{"id":632618,"date":"2018-02-15T04:04:30","date_gmt":"2018-02-15T04:04:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=632618"},"modified":"2025-12-17T12:50:36","modified_gmt":"2025-12-17T12:50:36","slug":"its-interest-rate-day-is-a-rate-cut-in-store-at-long-last","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/its-interest-rate-day-is-a-rate-cut-in-store-at-long-last\/","title":{"rendered":"It\u2019s interest rate day \u2014 is a rate cut in store at long last?"},"content":{"rendered":"<section id=\"632620\" 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=\"632620\">\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\/02\/15\/what-were-tracking-on-15-february-2017\/\">\r\n                            What we\u2019re tracking on 15 February 2017                        <\/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\/02\/15\/what-were-tracking-on-15-february-2017\/\" 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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El Garhy told Bloomberg Egypt \u201ccould\u2019ve secured cheaper pricing since our risk position has improved since the last time we tapped the market, but the rise in yields on U.S. Treasuries has affected us.\u201d The successful issuance is \u201cthe latest sign that investors\u2019 appetite for relatively risky sovereign paper has been undimmed by the recent market turmoil,\u201d Kate Allen writes for <a href=\"https:\/\/www.ft.com\/content\/ec2446b2-1169-11e8-8cb6-b9ccc4c4dbbb\">The Financial Times<\/a>.<\/p><p><strong>The eurobond issuances may be playing a role in expanding private sector credit: <\/strong>Private sector lending in Egypt, which has traditionally been stifled and crowded out by government borrowing from local banks, looks set to pick us the government turns to the international debt market and pushes forward with reforms, according to a research <a href=\"https:\/\/research.cdn.capitaleconomics.com\/a63035\/egypt-private-sector-credit-to-support-pick-up-in-growth.pdf\">note from Capital Economics (pdf)<\/a>. Outside of select large borrowers, the private sector has always found it difficult to access credit from local banks. While private sector credit has been nominally rising at a rate of 11% y-o-y, real credit growth has been negative for much of the past 10 years. \u201cThe banking sector\u2019s claims on the government have increased more than ten-fold in nominal terms and, as a share of total assets, they have risen from 20% to more than 45%.\u201d Furthermore, banks have not had to meet liquidity restrictions on holding government debt, which have a risk rating of zero.<\/p><p><strong>Liquidity will be increasingly available to the private sector<\/strong>, says Capital Economics, as the government turns to eurobond issuances, coupled with the fiscal tightening.<\/p><p><strong>\u201cA pick-up in lending to the private sector will be further supported by a loosening of monetary policy,<\/strong>\u201d which could begin as early as this week, they added. The firms sees interest rate cuts of 550 bps this year and a further 200 bps in 2019, a pace it believes may be more aggressive than the central bank has in mind.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>And so, all eyes turn to the Monetary Policy Committee meeting today to see if the CBE will start cutting interest rates. <\/strong>Based on annual inflation figures, <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/11\/inflation-drops-to-17-1-in-january\/\">which have fallen to 17.1%<\/a> in January, analysts, including those <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/02\/Egypt-MPC-Watch_-Environment-Supports-Cut_-Not-Necessarily-Imminent-or-Significa.pdf\">from Pharos Holding<\/a>, <a href=\"http:\/\/research.arqaamcapital.com\/getreportbysecuritytoken?token=f193e509-63f6-445a-9a03-b3c53cdda701\">Arqaam<\/a> and <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/02\/HC.pdf\">HC Securities<\/a>, are suggesting that a rate cut is likely, but that it will be relatively muted as the CBE takes a cautious approach. CBE Governor Tarek Amer <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/07\/cbe-to-start-loosening-monetary-policy-soon-amer\/\">had said that the CBE will begin monetary easing \u201csoon,\u201d<\/a> once the bank is sure it has a handle on inflation.<\/p><p><strong>In global markets, US annual headline inflation for January rose to 2.1%<\/strong> for a second month running, exceeding the consensus forecast of 1.9%, <a href=\"https:\/\/www.ft.com\/content\/6800e2e6-116e-11e8-8cb6-b9ccc4c4dbbb\">the FT reports (paywall)<\/a>. Core consumer price inflation, which excludes energy and food, stayed steady at 1.8%, defying forecasts it would slip to 1.7%. The announcement is reigniting investor nervousness that the robust economy is stoking price pressures that could force the US Federal Reserve to raise interest rates more aggressively, the salmon-colored paper says.<\/p><p><strong>It is not yet clear, with inflation moving past forecasts, whether emerging markets will continue to hold the line<\/strong> in the face of turbulent global markets. History suggests that emerging market equities will remain resilient if US inflation projections are met, <a href=\"https:\/\/www.ft.com\/content\/daf17908-0b5d-11e8-8eb7-42f857ea9f09\">writes Steve Johnson for the FT.<\/a> Research by Daniel Salter, head of emerging market equity strategy at Renaissance Capital, suggests that four of the five 30%+ falls in the MSCI EM index since its inception in 1987 occurred within one month of US consumer price inflation hitting 3%.<\/p><p><strong>\u201cI regard the bitcoin craze as totally asinine\u201d: <\/strong>Warren Buffett\u2019s 94-year-old business partner is not a friend of bitcoin. Or of getting old. And he has plenty of things to say about oil, climate change, how to invest and how to live a successful life. See wall to wall coverage in the <a href=\"https:\/\/www.ft.com\/content\/c8a47b42-11d4-11e8-8cb6-b9ccc4c4dbbb\">Financial Times<\/a>, <a href=\"https:\/\/www.cnbc.com\/2018\/02\/14\/berkshires-charlie-munger-calls-bitcoin-noxious-poison.html\">CNBC<\/a>, and <a href=\"http:\/\/www.businessinsider.com\/charlie-munger-on-bitcoin-the-more-popular-it-got-the-more-i-hated-it-2018-2\">Business Insider<\/a>.<\/p><p><strong>Jacob Zuma resigned as president of South Africa yesterday, <\/strong>succumbing to pressure from the ruling African National Congress \u201cto bring an end to his nine scandal-plagues years in power,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-safrica-politics\/zuma-quits-ending-scandal-plagued-term-as-south-african-president-idUSKCN1FY0HM\">Reuters reports<\/a>. ANC chief whip Jackson could be sworn in as head of state as early as Friday, according to the newswire. The ANC had given Zuma a 48-hour window to resign or risk facing a vote of no-confidence. You can catch Zuma\u2019s <a href=\"https:\/\/www.youtube.com\/watch?v=asoFKJZZF4U\">full farewell address here<\/a> (runtime 1:09).<\/p><p><strong>The most-clicked stories in Enterprise in the past week:<\/strong><\/p><ul>\n<li>Finance Ministry announces USD 4 bn eurobond offering is 3x oversubscribed (<a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/14\/what-were-tracking-on-14-february-2018\/\">Enterprise<\/a>)<\/li>\n<li>The Economist breaks down our failed subsidies regime. (<a href=\"https:\/\/www.economist.com\/news\/middle-east-and-africa\/21736552-egyptians-are-addicted-subsidies-make-them-poorer-what-fuel-bread-and\">Economist<\/a>)<\/li>\n<li>Explainer: Rising US inflation and what it means for markets. (<a href=\"https:\/\/www.reuters.com\/article\/us-usa-inflation-explainer\/explainer-rising-u-s-inflation-and-what-it-means-for-markets-idUSKCN1FX32F\">Reuters<\/a>)<\/li>\n<li>Egypt bans SNL Arabia over \u201c[redacted] phrases and insinuations.\u201d (<a href=\"https:\/\/www.theguardian.com\/world\/2018\/feb\/12\/egypt-bans-satirical-saturday-night-live-arabia-tv-show-for-being-inappropriate\">The Guardian<\/a>)<\/li>\n<li>Finance Ministry\u2019s half-year review. (<a href=\"http:\/\/www.mof.gov.eg\/MOFGallerySource\/Arabic\/Mid-year-Review-17-18.pdf\">Finance Ministry, pdf<\/a>)<\/li>\n<li>Are banks worthless? (<a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-02-07\/are-banks-worthless\">Matt Levine\u2019s Bloomberg column<\/a>)<\/li>\n<\/ul><p><strong>Something to keep you up at night this weekend: <\/strong>We have debated for the last week whether or not to run with this for fear we will upset the algorithms that govern our deliverability to your inboxes. If you have a teen (or a pre-teen) go read <a href=\"https:\/\/www.nytimes.com\/2018\/02\/07\/magazine\/teenagers-learning-online-porn-literacy-sex-education.html\"><strong>What teenagers are learning from online [films that show intimate situations between (usually) consenting adults]<\/strong><\/a><strong>. <\/strong><\/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=\"632621\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/aboul-fotouh-arrest-receives-little-attention-with-amr-and-lamees-both-off-the-air-on-valentines-day\/\">\r\n                            Aboul Fotouh arrest receives little attention with Amr and Lamees both off the air on Valentine\u2019s Day                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The arrest last night of 2012 presidential candidate and ex-Ikhwan member Abdel Moneim Aboul Fotouh was a quiet affair on the air waves<\/strong> compared to the stir caused by the arrest of former top auditor Hesham Genena. Aboul Fotouh\u2019s predicament received little attention from the nation\u2019s talking heads, especially with Amr Adib off for the evening and Hona Al Asema\u2019s Lamees Al Hadidi making do with a pre-recorded episode.<\/p>\n<p><strong>Al Hayah Al Youm\u2019s Nahawand Serry spoke to retired general Mohamed Zaki El Alfy,<\/strong> who lambasted the Islamist, calling him \u201ca tool being used by conspirators\u201d to undermine Egypt\u2019s stability (<a href=\"https:\/\/www.youtube.com\/watch?v=jHKbAi5USwg\">watch, runtime 3:19<\/a>). The host also launched her own offensive against Aboul Fotouh for his interview with Qatari mouthpiece Aljazeera, saying his statements peddled the Ikhwani agenda (<a href=\"https:\/\/www.youtube.com\/watch?v=Au7zxJVSw5g\">watch, runtime 4:53<\/a>).<\/p>\n<p><strong>Masaa DMC\u2019s Osama Kamal spoke to Islamist expert Tharwat El Kharbawy, <\/strong>who said the arrest is completely warranted given Aboul Fotouh\u2019s connection to the Ikhwan, which remained unbroken despite him ostensibly leaving the group to run in the 2012 presidential election (<a href=\"https:\/\/www.youtube.com\/watch?v=WzdybMuZ1Uw\">watch, runtime 9:37<\/a>).<\/p>\n<p><strong>Kamal then jumped over to a discussion over the EGP 245 bn in debt that different government bodies owe the state from FY2016\/17. <\/strong>House Planning and Budgeting Committee deputy head Yasser Omar said that state-owned media alone has racked up a tab of EGP 11 bn over the course of 30 years, according to Omar. <strong>The MP suggested that it may be best to simply exempt the press from making these payments<\/strong> since \u201cthey don\u2019t have the cash,\u201d which Kamal said could set a dangerous precedent for tax and debt evasion for both institutions and individuals alike (<a href=\"https:\/\/www.youtube.com\/watch?v=tOd29uHhKSo\">watch, runtime 6:24<\/a>).<\/p>\n<p><strong>Kamal also discussed the apparent dumping of Turkish products in the Egyptian market<\/strong> with Anti-Dumping Authority head Ibrahim El Segeni, who said that a number of Turkish-made products are being sold in Egypt at lower prices than in Turkey (<a href=\"https:\/\/www.youtube.com\/watch?v=HmHb0Oy9FmY\">watch, runtime 3:52<\/a>). <strong>The garment industry is feeling the pinch from this practice<\/strong>, according to Chairman of the Federation of Egyptian Industries\u2019 readymade garments division Mohamed Abdel Salam. He claimed that there are some goods that make their way from Turkey into Egypt illegally (<a href=\"https:\/\/www.youtube.com\/watch?v=4w-lGCLS3ZQ\">watch, runtime 7:10<\/a>).<\/p>\n<p><strong>Over on Yahduth fi Masr, Sherif Amer had a chat with Cabinet spokesman Ashraf Sultan<\/strong> to recap the most important decisions taken during the ministers\u2019 weekly meeting yesterday (we have chapter and verse in Speed Round, below) (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/541479976230313\/\">watch, runtime 3:00<\/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=\"632623\" 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=\"632623\">\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\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/egypts-gdp-growth-for-2q2017-18-rose-to-around-5-3-from-3-8\/\">\r\n                            Egypt\u2019s GDP growth for 2Q2017-18 rose to around 5.3% from 3.8%                        <\/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\/02\/15\/egypts-gdp-growth-for-2q2017-18-rose-to-around-5-3-from-3-8\/\" 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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GDP for 1H2017-18 rose to 5.2%, from 3.6% in 1H2016-17, she added, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1258979\">AMAY reports<\/a>. She attributed the growth to a 1.8% rise in Egypt\u2019s exports, a 1.9% increase in investments, and a 1.6% rise in consumer spending.<\/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=\"632630\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"632631\" 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=\"632631\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/king-farouks-timepiece-goes-on-auction-at-christies\/\">\r\n                            King Farouk\u2019s timepiece goes on auction at Christie\u2019s                        <\/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\/02\/15\/king-farouks-timepiece-goes-on-auction-at-christies\/\" 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\/02\/15\/king-farouks-timepiece-goes-on-auction-at-christies\/')\">\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\/02\/15\/king-farouks-timepiece-goes-on-auction-at-christies\/\">\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=King Farouk\u2019s timepiece goes on auction at Christie\u2019s&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/king-farouks-timepiece-goes-on-auction-at-christies\/\">\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\/02\/15\/king-farouks-timepiece-goes-on-auction-at-christies\/&title=King Farouk\u2019s timepiece goes on auction at Christie\u2019s\">\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=King+Farouk%E2%80%99s+timepiece+goes+on+auction+at+Christie%E2%80%99s+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fking-farouks-timepiece-goes-on-auction-at-christies%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\/02\/15\/king-farouks-timepiece-goes-on-auction-at-christies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/91.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"632632\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/king-farouks-timepiece-goes-on-auction-at-christies\/91-jpg-34\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/91.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"91.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/91.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/91.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632631\" class=\"content-area-description single-story post-632631 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A custom-made Patek Philippe watch that once belonged to Egypt\u2019s King Farouk is going on auction at Christie\u2019s Dubai in March<\/strong>, <a href=\"https:\/\/www.forbesmiddleeast.com\/en\/egyptian-king-farouks-watch-to-be-sold-at-chirsties-auction\/\">according to Forbes Middle East<\/a>. The \u2018Reference 1518\u2019 model \u2014 made of 18K gold and engraved with Egypt\u2019s royal crown and the letter F \u2014 carries a presale price tag of USD 400-800k.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"632633\" 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=\"632633\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/egypt-in-the-news-on-15-february-2017\/\">\r\n                            Egypt in the news on 15 February 2017                        <\/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\/02\/15\/egypt-in-the-news-on-15-february-2017\/\" 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\/02\/15\/egypt-in-the-news-on-15-february-2017\/')\">\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\/02\/15\/egypt-in-the-news-on-15-february-2017\/\">\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 in the news on 15 February 2017&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/egypt-in-the-news-on-15-february-2017\/\">\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\/02\/15\/egypt-in-the-news-on-15-february-2017\/&title=Egypt in the news on 15 February 2017\">\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+in+the+news+on+15+February+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fegypt-in-the-news-on-15-february-2017%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\/02\/15\/egypt-in-the-news-on-15-february-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632633\" class=\"content-area-description single-story post-632633 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>The arrest of Hisham Genena is still the top story on Egypt<\/strong> in the international press this morning, but that\u2019s only because news desks here and abroad are literally asleep. As soon as they wake, <strong>the story of the day will be the overnight arrest by military prosecutors of Islamist former presidential candidate Abdel Moneim Aboul Fotouh <\/strong>on charges he had contact with the banned Muslim Brotherhood.<\/p>\n<p>Elsewhere today:<\/p>\n<p><strong>Will Egypt\u2019s Benban solar park begin to attract private investment into the country\u2019s promising PV market? <\/strong>It already is, but <a href=\"https:\/\/www.greentechmedia.com\/articles\/read\/egypt-public-finance-benban-solar-complex#gs.ftCseUA\">Green Tech Media<\/a> misunderstands the role of development finance institutions de-risking EM development projects like this by providing financing, seeing it as a sign that the private sector isn\u2019t interested in the opportunity because of the tousle over repricing after the first feed-in tariff program. Phase two of the FiT sees the complex being developed just about entirely by the private sector.<\/p>\n<p>In related news,<strong> Germany\u2019s ib vogt GmbH has begun construction work on power projects with a combined capacity of 166.5 MW in Benban<\/strong>, <a href=\"https:\/\/www.pv-tech.org\/news\/ib-vogt-breaks-ground-on-166.5mw-solar-project-in-benban-egypt\">according to PV-Tech<\/a>. \u201cFollowing the successful construction and energization of our 64 MW [Phase 1] project in Egypt, we are pleased to announce the commencement of the build-out of our next three plants in this series and are proud that these are the first of the Round 2 projects,\u201d says ib vogt Managing Director Anton Milner.<\/p>\n<p><strong>Desalination projects in Egypt are required to solve current problems apart from future ones to be caused by the Grand Ethiopian Renaissance Dam<\/strong>, <a href=\"https:\/\/english.alarabiya.net\/en\/features\/2018\/02\/14\/Desalination-water-treatment-and-making-up-for-lost-Nile-water.html\">Sonia Farid writes for Al Arabiya English<\/a>. While the projects are not the direct result of the issues caused by the dam, the problems regarding its construction expedited the pace of desalination projects. \u201cThe construction of the dam alerted us all to the necessity of looking for alternatives to Nile water which we now depend on almost exclusively,\u201d professor of water chemistry Hossam Ahmed Shawki told Farid.<\/p>\n<p><strong>Amnesty International is alleging that the Armed Forces have been using illegal cluster bomb munitions in its campaign against terrorists in North Sinai<\/strong>. <a href=\"https:\/\/www.amnesty.org\/en\/latest\/news\/2018\/02\/egypt-cluster-bomb-video-highlights-human-rights-concerns-in-north-sinai\/\">In a statement on Wednesday<\/a>, the organization claims its experts have analyzed weapons in video footage released by the Armed Forces, which they say shows Air Force personnel loading Egyptian fighter planes with cluster munitions.<\/p>\n<p>More foreign coverage from Operation Sinai 2018 came in yesterday, <a href=\"http:\/\/aa.com.tr\/en\/middle-east\/egypt-says-foreigners-arrested-amid-sinai-operation\/1062894\"><strong>with Anadolu noting<\/strong><\/a><strong> the arrest of foreign militants in Sinai during the operation<\/strong>.<\/p>\n<p>Also worth a quick skim this morning:<\/p>\n<ul>\n<li><strong>The Coptic Orthodox Church is dedicating a new church to the 21 Egyptian martyrs<\/strong> killed in Libya by Daesh three years ago, <a href=\"https:\/\/www.catholicnewsagency.com\/news\/coptic-orthodox-to-dedicate-church-to-new-martyrs-of-libya-78447\">CNA reports<\/a>.<\/li>\n<li><strong>It is vital that technology companies recognize the role they play in fostering free expression and act accordingly<\/strong>,<a href=\"https:\/\/www.eff.org\/deeplinks\/2018\/02\/insert-better-title-here\">Jillian C York writes for EFF<\/a>, noting rights activist and blogger Wael Abbas\u2019 experience of being blocked on social media platforms.<\/li>\n<li><strong>An unidentified Egyptian citizen was repatriated from Italy for security reasons<\/strong>, the Italian Interior Ministry <a href=\"http:\/\/www.interno.gov.it\/it\/sala-stampa\/comunicati-stampa\/espulso-44enne-cittadino-egiziano\">said in a statement<\/a>. The 44-year-old was previously expelled from France for holding radical sermons.<\/li>\n<li><strong>HRW wants FIFA to condemn rights abuses in Chechnya if Egypt\u2019s national football team will use capital Grozny<\/strong> as its World Cup base camp, <a href=\"https:\/\/www.nytimes.com\/reuters\/2018\/02\/14\/world\/europe\/14reuters-russia-worldcup-grozny.html?mtrref=www.nytimes.com\">Reuters reports<\/a>. <\/li>\n<li><strong>Mohamed Salah\u2019s solid form continues to dazzle the foreign press, <\/strong>with the latest ink coming from <a href=\"http:\/\/lebuzz.eurosport.co.uk\/viral\/salah-playing-fifa-street-liverpool-fans-rave-king-egypt-35232\/\">Eurosport\u2019s Le Buzz<\/a>. <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"632636\" 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=\"632636\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/criticizing-an-institution-is-not-the-same-as-trying-to-destroy-the-country\/\">\r\n                            Criticizing an institution is not the same as trying to destroy the country                        <\/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\/02\/15\/criticizing-an-institution-is-not-the-same-as-trying-to-destroy-the-country\/\" 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\/02\/15\/criticizing-an-institution-is-not-the-same-as-trying-to-destroy-the-country\/')\">\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\/02\/15\/criticizing-an-institution-is-not-the-same-as-trying-to-destroy-the-country\/\">\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=Criticizing an institution is not the same as trying to destroy the country&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/criticizing-an-institution-is-not-the-same-as-trying-to-destroy-the-country\/\">\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\/02\/15\/criticizing-an-institution-is-not-the-same-as-trying-to-destroy-the-country\/&title=Criticizing an institution is not the same as trying to destroy the country\">\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=Criticizing+an+institution+is+not+the+same+as+trying+to+destroy+the+country+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fcriticizing-an-institution-is-not-the-same-as-trying-to-destroy-the-country%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\/02\/15\/criticizing-an-institution-is-not-the-same-as-trying-to-destroy-the-country\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632636\" class=\"content-area-description single-story post-632636 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Criticizing an institution is not the same as trying to destroy the country, <\/strong>so it\u2019s hardly necessary to silence every source of criticism, Karima Kamal writes for <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1259152\">Al Masry Al Youm<\/a>. Kamal calls out House Speaker Ali Abdel Aal for claiming that any admonishment of the House of Representatives is part of a foreign-funded conspiracy, and urges him to realize that there is a clear difference between the institution he heads and the state. She also gently encourages the government to stop trying to silence dissenters, saying that this path is not reflective of stability.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-deadline\/\">On Deadline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"632637\" 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=\"632637\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/plane-engine-comes-apart-mid-flight\/\">\r\n                            Plane engine comes apart mid-flight                        <\/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\/02\/15\/plane-engine-comes-apart-mid-flight\/\" 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\/02\/15\/plane-engine-comes-apart-mid-flight\/')\">\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\/02\/15\/plane-engine-comes-apart-mid-flight\/\">\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=Plane engine comes apart mid-flight&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/plane-engine-comes-apart-mid-flight\/\">\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\/02\/15\/plane-engine-comes-apart-mid-flight\/&title=Plane engine comes apart mid-flight\">\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=Plane+engine+comes+apart+mid-flight+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fplane-engine-comes-apart-mid-flight%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\/02\/15\/plane-engine-comes-apart-mid-flight\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/2375.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"632638\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/plane-engine-comes-apart-mid-flight\/2375-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/2375.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2375.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/2375.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/2375.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632637\" class=\"content-area-description single-story post-632637 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A United Airlines plane engine started to come apart mid-flight on the way to Hawaii from San Francisco, <\/strong><a href=\"http:\/\/uk.businessinsider.com\/ua1175-engine-united-flight-falls-apart-mid-flight-2018-2\">Business Insider reports<\/a>. The plane landed safely, but not before a passenger managed to catch the terrifying footage of the engine after its aerodynamic shroud came off (<a href=\"https:\/\/twitter.com\/erikhaddad\/status\/963545018890821632?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fsputniknews.com%2Fviral%2F201802141061641082-video-boeing-engine-collapses-midflight%2F\">watch, runtime 0:10<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"632639\" 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=\"632639\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/eu-provides-its-eur-38-mn-contribution-to-fayoum-wastewater-project\/\">\r\n                            EU provides its EUR 38 mn contribution to Fayoum wastewater project                        <\/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\/02\/15\/eu-provides-its-eur-38-mn-contribution-to-fayoum-wastewater-project\/\" 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\/02\/15\/eu-provides-its-eur-38-mn-contribution-to-fayoum-wastewater-project\/')\">\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\/02\/15\/eu-provides-its-eur-38-mn-contribution-to-fayoum-wastewater-project\/\">\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=EU provides its EUR 38 mn contribution to Fayoum wastewater project&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/eu-provides-its-eur-38-mn-contribution-to-fayoum-wastewater-project\/\">\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\/02\/15\/eu-provides-its-eur-38-mn-contribution-to-fayoum-wastewater-project\/&title=EU provides its EUR 38 mn contribution to Fayoum wastewater project\">\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=EU+provides+its+EUR+38+mn+contribution+to+Fayoum+wastewater+project+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Feu-provides-its-eur-38-mn-contribution-to-fayoum-wastewater-project%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\/02\/15\/eu-provides-its-eur-38-mn-contribution-to-fayoum-wastewater-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632639\" class=\"content-area-description single-story post-632639 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>EU provides its EUR 38 mn contribution to Fayoum wastewater project:<\/strong> The EU has provided the European Bank for Reconstruction and Development (EBRD) with its EUR 38 mn portion of the EUR 448 mn package to help upgrade sewage and wastewater systems in Fayoum, according to an <a href=\"https:\/\/ent.news\/2018\/2\/2033.pdf\">emailed EBRD statement (pdf)<\/a>. The project will connect one mn Egyptians to sanitation services through \u201dthe construction of eight new wastewater treatment plants, the expansion of nine units and the rehabilitation of 10 plants as well as the installation of over 3,400 kms of pipes and 139 pumping stations. In addition, 350 sewage removal trucks will be procured to serve remote rural communities.\u201d The EBRD <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/29\/ebrd-lends-eur-186-mn-for-fayoum-wastewater-treatment-project\/\">had signed a contract<\/a> with the Egyptian government in May for its EUR 186 mn portion of the loan, and the European Investment Bank is <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/06\/egypt-to-sign-loan-agreement-with-eib-eu-for-fayoum-wastewater-treatment-project\/\">expected to do the same<\/a> for its EUR 172 contribution by month\u2019s end.<\/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=\"632646\" 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=\"632646\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/el-molla-signs-two-agreements-with-schlumberger\/\">\r\n                            El Molla signs two agreements with Schlumberger                        <\/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\/02\/15\/el-molla-signs-two-agreements-with-schlumberger\/\" 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\/02\/15\/el-molla-signs-two-agreements-with-schlumberger\/')\">\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\/02\/15\/el-molla-signs-two-agreements-with-schlumberger\/\">\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=El Molla signs two agreements with Schlumberger&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/el-molla-signs-two-agreements-with-schlumberger\/\">\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\/02\/15\/el-molla-signs-two-agreements-with-schlumberger\/&title=El Molla signs two agreements with Schlumberger\">\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=El+Molla+signs+two+agreements+with+Schlumberger+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fel-molla-signs-two-agreements-with-schlumberger%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\/02\/15\/el-molla-signs-two-agreements-with-schlumberger\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632646\" class=\"content-area-description single-story post-632646 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\/.2ea76b50-bfd9-47c4-b069-3321984a35a0.mp3\"><\/audio><\/figure>\n<p>Oil Minister Tarek El Molla signed two agreements with oilfield services company Schlumberger to conduct a <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/\">seismic survey<\/a> in the Gulf of Suez and establish a data center on areas open for exploration in Egypt, the ministry <a href=\"https:\/\/ent.news\/2018\/2\/1414.pdf\">announced in a statement (pdf)<\/a> yesterday. The ministry did not disclose the value of the agreements, which were signed on the sidelines of the EGYPS Petroleum Show 2018 as part of efforts to attract more investment in the energy sector.<\/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=\"632649\" 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=\"632649\">\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\/02\/15\/hassan-allam-acquires-600-feddan-land-plot-on-north-coast\/\">\r\n                            Hassan Allam acquires 600-feddan land plot on 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\/02\/15\/hassan-allam-acquires-600-feddan-land-plot-on-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\/02\/15\/hassan-allam-acquires-600-feddan-land-plot-on-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\/02\/15\/hassan-allam-acquires-600-feddan-land-plot-on-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=Hassan Allam acquires 600-feddan land plot on North Coast&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/hassan-allam-acquires-600-feddan-land-plot-on-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\/02\/15\/hassan-allam-acquires-600-feddan-land-plot-on-north-coast\/&title=Hassan Allam acquires 600-feddan land plot on 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=Hassan+Allam+acquires+600-feddan+land+plot+on+North+Coast+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fhassan-allam-acquires-600-feddan-land-plot-on-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\/02\/15\/hassan-allam-acquires-600-feddan-land-plot-on-north-coast\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632649\" class=\"content-area-description single-story post-632649 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\/.3b33579a-4262-4480-8fdc-47c3a345bd64.mp3\"><\/audio><\/figure>\n<p>Hassan Allam Properties announced securing a 600-feddan land plot on the North Coast, the company announced in an emailed statement. The planned development for the plot will include residential units a clubhouse, a five-star boutique hotel, a commercial hub, an Aqua Park, sports club, as well as beachfront cabanas. \u201cWe are expanding significantly, whilst maintaining the values of a boutique development,\u201d Hassan Allam Properties CEO Mohamed Allam says.<\/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=\"632650\" 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=\"632650\">\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\/02\/15\/hilton-opens-heliopolis-property-schedules-waldorf-astoria-for-later-this-year\/\">\r\n                            Hilton opens Heliopolis property, schedules Waldorf Astoria for later this year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/hilton-opens-heliopolis-property-schedules-waldorf-astoria-for-later-this-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/hilton-opens-heliopolis-property-schedules-waldorf-astoria-for-later-this-year\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/hilton-opens-heliopolis-property-schedules-waldorf-astoria-for-later-this-year\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Hilton opens Heliopolis property, schedules Waldorf Astoria for later this year&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/hilton-opens-heliopolis-property-schedules-waldorf-astoria-for-later-this-year\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/hilton-opens-heliopolis-property-schedules-waldorf-astoria-for-later-this-year\/&title=Hilton opens Heliopolis property, schedules Waldorf Astoria for later this year\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Hilton+opens+Heliopolis+property%2C+schedules+Waldorf+Astoria+for+later+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fhilton-opens-heliopolis-property-schedules-waldorf-astoria-for-later-this-year%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/hilton-opens-heliopolis-property-schedules-waldorf-astoria-for-later-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632650\" class=\"content-area-description single-story post-632650 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\/.a889f34a-641d-41e5-9674-8fda6cae0a6d.mp3\"><\/audio><\/figure>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> The new 593-room Hilton Cairo Heliopolis began welcoming guests yesterday as part of Hilton Worldwide\u2019s plan to expand in Egypt with <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/18\/hilton-to-add-1000-hotel-rooms-in-egypt-in-2018-ghali\/\">1,000 hotel rooms<\/a> in 2018, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=14022018&id=5e52d964-a258-4edf-ade9-0bbcf7948b31\">Al Shorouk reports<\/a>. The company has also confirmed plans to re-open the currently-standing 247-room Towers Luxury Hotel as Africa\u2019s first Waldorf Astoria later this year. Hilton has signed two management agreements with Gulf-Egypt for Hotels & Tourism to operate both hotels under two different brands. Hilton Worldwide said its revenue per available room (RevPAR) in the Middle East and Africa has grown thanks to \u201ccontinued strength in Egypt,\u201d <a href=\"https:\/\/www.reuters.com\/article\/brief-hilton-says-in-asia-pacific-revpar\/brief-hilton-says-in-asia-pacific-revpar-rose-7-6-pct-in-qtr-led-by-china-where-revpar-grew-9-pct-helped-by-ramping-hotels-idUSFWN1Q41CO\">according to Reuters<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"632653\" 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=\"632653\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/global-telecom-subsidiary-gets-get-new-frequencies-in-bangladesh-to-expand-into-lte\/\">\r\n                            Global Telecom subsidiary gets get new frequencies in Bangladesh, to expand into LTE                        <\/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\/02\/15\/global-telecom-subsidiary-gets-get-new-frequencies-in-bangladesh-to-expand-into-lte\/\" 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\/02\/15\/global-telecom-subsidiary-gets-get-new-frequencies-in-bangladesh-to-expand-into-lte\/')\">\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\/02\/15\/global-telecom-subsidiary-gets-get-new-frequencies-in-bangladesh-to-expand-into-lte\/\">\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=Global Telecom subsidiary gets get new frequencies in Bangladesh, to expand into LTE&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/global-telecom-subsidiary-gets-get-new-frequencies-in-bangladesh-to-expand-into-lte\/\">\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\/02\/15\/global-telecom-subsidiary-gets-get-new-frequencies-in-bangladesh-to-expand-into-lte\/&title=Global Telecom subsidiary gets get new frequencies in Bangladesh, to expand into LTE\">\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=Global+Telecom+subsidiary+gets+get+new+frequencies+in+Bangladesh%2C+to+expand+into+LTE+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fglobal-telecom-subsidiary-gets-get-new-frequencies-in-bangladesh-to-expand-into-lte%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\/02\/15\/global-telecom-subsidiary-gets-get-new-frequencies-in-bangladesh-to-expand-into-lte\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632653\" class=\"content-area-description single-story post-632653 post type-post status-publish format-standard hentry category-telecoms-ict tag-enterpriseam tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.4b699dcb-41a3-4fa9-9467-9dac9f7c471b.mp3\"><\/audio><\/figure>\n<p>Global Telecom and VEON Ltd. announced that their wholly-owned subsidiary in Bangladesh, Banglalink, has received new frequencies that are expected to double its 3G network capacity, the companies said in <a href=\"http:\/\/www.gtelecom.com\/documents\/10157\/208502\/Bangladesh+spectrum-LTE-13-FEB-18+%28E%29.pdf\">a joint statement on Tuesday (pdf)<\/a>. Banglalink will pay a total of USD 308.6 mn for the spectrum and USD 35 mn to convert its existing spectrum holding into technology neutral spectrum. Banglalink will also acquire a 4G\/LTE license in parallel in order to launch a high-speed data network, and is expected to pay USD 1.2 mn for it.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"632655\" 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=\"632655\">\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\/02\/15\/lebanese-fintech-firm-areeba-to-establish-an-egypt-office-in-2018\/\">\r\n                            Lebanese fintech firm Areeba to establish an Egypt office in 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\/02\/15\/lebanese-fintech-firm-areeba-to-establish-an-egypt-office-in-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/lebanese-fintech-firm-areeba-to-establish-an-egypt-office-in-2018\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/lebanese-fintech-firm-areeba-to-establish-an-egypt-office-in-2018\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Lebanese fintech firm Areeba to establish an Egypt office in 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/lebanese-fintech-firm-areeba-to-establish-an-egypt-office-in-2018\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/lebanese-fintech-firm-areeba-to-establish-an-egypt-office-in-2018\/&title=Lebanese fintech firm Areeba to establish an Egypt office in 2018\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Lebanese+fintech+firm+Areeba+to+establish+an+Egypt+office+in+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Flebanese-fintech-firm-areeba-to-establish-an-egypt-office-in-2018%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/lebanese-fintech-firm-areeba-to-establish-an-egypt-office-in-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632655\" class=\"content-area-description single-story post-632655 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\/.52329f21-6907-41c9-b6c1-7c93d06d505c.mp3\"><\/audio><\/figure>\n<p>Lebanese fintech company Areeba is planning on establishing an office in Egypt in 2018, Marketing and Strategic Relationships head Said Fakhr <a href=\"http:\/\/www.almalnews.com\/Story\/365105\/12\/%D8%A3%D8%B1%D8%A7%D8%A8%D9%8A%D8%A7-%D8%A7%D9%84%D9%84%D8%A8%D9%86%D8%A7%D9%86%D9%8A%D8%A9-%D9%84%D9%84%D8%AA%D9%83%D9%86%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%86%D8%AE%D8%B7%D8%B7-%D9%84%D9%81%D8%AA%D8%AD-%D9%81%D8%B1%D8%B9-%D8%A8%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D8%AD%D8%A7%D9%84%D9%8A\">tells Al Mal<\/a>. Areeba is planning on building strong connections with a network of banks operating in Egypt such as Bank Audi.<\/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=\"632656\" 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=\"632656\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/nec-setting-up-committee-to-monitor-press-coverage-of-march-election\/\">\r\n                            NEC setting up committee to monitor press coverage of March election                        <\/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\/02\/15\/nec-setting-up-committee-to-monitor-press-coverage-of-march-election\/\" 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\/02\/15\/nec-setting-up-committee-to-monitor-press-coverage-of-march-election\/')\">\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\/02\/15\/nec-setting-up-committee-to-monitor-press-coverage-of-march-election\/\">\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=NEC setting up committee to monitor press coverage of March election&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/nec-setting-up-committee-to-monitor-press-coverage-of-march-election\/\">\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\/02\/15\/nec-setting-up-committee-to-monitor-press-coverage-of-march-election\/&title=NEC setting up committee to monitor press coverage of March election\">\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=NEC+setting+up+committee+to+monitor+press+coverage+of+March+election+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fnec-setting-up-committee-to-monitor-press-coverage-of-march-election%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\/02\/15\/nec-setting-up-committee-to-monitor-press-coverage-of-march-election\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632656\" class=\"content-area-description single-story post-632656 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\/.083e5c55-9070-4ba0-96fc-22af1b9c8e08.mp3\"><\/audio><\/figure>\n<p>The National Elections Commission (NEC) is setting up a committee to monitor news coverage of the March presidential elections and \u201ctake note of violations to the reporting criteria\u201d set by the NEC, Supreme Media Council deputy Mohamed El Amry <a href=\"http:\/\/www.youm7.com\/story\/2018\/2\/14\/%D8%A7%D9%84%D8%A3%D8%B9%D9%84%D9%89-%D9%84%D9%84%D8%A7%D8%B9%D9%84%D8%A7%D9%85-%D9%8A%D8%B4%D9%83%D9%84-%D9%84%D8%AC%D9%86%D8%A9-%D9%84%D8%B1%D8%B5%D8%AF-%D9%85%D8%AE%D8%A7%D9%84%D9%81%D8%A7%D8%AA-%D8%A7%D9%84%D8%A5%D8%B9%D9%84%D8%A7%D9%85-%D8%A8%D8%B4%D8%A3%D9%86-%D8%AA%D8%BA%D8%B7%D9%8A%D8%A9-%D8%A7%D9%86%D8%AA%D8%AE%D8%A7%D8%A8%D8%A7%D8%AA\/3650090\">tells Youm7<\/a>. The council is also running training workshops on election coverage for journalists, he says.<\/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=\"632658\" 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=\"632658\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/mona-iraqi-faces-station-investigation-over-rape-episode\/\">\r\n                            Mona Iraqi faces station investigation over \u201crape\u201d episode                        <\/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\/02\/15\/mona-iraqi-faces-station-investigation-over-rape-episode\/\" 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\/02\/15\/mona-iraqi-faces-station-investigation-over-rape-episode\/')\">\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\/02\/15\/mona-iraqi-faces-station-investigation-over-rape-episode\/\">\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=Mona Iraqi faces station investigation over \u201crape\u201d episode&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/mona-iraqi-faces-station-investigation-over-rape-episode\/\">\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\/02\/15\/mona-iraqi-faces-station-investigation-over-rape-episode\/&title=Mona Iraqi faces station investigation over \u201crape\u201d episode\">\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=Mona+Iraqi+faces+station+investigation+over+%E2%80%9Crape%E2%80%9D+episode+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2Fmona-iraqi-faces-station-investigation-over-rape-episode%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\/02\/15\/mona-iraqi-faces-station-investigation-over-rape-episode\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632658\" class=\"content-area-description single-story post-632658 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>The Press Syndicate is demanding that controversial Al Mehwar presenter Mona Iraqi be investigated for alleged \u201cmoral violations\u201d during an episode about rape<\/strong>, Syndicate Chief Hamdy El Konayyesi has said, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=14022018&id=1fd24379-c8b1-4bc4-b9b9-870f1ed8d819\">according to Al Shorouk<\/a>. Konayyesi also commended Al Mehwar channel for suspending Iraqi\u2019s talk show \u201cIntibah\u201d after the episode aired. We\u2019re no more down with the idea of banning talk show hosts than we are with the concept of blocking access to websites, but <strong>don\u2019t conflate El Iraqi\u2019s woes with a wider crackdown on dissent: The presenter is widely loathed in media circles for her stunt journalism<\/strong>, including her \u201cgay bath house\u201d segment, which saw 26 men prosecuted on trumped-up debauchery charges. El Iraqi was later <a href=\"http:\/\/www.pinknews.co.uk\/2015\/11\/30\/journalist-behind-gay-bath-house-raid-sentenced-to-six-months-in-jail\/\">sentenced to six months in jail for defamation<\/a> as a result of the segment.<\/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=\"632661\" 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=\"632661\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/632661\/\">\r\n                                                    <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/632661\/\" 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\/02\/15\/632661\/')\">\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\/02\/15\/632661\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=&url=https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/632661\/\">\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\/02\/15\/632661\/&title=\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F02%2F15%2F632661%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\/02\/15\/632661\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632661\" class=\"content-area-description single-story post-632661 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 17.6476 | Sell 17.7476<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.64 | Sell 17.74<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.60 | Sell 17.70<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 14,806 (+0.5%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.0 bn (11% BELOW the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -1.4%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session up 0.5%. CIB, the index heaviest constituent closed up 0.6%. EGX30\u2019s top performing constituents were EFG Hermes up 3.2%; Porto Group up 3.1%; and Global Telecom up 2.5%. Yesterday\u2019s worst performing stocks were Egyptian Iron and Steel down 3.4%; Telecom Egypt down 2.2%; and GB Auto down 1.5%. The market turnover was EGP 1.0 bn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -7.3 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +36.6 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -29.3 mn<\/p>\n<p><strong>Retail<\/strong>: 56.2% of total trades | 52.8% of buyers | 59.5% of sellers<br \/>\n <strong>Institutions<\/strong>: 43.8% of total trades | 47.2% of buyers | 40.5% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 24.3% of total | 23.9% of buyers | 24.7% of sellers<br \/>\n <strong>Regional:<\/strong> 11.3% of total | 13.1% of buyers | 9.5% of sellers<br \/>\n <strong>Domestic:<\/strong> 64.4% of total | 62.9% of buyers | 65.8% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 60.80 (+2.72%)<br \/>\n <strong>Brent:<\/strong> USD 64.46 (+2.72%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.6 MMBtu, (+0.27%, March 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,357.3 \/ troy ounce (+2.02%)<\/p>\n<p><strong>TASI:<\/strong> 7,419.71 (+0.1%) (YTD: +2.68%)<br \/>\n <strong>ADX:<\/strong> 4,588.86 (-0.25%) (YTD: +4.33%)<br \/>\n <strong>DFM:<\/strong> 3,336.12 (-0.16%) (YTD: -1.01%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 409.65 (+0.12%) (YTD: +2.05%)<br \/>\n <strong>QE:<\/strong> 9,060.67 (+0.81%) (YTD: +6.3%)<br \/>\n <strong>MSM:<\/strong> 5,005.87 (+0.04%) (YTD: -1.83%)<br \/>\n <strong>BB: <\/strong>1,342.89 (-0.78%) (YTD: +0.8%)<\/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=\"632662\" 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\/02\/15\/632662\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-632662\" class=\"content-area-description single-story post-632662 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>14-15 February (Wednesday-Thursday): <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/02\/20180212-Media-Release-Mining-Workshops.pdf\">The Australian Embassy in Cairo\u2019s<\/a> two-day capacity building workshop on best practices for sustainable mining governance, Cairo.<\/p>\n<p>16 February (Friday): The Egypt Network for Integrated Development\u2019s (ENID\/El Nidaa) <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/02\/2-Conference-Agena-English.pdf\">\u201cYouth Entrepreneurship as a Catalyst for Growth and Employment\u201d conference<\/a>, Jolie Ville Kings Island Hotel, Luxor.<\/p>\n<p>19 February (Monday): <a href=\"https:\/\/www.eventbrite.com\/e\/insurtech-can-technology-give-us-better-healthcare-experience-tickets-43090299245?aff=utm_source%3Deb_email%26utm_medium%3Demail%26utm_campaign%3Dnew_event_email&utm_term=eventurl_text\">Pride Capital will organize a talk on Insurtech<\/a>, Greek Campus, Tahrir Square, Cairo<\/p>\n<p>19-20 February 2018 (Monday-Tuesday): <a href=\"https:\/\/bankingtechnorthafrica.iqpc.ae\/\">The Banking Tech North Africa<\/a>, The Nile Ritz-Carlton, Cairo<\/p>\n<p>17-21 February 2018 (Saturday-Wednesday): <a href=\"http:\/\/www.bwe21.com\/Events\">Women For Success - Women SME's \"World of Possibilities\"<\/a> Conference, Cairo\/Luxor.<\/p>\n<p>20 February (Tuesday): <a href=\"http:\/\/www.capitalmarketsummit.com\/en\/#schedule\">The Third Annual Capital Markets Summit<\/a>, InterContinental Cairo Semiramis, Cairo.<\/p>\n<p>05 March (Monday): Egypt\u2019s <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">PMI reading for February<\/a> released.<\/p>\n<p>05-07 March (Monday-Wednesday): <a href=\"https:\/\/oneonone2018.efghermes.com\/pages\/home.aspx\">EFG Hermes\u2019 One on One Conference 2018<\/a>, Atlantis, The Palm, Dubai, UAE.<\/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>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    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":632619,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-632618","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"91208081-7456-4cb4-8df0-23e848207ff1","teaser":"","photo_url":"https:\/\/ent.news\/2018\/2\/2386.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>It\u2019s interest rate day \u2014 is a rate cut in store at long last? 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