{"id":643264,"date":"2024-09-05T00:00:00","date_gmt":"2024-09-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=643264"},"modified":"2025-12-17T18:39:40","modified_gmt":"2025-12-17T18:39:40","slug":"egypt-turkey-deepen-cooperation-economic-ties-during-el-sisis-first-official-visit-to-turkey","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-turkey-deepen-cooperation-economic-ties-during-el-sisis-first-official-visit-to-turkey\/","title":{"rendered":"Egypt, Turkey deepen cooperation, economic ties during El Sisi\u2019s first official visit to Turkey"},"content":{"rendered":"<section id=\"643266\" 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=\"643266\">\r\n            \r\n                <div 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tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.3a1f9116-0bad-40bb-93bc-b3dd553b3379.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends.<\/strong> It\u2019s finally Thursday and the weekend is nearly upon us. But there\u2019s still one whole work day to go that may be more eventful than the most with the Central Bank of Egypt set to decide on our interest rate path ahead later today and details of Egypt-bound investments from Turkey and China coming our way starting to filter through the local press.<\/p><p class=\"tag-border-left\">HAPPENING TODAY- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- It\u2019s decision time for the MPC: <\/strong>The Central Bank of Egypt\u2019s Monetary Policy Committee is meeting later today to review rates. The committee delivered <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac569e2c-c6f2-480e-bdaa-3f1cd4f81d05\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac569e2c-c6f2-480e-bdaa-3f1cd4f81d05\" style=\"\" rel=\"noopener\">a 600 bps rate hike<\/a> following a surprise monetary policy meeting in March in conjunction with the float of the EGP and a larger loan package from the IMF being approved soon after and has not changed them since, citing its commitment to sustaining the current trajectory of inflation moderation. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The polls are in: <\/strong>The central bank is once again expected to leave interest rates unchanged as persisting inflationary pressures keep potential rates at bay, according to all analysts and economists <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6ce7d0d-e4c4-43a5-bcfc-bbd81940f659\/egypt%25e2%2580%2599s-central-bank-expected-to-keep-interest-rates-unchanged-when-it-meets-on-thursday\" style=\"\" rel=\"noopener\">surveyed by Enterprise<\/a> in a poll earlier this week. Those polled by Reuters agree, with 14 of the 15 that the newswire spoke to predicting that rates will be held steady and one penciling in a 100 bps rate cut.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- It\u2019s day two of the Forum on China-Africa Cooperation and news of Egypt-bound<\/strong><strong> investments have already been making the rounds: <\/strong><a target=\"_blank\" href=\"https:\/\/www.cnbm.com.cn\/EN\/\" style=\"\" rel=\"noopener\">China National Building<\/a><a target=\"_blank\" href=\"https:\/\/www.cnbm.com.cn\/EN\/\" style=\"\" rel=\"noopener\">Material Company (CNBM)<\/a> is interested in setting up a specialized 5 mn sqm industrial zone in Ain Sokhna, CNBM representatives <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0n2JiyWq1SMyoJ1ugapMYkbb9e31aRqkWCmLz96BpYZtReNpdsWrTsJnkwiNj34Pql?rdid=yAktHc55S4kTbYQd\" style=\"\" rel=\"noopener\">told<\/a> Suez Canal Economic Zone (SCZone) head Gamal Walid El Din yesterday. The proposed zone would focus on renewable energy industries \u2014 including wind turbine blades for electricity generation and solar energy systems.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And yet another Chinese auto manufacturer has signaled its interest in manufacturing<\/strong><strong> their vehicles here<\/strong>, with officials from the privately owned <a target=\"_blank\" href=\"https:\/\/www.gwm-global.com\/\" style=\"\" rel=\"noopener\">Great Wall Motors<\/a> \u2014 more commonly known as just GWM \u2014 discussing ways to localize our auto industry with El Din.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Watch this space for more investment news, courtesy of the Chinese public and private<\/strong><strong> sectors: <\/strong>Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05328bc0-911a-4841-ba26-270379a90cfe\/el-sisi-makes-long-awaited-first-official-trip-to-turkey-as-president\" style=\"\" rel=\"noopener\">is also attending the three-day event<\/a> and will apparently ink a number of MoUs and contracts related to \u2014 still as of yet unspecified \u2014 investments in the Suez Canal Economic Zone and the Egyptian telecommunications sector. The day before the forum kicked off, we got news that the country is extending a CNY 100 mn development grant \u2014 currently worth around EGP 681 mn or USD 14 mn \u2014 in order to implement a number of new joint projects.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#3- It\u2019s the third and last of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egypt-air-show.com\/\" style=\"\" rel=\"noopener\">Egypt International Airshow<\/a><\/strong>, which kicked off earlier this week in El Alamein. The event covers all things aviation, bringing together participants from over 300 companies from more than 100 countries. It also features exhibitions from 200+ companies, discussions from industry leaders, and even aircraft flyovers and displays.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The two-day US-Egypt Joint Economic Committee wraps up in Washington today,<\/strong> with government and business representatives set to discuss improving partnerships between American and Egyptian private sector companies, according to an Investment Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02tUzxgpkPAopRnfdNVEdzFHkRiyKDp8swAdjwaQxyYqQZQyKYj4tqdwXb5Md6BHbgl\" style=\"\" rel=\"noopener\">statement<\/a> out last month.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p class=\"tag-border-left\">CIRCLE YOUR CALENDAR-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- Kouchouk to address AmCham next Tuesday: <\/strong>Finance Minister Ahmed Kouchouk will be speaking at AmCham\u2019s monthly luncheon on 10 September. The event \u2014 which will be moderated by Grant Thornton Managing Partner Kamel Saleh \u2014 will be held at Cairo\u2019s Nile Ritz Carlton from 1-4pm. Register to attend <a target=\"_blank\" href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\" style=\"\" rel=\"noopener\">here<\/a>.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Technology conference <\/strong><strong><a target=\"_blank\" href=\"https:\/\/techinvest5.markade.org\/?fbclid=IwY2xjawFFQJhleHRuA2FlbQIxMAABHZBP6E594vQrM1PChacgWOzu5N5pkd_vIx76_yEUkglOVy1mzzjUuG0n1Q_aem_Z-N9QIhLC1nkUbqcgGf7-w\" style=\"\" rel=\"noopener\">Tech Invest 5<\/a><\/strong><strong> is scheduled for Tuesday, 10 September <\/strong>with a long list of experts in the field set to attend \u2014 including CIT Minister Amr Talaat and Information Technology Industry Development Agency CEO Ahmed Elzaher. The event will bring together over 200 tech companies, 50 investors, and 20 incubators and accelerators. The conference is taking place next Tuesday in New Cairo. Get your ticket for the event <a target=\"_blank\" href=\"https:\/\/ti.to\/tech-invest\/tech-invest-5\/with\/attendee\" style=\"\" rel=\"noopener\">here<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"tag-border-left\">PSA-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Your phone bill may be getting pricier: <\/strong>Authorities are looking into requests by local telecom players to hike their prices in response to increased operating costs following the float of the EGP and higher fuel prices, an anonymous government official told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/52800\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A7%D9%84%D8%B3%D9%85%D8%A7%D8%AD-%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA-%D8%A8%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%AE%D8%AF%D9%85%D8%A7%D8%AA%D9%87%D8%A7\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Temperatures are continuing to slowly down from their summer highs in<\/strong><strong> Cairo today,<\/strong> with a high of 33\u00b0C and a low of 26\u00b0C, according to our favorite weather app.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a similar story in Alexandria and along the North Coast<\/strong>, with a high of 32\u00b0C and a low of 24\u00b0C.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And over the weekend, <\/strong>expect to see temperatures remaining the same in the capital and likewise for our friends on the Mediterranean.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"http:\/\/finance2024.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/282.jpg?ssl=1\"><\/a> <\/p><p class=\"tag-border-left\">SIGN OF THE TIMES-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Demand for Coke and Pepsi is fizzling out:<\/strong> Consumer boycotts of soda-makers Coca-Cola and PepsiCo have led sales of the quintessentially American soda brands to plummet in Muslim-majority countries, as consumers reject longtime symbols of US corporate and cultural hegemony in light of the US\u2019 enabling of the ongoing Israeli assault on Gaza, writes <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/coke-pepsi-boycott-over-gaza-lifts-muslim-countries-local-sodas-2024-09-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Volumes of Coke sold in Egypt reportedly declined by double-digit percentage points <\/strong>in the first six months of 2024, the newswire added. By contrast, local soda manufacturer V7 exported three times as many bottles of its soft drinks as it did last year \u2014 a sign that Pepsi and Coke\u2019s loss may be local soda producers\u2019 gain. Across the region more broadly, market researcher NielsenIQ estimated that beverage sales of Western companies have declined by 7% across the MENA region in the first six months of 2024.<\/p><p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With no one story dominating headlines in the business press this morning, we bring you <\/strong><strong>a smattering of news at the intersection of business and US politics<\/strong>, alongside a heads-up on OPEC\u2019s latest output hike deliberations.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>White House may axe Nippon Steel\u2019s acquisition of US Steel<\/strong>, with Joe Biden reportedly close to blocking the Japanese company\u2019s USD 14.9 bn bid <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/us-steel-would-close-mills-move-headquarters-if-149-bln-nippon-deal-collapses-2024-09-04\/\" style=\"\" rel=\"noopener\">in light of<\/a> \u201cnational security concerns\u201d \u2014 a concern that many Washington insiders and experts in the field have <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b8427273-7ee7-48de-af1e-3a972e5a0fcf\" style=\"\" rel=\"noopener\">privately ridiculed<\/a>. Election year politics are truly glorious.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timing of the news is far from coincidental<\/strong>, with the move \u2014 which Trump and Harris also say they support \u2014 <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/09\/04\/us\/politics\/biden-us-steel-nippon.html\" style=\"\" rel=\"noopener\">understood<\/a> to be a pivot to unionized workers in the swing state of Pennsylvania concerned about the takeover ahead of the November election. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For Trump, it\u2019s not only his poll numbers that are slipping:<\/strong> Shares in the Republican nominee\u2019s Trump Media &amp; Technology Group <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/sep\/04\/trump-media-djt-stock\" style=\"\" rel=\"noopener\">took a tumble<\/a> yesterday, wiping all the company\u2019s gains since January. Under a lock-up agreement, Trump is unable to sell his shares until the end of this month and has had to sit tight as his majority stake in the company lose more than half its value since March.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON WALL STREET\u2013 Nvidia\u2019s terrible Tuesday may not have been as bad as we told<\/strong>, as the AI chip goliath <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-04\/nvidia-says-it-has-not-been-subpoenaed-by-justice-department?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">rejected<\/a> a <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-03\/nvidia-gets-doj-subpoena-in-escalating-antitrust-investigation?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg report<\/a> saying that it had been subpoenaed in an antitrust probe being carried out by the US Department of Justice.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THE OIL MARKETS- OPEC+ is considering <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-04\/opec-discusses-possible-delay-to-oil-output-hike-delegates-say?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">delaying<\/a><\/strong><strong> a planned 180k bpd output hike in <\/strong><strong>October<\/strong> after prices fell to their lowest level in a year. <\/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\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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=\"643268 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"643268\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/643268\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643268\" class=\"content-area-description single-story post-643268 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/somabay.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1807.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:700\">Beauty unveiled amidst ancient wonders: <\/span><span style=\"font-weight:400;\">Celebrate the beauty, nature, and cultural legacy of 30 nations as Miss Elite 2024 returns to the enchanting shores of Somabay from 2-14 September. For the fourth consecutive year, Somabay is hosting this prestigious international beauty pageant, celebrating women\u2019s beauty and intelligence on a global scale. Experience the fusion of antiquity and modern elegance by attending the Grand Finale on 13 September at Mazeej Soma Beach Platform.<\/span><\/p>\n<\/div>\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=\"643269\" 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=\"643269\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/cairo-ankara-deepen-cooperation-economic-ties-during-el-sisis-first-official-visit-to-turkey\/\">\r\n                            Cairo, Ankara deepen cooperation, economic ties during El Sisi\u2019s first official visit to Turkey                        <\/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\/2024\/09\/05\/cairo-ankara-deepen-cooperation-economic-ties-during-el-sisis-first-official-visit-to-turkey\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/394.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643269\" class=\"content-area-description single-story post-643269 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-abdel-fattah-el-sisi tag-agriculture tag-diplomacy tag-egypt-turkey-relations tag-enterpriseam tag-gaza tag-industry tag-investment-watch tag-new-administrative-capital tag-recep-tayyip-erdogan tag-tourism tag-trade tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.1eb498c1-7e82-44c2-98fa-2c2003fbeba8.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>President Abdel Fattah El Sisi made his first official visit to Turkey<\/strong><strong> yesterday <\/strong>\u2014 and the first for an Egyptian president in 12 years \u2014 meeting with his Turkish counterpart Recep Tayyip Erdogan in the latest step toward strengthening relations between the former regional rivals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The itinerary:<\/strong> The long-awaited and much-anticipated visit began with Erdogan <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/egypt-president-elsissi-visits-turkey-erdogan-f035a1e11aa3f681dd986dd7444b4b76\" style=\"\" rel=\"noopener\">welcoming<\/a> El Sisi personally as he disembarked from his plane in Ankara yesterday, followed by a ride to the Turkish president\u2019s palace for two hours of talks. The two presidents later held a joint presser (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=giJYVVFf_U4\" style=\"\" rel=\"noopener\">watch, runtime: 33:50<\/a>) where they stressed their desire to expand ties and oversaw the signing of 18 MoUs. El Sisi <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1073637707458290?ref=embed_post\" style=\"\" rel=\"noopener\">returned to Egypt<\/a> the same day.<\/p>\n<p class=\"tag-border-left\">ON THE DIPLOMATIC FRONT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two countries are on the same page on Gaza:<\/strong> At the joint presser, Erdogan <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypts-sisi-heads-turkey-first-presidential-visit-12-years-2024-09-04\/\" style=\"\" rel=\"noopener\">said<\/a> that the countries share a common stance on the Palestinian cause, with El Sisi noting \u201cthe unity of Egypt and Turkey\u2019s positions\u2026regarding the demand for an immediate ceasefire and Israel\u2019s current escalation in the West Bank.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>They also discussed developments in Libya, often a sticking point in the past:<\/strong> \u201cWe stress that it is important to turn the page on the ongoing crisis through holding presidential and parliamentary elections,\u201d El Sisi said, adding that \u201cillegal foreign forces and mercenaries\u201d need to leave the country, alongside the disbandment of local militias.<\/p>\n<p class=\"tag-border-left\">ON THE ECONOMIC FRONT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boosting bitrade is a top priority: <\/strong>The Turkish president reiterated that the two countries seek to boost trade nearly threefold from USD 5 bn to USD 15 bn over the next five years \u2014 giving a timeline to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48bca33e-8ea3-4ae0-b47e-228e52792cc8\/turkish-fm-is-in-town\" style=\"\" rel=\"noopener\">previously announced goal<\/a> \u2014 while El Sisi mentioned the possibility of offering Turkish businesses facilitations to increase the volume of their business. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the two countries are planning to jump into action straight away: <\/strong>The two sides plan to boost the volume of trade between them to USD 8 bn next year, up from last year\u2019s USD 6.6 bn, a government official told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/commerce\/52745\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D9%86%D9%85%D9%88-%D8%A7%D9%84%D8%AA%D8%A8%D8%A7%D8%AF%D9%84-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A-%D9%85%D8%B9-%D8%AA%D8%B1%D9%83%D9%8A%D8%A7-%D8%A5%D9%84%D9%89-8-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re waiting to find out the details of a flurry of MoUs signed between the countries<\/strong><strong> yesterday: <\/strong>The countries signed 18 MoUs seeking to deepen cooperation between the two countries concerning transport, energy, defense, education, tourism, health, culture, agriculture and finance. In the presser, Erdogan also made specific reference to Turkey being interested in deepening natural gas and nuclear energy cooperation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll have another opportunity to expand business ties later this month <\/strong>when a delegation of Egyptian businessmen will be heading to Turkey to discuss ways to boost trade and investments between the two sides, Executive Director of the Egyptian Businessmen Association Mohamed Youssef told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/09\/04\/%D9%88%D9%81%D8%AF-%D8%B1%D8%AC%D8%A7%D9%84-%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D9%85%D8%B5%D8%B1%D9%8A-%D9%8A%D8%AA%D8%AC%D9%87%D9%91%D8%B2-%D9%84%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D8%AA%D8%B1%D9%83%D9%8A%D8%A7-%D8%AE%D9%84%D8%A7%D9%84-%D8%B3%D8%A8%D8%AA%D9%85%D8%A8%D8%B1\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/p>\n<p class=\"tag-border-left\">A LONG TIME COMING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The trip is a major milestone:<\/strong> The visit, which follows <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ae5b0fc-803e-47d7-a69e-acd5831c4f19\/erdogan-talks-trade,-politics-with-el-sisi-in-his-first-visit-to-cairo-in-over-a-decade\" style=\"\" rel=\"noopener\">Erdogan\u2019s trip to Cairo in February<\/a>, is a landmark moment for the two erstwhile antagonists, which once clashed on issues ranging from support for the Muslim Brotherhood to competing interests in Libya and disputes in the eastern Mediterranean.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Since 2020, Ankara has been on a diplomatic offensive to ease relations with Egypt, the<\/strong><strong> UAE, and Saudi Arabia,<\/strong> ultimately culminating in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86164994-150e-42f8-ba9d-13cd0a5c12bc\/this-evening:-egypt,-turkey-restore-diplomatic-ties-and-appoint-ambassadors\" style=\"\" rel=\"noopener\">reappointment of ambassadors<\/a> between Cairo and Ankara in July 2023. Speaking to Yahduth Fi Masr\u2019s Sherif Amr on Tuesday, Turkey\u2019s ambassador to Egypt Salih Mutlu Sen called El Sisi\u2019s first visit to Ankara as president <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/029eb4bd-9b67-488e-96a1-e0bf2f46166b\/egypt-rejects-netenyahu%25e2%2580%2599s-statements-on-the-philadelphi-corridor\" style=\"\" rel=\"noopener\">\u201chistoric and of special significance,\u201d<\/a> adding that his country is \u201cseeking to reconcile with Egypt after a period of stagnation\u201d in relations. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-turkey-relations\/\">Egypt-Turkey relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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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=\"643272\">\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\">Automotive<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/stellantis-to-restart-assembling-new-jeep-model-locally\/\">\r\n                            Auto player Stellantis to restart assembling new Jeep model 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\" 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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/stellantis-to-restart-assembling-new-jeep-model-locally\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/355.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"643273\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/stellantis-to-restart-assembling-new-jeep-model-locally\/355-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/355.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"355.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/355.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/355.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643272\" class=\"content-area-description single-story post-643272 post type-post status-publish format-standard has-post-thumbnail hentry category-automotive tag-automotive tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.6a64bb92-2bc0-4dc3-8517-ecbe8bbf0c84.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Our auto localization eff<\/strong><strong>orts are bearing fruit: <\/strong>Automotive player Stellantis has announced that it would <font face=\"Arial\">re<\/font>start assembling the <a target=\"_blank\" href=\"https:\/\/www.jeep.com\/grand-cherokee\/3-row-suv.html\" style=\"\" rel=\"noopener\">Jeep Grand Cherokee L<\/a> locally at the factories of the Arab Organization for Industrialization (AOI)\u2019s Arab American Vehicles Company, the company said in a <a target=\"_blank\" href=\"https:\/\/www.media.stellantis.com\/me-en\/corporate-communications\/press\/stellantis-strengthens-its-commitment-to-egypt-with-local-manufacturing-and-assembly-of-jeep-grand-cherokee-l\" style=\"\" rel=\"noopener\">press release<\/a>. The move is a \u201cvote of confidence in the capabilities of Egyptian professionals and the strength of local infrastructure,\u201d the release said. The company had been looking to expand its local assembly line to include two new models, holding discussions in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e26a169-200d-4f67-9f07-01b0a2ab2c24\/we%25e2%2580%2599re-getting-two-more-lng-shipments-soon.-plus:-news-from-telecom-egypt,-ebrd,%253cmark%253e-stellantis%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">July<\/a> with the AOI over the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \"We're recommitting to Egypt's industrial growth and solidifying our position in the MEA region,\u201d COO of Stellantis Middle East and Africa Samir Cherfan said. \u201cOur goal is to achieve market leadership in Egypt and increase our regional market share to over 22% by 2030,\" he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Citroen models could be next: <\/strong>Stellantis is reportedly in talks with the Industry Ministry over assembling Citroen\u2019s C4X model in Egypt, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%b5%d8%a7%d8%af%d8%b1-%d8%ad%d9%83%d9%88%d9%85%d9%8a%d8%a9-%d8%b3%d8%aa%d9%8a%d9%84%d8%a7%d9%86%d8%aa%d8%b3-%d8%aa%d8%af%d8%b1%d8%b3-%d8%a5%d9%86%d8%aa%d8%a7%d8%ac-%d8%b3\/\" style=\"\" rel=\"noopener\">A<\/a><a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%b5%d8%a7%d8%af%d8%b1-%d8%ad%d9%83%d9%88%d9%85%d9%8a%d8%a9-%d8%b3%d8%aa%d9%8a%d9%84%d8%a7%d9%86%d8%aa%d8%b3-%d8%aa%d8%af%d8%b1%d8%b3-%d8%a5%d9%86%d8%aa%d8%a7%d8%ac-%d8%b3\/\" style=\"\" rel=\"noopener\">l M<\/a><a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%b5%d8%a7%d8%af%d8%b1-%d8%ad%d9%83%d9%88%d9%85%d9%8a%d8%a9-%d8%b3%d8%aa%d9%8a%d9%84%d8%a7%d9%86%d8%aa%d8%b3-%d8%aa%d8%af%d8%b1%d8%b3-%d8%a5%d9%86%d8%aa%d8%a7%d8%ac-%d8%b3\/\" style=\"\" rel=\"noopener\">al<\/a> reports, citing unnamed government sources. The company is currently in discussion with component suppliers as it works to meet the government\u2019s local component ratio of at least 45%. Unconfirmed reports out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32b1d496-5af1-4ce7-9136-68f26f03f34e\/%3cmark%3e%3c\/mark%3eauto%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3edistributors%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3epush%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3efor%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3emore%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3elocally%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3eassembled%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3evehicles%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3eto%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3emake%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3eup%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3efor%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3eimport%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3erestrictions%3cmark%3e%3c\/mark%3e.%3cmark%3e%3c\/mark%3e%3cmark%3e%3c\/mark%3eplus%3cmark%3e%3c\/mark%3e:%3cmark%3e%3c\/mark%3e%3cmark%3e%3c\/mark%3esomabay%3cmark%3e%3c\/mark%3e-+%3cmark%3e%3c\/mark%3e%3cmark%3e%3c\/mark%3eredcon%3cmark%3e%3c\/mark%3e,%3cmark%3e%3c\/mark%3e%3cmark%3e%3c\/mark%3esodic%3cmark%3e%3c\/mark%3e,%3cmark%3e%3c\/mark%3e%3cmark%3e%3c\/mark%3etmg%3cmark%3e%3c\/mark%3e,%3cmark%3e%3c\/mark%3e%3cmark%3e%3c\/mark%3emass%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3edevelopments%3cmark%3e%3c\/mark%3e,%3cmark%3e%3c\/mark%3e%3cmark%3e%3c\/mark%3eefg%3cmark%3e%3c\/mark%3e-%3cmark%3e%3c\/mark%3ehermes%3cmark%3e%3c\/mark%3e,%3cmark%3e%3c\/mark%3e%3cmark%3e%3c\/mark%3ekima%3cmark%3e%3c\/mark%3e\" style=\"\" rel=\"noopener\">this week said<\/a> the company is looking into exporting locally-made Citroen models to Libya and Algeria, among a number of other Arab nations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The Madbouly government has been working to localize the auto industry, introducing the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a06d4ec-4025-490e-8842-45c8a9fe0d8a\" style=\"\" rel=\"noopener\">Egyptian Automotive Industry Development Program (AIDP)<\/a> in 2022, which will offer incentives to auto players with the aim of localizing the industry and its feeder industries, with the aim of enhancing the country\u2019s existing assembly and manufacturing capabilities \u2014 and of encouraging new investment to the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Read more: <\/strong>We dove into the government\u2019s efforts to localize the auto industry in an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c1ed2652-13a2-4dbb-ad35-647e35adcae1\/\" style=\"\" rel=\"noopener\">Inside Industry<\/a> published earlier this week.<\/p>\n<p class=\"tag-border-left\">AND AN IMPORTANT NOTICE FOR THOSE WHO LIKE TO DRIVE A MERCEDES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Think twice before buying a Chinese-imported Mercedes EV:<\/strong> Mercedes Benz Egypt has issued a warning to its customers about purchasing a number of its EV models that have been imported into the local market from China, saying in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/359.pdf\" style=\"\" rel=\"noopener\">p<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/359.pdf\" style=\"\" rel=\"noopener\">ress re<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/359.pdf\" style=\"\" rel=\"noopener\">lease (pdf)<\/a> that these models were specifically manufactured for the Chinese market and aren\u2019t being sold locally by the firm or its authorized dealers network. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The models include<\/strong> the EQA, EQB, EQE, EQE SUV, EQS, EQS SUV and their high-performance Mercedes-AMG variants, the company said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The imported models won\u2019t be covered under the company\u2019s warranty program in Egypt<\/strong> due to their \u201cdifferent technical specifications and charging requirements,\u201d but it will provide limited services to the vehicles through its authorized network depending on the availability of parts and technical capabilities, the statement read.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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=\"643274\" 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=\"643274\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/war-in-gaza-and-falling-gas-production-continue-to-be-thorns-in-economys-side-says-bmi-report\/\">\r\n                            War in Gaza and falling gas production continue to be thorns in economy\u2019s side, says BMI report                        <\/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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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/373.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"373.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/373.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/373.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643274\" class=\"content-area-description single-story post-643274 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-bmi-research tag-debt tag-economy tag-energy tag-enterpriseam tag-fitch tag-foreign-exchange tag-gcc tag-gdp tag-inflation tag-interest-rates tag-oil-and-gas tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.4aad7439-4a57-490b-90fd-4968527d868b.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fitch Solutions\u2019 research unit BMI is out with a somewhat somber 4Q 2024<\/strong> <strong>risk report <\/strong><strong>for Egypt, <\/strong>with the research service highlighting the ongoing economic impact of the war in Gaza and sluggish oil and gas production as weighing on Egypt\u2019s fortunes in the coming period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One caveat:<\/strong> It\u2019s worth bearing in mind that at least parts of this report were written around 8 August, three days after a global stock selloff saw investors flee Egyptian and emerging market debt instruments for safe haven assets and five days after the assassination of Ismail Haniyeh in Tehran saw regional tensions reach new heights. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Times ar<\/strong><strong>e tough, but BMI is standing by its forecasts for the current fiscal year: <\/strong>In <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/150370b7-8811-44e0-8b91-782cfb66541c\" style=\"\" rel=\"noopener\">agreement<\/a> with the new Madbouly government and 0.1 percentage points above <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f20e8b9-2a88-4d84-9c4c-cbb7083d24eb\/imf-trims-egypt%25e2%2580%2599s-growth-outlook\" style=\"\" rel=\"noopener\">what the IMF is forecasting<\/a>, the BMI has held steady with its forecast that growth will pick it up to 4.2% during FY 2024-25.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no one factor driving the uptick<\/strong>, with the research unit pointing to expected higher foreign investment, a recovery in domestic manufacturing as producers take advantage of the weak EGP to increase exports, and an end to the war in Gaza by the close of 2024 bringing traffic back through the Suez Canal and increasing investor appetite for Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BMI also wound down its growth figures for the last fiscal year<\/strong>, with it now saying that the economy grew 3.0% in FY 2023-24, down 0.2 percentage points from its previous estimate of 3.2%. But it\u2019s not all bad news, with the group calculating that growth bottomed out at 2.2% y-o-y in the third quarter of the fiscal year, before then jumping up to 4.8% in the last quarter \u2014 which uncoincidentally followed the float of the EGP and flow of tens of bns of investment coming into the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But going forwards, risks remain \u2014 especially if Israel\u2019s murderous war on Gaza<\/strong><strong> continues into 2025: <\/strong>Israel\u2019s war on Gaza and the risk of regional escalation are turning away some investors, ensuring a volatile EGP, and making the country\u2019s economic recovery fragile. With BMI\u2019s growth projection for next year based on the assumption that Israel\u2019s war will end before the end of the calendar year, a prolonged war and especially one that expands into Lebanon could have serious consequences for Egypt\u2019s economy. A longer war would continue to pressure Suez Canal transit receipts, turn away investors, crash the tourism industry, and potentially lead to Israel turning off its gas exports to Egypt, preventing the country filling energy shortages or using liquefaction facilities to re-export gas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A global economic slowdown could also weigh on Egypt\u2019s recovery,<\/strong> especially if lower oil prices translate into economic trouble for GCC states, a source of much-needed investment as public investment declines amid high debt service costs. In the mix too is the effect that slower GCC growth could have on remittances, which have recovered significantly in recent months with the end of the parallel market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lower gas production could prove a real problem for long-term growth<\/strong>, with the research unit expecting more growth to stagnate in a few years in lieu of further oil and gas discoveries \u2014 a rate the report deems just enough to absorb new labor market entrants. BMI sees growth falling to 4.1% in the fiscal year ending 2027 and to continue plus or minus 0.1 percentage point until at least the fiscal year ending 2033, when its forecasts ends.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our energy shortages are also weighing on our exports<\/strong>, as while non-oil exports are set to grow during the coming period, their impact will be capped by a need to import more hydrocarbons. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alongside this, consumer spending is set to slow <\/strong>by 2.8% in the current fiscal in light of sticky inflation, lower real wages, and a lag in the impact of monetary loosening, which the report does not expect to begin before 1Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of inflation: <\/strong>The report sees average inflation coming in at 29.0% in 2024 and 18.1% in 2025, \u201cbefore converging to an average of 7.0% y-o-y between 2026 and 2033.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We<\/strong><strong> should expect currency volatility through the end of the year: <\/strong>The research service projects that the EGP will trade between EGP 47.90 and EGP 49.50 to the greenback until year-end with an average of EGP 49.19, penciling in greater exchange rate volatility than previously expected due to heightened geopolitical risk. The EGP is likely to weaken further in 2025, according to the report, with the exchange rate projected to settle at EGP 49.67 to the greenback by the end of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Increased FX reserves not likely to be a bulwark against big external shocks: <\/strong>The report expects FX reserves to rise to USD 41.7 bn by the end of the fiscal year ending 2025, enough to cover approximately 5.6 months of imports, off the back of increased investment and a possible debt issuance in 2025. However, our high debt service obligations and exhaustion of most sources of funds mean that the economy will still struggle to explore large-scale shocks, the report says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt remains exposed to hot money\u2019s vacillations:<\/strong> The report estimates that foreigners hold around half of treasury bills with a maturity of up to 12 months, amounting to about 90% of FX reserves. According to BMI, \u201cany large shock or an intensification in geopolitical risks could lead to the reversal of these flows.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bmi-research\/\">BMI Research<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n               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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/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=\"643276 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"643276\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/643276\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643276\" class=\"content-area-description single-story post-643276 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.grantthornton.global\/en\/locations\/Egypt\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/674.png?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"643277\" 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=\"643277\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/macro-group-reduces-loses-in-2q\/\">\r\n                            Macro Group reduces loses in 2Q                        <\/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\" 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             \n<article id=\"post-643277\" class=\"content-area-description single-story post-643277 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam tag-healthcare tag-macro-group tag-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.5e6d472d-68b0-4e00-9a7f-d8597b9159b8.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A difficult 1H for Macro Group: <\/strong>Macro Group Pharmaceuticals saw revenue fall 54% y-o-y to EGP 155 mn on the back of \u201cstock coverage restrictions on key pharma distributors and the execution of a one-time return of obsolete products\u201d that were taken to \u201cpreserve product quality and protect market reputation,\u201d the cosmeceuticals said in its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/392.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. In the same period, its bottom fell 403% y-o-y to record a net loss of EGP 89 mn in 1H 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sales dropped 53% y-o-y to 3.3 mn units in the first half of the year,<\/strong> with Chairman Ahmed Elnayeb pointing to \u201creduced volumes and liquidity constraints within Egypt\u2019s pharmaceutical distribution network\u201d as driving the poor showing. Sales to key accounts contributed 57% of total revenue for the half, followed by direct sales which contributed another 33.6%. The remaining 8.9% in revenue was generated via pharmacy sales and exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But it\u2019s a rosier picture q-o-q: <\/strong>Revenues in 2Q came in at EGP 96 mn \u2014 marking a 61% uptick on a quarterly by quarterly basis \u2014 which the company says signals \u201cthe beginning of a recovery as stock levels stabilize and the company shifts focus to top-line growth. Its bottomline went from a loss of EGP 41 mn in the first quarter to a net loss of EGP 11 mn in the second quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Macro Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2acea2b9-91eb-4ecb-a12c-66be3b79724c\/%253cmark%253emacro-group%253c%2Fmark%253e-turns-to-losses-in-2023\" style=\"\" rel=\"noopener\">turned to losses in 2023<\/a> on the back of \u201clow operating profitability, a hike in one-off impairment losses on financial and non-financial assets\u201d as well as a \u201csignificant increase\u201d in net finance costs during the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The path forward: <\/strong>\u201cBolstered by the support of its key shareholders, as evidenced by the shareholder loans totalling EGP 150 mn that have been injected, the group is confident in its ability to overcome current challenges and continue delivering value to its stakeholders, leveraging its strong market presence and industry expertise,\u201d the press release said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/macro-group\/\">Macro Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/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=\"643279 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"643279\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/643279\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643279\" class=\"content-area-description single-story post-643279 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.sodic.com\/SodicContactUs\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1877.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"643280\" 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=\"643280\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/diplomacy-carries-the-airwaves-as-talk-show-hosts-break-down-el-sisis-trip-to-turkey\/\">\r\n                            Diplomacy carries the airwaves as talk show hosts break down El Sisi\u2019s trip to Turkey                        <\/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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data-image-meta=\"[]\" data-image-title=\"400.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/400.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/400.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643280\" class=\"content-area-description single-story post-643280 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-diplomacy tag-enterpriseam tag-gaza tag-israel tag-last-nights-talk-shows tag-middle-east-politics tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.d82bbc42-48a3-4100-9773-9fcca91cbe68.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The<\/strong><strong> talk show circuit continued to dissect Egypt-Turkey relations last night<\/strong> amid President Abdel Fattah El Sisi\u2019s inaugural trip as president to Turkey, in addition to rising tensions between Cairo and Tel Aviv.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> trip was widely lauded as historic:<\/strong> In a phone call with Sherif Amer on his show Yahduth Fi Masr, writer and political analyst Abdel Moneim Said described President Abdel Fattah El Sisi\u2019s meeting with his Turkish counterpart Recep Tayyip Erdogan as a \u201cgathering of the wise\u201d of the region (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/1059113305791907\" style=\"\" rel=\"noopener\">watch, runtime: 1:29<\/a>). Meanwhile, Ahmed Moussa said on his show Ala Mas\u2019ouleety that \u201cthis is a completely different day in Egyptian-Turkish relations. President Sisi\u2019s visit to Ankara marks a very important beginning for what is to come between the two countries\u201d (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/live\/?ref=watch_permalink&amp;v=1189083965730318\" style=\"\" rel=\"noopener\">watch, runtime: 20:39<\/a>). Faten Abdel Maaboud said on her show Salaat El Tahrir that \u201cPresident Sisi\u2019s visit to Turkey represents a new milestone in the path of strengthening relations between the two countries\u201d (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=_QbeFd3fbhU\" style=\"\" rel=\"noopener\">watch, runtime: 3:31<\/a>). We have a full rundown of the visit in the news well above.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> talk shows once again dedicated significant airtime to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/ar\/news\/story\/b08ed690-f0b1-42a0-9023-f2e6657bb61e\/%d9%85%d8%b5%d8%b1-%d8%aa%d8%b1%d9%81%d8%b6-%d8%aa%d8%b5%d8%b1%d9%8a%d8%ad%d8%a7%d8%aa-%d9%86%d8%aa%d9%86%d9%8a%d8%a7%d9%87%d9%88-%d8%a8%d8%b4%d8%a3%d9%86-%d9%85%d8%ad%d9%88%d8%b1-%d9%81%d9%8a%d9%84%d8%a7%d8%af%d9%84%d9%81%d9%8a%d8%a7-%d9%88%d8%aa%d8%ad%d9%85%d9%84-%d8%a7%d9%84%d8%ad%d9%83%d9%88%d9%85%d8%a9-%d8%a7%d9%84%d8%a5%d8%b3%d8%b1%d8%a7%d8%a6%d9%8a%d9%84%d9%8a%d8%a9-%d8%b9%d9%88%d8%a7%d9%82%d8%a8%d9%87%d8%a7\" style=\"\" rel=\"noopener\">rising tensions between Egypt<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/ar\/news\/story\/b08ed690-f0b1-42a0-9023-f2e6657bb61e\/%d9%85%d8%b5%d8%b1-%d8%aa%d8%b1%d9%81%d8%b6-%d8%aa%d8%b5%d8%b1%d9%8a%d8%ad%d8%a7%d8%aa-%d9%86%d8%aa%d9%86%d9%8a%d8%a7%d9%87%d9%88-%d8%a8%d8%b4%d8%a3%d9%86-%d9%85%d8%ad%d9%88%d8%b1-%d9%81%d9%8a%d9%84%d8%a7%d8%af%d9%84%d9%81%d9%8a%d8%a7-%d9%88%d8%aa%d8%ad%d9%85%d9%84-%d8%a7%d9%84%d8%ad%d9%83%d9%88%d9%85%d8%a9-%d8%a7%d9%84%d8%a5%d8%b3%d8%b1%d8%a7%d8%a6%d9%8a%d9%84%d9%8a%d8%a9-%d8%b9%d9%88%d8%a7%d9%82%d8%a8%d9%87%d8%a7\" style=\"\" rel=\"noopener\">and Israel<\/a><\/strong> after a high-level source told <a target=\"_blank\" href=\"https:\/\/alqaheranews.net\/news\/94599\/%D9%85%D8%B5%D8%AF%D8%B1-%D8%B1%D9%81%D9%8A%D8%B9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%88%D9%89-%D8%AA%D8%B1%D9%88%D9%8A%D8%AC-%D9%86%D8%AA%D9%86%D9%8A%D8%A7%D9%87%D9%88-%D9%84%D8%AA%D9%87%D8%B1%D9%8A%D8%A8-%D8%A7%D9%84%D8%B3%D9%84%D8%A7%D8%AD-%D9%85%D9%86-%D9%85%D8%B5%D8%B1-%D8%A3%D9%83%D8%B0%D9%88%D8%A8%D8%A9-%D9%84%D8%AA%D8%A8%D8%B1%D9%8A%D8%B1-%D9%81%D8%B4%D9%84%D9%87-%D9%81%D9%8A-%D8%BA%D8%B2%D8%A9\" style=\"\" rel=\"noopener\">Al Qahera News<\/a> that Israeli Prime Minister Benjamin Netanyahu is spreading lies to cover up his failure in Gaza, adding that the Israeli PM\u2019s claims that arms are being smuggled from Egypt to Gaza via the Philadelphi Corridor is yet another lie to justify his government\u2019s failure to control arms smuggling from Israel to Gaza.\u201d The source emphasized that \u201cthe Israeli government has completely lost its credibility both domestically and internationally,\u201d pointing to \u201cthe dissatisfaction of all parties with the continued failure of the Israeli prime minister to reach a ceasefire agreement.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201c<\/strong><strong>War<\/strong><strong> criminal Netanyahu continues to repeat lies,\u201d<\/strong> Ahmed Moussa said on Ala Mas\u2019ouleety, calling on the Foreign Affairs Ministry to respond (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=ve5phm2BkS8\" style=\"\" rel=\"noopener\">watch, runtime: 7:22<\/a>). He added that \u201cNetanyahu continues to direct accusations at the Egyptian state. He and the occupation forces will be buried in the sands of Gaza.\u201d <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east-politics\/\">Middle East politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/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=\"643282\" 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=\"643282\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/the-international-press-take-note-of-the-new-capitals-forbes-international-tower-that-is-set-to-become-the-worlds-first-net-zero-carbon-tower\/\">\r\n                            The new capital\u2019s Forbes International Tower is set to become the world\u2019s first net-zero-carbon tower                        <\/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\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/the-international-press-take-note-of-the-new-capitals-forbes-international-tower-that-is-set-to-become-the-worlds-first-net-zero-carbon-tower\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/351.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"643283\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/the-international-press-take-note-of-the-new-capitals-forbes-international-tower-that-is-set-to-become-the-worlds-first-net-zero-carbon-tower\/351-jpg-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/351.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"351.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/351.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/351.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643282\" class=\"content-area-description single-story post-643282 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-enterpriseam tag-forbes tag-new-administrative-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.7a23eb2a-bd0c-49f0-9af9-9ae84a17e88b.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Our green skyscraper under the spotlight: <\/strong><a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/style\/cairo-forbes-international-tower-hydrogen-nac-spc\/index.html\" style=\"\" rel=\"noopener\">CN<\/a><a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/style\/cairo-forbes-international-tower-hydrogen-nac-spc\/index.html\" style=\"\" rel=\"noopener\">N<\/a> is out with a deep dive into the new capital\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08a4539d-f710-47fb-b8ea-3c9af2c681ea\/turkish-usd-700-mn-denim-factory-gets-gov%25e2%2580%2599t-greenlight.-plus:-ades-inks-drilling-contract,%253cmark%253e-forbes-international-tower%253c%2Fmark%253e-to-cost-usd-1-bn,-sahl-eyes-digital-banking-license,-alwady-green-heads-to-ksa\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> Forbes International Tower, which will be powered by hydrogen and solar power. Tower developer, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/134bc861-b872-4c13-800a-e91f438c45b6\/%253cmark%253eforbes%253c%2Fmark%253e%253cmark%253e-international%253c%2Fmark%253e%253cmark%253e-tower%253c%2Fmark%253e:-coming-to-a-new-administrative-capital-near-you\" style=\"\" rel=\"noopener\">Magnom Properties<\/a>, plans to make it the \u201c <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/magnom-properties-sets-new-sustainability-milestone-r3g6gujt\" style=\"\" rel=\"noopener\">world\u2019s first net-zero-carbon tower<\/a>,\u201d becoming the first tower to receive the Zero Carbon Certification. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The data: <\/strong>The tower will slash its carbon footprint by 58% \u2014 some 60 mn kg of CO2 emissions \u2014 thanks to the developer increasing the percentage of low-embodied carbon materials used in construction. Clean hydrogen will provide 75% of the energy needed to operate the tower, while the remaining 25% will come from solar energy. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/forbes\/\">Forbes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/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=\"643284\" 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=\"643284\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/totalenergies-mulls-using-egypts-lng-facilities-to-re-export-cypriot-gas-plus-ajwa-sheeni-al-ahly-pharos\/\">\r\n                            TotalEnergies mulls using Egypt\u2019s LNG facilities to re-export Cypriot gas. PLUS: Ajwa, Sheeni, Al Ahly Pharos.                        <\/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\/2024\/09\/05\/totalenergies-mulls-using-egypts-lng-facilities-to-re-export-cypriot-gas-plus-ajwa-sheeni-al-ahly-pharos\/\" 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\/2024\/09\/05\/totalenergies-mulls-using-egypts-lng-facilities-to-re-export-cypriot-gas-plus-ajwa-sheeni-al-ahly-pharos\/')\">\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\/2024\/09\/05\/totalenergies-mulls-using-egypts-lng-facilities-to-re-export-cypriot-gas-plus-ajwa-sheeni-al-ahly-pharos\/\">\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=TotalEnergies mulls using Egypt\u2019s LNG facilities to re-export Cypriot gas. PLUS: Ajwa, Sheeni, Al Ahly Pharos.&url=https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/totalenergies-mulls-using-egypts-lng-facilities-to-re-export-cypriot-gas-plus-ajwa-sheeni-al-ahly-pharos\/\">\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\/2024\/09\/05\/totalenergies-mulls-using-egypts-lng-facilities-to-re-export-cypriot-gas-plus-ajwa-sheeni-al-ahly-pharos\/&title=TotalEnergies mulls using Egypt\u2019s LNG facilities to re-export Cypriot gas. PLUS: Ajwa, Sheeni, Al Ahly Pharos.\">\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=TotalEnergies+mulls+using+Egypt%E2%80%99s+LNG+facilities+to+re-export+Cypriot+gas.+PLUS%3A+Ajwa%2C+Sheeni%2C+Al+Ahly+Pharos.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F09%2F05%2Ftotalenergies-mulls-using-egypts-lng-facilities-to-re-export-cypriot-gas-plus-ajwa-sheeni-al-ahly-pharos%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\/2024\/09\/05\/totalenergies-mulls-using-egypts-lng-facilities-to-re-export-cypriot-gas-plus-ajwa-sheeni-al-ahly-pharos\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/650.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"643285\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/totalenergies-mulls-using-egypts-lng-facilities-to-re-export-cypriot-gas-plus-ajwa-sheeni-al-ahly-pharos\/650-jpg-25\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/650.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"650.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/650.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/650.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643284\" class=\"content-area-description single-story post-643284 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-cyprus tag-energy tag-enterpriseam tag-oil-and-gas tag-totalenergies wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.1cfe49f0-4bc8-4151-8db5-78f1bb677f1e.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>TotalEnergies has a plan to put our LNG facilities to good use: <\/strong>French energy company TotalEnergies wants to supply gas from its fields in Cyprus to Egypt for liquefaction and re-export as LNG or to be fed directly into the grid, according to an Oil Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0Rs6vfkdrKFH5xEbESgm1DUPfag3aULZxfzHXCP36iH819AKcNiH1kN5kknpemMXWl\" style=\"\" rel=\"noopener\">statement<\/a>. The company is also evaluating investment offerings included in the government\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8bf231d-63f1-43cd-bcdc-f2decb5f1d01\/government-reportedly-gearing-up-for-october-international-gas-exploration%253cmark%253e-tender%253c%2Fmark%253e.-plus:-fawry-to-launch-saudi-operations-in-2024,-ceramica-venezia-resumes-operations,-le-pacha-1901-to-offload-controlling-stake\" style=\"\" rel=\"noopener\">new and gas exploration tender<\/a> that is currently being prepared.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>D\u00e9j\u00e0 vu?<\/strong> Earlier in the week, we heard an energy corridor connecting Egypt and Cyprus that would carry natural gas and renewable energy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4448ca70-634d-4b89-bfec-59e7237cc21f\/el-etreby-and-okasha-reportedly-set-to-swap-positions-in-managerial-shakeup-of-state-banks\" style=\"\" rel=\"noopener\">was discussed<\/a> by Oil Minister Karim Badawi and his Cypriot counterpart Giorgos Papanastasiou. Like with TotalEnergies, the two sides discussed sending Cypriot natural gas to Egypt to be liquified and exported as LNG to global markets. <\/p>\n<p class=\"tag-border-left\">M&amp;A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Ownership, management shakeup at EGX-listed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ajwa-egypt.com\/\" style=\"\" rel=\"noopener\">Ajwa Group<\/a><\/strong><strong>? <\/strong>Egyptian businessman Ahmed Tarek wants to increase his stake in edible oil manufacturer Ajwa Group from 8.6% to 25%, he told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/companies\/52705\/%D8%A3%D8%AD%D9%85%D8%AF-%D8%B7%D8%A7%D8%B1%D9%82-%D9%8A%D8%B9%D8%AA%D8%B2%D9%85-%D8%B1%D9%81%D8%B9-%D8%AD%D8%B5%D8%AA%D9%87-%D9%81%D9%8A-%D8%A3%D8%AC%D9%88%D8%A7%D8%A1-%D8%A7%D9%84%D8%BA%D8%B0%D8%A7%D8%A6%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. He plans to carry out the move after an overhaul to the company\u2019s management \u2014 \u201cI want to dismiss the current board, the company\u2019s earnings do not reflect its growth rates,\u201d he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Things could escalate: <\/strong>Tarek and another shareholder have put in a request to dismiss the company\u2019s current board of directors and vote in a new one, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/332.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. Tarek said he will go to the General Authority for Investment and Freezones with his request if an ordinary general assembly doesn\u2019t happen to look into the matter. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Gulf investors eye stake in Sheeni:<\/strong> Several Gulf investors are interested in snapping up a stake in EGX-listed <a target=\"_blank\" href=\"https:\/\/www.sheeni-egypt.com\/en\/\" style=\"\" rel=\"noopener\">General Company For Ceramic &amp; Porcelain Products (Sheeni)<\/a>, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%a4%d8%b3%d8%b3%d8%a7%d8%aa-%d8%ae%d9%84%d9%8a%d8%ac%d9%8a%d8%a9-%d8%aa%d8%b9%d9%8a%d8%af-%d8%a7%d9%87%d8%aa%d9%85%d8%a7%d9%85%d9%87%d8%a7-%d8%a8%d9%80%d8%a7%d9%84%d8%b9%d8%a7%d9%85\/\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%a4%d8%b3%d8%b3%d8%a7%d8%aa-%d8%ae%d9%84%d9%8a%d8%ac%d9%8a%d8%a9-%d8%aa%d8%b9%d9%8a%d8%af-%d8%a7%d9%87%d8%aa%d9%85%d8%a7%d9%85%d9%87%d8%a7-%d8%a8%d9%80%d8%a7%d9%84%d8%b9%d8%a7%d9%85\/\" style=\"\" rel=\"noopener\">M<\/a><a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%a4%d8%b3%d8%b3%d8%a7%d8%aa-%d8%ae%d9%84%d9%8a%d8%ac%d9%8a%d8%a9-%d8%aa%d8%b9%d9%8a%d8%af-%d8%a7%d9%87%d8%aa%d9%85%d8%a7%d9%85%d9%87%d8%a7-%d8%a8%d9%80%d8%a7%d9%84%d8%b9%d8%a7%d9%85\/\" style=\"\" rel=\"noopener\">al<\/a> reports, citing sources it says have knowledge of the matter. It\u2019s all very early stages with the investors yet to partake in any negotiations or submit any official offers, the sources said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gov\u2019t open to partial exit:<\/strong> State-owned Metallurgical Industries Holding could be interested in offloading a percentage of its 57.4% stake in Sheeni, should investors make an attractive offer, the sources added.<\/p>\n<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ahly Pharos gets bourse greenlight to trade carbon certificates:<\/strong> The EGX has granted Al Ahly Pharos a license to trade carbon emissions reduction certificates on our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bf6f83bf-cf94-4686-a908-2e5c27b3c511\" style=\"\" rel=\"noopener\">new voluntary carbon trading market<\/a>, after the Financial Regulatory Authority gave its approval on 21 August, <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2024\/09\/04\/%d8%b4%d8%b1%d9%83%d8%aa%d8%a7-%d8%a7%d9%84%d8%a3%d9%87%d9%84%d9%8a-%d9%81%d8%a7%d8%b1%d9%88%d8%b3-%d9%88%d8%b3%d9%8a%d8%ac%d9%85%d8%a7-%d8%aa%d8%ad%d8%b5%d9%84%d8%a7%d9%86-%d8%b9%d9%84%d9%89-%d8%b1\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a> reports. The firm joins <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c7d5003c-c3c1-41a8-94b0-e1233f99cb4a\/gasc-buys-280k-tons-of-wheat,-missing-target.-plus:-news-from:-ekh,-tci-sanmar,-mb-engineering,-egx\" style=\"\" rel=\"noopener\">CI Capital<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0957f2c1-9347-4585-a177-3339bfcc352a\/steps-toward-launching-africa%25e2%2580%2599s-first-voluntary%253cmark%253e-carbon%253c%2Fmark%253e-market-are-gaining-traction\" style=\"\" rel=\"noopener\">Beltone Financial Holding<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b67253da-eb4a-4598-8b09-1c571a59632b\/fertiglobe-rubber-stamps-eur-397-mn-green-ammonia-offtake-agreement-with-germany%25e2%2580%2599s-h2global.-plus:-oil-found,-mystery-chinese-auto-company-eyes-egypt,-japanese-schools-in-the-works,-flight-incentives\" style=\"\" rel=\"noopener\">Naeem Brokerage<\/a> among other brokers so far approved to trade in the certificates.<\/p>\n<p class=\"tag-border-left\">PHARMA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gov\u2019t launches unified purchasing initiative for inactive pharma ingredients: <\/strong>The Egyptian Drug Authority and Unified Procurement Authority announced the launch of the government\u2019s new unified purchasing initiative for inactive ingredients used in medicine production, as part of a bid to localize drug manufacturing, the Egyptian Drug Authority said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/egyptiandrugauthority\/posts\/893570192878011?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a>. The initiative will begin with 30 substances that represent more than 60% of the import bill for inactive ingredients used in drug production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The government has a number of other projects in the pipeline that aim to assure the pharma sector has the raw materials it needs, including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/179241f9-d98f-4163-8f84-1ed70cc00d93\/gov%25e2%2580%2599t-wants-to-set-up-a-pharma%253cmark%253e-raw%253c%2Fmark%253e-material-hub.-plus:-news-from-opay,-telecom-egypt,-madinet-masr\" style=\"\" rel=\"noopener\">plans to launch an EGP 80 mn project<\/a> to create a regional hub for pharma raw materials.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n              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class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.3498015c-df82-41d9-bff5-c5ca7255dbad.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gold prices bounced back yesterday<\/strong>, lifted by a weaker USD and expectations that weak US job-opening data could signal the economy is cooling \u2014 and that the Fed might consider going to a rate cut of more than a quarter point this month, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/gold-steady-us-payrolls-data-grabs-limelight-2024-09-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The report showed job openings in July were at their <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/fed-seen-more-likely-deliver-bigger-rate-cuts-job-openings-fall-2024-09-04\/\" style=\"\" rel=\"noopener\">lowest level in 3.5 years<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- All eyes are on tomorrow\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/930b8fba-9702-4cad-99b7-cf86eac8cb3d\/\" style=\"\" rel=\"noopener\">US jobs report<\/a><\/strong> for insights into the US economy and the Fed\u2019s next moves after Fed boss Jay Powell\u2019s emphasized the risks of a weaker labor market. A soft August labor figure could stoke fears of a sharper economic slowdown and tip the scales towards a 50 bps rate.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gold could see a short-term dip on the back of the elevated positioning<\/strong>, Suki Cooper, an analyst at Standard Chartered told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-04\/gold-steady-near-2-500-as-traders-take-stock-after-market-slump\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, noting that gold prices are higher than in any previous rate-cutting cycle. However, Cooper sees gold prices reaching USD 2.7k per ounce by 2025.<\/p><p class=\"tag-border-left\">THE MARKETS THIS MORNING- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are thoroughly mixed in early trading this morning<\/strong>, with the Nikkei and Hang Seng down slightly, the Kospi leading the gainers (+1.1%), the ASX 200 up nearly 0.4%, and Shanghai flat. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Futures point to European equities dipping at the opening bell<\/strong>, while Wall Street and Bay Street are on course to open mostly flat. <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,998<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: 24.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 48.43<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 48.56<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 48.43<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 48.53<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">27.25% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\">12,128<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,367<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,365<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +7.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,520<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +15.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,270<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +6.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,848<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3% (YTD: +7.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 72.94<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.14<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,525.10<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 58,023.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +37.2%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 0.1% at yesterday\u2019s close<\/strong> on turnover of EGP 4.6 bn (18.3% above the 90-day average). Regional investors were the sole net buyers. The index is up 24.5% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Edita (+5.0%), Telecom Egypt (+2.8%), and Emaar Misr (+2.6%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Beltone Holding (-2.3%), Madinet Masr (-2.1%), and Mopco (-1.6%).<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet 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=\"643288\" 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=\"643288\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/my-morning-routine-jaeyung-kwon-co-founder-of-museeum\/\">\r\n                            My Morning Routine: Jaeyung Kwon, co-founder of Museeum                        <\/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\/2024\/09\/05\/my-morning-routine-jaeyung-kwon-co-founder-of-museeum\/\" 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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Speaking to us this week is Jaeyung Kwon (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/jaeyung-k-552869\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), co-founder of <a target=\"_blank\" href=\"https:\/\/museeumshop.com\/\" style=\"\" rel=\"noopener\">Museeum<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My name is Jaeyung Kwon, co-founder of Museeum. <\/strong>I am a mother of two, Hana and Soraya.I used to be an investment banker for JP Morgan in London before I settled in Cairo. We never really formally decided on job titles, but I\u2019d say I\u2019m the finance director of the company and my co-founder Indjy Taher is the creative director. Our company is a retail management company specializing in the gift shops of different heritage destinations, including the Grand Egyptian Museum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As you can tell from my background, I\u2019m really big on numbers and data.<\/strong> I\u2019m usually looking at the fair value that we\u2019re creating for both suppliers and our clients \u2014 that is, the people who buy our products \u2014 and also just doing a lot of analysis around the kind of merchandise that is most impactful for our clients, who are usually tourists given that we are a cultural kind of destination curator. But there\u2019s also the cultural traveler, there's the Egyptophile traveler, there's the academic, and there\u2019s the tourist who\u2019s just here for a selfie \u2014 so even within that one category of customer, there\u2019s plenty to think about. My partnership with my co-founder is highly collaborative \u2014 especially now where it\u2019s more of a design house, with the creative director wanting one thing and I have to figure out the numbers to make it happen. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As a foreigner who came to Egypt ten years ago<\/strong>, I always struggled with the disconnect between the beauty of Egypt\u2019s historic destinations and artifacts and the limited selection of souvenirs and merch that you can get from these destinations. Many of the things you get aren\u2019t made in Egypt and they don\u2019t really help you cherish the memory from these visits. It never felt like they carried the depth of the impact these visits had on me. So the basic question was, why don\u2019t we have something amazing? So when I was brought in to curate a selection for the GEM shop, it was really important for me that everything had to be made in Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then one day, I walked into a store in Zamalek, where I would bump into my current<\/strong> <strong>co-founder<\/strong> \u2014 and she was already doing exactly what I was thinking about on a smaller scale. So I asked her if she was interested in partnering up, and she was fortunately on board.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One trend I\u2019ve noticed in the culture\/heritage merchandise market is a change in how we<\/strong> <strong>talk about income generation.<\/strong> Traditionally, talking openly about income generation and innovation was considered taboo, despite it being such an important part of the business. I personally try to read up a lot on industry wholesale reports and try to push the team\u2019s focus towards what is \u201chot\u201d and what can sell. Buying local and being sustainable has been a trend for some time now, and nostalgia is another trend that we\u2019re trying to capitalize on. We don\u2019t necessarily follow every trend, but incorporating some of these into our merchandise mix makes the overall collection feel more contemporary, and I think customers appreciate that.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m usually up around 6am<\/strong>, just in time to get my two daughters ready for school. Once I put them on the school bus, that\u2019s when my morning starts. That\u2019s when I read EnterpriseAM Egypt while scrolling through it with my morning coffee. Then I\u2019m usually in the office at around 8:30am to get started with work. I pick up my girls from school around 4pm, and I stay with them till their bed time. Sometimes if I have a lot of work to do, I\u2019ll do it in the evening after the kids fall asleep.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My work days are never the same.<\/strong> Some days it's back-to-back calls with different partners, trying to get a more structured legal framework around our partnership, for example, and some days revolve around deep diving into how the operations are doing and getting into the nitty gritty of everything. Sometimes it\u2019s a very relaxing day for me, but not for my partner, especially when we\u2019re in the process of selecting what would work best and what wouldn't after receiving the initial samples, so everyday is very different at work. My team relies on me a lot for the financial input, the data input, and the operations input. So yeah, it's pretty busy and it takes me to very different places everyday, which I find interesting and fascinating. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The one constant in my day is my morning coffee<\/strong> and my afternoon Korean soap opera. After I put the kids to bed, I spend about an hour catching up with the latest Korean soap that\u2019s out there. That\u2019s how I stay connected with my own culture. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another constant I have are my Monday catch ups.<\/strong> My husband and I have this system where we don\u2019t make plans to meet up with people on Thursday or Friday, when people usually meet up. This raises some eyebrows among our friends \u2014 but the way we see it, nobody's tired from a week's worth of work when you go out on Monday. And with this system we manage to keep up with at least 52 different friends throughout the year. I\u2019m a person who prefers meaningful, one-on-one catch ups, and I think this method facilitates that for us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How I stay focused and organized? For me, everything stems from a spreadsheet.<\/strong> I think since my career in banking, I tend to see everything in data and in spreadsheets. Everything from my daughters\u2019 school schedules to my meetings, it\u2019s all in a spreadsheet on my phone \u2014 or if a week is particularly busy, it\u2019s on a spreadsheet that I\u2019ll have printed out in front of me. I\u2019m generally a very organized person, I\u2019m one of those people who don\u2019t really need to snooze their alarms to wake up. If I have to be up at 6am, then 6am it is. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Becoming a business owner in Egypt is more than I ever thought I\u2019d be doing.<\/strong> I used to work for a bunch of big organizations like IBM, JP Morgan, Lehman Brothers \u2014 organizations that always have structure. I always considered myself a person who\u2019s good at executing ideas rather than being the person with the ideas. So this is uncharted territory for me, both in terms of being an entrepreneur, and doing so in a country where I may not have as many connections and networks, and without being fluent in the language. So working on this project and making sure that we achieve the vision we\u2019ve set out is what\u2019s next for me.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s really all about showcasing what Egypt can do<\/strong>, the impact that Egyptian artisans and handicrafts can have, and showcasing the work of these artists properly and making it interesting for foreigners. We want to be a conduit for bringing this work to the forefront of quality and design.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One thing I learned working in investment banking is you don\u2019t get a work-life balance<\/strong> <strong>unless you actively plan it.<\/strong> You have to manage your life that way, and you have to be determined to have it. It's so easy to just carry on working and try to finish everything you have to do, but sometimes I think it's good to pause \u2014 and for me, that 3 hour pause I take between 4-7pm is almost like my medicine to carry on with work the next day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At home, my bookshelf is kind of separate from everyone else\u2019s.<\/strong> I\u2019m a big fan of business books and stuff with a lot of numbers \u2014 books that are logical and straightforward, so to speak. <a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/12609433-the-power-of-habit\" style=\"\" rel=\"noopener\">The Power of Habit<\/a> is one I really like. Generally, I try to really practice what I read from books like that. As for TV shows, I\u2019d recommend a Korean medical drama called <a target=\"_blank\" href=\"https:\/\/www.imdb.com\/title\/tt11769304\/\" style=\"\" rel=\"noopener\">Hospital Playlist<\/a>. If I have one podcast to recommend, it would be an Egyptian podcast called <a target=\"_blank\" href=\"https:\/\/amaeya.media\/what-i-did-next\/\" style=\"\" rel=\"noopener\">What I Did Next<\/a> by Malak Fouad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The best piece of advice I ever got came from my father.<\/strong> When I was first starting my career, he said \u201cbe proud enough to ask questions, be humble enough to accept help.\u201d I think one of the things my team finds refreshing is that when I don\u2019t know something, I just ask for help. I don\u2019t assume I know everything, and there\u2019s a lot of things both in this business and in life where it\u2019s better to get other people\u2019s opinions on things. So it\u2019s asking questions, and doing it with your head held high.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/retail\/\">retail<\/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=\"643290\" 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\/2024\/09\/05\/643290\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-643290\" class=\"content-area-description single-story post-643290 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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-5 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-air-show.com\/\" style=\"\">Egypt International Airshow<\/a><\/span><span style=\"font-weight:400;\">, El Alamein International Airport.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-5 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02tUzxgpkPAopRnfdNVEdzFHkRiyKDp8swAdjwaQxyYqQZQyKYj4tqdwXb5Md6BHbgl\" style=\"\">The US-Egypt Joint Economic Committee<\/a><\/span><span style=\"font-weight:400;\"> meeting, Washington.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">5 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9-12 September (Monday-Thursday): The annual EFG Hermes London Conference.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9 September (Monday): Egyptian delegation to visit Iraq. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10 September (Tuesday): The fifth edition of technology conference Tech Invest will take place.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 September (Tuesday): Finance Minister Ahmed Kouchouk to speak at <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.amcham.org.eg\/cyberlink\/events\/register\/1854\" style=\"\">AmCham luncheon<\/a><\/span><span style=\"font-weight:400;\">, Nile Ritz Carlton, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15 September (Sunday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16 September (Monday): Egypt-UK Investment and Opportunities Forum, London. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 September (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/finance2024.enterprise.news\/\" style=\"\">Enterprise Finance Forum<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-26 September (Wednesday-Thursday): The Asian Infrastructure Investment Bank\u2019s (AIIB) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aiib.org\/en\/news-events\/events\/annual-meetings\/2024\/index.html\" style=\"\">2024 annual meeting<\/a><\/span><span style=\"font-weight:400;\">, Samarkand, Uzbekistan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-28 September (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cityscapeegypt.com\/en\/home.html\" style=\"\">Cityscape Egypt<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 Septe<\/span><span>mber (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events?keyword=Madbouly&year=all&category=all\" style=\"\">AmCham Egypt Real Estate Conference<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30 September (Monday): Ban on sugar exports expiration.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 September (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.almalgtm.org\/portfolio\/the-7th-portfolio-egypt-conference-2024\/\" style=\"\">Portfolio Egypt 2024<\/a><\/span><span style=\"font-weight:400;\">, Nile Ritz-Carlton, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-3 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/csew.net\/\" style=\"\">Cairo Sustainable Energy Week<\/a><\/span><span>, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6 October (Sunday): Armed Forces Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 October (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egyhealthexpo.com\/\" style=\"\">Egy Health Expo<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-12 October (Thursday-Saturday): The FinExpo Conference and Exhibition, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">17 October (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-17 October (Sunday-Thursday): Cairo Water Week, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cairowaterweek.eg\/\" style=\"\">Water and Climate: Building Resilient Communities<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 October (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/moc-egypt.com\/\" style=\"\">Mediterranean Offshore Conference (MOC)<\/a><\/span><span style=\"font-weight:400;\">, Alexandria, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-27 October (Monday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imfconnect.org\/content\/imf\/en\/annual-meetings\/FutureMeetings.html\" style=\"\">The World Bank and IMF annual meetings<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-8 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wuf.unhabitat.org\/\" style=\"\">World Urban Forum<\/a><\/span><span>, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-15 November (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0m61FMcuP2Qn6d36We1ozK1CgZEF6KGqaen15UMX7EkfRovB1cuxZ1gFtbqZNFvQ5l\" style=\"\">Arab African Investment and International Cooperation Summit<\/a><\/span><span style=\"font-weight:400;\">, Aswan, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">21 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-energy.com\/en\/home.html\" style=\"\">Egypt Energy Show<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 November (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%b1%d9%81%d9%82-%d8%a7%d9%84%d9%83%d9%87%d8%b1%d8%a8%d8%a7%d8%a1-%d9%85%d8%af-%d9%81%d8%aa%d8%b1%d8%a9-%d8%aa%d9%84%d9%82%d9%89-%d8%b7%d9%84%d8%a8%d8%a7%d8%aa-%d8%a7%d9%84%d9%85\/\" style=\"\">Deadline<\/a><\/span><span> to apply for renewable energy projects under the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5fe8f4bb-3a22-40ac-a502-6f18fb3420db\/\" style=\"\">peer-to-peer (P2P) system<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2H 2024: Gov\u2019t to launch the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f7fd9b9-a159-4b31-b974-f809d55f55d9\/egyptian-telecom-providers-suspend-e-wallet-fx-payments\" style=\"\">Cairo Ring Road BRT buses<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3Q 2024: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid04Z7JWbGbYGqFTr8kF2XNgc5Dq2cUR3hn25JDryhDjLnPJkYgaKaqbwzQr6A4QgB2l\" style=\"\">Egyptian-Armenian Joint Committee.<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">September 2024: Turkish-Egyptian Business Council meeting in Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>November 2024: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0LLPJRjsu6SZLwtRHuLmCQxoAZB3xaXVXH8aYkMSEH3ae4aW6JCZaPe5h5u9nKmcRl\" style=\"\">Egypt to host<\/a><\/span><span style=\"font-weight:400;\"> the World Urban Forum (WUF12).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End of 2024: The launch of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sis.gov.eg\/Story\/192175\/Trial-Operation-of-the-Sokhna-El-Alamein-Matrouh-High-Speed-Train-Starts-by-the-End-of-this-Year?lang=en-us\" style=\"\">high-speed train<\/a><\/span><span style=\"font-weight:400;\"> line linking Ain Sokhna with Al Alamein City.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">July 2025: The first operational trail of Egypt-KSA electricity interconnection line.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad18b775-3e22-4e6b-b4fc-9dd30f4b85ad\/abu-dhabi-ports-to-build-and-run%253cmark%253e-safaga-terminal%253c%2Fmark%253e,-cruise-ship-infrastructure\" style=\"\">Safaga Terminal 2<\/a><\/span><span> to start operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20 January-7 February: Egypt to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2f9a5a94-cc1c-4fc1-b8c6-7c02d15cae3b\/ramadan-kareem\" style=\"\">host the African Games<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End of 2027: Trial operations at the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/52aa0e65-5b6f-4c84-aa49-70ac4152bb87\" style=\"\">Dabaa nuclear power plant<\/a><\/span><span style=\"font-weight:400;\"> expected to take place.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Growth forecasts steady | To cut, or not to cut. Made in Egypt Jeeps | Madbouly in Beijing<\/p>\n","protected":false},"featured_media":643265,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-643264","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"79f5d8cb-d34a-4320-886f-5c62ecfb6036","teaser":"Growth forecasts steady | To cut, or not to cut. 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