{"id":628029,"date":"2018-06-24T04:29:36","date_gmt":"2018-06-24T04:29:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=628029"},"modified":"2025-12-17T10:06:07","modified_gmt":"2025-12-17T10:06:07","slug":"opec-production-cut-gives-breathing-room-as-analysts-warn-on-too-much-reform-too-fast","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/opec-production-cut-gives-breathing-room-as-analysts-warn-on-too-much-reform-too-fast\/","title":{"rendered":"OPEC production cut gives breathing room as analysts warn on too much reform, too fast"},"content":{"rendered":"<section id=\"628031\" 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=\"628031\">\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\/24\/what-were-tracking-on-23-june-2018\/\">\r\n                            What we\u2019re tracking on 23 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\/24\/what-were-tracking-on-23-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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Madbouly had been expected to present his program to legislators yesterday, but reportedly wants his ministers (sworn in only on 14 June) to have more time. <strong>The big unveil could come on 30 June<\/strong>, according to House spokesman Salah Hasaballah.<\/p><p><strong>The House will vote today on the government\u2019s EGP 70 bn overdraft request<\/strong> for the FY2017-18 state budget, <a href=\"https:\/\/www.youm7.com\/story\/2018\/6\/23\/%D9%86%D9%86%D8%B4%D8%B1-%D8%A7%D9%84%D8%AA%D9%82%D8%B1%D9%8A%D8%B1-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86%D9%89-%D8%A8%D8%B4%D8%A3%D9%86-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A8%D9%81%D8%AA%D8%AD-%D8%A7%D8%B9%D8%AA%D9%85%D8%A7%D8%AF-%D8%A7%D8%B6%D8%A7%D9%81%D9%89-%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9\/3845184\">according to Youm7<\/a>. The overdraft, in large part to cover higher-than-planned spending on fuel, was originally scheduled to come up for a vote yesterday.<\/p><p><strong>The Tenders and Auctions Act had also been expected to go up for a vote <\/strong>during a plenary session yesterday, but we\u2019ve seen no confirmation the vote took place. The bill aims to streamline the tender process and set quotas for domestic components and SME contractors in state tenders.<\/p><p>The House will vote today on a presidential decree to <strong>extend the state of emergency for an additional three months <\/strong>retroactive to 1am CLT yesterday, <a href=\"https:\/\/www.youm7.com\/story\/2018\/6\/23\/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D9%86%D8%A7%D9%82%D8%B4-%D9%82%D8%B1%D8%A7%D8%B1-%D9%85%D8%AF-%D8%AD%D8%A7%D9%84%D8%A9-%D8%A7%D9%84%D8%B7%D9%88%D8%A7%D8%B1%D9%89%D8%A1-%D8%AE%D9%84%D8%A7%D9%84-%D8%A7%D9%84%D8%AC%D9%84%D8%B3%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D8%BA%D8%AF%D8%A7%D9%8B\/3844972\">according to Youm7<\/a>. The state of emergency has been renewed every three months since April 2017.<\/p><p><strong>Egypt, Greece and Cyprus are holding joint, multi-day military exercises <\/strong>starting today in a span of the Mediterranean between Crete and Egypt, Greece\u2019s <a href=\"http:\/\/www.ekathimerini.com\/229984\/article\/ekathimerini\/news\/greece-egypt-and-cyprus-to-hold-joint-exercise-south-of-crete\">Ekathimerini reports<\/a>.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Abraaj\u2019s key funds are now owned by Colony Capital, an outfit with strong ties to both the ruling elite in the GCC and the Trump administration. <\/strong>Colony acquired on Thursday four funds from the Dubai-based private equity firm, including its North Africa, Sub-Saharan Africa, Turkey and Latin America funds, <a href=\"https:\/\/www.ft.com\/content\/844d68ce-7565-11e8-aa31-31da4279a601\">reportedly paying about USD 250 mn<\/a> and agreeing to oversee Abraaj\u2019s other funds until they can be disposed of. A rival bid from Cerberus Capital Management had offered USD 125 mn for Abraaj\u2019s asset management business, but not Abraaj\u2019s underlying stakes in those funds. The news prompted blunt questions from the <a href=\"https:\/\/www.ft.com\/content\/3c68a8ae-754a-11e8-b6ad-3823e4384287\">Financial Times\u2019 Lex column<\/a> and coverage from <a href=\"https:\/\/www.wsj.com\/articles\/abraaj-to-sell-some-fund-management-businesses-to-colony-capital-1529557850\">WSJ<\/a>, <a href=\"https:\/\/www.reuters.com\/article\/abraaj-divestiture\/update-1-dubais-abraaj-sells-latam-africa-businesses-to-colony-capital-idUSL4N1TN1TN\">Reuters<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-21\/colony-capital-agrees-to-manage-several-of-abraaj-s-key-funds\">Bloomberg<\/a>.<\/p><p><strong>Background: <\/strong>You can <a href=\"https:\/\/s3.amazonaws.com\/abraaj-website-media\/wp-content\/uploads\/2018\/06\/21051808\/Abraaj-Holdings-Abraaj-Investment-Management-Limited-and-Colony-Capital-Inc.-Successfully-Agree-on-Transaction.pdf\">read the announcement from Abraaj and Colony (pdf)<\/a>, explore <a href=\"https:\/\/www.clns.com\">Colony Capital\u2019s website<\/a> (it <a href=\"http:\/\/markets.businessinsider.com\/news\/stocks\/colony-northstar-inc-announces-name-change-to-colony-capital-inc-1026845580\">recently changed its name<\/a> from Colony NorthStar, but that\u2019s not reflected on the website yet), or learn more about <a href=\"https:\/\/www.nytimes.com\/2018\/06\/13\/world\/middleeast\/trump-tom-barrack-saudi.html\">Colony founder and Trump pal Tom Barrack<\/a> in a recent New York Times piece.<\/p><p><strong>The leaders of Ethiopia and Zimbabwe narrowly escaped separate assassination attempts yesterday<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-23\/zimbabwe-president-safe-after-gunfire-at-a-rally-in-bulawayo\">Bloomberg reports<\/a>. An unidentified suspect threw a grenade at Ethiopian Prime Minister Abiy Ahmed \u201cminutes after addressing tens of thousands of supporters at a rally in Addis Ababa.\u201d The attack came just days after Ahmed said he was starting peace talks with Eritrea for the first time since 1998. Zimbabwean President Emmerson Mnangagwa survived an explosion at an election rally. The Egyptian Foreign Ministry issued statements strongly condemning both assassination attempts (<a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/2072491459489456\">here<\/a> and <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/2072137752858160\">here<\/a>).<\/p><p><strong>It\u2019s a big day for Saudi Arabia <\/strong>as women get the legal right to drive <a href=\"https:\/\/www.reuters.com\/article\/us-saudi-women-driving-preview\/saudi-women-gear-up-for-new-freedom-as-driving-ban-ends-idUSKBN1JJ0C2?il=0\">for the first time<\/a>. It\u2019s front-page news just about everywhere this morning, with some including the <a href=\"https:\/\/www.wsj.com\/articles\/saudi-women-take-the-wheel-as-driving-ban-lifted-1529795635\">Wall Street Journal<\/a> and the <a href=\"https:\/\/www.nytimes.com\/2018\/06\/23\/world\/middleeast\/saudi-arabia-women-driving-ban.html\">New York Times<\/a> carrying multiple pieces. Both the <a href=\"https:\/\/www.wsj.com\/articles\/saudi-women-drivers-face-one-last-roadblock-saudi-men-1529573402\">WSJ<\/a> and <a href=\"https:\/\/www.nytimes.com\/2018\/06\/22\/world\/middleeast\/saudi-arabia-women-driving.html\">NYT<\/a> zero in on the notion that men (on the road and through the guardianship system in KSA) will face pressure to change.<\/p><p>Speaking of KSA: <strong>Saudi Arabia has won an upgrade to MSCI emerging markets status as of mid-2019<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-funds-msci\/argentina-saudi-arabia-to-be-part-of-msci-emerging-markets-index-idUSKBN1JG3AN\">according to Reuters<\/a>.The kingdom, whose stock market has recently outperformed others in the GCC, should have a c. 2.6% weighting in the index once the deed is done. Hopes are for \u201ccurrent privatization efforts,\u201d which include the initial public offering of state energy company Aramco, to continue expanding the scope of available growth opportunities in the market and increase its weight on the index, said MSCI MD and Global Head of Equity Solutions Sebastien Lieblich. Analysts <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-21\/now-that-saudi-arabia-won-em-inclusion-what-do-investors-think\">interviewed by Bloomberg<\/a> seemed to agree.<\/p><p><strong>Tadawul will be working to make sure capital inflows in the coming months \u201cwill not adversely affect the market,\u201d <\/strong><a href=\"https:\/\/www.reuters.com\/article\/msci-saudi\/saudi-bourse-will-be-ready-for-capital-inflows-after-msci-em-inclusion-idUSL8N1TN07K\">Reuters also says<\/a>. The news of Saudi\u2019s inclusion on the MSCI could generate as much as USD 45 bn in new capital inflows, much of which could be from \u201cpassive\u201d investors, rather than \u201cactive\u201d ones, who are likely to be less impacted by market fluctuations (i.e. less likely to flee at the first sign of turbulence).<\/p><p><strong>It\u2019s also a big day for Turkey <\/strong>as opinion polls reportedly show that <a href=\"https:\/\/www.reuters.com\/article\/us-turkey-election\/turks-vote-for-president-parliament-in-crucial-test-for-erdogan-idUSKBN1JJ16V\">today\u2019s elections<\/a> for the presidency and the parliament are both too close to call after 16 years of rule by Erdogan and his Justice and Development (AKP) party. At stake: Another five years in power, threatened by an \u201cunusual show of unity from four opposition parties and their voters as well as the energetic and combative performance of Muharrem Ince, a former physics teacher who is a presidential candidate for the secularist CHP,\u201d the <a href=\"https:\/\/www.ft.com\/content\/b732688e-75f1-11e8-a8c4-408cfba4327c\">Financial Times<\/a> suggests. The <a href=\"https:\/\/www.nytimes.com\/2018\/06\/21\/world\/europe\/turkey-election-ergodan-canal-megaprojects.html\">New York Times<\/a>\u2019 Carlotta Gall looks at \u201csigns the public is weary of Mr. Erdogan\u2019s building mania\u201d and focus on megaprojects. Meanwhile, Patrick Kingsley, the Guardian\u2019s former Egypt correspondent, and Iliana Magra have an <a href=\"https:\/\/www.nytimes.com\/2018\/06\/23\/world\/asia\/turkey-elections.html\">overview<\/a>, also for the Gray Lady.<\/p><p><strong>Chanel has published its financials for the first time in 108 years <\/strong>despite not being a publicly traded company. The fashion house made the move to end persistent rumors that it was <a href=\"https:\/\/www.nytimes.com\/2018\/06\/21\/business\/chanel-earnings-luxury-annual-report.html\">so small it needed to merge<\/a> with a larger outfit. Its USD 9.6 bn in 2017 revenues make it larger than Gucci and about the same size as Louis Vuitton. It\u2019s not a precursor to a stock market listing, <a href=\"https:\/\/www.businessoffashion.com\/articles\/news-analysis\/chanel-reveals-10-billion-revenue-for-first-time\">Business of Fashion<\/a> reports.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"628032\" 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 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data-block-id=\"gcgjxq0\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-gcgjxq0-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-gcgjxq0-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"628033\" 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=\"628033\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We\u2019re Tracking This Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/what-were-tracking-this-week-11\/\">\r\n                            What we\u2019re tracking this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/what-were-tracking-this-week-11\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n          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week&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/what-were-tracking-this-week-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\/24\/what-were-tracking-this-week-11\/&title=What we\u2019re tracking this week\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F24%2Fwhat-were-tracking-this-week-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\/24\/what-were-tracking-this-week-11\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628033\" class=\"content-area-description single-story post-628033 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 central bank\u2019s Monetary Policy Committee meets on Thursday, 28 June <\/strong>to decide on interest rates.<\/p>\n<p><strong>The <\/strong><a href=\"https:\/\/www.imf.org\/external\/NP\/SEC\/bc\/eng\/index.aspx\"><strong>IMF\u2019s executive board will meet<\/strong><\/a><strong> on 29 June to decide on the fourth USD 2 bn tranche of Egypt\u2019s USD 12 bn extended fund facility. <\/strong>The disbursement, which is expected to arrive in July, would bring the total amount Egypt has received under the facility to USD 8 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"628034\" 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=\"628034\">\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\/24\/on-the-horizon-15\/\">\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 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   <!-- <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%2F24%2Fon-the-horizon-15%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\/24\/on-the-horizon-15\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628034\" class=\"content-area-description single-story post-628034 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>Grand Egyptian Museum will open its doors by year\u2019s end, ahead of schedule; Giza Plateau development to be complete in two weeks:<\/strong> The Giza Plateau development project will be complete within two weeks, with the \u201cfinal touches\u201d currently being made, Prime Minister Mostafa Madbouly said yesterday, according to <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Prime-Minister's-remarks.aspx\">a Cabinet statement<\/a>. Madbouly also said the first phase of the Grand Egyptian Museum will be ready to open its doors to visitors by the end of 2018, rather than in 1Q2018 as was previously announced.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"628035\" 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=\"628035\">\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\/24\/talk-shows-mostly-back-to-normal-playing-catch-up-on-fuel-prices\/\">\r\n                            Talk shows (mostly) back to normal, playing catch-up on fuel prices                        <\/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\/24\/talk-shows-mostly-back-to-normal-playing-catch-up-on-fuel-prices\/\" 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\/24\/talk-shows-mostly-back-to-normal-playing-catch-up-on-fuel-prices\/')\">\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\/24\/talk-shows-mostly-back-to-normal-playing-catch-up-on-fuel-prices\/\">\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=Talk shows (mostly) back to normal, playing catch-up on fuel prices&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/talk-shows-mostly-back-to-normal-playing-catch-up-on-fuel-prices\/\">\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\/24\/talk-shows-mostly-back-to-normal-playing-catch-up-on-fuel-prices\/&title=Talk shows (mostly) back to normal, playing catch-up on fuel prices\">\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=Talk+shows+%28mostly%29+back+to+normal%2C+playing+catch-up+on+fuel+prices+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F24%2Ftalk-shows-mostly-back-to-normal-playing-catch-up-on-fuel-prices%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\/24\/talk-shows-mostly-back-to-normal-playing-catch-up-on-fuel-prices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628035\" class=\"content-area-description single-story post-628035 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Talk shows are (mostly) back from their summer hiatus<\/strong>, with a few exceptions and changes. Lamees Al Hadidi is soaking up the sun until September, but has several others filling in for her on Hona Al Asema in the meantime, <a href=\"https:\/\/www.elwatannews.com\/news\/details\/3464743\">according to El Watan<\/a>. Al Hayah Al Youm host Tamer Amin is also vacationing in (of course) Russia until next month, leaving a spot open for a new show, Al Hayah fi Masr, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=23062018&id=15d0c077-55ac-4328-811b-964427fa4daf\">Al Shorouk reports<\/a>. ONE also seems to still be mulling what to do with Kol Youm, which Amr Adib hosted prior to his sudden on-air resignation.<\/p>\n<p>Now, onto the news: <strong>Fuel price hikes and \u201cexceptional raises\u201d and pensions for state bureaucrats were the topic du jour<\/strong> for the talking heads who managed to force themselves to get back to work.<\/p>\n<p><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/05\/house-signs-off-on-raises-for-civil-servants-increased-spending-on-pensions-bump-in-income-tax-exemption-ahead-of-expected-subsidy-phase-out\/\"><strong>Wage and pensions increases<\/strong><\/a><strong> for state bureaucrats will cost state coffers more than EGP 50 bn collectively, <\/strong>Finance Minister Mohamed Maait told Masaa DMC\u2019s Eman El Hosary. The increases, which President Abdel Fattah El Sisi <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1302035\">ratified yesterday<\/a>, came as part of Income Tax amendments that will result in an EGP 8 bn drop in tax collections next year, Maait said (<a href=\"https:\/\/www.youtube.com\/watch?v=YNFrQ66MOlE\">watch, runtime: 14:33<\/a>).<\/p>\n<p><strong>The government <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/19\/government-hikes-fuel-prices-by-c-50\/\"><strong>sanctioned an increase in cab fares<\/strong><\/a><strong> in tandem with the recent hike<\/strong> in fuel prices to make it harder for cabbies to set their own tariffs, Consumer Protection Agency head Rady Abdel Moty told El Hosary. Abdel Moty also urged citizens to snitch on cab drivers who try to price gouge (<a href=\"https:\/\/www.youtube.com\/watch?v=ZrXxo9TNJK8\">watch, runtime: 3:43<\/a>). Fares for informal buses and microbuses are proving more difficult to control, MP Ahmed El Segini said (<a href=\"https:\/\/www.youtube.com\/watch?v=zLSi3hSelFE\">watch, runtime: 6:03<\/a>).<\/p>\n<p><strong>Egypt is unlikely to completely liberalize fuel prices \u2014 at least not anytime soon<\/strong>, former oil minister Osama Kamal said. Instead, the government is targeting lower consumption and reduced spending on fuel subsidies. Kamal suggested that the Finance Ministry encourage drivers to switch to CNG-powered motors from gasoline by offering to cover the cost of the switch (<a href=\"https:\/\/www.youtube.com\/watch?v=nmG7Lj94R1w\">watch, runtime: 22:45<\/a>).<\/p>\n<p><strong>Elsewhere on the airwaves, sports critics and journalists spent their evening dissecting the latest from the World Cup<\/strong>. Egypt\u2019s defeat against Russia was \u201cdisappointing\u201d but not surprising considering the Pharaohs\u2019 less-than-stellar performance, Yalla Kora\u2019s Editor-in-Chief Karim Saeed said. National star Mohamed Salah was also not physically ready for the match, Saeed claimed (<a href=\"https:\/\/www.youtube.com\/watch?v=NTRRSulrHLw\">watch, runtime: 1:34<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=F5WA2tG_Hp8\">here runtime: 1:09<\/a>). Our next and final match against KSA will be an opportunity to salvage our image, he said (<a href=\"https:\/\/www.youtube.com\/watch?v=xvUzEAbosjo\">watch, runtime: 1:16<\/a>).<\/p>\n<p><strong>Hona Al Asema paid tribute to army general Youssef Baki, the man behind the idea of destroying the Bar Lev Line<\/strong> during the 1973 war against Israel, who passed away yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=3ruG-EQbmIc\">watch, runtime: 5:29<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"628036\" 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=\"628036\">\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\/24\/economists-are-also-warning-of-too-much-reform-in-too-little-a-time\/\">\r\n                            Economists are also warning of too much reform in too little a time                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/economists-are-also-warning-of-too-much-reform-in-too-little-a-time\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/economists-are-also-warning-of-too-much-reform-in-too-little-a-time\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/economists-are-also-warning-of-too-much-reform-in-too-little-a-time\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Economists are also warning of too much reform in too little a time&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/economists-are-also-warning-of-too-much-reform-in-too-little-a-time\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/economists-are-also-warning-of-too-much-reform-in-too-little-a-time\/&title=Economists are also warning of too much reform in too little a time\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Economists+are+also+warning+of+too+much+reform+in+too+little+a+time+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F24%2Feconomists-are-also-warning-of-too-much-reform-in-too-little-a-time%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/economists-are-also-warning-of-too-much-reform-in-too-little-a-time\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628036\" class=\"content-area-description single-story post-628036 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Economists are warning of a bit too much reform, a bit too fast:<\/strong> The prices of fuel, electricity, water and metro tickets have risen back-to-back over the past couple of months, prompting a number of economists <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1TN4O4\">speaking to Reuters<\/a> to warn that the rapid pace of the reforms could lead to high inflation \u201cthat would crimp consumption, put off a quick recovery and deter potential investors.\u201d Among them is our friend Mohamed Abu Basha, lead economist at EFG Hermes, who warned too many reforms at once might fail to quickly revive the ailing economy. \u201cTypically in fiscal consolidation the risk is that you enter a period of stagnation,\u201d Abu Basha said. \u201cYou do a lot of reforms but they weigh too much on the economy\u2019s capacity to grow.\u201d<\/p>\n<p><strong>Nonetheless, we\u2019re headed in the right direction in the long run, especially when foreign direct investment is concerned.<\/strong> \u201cIn the grand scheme of things, whatever harsh austerity measures are being put in place today, they lay a very strong foundation for private-sector-led growth over the coming five years,\u201d said Hany Farahat, senior economist at Egyptian investment bank CI Capital. \u201cNo investor will come to Egypt if there is a risk of overspending or over-borrowing, which risk pressure for devaluation of the currency and an outflow of capital,\u201d he added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"628055\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"628056\" 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=\"628056\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/imf-takes-the-middle-ground-in-the-militarys-role-in-the-economy-debate\/\">\r\n                            IMF takes the middle ground in the military\u2019s role in the economy debate                        <\/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\/24\/imf-takes-the-middle-ground-in-the-militarys-role-in-the-economy-debate\/\" 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\/24\/imf-takes-the-middle-ground-in-the-militarys-role-in-the-economy-debate\/')\">\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\/24\/imf-takes-the-middle-ground-in-the-militarys-role-in-the-economy-debate\/\">\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=IMF takes the middle ground in the military\u2019s role in the economy debate&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/imf-takes-the-middle-ground-in-the-militarys-role-in-the-economy-debate\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n           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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\/24\/imf-takes-the-middle-ground-in-the-militarys-role-in-the-economy-debate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628056\" class=\"content-area-description single-story post-628056 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>IMF weighs in on the military\u2019s role in the economy debate:<\/strong> Although The Egyptian military\u2019s economic activities \u201caren't particularly in contradiction with the IMF policy,\u201d it's up to the state to establish a \u201cfast-growing economy whose main pillar [ought to be] the private sector rather than the public sector or the state,\u201d IMF mission chief to Egypt Subair Lall <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2018\/06\/egypt-economy-army-private-sector-imf.html#ixzz5JG71KipM\">tells Al Monitor in an interview<\/a>. The government should \u201creduce the state\u2019s control in general, not specifically the military, over economic activities, in line with the agreed objectives of the economic reform plan,\u201d Lall added. Lall\u2019s statements underscore the middle ground the IMF is taking on the debate. A series of stories in the international press have drawn attention to what some claim is the military\u2019s growing role in the economy. Most notable of these was <a href=\"https:\/\/www.reuters.com\/investigates\/special-report\/egypt-economy-military\/\">a year-long Reuters investigation<\/a> and, most recently, a long recap of the issue from <a href=\"https:\/\/www.wsj.com\/articles\/egypts-sisi-clamped-down-on-political-oppositionnext-up-is-the-economy-1526915418\">the Wall Street Journal<\/a>. Military Productions Minister Mohamed El Assar <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/23\/military-says-its-not-crowding-out-the-private-sector\/\">subsequently refuted<\/a> the claims, noting that 75% of the ministry\u2019s projects come in partnership with the private sector. \u201cEconomic reform experiences in many developing countries show that excessive state intervention in the economic sector doesn't affect competition as [much as] some might claim,\u201d said Lall.<\/p>\n<p><strong>More needs to be done to spur private sector growth:<\/strong> Lall urged for more measures to encourage private sector growth. \u201cThe state has to encourage competition and remove any obstacles facing investors in acquiring lands and investments. It has also to work on increasing economic transparency by passing legislation to this effect, eliminating bureaucracy and developing infrastructure, which will help the private sector increase investment, develop the economy and create the required job opportunities,\" he added.<\/p>\n<p>Meanwhile: <strong>Egyptians are using dueling hashtags on Twitter, one side to call for President Abdel Fattah El Sisi to resign, the other to voice support<\/strong>, Menna Zaki <a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/popular-hashtags-take-sides-on-egypt-presidents-leadership\/2018\/06\/23\/38e9fa3e-76c6-11e8-bda1-18e53a448a14_story.html?noredirect=on&utm_term=.89213fd34ba6\">writes for the AP<\/a>. The hashtags \u2014 #Sissi_Leave and #MyLeaderIsSissiAndProud \u2014 have been gaining momentum since the government moved to raise fuel prices over the Eid break.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"628057\" 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=\"628057\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/egypts-path-towards-growth-will-not-be-as-successful-without-the-private-sector\/\">\r\n                            Egypt\u2019s path towards growth will not be as successful without the private sector                        <\/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\/24\/egypts-path-towards-growth-will-not-be-as-successful-without-the-private-sector\/\" 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\/24\/egypts-path-towards-growth-will-not-be-as-successful-without-the-private-sector\/')\">\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\/24\/egypts-path-towards-growth-will-not-be-as-successful-without-the-private-sector\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s path towards growth will not be as successful without the private sector&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/egypts-path-towards-growth-will-not-be-as-successful-without-the-private-sector\/\">\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\/24\/egypts-path-towards-growth-will-not-be-as-successful-without-the-private-sector\/&title=Egypt\u2019s path towards growth will not be as successful without the private sector\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+path+towards+growth+will+not+be+as+successful+without+the+private+sector+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F24%2Fegypts-path-towards-growth-will-not-be-as-successful-without-the-private-sector%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\/24\/egypts-path-towards-growth-will-not-be-as-successful-without-the-private-sector\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628057\" class=\"content-area-description single-story post-628057 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s path towards growth after reforms will not be as successful without the full inclusion of the private sector<\/strong>, Magda Shahin <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=23062018&id=206bb35f-8ec8-47b8-b042-dc54fb79e865\">writes for Al Shorouk<\/a>. Shahin lauds the state for remaining steadfast in its drive to implement reforms, but notes that excluding the private sector would be a hindrance. <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1301340\">Al Masry Al Youm\u2019s<\/a> Aly El Salmy chimes in to urge the government to focus on industrial growth, which would create a strong foundation for further development.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-deadline\/\">On Deadline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"628058\" 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=\"628058\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/kushner-greenblatt-meet-with-sisi-to-discuss-israel-palestinian-peace-process\/\">\r\n                            Kushner, Greenblatt meet with Sisi to discuss Israel-Palestinian peace process                        <\/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\/24\/kushner-greenblatt-meet-with-sisi-to-discuss-israel-palestinian-peace-process\/\" 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\/24\/kushner-greenblatt-meet-with-sisi-to-discuss-israel-palestinian-peace-process\/')\">\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\/24\/kushner-greenblatt-meet-with-sisi-to-discuss-israel-palestinian-peace-process\/\">\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=Kushner, Greenblatt meet with Sisi to discuss Israel-Palestinian peace process&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/kushner-greenblatt-meet-with-sisi-to-discuss-israel-palestinian-peace-process\/\">\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\/24\/kushner-greenblatt-meet-with-sisi-to-discuss-israel-palestinian-peace-process\/&title=Kushner, Greenblatt meet with Sisi to discuss Israel-Palestinian peace process\">\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=Kushner%2C+Greenblatt+meet+with+Sisi+to+discuss+Israel-Palestinian+peace+process+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F24%2Fkushner-greenblatt-meet-with-sisi-to-discuss-israel-palestinian-peace-process%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\/24\/kushner-greenblatt-meet-with-sisi-to-discuss-israel-palestinian-peace-process\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628058\" class=\"content-area-description single-story post-628058 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>\u00a0<strong>Is the Trump administration looking to Sinai as the lynchpin of its Middle East peace plan? <\/strong>White House adviser Jared Kushner and special envoy Jason Greenblatt met with Egyptian President Abdel Fattah El Sisi on Thursday for the third leg of a Middle East tour to promote the Trump administration's new peace plan for the region. The meeting looked at increasing cooperation between Washington and Cairo and the need to facilitate humanitarian relief to Gaza, <a href=\"https:\/\/www.whitehouse.gov\/briefings-statements\/readout-jared-kushner-jason-greenblatts-meeting-president-egypt\/\">a White House statement said<\/a>. This appears to validate reports in the Israeli press that the plan, which is backed by Saudi Arabia, could see the GCC invest up to USD 1 bn in Gaza\u2019s economy. The plan, which has yet to be announced, could establish a freetrade zone between the Gaza Strip and Al Arish in Sinai where five large industrial projects will be built, <a href=\"https:\/\/www.haaretz.com\/israel-news\/.premium-trump-s-deal-of-the-century-for-middle-east-peace-might-live-or-die-in-cairo-1.6199973\">according to Haaretz<\/a>.<\/p>\n<p><strong>Palestinian officials are not at all happy with the proposed plan<\/strong>, which they see as an \u201cIsraeli, American, Saudi and Egyptian conspiracy,\u201d that ultimately aims to \u201c[avoid] diplomatic negotiations over the future of Palestine,\u201d a senior Palestinian Authority (PA) <a href=\"https:\/\/www.haaretz.com\/israel-news\/.premium-trump-s-deal-of-the-century-for-middle-east-peace-might-live-or-die-in-cairo-1.6199973\">official tells Haaretz<\/a>.<\/p>\n<p>At the meeting with Kushner, <strong>Sisi reportedly continued to push for a two-state solution <\/strong>with East Jerusalem as Palestine\u2019s capital,<a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/photos\/a.155486328304089.1073741829.153405978512124\/401214953731224\/?type=3&theater\">Ittihadiya said in a statement<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"628060\" 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=\"628060\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/chinese-consortium-lands-hamrawein-coal-plant-tender\/\">\r\n                            Chinese consortium lands Hamrawein coal plant tender                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/chinese-consortium-lands-hamrawein-coal-plant-tender\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/chinese-consortium-lands-hamrawein-coal-plant-tender\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/chinese-consortium-lands-hamrawein-coal-plant-tender\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Chinese consortium lands Hamrawein coal plant tender&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/chinese-consortium-lands-hamrawein-coal-plant-tender\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/chinese-consortium-lands-hamrawein-coal-plant-tender\/&title=Chinese consortium lands Hamrawein coal plant tender\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Chinese+consortium+lands+Hamrawein+coal+plant+tender+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F24%2Fchinese-consortium-lands-hamrawein-coal-plant-tender%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/chinese-consortium-lands-hamrawein-coal-plant-tender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628060\" class=\"content-area-description single-story post-628060 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\/.7d223a8d-75dc-4284-aa21-233c9d3422a4.mp3\"><\/audio><\/figure>\n<p>The Egyptian Electricity Holding Company (EEHC) awarded a Shanghai Electric-Dong Fang-Hassan Allam consortium the tender for the 6 GW Hamrawein \u201cclean coal\u201d power plant, <a href=\"http:\/\/www.ahram.org.eg\/News\/202687\/5\/657575\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%AA%D8%B9%D9%84%D9%86-%D9%81%D9%88%D8%B2-%D8%A7%D9%84%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%89-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%AD%D8%B7%D8%A9-%D9%81%D8%AD%D9%85-%D8%A7.aspx\">Al Ahram reports<\/a>. The consortium, which edged out an Orascom Construction-Elsewedy Electric-Mitsubishi Hitachi consortium and GE, had reportedly presented the lowest offer for the construction of the plant at USD 4.4 bn. The EEHC will begin procedures to sign the contracts with the consortium \u201cwithin the coming period.\u201d Construction is expected to take 6-7 years.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"628061\" 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=\"628061\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/koko-the-gorilla-dies-at-age-46\/\">\r\n                            Koko the gorilla dies at age 46                        <\/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\/24\/koko-the-gorilla-dies-at-age-46\/\" 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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Koko and her pet cat All Ball sparked a generation\u2019s fascination with Western lowland gorillas, a highly endangered species. Obits are running in the New York Times and Canada\u2019s CBC, among other places.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"628063\" 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=\"628063\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/628063\/\">\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\/24\/628063\/\" 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\/24\/628063\/')\">\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\/24\/628063\/\">\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\/24\/628063\/\">\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\/24\/628063\/&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%2F24%2F628063%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\/24\/628063\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628063\" class=\"content-area-description single-story post-628063 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 17.82 | Sell 17.92<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.81 | Sell 17.91<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 16,346 (+1.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 740 mn (30% BELOW the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +8.8%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session up 1.3%. CIB, the index heaviest constituent ended up 1.7%. EGX30\u2019s top performing constituents were Arab Cotton Ginning up 4.7%, Egyptian Iron & Steel up 4.0% and Kima up 3.6%. Thursday\u2019s worst performing stocks were TMG Holding down 0.4%, Orascom Construction down 0.2%, and Amer Group flat. The market turnover was EGP 740 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +64.4 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -3.2 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -61.2 mn<\/p>\n<p><strong>Retail<\/strong>: 68.4% of total trades | 67.4% of buyers | 69.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 31.6% of total trades | 32.6% of buyers | 30.6% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 21.5% of total | 25.8% of buyers | 17.1% of sellers<br \/>\n <strong>Regional:<\/strong> 6.4% of total | 6.2% of buyers | 6.6% of sellers<br \/>\n <strong>Domestic:<\/strong> 72.1% of total | 68.0% of buyers | 76.2% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 68.58 (+4.64%)<br \/>\n <strong>Brent:<\/strong> USD 75.55 (+3.42%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.95 MMBtu, (-1.01%, July 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,270.70 \/ troy ounce (+0.02%)<\/p>\n<p><strong>TASI:<\/strong> 8,206.40 (+0.49%) (YTD: +13.56%)<br \/>\n <strong>ADX:<\/strong> 4,535.26 (-0.33%) (YTD: +3.11%)<br \/>\n <strong>DFM:<\/strong> 2,928.17 (+0.19%) (YTD: -13.11%)<br \/>\n <strong>KSE Premier Market:<\/strong> 4,803.52 (-0.24%)<br \/>\n <strong>QE:<\/strong> 8,922.52 (+0.46%) (YTD: +4.68%)<br \/>\n <strong>MSM:<\/strong> 4,609.87 (+0.36%) (YTD: -9.60%)<br \/>\n <strong>BB: <\/strong>1,309.49 (+0.64%) (YTD: -1.67%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"628064\" 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\/24\/628064\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-628064\" class=\"content-area-description single-story post-628064 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>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>29 June (Friday): IMF\u2019s <a href=\"https:\/\/www.imf.org\/external\/NP\/SEC\/bc\/eng\/index.aspx\">executive board meeting<\/a> to review progress on Egypt\u2019s reform program.<\/p>\n<p>1 July (Sunday): Application deadline for the DigitalAG4Egypt Challenge.<\/p>\n<p>16 July (Monday): Cairo Court of Appeals to issue ruling on EGP 5.6 bn antitrust case against pharma companies.<\/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>22 September (Saturday): New academic year begins for public schools, universities.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"http:\/\/www.arqaamconference.com\/\">Arqaam Capital MENA Investors Conference 2018<\/a>, Four Seasons Resorts, Dubai.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a>, venue TBD.<\/p>\n<p>27 September (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>23-24 October (Tuesday-Wednesday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2018\/\">Intelligent Cities Exhibition & Conference 2018<\/a>, Fairmont Towers Heliopolis, Cairo.<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">First Egypt Defense Expo<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":628030,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-628029","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"556b970e-673b-4d14-b2c7-7c65457aab90","teaser":"","photo_url":"https:\/\/ent.news\/2018\/6\/1741.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>OPEC production cut gives breathing room as analysts warn on too much reform, too fast - 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\/opec-production-cut-gives-breathing-room-as-analysts-warn-on-too-much-reform-too-fast\/\" \/>\n<meta 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