{"id":635018,"date":"2018-01-31T04:19:56","date_gmt":"2018-01-31T04:19:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=635018"},"modified":"2025-12-17T14:09:42","modified_gmt":"2025-12-17T14:09:42","slug":"is-the-nations-car-market-finally-turning-the-corner","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/is-the-nations-car-market-finally-turning-the-corner\/","title":{"rendered":"Is the nation\u2019s car market finally turning the corner?"},"content":{"rendered":"<section id=\"635020\" 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=\"635020\">\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\/31\/what-were-tracking-on-31-january-2018\/\">\r\n                            What we\u2019re tracking on 31 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\/31\/what-were-tracking-on-31-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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The selloff in US equities and a fall in US treasury prices comes ahead of the US Federal Reserve\u2019s Wednesday meeting. Investors are also warily looking ahead to earnings releases expected this week from Apple, Facebook, Amazon and Google, the newspaper suggests. The <a href=\"https:\/\/www.wsj.com\/articles\/asia-pacific-stocks-follow-u-s-markets-lower-1517276150\">Wall Street Journal<\/a>, meanwhile, notes that the selloff in US equities \u2014 largely echoed in markets globally, albeit on different drivers \u2014 was compounded by worries over rising oil production and an unusual announcement targeting the healthcare sector.<\/p><p><strong>Here at home, the EGX30 closed down 0.4% yesterday<\/strong> on moderate volumes, reversing gains made on Monday.<\/p><p>That healthcare announcement that\u2019s roiling global markets? <strong>The global industry is watching very warily after Amazon, Warren Buffett\u2019s Berkshire Hathaway and JPMorgan Chase said yesterday they\u2019re going to \u2018disrupt\u2019 the industry in the US. <\/strong>The three companies are partnering to find ways to lower healthcare costs and improve outcomes for their hundreds of thousands of employees by deploying tech and other tools. The not-for-profit venture will focus on delivering \u201csimplified, high-quality and transparent healthcare\u201d for more than 500k employees, they said. The news is all over the front pages of the global business press: <a href=\"https:\/\/www.ft.com\/content\/f4694aa6-05c1-11e8-9650-9c0ad2d7c5b5\">Financial Times<\/a>, <a href=\"https:\/\/www.reuters.com\/article\/us-amazon-healthcare\/amazon-berkshire-jpmorgan-partner-to-cut-u-s-healthcare-costs-idUSKBN1FJ1NF\">Reuters<\/a>, Bloomberg (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-01-30\/amazon-berkshire-jpmorgan-to-set-up-a-health-company-for-staff\">news<\/a> | <a href=\"https:\/\/www.bloomberg.com\/gadfly\/articles\/2018-01-30\/amazon-berkshire-jpmorgan-health-venture-incumbents-should-fear\">analysis<\/a>), <a href=\"https:\/\/www.wsj.com\/articles\/amazon-berkshire-hathaway-jpmorgan-to-partner-on-health-care-1517315659\">Wall Street Journal<\/a> and <a href=\"https:\/\/www.nytimes.com\/2018\/01\/30\/technology\/amazon-berkshire-hathaway-jpmorgan-health-care.html\">New York Times<\/a>.<\/p><p>Closer to home:<\/p><p><strong>Expect positive central bank reserves announcement: Egypt\u2019s foreign reserves are sufficient to cover eight-months\u2019 worth of imports<\/strong>, CBE Sub-governor Rami Aboul Naga said, <a href=\"https:\/\/af.reuters.com\/article\/africaTech\/idAFL8N1PP1NA\">according to Reuters<\/a>. The reserves figure stood at USD 37.02 bn in December, which is roughly equivalent to a 7.8-month import cover, implying at least stability in the reserves figure month-on-month.<\/p><p><strong>CI Capital\u2019s <\/strong><a href=\"http:\/\/cicapitalconferences.com\/\"><strong>2018 MENA Investor Conference<\/strong><\/a><strong> kicked off yesterday and will run until 1 Feb <\/strong>at the Four Seasons Nile Plaza. The conference brings together more than 200 investors from 75 regional and international organizations with an aggregate AUM of USD 10 tn, according to a <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1252279\">statement carried by Al Masry Al Youm<\/a>. We stopped in for day one and have highlights in this morning\u2019s Speed Round, below.<\/p><p><strong>IMF boss Christine Lagarde thinks Arab nations need to take \u201curgent action\u201d to promote job growth <\/strong>and address \u201csimmering discontent\u201d among youth. \u201cThe private sector needs to step in and step up, and \u2026 government action could help [by] \u2026 combating corruption, increasing competition, and taking advantage of global trade and new technologies, the <a href=\"https:\/\/www.ft.com\/content\/76579dea-05c9-11e8-9650-9c0ad2d7c5b5\">Financial Times reports<\/a>.<\/p><p><strong>The US Secretaries of state and defense wish we could all just get along. <\/strong>The two \u201ccalled on all sides in the dispute between Qatar\u201d and the Arab Quartet to \u201cwork to calm tensions, saying a united Gulf Cooperation Council bolstered regional stability,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-usa-qatar\/tillerson-mattis-call-for-calming-tensions-in-gulf-dispute-idUSKBN1FJ28U\">Reuters reports<\/a>. Rex Tillerson and Jim Mattis made their remarks in a joint appearances with the Qatari foreign and defense ministers.<\/p><p><strong>In business news, global M&amp;A activity<\/strong> has been interesting so far this week:<\/p><p><strong>JAB, the folks who own the Keurig coffee pods brand, have snapped up Dr. Pepper, 7Up and Snapple <\/strong>in a USD 18.7 bn takeover that\u2019s getting plenty of attention in the US for the breadth of its ambition to \u201ccreate a food-and-coffee empire.\u201d See coverage and analysis in <a href=\"https:\/\/www.reuters.com\/article\/us-dr-pepper-snapp-m-a-keurig\/coffee-meets-7up-in-keurig-dr-pepper-snapple-deal-idUSKBN1FI1II\">Reuters<\/a>, <a href=\"https:\/\/www.nytimes.com\/2018\/01\/29\/business\/dealbook\/keurig-dr-pepper-snapple.html\">the New York Times<\/a> and <a href=\"https:\/\/www.wsj.com\/articles\/keurig-dr-pepper-why-coffee-and-soda-might-just-mix-1517254610\">the Wall Street Journal<\/a>. JAB already owns Peet\u2019s Coffee and Krispy Kreme.<\/p><p><strong>Blackstone is in \u201cadvanced talks\u201d to acquire a controlling 55% stake in the Thomson Reuters\u2019 Financial and Risk business<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-thomsonreuters-f-r-blackstone\/exclusive-blackstone-in-talks-to-buy-majority-stake-in-key-thomson-reuters-unit-sources-idUSKBN1FJ0B7\">sources tell Reuters<\/a>. The unit, which \u201ccontributes more than half of Thomson Reuters\u2019 annual revenues,\u201d is valued at around USD 20 bn, they said. The board reportedly met yesterday to review Blackstone\u2019s offer. The F&amp;R business unit \u201csupplies news, data and analytics to banks and investment houses around the world.\u201d Bloomberg Gadly wonders whether the transaction \u201c<a href=\"https:\/\/www.bloomberg.com\/gadfly\/articles\/2018-01-31\/blackstone-s-thomson-reuters-deal-heralds-era-of-offbeat-megabuyouts\">heralds an era of offbeat megabuyouts<\/a>,\u201d while the Financial Times notes that <a href=\"https:\/\/www.ft.com\/content\/1804c0cc-059e-11e8-9650-9c0ad2d7c5b5\">Blackstone is now going to be going head-to-head with Bloomberg<\/a>.<\/p><p><strong>Donald Trump is delivering his <\/strong><a href=\"https:\/\/www.nytimes.com\/2018\/01\/30\/us\/politics\/trump-state-of-the-union.html\"><strong>\u201cstate of the nation\u201d address<\/strong><\/a> as we write these words.<\/p><p>In miscellany today:<\/p><ul>\n<li><strong>There\u2019s backlash against dark, slim jeans<\/strong>, <a href=\"https:\/\/www.wsj.com\/articles\/the-dark-jeans-backlash-what-stylish-guys-are-wearing-instead-1517328822\">the Wall Street Journal<\/a> tells us, writing that \u201cstylish guys\u201d are wearing relaxed fits, stretch denim, lighter washes and jeans with less distress.<\/li>\n<li>Bloomberg is offering up <a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-01-30\/megan-mcardle-s-12-rules-for-life\"><strong>After 45 Birthdays, Here Are '12 Rules for Life.'<\/strong><\/a><\/li>\n<\/ul>\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> <!-- 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alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" 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   \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\/31\/what-were-tracking-this-week-80\/\">\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 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 <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fwhat-were-tracking-this-week-80%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\/31\/what-were-tracking-this-week-80\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635022\" class=\"content-area-description single-story post-635022 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>New railway ticket prices could be announced as early as this week, <\/strong>now that the Transport Ministry has signed off on the new pricing scheme.<\/p>\n<p><strong>Don\u2019t miss the trifecta of moons tonight. <\/strong>The full moon will be brighter and larger than you\u2019ve ever seen it. Best viewed at moonrise, says NASA.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635023\" 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=\"635023\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON THE HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/on-the-horizon-104\/\">\r\n                            On the horizon                        <\/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\/31\/on-the-horizon-104\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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horizon&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/on-the-horizon-104\/\">\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\/31\/on-the-horizon-104\/&title=On the horizon\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=On+the+horizon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fon-the-horizon-104%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" 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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\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=\"635024\" 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=\"635024\">\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\/31\/presidential-elections-continue-to-feature-prominently-on-the-airwaves\/\">\r\n                            Presidential elections continue to feature prominently on the airwaves                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/presidential-elections-continue-to-feature-prominently-on-the-airwaves\/&title=Presidential elections continue to feature prominently on the airwaves\">\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=Presidential+elections+continue+to+feature+prominently+on+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fpresidential-elections-continue-to-feature-prominently-on-the-airwaves%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\/31\/presidential-elections-continue-to-feature-prominently-on-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635024\" class=\"content-area-description single-story post-635024 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The presidential elections still featured prominently<\/strong> in talking heads\u2019 discussions last night but a few other topics of interest also came up.<\/p>\n<p><strong>Hona Al Asema\u2019s Lamees Al Hadidi announced her partnership with CIB to sponsor her startup competition, Hona Al Shabab, this year<\/strong>. This season will be run under the theme of \u201cempowering fintech,\u201d per the bank\u2019s suggestion. CIB\u2019s sponsorship reflects its support of entrepreneurs, financial inclusion, and financial technology, Chief Digital Officer Mohamed Farag told Lamees. The bank will award the winners of each episode EGP 100k, with that amount doubling for fintech projects. Winners of the competition\u2019s grand prize will receive funding of EGP 500k. CIB\u2019s chief data officer told Lamees that CIB sees fintech projects as a key tool in the nation\u2019s financial inclusion drive, noting that low bank penetration has been an obstacle to economic growth (<a href=\"https:\/\/www.youtube.com\/watch?v=6_kl-3f3Lio\">watch, runtime: 15:31<\/a>).<\/p>\n<p><strong>Shifting her attention to the political scene, Lamees expressed her dismay at the small size of the opposition bloc calling for a boycott of the elections<\/strong>. The host said she was expecting a much larger gathering to make the opposition\u2019s voice heard loud and clear. She made it a point, however, to clarify that she doesn\u2019t support the notion of boycotting elections, which would only embarrass Egypt on the world stage. She urged the opposition to start putting in some legwork as of this moment to prepare a strong presidential candidate for the elections in 2022 (<a href=\"https:\/\/www.youtube.com\/watch?v=EMuRJkhg08I\">watch, runtime: 3:26<\/a>).<\/p>\n<p><strong>Lamees also had a chat with head of the Free Egyptians Party<\/strong>, Essam Khalil, who agreed that a boycott aims to embarrass Egypt. The Free Egyptians had publicly announced its support for President Abdel Fattah El Sisi\u2019s reelection earlier this month (<a href=\"https:\/\/www.youtube.com\/watch?v=JVupdTsvWK8\">watch, runtime: 4:49<\/a>).<\/p>\n<p><strong>Lawyer Khaled Abu Bakr phoned in to say that, while the current situation may not be ideal, El Sisi won the presidency in 2014 by a landslide<\/strong> and democracy says that the majority rules. He also slammed the calls for an election boycott as a \u201cbetrayal\u201d that wants to convey an inaccurate image of the country to the world (<a href=\"https:\/\/www.youtube.com\/watch?v=MCTNsVPC4PQ\">watch, runtime: 4:59<\/a>).<\/p>\n<p><strong>Kol Youm\u2019s Amr Adib, meanwhile, declared that he will participate in the elections by voting<\/strong> to protect what he calls the country\u2019s \u201cquasi-democracy\u201d (<a href=\"https:\/\/www.youtube.com\/watch?v=bXaoHNGX3b8\">watch, runtime: 6:03<\/a>).<\/p>\n<p>Over on Masaa DMC, <strong>Osama Kamal sat down with Support Egypt Coalition head Mohamed Elsewedy for an extended conversation about the elections<\/strong>. Elsewedy reaffirmed that MPs were not obligated to sign endorsement forms for El Sisi, and that there are some MPs who have not given their signatures in support of any candidate. He also criticized the inactivity of the country\u2019s political parties, saying that citizens are completely unaware that there are currently 110 active parties (<a href=\"https:\/\/www.youtube.com\/watch?v=4izUjEeLwW8\">watch, runtime: 1:25:51<\/a>).<\/p>\n<p>In non-election talk, <strong>Kamal also spoke to Public Enterprises Minister Khaled Badawy, who said that public pharma companies are, for the most part, enjoying healthy profits<\/strong>. Of the country\u2019s 11 pharma holding companies, only three are incurring losses because they had been selling their products at pre-float prices. According to the minister, one of these companies recorded losses of as much as EGP 600 mn. He encouraged pharma companies to diversify their product range and cut off meds that are not doing well on the market (<a href=\"https:\/\/www.youtube.com\/watch?v=o17cLOX16v0\">watch, runtime: 5:03<\/a>).<\/p>\n<p><strong>Back on Kol Youm, Adib spoke to Morsi-era oil minister Osama Kamal about the recently-inaugurated Zohr gas field<\/strong>, which Kamal said is a symbol of political stability that played a key role in regaining investors\u2019 trust in Egypt. The former minister reminded Adib that at some point, Egypt was importing up to 1.5 bcm of gas at a cost of EGP 10-15 mn dollars, and that the country will no longer be spending these sums on gas imports. He also suggested that it might be best to use surplus gas in petrochemical industries domestically, rather than seeking profits by exporting it to international markets (<a href=\"https:\/\/www.youtube.com\/watch?v=P0GSog8VbBQ\">watch, runtime: 6:42<\/a>).<\/p>\n<p><strong>Mansoura University paleontology professor Hisham Sallam, who headed the research team that uncovered <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/30\/school-bus-sized-dinosaur-fossil-unearthed-in-egypts-western-desert\/\"><strong>a new species of dinosaur<\/strong><\/a> in the Western Desert, told Adib that the fossil was actually first discovered in the Western Desert in 2013. The research team has unearthed around 65% of the dinosaur\u2019s skeleton, and the search is still on for its jaw, part of its skull, and some neck and back vertebrae (<a href=\"https:\/\/www.youtube.com\/watch?v=v8922vagU_\">watch, runtime:12:57<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"635025\" 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=\"635025\">\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\/31\/is-the-car-market-finally-turning-the-corner\/\">\r\n                            Is the car market finally turning the corner?                        <\/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\/31\/is-the-car-market-finally-turning-the-corner\/\" 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\/31\/is-the-car-market-finally-turning-the-corner\/')\">\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\/31\/is-the-car-market-finally-turning-the-corner\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Is the car market finally turning the corner?&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/is-the-car-market-finally-turning-the-corner\/\">\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\/31\/is-the-car-market-finally-turning-the-corner\/&title=Is the car market finally turning the corner?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Is+the+car+market+finally+turning+the+corner%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fis-the-car-market-finally-turning-the-corner%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\/31\/is-the-car-market-finally-turning-the-corner\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635025\" class=\"content-area-description single-story post-635025 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Is the car market finally turning the corner? <\/strong>A low base effect certainly helped, but: Car sales grew 17.3% y-o-y in December, making it the first month in 2017 in which sales rose substantially, according to a report by the Automotive Information Council (AMIC) <a href=\"https:\/\/alborsanews.com\/2018\/01\/30\/1081413\">report picked up by Al Borsa<\/a>. The year-long slump in the auto industry, which saw passenger car sales decline 30% in FY2017 after the float of the EGP in late 2016, finally slowed in November, which saw a 0.4% increase in sales. Passenger car sales in December grew a sharp 21% y-o-y, with around 11,000 cars sold. Industry leader GB Auto held a 29% market share. By brand, Chevrolet cars topped sales in December with a 22% market share, followed by Hyundai (20%), and Renault (17%). AMIC member Raafat Masrooga said that 2018 should see a continuation of this rebound as the overall macroeconomic climate improves.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635042\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635043\" 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=\"635043\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/other-international-coverage-13\/\">\r\n                            Other international coverage                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li 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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>It\u2019s a reasonably quiet morning for Egypt in the international press<\/strong>, with coverage focused largely on the presidential election, where the Lawfare blog spoke for the hive mind with its headline that \u201c<a href=\"https:\/\/www.lawfareblog.com\/egypt-finds-token-candidate-run-against-sisi\">Egypt finds a token candidate to run against Sisi<\/a>.\u201d<\/p>\n<p><strong>Dominating a narrative<\/strong> is <a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/egypt-opposition-coalition-calls-for-boycott-of-march-vote\/2018\/01\/30\/ff473f6a-05bb-11e8-aa61-f3391373867e_story.html?utm_term=.6cc6c9f67b14\">a piece from Associated Press<\/a> bureau chief Hamza Hendawi noting that \u201ca coalition of eight Egyptian opposition parties and some 150 pro-democracy public figures on Tuesday called for a boycott of the March presidential election, calling it an \u2018absurdity\u2019 and comparing the government\u2019s handling of the vote to that of \u2018old and crude dictatorships.\u2019\u201d Hendawi\u2019s piece is being <a href=\"http:\/\/www.cbc.ca\/news\/world\/egypt-election-boycott-plan-1.4510572\">widely picked up<\/a>.<\/p>\n<p>Also making headlines: US National Public Radio is noting that \u201c<a href=\"https:\/\/www.npr.org\/2018\/01\/30\/581827632\/egypts-president-moves-to-curb-opposition-as-election-nears\">Egypt's president moves to curb opposition as election nears<\/a>,\u201d and Reuters is getting traction from a piece bylined simply \u201cReuters Staff\u201d that declares \u201c<a href=\"https:\/\/www.reuters.com\/article\/us-egypt-security-military-insight\/egypts-ex-army-officers-pose-growing-security-threat-idUSKBN1FJ1V8\">Egypt's ex-army officers pose growing security threat<\/a>.\u201d<\/p>\n<p>Also worth noting in brief:<\/p>\n<ul>\n<li><strong>Profits at Egypt\u2019s biggest lenders are on an upward trajectory, <\/strong>and economic forecasts suggest a healthy 2018, <a href=\"http:\/\/www.thebanker.com\/Banker-Data\/Bank-Trends\/Banks-track-Egypt-s-growth-story?ct=true\">Danielle Myles writes for The Banker<\/a>.<\/li>\n<li>The <a href=\"http:\/\/www.latimes.com\/travel\/la-tr-egypt-tour-cruise-lindblad-expeditions-20180129-story.html\">Los Angeles Times<\/a>\u2019 Travel section is out with a <strong>short piece promoting a 13-day tour and cruise of Egypt.<\/strong><\/li>\n<li>As the presidential elections draw closer, <strong>\u201cthe more the pressure and threats increase against the president\u2019s critics<\/strong>,\u201d <a href=\"https:\/\/www.haaretz.com\/middle-east-news\/egypt\/.premium-tahrir-square-is-empty-1.5771087\">Zvi Bar\u2019el writes for Haaretz<\/a>. <\/li>\n<li><strong>Renewable energy is allowing Egypt\u2019s Oriental Trade Co. is to grow better-quality, environmentally-friendly pumpkins<\/strong>, which are becoming \u201ca fast-growing crop for export,\u201d <a href=\"http:\/\/www.freshplaza.com\/article\/188660\/Egypt-Renewable-energy-proves-a-winner-for-pumpkin-grower\">according to Freshplaza<\/a>. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635044\" 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=\"635044\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/columnists-are-not-happy-with-how-the-presidential-elections-have-been-set-up\/\">\r\n                            Columnists are not happy with how the presidential elections have been set up                        <\/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\/31\/columnists-are-not-happy-with-how-the-presidential-elections-have-been-set-up\/\" 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\/31\/columnists-are-not-happy-with-how-the-presidential-elections-have-been-set-up\/')\">\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\/31\/columnists-are-not-happy-with-how-the-presidential-elections-have-been-set-up\/\">\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=Columnists are not happy with how the presidential elections have been set up&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/columnists-are-not-happy-with-how-the-presidential-elections-have-been-set-up\/\">\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\/31\/columnists-are-not-happy-with-how-the-presidential-elections-have-been-set-up\/&title=Columnists are not happy with how the presidential elections have been set up\">\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=Columnists+are+not+happy+with+how+the+presidential+elections+have+been+set+up+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fcolumnists-are-not-happy-with-how-the-presidential-elections-have-been-set-up%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\/31\/columnists-are-not-happy-with-how-the-presidential-elections-have-been-set-up\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635044\" class=\"content-area-description single-story post-635044 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>After weeks of hoping for a pluralistic election, the nation\u2019s columnists are not at all happy with how the race is shaping up<\/strong>. <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=29012018&id=208c265f-aa73-49a7-a0c3-82d9fdb652d6\">Al Shorouk\u2019s<\/a> Emad El Din Hussein wishes that the state had pushed forward its candidate of choice into the race a little bit earlier in the game to avoid making his entry seem like such a sham. Engineering the elections in this way is a dangerously short-sighted policy that ignores the possibility of angering the populace enough to trigger another wave of political unrest, Mohamed Esmat <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=29012018&id=571089d2-2a62-412a-bfb3-c3687899fdb3\">says in the same newspaper<\/a>. He also points out that the whole show was unnecessary because President Abdel Fattah El Sisi\u2019s re-election is a foregone conclusion, despite his popularity having eased from its previous height. <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=29012018&id=a6fc7ab9-6e49-4655-b0af-0555344561ba\">Ziad Bahaa El Din<\/a> tries to look at the silver lining, pointing out that people\u2019s negative reaction is reason to hope that the population will not be politically passive forever and that they could become engaged in the political scene again soon.<\/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\/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=\"635045\" 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=\"635045\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/barcelona-experimenting-with-superblock-urban-design\/\">\r\n                            Barcelona experimenting with superblock urban design                        <\/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\/31\/barcelona-experimenting-with-superblock-urban-design\/\" 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\/31\/barcelona-experimenting-with-superblock-urban-design\/')\">\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\/31\/barcelona-experimenting-with-superblock-urban-design\/\">\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=Barcelona experimenting with superblock urban design&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/barcelona-experimenting-with-superblock-urban-design\/\">\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\/31\/barcelona-experimenting-with-superblock-urban-design\/&title=Barcelona experimenting with superblock urban design\">\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=Barcelona+experimenting+with+superblock+urban+design+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fbarcelona-experimenting-with-superblock-urban-design%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\/31\/barcelona-experimenting-with-superblock-urban-design\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/1316.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"635046\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/barcelona-experimenting-with-superblock-urban-design\/1316-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/1316.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1316.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/1316.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/1316.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635045\" class=\"content-area-description single-story post-635045 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>City planners in Barcelona are rethinking the way we approach urban development and coming up with solutions for congestion and its effects, <\/strong><a href=\"https:\/\/www.facebook.com\/Vox\/videos\/831549840365953\/\">according to a video report by Vox<\/a>. The idea revolves around the concept of a \u201csuperblock,\u201d clustering several blocks together and closing them off to major forms of traffic to create more space and access to pedestrians and cyclists. Food for thought, Cairo. (<a href=\"https:\/\/www.facebook.com\/Vox\/videos\/831549840365953\/\">watch, runtime 5:31<\/a>)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"635047\" 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=\"635047\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/egypt-could-establish-industrial-pharma-city-in-iraq\/\">\r\n                            Egypt could establish industrial pharma city in Iraq                        <\/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\/31\/egypt-could-establish-industrial-pharma-city-in-iraq\/\" 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\/31\/egypt-could-establish-industrial-pharma-city-in-iraq\/')\">\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\/31\/egypt-could-establish-industrial-pharma-city-in-iraq\/\">\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 could establish industrial pharma city in Iraq&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/egypt-could-establish-industrial-pharma-city-in-iraq\/\">\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\/31\/egypt-could-establish-industrial-pharma-city-in-iraq\/&title=Egypt could establish industrial pharma city in Iraq\">\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+could+establish+industrial+pharma+city+in+Iraq+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fegypt-could-establish-industrial-pharma-city-in-iraq%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\/31\/egypt-could-establish-industrial-pharma-city-in-iraq\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635047\" class=\"content-area-description single-story post-635047 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 is ready to establish an industrial pharma city project in Iraq, <\/strong>Health Ministry spokesperson Khaled Megahed said yesterday, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=30012018&id=df2b89fe-eae5-4b80-afc0-f1f82e5633ac\">Al Shorouk reports<\/a>. The announcement followed a meeting between Iraqi President Fuad Masum and Health Minister Ahmed Rady, who is in Baghdad for a three-day visit to discuss Egypt\u2019s role in reconstruction efforts there as part of a delegation headed by presidential advisor for national projects Ibrahim Mahlab. Masum, who <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1252357\">also sat down<\/a> for a one-on-one with Mahlab, met as well with representatives from Egyptian pharma companies who are looking to cooperate with the Iraqi government on various health projects, the newspaper adds. Masum assured the delegation that <strong>Iraq will be giving priority to Egyptian companies in its reconstruction process across different fields<\/strong>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"635048\" 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=\"635048\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/maridive-wins-vessel-lease-contracts-in-ksa-tunisia-worth-a-combined-usd-14-mn\/\">\r\n                            Maridive wins vessel lease contracts in KSA, Tunisia worth a combined USD 14 mn                        <\/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\/31\/maridive-wins-vessel-lease-contracts-in-ksa-tunisia-worth-a-combined-usd-14-mn\/\" 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\/31\/maridive-wins-vessel-lease-contracts-in-ksa-tunisia-worth-a-combined-usd-14-mn\/')\">\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\/31\/maridive-wins-vessel-lease-contracts-in-ksa-tunisia-worth-a-combined-usd-14-mn\/\">\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=Maridive wins vessel lease contracts in KSA, Tunisia worth a combined USD 14 mn&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/maridive-wins-vessel-lease-contracts-in-ksa-tunisia-worth-a-combined-usd-14-mn\/\">\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\/31\/maridive-wins-vessel-lease-contracts-in-ksa-tunisia-worth-a-combined-usd-14-mn\/&title=Maridive wins vessel lease contracts in KSA, Tunisia worth a combined USD 14 mn\">\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=Maridive+wins+vessel+lease+contracts+in+KSA%2C+Tunisia+worth+a+combined+USD+14+mn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fmaridive-wins-vessel-lease-contracts-in-ksa-tunisia-worth-a-combined-usd-14-mn%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\/31\/maridive-wins-vessel-lease-contracts-in-ksa-tunisia-worth-a-combined-usd-14-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635048\" class=\"content-area-description single-story post-635048 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\/.165920b5-638c-4db8-9ca1-c19d647d8165.mp3\"><\/audio><\/figure>\n<p>Maridive and Oil Services has landed two contracts, one each in Saudi Arabia and Tunisia, worth a combined USD 14 mn, <a href=\"http:\/\/www.almalnews.com\/Story\/362959\/11\/%D9%85%D8%A7%D8%B1%D9%8A%D8%AF%D9%8A%D9%81-%D8%AA%D9%82%D8%AA%D9%86%D8%B5-%D8%B9%D9%82%D8%AF%D9%8A%D9%86-%D9%81%D9%89-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%88%D8%AA%D9%88%D9%86%D8%B3-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-14-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\">Al Mal reports<\/a>. The contract signed a contract with a Saudi client to rent one vessel for seven years beginning in February, and another contract with a Tunisian client for a three-year terms starting in March.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"635049\" 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=\"635049\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/egypt-gas-to-build-natural-gas-network-for-new-administrative-capital\/\">\r\n                            Egypt Gas to build natural gas network for new administrative capital                        <\/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\/31\/egypt-gas-to-build-natural-gas-network-for-new-administrative-capital\/\" 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\/31\/egypt-gas-to-build-natural-gas-network-for-new-administrative-capital\/')\">\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\/31\/egypt-gas-to-build-natural-gas-network-for-new-administrative-capital\/\">\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 Gas to build natural gas network for new administrative capital&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/egypt-gas-to-build-natural-gas-network-for-new-administrative-capital\/\">\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\/31\/egypt-gas-to-build-natural-gas-network-for-new-administrative-capital\/&title=Egypt Gas to build natural gas network for new administrative capital\">\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+Gas+to+build+natural+gas+network+for+new+administrative+capital+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fegypt-gas-to-build-natural-gas-network-for-new-administrative-capital%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\/31\/egypt-gas-to-build-natural-gas-network-for-new-administrative-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635049\" class=\"content-area-description single-story post-635049 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.4842a973-5ea4-4996-bf86-07a0b1633687.mp3\"><\/audio><\/figure>\n<p>Egypt Gas announced signing a contract with the New Administrative Capital Company to implement the first phase of the project\u2019s natural gas network, according to <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%A7%D9%84%D8%A7%D9%81%D8%B5%D8%A7%D8%AD%202018-01-29.pdf\">a company statement<\/a>. The contract is worth EGP 771 mn and will be executed over two years.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635050\" 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=\"635050\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/first-group-to-spend-egp-450-mn-on-kenz-project-in-6-october\/\">\r\n                            First Group to spend EGP 450 mn on Kenz project in 6 October                        <\/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\/31\/first-group-to-spend-egp-450-mn-on-kenz-project-in-6-october\/\" 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\/31\/first-group-to-spend-egp-450-mn-on-kenz-project-in-6-october\/')\">\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\/31\/first-group-to-spend-egp-450-mn-on-kenz-project-in-6-october\/\">\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=First Group to spend EGP 450 mn on Kenz project in 6 October&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/first-group-to-spend-egp-450-mn-on-kenz-project-in-6-october\/\">\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\/31\/first-group-to-spend-egp-450-mn-on-kenz-project-in-6-october\/&title=First Group to spend EGP 450 mn on Kenz project in 6 October\">\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=First+Group+to+spend+EGP+450+mn+on+Kenz+project+in+6+October+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Ffirst-group-to-spend-egp-450-mn-on-kenz-project-in-6-october%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\/31\/first-group-to-spend-egp-450-mn-on-kenz-project-in-6-october\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635050\" class=\"content-area-description single-story post-635050 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\/.6d804995-40a1-44de-ba5a-a150d7ff5d1c.mp3\"><\/audio><\/figure>\n<p>First Group Real Estate is expecting to spend EGP 450 mn this year on their Kenz Compound project in 6 October City, Chairman <a href=\"http:\/\/www.almalnews.com\/Story\/362983\/16\/%D9%81%D8%B1%D8%B3%D8%AA-%D8%AC%D8%B1%D9%88%D8%A8-%D8%AA%D8%B6%D8%AE-450-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87-%D8%A8%D9%83%D9%86%D8%B2-%D9%83%D9%88%D9%85%D8%A8%D8%A7%D9%88%D9%86%D8%AF\">Bashir Mostafa tells Al Mal<\/a>. The investment will go toward completing construction work on the project sometime mid-next year. 65% of the project has already been finished, with First selling 60% of homes since launching in 2015.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635052\" 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=\"635052\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/egypt-air-and-prime-tours-sign-mou-to-fly-world-cup-fans-to-russia-in-charter-flights\/\">\r\n                            Egypt Air and Prime Tours sign MoU to fly World Cup fans to Russia in charter flights                        <\/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\/31\/egypt-air-and-prime-tours-sign-mou-to-fly-world-cup-fans-to-russia-in-charter-flights\/\" 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\/31\/egypt-air-and-prime-tours-sign-mou-to-fly-world-cup-fans-to-russia-in-charter-flights\/')\">\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\/31\/egypt-air-and-prime-tours-sign-mou-to-fly-world-cup-fans-to-russia-in-charter-flights\/\">\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 Air and Prime Tours sign MoU to fly World Cup fans to Russia in charter flights&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/egypt-air-and-prime-tours-sign-mou-to-fly-world-cup-fans-to-russia-in-charter-flights\/\">\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\/31\/egypt-air-and-prime-tours-sign-mou-to-fly-world-cup-fans-to-russia-in-charter-flights\/&title=Egypt Air and Prime Tours sign MoU to fly World Cup fans to Russia in charter flights\">\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+Air+and+Prime+Tours+sign+MoU+to+fly+World+Cup+fans+to+Russia+in+charter+flights+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fegypt-air-and-prime-tours-sign-mou-to-fly-world-cup-fans-to-russia-in-charter-flights%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\/31\/egypt-air-and-prime-tours-sign-mou-to-fly-world-cup-fans-to-russia-in-charter-flights\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635052\" class=\"content-area-description single-story post-635052 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\/.f1802330-b318-4127-b0b4-efe187bacc98.mp3\"><\/audio><\/figure>\n<p>EgyptAir signed an agreement yesterday with Prime Tours Group clearing the way for charter flights to carry passengers to and from the 2018 World Cup in Russia, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=30012018&id=01b9b4b1-29e4-4cdc-99e3-91a2ff0bfa2f\">Al Shorouk reports<\/a>, citing the MENA state news agency.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635053\" 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=\"635053\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/sandstorm-automotive-to-open-a-cairo-office-in-march\/\">\r\n                            Sandstorm Automotive to open a Cairo office 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\/31\/sandstorm-automotive-to-open-a-cairo-office-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\/31\/sandstorm-automotive-to-open-a-cairo-office-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\/31\/sandstorm-automotive-to-open-a-cairo-office-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=Sandstorm Automotive to open a Cairo office in March&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/sandstorm-automotive-to-open-a-cairo-office-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\/31\/sandstorm-automotive-to-open-a-cairo-office-in-march\/&title=Sandstorm Automotive to open a Cairo office 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=Sandstorm+Automotive+to+open+a+Cairo+office+in+March+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fsandstorm-automotive-to-open-a-cairo-office-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\/31\/sandstorm-automotive-to-open-a-cairo-office-in-march\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635053\" class=\"content-area-description single-story post-635053 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a539def6-9786-44bf-96c8-19ee837f422c.mp3\"><\/audio><\/figure>\n<p>The UAE\u2019s Sandstorm Automotive is planning on opening a regional office in Cairo in March, MEA Manager Karim Saleh said, <a href=\"http:\/\/www.almalnews.com\/Story\/362941\/18\/%D8%B3%D8%A7%D9%86%D8%AF%D8%B3%D8%AA%D9%88%D8%B1%D9%85-%D8%A3%D9%88%D8%AA%D9%88-%D8%A7%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%AA%D9%81%D8%AA%D8%AA%D8%AD-%D9%85%D9%83%D8%AA%D8%A8%D8%A7-%D8%A5%D9%82%D9%84%D9%8A%D9%85%D9%8A%D8%A7-%D8%A8%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-%D9%85%D8%A7%D8%B1%D8%B3-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\">according to Al Mal<\/a>. Saleh added that Sandstorm wants to use Egypt as a hub for its African operations. The company expects to launch in the UAE by April and is hoping to launch in Egypt by August. Negotiations are underway with potential local distributors for after-sales services and their local partner should be announced in the next two months. Sandstorm claims that its car is the first that is Arab produced and the company previously stated its <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/11\/first-arab-produced-car-to-hit-the-market-in-june-2018\/\">intention to manufacture in Egypt<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635055\" 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=\"635055\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/banks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe\/\">\r\n                            Banks to begin reporting financials under IFRS 9 starting from 2019 -CBE                        <\/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\/31\/banks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe\/\" 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\/31\/banks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe\/')\">\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\/31\/banks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe\/\">\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=Banks to begin reporting financials under IFRS 9 starting from 2019 -CBE&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/banks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe\/\">\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\/31\/banks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe\/&title=Banks to begin reporting financials under IFRS 9 starting from 2019 -CBE\">\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=Banks+to+begin+reporting+financials+under+IFRS+9+starting+from+2019+-CBE+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fbanks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe%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\/31\/banks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635055\" class=\"content-area-description single-story post-635055 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\/.8fce0a5d-41f1-4c6e-b590-46e3b6a2e5b2.mp3\"><\/audio><\/figure>\n<p>Banks in Egypt <a href=\"http:\/\/www.cbe.org.eg\/Highlights%20Documents\/Circular%20dated%2028%20Jan%202018%20regarding%20Regulation%20related%20to%20the%20Implementation%20of%20IFRS%209.pdf\">will be required<\/a>to begin presenting their financial statements in accordance with the IFRS 9 accounting standards starting from FY 2019, the central bank announced. The central bank is expecting all banks to present it with a plan to implement IFRS 9 with a clear timeline by the end of June 2018. Banks will trial IFRS 9 regulations with their auditors for the 2018 results, which will be presented according to current regulations. The central bank\u2019s directive also requires banks to report to it their capital adequacy ratios on a quarterly basis after taking into consideration IFRS 9 regulations.<\/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\/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=\"635056\" 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=\"635056\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\">\r\n                            Orange successfully completes capital increase to EGP 16.4 bn                        <\/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\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\" 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\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/')\">\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\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\">\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=Orange successfully completes capital increase to EGP 16.4 bn&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\">\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\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/&title=Orange successfully completes capital increase to EGP 16.4 bn\">\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=Orange+successfully+completes+capital+increase+to+EGP+16.4+bn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Forange-successfully-completes-capital-increase-to-egp-16-4-bn%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\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635056\" class=\"content-area-description single-story post-635056 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\/.ad271b3e-ad96-408e-8e62-a5d8f3e22d86.mp3\"><\/audio><\/figure>\n<p>Orange successfully completes capital increase to EGP 16.4 bn: Orange Egypt\u2019s capital increase was 99.49% subscribed when it closed on Sunday, the company said in a <a href=\"http:\/\/www.egx.com.eg\/English\/NewsDetails.aspx?NewsID=169299\">bourse filing yesterday<\/a>. The transaction brings its total issued capital to EGP 16.4 bn from EGP 1 bn in compliance with new listing requirements that could have otherwise forced it out of the EGX. The company received <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/\">regulatory approval in December<\/a>, a month after the board of directors signed off <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/\">on the move<\/a> \u2014 which also brings authorized capital up to EGP 20 bn from EGP 2 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635058\" 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=\"635058\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/kabil-discusses-with-mps-his-ministrys-strategy-to-spur-industrial-sector-growth\/\">\r\n                            Kabil discusses with MPs his ministry\u2019s strategy to spur industrial sector growth                        <\/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\/31\/kabil-discusses-with-mps-his-ministrys-strategy-to-spur-industrial-sector-growth\/\" 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\/31\/kabil-discusses-with-mps-his-ministrys-strategy-to-spur-industrial-sector-growth\/')\">\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\/31\/kabil-discusses-with-mps-his-ministrys-strategy-to-spur-industrial-sector-growth\/\">\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=Kabil discusses with MPs his ministry\u2019s strategy to spur industrial sector growth&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/kabil-discusses-with-mps-his-ministrys-strategy-to-spur-industrial-sector-growth\/\">\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\/31\/kabil-discusses-with-mps-his-ministrys-strategy-to-spur-industrial-sector-growth\/&title=Kabil discusses with MPs his ministry\u2019s strategy to spur industrial sector growth\">\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=Kabil+discusses+with+MPs+his+ministry%E2%80%99s+strategy+to+spur+industrial+sector+growth+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fkabil-discusses-with-mps-his-ministrys-strategy-to-spur-industrial-sector-growth%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\/31\/kabil-discusses-with-mps-his-ministrys-strategy-to-spur-industrial-sector-growth\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635058\" class=\"content-area-description single-story post-635058 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.db69e8b5-8aa0-4e81-8a13-46ebe944342f.mp3\"><\/audio><\/figure>\n<p>The Trade and Industry Ministry is working to push the industrial sector\u2019s share of Egypt\u2019s GDP to 21%, and grow exports at an annual rate of 10% by 2020, Trade and Industry Minister Tarek Kabil said yesterday in an address to parliament, <a href=\"http:\/\/www.mti.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D8%AE%D9%84%D8%A7%D9%84-%D9%85%D8%B4%D8%A7%D8%B1%D9%83%D8%AA%D9%87-%D9%81%D9%8A-%D8%A7%D9%84%D8%AC%D9%84%D8%B3%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D9%84%D9%84%D8%B1%D8%AF-%D8%B9%D9%84%D9%8A-%D8%B9%D8%AF%D8%AF-%D9%85%D9%86-%D8%B7%D9%84%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%AD%D8%A7%D8%B7%D8%A9.aspx\">according to a ministry statement<\/a>. Kabil also discussed the steps his ministry has taken to spur industrial growth through legislation such as the Public Procurement Act and Industrial Permits Act, as well as setting up industrial complexes in different governorates. The minister said that there are currently 871 idle factories in the country, blaming inaccurate feasibility studies for their dilapidation, <a href=\"http:\/\/www.almalnews.com\/Story\/362965\/19\/%D9%82%D8%A7%D8%A8%D9%8A%D9%84-%D8%A3%D8%AE%D8%B7%D8%A7%D8%A1-%D8%AF%D8%B1%D8%A7%D8%B3%D8%A7%D8%AA-%D8%A7%D9%84%D8%AC%D8%AF%D9%88%D9%89-%D8%B3%D8%A8%D8%A8-%D8%AA%D8%B9%D8%AB%D8%B1-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D9%86%D8%B9\">Al Mal reports<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635061\" 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=\"635061\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/egypts-ex-army-officers-pose-growing-security-threat\/\">\r\n                            Egypt's ex-army officers pose growing security threat                        <\/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\/31\/egypts-ex-army-officers-pose-growing-security-threat\/\" 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\/31\/egypts-ex-army-officers-pose-growing-security-threat\/')\">\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\/31\/egypts-ex-army-officers-pose-growing-security-threat\/\">\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's ex-army officers pose growing security threat&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/egypts-ex-army-officers-pose-growing-security-threat\/\">\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\/31\/egypts-ex-army-officers-pose-growing-security-threat\/&title=Egypt's ex-army officers pose growing security threat\">\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%27s+ex-army+officers+pose+growing+security+threat+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fegypts-ex-army-officers-pose-growing-security-threat%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\/31\/egypts-ex-army-officers-pose-growing-security-threat\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635061\" class=\"content-area-description single-story post-635061 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-national-security 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\/.6a425790-c4c1-477c-be4e-015ba5c2c78e.mp3\"><\/audio><\/figure>\n<p>Former army officers are posing a greater threat to Egypt\u2019s security than militants in the Sinai, intelligence <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-security-military-insight\/egypts-ex-army-officers-pose-growing-security-threat-idUSKBN1FJ1V8\">officials tell Reuters<\/a>. The network known as Ansar \u201cis comprised of army officers and policemen who use their training in counter-terrorism and surveillance to attack the forces they once served,\u201d they tell the newswire. They added that some 30 \u201ccaptains and lieutenants\u201d have recently joined the group, which is allegedly headed by former special forces officer-turned-jihadist Hesham al-Ashmawy, who is believed to be behind <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/08\/wahat-attacks-risk-opening-new-front-for-security-forces-reuters\/\">last year's<\/a> deadly Wahat attack.<\/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\/national-security\/\">national security<\/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=\"635062\" 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=\"635062\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/uber-expands-to-tanta-damanhour\/\">\r\n                            Uber expands to Tanta, Damanhour                        <\/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\/31\/uber-expands-to-tanta-damanhour\/\" 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\/31\/uber-expands-to-tanta-damanhour\/')\">\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\/31\/uber-expands-to-tanta-damanhour\/\">\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=Uber expands to Tanta, Damanhour&url=https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/uber-expands-to-tanta-damanhour\/\">\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\/31\/uber-expands-to-tanta-damanhour\/&title=Uber expands to Tanta, Damanhour\">\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=Uber+expands+to+Tanta%2C+Damanhour+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F01%2F31%2Fuber-expands-to-tanta-damanhour%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\/31\/uber-expands-to-tanta-damanhour\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635062\" class=\"content-area-description single-story post-635062 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam tag-on-your-way-out wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Ride-hailing app Uber announced expanding to Tanta and Damanhour <\/strong>from its existing operations in Cairo, Alexandria, and Mansoura, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/289016\/Business\/Economy\/Uber-expands-to-the-Egyptian-Delta-cities-of-Tanta.aspx\">according to Ahram Online<\/a>. \u201cThe expansion into Tanta and Damanhour ensures the presence of more job opportunities, supporting Uber\u2019s vision in creating economic opportunities in other cities in Egypt through Uber technology,\u201d Uber says. \u201cAfter the success of Uber in Mansoura, we have been on the lookout for other expansion opportunities and finally rested on Tanta and Damanhour as we believe these two cities hold great potential in terms of offering job opportunities for drivers and providing a convenient and accessible transportation service for riders,\u201d GM Abdellatif Waked says.<\/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\/on-your-way-out\/\">ON YOUR WAY OUT<\/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=\"635065\" 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=\"635065\">\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\/31\/635065\/\">\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\/31\/635065\/\" 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\/31\/635065\/')\">\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\/31\/635065\/\">\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\/31\/635065\/\">\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\/31\/635065\/&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%2F31%2F635065%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\/31\/635065\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635065\" class=\"content-area-description single-story post-635065 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 17.63 | Sell 17.73<br \/><strong>EGP \/ USD at CIB:<\/strong> Buy 17.6 | Sell 17.7<br \/><strong>EGP \/ USD at NBE: <\/strong>Buy 17.63 | Sell 17.73<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 15,316 (-0.4%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.2 bn (7% ABOVE the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +2.0%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session down 0.4%. CIB, the index\u2019s heaviest constituent, closed down 0.6%. The index\u2019s top performers were AMOC, up 3.1%; Eastern, up 1.8%; and Sidi Kerir Petrochemicals, up 1.6%. Today\u2019s worst performing stocks were TMG Holding dow 3.0%; Porto Group down 2.6%; and Orascom Telecom Media & Technology down 2.6%. Market turnover was EGP 1.2 bn, with foreign investors the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +52.9 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -1.7 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -51.3 mn<\/p>\n<p><strong>Retail<\/strong>: 65.6% of total trades | 65.5% of buyers | 65.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 34.4% of total trades | 34.5% of buyers | 34.3% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 15.5% of total | 17.6% of buyers | 13.4% of sellers<br \/>\n <strong>Regional:<\/strong> 9.5% of total | 9.4% of buyers | 9.6% of sellers<br \/>\n <strong>Domestic:<\/strong> 75.0% of total | 73.0% of buyers | 77.1% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 64.34 (-1.86%)<br \/>\n <strong>Brent:<\/strong> USD 68.81 (-0.94%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.17 MMBtu, (+0.03%, FEB 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,340.2 \/ troy ounce (-0.36%)<\/p>\n<p><strong>TASI:<\/strong> 7,631.17 (+0.83%) (YTD: +5.6%)<br \/>\n <strong>ADX:<\/strong> 4,638.75 (+0.27%) (YTD: +5.46%)<br \/>\n <strong>DFM:<\/strong> 3,439.91 (-0.44%) (YTD: +2.07%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 414.8 (-0.21%) (YTD: +3.33%)<br \/>\n <strong>QE:<\/strong> 9,328.24 (-1.29%) (YTD: +9.44%)<br \/>\n <strong>MSM:<\/strong> 5,007.65 (+0.1%) (YTD: -1.8%)<br \/>\n <strong>BB: <\/strong>1,352.26 (+0.57%) (YTD: +1.54%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"635066\" 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\/31\/635066\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-635066\" class=\"content-area-description single-story post-635066 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>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\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":635019,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-635018","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7e484b9f-8ff8-40b0-96af-d44634b0794c","teaser":"","photo_url":"https:\/\/ent.news\/2016\/2\/176.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is the nation\u2019s car market finally turning the corner? 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