{"id":641931,"date":"2017-08-02T04:07:11","date_gmt":"2017-08-02T04:07:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=641931"},"modified":"2025-12-17T17:51:37","modified_gmt":"2025-12-17T17:51:37","slug":"someone-in-government-finally-had-the-redacted-to-say-the-education-system-is-broken-and-to-suggest-a-way-of-fixing-it","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/someone-in-government-finally-had-the-redacted-to-say-the-education-system-is-broken-and-to-suggest-a-way-of-fixing-it\/","title":{"rendered":"Someone in government finally had the [redacted] to say the education system is broken \u2014 and to suggest a way of fixing it"},"content":{"rendered":"<section id=\"641933\" 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=\"641933\">\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\/08\/02\/what-were-tracking-on-02-august-2017\/\">\r\n                            What we\u2019re tracking on 02 August 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\/08\/02\/what-were-tracking-on-02-august-2017\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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There are many reasons why, in a nation of &gt;100 mn, the private sector struggles to fill both blue- and white-collar vacancies \u2014 and the majority of those reasons rest in the education system. We have coverage in Last Night\u2019s Talk Shows and Speed Round, below.<\/p><p><strong>Foreign Minister Sameh Shoukry arrives in Khartoum today<\/strong> for talks with his Sudanese counterpart on Khartoum\u2019s ban on Egyptian agricultural imports, border issues and more, <a href=\"http:\/\/allafrica.com\/stories\/201708010154.html\">All Africa reports<\/a>.<\/p><p><strong>Supply Ministry to deduct overdue payments to bakers from deposits: <\/strong>Supply Minister Ali El Moselhy reached an agreement yesterday with bakery owners that will see the ministry deduct what it owes them in overdue ins. payments from deposits they are required to pay for flour under the <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/01\/what-were-tracking-this-week-148\/\">newly-enacted<\/a> subsidy system, <a href=\"http:\/\/www.msit.gov.eg\/ar\/index.php\/mnews\/item\/1298-2017-08-01-16-46-38243435436544654\">according to a ministry statement<\/a>. The ministry also <strong>extended the payment deadline <\/strong>and is giving bakers until the end of the week to pay the three-day ins. fee. Unhappy with the new system that forces them to purchase flour at market prices, <strong>bakeries across the country are still threatening to strike or shut down in reaction<\/strong>, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=01082017&amp;id=40d2457e-322d-4f92-942b-8790dd4852ad\">according to Al Shorouk<\/a>.<\/p><p><strong>Open any business news website this morning and you\u2019ll be forgiven for thinking there is <\/strong><strong>only one story globally that matters:<\/strong> Apple shares hit a new record after the company posted its best non-holiday quarter in two years on strong iPhone, iPad and Mac sales. CEO Tim Cook also said that \u201cWe really like what we see for the beginning of the back-to-school season\u201d as Apple \u201cissued strong revenue guidance for its fourth fiscal quarter, suggesting strong sales growth year-over-year,\u201d <a href=\"http:\/\/www.businessinsider.com\/apple-q3-2017-earnings-revenue-eps-iphone-sales-2017-8\">Business Insider<\/a> reports. \u201cThe strong guidance also hinted at the launch of a redesigned iPhone in September, which is expected to sell briskly.\u201d Bloomberg also takes a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-01\/apple-s-forecast-signals-strong-sales-of-new-iphones-this-year\">forward-looking view<\/a>, and the story is getting extensive coverage in the <a href=\"https:\/\/www.ft.com\/content\/d815f1da-76ef-11e7-90c0-90a9d1bc9691\">Financial Times<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/apple-sales-rise-pushed-by-sales-of-ipads-and-macs-1501619719\">Wall Street Journal<\/a> and <a href=\"http:\/\/www.reuters.com\/article\/us-apple-results-idUSKBN1AH57U\">Reuters<\/a>, depending on where you prefer to read your news. For geeks, <a href=\"http:\/\/appleinsider.com\/articles\/17\/08\/01\/notes-of-interest-from-apples-q3-2017-conference-call\">Apple Insider<\/a>, <a href=\"https:\/\/9to5mac.com\/\">9to5Mac<\/a> and <a href=\"https:\/\/www.macrumors.com\/\">Macrumors<\/a> are going wall-to-wall.<\/p><p><strong>The bond market is a bubble at the moment,<\/strong> former Fed Chief Alan Greenspan says in an <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-07-31\/no-bubble-in-stocks-but-look-out-when-bonds-pop-greenspan-says\">interview with Bloomberg<\/a>. Real long-term interest rates are too low and unsustainable, Greenspan says, adding that when they do bounce back, the move upwards will be a rapid and could come as quite a shock. The former chairman references a theory known as the Fed Model to explain that the fact that bonds are outpacing equities as evidence that <strong>inflationary pressure isn\u2019t priced into bonds<\/strong>. While stock markets have proven robust against dips in the bond market, the moves have been limited because low inflation and slow growth have kept yields also low through rough patches. Greenspan thinks that the looming USD 4.5 tn that the US government needs to unwind and the era of stimulus ending threaten to burst the bond bubble. But hey, he\u2019s <a href=\"https:\/\/www.forbes.com\/2009\/04\/02\/greenspan-john-taylor-fed-rates-china-opinions-columnists-housing-bubble.html\">been wrong before<\/a>.<\/p><p>Meanwhile: <strong>The <\/strong><a href=\"http:\/\/www.reuters.com\/article\/uk-global-forex-idUSKBN1AI01Y?il=0\"><strong>greenback has bounced back<\/strong><\/a><strong> from 15-month lows<\/strong> globally, <a href=\"https:\/\/www.wsj.com\/articles\/goldman-sachs-finds-itself-in-unusual-spot-last-place-in-trading-1501579804\"><strong>Goldman<\/strong><strong>Sachs is on a charm offensive<\/strong><\/a>to climb out of last place in trading, and we\u2019re really, really tired of reading stories such as \u201c<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-01\/aramco-pits-london-against-new-york-as-saudis-pick-venue-for-ipo\"><strong>Saudi Aramco IPO Pits London Against New York<\/strong><\/a>\u201d \u2014 choose, already.<\/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=\"641934\" 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 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hobbles the nation?                        <\/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\/08\/02\/are-we-finally-getting-serious-about-fixing-a-broken-education-system-that-hobbles-the-nation\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=Are+we+finally+getting+serious+about+fixing+a+broken+education+system+that+hobbles+the+nation%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fare-we-finally-getting-serious-about-fixing-a-broken-education-system-that-hobbles-the-nation%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\/08\/02\/are-we-finally-getting-serious-about-fixing-a-broken-education-system-that-hobbles-the-nation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641935\" class=\"content-area-description single-story post-641935 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>We expected more from the talking heads on the surge in Egypt\u2019s foreign reserves, but at least it made the headlines. But talking heads were (understandably) more interested in dissecting the newly proposed restructuring of the nation\u2019s education system. (We have full coverage of both stories in Speed Round, below.)<\/p>\n<p>On Hona Al Asema,<strong> Lamees Al Hadidi said the reserves rose largely due to government <\/strong><strong>sales of debt instruments and bonds,<\/strong> but are still expected to have a positive impact on Egypt\u2019s credit rating and FX rates (<a href=\"https:\/\/www.youtube.com\/watch?v=AVgtJllVj0g\">watch, runtime 5:41<\/a>).<\/p>\n<p>Over on Kol Youm,<strong> Amr Adib also touched on the reserves<\/strong> \u2014 with far less grace than his better half, contenting himself with questioning why the USD exchange rate and prices of consumer goods haven\u2019t magically dropped as a result of the record-high reserves (<a href=\"https:\/\/www.youtube.com\/watch?v=uyx3jTQVZNc\">watch, runtime 1:20<\/a>). Someone needs to be run through a remedial economics class in the new thanaweya amma system.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Speaking of which: The star of the night was Tarek Shawki.<\/strong> Masaa DMC\u2019s Osama Kamal spoke to the education minister about the new system that will replace thanaweya amma. The traditional system (which is now exiting stage right) killed any chance students would ever innovate, Shawki said. Under the new system, he added, students will be evaluated based on both coursework and exams, rather than just the latter (<a href=\"https:\/\/www.youtube.com\/watch?v=-eH-LTAKYWA\">watch, runtime 13:42<\/a>).<\/p>\n<p><strong>Shawki also rang up Lamees<\/strong>, telling her (in part) that primary-level certificates awarded after sixth grade are being scrapped because they are of no value to a child\u2019s education, but require significant budget outlays (<a href=\"https:\/\/www.youtube.com\/watch?v=ebuRn2HyaHk\">watch, runtime 13:02<\/a>).<\/p>\n<p><strong>Lamees dedicated a large chunk of last night\u2019s episode<\/strong> \u2014 her last before she goes off vacation for the month \u2014 <strong>to covering hepatitis C treatment efforts<\/strong>. More than 680k patients were treated between September 2015 and December 2016, according to the deputy head of the National Committee for the Control of Viral Hepatitis, Yehia El Shazly (<a href=\"https:\/\/www.youtube.com\/watch?v=jXDsHgDNSuM\">watch, runtime: 3:56<\/a>). Most cases treated with Sovaldi were successful, committee member Emam Waked said (<a href=\"https:\/\/www.youtube.com\/watch?v=d6h1JtPBezQ\">watch, runtime: 1:00<\/a>).<\/p>\n<p>Back on Kol Youm, <strong>Adib zeroed in on waste management,<\/strong> lambasting the government for its \u201cfailed\u201d recycling projects and calling on the private sector to take over (<a href=\"https:\/\/www.youtube.com\/watch?v=xv7D3KqHR6s\">watch, runtime 2:46<\/a>). Adib spoke to MP and House Local Development Committee member Mohamed Attia, who gave him the low-down on a government proposal to establish a solid waste management holding company (<a href=\"https:\/\/www.youtube.com\/watch?v=Dw3sVuInNak\">watch, runtime: 5:28<\/a>).<\/p>\n<p>On Yahduth Fi Masr, <strong>Sherif Amer hosted record-breaking swimmer Farida Osman<\/strong> to talk about her snagging Egypt\u2019s first-ever world medal. Osman said she\u2019s looking ahead to the 2020 Tokyo Olympics.<\/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=\"641936\" 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=\"641936\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/reserves-grow-to-usd-36-bn\/\">\r\n                            Reserves grow to USD 36 bn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/reserves-grow-to-usd-36-bn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/reserves-grow-to-usd-36-bn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/reserves-grow-to-usd-36-bn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Reserves grow to USD 36 bn&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/reserves-grow-to-usd-36-bn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/reserves-grow-to-usd-36-bn\/&title=Reserves grow to USD 36 bn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Reserves+grow+to+USD+36+bn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Freserves-grow-to-usd-36-bn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/reserves-grow-to-usd-36-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641936\" class=\"content-area-description single-story post-641936 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-02\"><\/a> <strong>Central bank reserves are at their highest level ever.<\/strong> <a href=\"http:\/\/www.cbe.org.eg\/en\/Pages\/HighlightsPages\/-Net-International-Reserves-reached-US$-36036-4-mn-at-the-end-of-July,-2017-(Provisional).aspx\">Provisional central bank data<\/a> showed that net international reserves rose to a record-high of USD 36.036 bn at the end of July, from USD 31.305 bn at the end of June. <a href=\"http:\/\/www.almalnews.com\/Story\/341886\/12\/%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%89-%D9%8A%D9%83%D8%B4%D9%81-%D9%84%D9%80--%D8%A7%D9%84%D9%85%D8%A7%D9%84--%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D8%A3%D9%83%D8%A8%D8%B1-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D9%81%D9%89\">CBE Governor Tarek Amer tells Al Mal<\/a> that July saw an influx of USD 7.7 bn. He attributed the USD 4.7 bn net gain to both foreign inflows, which came in at USD 3.7 bn, and the banking system drawing in USD 4 bn. Egypt received a USD 1.25 bn tranche <a href=\"http:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1AH4D9\">from the IMF loan in July<\/a>. The previous peak in central bank reserves was in December 2010, closing that month at USD 36.005 bn. Reserves <a href=\"http:\/\/www.reuters.com\/article\/egypt-cenbank-reserves-idUSL5N1KN56G\">had dropped to a low<\/a> of USD 19 bn in October of 2016, right before the EGP float the following month.<\/p>\n<p><strong>\u201cEgypt\u2019s reserves now cover almost eight months of imports<\/strong>, which adds credibility to the new currency regime,\u201d CI Capital economist Hany Farahat tells <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-01\/egypt-s-net-foreign-reserves-surge-to-record-high-in-july\">Bloomberg\u2019s Ahmed Feteha<\/a>. The data show that Egypt is able to attract strong inflows, \u201cimplying the country\u2019s currency problems are almost over,\u201d he said. <strong>Prime Minister Sherif Ismail said the reserve level \u201cmeans that the Egyptian economy has recovered,\u201d <\/strong><a href=\"https:\/\/www.nytimes.com\/aponline\/2017\/08\/01\/world\/middleeast\/ap-ml-egypt-economy-.html\">the Associated Press reports<\/a>. Uhm\u2026<\/p>\n<p><strong>More than USD 13 bn has flowed into Egyptian T-Bills as of July 25<\/strong>, with yields soaring over 22 percent, according to Bloomberg. <a href=\"http:\/\/www.almalnews.com\/Story\/341916\/14\/%D9%83%D8%AC%D9%88%D9%83--3-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%AD%D8%AC%D9%85-%D8%A7%D9%83%D8%AA%D8%AA%D8%A7%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D8%AC%D8%A7%D9%86%D8%A8-%D8%A8%D9%85%D8%AD%D9%81%D8%B8%D8%A9-%D8%A7%D9%84%D8%AF%D9%8A%D9%88%D9%86-%D9%81%D9%89-%D9%8A%D9%88%D9%84%D9%8A%D9%88\">Foreigners snapped up debt<\/a> totalling USD 3.5 bn in July. Most of the inflows go into the CBE\u2019s repatriation fund, which backs expedited transfers of funds for foreign investors.<\/p>\n<p>Capital Economics, meanwhile, <a href=\"https:\/\/research.cdn.capitaleconomics.com\/1bacd5\/strains-in-qatars-markets-ease.pdf\">says in a research note (pdf)<\/a> that <strong>the CBE \u201chas also been <\/strong><strong>intervening in the foreign exchange market to prevent the EGP from appreciating<\/strong>, in the process rebuilding its FX reserves. This upwards pressure on the currency appears to be related to a jump in capital inflows, which we think it is likely to be temporary. Indeed, foreigners\u2019 net purchases of Egyptian equities, which jumped immediately after the devaluation of the EGP late last year, have now started to fall.\u201d As a result, the firm expects the EGP \u201c<strong>to weaken modestly against the USD over the next few years<\/strong>.\u201d<\/p>\n<p><strong>\u2026All of this comes as World Bank Egypt Country Director Asad Alam said Egypt\u2019s <\/strong><strong>economic reforms are improving the country\u2019s competitiveness<\/strong> and attracting new investments, <a href=\"https:\/\/alborsanews.com\/2017\/08\/01\/1041291\">according to Al Borsa<\/a>. Alam says the central bank and government have achieved tangible successes in improving the business climate domestically and that the private sector is starting to see benefits from the reforms to energy policy and new legislation.<\/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=\"641946\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"641947\" 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=\"641947\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/egypt-in-the-news-on-2-august-2017\/\">\r\n                            Egypt in the News on 2 August 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\/08\/02\/egypt-in-the-news-on-2-august-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\/08\/02\/egypt-in-the-news-on-2-august-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\/08\/02\/egypt-in-the-news-on-2-august-2017\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 2 August 2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/egypt-in-the-news-on-2-august-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\/08\/02\/egypt-in-the-news-on-2-august-2017\/&title=Egypt in the News on 2 August 2017\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+2+August+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fegypt-in-the-news-on-2-august-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\/08\/02\/egypt-in-the-news-on-2-august-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641947\" class=\"content-area-description single-story post-641947 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s new record FX reserves are the top story on Egypt in the international press this<\/strong><strong>morning <\/strong>along with Prime Minister Sherif Ismail\u2019s accompanying reassurance that this is \u201cgood news\u201d that means \u201cthe Egyptian economy has recovered.\u201d<br \/>\n<strong>Al Azhar\u2019s Cairo Metro fatwa kiosks are taking on new life in the international news cycle <\/strong><strong>this morning. <\/strong><a href=\"https:\/\/www.theguardian.com\/world\/2017\/aug\/01\/egyptian-islamic-authority-sets-up-fatwa-kiosk-in-cairo-metro\">The Guardian\u2019s Ruth Michaelson<\/a> writes: \u201cThe idea is proving popular with travellers \u2026Yet few seemed convinced that the project would attract those with pre-existing extremist tendencies to seek guidance.\u201d The Associated Press\u2019 coverage of the \u2018news\u2019 also <a href=\"http:\/\/www.foxnews.com\/world\/2017\/08\/01\/clerics-offering-religious-edicts-in-cairo-metro-stir-debate.html\">sees the piece getting wide pickup<\/a> in member news outlets.<\/p>\n<p>Other international reports worth a skim:<\/p>\n<ul type=\"disc\">\n<li><strong>Cairo-based personal concierge app Elves is already generating revenues of USD <\/strong><strong>80,000 per month<\/strong>,Elizabeth MacBride <a href=\"https:\/\/www.forbes.com\/sites\/elizabethmacbride\/2017\/07\/30\/meet-the-egyptian-couple-and-an-elves-app-at-the-forefront-of-conversational-commerce-and-ai\/#176c9a742e33\">writes for Forbes<\/a>\u2019 contributor network. The company is now raising a seed round of USD 1.25 mn. <\/li>\n<li><a href=\"https:\/\/www.ft.com\/content\/0ecec4fa-7276-11e7-aca6-c6bd07df1a3c\">The Financial Times<\/a> is taking note of how <strong>Egypt has been helping China deport Uighur students<\/strong> studying in Egypt.<\/li>\n<li><strong>The New Yorker reviews Omar Robert Hamilton\u2019s The City Always Wins<\/strong> in a piece titled \u201c<a href=\"http:\/\/www.newyorker.com\/books\/page-turner\/what-a-novel-can-say-about-the-egyptian-revolution\">What A Novel Can Say About the Egyptian Revolution<\/a>.\u201d<\/li>\n<li><strong>Economic reforms are starting to drive major multinationals to expand <\/strong><strong>production in Egypt<\/strong>, according to a report in <a href=\"http:\/\/www.oxfordbusinessgroup.com\/news\/reforms-fuel-manufacturing-ambitions-egypt\">Oxford Business Group<\/a> recapping projects announced previously. <\/li>\n<li><strong>Ibrahim Halawa\u2019s defense team presented his case yesterday<\/strong>, and of course, <a href=\"http:\/\/www.breakingnews.ie\/ireland\/egyptian-court-to-hear-ibrahim-halawa-defence-today-800272.html\">only the Irish are taking note<\/a>. <\/li>\n<li><strong>The acquittal of former President Hosni Mubarak<\/strong> shows that \u201cpolitical trials that take place throughout a transition phase generate rhetoric that plays a crucial role in the denouement of political struggles,\u201d Yoram Meital writes in the <a href=\"https:\/\/blog.oup.com\/2017\/07\/hosni-mubarak-acquittal-egypt-courts\/\">Oxford University Press\u2019 blog<\/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=\"641948\" 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=\"641948\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/government-policies-must-be-held-to-a-specific-set-of-standards-to-evaluate-their-efficiency\/\">\r\n                            Government policies must be held to a specific set of standards to evaluate their efficiency                        <\/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\/08\/02\/government-policies-must-be-held-to-a-specific-set-of-standards-to-evaluate-their-efficiency\/\" 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\/08\/02\/government-policies-must-be-held-to-a-specific-set-of-standards-to-evaluate-their-efficiency\/')\">\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\/08\/02\/government-policies-must-be-held-to-a-specific-set-of-standards-to-evaluate-their-efficiency\/\">\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=Government policies must be held to a specific set of standards to evaluate their efficiency&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/government-policies-must-be-held-to-a-specific-set-of-standards-to-evaluate-their-efficiency\/\">\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\/08\/02\/government-policies-must-be-held-to-a-specific-set-of-standards-to-evaluate-their-efficiency\/&title=Government policies must be held to a specific set of standards to evaluate their efficiency\">\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=Government+policies+must+be+held+to+a+specific+set+of+standards+to+evaluate+their+efficiency+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fgovernment-policies-must-be-held-to-a-specific-set-of-standards-to-evaluate-their-efficiency%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\/08\/02\/government-policies-must-be-held-to-a-specific-set-of-standards-to-evaluate-their-efficiency\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641948\" class=\"content-area-description single-story post-641948 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Columnists in the local press have put their brains in neutral for Sahel season<\/strong> \u2014 we have nothing of interest to discuss this morning, folks.<\/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=\"641949\" 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=\"641949\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/industrial-and-commercial-bank-of-china-complicit-in-laundering-operation\/\">\r\n                            Industrial and Commercial Bank of China complicit in laundering 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\" 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class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/industrial-and-commercial-bank-of-china-complicit-in-laundering-operation\/&title=Industrial and Commercial Bank of China complicit in laundering 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=Industrial+and+Commercial+Bank+of+China+complicit+in+laundering+operation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Findustrial-and-commercial-bank-of-china-complicit-in-laundering-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\/08\/02\/industrial-and-commercial-bank-of-china-complicit-in-laundering-operation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/8\/362.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"641950\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/industrial-and-commercial-bank-of-china-complicit-in-laundering-operation\/362-jpg-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/8\/362.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"362.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/8\/362.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/8\/362.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641949\" class=\"content-area-description single-story post-641949 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Chinese money laundering out of Spain was facilitated by the world\u2019s biggest bank, <\/strong>claims part one of <a href=\"http:\/\/www.reuters.com\/investigates\/special-report\/icbc-spain\/\">a Reuters report<\/a>. Spanish authorities have been making arrests in the money laundering case allegedly involving the Chinese state-owned Industrial and Commercial Bank of China (ICBC), in a case they suspect involves up to EUR 1.2 bn in missing funds. Wiretaps and the investigation ultimately led to Spanish police going into the Madrid branch of ICBC and arresting executives. The operation is based on transferring illegal funds from Chinese organized crime and tax [redacted], causing considerable stress to the Spanish government at a time of austerity and economic stagnation. The case revolves around bank employees not reporting transfers up to the standard of Spanish law, using unauthorized accounts to split up large transfers into many small parts and using a network of Chinese citizens living in Spain to perform transfers. ICBC is now facing a clampdown in other European countries as more investigations take place in places like Luxembourg and Italy, creating complications on the diplomatic level between the EU and China, two of the largest economic powerhouses globally.<\/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-reading\/\">worth reading<\/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=\"641951\" 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=\"641951\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/diplomacy-and-foreign-trade-on-2-august-2017\/\">\r\n                            Diplomacy and Foreign Trade on 2 August 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\/08\/02\/diplomacy-and-foreign-trade-on-2-august-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\/08\/02\/diplomacy-and-foreign-trade-on-2-august-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\/08\/02\/diplomacy-and-foreign-trade-on-2-august-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=Diplomacy and Foreign Trade on 2 August 2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/diplomacy-and-foreign-trade-on-2-august-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\/08\/02\/diplomacy-and-foreign-trade-on-2-august-2017\/&title=Diplomacy and Foreign Trade on 2 August 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=Diplomacy+and+Foreign+Trade+on+2+August+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fdiplomacy-and-foreign-trade-on-2-august-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\/08\/02\/diplomacy-and-foreign-trade-on-2-august-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641951\" class=\"content-area-description single-story post-641951 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>An Emirati delegation that includes Emaar is set to tour the Alamein area next week to <\/strong><strong>look at potential investment sites, <\/strong><a href=\"http:\/\/almalnews.com\/Story\/341897\/15\/%D8%B3%D8%AD%D8%B1-%D9%86%D8%B5%D8%B1-%D9%88%D9%81%D8%AF-%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A-%D9%8A%D8%B2%D9%88%D8%B1-%D8%A7%D9%84%D8%B9%D9%84%D9%85%D9%8A%D9%86-%D9%84%D8%A8%D8%AD%D8%AB-%D8%A7%D9%84%D9%81%D8%B1%D8%B5-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9\">Al Mal Reports<\/a>. The visit comes after Investment Minister Sahar Nasr said that <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/01\/emaars-alabbar-wants-to-invest-in-new-capital\/\">Mohamed Alabbar may be interested<\/a> in investing in New Alamein and the new capital city.<\/p>\n<p><strong>President Abdel Fattah El Sisi\u2019s sign-off has triggered the migration of a flock of 45 new <\/strong><strong>Egyptian ambassadors<\/strong>, representatives and consuls to new posts. The president had held two rounds of meetings with the newly appointed diplomats, according<a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=01082017&id=e2592497-5be0-4964-82eb-d4b1e9ce5140\">to Al Shorouk<\/a> and <a href=\"http:\/\/gate.ahram.org.eg\/News\/1558908.aspx\">Ahram Gate<\/a>.<\/p>\n<p><strong>Kazakhstan filed a note to Egypt\u2019s Foreign Ministry to protest the detention of <\/strong><strong>Kazakh citizens in Egypt,<\/strong> <a href=\"http:\/\/www.inform.kz\/en\/kazakhstan-files-note-of-protest-to-egyptian-foreign-ministry_a3050586\">Kazinform reports<\/a>. Six Kazakh students were detained by Egyptian authorities in Cairo without being charged.<\/p>\n<p><strong>Assistance for migrants: <\/strong>Manpower Minister Mohamed Saafan spoke with the International Organisation for Migration (IOM) about extending new assistance to migrants in Egypt, <a href=\"http:\/\/www.iom.int\/news\/iom-deputy-director-general-meets-senior-egyptian-officials-cairo\">according to an IOM statement<\/a>. On offer could be enhanced access to accredited vocational training migration governance initiatives.<\/p>\n<p><strong>Roads, eh? <\/strong>Transport Minister Hisham Arafat announced the signing of a protocol of cooperation with the Canadian Chamber of Commerce, according <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=01082017&id=ac743760-485e-42ee-957e-a5d5b4206b11\">to Al Shorouk<\/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\/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=\"641952\" 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=\"641952\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/zohr-will-start-production-by-years-end-descalzi-promises-ismail\/\">\r\n                            Zohr will start production by year\u2019s end, Descalzi promises Ismail                        <\/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     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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/zohr-will-start-production-by-years-end-descalzi-promises-ismail\/&title=Zohr will start production by year\u2019s end, Descalzi promises Ismail\">\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=Zohr+will+start+production+by+year%E2%80%99s+end%2C+Descalzi+promises+Ismail+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fzohr-will-start-production-by-years-end-descalzi-promises-ismail%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\/08\/02\/zohr-will-start-production-by-years-end-descalzi-promises-ismail\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641952\" class=\"content-area-description single-story post-641952 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 boss Claudio Descalzi was in town yesterday and checked in with Prime Minister Sherif Ismail, promising that the company\u2019s Zohr supergiant field would ramp production by year\u2019s end on schedule, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/274634\/Business\/Economy\/Egypts-giant-gas-field-Zohr-to-produce--mln-sq-fee.aspx\">Ahram Online<\/a> reports.<\/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=\"641954\" 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=\"641954\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/\">\r\n                            Eastern Tobacco invests EUR 15 mn in new production lines                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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         <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641954\" class=\"content-area-description single-story post-641954 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Eastern Tobacco has signed five agreements for new production lines at its plant worth around EUR 15 mn, Chairman Mohamed Haroun <a href=\"http:\/\/www.almalnews.com\/Story\/341839\/14\/%D8%A7%D9%84%D8%B4%D8%B1%D9%82%D9%8A%D8%A9-%D9%84%D9%84%D8%AF%D8%AE%D8%A7%D9%86-%D8%AA%D8%AA%D8%B9%D8%A7%D9%82%D8%AF-%D8%B9%D9%84%D9%89-5-%D8%AE%D8%B7%D9%88%D8%B7-%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-15-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%8A%D9%88%D8%B1%D9%88\">told Al Mal<\/a>. The new lines are set to result in doubling the company\u2019s output and will be received within seven months. Eastern Tobacco has also managed to increase its reserves of manufacturing inputs to last for 16 months, as more banks were willing to provide the company with trade finance since the EGP float, Haroun adds. The company <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/205765_1.pdf\">sent the EGX<\/a> a statement confirming the EUR 15 mn investment mentioned in the Al Mal piece, but denied any plans for a stock split.<\/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=\"641957\" 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=\"641957\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/polands-ursus-looks-into-opening-usd-50-100-mn-tractor-factory-in-egypt\/\">\r\n                            Poland\u2019s Ursus looks into opening USD 50-100 mn tractor factory in Egypt                        <\/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\/08\/02\/polands-ursus-looks-into-opening-usd-50-100-mn-tractor-factory-in-egypt\/\" 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\/08\/02\/polands-ursus-looks-into-opening-usd-50-100-mn-tractor-factory-in-egypt\/')\">\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\/08\/02\/polands-ursus-looks-into-opening-usd-50-100-mn-tractor-factory-in-egypt\/\">\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=Poland\u2019s Ursus looks into opening USD 50-100 mn tractor factory in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/polands-ursus-looks-into-opening-usd-50-100-mn-tractor-factory-in-egypt\/\">\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\/08\/02\/polands-ursus-looks-into-opening-usd-50-100-mn-tractor-factory-in-egypt\/&title=Poland\u2019s Ursus looks into opening USD 50-100 mn tractor factory in Egypt\">\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=Poland%E2%80%99s+Ursus+looks+into+opening+USD+50-100+mn+tractor+factory+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fpolands-ursus-looks-into-opening-usd-50-100-mn-tractor-factory-in-egypt%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\/08\/02\/polands-ursus-looks-into-opening-usd-50-100-mn-tractor-factory-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641957\" class=\"content-area-description single-story post-641957 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Polish agriculture <a href=\"http:\/\/en.ursus.com.pl\/\">machinery manufacturer Ursus<\/a> is considering opening USD 50-100 mn tractor factory in Egypt, said Trade and Industry Ministry Tarek Kabil. The company would be working with a local partner on the project, he said, following a meeting with Ursus\u2019 Director for Domestic Trade Marek W\u0142odarczyk. The move comes as part of the company\u2019s expansion into Africa, including in Ethiopia, Tanzania and Zambia, said W\u0142odarczyk, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1170704\">according to Al Masry Al Youm<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"641958\" 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=\"641958\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/kato-sells-stake-in-erc-in-egp-121-8-mn-transaction\/\">\r\n                            Kato sells stake in ERC in EGP 121.8 mn transaction                        <\/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\/08\/02\/kato-sells-stake-in-erc-in-egp-121-8-mn-transaction\/\" 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\/08\/02\/kato-sells-stake-in-erc-in-egp-121-8-mn-transaction\/')\">\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\/08\/02\/kato-sells-stake-in-erc-in-egp-121-8-mn-transaction\/\">\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=Kato sells stake in ERC in EGP 121.8 mn transaction&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/kato-sells-stake-in-erc-in-egp-121-8-mn-transaction\/\">\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\/08\/02\/kato-sells-stake-in-erc-in-egp-121-8-mn-transaction\/&title=Kato sells stake in ERC in EGP 121.8 mn transaction\">\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=Kato+sells+stake+in+ERC+in+EGP+121.8+mn+transaction+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fkato-sells-stake-in-erc-in-egp-121-8-mn-transaction%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\/08\/02\/kato-sells-stake-in-erc-in-egp-121-8-mn-transaction\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641958\" class=\"content-area-description single-story post-641958 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Kato investments has sold its 11.5% stake in Egyptian Resorts Company (ERC) to Red Sea Hotels Holding Company for Tourism Investments in a EGP 121.8 mn transaction, according <a href=\"http:\/\/almalnews.com\/Story\/341889\/11\/%D8%AA%D8%A3%D9%83%D9%8A%D8%AF%D9%8B%D8%A7-%D9%84%D9%84%D9%85%D8%A7%D9%84---%D9%83%D8%A7%D8%AA%D9%88-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%AA%D8%A8%D9%8A%D8%B9-11-5%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D9%85%D9%86%D8%AA%D8%AC%D8%B9%D8%A7%D8%AA\">Al Mal reports<\/a>, citing an EGX filing. The transaction took place on the market during live trading and now makes Red Sea Hotels one of the largest shareholders in the name.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"641959\" 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=\"641959\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/ni-capital-establishes-tamweely-for-microfinance\/\">\r\n                            NI Capital establishes Tamweely for Microfinance                        <\/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\/08\/02\/ni-capital-establishes-tamweely-for-microfinance\/\" 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\/08\/02\/ni-capital-establishes-tamweely-for-microfinance\/')\">\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\/08\/02\/ni-capital-establishes-tamweely-for-microfinance\/\">\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=NI Capital establishes Tamweely for Microfinance&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/ni-capital-establishes-tamweely-for-microfinance\/\">\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\/08\/02\/ni-capital-establishes-tamweely-for-microfinance\/&title=NI Capital establishes Tamweely for Microfinance\">\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=NI+Capital+establishes+Tamweely+for+Microfinance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fni-capital-establishes-tamweely-for-microfinance%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\/08\/02\/ni-capital-establishes-tamweely-for-microfinance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641959\" class=\"content-area-description single-story post-641959 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><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> State-owned investment bank NI Capital has launched a EGP 50 mn micro-financing arm called Tamweely, the bank said in an emailed statement. The National Investment Bank subsidiary, whose financial services will be backed by its own technology platform, will primarily focus its operations in Upper Egypt and the Delta. \u201cTamweely for Microfinance is an important milestone in our non-banking financial services platform. We are committed to providing and developing finance and capital channels with an aim to support the growth and development of the Egyptian economy,\u201d says NI Capital CEO and Managing Director Ashraf Ghazaly. Tamweely was founded in partnership with Ayady for Investment and Development and Post for Investment Co.<\/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=\"641960\" 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=\"641960\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/fawry-launches-new-company-to-cater-to-broader-market\/\">\r\n                            Fawry launches new company to cater to broader market                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/fawry-launches-new-company-to-cater-to-broader-market\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/fawry-launches-new-company-to-cater-to-broader-market\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/fawry-launches-new-company-to-cater-to-broader-market\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Fawry launches new company to cater to broader market&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/fawry-launches-new-company-to-cater-to-broader-market\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/fawry-launches-new-company-to-cater-to-broader-market\/&title=Fawry launches new company to cater to broader market\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Fawry+launches+new+company+to+cater+to+broader+market+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Ffawry-launches-new-company-to-cater-to-broader-market%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/fawry-launches-new-company-to-cater-to-broader-market\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641960\" class=\"content-area-description single-story post-641960 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Fawry, <a href=\"http:\/\/u\/\">backed by a consortium of investors<\/a> that includes the Egyptian American Enterprise Fund and Helios Partners, is launching a new company named \u2018Fawry Plus\u2019 that will cater to institutions, according <a href=\"https:\/\/alborsanews.com\/2017\/08\/01\/1041398\">to Al Borsa<\/a>. Fawry <a href=\"https:\/\/alborsanews.com\/2017\/08\/01\/1041247\">also signed<\/a> an agreement with Uber on Tuesday to facilitate a cashback rebate system for their clients and intends to offer more services and perks to Uber clients further down the line.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"641961\" 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=\"641961\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/solid-waste-management-company-to-be-established-in-six-weeks\/\">\r\n                            Solid waste management company to be established in six weeks                        <\/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\/08\/02\/solid-waste-management-company-to-be-established-in-six-weeks\/\" 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\/08\/02\/solid-waste-management-company-to-be-established-in-six-weeks\/')\">\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\/08\/02\/solid-waste-management-company-to-be-established-in-six-weeks\/\">\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=Solid waste management company to be established in six weeks&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/solid-waste-management-company-to-be-established-in-six-weeks\/\">\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\/08\/02\/solid-waste-management-company-to-be-established-in-six-weeks\/&title=Solid waste management company to be established in six weeks\">\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=Solid+waste+management+company+to+be+established+in+six+weeks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fsolid-waste-management-company-to-be-established-in-six-weeks%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\/08\/02\/solid-waste-management-company-to-be-established-in-six-weeks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641961\" class=\"content-area-description single-story post-641961 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The government has set a timeframe of six weeks to establish its new solid waste management holding company that the cabinet approved <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/18\/government-to-establish-egp-7-bn-waste-management-holding-company-in-few-weeks\/\">last week<\/a>, <a href=\"https:\/\/alborsanews.com\/2017\/08\/01\/1041362\">Al Borsa reports<\/a>. Officials from the concerned ministries will be holding periodic meetings to formulate the company structure and determine which government body to affiliate it with.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"641964\" 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=\"641964\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/egypt-greece-begin-naval-joint-exercise\/\">\r\n                            Egypt, Greece begin naval joint-exercise                        <\/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\/08\/02\/egypt-greece-begin-naval-joint-exercise\/\" 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\/08\/02\/egypt-greece-begin-naval-joint-exercise\/')\">\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\/08\/02\/egypt-greece-begin-naval-joint-exercise\/\">\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, Greece begin naval joint-exercise&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/egypt-greece-begin-naval-joint-exercise\/\">\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\/08\/02\/egypt-greece-begin-naval-joint-exercise\/&title=Egypt, Greece begin naval joint-exercise\">\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%2C+Greece+begin+naval+joint-exercise+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fegypt-greece-begin-naval-joint-exercise%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\/08\/02\/egypt-greece-begin-naval-joint-exercise\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641964\" class=\"content-area-description single-story post-641964 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt and Greece have begun a multi-day joint naval and air force exercise in the Mediterranean, the Defense Ministry <a href=\"http:\/\/www.almalnews.com\/Story\/341858\/19\/%D8%A8%D8%AF%D8%A1-%D9%81%D8%B9%D8%A7%D9%84%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%AF%D8%B1%D9%8A%D8%A8-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D8%A7%D9%84%D9%8A%D9%88%D9%86%D8%A7%D9%86-%D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%83-%D9%85%D9%8A%D8%AF%D9%88%D8%B2%D8%A7-\">said in a statement<\/a>. The joint-exercise, called Medusa 2017, will include Egypt\u2019s Mediterranean-based Mistral-class carrier Anwar Sadat along with F-16 fighter jets, among other vessels. Egyptian air and naval forces participated in the <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/251562\/Egypt\/Politics-\/Egyptian-army-chief-of-staff-heads-to-Greece-for-j.aspx\">Medusa 2016<\/a> exercises in Greece in December 2016.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"641965\" 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=\"641965\">\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\/08\/02\/new-hedge-fund-is-named-after-an-ancient-egyptian-goddess-but-you-want-to-hope-they-dont-want-to-invest-in-you\/\">\r\n                            New hedge fund is named after an ancient Egyptian goddess, but you want to hope they don\u2019t want to invest in you                        <\/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\/08\/02\/new-hedge-fund-is-named-after-an-ancient-egyptian-goddess-but-you-want-to-hope-they-dont-want-to-invest-in-you\/\" 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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Don\u2019t hope for investment: Founder Fahmi Quadir says her edge is identifying shorts with accounting or other irregularities \u201cthat could cause a stock to lose more than 60 percent of its market value,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-01\/cohodes-protege-to-raise-200-million-for-a-short-hedge-fund\">Reuters reports<\/a>.<\/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=\"641970\" 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=\"641970\">\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 MARKETS YESTERDAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/by-the-numbers-2\/\">\r\n                            BY THE NUMBERS                        <\/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\/08\/02\/by-the-numbers-2\/\" 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\/08\/02\/by-the-numbers-2\/')\">\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\/08\/02\/by-the-numbers-2\/\">\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=BY THE NUMBERS&url=https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/by-the-numbers-2\/\">\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\/08\/02\/by-the-numbers-2\/&title=BY THE NUMBERS\">\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=BY+THE+NUMBERS+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F08%2F02%2Fby-the-numbers-2%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\/08\/02\/by-the-numbers-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641970\" class=\"content-area-description single-story post-641970 post type-post status-publish format-standard hentry category-the-markets-yesterday tag-enterpriseam tag-the-markets-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 17.8400 | Sell 17.9400<br \/>\n<strong>EGP \/ USD at CIB:<\/strong> Buy 17.81 | Sell 17.91<br \/>\n<strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 13,396 (-0.2%)<br \/>\n <strong>Turnover:<\/strong> EGP 692 mn<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +8.5%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session down 0.2%. CIB, the index heaviest constituent ended down 0.1%. EGX30\u2019s top performing constituents were: Elsewedy Electric up 2.2%, Domty up 2.0%, and Qalaa Holdings up 1.9%. Yesterday\u2019s worst performing stocks were: Egyptian Financial and Industrial down 1.6%, Eastern Co down 1.6%, and Heliopolis Housing down 1.3%. The market turnover was EGP 692 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -13.9 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +0.8 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +13.1 mn<\/p>\n<p><strong>Retail<\/strong>: 48.3% of total trades | 46.3% of buyers | 50.3% of sellers<br \/>\n <strong>Institutions<\/strong>: 51.7% of total trades | 53.7% of buyers | 49.7% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 34.2% of total | 33.2% of buyers | 35.0% of sellers<br \/>\n <strong>Regional:<\/strong> 5.4% of total | 5.5% of buyers | 5.4% of sellers<br \/>\n <strong>Domestic:<\/strong> 60.4% of total | 61.3% of buyers | 59.6% of sellers<\/p>\n<hr class=\"grey-line\">\n<p><span style=\"color: #299a0b; font-weight: bold;\">***<br \/>\nPHAROS VIEW<\/span><\/p>\n<\/p>\n<p><strong>Egypt External Debt Monitor \u2014 External Borrowing Leans Towards Longer Maturities in <\/strong><strong>3Q2016-17:<\/strong> Pharos Holding released a study concerning egypt\u2019s external debt covering debt ratio comparison between the third quarter of 2016 and of 2017; which assumes that the external debt accumulation will stabilise in the near term, due to the narrowing of Egypt\u2019s current account deficit following the recent reform measures, increased foreign direct investment and the government\u2019s fiscal consolidation.<br \/>\nEgypt\u2019s external debt rose by 9.8%. A percentage of 8.9% of this increase is due to the international bond issuance and medium \/ long term facilities the government has taken, whilst the remaining increase is caused by banks and the private sector, which rose slightly from USD 10.8 bn in 2QFY2016-17 to USD 11.7 bn in 3QFY2016-17. Pharos Holding also highlights that the short term external debt contribution to total external debt increase recorded only 1.0%, reflecting the positive reaction to the Egyptian economic reform programme. <a href=\"https:\/\/ent.news\/2017\/8\/564.pdf\">Read the full report here (pdf)<\/a>.<\/p>\n<p><p><span style=\"color: #299a0b; font-weight: bold;\">***<\/span><\/p>\n<hr class=\"grey-line\">\n<p><strong>WTI:<\/strong> USD 48.80 (-0.73%)<br \/>\n <strong>Brent:<\/strong> USD 51.44 (-0.66%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.81 MMBtu, (-0.32%, September 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,274.20 \/ troy ounce (-0.41%)<br\n<strong>TASI:<\/strong> 7,109.27 (+0.21%) (YTD: -1.40%)<br \/>\n <strong>ADX:<\/strong> 4,561.65 (-0.10%) (YTD: +0.34%)<br \/>\n <strong>DFM:<\/strong> 3,649.35 (+0.45%) (YTD: +3.36%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 413.73 (+0.11%) (YTD: +8.85%)<br \/>\n <strong>QE:<\/strong> 9,308.81 (-1.03%) (YTD: -10.81%)<br \/>\n <strong>MSM:<\/strong> 5,048.40 (+0.48%) (YTD: -12.70%)<br \/>\n <strong>BB: <\/strong>1,328.06 (+0.02%) (YTD: +8.82%)<\/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-markets-yesterday\/\">The markets 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=\"641971\" 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\/08\/02\/641971\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-641971\" class=\"content-area-description single-story post-641971 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>03-05 August (Thursday-Saturday): <a href=\"http:\/\/www.watrexexpo.com\/site\/\">Watrex Expo<\/a> Middle East, Cairo International Exhibition & Convention Center.<\/p>\n<p>17 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee to review policy rates.<\/p>\n<p>31 August-04 September (Thursday-Monday): Eid Al-Adha, national holiday (TBC) as specified by the Astronomical and Geophysics Institute. The Thursday is the waqfat Arafat, with the first day of the Eid on Friday, 1 September.<\/p>\n<p>September \u2014 The House of Representatives is due to begin discussion of the proposed bankruptcy bill.<\/p>\n<p>06-09 September (Wednesday-Saturday): 2017 China-Arab States Expo (Egypt is the Guest of Honor), Ningxia, China.<\/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>17-19 September (Sunday-Tuesday): Pipeline-Pipe-Sewer-Technology <a href=\"https:\/\/www.pipelinepipesewer.com\/\">Conference & Exhibition<\/a>, Intercontinental Citystars Hotel, Cairo.<\/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>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>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>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>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>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>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>7-9 December (Thursday-Saturday): <a href=\"http:\/\/www.businessforafricaforum.com\/\">Africa 2017<\/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":641932,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-641931","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4bf5aab2-ee55-4aef-8b9a-3ba51650823f","teaser":"","photo_url":"https:\/\/ent.news\/2017\/1\/1085.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>Someone in government finally had the [redacted] to say the education system is broken \u2014 and to suggest a way of fixing it - 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\/someone-in-government-finally-had-the-redacted-to-say-the-education-system-is-broken-and-to-suggest-a-way-of-fixing-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Someone in government finally had the [redacted] to say the education system is broken \u2014 and to suggest a way of fixing it\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/someone-in-government-finally-had-the-redacted-to-say-the-education-system-is-broken-and-to-suggest-a-way-of-fixing-it\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-17T17:51:37+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/1\/1085.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/someone-in-government-finally-had-the-redacted-to-say-the-education-system-is-broken-and-to-suggest-a-way-of-fixing-it\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/someone-in-government-finally-had-the-redacted-to-say-the-education-system-is-broken-and-to-suggest-a-way-of-fixing-it\/\",\"name\":\"Someone in government finally had the [redacted] to say the education system is broken \u2014 and to suggest a way of fixing it - 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