{"id":629403,"date":"2018-05-30T04:11:32","date_gmt":"2018-05-30T04:11:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=629403"},"modified":"2025-12-17T10:55:35","modified_gmt":"2025-12-17T10:55:35","slug":"uk-pledges-usd-1-6-bn-for-carbon-holdings-but-no-word-on-sharm-flights","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/uk-pledges-usd-1-6-bn-for-carbon-holdings-but-no-word-on-sharm-flights\/","title":{"rendered":"UK pledges USD 1.6 bn for Carbon Holdings, but no word on Sharm flights"},"content":{"rendered":"<section id=\"629405\" 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=\"629405\">\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\/30\/what-were-tracking-on-30-may-2018\/\">\r\n                            What we\u2019re tracking on 30 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\/30\/what-were-tracking-on-30-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(); 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We had an exclusive sit-down with Stuart yesterday, during which he told us the UK is <strong>committing c. USD 1.6 bn in financing to a more than USD 10 bn petrochemical complex<\/strong> being developed by Basil El Baz\u2019s Carbon Holdings. We have chapter and verse on the financing for Tahrir Petrochemicals Corporation and other announcements in today\u2019s speed round.<\/p><p>In our chat yesterday, Stuart stressed <strong>the UK\u2019s interest in boosting economic ties as Egypt grows into a regional economic power<\/strong>. The minister is meeting with his Egyptian counterpart, Sahar Nasr, as well as Trade Minister Tarek Kabil and Higher Education Minister Khaled Abdel Ghaffar and held talks yesterday with Oil Minister Tarek El Molla.<\/p><p><strong>Is it is just us, or do people seem to _need_ to worry right now? <\/strong>While the Emerging Markets Zombie Apocalypse continues to simmer in the background, the global financial community has something else to worry about this morning, the pundits tell us: <strong>The prospect of a political and financial meltdown in Europe<\/strong>, our largest trade partner, <strong>thanks to political turbulence in Italy.<\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Italian politics sparked a global equities selloff yesterday <\/strong>that is the lead story in every international business publication we track this morning. Asian shares extended the rout today, <a href=\"https:\/\/www.reuters.com\/article\/us-global-markets\/worsening-italian-crisis-batters-financial-markets-idUSKCN1IV004?il=0\">Reuters notes<\/a>.<\/p><p><strong>So, what happened in Italy yesterday? <\/strong>A political crisis over who forms the next government \u201cspooked international markets on Tuesday,\u201d the <a href=\"https:\/\/www.ft.com\/content\/f1655aa4-6320-11e8-a39d-4df188287fff\">Financial Times<\/a> reports, \u201cafter its central bank chief warned that Rome was on the cusp of losing investors\u2019 hard-won trust, sending European and US bank shares lower as traders gauged which lenders could weather a new eurozone storm.\u201d<\/p><p><strong>Bank shares in Italy, the US and the UK really took it on the chin. <\/strong>Citi, JPMorgan, Bank of America and Morgan Stanley were all down 4% or more yesterday. Investors flocked to the greenback, the yen and US treasuries, where the 10-year yield declined 15 bps to 2.78%.<\/p><p><strong>Where does it go from here? <\/strong><a href=\"https:\/\/www.cnbc.com\/2018\/05\/29\/italy-could-be-the-next-greece--only-much-worse.html\">CNBC<\/a> quotes analysts who it says think Italy could be \u201cthe next Greece \u2014 only much worse,\u201d with one noting that \u201cItaly\u2019s economy is 10 times larger than that of Greece.\u201d The <a href=\"https:\/\/www.cnbc.com\/2018\/05\/29\/heres-why-markets-are-so-scared-of-the-latest-italian-political-drama.html\">best (and most balanced) explainer<\/a> we\u2019ve read so far is Patti Domm\u2019s Market Insider piece for CNBC. The hand-wringing suggests we are looking at consequences as far reaching as Italy <strong>dumping the euro<\/strong>, another <strong>Greece-style crisis<\/strong> or even <strong>Brexit<\/strong>, Mark II. It\u2019s the apocalypse \u2014 run.<\/p><p><strong>Where did this Italian political crisis come from, anyway? <\/strong>The country\u2019s president, Sergio Mattarella, decided on Sunday to block the formation of a eurosceptic government, <a href=\"https:\/\/www.wsj.com\/articles\/italy-sparks-global-fear-of-fresh-euro-crisis-1527596280\">the WSJ said<\/a>, reviving \u201clongstanding worries about the broader stability of the eurozone\u201d amid the specter of a \u201cfresh round of elections that could strengthen the hand of antieuro forces.\u201d It all has George Soros worrying about \u201c<strong>another major financial crisis<\/strong>,\u201d <a href=\"https:\/\/www.ft.com\/content\/c5958712-6313-11e8-a39d-4df188287fff\">the FT<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-05-29\/soros-sees-new-global-financial-crisis-brewing-eu-under-threat\">Bloomberg<\/a> add.<\/p><p><strong>Do we all have financial PTSD? <\/strong>Much of the global financial press (and a certain type of investor) really seem to need, deep in their bones, for there to be another global financial crisis. It feels a bit like those of us who had trouble re-adapting to a 9am-5pm work day, five days a week, after years post-2011 that were punctuated nearly every week by, \u201cOh no, \u2018X\u2019 road is closed because of protests ahead of the Latest Friday of Idiocy, let\u2019s send the staff home.\u201d<\/p><p><strong>Abraaj has lost two more senior executives<\/strong>, the <a href=\"https:\/\/www.wsj.com\/articles\/two-senior-executives-resign-from-abraaj-1527618866\">Wall Street Journal<\/a> reports, saying that the CFO and COO of the embattled outfit\u2019s private equity unit have followed out the door our friend Mustafa Abdel Wadood (former managing partner) and the firm\u2019s head of impact investing. Now-former COO Matthew McGuire reportedly said in an email to staff that he was stepping down because of \u201crecent developments\u201d after just three months in his role. The Dubai-based emerging markets private equity firm has been under fire since high-profile investors forced an audit of how funds in a USD 1 bn healthcare fund were used. (The fund in question is not the one through which Abraaj invested in Egyptian healthcare opportunities.)<\/p><p><strong>Okay, is there an antidote to all the negativity out there? <\/strong>Not so much this morning. People, globally, are in a reasonably grumpy mood. That said, we can offer you this:<\/p><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Cairo is the cheapest big city in the UBS Global Cities Ranking 2018.<\/strong> The study, which ranks cities by purchasing power and earnings, saw Cairo fall to the bottom of the 77 cities named in the report. Just to give you a sense as to how cheap we are, a haircut (<a href=\"http:\/\/www.4-traders.com\/UBS-GROUP-19156942\/news\/UBS-Prices-Earnings-report-compares-the-cost-of-living-in-77-cities-worldwide-finds-Zurich-is-w-26671390\/?utm_medium=RSS&amp;utm_content=20180529\">one of the 128 goods and services measured<\/a>) in Cairo costs on average USD 7.50, while in Zurich (which topped the list) a standard haircut for women costs USD 94.30. To get the perspective on the <a href=\"https:\/\/www.theguardian.com\/business\/2018\/may\/29\/london-tumbles-in-city-rankings-for-rent-and-shopping-ubs-survey\">earnings side<\/a>, Egyptian bus drivers make USD 860 per annum, while those lucky enough to drive in Luxembourg make USD 99,241 a year. <strong>You can checkout the list and run your own price analysis at the <\/strong><a href=\"https:\/\/www.ubs.com\/microsites\/prices-earnings\/en\/explore\"><strong>UBS microsite<\/strong><\/a> when it comes back online, as it was down as of dispatch.<\/p><p><strong>Sleeping in on the weekend could save your life. <\/strong>Don\u2019t get enough sleep on weekdays? You have 65% higher mortality rate than your peers if you get five hours\u2019 sleep a night or less. Scary, right? But there may be a remedy: Researchers have found that people who sleep too little during the week had no increase in mortality risk <strong>as long as they slept longer on weekends<\/strong>, <a href=\"https:\/\/www.theguardian.com\/science\/2018\/may\/23\/weekend-lie-ins-could-help-you-avoid-an-early-death-study-says\">the Guardian<\/a> reports.<\/p><p><strong>Global green banking principles to go live in November? <\/strong>Our friends at CIB were one of 26 global financial institutions that helped draft new global banking principles that \u201calign with the UN Sustainable Development Goals and the Paris Agreement on climate change.\u201d The UN Environmental Programme Finance Initiative will look to drive change worldwide by capitalizing on \u201cthe influence banks have on other industries.\u201d The green banking principles will launch in November at a global event in France, <a href=\"https:\/\/www.cibeg.com\/English\/News\/Pages\/CIB-contributes-to-the-UNEP-FI-Banking-Principles.aspx\">CIB notes in a statement<\/a>.<\/p><p><strong>Your Ramadan rundown for today:<\/strong><\/p><p><strong>Bank hours <\/strong>run 09:30 am to 01:30 pm for customers and from 09:00 am to 02:00 pm for employees, CBE announced.<\/p><p><strong>The EGX is running shorter trading hours. <\/strong>The trading session kicks off at 10:00 am, but closes at 1:30 pm. <a href=\"http:\/\/www.egx.com.eg\/English\/newsdetails.aspx?NewsID=173218\">Tap or click here for the full schedule<\/a>.<\/p><p><strong>We\u2019re looking at reasonably good weather for the rest of the week, <\/strong>with the mercury set to hover between 32\u00b0C and 34\u00b0C all the way through Friday. A spell of warmer weather is on the horizon starting Saturday, according to the long-range forecast on our favorite weather app.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>So, when do we eat?<\/strong> For those of us observing, Maghrib is at 6:50 pm CLT today. You\u2019ll have until 3:11 am tomorrow to finish your sohour.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629406\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center 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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=\"629407\" 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=\"629407\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We\u2019re Tracking This Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/what-were-tracking-this-week-30\/\">\r\n                            What we\u2019re tracking this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/what-were-tracking-this-week-30\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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            \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\/30\/what-were-tracking-this-week-30\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629407\" class=\"content-area-description single-story post-629407 post type-post status-publish format-standard hentry category-what-were-tracking-this-week tag-enterpriseam tag-what-were-tracking-this-week wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi will be sworn in for his second presidential term on Saturday, <\/strong>2 June, at the House of Representatives, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1953626.aspx\">Ahram Gate reports<\/a>.<\/p>\n<p><strong>Afreximbank is hosting a conference on deepening Egypt-Africa Trade tomorrow<\/strong>. The event is a precursor to the Afreximbank-backed <a href=\"https:\/\/www.intrafricantradefair.com\/\">Intra-African Trade Fair<\/a>, set to run in Cairo from 11-18 December. To attend Thursday\u2019s conference, <a href=\"https:\/\/www.facebook.com\/events\/125187868354877\/\">check the event\u2019s Facebook page here<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629408\" 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=\"629408\">\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\/30\/last-nights-talk-shows-on-30-may-2018\/\">\r\n                            Last Night\u2019s Talk Shows on 30 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 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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 talking heads are still on hiatus. <\/strong>Is it too early to admit we kinda miss them?<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629409\" 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=\"629409\">\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\/30\/uk-government-to-provide-usd-1-6-bn-funding-package-to-carbon-holdings-tahrir-plant-uk-investment-minister\/\">\r\n                            UK government to provide USD 1.6 bn funding package to Carbon Holdings\u2019 Tahrir plant -UK Investment Minister                        <\/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\" 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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\/30\/uk-government-to-provide-usd-1-6-bn-funding-package-to-carbon-holdings-tahrir-plant-uk-investment-minister\/&title=UK government to provide USD 1.6 bn funding package to Carbon Holdings\u2019 Tahrir plant -UK Investment Minister\">\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=UK+government+to+provide+USD+1.6+bn+funding+package+to+Carbon+Holdings%E2%80%99+Tahrir+plant+-UK+Investment+Minister+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Fuk-government-to-provide-usd-1-6-bn-funding-package-to-carbon-holdings-tahrir-plant-uk-investment-minister%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\/30\/uk-government-to-provide-usd-1-6-bn-funding-package-to-carbon-holdings-tahrir-plant-uk-investment-minister\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629409\" class=\"content-area-description single-story post-629409 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- The UK will be providing Carbon Holdings\u2019 Tahrir Petrochemicals Corporation with \u201can unprecedented\u201d USD 1.6 bn financing package<\/strong> through UK Export Finance, the country\u2019s export credit agency, UK Minister of Investment Graham Stuart told us in an interview in Cairo yesterday.<\/p>\n<p><strong>TPC could help double Egypt\u2019s total exports, catalyze industrial growth: <\/strong>\u201cWe are excited about Egypt developing its downstream capabilities and supportive of the aspiration that the plant could help double total Egyptian exports,\u201d he said, adding that the project will not only create jobs, but could also serve as a \u201ccatalyst for the development of more manufacturing and other labor intensive activities.\u201d The UK government is in the \u201cclosing stages\u201d for the financing, he also said. Carbon Holdings had <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/22\/carbon-holdings-to-reach-financial-close-on-tahrir-petrochem-complex-by-years-end\/\">said last month<\/a> it was planning to reach financial close on the nearly USD 11 bn project by year\u2019s end. The outfit is covering 26% of the plant\u2019s cost with equity commitments, with the remainder of the finding package taking the form of loans backed by development finance institutions from countries including the UK, United States and Germany, the company said at the time.<\/p>\n<p><strong>Show of confidence in Egypt: <\/strong>The financing package for TPC is a \u201cshow of confidence\u201d in Egypt and its reform program from its \u201ctop foreign direct investor,\u201d Stuart said, adding that UK investments round off to 41% of Egypt\u2019s total FDI inflows.<\/p>\n<p><strong>UK investors see opportunity across a wide range of sectors in Egypt, including tech and education,<\/strong> which hold a lot of untapped potential,the minister said.<\/p>\n<p><a href=\"http:\/\/www.blatchford.co.uk\/\"><strong>Prosthetics maker Blatchford<\/strong><\/a><strong> is planning to establish a major \u201cstate-of-the-art microprocessor limb manufacturing plant\u201d in Egypt<\/strong> that is expected to \u201chelp develop that kind of technological capacity in the country.\u201d<\/p>\n<p><strong>Investing in K-12, post-secondary education: <\/strong>Education and the development of human capital also offer opportunities, he added, pointing to a 2017 agreement between the government and <a href=\"https:\/\/www.kortext.com\/about-us\">personal learning platform Kortext<\/a> to ensure the availability of Education Ministry-issued textbooks to school students. The British government is also trying to support the establishment of British university campuses in Egypt, with Liverpool University already in advanced talks to open a local branch.<\/p>\n<p><strong>On oil and gas<\/strong>, a traditional strength for the UK in Egypt, companies including Shell and BP are already well established in the local market, Stuart said. The minister met with Oil Minister Tarek El Molla yesterday, <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1295863\">according to Al Masry Al Youm<\/a>. El Molla directed UK investors to new tenders out for oil and gas exploration and plans underway to turn Egypt into a hub for natural gas exports, particularly to Europe.<\/p>\n<p><strong>\u201cDouble-down\u201d on reforms: <\/strong>The British government is looking to \u201cexplore ways that we can support the government\u2019s reform program,\u201d which has already delivered results such as lower inflation and unemployment rates, Stuart also told us. \u201cWe want to be partners in helping them strengthen that.\u201d The UK, through the London Stock Exchange, has already helped Egypt raise USD 11 bn in sovereign bonds and is ready to help private sector companies looking to join the financial market. \u201cIt\u2019s a constant battle to work to get your fundamentals right and the government\u2019s made great progress over the last two years,\u201d he said. \u201cOur recommendation would be to double-down on that and say that you got to keep working to improve the ease of doing business and to give investors confidence and create the best possible environment to attract and retain investors.\u201d<\/p>\n<p><strong>Does that mean flights to Sharm will be back soon? <\/strong>Don\u2019t get ahead of yourself, Bubba. Talks on that front are ongoing, Stuart said: \u201cWe\u2019re pointing out that we have 47 flights a week from the UK to Egypt as we stand,\u201d including trips to Marsa Alam, Luxor, and Hurghada, he said, noting that UK tourist arrivals to Egypt nearly doubled last year, \u201cand we\u2019re expecting the same again to happen this year.\u201d<\/p>\n<p><strong>Post-Brexit trade relations are also secure<\/strong>, the minister said. The UK government is working hard to ensure that its exit from the European Union will not impact its freetrade agreements with all its trade partners, Egypt included. While both governments are keen on the continuity of trade ties, talks over new bilateral agreements will have to wait until the UK is both out of the EU and the implementation period that will follow, he told us.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629423\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629424\" 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=\"629424\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/the-colorful-tanoura-dance-of-egyptian-folklore\/\">\r\n                            The colorful Tanoura dance of Egyptian folklore                        <\/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\/30\/the-colorful-tanoura-dance-of-egyptian-folklore\/\" 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\/30\/the-colorful-tanoura-dance-of-egyptian-folklore\/')\">\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\/30\/the-colorful-tanoura-dance-of-egyptian-folklore\/\">\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=The colorful Tanoura dance of Egyptian folklore&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/the-colorful-tanoura-dance-of-egyptian-folklore\/\">\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\/30\/the-colorful-tanoura-dance-of-egyptian-folklore\/&title=The colorful Tanoura dance of Egyptian folklore\">\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=The+colorful+Tanoura+dance+of+Egyptian+folklore+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Fthe-colorful-tanoura-dance-of-egyptian-folklore%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\/30\/the-colorful-tanoura-dance-of-egyptian-folklore\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/2186.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"629425\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/the-colorful-tanoura-dance-of-egyptian-folklore\/2186-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/2186.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2186.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/2186.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/2186.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629424\" class=\"content-area-description single-story post-629424 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Sufi Dervishes performing the Egyptian folkloric Tanoura dance are a centerpiece in one of the <\/strong><a href=\"http:\/\/www.bbc.com\/news\/world-africa-44241337\"><strong>BBC\u2019s latest photo series<\/strong><\/a>. Dancing at Cairo\u2019s El Ghuri Culture Palace, the dervishes are captured in their essence, swirling to music and chanting.<\/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\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629426\" 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=\"629426\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/affordably-priced-meds-and-a-politically-committed-government-helped-egypt-treat-hep-c-patients-at-an-unprecedented-pace\/\">\r\n                            Affordably priced meds and a politically committed government helped Egypt treat Hep C patients \u201cat an unprecedented pace\u201d                        <\/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\/30\/affordably-priced-meds-and-a-politically-committed-government-helped-egypt-treat-hep-c-patients-at-an-unprecedented-pace\/\" 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\/30\/affordably-priced-meds-and-a-politically-committed-government-helped-egypt-treat-hep-c-patients-at-an-unprecedented-pace\/')\">\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\/30\/affordably-priced-meds-and-a-politically-committed-government-helped-egypt-treat-hep-c-patients-at-an-unprecedented-pace\/\">\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=Affordably priced meds and a politically committed government helped Egypt treat Hep C patients \u201cat an unprecedented pace\u201d&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/affordably-priced-meds-and-a-politically-committed-government-helped-egypt-treat-hep-c-patients-at-an-unprecedented-pace\/\">\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\/30\/affordably-priced-meds-and-a-politically-committed-government-helped-egypt-treat-hep-c-patients-at-an-unprecedented-pace\/&title=Affordably priced meds and a politically committed government helped Egypt treat Hep C patients \u201cat an unprecedented pace\u201d\">\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=Affordably+priced+meds+and+a+politically+committed+government+helped+Egypt+treat+Hep+C+patients+%E2%80%9Cat+an+unprecedented+pace%E2%80%9D+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Faffordably-priced-meds-and-a-politically-committed-government-helped-egypt-treat-hep-c-patients-at-an-unprecedented-pace%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\/30\/affordably-priced-meds-and-a-politically-committed-government-helped-egypt-treat-hep-c-patients-at-an-unprecedented-pace\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629426\" class=\"content-area-description single-story post-629426 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>Affordably priced meds and a politically committed government has allowed Egypt to treat Hepatitis C patients \u201cat an unprecedented pace,\u201d<\/strong> Ted Alcorn <a href=\"https:\/\/www.theatlantic.com\/health\/archive\/2018\/05\/why-egypt-is-at-the-forefront-of-hepatitis-c-treatment\/561305\/\">writes for the Atlantic<\/a>. Pharmaceuticals manufacturers were willing to make the treatment available at affordable prices once they recognized that the country would not be able to afford the initially high price at which they were being sold. \u201cIn poorer countries like Egypt, pharmaceutical companies have been more willing to offer drugs at or near the cost of manufacturing, to reflect the countries\u2019 ability to pay.\u201d Egypt\u2019s ability to drive down the meds\u2019 retail price, coupled with its aggressive screening and treatment disbursal campaigns, has set an example for countries working towards Hepatitis C elimination, Alcorn says. \u201cEgypt has shown that dramatic improvements in public health are possible when drugs are priced affordably \u2014 and a government makes an effort to systematically deploy them.\u201d<\/p>\n<p>Other stories that caught our eye in an otherwise slow news day for Egypt in the international press:<\/p>\n<ul>\n<li><strong>Squash power duo of Mohamed El Shorbagy and Nour El Sherbini<\/strong> sat down for an interview <a href=\"https:\/\/gulfnews.com\/sport\/uae\/more-uae\/egyptian-squash-duo-downplay-favourites-tag-1.2228611\">with Gulf News<\/a>.<\/li>\n<li><strong>The cartoon character Bakkar is helping bridge the gap <\/strong>between what it means to be Nubian and what it means to be Egyptian, writes Marlies Van Coillie for <a href=\"https:\/\/www.mysalaam.com\/en\/story\/egyptian-from-the-inside-nubian-from-the-outside-bakkar-is-the-face-of-national-unity-and-ramadan-in-egypt\/SALAAM29052018095242\">Thomson Reuters\u2019 My Salaam<\/a>. <\/li>\n<li><strong>Egypt is working to mediate a ceasefire in the latest flare up between Israel and Gaza <\/strong>by urging Hamas to halt military attacks on Israel, <a href=\"https:\/\/www.timesofisrael.com\/egypt-said-attempting-to-mediate-end-to-gaza-flare-up\/\">the Times of Israel reports<\/a>. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629427\" 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=\"629427\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/shoukry-sudans-al-dhikheri-talk-gerd-bilateral-issues\/\">\r\n                            Shoukry, Sudan\u2019s Al Dhikheri talk GERD, bilateral issues                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/shoukry-sudans-al-dhikheri-talk-gerd-bilateral-issues\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/shoukry-sudans-al-dhikheri-talk-gerd-bilateral-issues\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/shoukry-sudans-al-dhikheri-talk-gerd-bilateral-issues\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Shoukry, Sudan\u2019s Al Dhikheri talk GERD, bilateral issues&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/shoukry-sudans-al-dhikheri-talk-gerd-bilateral-issues\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/shoukry-sudans-al-dhikheri-talk-gerd-bilateral-issues\/&title=Shoukry, Sudan\u2019s Al Dhikheri talk GERD, bilateral issues\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Shoukry%2C+Sudan%E2%80%99s+Al+Dhikheri+talk+GERD%2C+bilateral+issues+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Fshoukry-sudans-al-dhikheri-talk-gerd-bilateral-issues%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/shoukry-sudans-al-dhikheri-talk-gerd-bilateral-issues\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629427\" class=\"content-area-description single-story post-629427 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>Sudan, Egypt see eye-to-eye on GERD (until the next minor gaffe sends them backwards):<\/strong> Foreign Minister Sameh Shoukry met with his Sudanese counterpart Al Dridiri Al Dhikheri in Cairo yesterday to discuss the latest developments related to the Grand Ethiopian Renaissance Dam (GERD), <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/2030173053721297\">according to a ministry statement<\/a>. Egypt and Sudan share similar viewpoints on the GERD issue, Shoukry told reporters after the closed-door meeting, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=29052018&id=91ae4bfc-7de6-4736-b5b3-f74b9394739f\">according to Al Shorouk<\/a>. Al Dhikheri also said that Khartoum is committed to overcoming the remaining sticking points over the dam, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1954059.aspx\">Ahram Gate reports<\/a>. The statements come after Egypt, Sudan, and Ethiopia reached a breakthrough in negotiations over the dam during a meeting in Addis Ababa <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/17\/egypt-sudan-and-ethiopia-take-step-toward-breaking-deadlocked-gerd-talks\/\">earlier this month<\/a>, after months of souring ties.<\/p>\n<p><strong>Shoukry and Al Dhikheri also discussed Sudan\u2019s blanket ban on imports of Egyptian agricultural products,<\/strong> which the ministers said \u201cneeds additional coordination and cooperation\u201d to resolve. Reports <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/23\/did-sudan-really-promise-to-end-its-boycott-of-agriculture-goods-before-ramadan\/\">had emerged last month<\/a> that Sudan would lift the ban, which it had <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/31\/sudan-has-imposed-a-blanket-ban-on-imports-of-egyptian-agricultural-and-animal-product\/\">imposed back in May 2017<\/a>, before Ramadan.<\/p>\n<p><strong>Egypt and Sudan\u2019s planned electricity grid interconnection project also came up during the meeting yesterday<\/strong>. We could be signing the contracts for the USD 60-70 mn project in around a week\u2019s time, Egyptian Electricity Holding Company head Gaber El Desouky <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/21\/egypt-and-sudan-signing-grid-connection-contracts-in-two-weeks\/\">had told us previously<\/a>.<\/p>\n<p><strong>President Abdel Fattah El Sisi and Sudanese President Omar Al Bashir will meet in Khartoum in October to further discuss \u201cpending issues\u201d between the two countries<\/strong>, Al Dhikheri said, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=29052018&id=8fbf4a02-2d85-40fa-b9b6-b2700c3aafc7\">Al Shorouk reports<\/a>. Al Dhikheri had met with El Sisi yesterday before his sit-down with Shoukry, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/photos\/a.153526355166753.1073741828.153405978512124\/387329275119792\/?type=3&theater\">according to Ittihadiya<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629429\" 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=\"629429\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/electricity-minister-afd-discuss-potential-funding-for-renewable-energy-projects\/\">\r\n                            Electricity Minister, AFD discuss potential funding for renewable energy projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/electricity-minister-afd-discuss-potential-funding-for-renewable-energy-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/electricity-minister-afd-discuss-potential-funding-for-renewable-energy-projects\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/electricity-minister-afd-discuss-potential-funding-for-renewable-energy-projects\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Electricity Minister, AFD discuss potential funding for renewable energy projects&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/electricity-minister-afd-discuss-potential-funding-for-renewable-energy-projects\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/electricity-minister-afd-discuss-potential-funding-for-renewable-energy-projects\/&title=Electricity Minister, AFD discuss potential funding for renewable energy projects\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Electricity+Minister%2C+AFD+discuss+potential+funding+for+renewable+energy+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Felectricity-minister-afd-discuss-potential-funding-for-renewable-energy-projects%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/electricity-minister-afd-discuss-potential-funding-for-renewable-energy-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629429\" class=\"content-area-description single-story post-629429 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\/.43902c53-40fc-487a-9293-07b97a619eef.mp3\"><\/audio><\/figure>\n<p>Electricity Minister Mohamed Shaker met yesterday with French Development Agency (AFD) Country Director Stephanie Lanfranchi to discuss potential funding packages for renewable energy projects in Egypt, <a href=\"http:\/\/www.almalnews.com\/Story\/377511\/59\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%88%D9%85%D8%AF%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D9%88%D9%83%D8%A7%D9%84%D8%A9-%D8%A7%D9%84%D9%81%D8%B1%D9%86%D8%B3%D9%8A%D8%A9-%D9%8A%D8%A8%D8%AD%D8%AB%D8%A7%D9%86-%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%83-\">Al Mal reports<\/a>. The agency is particularly interesting in providing financial and technical support for wind energy projects, Lanfranchi said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629430\" 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=\"629430\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/samcrete-toyota-arab-contractors-among-those-interested-in-ras-sudr-airport-tender\/\">\r\n                            Samcrete, Toyota, Arab Contractors among those interested in Ras Sudr Airport tender                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/samcrete-toyota-arab-contractors-among-those-interested-in-ras-sudr-airport-tender\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/samcrete-toyota-arab-contractors-among-those-interested-in-ras-sudr-airport-tender\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/samcrete-toyota-arab-contractors-among-those-interested-in-ras-sudr-airport-tender\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Samcrete, Toyota, Arab Contractors among those interested in Ras Sudr Airport tender&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/samcrete-toyota-arab-contractors-among-those-interested-in-ras-sudr-airport-tender\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/samcrete-toyota-arab-contractors-among-those-interested-in-ras-sudr-airport-tender\/&title=Samcrete, Toyota, Arab Contractors among those interested in Ras Sudr Airport tender\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Samcrete%2C+Toyota%2C+Arab+Contractors+among+those+interested+in+Ras+Sudr+Airport+tender+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Fsamcrete-toyota-arab-contractors-among-those-interested-in-ras-sudr-airport-tender%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/samcrete-toyota-arab-contractors-among-those-interested-in-ras-sudr-airport-tender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629430\" class=\"content-area-description single-story post-629430 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\/.67527548-33be-41ec-8f2a-25bac5cd754c.mp3\"><\/audio><\/figure>\n<p>As many as eight domestic and international companies are reportedly eyeing a tender to develop Ras Sudr Airport and an adjacent touristic resort, sources close to the matter <a href=\"http:\/\/almalnews.com\/Story\/377414\/15\/%D8%B3%D8%A7%D9%85%D9%83%D8%B1%D9%8A%D8%AA-%D9%88%D8%A7%D9%84%D9%85%D9%82%D8%A7%D9%88%D9%84%D9%88%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8-%D9%88%D8%AA%D9%88%D9%8A%D9%88%D8%AA%D8%A7-%D8%AA%D8%B4%D8%AA%D8%B1%D9%89-%D9%83%D8%B1%D8%A7%D8%B3%D8%A9-%D8%B4%D8%B1%D9%88%D8%B7-%D9%85%D8%B7%D8%A7%D8%B1-%D8%B1%D8%A3%D8%B3-%D8%B3%D8%AF%D8%B1\">tell Al Mal<\/a>. The list of potential bidders includes the Toyota Tsusho Corporation, Samcrete, as well as Arab Contractors and RW Armstrong & Associates, who are allegedly considering joining forces. The government will begin accepting offers on 2 June and expects to announce the winner a month after that. The government <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/07\/govt-re-issues-tender-for-ras-sudr-airport-resort-after-amending-stipulations\/\">had re-issued its tender<\/a> for the project back in March with amended stipulations, after <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/10\/have-plans-to-build-the-ras-sudr-airport-reached-a-dead-end\/\">failing to drum up investor interest<\/a> last year.<\/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\/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=\"629433\" 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=\"629433\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/stella-di-mare-to-break-ground-on-dubai-hotel-this-year\/\">\r\n                            Stella Di Mare to break ground on Dubai hotel this year                        <\/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\/30\/stella-di-mare-to-break-ground-on-dubai-hotel-this-year\/\" 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\/30\/stella-di-mare-to-break-ground-on-dubai-hotel-this-year\/')\">\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\/30\/stella-di-mare-to-break-ground-on-dubai-hotel-this-year\/\">\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=Stella Di Mare to break ground on Dubai hotel this year&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/stella-di-mare-to-break-ground-on-dubai-hotel-this-year\/\">\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\/30\/stella-di-mare-to-break-ground-on-dubai-hotel-this-year\/&title=Stella Di Mare to break ground on Dubai hotel this year\">\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=Stella+Di+Mare+to+break+ground+on+Dubai+hotel+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Fstella-di-mare-to-break-ground-on-dubai-hotel-this-year%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\/30\/stella-di-mare-to-break-ground-on-dubai-hotel-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629433\" class=\"content-area-description single-story post-629433 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\/.02dbd7cb-cd9f-4729-93cf-36c4fa91ae19.mp3\"><\/audio><\/figure>\n<p>Remco Tourism Villages Construction Company (RTVC) subsidiary Stella Di Mare Hotels & Resorts is planning to break ground on its first hotel outside Egypt in Dubai this year, <a href=\"https:\/\/www.zawya.com\/mena\/en\/story\/Egypts_Stella_Di_Mare_to_start_construction_of_Dubai_hotel_in_2018-ZAWYA20180529080847\/\">Zawya reports<\/a>. The 380-room five-star hotel, being built as a joint venture with a UAE-based tourism investment firm, will be located in the Dubai Marina area. The cost of the project was not revealed.<\/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\/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=\"629434\" 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=\"629434\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/tpa-luxor-governorate-sign-mou-with-shanghai-to-promote-tourism\/\">\r\n                            TPA, Luxor governorate sign MoU with Shanghai to promote tourism                        <\/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\/30\/tpa-luxor-governorate-sign-mou-with-shanghai-to-promote-tourism\/\" 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\/30\/tpa-luxor-governorate-sign-mou-with-shanghai-to-promote-tourism\/')\">\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\/30\/tpa-luxor-governorate-sign-mou-with-shanghai-to-promote-tourism\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TPA, Luxor governorate sign MoU with Shanghai to promote tourism&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/tpa-luxor-governorate-sign-mou-with-shanghai-to-promote-tourism\/\">\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\/30\/tpa-luxor-governorate-sign-mou-with-shanghai-to-promote-tourism\/&title=TPA, Luxor governorate sign MoU with Shanghai to promote tourism\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TPA%2C+Luxor+governorate+sign+MoU+with+Shanghai+to+promote+tourism+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Ftpa-luxor-governorate-sign-mou-with-shanghai-to-promote-tourism%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\/30\/tpa-luxor-governorate-sign-mou-with-shanghai-to-promote-tourism\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629434\" class=\"content-area-description single-story post-629434 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.2d688252-41fd-4426-b719-feaa7bc29d95.mp3\"><\/audio><\/figure>\n<p>The Tourism Promotion Authority (TPA) and Luxor governorate signed an MoU yesterday with Shanghai authorities to promote mutual tourism, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=29052018&id=a0d64f4c-26ea-4e6b-bb0e-d13310862a20\">according to Al Shorouk<\/a>. Under the terms of the agreement, a promotional video on Luxor will screen 10 times each day on television sets and iconic skyscrapers in Shanghai\u2019s Huangpu and Bund districts.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629435\" 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=\"629435\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/ict-ministry-signs-mou-with-schneider-electric-to-design-construct-new-capitals-knowledge-city\/\">\r\n                            ICT Ministry signs MoU with Schneider Electric to design, construct new capital\u2019s knowledge city                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/ict-ministry-signs-mou-with-schneider-electric-to-design-construct-new-capitals-knowledge-city\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/ict-ministry-signs-mou-with-schneider-electric-to-design-construct-new-capitals-knowledge-city\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/ict-ministry-signs-mou-with-schneider-electric-to-design-construct-new-capitals-knowledge-city\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=ICT Ministry signs MoU with Schneider Electric to design, construct new capital\u2019s knowledge city&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/ict-ministry-signs-mou-with-schneider-electric-to-design-construct-new-capitals-knowledge-city\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/ict-ministry-signs-mou-with-schneider-electric-to-design-construct-new-capitals-knowledge-city\/&title=ICT Ministry signs MoU with Schneider Electric to design, construct new capital\u2019s knowledge city\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=ICT+Ministry+signs+MoU+with+Schneider+Electric+to+design%2C+construct+new+capital%E2%80%99s+knowledge+city+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Fict-ministry-signs-mou-with-schneider-electric-to-design-construct-new-capitals-knowledge-city%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/ict-ministry-signs-mou-with-schneider-electric-to-design-construct-new-capitals-knowledge-city\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629435\" class=\"content-area-description single-story post-629435 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\/.efffe389-87fd-41ba-b485-64c9d1b70b10.mp3\"><\/audio><\/figure>\n<p>The ICT Ministry signed an MoU with Schneider Electric that will see them collaborate on the design and construction of smart cities and tech zones around the new administrative capital, <a href=\"http:\/\/www.mcit.gov.eg\/Ar\/Media_Center\/Press_Room\/Press_Releases\/14887\">according to a ministry statement<\/a>. The so-called \u201cknowledge city\u201d is <a href=\"https:\/\/www.youm7.com\/story\/2018\/2\/19\/%D8%A7%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%B9%D9%82%D9%88%D8%AF-%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%B9%D8%B1%D9%81%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-%D9%81%D9%89-%D9%85%D8%A7%D8%B1%D8%B3-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\/3656988\">set to be built on 301 feddans<\/a>, with initial investments valued at EGP 6 bn. We had earlier noted that Housing Minister Mostafa Madbouly and Schneider\u2019s Regional Head of North East Africa and Levant met<a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/29\/schneider-electric-to-invest-in-water-desalination-power-distribution-smart-city-construction\/\">to discuss possible collaborations in landing new contracts in Egypt.<\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"629436\" 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=\"629436\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/govt-to-allocate-another-100k-feddans-of-the-1-5-mn-feddans-project-for-farmers-in-june\/\">\r\n                            Gov\u2019t to allocate another 100k feddans of the 1.5 mn feddans project for farmers in June                        <\/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\/30\/govt-to-allocate-another-100k-feddans-of-the-1-5-mn-feddans-project-for-farmers-in-june\/\" 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\/30\/govt-to-allocate-another-100k-feddans-of-the-1-5-mn-feddans-project-for-farmers-in-june\/')\">\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\/30\/govt-to-allocate-another-100k-feddans-of-the-1-5-mn-feddans-project-for-farmers-in-june\/\">\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 allocate another 100k feddans of the 1.5 mn feddans project for farmers in June&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/govt-to-allocate-another-100k-feddans-of-the-1-5-mn-feddans-project-for-farmers-in-june\/\">\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\/30\/govt-to-allocate-another-100k-feddans-of-the-1-5-mn-feddans-project-for-farmers-in-june\/&title=Gov\u2019t to allocate another 100k feddans of the 1.5 mn feddans project for farmers in June\">\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+allocate+another+100k+feddans+of+the+1.5+mn+feddans+project+for+farmers+in+June+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Fgovt-to-allocate-another-100k-feddans-of-the-1-5-mn-feddans-project-for-farmers-in-june%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\/30\/govt-to-allocate-another-100k-feddans-of-the-1-5-mn-feddans-project-for-farmers-in-june\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629436\" class=\"content-area-description single-story post-629436 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.4132c0db-b975-4a6a-a855-597cbb5a04c9.mp3\"><\/audio><\/figure>\n<p>The government is planning to allocate another 100k feddans to individual farmers in late June as part of the 1.5 mn feddan desert reclamation project, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=29052018&id=424c9287-73c4-4627-b3d5-c0ba9047b12b\">Al Shorouk reports<\/a>. The land plots will be located in West Minya, Farafra Oasis, and Maghara. The Egyptian Countryside Development Company <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/10\/egyptian-countryside-co-to-tender-800k-feddans-this-year\/\">announced last month<\/a> that it was planning to tender 800k feddans this year under the 1.5 mn feddan project, of which 116k feddans were cultivated in FY2017-18, according to a recent <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/05\/2018523114037_%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A-%D9%86%D9%87%D8%A7%D8%A6%D9%8A-%D8%B9%D8%B1%D8%A8%D9%8A.pdf\">CAPMAS release<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629437\" 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=\"629437\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/mobile-gaming-revenues-set-to-grow-52-by-2022-forbes-report\/\">\r\n                            Mobile gaming revenues set to grow 52% by 2022: Forbes report                      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       <!-- <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\/30\/mobile-gaming-revenues-set-to-grow-52-by-2022-forbes-report\/&title=Mobile gaming revenues set to grow 52% by 2022: Forbes report\">\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=Mobile+gaming+revenues+set+to+grow+52%25+by+2022%3A+Forbes+report+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F05%2F30%2Fmobile-gaming-revenues-set-to-grow-52-by-2022-forbes-report%2F\">\n                    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src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.799a74b2-477f-4339-ae80-b72e772ca796.mp3\"><\/audio><\/figure>\n<p><strong>Egyptians appear to be gaming away their fasting hours. <\/strong>According to a recent study by AdColony EMEA, Egyptians are using their cell phones to play around 20-40 minutes of games everyday, <a href=\"https:\/\/www.forbesmiddleeast.com\/en\/mobile-gaming-revenues-to-grow-52-by-2022\/\">Forbes reports<\/a><strong>, <\/strong>noting that USD 50 bn mobile gaming industry\u2019s revenues are set to grow 52% by 2022.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629439\" 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=\"629439\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/629439\/\">\r\n                                                    <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/629439\/\" 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\/30\/629439\/')\">\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\/30\/629439\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=&url=https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/629439\/\">\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\/30\/629439\/&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%2F30%2F629439%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\/30\/629439\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629439\" class=\"content-area-description single-story post-629439 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t\n<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 17.87 | Sell 17.97<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.87 | Sell 17.97<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.80 | Sell 17.90<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 17,006 (+1.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 814 mn (29% BELOW the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +13.2%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session up 1.3%. CIB, the index heaviest constituent ended up 2.5%. EGX30\u2019s top performing constituents were Palm Hills up 2.7%, CIB up 2.5% and TMG Holding up 2.0%. Yesterday\u2019s worst performing stocks were Orascom Telecom Media & Technology down 1.2%, Ezz Steel down 1.1%, and Egyptian Resorts down 0.9%. The market turnover was EGP 814 mn, and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +18.2 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +43.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -61.7 mn<\/p>\n<p><strong>Retail<\/strong>: 50.4% of total trades | 56.0% of buyers | 44.8% of sellers<br \/>\n <strong>Institutions<\/strong>: 49.6% of total trades | 44.0% of buyers | 55.2% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 25.2% of total | 26.3% of buyers | 24.1% of sellers<br \/>\n <strong>Regional:<\/strong> 11.0% of total | 13.7% of buyers | 8.4% of sellers<br \/>\n <strong>Domestic:<\/strong> 63.8% of total | 60.0% of buyers | 67.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 66.48 (-0.37%)<br \/>\n <strong>Brent:<\/strong> USD 74.98 (-0.54%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.90 MMBtu, (-0.10%, July 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,303.80 \/ troy ounce (-0.2%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 7,999.59 (+0.46%) (YTD: +10.70%)<br \/>\n <strong>ADX:<\/strong> 4,575.16 (+0.61%) (YTD: +4.02%)<br \/>\n <strong>DFM:<\/strong> 2,924.94 (-0.17%) (YTD: -13.21%)<br \/>\n <strong>KSE Premier Market:<\/strong> 4,712.14 (+0.43%)<br \/>\n <strong>QE:<\/strong> 9,126.40 (+0.01%) (YTD: +7.07%)<br \/>\n <strong>MSM:<\/strong> 4,598.13 (+0.15%) (YTD: -9.83%)<br \/>\n <strong>BB: <\/strong>1,262.89 (+0.19%) (YTD: -5.17%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"629440\" 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\/30\/629440\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-629440\" class=\"content-area-description single-story post-629440 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=\"http:\/\/www.arqaamconference.com\/\">Arqaam Capital MENA Investors Conference 2018<\/a>, Four Seasons Resorts, Dubai.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a>, venue TBD.<\/p>\n<p>27 September (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>23-24 October (Tuesday-Wednesday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2018\/\">Intelligent Cities Exhibition & Conference 2018<\/a>, Fairmont Towers Heliopolis, Cairo.<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":629404,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-629403","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"72f24e29-9690-4f4e-a6d3-436d7ffda32e","teaser":"","photo_url":"https:\/\/ent.news\/2015\/7\/71.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>UK pledges USD 1.6 bn for Carbon Holdings, but no word on Sharm flights - 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