{"id":627836,"date":"2018-06-13T04:25:48","date_gmt":"2018-06-13T04:25:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=627836"},"modified":"2025-12-17T09:59:01","modified_gmt":"2025-12-17T09:59:01","slug":"electricity-prices-to-rise-an-average-of-26-as-early-as-next-month","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/","title":{"rendered":"Electricity prices to rise an average of 26% as early as next month"},"content":{"rendered":"<section id=\"627838\" 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=\"627838\">\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\/13\/what-were-tracking-on-13-june-2018\/\">\r\n                            What we\u2019re tracking on 13 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\/13\/what-were-tracking-on-13-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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today marks the first step towards making that dream a reality,\u201d the statement reads. No further details were provided on the agreement or when and where the first branch outside of Egypt will be inaugurated.<\/p><p><strong>We look forward to the end of Ramadan so that we may order Zooba\u2019s hawawshi<\/strong> at 8am for a late breakfast. Yes, for breakfast. Zooba\u2019s hawawshi, not Wheaties, is <a href=\"https:\/\/m.youtube.com\/watch?v=CGaxdEwF4Ns\">the breakfast of champions<\/a>. Order it extra crispy (you may thank us later).<\/p><p><strong>We\u2019re still waiting for news of the incoming Madbouly cabinet. <\/strong>As of a few minutes before dispatch time, there was plenty of speculation in the domestic press on who was in and who was out, and absolutely nothing new to report. Government sources had primed the media to expect Prime Minister-designate Mostafa Madbouly to unveil the new Council of Ministers before the holiday long weekend.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Abraaj could file for provisional liquidation in the Cayman Islands as early as this week<\/strong> ahead of a court hearing for a liquidation petition filed by Kuwait\u2019s Public Institution for Social Security and scheduled for 29 June. While the date for the filing is yet to be set, \u201ca court-supervised provisional liquidation would allow Abraaj to restructure debt, negotiate with creditors and sell assets\u2026[and] allow a moratorium on the holding company\u2019s unsecured claims,\u201d sources close to the matter <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-12\/abraaj-holdings-said-to-plan-filing-for-provisional-liquidation\">tell Bloomberg<\/a>. The company has been battling allegations it used investor funds for corporate purposes and is trying to restructure in a bid to <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/05\/what-were-tracking-on-05-june-2018\/\">settle debt obligations<\/a>. Management had met with creditors last week, and there\u2019s a USD 125 mn bid for the firm\u2019s asset management arm in the works. The <a href=\"https:\/\/www.ft.com\/content\/08f99e3e-6e5f-11e8-852d-d8b934ff5ffa\">Financial Times<\/a> quotes one person \u201cclose to the process\u201d as suggesting that Abraaj has \u201cno other option\u201d but to file for provisional liquidation.<\/p><p><strong>It\u2019s not just the Kuwaitis who are gunning for Abraaj: <\/strong>The salmon-colored newspaper reports that Auctus Fund (<a href=\"http:\/\/www.auctusfundllc.com\">probably this outfit<\/a>) has also applied in the Cayman Islands for the winding up of Abraaj\u2019s asset management arm. It is also claiming that a debt of just over USD 100 mn (about the same amount the Kuwaiti pension fund says it is owed) is yet to be repaid.<\/p><p><strong>It\u2019s Fed day:<\/strong> The US Federal Reserve\u2019s <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\">Federal Open Market Committee<\/a> will conclude its two day meeting today, wand the wags see an interest rate hike in the works in view of <a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed\/with-rate-hike-in-the-bag-focus-turns-to-feds-policy-language-idUSKBN1J80DA\">data showing<\/a> inflation is still meeting Fed expectations and financial markets remaining calm despite rising global trade tensions. Emerging market central banks are keeping a close eye on what the Fed does; the Central Bank of Egypt next reviews rates on 28 June.<\/p><p><strong>Trump and Kim Jong were in the same room and the world didn\u2019t end. <\/strong>US President Donald Trump and North Korean leader Kim Jong Un met yesterday in Singapore in what the <a href=\"https:\/\/www.whitehouse.gov\/briefings-statements\/joint-statement-president-donald-j-trump-united-states-america-chairman-kim-jong-un-democratic-peoples-republic-korea-singapore-summit\/\">US State Department<\/a> has described as an \u201cepochal event of great significance in overcoming decades of tensions and hostilities.\u201d The two leaders agreed to turn over a new leaf in their diplomatic relations, with Trump promising to suspend joint US military exercises with South Korea and Kim reaffirming his commitment to the \u201ccomplete denuclearization of the Korean Peninsula.\u201d<\/p><p><strong>US State Secretary Mike Pompeo will take the lead on future talks<\/strong>, which will focus on implementing the outcomes of yesterday\u2019s summit (<a href=\"https:\/\/www.nytimes.com\/2018\/06\/12\/world\/asia\/trump-kim-meeting-interpreter.html\">The New York Times sums them up nicely here<\/a>). The next meeting will be held \u201cat the earliest possible date.\u201d <strong>Egypt\u2019s Foreign Ministry welcomed the positive developments from the summit<\/strong> in a <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/2050317145040221\">statement yesterday<\/a>, which was hailed as a step forward in defusing global tensions.<\/p><p><strong>Emerging markets pioneer Mark Mobius is drooling over DPRK: <\/strong>The longtime Templeton boss, who has since gone on to found Mobius Capital Partners, is excited about investment prospects that would be opened up if North Korea became part of the global financial system. It\u2019s not just a \u201cbuild-from-the-ground-up\u201d frontier play, he says: \u201cThe most exciting thing is the opportunity to have a bridge between South Korea, China and Russia. Because then you would be able to have railroads and roads going north through North Korea into these huge nations.\u201d (<a href=\"https:\/\/www.cnbc.com\/2018\/06\/12\/investment-guru-mark-mobius-says-north-korea-presents-a-tremendous-opportunity.html\">CNBC<\/a>)<\/p><p><strong>Aramco wants to invest in global petchem projects, but does anyone want to invest in KSA infrastructure opportunities?<\/strong> State-owned oil giant Saudi Aramco is looking at downstream opportunities, <a href=\"https:\/\/www.reuters.com\/article\/us-saudi-aramco-downstream-exclusive\/exclusive-saudi-aramco-eyes-partnerships-as-it-expands-refining-petrochems-idUSKBN1J81M9\">Reuters reports<\/a> in an exclusive, writing that the oil giant is moving ahead with multi-bn USD projects in China, India and Malaysia and \u201c<strong>aims to finalize new partnerships this year<\/strong>.\u201d But back at home, it\u2019s looking less likely that foreign investors are salivating about the chance to invest in Saudi infrastructure \u2014 <a href=\"https:\/\/www.ft.com\/content\/49aa1610-6992-11e8-8cf3-0c230fa67aec\">Blackstone is said to be offering discounts<\/a> to convince investors to join its USD 40 bn infrastructure fund, an \u201cinitiative hailed as an early success for President Donald Trump\u2019s mercantilist foreign policy.\u201d<\/p><p><strong>Ah, alphabet soup: Meet the ESG ETF. <\/strong>Goldman Sachs and hedgie Paul Tudor Jones are spinning up an exchange-traded fund focused on impact investing, saying it will <a href=\"https:\/\/www.ft.com\/content\/020e289e-6e53-11e8-852d-d8b934ff5ffa?tagToFollow=980562d6-2db0-4b25-a349-b83d4b86bea7\">invest in companies that are \u201cdriving positive change.\u201d<\/a> Please don\u2019t get us started.<\/p><p>In other miscellany this morning:<\/p><ul>\n<li><strong>Look for more mega-mergers in US media and telecoms <\/strong>after a judge ruled late yesterday that AT&amp;T could go ahead with its \u201cblockbuster\u201d USD 80 bn acquisition of Time Warner. (<a href=\"https:\/\/www.wsj.com\/articles\/judge-is-set-to-decide-whether-at-t-and-time-warner-can-merge-1528832942?mod=hp_lead_pos4&amp;mod=article_inline\">WSJ<\/a> and also <a href=\"https:\/\/www.wsj.com\/articles\/green-light-for-at-t-deal-sets-up-comcasts-fox-bid-merger-frenzy-1528840347\">WSJ<\/a>)<\/li>\n<li><strong>Morgan Stanley is spending about USD 4 bn each year on tech<\/strong>, the company\u2019s CEO says, or about 40% of its total expense budget excluding compensation. (<a href=\"http:\/\/www.businessinsider.com\/morgan-stanleys-ceo-let-it-slip-just-how-many-billions-the-bank-is-spending-on-tech-2018-6\">Business Insider<\/a>) <\/li>\n<li><strong>China really isn\u2019t sure it wants Wall Street investment banks <\/strong>to come into the world\u2019s second-largest economy, it seems, because its pledge to ease foreign ownership limits on securities firms comes with a very large catch. (<a href=\"https:\/\/www.wsj.com\/articles\/wall-street-investment-banks-face-new-hurdle-in-china-1528811470\">Wall Street Journal<\/a>)<\/li>\n<li><strong>Hacked press releases case goes to trial:<\/strong> Two men are standing trial in the US over claims they made USD 20 mn trading on insider information they picked up by hacking business information sites to get access to press releases that hadn\u2019t already been made public. (<a href=\"https:\/\/www.reuters.com\/article\/us-usa-crime-insidertrading-cyber\/trial-begins-in-20-million-insider-trading-case-over-hacked-press-releases-idUSKBN1J82Y0\">Reuters<\/a>)<\/li>\n<li><strong>FYROM has a new name:<\/strong> The Former Yugoslav Republic of Macedonia is now called North Macedonia after coming to a compromise with Greece that could see North Macedonia gain membership in NATO and join the European Union. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-12\/rep-of-macedonia-is-said-to-end-name-row-with-neighbor-greece\">Bloomberg<\/a>)<\/li>\n<li><strong>Meet the guys who tape Trump\u2019s papers back together. <\/strong>The Donald rips up paper. The problem: He\u2019s supposed to give almost every scrap of it to an archivist. (<a href=\"https:\/\/www.politico.com\/story\/2018\/06\/10\/trump-papers-filing-system-635164\">Politico<\/a>)<\/li>\n<li><strong>Take time management advice from Ryan Seacrest<\/strong>, who is unapologetically one of the busiest people in media. (<a href=\"https:\/\/www.nytimes.com\/2018\/06\/12\/fashion\/mens-style\/ryan-seacrest-works-out.html\">New York Times<\/a>)<\/li>\n<\/ul><p><strong>PSA- Get your blood pressure checked.<\/strong> Elevated blood pressure at age 50 is <a href=\"https:\/\/www.nytimes.com\/2018\/06\/12\/well\/high-blood-pressure-at-age-50-tied-to-dementia-risk.html?mabReward=CBMG1&amp;recid=15wQpCKpHqDoLicMeleOenP4vjv&amp;recp=2&amp;action=click&amp;pgtype=Homepage&amp;region=CColumn&amp;module=Recommendation&amp;src=rechp&amp;WT.nav=RecEngine\">linked to an increased risk of dementia later in life<\/a>, a new study reports.<\/p><p><strong>It\u2019s a four day weekend: <\/strong>Banks, the stock market and the government have all declared a four day weekend in observance of the Eid El Fitr break, which begins on Friday. Enterprise is off on Sunday and Monday, but we\u2019ll be back in your inboxes on Tuesday morning.<\/p><p><strong>So, when do we eat?<\/strong> For those of us observing, Maghrib is at 6:57 pm CLT today. You\u2019ll have until 3:08 am tomorrow to finish your sohour.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627839\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align 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          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\/13\/what-were-tracking-this-week-8\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/what-were-tracking-this-week-8\/')\">\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\/13\/what-were-tracking-this-week-8\/\">\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\/13\/what-were-tracking-this-week-8\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n     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       \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\/13\/what-were-tracking-this-week-8\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627840\" class=\"content-area-description single-story post-627840 post type-post status-publish format-standard 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>The World Cup kicks off tomorrow: <\/strong>The world\u2019s most-watched sports event will finally kick off in a little over 24 hours, with the first match being played between Russia and Saudi Arabia. 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<p><strong>State TV looks likely to air 22 matches, including any game in which the Pharaohs play and the finals. <\/strong>While FIFA has yet to grant it permission to broadcast the games, the <a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=1658707284248296&id=356341247818246\">National Media Authority (NMA) claims<\/a> it will move along with plans to broadcast the matches without charge on state television. The Egyptian Competition Authority had issued a <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/11\/is-the-eca-trying-to-force-fifa-to-broadcast-the-world-cup-without-charge-in-egypt\/\">statement on Sunday<\/a> ordering FIFA to grant the NMA rights to broadcast the games, claiming that the football body\u2019s contract with Qatar\u2019s beIN Sports for exclusive broadcasting rights in the region was awarded under an unfair tender process. The ECA says <strong>COMESA has <\/strong><a href=\"http:\/\/www.eca.org.eg\/ECA\/Upload\/News\/Attachment_A\/6268\/%D8%A8%D9%8A%D8%A7%D9%86%20%D8%B5%D8%AD%D9%81%D9%8A%20_%20%D9%85%D9%81%D9%88%D8%B6%D9%8A%D8%A9%20%D8%A7%D9%84%D9%85%D9%86%D8%A7%D9%81%D8%B3%D8%A9%20%D9%81%D9%8A%20%D9%85%D9%86%D8%B8%D9%85%D8%A9%20%D8%A7%D9%84%D9%83%D9%88%D9%85%D9%8A%D8%B3%D8%A7%20%D8%AA%D9%81%D8%AA%D8%AD%20%D8%AA%D8%AD%D9%82%D9%8A%D9%82%20%D8%B6%D8%AF%20%D8%A7%D9%84%D9%81%D9%8A%D9%81%D8%A7.pdf\"><strong>launched a probe (pdf)<\/strong><\/a><strong> into allegations that FIFA engaged in unfair practices<\/strong>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627841\" 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=\"627841\">\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\/13\/on-the-horizon-11\/\">\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\/13\/on-the-horizon-11\/\" 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\/13\/on-the-horizon-11\/')\">\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\/13\/on-the-horizon-11\/\">\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\/13\/on-the-horizon-11\/\">\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\/13\/on-the-horizon-11\/&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%2F13%2Fon-the-horizon-11%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\/13\/on-the-horizon-11\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627841\" class=\"content-area-description single-story post-627841 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>White House special adviser Jared Kushner and US Middle East envoy Jason Greenblatt will reportedly visit Egypt <\/strong>during a Middle East tour that starts next week, <a href=\"https:\/\/www.timesofisrael.com\/us-peace-envoys-to-visit-israel-saudi-arabia-egypt-next-week-for-talks\/\">Times of Israel reports<\/a>. The tour, which will also take the officials to Israel and Saudi Arabia, will focus largely on \u201csolving some of the remaining issues in the [Arab-Israeli] peace plan,\u201d according to an unnamed US official.<\/p>\n<p><strong>This coming Sunday is father\u2019s day<\/strong> 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\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=\"627842\" 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=\"627842\">\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\/13\/amr-adib-signs-with-saudi-arabias-mbc\/\">\r\n                            Amr Adib signs with Saudi Arabia\u2019s MBC                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Amr Adib signs with Saudi Arabia\u2019s MBC&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/amr-adib-signs-with-saudi-arabias-mbc\/\">\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\/13\/amr-adib-signs-with-saudi-arabias-mbc\/&title=Amr Adib signs with Saudi Arabia\u2019s MBC\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n           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data-attachment-id=\"627843\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/amr-adib-signs-with-saudi-arabias-mbc\/1620-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1620.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1620.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1620.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1620.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627842\" class=\"content-area-description single-story post-627842 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Amr Adib casts his lot with MBC. <\/strong>Veteran talk show host Amr Adib has signed a two-year contract to join Saudi Arabia\u2019s MBC satellite network following his <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/02\/amr-adib-resigns-thanaweya-amma-gets-new-facelift\/\">sudden on-air resignation<\/a> from ON\u2019s Kol Youm, <a href=\"https:\/\/www.facebook.com\/Turkialalshik\/videos\/267609353807223\/\">according to a video<\/a> posted by Saudi General Sports Authority head Turki Al-Sheikh, who witnessed the signing of the contract. \u201cThis is the most expensive broadcaster in the Middle East, an Arab Larry King,\u201d Al Sheikh joked in the clip.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627844\" 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=\"627844\">\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\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/\">\r\n                            Electricity prices to rise an average of 26% as early as next month                        <\/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\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/\" 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\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/')\">\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\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/\">\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=Electricity prices to rise an average of 26% as early as next month&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/\">\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\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/&title=Electricity prices to rise an average of 26% as early as next month\">\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=Electricity+prices+to+rise+an+average+of+26%25+as+early+as+next+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Felectricity-prices-to-rise-an-average-of-26-as-early-as-next-month%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\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627844\" class=\"content-area-description single-story post-627844 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>Electricity prices are jumping by an average of nearly 21% for households, more than 40% for industry: <\/strong>As of the 1 July start to the government\u2019s new fiscal year, electricity prices are going up an average of 26%, said Electricity Minister Mohamed Shaker yesterday as he unveiled long-awaited details on the phase-out of electricity subsidies. Households will see an average rate increase of 20.9%, while prices for industrial use will jump by an average 41.8%. The ministry released a<a href=\"http:\/\/gate.ahram.org.eg\/Media\/News\/2018\/6\/12\/2018-636644085479919129-991.pdf\">detailed account and breakdown (pdf)<\/a> of next year\u2019s electricity prices, including the subsidy costs of the electricity sold.<\/p>\n<p><strong>Food producers and retailers are the first to not-so-subtly telegraph that they\u2019re going to be hiking prices<\/strong>, <a href=\"https:\/\/alborsanews.com\/2018\/06\/12\/1110569\">saying yesterday<\/a> that prices will rise in the coming months, particularly when you factor in the increase in the cost of piped water prices <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/03\/govt-raises-piped-water-prices-by-up-to-46-5\/\">earlier this month<\/a>. We had <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/03\/obour-land-domty-plan-to-set-2-4-price-hike\/\">previously reported<\/a> that cheesemakers Obour Land and Domty believed product prices would rise 2-4% later this year to cope with an expected rise in costs.<\/p>\n<p>So, what does the new pricing structure look like? For household customers:<\/p>\n<ul>\n<li><strong>0-50 KWh per month<\/strong>: prices will go up 69% to <strong>EGP 0.22\/KWh<\/strong>, with the state paying a total of EGP 1.9 bn in subsidies;<\/li>\n<li><strong>51-100 KWh per month:<\/strong> prices will go up 36% to <strong>EGP 0.30\/KWh<\/strong>, with the state paying a total of EGP 3.2 bn in subsidies;<\/li>\n<li><strong>101-200 KWh per month**:<\/strong> prices will go up 33% to <strong>EGP 0.36\/KWh<\/strong>, with the state paying a total of EGP 19.5 bn in subsidies;<\/li>\n<li><strong>201-350 KWh per month:<\/strong> prices will go up 27% to <strong>EGP 0.70\/KWh<\/strong>, with the state paying a total of EGP 14.9 bn in subsidies;<\/li>\n<li><strong>351-650 KWh per month:<\/strong> prices will go up 20% to <strong>EGP 0.90\/KWh<\/strong>, with the state paying a total of EGP 7.3 bn in subsidies;<\/li>\n<li><strong>651-1,000 KWh per month: <\/strong>prices will go up 8% to <strong>EGP 1.35\/KWh<\/strong>, with the state paying a total of EGP 1.2 bn in subsidies;<\/li>\n<li>Average consumption <strong>higher than 1,000 KWh per month<\/strong> will see prices go up 7.5% to <strong>EGP 1.45\/KWh for their entire consumption<\/strong>, with the state paying a total of EGP 1.1 bn in subsidies. <\/li>\n<\/ul>\n<p>(** Consumers using more than 100 KWh and less than 201 KWh a month will pay for their <i>entire consumption<\/i> \u2014 from 0 to 200 KWh \u2014 at a single unified rate of EGP 0.36\/KWh.)<\/p>\n<p>The average breakdown for commercial consumers is as follows:<\/p>\n<ul>\n<li><strong>0-100 KWh per month:<\/strong> prices will go up to <strong>EGP 0.55\/KWh<\/strong>;<\/li>\n<li><strong>101-250 KWh per month:<\/strong> prices will go up to <strong>EGP 1.00\/KWh<\/strong>;<\/li>\n<li><strong>251-600 KWh per month:<\/strong> prices will go up to <strong>EGP 1.15\/KWh<\/strong>;<\/li>\n<li><strong>601-1,000 KWh per month:<\/strong> prices will go up to <strong>EGP 1.45\/KWh<\/strong>;<\/li>\n<li>Average consumption <strong>higher than 1,000 KWh per month<\/strong> will see prices go up to EGP 1.50\/KWh as a single unified rate for their entire consumption<\/li>\n<\/ul>\n<p>The average breakdown of industrial prices (measured in KV) is as follows:<\/p>\n<ul>\n<li><strong>132-220 KV per month:<\/strong> prices will go up to <strong>EGP 0.96\/KWh<\/strong>;<\/li>\n<li><strong>33-66 KV per month:<\/strong> prices will go up to <strong>EGP 1.01\/KWh<\/strong>;<\/li>\n<li><strong>11-22 KV per month:<\/strong> prices will go up to <strong>EGP 1.05\/KWh<\/strong>;<\/li>\n<li><strong>380 V per month:<\/strong> prices will go up to <strong>EGP 1.10\/KWh<\/strong>.<\/li>\n<\/ul>\n<p>Agricultural facilities will pay an <strong>average of EGP 0.80\/KWh<\/strong>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627855\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627856\" 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=\"627856\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/rising-oil-prices-could-push-political-tension-in-ems-to-their-boiling-point\/\">\r\n                            Rising oil prices could push political tension in EMs to their boiling point                        <\/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\/13\/rising-oil-prices-could-push-political-tension-in-ems-to-their-boiling-point\/\" 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\/13\/rising-oil-prices-could-push-political-tension-in-ems-to-their-boiling-point\/')\">\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\/13\/rising-oil-prices-could-push-political-tension-in-ems-to-their-boiling-point\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            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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=Rising+oil+prices+could+push+political+tension+in+EMs+to+their+boiling+point+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Frising-oil-prices-could-push-political-tension-in-ems-to-their-boiling-point%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\/13\/rising-oil-prices-could-push-political-tension-in-ems-to-their-boiling-point\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/753.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627857\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/rising-oil-prices-could-push-political-tension-in-ems-to-their-boiling-point\/753-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/753.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"753.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/753.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/753.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627856\" class=\"content-area-description single-story post-627856 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-enterpriseam tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Rising oil prices could drive political tensions in emerging markets to a boiling point<\/strong>, Steve Johnson <a href=\"https:\/\/www.ft.com\/content\/5eedc07a-6998-11e8-8cf3-0c230fa67aec\">writes for the FT<\/a>. Higher fuel prices have already led to mass protests in Brazil, Jordan, and Morocco, and analysts see other emerging markets such as Argentina, Turkey, and Mexico as particularly susceptible to the same scenario unfolding. These countries are already facing several challenges, including a potential reversal of capital flows, a \u201c\u2018sharp\u2019 deterioration in their terms of trade,\u201d and a strengthening USD that has made EMs less attractive. \u201cAcross EM oil importers as a whole, inflation would be 0.7 percentage points higher on average between 2018 and 2020, than under Oxford Economics\u2019 baseline forecast of USD 85-a-barrel oil. Economic output would be 0.7 percentage points lower.\u201d<\/p>\n<p><strong>The prognosis:<\/strong> Oil-importing EMs will likely be forced to tighten their monetary policy to counteract weak economic growth. Central bank interest rates in all EMs except China are expected to rise to an average of 6.86% by March 2019, up from 6.34% currently. Developed countries with advanced economies, meanwhile, would probably only be \u201cmodestly\u201d impacted by the rising prices, which means these countries will be able to maintain a loose monetary policy.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/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=\"627858\" 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=\"627858\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/egypt-in-the-news-on-13-june-2018\/\">\r\n                            Egypt in the News on 13 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\/13\/egypt-in-the-news-on-13-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/egypt-in-the-news-on-13-june-2018\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/egypt-in-the-news-on-13-june-2018\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 13 June 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/egypt-in-the-news-on-13-june-2018\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/egypt-in-the-news-on-13-june-2018\/&title=Egypt in the News on 13 June 2018\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+13+June+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fegypt-in-the-news-on-13-june-2018%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/egypt-in-the-news-on-13-june-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627858\" class=\"content-area-description single-story post-627858 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>There\u2019s nothing new to report on Egypt in the international press<\/strong> unless you count a really lazy, paper-thin story from <a href=\"https:\/\/www.forbesmiddleeast.com\/en\/billionaire-naguib-sawiris-could-make-a-windfall-if-the-us-lifts-north-korea-sanctions\/\">Forbes Middle East<\/a> suggesting that Naguib Sawiris \u201cstands to profit immensely\u201d from North Korea opening up to foreign investment. Sawiris has already admitted that he has lost de facto control of Koryolink, his JV with the government in Pyongyang.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627859\" 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=\"627859\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/this-is-what-passes-for-economic-commentary\/\">\r\n                            This is what passes for economic commentary\u2026                        <\/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\/13\/this-is-what-passes-for-economic-commentary\/\" 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\/13\/this-is-what-passes-for-economic-commentary\/')\">\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\/13\/this-is-what-passes-for-economic-commentary\/\">\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=This is what passes for economic commentary\u2026&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/this-is-what-passes-for-economic-commentary\/\">\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\/13\/this-is-what-passes-for-economic-commentary\/&title=This is what passes for economic commentary\u2026\">\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=This+is+what+passes+for+economic+commentary%E2%80%A6+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fthis-is-what-passes-for-economic-commentary%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\/13\/this-is-what-passes-for-economic-commentary\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627859\" class=\"content-area-description single-story post-627859 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>This is what passes for economic commentary: It will take a lot more than tax incentives to encourage small businesses to go legit <\/strong>and join the formal economy, Ahmed Galal (briefly a cabinet member under the Beblawy government and perennial think-tank type) writes for <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1299147\">Al Masry Al Youm<\/a>. Businesses that operate informally do so to avoid the bureaucratic hassle that cuts into their time (as well as their profits) by requiring them to pay fees, taxes, social insurance, and the like. This means that any scheme designed to reel these businesses into the formal ecosystem must include guarantees that their profits would remain largely intact and measures to ensure easy access to bank loans and other forms as financing, among other perks.<\/p>\n<p><strong>Easy access to bank credit for a dude making EGP 1 mn a year who has never bothered to register to pay taxes? <\/strong>Genius idea.<\/p>\n<p><strong>Guarantees you won\u2019t take home less by going legit?<\/strong> Does that qualify as Neo-Neo-Nasserism?<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-deadline\/\">On Deadline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627860\" 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=\"627860\">\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\/13\/a-tiny-welsh-car-runs-on-hydrogen-emits-only-h2o\/\">\r\n                            A tiny Welsh car runs on hydrogen, emits only H2O                        <\/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\/13\/a-tiny-welsh-car-runs-on-hydrogen-emits-only-h2o\/\" 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\/13\/a-tiny-welsh-car-runs-on-hydrogen-emits-only-h2o\/')\">\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\/13\/a-tiny-welsh-car-runs-on-hydrogen-emits-only-h2o\/\">\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=A tiny Welsh car runs on hydrogen, emits only H2O&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/a-tiny-welsh-car-runs-on-hydrogen-emits-only-h2o\/\">\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\/13\/a-tiny-welsh-car-runs-on-hydrogen-emits-only-h2o\/&title=A tiny Welsh car runs on hydrogen, emits only H2O\">\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=A+tiny+Welsh+car+runs+on+hydrogen%2C+emits+only+H2O+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fa-tiny-welsh-car-runs-on-hydrogen-emits-only-h2o%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\/13\/a-tiny-welsh-car-runs-on-hydrogen-emits-only-h2o\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/115.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627861\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/a-tiny-welsh-car-runs-on-hydrogen-emits-only-h2o\/115-jpg-34\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/115.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"115.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/115.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/115.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627860\" class=\"content-area-description single-story post-627860 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>Not a bad substitute for 80-octane fuel and dirty mazot. <\/strong>Riversimple, a small independent car manufacturer in rural Wales, have got their hopes up that hydrogen vehicles can play a vital part in the future of transport. Dubbing their handbuilt car Rasa, the aerodynamic two-seater weighs just 580 kg. Each of the car\u2019s four wheels has a motor, powered by hydrogen running through a fuel cell. When the hydrogen combines with oxygen it produces electricity to power the motors, with water as a byproduct, according to CNN. The car apparently only takes three minutes to refuel, has a range of 500 km and a top speed of 96 km\/h.<\/p>\n<p><strong>The catch?<\/strong> \u201cUntil the refueling infrastructure exists for hydrogen, then it will always be a bit part player compared to battery electric.\u201d Riversimple will run trials for 20 Rasa vehicles in Monmouthshire early next year (<a href=\"https:\/\/edition.cnn.com\/videos\/world\/2017\/03\/11\/orig-great-by-design-paint.cnn\/video\/playlists\/intl-great-by-design\/\">watch, runtime: 3:38<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627862\" 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=\"627862\">\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\/13\/el-sisi-reaffirms-egypts-commitment-to-resolving-syrian-crisis-through-diplomatic-channels\/\">\r\n                            El Sisi reaffirms Egypt\u2019s commitment to resolving Syrian crisis through diplomatic channels                        <\/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\/13\/el-sisi-reaffirms-egypts-commitment-to-resolving-syrian-crisis-through-diplomatic-channels\/\" 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\/13\/el-sisi-reaffirms-egypts-commitment-to-resolving-syrian-crisis-through-diplomatic-channels\/')\">\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\/13\/el-sisi-reaffirms-egypts-commitment-to-resolving-syrian-crisis-through-diplomatic-channels\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi reaffirms Egypt\u2019s commitment to resolving Syrian crisis through diplomatic channels&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/el-sisi-reaffirms-egypts-commitment-to-resolving-syrian-crisis-through-diplomatic-channels\/\">\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\/13\/el-sisi-reaffirms-egypts-commitment-to-resolving-syrian-crisis-through-diplomatic-channels\/&title=El Sisi reaffirms Egypt\u2019s commitment to resolving Syrian crisis through diplomatic channels\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+reaffirms+Egypt%E2%80%99s+commitment+to+resolving+Syrian+crisis+through+diplomatic+channels+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fel-sisi-reaffirms-egypts-commitment-to-resolving-syrian-crisis-through-diplomatic-channels%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\/13\/el-sisi-reaffirms-egypts-commitment-to-resolving-syrian-crisis-through-diplomatic-channels\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627862\" class=\"content-area-description single-story post-627862 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>El Sisi meets UN Syria envoy, reaffirms importance of diplomatic resolution:<\/strong> President Abdel Fattah El Sisi reaffirmed Egypt\u2019s commitment to resolving the Syrian crisis through diplomatic channels during a meeting yesterday with UN Special Envoy for Syria Staffan de Mistura, according to <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/photos\/a.153526355166753.1073741828.153405978512124\/393866984466021\/?type=3&theater\">an Ittihadiya statement<\/a>. El Sisi also stressed the importance of preventing further escalations in Syria\u2019s civil war to protect the region\u2019s security and stability. De Mistura had also met with Foreign Minister Sameh Shoukry <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/12\/shoukry-meets-un-special-envoy-for-syria-to-discuss-political-resolution\/\">one day earlier for similar talks<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627863\" 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=\"627863\">\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\/13\/empower-to-build-beheira-wte-power-plant-under-ipp-framework\/\">\r\n                            Empower to build Beheira WtE power plant under IPP framework                        <\/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\/13\/empower-to-build-beheira-wte-power-plant-under-ipp-framework\/\" 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\/13\/empower-to-build-beheira-wte-power-plant-under-ipp-framework\/')\">\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\/13\/empower-to-build-beheira-wte-power-plant-under-ipp-framework\/\">\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=Empower to build Beheira WtE power plant under IPP framework&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/empower-to-build-beheira-wte-power-plant-under-ipp-framework\/\">\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\/13\/empower-to-build-beheira-wte-power-plant-under-ipp-framework\/&title=Empower to build Beheira WtE power plant under IPP framework\">\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=Empower+to+build+Beheira+WtE+power+plant+under+IPP+framework+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fempower-to-build-beheira-wte-power-plant-under-ipp-framework%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\/13\/empower-to-build-beheira-wte-power-plant-under-ipp-framework\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627863\" class=\"content-area-description single-story post-627863 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\/.22a6112b-97b4-4bdf-8046-6556da5e4c82.mp3\"><\/audio><\/figure>\n<p>Is Empower really the first company to receive an IPP license to sell electricity from waste? Energy group Empower has apparently won a contract to produce and sell electricity from its 24 MW waste-to-energy (WtE) plant in Beheira under an independent power producer (IPP) framework, according to statements attributed to CEO Hatem El Gamal <a href=\"http:\/\/www.almalnews.com\/Story\/378911\/59\/%D8%A5%D9%85%D8%A8%D8%A7%D9%88%D8%B1-%D8%AA%D9%82%D8%AA%D9%86%D8%B5-%D8%B9%D9%82%D8%AF-%D8%A3%D9%88%D9%84-%D9%85%D8%AD%D8%B7%D8%A9-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%85%D9%86-%D8%A7%D9%84%D8%A8%D9%8A%D9%88%D8%AC%D8%A7%D8%B2-%D8%A8%D9%86%D8%B8%D8%A7%D9%85-IPP\">by Al Mal<\/a>. Under the IPP framework \u2014 which allows private companies to directly sell power to consumers while paying the state a fee to use the national grid for transmission \u2014 Empower will sell electricity to dairy farms at EGP 1.35 per kWh for 20 years, he adds. Work on the EGP 98 mn project, is set to begin in 3Q2018 and be completed by mid-2019.<\/p>\n<p><strong>Industry types, set us straight, please:<\/strong> We can\u2019t remember hearing of any company receiving permission to sell waste-generated power under an IPP framework. As a matter of fact, <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/29\/eni-said-to-be-one-of-five-companies-looking-to-build-solar-power-station-under-ipp-framework\/\">last we heard<\/a>, the tariff structure for the framework had yet to be set by the ministry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627864\" 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=\"627864\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/kafr-el-sheikh-student-arrested-for-posting-thanaweya-amma-exam-online\/\">\r\n                            Kafr El Sheikh student arrested for posting Thanaweya Amma exam online                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/kafr-el-sheikh-student-arrested-for-posting-thanaweya-amma-exam-online\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/kafr-el-sheikh-student-arrested-for-posting-thanaweya-amma-exam-online\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/kafr-el-sheikh-student-arrested-for-posting-thanaweya-amma-exam-online\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Kafr El Sheikh student arrested for posting Thanaweya Amma exam online&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/kafr-el-sheikh-student-arrested-for-posting-thanaweya-amma-exam-online\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/kafr-el-sheikh-student-arrested-for-posting-thanaweya-amma-exam-online\/&title=Kafr El Sheikh student arrested for posting Thanaweya Amma exam online\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Kafr+El+Sheikh+student+arrested+for+posting+Thanaweya+Amma+exam+online+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fkafr-el-sheikh-student-arrested-for-posting-thanaweya-amma-exam-online%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/kafr-el-sheikh-student-arrested-for-posting-thanaweya-amma-exam-online\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627864\" class=\"content-area-description single-story post-627864 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.07d6e651-5f01-42a6-96dd-7a273ab07c73.mp3\"><\/audio><\/figure>\n<p>A student in Kafr El Sheikh was detained after he was identified as the culprit behind a leaked Thanaweya Amma English exam, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/302251\/Egypt\/Politics-\/Thanaweya-amma-English-exam-leaker-identified-by-s.aspx\">Ahram Online reports<\/a>. The Education Ministry was able to locate the student using the barcode on the exam booklet whose picture he posted with his phone while sitting for the exam. The Thanaweya Amma Arabic exam <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/04\/thanaweya-amma-arabic-exam-reportedly-leaked-posted-on-facebook\/\">had also been leaked<\/a> on social media earlier this month, when a student used his phone to send questions around to friends during the test, the ministry had said. The Interior Ministry <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/10\/has-the-state-finally-won-its-years-long-whack-a-mole-game-with-shou-ming\/\">announced a few days back<\/a> that it had arrested the administrator of the Shou Ming Facebook group, which has been leaking national exams since 2015.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627865\" 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=\"627865\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/marseilia-group-to-invest-egp-20-bn-in-egypt-projects-over-five-years\/\">\r\n                            Marseilia Group to invest EGP 20 bn in Egypt projects over five years                        <\/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\/13\/marseilia-group-to-invest-egp-20-bn-in-egypt-projects-over-five-years\/\" 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\/13\/marseilia-group-to-invest-egp-20-bn-in-egypt-projects-over-five-years\/')\">\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\/13\/marseilia-group-to-invest-egp-20-bn-in-egypt-projects-over-five-years\/\">\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=Marseilia Group to invest EGP 20 bn in Egypt projects over five years&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/marseilia-group-to-invest-egp-20-bn-in-egypt-projects-over-five-years\/\">\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\/13\/marseilia-group-to-invest-egp-20-bn-in-egypt-projects-over-five-years\/&title=Marseilia Group to invest EGP 20 bn in Egypt projects over five years\">\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=Marseilia+Group+to+invest+EGP+20+bn+in+Egypt+projects+over+five+years+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fmarseilia-group-to-invest-egp-20-bn-in-egypt-projects-over-five-years%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\/13\/marseilia-group-to-invest-egp-20-bn-in-egypt-projects-over-five-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627865\" class=\"content-area-description single-story post-627865 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.1a6599c8-a7bb-4bba-9764-76276fa2dcbb.mp3\"><\/audio><\/figure>\n<p>\u00a0Real estate developer Marseilia Group is planning to invest EGP 20 bn in projects across Cairo, Alexandria and the North Coast over the next five years, Chairman Sherif Heliw <a href=\"https:\/\/www.mubasher.info\/news\/3300117\/%D9%85%D8%B1%D8%B3%D9%8A%D9%84%D9%8A%D8%A7-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B6%D8%AE-20-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AE%D9%84%D8%A7%D9%84-5-%D8%B3%D9%86%D9%88%D8%A7%D8%AA\">tells Mubasher<\/a>. The company had submitted a request to the New Administrative Capital Company for Urban Development (NACCUD) to acquire 100 feddans for a residential project, but the request is still pending approval, he adds.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627866\" 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=\"627866\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/tpa-considers-extending-jwt-contract-for-egypts-tourism-promotional-campaigns-abroad\/\">\r\n                            TPA considers extending JWT contract for Egypt\u2019s tourism promotional campaigns abroad                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/tpa-considers-extending-jwt-contract-for-egypts-tourism-promotional-campaigns-abroad\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/tpa-considers-extending-jwt-contract-for-egypts-tourism-promotional-campaigns-abroad\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/tpa-considers-extending-jwt-contract-for-egypts-tourism-promotional-campaigns-abroad\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TPA considers extending JWT contract for Egypt\u2019s tourism promotional campaigns abroad&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/tpa-considers-extending-jwt-contract-for-egypts-tourism-promotional-campaigns-abroad\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/tpa-considers-extending-jwt-contract-for-egypts-tourism-promotional-campaigns-abroad\/&title=TPA considers extending JWT contract for Egypt\u2019s tourism promotional campaigns abroad\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TPA+considers+extending+JWT+contract+for+Egypt%E2%80%99s+tourism+promotional+campaigns+abroad+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Ftpa-considers-extending-jwt-contract-for-egypts-tourism-promotional-campaigns-abroad%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/tpa-considers-extending-jwt-contract-for-egypts-tourism-promotional-campaigns-abroad\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627866\" class=\"content-area-description single-story post-627866 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\/.d68c82f3-96f8-4113-8bb8-784f66c560ce.mp3\"><\/audio><\/figure>\n<p>The Tourism Promotion Authority (TPA) might be extending advertising agency JWT\u2019s contract, due to expire this September, TPA head Ahmed Youssef <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12062018&id=ef8e3da9-d6a9-45d5-ac4d-9d300022ff3d\">tells Al Shorouk.<\/a> Tourism Minister Rania Al Mashat <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/10\/tourism-ministry-to-relaunch-papyrus-private-equity-tourism-fund-to-issue-tender-for-new-promotional-campaign\/\">said in April<\/a> that the ministry would issue a tender for PR companies to manage Egypt\u2019s tourism promotional campaigns abroad in August, after its existing contract with JWT expires.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627867\" 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=\"627867\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/is-this-100-arab-car-thing-legit-and-will-it-be-produced-in-egypt\/\">\r\n                            Is this \u201c100% Arab car\u201d thing legit? And will it be produced in Egypt?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/is-this-100-arab-car-thing-legit-and-will-it-be-produced-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/is-this-100-arab-car-thing-legit-and-will-it-be-produced-in-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/is-this-100-arab-car-thing-legit-and-will-it-be-produced-in-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Is this \u201c100% Arab car\u201d thing legit? And will it be produced in Egypt?&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/is-this-100-arab-car-thing-legit-and-will-it-be-produced-in-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/is-this-100-arab-car-thing-legit-and-will-it-be-produced-in-egypt\/&title=Is this \u201c100% Arab car\u201d thing legit? And will it be produced in Egypt?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Is+this+%E2%80%9C100%25+Arab+car%E2%80%9D+thing+legit%3F+And+will+it+be+produced+in+Egypt%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fis-this-100-arab-car-thing-legit-and-will-it-be-produced-in-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/is-this-100-arab-car-thing-legit-and-will-it-be-produced-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627867\" class=\"content-area-description single-story post-627867 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.bc8c8568-ea88-44b9-a453-74205274c2af.mp3\"><\/audio><\/figure>\n<p>Geyushi Motors, El Saba Automotive, Abou Ghali Automotive, and El Sharkawy Automotive are all in talks with the UAE\u2019s Sandstorm Auto over distribution rights and after-sale services in Egypt, MEA Regional Manager Karim Saleh <a href=\"http:\/\/www.almalnews.com\/Story\/378932\/18\/4-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%AA%D9%81%D8%A7%D9%88%D8%B6--%D8%B3%D8%A7%D9%86%D8%AF-%D8%B3%D8%AA%D9%88%D8%B1%D9%85-%D8%A3%D9%88%D8%AA%D9%88--%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%B9%D9%84%D9%89-%D9%88%D9%83%D8%A7%D9%84%D8%AA%D9%87%D8%A7\">tells Al Mal<\/a>. The Emirati company is currently reviewing the offers, he adds. A Sandstorm Auto delegation will visit Egypt later this month to inspect the capacities of the bidding companies. <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/11\/first-arab-produced-car-to-hit-the-market-in-june-2018\/\">Saleh had previously said<\/a> that the company, which plans to produce the first \u201c100% Arab-manufactured car,\u201d was seeking to establish a plant in Egypt and launch a production line that can export produced cars to Africa. We\u2019ve yet to hear anything legit on this from anyone but Saleh. This could be another PR-job courtesy of Al Mal.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627868\" 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=\"627868\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/nomp-signs-with-uaes-afrm-to-develop-ready-mix-concrete-project\/\">\r\n                            NOMP signs with UAE's AFRM to develop ready mix concrete project                        <\/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\/13\/nomp-signs-with-uaes-afrm-to-develop-ready-mix-concrete-project\/\" 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\/13\/nomp-signs-with-uaes-afrm-to-develop-ready-mix-concrete-project\/')\">\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\/13\/nomp-signs-with-uaes-afrm-to-develop-ready-mix-concrete-project\/\">\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=NOMP signs with UAE's AFRM to develop ready mix concrete project&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/nomp-signs-with-uaes-afrm-to-develop-ready-mix-concrete-project\/\">\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\/13\/nomp-signs-with-uaes-afrm-to-develop-ready-mix-concrete-project\/&title=NOMP signs with UAE's AFRM to develop ready mix concrete project\">\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=NOMP+signs+with+UAE%27s+AFRM+to+develop+ready+mix+concrete+project+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fnomp-signs-with-uaes-afrm-to-develop-ready-mix-concrete-project%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\/13\/nomp-signs-with-uaes-afrm-to-develop-ready-mix-concrete-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627868\" class=\"content-area-description single-story post-627868 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.70bd095c-d267-4d1f-95b3-64f8c6a08d86.mp3\"><\/audio><\/figure>\n<p>The National Organization for Military Production (NOMP) signed an MoU with UAE-based <a href=\"http:\/\/www.alfalahreadymix.com\/\">Al Falah Ready Mix<\/a> (AFRM) to study the possibility of establishing a JV to produce ready mix concrete for projects across the country, according to the <a href=\"https:\/\/www.facebook.com\/MOMPEGYPT\/posts\/2502937329731927\">Military Production Ministry<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627870\" 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=\"627870\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/house-reps-are-drafting-a-law-to-punish-subsidy-fraud\/\">\r\n                            House reps. are drafting a law to punish subsidy fraud                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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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=House+reps.+are+drafting+a+law+to+punish+subsidy+fraud+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fhouse-reps-are-drafting-a-law-to-punish-subsidy-fraud%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\/13\/house-reps-are-drafting-a-law-to-punish-subsidy-fraud\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627870\" class=\"content-area-description single-story post-627870 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\/.2eaa62a1-0d69-41ef-ba81-0581aa88bb62.mp3\"><\/audio><\/figure>\n<p>A draft law proposal seeking to impose heavier fines and penalties for subsidy fraud will has been tabled for discussion by Parliament\u2019s Legislative Committee, <a href=\"http:\/\/almalnews.com\/Story\/379026\/19\/%D8%A5%D8%AD%D8%A7%D9%84%D8%A9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%AA%D8%BA%D9%84%D9%8A%D8%B8-%D8%B9%D9%82%D9%88%D8%A8%D8%A9-%D8%B3%D8%A7%D8%B1%D9%82-%D8%A7%D9%84%D8%AF%D8%B9%D9%85-%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9%D9%8A%D8%A9-%D8%A8%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86\">Al Mal reports<\/a>. The bill looks to impose jail sentences of at least six months and fines of between EGP 20,000-1 mn, according to Rep. Seliman Fadl.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627871\" 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=\"627871\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/al-ahly-officially-to-be-headed-by-us-second-tier-league-head-coach\/\">\r\n                            Al Ahly officially to be headed by US second-tier league head coach                        <\/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\/13\/al-ahly-officially-to-be-headed-by-us-second-tier-league-head-coach\/\" 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\/13\/al-ahly-officially-to-be-headed-by-us-second-tier-league-head-coach\/')\">\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\/13\/al-ahly-officially-to-be-headed-by-us-second-tier-league-head-coach\/\">\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=Al Ahly officially to be headed by US second-tier league head coach&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/al-ahly-officially-to-be-headed-by-us-second-tier-league-head-coach\/\">\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\/13\/al-ahly-officially-to-be-headed-by-us-second-tier-league-head-coach\/&title=Al Ahly officially to be headed by US second-tier league head coach\">\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=Al+Ahly+officially+to+be+headed+by+US+second-tier+league+head+coach+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F13%2Fal-ahly-officially-to-be-headed-by-us-second-tier-league-head-coach%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\/13\/al-ahly-officially-to-be-headed-by-us-second-tier-league-head-coach\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627871\" class=\"content-area-description single-story post-627871 post type-post status-publish format-standard hentry category-_newspack_sports tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.37d56c52-042d-4f46-929f-ca2dd1398604.mp3\"><\/audio><\/figure>\n<p>Al Ahly football club has officially signed Patrice Carteron as its new coach, <a href=\"https:\/\/www.kingfut.com\/2018\/06\/11\/patrice-carteron-signs-al-ahly-contract\/\">according to King Fut<\/a>. The 47-year-old Frenchman, was the head coach of Phoenix Rising, a second-tier team in the US. He succeeds Hossam El Badry, who resigned last month following Al Ahly's loss against Kampala City in Uganda at the CAF Champions League. The job marks Carteron\u2019s return to Egypt after coaching Wadi Degla for less than a year in 2016.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627873\" 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=\"627873\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">19<\/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\/13\/627873\/\">\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\/13\/627873\/\" 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\/13\/627873\/')\">\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\/13\/627873\/\">\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\/13\/627873\/\">\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\/13\/627873\/&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%2F13%2F627873%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\/13\/627873\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627873\" class=\"content-area-description single-story post-627873 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 17.77 | Sell 17.87<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 15,938 (+0.1%)<br \/>\n <strong>Turnover:<\/strong> EGP 486 mn (56% BELOW the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +6.1%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session up 0.1%. CIB, the index heaviest constituent ended up 0.9%. EGX30\u2019s top performing constituents were EFG Hermes up 2.6%, Egypt Aluminum up 2.0% and Madinet Nasr Housing up 1.9%. Yesterday\u2019s worst performing stocks were Juhayna down 3.8%, Elsewedy Electric down 1.9%, and Eastern Co down 1.9%. The market turnover was EGP 486 mn, and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +60.3 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +5.9 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -66.1 mn<\/p>\n<p><strong>Retail<\/strong>: 39.5% of total trades | 38.4% of buyers | 40.6% of sellers<br \/>\n <strong>Institutions<\/strong>: 60.5% of total trades | 61.6% of buyers | 59.4% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 39.2% of total | 45.4% of buyers | 32.9% of sellers<br \/>\n <strong>Regional:<\/strong> 8.0% of total | 8.6% of buyers | 7.5% of sellers<br \/>\n <strong>Domestic:<\/strong> 52.8% of total | 46.0% of buyers | 59.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 66.02 (-0.51%)<br \/>\n <strong>Brent:<\/strong> USD 75.71 (-0.22%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.93 MMBtu, (-0.20%, July 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,299.10 \/ troy ounce (-0.02%)<\/p>\n<p><strong>TASI:<\/strong> 8,270.46 (+0.32%) (YTD: +14.45%)<br \/>\n <strong>ADX:<\/strong> 4,734.19 (+0.02%) (YTD: +7.63%)<br \/>\n <strong>DFM:<\/strong> 3,078.96 (-0.59%) (YTD: -8.64%)<br \/>\n <strong>KSE Premier Market:<\/strong> 4,780.96 (+0.56%)<br \/>\n <strong>QE:<\/strong> 9,160.97 (-0.46%) (YTD: +7.48%)<br \/>\n <strong>MSM:<\/strong> 4,598.18 (-0.10%) (YTD: -9.83%)<br \/>\n <strong>BB: <\/strong>1,287.91 (+0.53%) (YTD: -3.29%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627874\" 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\/13\/627874\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627874\" class=\"content-area-description single-story post-627874 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>14 June (Thursday): 2018 World Cup kickoff match between Russia and Saudi Arabia, Moscow, Russia.<\/p>\n<p>15 June (Friday): Egypt\u2019s first 2018 World Cup match against Uruguay, Yekaterinburg, Russia.<\/p>\n<p>15-17 June (Friday-Sunday): Eid Al Fitr (TBC), national holiday (Look for possible Monday off given the first day falls on a Friday).<\/p>\n<p>19 June (Tuesday): Egypt plays against Russia at 2018 World Cup, St. Petersburg, Russia.<\/p>\n<p>25 June (Monday): Egypt plays against Saudi Arabia at 2018 World Cup, Volgograd, Russia.<\/p>\n<p>28 June (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>1 July (Sunday): Application deadline for the DigitalAG4Egypt Challenge.<\/p>\n<p>23 July (Monday): Revolution Day, national holiday.<\/p>\n<p>16 August (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday.<\/p>\n<p>04-05 September (Tuesday-Wednesday): <a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a>, Cairo.<\/p>\n<p>10-13 September (Monday-Thursday): <a href=\"https:\/\/8londonconference.efghermes.com\/pages\/home.aspx\">EFG Hermes\u2019 8th Annual London Conference<\/a>, Emirates Arsenal Stadium, London.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"http:\/\/www.arqaamconference.com\/\">Arqaam Capital MENA Investors Conference 2018<\/a>, Four Seasons Resorts, Dubai.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a>, venue TBD.<\/p>\n<p>27 September (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>23-24 October (Tuesday-Wednesday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2018\/\">Intelligent Cities Exhibition & Conference 2018<\/a>, Fairmont Towers Heliopolis, Cairo.<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">First Egypt Defense Expo<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":627837,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-627836","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0b8323a2-2c81-4845-9ef6-c24b3b36bd89","teaser":"","photo_url":"https:\/\/ent.news\/2018\/6\/1483.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>Electricity prices to rise an average of 26% as early as next month - 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\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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