{"id":644386,"date":"2024-09-25T00:00:00","date_gmt":"2024-09-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=644386"},"modified":"2025-12-17T19:05:56","modified_gmt":"2025-12-17T19:05:56","slug":"investment-and-foreign-trade-minister-hassan-el-khatib-lays-out-his-priorities-going-forward-at-the-enterpriseam-finance-forum","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/investment-and-foreign-trade-minister-hassan-el-khatib-lays-out-his-priorities-going-forward-at-the-enterpriseam-finance-forum\/","title":{"rendered":"Investment and Foreign Trade Minister Hassan El Khatib lays out his priorities going forward at the EnterpriseAM Finance Forum"},"content":{"rendered":"<section id=\"644388\" 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   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data-image-meta=\"[]\" data-image-title=\"1931.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1931.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1931.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644388\" class=\"content-area-description single-story post-644388 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam 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\/.1d076378-4438-4b2b-aeaf-9c2f71f9e6b7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good<\/strong> <strong>morning, wonderful people. <\/strong>It\u2019s Wednesday, 25 September, and all of us here at EnterpriseAM are on something of a high: We wrapped another successful EnterpriseAM Finance Forum yesterday \u2014 and we turn 10 years old this morning, with issue #2344.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We lead the news well with our on-stage interview with Hassan El Khatib. <\/strong>In a remarkably candid discussion, the minister of investment and foreign trade touched on everything from how he aims to make it easier to do business to his thoughts on privatization, how he will choose priority industries, and the role of the state in the economy. We have abridged highlights below. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>El Khatib hasn\u2019t passed 100 days in office<\/strong>, and as a savvy investor, he\u2019s in the do-his-homework (and due diligence) phase. The interview was a breath of fresh air for our community, and we\u2019re looking forward to checking in with him again after day 100 to talk in concrete terms about what\u2019s next. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THANK YOU, from the bottom of our hearts to all of our speakers<\/strong>, for submitting to on-stage interviews, and to the <strong>more than 550 senior members of our community<\/strong> who joined us in person as we played out what we think of as a \u201clive issue\u201d of EnterpriseAM. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And a huge thank you to all of our sponsors<\/strong>, whose generosity made it possible for us to welcome all of you to the forum. Their support \u2014 like those of our pillar advertisers \u2014 keep the A\/C and lights on around here and help ensure that your morning read remains available to you every day without charge. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1962.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oh, and the whole turning 10 thing? <\/strong>Fifty of you read us on day one a decade ago. We\u2019re honored to now count hundreds of thousands of folks in Egypt and in capitals and major business centers around the world as readers. We\u2019ll talk a bit more about the past decade (and <strong>about what\u2019s next for EnterpriseAM<\/strong>) in a few issues\u2019 time after we wrap up coverage of the EnterpriseAM Finance Forum.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- We\u2019re extra chuffed this morning to see Dr. Youssef Boutros-Ghali back in a <\/strong><strong>position to provide counsel <\/strong>to policymakers as he joins a key advisory body. It\u2019s the first such formal role for Dr. Youssef since he left office in 2011. We have details on this too, in the news well, below. <\/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\"><a id=\"wwtt1\"><\/a> <strong>EgyptAir has canceled all its Beirut-bound flIghts<\/strong> until the \u201csituation stabilizes,\u201d the country\u2019s flag carrier said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EGYPTAIR\/posts\/pfbid025fwikUEJiPXGgzc5a3iybSnSgp3G6NUzr5Z1kRiAY6U5MS4M1H37hD6PsB2rKFXel\" style=\"\" rel=\"noopener\">statement<\/a>. The move comes after Israeli airstrikes on Lebanon have killed at least 569 people since Monday, some of which were directed towards the capital\u2019s southern suburbs \u2014 where the city\u2019s Rafic Hariri International Airport is also based.<\/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- It\u2019s another pleasant day in Cairo today<\/strong>, with a high of 32\u00b0C and a low of 22\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>As per usual, it\u2019s a little cooler in Alexandria<\/strong>, with a high of 30\u00b0C and a low of 23\u00b0C.<\/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 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=\"wwtt2\"><\/a> <strong>#1- Egyptian officials are in Uzbekistan for the Asian Infrastructure Investment Bank\u2019s <\/strong><strong>(AIIB) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aiib.org\/en\/news-events\/events\/annual-meetings\/2024\/index.html\" style=\"\" rel=\"noopener\">2024 annual meeting<\/a><\/strong> due to kick off today and wrap up tomorrow. As always, we will be on the lookout for any investment and partnership news to come out of the meeting. You can check out the full meeting schedule <a target=\"_blank\" href=\"https:\/\/www.aiib.org\/en\/news-events\/events\/annual-meetings\/2024\/program\/index.html\" 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\"><a id=\"wwtt4\"><\/a> <strong>#2- ITIDA\u2019s<\/strong><strong><a target=\"_blank\" href=\"https:\/\/secc.org.eg\/English\/Pages\/DevOpsDays-Cairo.aspx\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/secc.org.eg\/English\/Pages\/DevOpsDays-Cairo.aspx\" style=\"\" rel=\"noopener\">DevOpsDays Cairo 2024 conference<\/a><\/strong><strong> is nearly upon us<\/strong>, with the one-day event set to begin this morning at the Nile Ritz-Carlton. The conference is set to delve into the latest trends and innovations in DevOps featuring a lineup of \u201cworld-class speakers from renowned organizations.\u201d <\/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=\"wwtt3\"><\/a> <strong>#3- Attention, real estate players: <\/strong>The country\u2019s largest real estate exhibition is set to launch today at the Egypt International Exhibitions Center. <a target=\"_blank\" href=\"https:\/\/www.cityscapeegypt.com\/en\/home.html\" style=\"\" rel=\"noopener\">Cityscape Egypt<\/a> will run for four days and host 80 developers, showcase 1k projects, and welcome over 40k attendees. Register for the event <a target=\"_blank\" href=\"https:\/\/register.visitcloud.com\/survey\/2wrk8kgkapsjy?utm_source=microsoft&amp;utm_medium=display&amp;utm_campaign=aec24gcs-be-en-home&amp;utm_term=midpage&amp;utm_content=english&amp;formType=Visitor%20Registration&amp;formName=Visitor_Registration_Form&amp;reportSuite=informacityscapeegypt&amp;utm_source=Google%20Organic&amp;utm_medium=Natural%20Search%20Engine&amp;utm_campaign=Unspecified&amp;_gl=1*1i5tvft*_gcl_au*NTA5MTU1ODQzLjE3MjcxMTYxNzA.*_ga*MTExOTM1OTI2LjE3MjcxMTYxNzE.*_ga_2R3EECJQ11*MTcyNzExNjE3MC4xLjAuMTcyNzExNjE3MC42MC4wLjA.\" style=\"\" rel=\"noopener\">here<\/a>.<\/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\"><strong>AUC\u2019s first <\/strong><strong><a target=\"_blank\" href=\"https:\/\/gapp.aucegypt.edu\/research-hub\/pathways-neoliberalism-voices-mena\/conference\" style=\"\" rel=\"noopener\">Political Economy of the Global South Conference<\/a><\/strong><strong> kicks off this weekend <\/strong>under the title Global Governance in Crisis: Breakdown or Breakthrough?, the university said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1908.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The conference on 28-29 September will include talks from professors, experts, and researchers from across the global south, and will \u201cexplore the current challenges to global economic governance and the potential areas for institutional and policy changes.\u201d<\/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\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel\u2019s bombardment of Lebanon is still the top story in the international press \u2014 the <\/strong><strong>business press included <\/strong>\u2014 with the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-hezbollah-exchange-fire-after-lebanon-suffers-huge-casualties-2024-09-24\/\" style=\"\" rel=\"noopener\">barrage of attacks<\/a> having killed at least 569 people, including 50 children, over the course of the last two days. While Israeli airstrikes targeted Beirut\u2019s southern suburbs \u2014 <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/01a29a15-7a3e-404a-a323-a0b3432495ff\" style=\"\" rel=\"noopener\">claiming to have killed<\/a> Hezbollah\u2019s missiles division head Ibrahim Kobeissi \u2014 and the border region, Hezbollah targeted military targets, including a military and naval base, in northern Israel.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking in New York on the sidelines of yesterday\u2019s UN meetings, <\/strong>Lebanon\u2019s foreign minister Abdallah Bou Habib called US President Joe Biden\u2019s address to the UN \u201cnot strong\u201d and \u201cnot promising,\u201d adding that the US \u2014 Israel\u2019s biggest arms supplier and key ally \u2014 \u201cis the key\u2026to our salvation.\u201d The UN Security Council will meet today to discuss the escalating violence between Israel and Hezbollah today.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHILE IN OIL NEWS- No peak oil yet, says OPEC<\/strong>, with the oil cartel <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-24\/opec-doubles-down-on-forecast-for-unfettered-oil-demand-growth?srnd=phx-economics-v2&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">saying<\/a> they expect world oil demand to <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/energy-oil\/peak-oil-demand-isnt-on-the-horizon-opec-says-e643ac82?mod=business_lead_story\" style=\"\" rel=\"noopener\">increase<\/a> 18% to 120.1 mn barrels per day by 2050, in stark contrast to other international organizations \u2014 including those within the petroleum industry \u2014 that <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-rolls-out-global-oil-outlook-2050-sees-no-peak-demand-2024-09-24\/\" style=\"\" rel=\"noopener\">expect<\/a> to see oil demand fall as the world transitions to low carbon and green fuels. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- EU officials raided Nasdaq and Deutsche Borse offices in two EU member states <\/strong><strong>yesterday,<\/strong> as the European Commission investigates possible anti-competitive practices related to financial derivatives, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5c090e7c-49b1-4747-98e6-d6478ff9217b\" style=\"\" rel=\"noopener\">FT<\/a> reports. Both companies said that they were cooperating with EU authorities on the investigation.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- UniCredit\u2019s battle to take over Commerzbank is heating up<\/strong>, with the German government throwing its weight against Italian UniCredit\u2019s <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/banking\/germany-to-keep-commerzbank-shares-after-unicredit-takes-stake-d7a56453\" style=\"\" rel=\"noopener\">proposed takeover<\/a> of German Commerzbank. German Chancellor Olaf Schulz said Monday that the government \u201csupports Commerzbank\u2019s strategy of independence,\u201d adding that it does not support a takeover, which would <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a9f923ce-ba08-485b-a426-f7c3dbc2d592\" style=\"\" rel=\"noopener\">cede financial clout<\/a> to Italy and lead to a raft of <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/germany-talks-tough-has-limited-room-halt-unicredits-advance-commerzbank-2024-09-24\/\" style=\"\" rel=\"noopener\">job cuts<\/a> in Germany.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2503.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We take a look at the government\u2019s plans to boost tourism in the Red Sea.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644390 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"644390\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/644390\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644390\" class=\"content-area-description single-story post-644390 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/somabay.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1085.jpg?ssl=1\"><\/a><\/span><\/p>\n<div class=\"grouped-tags\">\n<p><span style=\"font-weight:700\">For the first time in Egypt<\/span><span>, Somabay is thrilled to host the legendary Amy Winehouse Band live in concert. Prepare for an unforgettable evening filled with soul, jazz and iconic hits as the band performs live at Somabay&rsquo;s breathtaking The Marina in The Theater Somabay on 5 October. Set against the stunning backdrop of the Red Sea, this exclusive event promises a magical night of music and entertainment in a unique setting. #TheAmyWineHouseBand #OneParadiseAllSeasons #SomabayRedSea<\/span><\/p>\n<\/div>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644391\" 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=\"644391\">\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\">ENTERPRISE FINANCE FORUM<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/investment-and-foreign-trade-minister-hassan-el-khatib-joins-us-at-the-enterpriseam-finance-forum\/\">\r\n                            Investment and Foreign Trade Minister Hassan El Khatib joins us at the EnterpriseAM Finance Forum                        <\/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\/25\/investment-and-foreign-trade-minister-hassan-el-khatib-joins-us-at-the-enterpriseam-finance-forum\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1893.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644391\" class=\"content-area-description single-story post-644391 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-finance-forum tag-enterprise-finance-forum tag-enterpriseam tag-finance 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\/.8050e1f5-0671-4a22-9251-bb90012d1bf5.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Investment and Foreign Trade Minister Hassa<\/strong><strong>n <\/strong><strong>El Khatib took the stage <\/strong><strong>yesterday at our <\/strong><strong>EnterpriseAM Finance Forum<\/strong> in Cairo to speak with more than 550 senior members of our community about his priorities going forward. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For many of our readers, El Khatib needs no introduction: <\/strong>He managed a USD 10 bn portfolio as managing director for equities at the European Bank for Reconstruction and Development, with investments spanning 38 countries. He was a managing director at global private equity firm Carlyle Group covering North Africa and he was managing partner at EFG Hermes Private Equity. He also served on the board of the Sovereign Fund of Egypt and of the Central Bank of Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>He is now Investment and Foreign Trade Minister <\/strong>\u2014 the long-shelved ministry was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7dcc84fd-8000-412a-bd00-a38bb8e288e1\/meet-your-new-government\" style=\"\" rel=\"noopener\">reinstated<\/a> for the new Madbouly cabinet in line with state efforts to boost FDI and FX inflows \u2014 having entered government service this past summer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Below are edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENTERPRISE: Your ministry is investment and foreign trade. What\u2019s the message in that? <\/strong><strong>What\u2019s the mandate in having both portfolios under one roof?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hassan El Khatib: <\/strong>The combination of investment and trade is the right combination. We need a voice for investments. We need a voice to address the problems for investors. We need someone to champion what needs to happen in the business environment to foster investment and to open the market for investment \u2014 but trade is equally important. It takes a combination of the two to fulfill the aspirations of the country, which is that we need to become a hub for investment, manufacturing, and exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We need to know where to play and how to win.<\/strong> We\u2019re selecting a number of sectors where we have a competitive edge. We have lots of challenges, but we also have an opportunity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: What does an opportunity look like?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HK: <\/strong>There\u2019s a real supply chain shift. The chapter that I see globally today is the West vs. China. This chapter is starting to be written, and we need to be part of it. Europe is moving away from their model of producing at the lowest possible cost \u2014 the efficiency model \u2014 and they have moved onto a resilience model, where they want onshoring and supply chains that are closer to their borders. So, you need to start looking at who will produce for Europe, that\u2019s another opportunity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Labor costs in Egypt are far lower compared to others in the region. <\/strong>We have a qualified labor force that \u2014 with some minor vocational training \u2014 can be top class. And we have talent in the engineering sector specifically.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Countries such as Vietnam, Morocco, and India step change in their exports and <\/strong><strong>ability to attract<\/strong><strong> FDI in less than ten years. What's the target for us in a decade as an economy? What can we accomplish in a decade? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HK:<\/strong> I know what we need to do, and the sky's the limit. You need the policies, you need the predictability, you need the transparency. If we get this right, Egypt will be open for business, and we\u2019ll attract the right FDI. The global FDI pool is finite, but we need to be in the right position to capture enough of a share of that FDI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all about monetary policy, fiscal reform, crowding out, and trade policy.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Monetary policy is at the heart of what investors want to see. It is key to everything we <\/strong><strong>do. <\/strong>What investors want is not a fixed currency, they want clarity about policy \u2014 and that policy should be inflation-targeting. We\u2019ve never applied this. The new central bank board helped birth this narrative of targeting inflation rather than fixing the currency. The focus on exchange rate has been there for 30 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: You spoke a moment ago about priority industries. How will you choose them? Is it <\/strong><strong>based on job creation or export potential? What factors go into the mix?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HK: <\/strong>There are some sectors that are obvious winners \u2014 labor-intensive sectors like ready-made garments and textiles. If we do the right things, we can increase our exports from this one segment by USD 4-5 bn. We have industrial zones on the Sixth of October and the Tenth of Ramadan, but we need to do more in places like Minya and Beni Suef. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are also the intermediate sectors <\/strong>\u2014 not high tech, but with some emphasis on tech and labor. Egypt is well positioned in the supply chain of feeder industry and white goods. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Then there are sectors that have huge potential and a competitive edge, like tourism, real estate, and medical tourism.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are certain sectors that we\u2019d like to support. <\/strong>You can\u2019t really be a jack of all trades. I think focus is important.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: What does support mean? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HK:<\/strong> Predictability, transparency, and policy. I think we have enough incentives \u2014 maybe too many incentives. It's now about having a proper business environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We want to be clear about our tax policy <\/strong>\u2014 we want it to be a place where we can pencil in the tax rate for the coming 20 years. Policy stability, predictability, and transparency \u2014 that\u2019s what we want.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: We thought that once we floated the currency, a flood of FDI would come in. This <\/strong><strong>hasn\u2019t <\/strong><strong>happened. Was that expectation reasonable? And if not, when can we expect that flood to happen?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HK:<\/strong> Our emphasis isn\u2019t on FX, it\u2019s about having monetary policy targeting inflation. After 30 years of fixating on having a strong EGP, this isn\u2019t our narrative anymore. Everyone\u2019s waiting to see what the new government is going to do.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The top priority for us is to fix some of the problems facing foreign investors<\/strong>, as we\u2019ve done as we have been finalizing the Agreement on Promotion and Mutual Protection of Investments between Egypt and Saudi. The Saudi private sector is very keen to invest in sectors like tourism and green energy. Our job is to facilitate those investments with policy. And that agreement also protects the large number of Egyptian companies that are investors in Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: What are we talking about when we talk about privatization? Where do we see the <\/strong><strong>program going?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HK:<\/strong> I\u2019m not fixated on privatization \u2014 having a list of assets and trying to sell them. I\u2019m an investor, I don't want to sell at the worst time ever. I want to change the whole program from having it be about selling these assets for the cheapest price. Instead, I want to talk about maximizing their value and the returns we get for them, move them to a sovereign wealth fund, have them be run by the private sector, and monetize them to generate more value.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Let\u2019s take renewables, for example.<\/strong> Private participation is 1.8 GW for wind and 1.8 GW for solar. If we want 30 additional GW, we want it to be fully carried out through the private sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We need the private sector to invest USD 240 bn between now and 2030.<\/strong> I am confident that if we carry out the right policies, money will come.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: How will the business community know that we\u2019re on track when it comes to <\/strong><strong>privatization?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HK: <\/strong>We need to work as a team. The government and business have to work hand in hand to make this new narrative a reality. When we\u2019re on the right path we\u2019ll know it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government hasn\u2019t announced the new narrative yet<\/strong> \u2014 we\u2019re looking at the challenges, setting up a plan, and making decisions. Once that\u2019s addressed, we can have a clear path forward. And if we start seeing young Egyptian talent abroad come back to our country, I think that would be a success \u2014 that's a different measure. So, it's not about numbers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: You were in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d6ee7689-ba90-4661-90a2-abc64317d255\/the-key-takeaways-from%253cmark%253e-beba%253c%2Fmark%253e%25e2%2580%2599s-mission-to-the-uk\" style=\"\" rel=\"noopener\">London last week with BEBA<\/a><\/strong><strong> and our friends at HSBC<\/strong><strong> \u2014<\/strong><strong> what was your <\/strong><strong>elevator <\/strong><strong>pitch<\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HK: <\/strong>We\u2019re a new government, we want to work as a team, we know the challenges very well, and we have a plan to address them. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also need to talk about trade policy.<\/strong> The problem is we\u2019ve always been fixated on an import problem, we don\u2019t have an import problem at all. Our import to GDP stands at 20%. Our problem is exports, which are at 10%. We need to have it go up to 30% or 40%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How many days does it take to clear goods? <\/strong>We will work with the teams in the ministries on this. First we can cut the clearance time by two days, then by another four to five days. It\u2019s doable, but it needs work. Easing trade makes a huge difference in terms of the cost of products we sell on the market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m hopeful that we can create an economy that\u2019s open for business. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1962.jpg?ssl=1\"\/><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-finance-forum\/\">Enterprise Finance Forum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">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=\"644393\" 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=\"644393\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/elsewedy-electric-partners-with-siemens-to-develop-usd-800-mn-power-plant-in-saudi-arabia\/\">\r\n                            Elsewedy Electric partners with Siemens to develop USD 800 mn power plant in Saudi Arabia                        <\/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\/25\/elsewedy-electric-partners-with-siemens-to-develop-usd-800-mn-power-plant-in-saudi-arabia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/elsewedy-electric-partners-with-siemens-to-develop-usd-800-mn-power-plant-in-saudi-arabia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1937.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644394\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/elsewedy-electric-partners-with-siemens-to-develop-usd-800-mn-power-plant-in-saudi-arabia\/1937-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1937.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1937.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1937.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1937.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644393\" class=\"content-area-description single-story post-644393 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-construction tag-elsewedy-electric tag-energy tag-enterpriseam tag-infrastructure tag-oil-and-gas tag-saudi-arabia 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\/.e53144cb-733b-48bc-a849-73fe3892af4d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Elsewedy Electric lines up another big-ticket project abroad: <\/strong>Elsewedy Electric is teaming up with Siemens to develop a USD 800 mn power plant in the Red Sea city of Rabigh in Saudi Arabia, an official Elsewedy reportedly told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/09\/24\/-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%8A-%D8%A7%D9%84%D9%83%D8%AA%D8%B1%D9%8A%D9%83-%D9%88-%D8%B3%D9%8A%D9%85%D9%86%D8%B3-%D8%AA%D9%8F%D9%86%D9%81%D8%B0%D8%A7%D9%86-%D9%85%D8%AD%D8%B7%D8%A9-%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%A8%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-800-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline:<\/strong> The project, which will include both steam and gas turbines, is reportedly in the construction phase and expected to be fully completed by the end of 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewedy has other projects abroad in the works: <\/strong>The company expects to finish <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09a04f98-45ca-431e-9e58-ee298750ed6b\/banque-misr%25e2%2580%2599s-mdi-has-poured-some-egp-2.5-bn-into-onebank.-plus:-news-from%253cmark%253e-elsewedy%253c%2Fmark%253e-electric,-opay,-edita\" style=\"\" rel=\"noopener\">expansions<\/a> of one of its Saudi factories in January 2025, the Elsewedy source said, adding that the company is looking to expand its footprint abroad, particularly via investments in the GCC states. The company is also hoping to expand its volume of exports to the rest of Africa and Europe in the coming period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And on the domestic front: <\/strong>Elsewedy is currently working on developing its new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69e5b6a4-8f74-49e1-9b9f-082047c9d771\" style=\"\" rel=\"noopener\">industrial<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69e5b6a4-8f74-49e1-9b9f-082047c9d771\" style=\"\" rel=\"noopener\">zone<\/a> on the around two million square meters allotted to it in New Sixth of October City in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74373364-7f95-4157-9090-67ee1584c341\/nuca-to-hand-out-plots-to-four%253cmark%253e-industrial%253c%2Fmark%253e-developers-within-days.-plus:-news-from-bluev,-tmg,-and-tabreed\" style=\"\" rel=\"noopener\">May<\/a>, which the source told Al Arabiya could take up to three years to complete.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other prominent local companies are also heading to the kingdom in search of new <\/strong><strong>projects:<\/strong> Egyptian construction and real estate players in particular are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e95a939-7f25-45dc-b1d1-3198c176d6a2\/local-construction-firms-are-expanding-abroad-%25e2%2580%2594-where-are-they-expanding%253cmark%253e-to%253c%2Fmark%253e-and-what-obstacles-are-they-facing%3F\" style=\"\" rel=\"noopener\">ramping up efforts to expand abroad<\/a> as domestic opportunities shrink, industry insiders recently told Enterprise. While local developers are looking almost everywhere, there seems to be a particular appetite for Saudi Arabia on the back of its large, well-regulated, and welcoming market, developers and contractors told us.<\/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\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            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href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/ybg-private-sector-leaders-to-join-specialized-council-for-economic-development\/\">\r\n                            Youssef Boutros-Ghali takes up first official position since 2011 with appointment to Specialized Council for Economic Development                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/ybg-private-sector-leaders-to-join-specialized-council-for-economic-development\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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<div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1944.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644397\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/ybg-private-sector-leaders-to-join-specialized-council-for-economic-development\/1944-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1944.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1944.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1944.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1944.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644396\" class=\"content-area-description single-story post-644396 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam tag-moves 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\/.dd1f8274-5a50-4d22-83ea-ef77b7e6e4b7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>New<\/strong><strong> and fam<\/strong><strong>iliar faces appointed to the reconstituted <\/strong><strong>Specialized Council <\/strong><strong>for Economic Development<\/strong><strong>: <\/strong>Among those appointed by President Abdel Fattah El Sisi to the Specialized Council for Economic Development \u2014 one of four specialized councils created by El Sisi via presidential decree in 2015 \u2014 is former Finance Minister Youssef Boutros-Ghali. <\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>Dr. Youssef is one of the good guys, folks<\/strong> \u2014 a loyal civil servant who overhauled the state\u2019s finances, built international belief in Egypt\u2019s finances, and slashed taxes by half, and launched a valiant bid to make it cool to pay them. A generation of talented public servants still serving the nation came up under him. <strong>We\u2019ve long been saying that it would be good to see him able to contribute once again to public life<\/strong>, so we\u2019re chuffed with the news. Dr. Youssef was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f7810d3-395f-4460-a59b-1f888ae45fb3\/this-morning:-taqa-arabia-shares-start-trading-on-the-egx-today\" style=\"\" rel=\"noopener\">acquitted<\/a> in 2023 of charges of profiteering while in office in a politically motivated case that dated to June 2011. He was also cleared in the so-called <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2553792d-5fe9-4bbc-aba9-6a7fb12c58f4\/ybg-acquitted-of-corruption-charges\" style=\"\" rel=\"noopener\">\u201clicense plate\u201d case<\/a> in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also included on the list w<\/strong><strong>ere our friends Karim Awad (Group CEO of EFG Holding) and <\/strong><strong>Ashraf Sabry (CEO of Fawry). <\/strong>Former House Planning and Budget Committee head Hussein Issa will coordinate the group, which will also include former Finance Minister Hani Damian, Federation of Egyptian Industries Chairman Mohamed El Sewedy, and other figures from the world of academia, banking, and business. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644398 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"644398\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/644398\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644398\" class=\"content-area-description single-story post-644398 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.sodic.com\/SodicContactUs\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1877.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644399\" 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=\"644399\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/the-talk-shows-train-their-eye-on-future-prospects-for-war-in-the-region\/\">\r\n                            The talk shows train their eye on future prospects for war in the region                        <\/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\/25\/the-talk-shows-train-their-eye-on-future-prospects-for-war-in-the-region\/\" 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 on the segment, political analyst Mac Sharkawy said that the US is wasting all opportunities afforded by the UN General Assembly and UN Security Council to implement a ceasefire or hold Israel to account (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=xNb4tmZ9C-Q\" style=\"\" rel=\"noopener\">watch, runtime: 6:25<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An inside look at Is<\/strong><strong>rael since the war on Gaza began:<\/strong> Hebrew Professor Ahmed Fouad Anwar spoke on the program El Sa\u2019a El Sadesa with Azza Mostafa about the transformation of Israeli society since the war in Gaza began, saying that while many in the country believe that Prime Minister Benjamin Netanyahu\u2019s actions will lead to the recovery of hostages, Netanyahu and his ongoing trial in Israeli courts is a constant matter of debate within Israel. He added that he believes that the majority of the Israeli public wants an agreement to end the fighting and exchange hostages to be reached now. Anwar also speculated that Netanyahu\u2019s addition of securing Israel\u2019s north as a goal is an attempt to distract the Israeli public from his failure to achieve his previous goals in Gaza (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=jsFNnTXSYno\" style=\"\" rel=\"noopener\">watch, runtime: 7:13<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Will tensions ease on th<\/strong><strong>e Lebanon-Israel border?<\/strong> Speaking on Yahduth Fi Masr, diplomat Mostafa El Feki told host Sherif Amer that Israel\u2019s allies are currently \u201cwashing their hands\u201d of the conflict, sensing that the end of the war in Gaza is near. El Feki added that US President Joe Biden\u2019s speech at the UN General Assembly simply \u201clip service.\u201d El Feki believes that Hezbollah will de-escalate the conflict and that Iran sees an end to the conflict that could serve its dialogue with the West, pointing out that the country has its own geopolitical goals guiding its behavior beyond its support for the Palestinian cause. Sherif Amer also weighed in on President Joe Biden\u2019s speech at the UN General Assembly, calling it \u201ccompletely out of touch with reality\u201d (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=xQo8T0zoZWQ\" style=\"\" rel=\"noopener\">watch, runtime: 22:30<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- Aswan\u2019s E. coli<\/strong><strong> outbreak: <\/strong>Speaking on Yahduth Fi Masr, Aswan Governor Ismail Kamal responded to the Health Ministry\u2019s concerns about the outbreak of the \u201cmysterious illness\u201d in the Abu El Rish and Daraw areas of the governorate by saying that, \u201cThe situation is stable, the number of cases is gradually decreasing, and affected cases are expected to be discharged by the end of this week or early next week at the latest\u201d (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=Qf5WgtpuXps\" style=\"\" rel=\"noopener\">watch, runtime: 6:17<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- More on Egypt\u2019s involvem<\/strong><strong>ent in Somalia:<\/strong> Ala Mas\u2019ouleety also highlighted the arrival of a military aid shipment to and the presence of Egyptian armed forces personnel in Somalia, with host Ahmed Moussa saying that Egypt was playing an important role in helping Somalia counter terrorism \u2014 one that would help protect Egypt and the Red Sea from threats (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=743666717893483\" style=\"\" rel=\"noopener\">watch, runtime: 5:30<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">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\/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\/lebanon\/\">Lebanon<\/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\/somalia\/\">Somalia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/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=\"644401\" 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=\"644401\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/us-state-department-approval-of-usd-740-mn-stinger-missiles-sale-to-egypt-begins-to-catch-the-attention-of-the-intl-press\/\">\r\n                            Reuters covers US State Department greenlighting of Stinger missiles sale to Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/us-state-department-approval-of-usd-740-mn-stinger-missiles-sale-to-egypt-begins-to-catch-the-attention-of-the-intl-press\/\" target=\"_blank\">\n                    Open in new tab   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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/us-state-department-approval-of-usd-740-mn-stinger-missiles-sale-to-egypt-begins-to-catch-the-attention-of-the-intl-press\/&title=US State Department approval of USD 740 mn Stinger missiles sale to Egypt begins to catch the attention of the int\u2019l press\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=US+State+Department+approval+of+USD+740+mn+Stinger+missiles+sale+to+Egypt+begins+to+catch+the+attention+of+the+int%E2%80%99l+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F09%2F25%2Fus-state-department-approval-of-usd-740-mn-stinger-missiles-sale-to-egypt-begins-to-catch-the-attention-of-the-intl-press%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/us-state-department-approval-of-usd-740-mn-stinger-missiles-sale-to-egypt-begins-to-catch-the-attention-of-the-intl-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1942.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644402\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/us-state-department-approval-of-usd-740-mn-stinger-missiles-sale-to-egypt-begins-to-catch-the-attention-of-the-intl-press\/1942-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1942.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1942.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1942.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1942.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644401\" class=\"content-area-description single-story post-644401 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-defense tag-diplomacy tag-enterpriseam tag-security tag-us 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\/.60b0337f-6a87-4de4-8d9b-47cd2f3ebbea.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Big ticket arms sale to Egypt begins to catch the attention of the global press:<\/strong> Hot off the heels of the US State Department\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bdf18696-2799-49b2-801c-45119160c4c7\/us-releases-full-usd-1.3-bn-in%253cmark%253e-military-aid%253c%2Fmark%253e-to-egypt,-above-congress-objections\" style=\"\" rel=\"noopener\">approval<\/a> of USD 1.3 bn in military aid earlier this month, the US government has signed off on the sale of USD 740 mn in Stinger air-defense missiles made by Raytheon to Egypt, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us-state-dept-oks-potential-sale-stinger-missiles-egypt-740-mln-2024-09-24\/\" style=\"\" rel=\"noopener\">Reuters reports<\/a>. With a production backlog for the much sought-after missiles that already extends through 2029, it is unclear when Egypt will see the weapons be delivered.<\/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\/defense\/\">Defense<\/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\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"644403\" 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=\"644403\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/chinas-dayun-wants-to-start-locally-assembling-passenger-evs-trucks-and-light-transport-vehicles-plus-midar-cairo-3a-raya-cx\/\">\r\n                            China\u2019s Dayun wants to start locally assembling passenger EVs, trucks, and light transport vehicles. PLUS: Midar, Cairo 3A, Raya CX                        <\/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\/25\/chinas-dayun-wants-to-start-locally-assembling-passenger-evs-trucks-and-light-transport-vehicles-plus-midar-cairo-3a-raya-cx\/\" 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\/25\/chinas-dayun-wants-to-start-locally-assembling-passenger-evs-trucks-and-light-transport-vehicles-plus-midar-cairo-3a-raya-cx\/')\">\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\/25\/chinas-dayun-wants-to-start-locally-assembling-passenger-evs-trucks-and-light-transport-vehicles-plus-midar-cairo-3a-raya-cx\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=China\u2019s Dayun wants to start locally assembling passenger EVs, trucks, and light transport vehicles. PLUS: Midar, Cairo 3A, Raya CX&url=https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/chinas-dayun-wants-to-start-locally-assembling-passenger-evs-trucks-and-light-transport-vehicles-plus-midar-cairo-3a-raya-cx\/\">\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\/25\/chinas-dayun-wants-to-start-locally-assembling-passenger-evs-trucks-and-light-transport-vehicles-plus-midar-cairo-3a-raya-cx\/&title=China\u2019s Dayun wants to start locally assembling passenger EVs, trucks, and light transport vehicles. PLUS: Midar, Cairo 3A, Raya CX\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=China%E2%80%99s+Dayun+wants+to+start+locally+assembling+passenger+EVs%2C+trucks%2C+and+light+transport+vehicles.+PLUS%3A+Midar%2C+Cairo+3A%2C+Raya+CX+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F09%2F25%2Fchinas-dayun-wants-to-start-locally-assembling-passenger-evs-trucks-and-light-transport-vehicles-plus-midar-cairo-3a-raya-cx%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\/25\/chinas-dayun-wants-to-start-locally-assembling-passenger-evs-trucks-and-light-transport-vehicles-plus-midar-cairo-3a-raya-cx\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1958.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644404\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/chinas-dayun-wants-to-start-locally-assembling-passenger-evs-trucks-and-light-transport-vehicles-plus-midar-cairo-3a-raya-cx\/1958-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1958.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1958.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1958.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1958.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644403\" class=\"content-area-description single-story post-644403 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-automotive tag-development-finance tag-enterpriseam tag-hospitality tag-logistics tag-midar tag-rania-al-mashat tag-raya-cx tag-raya-holding tag-real-estate tag-sdgs tag-suez-canal-economic-zone tag-tourism 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_408146\"\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\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/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\/.987d078c-934e-4835-a10b-9a36d8c1a152.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">AUTOMOTIVE-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Chinese auto manufacturer Dayun eyes expanding Egypt operations: <\/strong>Dayun Guangzhou \u2014 whose motorized tricycles and motorcycles are familiar sights on Egyptian roads \u2014 wants to expand its range of vehicles assembled here to also include passenger cars, light transport vehicles, along with trucks, Dayun Vice President Yuan Wusheng said according to an SCZone <a target=\"_blank\" href=\"https:\/\/sis.gov.eg\/Story\/280394\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D9%8A%D9%84%D8%AA%D9%82%D9%8A-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AF%D8%A7%D9%8A%D9%88%D9%86-%D8%AC%D9%88%D8%A7%D9%86%D8%B2%D9%88-Dayun-Guangzhou?lang=ar\" style=\"\" rel=\"noopener\">statement<\/a>. The company intends to have its locally assembled passenger car be an EV. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Localization is the name of the game: <\/strong>The company\u2019s expansion plans involve establishing new production lines and expanding the percentage of local components used and availability of locally made spare parts.<\/p><p class=\"tag-border-left\">EXPANSION-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New details e<\/strong><strong>merge about Raya CX\u2019s upcoming UK venture: <\/strong>Raya Holding subsidiary Raya Customer Experience\u2019s (Raya CX) newly announced UK arm \u2014 that we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a78c923-5790-48d1-b5a6-ab1de406caa1\/alexandria-for-industrial-development-to-build-usd-120-mn-worth-of-turnkey-factories-for-foreign-companies.-plus:-united-bank,-fawry,-raya-cx,-easwaaq-%2B-post-for-investment,-trellix\" style=\"\" rel=\"noopener\">reported on<\/a> yesterday \u2014 will be an investment arm and will launch in the first half of 2025, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a8%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%b0%d8%a7%d8%aa%d9%89-%d8%b1%d8%a7%d9%8a%d8%a9-%d9%84%d9%85%d8%b1%d8%a7%d9%83%d8%b2-%d8%a7%d9%84%d8%a7%d8%aa%d8%b5%d8%a7%d9%84%d8%a7%d8%aa-%d8%aa\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>, citing an unnamed source it says has knowledge of the matter. The new entity will be entirely funded by Raya CX and is expected to raise its FX revenues by more than 70%, according to the source. It has still not decided how much will be used as an initial investment for the company.<\/p><p class=\"tag-border-left\">LOGISTICS-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Implementation<\/strong><strong> of the first phase of the Dekhila dry bulk terminal superstructure will <\/strong><strong>reach USD 50 mn<\/strong>, including supplying the essential operational equipment and completion of the remaining works, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%b5%d8%a7%d8%af%d8%b1-50-%d9%85%d9%84%d9%8a%d9%88%d9%86-%d8%af%d9%88%d9%84%d8%a7%d8%b1-%d8%aa%d9%83%d9%84%d9%81%d8%a9-%d8%aa%d9%86%d9%81%d9%8a%d8%b0-%d8%a7%d9%84%d9%85%d8%b1%d8%ad%d9%84\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing sources it says have knowledge of the matter. The terminal will be implemented in three phases, with operations expected to begin in the second half of 2025.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> A consortium of four local private and state-owned firms \u2014 <a target=\"_blank\" href=\"https:\/\/mediterraneo-egypt.com\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/mediterraneo-egypt.com\/\" style=\"\" rel=\"noopener\">Mediterraneo Egypt<\/a>, <a target=\"_blank\" href=\"http:\/\/www.latt.com.eg\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"http:\/\/www.latt.com.eg\/\" style=\"\" rel=\"noopener\">Latt<\/a><a target=\"_blank\" href=\"http:\/\/www.latt.com.eg\/\" style=\"\" rel=\"noopener\">Trading and Shipping<\/a>, an Elsewedy company, and the Transport Ministry\u2019s <a target=\"_blank\" href=\"https:\/\/www.hcmlt.gov.eg\/English\/hcmlt.html\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.hcmlt.gov.eg\/English\/hcmlt.html\" style=\"\" rel=\"noopener\">Holding Company for Maritime and Land Transport<\/a> \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/840d3b91-4dd1-4a24-b28d-8e2ec95316c3\/egyptian-consortium-to-build-usd-450-mn-dekheila-dry-bulk-terminal\" style=\"\" rel=\"noopener\">signed an agreement<\/a> on Monday to invest USD 450 mn to build, operate and manage the dry bulk terminal.<\/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- Cairo 3A will build a EGP 60 mn, 15.3k sqm dry bulk warehouse covering at Damietta <\/strong><strong>Port <\/strong>to increase their storage capacity, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%83%d8%a7%d9%8a%d8%b1%d9%88-%d8%ab%d8%b1%d9%8a-%d8%a7%d9%8a%d9%87-%d8%aa%d9%86%d9%81%d8%b0-%d9%85%d8%b4%d8%b1%d9%88%d8%b9-%d9%84%d8%aa%d8%ae%d8%b2%d9%8a%d9%86-%d8%a7%d9%84%d8%b5%d8%a8\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing an unnamed source it says has knowledge of the matter. The project \u2014 set to be completed in 2025 \u2014 is the second of its kind in Damietta port this year, with the ongoing construction of a vegetable oils storing warehouse.<\/p><p class=\"tag-border-left\">REAL ESTATE-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Midar closes in on agreements with Gulf investors: <\/strong>Midar Investment and Urban Development will likely soon sign two agreements with Gulf investors to develop two mixed-use 1.5k feddan projects in the company Mada City development, under a revenue-sharing model, an anonymous company official told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/real-estate\/54587\/%D9%85%D9%8A%D8%AF%D8%A7%D8%B1-%D8%AA%D9%82%D8%AA%D8%B1%D8%A8-%D9%85%D9%86-%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D9%8A%D9%86-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%85%D8%B9-%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86-%D8%AE%D9%84%D9%8A%D8%AC%D9%8A%D9%8A%D9%86\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The cost of the projects or the timeline and names of the investors were not revealed.<\/p><p class=\"tag-border-left\">DEVELOPMENT FINANCE-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt launched a new<\/strong><strong> national financing framework in collaboration with the UN to aid in<\/strong><strong> achieving sustainable development goals<\/strong>, according to a Planning and International Cooperation Ministry <a target=\"_blank\" href=\"https:\/\/web.facebook.com\/EgyptianCabinet\/posts\/pfbid0P59yHJzhNWEKGigLAVQPLYdc9ovA4QP3UH6t3FkvEuwQbk2DKs9pTvEEKnFN27Knl\" style=\"\" rel=\"noopener\">statement<\/a> released during the UN Summit of the Future. The Integrated National Financing Strategy will aim to increase sustainable financing to minimize funding gaps and investment risks. To realize this, Egypt will establish cost estimates for realizing SDGs, foster public-private partnerships, and support the green banking system, Egypt\u2019s Minister of Planning and International Cooperation Rania Al Mashat said.<\/p><p class=\"tag-border-left\">DIGITIZATION-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Supply Ministry<\/strong><strong> studying proposed exceptions u<\/strong><strong>nder merchant license digitization drive:<\/strong> Five regional chambers of commerce submitted a proposal to Supply Ministry calling for merchants to be exempt from converting their paper license into a digital one if they can prove that they can meet the new requirements to get the license \u2014 including, fitting CCTV, industrial health and safety measures, fire protection measures \u2014 <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%86-%d8%aa%d8%af%d8%b1%d8%b3-%d9%85%d9%82%d8%aa%d8%b1%d8%ad%d9%8b%d8%a7-%d9%85%d9%86-%d8%a7%d9%84%d8%ba%d8%b1%d9%81-%d8%a7%d9%84%d8%aa%d8%ac%d8%a7\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reported, citing unnamed sources it said were in the know. It was not specified how long the exemption they\u2019re requesting is for.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>They argue that will be a cheaper process for merchants<\/strong>, with the proposal that new conditions be added to the paper license expected to not exceed EGP 15k \u2014 a significant reduction from the EGP 30k-50k for the digital licenses that the government wants to properly implement in the beginning of 2025, the sources added.<\/p><p class=\"tag-border-left\">HOSPITALITY-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gov\u2019t prepares EGP 1 bn Port Said governorate investment to support Holy Family trail <\/strong><strong>tourism efforts: <\/strong>The government will invest EGP 1 bn to launch 1k hotel rooms in between the Al Farma archaeological site to the west of the Suez Canal, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/09\/24\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B7%D8%B1%D8%AD-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-1000%D8%BA%D8%B1%D9%81%D8%A9-%D9%81%D9%86%D8%AF%D9%82%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A8%D9%88%D8%B1%D8%B3%D8%B9%D9%8A%D8%AF-%D8%A8%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>, citing unnamed government officials. The initiative \u2014 which is expected to be invested in the last quarter of the year \u2014 is part of a wider effort to support the government\u2019s promotion of Holy Family trail tourism.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                           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class=\"issue-section markets\">\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=\"644405\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/25\/china-rolls-out-stimulus-package-to-give-a-boost-to-the-economy\/\">\r\n                            China rolls out stimulus package to give a boost to the economy                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" 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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\/.c4706a2d-9fcf-4b4a-b90b-c1c0b258dbee.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>China rolls out rate cuts, slashes RRR to revive economy: <\/strong>China\u2019s central bank, the People\u2019s Bank of China, is rolling out a series of broad monetary stimulus measures to jumpstart the country\u2019s faltering growth. The central bank slashed a key short-term interest rate and lowered the reserve requirement ratio (RRR) to its lowest point since 2018, while hinting at further RRR cuts to come. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And there\u2019s more: <\/strong>The package includes reducing borrowing costs on USD 5.3 tn worth of mortgages and lowering down-payment requirements for second homes in a bid to resuscitate the country\u2019s troubled property sector. On top of that, CNY 800 bn (USS 113 bn) is being added into the stock market to boost liquidity, with officials also looking into setting up a market stabilization fund. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big picture: <\/strong>This is the first time since 2015 that China has cut both the reverse repurchase rate and the RRR on the same day, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-24\/china-frees-banks-to-lend-more-cuts-key-interest-rate?srnd=phx-markets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. It comes after economic growth slowed to its worst pace in five quarters, putting the country on track to miss its annual economic growth target of 5% for the second time in three years. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Will it be enough? <\/strong>China\u2019s benchmark CSI 300 Index jumped 4.3% on the news, while the CNY strengthened to its strongest level in over a year. Still, some doubt the cuts will be enough to revive the real estate market, with several doubting whether the measures are enough to stimulate a property market recovery. <\/p><p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s Hang Seng extended its gains in the wake of the economic package<\/strong>, up 2.6%, and defying the lull prevalent among other Asian markets. Japan\u2019s Nikkei was marginally down, while the Topix was up only 0.3%. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wall Street futures are also largely flat<\/strong>, after the S&amp;P 500 and Dow closed at record highs yesterday. <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\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\">30,871<\/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\">-0.5% (YTD: +24.0%)<\/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>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 48.62<\/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 48.76<\/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>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 48.63<\/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 48.73<\/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-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>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:1.15;text-align:left\">12,268<\/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\">+1.1% (YTD: +2.5%)<\/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>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\">9,461<\/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: -1.2%)<\/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>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\">4,461<\/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\">+0.6% (YTD: +9.9%)<\/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>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\">5,733<\/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: +20.2%)<\/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>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\">8,283<\/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: +7.1%)<\/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>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\">4,941<\/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\">+1.1% (YTD: +9.3%)<\/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 75.17<\/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\">+1.7%<\/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>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 2.58<\/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\">+1.1%<\/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>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 2,682.60<\/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%<\/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>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 64,352.70<\/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\">+1.8% (YTD: +52.5%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\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 0.5% at yesterday\u2019s close<\/strong> on turnover of EGP 4.2 bn (6.0% above the 90-day average). Local investors were the sole net buyers. The index is up 24.0% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Elsewedy Electric (+6.2%), Sidi Kerir Petrochemicals (+2.1%), and GB Corp (+1.9%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>EFG Holding (-2.8%), Ezz Steel (-2.6%), and E-finance (-2.2%).<\/p><p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sidi Kerir Petrochemicals (Sidpec) will give shareholders 0.20 shares per existing share <\/strong>following a capital increase to distribute the company\u2019s net income from 2023, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1853.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the EGX. In total, 151.2 mn shares will be distributed with a nominal value of EGP 2 per share on 10 October for shareholders as of 9 October. <\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/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\/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<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"644407\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhat\/\">\r\n                            Read Hardhat                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">9<\/div>\r\n    \r\n                        <p class=\"f-graphik\">HARDHAT<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/what-are-the-governments-plans-to-boost-tourism-in-the-red-sea\/\"> \r\n                            What are the government\u2019s plans to boost tourism in the Red Sea?<\/a>\r\n                        <\/h3>\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\/hardhats\/what-are-the-governments-plans-to-boost-tourism-in-the-red-sea\/\" 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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USD 150 bn as it is built out. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why <\/strong><strong>the Red Sea?<\/strong> Egypt\u2019s Red Sea coastline stretches more than 1.1k km from the mouth of the Suez Canal in the north to Halayeb on the Sudanese border in the south, offering diverse landscapes that cater to a wide range of commercial, tourism, and maritime activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tourism <\/strong><strong>development takes center stage:<\/strong> An international consultancy firm has been invited to devise a comprehensive master plan for the Red Sea area, a senior Tourism Ministry official told Enterprise. The groundwork laid by large-scale infrastructure projects the government has put in place over the past several years has set the stage for significant investment opportunities, the source added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More<\/strong><strong> growth needed for the Red Sea:<\/strong> Adel El Masry, an advisor to the Chamber of Tourism Establishments, told Enterprise that while Egypt has made strides in infrastructure projects in the Red Sea, there is still a need for more hotels and tourist facilities to attract additional visitors and generate greater revenue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could <\/strong><strong>Berenice\u2019s Ras Banas <\/strong><strong>be the next Ras El Hekma?<\/strong> Investors are eyeing the Berenice area, which lies 140 km south of Marsa Alam, especially after the government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e94bb97-4820-4349-bc3a-d65afa8cdcb1\/\" style=\"\" rel=\"noopener\">b<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e94bb97-4820-4349-bc3a-d65afa8cdcb1\/\" style=\"\" rel=\"noopener\">uilt an ai<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e94bb97-4820-4349-bc3a-d65afa8cdcb1\/\" style=\"\" rel=\"noopener\">rport there<\/a> and the government last week confirmed they are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bc540e2b-9caa-4ccd-a33e-d0a659abe617\/no-more-power-cuts,-more-investments,-and-more-from-madbouly%25e2%2580%2599s-latest-presser\" style=\"\" rel=\"noopener\">working on an investment plan<\/a> to offer the Red Sea\u2019s Ras Banas area to private sector players in a transaction similar to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6279e7a2-c821-416e-b98b-046943892ea7\/is%253cmark%253e-ras-banas%253c%2Fmark%253e-the-new-ras-el-hekma%3F\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6279e7a2-c821-416e-b98b-046943892ea7\/is%253cmark%253e-ras-banas%253c%2Fmark%253e-the-new-ras-el-hekma%3F\" style=\"\" rel=\"noopener\">ADQ\u2019s Ras El Hekma USD 35 bn agreement<\/a>. This development could help transform the previously overlooked region into a major tourist and residential hub, according to the official. Jaz Hotel Group CEO and Egyptian Hotels Association steering committee chairman Alaa Akel told us that the area currently lacks any hotels, despite its great potential as a tourist destination. Akel added that offering up Ras Banas for investment is a turning point for the area, poised to give tourism along the Red Sea a major push.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Attentio<\/strong><strong>n is also on areas of South Sinai:<\/strong> The Sharm El Sheikh-adjacent Ras Gamila is also included in a larger plan to develop luxury hotels and tourist areas in the country, a government source told Enterprise. The Madbouly government set up a ministerial committee <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2493b4d0-5f98-4348-ba5d-16053210a875\/blinken-is-landing-in-egypt-soon\" style=\"\" rel=\"noopener\">earlier this year<\/a> to select a consultant to manage, evaluate, and market Ras Gamila, which is expected to have an initial sale value of USD 2-3 bn for the development rights, a government source told Enterprise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private <\/strong><strong>sector partnerships could build new airports on the Red Sea:<\/strong> The government is planning to offer new airports in the area to private developers through PPP agreements, in a bid to spread tourist attractions beyond Sharm El Sheikh, Hurghada, and Marsa Alam, the senior Tourism Ministry official told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infrastructure projects have been undertaken <\/strong><strong>alongside<\/strong><strong> the push to increase tourism:<\/strong> The Red Sea area is now connected by a state-of-the-art road network, setting the necessary conditions to attract more investments, according to Akel. He also noted that the construction of roads and solar energy facilities in Halayeb and Shalateen has been a key element of the area\u2019s development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A significant slice<\/strong><strong> of state investments went to developing the Red Sea coast:<\/strong> The government\u2019s investment plan for the Red Sea governorate for the last fiscal year allocated EGP 5.9 bn across 175 projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> According to a Planning Ministry report, EGP 2.1 bn \u2014 36% of the total \u2014 will fund electricity projects. This is followed by EGP 980 mn for local development, EGP 671 mn for housing, EGP 173 mn for higher education, and EGP 88 mn for water and irrigation projects. The remaining EGP 1.2 bn is spread across other sectors. The government\u2019s investment plan also includes 33 housing development projects, with EGP 165 mn earmarked for drinking water and sewage services, as well as 69 local development projects, including road paving initiatives worth EGP 279.8 mn, and EGP 146.5 mn to upgrade electricity networks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sustainable to<\/strong><strong>urism is the future:<\/strong> The next decade will see a significant shift in Egypt\u2019s tourism sector towards sustainable practices, which have become a key focus for global tourism, Akel told us, adding that expanding clean energy projects will play a vital role in transforming tourism activities. He argued that the shift to solar energy has been slow, due to electricity subsidies, making the infrastructure for solar power more costly. However, as subsidies decrease, the cost of transitioning will gradually drop, enabling hotels and resorts to adopt clean energy solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s <\/strong><strong>still much to be done:<\/strong> Despite these efforts, challenges remain, and Akel emphasized that the government needs to introduce significant incentives to attract private investment in the Red Sea region, particularly through offering land at discounted rates and facilitating investment in hotels, which would increase tourism revenue and FX inflows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tax <\/strong><strong>breaks and procedural ease needed:<\/strong> Akel suggested that temporary income tax exemptions \u2014 aside from VAT \u2014 could serve as an additional incentive to support tourism investment. He added that further easing of security and administrative procedures will also be key to driving the expansion of tourism investments in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All p<\/strong><strong>art of <\/strong><strong>a bigger plan:<\/strong> This comes inline with the Madbouly government\u2019s plan to attract <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60fef4bb-7de6-4a00-bf5a-e9ea88661f8e\/\" style=\"\" rel=\"noopener\">25<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60fef4bb-7de6-4a00-bf5a-e9ea88661f8e\/\" style=\"\" rel=\"noopener\">mn tourists annually by 2030<\/a> \u2014 a revised version of the previously-set goal of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b252d5fc-e5e3-41f9-a8ca-8c9cf8c17127\" style=\"\" rel=\"noopener\">hitting 30 mn tourists by 2028<\/a>. However, Akel told us that Egypt doesn\u2019t need to attract tourists, but rather it needs to attract more investors to diversify activities and generate natural tourist demand.<\/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>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>A local consortium will invest <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/840d3b91-4dd1-4a24-b28d-8e2ec95316c3\/local-consortium-to-build-usd-450-mn-dekheila-dry-bulk-terminal\" style=\"\" rel=\"noopener\">USD 450 mn<\/a><\/strong><strong> to build, manage, and operate a 300k<\/strong><strong> square meter dry bulk terminal in Dekheila Port<\/strong> under an initial agreement inked with the Alexandria Port Authority. The project comes as part of efforts to develop the Alexandria Port and boost its capacity to over 120 mn tons a year.<\/li>\n<li><strong>The Suez Canal Economic Zone wants to set up a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d58985e2-86bd-408d-95fd-0ea83d7421a5\/sczone-eyes-usd-60-mn-data-center-project-partnership-with-private-sector.-plus:-spe-capital,-valu-%2B-majid-al-futtaim,-tatweer-misr,-cushman-&amp;-wakefield\" style=\"\" rel=\"noopener\">USD 60 mn data center<\/a><\/strong> with a capacity of 5-7 MW in partnership with the private sector. The General Authority for Investment and Freezone will promote the project to local and foreign investors and the SCZone will provide all the necessary services for the project in terms of logistics and infrastructure, qualified labor, and a package of incentives.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hardhat\/\">Hardhat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span 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     <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644409\" class=\"content-area-description single-story post-644409 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>25 September (Wednesday): ITIDA\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/secc.org.eg\/English\/Pages\/DevOpsDays-Cairo.aspx\" style=\"\">DevOpsDays Cairo 2024 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>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>28-29 September (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gapp.aucegypt.edu\/research-hub\/pathways-neoliberalism-voices-mena\/conference\" style=\"\">Political Economy of the Global South Conference<\/a><\/span><span>, AUC Tahrir, Oriental Hall, Cair.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 September (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>30 September (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/event.businessfrance.fr\/forum-daffaires-egypte\/en\/home\/\" style=\"\">Egypt Business Forum<\/a><\/span><span style=\"font-weight:400;\">, Paris.<\/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 October (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/event.businessfrance.fr\/forum-daffaires-egypte\/en\/home\/\" style=\"\">Egypt Business Forum<\/a><\/span><span>, Marseille.<\/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>5-8 October (Saturday- Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/alex.technesummit.com\/2024\" style=\"\">Techne Summit Alexandria<\/a><\/span><span style=\"font-weight:400;\">, Biblioteca, Alexandria.<\/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 style=\"font-weight:400;\">7-11 October (Monday-Friday): Egyptian-Romanian Business Council Forum, Bucharest, Romania.<\/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>10-12 October (Thursday-Saturday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evs-electrify.egyreg.com\/\" style=\"\">EVs Electricity Egypt Expo and 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>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 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>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>11-15 November (Monday-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>First week of November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02ssjPZtZgtyuDjtqu6kXr1MpWTPFUnnFbPA8etz9LtXPrcjGgGnArn6sg1ryr4jEXl\" style=\"\">Egypt-Turkey high-level trade consultation mechanism.<\/a><\/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;\">May 2025: Egyptian Exporters Association (Expolink) exhibition, Italy.<\/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\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>Elsewedy Electric off to Saudi | YBG is back | Another Chinese auto company eyes upping local assembly | Red Sea set for tourism boom?<\/p>\n","protected":false},"featured_media":644387,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-644386","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f767fd71-7d82-4709-84b6-c0d354834be0","teaser":"Elsewedy Electric off to Saudi | YBG is back | Another Chinese auto company eyes upping local assembly | Red Sea set for tourism boom?","photo_url":"https:\/\/ent.news\/2024\/9\/1873.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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