{"id":634903,"date":"2018-01-29T04:11:36","date_gmt":"2018-01-29T04:11:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=634903"},"modified":"2025-12-17T14:05:10","modified_gmt":"2025-12-17T14:05:10","slug":"big-news-day-no-5-levy-on-bank-profits-bankruptcy-act-passes-the-house","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/big-news-day-no-5-levy-on-bank-profits-bankruptcy-act-passes-the-house\/","title":{"rendered":"Big news day: No 5% levy on bank profits + bankruptcy act passes the House"},"content":{"rendered":"<section id=\"634905\" 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=\"634905\">\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\/01\/29\/what-were-tracking-on-29-january-2018\/\">\r\n                            What we\u2019re tracking on 29 January 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\/01\/29\/what-were-tracking-on-29-january-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We have an extensive rundown in at the head of today\u2019s Speed Round that you\u2019ll want to make certain to read, particularly if you\u2019re C-suite, a banker, a PM, or a risk analyst.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Also big news today: The Central Bank of Egypt (CBE) has confirmed it has no plans to levy a 5% charge on banks\u2019 annual profits <\/strong>to contribute to an industry development fund, according to a research note by EFG Hermes that puts to rest a suggestion that had left investor eyebrows raised. \u201cIn a meeting held on 15 January with institutional investors, the Governor of the Central Bank of Egypt, Mr <strong>Tarek Amer, confirmed that the CBE is not planning to introduce a levy on banks\u2019 annual profits<\/strong>,\u201d according to a note by Elena Sanchez-Cabezudo.<\/p><p><strong>The background: <\/strong>A leaked draft of the Central Bank and Banking Act had suggested last July that the CBE was looking at tithing bank profits to the tune of 5% as a mandatory contribution to an industry development fund. The move was poorly welcomed by investors, who also looked askance at the central bank\u2019s plan to impose term limits on bank managing directors. You can see past coverage <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/24\/al-mal-leaks-amendments-to-banking-acts\/\">here<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/02\/banks-to-discuss-remaining-objections-on-cbe-and-banking-acts-in-mid-august-meeting\/\">here<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/10\/what-were-tracking-on-10-august-2017\/\">here<\/a>.<\/p><p><strong>The law is still in the pipeline<\/strong>, EFG Hermes notes, writing: \u201cThe CBE is working on a comprehensive new Banking Sector Law, which, amongst other things, plans to enhance corporate governance at the banks and increase supervision of the sector.\u201d<\/p><p><strong>*** PSA FOR ENTERPRISE READERS: <\/strong>The anchor points in TL;DR that have allowed readers on Android phones to tap a story name and zip down in the email edition of Enterprise to read it have stopped working. We\u2019ve dig deep, and it appears to be due to a change in how a recent update of Google\u2019s Android OS treats anchor points. You can always use the anchor points in our web edition (which is updated at the same time as the email edition is sent each morning, Sunday-Thursday). And we\u2019re looking for alternatives in the meantime. H\/t Ahmed K. for bringing this to our attention.<\/p><p>Also in banking: <strong>Interbank messaging system Swift is still cajoling more than 1,000 of its members to show they are setting up necessary cyber defenses a year after a USD 100 mn cyber heist<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-01-25\/a-100-million-heist-spooked-banks-yet-many-dawdle-on-defenses\">Bloomberg\u2019s Yalman Onaran reports<\/a>. CIB took voluntary steps, focusing first on self-assessment and is now implementing both the mandatory and suggested controls, Chief Security Officer Shattsy Hassan tells Onaran. COO Mohamed Sultan says some banks in the region have been slow to comply because they don\u2019t consider Swift a crucial component of their business, but that <strong>CIB \u201cmight refuse to do transactions with banks that don\u2019t meet the standards<\/strong>.\u201d Sultan explains that CIB is not \u201cas worried about them getting hacked, but if it opens me up to being hacked, then I won\u2019t do business with that counterparty.\u201d<\/p><p><strong>The leaders of Egypt, Ethiopia, and Sudan are meeting today to discuss the Grand Ethiopian Renaissance Dam<\/strong>, <a href=\"https:\/\/af.reuters.com\/article\/africaTech\/idAFL8N1PN0GY\">Reuters reports<\/a>. \u201cThe aim is to agree on the resumption of the consultations,\u201d said a diplomat attending an African Union summit in the Ethiopian capital Addis Ababa. President Abdel Fattah El Sisi had met yesterday with his Sudanese counterpart Omar Al Bashir The two agreed to set up a joint ministerial committee mandated with resolving \u201coutstanding issues\u201d between Cairo and Khartoum, according to <a href=\"http:\/\/www.sudantribune.com\/spip.php?article64593\">the Sudan Tribune<\/a>.<\/p><p><strong>Today is the last day for candidates to file papers to run in this year\u2019s presidential election.<\/strong> So far, President Abdel Fattah El Sisi remains the only candidate to have submitted his nomination papers to the National Elections Commission, but MP Mostafa Bakry <a href=\"https:\/\/twitter.com\/BakryMP\/status\/957642617910714368?ref_src=twsrc%5Etfw&amp;ref_url=http%3A%2F%2Fwww.shorouknews.com%2Fnews%2Fview.aspx%3Fcdate%3D28012018%26id%3Dc123c8cc-9281-4f0c-b865-9cf379dabe14\">claimed in a tweet<\/a> yesterday that <strong>a \u201csurprise\u201d candidate from an unidentified political party will enter the race<\/strong>. The cutoff to file papers is 14:00.<\/p><p><strong>El Sisi to unveil policy platform for campaign today: <\/strong>President Abdel Fattah El Sisi\u2019s campaign spokesperson Mohamed Abu Shoka will take the lid off the president\u2019s policy platform at a press conference today, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1251474\">Al Masry Al Youm reports<\/a>.<\/p><p>Further afield today:<\/p><p><strong>FOOD FOR THOUGHT: Stocks around the world are off to one of their best-ever starts to a year<\/strong>, making some investors all the more wary and \u201cintensifying analysts\u2019 concerns about the rising price of buying into a bull market almost nine years old. The rallies have also drawn comparisons to the 2000 Nasdaq peak, when a mania for technology stocks drove the index to a level that it wouldn\u2019t recapture for more than a dozen years.\u201d (<a href=\"https:\/\/www.wsj.com\/articles\/global-stocks-roar-into-2018-making-some-investors-even-more-nervous-1517183420\">Wall Street Journal<\/a>)<\/p><p><strong>M&amp;A boom? <\/strong>\u201cGlobal dealmaking has made its strongest start since the turn of the century, reflecting boardroom confidence from US tax reform, a strengthening international economy and surging equity markets. \u2026 A total of USD 273 bn in mergers and acquisitions so far this year marks the busiest January since the peak of the dotcom boom in 2000. (<a href=\"https:\/\/www.ft.com\/content\/3f0ac37e-040e-11e8-9650-9c0ad2d7c5b5\">Financial Times<\/a>)<\/p><p><strong>Industry players including Fidelity, TD Ameritrade are trying to box-in Vanguard<\/strong>, the low-cost mutual fund manager. (<a href=\"https:\/\/www.wsj.com\/articles\/wall-street-to-vanguard-were-not-your-doormat-anymore-1517157915\">Wall Street Journal<\/a>)<\/p><p><strong>Corruption crackdown dents optimism on KSA: <\/strong>\u201cInsiders warned that the future for [Alwaleed bin Talal\u2019s Kingdom Holding], alongside the businesses of other magnates released over the weekend from the Ritz-Carlton hotel in the Saudi capital, remains far from clear.\u201d (<a href=\"https:\/\/www.ft.com\/content\/480768ae-044c-11e8-9650-9c0ad2d7c5b5\">Financial Times<\/a>)<\/p><p><strong>The Financial Times has released its 2018 Global MBA ranking, and Stanford is back at the top<\/strong>, dethroning Insead, which slips to number two. Wharton, London Business School, and Harvard round out the top five. Start your reading <a href=\"https:\/\/www.ft.com\/content\/33b22448-f7d1-11e7-a4c9-bbdefa4f210b\">here with the overview to the package<\/a>.<\/p><p><strong>Finally: The Grammys were underway at dispatch time<\/strong>, with artists wearing white roses in solidarity with victims of [redacted] harassment. Rapper Kendrick Lamar scored big wins in the Best Rap Album and two Best Rap Performance so far. Foo Fighters\u2019 Run won best Rock Song, while Leonard Cohen\u2019s You Want it Darker won best Rock Performance. <a href=\"https:\/\/www.theguardian.com\/music\/live\/2018\/jan\/28\/grammy-awards-2018-live-winners-speeches-performances\">You can check out the Guardians Live Blog of the Grammy\u2019s for updates<\/a> or check out the <a href=\"https:\/\/www.theguardian.com\/music\/2018\/jan\/28\/grammy-awards-2018-the-full-list-of-winners\">full list of winners here<\/a>.<\/p><p>_StoryHed_! Ikea founder passes away at 91<\/p><p><strong>IKEA founder Ingvar Kamprad passed away in his home in Sweden on Saturday, <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-01-28\/ingvar-kamprad-ikea-s-swedish-billionaire-founder-has-died\">according to Bloomberg<\/a>. The eccentric 91-year-old former fascist was worth USD 58.7 bn, making him the eighth richest man on the planet, but was known for his frugality. While Kamprad stopped serving actively in the company in the 80s he maintained a senior advisory role and influenced crucial decisions. <a href=\"https:\/\/www.nytimes.com\/2018\/01\/28\/obituaries\/ingvar-kamprad-dies.html\">The New York Times<\/a> also has a strong obit.<\/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=\"634907\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" 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272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"634908\" 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=\"634908\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We\u2019re Tracking This Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/what-were-tracking-this-week-78\/\">\r\n                            What we\u2019re tracking this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/what-were-tracking-this-week-78\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n          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           WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/what-were-tracking-this-week-78\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634908\" class=\"content-area-description single-story post-634908 post type-post status-publish format-standard hentry category-what-were-tracking-this-week tag-enterpriseam tag-what-were-tracking-this-week wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>CI Capital will hold its <\/strong><a href=\"http:\/\/cicapitalconferences.com\/\"><strong>MENA Investor Conference<\/strong><\/a><strong> tomorrow<\/strong> at the Four Seasons Nile Plaza.<\/p>\n<p><strong>The Egypt Investment Forum<\/strong>, which is being heavily promoted by the Investment Ministry, will kick off on Saturday at the Semiramis Intercontinental Hotel.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"634909\" class=\"issue-section \">\n<div 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              <a href=\"https:\/\/api.whatsapp.com\/send?text=On+the+horizon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fon-the-horizon-103%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\/01\/29\/on-the-horizon-103\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634909\" class=\"content-area-description single-story post-634909 post type-post status-publish format-standard hentry category-on-the-horizon tag-enterpriseam tag-on-the-horizon wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A delegation of 22 British companies led by UK trade envoy Jeffrey Donaldson is visiting Egypt on 10 February <\/strong>to form a tripartite trade agreement between the UK, Egypt and China to target exporting to African markets.<\/p>\n<p><strong>Egypt\u2019s Emirates NBI PMI reading for January<\/strong> will be announced on Monday, 5 February.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-horizon\/\">ON THE HORIZON<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"634910\" 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=\"634910\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/presidential-elections-continue-to-top-talking-heads-agendas\/\">\r\n                            Presidential elections continue to top talking heads\u2019 agendas                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" 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<\/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\/01\/29\/presidential-elections-continue-to-top-talking-heads-agendas\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634910\" class=\"content-area-description single-story post-634910 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> With the deadline for presidential candidates to officially enter the race just hours away, <strong>the walking dead continued to be largely preoccupied with the election process<\/strong>, with only a couple of business-relevant topics breaking the monotony.<\/p>\n<p><strong>For that, we turn to Hona Al Asema\u2019s Lamees Al Hadidi, who spoke on the passing of the Bankruptcy Act <\/strong>with Federation of Egyptian Chambers of Commerce Secretary-General Alaa Ezz (we have a full wrap-up of legislative developments in Speed Round, below). Ezz said that the act is probably more important than the Investment Act because it provides a safety net for investors if their companies flop, which will help to spur investment. He noted that the legislation was necessary due to Egypt\u2019s lackluster performance in global indices measuring the ease with which an investor can exit the market.<\/p>\n<p>Separately, <strong>Ezz told Lamees that more than 500 investors will be flocking to Egypt<\/strong> at the end of the week for the Egypt Investment Forum (<a href=\"https:\/\/www.youtube.com\/watch?v=dWPuyirkBFQ\">watch, runtime 1:30<\/a>).<\/p>\n<p><strong>Lamees spent the remainder of her evening fixated on the possibility of a last-minute entry to the presidential race<\/strong>. Al Ghad Party deputy head Mahmoud Moussa said that the party is still deliberating whether or not to field party head Moussa Mahmoud Moussa as its candidate, but reassured Lamees that Moussa has all the necessary paperwork including the medical check-up ready for submission (<a href=\"https:\/\/www.youtube.com\/watch?v=wTtEY-xYurE\">watch, runtime 2:09<\/a>).<\/p>\n<p><strong>Democratic Peace Party head Ahmed El Fadaly, meanwhile, said his party is pushing him into the race<\/strong> and is in the process of preparing the documents for submission, but has yet to reach a final decision. The party managed to scrape together endorsements from the 51 independent MPs in hopes of ensuring the elections are not a one-man show (<a href=\"https:\/\/www.youtube.com\/watch?v=fhKgREJzKb4\">watch, runtime 6:30<\/a>).<\/p>\n<p>Spurred by Lamees\u2019 rare criticism of the government the night before for silencing the opposition, <strong>parliament spokesperson Salah Hasaballah phoned in specifically to reaffirm that all citizens are welcome to run for the top job<\/strong> provided they meet constitutional and legal requirements. Hasaballah also denied that MPs were directed to sign endorsements for President Abdel Fattah El Sisi (<a href=\"https:\/\/www.youtube.com\/watch?v=kY7Y4bKk-QE\">watch, runtime 3:43<\/a>).<\/p>\n<p><strong>Kol Youm\u2019s Amr Adib lambasted the statement from political figures calling for a boycott of the presidential poll<\/strong>, claiming that doing so would be tantamount to destroying the country. Never one to be moderate with his rhetoric, he likened the consequences of a boycott to the chaos that ensued after the 2011 uprising (<a href=\"https:\/\/www.youtube.com\/watch?v=rhoFh24buCQ&t=391s\">watch, runtime 8:55<\/a>).<\/p>\n<p><strong>The Dostour Party is forming a political bloc along with seven other parties that will be dubbed \u201cthe democratic current,\u201d<\/strong> party head Khaled Dawood told Adib. The bloc will hold a presser tomorrow to announce its position on the elections, which Dawood said will be worse than those under former president Hosni Mubarak\u2019s rule if they are not pluralistic (<a href=\"https:\/\/www.youtube.com\/watch?v=xY0gFFsBUKg\">watch, runtime 7:27<\/a>).<\/p>\n<p><strong>Conservative Party head Akmal Kortam also phoned in to deny that he will be contesting the elections<\/strong>, dashing Adib\u2019s hopes that he had found a last-minute candidate to run against El Sisi (<a href=\"https:\/\/www.youtube.com\/watch?v=Jh99hCv0wlo\">watch, runtime 5:16<\/a>).<\/p>\n<p>Over on Al Hayah Al Youm, <strong>Tamer Amin sat down with Banque Misr Chairman Mohamed El Etreby to talk about lending for SMEs and yout-led companies<\/strong>, which we\u2019re very sick and tired of hearing referred to as \u201cprojects\u201d in either language. El Etreby recounted the main perks of the CBE\u2019s SMEs lending initiative, including lower interest rates geared towards supporting local projects (<a href=\"https:\/\/www.youtube.com\/watch?v=FaQlx_WU7w4&t=12s\">watch, runtime 29:00<\/a>).<\/p>\n<p><strong>Amin also spoke to Ittihadiya spokesman Bassam Rady about President Abdel Fattah El Sisi\u2019s meeting with Sudan\u2019s Omar Al Bashir<\/strong> on Saturday, which he described as \u201cbrotherly\u201d and \u201cfruitful.\u201d Rady stressed that Cairo and Khartoum continue to enjoy strong ties despite their differences <a href=\"https:\/\/www.youtube.com\/watch?v=v1fReDQ3dK4\">(watch, runtime 4:30<\/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=\"634911\" 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=\"634911\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-of-representatives-passes-bankruptcy-act\/\">\r\n                            House of Representatives passes Bankruptcy Act                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-of-representatives-passes-bankruptcy-act\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-of-representatives-passes-bankruptcy-act\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-of-representatives-passes-bankruptcy-act\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=House of Representatives passes Bankruptcy Act&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-of-representatives-passes-bankruptcy-act\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-of-representatives-passes-bankruptcy-act\/&title=House of Representatives passes Bankruptcy Act\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=House+of+Representatives+passes+Bankruptcy+Act+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fhouse-of-representatives-passes-bankruptcy-act%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-of-representatives-passes-bankruptcy-act\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634911\" class=\"content-area-description single-story post-634911 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>LEGISLATION WATCH- The House of Representatives voted yesterday to approve the long-awaited Bankruptcy Act<\/strong> in a plenary session, <a href=\"http:\/\/www.youm7.com\/story\/2018\/1\/28\/%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A8%D8%B9%D8%AF-%D9%85%D9%88%D8%A7%D9%81%D9%82%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%A5%D9%81%D9%84%D8%A7%D8%B3-%D8%B9%D8%A7%D8%AF%D9%84-%D9%88%D9%8A%D8%AD%D9%85%D9%89\/3621457\">Youm7 reports<\/a>. The Act effectively decriminalizes bankruptcy by abolishing prison sentences and allows companies more time and options for restructuring by introducing mechanisms to help settle commercial disputes outside the courtroom and simplify bankruptcy proceedings. The law also mandates the <strong>formation of special bankruptcy courts within the Economic Courts system<\/strong>, which would mediate and arbitrate cases. Under the law, a restructuring plan must be completed within 60 days of filing for a standstill, and bankruptcy court judges will have the right to extend that period at their discretion. The bankruptcy law also reduces the liquidation period for companies to nine months, instead of the current average of more than two years.<\/p>\n<p><a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/01\/%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%AA%D9%86%D8%B8%D9%8A%D9%85-%D8%A7%D8%B9%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D9%87%D9%8A%D9%83%D9%84%D8%A9-%D9%88%D8%A7%D9%84%D8%B5%D9%84%D8%AD-%D8%A7%D9%84%D9%88%D8%A7%D9%82%D9%89-%D9%88%D8%A7%D9%84%D8%A5%D9%81%D9%84%D8%A7%D8%B3-2-1.pdf\"><strong>You can catch a copy of the act here (pdf)<\/strong><\/a><strong>. <\/strong><\/p>\n<p><strong>Passage of the act is a victory for the Ismail cabinet and its economic reform agenda that has been a long time coming.<\/strong> Speaking on the vote, Investment Minister Sahar Nasr said, \u201cThe Investment Act would help investors enter Egypt, while the Bankruptcy Act will help investors exit it,\u201d she added.<\/p>\n<p><strong>The law has so far been well received outside the nation\u2019s borders.<\/strong> The new bankruptcy law should be a welcome development for banks, writes Samuel Wendell <a href=\"https:\/\/www.forbesmiddleeast.com\/en\/egypts-new-bankruptcy-law-a-boost-for-banks\/\">for Forbes Middle East<\/a>. Wendel goes on to note how the act ends a dysfunctional system that hurt both the lender and creditors. \u201cCreditors in Egypt recover an average of USD 0.26 for every USD 1 lent, compared with USD 0.712 in countries that are members of the Organisation for Economic Co-operation and Development (OECD). Bankruptcy proceedings can take an average of 2.5 years, although anecdotal evidence points to longer actual time periods. By comparison, the bankruptcy duration is 1.7 years on average in OECD countries,\u201d he writes. Most other outlets, <a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL8N1PN0KE\">including Reuters<\/a>, are <strong>taking particular note of the banishing of prison sentences.<\/strong> As we noted yesterday, the act has been labelled as \u201ccredit positive for Egypt\u2019s banks\u201d <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/28\/what-were-tracking-on-28-january-2018\/\">by ratings agency Moody\u2019s<\/a>.<\/p>\n<p>In other key economic legislation news, <strong>the House Economics Committee signed off on the new Consumer Protection Act<\/strong>, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1808070.aspx\">Ahram Gate reports<\/a>. The law would force retailers to print prices on products as well as imposing harsher fines and criminal penalties on violators.<\/p>\n<p><strong>This has freed the committee to get the ball rolling on that other key economic legislation: The Capital Markets Act.<\/strong> The committee issued a call to industry representatives and financial regulators to attend hearings on the amendments to the act tomorrow, <a href=\"http:\/\/almalnews.com\/Story\/362599\/19\/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%A8%D8%AF%D8%A3-%D9%85%D9%86%D8%A7%D9%82%D8%B4%D8%A9-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84%D8%A7%D8%AA-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84-%D8%A8%D8%AD%D8%B6%D9%88%D8%B1-%D9%82%D9%8A%D8%A7%D8%AF%D8%A7%D8%AA%D9%87\">according to Al Mal<\/a>. The securities division of the Federation of Egyptian Chambers of Commerce will recommend that the law be further amended to include protections for managing directors for any violations committed by employees, said the division\u2019s head Awni Abdel Aziz. <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/19\/house-debating-amendments-to-capital-markets-act\/\">As it stands<\/a>, <strong>the amended act is expected to pave the way for a basket of new financial instruments to be introduced<\/strong>, including futures trading and a commodities exchange, in addition to introducing penalties for financial crimes and new rules governing taxes for the sector.<\/p>\n<p><strong>The House\u2019s economic agenda before the summer recess appears stacked. <\/strong>Upcoming legislation still being discussed by varying committees includes amendments to the <a href=\"https:\/\/enterprise.press\/issues\/2017\/09\/18\/woman-run-hedge-funds-generate-2x-returns-male-run-competitors\/\"><strong>Unified Building Code<\/strong><\/a>, which aim to facilitate licensing, tightening safety codes, and enforcement. The committee will also look at amendments to the <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/03\/government-to-issue-amendments-to-laws-to-regulate-public-spending\/\"><strong>Auctions and Tenders Act<\/strong><\/a>, which would decentralize tender procedures and streamline the selection process for winning bids as well as setting new quotas for domestic components and SME contractors.<\/p>\n<p><strong>No new taxes, right? <\/strong>Deputy chair of the Planning and Budget Committee Yasser Omar surprised us with the announcement that the parliament is expecting <strong>new tax legislation<\/strong> from the government, but offered no further details, <a href=\"http:\/\/almalnews.com\/Story\/362570\/19\/%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D8%A7%D9%84%D8%A3%D8%AC%D9%80%D9%80%D9%86%D8%AF%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D9%80%D9%80%D9%80%D9%80%D8%A7%D9%86%D9%8A%D8%A9-%D9%84%D9%84%D8%A5%D8%B5%D9%84%D8%A7%D8%AD-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%89\">Al Mal reports<\/a>. Don\u2019t expect new taxes, though: Finance Minister Amr El Garhy and his team have made policy and tax rate stability hallmarks of their term in office and haven\u2019t telegraphed imminent changes in rates.<\/p>\n<p><strong>Other laws passed in the House yesterday include:<\/strong><\/p>\n<ul>\n<li>Passing amendments to the <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/08\/trade-ministry-to-grant-temporary-licenses-for-importers-who-dont-yet-comply-with-import-registry-act\/\">Importers Registry Act<\/a> to extend the compliance period to the end of June of this year, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1807853.aspx\">Ahram Gate reports<\/a>.<\/li>\n<li>Extending the charter of the Arab Petroleum Pipelines Company (SUMED) for another 27 years, <a href=\"http:\/\/almalnews.com\/Story\/362595\/19\/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%8A-%D9%85%D8%AF-%D8%B9%D9%85%D9%84-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B3%D9%88%D9%85%D9%8A%D8%AF---%D9%88%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D8%B9%D8%AA%D8%B1%D8%B6%D9%88%D9%86\">according to Al Mal<\/a>.<\/li>\n<li>Passing amendments to the Civil Aviation Act that impose harsher penalties for pointing laser beams at aircraft, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1808058.aspx\">Ahram Gate reports<\/a>. <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"634923\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"634924\" 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=\"634924\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/metro-ticket-artist\/\">\r\n                            Metro ticket artist                        <\/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\/01\/29\/metro-ticket-artist\/\" 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\/01\/29\/metro-ticket-artist\/')\">\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\/01\/29\/metro-ticket-artist\/\">\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=Metro ticket artist&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/metro-ticket-artist\/\">\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\/01\/29\/metro-ticket-artist\/&title=Metro ticket artist\">\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=Metro+ticket+artist+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fmetro-ticket-artist%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\/01\/29\/metro-ticket-artist\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/586.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"634925\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/metro-ticket-artist\/586-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/586.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"586.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/586.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/586.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634924\" class=\"content-area-description single-story post-634924 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>Ahmed Essam took to sketching the faces he sees on the metro on to his tickets to pass the time on his commute and the results are pretty cool<\/strong>, <a href=\"https:\/\/www.egypttoday.com\/Article\/4\/41074\/The-faces-of-the-Metro-one-passenger%E2%80%99s-way-to-beat\">Egypt Today reports<\/a>. Essam started out sketching faces in his notepad, and a new hobby was born when he forgot it one day. Although a business graduate, Essam does refine his skills studying with friends at the Faculty of Fine Arts. His portraits show the faces and expressions of the daily commute in Egypt\u2019s underground and he hopes to combine his efforts into a mosaic to hang in one of the metro stations one day.<\/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=\"634926\" 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=\"634926\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/planned-presidential-elections-getting-negative-coverage-from-the-international-press\/\">\r\n                            Planned presidential elections getting negative coverage from the international press                        <\/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\/01\/29\/planned-presidential-elections-getting-negative-coverage-from-the-international-press\/\" 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\/01\/29\/planned-presidential-elections-getting-negative-coverage-from-the-international-press\/')\">\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\/01\/29\/planned-presidential-elections-getting-negative-coverage-from-the-international-press\/\">\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=Planned presidential elections getting negative coverage from the international press&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/planned-presidential-elections-getting-negative-coverage-from-the-international-press\/\">\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\/01\/29\/planned-presidential-elections-getting-negative-coverage-from-the-international-press\/&title=Planned presidential elections getting negative coverage from the international press\">\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=Planned+presidential+elections+getting+negative+coverage+from+the+international+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fplanned-presidential-elections-getting-negative-coverage-from-the-international-press%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\/01\/29\/planned-presidential-elections-getting-negative-coverage-from-the-international-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634926\" class=\"content-area-description single-story post-634926 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 upcoming presidential elections are \u201cincreasingly taking on the character of the one-candidate referendums held for decades\u201d <\/strong>in Egypt, Bureau Chief Hamza Hendawi writes for <a href=\"https:\/\/apnews.com\/5d4ce0d1b991447a8b9fde363827cec9\/AP-Analysis:-Egypt-election-appears-to-follow-an-old-formula\">The Associated Press<\/a>. \u201cThe overwhelmingly pro-[President Abdel Fattah El Sisi] media depict him as the only figure able to solve Egypt\u2019s problems, and the president himself often says the need to rebuild the country outweighs concerns over democracy and rights. A significant sector of the population likely agrees with the argument \u2014 though how much is unknown, since authorities prevent most polling and have outlawed all unauthorized protests,\u201d Hendawi writes.<\/p>\n<p><strong>Chatham House\u2019s MENA Deputy Head Jane Kinninmont also <\/strong><a href=\"https:\/\/www.chathamhouse.org\/expert\/comment\/egypt-sisi-faces-down-some-surprising-challengers?utm_source=Chatham%20House&utm_medium=email&utm_campaign=9106345_CH%20Newsletter%20-%2026.01.2018&utm_content=Egypt-Title&dm_i=1S3M,5F6I1,NUSKWH,KZHG3,1\"><strong>gave her two cents<\/strong><\/a><strong> on the upcoming poll<\/strong>, adding that attention now will turn to whether El Sisi \u201cwill seek to overturn the term limits, or groom a pliable successor\u2026 Regionally, Sisi is likely to be focused on the issues closest to Egypt\u2019s own security: the situation in neighbouring Libya and in Gaza, where Egypt has been an important broker between Fatah and Hamas.\u201d<\/p>\n<p>\u2026Elsewhere, Sawsan Gad says the military is controlling which \u201cpersonnel can exercise their constitutional right to political participation,\u201d in the <a href=\"http:\/\/carnegieendowment.org\/sada\/75353?mkt_tok=eyJpIjoiT1RJeE9EbGhNMk00WWpkbSIsInQiOiJ6VzZFSTJoMHducndlS2tWSmUwWjZEZFFsTDJJVTRhakZGdHV6MFwvd3NUT3JLWTN4UjJuSnBMVVwvekFJUjNSdWFyazRWN0xPNzhsbkkrYW5NcHh6NUZsOUNhZUxaYkp3ZU9UQWNEQ2RYUE45N1RLY0ppRUh1dFA5Y2dyZVpmNjJ5In0%3D\">Carnegie Endowment for National Peace<\/a>.<\/p>\n<p><strong>Egypt has an advantage over Israel and Cyprus in exporting natural gas to Europe because its export plan may be more commercially viable<\/strong>, and not because of reduced political risk, industry insider Charles Ellinas <a href=\"http:\/\/cyprus-mail.com\/2018\/01\/28\/price-not-politics-stymying-east-med-gas\/\">writes for Cyprus Mail<\/a>. Israel\u2019s hopes of exporting gas from its Leviathan field are unlikely to materialize, since \u201cadding the cost of pipelines, liquefaction, and transport to Europe would always take the price above the European price range \u2026 Similar problems apply to Cyprus and export of Aphrodite gas. The primary challenge is still commercial viability. That\u2019s why so far Noble [Energy\u2019s] efforts to secure gas sales have not succeeded, including through the Egyptian route despite the political good-will.\u201d Egypt, on the other hand, is well on its way to self-sufficiency and would be able to export its surplus gas through existing infrastructure.<\/p>\n<p>Also worth a quick skim today:<\/p>\n<ul>\n<li><strong>President Abdel Fattah El Sisi has pardoned British citizen Laura Plummer<\/strong>, who was jailed for smuggling meds into Egypt, <a href=\"https:\/\/www.thenational.ae\/world\/mena\/sisi-pardons-uk-woman-jailed-in-egypt-for-drug-charges-1.699550\">The National reports<\/a>. <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"634927\" 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=\"634927\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-religious-affairs-committee-must-respect-the-division-of-church-and-state\/\">\r\n                            House Religious Affairs Committee must respect the division of church and state                        <\/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\/01\/29\/house-religious-affairs-committee-must-respect-the-division-of-church-and-state\/\" 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\/01\/29\/house-religious-affairs-committee-must-respect-the-division-of-church-and-state\/')\">\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\/01\/29\/house-religious-affairs-committee-must-respect-the-division-of-church-and-state\/\">\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=House Religious Affairs Committee must respect the division of church and state&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-religious-affairs-committee-must-respect-the-division-of-church-and-state\/\">\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\/01\/29\/house-religious-affairs-committee-must-respect-the-division-of-church-and-state\/&title=House Religious Affairs Committee must respect the division of church and state\">\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=House+Religious+Affairs+Committee+must+respect+the+division+of+church+and+state+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fhouse-religious-affairs-committee-must-respect-the-division-of-church-and-state%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\/01\/29\/house-religious-affairs-committee-must-respect-the-division-of-church-and-state\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634927\" class=\"content-area-description single-story post-634927 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The House Religious Affairs Committee must respect the division of church and state<\/strong>, <strong>and stop trying to outlaw specific practices<\/strong> and beliefs that it thinks contradict mainstream Islam, Hamdy Rizk writes for <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1251038\">Al Masry Al Youm<\/a>. Rizk bluntly points out committee head Omar Hamroush for proposing to outlaw atheism. He points out that the House\u2019s efforts would be better spent understanding the reasons behind the increased prevalence of atheism to nip it in the bud, rather than persecuting them and not changing their beliefs.<\/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=\"634928\" 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=\"634928\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/dog-friendly-cafe-in-alexandria-a-hit\/\">\r\n                            Dog-friendly cafe in Alexandria a hit                        <\/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\/01\/29\/dog-friendly-cafe-in-alexandria-a-hit\/\" 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\/01\/29\/dog-friendly-cafe-in-alexandria-a-hit\/')\">\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\/01\/29\/dog-friendly-cafe-in-alexandria-a-hit\/\">\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=Dog-friendly cafe in Alexandria a hit&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/dog-friendly-cafe-in-alexandria-a-hit\/\">\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\/01\/29\/dog-friendly-cafe-in-alexandria-a-hit\/&title=Dog-friendly cafe in Alexandria a hit\">\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=Dog-friendly+cafe+in+Alexandria+a+hit+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fdog-friendly-cafe-in-alexandria-a-hit%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\/01\/29\/dog-friendly-cafe-in-alexandria-a-hit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/101.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"634929\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/dog-friendly-cafe-in-alexandria-a-hit\/101-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/101.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"101.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/101.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/101.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634928\" class=\"content-area-description single-story post-634928 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 dog-friendly cafe has opened in Alexandria at which pet owners can hang out with their best friends<\/strong>, <a href=\"http:\/\/www.bbc.com\/news\/av\/world-middle-east-42837381\/egypt-s-first-dog-cafe-proves-a-hit\">according to BBC<\/a>. The cafe provides food for the canines as well as some basic veterinary and grooming services and has so far proved a hit with Alexandrians. (<a href=\"http:\/\/www.bbc.com\/news\/av\/world-middle-east-42837381\/egypt-s-first-dog-cafe-proves-a-hit\">watch, runtime 1:13<\/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=\"634930\" 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=\"634930\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egypt-elected-to-preside-over-au-summit-in-2019\/\">\r\n                            Egypt elected to preside over AU summit in 2019                        <\/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\/01\/29\/egypt-elected-to-preside-over-au-summit-in-2019\/\" 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\/01\/29\/egypt-elected-to-preside-over-au-summit-in-2019\/')\">\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\/01\/29\/egypt-elected-to-preside-over-au-summit-in-2019\/\">\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 elected to preside over AU summit in 2019&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egypt-elected-to-preside-over-au-summit-in-2019\/\">\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\/01\/29\/egypt-elected-to-preside-over-au-summit-in-2019\/&title=Egypt elected to preside over AU summit in 2019\">\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+elected+to+preside+over+AU+summit+in+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fegypt-elected-to-preside-over-au-summit-in-2019%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\/01\/29\/egypt-elected-to-preside-over-au-summit-in-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634930\" class=\"content-area-description single-story post-634930 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>Egypt elected to chair African Union in 2019:<\/strong> President Abdel Fattah El Sisi participated yesterday in a closed session of African Union (AU) heads of state at the 30th summit in Addis Ababa, during which Egypt was elected to chair the AU in 2019 for one year, according to an <a href=\"https:\/\/ent.news\/2018\/1\/243.pdf\">Ittihadiya statement (pdf)<\/a>. The session <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/01\/El-Sisi-AU-Summit-closed-session.pdf\">also included a discussion<\/a> of planned reforms to the institution, including implementing a checks-and-balances system for decisions passed through the AU.<\/p>\n<p><strong>US President Donald Trump threatened to cut off funding to the Palestinians unless they agree to resume peace talks with Israel<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-01-25\/trump-says-he-ll-cut-off-palestinian-funds-without-peace-talks\">Bloomberg reports<\/a>. Speaking ahead of a meeting with Israeli Prime Minister Benjamin Netanyahu on the sidelines of the World Economic Forum in Davos, Trump said Palestinians had disrespected the US by not agreeing to meet with Vice President Mike Pence during his trip to the region last week.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"634931\" 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=\"634931\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/yokogawa-mea-to-replace-gas-pipeline-management-system-of-the-national-grid\/\">\r\n                            Yokogawa MEA to replace gas pipeline management system of the national grid                        <\/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        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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/yokogawa-mea-to-replace-gas-pipeline-management-system-of-the-national-grid\/\">\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=Yokogawa MEA to replace gas pipeline management system of the national grid&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/yokogawa-mea-to-replace-gas-pipeline-management-system-of-the-national-grid\/\">\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\/01\/29\/yokogawa-mea-to-replace-gas-pipeline-management-system-of-the-national-grid\/&title=Yokogawa MEA to replace gas pipeline management system of the national grid\">\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=Yokogawa+MEA+to+replace+gas+pipeline+management+system+of+the+national+grid+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fyokogawa-mea-to-replace-gas-pipeline-management-system-of-the-national-grid%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\/01\/29\/yokogawa-mea-to-replace-gas-pipeline-management-system-of-the-national-grid\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634931\" class=\"content-area-description single-story post-634931 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\/.1d31d2df-7049-4ed2-9a02-7ad9f37129a4.mp3\"><\/audio><\/figure>\n<p>Yokogawa Electric Corporation announced this morning that its subsidiary, Yokogawa Middle East & Africa, received an order from the state-owned Egyptian Natural Gas Company (GASCO) \u2014 operator of the country\u2019s national gas grid \u2014 to supply a gas pipeline management and control system, <a href=\"https:\/\/www.businesswire.com\/news\/home\/20180128005007\/en\/\">according to a company press release<\/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\/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=\"634932\" 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=\"634932\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/food-export-council-aiming-to-increase-exports-by-10-this-year\/\">\r\n                            Food export council aiming to increase exports by 10% 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\/01\/29\/food-export-council-aiming-to-increase-exports-by-10-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\/01\/29\/food-export-council-aiming-to-increase-exports-by-10-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\/01\/29\/food-export-council-aiming-to-increase-exports-by-10-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=Food export council aiming to increase exports by 10% this year&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/food-export-council-aiming-to-increase-exports-by-10-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\/01\/29\/food-export-council-aiming-to-increase-exports-by-10-this-year\/&title=Food export council aiming to increase exports by 10% 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=Food+export+council+aiming+to+increase+exports+by+10%25+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Ffood-export-council-aiming-to-increase-exports-by-10-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\/01\/29\/food-export-council-aiming-to-increase-exports-by-10-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634932\" class=\"content-area-description single-story post-634932 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.ee6cc21b-2319-421f-9677-bab9ad5be50f.mp3\"><\/audio><\/figure>\n<p>The Food Export Council (FEC) is looking to increase exports by 10% in 2018, up from 3% last year, council chairman Hani Berzi <a href=\"https:\/\/alborsanews.com\/2018\/01\/28\/1080936\">tells Al Borsa<\/a>. He expects these targets to increase as Egyptian food manufacturers continue to build up production capacities.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"634934\" 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=\"634934\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/el-araby-breaks-ground-on-usd-500-mn-oven-factory-with-bertazzoni\/\">\r\n                            El Araby breaks ground on USD 500 mn oven factory with Bertazzoni                        <\/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\/01\/29\/el-araby-breaks-ground-on-usd-500-mn-oven-factory-with-bertazzoni\/\" 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\/01\/29\/el-araby-breaks-ground-on-usd-500-mn-oven-factory-with-bertazzoni\/')\">\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\/01\/29\/el-araby-breaks-ground-on-usd-500-mn-oven-factory-with-bertazzoni\/\">\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 Araby breaks ground on USD 500 mn oven factory with Bertazzoni&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/el-araby-breaks-ground-on-usd-500-mn-oven-factory-with-bertazzoni\/\">\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\/01\/29\/el-araby-breaks-ground-on-usd-500-mn-oven-factory-with-bertazzoni\/&title=El Araby breaks ground on USD 500 mn oven factory with Bertazzoni\">\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+Araby+breaks+ground+on+USD+500+mn+oven+factory+with+Bertazzoni+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fel-araby-breaks-ground-on-usd-500-mn-oven-factory-with-bertazzoni%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\/01\/29\/el-araby-breaks-ground-on-usd-500-mn-oven-factory-with-bertazzoni\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634934\" class=\"content-area-description single-story post-634934 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.bc5acda2-ab37-4fc3-9156-a5b8adf7f45c.mp3\"><\/audio><\/figure>\n<p>El Araby Group has broken ground on a EGP 500 mn stove factory in partnership with Italy\u2019s Bertazzoni, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1251707\">according to AMAY<\/a>. The 27k sqm factory is in Qalyubia has the capacity to produce 500k units per year. Bertazzoni had announced that it was investing EUR 55 mn in the factory back in <a href=\"https:\/\/enterprise.press\/stories\/2016\/05\/26\/italys-bertazzoni-invests-eur-55-mn-into-new-stove-factory\/\">the summer of 2016<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"634935\" 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=\"634935\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/fei-warns-health-ministry-against-arbitrary-closure-of-private-hospitals\/\">\r\n                            FEI warns Health Ministry against arbitrary closure of private hospitals                        <\/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\/01\/29\/fei-warns-health-ministry-against-arbitrary-closure-of-private-hospitals\/\" 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\/01\/29\/fei-warns-health-ministry-against-arbitrary-closure-of-private-hospitals\/')\">\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\/01\/29\/fei-warns-health-ministry-against-arbitrary-closure-of-private-hospitals\/\">\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=FEI warns Health Ministry against arbitrary closure of private hospitals&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/fei-warns-health-ministry-against-arbitrary-closure-of-private-hospitals\/\">\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\/01\/29\/fei-warns-health-ministry-against-arbitrary-closure-of-private-hospitals\/&title=FEI warns Health Ministry against arbitrary closure of private hospitals\">\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=FEI+warns+Health+Ministry+against+arbitrary+closure+of+private+hospitals+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Ffei-warns-health-ministry-against-arbitrary-closure-of-private-hospitals%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\/01\/29\/fei-warns-health-ministry-against-arbitrary-closure-of-private-hospitals\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634935\" class=\"content-area-description single-story post-634935 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.8ad8df0d-805d-4880-bd40-2146fb1d767e.mp3\"><\/audio><\/figure>\n<p>The Federation of Industries\u2019 healthcare division issued yesterday a warning to the Health Ministry against the arbitrary closure of private hospitals, <a href=\"https:\/\/alborsanews.com\/2018\/01\/28\/1081106\">Al Borsa reports<\/a>. Unjustified closures negatively affect private sector hospitals\u2019 reputation and investment in the sector, the division said in a statement. It adds that the ministry is legally required to grant hospitals a 30-day grace period to address any violations before being shut down, and could face legal action for failing to comply with these requirements. The ministry <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/21\/health-ministry-shuts-down-and-reopens-as-salam-international-hospital\/\">had shut down and re-opened<\/a> As-Salam International Hospital earlier this month following a complaint by an emergency patient\u2019s family.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"634936\" 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=\"634936\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/naccud-to-issue-tender-for-phase-1-residential-development-in-march\/\">\r\n                            NACCUD to issue tender for Phase 1 residential development in March                        <\/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\/01\/29\/naccud-to-issue-tender-for-phase-1-residential-development-in-march\/\" 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\/01\/29\/naccud-to-issue-tender-for-phase-1-residential-development-in-march\/')\">\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\/01\/29\/naccud-to-issue-tender-for-phase-1-residential-development-in-march\/\">\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=NACCUD to issue tender for Phase 1 residential development in March&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/naccud-to-issue-tender-for-phase-1-residential-development-in-march\/\">\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\/01\/29\/naccud-to-issue-tender-for-phase-1-residential-development-in-march\/&title=NACCUD to issue tender for Phase 1 residential development in March\">\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=NACCUD+to+issue+tender+for+Phase+1+residential+development+in+March+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fnaccud-to-issue-tender-for-phase-1-residential-development-in-march%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\/01\/29\/naccud-to-issue-tender-for-phase-1-residential-development-in-march\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634936\" class=\"content-area-description single-story post-634936 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\/.d6909121-9dbb-4f6c-966c-9313e46e8211.mp3\"><\/audio><\/figure>\n<p>The New Administrative Capital Company for Urban Development (NACCUD) will issue a tender for Phase 1 development of residential blocks in the new capital in March, company chairman Ahmed Zaki Abdeen <a href=\"https:\/\/alborsanews.com\/2018\/01\/28\/1081111\">tells Al Borsa<\/a>. The New Urban Communities Authority will decide then, which of the 25,000 homes in the first phase will be included in the tender, according to Abdeen. On a related note, the Saudi Egyptian Construction Company (Secon) is planning on starting work on its EGP 3 bn project in the new administrative capital in 2Q2018,<a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=28012018&id=69fa4baa-e2f3-4e8e-bd1d-f81704ba0da3\">CEO Darwish Hassanein tells Al Shorouk<\/a>. He added that the company is waiting for government clearance before starting work on the 70 feddan residential project. 60% of the homes in the project are villas with delivery expected in about three years.<\/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=\"634937\" 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=\"634937\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/local-tourism-operators-want-protection-from-the-eca-from-foreign-companies\/\">\r\n                            Local tourism operators want protection from the ECA from foreign companies                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/local-tourism-operators-want-protection-from-the-eca-from-foreign-companies\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/local-tourism-operators-want-protection-from-the-eca-from-foreign-companies\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/local-tourism-operators-want-protection-from-the-eca-from-foreign-companies\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Local tourism operators want protection from the ECA from foreign companies&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/local-tourism-operators-want-protection-from-the-eca-from-foreign-companies\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/local-tourism-operators-want-protection-from-the-eca-from-foreign-companies\/&title=Local tourism operators want protection from the ECA from foreign companies\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Local+tourism+operators+want+protection+from+the+ECA+from+foreign+companies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Flocal-tourism-operators-want-protection-from-the-eca-from-foreign-companies%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/local-tourism-operators-want-protection-from-the-eca-from-foreign-companies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634937\" class=\"content-area-description single-story post-634937 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\/.aa22708d-7c06-41fc-a92c-14048ec890c8.mp3\"><\/audio><\/figure>\n<p>Local tourism operators are apparently planning on pushing for protections from competition from foreign operators after the government abandoned plans to set minimum prices on hotels. A number of them complained at a meeting with the Egyptian Competition Authority (ECA) last week that foreign companies receive benefits which they do not, going so far as to suggest that they are not charged a VAT on their sales, <a href=\"https:\/\/alborsanews.com\/2018\/01\/28\/1081071\">according to Al Borsa<\/a>. They also complain that foreign operators have been undercutting them on prices. Local businesses plan to send a memo to the ECA urging it to step in. <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/17\/tourism-ministry-abandons-plan-to-stipulate-minimum-rates-for-hotels\/\">Earlier this month<\/a>, outgoing ECA boss Mona El Garf said that the ECA will meet with Tourism Ministry officials to discuss antitrust strategies and policies which will implemented sector-wide.<\/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=\"634941\" 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=\"634941\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/mnos-begin-phasing-out-sales-of-new-lines-through-distributors\/\">\r\n                            MNOs begin phasing out sales of new lines through distributors                        <\/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\/01\/29\/mnos-begin-phasing-out-sales-of-new-lines-through-distributors\/\" 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\/01\/29\/mnos-begin-phasing-out-sales-of-new-lines-through-distributors\/')\">\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\/01\/29\/mnos-begin-phasing-out-sales-of-new-lines-through-distributors\/\">\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=MNOs begin phasing out sales of new lines through distributors&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/mnos-begin-phasing-out-sales-of-new-lines-through-distributors\/\">\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\/01\/29\/mnos-begin-phasing-out-sales-of-new-lines-through-distributors\/&title=MNOs begin phasing out sales of new lines through distributors\">\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=MNOs+begin+phasing+out+sales+of+new+lines+through+distributors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fmnos-begin-phasing-out-sales-of-new-lines-through-distributors%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\/01\/29\/mnos-begin-phasing-out-sales-of-new-lines-through-distributors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634941\" class=\"content-area-description single-story post-634941 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\/.f27a821e-1c9a-4aec-8aad-e8875f095393.mp3\"><\/audio><\/figure>\n<p>Vodafone Egypt, Orange Misr, and Etisalat Mist have begun limiting the number of new phone lines sold through third-party distributors as per regulations <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/10\/ntra-banning-sales-of-mobile-phone-lines-through-distributors-starting-in-march\/\">set out this month<\/a> by the National Telecommunications Regulatory Authority (NTRA), <a href=\"https:\/\/alborsanews.com\/2018\/01\/28\/1080895\">sources tell Al Borsa<\/a>. The NTRA had limited sales through distributors to around 50 new lines per distributor until March, after which all new lines will be sold through official branches of mobile network operators. The move, which MNOs complain has severely disrupted sales operations, is meant to strengthen know-your-customer procedures. MNOs have been in talks with regulators to find alternative means to include third-party sellers, including setting up franchises, but there is no word as of yet on progress on the talks.<\/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=\"634942\" 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=\"634942\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\">\r\n                            EgyptAir in talks with international banks for USD 800 mn loan                        <\/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\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\" 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\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/')\">\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\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\">\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=EgyptAir in talks with international banks for USD 800 mn loan&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\">\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\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/&title=EgyptAir in talks with international banks for USD 800 mn loan\">\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=EgyptAir+in+talks+with+international+banks+for+USD+800+mn+loan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fegyptair-in-talks-with-international-banks-for-usd-800-mn-loan%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\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634942\" class=\"content-area-description single-story post-634942 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\/.6e80f209-e6f9-4dd4-b621-d68a7f7e10d9.mp3\"><\/audio><\/figure>\n<p>EgyptAir is in talks with international banks to borrow USD 800 mn for the purchase of new aircrafts to upgrade their fleet, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=28012018&id=7d0f8c1b-cc4b-452c-9a94-1580a650b702\">banking sources told Al Shorouk<\/a>. The sources disclosed that amongst the institutions involved in the conversation are Citigroup and JP Morgan. EgyptAir is planning on spending a total of USD 5 bn to purchase 45 aircraft over the next period and has been speaking to both <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/06\/banks-want-guaranteed-to-grant-egyptair-usd-870-mn-loan\/\">local and international banks to finance the fleet upgrade<\/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\/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=\"634944\" 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=\"634944\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">19<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/uae-based-luxury-items-online-boutique-eyes-egypt-market\/\">\r\n                            UAE-based luxury items online boutique eyes Egypt market                        <\/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\/01\/29\/uae-based-luxury-items-online-boutique-eyes-egypt-market\/\" 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\/01\/29\/uae-based-luxury-items-online-boutique-eyes-egypt-market\/')\">\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\/01\/29\/uae-based-luxury-items-online-boutique-eyes-egypt-market\/\">\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=UAE-based luxury items online boutique eyes Egypt market&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/uae-based-luxury-items-online-boutique-eyes-egypt-market\/\">\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\/01\/29\/uae-based-luxury-items-online-boutique-eyes-egypt-market\/&title=UAE-based luxury items online boutique eyes Egypt market\">\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=UAE-based+luxury+items+online+boutique+eyes+Egypt+market+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F29%2Fuae-based-luxury-items-online-boutique-eyes-egypt-market%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\/01\/29\/uae-based-luxury-items-online-boutique-eyes-egypt-market\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634944\" class=\"content-area-description single-story post-634944 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.784e6bba-0647-4fc0-901b-6cab87fa05a8.mp3\"><\/audio><\/figure>\n<p>Dubai-based start-up The Luxury Closet is is looking to expand into the Egyptian market, founder and CEO Kunal Kapoor <a href=\"https:\/\/english.mubasher.info\/news\/3202700\/UAE-startup-The-Luxury-Closet-to-foray-into-GCC-Egypt\">tells Mubasher<\/a>. The leading online boutique, which focuses on the GCC region, did not have Egypt in its original plans, but realised its potential after collaborating with some high-profile Egyptian \u201cinfluencers,\u201d he adds. The Luxury Closet connects sellers and buyers of luxury brand items like handbags, clothes, watches and jewelry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"634945\" 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=\"634945\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">20<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/634945\/\">\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\/01\/29\/634945\/\" 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\/01\/29\/634945\/')\">\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\/01\/29\/634945\/\">\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\/01\/29\/634945\/\">\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\/01\/29\/634945\/&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%2F01%2F29%2F634945%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\/01\/29\/634945\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634945\" class=\"content-area-description single-story post-634945 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 17.6464 | Sell 17.7464<br \/><strong>EGP \/ USD at CIB:<\/strong> Buy 17.64 | Sell 17.74<br \/><strong>EGP \/ USD at NBE: <\/strong>Buy 17.63 | Sell 17.73<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 15,311 (+0.9%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.0 bn (11% ABOVE the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +1.9%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session up 0.9%. CIB, the index heaviest constituent closed up 2.1%. EGX30\u2019s top performing constituents were Heliopolis Housing up 2.7%; Orascom Telecom Media & Technology up 2.7%; and Sidi Kerir Petrochemicals up 2.2%. Yesterday\u2019s worst performing stocks were Ezz Steel down 3.6%; ACC down 1.2%; and Palm Hills down 1.0%. The market turnover was EGP 1.0 bn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +102.7 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -1.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -101.3 mn<\/p>\n<p><strong>Retail<\/strong>: 60.2% of total trades | 59.7% of buyers | 60.8% of sellers<br \/>\n <strong>Institutions<\/strong>: 39.8% of total trades | 40.3% of buyers | 39.2% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 15.2% of total | 20.2% of buyers | 10.2% of sellers<br \/>\n <strong>Regional:<\/strong> 11.4% of total | 11.4% of buyers | 11.5% of sellers<br \/>\n <strong>Domestic:<\/strong> 73.4% of total | 68.4% of buyers | 78.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 66.14 (+0.96%)<br \/>\n <strong>Brent:<\/strong> USD 70.52 (+0.14%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.51 MMBtu, (+1.68%, February 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,357.2 \/ troy ounce (-0.79%)<\/p>\n<p><strong>TASI:<\/strong> 7,538.38 (+0.22%) (YTD: +4.32%)<br \/>\n <strong>ADX:<\/strong> 4,631.86 (-0.25%) (YTD: +5.31%)<br \/>\n <strong>DFM:<\/strong> 4,464.14 (-0.13%) (YTD: +2.79%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 415.79 (-0.64%) (YTD: +3.58%)<br \/>\n <strong>QE:<\/strong> 9,411.53 (-0.51%) (YTD: +10.42%)<br \/>\n <strong>MSM:<\/strong> 4,991.38 (-0.33%) (YTD: -2.12%)<br \/>\n <strong>BB: <\/strong>1,342.32 (+0.04%) (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=\"634946\" 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\/01\/29\/634946\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-634946\" class=\"content-area-description single-story post-634946 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>29-30 January (Monday-Tuesday): <a href=\"http:\/\/www.terrapinn.com\/exhibition\/seamless-north-africa\/index.stm\">Seamless North Africa<\/a>, The Nile Ritz-Carlton, Cairo.<\/p>\n<p>30 January-01 February (Tuesday-Thursday): <a href=\"http:\/\/cicapitalconferences.com\/\">CI Capital\u2019s MENA Investor Conference<\/a>, Four Seasons Nile Plaza, Cairo.<\/p>\n<p>3-4 February (Saturday-Sunday): Egypt Investment Forum, Semiramis Intercontinental Hotel, Cairo.<\/p>\n<p>05 February (Monday): Egypt\u2019s <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">Emirates NBI PMI<\/a> reading for January announced.<\/p>\n<p>08-11 February (Thursday-Sunday): Furnex & the Home international trade fair, Cairo International Convention Center.<\/p>\n<p>12-14 February 2018 (Monday-Wednesday): <a href=\"http:\/\/www.egyps.com\/\">Egypt Petroleum Show 2018<\/a> (EGYPS), New Cairo Exhibition Center.<\/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>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): Labour Day, national holiday.<\/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 begins (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":634904,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-634903","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"06e5c535-ba41-4350-bf06-3a3cada83e83","teaser":"","photo_url":"https:\/\/ent.news\/2016\/1\/54.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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