{"id":645055,"date":"2017-07-11T04:32:57","date_gmt":"2017-07-11T04:32:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=645055"},"modified":"2025-12-17T19:29:03","modified_gmt":"2025-12-17T19:29:03","slug":"inflation-rates-drop-again-in-june","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/inflation-rates-drop-again-in-june\/","title":{"rendered":"Inflation rates drop again in June"},"content":{"rendered":"<section id=\"645057\" 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=\"645057\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/what-were-tracking-on-11-july-2017\/\">\r\n                            What we\u2019re tracking on 11 July 2017                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/what-were-tracking-on-11-july-2017\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Don\u2019t get too attached to seeing rates like these, considering the impact of the wave of price hikes we have seen recently (we have more coverage on that in the Speed Round).<\/p><p><strong>Day 2 post interest rate hikes<\/strong> saw Egyptian stocks witnessing a bump of 1.1% and no major announcement that companies were suspending CAPEX. This comes as <strong>foreigners snapped up USD 30.5 mn worth of high-yielding debt<\/strong> in Monday\u2019s auction. Average yields on Egypt's three-year and seven-year bonds rose to 19.48% and 19.21%, respectively, from 18.38% and 18.35%,<a href=\"http:\/\/www.cbe.org.eg\/en\/Auctions\/Pages\/AuctionsEGPTBonds.aspx\">central bank data showed<\/a>.<\/p><p>On a related note, <strong>Finance Minister Amr El Garhy <\/strong><a href=\"https:\/\/alborsanews.com\/2017\/07\/10\/1036493\"><strong>denied statements<\/strong><\/a><strong> attributed to ministry sources that the recent interest rate hikes by 200 bps would increase the budget deficit <\/strong>by EGP 30 bn. He added that monetary and fiscal policies were in sync. <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/09\/cbe-raises-interest-rates-200-bps\/\">We had noted on Sunday<\/a> that Vice Minister of Finance Mohamed Maait said that neither Thursday\u2019s interest rate hike nor May\u2019s interest rate hike had been factored into the budget.<\/p><p><strong>Glory, hallelujah. Some progress on getting the laptop ban on flights to the US from Egypt removed?<\/strong> A delegation from the US is set to arrive this week to inspect Egypt\u2019s airports to decide whether to lift the ban on laptops and other devices onboard flights to the US, Civil Aviation Minister <a href=\"http:\/\/www.almalnews.com\/Story\/339558\/58\/%D9%81%D8%AA%D8%AD%D9%89--%D9%88%D9%81%D8%AF-%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%89-%D9%8A%D8%B1%D8%A7%D8%AC%D8%B9-%D9%82%D8%B1%D8%A7%D8%B1-%D9%85%D9%86%D8%B9-%D8%A7%D9%84%D8%A3%D8%AC%D9%87%D8%B2%D8%A9-%D8%A7%D9%84%D9%84%D9%88%D8%AD%D9%8A%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B7%D8%A7%D8%A6%D8%B1%D8%A7%D8%AA\">Sherif Fathy tells Al Mal<\/a>. As <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/10\/egypt-is-the-sole-party-awaiting-exemption-from-laptop-ban\/\">we noted yesterday<\/a>, all other countries who have been slapped with the laptop ban have been given at least a tentative exemption. Royal Jordanian and Kuwait Airways announced exemptions on Sunday, joining Etihad Airways, Qatar Airways and Turkish Airline. Royal Air Maroc, Saudi Airlines and Emirates Airlines have announced an exemption is forthcoming. As we have been spending plenty on developing security at our airports, especially since the Metrojet crash of 2015, we expect (hope) that these inspections by the US delegation would go swimmingly.<\/p><p><strong>...The UK is also sending a delegation to inspect airports this week<\/strong>, <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/09\/what-were-tracking-on-9-july-2017\/\">according to some infuriating comments by Ambassador John Casson<\/a> on Saturday, who said that we still have some ways to go before UK resumes flights to Sharm.<\/p><p><strong>The same could not be said for the resumption of flights from the Russians:<\/strong> Fathy had nothing to offer by way of progress on the resumption of flights with Russia. Talks are ongoing, he said at the opening of a new duty free store in Cairo Airport, but there was nothing new to report there, <a href=\"http:\/\/www.almalnews.com\/Story\/339595\/58\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D9%8A%D9%83%D8%B4%D9%81-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF-%D9%81%D9%8A-%D9%85%D9%84%D9%81-%D8%A7%D8%B3%D8%AA%D8%A6%D9%86%D8%A7%D9%81-%D8%A7%D9%84%D8%B1%D8%AD%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%B1%D9%88%D8%B3%D9%8A%D8%A9\">according to Al Mal<\/a>.<\/p><p>We are hearing <strong>some very interesting news from the global oil and gas market<\/strong> that are worth a look this morning:<\/p><ul>\n<li><strong>Qatari LNG exports remain stable amid ongoing tension<\/strong>, a top official at Shell<a href=\"http:\/\/www.reuters.com\/article\/us-gulf-qatar-lng-shell-idUSKBN19V1M6\">tells Reuters<\/a>.<\/li>\n<\/ul><ul>\n<li>After signing agreements with Iran, <strong>France\u2019s Total appears to be the most ideal candidate to bid on Qatari gasfields <\/strong>(shared with Iran), <a href=\"http:\/\/www.reuters.com\/article\/us-qatar-gas-total-idUSKBN19V0J4\">sources in Doha said<\/a>.<\/li>\n<li><strong>Indian energy company ONGC Videsh will bid in an upcoming auction to explore and develop gas fields off the coast of Lebanon<\/strong>, in the pool of gas in the Mediterranean shared with Egypt, Cyprus and Israel, <a href=\"http:\/\/www.reuters.com\/article\/us-india-lebanon-exploration-idUSKBN19V0P5\">Reuters reports<\/a>.<\/li>\n<li><strong>Aramco plans to invest USD 300 bn over the next 10 years<\/strong>, CEO Amin Nasser said <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-07-10\/aramco-to-spend-300-billion-as-ceo-frets-about-world-oil-supply\">according to Bloomberg<\/a>.<\/li>\n<\/ul><p><strong>We hope your ACs are working, as<\/strong> <strong>Cairo will see temperatures today reaching a high of 39 degrees Celsius<\/strong>, according to <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/273344\/Egypt\/Politics-\/Egypt-set-for-hot-weather-on-Tuesday,--degrees-Cel.aspx\">Ahram Online<\/a>. It will be more tolerable in Alexandria, with a high of 31 degrees Celsius. Looks like another weekend in Sahel.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645058\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span 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33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645059\" 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=\"645059\">\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\">What We\u2019re Tracking This Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/what-were-tracking-this-week-153\/\">\r\n                            What we\u2019re tracking this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/what-were-tracking-this-week-153\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/what-were-tracking-this-week-153\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/what-were-tracking-this-week-153\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking this week&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/what-were-tracking-this-week-153\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/what-were-tracking-this-week-153\/&title=What we\u2019re tracking this week\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fwhat-were-tracking-this-week-153%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/what-were-tracking-this-week-153\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645059\" class=\"content-area-description single-story post-645059 post type-post status-publish format-standard hentry category-what-were-tracking-this-week tag-enterpriseam tag-what-were-tracking-this-week wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s investment roadmap will be available for viewing this week<\/strong>, according to Minister Sahar Nasr. She had previously said that the plan will be regularly updated but currently contains 600 investment opportunities concentrated mostly in New Valley, Fayoum, and Qena.<\/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\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/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=\"645060\" 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=\"645060\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON THE HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/on-the-horizon-187\/\">\r\n                            On the horizon                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/on-the-horizon-187\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/on-the-horizon-187\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/on-the-horizon-187\/\">\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=On the horizon&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/on-the-horizon-187\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/on-the-horizon-187\/&title=On the horizon\">\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=On+the+horizon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fon-the-horizon-187%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/on-the-horizon-187\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645060\" class=\"content-area-description single-story post-645060 post type-post status-publish format-standard hentry category-on-the-horizon tag-enterpriseam tag-on-the-horizon wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>World Hepatitis Day is coming on Friday, 28 July.<\/strong> To mark the occasion, our good friends at Al Borg Laboratories will be participating in the World Hepatitis Alliance\u2019s global campaign, the company <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/07\/el-borg.pdf\">announced in a statement<\/a>. The campaign \u2014 one of only four global disease-specific awareness days that are officially endorsed by the World Health Organization \u2014 rallies the support of organizations and individuals all over the world to stop the spreading of the disease through diagnosis of as many of those infected as possible. Al Borg is offering a 30% discount on all Hepatitis tests during the month of July for the nationwide campaign.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-horizon\/\">ON THE HORIZON<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645061\" 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=\"645061\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/el-garhys-interview-on-hona-al-asema\/\">\r\n                            El Garhy\u2019s interview on Hona Al Asema                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/el-garhys-interview-on-hona-al-asema\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/el-garhys-interview-on-hona-al-asema\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/el-garhys-interview-on-hona-al-asema\/\">\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=El Garhy\u2019s interview on Hona Al Asema&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/el-garhys-interview-on-hona-al-asema\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/el-garhys-interview-on-hona-al-asema\/&title=El Garhy\u2019s interview on Hona Al Asema\">\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=El+Garhy%E2%80%99s+interview+on+Hona+Al+Asema+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fel-garhys-interview-on-hona-al-asema%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/el-garhys-interview-on-hona-al-asema\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645061\" class=\"content-area-description single-story post-645061 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Finance Minister Amr El Garhy\u2019s interview with Lamees Al Hadidi<\/strong> was the only thing to stand out in another tepid night in the airwaves.<\/p>\n<p><strong>The second USD 1.25 bn disbursement of the IMF\u2019s USD 12 bn extended facility will be checked into state coffers within the week<\/strong>, Finance Minister Amr El Garhy told Lamees on last night\u2019s Hona Al Asema. The minister also said month-on-month inflation levels are expected to decline gradually, but it will take time for consumers to feel the change.<\/p>\n<p><strong>Speaking on the murmurs of an upcoming <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/03\/eurobond-issuance-in-september\/\"><strong>EUR 1-1.5 bn eurobond issuance<\/strong><\/a><strong> supposedly happening in September<\/strong>, El Garhy confirmed that there are discussions on these happening. He said, however, that the ministry has yet to conduct a study to determine whether this will take place.<\/p>\n<p><strong>The effect of fiscal reform measures, such as new fuel and electricity price hikes, will reflect on July inflation rates<\/strong>, but it will not be as hard on them as November\u2019s EGP floatation, \u201cbecause at that time, it was a combination of fuel price hikes and currency liberalization all at once.\u201d<\/p>\n<p><strong>On the CBE\u2019s recent decision to hike key interest rates by 200 bps, <\/strong>El Garhy said that the impact on the budget represents the main challenge, as the hike was not factored in. The impact might not be so substantial though, as the Finance Ministry calculates average rates and the hike is likely only temporary. Interest comprises around EGP 307 bn of Egypt\u2019s EGP 1.2 tn budget, from EGP 292 bn previously. Interest on Suez Canal certificates will not rise in step, El Garhy also said (<a href=\"https:\/\/www.youtube.com\/watch?v=ixwPpa4G4zA\">watch<\/a>, runtime 10:29).<\/p>\n<p><strong>On Kol Youm, Amr Adib was still on the Qatar mosalsal,<\/strong> speaking to Kuwaiti newspaper Al-Seyassah\u2019s Editor in Chief Ahmed Al Jarallah, who said that Qatar failed to play by the rules when it came to the Riyadh agreement (<a href=\"https:\/\/www.youtube.com\/watch?v=DJrwTsCNhkw\">watch<\/a>, runtime 7:26).<\/p>\n<p><strong>Adib then moved on to talk about the launch of the new Toyota Fortuner Egypt assembly line. <\/strong> Arab Organization for Industry (AOI) head Abdel El Aziz Seif El Din said in a report that the original agreement with Toyota was inked in 2010 and that the AOI will manufacture three models of the Toyota Fortuner under a new agreement. 14 factories will be involved in the process, he said (<a href=\"https:\/\/www.youtube.com\/watch?v=iJ0lJiy7VZE\">watch<\/a>, runtime 3:53).<\/p>\n<p><strong>Also harping on Qatar <\/strong>was political analyst Abdel Moneim Said told <strong>Yahduth fi Misr\u2019s Sherif Amer<\/strong> that the contents of the Riyadh Agreement that were just made public prove that Egypt, Saudi Arabia, UAE, and Bahrain banded up against the small Gulf country.<\/p>\n<p><strong>Over on Masaa\u2019 DMC, <\/strong>Health Ministry spokesperson Khaled Mogahed denied news of shortages in baby formula supplies (<a href=\"https:\/\/www.youtube.com\/watch?v=1HGfkztBaBA\">watch<\/a>, runtime 4:51).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645062\" 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=\"645062\">\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\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/inflation-rates-drop-again-in-june\/\">\r\n                            Inflation rates drop again in June                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/inflation-rates-drop-again-in-june\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/inflation-rates-drop-again-in-june\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/inflation-rates-drop-again-in-june\/\">\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=Inflation rates drop again in June&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/inflation-rates-drop-again-in-june\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/inflation-rates-drop-again-in-june\/&title=Inflation rates drop again in June\">\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=Inflation+rates+drop+again+in+June+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Finflation-rates-drop-again-in-june%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/inflation-rates-drop-again-in-june\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645062\" class=\"content-area-description single-story post-645062 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Inflation rates drop again in June:<\/strong> Egypt's core inflation rose to 31.95% year-on-year in June from 30.57% in May, according to <a href=\"http:\/\/www.cbe.org.eg\/en\/Pages\/HighlightsPages\/CPI-Press-Release-June-2017.aspx\">a statement by the CBE<\/a> on Monday. The good news is that the monthly core inflation rate dropped to 0.8% in June from 1.99% in May. Annual headline consumer price inflation rose slightly in June to 29.8% from 29.7% in May, <a href=\"http:\/\/www.capmas.gov.eg\/Pages\/ShowHmeNewsPDF.aspx?page_id=\/Admin\/News\/PressRelease\/20177108557_%D8%A8%D9%8A%D8%A7%D9%86%20%D8%B5%D8%AD%D9%81%D9%8A%206-2017%20.pdf&Type=News\">CAPMAS said on Monday<\/a>. However, the monthly inflation rate in Egyptian cities eased to 0.8% in June from 1.7% in May.<\/p>\n<p><strong>This is the second drop in inflation rates after May since the EGP was floated back in November<\/strong>, with consumer goods seeing the slowest rise in prices since early 2016, according to HSBC MENA economist Razan Nasser. The slowdown also beat expectations of a rise in consumer prices during Ramadan. <a href=\"https:\/\/alborsanews.com\/2017\/07\/10\/1036307\">Pharos Holding\u2019s Radwa El Sweify said<\/a> that inflation in food, which has made up a marginal 0.3% of the inflation growth, usually rises in the months preceding Ramadan. She noted that the uptick in prices was more prominent on clothes and other items that have more to do with Eid.<\/p>\n<p><strong>Do not expect such results next month:<\/strong> Following the fuel price hikes late last month and the electricity price hikes last week, analysts are unanimous in expecting that the slowdown in inflation rates will not continue next month. The government had expected these measures will raise inflation rates 3-4.5%. \"Invariably, most goods and services are impacted by energy costs ... be it in the form of energy input, transportation, feed stock,\u201d Allen Sandeep, head of research at Naeem Brokerage<a href=\"http:\/\/www.reuters.com\/article\/us-egypt-economy-inflation-idUSKBN19V1I7\">tells Reuters<\/a>. He expects headline inflation should rise above 35% starting in July. However, some of this could get offset if the EGP continues to strengthen.<\/p>\n<p><strong>Capital Economics takes a more optimistic note<\/strong>, arguing that the effects of the price hikes would not have as large an impact as expected, considering similar moves were taken last year to minimal impact. Capital Economics expects the resulting inflation to only climb 1.5%. BNP Paribas\u2019 Pascal Devaux suggests that there are limited tools the government can take to stave off this inflation. He projects the fiscal year will end with an inflation reaching 25%.<\/p>\n<p><strong>Government much more optimistic on impact of fuel hikes:<\/strong> Egypt expects the monthly inflation rate to stabilize within four months at 1-1.25%, Finance Minister Amr El Garhy <a href=\"http:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1K10WA\">told Reuters on Monday<\/a>. Vice Minister of Finance Mohamed Maait took it a step further and said that he expects the inflation rate to begin dropping again by August, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1160503\">according to Al Masry Al Youm<\/a>. <a href=\"https:\/\/alborsanews.com\/2017\/07\/10\/1036493\">El Garhy tells Al Borsa<\/a> that inflation is expected to drop to 16% by 4Q18. The CBE had said it was targeting lowering inflation to 13% by the end of next year.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645075\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645076\" 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=\"645076\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/from-wooden-stamps-to-sterile-machines-the-evolution-of-the-christian-tattoo\/\">\r\n                            From wooden stamps to sterile machines: The evolution of the Christian tattoo                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/from-wooden-stamps-to-sterile-machines-the-evolution-of-the-christian-tattoo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/from-wooden-stamps-to-sterile-machines-the-evolution-of-the-christian-tattoo\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/from-wooden-stamps-to-sterile-machines-the-evolution-of-the-christian-tattoo\/\">\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=From wooden stamps to sterile machines: The evolution of the Christian tattoo&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/from-wooden-stamps-to-sterile-machines-the-evolution-of-the-christian-tattoo\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/from-wooden-stamps-to-sterile-machines-the-evolution-of-the-christian-tattoo\/&title=From wooden stamps to sterile machines: The evolution of the Christian tattoo\">\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=From+wooden+stamps+to+sterile+machines%3A+The+evolution+of+the+Christian+tattoo+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Ffrom-wooden-stamps-to-sterile-machines-the-evolution-of-the-christian-tattoo%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/from-wooden-stamps-to-sterile-machines-the-evolution-of-the-christian-tattoo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/7\/330.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"645077\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/from-wooden-stamps-to-sterile-machines-the-evolution-of-the-christian-tattoo\/330-jpg-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/7\/330.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"330.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/7\/330.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/7\/330.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645076\" class=\"content-area-description single-story post-645076 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>From wooden stamps to sterile machines: The evolution of the Christian tattoo<\/strong>: An Egyptian Coptic Christian family is carrying on the 700-year tradition of Christian tattoos at a tattoo parlor in Jerusalem, <a href=\"http:\/\/www.catholicnewsagency.com\/news\/holy-tattoo-a-700-year-old-christian-tradition-thrives-in-jerusalem-68723\/\">according to Catholic News Agency<\/a>. \u201cFor the past 500 years, we\u2019ve been tattooing pilgrims in the Holy Land, and it\u2019s been passed down from father to son,\u201d says 43-year-old Wassim Razzouk of his family, which boasts a long line of Christian tattoo artists. The tattoo parlor \u2014 Razzouk Ink \u2014 now uses sterile tattoo machines that differ greatly from the historic practice of using wooden stamps with homemade ink, like the one pictured above.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645078\" 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=\"645078\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/security-forces-shootout-with-six-militants-in-assiut-tops-egypts-international-press-coverage\/\">\r\n                            Security forces\u2019 shootout with six militants in Assiut tops Egypt\u2019s international press coverage                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/security-forces-shootout-with-six-militants-in-assiut-tops-egypts-international-press-coverage\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/security-forces-shootout-with-six-militants-in-assiut-tops-egypts-international-press-coverage\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/security-forces-shootout-with-six-militants-in-assiut-tops-egypts-international-press-coverage\/\">\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=Security forces\u2019 shootout with six militants in Assiut tops Egypt\u2019s international press coverage&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/security-forces-shootout-with-six-militants-in-assiut-tops-egypts-international-press-coverage\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/security-forces-shootout-with-six-militants-in-assiut-tops-egypts-international-press-coverage\/&title=Security forces\u2019 shootout with six militants in Assiut tops Egypt\u2019s international press coverage\">\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=Security+forces%E2%80%99+shootout+with+six+militants+in+Assiut+tops+Egypt%E2%80%99s+international+press+coverage+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fsecurity-forces-shootout-with-six-militants-in-assiut-tops-egypts-international-press-coverage%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/security-forces-shootout-with-six-militants-in-assiut-tops-egypts-international-press-coverage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645078\" class=\"content-area-description single-story post-645078 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping coverage of Egypt in the foreign press this morning is wire coverage of security forces killing six suspected militants <\/strong>during a security raid and shootout in Assiut. The Interior Ministry said security forces raided an apartment being used as \u201can organizational base\u201d for terror operations, but did not clarify when the shootout took place, <a href=\"http:\/\/www.reuters.com\/article\/us-egypt-seucrity-idUSKBN19V1OC\">Reuters reports<\/a>. The raid comes days after <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/09\/terrorist-kill-and-injure-26-soldiers-army-kills-40-militants\/\">Daesh claimed twin bombings<\/a> at two military checkpoints in Rafah that killed at least 23 soldiers, in what was one of the worst attacks against the country\u2019s security forces.<\/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-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645081\" 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=\"645081\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/is-egypt-on-the-verge-of-a-housing-bubble-collapse\/\">\r\n                            Is Egypt on the verge of a housing bubble collapse?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/is-egypt-on-the-verge-of-a-housing-bubble-collapse\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/is-egypt-on-the-verge-of-a-housing-bubble-collapse\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/is-egypt-on-the-verge-of-a-housing-bubble-collapse\/\">\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=Is Egypt on the verge of a housing bubble collapse?&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/is-egypt-on-the-verge-of-a-housing-bubble-collapse\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/is-egypt-on-the-verge-of-a-housing-bubble-collapse\/&title=Is Egypt on the verge of a housing bubble collapse?\">\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=Is+Egypt+on+the+verge+of+a+housing+bubble+collapse%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fis-egypt-on-the-verge-of-a-housing-bubble-collapse%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/is-egypt-on-the-verge-of-a-housing-bubble-collapse\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/7\/731.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"645082\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/is-egypt-on-the-verge-of-a-housing-bubble-collapse\/731-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/7\/731.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"731.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/7\/731.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/7\/731.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645081\" class=\"content-area-description single-story post-645081 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Is Egypt on the verge of a housing bubble collapse?<\/strong> Egypt currently isn\u2019t experiencing a housing bubble at all, since bubbles are created when debt levels are high in the real estate financing system, SODIC Managing Director Magued Sherif tells CBC\u2019s Lamees Al Hadidi during a televised debate over the country\u2019s real estate sector. Sherif points out that mortgage finance is not a particularly popular concept in Egypt, meaning there is limited space for a bubble to emerge. The head of the Federation of Egyptian Industries\u2019 real estate developers division Tarek Shoukry concurred that mortgage finance is underdeveloped here in Egypt, and said he hopes to see the Central Bank of Egypt\u2019s mortgage finance initiative expanding to accommodate middle-income earners. These middle-class citizens will likely be forced to downsize their real estate purchases and settle on smaller units than prior thanks to the EGP float in November, Al Ahly for Real Estate Development CEO Hussein Sabbour maintains. He added that the sector\u2019s skyrocketing prices has led some to perceive it as a precursor to a housing bubble. You can <a href=\"https:\/\/www.youtube.com\/watch?v=xrKMqXmyMUU&feature=youtu.be\"><strong>watch the debate in full here<\/strong><\/a> (runtime 31:08).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645083\" 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=\"645083\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-usaid-discussing-usd-104-mn-funding\/\">\r\n                            Egypt, USAID discussing USD 104 mn funding                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-usaid-discussing-usd-104-mn-funding\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-usaid-discussing-usd-104-mn-funding\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-usaid-discussing-usd-104-mn-funding\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt, USAID discussing USD 104 mn funding&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-usaid-discussing-usd-104-mn-funding\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-usaid-discussing-usd-104-mn-funding\/&title=Egypt, USAID discussing USD 104 mn funding\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%2C+USAID+discussing+USD+104+mn+funding+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fegypt-usaid-discussing-usd-104-mn-funding%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-usaid-discussing-usd-104-mn-funding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645083\" class=\"content-area-description single-story post-645083 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt and the US Agency for International Development (USAID) are in talks for USD 104 mn in funding<\/strong>, according to an <a href=\"http:\/\/moic.gov.eg\/Front\/Media\/NewsDetail.aspx?MedId=8235\">Investment and International Cooperation Ministry statement<\/a>. The funding would be directed towards investments, science and technology, higher education, agriculture, basic education, health, and water and sanitation. Minister Sahar Nasr met with USAID Mission Director to Egypt Sherry Carlin yesterday to discuss cooperation in anti-corruption measures and in technical education, according to the statement. Carlin said the US administration is keen to expand its funding programs in Egypt.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645085\" 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=\"645085\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/transport-ministry-eni-begin-establishing-logistics-station-at-damietta-port\/\">\r\n                            Transport Ministry, Eni begin establishing logistics station at Damietta Port                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/transport-ministry-eni-begin-establishing-logistics-station-at-damietta-port\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/transport-ministry-eni-begin-establishing-logistics-station-at-damietta-port\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/transport-ministry-eni-begin-establishing-logistics-station-at-damietta-port\/\">\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=Transport Ministry, Eni begin establishing logistics station at Damietta Port&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/transport-ministry-eni-begin-establishing-logistics-station-at-damietta-port\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/transport-ministry-eni-begin-establishing-logistics-station-at-damietta-port\/&title=Transport Ministry, Eni begin establishing logistics station at Damietta Port\">\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=Transport+Ministry%2C+Eni+begin+establishing+logistics+station+at+Damietta+Port+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Ftransport-ministry-eni-begin-establishing-logistics-station-at-damietta-port%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/transport-ministry-eni-begin-establishing-logistics-station-at-damietta-port\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645085\" class=\"content-area-description single-story post-645085 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Transport Ministry and Eni began working on establishing a logistics center and storage areas at the Damietta Port, port chairman Ayman Saleh says, according to <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1160455%20\">Al Masry Al Youm<\/a>. The new facilities will serve the <a href=\"https:\/\/enterprise.press\/stories\/2016\/12\/19\/eni-agrees-with-government-to-export-part-of-zohr-field-production-via-damietta-processing-plant\/\">ground pipeline<\/a> set to connect the Zohr gas fields to the port\u2019s processing plant, from which gas will be exported. The project is part of a EGP 10 bn investment plan to develop the Damietta Port. There was no word on when the project will be completed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645089\" 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=\"645089\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-imports-5-580-mn-tonnes-of-wheat-during-2016-2017\/\">\r\n                            Egypt imports 5.580 mn tonnes of wheat during 2016-2017                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-imports-5-580-mn-tonnes-of-wheat-during-2016-2017\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-imports-5-580-mn-tonnes-of-wheat-during-2016-2017\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-imports-5-580-mn-tonnes-of-wheat-during-2016-2017\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt imports 5.580 mn tonnes of wheat during 2016-2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-imports-5-580-mn-tonnes-of-wheat-during-2016-2017\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-imports-5-580-mn-tonnes-of-wheat-during-2016-2017\/&title=Egypt imports 5.580 mn tonnes of wheat during 2016-2017\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+imports+5.580+mn+tonnes+of+wheat+during+2016-2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fegypt-imports-5-580-mn-tonnes-of-wheat-during-2016-2017%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egypt-imports-5-580-mn-tonnes-of-wheat-during-2016-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645089\" class=\"content-area-description single-story post-645089 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt imported 5.580 mn tonnes of wheat during 2016-2017, up from 4.440 mn tonnes the previous year, Supply Ministry spokesman Mamdouh Ramadan said, <a href=\"http:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN19V0G2\">according to Reuters<\/a>. The ministry is planning to import 6.2 mn tonnes in 2017-2018, in addition to the 3.4 mn tonnes it purchased from local farmers during the domestic wheat purchase season. Egypt uses around 9.5 mn tonnes of wheat each year for subsidized bread production, the newswire notes.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645091\" 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=\"645091\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/passenger-car-imports-drop-53-4-y-o-y-during-1q17\/\">\r\n                            Passenger car imports drop 53.4% y-o-y during 1Q17                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/passenger-car-imports-drop-53-4-y-o-y-during-1q17\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/passenger-car-imports-drop-53-4-y-o-y-during-1q17\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/passenger-car-imports-drop-53-4-y-o-y-during-1q17\/\">\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=Passenger car imports drop 53.4% y-o-y during 1Q17&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/passenger-car-imports-drop-53-4-y-o-y-during-1q17\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/passenger-car-imports-drop-53-4-y-o-y-during-1q17\/&title=Passenger car imports drop 53.4% y-o-y during 1Q17\">\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=Passenger+car+imports+drop+53.4%25+y-o-y+during+1Q17+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fpassenger-car-imports-drop-53-4-y-o-y-during-1q17%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/passenger-car-imports-drop-53-4-y-o-y-during-1q17\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645091\" class=\"content-area-description single-story post-645091 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>In case you needed any more evidence the auto market is in a rut, passenger car imports declined 53.4% year-on-year in spending terms to USD 329.2 mn in 1Q2017, down from USD 707.8 mn during the same period last year, according to CAPMAS statistics <a href=\"http:\/\/www.almalnews.com\/Story\/339561\/18\/%D8%A7%D9%84%D8%A5%D8%AD%D8%B5%D8%A7%D8%A1-53-4%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9-%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9%D9%8B%D8%A7-%D8%A8%D9%88%D8%A7%D8%B1%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AE%D9%84%D8%A7%D9%84-3-%D8%A3%D8%B4%D9%87%D8%B1\">picked up by Al Mal<\/a>. Imports of car components also declined 26% y-o-y to USD 219.7K, while car part exports earned around USD 104 mn for the period. Passenger car exports during the quarter reeled in a measly USD 30 mn.<\/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\/automotive-transportation\/\">Automotive + Transportation<\/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=\"645092\" 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=\"645092\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/\">\r\n                            ICON management makes mandatory offer to acquire company                        <\/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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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=ICON+management+makes+mandatory+offer+to+acquire+company+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Ficon-management-makes-mandatory-offer-to-acquire-company%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645092\" class=\"content-area-description single-story post-645092 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Industrial Engineering Company for Construction and Development\u2019s (ICON) management, headed by chairman Arafat Mohamed Maged appears to have made a mandatory tender offer to acquire the remaining 46.7% shares of the company and has sent the Egyptian Financial Supervisory Authority (EFSA) the offer for approval, the company said in <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/204963_1.pdf\">a bourse filing<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645093\" 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=\"645093\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/kuwaits-wataniya-airways-set-to-resume-operations-today-will-offer-flights-to-egypt-soon\/\">\r\n                            Kuwait\u2019s Wataniya Airways set to resume operations today, will offer flights to Egypt soon                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/kuwaits-wataniya-airways-set-to-resume-operations-today-will-offer-flights-to-egypt-soon\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/kuwaits-wataniya-airways-set-to-resume-operations-today-will-offer-flights-to-egypt-soon\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/kuwaits-wataniya-airways-set-to-resume-operations-today-will-offer-flights-to-egypt-soon\/\">\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=Kuwait\u2019s Wataniya Airways set to resume operations today, will offer flights to Egypt soon&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/kuwaits-wataniya-airways-set-to-resume-operations-today-will-offer-flights-to-egypt-soon\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/kuwaits-wataniya-airways-set-to-resume-operations-today-will-offer-flights-to-egypt-soon\/&title=Kuwait\u2019s Wataniya Airways set to resume operations today, will offer flights to Egypt soon\">\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=Kuwait%E2%80%99s+Wataniya+Airways+set+to+resume+operations+today%2C+will+offer+flights+to+Egypt+soon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fkuwaits-wataniya-airways-set-to-resume-operations-today-will-offer-flights-to-egypt-soon%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/kuwaits-wataniya-airways-set-to-resume-operations-today-will-offer-flights-to-egypt-soon\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645093\" class=\"content-area-description single-story post-645093 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Kuwait\u2019s Wataniya Airways is set to resume operations today after a one-year hiatus, with its first flight heading to the Georgian capital city of Tbilisi, <a href=\"http:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=2623094&language=en\">Kuwait News Agency reports<\/a>. The airline, one of Kuwait\u2019s three national carriers, will offer flights to 16 countries, including Egypt, during its first phase of operation.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645094\" 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=\"645094\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/agriculture-ministry-working-on-new-penalties-for-violators-of-pesticides-regulations\/\">\r\n                            Agriculture Ministry working on new penalties for violators of pesticides regulations                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/agriculture-ministry-working-on-new-penalties-for-violators-of-pesticides-regulations\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/agriculture-ministry-working-on-new-penalties-for-violators-of-pesticides-regulations\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/agriculture-ministry-working-on-new-penalties-for-violators-of-pesticides-regulations\/\">\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=Agriculture Ministry working on new penalties for violators of pesticides regulations&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/agriculture-ministry-working-on-new-penalties-for-violators-of-pesticides-regulations\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/agriculture-ministry-working-on-new-penalties-for-violators-of-pesticides-regulations\/&title=Agriculture Ministry working on new penalties for violators of pesticides regulations\">\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=Agriculture+Ministry+working+on+new+penalties+for+violators+of+pesticides+regulations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fagriculture-ministry-working-on-new-penalties-for-violators-of-pesticides-regulations%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/agriculture-ministry-working-on-new-penalties-for-violators-of-pesticides-regulations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645094\" class=\"content-area-description single-story post-645094 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-legislation-policy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Agriculture Ministry is drafting legislation that would regulate pesticide usage in agriculture and set stricter punishments for the use of unsanctioned pesticides, Agriculture Minister Abdel Moneim El Banna said on Monday, <a href=\"http:\/\/www.almalnews.com\/Story\/339515\/14\/--%D8%AA%D8%BA%D9%84%D9%8A%D8%B8-%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%A8%D8%A9-%D8%B9%D9%84%D9%89-%D9%85%D8%AE%D8%A7%D9%84%D9%81%D9%8A-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%A5%D8%AA%D8%AC%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%A8%D9%8A%D8%AF%D8%A7%D8%AA\">according to Al Mal<\/a>. The move is meant to address health concerns, El Banna added. The overuse of pesticides in Egypt\u2019s agriculture produce has been an issue of <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/10\/saudi-ban-on-egyptian-strawberries-came-into-effect-on-saturday\/\">growing concern<\/a>, especially after a number of Arab countries banned Egyptian agricultural exports. Saudi Arabia had banned Egyptian strawberries last month, saying they contained alarming levels of pesticides, to which Egypt had responded by saying it would impose international quality standards on future agricultural exports to avoid similar incidents.<\/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\/legislation-policy\/\">Legislation + Policy<\/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=\"645096\" 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=\"645096\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egyptian-french-navies-conducting-military-exercise\/\">\r\n                            Egyptian, French navies conducting military exercise                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egyptian-french-navies-conducting-military-exercise\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egyptian-french-navies-conducting-military-exercise\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egyptian-french-navies-conducting-military-exercise\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian, French navies conducting military exercise&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egyptian-french-navies-conducting-military-exercise\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egyptian-french-navies-conducting-military-exercise\/&title=Egyptian, French navies conducting military exercise\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian%2C+French+navies+conducting+military+exercise+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fegyptian-french-navies-conducting-military-exercise%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/egyptian-french-navies-conducting-military-exercise\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645096\" class=\"content-area-description single-story post-645096 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egyptian and French navy forces are conducting a joint military training under the name \u201cCleopatra 2017\u201d in Egypt\u2019s Mediterranean and Red Sea waters, according to a <a href=\"http:\/\/www.mod.gov.eg\/mod\/NewsDetails.aspx?id=29819\">statement from the Armed Forces<\/a>. France and Egypt\u2019s Mistral helicopter carriers, as well as a number of frigates, rocket launchers, and Egyptian F-16 helicopters, will be used in the exercises.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645098\" 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=\"645098\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/environment-ministry-releases-40-sea-turtles-into-the-mediterranean-to-reduce-jellyfish-population\/\">\r\n                            Environment Ministry releases 40 sea turtles into the Mediterranean to reduce jellyfish population                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/environment-ministry-releases-40-sea-turtles-into-the-mediterranean-to-reduce-jellyfish-population\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/environment-ministry-releases-40-sea-turtles-into-the-mediterranean-to-reduce-jellyfish-population\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/environment-ministry-releases-40-sea-turtles-into-the-mediterranean-to-reduce-jellyfish-population\/\">\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=Environment Ministry releases 40 sea turtles into the Mediterranean to reduce jellyfish population&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/environment-ministry-releases-40-sea-turtles-into-the-mediterranean-to-reduce-jellyfish-population\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/environment-ministry-releases-40-sea-turtles-into-the-mediterranean-to-reduce-jellyfish-population\/&title=Environment Ministry releases 40 sea turtles into the Mediterranean to reduce jellyfish population\">\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=Environment+Ministry+releases+40+sea+turtles+into+the+Mediterranean+to+reduce+jellyfish+population+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fenvironment-ministry-releases-40-sea-turtles-into-the-mediterranean-to-reduce-jellyfish-population%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/environment-ministry-releases-40-sea-turtles-into-the-mediterranean-to-reduce-jellyfish-population\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645098\" class=\"content-area-description single-story post-645098 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Environment Ministry has released 40 sea turtles, which prey on jellyfish, into the Mediterranean Sea to counteract the recent rise in the number of jellyfish<\/strong>, head of the ministry\u2019s North District Protectorates division Mohamed El Essawi said, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=10072017&id=da0048a2-1b0c-49d2-b7e8-c186f7c81304\">Al Shorouk reports<\/a>. Some experts have said that the increase in jellyfish is due to the overfishing of sea turtles, which disturbed the marine ecosystem. El Essawi said the ministry has recorded 7,000 jellyfish washing up on the shores of the North Coast, Alexandria, and Baltim since 28 June, with the North Coast accounting for the lion\u2019s share, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1160467\">according to Al Masry Al Youm<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645100\" 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=\"645100\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MARKETS YESTERDAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/by-the-numbers-12\/\">\r\n                            BY THE NUMBERS                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/by-the-numbers-12\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/by-the-numbers-12\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/by-the-numbers-12\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=BY THE NUMBERS&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/by-the-numbers-12\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/by-the-numbers-12\/&title=BY THE NUMBERS\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=BY+THE+NUMBERS+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F07%2F11%2Fby-the-numbers-12%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/by-the-numbers-12\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645100\" class=\"content-area-description single-story post-645100 post type-post status-publish format-standard hentry category-the-markets-yesterday tag-enterpriseam tag-the-markets-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t\n<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 17.8362 | Sell 17.9368<\/p>\n<p><strong>EGP \/ USD at CIB:<\/strong> Buy 17.85 | Sell 17.95<\/p>\n<p><strong>EGP \/ USD at NBE: <\/strong>Buy 17.82 | Sell 17.92<\/p>\n<p><strong>EGX30<\/strong> (Monday): 13,483 (+1.1%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.1 bn (32% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +9.2%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session up 1.1%. CIB, the index heaviest constituent ended up 1.7%. EGX30\u2019s top performing constituents were: Qalaa Holdings up 7.8%, Orascom Telecom Media & Technology up 3.0%, and Sidi Kerir Petrochemicals up 2.5%. Yesterday\u2019s worst performing stocks were: Cairo Oils & Soap down 6.6%, Porto Group down 2.9%, and Arabian Cement down 0.8%. The market turnover was EGP 1.1 bn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -46.4 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +42.1 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +4.3 mn<\/p>\n<p><strong>Retail<\/strong>: 62.9% of total trades | 63.9% of buyers | 61.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 37.1% of total trades | 36.1% of buyers | 38.1% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 15.2% of total | 13.0% of buyers | 17.3% of sellers<br \/>\n <strong>Regional:<\/strong> 14.7% of total | 16.7% of buyers | 12.8% of sellers<br \/>\n <strong>Domestic:<\/strong> 70.1% of total | 70.3% of buyers | 69.9% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 44.51 (+0.25%)<br \/>\n <strong>Brent:<\/strong> USD 46.97 (+0.56%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.92 MMBtu, (-0.17%, August 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,213.60 \/ troy ounce (+0.03%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 7,236.94 (+0.98%) (YTD: +0.37%)<br \/>\n <strong>ADX:<\/strong> 4,397.96 (-0.28%) (YTD: -3.26%)<br \/>\n <strong>DFM:<\/strong> 3,417.94 (+0.45%) (YTD: -3.20%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 400.81 (+0.41%) (YTD: +5.45%)<br \/>\n <strong>QE:<\/strong> 8,995.12 (+1.02%) (YTD: -13.81%)<br \/>\n <strong>MSM:<\/strong> 5,158.83 (+0.47%) (YTD: -10.79%)<br \/>\n <strong>BB: <\/strong>1,308.25 (-0.14%) (YTD: +7.19%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-markets-yesterday\/\">The markets yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"645101\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/645101\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-645101\" class=\"content-area-description single-story post-645101 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>13-15 July (Thursday-Saturday): <a href=\"http:\/\/www.agrena.net\/\">AGRENA<\/a>\u2019s 19<sup>th<\/sup> Annual Poultry, Livestock, and Fish show, Cairo International Convention Center, Cairo.<\/p>\n<p>15-19 July (Saturday-Wednesday): <a href=\"http:\/\/www.geomeast2017.org\/\">SSIGE\u2019s GeoMEast 2017 International Congress and Exhibition<\/a>, Sharm El Sheikh.<\/p>\n<p>23 July (Sunday): Revolution Day, national holiday.<\/p>\n<p>03-05 August (Thursday-Saturday): <a href=\"http:\/\/www.watrexexpo.com\/site\/\">Watrex Expo<\/a> Middle East, Cairo International Exhibition & Convention Center.<\/p>\n<p>17 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee to review policy rates.<\/p>\n<p>26 August (Saturday): 27th <a href=\"http:\/\/www.moic.gov.eg\/Front\/Media\/NewsDetail.aspx?MedId=8121\">Egyptian-Jordanian Joint Higher Committee<\/a> meeting, Amman Jordan. (TBC).<\/p>\n<p>02-05 September (Saturday-Tuesday): Eid Al-Adha, national holiday (TBC).<\/p>\n<p>13 September (Wednesday): <a href=\"http:\/\/www.eib.org\/infocentre\/events\/all\/med-conference-2017.htm\">EIB MED Conference<\/a>: Boosting investments in the Mediterranean Region, Cairo.<\/p>\n<p>13-16 September (Wednesday-Saturday): <a href=\"http:\/\/cairofashiontex.com\/\">Cairo Fashion & Tex exhibition<\/a>, Cairo International Conference Center<\/p>\n<p>17-19 September (Sunday-Tuesday): Pipeline-Pipe-Sewer-Technology <a href=\"https:\/\/www.pipelinepipesewer.com\/\">Conference & Exhibition<\/a>, Intercontinental Citystars Hotel, Cairo.<\/p>\n<p>18-19 September (Monday-Tuesday): <a href=\"http:\/\/www.euromoneyconferences.com\/egypt.html?PageID=206706&SeriesID=11\">Euromoney Egypt conference<\/a>, venue TBD.<\/p>\n<p>20-23 September (Wednesday-Saturday): 2017 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>22 September (Friday): Islamic New Year, national holiday (TBC).<\/p>\n<p>25-27 September (Monday-Wednesday): <a href=\"http:\/\/egypt.wraconferences.com\/\">Egypt Downstream Summit and Exhibition<\/a>, Kempinski Royal Maxim Palace, Cairo.<\/p>\n<p>23-25 September (Saturday-Monday): <a href=\"http:\/\/investinafrica2017.com\/4.html\">Invest In Africa Conference and Exhibitors Summit<\/a>, Gala Theater Complex, Cairo.<\/p>\n<p>28 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee to review policy rates.<\/p>\n<p>03-05 October (Tuesday-Thursday): J.P. Morgan\u2019s <a href=\"https:\/\/www.jpmorgan.com\/country\/US\/EN\/detail\/1395980361643\">Credit and Equities Emerging Markets Conference<\/a>, London, UK.<\/p>\n<p>18-19 October (Wednesday-Thursday): <a href=\"http:\/\/eventful.com\/cairo\/events\/middle-east-info-security-summit-\/E0-001-084065592-6\">Middle East Info Security Summit<\/a>, Sofitel El Gezirah, Cairo.<\/p>\n<p>06 October (Friday): Armed Forces Day, national holiday.<\/p>\n<p>11-12 October (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/en-us\/\">2030 Mega Projects Conference<\/a>, Nefertiti Hall, Cairo International Convention Center, Cairo.<\/p>\n<p>11-13 October (Wednesday-Friday): <a href=\"http:\/\/www.marailshow.com\/en-us\/\">Middle East and Africa Rail Show<\/a>, Cairo International Convention Center, Cairo.<\/p>\n<p>18-20 October (Wednesday-Friday): AfriLabs <a href=\"http:\/\/afrilabs-gathering.com\/about-us-3\/\">annual gathering<\/a> with the theme \u201cSmart Cities,\u201d The French University, Cairo. <a href=\"http:\/\/afrilabs-gathering.com\/registration\/\">Register here<\/a>.<\/p>\n<p>16 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee to review policy rates.<\/p>\n<p>01 December (Friday): Prophet\u2019s Birthday, national holiday.<\/p>\n<p>03-05 December (Sunday-Tuesday): <a href=\"https:\/\/www.solartecegypt.com\/en\/home.html\">Solar-Tec<\/a>, Cairo International Exhibition & Convention Centre.<\/p>\n<p>03-05 December (Sunday-Tuesday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html\">Electrix<\/a>, Cairo International Exhibition & Convention Centre.<\/p>\n<p>08-10 December (Friday-Sunday): RiseUp Summit, Downtown Cairo.<\/p>\n<p>28 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee to review policy rates.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":645056,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-645055","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b5a8f809-0752-4c8a-95df-baaa1f07fe69","teaser":"","photo_url":"https:\/\/ent.news\/2017\/7\/243.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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