{"id":644461,"date":"2024-09-26T00:00:00","date_gmt":"2024-09-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=644461"},"modified":"2025-12-17T19:07:53","modified_gmt":"2025-12-17T19:07:53","slug":"tax-reform-package-to-be-finalized-before-the-end-of-the-month-says-madbouly","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/tax-reform-package-to-be-finalized-before-the-end-of-the-month-says-madbouly\/","title":{"rendered":"Tax reform package to be finalized before the end of the month, says Madbouly"},"content":{"rendered":"<section id=\"644463\" 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=\"644463\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/get-ready-to-tell-your-canadian-friends-to-jump-on-a-plane-to-egypt\/\">\r\n                            Get ready to tell your Canadian friends to jump on a plane 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 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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\/.ae9aa1e8-0abf-4d0d-9a3b-92f021da2344.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, folks<\/strong><strong>. <\/strong>We\u2019ve been incredibly busy over here at EnterpriseAM HQ this week with the annual EnterpriseAM Finance Forum that we held on Tuesday and making sure that we keep delivering you all the most important pieces of local business news freshly into your inbox everyday. But it seems we weren\u2019t the only ones working overtime by the amount of announcements and updates over the last 24 hours.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s packed issue<\/strong>, we\u2019ve got news that new investment incentives courtesy of the government are in the pipeline, movement in the world of M&amp;A, Egypt\u2019s first SPAC coming sooner than you expected, and much, much more. Plus, for all of those that wished that they\u2019d made it to this year's EnterpriseAM Finance Forum, we\u2019ve unpicked our conversation with business leaders about what investors want to see from Egypt moving forward in the issue below.<\/p><p class=\"tag-border-left\">WATCH THIS SPACE-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Canadians should soon be able to get visas on arrival once again: <\/strong>Egypt will soon waive the requirement that Canadian citizens apply for visas in advance, Foreign Minister Badr Abdelatty said at the sidelines of the UN General Assembly according to a <a target=\"_blank\" href=\"https:\/\/www.canada.ca\/en\/global-affairs\/news\/2024\/09\/joint-readout--canada-and-egypt-strengthen-bilateral-relations.html\" style=\"\" rel=\"noopener\">statement<\/a> from the Canadian government\u2019s department responsible for foreign affairs.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Since October of last year<\/strong>, <strong>Canadians traveling to Egypt have <\/strong><strong>no longer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sis.gov.eg\/Story\/185530\/Egypt-to-apply-new-entry-visa-measures-for-Canadians-starting-October?lang=en-us\" style=\"\" rel=\"noopener\">been able<\/a><\/strong><strong> to obtain a visa on arrival<\/strong> and have instead had to apply for one via an embassy or consulate abroad before traveling. Instead of the USD 35 arrival visa previously, Canadians had to dish out USD 150 for a prior-arrival visa, undoubtedly turning away many tourists who had Egypt high on their list of countries to visit.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We never got official confirmation of what led to this<\/strong>, but <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21ad0383-4345-4a2f-8f06-ca2c3a7c7c6d\/attention-canadians:-no-visas-on-arrival-for-you\" style=\"\" rel=\"noopener\">word on the street<\/a> was that Egyptian authorities weren\u2019t happy with Canada\u2019s increasingly strict visa rules for Egyptians and decided to respond in kind. Lending credibility to this theory was an email from the Egyptian embassy in Canada to Egyptian-Canadians that described difficulties experienced by Egyptians trying to get visas for Canada as \u201coffensive in nature to the dignity of the Egyptian state.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is particularly good news <\/strong><strong>f<\/strong><strong>or 300k<\/strong> <strong>Egyptians living in Canada <\/strong>\u2014 many of which no longer have Egyptian passports. With the unexpected things life throws at you, many Egyptian-Candians without a valid Egyptian passport would have sadly not been able to make it to funerals, weddings, and the like at such short notice.<\/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>Egyptian officials are taking the stage at the AIIB:<\/strong> The Asian Infrastructure Investment Bank\u2019s (AIIB) <a target=\"_blank\" href=\"https:\/\/www.aiib.org\/en\/news-events\/events\/annual-meetings\/2024\/index.html\" style=\"\" rel=\"noopener\">2024 annual meeting<\/a> will wrap up today and several Egyptian officials will be taking the stage to participate in a number of sessions. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to look out for: <\/strong>The Finance Minister\u2019s advisor for capital markets operations Mae Adel will join Chief Risk Officer at AIIB Antoine Castel and a number of other panelists in a session titled <a target=\"_blank\" href=\"https:\/\/2024am.aiib.org\/event\/2e9f3f32-fd19-4907-a811-0b90d7d20176\/websitePage:20bf3053-4f20-427d-9055-47bd1d76a832?session=be1a0f6d-7e43-42cf-ac67-66b64ab9a7a9&amp;shareLink=true\" style=\"\" rel=\"noopener\">Mobilizing Private Capital Through Capital Markets Innovative Instruments<\/a> and another on <a target=\"_blank\" href=\"https:\/\/2024am.aiib.org\/event\/2e9f3f32-fd19-4907-a811-0b90d7d20176\/websitePage:20bf3053-4f20-427d-9055-47bd1d76a832?session=d36e481d-accd-4ed8-84c3-b306725653ba&amp;shareLink=true\" style=\"\" rel=\"noopener\">Egypt\u2019s Sustainable Building Blocks for Physical and Digital Roads<\/a>. Former Finance Minister and AIIB International Advisory Panel member Ahmed Galal will participate in a session titled <a target=\"_blank\" href=\"https:\/\/2024am.aiib.org\/event\/2e9f3f32-fd19-4907-a811-0b90d7d20176\/websitePage:20bf3053-4f20-427d-9055-47bd1d76a832?session=2c0e5432-7532-4843-ae77-c4acfa33fdb2&amp;shareLink=true\" style=\"\" rel=\"noopener\">Maximizing Investment Returns: Strategies for Enhancing the Quality of Infrastructure Investments<\/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=\"wwtt3\"><\/a> <strong>#2- It\u2019s day two of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cityscapeegypt.com\/en\/home.html\" style=\"\" rel=\"noopener\">Cityscape Egypt<\/a><\/strong>: The country\u2019s largest real estate exhibition runs until Saturday at the Egypt International Exhibitions Center and is set to 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><p class=\"tag-border-left\">PSA-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vodafone helps Egyptians get in contact with loved ones in Lebanon: <\/strong>Vodafone Egypt has <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/YSPBBLE8uK2RPTuL\/\" style=\"\" rel=\"noopener\">announced<\/a> that it will be offering free calls to and from Lebanon for three days beginning today so its customers can call to check on the safety of loved ones amid the deadly Israeli barrage on the country.<\/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 warm late-September day in Cairo today<\/strong>, with a high of 33\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>It\u2019s a few degrees cooler in Alexandria<\/strong>, with a high of 29\u00b0C and a low of 22\u00b0C.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And over the weekend, <\/strong>expect to see temperatures remain the same in the capital and likewise for our friends on the Mediterranean.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#1- We're five days away from the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.globaldpisummit.org\/\" style=\"\" rel=\"noopener\">Global DPI Summit 2024<\/a><\/strong> \u2014 aka the Global Digital Public Infrastructure Summit. The three-day event kicks off on 1 October at the new capital\u2019s St. Regis and \u201cwill spotlight the extraordinary progress countries are making in adopting and implementing DPI principles.\u201d The summit will see the participation of CIT Minister Amr Talaat and UNDP Chief Digital Officer Rober Opp, among many others. The registration door has closed but you can browse the event\u2019s agenda <a target=\"_blank\" href=\"https:\/\/www.globaldpisummit.org\/agenda\" 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=\"wwtt5\"><\/a> <strong>#2- Attention, investors: <\/strong>The Arab Women Investors Union will hold the <a target=\"_blank\" href=\"https:\/\/awiu.net\/arab-african-investment-2024\/\" style=\"\" rel=\"noopener\">Arab African<\/a><a target=\"_blank\" href=\"https:\/\/awiu.net\/arab-african-investment-2024\/\" style=\"\" rel=\"noopener\">Investment and International Cooperation Summit<\/a> in Aswan from 11-15 November. The event will help promote investment, trade, and partnerships between African, Arab, and Brics nations and host senior figures from the private and public sectors. Register for the event <a target=\"_blank\" href=\"https:\/\/awiu.net\/event-registration-form\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><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\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business news is once again being pushed down the digital front page as the world\u2019s <\/strong><strong>press cover frantic diplomatic efforts to try to put together a ceasefire to stop \u201chell \u2026 breaking loose\u201d <\/strong>\u2014 in the <a target=\"_blank\" href=\"https:\/\/news.un.org\/en\/story\/2024\/09\/1154896\" style=\"\" rel=\"noopener\">words<\/a> of UN Secretary-General Ant\u00f3nio Guterres. French and US authorities pushed for a temporary ceasefire between Israel and Hezbollah at the UN General Assembly yesterday, with French president Emmanuel Macron <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/lebanon-israel-live-updates-2024-09-25\/\" style=\"\" rel=\"noopener\">saying<\/a>, \u201cIsrael cannot, without consequence, just expand its operations to Lebanon.\u201d The two countries are apparently pushing for a 21-day ceasefire, according to two sources speaking to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c2b1c75a-5cbb-418c-9092-9157192836af\" style=\"\" rel=\"noopener\">Financial Times<\/a>, with Biden expressing hopes that a truce might help pave the way to \u201cdealing with the [occupied] West Bank\u201d and Gaza.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alongside hopes for a ceasefire are fears of an Israeli ground invasion into Lebanon <\/strong>after Israeli Chief of Staff Lieutenant General Herzi Halevi <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2024\/sep\/25\/israel-hezbollah-beirut-tel-aviv-lebanon-cross-border-conflict-expands\" style=\"\" rel=\"noopener\">told Israeli troops<\/a> that the country\u2019s airstrikes on Lebanon were aimed not just at degrading Hezbollah\u2019s capabilities, but \u201cto prepare the ground for your possible entry.\u201d <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ELSEWHERE IN THE REGION- Libya\u2019s two opposing governments have reportedly <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-25\/libya-rivals-agree-on-interim-central-bank-chief-lawmaker-says?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">agreed<\/a><\/strong><strong> on a new central bank leadership to be announced later today<\/strong>, sending Brent crude futures down 2.3% by the end of trading with the expectation of the country to soon up supply. The country\u2019s oil output has fallen by more than half this month after a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/libya-agrees-process-picking-cbank-governor-directors-un-mission-says-2024-09-25\/\" style=\"\" rel=\"noopener\">dispute<\/a> between competing political factions over central bank-controlled oil revenues led to the removal of the bank\u2019s governor and production strikes in protest.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN BIG TECH NEWS- OpenAI\u2019s CTO Mira Murati <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/78b7e7a7-7428-4c5e-bfa2-0921c9d6cd25\" style=\"\" rel=\"noopener\">announced her departure yesterday<\/a><\/strong> \u2014 the third in a string of high-profile departures from the AI leader after John Schulman and Ilya Sutskever earlier this year. It was also revealed that OpenAI is in the midst of <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/artificial-intelligence\/openai-remove-non-profit-control-give-sam-altman-equity-sources-say-2024-09-25\/\" style=\"\" rel=\"noopener\">formulating a plan<\/a> to restructure the core business into a for-profit corporation as the company seeks to remove the cap on investor returns. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- The FBI is investigating California-based VC fund <\/strong><strong>Hone Capital<\/strong> on <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d94a5467-ebf9-4992-af13-3e71061707a4\" style=\"\" rel=\"noopener\">allegations<\/a> of accessing information about the technology, finances, and clients of US-based startups for the benefit of their Beijing-based financiers or even even the Chinese state. The VC fund has invested in more than 360 tech startups in less than three years, including acquiring stakes in driverless car maker Cruise, payments group Stripe, and aerospace engineer Boom. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-canada-relations\/\">Egypt-Canada relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644465 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=\"644465\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/644465\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644465\" class=\"content-area-description single-story post-644465 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><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\u2019s 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=\"644466\" 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=\"644466\">\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\/26\/what-international-investors-want-to-see-from-egypt-moving-forward\/\">\r\n                            What international investors want to see from Egypt moving forward                        <\/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\/26\/what-international-investors-want-to-see-from-egypt-moving-forward\/\" 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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What will it take to reignite investor confidence? As the government pushes forward with projects like Ras El Hekma and attempts to attract capital from key partners like Saudi Arabia and the UAE, the real question remains: Can Egypt execute where it counts and turn optimism into action?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We brought together a panel of international advisors and investors who are committing <\/strong><strong>capital to Egypt or advising those who are looking to do business here<\/strong> during this year\u2019s Enterprise Finance Forum. We spoke to <strong>Amr El Bahey<\/strong>, CEO of Mashreq Egypt, <strong>Essam Al Tamimi<\/strong>, founder and chairman of Al Tamimi & Company, <strong>Leila Serhan<\/strong>, senior vice president and group country manager for NALP at Visa, and <strong>Sherif El Kholy<\/strong>, partner and head of Middle East and Africa at Actis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can\u2019t talk investments without bringing up Ras El Hekma: <\/strong>The landmark <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\" style=\"\" rel=\"noopener\">USD 35 bn<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\" style=\"\" rel=\"noopener\">agreement with ADQ<\/a> that gave the Abu Dhabi wealth fund and longtime investor in Egypt the development rights to Ras El Hekma on the North Coast set the stage for the float of the EGP and opened the door for a whole lotta investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So where does the project to develop Ras El Hekma stand? <\/strong>\u201cRas El Hekma is a huge project for UAE. There are two ministers leading the project from the Emirati side and it\u2019s progressing slowly, but it\u2019s going to happen,\u201d Al Tamimi said. We could be looking at six months to a year until we see significant progress on the project, but the project is moving forward despite facing challenges due to its complexity, Al Tamimi added. Al Tamimi explained that the key challenge lies in ensuring that the UAE has the freedom to fully operate and regulate the area.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regulatory clarity is key: <\/strong>One area of concern raised by Al Tamimi is the lack of regulatory clarity. The current Investment Law leaves too much subject to the assessment of ministers and the cabinet, as opposed to clear and simple guidelines set in stone. \u201cInvestors want a clear, simple, and transparent process,\u201d he said, adding that \u201cthere\u2019s a few fixes you can do on isolated issues, but there aren\u2019t regulations or laws that could basically clear things up and have investors enter the markets more smoothly and comfortably.\u201d Al Tamimi explained that \u201cthere is serious intent to solve problems, but Egypt often gets tangled in the same issues over and over again.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All about<\/strong><strong> execution: <\/strong>\u201cIt\u2019s all going to be about whether you can convert potential into tangible actionable opportunities that generate globally competitive, risk-adjusted returns,\u201d El Kholy said, adding that \u201cwhile there\u2019s a macroeconomic stabilization afoot and a structural adjustment program is progressing,\u201d much of Egypt\u2019s investment potential will depend on execution. This is what will really inspire confidence, not just signing more MoUs, he said. \u201cIt\u2019s all about execution, execution, execution,\u201d El Bahey agreed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The time is now:<\/strong> This combination of easing global macroeconomic pressures and domestic reforms creates a \u201crunway for takeoff,\u201d that could see Egypt lock in more investment, El Bahey said. \u201cI think everyone realizes this is the perfect time for unleashing the potential of Egypt... People are cautiously optimistic and want to be even more optimistic.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, what are the signs of optimism? <\/strong>El Bahey pointed to growing production lines, increased capex investments, and increased interest from partners like the UAE and Saudi Arabia as indicators. \u201cAnother positive development is the focus on targeting inflation instead of just fixing the exchange rate,\u201d he said, pointing to the easing of FX restrictions and the clearance of backlogs, which have all boosted confidence. Meanwhile, Serhan pointed to Egypt\u2019s talent pool as a major reason for optimism. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is a long-term investment destination: <\/strong>While the general consensus of the panel leaned toward cautious optimism, Serhan said her view was \u201crealistically optimistic.\u201d \u201cWhen you come to Egypt, you know you\u2019re playing the long game \u2014 it\u2019s not about the next quarter, it\u2019s about the long term,\u201d she said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why FDI flows have been slower than anticipated: <\/strong>Investors are adopting a \u201cwait-and-see\u201d approach, El Kholy said, adding that this explains why the expected surge in FDI after the float has yet to materialize. \u201cLong-term investors with a five to ten-year horizon want to see policy clarity before making any decisions,\u201d he explained. \u201cWe need to see real momentum on the privatization program and a more pro-private sector investment climate.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are signs of increasing appetite from industrial investors<\/strong>: \u201cLong-term-minded investors are starting to prick up their ears and take a fresh look at opportunities here,\u201d El Kholy noted, pointing to a recent visit by a large delegation from China. While this is promising, the panel agreed that large-scale investments will only follow when policy reforms are fully implemented.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors are waiting to see the next move: <\/strong>Investors are watching closely to see how Egypt handles its internal adjustments amid global shifts, like the start of the Fed\u2019s rate-cutting cycle. The general sentiment is that if Egypt can improve its execution, it will be well-positioned to reap the benefits of a more favorable global environment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The baseline scenario: <\/strong>The panel\u2019s baseline scenario for Egypt focuses on maintaining stability through the ongoing structural adjustment program and progress on debt sustainability, which would gradually restore investor confidence. El Kholy noted that global conditions should offer emerging markets including Egypt some relief. El Bahey added that the country is already halfway there, with the government recognizing its challenges. Meanwhile, Serhan emphasized the importance of avoiding boom-bust cycles to maintain stability in the long term. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, we need to tap into Gen Z and look beyond the traditional sectors: <\/strong>Serhan highlighted the immense potential of Egypt\u2019s Gen Z population and an expected growing middle class in driving long-term economic growth. Gen Z\u2019s purchasing power is expected to double in the next five years, making them a key demographic for businesses to target. Serhan also emphasized the potential in Egypt\u2019s creative industries, like film, music, and fashion, which can gain momentum without necessarily requiring FDI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are our panelists doing next? <\/strong>Mashreq is \u201cvery bullish on Egypt,\u201d according to El Bahey. The bank is expanding across all segments with a focus on growing its retail business. Actis is cautiously participating in the privatization program, while Visa is increasing its workforce and investing in the country\u2019s fintech and startup ecosystem.<\/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\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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                   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               <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2061.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644469\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/tax-reform-new-incentive-packages-new-labor-council-and-more-from-madboulys-post-cabinet-meeting-presser\/2061-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2061.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2061.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2061.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2061.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644468\" class=\"content-area-description single-story post-644468 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-cabinet-watch tag-enterpriseam tag-madbouly-cabinet tag-moustafa-madbouly tag-tax 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\/.ae9aa1e8-0abf-4d0d-9a3b-92f021da2344.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Madbouly talks incentives, tax, reform, labor relations, education, mergers and more in his weekly <\/strong><strong>presser<\/strong> that followed cabinet giving its approval to a number of decisions during its <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0xjPwAfv8arXhoKnZzGib1G1KSzJNm71csM36XuwNgp4VsjJM89jppf1F9AsYJyDCl?rdid=8IYbokSnyMSEGSpW\" style=\"\" rel=\"noopener\">weekly meeting<\/a>.<\/p>\n<p class=\"tag-border-left\">THE RUNDOWN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Tax reform package to be finalized in the coming days: <\/strong>Madbouly added he is working with Finance Minister Ahmed Kouchouk to finalize the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/807171d5-8e33-400a-b8de-8529aaf832b0\/new-tax%253cmark%253e-incentives%253c%2Fmark%253e-seek-to-ease-burdens-for-taxpayers,-resolve-disputes,-and-incorporate-more-taxpayers-into-the-system\" style=\"\" rel=\"noopener\">tax reform announced earlier this month<\/a> by the end of September, according to a separate <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid031bqB6KEVzB3h4G7pPLL2zv81L2Epyhi4eHjX2RnBbCjd8ias3E54N8CY19hFjsJSl\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- New incentive packages are in the works:<\/strong> Madbouly said \u2014 according to a another <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02dqadCeNG43BNYEFNKQjiWQZRVWfh2xNavyRxeS87hs3R2JkD8fA5jkHevLAwso8Tl?rdid=wuvis4CHNtQnEV3R\" style=\"\" rel=\"noopener\">statement<\/a> \u2014 he is coordinating with Investment and Trade Minister Hassan El Khatib over a new package that would encourage and incentivize both new and current investors to inject more investments into various sectors, without providing any further details.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Ministries have nearly ironed out all the details of the new government\u2019s action plan:<\/strong> The new Madbouly cabinet is in the process of finalizing its full and detailed work plan, with ministries putting their final touches on the plan before it is sent to the House.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> Enterprise spoke with El Khatib during the 2024 EnterpriseAM Finance Forum this week, where he touched on his priorities going forward. You can read the full interview <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/50c72681-4395-4534-a776-55c4311ff798\/investment-and-foreign-trade-minister-hassan-el-khatib-joins-us-at-the-enterpriseam-finance-forum\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Introducing the Supreme Council for Social Dialogue in Labor:<\/strong> The cabinet approved a draft decision put forward by the Prime Minister to establish the Supreme Council for Social Dialogue in Labor \u2014 which will include 11 members representing employers\u2019 organizations and 11 members representing workers\u2019 organizations like trade unions. The body headed by Labor Minister Mohamed Gobran will be responsible for helping develop national policies, improve cooperation between employers and employees, and settling disputes before industrial action takes place.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The Supreme Council for Social Dialogue has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aaaa6238-b564-4e33-9daf-0260d54bba79\/budget-discussions-continue-at-the-house\" style=\"\" rel=\"noopener\">discussing<\/a> the redrafted Labor Act since May ahead of passing it along to the House for discussion. The government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b600e48-3b3b-4e83-be04-d646a2df05b6\" style=\"\" rel=\"noopener\">pulled the bill<\/a> from the House last year to redraft it after backlash from the business community, which said the original version was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8154336d-5f19-46c1-8a9c-ac176dc579c0\" style=\"\" rel=\"noopener\">lopsided in favor of workers<\/a>. Prior to the redraft, the bill would have introduced new labor rights, including legislating mandatory annual raises, caps on working hours, and longer maternity leave and notice periods, among other things.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Maintaining voting powers at the EBRD: <\/strong>The cabinet approved a draft presidential decree that will see Egypt subscribe to 414 shares in the European Bank for Reconstruction and Development\u2019s <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2023\/ebrd-shareholders-back-4-billion-increase-in-banks-paidin-capital.html\" style=\"\" rel=\"noopener\">EUR 4 bn capital increase<\/a> to ensure we maintain voting power. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Two state-owned firms to merge:<\/strong> The Military Production Ministry received approval from the cabinet to merge two of its firms \u2014 Al Maasara for Engineering Industries and Helwan Diesel Engines \u2014 as part of a push from the ministry to establish larger economic entities that carry out the implementation of national projects and achieve better returns.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- The government\u2019s progress on education targets was also on the docket: <\/strong>The prime minister noted the Education Ministry\u2019s efforts to add classrooms and address teacher shortages, saying that early estimates suggest that most schools now have class sizes of less than 50 students per class as a result of the ministry\u2019s work.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#8- And a brief update on the meds shortage: <\/strong>Madbouly added that the public could be assured that shortages of certain medications would be resolved in the coming weeks, while noting that pharma factories have increased their production of various medications.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cabinet-watch\/\">cabinet watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madbouly-cabinet\/\">Madbouly Cabinet<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> 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   <\/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\/26\/catalyst-partners-middle-east-gets-fra-greenlight-to-launch-egypts-first-spac\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1898.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644472\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/catalyst-partners-middle-east-gets-fra-greenlight-to-launch-egypts-first-spac\/1898-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1898.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1898.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1898.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1898.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644471\" class=\"content-area-description single-story post-644471 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-enterpriseam tag-financial-regulatory-authority tag-spacs 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\/.ae9aa1e8-0abf-4d0d-9a3b-92f021da2344.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt\u2019s first SPAC is nearly here:<\/strong> Impact investor Catalyst Partners will set up the country\u2019s first SPAC, dubbed Catalyst Partners Middle East (CPME), after receiving the greenlight from the Financial Regulatory Authority (FRA), according to a <a target=\"_blank\" href=\"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%88%d8%a7%d9%81%d9%82-%d8%b9%d9%84%d9%89-%d8%aa%d8%a3%d8%b3%d9%8a%d8%b3-%d8%a3%d9%88%d9%84-%d8%b4%d8%b1-2\/\" style=\"\" rel=\"noopener\">statemen<\/a><a target=\"_blank\" href=\"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%88%d8%a7%d9%81%d9%82-%d8%b9%d9%84%d9%89-%d8%aa%d8%a3%d8%b3%d9%8a%d8%b3-%d8%a3%d9%88%d9%84-%d8%b4%d8%b1-2\/\" style=\"\" rel=\"noopener\">t<\/a>. The SPAC will have a month to apply to list on the EGX as per FRA regulations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A long time coming:<\/strong> The FRA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a464bafe-21f2-4b7e-a02e-63708d29114c\" style=\"\" rel=\"noopener\">greenlit a proposal<\/a> to allow the establishment of blank-check firms back in 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hot on the heels of fresh SPAC rules: <\/strong>The approval comes a couple of months after the FRA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7946492b-f694-4575-aa6d-b101f64ed99e\/\" style=\"\" rel=\"noopener\">updated<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7946492b-f694-4575-aa6d-b101f64ed99e\/\" style=\"\" rel=\"noopener\">its rules<\/a> governing the listing and delisting of the acquisition vehicles on the Egyptian bourse. Under the regulations, SPACs must apply to list on the EGX within one month of obtaining their license from the FRA, or it will be considered invalid. They need a minimum issued and paid-up capital of EGP 10 mn which must be increased to EGP 100 mn within three months of listing on the EGX.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regulation updates earlier this month<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b1d18218-7c7c-4319-9d80-d356c53dee7a\/fra-issues-new-regulations-for-listing-and-delisting-on-the-bourse,-and-updates-spac-regulations\" style=\"\" rel=\"noopener\">opened the door<\/a> for SPACs to hold temporary accounts for the purpose of conducting acquisitions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What can we expect from CPME? <\/strong>The SPAC will reportedly target fintech firms and NBFS players, with plans to acquire three firms upon receiving the license, according to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ba2fa5a-4b7c-4884-ab6b-15221bf361a2\/egypt-could-soon-welcome-its-first-spac\" style=\"\" rel=\"noopener\">unconfirmed reports<\/a> out in July when Catalyst Partners applied for the SPAC license. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s a SPAC again? <\/strong>A special purpose acquisition company is a type of shell company used by investors to acquire firms. SPACs raise money from the public in an IPO and then use the proceeds to merge with or acquire an appropriate company. Check out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6ab3251-641a-4e2c-aa00-6b8486d10c68\" style=\"\" rel=\"noopener\">our explainer<\/a> for more on how SPACs work.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spacs\/\">SPACs<\/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=\"644473 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=\"644473\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/644473\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644473\" class=\"content-area-description single-story post-644473 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:\/\/app.efghermesone.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1973.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644474\" 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=\"644474\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/real-estate-player-tabarak-holding-to-ipo-on-the-egx-by-2h-2025\/\">\r\n                            Real estate player Tabarak Holding to IPO on the EGX by 2H 2025                        <\/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\/26\/real-estate-player-tabarak-holding-to-ipo-on-the-egx-by-2h-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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by 2H 2025&url=https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/real-estate-player-tabarak-holding-to-ipo-on-the-egx-by-2h-2025\/\">\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\/26\/real-estate-player-tabarak-holding-to-ipo-on-the-egx-by-2h-2025\/&title=Real estate player Tabarak Holding to IPO on the EGX by 2H 2025\">\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 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wp-post-image\" alt=\"\" data-attachment-id=\"644475\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/real-estate-player-tabarak-holding-to-ipo-on-the-egx-by-2h-2025\/2039-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2039.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2039.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2039.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2039.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644474\" class=\"content-area-description single-story post-644474 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-egx tag-enterpriseam tag-financial-markets tag-ipo-watch tag-new-urban-communities-authority tag-real-estate 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\/.ae9aa1e8-0abf-4d0d-9a3b-92f021da2344.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Tabarak Holding to make long-awaited EGX debut in 2025: <\/strong>Tabarak Holding is planning to list 30% of its shares on the EGX by 2H 2025, chairman Ali Al Shorbany told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/54808\/%D8%AA%D8%A8%D8%A7%D8%B1%D9%83-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%AA%D8%B7%D8%B1%D8%AD-30-%D9%85%D9%86-%D8%A3%D8%B3%D9%87%D9%85%D9%87%D8%A7-%D9%81%D9%8A-%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%85%D8%B5%D8%B1-2025\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t the first time the company has mulled an IPO:<\/strong> Tabarak previously announced that it would be making EGX debut <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2288438-1757-4a28-b7a4-8060a362753b\/ebtikar-sets-ipo-deadline-by-4q2021\" style=\"\" rel=\"noopener\">by the end of 2022<\/a>, with Al Shorbany saying at the time that the company planned to list 30-40% of the company\u2019s shares in a bid to raise up to EGP 1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tabarak has big plans ahead: <\/strong>The company is targeting sales of up to EGP 15 bn from its existing projects in Egypt in the coming year, Al Shorbany said, adding that 30-35% of the company\u2019s sales in the Egyptian market have been made to clients outside of Egypt and paid for in FX.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A lot of these projects will be in around Cairo:<\/strong> The company is set to sign final agreements with the New Urban Communities Authority (NUCA) to launch its new, 800-acre project in New Sphinx next month, with Tabarak also in discussions with NUCA about the purchase of land in New Zayed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But Tabarak has also got its eyes on some big ticket projects in Saudi Arabia: <\/strong>Tabarak is currently studying potential partnerships with the Saudi National Housing Company and Al Saedan Real Estate to develop projects including a 150k square meter commercial mall complex with around SAR 100 mn worth of investments, Al Shorbany told Asharq Business.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/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\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-urban-communities-authority\/\">New Urban Communities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"644476\" 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=\"644476\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/palm-hills-yasseen-mansour-snaps-up-more-of-taaleem-magrabi-and-rivoli-vision-to-merge\/\">\r\n                            Palm Hills\u2019 Yasseen Mansour snaps up more of Taaleem + Magrabi and Rivoli Vision to merge                        <\/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\/26\/palm-hills-yasseen-mansour-snaps-up-more-of-taaleem-magrabi-and-rivoli-vision-to-merge\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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              <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Palm Hills\u2019 Yasseen Mansour snaps up more of Taaleem + Magrabi and Rivoli Vision to merge&url=https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/palm-hills-yasseen-mansour-snaps-up-more-of-taaleem-magrabi-and-rivoli-vision-to-merge\/\">\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\/26\/palm-hills-yasseen-mansour-snaps-up-more-of-taaleem-magrabi-and-rivoli-vision-to-merge\/&title=Palm Hills\u2019 Yasseen Mansour snaps up more of Taaleem + Magrabi and Rivoli Vision to merge\">\n                    LinkedIn                    <!-- <img decoding=\"async\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/palm-hills-yasseen-mansour-snaps-up-more-of-taaleem-magrabi-and-rivoli-vision-to-merge\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/821.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644477\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/palm-hills-yasseen-mansour-snaps-up-more-of-taaleem-magrabi-and-rivoli-vision-to-merge\/821-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/821.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"821.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/821.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/821.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644476\" class=\"content-area-description single-story post-644476 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-education tag-enterpriseam tag-ma-watch tag-palm-hills-developments tag-taaleem 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\/.ae9aa1e8-0abf-4d0d-9a3b-92f021da2344.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>PHD\u2019s Yasseen Mansour ups his stake in Taaleem:<\/strong> Egyptian businessman and <a target=\"_blank\" href=\"https:\/\/www.palmhillsdevelopments.com\/en-us\/getInTouch\/417908d6-44c9-40d0-a6d8-4d4b3188c9c0\/resedential_projects\" style=\"\" rel=\"noopener\">Palm<\/a><a target=\"_blank\" href=\"https:\/\/www.palmhillsdevelopments.com\/en-us\/getInTouch\/417908d6-44c9-40d0-a6d8-4d4b3188c9c0\/resedential_projects\" style=\"\" rel=\"noopener\">Hills Developments\u2019<\/a> (PHD) Chairman Yasseen Mansour has bought a additional 10.1% stake in higher education outfit <a target=\"_blank\" href=\"https:\/\/www.taaleem.me\/\" style=\"\" rel=\"noopener\">Taaleem<\/a> in an EGP 773.2 mn transaction, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/2032.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A closer look at the transaction:<\/strong> Mansour bought some 73.7 mn shares for EGP 10.49 a pop, pushing his stake from 18.3% to 28.4%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good bye MENA Long-Term Value: <\/strong>The EFG Hermes- and Wellcome Trust-managed MENA Long-Term Value fund exited its stake in the education company as part of the acquisition, selling all 7.252% stake for EGP 10.5 a share according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/2033.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mansour\u2019s vision: <\/strong>The PHD chairman outlined his goals for Taaleem in the EGX disclosure, emphasizing his desire to see the company establish the largest number of private universities in Egypt, alongside finding high-tech solutions for administration and broadening the company\u2019s social impact.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the second time Mansour increases his stake in the education outfit this month: <\/strong>The businessman upped his stake in the firm from 10.0% to 18.3% in a EGP 505.6 mn transaction last week, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1988.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> PHD and Taaleem earlier this month <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4206f035-dcac-436b-be67-35687de4ee9a\/palm-hills,-taaleem-inaugurate%253cmark%253e-badya%253c%2Fmark%253e-university\" style=\"\" rel=\"noopener\">inaugurated<\/a> Badya University \u2014 a joint venture between the two sides \u2014 in New October City. The university is part of Palm Hills\u2019 larger EGP 100 bn <a target=\"_blank\" href=\"https:\/\/www.palmhillsdevelopments.com\/en-us\/getInTouch\/4bd4b6de-35e4-42bc-a2e0-e0b13be506ad\/mega_residential_projects?campaignid=campaignid&amp;adgroupid=adgroupid&amp;keyword=keyword&amp;keyword=badya&amp;device=device&amp;device=c&amp;campaignname=%7Bcampaignname%7D&amp;adgroupname=%7Badgroupname%7D&amp;gad_source=1&amp;gclid=CjwKCAjwufq2BhAmEiwAnZqw8klnIEW07_CcC0yzmu2F1hJWksHhJFl5Eazoadn_qFWbYSmGr_guPRoCOGsQAvD_BwE\" style=\"\" rel=\"noopener\">Badya<\/a> development in West Cairo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PHD has big education plans, here and abroad:<\/strong> Mansour said earlier this month that PHD plans to set up 10 schools in the country within the next 10 years. It is also looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13c8fe0f-1cbd-43e6-8c83-262051a5b263\/\" style=\"\" rel=\"noopener\">develop up to 15 new schools in Saudi Arabia<\/a> in partnership with <a target=\"_blank\" href=\"https:\/\/www.dallah.com\/\" style=\"\" rel=\"noopener\">Dallah Albaraka<\/a> with combined investments of USD 300 mn.<\/p>\n<p class=\"tag-border-left\">MAGRABI, RIVOLI TO MERGE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt-born eyewear retailer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/magrabi.com\/eg-en\/\" style=\"\" rel=\"noopener\">Magrabi Retail Group<\/a><\/strong><strong> is merging with Dubai-based lifestyle <\/strong><strong>retailer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.rivoligroup.com\/\" style=\"\" rel=\"noopener\">Rivoli Group<\/a><\/strong><strong>\u2019s eyewear unit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.rivoligroup.com\/vision-care\" style=\"\" rel=\"noopener\">Rivoli vision<\/a><\/strong> in a transaction that will see them consolidate some 290 locations across seven Middle East countries by the end of the year, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1955.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Completion of the transaction is still pending commercial and regulatory approvals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the companies:<\/strong> Magrabi \u2014 a regional player with over 200 branches across the region \u2014 operates a manufacturing facility in Dubai, with offices across Egypt, the UAE, and KSA, while Rivoli operates 89 branches across the UAE, Qatar, Oman, and Bahrain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timelines and targets:<\/strong> The merged entity expects to achieve double-digit revenue and EBITDA growth between 2025 and 2027, Magrabi Retail Group CEO Yasser Taher tells <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2572576\/business-economy\" style=\"\" rel=\"noopener\">Arab News<\/a>. Digital sales are projected to grow 50% annually during this period. The integration process is set to be completed within 15 months, while full synergy realization is expected within two years.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palm-hills-developments\/\">Palm Hills Developments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taaleem\/\">Taaleem<\/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=\"644478\" 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=\"644478\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/edventures-expands-its-investment-portfolio\/\">\r\n                            Egyptian VC EdVentures expands its investment portfolio                        <\/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\/26\/edventures-expands-its-investment-portfolio\/\" 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\/26\/edventures-expands-its-investment-portfolio\/')\">\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\/26\/edventures-expands-its-investment-portfolio\/\">\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=EdVentures expands its investment portfolio&url=https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/edventures-expands-its-investment-portfolio\/\">\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\/26\/edventures-expands-its-investment-portfolio\/&title=EdVentures expands its investment portfolio\">\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=EdVentures+expands+its+investment+portfolio+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F09%2F26%2Fedventures-expands-its-investment-portfolio%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\/26\/edventures-expands-its-investment-portfolio\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2046.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644479\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/edventures-expands-its-investment-portfolio\/2046-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2046.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2046.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2046.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2046.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644478\" class=\"content-area-description single-story post-644478 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-edtech tag-enterpriseam tag-startup-watch tag-startups 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\/.ae9aa1e8-0abf-4d0d-9a3b-92f021da2344.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EdVentures adds eight new startups to its portfolio: <\/strong>Nahdet Misr\u2019s venture capital arm EdVentures invested in eight new startups, expanding its investment portfolio to 22 companies, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1995.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The selected startups are graduates of the VC\u2019s recent business accelerator program. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The startups offer \u201csolutions designed to revolutionize traditional education through technology.\u201d They are:<\/p>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/elkheta.com\/\" style=\"\" rel=\"noopener\">Elkheta<\/a><\/strong><strong>:<\/strong> An educational platform that provides online tutoring and exercises aligned with the new Egyptian curriculum. <\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/saikorotech.com\/\" style=\"\" rel=\"noopener\">Saikoro<\/a><\/strong><strong>:<\/strong> A platform that transforms traditional educational content to digital interactive games. <\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/the-copywriter-%D8%B0%D8%A7-%D9%83%D9%88%D8%A8%D9%8A-%D8%B1%D8%A7%D9%8A%D8%AA%D8%B1\/about\/\" style=\"\" rel=\"noopener\">The Copywriter<\/a><\/strong><strong>: <\/strong>The platform provides career guidance in creativity and writing to help youths develop professional skills.<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/eg.linkedin.com\/company\/techy-app\" style=\"\" rel=\"noopener\">Techy App<\/a><\/strong><strong>: <\/strong>The app teaches STEM subjects through a blend of online and physical education. <\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/schoolz.io\/\" style=\"\" rel=\"noopener\">SchoolZ<\/a><\/strong><strong>: <\/strong>The platform provides a specialized transportation service for school and university students, as well as employees. <\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/armstrong-courses\/\" style=\"\" rel=\"noopener\">ArmStrong<\/a><\/strong><strong>:<\/strong> An interactive online platform that offers STEM courses that blend school curricula with real-world application in Arabic and English<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.tutoroo.co\/\" style=\"\" rel=\"noopener\">Tutoro<\/a><\/strong><strong>:<\/strong> The online platform facilitates connections between students and teachers or private tutors.<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/InvestED.EduHub\/\" style=\"\" rel=\"noopener\">InvestED<\/a><\/strong><strong>: <\/strong>The platform connects companies with schools to help students with financial needs. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- EdVentures to manage innovation hubs:<\/strong> The CIT Ministry chose EdVentures to manage the digital innovation hubs across Egypt, starting with the Creativa Hub in Sohag. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/edtech\/\">edtech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644480 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div 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.entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644481\" 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=\"644481\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/\">\r\n                            Cemex inks agreement to take on its second waste-to-energy project. PLUS: Ezdehar, NeoPay, Cairo Metro                        <\/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\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/\" 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\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/')\">\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\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/\">\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=Cemex inks agreement to take on its second waste-to-energy project. PLUS: Ezdehar, NeoPay, Cairo Metro&url=https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/\">\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\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/&title=Cemex inks agreement to take on its second waste-to-energy project. PLUS: Ezdehar, NeoPay, Cairo Metro\">\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=Cemex+inks+agreement+to+take+on+its+second+waste-to-energy+project.+PLUS%3A+Ezdehar%2C+NeoPay%2C+Cairo+Metro+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F09%2F26%2Fcemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro%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\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2048.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644482\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/cemex-inks-agreement-to-take-on-its-second-waste-to-energy-project-plus-ezdehar-neopay-cairo-metro\/2048-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2048.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2048.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2048.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2048.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644481\" class=\"content-area-description single-story post-644481 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-ezdehar tag-fintech tag-mashreq-bank tag-renewables tag-transport 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\/.ae9aa1e8-0abf-4d0d-9a3b-92f021da2344.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">RENEWABLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Cemex inks agreement to operate Assuit WtE facility:<\/strong> Cemex through its Regenera arm will process over 7k tons of municipal solid waste monthly into alternative fuel and organic fertilizer \u2014 its second waste-to-energy (WtE) project in the country \u2014 under an agreement inked with Assuit Governorate, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d8%b3%d9%8a%d9%85%d9%83%d8%b3-%d8%aa%d9%88%d9%82%d8%b9-%d8%a7%d8%aa%d9%81%d8%a7%d9%82%d9%8a%d8%a9-%d9%84%d8%aa%d8%b4%d8%ba%d9%8a%d9%84-%d9%85%d8%b5%d9%86%d8%b9-%d8%aa%d8%af%d9%88%d9%8a\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing a company statement. No further details of the project were revealed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Cemex\u2019s first WtE rodeo:<\/strong> Cemex took steps to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/775a5e9e-160a-44c3-966b-a6517cb82bfb\/are-eco-industrial-parks-the-key-to-a-cleaner-industrial-future%3F\" style=\"\" rel=\"noopener\">establish<\/a> its first waste conversion facility in Gharbia Governorate back in May, with the company signing a partnership agreement to manage and operate a non-hazardous waste recycling and processing plant in El Mahalla El Kubra.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>We heard in August that the government is set to sign contracts collectively worth up to USD 1.2 bn with eight local-foreign consortiums to produce a total of 1.7 bn Kw\/h of electricity from municipal solid waste across a number of governorates, Waste Management Regulatory Authority consultant Khaled Elfarra <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cddb654f-695e-48b6-bb71-2f45e6624b83\/waste-to-energy-projects-worth-up-to-usd-1.2-bn-could-be-coming-our-way-soon\" style=\"\" rel=\"noopener\">recently told Enterprise<\/a>.<\/p>\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Look out for some big ticket investments coming our way from Ezdehar: <\/strong>Egypt-based private equity firm Ezdehar Management plans to invest USD 100 mn over the coming two years through acquisitions in the retail, industrial, and export-heavy sector, Managing Director Emad Barsoum told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/companies\/54661\/%D8%A7%D8%B2%D8%AF%D9%87%D8%A7%D8%B1-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%A8%D8%A7%D8%B4%D8%B1-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%B6%D8%AE-100-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The investments will come from its Ezdehar Egypt Mid-Cap Fund II, which counts the European Bank for Reconstruction and Development, International Financing Corporation and others among its contributors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Dalydress to head to the Gulf? <\/strong>Ezdehar-owned local clothing brand Dalydress has plans to extend to the Saudi market next year, ahead of further expansions to the rest of the GCC, Barsoum added. Ezdehar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fab775a7-1b2c-4413-9891-31d51c7431c2\/ezdehar-acquires-majority-stake-in-apparel-player-behind%253cmark%253e-dalydress%253c%2Fmark%253e-and-premoda\" style=\"\" rel=\"noopener\">purchased above 80% stake<\/a> in clothing company SETA Textiles \u2014 the company behind Dalydress and Premoda \u2014 early this year.<\/p>\n<p class=\"tag-border-left\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could NeoPay expand to Egypt? <\/strong>New majority owners of payment services provider NeoPay, Bahrain-based asset management firm <a target=\"_blank\" href=\"https:\/\/www.arcapita.com\/\" style=\"\" rel=\"noopener\">Arcapita Group Holdings<\/a> and Turkish fintech firm Dgpays, want to expand its services outside the UAE and into other GCC countries, Egypt, and Pakistan, Arcapita\u2019s Managing Director of MENA Investment Yousif Al Abdalla told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/09\/23\/-%D8%A7%D8%B1%D9%83%D8%A7%D8%A8%D9%8A%D8%AA%D8%A7-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%AA%D9%88%D8%B3%D9%8A%D8%B9-%D9%86%D8%B7%D8%A7%D9%82-%D8%B9%D9%85%D9%84-%D9%86%D9%8A%D9%88%D8%A8%D8%A7%D9%8A-%D8%AE%D8%A7%D8%B1%D8%AC-%D8%A7%D9%84%D8%A7%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The expansion could happen through M&amp;As with firms operating in the market, forming JVs with local banks, or acquiring the necessary license to operate in the new markets, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Arcapita and Dgpays <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3cc2cee5-c4f4-4756-9fd0-95e6b4c1bfa5\/\" style=\"\" rel=\"noopener\">acquired 65%<\/a> of Mashreq Bank\u2019s payment subsidiary NeoPay earlier this month.<\/p>\n<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another phase of Cairo Metro Line 3 incoming:<\/strong> The National Tunnels Authority inked an MoU with a consortium led by French construction company <a target=\"_blank\" href=\"https:\/\/www.vinci.com\/vinci.nsf\/en\/index.htm\" style=\"\" rel=\"noopener\">Vinci<\/a> to prepare the preliminary design and technical study for phase 4C of the Cairo Metro Line 3, according to a Transport Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php\/?story_fbid=839776654986059&amp;id=100068611971858&amp;_rdr\" style=\"\" rel=\"noopener\">statement<\/a>. The construction includes French construction companies Vinci and <a target=\"_blank\" href=\"https:\/\/www.bouygues.com\/en\/\" style=\"\" rel=\"noopener\">Bouygues Group<\/a> as well as local construction companies Arab Contractors and Orascom Construction. The new phase will extend from Heliopolis to Cairo International Airport. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/ezdehar\/\">Ezdehar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mashreq-bank\/\">Mashreq Bank<\/a>\n                <!-- <span 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2280.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644484\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/oecd-revises-2024-global-growth-forecast-to-3-2-hinting-stability\/2280-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2280.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2280.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2280.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2280.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644483\" class=\"content-area-description single-story post-644483 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-economy tag-enterpriseam tag-financial-markets tag-inflation tag-oecd tag-planet-finance 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_408150\"\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\/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\/.ae9aa1e8-0abf-4d0d-9a3b-92f021da2344.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The global economy is inching closer towards stability<\/strong>, with the impact of aggressive rate hikes by central banks starting to fade, according to the Organisation for Economic Cooperation and Development <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/2044.pdf\" style=\"\" rel=\"noopener\">(OECD)\u2019s latest economic forecast (pdf)<\/a>. The Paris-based organization revised its global growth forecast for 2024 to 3.2%, up 0.1 percentage points. The projection for 2025 was kept at the same level.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s driving the change?<\/strong> A combination of cooling inflation, recovering trade flows, and easing labor market pressures is boosting the economy and allowing central banks to begin to ease monetary policy. If the decline in oil prices persists, headline inflation could fall a further 0.5 percentage points lower than expected next year, the OECD says. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big picture: <\/strong>Global growth is expected to stabilize despite geopolitical tensions and sluggish labor markets. The OECD now expects the UK economy to expand by 1.1% in 2024, up from its previous estimate of 0.4%, and by 1.2% in 2025, up 0.2% percentage points from its previous estimate. Growth in the euro zone is expected to nearly double from 0.7% growth this year to 1.3% in 2025, as incomes outpace inflation.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, the US and China are up for more modest slowdowns<\/strong>, with interest rate cuts expected to help cushion the US economy\u2019s slowdown to 1.8% next year from 2.6% in 2024, up from a previous 2025 estimate of 1.6%. <\/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>Asian markets are largely in the green<\/strong>, with China\u2019s CSI 300 continuing a five-day streak of gains as investors cheer the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ed5ef3b0-afb3-40f5-b561-6b9719c527a4\/china-rolls-out-stimulus-package-to-give-a-boost-to-the-economy\" style=\"\" rel=\"noopener\">economic stimulus package<\/a> introduced by the government earlier this week. Japan\u2019s Nikkei and South Korea\u2019s Kospi are also both up 1.7%. <strong>Over on Wall Street<\/strong>, the Dow Jones broke its four-day streak of gains, with futures little changed this morning. <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\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>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\">31,251<\/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\">+1.2% (YTD: +25.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 48.47<\/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 48.62<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 48.50<\/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 48.60<\/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\">12,344<\/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: +3.1%)<\/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>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\">9,516<\/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: -0.6%)<\/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\">4,489<\/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: +10.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,722<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +20.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,269<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +6.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,917<\/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: +8.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 73.46<\/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\">-2.3%<\/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>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 2.66<\/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\">+0.7%<\/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>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 2,681.10<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 63,439.50<\/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\">-1.2% (YTD: +50.2%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 1.2% at yesterday\u2019s close<\/strong> on turnover of EGP 4.7 bn (18.1% above the 90-day average). Regional investors were the sole net buyers. The index is up 25.5% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Elsewedy Electric (+8.6%), Emaar Misr (+6.2%), and GB Corp (+3.5%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Alexandria Containers and Cargo Handling (-0.6%), Cleopatra Hospitals (-0.3%), and Eastern Company (-0.2%).<\/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\/economy\/\">economy<\/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\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oecd\/\">OECD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644485\" 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=\"644485\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/ali-abdo-chief-partnership-officer-at-esg\/\">\r\n                            Ali Abdo, chief partnership officer at ESG&amp;                        <\/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\/26\/ali-abdo-chief-partnership-officer-at-esg\/\" 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\/26\/ali-abdo-chief-partnership-officer-at-esg\/')\">\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\/26\/ali-abdo-chief-partnership-officer-at-esg\/\">\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=Ali Abdo, chief partnership officer at ESG&&url=https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/ali-abdo-chief-partnership-officer-at-esg\/\">\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\/26\/ali-abdo-chief-partnership-officer-at-esg\/&title=Ali Abdo, chief partnership officer at ESG&\">\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=Ali+Abdo%2C+chief+partnership+officer+at+ESG%26+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F09%2F26%2Fali-abdo-chief-partnership-officer-at-esg%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\/26\/ali-abdo-chief-partnership-officer-at-esg\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1976.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"644486\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/ali-abdo-chief-partnership-officer-at-esg\/1976-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1976.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1976.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1976.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1976.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644485\" class=\"content-area-description single-story post-644485 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-climate tag-enterpriseam tag-esg tag-my-morning-routine 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\/10\/.1e314107-95b5-4446-93f2-262d5a86298a.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Ali Abdo, Chief Partnership Officer at ESG&<\/strong>: Each week, My Morning Routine looks at how a successful member of the community starts their day, and then throws in a couple of random business questions just for fun. This week, we\u2019re speaking with Ali Abdo (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/aliabdo\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), chief partnership officer at ESG&.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My name is Ali Abdo.<\/strong> I am currently the chief partnership officer at <a target=\"_blank\" href=\"https:\/\/esgand.eco\/\" style=\"\" rel=\"noopener\">ESG&<\/a>, a company that specializes in providing technical solutions for sustainability. I\u2019m also a bit of an adventurer with multiple Guinness World Records and I have a project called <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/rideto2030\/\" style=\"\" rel=\"noopener\">The Ride to 2030<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My day job revolves around expanding the impact of ESG& in the MEA region<\/strong>, be it through finding new partners or by creating new opportunities. Our main goal is to help different entities reduce their environmental impact and communicate their environmental record with more transparency and accuracy. A large part of my job is taking part in meetings, negotiations, and finding common ground with different partners across industries \u2014 we used to be focused primarily on the banking sector, but we\u2019re moving towards the industrial sector as well. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regulations covering environmental sustainability have caused more and more firms and <\/strong><strong>organizations to begin reporting and measuring the environmental impact of their operations. <\/strong>However, many firms lack the manpower, the budget, and the time to do this effectively. We created a solution that helps these entities achieve that goal with the least costs and time. Our platform \u2014 dubbed <a target=\"_blank\" href=\"https:\/\/esgand.eco\/climate-edge\/\" style=\"\" rel=\"noopener\">Climate Edge<\/a> \u2014 helps firms measure and reduce their carbon footprints and communicate their results. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more awareness among businesses over the importance of sustainability <\/strong>and the importance of community impact as well. More entities are interested in sustainability and are working to contribute towards sustainable goals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m the first Arab to set a world record on a motorcycle and the first Arab to set a world <\/strong><strong>record on an electric vehicle. <\/strong>Ahead of the COP27 conference in Egypt, I organized a trip called \u201cThe Ride to COP 27\u201d to help raise awareness for climate action and sustainability. During this trip, I visited all of Egypt\u2019s governorates on my electric motorcycle, setting the world records for the longest ever trip on an electric motorcycle, and for the longest trip on an electric motorcycle inside one country. I then took part in COP27 to talk about some of the stories and challenges I accumulated during my trip.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Last year, I drove my motorcycle from Egypt to the UAE<\/strong>, setting the record for most cities visited by an electric motorcycle. We also got recognized as one of the most important initiatives in climate action.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This year, we\u2019re going global<\/strong> \u2014 our journey will begin in Dubai and will pass through ten countries, Oman, Saudi Arabia, Qatar, Bahrain, Kuwait, Iraq, Turkey, Georgia, and finally Azerbaijan. We want to teach people about climate change, highlight success stories from communities we visit, and shed light on some of the challenges we still face \u2014 all while setting the Guiness record for most countries visited with an electric motorcycle.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The very first thing I do in the morning is I have my two cups of coffee.<\/strong> I wake up around 6am and check my newsletters for the latest trends, then I check my emails and prioritize the most urgent emails. The rest of the team signs in at around 9am and I start receiving phone calls and following up with a number of people around 10am. Because we work with people based in different time zones, meetings could happen a bit later than my usual working hours. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I have to be done with all the donkeywork by 12pm <\/strong>and get it out of the way while I have the energy at the beginning of the day. That\u2019s my one constant every day, other than watching a show every night before going to sleep.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To stay focused, I have to write everything that goes on in general<\/strong> \u2014 in a meeting or otherwise. To be organized in a world as dynamic as this is really challenging, but you can try to be resilient. That\u2019s how you can observe everything around you and keep track of everything. I use a number of different tools to keep things organized, but it\u2019s mainly about being resilient for me. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My next goal is to help at least 1 mn people play a role in helping counter climate change.<\/strong> That\u2019s both my personal and my professional goal. While I have a wide number of goals in general, this is my main one. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Work-life balance is something I find essential.<\/strong> Last year, I was doing my master\u2019s degree, going on a trip, and I was in charge of 12 different projects for IBM \u2014 and I still managed to achieve highest honors. But I really appreciate work-life balance, and I don\u2019t think we should live to work. My life and my family come before work, always. It\u2019s something I constantly try to keep in check and make sure my work isn\u2019t impacting the time I get to spend with my family. It\u2019s part of the reason why I work remotely. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When I need to relax and switch off, I play video games.<\/strong> They help me reboot my brain after a hard day\u2019s work so that I can start fresh the next time I have to do a heavy task. Call of Duty is my game of choice.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I highly recommend listening to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.youtube.com\/channel\/UCqW7G8SmyeEeQYzLOk5tdSg\" style=\"\" rel=\"noopener\">El Da7ee7<\/a><\/strong><strong>.<\/strong> I like to watch shows about history and science as well, but I haven\u2019t been able to read as much since having children. I still read, but it\u2019s mostly technical stuff.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The best piece of advice I\u2019ve ever gotten came from one of my old managers.<\/strong> He said that I have to dedicate a part of my life solely for myself. \u201cYou can\u2019t do everything for other people,\u201d he said. And my personal piece of advice for people is that \u201cwe have to accept and we have to adapt.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate\/\">Climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/esg\/\">ESG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"644487\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/26\/644487\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-644487\" class=\"content-area-description single-story post-644487 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>25-26 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 style=\"font-weight:400;\">, 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\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>Tax reform incoming | More from the EnterpriseAM Finance Forum | Egypt\u2019s first SPAC is ready to launch | Another EGX IPO in the works<\/p>\n","protected":false},"featured_media":644462,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-644461","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b2001f30-053c-4667-9496-e24dde6e5f0d","teaser":"Tax reform incoming | More from the EnterpriseAM Finance Forum | Egypt\u2019s first SPAC is ready to launch | Another EGX IPO in the works","photo_url":"https:\/\/ent.news\/2024\/9\/2043.jpg"},"yoast_head":"<!-- This site is optimized 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