{"id":627646,"date":"2018-06-07T04:19:07","date_gmt":"2018-06-07T04:19:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=627646"},"modified":"2025-12-17T09:51:56","modified_gmt":"2025-12-17T09:51:56","slug":"fdi-is-slumping-globally-but-egypt-is-the-top-destination-in-africa-unctad","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/fdi-is-slumping-globally-but-egypt-is-the-top-destination-in-africa-unctad\/","title":{"rendered":"FDI is slumping globally, but Egypt is the top destination in Africa \u2013UNCTAD"},"content":{"rendered":"<section id=\"627648\" 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=\"627648\">\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\/07\/what-were-tracking-on-07-june-2018\/\">\r\n                            What we\u2019re tracking on 07 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\/07\/what-were-tracking-on-07-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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We won\u2019t bore you with the details \u2014 it\u2019s all hot air. The significance is in the chatter, not the content thereof. The Ismail Cabinet had submitted its resignation on Tuesday \u2014 a standard procedure after the inauguration of a president \u2014 and was promptly appointed as a caretaker government until a new cabinet is formed.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Analysts see interest rates being left on hold at the next MPC meeting: <\/strong>The Central Bank of Egypt\u2019s monetary policy committee will next meet on 28 June, an top analysts are already leaning toward interest rates being left on hold, according to <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=06062018&amp;id=2cccdf01-82da-4795-985d-6ed082f82668\">a poll conducted by Al Shorouk<\/a>. <strong>Pharos Research<\/strong> head Radwa El Swaify sees interest rates left unchanged to counter a projected rise in inflation from the <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/03\/govt-raises-piped-water-prices-by-up-to-46-5\/\">46.5% increase in water prices<\/a> and the threefold <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/13\/metro-ticket-prices-more-than-triple-over-the-weekend\/\">increase in metro ticket prices<\/a>, not to mention upcoming subsidy cuts to fuel and electricity. She noted external factors such as a strengthening USD and oil prices.<\/p><p><strong>Monetary easing won\u2019t resume until at least the fourth quarter? <\/strong>El Swaify sees the monetary easing cycle picking up again in 4Q2018, expecting the CBE to lower rates by 200-300 bps. <strong>Beltone Financial<\/strong> lead economist Alia Mamdouh concurs on the upcoming MPC meeting holding interest rates steady to counter a potential hike in inflation. She sees interest rates not going up until the end of the year. <strong>Sigma Capital<\/strong>\u2019s Aya Abdullah doesn\u2019t believe rates will rise again until after 4Q2018, the newspaper reports.<\/p><p>Meanwhile,<strong> the Ismail Cabinet said yesterday it would take steps to offset rising oil prices<\/strong> (we have more in the Speed Round below).<\/p><p><strong>This comes as the US is pushing for OPEC countries to increase production by around 1 mn bbl\/d<\/strong>, people familiar with the matter <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-05\/u-s-said-to-ask-opec-for-1-million-barrel-a-day-oil-output-hike\">tell Bloomberg<\/a>. While criticism of OPEC pricing by a US administration is nothing new, this would be the first time a US government actually called for a specific production level, the business information service suggests. The request came after US retail gasoline prices surged to their highest in more than three years. <strong>This comes as Saudi Aramco raised its official selling price for Arab Light crude<\/strong> for July shipment to Asia. The price spike was the the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-05\/saudis-raise-pricing-on-main-crude-grade-to-asia-to-4-year-high\">highest since 2014<\/a>.<\/p><p>In miscellany today:<\/p><p><strong>\u201cThe gear you need to work from anywhere\u201d <\/strong>is currently one of the most-watched videos on the Wall Street Journal, as tech columnist David Pierce gives you the rundown on \u201ceverything you need to work from anywhere, and how to fit your entire office in your bag.\u201d You can <a href=\"https:\/\/on.wsj.com\/2LPUKvU\">watch the video (runtime: 2:44)<\/a>. Or you can take our advice: Just about everyone at Enterprise works remotely four days out of five every week \u2014 and one of us gets &gt;90% of his daily work done on an iPad Pro (the model with LTE baked in, so we\u2019re never away from the internet). Our go-to apps for iPad include:<\/p><ul>\n<li>Google for Work, or whatever it\u2019s called today, including Docs, Drive, Gmail, Sheets and Calendar. Docs is where we all work together to build Enterprise in a single file each day;<\/li>\n<li><a href=\"https:\/\/itunes.apple.com\/ca\/app\/microsoft-word\/id586447913?mt=8\">Microsoft Office<\/a>, including all the usual suspects. Word and Excel are particularly good, but don\u2019t expect to do complex modeling on the latter. It\u2019s best suited to reviewing reports and building tables for \u2026 still more reports;<\/li>\n<li><a href=\"https:\/\/itunes.apple.com\/ca\/app\/filebrowser-computers-cloud\/id364738545?mt=8\">File Browser<\/a>, to access stuff stored on our corporate Windows-based server (you want the version we\u2019re linking to, which covers \u201ccomputers + cloud\u201d);<\/li>\n<li><a href=\"https:\/\/itunes.apple.com\/ca\/app\/slack\/id618783545?mt=8\">Slack<\/a>, the chat program that allows Enterprise staff to talk incessantly;<\/li>\n<li><a href=\"https:\/\/itunes.apple.com\/ca\/app\/pdf-expert-by-readdle\/id743974925?mt=8\">PDF Expert<\/a>, for viewing, editing (yes, editing), marking up, signing and storing pdfs;<\/li>\n<li><a href=\"https:\/\/itunes.apple.com\/ca\/app\/evernote\/id281796108?mt=8\">Evernote<\/a> \u2014 for meeting notes, airplane ticket storage, searching inside handwitten notes, etc.<\/li>\n<\/ul><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Are you ready to pay USD 1,095 a month (in the US) to \u201csubscribe\u201d to a Mercedes-Benz?<\/strong> \u201cThe app-based service initially available to drivers in Nashville and Philadelphia has three pricing tiers ranging from USD 1,095 to USD 2,995 a month, according to a company statement. Subscribers will get access to 30 different models, from C-Class sedans to GLE sport utility vehicles, and can swap cars as often as they like, depending on what tier they choose,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-05\/mercedes-benz-starts-car-subscription-pilot-from-1-095-a-month\">Bloomberg<\/a> reports. <a href=\"https:\/\/www.theverge.com\/2018\/6\/5\/17429552\/mercedes-benz-subscription-service-prices\">The Verge<\/a> has more. Or you can go read the <a href=\"https:\/\/collection.mbusa.com\">Mercedes-Benz USA announcement about its \u201cCollection\u201d service<\/a>.<\/p><p><strong>Who is attacking US diplomats in Cuba and China? <\/strong>\u201cFor months, American officials have been worried that their diplomats have been subjected to targeted attacks involving odd sounds\u201d first in Cuba, and now in China. Victims of the alleged sonic attacks \u201cwere stricken with headaches, nausea, hearing loss, cognitive issues and other symptoms after saying they heard odd sounds.\u201d The attacks began in 2016 and appear to continue to this day,. Canadian diplomats have also been targeted. Read more in the <a href=\"https:\/\/www.nytimes.com\/2018\/06\/06\/world\/asia\/china-guangzhou-consulate-sonic-attack.html\">New York Times<\/a>, the <a href=\"https:\/\/www.washingtonpost.com\/world\/national-security\/more-victims-of-mystery-illness-striking-diplomats-in-china\/2018\/06\/06\/b0bc7540-69d9-11e8-bf8c-f9ed2e672adf_story.html?utm_term=.b1e16f2bfba0\">Washington Post<\/a> or the <a href=\"https:\/\/www.theglobeandmail.com\/news\/politics\/cause-of-symptoms-affecting-canadian-diplomats-in-cuba-remains-a-mystery-official\/article37554779\/\">Globe and Mail<\/a>.<\/p><p><strong>NASA has something to tell us about Mars<\/strong>, but they won\u2019t tell us what until we tune in for a press conference scheduled for later today. Until 8pm CLT today, you\u2019ll have to do with <a href=\"https:\/\/www.space.com\/40792-nasa-mars-rover-curiosity-announcement-june-2018.html\">Space.com\u2019s<\/a> (necessarily) skimpy overview.<\/p><p><strong>Listen to the late Kate Spade talk about how she built her business. <\/strong>While the media force her <a href=\"https:\/\/www.nytimes.com\/2018\/06\/06\/style\/kate-spade-husband-andy-spade.html\">husband<\/a> and <a href=\"https:\/\/www.wsj.com\/articles\/kate-spades-father-husband-discuss-her-private-troubles-1528322609\">father<\/a> to talk about her \u201csevere depression\u201d and 10-month separation, we prefer to remember the entrepreneur in the iconic designer. If you haven\u2019t already, listen on your morning or afternoon commute to Kate and Andy Spade speak with NPR\u2019s <a href=\"https:\/\/one.npr.org\/?sharedMediaId=513311127:513326948\"><strong>How I Built This<\/strong> (listen, runtime: 42:02)<\/a>.<\/p><p><strong>Parents in emerging markets spend more time focused on their kids\u2019 education than do their peers in western economies<\/strong>, the Varkey Foundation found in a survey of 27k parents in 29 countries, according to a guest piece written for the <a href=\"https:\/\/www.ft.com\/content\/cef78cce-69ad-11e8-8cf3-0c230fa67aec\">FT\u2019s Beyond Brics<\/a> blog.<\/p><p><strong>No, dude, tell us how you *really* feel about women. <\/strong>The bozo who runs Statelet Airways told reporters earlier this week, \u201cOf course it [Qatar Airways] has to be led by a man, because it is a very challenging position.\u201d Akbar Al Baker\u2019s <a href=\"https:\/\/www.ft.com\/content\/110be710-68b2-11e8-8cf3-0c230fa67aec\">subsequent apology tour<\/a> has only slightly dimmed the aggressive \u201cnothing wrong here, we\u2019ve won\u201d campaign Qatar has mounted in global media this week to mark the one-year anniversary of the Arab Quartet\u2019s boycott.<\/p><p><strong>The USD 500 mn yacht for the oligarch in all of us: <\/strong>Yesterday, we told you about the <a href=\"https:\/\/www.wsj.com\/articles\/behind-the-messy-expensive-split-between-facebook-and-whatsapps-founders-1528208641\">messy corporate divorce<\/a> between Facebook and WhatsApp. Now, it\u2019s <a href=\"https:\/\/www.nytimes.com\/2018\/06\/06\/business\/britain-divorce-farkhad-akhmedov.html\">the world\u2019s most expensive divorce<\/a> that\u2019s caught our eye. Not because we have divorce on the brain, but because at the center of the dispute is a USD 500 mn yacht with \u201ca spa, a swimming pool, two heliports and room for 18 guests, the Luna is more like a floating luxury villa than a yacht. A crew of 50 keep all nine decks in pristine shape.\u201d Expecting trouble with the neighbors or an assassin or two? Don\u2019t worry: \u201cIt has a missile detection system, an anti-drone system, bulletproof windows and bombproof doors,\u201d the New York Times reports.<\/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-09\"><\/a> <strong>So, when do we eat? <\/strong>For those of us observing, Maghrib is at 6:55 pm CLT today. You\u2019ll have until 3:08 am tomorrow to finish your sohour.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627649\" 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 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              <\/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\/07\/on-the-horizon-8\/\" 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\/07\/on-the-horizon-8\/')\">\n                    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href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/on-the-horizon-8\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627650\" class=\"content-area-description single-story post-627650 post type-post status-publish format-standard hentry category-on-the-horizon tag-enterpriseam tag-on-the-horizon wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt will announce on Sunday the details of the prequalification stage of a tender to manage the Grand Egyptian Museum (GEM)<\/strong>, <a href=\"https:\/\/ent.news\/2018\/6\/638.jpg\">according to the Investment Ministry (pdf)<\/a>.<\/p>\n<p><strong>Saudi Arabia could be upgraded<\/strong> to MSCI emerging markets status this month.<\/p>\n<p><strong>Unified port fees will permanently come into effect in July,<\/strong> SCZone chief Mohab Mamish has said, <a href=\"https:\/\/www.youm7.com\/story\/2018\/6\/5\/%D9%85%D9%85%D9%8A%D8%B4-%D8%AA%D8%B7%D8%A8%D9%8A%D9%82-%D8%AA%D9%88%D8%AD%D9%8A%D8%AF-%D8%B1%D8%B3%D9%88%D9%85-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D9%86%D9%89%D8%A1-%D8%A7%D9%84%D8%A8%D8%AD%D8%B1%D9%8A%D8%A9-%D8%AE%D9%84%D8%A7%D9%84-%D9%8A%D9%88%D9%84%D9%8A%D9%88-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\/3822363\">Youm7 reports<\/a>.<\/p>\n<p><strong>The World Bank is offering seed funding, access to mentorship for agritech startups through its \u201cDigitalAG4Egypt\u201d program.<\/strong> 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=\"627651\" 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=\"627651\">\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\/07\/last-nights-talk-shows-on-7-june-2018\/\">\r\n                            Last Night\u2019s Talk Shows on 7 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\/07\/last-nights-talk-shows-on-7-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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-->\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=\"627652\" 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=\"627652\">\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\/07\/fdi-is-slumping-around-the-world-but-egypt-remains-top-destination-in-africa\/\">\r\n                            FDI is slumping around the world, but Egypt remains top destination in Africa                        <\/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\/07\/fdi-is-slumping-around-the-world-but-egypt-remains-top-destination-in-africa\/\" target=\"_blank\">\n      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class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627652\" class=\"content-area-description single-story post-627652 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>Foreign direct investment is slumping around the world:<\/strong> The latest figures from the United Nations. World Investment Report show global FDI fell 23% in 2017 and may not grow at all this year. You can thank rising trade tensions, including the brewing trade war between the US and China as well as the US and traditional its allies in Canada and the European Union.<\/p>\n<p><strong>Egypt was the top destination for FDI in Africa last year<\/strong> (outpacing Ethiopia, Nigeria, Ghana and Morocco), but still fell 8.8% y-o-y to USD 7.4 bn. On the regulatory side, the report took note of the Industrial Permits Act and Investment Law coming into effect, which should promote domestic and further investment \u201cby offering further incentives, reducing bureaucracy and simplifying administrative processes.\u201d<\/p>\n<p><strong>Where did the inflows to Egypt come from last year? <\/strong>UNCTAD thinks they were \u201csupported by a large increase in Chinese investment across light manufacturing industries and wide- ranging economic reforms beginning to pay off: financial liberalization, for instance, fostered more reinvestment of domestic earnings.\u201d<\/p>\n<p><strong>We\u2019re not sure we agree with UNCTAD\u2019s analysis: <\/strong>Far from reinvesting earnings last year, Egyptian companies saw profits eroded by (among other factors) high interest rates. Earnings recovery is a 2018 story, and the return of CAPEX spending will be a theme for 2019. What\u2019s more, <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/21\/chinas-foreign-direct-investments-in-egypt-grew-75-in-1h2017\/\">Chinese investment in the TEDA industrial zone<\/a> seems to us to have been far from sufficient to move the needle \u2014 the big stuff is in major infrastructrure and urban development projects, many of which haven\u2019t seen final contracts signed.<\/p>\n<p><strong>FDI to Africa fell 3%<\/strong> for the year thanks in part to \u201cweak oil prices and lingering effects from the commodity bust.\u201d You can read the full UNCTAD <a href=\"http:\/\/unctad.org\/en\/PublicationsLibrary\/wir2018_en.pdf\">World Investment Report 2018 (pdf)<\/a> or check out coverage in the <a href=\"https:\/\/www.ft.com\/content\/05542386-69a4-11e8-8cf3-0c230fa67aec\">Financial Times<\/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=\"627663\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627664\" 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=\"627664\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/benzema-is-not-training-for-the-world-cup-hes-in-egypt-instead\/\">\r\n                            Benzema is not training for the World Cup, he\u2019s in Egypt instead                        <\/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\/07\/benzema-is-not-training-for-the-world-cup-hes-in-egypt-instead\/\" 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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Red Sea tourism chamber member Ihab Shoukry said that Benzema\u2019s visit to Hurghada was part of a tourism campaign. The French striker will not be participating in the World Cup.<\/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\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627665\" 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=\"627665\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/cuper-prepares-plan-b-in-case-salah-fails-to-recover-in-time\/\">\r\n                            Cuper prepares plan B in case Salah fails to recover in time                        <\/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\/07\/cuper-prepares-plan-b-in-case-salah-fails-to-recover-in-time\/\" 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\/07\/cuper-prepares-plan-b-in-case-salah-fails-to-recover-in-time\/')\">\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\/07\/cuper-prepares-plan-b-in-case-salah-fails-to-recover-in-time\/\">\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=Cuper prepares plan B in case Salah fails to recover in time&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/cuper-prepares-plan-b-in-case-salah-fails-to-recover-in-time\/\">\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\/07\/cuper-prepares-plan-b-in-case-salah-fails-to-recover-in-time\/&title=Cuper prepares plan B in case Salah fails to recover in time\">\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=Cuper+prepares+plan+B+in+case+Salah+fails+to+recover+in+time+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fcuper-prepares-plan-b-in-case-salah-fails-to-recover-in-time%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\/07\/cuper-prepares-plan-b-in-case-salah-fails-to-recover-in-time\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627665\" class=\"content-area-description single-story post-627665 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Egypt\u2019s national football team has a plan B in case Mo Salah\u2019s shoulder injury fails to heal in time for the World Cup, <\/strong>coach Hector Cuper said yesterday, <a href=\"https:\/\/www.independent.co.uk\/sport\/football\/world-cup\/mohamed-salah-injury-latest-update-liverpool-champions-league-final-world-cup-2018-a8385511.html\">according to the Independent<\/a>. Cuper didn\u2019t name Salah\u2019s backup, saying only that the team \u201cwill be ready with another player.\u201d The football star <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/05\/egypt-announces-world-cup-squad\/\">made the final lineup<\/a> of Egypt\u2019s World Cup squad as he appeared to be showing <a href=\"https:\/\/twitter.com\/MoSalah\/status\/1003301132205207552\">positive signs of recovery<\/a> from his shoulder injury. Cuper\u2019s comments topped coverage of Egypt in the foreign press this morning.<\/p>\n<p><strong>Without Salah on the roster, Egypt suffered a 3-0 defeat to Belgium <\/strong>yesterday in the last pre-World Cup friendly, <a href=\"https:\/\/www.reuters.com\/article\/soccer-worldcup-bel-egy\/soccer-belgium-cruise-past-egypt-3-0-to-settle-world-cup-nerves-idUSL5N1T83BC\">Reuters reports<\/a>. The defeat does not bode well, with even Manchester United boss Jose Mourinho saying he doubts the Pharaohs can make it past the group stage, <a href=\"https:\/\/www.kingfut.com\/2018\/06\/06\/mourinho-egypt-world-cup-exit\/\">according to King Fut<\/a>.<\/p>\n<p><strong>Is Salah heading to Barcelona after the World Cup?<\/strong> Rumors flooded the Spanish press that Mo Salah\u2019s agents have told FC Barcelona that the Liverpool forward \u201cwould be willing\u201d to move to the Spanish team, <a href=\"https:\/\/en.onefootball.com\/mohamed-salahs-agents-offer-the-egyptian-to-barcelona\/\">according to Onefootball<\/a>. Reports had since been <a href=\"https:\/\/twitter.com\/RamyCol\/status\/1004417915989479424\">denied by the agents on Twitter<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-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=\"627666\" 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=\"627666\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/civil-servants-wages-are-eating-up-too-much-of-the-countrys-resources\/\">\r\n                            Civil servants\u2019 wages are eating up too much of the country\u2019s resources                        <\/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\/07\/civil-servants-wages-are-eating-up-too-much-of-the-countrys-resources\/\" 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\/07\/civil-servants-wages-are-eating-up-too-much-of-the-countrys-resources\/')\">\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\/07\/civil-servants-wages-are-eating-up-too-much-of-the-countrys-resources\/\">\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=Civil servants\u2019 wages are eating up too much of the country\u2019s resources&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/civil-servants-wages-are-eating-up-too-much-of-the-countrys-resources\/\">\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\/07\/civil-servants-wages-are-eating-up-too-much-of-the-countrys-resources\/&title=Civil servants\u2019 wages are eating up too much of the country\u2019s resources\">\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=Civil+servants%E2%80%99+wages+are+eating+up+too+much+of+the+country%E2%80%99s+resources+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fcivil-servants-wages-are-eating-up-too-much-of-the-countrys-resources%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\/07\/civil-servants-wages-are-eating-up-too-much-of-the-countrys-resources\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627666\" class=\"content-area-description single-story post-627666 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>Civil servants\u2019 wages are eating up far too much of the country\u2019s resources<\/strong> \u2014 and allowing them to account for the lion\u2019s share of expenditures in the upcoming fiscal year\u2019s budget suggests that funding development is not a priority for cabinet, Ashraf El Barbary <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=06062018&id=9f488132-5c2a-4585-841d-4e2813e68c66\">writes for Al Shorouk<\/a>. The bloated budget for state employees could have been put to better use had it been allocated to the country\u2019s education development program, which El Barbary fears is sorely lacking the necessary financing.<\/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=\"627667\" 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=\"627667\">\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\/06\/07\/were-on-our-way-to-becoming-like-the-jetsons-with-this-joystick-operated-flying-car\/\">\r\n                            We\u2019re on our way to becoming like The Jetsons with this joystick-operated flying car                        <\/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\/07\/were-on-our-way-to-becoming-like-the-jetsons-with-this-joystick-operated-flying-car\/\" 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\/07\/were-on-our-way-to-becoming-like-the-jetsons-with-this-joystick-operated-flying-car\/')\">\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\/07\/were-on-our-way-to-becoming-like-the-jetsons-with-this-joystick-operated-flying-car\/\">\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=We\u2019re on our way to becoming like The Jetsons with this joystick-operated flying car&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/were-on-our-way-to-becoming-like-the-jetsons-with-this-joystick-operated-flying-car\/\">\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\/07\/were-on-our-way-to-becoming-like-the-jetsons-with-this-joystick-operated-flying-car\/&title=We\u2019re on our way to becoming like The Jetsons with this joystick-operated flying car\">\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=We%E2%80%99re+on+our+way+to+becoming+like+The+Jetsons+with+this+joystick-operated+flying+car+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fwere-on-our-way-to-becoming-like-the-jetsons-with-this-joystick-operated-flying-car%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\/07\/were-on-our-way-to-becoming-like-the-jetsons-with-this-joystick-operated-flying-car\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1384.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627668\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/were-on-our-way-to-becoming-like-the-jetsons-with-this-joystick-operated-flying-car\/1384-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1384.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1384.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1384.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1384.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627667\" class=\"content-area-description single-story post-627667 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>We\u2019re on our way to becoming like The Jetsons with this joystick-operated flying car:<\/strong> Flying car company Kitty Hawk has rolled out a fully electric flying vehicle, the Flyer, which has just enough space for the driver and can fly for up to 20 minutes, <a href=\"https:\/\/www.cnbc.com\/2018\/06\/06\/larry-pages-kitty-hawk-flyer-is-fit-for-one-and-operated-by-joystick.html\">according to CNBC<\/a>. The vehicle, which is currently available for pre-order, is \u201csomething between a pontoon plane and a drone, and it\u2019s not too comfortable for the driver\u201d (runtime, 1:01).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627669\" 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=\"627669\">\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\/06\/07\/afdb-to-finance-new-projects-in-egypts-energy-industrial-and-agricultural-sectors\/\">\r\n                            AfDB to finance new projects in Egypt\u2019s energy, industrial, and agricultural sectors                        <\/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\/07\/afdb-to-finance-new-projects-in-egypts-energy-industrial-and-agricultural-sectors\/\" 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\/07\/afdb-to-finance-new-projects-in-egypts-energy-industrial-and-agricultural-sectors\/')\">\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\/07\/afdb-to-finance-new-projects-in-egypts-energy-industrial-and-agricultural-sectors\/\">\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=AfDB to finance new projects in Egypt\u2019s energy, industrial, and agricultural sectors&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/afdb-to-finance-new-projects-in-egypts-energy-industrial-and-agricultural-sectors\/\">\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\/07\/afdb-to-finance-new-projects-in-egypts-energy-industrial-and-agricultural-sectors\/&title=AfDB to finance new projects in Egypt\u2019s energy, industrial, and agricultural sectors\">\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=AfDB+to+finance+new+projects+in+Egypt%E2%80%99s+energy%2C+industrial%2C+and+agricultural+sectors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fafdb-to-finance-new-projects-in-egypts-energy-industrial-and-agricultural-sectors%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\/07\/afdb-to-finance-new-projects-in-egypts-energy-industrial-and-agricultural-sectors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627669\" class=\"content-area-description single-story post-627669 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The African Development Bank (AfDB) is planning to finance new energy, industrial, and agricultural projects in Egypt, <\/strong>Country Manager for Egypt <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/13\/malinne-blomberg-replaces-leila-mokaddem-as-afdbs-egypt-country-manager\/\">Malinne Blomberg<\/a> said in a meeting with Trade and Industry Minister Tarek Kabil yesterday, <a href=\"https:\/\/www.facebook.com\/mift.media\/photos\/a.422829607785846.95704.422439257824881\/1704433576292103\/?type=3&theater\">according to a ministry statement<\/a>. The bank is currently studying a number of projects, including some n the Suez Canal area.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627670\" 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=\"627670\">\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\/06\/07\/housing-ministry-issues-rural-sanitation-projects-tender-in-sharkiya\/\">\r\n                            Housing Ministry issues rural sanitation projects tender in Sharkiya                        <\/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\/07\/housing-ministry-issues-rural-sanitation-projects-tender-in-sharkiya\/\" 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\/07\/housing-ministry-issues-rural-sanitation-projects-tender-in-sharkiya\/')\">\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\/07\/housing-ministry-issues-rural-sanitation-projects-tender-in-sharkiya\/\">\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 issues rural sanitation projects tender in Sharkiya&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/housing-ministry-issues-rural-sanitation-projects-tender-in-sharkiya\/\">\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\/07\/housing-ministry-issues-rural-sanitation-projects-tender-in-sharkiya\/&title=Housing Ministry issues rural sanitation projects tender in Sharkiya\">\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+issues+rural+sanitation+projects+tender+in+Sharkiya+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fhousing-ministry-issues-rural-sanitation-projects-tender-in-sharkiya%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\/07\/housing-ministry-issues-rural-sanitation-projects-tender-in-sharkiya\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627670\" class=\"content-area-description single-story post-627670 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\/.1429692b-8af7-4394-8162-9deae0bcf68e.mp3\"><\/audio><\/figure>\n<p>The Housing Ministry has launched a local tender for a number of rural sanitation projects in Sharqiya, funded by a USD 550 mn World Bank loan, Housing Ministry Senior Undersecretary Rania Al Menshawi <a href=\"http:\/\/www.almalnews.com\/Story\/378339\/18\/%D8%A7%D9%84%D8%A5%D8%B3%D9%83%D8%A7%D9%86-%D9%85%D9%86%D8%A7%D9%82%D8%B5%D8%A9-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%B5%D8%B1%D9%81-%D9%81%D9%8A-%D9%82%D8%B1%D9%89-%D9%88%D8%B9%D8%B2%D8%A8-%D8%A7%D9%84%D8%B4%D8%B1\">tells Al Mal<\/a>. The project aims to upgrade sanitation services in more than 150 villages around Egyptian governorates. The contractor awarded will be required to pay 5% insurance on the contract\u2019s total value, according to Housing Minister\u2019s technical advisor Sayed Ismail. Egypt and the World Bank <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/05\/egypt-world-bank-sign-agreement-to-launch-second-phase-of-rural-sanitation-project\/\">had signed an agreement<\/a> on Tuesday to begin the second USD 600 mn phase of the project\u2019s implementation, which will be co-financed by the Asian Infrastructure Investment Bank.<\/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\/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=\"627672\" 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=\"627672\">\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\/06\/07\/egyptian-german-automotives-to-manufacture-brake-parts-in-new-six-october-factory\/\">\r\n                            Egyptian German Automotives to manufacture brake parts in new Six October factory                        <\/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\/07\/egyptian-german-automotives-to-manufacture-brake-parts-in-new-six-october-factory\/\" 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\/07\/egyptian-german-automotives-to-manufacture-brake-parts-in-new-six-october-factory\/')\">\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\/07\/egyptian-german-automotives-to-manufacture-brake-parts-in-new-six-october-factory\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian German Automotives to manufacture brake parts in new Six October factory&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/egyptian-german-automotives-to-manufacture-brake-parts-in-new-six-october-factory\/\">\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\/07\/egyptian-german-automotives-to-manufacture-brake-parts-in-new-six-october-factory\/&title=Egyptian German Automotives to manufacture brake parts in new Six October factory\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian+German+Automotives+to+manufacture+brake+parts+in+new+Six+October+factory+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fegyptian-german-automotives-to-manufacture-brake-parts-in-new-six-october-factory%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\/07\/egyptian-german-automotives-to-manufacture-brake-parts-in-new-six-october-factory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627672\" class=\"content-area-description single-story post-627672 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\/.884896a1-c4e0-480d-b943-30bfd27eb098.mp3\"><\/audio><\/figure>\n<p>Egyptian German Automotives is launching a new factory to manufacture brake parts in Six October City in September, Business Support Manager Mohamed Salem <a href=\"http:\/\/www.almalnews.com\/Story\/378349\/18\/-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%A7%EF%BB%B7%D9%84%D9%85%D8%A7%D9%86%D9%8A%D8%A9--%D8%AA%D9%81%D8%AA%D8%AA%D8%AD-%D9%85%D8%B5%D9%86%D8%B9%D8%A7%D9%8B-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A3%D8%AC%D8%B2%D8%A7%D8%A1-%D8%A8%D8%A7%D9%84%D9%81%D8%B1%D8%A7%D9%85%D9%84\">tells Al Mal<\/a>. With plans to reach the maximum production capacity of 30k tonnes annually, the company is planning to increase its exports, targeting global auto brands. The company has already been exporting its products to Mercedes-Benz since 2002 and Volkswagen since 2012. Kayan Egypt CEO Karim El Naggar <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/27\/kayan-could-begin-assembling-seat-in-egypt-by-2020\/\">had said<\/a> that his company was in \u201cserious negotiations\u201d with Egyptian German Automotives and other manufacturers to assemble SEAT cars locally by 2020. The value of the project was not disclosed.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627673\" 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=\"627673\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ode-signs-with-nuca-to-build-gouna-style-town-in-six-october-city\/\">\r\n                            ODE signs with NUCA to build Gouna-style town in Six October City                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ode-signs-with-nuca-to-build-gouna-style-town-in-six-october-city\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ode-signs-with-nuca-to-build-gouna-style-town-in-six-october-city\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ode-signs-with-nuca-to-build-gouna-style-town-in-six-october-city\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=ODE signs with NUCA to build Gouna-style town in Six October City&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ode-signs-with-nuca-to-build-gouna-style-town-in-six-october-city\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ode-signs-with-nuca-to-build-gouna-style-town-in-six-october-city\/&title=ODE signs with NUCA to build Gouna-style town in Six October City\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=ODE+signs+with+NUCA+to+build+Gouna-style+town+in+Six+October+City+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fode-signs-with-nuca-to-build-gouna-style-town-in-six-october-city%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ode-signs-with-nuca-to-build-gouna-style-town-in-six-october-city\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627673\" class=\"content-area-description single-story post-627673 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate-housing 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\/.abadeca9-b5d3-47ed-a4b8-8f7857178a6c.mp3\"><\/audio><\/figure>\n<p>Orascom Development Egypt (ODE) has signed an MoU with the New Urban Communities Authority (NUCA) to build a Gouna-style town in 6 October City, CEO Khaled Bishara said yesterday, without disclosing further details about the cost or timeline for the project, according to <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1298118\">Al Masry Al Youm<\/a>. The new development will mimic Gouna\u2019s sustainable city model.<\/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\/real-estate-housing\/\">Real Estate + Housing<\/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=\"627674\" 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=\"627674\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/colliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018\/\">\r\n                            Colliers International forecasts rise in Egypt\u2019s hotel occupancy rates in 2Q2018                        <\/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\/07\/colliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018\/\" 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\/07\/colliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018\/')\">\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\/07\/colliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018\/\">\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=Colliers International forecasts rise in Egypt\u2019s hotel occupancy rates in 2Q2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/colliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018\/\">\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\/07\/colliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018\/&title=Colliers International forecasts rise in Egypt\u2019s hotel occupancy rates in 2Q2018\">\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=Colliers+International+forecasts+rise+in+Egypt%E2%80%99s+hotel+occupancy+rates+in+2Q2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fcolliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018%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\/07\/colliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627674\" class=\"content-area-description single-story post-627674 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\/.0738db37-534a-486e-b8d1-3fba6dfad97c.mp3\"><\/audio><\/figure>\n<p>Hotel occupancy rates in Egypt are expected to rise from April-June 2018, Colliers International said in a <a href=\"http:\/\/www.colliers.com\/-\/media\/files\/emea\/uae\/case-studies\/2018-overview\/mena-hotel-forecasts-april-2018.pdf\">report on MENA hotels (pdf)<\/a>. Sharm El Sheikh and Hurghada are expected to see the biggest jump in occupancy rates over the three months, reaching 42% and 55% y-o-y, respectively. Cairo\u2019s occupancy rates are expected to rise to 61%, while Alexandria\u2019s are projected to reach 67%. Sharm El Sheikh and Hurghada\u2019s markets are both \u201cgrowing from a very low base last year\u201d and are expected to grow on the back of improved security perceptions and relaxed travel advisories, the report notes.<\/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=\"627675\" 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=\"627675\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/three-consortia-qualify-to-design-supervise-alexandrias-raml-tram-development\/\">\r\n                            Three consortia qualify to design, supervise Alexandria\u2019s Raml tram 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\/06\/07\/three-consortia-qualify-to-design-supervise-alexandrias-raml-tram-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\/06\/07\/three-consortia-qualify-to-design-supervise-alexandrias-raml-tram-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\/06\/07\/three-consortia-qualify-to-design-supervise-alexandrias-raml-tram-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=Three consortia qualify to design, supervise Alexandria\u2019s Raml tram development&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/three-consortia-qualify-to-design-supervise-alexandrias-raml-tram-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\/06\/07\/three-consortia-qualify-to-design-supervise-alexandrias-raml-tram-development\/&title=Three consortia qualify to design, supervise Alexandria\u2019s Raml tram 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=Three+consortia+qualify+to+design%2C+supervise+Alexandria%E2%80%99s+Raml+tram+development+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fthree-consortia-qualify-to-design-supervise-alexandrias-raml-tram-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\/06\/07\/three-consortia-qualify-to-design-supervise-alexandrias-raml-tram-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627675\" class=\"content-area-description single-story post-627675 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\/.cc049fc0-1903-4155-ac04-05df7cf46057.mp3\"><\/audio><\/figure>\n<p>Three local and international consortia have reportedly qualified to design and supervise the EUR 360 mn Alexandria tram project, <a href=\"http:\/\/www.almalnews.com\/Story\/378326\/15\/%D8%AA%D8%A3%D9%87%D9%84-3-%D8%AA%D8%AD%D8%A7%D9%84%D9%81%D8%A7%D8%AA-%D8%A7%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D8%A5%D8%B4%D8%B1%D8%A7%D9%81-%D8%B9%D9%84%D9%89--%D8%AA%D8%B1%D8%A7%D9%85-%D8%A7%D9%84%D8%B1%D9%85%D9%84-\">sources tell Al Mal<\/a>. A Systra-led consortium topped the list of bidders. A SITC Group-led consortium and a consortium headed by France\u2019s Ingerop were among the top contenders. The three consortia include local companies Moharram.Bakhoum and Menarail, among others. The National Authority for Tunnels (NAT) will begin reviewing financial offers within 15 days and announce the results a month later, the source adds. The <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/06\/work-on-alexandria-tram-project-to-begin-next-year-wrap-up-by-2022\/\">Cabinet had said<\/a> that work on the Alexandria tram project would begin early next year and is expected to take three years to complete.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627676\" 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=\"627676\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ida-to-decide-on-whether-to-begin-seizing-land-from-1000-distressed-factories\/\">\r\n                            IDA to decide on whether to begin seizing land from 1,000 \u201cdistressed\u201d factories                        <\/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\/07\/ida-to-decide-on-whether-to-begin-seizing-land-from-1000-distressed-factories\/\" 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\/07\/ida-to-decide-on-whether-to-begin-seizing-land-from-1000-distressed-factories\/')\">\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\/07\/ida-to-decide-on-whether-to-begin-seizing-land-from-1000-distressed-factories\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=IDA to decide on whether to begin seizing land from 1,000 \u201cdistressed\u201d factories&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ida-to-decide-on-whether-to-begin-seizing-land-from-1000-distressed-factories\/\">\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\/07\/ida-to-decide-on-whether-to-begin-seizing-land-from-1000-distressed-factories\/&title=IDA to decide on whether to begin seizing land from 1,000 \u201cdistressed\u201d factories\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=IDA+to+decide+on+whether+to+begin+seizing+land+from+1%2C000+%E2%80%9Cdistressed%E2%80%9D+factories+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fida-to-decide-on-whether-to-begin-seizing-land-from-1000-distressed-factories%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\/07\/ida-to-decide-on-whether-to-begin-seizing-land-from-1000-distressed-factories\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627676\" class=\"content-area-description single-story post-627676 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\/.48dcca2a-d42e-4674-a475-bcffb4bf03af.mp3\"><\/audio><\/figure>\n<p>The Industrial Development Authority (IDA) will decide today whether to begin seizing land from 128 investors unlucky enough to be part of the 1,000 factories who are constantly crying out for help in New Cairo over delays in completing construction or beginning production, according to <a href=\"https:\/\/alborsanews.com\/2018\/06\/05\/1109464\">an IDA source<\/a>. The authority had previously issued several warnings and ultimatums to these investors to remedy the situation, which the investors reportedly did not heed. The factories ran into repeated infrastructure and regulatory hurdles since the zone was developed.<\/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\/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=\"627678\" 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=\"627678\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/el-sisi-pardons-712-prisoners\/\">\r\n                            El Sisi pardons 712 prisoners                        <\/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\/07\/el-sisi-pardons-712-prisoners\/\" 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\/07\/el-sisi-pardons-712-prisoners\/')\">\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\/07\/el-sisi-pardons-712-prisoners\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi pardons 712 prisoners&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/el-sisi-pardons-712-prisoners\/\">\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\/07\/el-sisi-pardons-712-prisoners\/&title=El Sisi pardons 712 prisoners\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+pardons+712+prisoners+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fel-sisi-pardons-712-prisoners%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\/07\/el-sisi-pardons-712-prisoners\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627678\" class=\"content-area-description single-story post-627678 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.8a88782e-2913-4b85-8aa4-13115d3277b8.mp3\"><\/audio><\/figure>\n<p>President Abdel Fattah El Sisi issued yesterday a presidential pardon for 712 prisoners, according to <a href=\"https:\/\/ara.reuters.com\/article\/topNews\/idARAKCN1J221C\">Reuters\u2019 Arabic service<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627679\" 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=\"627679\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/dismissed-english-literature-professor-to-sue-suez-canal-university\/\">\r\n                            Dismissed English literature professor to sue Suez Canal University                        <\/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\/07\/dismissed-english-literature-professor-to-sue-suez-canal-university\/\" 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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                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\/07\/dismissed-english-literature-professor-to-sue-suez-canal-university\/&title=Dismissed English literature professor to sue Suez Canal University\">\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=Dismissed+English+literature+professor+to+sue+Suez+Canal+University+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F07%2Fdismissed-english-literature-professor-to-sue-suez-canal-university%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\/07\/dismissed-english-literature-professor-to-sue-suez-canal-university\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627679\" class=\"content-area-description single-story post-627679 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>English Lit professor Mona Prince said on her Facebook page that she intends to sue Suez Canal University after she was dismissed from her teaching post three weeks ago, <\/strong><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/301850\/Egypt\/Politics-\/Egyptian-university-dismisses-professor-a-year-aft.aspx\">Ahram Online reports<\/a>. Prince \u2014 who was being investigated last year for \u201cinappropriate behavior\u201d after a two-minute video of her dancing on the roof of her own home went viral \u2014 <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/23\/professor-left-facing-potential-legal-disciplinary-action-for-teaching-students-about-paradise-lost\/\">was also accused<\/a> of \u201cglorifying Satan\u201d and spreading \u201cdestructive ideas\u201d for teaching students <a href=\"https:\/\/www.poetryfoundation.org\/poems\/45718\/paradise-lost-book-1-1674-version\">John Milton\u2019s Paradise Lost<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627680\" 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=\"627680\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/627680\/\">\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\/07\/627680\/\" 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\/07\/627680\/')\">\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\/07\/627680\/\">\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\/07\/627680\/\">\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\/07\/627680\/&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%2F07%2F627680%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\/07\/627680\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627680\" class=\"content-area-description single-story post-627680 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t\n<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 17.83 | Sell 17.93<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.82 | Sell 17.92<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.8 | Sell 17.9<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 15,909 (-0.7%)<br \/>\n <strong>Turnover:<\/strong> EGP 833 mn (25% BELOW the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +5.9%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session down 0.7%. CIB, the index heaviest constituent ended up 1.2%. EGX30\u2019s top performing constituents were Ezz Steel up 6.2%, and CIB up 1.2% and Telecom Egypt up 1.2%. Yesterday\u2019s worst performing stocks were Egyptian Iron & Steel down 6.2%, Egyptian Resorts down 4.7%, and SODIC down 4.5%. The market turnover was EGP 833 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +79.3 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -6.4 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -72.9 mn<\/p>\n<p><strong>Retail<\/strong>: 54.9% of total trades | 49.6% of buyers | 60.1% of sellers<br \/>\n <strong>Institutions<\/strong>: 45.1% of total trades | 50.4% of buyers | 39.9% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 21.1% of total | 25.9% of buyers | 16.3% of sellers<br \/>\n <strong>Regional:<\/strong> 12.2% of total | 11.8% of buyers | 12.6% of sellers<br \/>\n <strong>Domestic:<\/strong> 66.7% of total | 62.3% of buyers | 71.1% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 64.98 (+0.39%)<br \/>\n <strong>Brent:<\/strong> USD 75.58 (+0.29%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.90 MMBtu, (+0.14%, July 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,300.80 \/ troy ounce (-0.05%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 8,383.23 (-0.28%) (YTD: +16.01%)<br \/>\n <strong>ADX:<\/strong> 4,652.12 (+0.77%) (YTD: +5.77%)<br \/>\n <strong>DFM:<\/strong> 3,055.74 (+0.36%) (YTD: -9.33%)<br \/>\n <strong>KSE Premier Market:<\/strong> 4,758.51 (+0.7%)<br \/>\n <strong>QE:<\/strong> 9,327.77 (+0.19%) (YTD: +9.44%)<br \/>\n <strong>MSM:<\/strong> 4,580.34 (-0.26%) (YTD: -10.18%)<br \/>\n <strong>BB: <\/strong>1,266.98 (-0.06%) (YTD: -4.86%)<\/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=\"627681\" 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\/07\/627681\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627681\" class=\"content-area-description single-story post-627681 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>23 July (Monday): Revolution Day, national holiday.<\/p>\n<p>16 August (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday.<\/p>\n<p>04-05 September (Tuesday-Wednesday): <a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a>, Cairo.<\/p>\n<p>10-13 September (Monday-Thursday): <a href=\"https:\/\/8londonconference.efghermes.com\/pages\/home.aspx\">EFG Hermes\u2019 8th Annual London Conference<\/a>, Emirates Arsenal Stadium, London.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/p>\n<p>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":627647,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-627646","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"38f263db-c9c6-4ad7-9668-367f30e3a65f","teaser":"","photo_url":"https:\/\/ent.news\/2015\/7\/65.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FDI is slumping globally, but Egypt is the top destination in Africa \u2013UNCTAD - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/fdi-is-slumping-globally-but-egypt-is-the-top-destination-in-africa-unctad\/\" \/>\n<meta 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