{"id":627785,"date":"2018-06-12T03:37:44","date_gmt":"2018-06-12T03:37:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=627785"},"modified":"2025-12-17T09:57:11","modified_gmt":"2025-12-17T09:57:11","slug":"new-electricity-prices-to-be-unveiled-today-will-come-into-effect-on-1-july-as-expected","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/new-electricity-prices-to-be-unveiled-today-will-come-into-effect-on-1-july-as-expected\/","title":{"rendered":"New electricity prices to be unveiled today, will come into effect on 1 July as expected"},"content":{"rendered":"<section id=\"627787\" 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=\"627787\">\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\/12\/what-were-tracking-on-12-june-2018\/\">\r\n                            What we\u2019re tracking on 12 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\/12\/what-were-tracking-on-12-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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Enjoy seeing all the people you\u2019re getting away from in Sahel while we revel in having the capital city to ourselves. We\u2019re off on Sunday and Monday, but will be back in your inboxes on Tuesday morning.<\/p><p><strong>Want a safinga chaser? <\/strong>Mark the looming end of the holy month with the WSJ\u2019s Orientalist-headlined \u201c<a href=\"https:\/\/www.wsj.com\/articles\/beers-at-ramadan-dubai-relaxes-rules-as-gulf-countries-adapt-to-draw-business-1528719539\">Beers at Ramadan<\/a>: Dubai Relaxes Rules as Gulf Countries Adapt to Draw Business\u201d and then marvel that <a href=\"https:\/\/www.nytimes.com\/2018\/06\/11\/dining\/ice-cream-republic-of-booza.html?mabReward=CBMG1&amp;recid=15tT3HA3gxCyvg8yc3yLUPPLnxm&amp;recp=0\">booza (no, not *that* booza) has crossed the pond to New York<\/a>, where a new shop in Brooklyn (where else?) will serve the sahlab-based ice cream.<\/p><p><strong>Prime Minister-designate Mostafa Madbouly has yet to unveil his cabinet lineup.<\/strong> Madbouly is apparently still meeting with prospective candidates, and the echo chamber from the local press is again highlighting the candidates, adding Mac Optic President and CEO Ahmed Radwan to the list of potential entrants to cabinet. <a href=\"http:\/\/almalnews.com\/Story\/378885\/14\/%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%89-%D9%84%D9%80-%D9%85%D8%A7%D9%83-%D8%A3%D9%88%D8%A8%D8%AA%D9%83--%D9%85%D8%B1%D8%B4%D8%AD-%D9%84%D8%AE%D9%84%D8%A7%D9%81%D8%A9-%D9%82%D8%A7%D8%A8%D9%8A%D9%84-%D9%81%D9%89-%D8%AA%D9%88%D9%84%D9%89-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9\">Sources tell Al Mal<\/a> that Madouly gave candidates a 48-hour window to respond to his offer. <strong>The new cabinet was expected to be sworn into office before the Eid El Fitr break. <\/strong><\/p><p><strong>President Abdel Fattah El Sisi spoke in public for the first time on the new cabinet<\/strong>, saying that change in government was necessary, <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1299337\">according remarks picked up by our friends at Al Masry Al Youm<\/a>. The president thanked outgoing Prime Minister Sherif Ismail and his cabinet on behalf of a grateful nation.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Electricity Minister Mohamed Shaker will announce new electricity prices at a press conference today. <\/strong>The rate hikes will come into effect on 1 July as widely expected, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1J71WV\">Reuters\u2019 Arabic service reports<\/a>. The price hikes will be implemented across the board, but the lowest consumption tier be shielded from the full brunt of the rise, <a href=\"https:\/\/www.youm7.com\/story\/2018\/6\/11\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D9%80-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D8%B9-%D9%85%D8%AD%D8%AF%D9%88%D8%AF%D9%88-%D8%A7%D9%84%D8%AF%D8%AE%D9%84-%D9%85%D8%B4-%D9%87%D9%8A%D8%B6%D8%A7%D9%8A%D9%82%D9%88%D8%A7-%D9%85%D9%86\/3830211\">Shaker told Youm7<\/a>. Previous reports had suggested that prices would rise by as much as 55% and that the ministry was mulling having imposing a surcharge on consumption during peak hours for users in the uppermost bracket.<\/p><p><strong>Capital Economics is the latest to suggest the Central Bank of Egypt will leave interest rates on hold <\/strong>when its monetary policy committee meets on 28 June, writing in a note to clients yesterday that, \u201cInflation should resume its downward trend later this year, eventually allowing the CBE to push ahead with rate cuts. <strong>We expect the easing cycle to be resumed at September\u2019s MPC meeting<\/strong> and that the overnight deposit rate will be lowered by a further 350 bps this year, taking it to 13.25%, and by another 200bp in 2019. That is a quicker pace of easing than most anticipate.\u201d<\/p><p><strong>The Donald Trump-Kim Jong Un summit in Singapore got underway in the week hours of this morning<\/strong> as we were writing today\u2019s edition. Dude shook hands with a guy who assassinates political rivals living abroad, kidnaps innocent civilians, threatens to lob nuclear weapons, and blows relatives to pieces with anti-aircraft fire. \u201cI think we will have a terrific relationship,\u201d The Donald said. But Canadians? Close the borders, bubba. Damn them and their cheap cars and milk tariffs (and healthcare, multiculturalism and lack of handguns). Hit the front pages of the <a href=\"https:\/\/www.nytimes.com\/\">New York Times<\/a>, <a href=\"https:\/\/www.washingtonpost.com\/\">Washington Post<\/a>, <a href=\"https:\/\/www.politico.com\/\">Politico<\/a> or <a href=\"https:\/\/www.axios.com\/\">Axios<\/a> for the blow-by-blow as the day unfolds \u2014 the whole summit looks set to <a href=\"http:\/\/thehill.com\/policy\/international\/391681-trump-kim-set-to-leave-singapore-hours-after-start-of-summit-report\">wrap in less than seven hours<\/a>.<\/p><p><strong>If not by the EM Zombie Apocalypse, the End Times will be inaugurated by Donald Trump\u2019s \u201cAmerica First\u201d trade policy. <\/strong>That\u2019s the suggestion from IMF boss Christine Lagarde, who warned yesterday that \u201c<a href=\"https:\/\/www.reuters.com\/article\/us-usa-trade-germany\/imfs-lagarde-says-global-economic-outlook-darkening-by-the-day-idUSKBN1J70ID\">the global economic outlook is darkening by the day<\/a>.\u201d<\/p><p><strong>Latest sign we are indeed in the early days of the End Times: <\/strong>Back-to-back front-page headlines in our favourite non-business newspaper announcing <a href=\"https:\/\/www.theglobeandmail.com\/world\/article-dennis-rodman-arrives-in-singapore-ahead-of-trump-kim-summit-2\/\">Dennis Rodman arrives in Singapore ahead of Trump-Kim summit<\/a> and <a href=\"https:\/\/www.theglobeandmail.com\/canada\/article-actor-robert-de-niro-slams-trump-at-toronto-event-apologizing-for\/\">Actor Robert De Niro slams Trump at Toronto event, apologizing for President\u2019s \u2018idiotic\u2019 behavior<\/a>.<\/p><p><strong>Abraaj founder Arif Naqvi \u201cscrambles as [his] empire teeters,\u201d<\/strong> the headline in the <a href=\"https:\/\/www.wsj.com\/articles\/abraaj-founder-scrambles-as-empire-teeters-1528635601?redirect=amp#click=https:\/\/t.co\/d0s5oki9Le\">Wall Street Journal<\/a> blares, quoting the 57-year-old CEO as saying a dispute over the use of investor funds for general corporate purposes was \u201ccaused by differing interpretations of Abraaj\u2019s agreement with investors. \u2018We felt we were within our rights to interpret it the way we wanted,\u2019 he said. \u2018In hindsight would we have done things differently? Possibly.\u2019\u201d The Journal spoke with former Abraaj staff who said that \u201cMr. Naqvi had a dominating attitude that laid the groundwork for trouble. Several of these former employees blame the problems on what they say was <strong>Mr. Naqvi\u2019s overly ambitious expansion beyond Middle East deals.<\/strong>\u201d<\/p><p><strong>It looks like internal OPEC politics could play against Saudi\u2019s bid to ramp up production.<\/strong> Other OPEC members, including Iraq, have voiced opposition to lifting production curbs, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-11\/opec-resistance-to-saudi-supply-plan-grows-with-iraqi-defiance\">according to Bloomberg<\/a>. Iraq \u201crejects unilateral decisions made by some producers which do not consult with the rest,\u201d Iraqi Oil Minister Jabbar Al Luaibi said in a statement. \u201cProducers from within and outside OPEC have not yet reached the goals set,\u201d he added. Iraq, the second largest producer in OPEC, is now lending its voice to both Iran and Venezuela.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> And the award for the best use of a marketing hook to make sell-side research readable goes to\u2026<a href=\"http:\/\/www.goldmansachs.com\/our-thinking\/pages\/world-cup-2018\/multimedia\/report.pdf?cid=eml-np-briefings-briefings-textlink-201801--\"><strong>Goldman Sachs for its \u201cThe World Cup and Economics 2018\u201d (pdf)<\/strong><\/a><strong>. <\/strong>You can <a href=\"http:\/\/www.goldmansachs.com\/our-thinking\/pages\/world-cup-2018\/index.html?cid=eml-np-briefings-briefings-textlink-201801--\">hit the landing page for the publication here<\/a> or flip to page 17 of the pdf version to Goldman\u2019s synthesis of football and economic analysis as applied to Egypt: \u201cAn economic recovery to match a footballing renaissance\u2026While there are still significant risks of delivery, so far the [reform] programme has been surprisingly successful: the current account deficit is gradually correcting alongside inflation and business, and investor confidence has been restored.\u201d<\/p><p><strong>Okay, but who does Goldman think will win the World Cup? <\/strong>Not the Pharaohs, who GS suggests won\u2019t make it to the group of 16: \u201cEngland meets Germany in the quarters, where Germany wins; and Germany meets Brazil in the final, and Brazil prevails.\u201d<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We\u2019re Tracking This Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/what-were-tracking-this-week-7\/\">\r\n                            What we\u2019re tracking this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/what-were-tracking-this-week-7\/\" 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\/12\/what-were-tracking-this-week-7\/')\">\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\/12\/what-were-tracking-this-week-7\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking this week&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/what-were-tracking-this-week-7\/\">\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\/12\/what-were-tracking-this-week-7\/&title=What we\u2019re tracking this week\">\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 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/what-were-tracking-this-week-7\/837-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/837.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"837.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/837.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/837.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627791\" class=\"content-area-description single-story post-627791 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-this-week tag-enterpriseam tag-what-were-tracking-this-week wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s T-minus two days until the World Cup kicks off in Moscow, <\/strong>withthe first match being played between Russia and Saudi Arabia, two of the lowest-ranked teams in the competition. That bodes well for us, but the Pharaohs don\u2019t seem set to do that much better without Mohamed Salah, who (the nation hopes) will lead us out of that very same group. Whether Salah will play in Egypt\u2019s match against Uruguay \u2014 our first in the championship and the most difficult for the national team at the group stage \u2014 remains uncertain, Egypt\u2019s national team doctor tells <a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/06\/11\/sports\/soccer\/ap-soc-wcup-egypt-salah.html\">the Associated Press<\/a>. You can <a href=\"https:\/\/www.telegraph.co.uk\/world-cup\/2018\/06\/09\/world-cup-2018-fixtures-match-schedule-results-dates-tournament\/\">tap or click here for the full World Cup schedule<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627795\" 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=\"627795\">\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\">ON THE HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/on-the-horizon-10\/\">\r\n                            On the horizon                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/on-the-horizon-10\/\" 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\/12\/on-the-horizon-10\/')\">\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\/12\/on-the-horizon-10\/\">\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=On the horizon&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/on-the-horizon-10\/\">\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\/12\/on-the-horizon-10\/&title=On the horizon\">\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=On+the+horizon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Fon-the-horizon-10%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\/12\/on-the-horizon-10\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627795\" class=\"content-area-description single-story post-627795 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>Call your dad this coming Sunday: <\/strong>It\u2019s father\u2019s day in Canada, Ireland, Mexico, the UK and the United States, among other countries. Not in Egypt, though: Depending on who you ask, Egypt (a) doesn\u2019t have Father\u2019s Day or (b) celebrates it on Thursday, 21 June.<\/p>\n<p><strong>Conveniently, 21 June is the first day of summer. <\/strong>Just sayin\u2019.<\/p>\n<p><strong>The central bank\u2019s Monetary Policy Committee meets on 28 June<\/strong> to decide on interest rates.<\/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,<\/strong> access to mentorship for agritech startups through its \u201cDigitalAG4Egypt\u201d program. The deadline for submissions is 1 July. <a href=\"https:\/\/www.digitalag4egypt.com\/\">Tap or click here for more information<\/a>.<\/p>\n\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=\"627796\" 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=\"627796\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/the-creature-named-okasha-looks-set-to-return-to-the-airwaves-when-talk-shows-return-from-ramadan-hiatus\/\">\r\n                            The Creature Named Okasha looks set to return to the airwaves when talk shows return from Ramadan hiatus                        <\/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\/12\/the-creature-named-okasha-looks-set-to-return-to-the-airwaves-when-talk-shows-return-from-ramadan-hiatus\/\" 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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Make it deep. Crawl into it. Pull the earth in on top of yourself. <\/strong>We can think of no other way to cope with the news that the creature named Tawfik Okasha is returning to television after Eid. That\u2019s right, folks: Okasha, the enemy (the Anti-Murrow if you will) of that is good in broadcast media (not that there is much of it) will reportedly return to host his \u201cMisr Al Youm\u201d program on the Assema channel twice a week, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1968157.aspx\">according to Al Ahram<\/a>. The channel released a <a href=\"https:\/\/www.youtube.com\/watch?v=wiEG7IuLLHY\">45-second promo<\/a> earlier this week. Okasha\u2019s comeback comes nearly a month after a court accepted his appeal against a one-year <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/14\/tv-presenter-tawfik-okasha-arrested-for-forging-his-phd-diploma\/\">prison sentence<\/a> and EGP 5,000 fine for faking his PhD diploma. The former MP had earlier been kicked out of the House of Representatives for a variety of misdeeds and had previously been convicted of assault after beating his wife. Needless to say, we will do whatever we can to minimize his appearances in Last Night\u2019s Talk Shows when our roundup returns after Eid.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627798\" 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=\"627798\">\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\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/exclusive-smes-could-get-a-massive-tax-break-if-they-join-the-formal-economy\/\">\r\n                            EXCLUSIVE- SMEs could get a massive tax break if they join the formal economy                        <\/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\/12\/exclusive-smes-could-get-a-massive-tax-break-if-they-join-the-formal-economy\/\" 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\/12\/exclusive-smes-could-get-a-massive-tax-break-if-they-join-the-formal-economy\/')\">\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\/12\/exclusive-smes-could-get-a-massive-tax-break-if-they-join-the-formal-economy\/\">\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=EXCLUSIVE- SMEs could get a massive tax break if they join the formal economy&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/exclusive-smes-could-get-a-massive-tax-break-if-they-join-the-formal-economy\/\">\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\/12\/exclusive-smes-could-get-a-massive-tax-break-if-they-join-the-formal-economy\/&title=EXCLUSIVE- SMEs could get a massive tax break if they join the formal economy\">\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=EXCLUSIVE-+SMEs+could+get+a+massive+tax+break+if+they+join+the+formal+economy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Fexclusive-smes-could-get-a-massive-tax-break-if-they-join-the-formal-economy%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\/12\/exclusive-smes-could-get-a-massive-tax-break-if-they-join-the-formal-economy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627798\" class=\"content-area-description single-story post-627798 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-02\"><\/a> <strong>EXCLUSIVE- SMEs could get a massive tax break if they join the formal economy: <\/strong>A Finance Ministry committee tasked with drafting a new SMEs Act has proposed that small businesses earning more than EGP 1 mn a year (and less than a ceiling that has yet to be determined) pay a nominal 1% tax on their revenues under new legislation now in the drafting stage, sources from the ministry and Tax Authority told Enterprise this week.<\/p>\n<p><strong>Small businesses earning anything below that amount will be divided into three tiers and charged a flat tax based on their top line<\/strong>, the sources confirm. We had <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/07\/finance-ministry-looks-to-make-it-even-easier-for-smes-to-become-taxpayers\/\">reported last month<\/a> that businesses with annual revenues of EGP 250k or less would face a fixed tax bill of EGP 2,000 per year under the proposal. Those with top lines between EGP 251-500k would pay EGP 5,000 a year, while enterprises making EGP 501k-1 mn would be taxed EGP 10,000. <strong>The brackets are designed to widen the tax base<\/strong> by giving incentives for small businesses to join the formal economy.<\/p>\n<p><strong>New definition of \u2018small business\u2019 under the proposed act? <\/strong>The committee is currently studying a new universal definition for SMEs, which will likely be based not only on revenues, but also <strong>the size of the company\u2019s paid-in capital<\/strong>, the sources tell us. The maximum revenue threshold to qualify for the special 1% tax rate would be worked out as part of that process. The new definition of what constitutes an SME would have to be adopted by the Central Bank of Egypt, the Tax Authority and the Trade and Industry Ministry, all of whom are already working from a compromise definition agreed to last year.<\/p>\n<p><strong>Other incentives are still under study. <\/strong>The tax breaks aren\u2019t the only incentives that could be on offer for small businesses that decide to go legit: The committee is reportedly considering offering perks including further tax exemptions for a period of time, lower prices for power consumption, covering social insurance costs, and issuing expedited temporary permits for the installation of utilities and infrastructure, among others. Sources had previously told us that access to water and electricity would be conditional on a business registering with the Tax Authority.<\/p>\n<p><strong>The act would also impose penalties and sanctions for violations<\/strong>, according to our sources. These may include provisions that give the Finance Minister greater power to crackdown on fraud and attempts to manipulate or trick the system to gain access to benefits granted to SMEs under the law.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627810\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627811\" 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=\"627811\">\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\/12\/another-quiet-day-for-egypt-in-the-intl-press\/\">\r\n                            Another quiet day for Egypt in the int\u2019l press                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/another-quiet-day-for-egypt-in-the-intl-press\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/another-quiet-day-for-egypt-in-the-intl-press\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/another-quiet-day-for-egypt-in-the-intl-press\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Another quiet day for Egypt in the int\u2019l press&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/another-quiet-day-for-egypt-in-the-intl-press\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/another-quiet-day-for-egypt-in-the-intl-press\/&title=Another quiet day for Egypt in the int\u2019l press\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Another+quiet+day+for+Egypt+in+the+int%E2%80%99l+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Fanother-quiet-day-for-egypt-in-the-intl-press%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/another-quiet-day-for-egypt-in-the-intl-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627811\" class=\"content-area-description single-story post-627811 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s another quiet day for Egypt in the int\u2019l press, with coverage dominated by Ethiopia and World Cup. <\/strong>Coverage of Egypt in the foreign press remained squarely focused on positive developments on the Ethiopian front and the World Cup opener against Uruguay in just a few days\u2019 time.<\/p>\n<p>Other headlines that might be worth a minute or two of your time this morning:<\/p>\n<ul>\n<li><strong>An Algerian-made short film highlights \u201cjoblessness, corruption and inequality\u201d in Egypt<\/strong> and other countries in the region \u201cafter Arab Spring optimism turned sour,\u201d Salah Slimani and Caroline Alexander <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-11\/a-youthful-nation-tiring-of-its-aging-leaders-finds-a-voice\">write for Bloomberg<\/a>. <\/li>\n<li><strong>Egypt-born NBA prospect Anas Mahmoud<\/strong> wants to see basketball growing in popularity in Egypt, <a href=\"https:\/\/rollingout.com\/2018\/06\/11\/nba-draft-prospect-shares-passion-for-growing-the-game-in-egypt\/\">according to Rolling Out<\/a>. <\/li>\n<li><strong>Egypt\u2019s water desalination and purification methods may be in need of an upgrade<\/strong>, suggests a study cited by <a href=\"https:\/\/www.middle-east-online.com\/en\/water-purification-technology-needed-investment-mena-countries\">Middle East Online<\/a>. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627812\" 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=\"627812\">\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\/12\/another-day-another-round-of-commentary-on-the-madbouly-cabinet\/\">\r\n                            Another day, another round of commentary on the Madbouly Cabinet                        <\/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\/12\/another-day-another-round-of-commentary-on-the-madbouly-cabinet\/\" target=\"_blank\">\n                    Open in new tab     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            <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Another day, another round of commentary on the Madbouly Cabinet&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/another-day-another-round-of-commentary-on-the-madbouly-cabinet\/\">\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\/12\/another-day-another-round-of-commentary-on-the-madbouly-cabinet\/&title=Another day, another round of commentary on the Madbouly Cabinet\">\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=Another+day%2C+another+round+of+commentary+on+the+Madbouly+Cabinet+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Fanother-day-another-round-of-commentary-on-the-madbouly-cabinet%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\/12\/another-day-another-round-of-commentary-on-the-madbouly-cabinet\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627812\" class=\"content-area-description single-story post-627812 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>Columnists remain fixated on the changes taking place with Cabinet<\/strong>, particularly when it comes to how the incoming government will handle the economic reform agenda. <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=11062018&id=e21ece43-4d76-4f95-8b89-553dd4c1e19d\">Al Shorouk\u2019s<\/a> Ziad Bahaa El Din urges the new government to focus on developing services and work programs that would improve citizens\u2019 living standards and counteract some of the burdens of reform. Talaat Ismail shares the sentiment, saying <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=11062018&id=ac5c5299-832a-4f33-a23b-a274ab7f2808\">in a separate column<\/a> that these measures are necessary to keep people from reaching their breaking point with tough austerity measures.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-deadline\/\">On Deadline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627813\" 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=\"627813\">\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 reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/investments-in-renewables-now-outshine-conventional-energy-sources\/\">\r\n                            Investments in renewables now outshine conventional energy sources                        <\/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\/12\/investments-in-renewables-now-outshine-conventional-energy-sources\/\" 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\/12\/investments-in-renewables-now-outshine-conventional-energy-sources\/')\">\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\/12\/investments-in-renewables-now-outshine-conventional-energy-sources\/\">\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=Investments in renewables now outshine conventional energy sources&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/investments-in-renewables-now-outshine-conventional-energy-sources\/\">\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\/12\/investments-in-renewables-now-outshine-conventional-energy-sources\/&title=Investments in renewables now outshine conventional energy sources\">\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=Investments+in+renewables+now+outshine+conventional+energy+sources+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Finvestments-in-renewables-now-outshine-conventional-energy-sources%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\/12\/investments-in-renewables-now-outshine-conventional-energy-sources\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1233.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627814\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/investments-in-renewables-now-outshine-conventional-energy-sources\/1233-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1233.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1233.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1233.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1233.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627813\" class=\"content-area-description single-story post-627813 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Investment in renewables has overtaken conventional energy sources: <\/strong>After years of government incentives such as tax breaks and subsidies, private investment in renewables has now overtaken that in fossil fuel and nuclear power, writes <a href=\"https:\/\/www.wsj.com\/articles\/global-investment-in-wind-and-solar-energy-is-outshining-fossil-fuels-1528718400\">Russell Gold for the Wall Street Journal<\/a>. In 2016, about USD 297 bn was spent on renewables \u2014 more than twice the USD 143 bn spent on new nuclear, coal, gas and fuel-fired power plants, according to data from the International Energy Agency (IEA). More than half of the power-generating capacity added around the world in recent years has been in renewable sources such as wind and solar, with IEA projecting that renewables will make up 56% of net generating capacity added through 2025.<\/p>\n<p><strong>It\u2019s not just government support for the renewables industry that\u2019s making a difference: <\/strong>Renewable costs have fallen so far in the past few years that \u201c<strong>wind and solar now represent the lowest-cost option for generating electricity<\/strong>,\u201d said Francis O\u2019Sullivan, research director of the Massachusetts Institute of Technology\u2019s Energy Initiative. Chinese government policies have also created a glut in the global market of very cheap and easily accessible solar panels. Innovation has also allowed wind power costs to fall significantly. With these lower costs, which are now comparable to those of fossil fuel sources, and threats to fossil fuel energy development from climate change policies in developed countries, it is perhaps not surprising that emerging markets are now increasingly looking to them for their energy needs.<\/p>\n<p><strong>You need look no further than here in Egypt to see the impact of this shift.<\/strong> The European Bank for Reconstruction and Development, the Asian Infrastructure and Investment Bank, and the International Finance Corporation have poured around USD 2 bn in investments in the Benban solar park alone. A EGP 3.5 bn solar park in the West Nile area is <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/30\/oc-elsewedy-masdar-acwa-compete-for-egp-3-5-bn-solar-park-in-west-nile\/\">seeing interest from the likes of ACWA and Masdar<\/a>. While the <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/03\/after-the-success-of-fit-for-solar-is-the-govt-abandoning-fit-for-wind\/\">feed-in tariff program for wind has stalled<\/a>, the Gulf of Suez area has already drawn interest from a host of major companies including Masdar, <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/12\/ismail-cabinet-signs-off-on-egp-200-bn-egypt-sovereign-wealth-fund\/\">Engie, Toyota Tsusho<\/a>, <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/02\/elsewedy-marubeni-masdar-consortium-seeks-funding-for-usd-900-mn-wind-projects-as-govt-drags-feet-on-regulatory-approvals-2\/\">Marubeni<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/21\/electricity-ministry-presses-forward-with-hamrawein-power-plant\/\">Siemens<\/a>in developing wind farms there.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627815\" 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=\"627815\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/british-spies-develop-cyber-immune-system-using-ai\/\">\r\n                            British spies develop cyber immune system using AI                        <\/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\/12\/british-spies-develop-cyber-immune-system-using-ai\/\" 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\/12\/british-spies-develop-cyber-immune-system-using-ai\/')\">\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\/12\/british-spies-develop-cyber-immune-system-using-ai\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=British spies develop cyber immune system using AI&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/british-spies-develop-cyber-immune-system-using-ai\/\">\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\/12\/british-spies-develop-cyber-immune-system-using-ai\/&title=British spies develop cyber immune system using AI\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=British+spies+develop+cyber+immune+system+using+AI+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Fbritish-spies-develop-cyber-immune-system-using-ai%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\/12\/british-spies-develop-cyber-immune-system-using-ai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/545.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627816\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/british-spies-develop-cyber-immune-system-using-ai\/545-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/545.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"545.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/545.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/545.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627815\" class=\"content-area-description single-story post-627815 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>Computer virus, meet computer antibodies:<\/strong> A team of mathematicians and British ex-spooks from Cambridge University created a cyber-defense system that mimics the human immune system. It uses artificial intelligence to identify hackers and stop them before they hit network systems, <a href=\"https:\/\/edition.cnn.com\/videos\/world\/2018\/01\/26\/cybersecurity-great-by-design-orig-lon.cnn\/video\/playlists\/intl-great-by-design\/\">CNN reports<\/a>. In creating Darktrace, software that attempts to secure corporate and government network, the British team aims to spearhead an industry shift away from old school anti-viruses and firewalls towards intelligent code for more efficient cyber security systems.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627817\" 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=\"627817\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/gulf-countries-take-credit-for-bringing-egypt-and-ethiopia-closer-together\/\">\r\n                            Gulf countries take credit for bringing Egypt and Ethiopia closer together?                        <\/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\/12\/gulf-countries-take-credit-for-bringing-egypt-and-ethiopia-closer-together\/\" 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\/12\/gulf-countries-take-credit-for-bringing-egypt-and-ethiopia-closer-together\/')\">\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\/12\/gulf-countries-take-credit-for-bringing-egypt-and-ethiopia-closer-together\/\">\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=Gulf countries take credit for bringing Egypt and Ethiopia closer together?&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/gulf-countries-take-credit-for-bringing-egypt-and-ethiopia-closer-together\/\">\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\/12\/gulf-countries-take-credit-for-bringing-egypt-and-ethiopia-closer-together\/&title=Gulf countries take credit for bringing Egypt and Ethiopia closer together?\">\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=Gulf+countries+take+credit+for+bringing+Egypt+and+Ethiopia+closer+together%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Fgulf-countries-take-credit-for-bringing-egypt-and-ethiopia-closer-together%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\/12\/gulf-countries-take-credit-for-bringing-egypt-and-ethiopia-closer-together\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627817\" class=\"content-area-description single-story post-627817 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>Gulf countries take credit for bringing Egypt and Ethiopia closer together? <\/strong>Officials from the UAE, Kuwait, and Saudi Arabia reportedly put a lot of effort over the last several months in pushing Ethiopia to resolve its outstanding dispute with Egypt over the Grand Ethiopian Renaissance Dam (GERD), an unnamed diplomat <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=11062018&id=36c683b1-c6b4-472a-9424-e7d8ddf18cf1\">tells Al Shorouk<\/a>, claiming the Gulf countries even pledged more investments to Addis Ababa. Pressure from the GCC may even see Ethiopia agree to push its schedule for filling the dam\u2019s reservoir to have it stretch over a period of 7-10 years instead of the current plan of three years. Egypt has been worried that the fast pace at which Ethiopia plans to fill its reservoir would impact its Nile water supply. The statements come <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/11\/have-egypt-and-ethiopia-finally-reached-middle-ground-on-gerd\/\">one day after<\/a> President Abdel Fattah El Sisi and Ethiopian Prime Minister Abiy Ahmed reached a breakthrough in the years-long talks on the GERD, agreeing to adopt a joint vision on the dam that respects the other\u2019s goals and interests.<\/p>\n<p><strong>Egypt takes further steps in turning a new leaf with Ethiopia:<\/strong> Egypt also released 32 Ethiopian prisoners on Sunday during Ahmed\u2019s three-day visit to Cairo, <a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/egypt-frees-32-ethiopian-prisoners-during-pms-visit\/2018\/06\/11\/0ec4a0d0-6d5a-11e8-b4d8-eaf78d4c544c_story.html?utm_term=.8d036cd4774a\">the Associated Press reports.<\/a> The freed prisoners will arrive in Addis Ababa later on Monday, <a href=\"https:\/\/twitter.com\/fitsumaregaa\/status\/1006062774634663936\">according to a tweet<\/a> by Ahmed\u2019s Chief of Staff Fitsum Arega. Egypt had also promised to help locate the bodies of 38 Ethiopians killed by Daesh in Libya in 2015, Arega adds.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627819\" 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=\"627819\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/eetc-issues-tender-for-control-center-in-benban-as-developers-complain-of-infrastructure-issues\/\">\r\n                            EETC issues tender for control center in Benban as developers complain of infrastructure issues                        <\/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\/12\/eetc-issues-tender-for-control-center-in-benban-as-developers-complain-of-infrastructure-issues\/\" 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\/12\/eetc-issues-tender-for-control-center-in-benban-as-developers-complain-of-infrastructure-issues\/')\">\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\/12\/eetc-issues-tender-for-control-center-in-benban-as-developers-complain-of-infrastructure-issues\/\">\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=EETC issues tender for control center in Benban as developers complain of infrastructure issues&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/eetc-issues-tender-for-control-center-in-benban-as-developers-complain-of-infrastructure-issues\/\">\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\/12\/eetc-issues-tender-for-control-center-in-benban-as-developers-complain-of-infrastructure-issues\/&title=EETC issues tender for control center in Benban as developers complain of infrastructure issues\">\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=EETC+issues+tender+for+control+center+in+Benban+as+developers+complain+of+infrastructure+issues+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Feetc-issues-tender-for-control-center-in-benban-as-developers-complain-of-infrastructure-issues%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\/12\/eetc-issues-tender-for-control-center-in-benban-as-developers-complain-of-infrastructure-issues\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627819\" class=\"content-area-description single-story post-627819 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.19b0e543-abe7-401f-a29e-cb508f6fca1d.mp3\"><\/audio><\/figure>\n<p>The Egyptian Electricity Transmission Company (EETC) issued a tender for a control center in Aswan\u2019s USD 2.8 bn Benban solar park, according to <a href=\"https:\/\/alborsanews.com\/2018\/06\/11\/1110241\">company sources<\/a>. The new center will manage the solar power plants under phase two of the feed-in tariff program, monitor production and progress on the development. ABB, Schneider, Siemens, General Electric, and NR Energy have all expressed interest and the EETC will begin receiving their financial offers next month and announce the winning bidder in August, the sources add. The tender comes as <a href=\"https:\/\/alborsanews.com\/2018\/06\/11\/1110049\">developers complain<\/a> of delays in infrastructure development at the site.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627820\" 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=\"627820\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/accorhotels-occupancy-rates-in-cairo-exceed-85\/\">\r\n                            AccorHotels occupancy rates in Cairo exceed 85%                        <\/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\/12\/accorhotels-occupancy-rates-in-cairo-exceed-85\/\" 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\/12\/accorhotels-occupancy-rates-in-cairo-exceed-85\/')\">\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\/12\/accorhotels-occupancy-rates-in-cairo-exceed-85\/\">\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=AccorHotels occupancy rates in Cairo exceed 85%&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/accorhotels-occupancy-rates-in-cairo-exceed-85\/\">\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\/12\/accorhotels-occupancy-rates-in-cairo-exceed-85\/&title=AccorHotels occupancy rates in Cairo exceed 85%\">\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=AccorHotels+occupancy+rates+in+Cairo+exceed+85%25+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Faccorhotels-occupancy-rates-in-cairo-exceed-85%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\/12\/accorhotels-occupancy-rates-in-cairo-exceed-85\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627820\" class=\"content-area-description single-story post-627820 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\/.1101a94e-26d0-4e9a-b7f6-5515de2330d6.mp3\"><\/audio><\/figure>\n<p>AccorHotels\u2019 room occupancy rates are up significantly across their properties in Egypt, with rates in Cairo alone exceeding 85%, Managing Director Salah Oumouden <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=11062018&id=7082c0ba-0fce-4b92-ba24-a652f0f722e5\">tells Al Shorouk<\/a>. Room bookings for the summer holidays rose 7% y-o-y compared to the same period last year, he added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627821\" 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=\"627821\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/telecoms-are-not-happy-about-the-government-imposed-fee-hike-on-phone-lines\/\">\r\n                            Telecoms are not happy about the government-imposed fee hike on phone lines                        <\/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\/12\/telecoms-are-not-happy-about-the-government-imposed-fee-hike-on-phone-lines\/\" 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\/12\/telecoms-are-not-happy-about-the-government-imposed-fee-hike-on-phone-lines\/')\">\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\/12\/telecoms-are-not-happy-about-the-government-imposed-fee-hike-on-phone-lines\/\">\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=Telecoms are not happy about the government-imposed fee hike on phone lines&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/telecoms-are-not-happy-about-the-government-imposed-fee-hike-on-phone-lines\/\">\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\/12\/telecoms-are-not-happy-about-the-government-imposed-fee-hike-on-phone-lines\/&title=Telecoms are not happy about the government-imposed fee hike on phone lines\">\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=Telecoms+are+not+happy+about+the+government-imposed+fee+hike+on+phone+lines+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Ftelecoms-are-not-happy-about-the-government-imposed-fee-hike-on-phone-lines%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\/12\/telecoms-are-not-happy-about-the-government-imposed-fee-hike-on-phone-lines\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627821\" class=\"content-area-description single-story post-627821 post type-post status-publish format-standard hentry category-telecoms-ict tag-enterpriseam tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.9382223a-4212-45ee-b6d9-ee1c8fb1dfbb.mp3\"><\/audio><\/figure>\n<p>Mobile network operators are not too pleased that the government <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/06\/house-passes-fy2018-19-budget\/\">passed a bill imposing<\/a> extra fees on mobile lines, <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1299233\">according to Al Masry Al Youm<\/a>. The move will adversely impact sales of new phone lines, said Orange Egypt VP Ashraf Halim. Sales are already hurting since the National Telecommunications Regulatory Authority (NTRA) forced MNOs to sell new phone lines only through their own distribution channels, he added. MNOs will be meeting with the NTRA to discuss how to implement the new fees. Buying a new line will cost consumers EGP 70, up from EGP 20 previously, while those with a monthly payment plan will see a EGP 10 monthly increase across the board.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627822\" 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=\"627822\">\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\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/have-the-govt-and-the-house-reversed-their-positions-on-settling-building-code-violations\/\">\r\n                            Have the gov\u2019t and the House reversed their positions on settling building code violations?                        <\/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\/12\/have-the-govt-and-the-house-reversed-their-positions-on-settling-building-code-violations\/\" 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\/12\/have-the-govt-and-the-house-reversed-their-positions-on-settling-building-code-violations\/')\">\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\/12\/have-the-govt-and-the-house-reversed-their-positions-on-settling-building-code-violations\/\">\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=Have the gov\u2019t and the House reversed their positions on settling building code violations?&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/have-the-govt-and-the-house-reversed-their-positions-on-settling-building-code-violations\/\">\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\/12\/have-the-govt-and-the-house-reversed-their-positions-on-settling-building-code-violations\/&title=Have the gov\u2019t and the House reversed their positions on settling building code violations?\">\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=Have+the+gov%E2%80%99t+and+the+House+reversed+their+positions+on+settling+building+code+violations%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Fhave-the-govt-and-the-house-reversed-their-positions-on-settling-building-code-violations%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\/12\/have-the-govt-and-the-house-reversed-their-positions-on-settling-building-code-violations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627822\" class=\"content-area-description single-story post-627822 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-legislation-policy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a7822c94-a1e7-4b21-92cc-274832a9e183.mp3\"><\/audio><\/figure>\n<p>House of Representatives chatter leaking into the press indicates that the government and parliament\u2019s Housing Committee appear to have switched positions on legislation governing the settling of building code violations. Committee member Mohamed Abdel Ghany <a href=\"https:\/\/alborsanews.com\/2018\/06\/11\/1110081\">is saying<\/a> that the committee would like to set a punitive fee of 15% of the property\u2019s value for developers to settle on building code violations, while the government wants a standard fee of EGP 100 per sqm, a substantially smaller amount. <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/16\/parliament-and-govt-dispute-differ-on-building-violation-fees\/\">Previous coverage of the legislation<\/a> suggested that it was in fact the Housing Ministry that wants to set a fee of 25% of the property\u2019s value, while the committee wants fees lowered to 5-10%. The committee and the government plan to settle the issue after the Eid break, said Abdel Ghany.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627823\" 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=\"627823\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/govt-is-in-talks-with-investors-to-participate-in-sinai-development-projects\/\">\r\n                            Gov\u2019t is in talks with investors to participate in Sinai development projects                        <\/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\/12\/govt-is-in-talks-with-investors-to-participate-in-sinai-development-projects\/\" 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\/12\/govt-is-in-talks-with-investors-to-participate-in-sinai-development-projects\/')\">\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\/12\/govt-is-in-talks-with-investors-to-participate-in-sinai-development-projects\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t is in talks with investors to participate in Sinai development projects&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/govt-is-in-talks-with-investors-to-participate-in-sinai-development-projects\/\">\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\/12\/govt-is-in-talks-with-investors-to-participate-in-sinai-development-projects\/&title=Gov\u2019t is in talks with investors to participate in Sinai development projects\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+is+in+talks+with+investors+to+participate+in+Sinai+development+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F12%2Fgovt-is-in-talks-with-investors-to-participate-in-sinai-development-projects%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\/12\/govt-is-in-talks-with-investors-to-participate-in-sinai-development-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627823\" class=\"content-area-description single-story post-627823 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\/.2503fead-3d77-4401-b7eb-86bdad524e73.mp3\"><\/audio><\/figure>\n<p>The government is in talks with several private sector investors from different sectors to participate in its development projects in the Sinai Peninsula, Tahya Misr Fund board of trustees member <a href=\"https:\/\/alborsanews.com\/2018\/06\/11\/1110263\">Reham Abu Ismail says<\/a>. Work on the first 500k feddans phase of the development project is expected to begin after the Eid El Fitr break, according to Abu Ismail. The Housing Ministry had rolled out its EGP 32 bn development strategy for Sinai, which relies heavily on incentivizing investors to do business in the peninsula, <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/27\/housing-ministry-rolls-out-ambitious-egp-32-bn-sinai-development-strategy\/\">earlier this year<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627825\" 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=\"627825\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/627825\/\">\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\/12\/627825\/\" 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\/12\/627825\/')\">\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\/12\/627825\/\">\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\/12\/627825\/\">\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\/12\/627825\/&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%2F12%2F627825%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\/12\/627825\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627825\" class=\"content-area-description single-story post-627825 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 17.80 | Sell 17.90<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.78 | Sell 17.88<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Monday): 15,921 (-1.4%)<br \/>\n <strong>Turnover:<\/strong> EGP 1 bn (91% BELOW the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +6.0%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session down 1.4%. CIB, the index heaviest constituent ended down 1.7%. EGX30\u2019s top performing constituents were Abu Dhabi Islamic Bank up 1.7%, and Pioneers Holding up 1.6% and AMOC up 1.3%. Yesterday\u2019s worst performing stocks were Egyptian Iron and Steel down 5.2%, Eastern Co down 4.3%, and Heliopolis Housing down 3.4%. The market turnover was EGP 1 bn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +63.3 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -10.4 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -52.9 mn<\/p>\n<p><strong>Retail<\/strong>: 28.9% of total trades | 28.6% of buyers | 29.2% of sellers<br \/>\n <strong>Institutions<\/strong>: 71.1% of total trades | 71.4% of buyers | 70.8% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 58.7% of total | 61.9% of buyers | 55.6% of sellers<br \/>\n <strong>Regional:<\/strong> 5.9% of total | 5.4% of buyers | 6.5% of sellers<br \/>\n <strong>Domestic:<\/strong> 35.3% of total | 32.7% of buyers | 38.0% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 66.12 (+0.03%)<br \/>\n <strong>Brent:<\/strong> USD 76.47 (+0.01%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.96 MMBtu, (+0.34%, July 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,302.20 \/ troy ounce (-0.07%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 8,243.97 (-0.42%) (YTD: +14.08%)<br \/>\n <strong>ADX:<\/strong> 4,733.39 (+0.89%) (YTD: +7.62%)<br \/>\n <strong>DFM:<\/strong> 3,097.38 (+1.41%) (YTD: -8.09%)<br \/>\n <strong>KSE Premier Market:<\/strong> 4,754.33 (-0.62%)<br \/>\n <strong>QE:<\/strong> 9,203.32 (-0.23%) (YTD: +7.98%)<br \/>\n <strong>MSM:<\/strong> 4,602.78 (+0.03%) (YTD: -9.74%)<br \/>\n <strong>BB: <\/strong>1,281.17 (+0.52%) (YTD: -3.80%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627826\" 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\/12\/627826\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627826\" class=\"content-area-description single-story post-627826 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\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":627786,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-627785","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3b758b45-6748-47b9-8463-30e0f636cdb8","teaser":"","photo_url":"https:\/\/ent.news\/2015\/7\/124.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>New electricity prices to be unveiled today, will come into effect on 1 July as expected - 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\/new-electricity-prices-to-be-unveiled-today-will-come-into-effect-on-1-july-as-expected\/\" \/>\n<meta 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