{"id":631152,"date":"2018-03-12T04:06:06","date_gmt":"2018-03-12T04:06:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=631152"},"modified":"2025-12-17T11:57:48","modified_gmt":"2025-12-17T11:57:48","slug":"shell-is-said-to-be-near-a-usd-25-bn-agreement-to-position-egypt-as-east-med-energy-hub","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/shell-is-said-to-be-near-a-usd-25-bn-agreement-to-position-egypt-as-east-med-energy-hub\/","title":{"rendered":"Shell is said to be near a USD 25 bn agreement to position Egypt as East Med energy hub"},"content":{"rendered":"<section id=\"631154\" 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=\"631154\">\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\/03\/12\/what-were-tracking-on-12-march-2018\/\">\r\n                            What we\u2019re tracking on 12 March 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\/03\/12\/what-were-tracking-on-12-march-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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The mission will include a delegation of 35 member companies who will meet with members of Congress, Trump administration officials, multilateral institutions and representatives of various DC-based think tanks to discuss the results of Egypt\u2019s ongoing economic reform program. <strong>Meetings will also explore the potential for a trade liberalization agreement with the US<\/strong>, which is currently on the hunt for a gateway to the African market, according to Egyptian-American Business Council Chairman Omar Mohanna.<\/p><p>\u201cGiven the U.S. Administration\u2019s \u2018America First\u2019 slogan, <strong>Egypt represents an unmatched opportunity for U.S. manufacturers and investors<\/strong> \u2026 offering competitive access to the international markets of Africa and Europe through its existing trade agreements, thereby spreading the demand for American products across the region,\u201d AmCham <a href=\"https:\/\/ent.news\/2018\/3\/980.pdf\">said in a press release (pdf)<\/a>. The delegation will also be sharing its concerns about US media coverage of Egypt with the Washington crowd. Enterprise is on the road with AmCham, so we\u2019ll have updates from the ground in DC for you this week.<\/p><p><strong>MUST READ- The state\u2019s IPO program will likely take the form of stake sales via accelerated book builds<\/strong>, at least at first, and don\u2019t hold our breath for major private sector IPOs before the second half of the year, our friend Mohamed Ebeid tells us in this morning\u2019s spotlight. Ebeid, co-CEO for the investment bank at EFG Hermes, also sees active investors kicking the tires in KSA now ahead of passive flows after an expected upgrade to MSCI emerging markets status and the expected IPO of Saudi Aramco. Few people know regional markets the way Ebeid does, and his thoughts on everything from expectations of Egypt this year (he sees the index up as much as 25%) and what sectors investors like here and in KSA are this morning\u2019s must-read.<\/p><p>Our talk came just a couple of days before word emerge that <strong>the world\u2019s biggest IPO may be delayed until 2019 <\/strong>as advisors have struggled to reach the USD 2 tn valuation that Crown Prince Mohamed bin Salman wants. The <a href=\"https:\/\/www.ft.com\/content\/62fa88b0-21f4-11e8-9a70-08f715791301\">Financial Times<\/a> and <a href=\"https:\/\/www.cnbc.com\/2018\/03\/11\/saudi-aramco-listing-seen-delayed-this-year-amid-struggle-over-valuation-report.html\">CNBC<\/a> have more on the Aramco sale.<\/p><p>Elsewhere in the Gulf, <strong>Emirates NBD plans to open up to more foreign shareholders<\/strong> as it prepares to bid for Turkey\u2019s DenizBank, the business information service <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-03-11\/emirates-nbd-to-raise-capital-increase-foreign-ownership-limit\">reports<\/a>, saying the bank wants \u201cshareholder approval to boost its foreign ownership limit to 20 percent from 5 percent.\u201d<\/p><p>Also worth a look this morning depending on where your business and personal interests rest:<\/p><ul>\n<li>Canada, China and Hong Kong are among the economies most at risk of a <strong>banking crisis<\/strong>, the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-03-11\/china-at-risk-of-banking-crisis-in-bis-s-early-warning-signal\">Bank for International Settlements warns<\/a>. <\/li>\n<li>China has \u201c<a href=\"https:\/\/www.theglobeandmail.com\/news\/world\/china-abolishes-presidential-term-limits-clearing-way-for-xi-jinping-to-rule-indefinitely\/article38269357\/\">swept away concerns about one-man rule<\/a>\u201d cleared the way for Xi Jinping to remain <strong>president for life<\/strong>. <\/li>\n<li>Yes, vanilla (<strong>yes, vanilla\u2014not vanillia<\/strong>) is stupidly expensive these days. As in 20x more expensive than just a few years ago. Canada\u2019s <a href=\"https:\/\/www.theglobeandmail.com\/life\/food-and-wine\/market-forces-buffet-plain-vanilla-as-global-dearth-drives-skyrocketing-prices\/article38268619\/\">Globe and Mail<\/a> explains why.<\/li>\n<li>Even if <strong>bitcoin<\/strong> doesn\u2019t survive, <strong>blockchain<\/strong> will, WSJ technology columnist <a href=\"https:\/\/www.wsj.com\/articles\/why-blockchain-will-survive-even-if-bitcoin-doesnt-1520769600\">Christopher Mims explains<\/a>. <\/li>\n<\/ul><p><strong>Spring has sprung, and so clocks are changing. <\/strong>Clocks in most of Canada and the United States sprang forward an hour on Sunday morning, meaning Cairo is now six hours ahead of New York and Toronto, not seven. Clocks will advance an hour in the UK in the wee hours of Sunday, 25 March.<\/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=\"631155\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center 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stk-3pbkewj-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" 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            \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/what-were-tracking-this-week-45\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631156\" class=\"content-area-description single-story post-631156 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>French business delegation in town this week:<\/strong> A delegation from France\u2019s main business union, <a href=\"http:\/\/www.medefinternational.fr\/the-french-business-confederations-dedicated-service-to-the-world\/\">MEDEF International<\/a>, will be visiting Egypt tomorrow and Tuesday. The delegation will be headed by Marc Rennard, head of the union\u2019s digital taskforce and the deputy CEO of Orange Group in charge of customer experience and mobile banking. The delegation will be meeting with the central bank as well as the finance, health, and CIT ministries. They will also meet with private sector players in the payment solutions sphere to discuss cybersecurity, e-government, e-identity, payment dematerialization, and digital transformation.<\/p>\n<p><strong>EGX head Mohamed Farid plans to hold meetings this week with financial industry lobby groups<\/strong> to discuss establishing an industry federation as per <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/14\/house-passes-amendments-to-the-capital-markets-act\/\">amendments to the Capital Markets Act<\/a>. The meeting will include representatives of the securities division of the Federation of Egyptian Chambers of Commerce as well as the Egyptian Capital Markets Association.<\/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=\"631157\" 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=\"631157\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/politics-dominates-airwaves-with-talk-of-post-election-cabinet-shuffle-media-rights\/\">\r\n                            Politics dominates airwaves with talk of post election cabinet shuffle, media rights                        <\/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\/03\/12\/politics-dominates-airwaves-with-talk-of-post-election-cabinet-shuffle-media-rights\/\" 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\/03\/12\/politics-dominates-airwaves-with-talk-of-post-election-cabinet-shuffle-media-rights\/')\">\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\/03\/12\/politics-dominates-airwaves-with-talk-of-post-election-cabinet-shuffle-media-rights\/\">\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=Politics dominates airwaves with talk of post election cabinet shuffle, media rights&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/politics-dominates-airwaves-with-talk-of-post-election-cabinet-shuffle-media-rights\/\">\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\/03\/12\/politics-dominates-airwaves-with-talk-of-post-election-cabinet-shuffle-media-rights\/&title=Politics dominates airwaves with talk of post election cabinet shuffle, media rights\">\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=Politics+dominates+airwaves+with+talk+of+post+election+cabinet+shuffle%2C+media+rights+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fpolitics-dominates-airwaves-with-talk-of-post-election-cabinet-shuffle-media-rights%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\/03\/12\/politics-dominates-airwaves-with-talk-of-post-election-cabinet-shuffle-media-rights\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631157\" class=\"content-area-description single-story post-631157 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>Politics dominated the airwaves last night, with concerns over a potential cabinet shuffle post election, the state of media legislation, and burgeoning Sudan-Egypt ties.<\/strong> Al Hayah Al Youm gave us the only econ respite with an exclusive with Trade and Industry Minister Tarek Kabil.<\/p>\n<p><strong>Some 25 Chinese companies are planning to set up textiles projects worth USD 2 bn in Sadat City<\/strong>, Kabil told host Khaled Abu Bakr (<a href=\"https:\/\/www.youtube.com\/watch?v=xvnY0ZH4hBY\">watch, runtime: 3:23<\/a>). In an hour-long interview, Kabil spoke about the economic reform measures, saying they require time to bear fruit, and discussed industrial developments over the past four years. He also said that 4,400 factories are expected to obtain licences over the coming year (<a href=\"https:\/\/www.youtube.com\/watch?v=CeuFKHkaGUY&amp=&t=27s\">watch, runtime: 3:03<\/a>). He added that a total of 501 new factories will launch next month. You can watch full interview here (<a href=\"https:\/\/www.youtube.com\/watch?v=WAO_EscQYaU\">watch, runtime: 1:00:00<\/a>)<\/p>\n<p><strong>Despite rampant speculation, we might not see a new cabinet after the presidential election?<\/strong> That was the contention on the airwaves last night. The constitution does not mandate a cabinet shuffle with the beginning of a new presidential term, constitutional law professor Salah Fawzy told Hona Al Asema\u2019s Lamees Al Hadidi. He added that the president would need over 50% of House of Representatives MPs to vote in favor of any such shuffle (<a href=\"https:\/\/www.youtube.com\/watch?v=EkQXndCj_Xg\">watch, runtime: 5:35<\/a>). House spokesperson Salah Hassaballah concurred, adding that the majority of MPs trust and support President Abdel Fattah El Sisi\u2019s choices (<a href=\"https:\/\/www.youtube.com\/watch?v=oqYFFyCvaQk\">watch, runtime: 4:35<\/a>). He also said the president would take the oath of office before parliament in June.<\/p>\n<p><strong>Is Support Egypt looking to become a formal party?<\/strong> The Support Egypt Coalition \u2014 the largest political bloc in the House \u2014 may turn into a single unified political party, said Hassaballah. The matter has yet to be decided, he added. He then moved on to say that parliament is considering going back to the old tradition of airing its sessions on TV, but we\u2019ll believe it when we see it (<a href=\"https:\/\/www.youtube.com\/watch?v=B1ZOJTFUJAM\">watch, runtime: 4:54<\/a>).<\/p>\n<p><strong>As the House looks to debate the Media Act (more in the Speed Round), the politics-heavy episode turned into a discussion on on the laws regulating press freedom<\/strong> in Egypt. Press Syndicate Head Abdel Mohsen Salama and Media Syndicate head Hamdy El Konaysi said that there are up to 35 articles in different pieces of legislation that allow the jailing of journalists over content (<a href=\"https:\/\/www.youtube.com\/watch?v=HrUYgU7BzbU&t=316s\">watch, runtime: 41:31<\/a>). Salama called the provisions outdated said they contradict the 2014 constitution, which guarantees freedom of the press under Article 71.<\/p>\n<p><strong>Relations with Sudan remained high on host Amr Adib\u2019s mind again<\/strong>, as he urged Egyptians to not rely on improved Nile politics and start conserving water (<a href=\"https:\/\/www.youtube.com\/watch?v=3DI9A0rwPzw\">watch, runtime: 8:30<\/a>). On Masaa DMC, Eman Al Hossary spoke to former Foreign Minister Mohamed El Oraby who expressed \u201crelief\u201d that ties have recently warmed (<a href=\"https:\/\/www.youtube.com\/watch?v=uzfVBQ9YKzY\">watch, runtime: 6:45<\/a>). Foreign Ministry spokesman Ahmed Abu Zeid told Al Hayah Al Youm\u2019s Khaled Abu Bakr that Egypt and Sudan enjoy strong ties and spoke about similar strong relations with other African countries including South Sudan and Kenya as part of Egypt\u2019s growing interest in Africa (<a href=\"https:\/\/www.youtube.com\/watch?v=G2nEt3rYycg\">watch, runtime: 15:55<\/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=\"631159\" 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=\"631159\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/is-shell-nearing-a-usd-25-bn-agreement-that-could-see-egypt-become-an-east-med-export-hub\/\">\r\n                            Is Shell nearing a USD 25 bn agreement that could see Egypt become an East Med export hub?                        <\/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\/03\/12\/is-shell-nearing-a-usd-25-bn-agreement-that-could-see-egypt-become-an-east-med-export-hub\/\" 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\/03\/12\/is-shell-nearing-a-usd-25-bn-agreement-that-could-see-egypt-become-an-east-med-export-hub\/')\">\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\/03\/12\/is-shell-nearing-a-usd-25-bn-agreement-that-could-see-egypt-become-an-east-med-export-hub\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Is Shell nearing a USD 25 bn agreement that could see Egypt become an East Med export hub?&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/is-shell-nearing-a-usd-25-bn-agreement-that-could-see-egypt-become-an-east-med-export-hub\/\">\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\/03\/12\/is-shell-nearing-a-usd-25-bn-agreement-that-could-see-egypt-become-an-east-med-export-hub\/&title=Is Shell nearing a USD 25 bn agreement that could see Egypt become an East Med export hub?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Is+Shell+nearing+a+USD+25+bn+agreement+that+could+see+Egypt+become+an+East+Med+export+hub%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fis-shell-nearing-a-usd-25-bn-agreement-that-could-see-egypt-become-an-east-med-export-hub%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\/03\/12\/is-shell-nearing-a-usd-25-bn-agreement-that-could-see-egypt-become-an-east-med-export-hub\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631159\" class=\"content-area-description single-story post-631159 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Is Shell nearing a USD 25 bn agreement that could see Egypt become an East Med gas export hub?<\/strong> Shell is reportedly in talks to buy gas from the Israel\u2019s Leviathan and Cyprus\u2019 Aphrodite gas fields in a USD 25 bn, 10-year agreement, <a href=\"http:\/\/www.globes.co.il\/en\/article-shell-seeks-to-buy-leviathan-aphrodite-gas-1001227150\">Israel\u2019s Globes reports<\/a> citing a report from Bloomberg. Shell is looking to buy 10 bcm of gas from both fields, industry sources said.<\/p>\n<p><strong>Background: <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-20\/shell-is-said-to-mull-buying-israeli-cyprus-gas-for-egypt-plant\">Bloomberg had noted last year<\/a> that Shell was looking for ways to move gas from Leviathan and Aphrodite, in which it holds a 35% stake, to Egypt\u2019s Idku LNG facility, which it owns and from which it hopes to export. <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/20\/dolphinus-reportedly-signs-usd-15-bn-natural-gas-agreement-with-israel\/\">Last month\u2019s USD 15 bn agreement<\/a> between Leviathan operators and Alaa Arafa-led Dolphinus Holding to import gas to Egypt had opened options to moving gas to the country. Gas could be shipped to Egypt through Jordan via a pipeline as conditions for that appear ready, according to statements by Leviathan partners Delek Energy and Noble Drilling. Both are <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/08\/all-conditions-met-to-export-gas-from-leviathan-to-jordan-partners-say\/\">looking to purchase<\/a> the rights to use the East Mediterranean Gas Company\u2019s pipeline to transport gas to its customers in Egypt.<\/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=\"631171\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"631172\" 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=\"631172\">\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\">Spotlight<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/what-to-expect-of-the-governments-ipo-program-according-to-efg-hermes-investment-bank-co-ceo-mohamed-ebeid\/\">\r\n                            What to expect of the government\u2019s IPO program, according to EFG Hermes Investment Bank Co-CEO Mohamed Ebeid                        <\/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\/03\/12\/what-to-expect-of-the-governments-ipo-program-according-to-efg-hermes-investment-bank-co-ceo-mohamed-ebeid\/\" 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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But don\u2019t count Saudi Arabia out: Investors love Egypt right now, but the relative smallness of our market and a desire to see new names in play has many investors look toward the Tadawul as KSA prepares for upgrade to MSCI emerging. We sat down with EFG Hermes Investment Bank Co-CEO Mohamed Ebeid to discuss what to expec this year. Edited excerpts:<\/p>\n<p><strong>There\u2019s very positive sentiment on Egypt.<\/strong> Everyone wants to play Egypt as a typical EM that went through a steep devaluation followed by an expected decline on interest rates and inflation. There\u2019s also a little bit of a deleveraging story to Egypt. This will lead to bottom line earnings beyond everyone\u2019s expectations and that, in turn, will re-rate the market to a different level.<\/p>\n<p><strong>Everyone knows the story. In fact, Egypt has been down this road before. <\/strong>It follows the same pattern in all EMs, so people can relate to what\u2019s happening in Egypt now. Egypt also can boast a history of reform. Looking back to the devaluation in 2002 and the reforms of the following years, Egypt for was one of best performers globally for multiple years in a row. Egypt was a top performer twice, and was once in the top five of all frontier markets, even when looking at it in USD terms after the devaluation of \u201802.<\/p>\n<p><strong>We expect 25% pickup index-wide in Egypt between now and the end of the year <\/strong>and up to 40% pick up on selected stocks.<\/p>\n<p><strong>Transparency on the reform agenda and political stability work in Egypt\u2019s favor: <\/strong>Investors appreciate the stability that we\u2019ve been going through on the political side and the credibility of the economic reform program, something is definitely happening right now. Beyond the actual reform policies themselves, the accessibility of the economic team, the CBE, and the presidency to institutional investors \u2014 who have been meeting them periodically \u2014 has helped bolster positive sentiment across the board. This has shown all investors that we\u2019re back to business. This is reflected not just in reserves breaking the USD 42 bn barrier, but in equity inflows coming into the market. Big stakes are being bought by institutional investors.<\/p>\n<p><strong>What sectors do investors like these days?<\/strong> Institutional investors are really coming into real estate. There\u2019s also a lot of interest in consumer thanks to the pickup and the deleveraging story. Banks have been taking on lots on treasuries, but that will decline, given the interest rate environment. That said, there\u2019s still interest in banks because everyone is expecting loan growth to pick up \u2014 it had been previously stagnant. Everyone is interested in industry.<\/p>\n<p><strong>All in all, there\u2019s more demand than there is paper available<\/strong>, which will will inflate asset prices across the board until there\u2019s more paper in the system.<\/p>\n<p><strong>The biggest issue in Egypt is that the country needs more listings<\/strong>. Generally, setting up IPOs is a lengthy process and there\u2019s a limited number of sizeable listings that can be brought to market this year. Smaller IPOs are doable, but these are limited in number.<\/p>\n<p><strong>What about the government program? <\/strong>They\u2019ve chosen the best route, which is is an accelerated book building program for some of the government stakes in listed equities and trim down the ownership, rather than owning it through multiple vehicles. These state companies are known by investors and covered by research, which is facilitating an accelerated book-building program over a 24-hour window. That would bring a lot of volumes to the market. We\u2019ll start seeing this in the second quarter of this year, and we\u2019ll see then some of these companies on the market.<\/p>\n<p><strong>The state asset sales will drive volumes. <\/strong>Volumes have been in the EGP 1-1.2 bn range recently. These are expected to grow to EGP 1.5-2 bn by the time the IPO program rolls around, bearing in mind that this is still really low considering the devaluation.<\/p>\n<p><strong>As for major private sector IPOs? <\/strong>It\u2019s looking unlikely that there will be any major activity before 2H2018, with one possible exception that could go out in May.<\/p>\n<p><strong>There\u2019s also appetite for Saudi Arabia on the back of a possible EM upgrade and the expected IPO of Saudi Aramco.<\/strong> There is also interest in the QFI model relaxation and there\u2019s even speculation that maybe by the time of the Aramco IPO, they might open the market completely. Investors are seeing that the dust is starting to settle after the end of last year, with some expecting that things might turnaround quicker than people expect. Given the the size in KSA, it\u2019s not a market anyone can really neglect.<\/p>\n<p><strong>Lots of active funds are looking at Saudi because they know the passive side will come in soon.<\/strong> Size is vital given how big the liquidity is in Saudi, so there\u2019s room for people to come in there. We\u2019re taking investors around Saudi at least once a week these days.<\/p>\n<p><strong>There\u2019s plenty of interest in the Saudi consumer sector.<\/strong> This was dampened a bit after the events we saw in November 2017, as many of the consumer companies swept up in it were mainly owned by individuals or families. That coupled with the fiscal cuts by the Saudi government led to a lot of those stocks taking a hit. With the government announcing an increase in spending this year, interest in the consumer sector is being revived. There\u2019s also a lot of interest in midcaps, particularly with healthcare. Consumer and healthcare will be the two main sectors in Saudi.<\/p>\n<p><strong>Everyone is waiting to see when the Aramco IPO will take place.<\/strong> People are also looking at other IPOs in the works, and whether they are going to run before Aramco.<\/p>\n<p><strong>There\u2019s also a lot of interest in frontier markets<\/strong>, and that\u2019s rooted in a bottom up approach. Everyone selectively looks at companies over the wider market. It\u2019s not about a Nigeria story, it\u2019s about a bank in Nigeria.<\/p>\n<p><strong>The biggest concern on frontiers is liquidity.<\/strong> Getting out is a lot harder than getting in because the number of players to whom you can sell isn\u2019t huge. It\u2019s concentrated in size among a few and the local players will not be able buy whole stakes. So they\u2019re being selective on companies, volumes and size.<\/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=\"631174\" 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=\"631174\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/egypt-aspires-to-become-regional-energy-hub-ellinas-writes\/\">\r\n                            Egypt aspires to become regional energy hub, Ellinas writes                        <\/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\/03\/12\/egypt-aspires-to-become-regional-energy-hub-ellinas-writes\/\" 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\/03\/12\/egypt-aspires-to-become-regional-energy-hub-ellinas-writes\/')\">\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\/03\/12\/egypt-aspires-to-become-regional-energy-hub-ellinas-writes\/\">\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 aspires to become regional energy hub, Ellinas writes&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/egypt-aspires-to-become-regional-energy-hub-ellinas-writes\/\">\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\/03\/12\/egypt-aspires-to-become-regional-energy-hub-ellinas-writes\/&title=Egypt aspires to become regional energy hub, Ellinas writes\">\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+aspires+to+become+regional+energy+hub%2C+Ellinas+writes+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fegypt-aspires-to-become-regional-energy-hub-ellinas-writes%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\/03\/12\/egypt-aspires-to-become-regional-energy-hub-ellinas-writes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631174\" class=\"content-area-description single-story post-631174 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt is basing its strategy to become a regional energy hub on three key pillars<\/strong>, <a href=\"http:\/\/cyprus-mail.com\/2018\/03\/11\/egypt-aspires-become-east-med-energy-hub\/\">Charles Ellinas writes for Cyprus Mail<\/a>. The first is domestic, through the gas market liberalization and the appointment of an independent regulator. Technically and commercially, with a well-established energy system with marine platforms, storage facilities, extensive transmission system and infrastructure.The third pillar involves alignment with EU energy policy in order for Egypt to become a supplier to the continent. \u201cIsraeli and Cypriot gas finds, together with the giant Zohr and other gas fields off Egypt, and potential gas reservoirs off Lebanon, could create a gas hub right on Europe\u2019s doorstep,\u201d Ellinas adds.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"631176\" 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=\"631176\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/shoukry-meets-with-afrexim-chief-to-discuss-cftz-ahead-of-africa-tour\/\">\r\n                            Shoukry meets with Afrexim chief to discuss CFTZ ahead of Africa tour                        <\/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\/03\/12\/shoukry-meets-with-afrexim-chief-to-discuss-cftz-ahead-of-africa-tour\/\" 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\/03\/12\/shoukry-meets-with-afrexim-chief-to-discuss-cftz-ahead-of-africa-tour\/')\">\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\/03\/12\/shoukry-meets-with-afrexim-chief-to-discuss-cftz-ahead-of-africa-tour\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Shoukry meets with Afrexim chief to discuss CFTZ ahead of Africa tour&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/shoukry-meets-with-afrexim-chief-to-discuss-cftz-ahead-of-africa-tour\/\">\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\/03\/12\/shoukry-meets-with-afrexim-chief-to-discuss-cftz-ahead-of-africa-tour\/&title=Shoukry meets with Afrexim chief to discuss CFTZ ahead of Africa tour\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Shoukry+meets+with+Afrexim+chief+to+discuss+CFTZ+ahead+of+Africa+tour+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fshoukry-meets-with-afrexim-chief-to-discuss-cftz-ahead-of-africa-tour%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\/03\/12\/shoukry-meets-with-afrexim-chief-to-discuss-cftz-ahead-of-africa-tour\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631176\" class=\"content-area-description single-story post-631176 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>Shoukry kicks off Africa engagement tour:<\/strong> Foreign Minister Sameh Shoukry met with African Export-Import bank (Afrexim) chief Benedict Okey Oramah ahead of meetings on launching the Continental Free Trade Zone (CFTZ) in Kigali later this month, according to <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/1918210381584232\">a ministry statement<\/a>. Shoukry will then travel on Monday to South Sudan, and Kenya, where he will discuss cooperation with President Uhuru Kenyatta, according to <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/1918101448261792\">another ministry statement<\/a>.<\/p>\n<p><strong>This comes as acting head of General Intelligence Abbas Kamel met with his Sudanese counterpart Salah Ghosh and Sudan\u2019s Foreign Minister Ibrahim Ghandour<\/strong> in Khartoum on Saturday to discuss coordination for resolving \u201cpending issues\u201d, <a href=\"http:\/\/suna-sd.net\/suna\/showNews\/378591\/en\">Sudan News Agency (SUNA) reports<\/a>.<\/p>\n<p><strong>But that\u2019s not stopping Sudan from flirting with pariahs, as the country and Qatar have agreed to establish a joint committee for political consultations,<\/strong> the Sudanese Foreign Ministry <a href=\"http:\/\/www.mofa.gov.sd\/en\/more.php?main_id=6&sub_id=0&id=60782\">said in a statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"631177\" 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=\"631177\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/toyota-tsusho-presents-feasibility-study-on-usd-3-bn-suez-petrochemicals-plant\/\">\r\n                            Toyota Tsusho presents feasibility study on USD 3 bn Suez petrochemicals plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/toyota-tsusho-presents-feasibility-study-on-usd-3-bn-suez-petrochemicals-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/toyota-tsusho-presents-feasibility-study-on-usd-3-bn-suez-petrochemicals-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/toyota-tsusho-presents-feasibility-study-on-usd-3-bn-suez-petrochemicals-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Toyota Tsusho presents feasibility study on USD 3 bn Suez petrochemicals plant&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/toyota-tsusho-presents-feasibility-study-on-usd-3-bn-suez-petrochemicals-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/toyota-tsusho-presents-feasibility-study-on-usd-3-bn-suez-petrochemicals-plant\/&title=Toyota Tsusho presents feasibility study on USD 3 bn Suez petrochemicals plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Toyota+Tsusho+presents+feasibility+study+on+USD+3+bn+Suez+petrochemicals+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Ftoyota-tsusho-presents-feasibility-study-on-usd-3-bn-suez-petrochemicals-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/toyota-tsusho-presents-feasibility-study-on-usd-3-bn-suez-petrochemicals-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631177\" class=\"content-area-description single-story post-631177 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\/.efc7756a-c4cb-4c7e-a55d-965103959e8f.mp3\"><\/audio><\/figure>\n<p>Prime Minister Sherif Ismail and Oil Minister Tarek El Molla met yesterday with a Toyota Tsusho delegation, which presented its initial feasibility study on the Egyptian Petrochemicals Holding Company\u2019s (ECHEM) USD 3 bn petrochemicals plant, <a href=\"http:\/\/www.youm7.com\/story\/2018\/3\/11\/%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%AA%D8%AA%D9%84%D9%82%D9%89-%D8%AF%D8%B1%D8%A7%D8%B3%D8%A9-%D9%85%D9%86-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AA%D9%88%D9%8A%D9%88%D8%AA%D8%A7-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D9%84%D8%A5%D9%82%D8%A7%D9%85%D8%A9-%D9%85%D8%AC%D9%85%D8%B9-%D8%A8%D8%AA%D8%B1%D9%88%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A7%D8%AA\/3688705\">Youm7 reports<\/a>. ECHEM had agreed with Toyota Tsusho last year to conduct the studies on the plant, which <a href=\"https:\/\/enterprise.press\/stories\/2017\/09\/17\/usd-3-bn-petrochemicals-plant-to-begin-production-in-2021\/\">will be constructed<\/a> in the Suez Canal Economic Zone.<\/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=\"631178\" 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=\"631178\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/port-said-governorate-in-talks-over-five-new-ppp-schools\/\">\r\n                            Port Said governorate in talks over five new PPP schools                        <\/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\/03\/12\/port-said-governorate-in-talks-over-five-new-ppp-schools\/\" 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\/03\/12\/port-said-governorate-in-talks-over-five-new-ppp-schools\/')\">\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\/03\/12\/port-said-governorate-in-talks-over-five-new-ppp-schools\/\">\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=Port Said governorate in talks over five new PPP schools&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/port-said-governorate-in-talks-over-five-new-ppp-schools\/\">\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\/03\/12\/port-said-governorate-in-talks-over-five-new-ppp-schools\/&title=Port Said governorate in talks over five new PPP schools\">\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=Port+Said+governorate+in+talks+over+five+new+PPP+schools+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fport-said-governorate-in-talks-over-five-new-ppp-schools%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\/03\/12\/port-said-governorate-in-talks-over-five-new-ppp-schools\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631178\" class=\"content-area-description single-story post-631178 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.5d094bf6-b934-4e3f-981a-a36e38cae1e3.mp3\"><\/audio><\/figure>\n<p>Port Said Governor Adel El Ghadban met with private and public education officials and businessmen yesterday to discuss establishing five new schools under the 200 public-private partnership schools initiative, <a href=\"http:\/\/www.almalnews.com\/Story\/368428\/15\/%D8%A8%D9%88%D8%B1%D8%B3%D8%B9%D9%8A%D8%AF-%D8%AA%D8%B7%D8%B1%D8%AD-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%A5-%D9%85%D8%AF%D8%A7%D8%B1%D8%B3-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5\">Al Mal reports<\/a>. Some of the schools are expected to begin operating in the next academic year, according to the governor. This comes as the government is <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/05\/housing-ministry-to-announce-results-of-ppp-tenders-soon\/\">expected to announce soon<\/a> the results of its tender for the development and management of the 200 PPP schools.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"631179\" 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=\"631179\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/sodic-signs-revenue-sharing-agreement-for-a-308-feddan-land-plot-on-the-north-coast\/\">\r\n                            SODIC signs revenue sharing agreement for a 308 feddan land plot on the North Coast                        <\/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\/03\/12\/sodic-signs-revenue-sharing-agreement-for-a-308-feddan-land-plot-on-the-north-coast\/\" 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\/03\/12\/sodic-signs-revenue-sharing-agreement-for-a-308-feddan-land-plot-on-the-north-coast\/')\">\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\/03\/12\/sodic-signs-revenue-sharing-agreement-for-a-308-feddan-land-plot-on-the-north-coast\/\">\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=SODIC signs revenue sharing agreement for a 308 feddan land plot on the North Coast&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/sodic-signs-revenue-sharing-agreement-for-a-308-feddan-land-plot-on-the-north-coast\/\">\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\/03\/12\/sodic-signs-revenue-sharing-agreement-for-a-308-feddan-land-plot-on-the-north-coast\/&title=SODIC signs revenue sharing agreement for a 308 feddan land plot on the North Coast\">\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=SODIC+signs+revenue+sharing+agreement+for+a+308+feddan+land+plot+on+the+North+Coast+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fsodic-signs-revenue-sharing-agreement-for-a-308-feddan-land-plot-on-the-north-coast%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\/03\/12\/sodic-signs-revenue-sharing-agreement-for-a-308-feddan-land-plot-on-the-north-coast\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631179\" class=\"content-area-description single-story post-631179 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.79ee18bf-ad99-44e7-87c0-e51edbf23ce1.mp3\"><\/audio><\/figure>\n<p>SODIC <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/03\/North-Coast-signing-8.3.18.pdf\">announced signing a revenue sharing agreement<\/a> for two adjacent plots with a total land area of 308 feddans on the North Coast. The agreement provides the land owned with a 28% share of the project\u2019s revenues from unit sales, which SODIC projects to be around EGP 15.2 bn. The land plot is directly off the new Dabaa road exit and 8 km east of SODIC\u2019s Caesar maiden North Coast project.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"631181\" 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=\"631181\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/air-cairo-launching-flights-from-azerbaijan-sweden-and-romania-to-sharm\/\">\r\n                            Air Cairo launching flights from Azerbaijan, Sweden, and Romania to Sharm                        <\/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\/03\/12\/air-cairo-launching-flights-from-azerbaijan-sweden-and-romania-to-sharm\/\" 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\/03\/12\/air-cairo-launching-flights-from-azerbaijan-sweden-and-romania-to-sharm\/')\">\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\/03\/12\/air-cairo-launching-flights-from-azerbaijan-sweden-and-romania-to-sharm\/\">\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=Air Cairo launching flights from Azerbaijan, Sweden, and Romania to Sharm&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/air-cairo-launching-flights-from-azerbaijan-sweden-and-romania-to-sharm\/\">\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\/03\/12\/air-cairo-launching-flights-from-azerbaijan-sweden-and-romania-to-sharm\/&title=Air Cairo launching flights from Azerbaijan, Sweden, and Romania to Sharm\">\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=Air+Cairo+launching+flights+from+Azerbaijan%2C+Sweden%2C+and+Romania+to+Sharm+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fair-cairo-launching-flights-from-azerbaijan-sweden-and-romania-to-sharm%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\/03\/12\/air-cairo-launching-flights-from-azerbaijan-sweden-and-romania-to-sharm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631181\" class=\"content-area-description single-story post-631181 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.5b3dbfbb-0b91-4ae4-85ab-80483a9cb4fa.mp3\"><\/audio><\/figure>\n<p>Charter airline Air Cairo will add weekly flights to Sharm El Sheikh from Azerbaijan, Sweden, and Romania, company chief Yasser El Ramly <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=11032018&id=5bd0841e-df4b-4ecc-bae9-a7346c4355ae\">tells Al Shorouk<\/a>. The move comes as the company aims to increase its passengers to 450k this 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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"631182\" 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=\"631182\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/govt-to-select-winning-offers-for-1300-locomotive-supply-contracts-by-junes-end\/\">\r\n                            Gov\u2019t to select winning offers for 1300 locomotive supply contracts by June\u2019s end                        <\/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\/03\/12\/govt-to-select-winning-offers-for-1300-locomotive-supply-contracts-by-junes-end\/\" 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\/03\/12\/govt-to-select-winning-offers-for-1300-locomotive-supply-contracts-by-junes-end\/')\">\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\/03\/12\/govt-to-select-winning-offers-for-1300-locomotive-supply-contracts-by-junes-end\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t to select winning offers for 1300 locomotive supply contracts by June\u2019s end&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/govt-to-select-winning-offers-for-1300-locomotive-supply-contracts-by-junes-end\/\">\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\/03\/12\/govt-to-select-winning-offers-for-1300-locomotive-supply-contracts-by-junes-end\/&title=Gov\u2019t to select winning offers for 1300 locomotive supply contracts by June\u2019s end\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+to+select+winning+offers+for+1300+locomotive+supply+contracts+by+June%E2%80%99s+end+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fgovt-to-select-winning-offers-for-1300-locomotive-supply-contracts-by-junes-end%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\/03\/12\/govt-to-select-winning-offers-for-1300-locomotive-supply-contracts-by-junes-end\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631182\" class=\"content-area-description single-story post-631182 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\/.40e2405a-0063-4222-9d45-93df2f7b89e1.mp3\"><\/audio><\/figure>\n<p>The government will select the winning bid to supply the Egyptian National Railways with 1,300 railway cars for around EGP 18 bn next month, Transport Minister Hisham Arafat <a href=\"https:\/\/alborsanews.com\/2018\/03\/11\/1092319\">tells Al Borsa<\/a>. The ministry is deliberating between offers from a Chinese and a Spanish company, in addition to a Russian-Hungarian and an Indian-Italian consortium. The government will also select a company or consortium to design, finance, supply, operate, and maintain the Alamein-Ain Sokhna high-speed electric train on 30 June, according to Arafat. A joint committee from the transport and housing ministries completed on Thursday its review of the offers for the project, which saw 10 out of 23 companies and consortiums qualify to submit financial and technical offers. Arafat did not disclose details on the consortia, but noted that they include Orascom Construction, Elsewedy Electric, Hassan Allam Sons, SEMAF, and Arab Contractors, alongside firms from Italy, Canada, China, Japan, Germany, and others.<\/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=\"631183\" 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=\"631183\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/\">\r\n                            Samcrete in talks with local banks for EGP 2.5 bn credit 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\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-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\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-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\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-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=Samcrete in talks with local banks for EGP 2.5 bn credit facility&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-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\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/&title=Samcrete in talks with local banks for EGP 2.5 bn credit 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=Samcrete+in+talks+with+local+banks+for+EGP+2.5+bn+credit+facility+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fsamcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-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\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631183\" class=\"content-area-description single-story post-631183 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\/.e6a50e10-46fe-42c2-8974-f75748e452f1.mp3\"><\/audio><\/figure>\n<p>Real estate developer Samcrete is in talks with local banks for a EGP 2.5 bn credit facility to finance the contracting projects it has undertaken, an unnamed company source <a href=\"http:\/\/almalnews.com\/Story\/368333\/11\/%D8%B3%D8%A7%D9%85%D9%83%D8%B1%D9%8A%D8%AA-%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D9%84%D9%84%D8%AD%D8%B5%D9%88%D9%84-%D8%B9%D9%84%D9%89-%D8%AA%D8%B3%D9%87%D9%8A%D9%84%D8%A7%D8%AA-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-2-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87\">tells Al Mal<\/a>. Samcrete is primarily negotiating with the National Bank of Egypt but is also in talks with other banks, according to the source.<\/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=\"631184\" 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=\"631184\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/ifc-to-support-smes-in-dakahlia\/\">\r\n                            IFC to support SMEs in Dakahlia                        <\/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\/03\/12\/ifc-to-support-smes-in-dakahlia\/\" 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\/03\/12\/ifc-to-support-smes-in-dakahlia\/')\">\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\/03\/12\/ifc-to-support-smes-in-dakahlia\/\">\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=IFC to support SMEs in Dakahlia&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/ifc-to-support-smes-in-dakahlia\/\">\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\/03\/12\/ifc-to-support-smes-in-dakahlia\/&title=IFC to support SMEs in Dakahlia\">\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=IFC+to+support+SMEs+in+Dakahlia+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fifc-to-support-smes-in-dakahlia%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\/03\/12\/ifc-to-support-smes-in-dakahlia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631184\" class=\"content-area-description single-story post-631184 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.33e2532e-a277-4e05-842b-8a47ea340bca.mp3\"><\/audio><\/figure>\n<p>The International Finance Corporation (IFC) will support the Dakahlia Businessmen Association for Community Development (DBACD) as it scales up its lending operations and caters to borrowers who seek larger loans. IFC will also help DBACD improve in key areas, including risk management and strategic business planning, <a href=\"https:\/\/ifcext.ifc.org\/ifcext\/Pressroom\/IFCPressRoom.nsf\/0\/EBC46321203EAB158525824D0040E079?OpenDocument\">IFC said in a statement yesterday<\/a>. The latest partnership with DBACD is supported by the Japanese Ministry of Finance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"631185\" 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=\"631185\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/khairy-ramadan-returns-to-tv-after-detention-over-allegedly-insulting-police\/\">\r\n                            Khairy Ramadan returns to TV after detention over allegedly \u201cinsulting police\u201d                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/khairy-ramadan-returns-to-tv-after-detention-over-allegedly-insulting-police\/\" 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\/03\/12\/khairy-ramadan-returns-to-tv-after-detention-over-allegedly-insulting-police\/')\">\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\/03\/12\/khairy-ramadan-returns-to-tv-after-detention-over-allegedly-insulting-police\/\">\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=Khairy Ramadan returns to TV after detention over allegedly \u201cinsulting police\u201d&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/khairy-ramadan-returns-to-tv-after-detention-over-allegedly-insulting-police\/\">\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\/03\/12\/khairy-ramadan-returns-to-tv-after-detention-over-allegedly-insulting-police\/&title=Khairy Ramadan returns to TV after detention over allegedly \u201cinsulting police\u201d\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Khairy+Ramadan+returns+to+TV+after+detention+over+allegedly+%E2%80%9Cinsulting+police%E2%80%9D+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fkhairy-ramadan-returns-to-tv-after-detention-over-allegedly-insulting-police%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\/03\/12\/khairy-ramadan-returns-to-tv-after-detention-over-allegedly-insulting-police\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631185\" class=\"content-area-description single-story post-631185 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.7a1c3294-54a6-49ef-aa5d-1548384ef458.mp3\"><\/audio><\/figure>\n<p>TV Presenter Khairy Ramadan returned on air on Saturday following his <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/06\/mbs-impresses-talking-heads-ramadan-released-on-bail\/\">release on bail<\/a> pending investigations into charges of spreading false news and insulting the police, <a href=\"http:\/\/www.egyptindependent.com\/anchor-khariy-ramadan-returns-television-arrested-wronging-police\/\">Al Masry Al Youm reports<\/a>. The charges were filed after Ramadan aired an episode of his show talking about police wages being too low.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"631187\" 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=\"631187\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/egypts-shorbagy-wins-15th-edition-of-canary-wharf-classic\/\">\r\n                            Egypt\u2019s Shorbagy wins 15th edition of Canary Wharf Classic                        <\/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\/03\/12\/egypts-shorbagy-wins-15th-edition-of-canary-wharf-classic\/\" 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\/03\/12\/egypts-shorbagy-wins-15th-edition-of-canary-wharf-classic\/')\">\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\/03\/12\/egypts-shorbagy-wins-15th-edition-of-canary-wharf-classic\/\">\n                    Facebook                    <!-- <img decoding=\"async\" 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decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+Shorbagy+wins+15th+edition+of+Canary+Wharf+Classic+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2Fegypts-shorbagy-wins-15th-edition-of-canary-wharf-classic%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\/03\/12\/egypts-shorbagy-wins-15th-edition-of-canary-wharf-classic\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/3\/1934.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"631188\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/egypts-shorbagy-wins-15th-edition-of-canary-wharf-classic\/1934-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/3\/1934.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1934.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/3\/1934.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/3\/1934.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631187\" class=\"content-area-description single-story post-631187 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_sports tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.d994cc36-bdec-4530-8dff-a803da8ab00d.mp3\"><\/audio><\/figure>\n<p>Squash champion Mohamed El Shorbagy became the first ever Egyptian winner of the prestigious Canary Wharf Classic after he defeated compatriot Tarek Momen in London\u2019s East Wintergarden, <a href=\"https:\/\/psaworldtour.com\/news\/view\/5420\/elshorbagy-wins-15th-edition-of-canary-wharf-classic\">according to the PSA World Tour<\/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\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"631189\" 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=\"631189\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/500-startups-extends-deadline-for-mena-dojo-series-a-program\/\">\r\n                            500 Startups extends deadline for MENA Dojo Series A program                        <\/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\/03\/12\/500-startups-extends-deadline-for-mena-dojo-series-a-program\/\" 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\" 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program&url=https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/500-startups-extends-deadline-for-mena-dojo-series-a-program\/\">\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\/03\/12\/500-startups-extends-deadline-for-mena-dojo-series-a-program\/&title=500 Startups extends deadline for MENA Dojo Series A program\">\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=500+Startups+extends+deadline+for+MENA+Dojo+Series+A+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2F500-startups-extends-deadline-for-mena-dojo-series-a-program%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\/03\/12\/500-startups-extends-deadline-for-mena-dojo-series-a-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631189\" class=\"content-area-description single-story post-631189 post type-post status-publish format-standard 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>Silicon Valley-based 500 Startups <\/strong><a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/03\/10032018_500-Startups-Announces-Application-deadlines-extended-EFinal.....pdf\"><strong>announced that<\/strong><\/a><strong> the deadline for submitting applications for its second edition of MENA Dojo Series A Program has been extended to 15 March<\/strong>. \u201cThe program aims to support post-seed stage startups to boost their growth to the next level with a 1-to-1 mentor-driven growth hacking program.\u201d Launched in 2017, 500 Falcons, 500 Startups MENA focused fund, plans to invest in approximately 100-150 companies over the next three years.<\/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=\"631192\" 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=\"631192\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/631192\/\">\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\" 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F03%2F12%2F631192%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\/03\/12\/631192\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631192\" class=\"content-area-description single-story post-631192 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 17.56 | Sell 17.66<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.55 | Sell 17.65<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.55 | Sell 17.65<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 16,391 (-0.5%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.3 bn (14% ABOVE the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +9.1%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session down 0.5%. CIB, the index heaviest constituent ended down 1.4%. EGX30\u2019s top performing constituents were Elsewedy Electric up 4.8%, TMG Holding up 4.8%, and Emaar Misr up 4.2%. Yesterday\u2019s worst performing stocks Eastern Co down 6.5%, Abu Qir Fertilizers down 1.7%, and CIB down 1.4%. The market turnover was EGP 1.3 bn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -2.6 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +13.2 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -10.6 mn<\/p>\n<p><strong>Retail<\/strong>: 62.1% of total trades | 60.1% of buyers | 64.1% of sellers<br \/>\n <strong>Institutions<\/strong>: 37.9% of total trades | 39.9% of buyers | 35.9% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 18.1% of total | 18.0% of buyers | 18.2% of sellers<br \/>\n <strong>Regional:<\/strong> 18.3% of total | 18.8% of buyers | 17.8% of sellers<br \/>\n <strong>Domestic:<\/strong> 63.6% of total | 63.2% of buyers | 64.0% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 62.23 (+0.31%)<br \/>\n <strong>Brent:<\/strong> USD 65.70 (+0.32%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.74 MMBtu, (+0.15%, April 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,323.10 \/ troy ounce (-0.07%)<\/p>\n<p><strong>TASI:<\/strong> 7,696.07 (+1.77%) (YTD: +6.50%)<br \/>\n <strong>ADX:<\/strong> 4,533.52 (+0.14%) (YTD: +3.07%)<br \/>\n <strong>DFM:<\/strong> 3,187.92 (+0.97%) (YTD: -5.40%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 410.22 (-0.07%) (YTD: +2.19%)<br \/>\n <strong>QE:<\/strong> 8,252.66 (-0.67%) (YTD: -3.18%)<br \/>\n <strong>MSM:<\/strong> 4,906.01 (-0.48%) (YTD: -3.79%)<br \/>\n <strong>BB: <\/strong>1,367.89 (-0.17%) (YTD: +2.72%)<\/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=\"631193\" 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\/03\/12\/631193\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-631193\" class=\"content-area-description single-story post-631193 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>12-13 March (Monday-Tuesday): French business union MEDEF\u2019s delegation visit to Egypt.<\/p>\n<p>12-16 March (Monday-Friday): AmCham\u2019s 40th Doorknock mission, Washington D.C., USA.<\/p>\n<p>28-31 March 2018 (Thursday-Sunday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt<\/a>, Cairo International Convention Centre, Cairo.<\/p>\n<p>02-03 April (Monday-Tuesday): Pharos Holding\u2019s investor conference: In Search for Egypt Alpha, Cairo.<\/p>\n<p>08 April (Sunday): Easter Sunday, national holiday.<\/p>\n<p>09 April (Monday): Sham El Nessim, national holiday.<\/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>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>15 May (Tuesday): Expected date for the start of Ramadan (TBC).<\/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>21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/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    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