{"id":640847,"date":"2017-09-06T03:54:17","date_gmt":"2017-09-06T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=640847"},"modified":"2025-12-17T17:11:59","modified_gmt":"2025-12-17T17:11:59","slug":"tourism-receipts-up-fx-backlog-down-and-were-one-step-closer-to-the-world-cup-plus-a-special-message-to-the-northampton-borough-council-from-sandor-clegane","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/tourism-receipts-up-fx-backlog-down-and-were-one-step-closer-to-the-world-cup-plus-a-special-message-to-the-northampton-borough-council-from-sandor-clegane\/","title":{"rendered":"Tourism receipts up, FX backlog down and we\u2019re one step closer to the World Cup.\r\nPlus: A special message to the Northampton Borough Council from Sandor Clegane"},"content":{"rendered":"<section id=\"640849\" 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=\"640849\">\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\/2017\/09\/06\/what-were-tracking-on-06-september-2017\/\">\r\n                            What we\u2019re tracking on 06 September 2017                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/what-were-tracking-on-06-september-2017\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/what-were-tracking-on-06-september-2017\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/what-were-tracking-on-06-september-2017\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on 06 September 2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/what-were-tracking-on-06-september-2017\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/what-were-tracking-on-06-september-2017\/&title=What we\u2019re tracking on 06 September 2017\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+06+September+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Fwhat-were-tracking-on-06-september-2017%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/what-were-tracking-on-06-september-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640849\" class=\"content-area-description single-story post-640849 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>If we seem a bit giddy this morning, it\u2019s because we\u2019re high on the run of excellent<\/strong><strong>news in the past 24 hours or so<\/strong>. From reports that the CBE has cleared its trade finance backlog, to the Russians signalling the tourists may come back (after confirmations on Daba\u2019a, of course \u2014 ah, conditionality), to Mohamed Salah\u2019s winning goal, and finally, the fruits of President Abdel Fattah El Sisi\u2019s trip to the 2017 BRICS Summit in China \u2014 we have more for you on all of this in Speed Round, below.<\/p><p>On that last note<strong>, El Sisi should be in the Vietnamese capital Hanoi today and tomorrow <\/strong>to meet with President Tran Dai Quang and other officials. Expect a number of agreements to be signed, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1186969\">according to statements<\/a> from Investment and International Cooperation Minister Sahar Nasr, who added that the two sides are looking to collaborate on fish farming and shipbuilding. The visit is the first by an Egyptian head of state since diplomatic ties were first established in 1963 and is \u201cexpected to boost the traditional partnership between the two countries in all fields,\u201d <a href=\"http:\/\/en.vietnamplus.vn\/egyptian-presidents-visit-to-mark-new-milestone-in-bilateral-ties\/117417.vnp\">says Vietnam Plus<\/a>.<\/p><p><strong>All this positivity has wanting to be optimistic about the Emirates NBD PMI reading for<\/strong><strong>August, which comes out this morning not long after we hit \u201csend\u201d<\/strong> and which can be <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">accessed here<\/a>. Here\u2019s to breaking the bad streak that has plagued the index since Morgan Freeman first learned to shave. (Note we said \u201cwanting\u201d to be optimistic.)<\/p><p><strong>Cabinet is scheduled to discuss today the executive regulations for the law on <\/strong><strong>repossession of illegally occupied land<\/strong>, Prime Minister Sherif Ismail told reporters yesterday, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1577546.aspx\">Ahram Gate reports<\/a>.<\/p><p><strong>Emerging markets got more private equity love this year than in any other since <\/strong><strong>records were first kept in 2008,<\/strong> with flows of USD 22 bn, a 50% jump <a href=\"https:\/\/www.ft.com\/content\/b5982e2e-8d61-11e7-a352-e46f43c5825d\">according to the FT<\/a>, which marshals data from the Emerging Markets Private Equity Association. More than USD 15 bn of that sum was invested in \u201cemerging Asia\u201d (China, India and South Korea) \u2014 and just USD 896 mn of it in Southeast Asia. MENA (USD 242 mn) and Africa (USD 580 mn) were on track for their worst year since 2010 \u201cwith investment targets shifting from big-ticket oil and infrastructure [transactions] to smaller, often technology-related\u201d investments.<\/p><p>Hey, investment bankers \/ sales traders \/ other friends: <strong>This is how you <\/strong><a href=\"https:\/\/www.nytimes.com\/2017\/09\/05\/smarter-living\/workplace-burnout-symptoms.html\"><strong>recognize burnout before you\u2019re burned out.<\/strong><\/a> It\u2019s a nice primer from the NYT\u2019s Smarter Living page, and we heartily endorse its final recommendation: Laugh, particularly at work. Want something a bit chattier and personal? Go read Nerd Fitness\u2019 \u201c<a href=\"https:\/\/www.nerdfitness.com\/blog\/what-happens-when-you-get-burned-out\/\">What happens when you get burned out<\/a>.\u201d<\/p><p><strong>Pink chocolate is a thing. <\/strong>But if it ain\u2019t brown and doesn\u2019t taste of classic cocoa, we\u2019re not interested. The pink stuff, called \u201cruby chocolate\u201d by Swiss chocolate maker Barry Callebut, is apparently fruity and has a \u201cruby\u201d hue (sure looks pink to us). The <a href=\"https:\/\/www.wsj.com\/articles\/barry-callebaut-unveils-ruby-red-chocolate-1504642371\">Wall Street Journal<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-09-05\/chocolate-gets-first-addition-to-color-palette-in-80-years-ruby\">Bloomberg<\/a> have coverage. We\u2019re not going to dignify it with a photo. It is no more \u201cchocolate\u201d than that white stuff is, whatever type of \u201ccocoa\u201d may be used in its manufacture.<\/p><p><strong>Our On Your Way Out section today introduces a new feature we\u2019re calling \u201cOn This <\/strong><strong>Day.\u201d<\/strong> We hope you enjoy reading it as much as we plan to enjoy researching it. Send your own submissions at least a day ahead of time to editorial@enterprise.press.<\/p><p>Oh, and <strong>we offer very warm greetings this morning to the hypocrites at the UK\u2019s <\/strong><strong>Northampton Borough Council<\/strong> in this morning\u2019s Image of the Day.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"640850\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n           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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-birkizx\" data-v=\"4\" data-block-id=\"birkizx\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-birkizx-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-birkizx-inner-blocks\">\r\n            <div 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class=\"stk-block-content stk-inner-blocks stk-pysz5w1-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-z775s0j\" data-v=\"4\" data-block-id=\"z775s0j\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-z775s0j-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-z775s0j-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" 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\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"640851\" 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=\"640851\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON THE HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/on-the-horizon-151\/\">\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\/2017\/09\/06\/on-the-horizon-151\/\" 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 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                  \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/on-the-horizon-151\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640851\" class=\"content-area-description single-story post-640851 post type-post status-publish format-standard hentry category-on-the-horizon tag-enterpriseam tag-on-the-horizon wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The 2017 Alliance for Financial Inclusion (AFI) Global Policy Forum is set for<\/strong><strong> 13-15 September in Sharm El Sheikh<\/strong>, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=05092017&id=b24f4e72-3c4e-4b13-9adf-7ae121a3f624\">according to Al Shorouk<\/a>. The Central Bank of Egypt will be welcoming central bankers and senior government officials from 94 countries and 119 international institutions, which could make the event AFI\u2019s \u201c largest and most comprehensive\u201d to date. You can check <a href=\"http:\/\/www.afi-global.org\/sites\/default\/files\/inline-files\/Draft%202017%20GPF%20Program_External_v26.pdf\">the agenda here<\/a>.<\/p>\n<p><strong>The Council of State is set to start reviewing the Investment Act\u2019s executive<\/strong><strong>regulations next week and conclude before the end of the month, <\/strong><a href=\"https:\/\/alborsanews.com\/2017\/09\/05\/1049083\">sources tell Al Borsa<\/a>. Implementation will then be pending Cabinet approval.<\/p>\n<p><strong>Diverging opinions within the US Fed on interest rate hikes:<\/strong> US Fed governors have come out with statements urging caution about the notion of raising interest rates ahead of the <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\">Fed Policy meeting on 19-20 September<\/a>. Fed governors Lael Brainard and Minneapolis Fed President Neel Kashkari have expressed reservations on a rate hike, with the central issue being continued low inflation. In a speech on Tuesday, Brainard said that the weakness of price growth over the past five years was \u201ctroubling\u201d and suggested that the Fed should be cautious about tightening further until its officials were confident inflation was back on track, <a href=\"https:\/\/www.ft.com\/content\/f752ff58-923c-11e7-a9e6-11d2f0ebb7f0\">according to the Financial Times<\/a>. Kashkari took it a step further, attacking the whole policy of money tightening over the past 18 months, saying it was doing \u201creal harm\u201d to the US economy and leading to slower job and wage growth, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-09-05\/kashkari-says-fed-may-have-harmed-u-s-economy-with-rate-hikes\">Bloomberg reports<\/a>.<\/p>\n<p><strong>Our <\/strong><a href=\"http:\/\/www.cbe.org.eg\/en\/MonetaryPolicy\/Pages\/MPCMeetingSchedule.aspx\"><strong>central bank\u2019s Monetary Policy Committee<\/strong><\/a><strong> will be meeting on 28 September <\/strong>to decide on Egypt\u2019s interest rates. We don\u2019t expect rates to be lowered until the end of the year, when the CBE can point to falling inflation thanks to the high base effect of late 2017.<\/p>\n<p><strong>Egypt to sign EUR 172 mn loan agreement with European Investment Bank:<\/strong> The Investment and International Cooperation Ministry will sign a EUR 172 mn loan agreement with the European Investment Bank this month to fund wastewater treatment projects, <a href=\"http:\/\/www.almalnews.com\/Story\/344802\/15\/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D8%A7%D9%8B-%D9%85%D8%B9-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%89\">sources tell Al Mal<\/a>. This will be on the sidelines of the <a href=\"http:\/\/www.eib.org\/infocentre\/events\/all\/med-conference-2017.htm\">EIB MED Conference<\/a> in Cairo on 13 September. The bank will also provide Egypt with a EUR 400k grant for development projects in Alexandria, sources say. You can find the event\u2019s <a href=\"http:\/\/www.eib.org\/attachments\/general\/events\/med_conf_2017_programme.pdf\">agenda here<\/a>.<\/p>\n<p><strong>Telecom Egypt will roll out <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/27\/on-the-horizon-182\/\"><strong>mobile services<\/strong><\/a><strong> nationwide this month<\/strong>, sources <a href=\"http:\/\/www.youm7.com\/story\/2017\/9\/5\/%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA-%D8%B7%D8%B1%D8%AD-%D8%AE%D8%B7%D9%88%D8%B7-%D8%A7%D9%84%D8%B4%D8%A8%D9%83%D8%A9-%D8%A7%D9%84%D8%B1%D8%A7%D8%A8%D8%B9%D8%A9-%D9%81%D9%88%D8%B1-%D8%A7%D9%84%D8%AD%D8%B5%D9%88%D9%84-%D8%B9%D9%84%D9%89-%D9%85%D9%88%D8%A7%D9%81%D9%82%D8%A7%D8%AA\/3399739\">tell Youm7<\/a>,dismissing local media reports suggesting the service will be limited to certain governorates. Commercial launch is now pending regulatory approvals and TE\u2019s numbers will start with 0155.<\/p>\n<p><strong>A UK trade delegation headed by trade envoy Sir Jeffrey Donaldson will be visiting <\/strong><strong>Egypt this month<\/strong> to discuss investments in infrastructure.<\/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=\"640852\" 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=\"640852\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/another-evening-of-miscellany\/\">\r\n                            Another evening of miscellany.                        <\/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\/2017\/09\/06\/another-evening-of-miscellany\/\" 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\/2017\/09\/06\/another-evening-of-miscellany\/')\">\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\/2017\/09\/06\/another-evening-of-miscellany\/\">\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=Another evening of miscellany.&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/another-evening-of-miscellany\/\">\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\/2017\/09\/06\/another-evening-of-miscellany\/&title=Another evening of miscellany.\">\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=Another+evening+of+miscellany.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Fanother-evening-of-miscellany%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\/2017\/09\/06\/another-evening-of-miscellany\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640852\" class=\"content-area-description single-story post-640852 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>The majority of the talking heads were still off enjoying the last days of summer, leaving us with yet another evening of miscellany.<\/p>\n<p><strong>The resumption of the Bright Star military exercises<\/strong> after its eight-year suspension is an indicator that US-Egypt ties are warming up significantly and returning to pre-2011 levels, Gen. Nasr Salem, a professor of strategic sciences at Nasser Military Academy, told OnLive. The fact that the exercises will resume just a few short weeks after the US decided to withhold some of its aid to Egypt is further proof that the aid is not the only barometer of relations between the two sides (<a href=\"https:\/\/www.youtube.com\/watch?v=yrWCCCiI51U\">watch, runtime 6:05<\/a>).<\/p>\n<p><strong>Defending Dabaa: <\/strong>Over on Sada El Balad, Hussein El Shafie, the head of the Egyptian-Russian Foundation for Culture and Science, defended the Dabaa nuclear power plant, saying the plant\u2019s reactors will be operational and Egypt will be selling the power produced from the plant by 2023, while the first installment of the loan is not due until 2029. The four reactors are also expected to reel in USD 264 bn for state coffers over their 60-year lifespan. El Shafie says operating the plant will require no more than 5% of the fuel that would normally be required for gas-fired power plants (<a href=\"https:\/\/www.youtube.com\/watch?v=euodaHY53GY\">watch, runtime 9:03<\/a>).<\/p>\n<p>And, of course, folks commented on <strong>the national team\u2019s World Cup qualifier victory last <\/strong><strong>night<\/strong>, none of them holding a candle to football superfan and Chief of Bombast Amr Adib, who remains on vacation.<\/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=\"640853\" 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=\"640853\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypt-has-cleared-its-fx-backlog\/\">\r\n                            Egypt has cleared its FX backlog                        <\/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\/2017\/09\/06\/egypt-has-cleared-its-fx-backlog\/\" 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\/2017\/09\/06\/egypt-has-cleared-its-fx-backlog\/')\">\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\/2017\/09\/06\/egypt-has-cleared-its-fx-backlog\/\">\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 has cleared its FX backlog&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypt-has-cleared-its-fx-backlog\/\">\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\/2017\/09\/06\/egypt-has-cleared-its-fx-backlog\/&title=Egypt has cleared its FX backlog\">\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+has+cleared+its+FX+backlog+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Fegypt-has-cleared-its-fx-backlog%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\/2017\/09\/06\/egypt-has-cleared-its-fx-backlog\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640853\" class=\"content-area-description single-story post-640853 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>Egypt has cleared its import, trade-finance FX backlog:<\/strong> In another milestone of the nascent economic recovery, Egypt has managed to clear its multi-bn USD FX backlog for imports and trade financing, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-09-05\/egypt-clears-multibillion-dollar-backlog-as-fx-crisis-fades\">an unnamed CBE official tells Bloomberg<\/a>. Some USD 49 bn of trade-financing transactions were cleared between the EGP float and August, including USD 2.1 bn in requests made by importers and other businesses seeking to settle temporary overdrafts, the official said. Some USD 552 mn has been made available to foreign companies seeking to repatriate profits, following the CBE\u2019s announcement that USD 1.2 bn in pending requests by multinationals have been cleared. \u201c<strong>The figures confirm the economy is recovering and is increasingly able to generate more of its FX needs<\/strong>,\u201d said Arqaam Capital\u2019s Reham El Desoki. Increased transparency from the CBE, in line with its commitments to the IMF, would help reassure investors, she said. Net FX reserves reached their highest point ever in July, jumping to USD 36 bn, with the government expecting this number to rise this month, according to statements by Prime Minister Sherif Ismail yesterday, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1187321\">AMAY 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\/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=\"640863\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"640864\" 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=\"640864\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/china-could-have-an-important-role-to-play-in-middle-eastern-diplomacy-to-see-belt-road-initiative-succeed\/\">\r\n                            China could have \u201can important role to play in Middle Eastern diplomacy\u201d to see Belt &#038; Road Initiative succeed                        <\/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\/2017\/09\/06\/china-could-have-an-important-role-to-play-in-middle-eastern-diplomacy-to-see-belt-road-initiative-succeed\/\" 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\/2017\/09\/06\/china-could-have-an-important-role-to-play-in-middle-eastern-diplomacy-to-see-belt-road-initiative-succeed\/')\">\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\/2017\/09\/06\/china-could-have-an-important-role-to-play-in-middle-eastern-diplomacy-to-see-belt-road-initiative-succeed\/\">\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=China could have \u201can important role to play in Middle Eastern diplomacy\u201d to see Belt &#038; Road Initiative succeed&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/china-could-have-an-important-role-to-play-in-middle-eastern-diplomacy-to-see-belt-road-initiative-succeed\/\">\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\/2017\/09\/06\/china-could-have-an-important-role-to-play-in-middle-eastern-diplomacy-to-see-belt-road-initiative-succeed\/&title=China could have \u201can important role to play in Middle Eastern diplomacy\u201d to see Belt &#038; Road Initiative succeed\">\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=China+could+have+%E2%80%9Can+important+role+to+play+in+Middle+Eastern+diplomacy%E2%80%9D+to+see+Belt+%26%23038%3B+Road+Initiative+succeed+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Fchina-could-have-an-important-role-to-play-in-middle-eastern-diplomacy-to-see-belt-road-initiative-succeed%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\/2017\/09\/06\/china-could-have-an-important-role-to-play-in-middle-eastern-diplomacy-to-see-belt-road-initiative-succeed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640864\" class=\"content-area-description single-story post-640864 post type-post status-publish format-standard hentry category-the-macro-picture tag-enterpriseam tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>China could have \u201can important role to play in Middle Eastern diplomacy,\u201d<\/strong> especially if it wants to see the Belt and Road initiative run smoothly, Euan Austin <a href=\"https:\/\/themarketmogul.com\/belt-road-initiative\/?hvid=4kF1sK\">writes for the Market Moghul<\/a><strong>. <\/strong>\u201cWhilst China and the Middle East are in an economic matrimony, Middle Eastern states themselves are struggling following a bitter divorce,\u201d Austin says, pointing to Saudi Arabia and Iran\u2019s animosity and the diplomatic rift between Qatar and its neighbors as obstacles to China\u2019s prospects in the region.<\/p>\n<p>Even though Beijing\u2019s foreign policy has always steered clear of meddling in others\u2019 affairs, the <strong>Chinese could take a leaf out of Russia\u2019s book for this one,<\/strong> using their influence as a major economic player to \u201cforce actors in the Middle East to cooperate.\u201d Oil, for example, could hold a lot of sway. The author notes that China is vital to the Middle East\u2019s oil economy, pointing out \u2014 in the Saudi Arabian case specifically \u2014 that \u201cif Beijing was to accelerate its domestic oil output decline, or buy GCC oil to store in their Strategic Petroleum Reserve, then the situation in the Middle East could improve.\u201d<\/p>\n<p>By getting more Middle Eastern countries to sign on to the Shanghai Cooperation Organisation and the Asian Infrastructure Investment Bank as well, \u201c<strong>China could stick by their principles and step into the power vacuum to become the Middle East\u2019s economic leader.\u201d<\/strong><\/p><\/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-macro-picture\/\">THE MACRO PICTURE<\/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=\"640865\" 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=\"640865\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/uk-council-that-sold-ancient-sekhemka-statue-over-egypts-objections-wants-to-promote-its-cultural-reputation-theres-a-word-for-people-like-that\/\">\r\n                            UK council that sold ancient Sekhemka statue over Egypt\u2019s objections wants to promote its cultural reputation; there\u2019s a word for people like that\u2026                        <\/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\/2017\/09\/06\/uk-council-that-sold-ancient-sekhemka-statue-over-egypts-objections-wants-to-promote-its-cultural-reputation-theres-a-word-for-people-like-that\/\" 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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there\u2019s a word for people like that\u2026&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/uk-council-that-sold-ancient-sekhemka-statue-over-egypts-objections-wants-to-promote-its-cultural-reputation-theres-a-word-for-people-like-that\/\">\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\/2017\/09\/06\/uk-council-that-sold-ancient-sekhemka-statue-over-egypts-objections-wants-to-promote-its-cultural-reputation-theres-a-word-for-people-like-that\/&title=UK council that sold ancient Sekhemka statue over Egypt\u2019s objections wants to promote its cultural reputation; there\u2019s a word for people like that\u2026\">\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=UK+council+that+sold+ancient+Sekhemka+statue+over+Egypt%E2%80%99s+objections+wants+to+promote+its+cultural+reputation%3B+there%E2%80%99s+a+word+for+people+like+that%E2%80%A6+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Fuk-council-that-sold-ancient-sekhemka-statue-over-egypts-objections-wants-to-promote-its-cultural-reputation-theres-a-word-for-people-like-that%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\/2017\/09\/06\/uk-council-that-sold-ancient-sekhemka-statue-over-egypts-objections-wants-to-promote-its-cultural-reputation-theres-a-word-for-people-like-that\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/971.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"640866\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/uk-council-that-sold-ancient-sekhemka-statue-over-egypts-objections-wants-to-promote-its-cultural-reputation-theres-a-word-for-people-like-that\/971-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/971.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"971.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/971.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/971.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640865\" class=\"content-area-description single-story post-640865 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>First, you sell our cultural heritage. Now, you want to promote your own \u201crich and <\/strong><strong>diverse heritage\u201d? <\/strong>The UK\u2019s Northampton Borough Council, which sold an ancient Egyptian statue of the scribe Sekhemka in 2014, says it wants to promote its global cultural reputation, <a href=\"http:\/\/www.bbc.com\/news\/uk-england-northamptonshire-41123011\">according to BBC<\/a>. The council says it wants to \u201ccome up with an \u2018action plan\u2019 to promote the town internationally,\u201d noting that Northampton has a \u201crich and diverse heritage.\u201d The council had <a href=\"https:\/\/enterprise.press\/stories\/2015\/10\/04\/1775\/\">come under fire<\/a> after selling the statue for GBP 15.67 mn to an anonymous buyer to finance an extension to the town\u2019s museum and art gallery. Egypt fiercely opposed the sale and had launched fundraising attempts to purchase the statue at the museum\u2019s auction.<\/p>\n<p><strong>There\u2019s a word for people like this<\/strong> \u2014 one we can\u2019t use it in a family-friendly publication such as Enterprise. <a href=\"https:\/\/www.youtube.com\/watch?v=wgjuZYvqprY&feature=youtu.be&t=20\"><strong>But The Hound can do it for us<\/strong><\/a> (language advisory is in effect here, folks, if the kiddies or your boss are in earshot).<\/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\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"640867\" 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=\"640867\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypts-victory-against-uganda-tops-coverage-in-the-foreign-press\/\">\r\n                            Egypt\u2019s victory against Uganda tops coverage in the foreign press                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypts-victory-against-uganda-tops-coverage-in-the-foreign-press\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypts-victory-against-uganda-tops-coverage-in-the-foreign-press\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypts-victory-against-uganda-tops-coverage-in-the-foreign-press\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s victory against Uganda tops coverage in the foreign press&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypts-victory-against-uganda-tops-coverage-in-the-foreign-press\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypts-victory-against-uganda-tops-coverage-in-the-foreign-press\/&title=Egypt\u2019s victory against Uganda tops coverage in the foreign press\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+victory+against+Uganda+tops+coverage+in+the+foreign+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Fegypts-victory-against-uganda-tops-coverage-in-the-foreign-press%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypts-victory-against-uganda-tops-coverage-in-the-foreign-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640867\" class=\"content-area-description single-story post-640867 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping coverage of Egypt in the international press this morning is our tough<\/strong><strong>win against Uganda<\/strong> in the fourth leg of the African qualifiers for the World Cup 2018, with the likes of <a href=\"http:\/\/af.reuters.com\/article\/africaSoccerNews\/idAFL8N1LM61Z\">Reuters<\/a>and the <a href=\"http:\/\/www.bbc.com\/sport\/football\/41167743\">BBC<\/a> noting Mohamed Salah\u2019s goal.<\/p>\n<p><strong>The Egyptian Commission for Rights and Freedoms says the government has started <\/strong><strong>blocking its website since yesterday<\/strong>, according to the <a href=\"https:\/\/apnews.com\/86948df640b84589bab0d2d710fc8378\/Egypt-blocks-website-of-leading-rights-group\">Associated Press<\/a>. The rights group says it will \u201ccontinue publishing its reports on human rights abuses on other platforms, including its Facebook page\u201d and calls the move a \u201cnew attack\u201d on free speech.<\/p>\n<p><strong>A group of 20 Egyptians are working to preserve what is left of the country\u2019s Jewish <\/strong><strong>heritage<\/strong> in hopes of \u201creopening a page of history that was deleted from [Egypt\u2019s] textbooks,\u201d <a href=\"https:\/\/www.economist.com\/news\/middle-east-and-africa\/21728590-egypts-leaders-have-increased-their-outreach-shrinking-jewish\">The Economist says<\/a>. Founded by 65-year-old Magda Haroun, Drop of Milk has plans to turn Egypt\u2019s 12 surviving synagogues into cultural centers and historical exhibitions, in addition to protecting other Jewish sites such as a cemetery in Cairo. While Haroun is the only Jewish member of the group, many others were born to Jewish fathers who converted to Islam under Gamal Abdel Nasser\u2019s rule.<\/p>\n<p>Also worth a skim today:<\/p>\n<ul type=\"disc\">\n<li><strong>An Armenian tourist stabbed during a July knife attack on a Hurghada beach <\/strong><strong>has returned home<\/strong>, the Armenian Foreign Ministry said, <a href=\"http:\/\/arka.am\/en\/news\/tourism\/armenian_woman_wounded_in_egypt_brought_home_for_further_treatment\/\">Yerevan-based Arka reports<\/a>. <\/li>\n<li><strong>The government\u2019s efforts to integrate Syrian students in Egyptian schools are <\/strong><strong>diverse and comprehensive<\/strong>, <a href=\"http:\/\/www.al-monitor.com\/pulse\/originals\/2017\/09\/egypt-syrian-students-classes-education-government-efforts.html\">Ahmed Aleem writes for Al-Monitor<\/a>. These include the \u201cEducation in a Safe Environment\u201d project \u2014 an initiative put forward by the Plan International organization, in coordination with the Canadian Embassy.<\/li>\n<li><strong>Egyptian filmmaker Amr Salama is planning a rebuttal to Clint Eastwood\u2019s racist take on the Iraq War in \u201cAmerican Sniper\u201d<\/strong> with a film from the Iraqi side of things, <a href=\"https:\/\/www.washingtonpost.com\/news\/worldviews\/wp\/2017\/09\/05\/iraqi-sniper-why-an-egyptian-director-is-writing-a-film-about-chris-kyles-nemesis\/?utm_term=.377273295015\">Washington Post reports<\/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=\"640868\" 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=\"640868\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/a-thorough-reminder-of-parliaments-shortcomings\/\">\r\n                            A (thorough) reminder of parliament\u2019s shortcomings                        <\/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\/2017\/09\/06\/a-thorough-reminder-of-parliaments-shortcomings\/\" 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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Although MPs boasted about the volume of legislation that passed over the past year, it\u2019s important to note that many of these laws were hardly discussed despite their significance, and many were also rubber-stamped despite their being detrimental to the country. This is to say nothing of our elected representatives\u2019 failure to actually represent their constituents, and instead invariably act in accordance with the executive branch of government. As a result, Abdel Aal says, parliament\u2019s main role as a watchdog has been entirely eroded, allowing the government to take important decisions such as signing the IMF loan agreement and lifting fuel subsidies (twice) without waiting for MPs\u2019 approval.<\/p>\n<p><strong>Yes, ladies and gentlemen, that\u2019s the path to Economic Nirvana: <\/strong>Leave the decisionmaking up to our brave elected representatives, who will surely get around to fixing all our woes when not volunteering themselves for hazardous assignments in Amreeka.<\/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=\"640869\" 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=\"640869\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/\">\r\n                            Investors pouring money into urban flight                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Investors pouring money into urban flight&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/&title=Investors pouring money into urban flight\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Investors+pouring+money+into+urban+flight+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Finvestors-pouring-money-into-urban-flight%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/341.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"640870\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/341-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/341.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"341.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/341.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/341.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640869\" class=\"content-area-description single-story post-640869 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>\u201cMeet George Jetson\u201d:<\/strong> Lilium, a German startup formed two years ago, is planning on bringing the Jetsons\u2019 fully electrical flying taxi to life. The company launched a successful test flight back in April (<a href=\"https:\/\/www.youtube.com\/watch?v=ohig71bwRUE\">watch, runtime: 1:53<\/a>), with its two-seater plane reaching a speed of 300 km\/h at traveling at a range of 300 km. The company is at the forefront of an investment bonanza in urban air travel. Lilium has raised USD 100 mn in total to develop a five-seater from the likes of Chinese social media giant Tencent, Skype founder Niklas Zennstr\u00f6m\u2019s Atomico, and Twitter co-founder Ev Williams\u2019 Obvious Ventures, <a href=\"https:\/\/www.ft.com\/content\/e1f443c8-91a2-11e7-bdfa-eda243196c2c\">the FT reports<\/a>. The company faces stiff competition, as German carmaker Daimler joined a consortium to invest EUR 25 mn in Volocopter, while Uber and Airbus also pouring into their own rival products.<\/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=\"640871\" 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=\"640871\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypt-mercosur-fta-to-come-into-effect-before-end-of-2017-sources\/\">\r\n                            Egypt-Mercosur FTA to come into effect before end of 2017 -sources                        <\/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\/2017\/09\/06\/egypt-mercosur-fta-to-come-into-effect-before-end-of-2017-sources\/\" 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\/2017\/09\/06\/egypt-mercosur-fta-to-come-into-effect-before-end-of-2017-sources\/')\">\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\/2017\/09\/06\/egypt-mercosur-fta-to-come-into-effect-before-end-of-2017-sources\/\">\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-Mercosur FTA to come into effect before end of 2017 -sources&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/egypt-mercosur-fta-to-come-into-effect-before-end-of-2017-sources\/\">\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\/2017\/09\/06\/egypt-mercosur-fta-to-come-into-effect-before-end-of-2017-sources\/&title=Egypt-Mercosur FTA to come into effect before end of 2017 -sources\">\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-Mercosur+FTA+to+come+into+effect+before+end+of+2017+-sources+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Fegypt-mercosur-fta-to-come-into-effect-before-end-of-2017-sources%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\/2017\/09\/06\/egypt-mercosur-fta-to-come-into-effect-before-end-of-2017-sources\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640871\" class=\"content-area-description single-story post-640871 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\u2019s freetrade agreement with Mercosur countries will come into effect before <\/strong><strong>year\u2019s end<\/strong>, unnamed Trade and Industry Ministry officials <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1187090\">tell Al Masry Al Youm<\/a>. The agreement, which was meant to <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/24\/on-the-horizon-163\/\">take effect in August<\/a>, is expected to lower prices within various sectors, including auto manufacturing and food production, the sources added. The agreement also covers industrial supplies and auto parts, reducing some tariffs by up to 60% for a 10-year period, which worries some local manufacturers of the goods about future competitiveness.<\/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=\"640874\" 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=\"640874\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/pharos-holdings-bid-for-ndcs-upcoming-egx-listing\/\">\r\n                            Pharos Holdings bid for NDC\u2019s upcoming EGX listing                        <\/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\/2017\/09\/06\/pharos-holdings-bid-for-ndcs-upcoming-egx-listing\/\" 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\/2017\/09\/06\/pharos-holdings-bid-for-ndcs-upcoming-egx-listing\/')\">\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\/2017\/09\/06\/pharos-holdings-bid-for-ndcs-upcoming-egx-listing\/\">\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=Pharos Holdings bid for NDC\u2019s upcoming EGX listing&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/pharos-holdings-bid-for-ndcs-upcoming-egx-listing\/\">\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\/2017\/09\/06\/pharos-holdings-bid-for-ndcs-upcoming-egx-listing\/&title=Pharos Holdings bid for NDC\u2019s upcoming EGX listing\">\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=Pharos+Holdings+bid+for+NDC%E2%80%99s+upcoming+EGX+listing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Fpharos-holdings-bid-for-ndcs-upcoming-egx-listing%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\/2017\/09\/06\/pharos-holdings-bid-for-ndcs-upcoming-egx-listing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640874\" class=\"content-area-description single-story post-640874 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<p>Pharos Holdings is reportedly bidding to manage the National Drilling Company\u2019s (NDC) upcoming share offering on the EGX, which is necessary for the company to meet new listing regulations handed down by the Egyptian Financial Supervisory Authority (EFSA) in July, <a href=\"http:\/\/www.almalnews.com\/Story\/344806\/11\/%D9%81%D8%A7%D8%B1%D9%88%D8%B3-%D8%AA%D8%B9%D8%B1%D8%B6-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%AA%D9%88%D9%81%D9%8A%D9%82-%D8%A3%D9%88%D8%B6%D8%A7%D8%B9-%D8%A7%D9%84%D8%AD%D9%81%D8%B1-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9\">sources tell Al Mal<\/a>. The <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/01\/what-were-tracking-on-01-august-2017\/\">new regulations<\/a> \u2014 former EFSA Chairman Sherif Samy\u2019s parting gift \u2014 stipulate that listed companies have at least 5% of their share in freefloat or face delisting. The NDC is wholly-owned by Chairman Ahmed Rashad and his family, the newspaper notes. <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/\">EFSA had named 30 companies<\/a> that need to comply with the amendments, including the NDC, Orange Egypt, QNB, Bank ABC, and the National Cement Company.<\/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=\"640876\" 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=\"640876\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/eni-asks-to-drill-its-eighth-well-away-from-zohr-gas-fields-first-phase\/\">\r\n                            Eni asks to drill its eighth well away from Zohr gas field\u2019s first phase                        <\/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\/2017\/09\/06\/eni-asks-to-drill-its-eighth-well-away-from-zohr-gas-fields-first-phase\/\" 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\/2017\/09\/06\/eni-asks-to-drill-its-eighth-well-away-from-zohr-gas-fields-first-phase\/')\">\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\/2017\/09\/06\/eni-asks-to-drill-its-eighth-well-away-from-zohr-gas-fields-first-phase\/\">\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=Eni asks to drill its eighth well away from Zohr gas field\u2019s first phase&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/eni-asks-to-drill-its-eighth-well-away-from-zohr-gas-fields-first-phase\/\">\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\/2017\/09\/06\/eni-asks-to-drill-its-eighth-well-away-from-zohr-gas-fields-first-phase\/&title=Eni asks to drill its eighth well away from Zohr gas field\u2019s first phase\">\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=Eni+asks+to+drill+its+eighth+well+away+from+Zohr+gas+field%E2%80%99s+first+phase+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Feni-asks-to-drill-its-eighth-well-away-from-zohr-gas-fields-first-phase%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\/2017\/09\/06\/eni-asks-to-drill-its-eighth-well-away-from-zohr-gas-fields-first-phase\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640876\" class=\"content-area-description single-story post-640876 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<p>Eni has requested permission from the Egyptian Natural Gas Holding Company (EGAS) to drill its eighth well in Zohr away from the first phase development area of the gas field to confirm the size of the field\u2019s reserves, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=05092017&id=553fb557-bf4d-4267-8c12-6e27d45a4111\">Al Shorouk reports<\/a>. EGAS has yet to reach a decision, a source from the regulator said. The Oil Ministry had <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/22\/work-at-zohr-gas-field-83-5-complete\/\">announced last month<\/a> that seven of the eight wells were drilled and producing, and that overall work on the field was 83.5% complete as of August. Zohr is expected to be fully developed <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/01\/saipem-petrobel-finalize-usd-900-mn-zohr-related-contracts\/\">by the end of 2018<\/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\/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=\"640877\" 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=\"640877\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/elsewedy-electric-unit-signs-egp-620-mn-agreement-with-el-mostakbal-urban-development\/\">\r\n                            Elsewedy Electric unit signs EGP 620 mn agreement with El Mostakbal Urban Development                        <\/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\/2017\/09\/06\/elsewedy-electric-unit-signs-egp-620-mn-agreement-with-el-mostakbal-urban-development\/\" 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\/2017\/09\/06\/elsewedy-electric-unit-signs-egp-620-mn-agreement-with-el-mostakbal-urban-development\/')\">\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\/2017\/09\/06\/elsewedy-electric-unit-signs-egp-620-mn-agreement-with-el-mostakbal-urban-development\/\">\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=Elsewedy Electric unit signs EGP 620 mn agreement with El Mostakbal Urban Development&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/elsewedy-electric-unit-signs-egp-620-mn-agreement-with-el-mostakbal-urban-development\/\">\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\/2017\/09\/06\/elsewedy-electric-unit-signs-egp-620-mn-agreement-with-el-mostakbal-urban-development\/&title=Elsewedy Electric unit signs EGP 620 mn agreement with El Mostakbal Urban Development\">\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=Elsewedy+Electric+unit+signs+EGP+620+mn+agreement+with+El+Mostakbal+Urban+Development+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Felsewedy-electric-unit-signs-egp-620-mn-agreement-with-el-mostakbal-urban-development%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\/2017\/09\/06\/elsewedy-electric-unit-signs-egp-620-mn-agreement-with-el-mostakbal-urban-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640877\" class=\"content-area-description single-story post-640877 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<p>Elsewedy Electric\u2019s Trading & Distribution unit signed a EGP 620 mn agreement with <a href=\"http:\/\/mostakbal-re.com\/ar\/\">El Mostakbal Urban Development<\/a> that will see it establish electricity and communications infrastructure for sections of the Mostakbal City project, <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%89%20%D8%A8%D9%8A%D8%A7%D9%86%2005-09-2017.pdf\">according to an EGX filing (pdf)<\/a>. Work should be complete within 18 months. The Mostakbal City project is being developed near the new administrative capital. <a href=\"http:\/\/af.reuters.com\/article\/commoditiesNews\/idAFFWN1LM01N?feedType=RSS&feedName=egyptNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAfricaEgyptNews+%28News+%2F+Africa+%2F+Egypt+News%29\">Reuters took note of the agreement<\/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\/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=\"640879\" 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=\"640879\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/\">\r\n                            Gov\u2019t stepping up wheat purchases to account for drop in private sector\u2019s                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/\" 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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Government wheat purchases increased 80% y-o-y for the first seven months and GASC says it aims to buy 7 mn tonnes of wheat in FY2017-18, up from 6 mn tonnes the last fiscal year. \u201cThe [7 mn] tonnes is the normal now as they have to fill the old fake numbers,\u201d said Hesham Soliman, president of Medstar for Trading. Reuters notes that \u201cwheat buying has moved away from the private sector in the aftermath of reforms brought in this year barring private dealers smuggling foreign wheat into the local harvest to collect on subsidies.\u201d<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"640881\" 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=\"640881\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/orthomed-e-to-open-new-factory-in-sixth-of-october\/\">\r\n                            Orthomed E to open new factory in Sixth of 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\/2017\/09\/06\/orthomed-e-to-open-new-factory-in-sixth-of-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\/2017\/09\/06\/orthomed-e-to-open-new-factory-in-sixth-of-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\/2017\/09\/06\/orthomed-e-to-open-new-factory-in-sixth-of-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=Orthomed E to open new factory in Sixth of October&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/orthomed-e-to-open-new-factory-in-sixth-of-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\/2017\/09\/06\/orthomed-e-to-open-new-factory-in-sixth-of-october\/&title=Orthomed E to open new factory in Sixth of 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=Orthomed+E+to+open+new+factory+in+Sixth+of+October+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Forthomed-e-to-open-new-factory-in-sixth-of-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\/2017\/09\/06\/orthomed-e-to-open-new-factory-in-sixth-of-october\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640881\" class=\"content-area-description single-story post-640881 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Medical supplier Orthomed E is expecting to open a new EGP 60 mn medical equipment factory in Sixth of October next year, <a href=\"https:\/\/alborsanews.com\/2017\/09\/05\/1049170\">according to Al Borsa<\/a>. The facility will rely on locally sourced goods and will save the company nearly USD 3 mn in imported raw materials. The company exports 30% of its goods regionally and to the EU.<\/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\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"640883\" 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=\"640883\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/ebrd-launches-literature-prize-for-literary-fiction-translated-to-english-from-its-countries-of-operation\/\">\r\n                            EBRD launches literature prize for literary fiction translated to English from its countries of operation                        <\/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\/2017\/09\/06\/ebrd-launches-literature-prize-for-literary-fiction-translated-to-english-from-its-countries-of-operation\/\" 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\/2017\/09\/06\/ebrd-launches-literature-prize-for-literary-fiction-translated-to-english-from-its-countries-of-operation\/')\">\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\/2017\/09\/06\/ebrd-launches-literature-prize-for-literary-fiction-translated-to-english-from-its-countries-of-operation\/\">\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=EBRD launches literature prize for literary fiction translated to English from its countries of operation&url=https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/ebrd-launches-literature-prize-for-literary-fiction-translated-to-english-from-its-countries-of-operation\/\">\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\/2017\/09\/06\/ebrd-launches-literature-prize-for-literary-fiction-translated-to-english-from-its-countries-of-operation\/&title=EBRD launches literature prize for literary fiction translated to English from its countries of operation\">\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=EBRD+launches+literature+prize+for+literary+fiction+translated+to+English+from+its+countries+of+operation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F09%2F06%2Febrd-launches-literature-prize-for-literary-fiction-translated-to-english-from-its-countries-of-operation%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\/2017\/09\/06\/ebrd-launches-literature-prize-for-literary-fiction-translated-to-english-from-its-countries-of-operation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640883\" class=\"content-area-description single-story post-640883 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The European Bank for Reconstruction and Development (EBRD), in <\/strong><strong>partnership with the British Council, <\/strong><a href=\"http:\/\/www.ebrd.com\/news\/2017\/ebrd-launches-its-first-literature-prize.html\"><strong>is launching a literature prize<\/strong><\/a> that will be granted to this year\u2019s best work of literary fiction from the Bank\u2019s countries of operations translated into English. The prize aims to \u201crecognise and promote the extraordinary richness, depth and variety of culture and history in the countries where the Bank invests. The award aims to underscore the importance of writers in reflecting the aspirations and challenges facing people across these regions.\u201d The first prize is worth EUR 20,000, to be split between the winning author and translator. Two runners-up and their translators will receive EUR 1,000 each. EBRD says \u201csubmission may only be made by UK-based publishers for books translated for the first time in the period between 1 October 2016 and 30 September 2017.\u201d<\/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<section id=\"640886\" 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=\"640886\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/640886\/\">\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\/2017\/09\/06\/640886\/\" 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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CIB, the index heaviest constituent closed down 0.4%. EGX30\u2019s top performing constituents were: Porto Group up 5.1%; Egyptian Resorts up 3.9%, and Qalaa Holdings up 3.2%. Yesterday\u2019s worst performing stocks were: Global Telecom down 3.0%; Sidi Kerir Petrochemicals down 0.6%; and Cairo Oils and Soap down 0.4%. The market turnover was EGP 624 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long| EGP +91.4 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -76.6 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -14.8 mn<\/p>\n<p><strong>Retail<\/strong>: 60.6% of total trades | 58.3% of buyers | 62.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 39.4% of total trades | 41.7% of buyers | 37.1% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 24.8% of total | 32.2% of buyers | 17.5% of sellers<br \/>\n <strong>Regional:<\/strong> 10.0% of total | 3.8% of buyers | 16.1% of sellers<br \/>\n <strong>Domestic:<\/strong> 65.2% of total | 64.0% of buyers | 66.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 48.55 (+2.66%)<br \/>\n <strong>Brent:<\/strong> USD 53.14 (+1.53%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.98 MMBtu, (-3.06%, October 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,346.3 \/ troy ounce (+1.2%)<br\n<strong>TASI:<\/strong> 7,258.64 (-0.04%) (YTD: +0.67%)<br \/>\n <strong>ADX:<\/strong> 4,478.73 (-0.06%) (YTD: -1.49%)<br \/>\n <strong>DFM:<\/strong> 3,624.15 (-0.3%) (YTD: +2.64%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 432.21 (+0.38%) (YTD: +13.71%)<br \/>\n <strong>QE:<\/strong> 8,800.56 (-0.66%) (YTD: -15.68%)<br \/>\n <strong>MSM:<\/strong> 5,063.11 (+0.21%) (YTD: -12.44%)<br \/>\n <strong>BB: <\/strong>1,302.46 (+0.28%) (YTD: +6.72%)<\/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=\"640887\" 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\/2017\/09\/06\/640887\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-640887\" class=\"content-area-description single-story post-640887 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>September \u2014 The House of Representatives is due to begin discussion of the proposed bankruptcy bill.<\/p>\n<p>06 September (Wednesday): The Emirates NBD Egypt PMI report for August released.<\/p>\n<p>06-09 September (Wednesday-Saturday): 2017 China-Arab States Expo (Egypt is the Guest of Honor), Ningxia, China.<\/p>\n<p>08-09 September (Friday-Saturday): Educate Me's Conference for Egyptian Education (<a href=\"https:\/\/www.mo3allemconference.com\/\">Mo'allem<\/a>), AUC, Cairo<\/p>\n<p>11 September (Monday): Japanese Foreign Minister Taro Kono is scheduled to visit Cairo to participate in the Arab-Japanese dialogue session at the Arab League, according to a <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/1661283043943635\">Foreign Ministry statement<\/a>.<\/p>\n<p>13 September (Wednesday): <a href=\"http:\/\/www.eib.org\/infocentre\/events\/all\/med-conference-2017.htm\">EIB MED Conference<\/a>: Boosting investments in the Mediterranean Region, Cairo.<\/p>\n<p>13-15 September (Wednesday-Friday): 2017 Alliance for Financial Inclusion <a href=\"http:\/\/www.afi-global.org\/global-policy-forum\">Global Policy Forum<\/a>, International Congress Center, Sharm El Sheikh.<\/p>\n<p>15-18 September (Friday-Monday): <a href=\"https:\/\/allevents.in\/sharm%20el-sheikh\/sharm-travel-market\/116093945686313\">Sharm Travel Market<\/a>, venue TBD, Sharm El Sheikh.<\/p>\n<p>18-19 September (Monday-Tuesday): <a href=\"http:\/\/www.euromoneyconferences.com\/egypt.html?PageID=206706&SeriesID=11\">Euromoney Egypt conference<\/a>, venue TBD, Cairo.<\/p>\n<p>19 September (Tuesday): Deadline for applications for funding under the <a href=\"https:\/\/www.britishcouncil.org\/education\/science\/current-opportunities\/newton-institutional-links-july-2017\">Newton Institutional Links<\/a> programme.<\/p>\n<p>20-23 September (Wednesday-Saturday): 2017 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>22 September (Friday): Islamic New Year, national holiday (TBC).<\/p>\n<p>22-24 September (Friday-Sunday): <a href=\"https:\/\/www.facebook.com\/CairoComix\/\">CairoComix Festival<\/a>, AUC Tahrir Campus, Cairo.<\/p>\n<p>25-27 September (Monday-Wednesday): <a href=\"http:\/\/egypt.wraconferences.com\/\">Egypt Downstream Summit and Exhibition<\/a>, Kempinski Royal Maxim Palace, Cairo.<\/p>\n<p>23-25 September (Saturday-Monday): <a href=\"http:\/\/investinafrica2017.com\/4.html\">Invest In Africa Conference and Exhibitors Summit<\/a>, Gala Theater Complex, Cairo.<\/p>\n<p>28 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee to review policy rates.<\/p>\n<p>03-05 October (Tuesday-Thursday): J.P. Morgan\u2019s <a href=\"https:\/\/www.jpmorgan.com\/country\/US\/EN\/detail\/1395980361643\">Credit and Equities Emerging Markets Conference<\/a>, London, UK.<\/p>\n<p>06 October (Friday): Armed Forces Day, national holiday.<\/p>\n<p>11-12 October (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/en-us\/\">2030 Mega Projects Conference<\/a>, Nefertiti Hall, Cairo International Convention Center, Cairo.<\/p>\n<p>11-13 October (Wednesday-Friday): <a href=\"http:\/\/www.marailshow.com\/en-us\/\">Middle East and Africa Rail Show<\/a>, Cairo International Convention Center, Cairo.<\/p>\n<p>15-16 October (Sunday-Monday): <a href=\"http:\/\/www.thepworld.com\/event\/marketing-kingdom-cairo-3-conference-awards?utm_source=Digital+Boom&utm_campaign=c81ff650a3-EMAIL_CAMPAIGN_2017_08_27&utm_medium=email&utm_term=0_397c357c7a-c81ff650a3-278460881\">The Marketing Kingdom Cairo 3<\/a> conference, Dusit Thani Lakeview Hotel, Cairo.<\/p>\n<p>17 October (Tuesday): <a href=\"http:\/\/narrativesummit.com\/\">The Narrative PR Summit<\/a>, Four Seasons Nile Plaza, Cairo.<\/p>\n<p>18-19 October (Wednesday-Thursday): <a href=\"http:\/\/eventful.com\/cairo\/events\/middle-east-info-security-summit-\/E0-001-084065592-6\">Middle East Info Security Summit<\/a>, Sofitel El Gezirah, Cairo.<\/p>\n<p>18-20 October (Wednesday-Friday): AfriLabs <a href=\"http:\/\/afrilabs-gathering.com\/about-us-3\/\">annual gathering<\/a> with the theme \u201cSmart Cities,\u201d The French University, Cairo. <a href=\"http:\/\/afrilabs-gathering.com\/registration\/\">Register here<\/a>.<\/p>\n<p>23-27 October (Monday-Friday): 29th <a href=\"http:\/\/cairocongress.bpw-international.org\/index.php\/about-congress\">Business and Professional Women International Congress<\/a> themed \u201cMaking a Difference through Leadership and Action,\u201d Mena House Hotel, Cairo. <a href=\"http:\/\/cairocongress.bpw-international.org\/index.php\/registration\">Register here<\/a>.<\/p>\n<p>06-07 November (Monday-Tuesday): <a href=\"http:\/\/www.letstalkevent.com\/EgyptCrisisCommunications\/#home2\">Crisis Communications Conference<\/a>, Four Seasons Nile Plaza Hotel, Cairo.<\/p>\n<p>16 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee to review policy rates.<\/p>\n<p>26-29 November (Sunday-Wednesday): <a href=\"http:\/\/www.cairoict.com\/\">21st Cairo ICT<\/a>, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>01 December (Friday): Prophet\u2019s Birthday, national holiday.<\/p>\n<p>03-05 December (Sunday-Tuesday): <a href=\"https:\/\/www.solartecegypt.com\/en\/home.html\">Solar-Tec<\/a>, Cairo International Exhibition & Convention Centre.<\/p>\n<p>03-05 December (Sunday-Tuesday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html\">Electrix<\/a>, Cairo International Exhibition & Convention Centre.<\/p>\n<p>07-09 December (Thursday-Saturday): <a href=\"http:\/\/www.businessforafricaforum.com\/\">The Africa 2017 forum:<\/a> \u201cBusiness for Africa, Egypt and the World\u201d Conference, Sharm El Sheikh.<\/p>\n<p>08-10 December (Friday-Sunday): RiseUp Summit, Downtown Cairo.<\/p>\n<p>28 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee to review policy rates.<\/p>\n<p>17-21 February 2018 (Wednesday-Saturday): <a href=\"http:\/\/www.bwe21.com\/Events\">Women For Success - Women SME's \"World of Possibilities\"<\/a> Conference, Cairo\/Luxor.<\/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":640848,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-640847","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"88fc72ab-c62d-4543-bedc-1e352bd39c16","teaser":"","photo_url":"https:\/\/ent.news\/2017\/9\/1518.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>Tourism receipts up, FX backlog down and we\u2019re one step closer to the World Cup. Plus: A special message to the Northampton Borough Council from Sandor Clegane - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/tourism-receipts-up-fx-backlog-down-and-were-one-step-closer-to-the-world-cup-plus-a-special-message-to-the-northampton-borough-council-from-sandor-clegane\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourism receipts up, FX backlog down and we\u2019re one step closer to the World Cup. 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