{"id":629186,"date":"2018-05-24T04:10:08","date_gmt":"2018-05-24T04:10:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=629186"},"modified":"2025-12-17T10:48:01","modified_gmt":"2025-12-17T10:48:01","slug":"govt-girds-for-summer-of-energy-price-hikes","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/govt-girds-for-summer-of-energy-price-hikes\/","title":{"rendered":"Gov\u2019t girds for summer of energy price hikes"},"content":{"rendered":"<section id=\"629188\" 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=\"629188\">\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\/05\/24\/what-were-tracking-on-24-may-2018\/\">\r\n                            What we\u2019re tracking on 24 May 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\/05\/24\/what-were-tracking-on-24-may-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\/05\/24\/what-were-tracking-on-24-may-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\/05\/24\/what-were-tracking-on-24-may-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=What we\u2019re tracking on 24 May 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/what-were-tracking-on-24-may-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\/05\/24\/what-were-tracking-on-24-may-2018\/&title=What we\u2019re tracking on 24 May 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=What+we%E2%80%99re+tracking+on+24+May+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fwhat-were-tracking-on-24-may-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\/05\/24\/what-were-tracking-on-24-may-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629188\" class=\"content-area-description single-story post-629188 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>We hope you, like us, have had a wonderful week and are looking forward to the second weekend of Ramadan. <\/strong>We are forever grateful for the privilege of writing all of you each morning.<\/p><p><strong>Our top three stories this morning are at the intersection of energy and social stability. <\/strong>Sources close to Cabinet tell us that <strong>ministers are pushing state-owned companies to start making good on arrears owed to energy companies<\/strong>. The energy companies have already been given new incentives \u2014 by rising oil prices (for IOCs) and a mix of state contracts and deregulation (electricity producers and contractors) \u2014 to play ball. That incentive is about to get sweeter (directly and indirectly) for some of them: Capital Economics suggests that <strong>rising oil prices could force the state to raise fuel prices by as much as 60% <\/strong>in the new fiscal year starting in July, and we\u2019ve already reported this week that electricity prices could rise by as much as 55% this summer. Capital economics thinks the impact on inflation of the subsidy phase-out will be limited and transient. Either way, cushioning low income earners from the impact of subsidy reform this summer is high on Cabinet\u2019s agenda: <strong>Ministers are reportedly preparing to sign off on an EGP 15 bn package of new spending to strengthen the social safety net<\/strong>.<\/p><p>We have chapter and verse in today\u2019s Speed Round.<\/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=\"629196\" 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 stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-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\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-7u2x4wn\" data-v=\"4\" data-block-id=\"7u2x4wn\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-7u2x4wn-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-7u2x4wn-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\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-wlarxwn\" data-v=\"4\" data-block-id=\"wlarxwn\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-wlarxwn-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-wlarxwn-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\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-csqwfoe\" data-v=\"4\" data-block-id=\"csqwfoe\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-csqwfoe-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-csqwfoe-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\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-xt5x354\" data-v=\"4\" data-block-id=\"xt5x354\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-xt5x354-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-xt5x354-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=\"629197\" 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=\"629197\">\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\">ON THE HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/on-the-horizon-34\/\">\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\/05\/24\/on-the-horizon-34\/\" 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 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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\/05\/24\/on-the-horizon-34\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629197\" class=\"content-area-description single-story post-629197 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>Our friends at AmCham are holding their annual general meeting and iftar next Tuesday<\/strong>, 29 May. Their guest speaker will be Education Minister Tarek Shawki, who will speak about the government\u2019s \u201cnational strategy for education transformation in Egypt.\u201d If our own little company\u2019s iftar wasn\u2019t scheduled for the same night, we\u2019d attend: <strong>We don\u2019t know Tarek Shawki, but the man is brave to push for sweeping education reform<\/strong>, and none of us in the business community (ourselves included) are doing enough to support him. Hats off to AmCham for inviting him to speak. Members and their guests and <a href=\"https:\/\/amcham.org.eg\/events-activities\/overview\">register here to attend the iftar and AGM<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-horizon\/\">ON THE HORIZON<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629198\" 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=\"629198\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/last-nights-talk-shows-on-24-may-2018\/\">\r\n                            Last Night\u2019s Talk Shows on 24 May 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\/05\/24\/last-nights-talk-shows-on-24-may-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\/05\/24\/last-nights-talk-shows-on-24-may-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\/05\/24\/last-nights-talk-shows-on-24-may-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=Last Night\u2019s Talk Shows on 24 May 2018.&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/last-nights-talk-shows-on-24-may-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\/05\/24\/last-nights-talk-shows-on-24-may-2018\/&title=Last Night\u2019s Talk Shows on 24 May 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=Last+Night%E2%80%99s+Talk+Shows+on+24+May+2018.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Flast-nights-talk-shows-on-24-may-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\/05\/24\/last-nights-talk-shows-on-24-may-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629198\" class=\"content-area-description single-story post-629198 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>The nation\u2019s talking heads are on hiatus, stuffing themselves with konafa <\/strong>while we toil through the Holy Month.<\/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=\"629199\" 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=\"629199\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/cabinet-mounts-push-for-state-owned-companies-start-paying-overdue-energy-bills-will-channel-funds-to-energy-companies\/\">\r\n                            Cabinet mounts push for state-owned companies start paying overdue energy bills; will channel funds to energy companies                        <\/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\/05\/24\/cabinet-mounts-push-for-state-owned-companies-start-paying-overdue-energy-bills-will-channel-funds-to-energy-companies\/\" 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\/05\/24\/cabinet-mounts-push-for-state-owned-companies-start-paying-overdue-energy-bills-will-channel-funds-to-energy-companies\/')\">\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\/05\/24\/cabinet-mounts-push-for-state-owned-companies-start-paying-overdue-energy-bills-will-channel-funds-to-energy-companies\/\">\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=Cabinet mounts push for state-owned companies start paying overdue energy bills; will channel funds to energy companies&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/cabinet-mounts-push-for-state-owned-companies-start-paying-overdue-energy-bills-will-channel-funds-to-energy-companies\/\">\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\/05\/24\/cabinet-mounts-push-for-state-owned-companies-start-paying-overdue-energy-bills-will-channel-funds-to-energy-companies\/&title=Cabinet mounts push for state-owned companies start paying overdue energy bills; will channel funds to energy companies\">\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=Cabinet+mounts+push+for+state-owned+companies+start+paying+overdue+energy+bills%3B+will+channel+funds+to+energy+companies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fcabinet-mounts-push-for-state-owned-companies-start-paying-overdue-energy-bills-will-channel-funds-to-energy-companies%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\/05\/24\/cabinet-mounts-push-for-state-owned-companies-start-paying-overdue-energy-bills-will-channel-funds-to-energy-companies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629199\" class=\"content-area-description single-story post-629199 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>EXCLUSIVE- Cabinet is pushing state-owned companies start paying overdue energy bills; will channel funds to energy companies:<\/strong> The Ismail Cabinet is pushing state companies falling under the umbrella of the Public Enterprise Ministry start paying overdue gas and electricity bills so that the government can accelerate payments to foreign energy companies and other contractors, sources close to Cabinet tell us. In addition to payments owed by the Oil Ministry to international oil companies, Siemens and GE still have receivables on their books owed by the Electricity Ministry, sources said, adding that the arrears were a subject of discussion at this week\u2019s cabinet meeting. CBE Governor Tarek Amer <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/14\/banking-act-will-be-ready-in-july\/\">had said earlier this month<\/a> that Egypt plans to pay IOCs USD 850 mn without noting the timeline for the disbursement.<\/p>\n<p>Oil Ministry <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/02\/we-have-the-governments-debt-plan-for-fy2018-19\/\">sources had previously said<\/a> that Egypt will pay IOCs USD 200 mn in June. The Oil Ministry\u2019s arrears had dropped to USD 2.4 bn as of June 2017, but the ministry has been <strong>preferentially making payments to the global oil majors while starving local producers<\/strong>, industry sources tell us.<\/p>\n<p>In related news, CIB<strong>, Banque Misr, NBE, and Banque Du Caire are reportedly arranging a USD 550 mn syndicated loan to the Oil Ministry to help it pay down its arrears<\/strong>. <a href=\"https:\/\/alborsanews.com\/2018\/05\/23\/1107279\">Banque Misr Vice Chairman Akef El Maghraby said<\/a> his bank has successfully placed USD 100 mn of the facility with eight local banks.<\/p>\n<p><strong>The government is going so far as to have four state holding companies starved for liquidity sell off assets to the private sector.<\/strong> Among them is the Cotton & Textile Industries Holding Company, whose CEO Ahmed Moustafa tells us that they are holding meetings with Public Enterprise Minister Khaled Badawi to determine which assets of its 22 companies to sell and how to proceed. He added that the company owes a total of EGP 2 bn in overdue bills. It plans to make an initial payment of EGP 350 mn and will sell assets worth EGP 1.7 bn to pay off the remainder.<\/p>\n<p><strong>Gov\u2019t sorts out overdue bills:<\/strong> The Ismail Cabinet had set on Tuesday a timetable for when these companies need to start paying their overdue bills. State companies must make a 25% upfront payment of the bills, with the remaining 75% to be paid in 36 months. State companies must commit to paying their monthly bills on time, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/des.aspx\">according to a cabinet statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629206\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629207\" 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=\"629207\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/how-correct-is-the-notion-that-a-lower-em-currency-means-higher-exports\/\">\r\n                            How correct is the notion that a lower EM currency means higher exports?                        <\/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\/05\/24\/how-correct-is-the-notion-that-a-lower-em-currency-means-higher-exports\/\" 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\/05\/24\/how-correct-is-the-notion-that-a-lower-em-currency-means-higher-exports\/')\">\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\/05\/24\/how-correct-is-the-notion-that-a-lower-em-currency-means-higher-exports\/\">\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=How correct is the notion that a lower EM currency means higher exports?&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/how-correct-is-the-notion-that-a-lower-em-currency-means-higher-exports\/\">\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\/05\/24\/how-correct-is-the-notion-that-a-lower-em-currency-means-higher-exports\/&title=How correct is the notion that a lower EM currency means higher exports?\">\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=How+correct+is+the+notion+that+a+lower+EM+currency+means+higher+exports%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fhow-correct-is-the-notion-that-a-lower-em-currency-means-higher-exports%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\/05\/24\/how-correct-is-the-notion-that-a-lower-em-currency-means-higher-exports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629207\" class=\"content-area-description single-story post-629207 post type-post status-publish format-standard 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>How correct is the notion that a weaker currency means higher exports?<\/strong> Conventional wisdom says the bigger the fall in a country\u2019s currency, the greater the rise in its export volumes. It was, you\u2019ll remember, touted as one of the secondary benefits of the late 2016 float of the EGP. However, according to current and past data compiled and analyzed <a href=\"https:\/\/www.ft.com\/content\/dd077d26-52db-11e8-b24e-cad6aa67e23e\">by the Financial Times<\/a>, this does not seem to be the case. In the most recent emerging market sell-off, Argentina, Brazil, Russia, South Africa and others have failed to see a rise in their exports despite seeing their currencies plunge in value against major global currencies. The notable exception was Turkey. A working paper published earlier this year by the Bank for International Settlements explains this by suggesting that <strong>a strengthening USD has a detrimental impact on exports from EM because it makes finance more expensive<\/strong> and that this financial channel outweighs any competitive edge gained by exporters from weakness in their own currencies.<\/p>\n<p><strong>The conventional wisdom holds true apparently for imports<\/strong>, as the FT\u2019s data shows that the more a currency depreciates the lower import volumes are.<\/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=\"629208\" 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=\"629208\">\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\">Spotlight<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/how-the-european-unions-new-data-protection-regulation-affects-your-business-here-in-egypt\/\">\r\n                            How the European Union\u2019s new data protection regulation affects your business here 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\/05\/24\/how-the-european-unions-new-data-protection-regulation-affects-your-business-here-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\/05\/24\/how-the-european-unions-new-data-protection-regulation-affects-your-business-here-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\/05\/24\/how-the-european-unions-new-data-protection-regulation-affects-your-business-here-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=How the European Union\u2019s new data protection regulation affects your business here in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/how-the-european-unions-new-data-protection-regulation-affects-your-business-here-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\/05\/24\/how-the-european-unions-new-data-protection-regulation-affects-your-business-here-in-egypt\/&title=How the European Union\u2019s new data protection regulation affects your business here 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=How+the+European+Union%E2%80%99s+new+data+protection+regulation+affects+your+business+here+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fhow-the-european-unions-new-data-protection-regulation-affects-your-business-here-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\/05\/24\/how-the-european-unions-new-data-protection-regulation-affects-your-business-here-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629208\" class=\"content-area-description single-story post-629208 post type-post status-publish format-standard hentry category-spotlight 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-08\"><\/a> <strong>A new regulation that goes into effect in the European Union tomorrow could have an impact on every Egyptian business with a website. <\/strong>We asked our friends at <a href=\"http:\/\/sharkawylaw.com\/\">Sharkawy & Sarhan Law Firm<\/a> for a primer on what it means to all of us and how to be prepared for it:<\/p>\n<p>Here\u2019s how the European General Data Protection Regulation (GDPR) affects companies in Egypt, starting from tomorrow when it goes into effect. It set out the rules for collecting personal information from individuals. <strong>The GDPR applies to all companies outside the EU, as long as they collect personal data in the context of offering goods or services to people located in the EU<\/strong>, or if the collected data is about the behavior of individuals located in the EU. We note that the GDPR refers to persons \u201cin\u201d the EU, regardless their nationality or the place where they usually live.<\/p>\n<p><strong>This means that any personal information you may have collected for future marketing purposes may be subject to the GDPR<\/strong> if the marketing happens when that person was located in the EU. Likewise, <strong>if your company has a website with cookies<\/strong> (files that allow you to collect personal information relating to the users of your website), then you must watch out as you never know where the user may be based.<\/p>\n<p>In brief, what the GDPR regulates is mainly the collection, storage, transfer and usage of any information relating to natural persons. This includes the name, location data, online identifier or cultural traits of that natural person, as long as such information may lead to identifying the concerned person.<\/p>\n<p><strong>Fines are massive and can find their way to Egypt.<\/strong> In certain cases, fines can reach up to EUR 20 million or 4% of the company\u2019s total worldwide annual turnover of the preceding financial year, whichever is higher. Administrative fines are imposed by the competent European supervisory authority. Claims for compensation may be also lodged before EU courts. The GDPR additionally requires all EU States to enforce their international cooperation mechanism to ensure cross-border enforcement where necessary \u2014 these mechanisms are already in place between Egypt and a number of EU countries.<\/p>\n<p><strong>But you\u2019re not in the crosshairs \u2014 not yet, at least. <\/strong>The EU might not apply the extra-territorial effect of the GDPR aggressively on small and medium sized non-EU companies, at least at the early stages. Instead, we expect it to start by targeting large global companies, such as Facebook and Google. It might also focus on substantial leakages of personal data that result in actual damages. <strong>So if this is the first time you hear about the GDPR, don\u2019t panic \u2014 but don\u2019t ignore it, either.<\/strong> You still need to comply.<\/p>\n<p><strong>What you can do now?<\/strong> If your company collects personal information about people outside Egypt, make sure that the concerned persons know who you are, the type of information that you are collecting, and why. For instance:<\/p>\n<ul>\n<li>If your company sends out newsletters, send an email to your list of addressees to seek their consent, with a link directing them to more details on your privacy policy. Remove from your list those who do not agree to receive the newsletters;<\/li>\n<li>If your website uses cookies, install a pop-up on your website that notifies the user that these cookies exist;<\/li>\n<li>If someone requests to correct or delete their data, make sure you comply; <\/li>\n<li>If you do not have a privacy policy, set up one that is clear and easy to understand;<\/li>\n<li>If you outsource service providers who collect personal data on your behalf, discuss GDPR compliance with them;<\/li>\n<li>Also, depending on the nature and amount of personal data that you collect, you may need to designate a representative in the EU. <\/li>\n<\/ul>\n<p><strong>For your background, Egypt does not have a generic data protection law<\/strong>, although various regulations include privacy and secrecy regulations that apply in specific situations. The Egyptian Constitution of 2014 sanctifies private life. It also provides for the secrecy of emails, phone calls and other means of communication and prohibits their monitoring and confiscation without a prior court order and for a limited period. However, it remains to be seen how and whether Egypt will be taking effective steps towards further protection of data protection, especially in light of the new draft law against crimes using technical means, which is currently being drafted.<\/p>\n<p><strong>Want more? <\/strong>Visit these links (<a href=\"https:\/\/www.slaughterandmay.com\/media\/2536708\/gdpr-steps-to-compliance-for-non-eu-companies.pdf\">here<\/a> and <a href=\"http:\/\/www.allenovery.com\/SiteCollectionDocuments\/Preparing%20for%20GDPR%20compliance%20March%202018.PDF\">here<\/a>, both pdfs) for more practical insights on the GDPR.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629209\" 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=\"629209\">\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\/05\/24\/activist-wael-abbas\/\">\r\n                            Activist Wael Abbas                        <\/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\/05\/24\/activist-wael-abbas\/\" 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\/05\/24\/activist-wael-abbas\/')\">\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\/05\/24\/activist-wael-abbas\/\">\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=Activist Wael Abbas&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/activist-wael-abbas\/\">\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\/05\/24\/activist-wael-abbas\/&title=Activist Wael Abbas\">\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=Activist+Wael+Abbas+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Factivist-wael-abbas%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\/05\/24\/activist-wael-abbas\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629209\" class=\"content-area-description single-story post-629209 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>Egypt\u2019s human rights record is black in the spotlight for the foreign press after the arrest yesterday of blogger and activist Wael Abbas. <\/strong>Rights groups are saying that move is part of a campaign to silence government critics, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-politics\/egypt-detains-prominent-blogger-latest-in-arrest-series-idUSKCN1IO1ZE\">Reuters reports<\/a>. \u201cThe roundup appeared to be one of the most far-reaching since the government clampdown that took place in 2013 \u2026 The current crackdown reflects the government\u2019s concern about political instability as a painful economic overhaul is rolled out and voices critical of the state are suppressed,\u201d <a href=\"https:\/\/www.wsj.com\/articles\/egypt-widens-crackdown-ahead-of-presidents-next-term-1527082637?mod=searchresults&page=1&pos=1\">the Wall Street Journal<\/a> writes. \u201cEgyptians who hoped that President Abdel Fattah El Sisi\u2019s thumping victory in the March presidential election \u2026 would encourage the authoritarian government to soften its crackdown on dissent have been disappointed,\u201d <a href=\"https:\/\/www.nytimes.com\/2018\/05\/23\/world\/middleeast\/egypt-sisi-crackdown.html\">adds the New York Times<\/a>.<\/p>\n<p>Meanwhile,<strong> the Armed Forces condemned yesterday a <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/23\/hrw-report-accusing-egypts-military-of-causing-widespread-destruction-in-sinai-tops-coverage-in-the-foreign-press\/\"><strong>Human Rights Watch report<\/strong><\/a><strong> accusing Egyptian forces of destroying homes in North Sinai<\/strong> as they move against terrorist groups and operatives in the area, <a href=\"https:\/\/aawsat.com\/english\/home\/article\/1277421\/egypt-army-denounces-hrw-report-sinai\">Asharq Al-Awsat reports<\/a>. Military spokesperson Tamer Refai said the report was based on \u201cundocumented\u201d evidence and stressed that the military has been taking every precaution protect civilians and civilian infrastructure in North Sinai during the anti-terror campaign.<\/p>\n<p><strong>Drivers working for ride-hailing services are worried about new fees set out by the Ride-Hailing Apps Act<\/strong> despite the support for the bill shown by Uber and Careem, <a href=\"http:\/\/www.saudigazette.com.sa\/article\/535421\/World\/Mena\/Drivers-brace-for-Egyptian-ride-hailing-laws\">notes the Saudi Gazette<\/a>. \u201cIt is too much for an Egyptian,\u201d says one drivers. \u201cAs soon as the law is implemented, I will leave Uber,\u201d says another. The laws will require drivers to pay EGP 3,000 for a special license, which is more than many can pay, the newspaper says.<\/p>\n<p>Other headlines worth noting in brief this morning:<\/p>\n<ul>\n<li><strong>Daesh offshoots in Egypt, Yemen,and Afghanistan are vital to the group\u2019s continued existence<\/strong> as they provide it with \u201cpropaganda presence to maintain its transitional brand after its losses in Syria and Iraq,\u201d <a href=\"https:\/\/www.thenational.ae\/opinion\/comment\/isis-has-stepped-up-its-campaigns-in-yemen-egypt-and-afghanistan-the-coalition-fighting-it-should-be-worried-1.733239\">says the National<\/a>.<\/li>\n<li><strong>Hundreds of Palestinians rushed to the Rafah border crossing as soon as Egypt opened <\/strong>it last week, hoping to use the rare occasion to exit the besieged enclave, <a href=\"https:\/\/www.wsj.com\/articles\/egypt-opens-a-door-and-gaza-residents-rush-for-the-exit-1527026568?mod=searchresults&page=1&pos=2\">the Wall Street Journal reports<\/a>.<\/li>\n<li>Egyptian sports academy Children Without Shelter hopes to<strong> improve the lives of orphans and street children through football<\/strong>, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N1SU5LX\">Reuters reports<\/a>.<\/li>\n<\/ul>\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=\"629210\" 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=\"629210\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/how-exactly-does-plastic-factor-into-how-our-planet-is-faring\/\">\r\n                            How exactly does plastic factor into how our planet is faring?                        <\/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\/05\/24\/how-exactly-does-plastic-factor-into-how-our-planet-is-faring\/\" 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\/05\/24\/how-exactly-does-plastic-factor-into-how-our-planet-is-faring\/')\">\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\/05\/24\/how-exactly-does-plastic-factor-into-how-our-planet-is-faring\/\">\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=How exactly does plastic factor into how our planet is faring?&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/how-exactly-does-plastic-factor-into-how-our-planet-is-faring\/\">\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\/05\/24\/how-exactly-does-plastic-factor-into-how-our-planet-is-faring\/&title=How exactly does plastic factor into how our planet is faring?\">\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=How+exactly+does+plastic+factor+into+how+our+planet+is+faring%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fhow-exactly-does-plastic-factor-into-how-our-planet-is-faring%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\/05\/24\/how-exactly-does-plastic-factor-into-how-our-planet-is-faring\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/711.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"629211\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/how-exactly-does-plastic-factor-into-how-our-planet-is-faring\/711-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/711.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"711.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/711.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/711.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629210\" class=\"content-area-description single-story post-629210 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>How exactly does plastic factor into our planet\u2019s health?<\/strong> The global plastic waste crisis is very much real and <a href=\"https:\/\/news.nationalgeographic.com\/2018\/05\/plastics-facts-infographics-ocean-pollution\/\">National Geographic<\/a> has the numbers and infographs to prove it. According to the magazine, 18 bn pounds of plastic waste ends up in the planet\u2019s oceans every year \u2014 a number that could likely be reduced if we cut back on plastic packaging, which is used once and not recycled despite accounting for 40% of plastic produced. It may seem difficult, but the human race has only really become this dependent on plastic in the past two decades: Almost half of all the plastic ever produced has been made since 2000. Check out the magazine\u2019s years-long series, <a href=\"https:\/\/www.nationalgeographic.com\/environment\/planetorplastic\/\">Planet or Plastic<\/a>, for a world of material on how and why plastic is the \u201cscourge of the Earth.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629212\" 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=\"629212\">\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\/05\/24\/how-cotton-was-grown-in-1940s-egypt\/\">\r\n                            How cotton was grown in 1940s 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\/05\/24\/how-cotton-was-grown-in-1940s-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\/05\/24\/how-cotton-was-grown-in-1940s-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\/05\/24\/how-cotton-was-grown-in-1940s-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=How cotton was grown in 1940s Egypt&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/how-cotton-was-grown-in-1940s-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\/05\/24\/how-cotton-was-grown-in-1940s-egypt\/&title=How cotton was grown in 1940s 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=How+cotton+was+grown+in+1940s+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fhow-cotton-was-grown-in-1940s-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\/05\/24\/how-cotton-was-grown-in-1940s-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/1494.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"629213\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/how-cotton-was-grown-in-1940s-egypt\/1494-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/1494.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1494.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/1494.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/1494.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629212\" class=\"content-area-description single-story post-629212 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>A video released by the British Path\u00e9 news archive shows how cotton was grown in Egypt, during the haydays of the 1940s <\/strong>(<a href=\"https:\/\/www.youtube.com\/watch?v=VUiJ5CjkAR8\">watch, runtime: 08:32<\/a>). The silent footage demonstrates the steps of cotton cultivation, from preparing the land and irrigation to sowing the cotton seed and harvesting the crops. Film nerds with a thing for documentaries in the silent era would find it worth it. For more old footage of Egypt, you can check the <a href=\"https:\/\/www.youtube.com\/user\/britishpathe\/search?query=egypt\">British Path\u00e9 video library<\/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=\"629214\" 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=\"629214\">\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\/05\/24\/sisi-meets-with-jordans-king-abdullah-ii\/\">\r\n                            Sisi meets with Jordan's King Abdullah II                        <\/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\/05\/24\/sisi-meets-with-jordans-king-abdullah-ii\/\" 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\/05\/24\/sisi-meets-with-jordans-king-abdullah-ii\/')\">\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\/05\/24\/sisi-meets-with-jordans-king-abdullah-ii\/\">\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=Sisi meets with Jordan's King Abdullah II&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/sisi-meets-with-jordans-king-abdullah-ii\/\">\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\/05\/24\/sisi-meets-with-jordans-king-abdullah-ii\/&title=Sisi meets with Jordan's King Abdullah II\">\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=Sisi+meets+with+Jordan%27s+King+Abdullah+II+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fsisi-meets-with-jordans-king-abdullah-ii%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\/05\/24\/sisi-meets-with-jordans-king-abdullah-ii\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629214\" class=\"content-area-description single-story post-629214 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>President Abdel Fattah El Sisi met with Jordan\u2019s King Abdullah in Cairo yesterday,<\/strong> according to an <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/384825148703538\">Ittihadiya statement<\/a>. The two leaders discussed regional issues, particularly the latest developments on the Gaza crisis. They reiterated the need to resume direct Palestinian-Israeli negotiations for a two-state solution.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"629216\" 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=\"629216\">\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\/05\/24\/tharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession\/\">\r\n                            Tharwa Petroleum readies to drill in North Sinai\u2019s Noor concession                        <\/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\/05\/24\/tharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession\/\" 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\/05\/24\/tharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession\/')\">\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\/05\/24\/tharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession\/\">\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=Tharwa Petroleum readies to drill in North Sinai\u2019s Noor concession&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/tharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession\/\">\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\/05\/24\/tharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession\/&title=Tharwa Petroleum readies to drill in North Sinai\u2019s Noor concession\">\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=Tharwa+Petroleum+readies+to+drill+in+North+Sinai%E2%80%99s+Noor+concession+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Ftharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession%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\/05\/24\/tharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629216\" class=\"content-area-description single-story post-629216 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\/.b0c13fb1-658e-4727-9d20-23d37b64039e.mp3\"><\/audio><\/figure>\n<p>Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, <a href=\"https:\/\/alborsanews.com\/2018\/05\/23\/1107243\">a company source says<\/a>. The number of wells to be drilled will be determined once the contracts are signed, they added. The Cabinet had approved <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/\">earlier this month<\/a> a USD 105 mn exploration agreement with Eni and Tharwa to search for oil and gas in the Mediterranean off the coast of North Sinai. Parliament had signed off on the agreement earlier in the week.<\/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=\"629218\" 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=\"629218\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/govt-to-turn-minufiya-landfill-into-egp-40-mn-recycling-plant\/\">\r\n                            Gov\u2019t to turn Minufiya landfill into EGP 40 mn recycling plant                        <\/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\/05\/24\/govt-to-turn-minufiya-landfill-into-egp-40-mn-recycling-plant\/\" 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\/05\/24\/govt-to-turn-minufiya-landfill-into-egp-40-mn-recycling-plant\/')\">\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\/05\/24\/govt-to-turn-minufiya-landfill-into-egp-40-mn-recycling-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t to turn Minufiya landfill into EGP 40 mn recycling plant&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/govt-to-turn-minufiya-landfill-into-egp-40-mn-recycling-plant\/\">\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\/05\/24\/govt-to-turn-minufiya-landfill-into-egp-40-mn-recycling-plant\/&title=Gov\u2019t to turn Minufiya landfill into EGP 40 mn recycling plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+to+turn+Minufiya+landfill+into+EGP+40+mn+recycling+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fgovt-to-turn-minufiya-landfill-into-egp-40-mn-recycling-plant%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\/05\/24\/govt-to-turn-minufiya-landfill-into-egp-40-mn-recycling-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629218\" class=\"content-area-description single-story post-629218 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.12fdb6f3-34f3-4f9c-9eed-d1d5eb37f34f.mp3\"><\/audio><\/figure>\n<p>The government is planning to launch development on a EGP 40 mn recycling plant today on the site of what was once an informal landfill in Minufiya, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Report-from-environment-minister.aspx\">according to a statement from the Ismail Cabinet<\/a>. The Abu Kharita landfill, the largest of its kind in Egypt, was recently cleared from nearly 280k tonnes of garbage as part of a wider government plan to eliminate informal landfills across the country, including 12 around Cairo.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629219\" 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=\"629219\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/govt-could-tap-intl-wheat-market-early-after-dubais-aos-failed-to-deliver-on-contracted-shipments\/\">\r\n                            Gov\u2019t could tap int\u2019l wheat market early after Dubai\u2019s AOS failed to deliver on contracted shipments                        <\/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\/05\/24\/govt-could-tap-intl-wheat-market-early-after-dubais-aos-failed-to-deliver-on-contracted-shipments\/\" 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\/05\/24\/govt-could-tap-intl-wheat-market-early-after-dubais-aos-failed-to-deliver-on-contracted-shipments\/')\">\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\/05\/24\/govt-could-tap-intl-wheat-market-early-after-dubais-aos-failed-to-deliver-on-contracted-shipments\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t could tap int\u2019l wheat market early after Dubai\u2019s AOS failed to deliver on contracted shipments&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/govt-could-tap-intl-wheat-market-early-after-dubais-aos-failed-to-deliver-on-contracted-shipments\/\">\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\/05\/24\/govt-could-tap-intl-wheat-market-early-after-dubais-aos-failed-to-deliver-on-contracted-shipments\/&title=Gov\u2019t could tap int\u2019l wheat market early after Dubai\u2019s AOS failed to deliver on contracted shipments\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+could+tap+int%E2%80%99l+wheat+market+early+after+Dubai%E2%80%99s+AOS+failed+to+deliver+on+contracted+shipments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fgovt-could-tap-intl-wheat-market-early-after-dubais-aos-failed-to-deliver-on-contracted-shipments%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\/05\/24\/govt-could-tap-intl-wheat-market-early-after-dubais-aos-failed-to-deliver-on-contracted-shipments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629219\" class=\"content-area-description single-story post-629219 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a2225542-f39d-4a1e-b29d-f0955d60eac6.mp3\"><\/audio><\/figure>\n<p>Dubai-based trader AOS has failed to deliver two of its wheat cargoes to Egypt, which may force the government to tap international wheat markets sooner than expected to maintain wheat reserves, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL3N1SR0DO\">Reuters reports<\/a>. Supply Minister Ali El Moselhy tells the newswire that the company was given two extensions for delivering the wheat but had failed to meet both deadlines. The ministry's wheat buyer GASC through the international wheat market off last week by holding an international tender, despite the ongoing domestic harvest season, which has been proving bountiful and where wheat imports usually halt. The Supply Ministry said on Tuesday that it had purchased a total of 3 mn tonnes of wheat from local farmers so far this year at a cost of EGP 11.8 bn, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N1ST2PW\">according to Reuters<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629221\" 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=\"629221\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/military-production-ministry-eyes-cooperation-with-portugal-to-manufacture-tablets-laptops\/\">\r\n                            Military Production Ministry eyes cooperation with Portugal to manufacture tablets, laptops                        <\/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\/05\/24\/military-production-ministry-eyes-cooperation-with-portugal-to-manufacture-tablets-laptops\/\" 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\/05\/24\/military-production-ministry-eyes-cooperation-with-portugal-to-manufacture-tablets-laptops\/')\">\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\/05\/24\/military-production-ministry-eyes-cooperation-with-portugal-to-manufacture-tablets-laptops\/\">\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=Military Production Ministry eyes cooperation with Portugal to manufacture tablets, laptops&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/military-production-ministry-eyes-cooperation-with-portugal-to-manufacture-tablets-laptops\/\">\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\/05\/24\/military-production-ministry-eyes-cooperation-with-portugal-to-manufacture-tablets-laptops\/&title=Military Production Ministry eyes cooperation with Portugal to manufacture tablets, laptops\">\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=Military+Production+Ministry+eyes+cooperation+with+Portugal+to+manufacture+tablets%2C+laptops+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fmilitary-production-ministry-eyes-cooperation-with-portugal-to-manufacture-tablets-laptops%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\/05\/24\/military-production-ministry-eyes-cooperation-with-portugal-to-manufacture-tablets-laptops\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629221\" class=\"content-area-description single-story post-629221 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.fd989b4c-baf6-4c90-8c97-bc70d27c2b8c.mp3\"><\/audio><\/figure>\n<p>Military Production Minister Mohamed El Assar met yesterday with the CEO of Portuguese electronic product design company <a href=\"https:\/\/www.bloomberg.com\/research\/stocks\/private\/snapshot.asp?privcapId=52250391\">JP S\u00e1 Couto<\/a> to discuss potentially cooperating in manufacturing electronic tablets and laptops, according to <a href=\"https:\/\/www.youm7.com\/story\/2018\/5\/23\/%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D8%AD%D8%B1%D8%A8%D9%89-%D9%8A%D8%A8%D8%AD%D8%AB-%D9%85%D8%B9-%D8%B4%D8%B1%D9%83%D8%A9-%D8%A8%D8%B1%D8%AA%D8%BA%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%81%D9%89-%D8%AA%D8%B5%D9%86%D9%8A%D8%B9-%D8%A7%D9%84%D8%AA%D8%A7%D8%A8%D9%84%D8%AA\/3805127\">state news agency MENA<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629222\" 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=\"629222\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/misr-italia-buys-110-feddans-for-egp-9-bn-project-in-new-capital\/\">\r\n                            Misr Italia buys 110 feddans for EGP 9 bn project in new capital                        <\/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\/05\/24\/misr-italia-buys-110-feddans-for-egp-9-bn-project-in-new-capital\/\" 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\/05\/24\/misr-italia-buys-110-feddans-for-egp-9-bn-project-in-new-capital\/')\">\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\/05\/24\/misr-italia-buys-110-feddans-for-egp-9-bn-project-in-new-capital\/\">\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=Misr Italia buys 110 feddans for EGP 9 bn project in new capital&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/misr-italia-buys-110-feddans-for-egp-9-bn-project-in-new-capital\/\">\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\/05\/24\/misr-italia-buys-110-feddans-for-egp-9-bn-project-in-new-capital\/&title=Misr Italia buys 110 feddans for EGP 9 bn project in new capital\">\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=Misr+Italia+buys+110+feddans+for+EGP+9+bn+project+in+new+capital+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fmisr-italia-buys-110-feddans-for-egp-9-bn-project-in-new-capital%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\/05\/24\/misr-italia-buys-110-feddans-for-egp-9-bn-project-in-new-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629222\" class=\"content-area-description single-story post-629222 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\/.8d22f03f-56b2-4711-84fe-f7f258006163.mp3\"><\/audio><\/figure>\n<p>Real estate developer Misr Italia Properties has purchased a 110 feddan plot in the new capital to build an EGP 9 bn project, <a href=\"http:\/\/www.almalnews.com\/Story\/376925\/16\/%D9%85%D8%B5%D8%B1-%D8%A5%D9%8A%D8%B7%D8%A7%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%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9%D9%84%D9%89-%D8%A3%D8%B1%D8%B6-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D8%A7%D9%84%D8%B9%D8%A7%D8%B5%D9%85%D8%A9-%D8%A7%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D9%8A%D8%A9\">Al Mal reports<\/a>. The company is currently in talks with global consultants and architects to join the project.<\/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=\"629223\" 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=\"629223\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/te-to-settle-with-etisalat-orange-for-egp-1-2-bn\/\">\r\n                            TE to settle with Etisalat, Orange for EGP 1.2 bn                        <\/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\/05\/24\/te-to-settle-with-etisalat-orange-for-egp-1-2-bn\/\" 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\/05\/24\/te-to-settle-with-etisalat-orange-for-egp-1-2-bn\/')\">\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\/05\/24\/te-to-settle-with-etisalat-orange-for-egp-1-2-bn\/\">\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=TE to settle with Etisalat, Orange for EGP 1.2 bn&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/te-to-settle-with-etisalat-orange-for-egp-1-2-bn\/\">\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\/05\/24\/te-to-settle-with-etisalat-orange-for-egp-1-2-bn\/&title=TE to settle with Etisalat, Orange for EGP 1.2 bn\">\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=TE+to+settle+with+Etisalat%2C+Orange+for+EGP+1.2+bn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fte-to-settle-with-etisalat-orange-for-egp-1-2-bn%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\/05\/24\/te-to-settle-with-etisalat-orange-for-egp-1-2-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629223\" class=\"content-area-description single-story post-629223 post type-post status-publish format-standard hentry category-telecoms-ict tag-enterpriseam tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.ace630a6-82e7-448a-8b5e-be019ef968ef.mp3\"><\/audio><\/figure>\n<p>Telecom Egypt (TE) will pay EGP 1.2 bn to Etisalat Misr and Orange Egypt to settle past and long-standing disputes which had gone through arbitration proceedings, the company said i<a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/217284_1.pdf\">n its general assembly minutes (pdf)<\/a>. TE will pay Etisalat the lion\u2019s share of EGP 924 mn over TE withholding payments for using Etisalat\u2019s network to run international calls. TE will pay Orange EGP 250 mn over a dispute over utilization fees.<\/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\/telecoms-ict\/\">Telecoms + ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629224\" 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=\"629224\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/cbe-instructs-banks-to-verify-licensing-of-charities-before-accepting-donations\/\">\r\n                            CBE instructs banks to verify licensing of charities before accepting donations                        <\/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\/05\/24\/cbe-instructs-banks-to-verify-licensing-of-charities-before-accepting-donations\/\" 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\/05\/24\/cbe-instructs-banks-to-verify-licensing-of-charities-before-accepting-donations\/')\">\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\/05\/24\/cbe-instructs-banks-to-verify-licensing-of-charities-before-accepting-donations\/\">\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=CBE instructs banks to verify licensing of charities before accepting donations&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/cbe-instructs-banks-to-verify-licensing-of-charities-before-accepting-donations\/\">\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\/05\/24\/cbe-instructs-banks-to-verify-licensing-of-charities-before-accepting-donations\/&title=CBE instructs banks to verify licensing of charities before accepting donations\">\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=CBE+instructs+banks+to+verify+licensing+of+charities+before+accepting+donations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fcbe-instructs-banks-to-verify-licensing-of-charities-before-accepting-donations%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\/05\/24\/cbe-instructs-banks-to-verify-licensing-of-charities-before-accepting-donations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629224\" class=\"content-area-description single-story post-629224 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance 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\/.04e69028-1243-446c-8e0a-48e914c329af.mp3\"><\/audio><\/figure>\n<p>The CBE has <a href=\"http:\/\/www.cbe.org.eg\/en\/Pages\/HighlightsPages\/Circular-dated-22-May-2018-regarding-opening-accounts-to-licensed-NGOs-only-for-donation-purposes-.aspx\">instructed banks<\/a> to make sure NGOs and charities have the required licenses from the Social Solidarity Ministry as per the 2017 NGOs law before opening accounts for them to receive clients\u2019 donations.<\/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\/banking-finance\/\">BANKING + FINANCE<\/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=\"629225\" 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=\"629225\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/egypt-holds-first-workers-union-elections-after-labor-unions-acts-passage\/\">\r\n                            Egypt holds first workers union elections after Labor Unions Act\u2019s passage                        <\/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\/05\/24\/egypt-holds-first-workers-union-elections-after-labor-unions-acts-passage\/\" 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\/05\/24\/egypt-holds-first-workers-union-elections-after-labor-unions-acts-passage\/')\">\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\/05\/24\/egypt-holds-first-workers-union-elections-after-labor-unions-acts-passage\/\">\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 holds first workers union elections after Labor Unions Act\u2019s passage&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/egypt-holds-first-workers-union-elections-after-labor-unions-acts-passage\/\">\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\/05\/24\/egypt-holds-first-workers-union-elections-after-labor-unions-acts-passage\/&title=Egypt holds first workers union elections after Labor Unions Act\u2019s passage\">\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+holds+first+workers+union+elections+after+Labor+Unions+Act%E2%80%99s+passage+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fegypt-holds-first-workers-union-elections-after-labor-unions-acts-passage%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\/05\/24\/egypt-holds-first-workers-union-elections-after-labor-unions-acts-passage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629225\" class=\"content-area-description single-story post-629225 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.66c7c4fe-41fe-4da4-9639-ade64f41f5bd.mp3\"><\/audio><\/figure>\n<p>Egypt held the first workers union elections in 12 years yesterday, <a href=\"https:\/\/gulfnews.com\/news\/mena\/egypt\/egypt-holds-long-delayed-trade-union-vote-1.2225708\">Gulf News reports<\/a>. The vote comes six months after the contentious Labor Unions Act, which regulates the formation and activities of workers unions, <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/06\/house-approves-labor-unions-act-youth-institutions-act-ban-on-drones\/\">passed the House of Representatives<\/a>. The legislation earned the ire of many as it made its way through Parliament, including the International Labor Organization, the World Federation of Trade Unions, and the Egyptian Federation of Trade Unions for being too restrictive to union activity and freedom. The law does not allow for the formation of independent unions. Some unionists speaking to Gulf News also say the process was \u201crushed\u201d to get Egypt removed from the ILO\u2019s \u201cblacklist\u201d for allegedly violating workers\u2019 rights.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629229\" 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=\"629229\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/parts-of-massive-greco-roman-structure-unearthed-in-gharbiya\/\">\r\n                            Parts of \u201cmassive\u201d Greco-Roman structure unearthed in Gharbiya                        <\/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 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in Gharbiya\">\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=Parts+of+%E2%80%9Cmassive%E2%80%9D+Greco-Roman+structure+unearthed+in+Gharbiya+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F24%2Fparts-of-massive-greco-roman-structure-unearthed-in-gharbiya%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\/05\/24\/parts-of-massive-greco-roman-structure-unearthed-in-gharbiya\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/2924.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"629230\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/parts-of-massive-greco-roman-structure-unearthed-in-gharbiya\/2924-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/2924.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2924.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/2924.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/2924.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629229\" class=\"content-area-description single-story post-629229 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Greco-Roman bath discovered in Gharbiya:<\/strong> Egyptian archaeologists have unearthed parts of a \u201cmassive\u201d red brick structure that could be a Greco-Roman bath at Sen El Hagar archaeological site in Gharbiya, according to the <a href=\"http:\/\/www.antiquities.gov.eg\/DefaultAr\/pages\/NewsDetails.aspx?newsid=375\">Antiquities Ministry<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629231\" 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=\"629231\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">20<\/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\/05\/24\/629231\/\">\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           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         <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/629231\/\">\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\/05\/24\/629231\/&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%2F05%2F24%2F629231%2F\">\n                  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17.86 | Sell 17.96<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.77 | Sell 17.87<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 16,663 (Almost Flat)<br \/>\n <strong>Turnover:<\/strong> EGP 684 mn (41% BELOW the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +10.9%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Wednesday\u2019s session almost flat. CIB, the index heaviest constituent ended up 0.1%. EGX30\u2019s top performing constituents were Amer Group up 3.1%, Egyptian Iron & Steel up 2.9% and TMG Holding 2.2%. Yesterday\u2019s worst performing stocks were Abu Dhabi Islamic Bank down 2.5%, Eastern Co down 1.6%, and Qalaa Holdings down 1.6%. The market turnover was EGP 684 mn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -9.2 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +20.8 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -11.6 mn<\/p>\n<p><strong>Retail<\/strong>: 63.2% of total trades | 65.4% of buyers | 61.0% of sellers<br \/>\n <strong>Institutions<\/strong>: 36.8% of total trades | 34.6% of buyers | 39.0% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 23.7% of total | 23.0% of buyers | 24.3% of sellers<br \/>\n <strong>Regional:<\/strong> 8.4% of total | 10.0% of buyers | 6.9% of sellers<br \/>\n <strong>Domestic:<\/strong> 67.9% of total | 67.0% of buyers | 68.7% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 71.83 (-0.01%)<br \/>\n <strong>Brent:<\/strong> USD 79.80 (+0.29%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.92 MMBtu, (+0.21%, June 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,298.90 \/ troy ounce (+0.32%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 8,039.05 (-0.07%) (YTD: +11.25%)<br \/>\n <strong>ADX:<\/strong> 4,585.57 (+1.30%) (YTD: +4.25%)<br \/>\n <strong>DFM:<\/strong> 2,946.67 (-0.89%) (YTD: -12.56%)<br \/>\n <strong>KSE Premier Market:<\/strong> 4,718.45 (-0.72%)<br \/>\n <strong>QE:<\/strong> 8,999.92 (+0.07%) (YTD: +5.59%)<br \/>\n <strong>MSM:<\/strong> 4,556.70 (-0.49%) (YTD: -10.64%)<br \/>\n <strong>BB: <\/strong>1,267.04 (+0.12%) (YTD: -4.86%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629232\" 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\/05\/24\/629232\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629232\" class=\"content-area-description single-story post-629232 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>14 June (Thursday): 2018 World Cup kickoff match between Russia and Saudi Arabia, Moscow, Russia.<\/p>\n<p>15 June (Friday): Egypt\u2019s first 2018 World Cup match against Uruguay, Yekaterinburg, Russia.<\/p>\n<p>15-17 June (Friday-Sunday): Eid Al Fitr (TBC), national holiday (Look for possible Monday off given the first day falls on a Friday).<\/p>\n<p>19 June (Tuesday): Egypt plays against Russia at 2018 World Cup, St. Petersburg, Russia.<\/p>\n<p>25 June (Monday): Egypt plays against Saudi Arabia at 2018 World Cup, Volgograd, Russia.<\/p>\n<p>28 June (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>1 July (Sunday): Application deadline for the DigitalAG4Egypt Challenge.<\/p>\n<p>16 August (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday.<\/p>\n<p>04-05 September (Tuesday-Wednesday): <a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a>, Cairo.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"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>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":629187,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-629186","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"05f868ab-a90c-457e-b894-4838999d3f2c","teaser":"","photo_url":"https:\/\/ent.news\/2017\/7\/924.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>Gov\u2019t girds for summer of energy price hikes - 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\" 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