{"id":630331,"date":"2018-04-18T04:14:41","date_gmt":"2018-04-18T04:14:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=630331"},"modified":"2025-12-17T11:27:01","modified_gmt":"2025-12-17T11:27:01","slug":"consumer-protection-boss-gets-power-to-regulate-pricing","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/consumer-protection-boss-gets-power-to-regulate-pricing\/","title":{"rendered":"Consumer protection boss gets power to regulate pricing"},"content":{"rendered":"<section id=\"630333\" 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=\"630333\">\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\/04\/18\/what-were-tracking-on-18-april-2018\/\">\r\n                            What we\u2019re tracking on 18 April 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\/04\/18\/what-were-tracking-on-18-april-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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Egypt\u2019s delegation to the semi-annual festival of hand-wringing includes Finance Minister Amr El Garhy, Central Bank Governor Tarek Amer and Investment Minister Sahar Nasr. Today\u2019s schedule includes everything from the release of the Global Financial Stability Report to a talk on big data and machine learning in economic forecasting. IMF boss Christine Lagarde will hold a press conference tomorrow (Thursday), as will World Bank President Jim Yong Kim. You can <a href=\"http:\/\/www.imf.org\/external\/meetings\/NewSchedule.aspx?meetingid=49\">check out the schedule for the gathering here<\/a>on the event website.<\/p><p><strong>Uber, Careem appeal hearing scheduled on 15 May:<\/strong> The Administrative Court will hold its first hearing in Uber and Careem\u2019s appeal against the <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/21\/administrative-court-orders-shut-down-of-ride-hailing-apps-uber-and-careem-companies-plan-appeal\/\">court\u2019s previous ruling<\/a> to revoke the companies\u2019 licenses on 15 May, said Mahmoud Abdel Hamid, the head of the white taxis association that launched the suit in the first place, <a href=\"http:\/\/www.almalnews.com\/Story\/372796\/17\/%D8%A7%D9%84%D9%82%D8%B6%D8%A7%D8%A1-%D8%A7%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D9%89-%D8%AA%D9%86%D8%B8%D8%B1-%D8%AF%D8%B9%D9%88%D9%89-%D9%88%D9%82%D9%81-%D8%A3%D9%88%D8%A8%D8%B1-%D9%88%D9%83%D8%B1%D9%8A%D9%85---15-%D9%85%D8%A7%D9%8A%D9%88\">according to Al Mal<\/a>. The court\u2019s initial ruling was <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/10\/court-of-urgent-matters-shields-uber-and-careem-from-administrative-court-ruling\/\">suspended last week<\/a> by the Court of Urgent Matters, giving both companies legal breathing room to operate until the Higher Administrative Court reaches a final ruling on the matter. Meanwhile, the Ismail government <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/01\/ride-hailing-apps-act-gets-preliminary-approval-from-house-committees\/\">is trying to rush the Ride-Hailing Apps Act<\/a> through the House of Representatives.<\/p><p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a><strong> Abraaj could resign as manager of its USD 1 bn healthcare fund.<\/strong> The Dubai-based emerging markets private equity giant is reportedly developing a plan that \u201cseeks to swap \u2026 Abraaj with an interim manager and then a permanent replacement \u2026 Other options include turning the fund into a company or a self-governing fund,\u201d <a href=\"https:\/\/www.ft.com\/content\/23fbaee2-4250-11e8-93cf-67ac3a6482fd\">the Financial Times reports<\/a>. The news comes after <strong>the healthcare fund\u2019s annual meeting with LPs in London \u201cwent badly \u2026there was shouting,\u201d<\/strong> according to an attendee. The healthcare fund has hobbled the until-recently high-flying firm after four of its LPs, including the International Finance Corporation, raised questions about funds that had been drawn down, but not deployed. The firm has reportedly since \u201cadmitted to drawing on investors\u2019 funds for \u2018general corporate purposes\u2019, albeit within the terms of the fund agreement, people close to the company say,\u201d according to the salmon-colored paper.<\/p><p><strong>\u201cThe rise of Saudi Arabia and Egypt as the top Middle East choices for equity investors is taking a toll on Dubai,\u201d<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-04-17\/as-saudi-egypt-stocks-become-mideast-stars-dubai-gets-ignored\">writes Filipe Pacheco for Bloomberg<\/a>. Trade volumes on the Dubai Financial Market fell 57% below its 15-day average to USD 24 mn on Monday, the lowest since September 2015. The DFM General Index dropped about 7% in 2018. In contrast, the EGX 30 has gained more than 18% \u201cas investors applaud economic reforms and government plans to offer stakes in public-owned companies.\u201d Saudi stocks have climbed more than 12% this year with foreign investors as net buyers for 15 straight weeks on the back of an expected EM classification by MSCI among other reasons. The two \u201care very interesting markets to look at now\u201d compared with the United Arab Emirates, said Issam Kassabieh, senior financial analyst at Mena Corp. Financial Services in Dubai.<\/p><p><strong>What\u2019s wrong with Dubai?<\/strong> The bottom line is that it\u2019s a bit bland and thin, with the consensus on the buy side being that \u201cthe banking and real estate companies that dominate Dubai\u2019s bourse offer little in the way of triggers to trade their stock, with a few exceptions.\u201d<\/p><p><strong>Meanwhile, the gang at Ashmore has \u201clured the strongest inflows since 2013\u201d on emerging markets demand<\/strong>, the <a href=\"https:\/\/www.ft.com\/content\/fc74dd8a-4204-11e8-803a-295c97e6fd0b\">Financial Times<\/a> says, with appetite strong for both equities and fixed income offerings. The same piece, a brief entry in FastFT, also notes that Goldman Sachs is similarly upbeat about EM these days.<\/p><p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>Fintech people, read this: <\/strong>For folks in banking and finance who keep a close eye on the startup world, the must-read this morning is <a href=\"http:\/\/www.businessinsider.com\/how-jpmorgan-cio-decides-to-invest-in-fintech-startups-2018-4\"><strong>How JPMorgan's CIO decides which startups to partner with, which to invest in, and which to outright buy<\/strong><\/a>, courtesy Business Insider.<\/p><p><strong>Also on fintech this morning: Egypt\u2019s banking sector could be Ground Zero for a fintech revolution, <\/strong><a href=\"https:\/\/www.zdnet.com\/article\/why-unbanked-egypt-is-ripe-for-a-fintech-revolution\/\">writes Damian Radcliffe for Dubai-based Heat Sink<\/a>. With a population of around 100 mn, the country has only 14 mn bank accounts and a similar number of postal service savings accounts, says AUC School Business\u2019 Ayman Ismail, and the banking industry\u2019s innate conservatism has a lot to do with the under-penetration of financial services. But the central bank\u2019s financial inclusion initiative and drives into fintech by top lenders such as CIB is setting the groundwork for change.<\/p><p><strong>Are you investing or working in tech? Or just find the \u201cecosystem\u201d (God help us, but we hate that word) fascinating? <\/strong>Go read the Financial Times\u2019 Big Read <a href=\"https:\/\/www.ft.com\/content\/ca7ab580-3d71-11e8-b9f9-de94fa33a81e\"><strong>Start-up republic: Can Iran\u2019s booming tech sector thrive?<\/strong><\/a> It\u2019s a fascinating look at a country about which we all know too little.<\/p><p>Elsewhere this morning:<\/p><ul>\n<li><strong>The US and North Korea are inching toward a summit<\/strong>, with five potential venues under consideration after CIA director Mike Pompeo made a top-secret visit to Pyongyang over the Easter weekend to meet North Korean leader Kim Jong Un, who remains the favorite global boogeyman of our resident 10-year-old. (<a href=\"https:\/\/www.washingtonpost.com\/politics\/us-china-trade-dispute-looms-over-trump-summit-with-japans-abe\/2018\/04\/17\/2c94cb02-424f-11e8-bba2-0976a82b05a2_story.html?utm_term=.01fec683be31\">Washington Post<\/a> | <a href=\"https:\/\/www.nytimes.com\/2018\/04\/17\/world\/asia\/trump-japan-north-korea-summit-talks.html\">New York Times<\/a>)<\/li>\n<li>The Financial Times\u2019 columnists are obsessed this morning with (a) <a href=\"https:\/\/www.ft.com\/content\/7abd10e8-4162-11e8-93cf-67ac3a6482fd\"><strong>long work hours in the finance industry<\/strong><\/a> after a Moelis exec <a href=\"https:\/\/www.wallstreetoasis.com\/forums\/depressing-moelis-co-staffer-email\">let loose a snarky email<\/a> after finding an insufficient number of staff not at their desks after midnight and (b) when to know <a href=\"https:\/\/www.ft.com\/content\/1b37fece-4169-11e8-803a-295c97e6fd0b\"><strong>you don\u2019t have what it takes to be senior management<\/strong><\/a>.<\/li>\n<li><strong>If you\u2019re an old like some of us, you have our permission to feel down in the dumps for the next two minutes:<\/strong> Former US First Lady Barbara Bush has died at age 92. <a href=\"https:\/\/www.nytimes.com\/2018\/04\/17\/us\/barbara-bush-dead.html\">We like the NYT\u2019s obit<\/a>, and you\u2019ll find <a href=\"https:\/\/www.reuters.com\/article\/us-people-barbarabush\/barbara-bush-wife-and-mother-of-u-s-presidents-dies-at-92-idUSKBN1HO3HG\">others like it<\/a> as well as hagiography and hit jobs on front pages all just about every US newspaper today.<\/li>\n<\/ul><p><strong>Online sales of last-minute tickets for the 2018 FIFA World Cup in Russia will begin today at 12:00 Moscow time (11:00 CLT),<\/strong> <a href=\"http:\/\/www.fifa.com\/worldcup\/news\/y=2018\/m=4\/news=last-minute-russia-2018-sales-phase-starts-and-fifa-venue-ticketing-centres-open.html\">according to FIFA<\/a>. Football fans worldwide will be able to purchase tickets via <a href=\"http:\/\/www.fifa.com\/worldcup\/organisation\/ticketing\/index.html\">FIFA\u2019s online ticketing website<\/a>, subject to availability and on a first-come, first-served basis.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630334\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div 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class=\"stk-block-content stk-inner-blocks stk-gqp185b-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-goy7cy0\" data-v=\"4\" data-block-id=\"goy7cy0\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-goy7cy0-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-goy7cy0-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div 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272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630335\" 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=\"630335\">\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\/04\/18\/what-were-tracking-this-week-38\/\">\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\/04\/18\/what-were-tracking-this-week-38\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n          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week&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/what-were-tracking-this-week-38\/\">\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\/04\/18\/what-were-tracking-this-week-38\/&title=What we\u2019re tracking this week\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fwhat-were-tracking-this-week-38%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\/04\/18\/what-were-tracking-this-week-38\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630335\" class=\"content-area-description single-story post-630335 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>Our friends at AmCham are hosting a breakfast meeting and visit to the National Museum of Egyptian Civilization in Fustat tomorrow<\/strong>. The visit will include an exclusive viewing of the newly inaugurated exhibition hall: \u201cEgyptian Crafts through the Ages.\u201d Speakers will include Antiquities Minister Khaled El Anany and Mostafa Waziry, the director-general of the Supreme Council of Antiquities. Members and their guests <a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fevents-activities%2Fregister-upcoming-event%2F1137\">can register here<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"630336\" 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           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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\/04\/18\/on-the-horizon-49\/')\">\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\/04\/18\/on-the-horizon-49\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=On the horizon&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/on-the-horizon-49\/\">\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\/04\/18\/on-the-horizon-49\/&title=On the horizon\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=On+the+horizon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fon-the-horizon-49%2F\">\n                    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Egypt\u2019s first fintech-focused accelerator, is hosting a workshop titled \u201c<a href=\"https:\/\/www.eventbrite.com\/e\/financing-small-merchants-tickets-45060707790\">Financing Small Merchants<\/a>\u201d on Monday, 23 April at the Greek Campus. <\/li>\n<li>Our friends at <strong>Renaissance Capital are holding their third annual Egypt Investor Conference in Cape Town on 24-25 April<\/strong>. <\/li>\n<li><strong>GERD talks: <\/strong>Egypt has invited Sudan and Ethiopia to another round of negotiations over the Grand Ethiopian Renaissance Dam (GERD) in Cairo on 20 April.<\/li>\n<li>The seventh edition of the <strong>El Gouna International Squash Open <\/strong>will take place on 20-27 April.<\/li>\n<li>The <strong>Egyptian-Sudanese Business Council<\/strong> will hold <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/04\/%D8%AF%D8%B9%D9%88%D8%A9-%D8%AD%D8%B6%D9%88%D8%B1-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D9%84%D8%A7%D8%B9%D8%B6%D8%A7%D8%A1-%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3.pdf\">its first meeting on Saturday 21 April<\/a>. <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-horizon\/\">ON THE HORIZON<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630337\" 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=\"630337\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/oil-and-gas-imf-report-and-sophia-the-robot\/\">\r\n                            Oil and gas, IMF report, and Sophia the robot                        <\/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 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src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Oil+and+gas%2C+IMF+report%2C+and+Sophia+the+robot+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Foil-and-gas-imf-report-and-sophia-the-robot%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\/04\/18\/oil-and-gas-imf-report-and-sophia-the-robot\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630337\" class=\"content-area-description single-story post-630337 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s upcoming oil and gas agreement with the EU and the World Bank\u2019s latest Economic Outlook report dominated the conversation on the airwaves<\/strong> last night (we have chapter and verse on both in the Speed Round, below).<\/p>\n<p><strong>Egypt is expecting the results of seismic scans of the Red Sea back by the end of June in order to determine the blocks it intends to tender <\/strong>off to oil and gas exploration before the year is up, Oil Minister Tarek El Molla told Hona Al Asema\u2019s Lamees Al Hadidi in phone-in. The border demarcation agreement with Saudi Arabia has opened up more exploration opportunities in the Red Sea, he also said, adding that structural and legislative reforms \u2014 such as the Natural Gas Act \u2014 have helped attract sizeable investments to the sector (<a href=\"https:\/\/www.youtube.com\/watch?v=X6AjzH3FFOM&t=1481s\">watch, runtime: 41:18<\/a>).<\/p>\n<p><strong>Egypt will pay back a large of chunk of its arrears to international oil companies in less than two months\u2019 time<\/strong>, El Molla also said, adding that the ministry intends to clear its obligations to IOCs completely in about two years (<a href=\"https:\/\/www.youtube.com\/watch?v=kKv2s6JtvTs\">watch, runtime: 1:30<\/a>).<\/p>\n<p><strong>The ministry is still planning to implement further gradual subsidy cuts to bring down its costs, <\/strong>Oil Ministry spokesman Hamdy Abdel Aziz told Al Hayah Al Youm\u2019s Tamer Amin (<a href=\"https:\/\/www.youtube.com\/watch?v=rYmjBNSblco\">watch, runtime: 2:46<\/a>).<\/p>\n<p><strong>Finance Minister Amr El Garhy also offered Lamees his two cents on the World Bank\u2019s Economic Outlook report, <\/strong>which sees Egypt\u2019s GDP growth rate climbing to 5% this year. Speaking from Washington, DC, El Garhy said that the report sees unemployment dropping to 11.1% this fiscal year and sinking lower to 9.7% in the next. He confirmed that an IMF delegation is due in Cairo in May to review progress on economic reform before disbursing a USD 2 bn tranche of Egypt\u2019s USD 12 bn extended fund facility (<a href=\"https:\/\/www.youtube.com\/watch?v=9J3mnMtllfc\">watch, runtime: 8:58<\/a>).<\/p>\n<p><strong>The report is generally \u201cpositive\u201d and reflects the strength in investments and improvements in exports as well as tourism, <\/strong>former Banque Misr deputy chairman Sahar El Damaty told Sherif Amer on Yahduth fi Misr. Amer pointed out that the report sees inflation at 14% by the end of 2018 compared to government projections of around 13% (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/570569536654690\/\">watch, runtime: 5:56<\/a>).<\/p>\n<p><strong>MPs will be meeting with the ministers of finance and planning to discuss the FY2018-19 budget<\/strong>, Parliament\u2019s Budget Committee chair Omar Yasser told Amer. The budget is Egypt\u2019s largest to-date, according to MP Mohamed Badrawy (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/570577093320601\/\">watch, runtime: 4:12<\/a>), but it still does not factor in the full cost of Egypt\u2019s long-awaited educational reform plan, Omar noted (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/570574099987567\/\">watch, runtime: 2:03<\/a>).<\/p>\n<p><strong>Education Minister Tarek Shawky promised change for the better on last night\u2019s Kol Youm to discuss the five-year educational reform strategy.<\/strong> He told Amr Adib that parents should trust the ministry in its plans to overhaul the system and do away with Thanaweya Amma, adding that the government is aware of the obstacles ahead (<a href=\"https:\/\/www.youtube.com\/watch?v=NydaXAQK_a8\">watch, runtime: 1:19<\/a>).<\/p>\n<p>Meanwhile, <strong>Sophia the robot made an appearance on Masaa DMC for a chat with host Osama Kamal. <\/strong>Proceed at your own risk (<a href=\"https:\/\/www.youtube.com\/watch?v=QiFRJh5czCA\">watch, runtime: 12:23<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"630338\" 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=\"630338\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/price-control-mechanism-are-here-with-the-consumer-protection-act\/\">\r\n                            Price control mechanism are here with the Consumer Protection Act                        <\/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\/04\/18\/price-control-mechanism-are-here-with-the-consumer-protection-act\/\" 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\/04\/18\/price-control-mechanism-are-here-with-the-consumer-protection-act\/')\">\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\/04\/18\/price-control-mechanism-are-here-with-the-consumer-protection-act\/\">\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=Price control mechanism are here with the Consumer Protection Act&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/price-control-mechanism-are-here-with-the-consumer-protection-act\/\">\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\/04\/18\/price-control-mechanism-are-here-with-the-consumer-protection-act\/&title=Price control mechanism are here with the Consumer Protection Act\">\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=Price+control+mechanism+are+here+with+the+Consumer+Protection+Act+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fprice-control-mechanism-are-here-with-the-consumer-protection-act%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\/04\/18\/price-control-mechanism-are-here-with-the-consumer-protection-act\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/508.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"630339\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/price-control-mechanism-are-here-with-the-consumer-protection-act\/508-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/508.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"508.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/508.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/508.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630338\" class=\"content-area-description single-story post-630338 post type-post status-publish format-standard has-post-thumbnail 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>LEGISLATION WATCH- The one economic law we hoped MPs would sleep on finally passed. <\/strong>The House of Representatives voted in favor of amendments to the Consumer Protection Act in a plenary session on Tuesday. The law \u2014 the single, blatantly anti-free-market piece of all the Ismail government\u2019s major economic legislation \u2014 gives its Consumer Protection Authority (CPA) head Atef \u201c<a href=\"https:\/\/enterprise.press\/stories\/2016\/11\/24\/traders-rewarded-with-smiley-faces\/\">Smileyface<\/a>\u201d Yakoub actual teeth to mess with business and the economy.<\/p>\n<p>Don\u2019t believe us? Go read the <a href=\"http:\/\/gate.ahram.org.eg\/News\/1896513.aspx\">full text of the law, courtesy Al-Ahram.<\/a><\/p>\n<p><strong>Mechanisms for price controls are embedded in the law. <\/strong>Goods or services can be deemed \u201cstrategic\u201d by the CPA, in which case it can set price controls if it receives approval from cabinet, according to Article 8 of the law. These steps will be taken if the CPA suspects price manipulation and price gouging. Cabinet would need to sign off on the decision (thank, God). <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/\">Previous reports had said<\/a> that cars would be classified as strategic goods under this provision.<\/p>\n<p><strong>The act will force retailers to print a breakdown of prices <\/strong>on their goods including profit margins.<\/p>\n<p><strong>E-commerce, real estate, auto sales land in the clutches of the dreaded CPA:<\/strong> The amendments will also bring economic activities previously ungoverned by the CPA under its remit. <a href=\"http:\/\/gate.ahram.org.eg\/News\/1896513.aspx\">These include<\/a> e-commerce, real estate, and after-sales services in the automotive industry.<\/p>\n<p><strong>The power to censor advertisements<\/strong> \u2014 something the CPA does well and frequently \u2014 will now be officially vested in the authority, says the Al Ahram report.<\/p>\n<p><strong>The law also requires manufacturers to recall products that break within a year of a consumer making a purchase<\/strong>, according to a House Economic Committee report. The report notes that this was done specifically as a result of \u201cnumerous recent complaints in the auto industry.\u201d<\/p>\n<p><strong>The amendments apparently also enforce stricter penalties for those violating consumer protections<\/strong> on quality and health issues. The proposed bill would also make the CPA an independent regulator under cabinet and not under the Supply Ministry.<\/p>\n<p>Wherever he is now, Nasser is looking down on this bill and Atef Yakoub and smiling from ear to ear.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630356\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630357\" 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=\"630357\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/how-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy\/\">\r\n                            How the Aswan Dam damaged the environment despite generating renewable energy                        <\/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\/04\/18\/how-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy\/\" 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\/04\/18\/how-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy\/')\">\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\/04\/18\/how-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=How the Aswan Dam damaged the environment despite generating renewable energy&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/how-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy\/\">\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\/04\/18\/how-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy\/&title=How the Aswan Dam damaged the environment despite generating renewable energy\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=How+the+Aswan+Dam+damaged+the+environment+despite+generating+renewable+energy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fhow-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy%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\/04\/18\/how-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1113.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"630358\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/how-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy\/1113-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1113.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1113.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1113.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1113.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630357\" class=\"content-area-description single-story post-630357 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>Egypt\u2019s Aswan Dam is one example of just how much these types of structures can damage the environment. <\/strong>Although it keeps the Nile flood in check and produces renewable energy, the High Dam in Aswan has actually aided in the erosion of agricultural land and decline of land fertility in the Delta, since it has stopped the Nile River from carrying soil nutrients upstream, Penn State energy engineering professor Jeffrey Brownson <a href=\"https:\/\/www.accuweather.com\/en\/weather-news\/dams-provide-renewable-energy-but-also-take-toll-on-the-environment\/70004706\">tells AccuWeather<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"630359\" 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=\"630359\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/630359\/\">\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 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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\/04\/18\/630359\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630359\" class=\"content-area-description single-story post-630359 post type-post status-publish format-standard hentry category-egypt-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Nothing to look at here, folks. <\/strong>Move along, move along. (It\u2019s a very slow news day for Egypt in the international press.)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630360\" 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=\"630360\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/ministers-new-salaries-pension-stir-controversy\/\">\r\n                            Ministers\u2019 new salaries, pension stir controversy                        <\/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\/04\/18\/ministers-new-salaries-pension-stir-controversy\/\" 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\/04\/18\/ministers-new-salaries-pension-stir-controversy\/')\">\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\/04\/18\/ministers-new-salaries-pension-stir-controversy\/\">\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=Ministers\u2019 new salaries, pension stir controversy&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/ministers-new-salaries-pension-stir-controversy\/\">\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\/04\/18\/ministers-new-salaries-pension-stir-controversy\/&title=Ministers\u2019 new salaries, pension stir controversy\">\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=Ministers%E2%80%99+new+salaries%2C+pension+stir+controversy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fministers-new-salaries-pension-stir-controversy%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\/04\/18\/ministers-new-salaries-pension-stir-controversy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630360\" class=\"content-area-description single-story post-630360 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The nation\u2019s columnists are skeptical about the newly approved bill regulating the salaries and pensions of ministers.<\/strong> El Watan\u2019s <a href=\"https:\/\/www.elwatannews.com\/news\/details\/3282874\">Hazem Mounir<\/a> says that increasing ministers\u2019 pensions in lock step with salaries while appealing a court ruling that would have forced the state to raise pensions for all is \u201cincomprehensible.\u201d Ahram Gate\u2019s <a href=\"http:\/\/gate.ahram.org.eg\/News\/1895797.aspx\">Ismail Ibrahim<\/a> said much the same thing and then called for the creation of a group to defend the rights of pensioners. In Al Masry Al Youm, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1282408\">Mohamed Amin<\/a> does not oppose guaranteeing pensions and income for ministers, but wants to see protections for low-income government employees, too.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-deadline\/\">On Deadline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630361\" 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=\"630361\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypt-not-expected-to-send-troops-to-syria-saudi-in-talks-with-the-us\/\">\r\n                            Egypt not expected to send troops to Syria, Saudi in talks with the US                        <\/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\/04\/18\/egypt-not-expected-to-send-troops-to-syria-saudi-in-talks-with-the-us\/\" 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\/04\/18\/egypt-not-expected-to-send-troops-to-syria-saudi-in-talks-with-the-us\/')\">\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\/04\/18\/egypt-not-expected-to-send-troops-to-syria-saudi-in-talks-with-the-us\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt not expected to send troops to Syria, Saudi in talks with the US&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypt-not-expected-to-send-troops-to-syria-saudi-in-talks-with-the-us\/\">\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\/04\/18\/egypt-not-expected-to-send-troops-to-syria-saudi-in-talks-with-the-us\/&title=Egypt not expected to send troops to Syria, Saudi in talks with the US\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+not+expected+to+send+troops+to+Syria%2C+Saudi+in+talks+with+the+US+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fegypt-not-expected-to-send-troops-to-syria-saudi-in-talks-with-the-us%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\/04\/18\/egypt-not-expected-to-send-troops-to-syria-saudi-in-talks-with-the-us\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630361\" class=\"content-area-description single-story post-630361 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>Egyptian authorities will not accept any US suggestion to send troops to Syria, <\/strong>former General Intelligence undersecretary Mohamed Rashad <a href=\"http:\/\/www.egyptindependent.com\/egypt-to-decline-any-request-by-us-to-send-troops-to-syria-former-intelligence-official\/\">tells Egypt Independent<\/a>. His statements came in response to a <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/17\/trump-administration-wants-egypt-gcc-to-send-troops-to-syria-to-cover-us-withdrawal\/\">Wall Street Journal article<\/a> yesterday citing senior US officials claiming the Trump administration had asked Egypt to partake in a joint Arab taskforce backed by Saudi, the UAE, and Qatar, to replace US soldiers in Syria. Rashad said he believes military intervention is off the table for President Abdel Fattah El Sisi, who has maintained a neutral, diplomatic stance towards the Syrian conflict since the start.<\/p>\n<p>Meanwhile, <strong>Saudi is considering sending troops to Syria \u201cas part of broader international coalition to help stabilize\u201d the situation,<\/strong> Foreign Minister Adel Al-Jubeir said yesterday, <a href=\"https:\/\/www.wsj.com\/articles\/saudis-weigh-offering-troops-for-syria-force-1523992243?mod=searchresults&page=1&pos=1\">the WSJ reports<\/a>. \u201cWe are in discussions with the US and have been since the beginning of the Syrian crisis about sending forces into Syria,\u201d he said. \u201cDiscussions on what type of force needs to remain\u2026and where those forces should come from are ongoing.\u201d He added that Saudi had offered to send troops to fight Daesh in Syria back in 2016 under a US-led coalition. He refused to say, however, \u201cwhether the kingdom made new financial commitments for Syria.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"630365\" 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=\"630365\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egpc-to-receive-first-usd-400-mn-tranche-of-usd-662-mn-facility\/\">\r\n                            EGPC to receive first USD 400 mn tranche of USD 662 mn facility                        <\/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\/04\/18\/egpc-to-receive-first-usd-400-mn-tranche-of-usd-662-mn-facility\/\" 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\/04\/18\/egpc-to-receive-first-usd-400-mn-tranche-of-usd-662-mn-facility\/')\">\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\/04\/18\/egpc-to-receive-first-usd-400-mn-tranche-of-usd-662-mn-facility\/\">\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=EGPC to receive first USD 400 mn tranche of USD 662 mn facility&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egpc-to-receive-first-usd-400-mn-tranche-of-usd-662-mn-facility\/\">\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\/04\/18\/egpc-to-receive-first-usd-400-mn-tranche-of-usd-662-mn-facility\/&title=EGPC to receive first USD 400 mn tranche of USD 662 mn facility\">\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=EGPC+to+receive+first+USD+400+mn+tranche+of+USD+662+mn+facility+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fegpc-to-receive-first-usd-400-mn-tranche-of-usd-662-mn-facility%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\/04\/18\/egpc-to-receive-first-usd-400-mn-tranche-of-usd-662-mn-facility\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630365\" class=\"content-area-description single-story post-630365 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\/.4b3cfff9-5e6f-4911-b031-0f8b6d564b1c.mp3\"><\/audio><\/figure>\n<p>A consortium of international finance institutions has agreed to disburse the first USD 400 mn tranche of a USD 662 mn short-term credit facility to the EGPC, a source from one of the institutions <a href=\"http:\/\/www.almalnews.com\/Story\/372742\/12\/%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%AF%D9%88%D9%84%D9%89-%D9%8A%D8%A8%D8%AF%D8%A3-%D8%B6%D8%AE-400-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84\">tells Al Mal<\/a>. The group agreed to disburse the tranche after the EGPC secured a letter of guarantee from the Finance Ministry for the tranche. The consortium is led by the International Islamic Trade Finance Corporation and includes Islami Bangladesh Bank, Saudi Arabia\u2019s National Commercial Bank, and Dubai Islamic Bank.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630366\" 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=\"630366\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/nissan-tops-passenger-car-sales-for-2m2018-despite-market-share-drop\/\">\r\n                            Nissan tops passenger car sales for 2M2018 despite market share drop                        <\/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\/04\/18\/nissan-tops-passenger-car-sales-for-2m2018-despite-market-share-drop\/\" 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\/04\/18\/nissan-tops-passenger-car-sales-for-2m2018-despite-market-share-drop\/')\">\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\/04\/18\/nissan-tops-passenger-car-sales-for-2m2018-despite-market-share-drop\/\">\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=Nissan tops passenger car sales for 2M2018 despite market share drop&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/nissan-tops-passenger-car-sales-for-2m2018-despite-market-share-drop\/\">\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\/04\/18\/nissan-tops-passenger-car-sales-for-2m2018-despite-market-share-drop\/&title=Nissan tops passenger car sales for 2M2018 despite market share drop\">\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=Nissan+tops+passenger+car+sales+for+2M2018+despite+market+share+drop+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fnissan-tops-passenger-car-sales-for-2m2018-despite-market-share-drop%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\/04\/18\/nissan-tops-passenger-car-sales-for-2m2018-despite-market-share-drop\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630366\" class=\"content-area-description single-story post-630366 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.7536e61d-c5a7-42f3-930f-5b5697b63666.mp3\"><\/audio><\/figure>\n<p>Nissan topped the list of passenger car sales in Egypt in January and February despite a drop in its market share to 23.3% from 32% last year, according to an Automotive Information Council (AMIC) report <a href=\"http:\/\/www.almalnews.com\/Story\/372557\/18\/%D8%AA%D8%BA%D9%8A%D8%B1%D8%A7%D8%AA-%D8%AC%D8%B0%D8%B1%D9%8A%D8%A9-%D9%81%D9%8A-%D8%AE%D8%B1%D9%8A%D8%B7%D8%A9-%D8%A7%D9%84%D9%85%D9%84%D8%A7%D9%83%D9%8A-2018\">picked up by Al Mal<\/a>. Hyundai came in second with a 22.1% market share, followed by Chevrolet (11%), Renault (9.5%), and Toyota (7.1%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630368\" 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=\"630368\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/fra-allows-the-establishment-of-charitable-investment-funds\/\">\r\n                            FRA allows the establishment of charitable investment funds                        <\/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\/04\/18\/fra-allows-the-establishment-of-charitable-investment-funds\/\" 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\/04\/18\/fra-allows-the-establishment-of-charitable-investment-funds\/')\">\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\/04\/18\/fra-allows-the-establishment-of-charitable-investment-funds\/\">\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=FRA allows the establishment of charitable investment funds&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/fra-allows-the-establishment-of-charitable-investment-funds\/\">\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\/04\/18\/fra-allows-the-establishment-of-charitable-investment-funds\/&title=FRA allows the establishment of charitable investment funds\">\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=FRA+allows+the+establishment+of+charitable+investment+funds+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Ffra-allows-the-establishment-of-charitable-investment-funds%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\/04\/18\/fra-allows-the-establishment-of-charitable-investment-funds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630368\" class=\"content-area-description single-story post-630368 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.7fa5c607-6822-4a2e-8b98-984ac74ca2de.mp3\"><\/audio><\/figure>\n<p>The Financial Regulatory Authority (FRA) approved a directive allowing the establishment of charitable investment funds, whose profits would go towards charity and other social welfare and development projects, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1282238\">Al Masry Al Youm reports<\/a>. The move had been mandated in the executive regulations of the Capital Markets Act.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630369\" 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=\"630369\">\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\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\">\r\n                            Gov\u2019t plans to amend tax laws to relax penalties for late tax payments                        <\/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\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\" 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\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/')\">\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\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\">\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 plans to amend tax laws to relax penalties for late tax payments&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\">\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\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/&title=Gov\u2019t plans to amend tax laws to relax penalties for late tax payments\">\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+plans+to+amend+tax+laws+to+relax+penalties+for+late+tax+payments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fgovt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments%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\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630369\" class=\"content-area-description single-story post-630369 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-legislation-policy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.8338a36a-909d-47a0-ac21-cfe40e8883ce.mp3\"><\/audio><\/figure>\n<p>The government is planning to amend the tax code to relax penalties imposed on tardy tax payments, <a href=\"http:\/\/www.almalnews.com\/Story\/372758\/19\/%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9%D9%89-%D9%85%D8%B1%D8%AA%D9%82%D8%A8-%D9%8A%D8%B3%D9%85%D8%AD-%D8%A8%D8%AE%D9%81%D8%B6-%D8%BA%D8%B1%D8%A7%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AA%D8%A3%D8%AE%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B6%D8%B1\">Al Mal reports<\/a>, citing reports on the government\u2019s preliminary budget for FY2018-19. The move is meant to reduce the number of tax disputes, which delay the process of tax collection. Finance Minister Amr El Garhy <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/16\/budget-debate-officially-kicks-off-at-the-house\/\">said earlier this week<\/a> that the government sees revenues from tax collections rising 23.4% y-o-y in FY2018-19 to the equivalent of 14.7% of GDP. The ministry\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/15\/govt-budget-bridging-is-out-sees-inflation-dropping-to-low-of-10-in-fy2018-19\/\">pre-budget report<\/a> suggests that tax receipts are projected to contribute EGP 770.3 bn to total state revenues of EGP 989.2 bn during the upcoming fiscal year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630370\" 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=\"630370\">\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\/04\/18\/sophia-the-robot-praises-mohamed-salah-but-still-creeps-us-out\/\">\r\n                            Sophia the Robot praises Mohamed Salah but still creeps us out                        <\/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\/04\/18\/sophia-the-robot-praises-mohamed-salah-but-still-creeps-us-out\/\" 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\/04\/18\/sophia-the-robot-praises-mohamed-salah-but-still-creeps-us-out\/')\">\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\/04\/18\/sophia-the-robot-praises-mohamed-salah-but-still-creeps-us-out\/\">\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=Sophia the Robot praises Mohamed Salah but still creeps us out&url=https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/sophia-the-robot-praises-mohamed-salah-but-still-creeps-us-out\/\">\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\/04\/18\/sophia-the-robot-praises-mohamed-salah-but-still-creeps-us-out\/&title=Sophia the Robot praises Mohamed Salah but still creeps us out\">\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=Sophia+the+Robot+praises+Mohamed+Salah+but+still+creeps+us+out+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F04%2F18%2Fsophia-the-robot-praises-mohamed-salah-but-still-creeps-us-out%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\/04\/18\/sophia-the-robot-praises-mohamed-salah-but-still-creeps-us-out\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/632.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"630371\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/sophia-the-robot-praises-mohamed-salah-but-still-creeps-us-out\/632-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/632.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"632.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/632.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/4\/632.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630370\" class=\"content-area-description single-story post-630370 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>She may unsettle us to our very core, but at least Sophia the Robot has nice things to say about footballer Mohamed Salah<\/strong>. The Saudi Arabian robot arrived in Cairo yesterday to attend the Creative Industry Summit, where she was asked some hard-hitting questions about what she thinks of Mo Salah (<a href=\"http:\/\/gate.ahram.org.eg\/SiteMedia\/Videos\/39036\/2\/%D8%B4%D8%A7%D9%87%D8%AF-%D9%85%D8%A7-%D9%82%D8%A7%D9%84%D8%AA%D9%87-%D8%A7%D9%84%D8%B1%D9%88%D8%A8%D9%88%D8%AA-%D8%B5%D9%88%D9%81%D9%8A%D8%A7-%D8%B9%D9%86-%D9%85%D8%AD%D9%85%D8%AF-%D8%B5%D9%84%D8%A7%D8%AD.aspx\">watch, runtime: 0:31<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630372\" 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=\"630372\">\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\/04\/18\/630372\/\">\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\/04\/18\/630372\/\" 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\/04\/18\/630372\/')\">\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\/04\/18\/630372\/\">\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\/04\/18\/630372\/\">\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\/04\/18\/630372\/&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%2F04%2F18%2F630372%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\/04\/18\/630372\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630372\" class=\"content-area-description single-story post-630372 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 17.64 | Sell 17.74<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.65 | Sell 17.75<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.57 | Sell 17.67<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 17,802 (+1.0%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.4 bn (22% ABOVE the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +18.5%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session up 1.0%. CIB, the index heaviest constituent ended up 1.1%. EGX30\u2019s top performing constituents were Kima up 5.5%, Abu Dhabi Islamic Bank up 5.2%, and GB Auto up 4.7%. Yesterday\u2019s worst performing stocks were Palm Hills down 0.4%, Elsewedy Electric down 0.3%, and Eastern Co down 0.2%. The market turnover was EGP 1.4 bn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -35.2 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +95.7 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -60.5 mn<\/p>\n<p><strong>Retail<\/strong>: 67.3% of total trades | 66.2% of buyers | 68.5% of sellers<br \/>\n <strong>Institutions<\/strong>: 32.7% of total trades | 33.8% of buyers | 31.5% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 15.8% of total | 14.5% of buyers | 17.1% of sellers<br \/>\n <strong>Regional:<\/strong> 16.0% of total | 19.4% of buyers | 12.6% of sellers<br \/>\n <strong>Domestic:<\/strong> 68.2% of total | 66.0% of buyers | 70.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 66.85 (+0.50%)<br \/>\n <strong>Brent:<\/strong> USD 71.91 (+0.46%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.75 MMBtu, (+0.29%, May 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,347.80 \/ troy ounce (-0.13%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 8,096.40 (+0.57%) (YTD: +12.04%)<br \/>\n <strong>ADX:<\/strong> 4,706.76 (+0.52%) (YTD: +7.01%)<br \/>\n <strong>DFM:<\/strong> 3,131.33 (-0.29%) (YTD: -7.08%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 415.78 (+1.52%) (YTD: +3.58%)<br \/>\n <strong>QE:<\/strong> 8,958.00 (+0.03%) (YTD: +5.10%)<br \/>\n <strong>MSM:<\/strong> 4,769.42 (+0.05%) (YTD: -6.47%)<br \/>\n <strong>BB: <\/strong>1,301.98 (+0.19%) (YTD: -2.23%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"630373\" 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\/04\/18\/630373\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-630373\" class=\"content-area-description single-story post-630373 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>17-18 April (Tuesday-Wednesday): <a href=\"http:\/\/eventtus.com\/event\/04nlzds95w2ln7x9xbkogyswfj42l1po\">Creative Industry Summit<\/a>, Four Seasons Nile Plaza Hotel, Cairo.<\/p>\n<p>17-18 April (Tuesday-Wednesday): <a href=\"http:\/\/www.aviationafrica.aero\/content.aspx?article=HOME\">Aviation Africa 2018 conference<\/a>, InterContinental City Stars, Heliopolis, Cairo. <a href=\"http:\/\/www.aviationafrica.aero\/content.aspx?article=REGISTER\">Register here<\/a>.<\/p>\n<p>19 April (Thursday): The National Museum of Egyptian Civilization visit and special breakfast at the American Chamber of Commerce. <a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fevents-activities%2Fregister-upcoming-event%2F1137\">Register here<\/a>.<\/p>\n<p>20-27 April (Friday-Friday): Seventh edition of <a href=\"http:\/\/www.elgounasquashopen.com\/worldseries.htm\">El Gouna International Squash Open<\/a>, El Gouna.<\/p>\n<p>23 April (Monday): Pride Capital\u2019s \u201c<a href=\"https:\/\/www.facebook.com\/events\/1848255228807510\/\">Financing Small Merchants<\/a>\u201d workshop, the Greek Campus, Cairo.<\/p>\n<p>24-25 April (Tuesday-Wednesday): Renaissance Capital\u2019s <a href=\"http:\/\/conference.rencap.com\/Calendar\/\">3rd Annual Egypt Investor Conference<\/a>, Cape Town, South Africa.<\/p>\n<p>25 April (Wednesday): Sinai Liberation Day, national holiday.<\/p>\n<p>01 May (Tuesday): Labor Day, national holiday.<\/p>\n<p>02-03 May (Wednesday-Thursday): Cisco Connect Egypt 2018, Nile Ritz-Carlton Hotel, Cairo.<\/p>\n<p>03 May (Thursday): Egypt\u2019s Emirates NBD PMI reading <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">for April released<\/a>.<\/p>\n<p>4-6 May 2018 (Friday-Sunday): <a href=\"http:\/\/icnt.org\/index.html\">International Conference on Network Technology (ICNT 2018)<\/a>, venue TBD, Cairo.<\/p>\n<p>07 May (Monday): <a href=\"http:\/\/www.idcegyptciosummit2018.com\/\">International Data Corporation\u2019s CIO Summit<\/a>, The Nile Ritz-Carlton Hotel, Cairo.<\/p>\n<p>07-08 May (Monday-Tuesday): Fourth annual <a href=\"http:\/\/www.egyptcsrforum.com\/\">Egypt CSR Forum<\/a>, InterContinental Semiramis Hotel, Cairo.<\/p>\n<p>15 May (Tuesday): Expected date for the start of Ramadan (TBC).<\/p>\n<p>17 May (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/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>28 June (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>16 August (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday.<\/p>\n<p>04-05 September (Tuesday-Wednesday): <a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a>, Cairo.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a>, venue TBD.<\/p>\n<p>27 September (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>23-24 October (Tuesday-Wednesday): <a href=\"http:\/\/eventtus.com\/event\/57331f97f1773d822f8b4578\">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): <a href=\"http:\/\/cairoict.com\/\">22nd Cairo ICT<\/a>, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":630332,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-630331","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"cf721333-d226-465c-bc93-e9575a15a6f7","teaser":"","photo_url":"https:\/\/ent.news\/2018\/4\/256.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>Consumer protection boss gets power to regulate pricing - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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