{"id":646483,"date":"2017-06-15T03:59:20","date_gmt":"2017-06-15T03:59:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=646483"},"modified":"2025-12-17T20:24:18","modified_gmt":"2025-12-17T20:24:18","slug":"cbe-scraps-caps-on-bank-transfers-abroadplus-good-news-from-friends-amid-a-ramadan-induced-food-coma","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/cbe-scraps-caps-on-bank-transfers-abroadplus-good-news-from-friends-amid-a-ramadan-induced-food-coma\/","title":{"rendered":"CBE scraps caps on bank transfers abroad\r\nPlus: good news from friends amid a Ramadan-induced food coma"},"content":{"rendered":"<section id=\"646485\" 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=\"646485\">\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\/06\/15\/what-were-tracking-on-16-june-2017\/\">\r\n                            What we\u2019re tracking on 16 June 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\/06\/15\/what-were-tracking-on-16-june-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\/06\/15\/what-were-tracking-on-16-june-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\/06\/15\/what-were-tracking-on-16-june-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=What we\u2019re tracking on 16 June 2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/what-were-tracking-on-16-june-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\/06\/15\/what-were-tracking-on-16-june-2017\/&title=What we\u2019re tracking on 16 June 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=What+we%E2%80%99re+tracking+on+16+June+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fwhat-were-tracking-on-16-june-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\/06\/15\/what-were-tracking-on-16-june-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646485\" class=\"content-area-description single-story post-646485 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>We\u2019re nursing carbohydrate-induced hangovers this morning<\/strong> after the rare pleasure of an outstanding corporate iftar (<a href=\"http:\/\/ovio.eu\/\">thank you, Ovio<\/a>, and your ridiculously good Turkish menu) followed by our first sohour with friends in approximately 1 bn years. So forgive us if we try to keep it somewhat brief this morning.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> Speaking of friends: It\u2019s an equally rare pleasure to note the accomplishments of folks we both like and respect:<\/p><p>First: <strong>Our friends at Al Masry Al Youm are celebrating 13 years as pioneers of the <\/strong><strong>independent Arabic-language press in Egypt.<\/strong> AMAY, which traces its spiritual roots to the seminal newspaper Al Jihad of the British occupation era, built itself from an upstart into a stalwart of the free press, granting it the space to act as a \u201cresponsible voice of opposition\u201d at a time when opposition is sorely lacking, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1148224\"><strong>founder Salah Diab<\/strong> says in an interview<\/a> marking the occasion. (Diab, a noted member of the business community, is the grandson of Al Jihad founder Tawfik Diab.) In addition to <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1148397\">looking back at its history<\/a> since its launch in June 2004, AMAY takes the time to <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1148360\">look ahead to its future plans<\/a>, which include introducing more analytical content and expanding into the digital space. AMAY also marked its 13th birthday with <strong>interviews with <\/strong><a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1148266\"><strong>Culture Minister Helmy El Namnam<\/strong><\/a><strong>, and <\/strong><a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1148227\"><strong>Naguib Sawiris<\/strong><\/a>, both of whom lauded the newspaper as a turning point in the country\u2019s media landscape and journalistic history. Coinciding with the anniversary, the head of the newspaper\u2019s investigative department, Ahmed Shalaby, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1148939\">managed to clinch a top prize<\/a> at the EU\u2019s 2017 Migration Media Award for his work on an investigative piece on illegal migration to Europe.<\/p><p>Second, we note that the good folks at <strong>EFG Hermes ranked second out of 33 global and <\/strong><strong>regional research houses in this year\u2019s Extel survey for MENA<\/strong> while maintaining its position as the top research house in the MENA region. Three team members ranked in the top ten in a field of 183 ranked research analysts, including <strong>Hatem Alaa<\/strong> (consumer), <strong>Elena Sanchez<\/strong> (financials) and <strong>Mohamed Abou Basha<\/strong> (macro strategy). Ahmed Shams El Din, head of research at EFG Hermes, tells us that the emphasis for the firm going forward will be to keep the quality of its regional research product high while \u201cramping up our frontier markets coverage, where we plan to initiate coverage of more than 150 companies in 15 new countries over the next nine months. We have hired a team of ten experienced frontier-based analysts (with more to come), have opened new offices in Karachi and are eying entry to Nairobi. Our aim is to offer insights and clarity in markets that are non-transparent.\u201d<\/p><p>Last, but not least: <strong>The team at Renaissance Capital were named the top frontier markets <\/strong><strong>brokerage firm in the 2017 Extel survey<\/strong>, marking the second year in the row the firm has held the ranking. RenCap took home a second-place finish in the Russian Economics and Macro category and was ranked seventh in the overall Leading Pan-Emerging Europe Brokerage Firms category. In the individual rankings, <strong>Charles Robertson<\/strong> was the top-ranked frontier markets analyst, while <strong>Yvonne Mhango<\/strong> was rated number three. <strong>Daniel Salter<\/strong> took home a fifth-place finish for Eurasia and <strong>Oleg Kouzmin<\/strong> was third in the Russian Economics and Macro category.<\/p><p><strong>More soothsaying on the \u201cimpending\u201d bust of EM debt, specifically Africa:<\/strong> Demand for African eurobonds, including Egypt\u2019s USD 7 bn bonds, has been growing, apparently regardless of political risk. But according to Standard Group, the boom days may be over. The bank is warning that investors need to shed some of their African exposure, as these markets may turn as the Federal Reserve raises rates, driving U.S. Treasury yields higher and reversing flows to risky assets, writes <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-14\/-battle-hardened-investors-may-need-to-go-easy-on-african-bonds\">Bloomberg\u2019s Paul Wallace<\/a>. \u201cThe bull market is living on borrowed time,\u201d Dmitry Shishkin, an analyst at Standard Bank in London said. Rand Merchant Bank joined the fray, stating that investors should be careful not to focus too much on yields at the expense of the risks in Africa.<\/p><p><strong>T<\/strong><strong>he doomsday talk came as the US Federal Reserve raised interest rates a quarter of a <\/strong><strong>percentage point yesterday<\/strong>, its second rate hike in three months. The Fed \u201csaid it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed-idUSKBN1952NA\">Reuters reports<\/a>.<\/p><p><strong>So, when do we eat?<\/strong> Maghrib prayers are at 6:58pm CLT in Cairo, and the cutoff time for sohour is 3:08am.<\/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=\"646487\" 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class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-uh4x3y9\" data-v=\"4\" data-block-id=\"uh4x3y9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-uh4x3y9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-uh4x3y9-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                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   <div class=\"index-number\">2<\/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\/06\/15\/on-the-horizon-205\/\">\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\/06\/15\/on-the-horizon-205\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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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\/06\/15\/on-the-horizon-205\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646488\" class=\"content-area-description single-story post-646488 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>The House general assembly will debate the FY2017-18 budget on 19-22 June <\/strong>now that its Budget Committee has concluded its review, Vice Minister of Finance Mohamed Maait said on Wednesday, <a href=\"https:\/\/alborsanews.com\/2017\/06\/14\/1032325\">according to Al Borsa<\/a>. The House must vote on the budget before the current fiscal year ends on 30 June. This last minute scramble to get the budget passed is something we are well accustomed to.<\/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=\"646489\" 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=\"646489\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/last-nights-talk-shows-on-15-june\/\">\r\n                            Last Night\u2019s Talk Shows on 15 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\/06\/15\/last-nights-talk-shows-on-15-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\/06\/15\/last-nights-talk-shows-on-15-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\/06\/15\/last-nights-talk-shows-on-15-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 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href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows+on+15+June+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Flast-nights-talk-shows-on-15-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\/06\/15\/last-nights-talk-shows-on-15-june\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646489\" class=\"content-area-description single-story post-646489 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>The airwaves had little of interest to offer last night,<\/strong> which is a good thing too, as we all smurfed out and still suffering our carbohydrate hangover.<\/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=\"646490\" 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=\"646490\">\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\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/cbe-lifts-restrictions-on-usd-bank-transfers-abroad\/\">\r\n                            CBE lifts restrictions on USD bank transfers abroad                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/cbe-lifts-restrictions-on-usd-bank-transfers-abroad\/\">\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=CBE lifts restrictions on USD bank transfers abroad&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/cbe-lifts-restrictions-on-usd-bank-transfers-abroad\/\">\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\/06\/15\/cbe-lifts-restrictions-on-usd-bank-transfers-abroad\/&title=CBE lifts restrictions on USD bank transfers abroad\">\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=CBE+lifts+restrictions+on+USD+bank+transfers+abroad+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fcbe-lifts-restrictions-on-usd-bank-transfers-abroad%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\/06\/15\/cbe-lifts-restrictions-on-usd-bank-transfers-abroad\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646490\" class=\"content-area-description single-story post-646490 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>The central bank has officially scrapped all caps placed on bank transfers <\/strong><strong>abroad. <\/strong><a href=\"http:\/\/www.cbe.org.eg\/Highlights%20Documents\/Circular%20dated%2014%20June%202017%20regarding%20lifting%20limits%20of%20foreign%20currency%20transfers.pdf\">The central bank instructed<\/a> that all restrictions on transfers to bank accounts abroad be removed starting from yesterday, but noted that banks must maintain their regular know-your-customer (KYC) protocols. Since January, the central bank had been imposing a cap of USD 100k per client on transfers after having loosened a restriction that only allowed one USD 100k transfer for each client regardless of the time period. The central bank says the move is to facilitate bank transactions and meet client demands. Governor Tarek Amer, who had promised <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/17\/what-were-tracking-on-17-may-2017\/\">last month<\/a> the caps would be removed, said the move marks the end to the FX crisis in Egypt, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1148747\">Al Masry Al Youm<\/a> reports. Banque Misr chairman <a href=\"http:\/\/www.youm7.com\/story\/2017\/6\/14\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A8%D9%86%D9%83-%D9%85%D8%B5%D8%B1-%D8%A8%D8%AF%D8%A3%D9%86%D8%A7-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%82%D8%B1%D8%A7%D8%B1-%D8%A5%D9%84%D8%BA%D8%A7%D8%A1-%D9%82%D9%8A%D9%88%D8%AF-%D8%AA%D8%AD%D9%88%D9%8A%D9%84\/3284182\">Mohamed El Etreby told Youm7<\/a> that his bank had lifted restrictions yesterday. The story is gaining heavy traction in the foreign press, with the <a href=\"https:\/\/www.ft.com\/content\/6d34827e-967a-356d-8f1f-a532f9a25128\">Financial Times<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-14\/egypt-lifts-limits-on-fx-transfers-as-dollar-shortage-eases\">Bloomberg<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/egypt-cenbank-transfers-idUSC6N1GF026\">Reuters<\/a> taking note.<\/p>\n<p><strong>The decision will have an impact on global depository receipts trading:<\/strong> The EGX and the Egyptian Financial Supervisory Authority is looking into regulatory changes governing trading of GDRs in line with the lifting of transfer restrictions, EGX chairman Mohamed Omran tells MENA News Agency, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1148864\">according to AMAY<\/a>. The new rules could do away with restrictions from 2012 and 2015, <a href=\"http:\/\/www.egx.com.eg\/downloads\/chairman_dec._131_for_2015_english.pdf\">which include requirements<\/a> that the proceeds from the sale of GDRs converted from EGX-listed shares be deposited in a CBE-approved bank and can only be withdrawn in the currency in which the original EGX shares were purchased.<\/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=\"646499\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"646500\" 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=\"646500\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/freediving-a-pathway-for-inner-peace\/\">\r\n                            Freediving, a pathway for inner peace                        <\/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\/06\/15\/freediving-a-pathway-for-inner-peace\/\" 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\/06\/15\/freediving-a-pathway-for-inner-peace\/')\">\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\/06\/15\/freediving-a-pathway-for-inner-peace\/\">\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=Freediving, a pathway for inner peace&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/freediving-a-pathway-for-inner-peace\/\">\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\/06\/15\/freediving-a-pathway-for-inner-peace\/&title=Freediving, a pathway for inner peace\">\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=Freediving%2C+a+pathway+for+inner+peace+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Ffreediving-a-pathway-for-inner-peace%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\/06\/15\/freediving-a-pathway-for-inner-peace\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/724.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"646501\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/freediving-a-pathway-for-inner-peace\/724-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/724.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"724.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/724.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/724.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646500\" class=\"content-area-description single-story post-646500 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>Humans can get over the urge to breathe underwater by relaxing and \u201c[embodying] the <\/strong><strong>energy that flows throughout the universe,\u201d<\/strong> according to a <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2017-06-14\/how-to-freedive-off-egypts-sinai-peninsula\">Bloomberg Pursuits<\/a> piece by Patrick Robert Scott. He writes about a Yoga for Freediving course he took in Dahab, a favorite diving spot, especially among Europeans. (Photo credit: Wendy Timmermans for Bloomberg Pursuits).<\/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=\"646502\" 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=\"646502\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/tiran-and-sanafir-agreement-leads-the-conversation-on-egypt-in-the-foreign-press\/\">\r\n                            Tiran and Sanafir agreement leads the conversation on Egypt in the foreign press                        <\/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\/06\/15\/tiran-and-sanafir-agreement-leads-the-conversation-on-egypt-in-the-foreign-press\/\" 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\/06\/15\/tiran-and-sanafir-agreement-leads-the-conversation-on-egypt-in-the-foreign-press\/')\">\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\/06\/15\/tiran-and-sanafir-agreement-leads-the-conversation-on-egypt-in-the-foreign-press\/\">\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=Tiran and Sanafir agreement leads the conversation on Egypt in the foreign press&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/tiran-and-sanafir-agreement-leads-the-conversation-on-egypt-in-the-foreign-press\/\">\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\/06\/15\/tiran-and-sanafir-agreement-leads-the-conversation-on-egypt-in-the-foreign-press\/&title=Tiran and Sanafir agreement leads the conversation on Egypt in the foreign press\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Tiran+and+Sanafir+agreement+leads+the+conversation+on+Egypt+in+the+foreign+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Ftiran-and-sanafir-agreement-leads-the-conversation-on-egypt-in-the-foreign-press%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/tiran-and-sanafir-agreement-leads-the-conversation-on-egypt-in-the-foreign-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646502\" class=\"content-area-description single-story post-646502 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>The House of Representatives\u2019 ratification of the Tiran and Sanafir handover treaty is <\/strong><strong>once again leading the conversation<\/strong> on Egypt in the foreign press this morning. The controversial pact, whose passage was announced \u201cabruptly\u201d by Parliamentary Speaker Ali Abdel Aal before discussions were concluded, could reignite rare protests in Egypt, Dahlia Kholaif writes for <a href=\"https:\/\/www.wsj.com\/articles\/egypt-parliament-cedes-islands-to-saudi-arabia-risking-backlash-1497465791\">the Wall Street Journal<\/a>. Security forces clashed with and arrested \u201cseveral dozen\u201d demonstrators who gathered outside the Press Syndicate on Tuesday evening to protest the agreement, <a href=\"http:\/\/www.thenational.ae\/world\/middle-east\/egypts-parliament-approves-deal-giving-red-sea-islands-to-saudi-arabia\">AFP and the AP report<\/a>.<\/p>\n<p>Meanwhile, <strong>the <\/strong><a href=\"https:\/\/www.ft.com\/content\/9aaf0e00-5113-11e7-bfb8-997009366969\"><strong>Financial Times\u2019 Heba Saleh<\/strong><\/a><strong> takes note of the government\u2019s website ban<\/strong> as part of the steps taken to prepare public opinion for parliament\u2019s vote on the handover of the islands and suppress critical voices.<\/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=\"646506\" 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=\"646506\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/chinas-investments-in-africa-are-a-testing-grounds-for-its-emergence-as-superpower\/\">\r\n                            China\u2019s investments in Africa are a testing grounds for its emergence as superpower                        <\/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\/06\/15\/chinas-investments-in-africa-are-a-testing-grounds-for-its-emergence-as-superpower\/\" 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\/06\/15\/chinas-investments-in-africa-are-a-testing-grounds-for-its-emergence-as-superpower\/')\">\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\/06\/15\/chinas-investments-in-africa-are-a-testing-grounds-for-its-emergence-as-superpower\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=China\u2019s investments in Africa are a testing grounds for its emergence as superpower&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/chinas-investments-in-africa-are-a-testing-grounds-for-its-emergence-as-superpower\/\">\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\/06\/15\/chinas-investments-in-africa-are-a-testing-grounds-for-its-emergence-as-superpower\/&title=China\u2019s investments in Africa are a testing grounds for its emergence as superpower\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=China%E2%80%99s+investments+in+Africa+are+a+testing+grounds+for+its+emergence+as+superpower+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fchinas-investments-in-africa-are-a-testing-grounds-for-its-emergence-as-superpower%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\/06\/15\/chinas-investments-in-africa-are-a-testing-grounds-for-its-emergence-as-superpower\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/1174.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"646507\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/chinas-investments-in-africa-are-a-testing-grounds-for-its-emergence-as-superpower\/1174-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/1174.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1174.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/1174.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/1174.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646506\" class=\"content-area-description single-story post-646506 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>China\u2019s investment spree has turned Africa into a testing ground for its emergence as <\/strong><strong>superpower<\/strong>, with the Chinese government taking the view that these investments would channel into geopolitical capital, <a href=\"https:\/\/www.ft.com\/content\/0f534aa4-4549-11e7-8519-9f94ee97d996\">writes David Pilling for the Financial Times<\/a>. While this is nothing new, Pilling\u2019s piece gets down to the nitty gritty of the investments and providing interesting numbers and graphs on their level of growth. One figure that caught our eye was that 1 mn Chinese entrepreneurs have made their way to the continent, and contributing to the 20-fold increase in investments to USD 220 bn from 2000-2014. <strong>Egypt has been the biggest beneficiary of this explosion of Chinese investments, with USD 24 bn in Chinese direct foreign investment <\/strong>coming in from 2003-2017, far outpacing second place holder Nigeria, which stands at USD 6-7 bn.<\/p>\n<p><strong>\u201cAfrica has been a workshop of ideas that now have a much bigger scale and strategic significance,\u201d<\/strong> says Howard French author of the book China\u2019s Second Continent. Two styles of economic cooperation and trade appear to be at play. The first is an aggressive move in resource extraction, as Chinese companies have made an effort to corner the market for cobalt, with multi-bn USD purchases of stakes in mines in Congo in recent month. The other takes a more subtle, state-led approach, such as development programs in resource-poor countries such as Ethiopia, and of course the Belt and Road Initiative. African nations on the whole appear to see China\u2019s involvement as a net positive, but the piece ends on a warning for African countries, calling on them to take control of their relationships and negotiate with China on its own terms.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"646508\" 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=\"646508\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/too-early-to-talk-about-reconciliation-with-qatar-egypt-fm-says\/\">\r\n                            Too early to talk about reconciliation with Qatar, Egypt FM says                        <\/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\/06\/15\/too-early-to-talk-about-reconciliation-with-qatar-egypt-fm-says\/\" 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\/06\/15\/too-early-to-talk-about-reconciliation-with-qatar-egypt-fm-says\/')\">\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\/06\/15\/too-early-to-talk-about-reconciliation-with-qatar-egypt-fm-says\/\">\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=Too early to talk about reconciliation with Qatar, Egypt FM says&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/too-early-to-talk-about-reconciliation-with-qatar-egypt-fm-says\/\">\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\/06\/15\/too-early-to-talk-about-reconciliation-with-qatar-egypt-fm-says\/&title=Too early to talk about reconciliation with Qatar, Egypt FM says\">\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=Too+early+to+talk+about+reconciliation+with+Qatar%2C+Egypt+FM+says+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Ftoo-early-to-talk-about-reconciliation-with-qatar-egypt-fm-says%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\/06\/15\/too-early-to-talk-about-reconciliation-with-qatar-egypt-fm-says\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646508\" class=\"content-area-description single-story post-646508 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>The time now is too early to talk about restoring ties with Qatar,<\/strong> Egyptian Foreign Minister Sameh Shoukry told the press on Wednesday, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1148833\">according to AMAY<\/a>. The ban on Qatar will continue until the country \u201cstops supporting terrorism,\u201d Shoukry added, explaining that Egypt, Bahrain, the UAE, and Saudi Arabia are in constant talks to try and contain any fallout from the rift. Resolution, however, will only come after Qatar agrees to implement <a href=\"http:\/\/gate.ahram.org.eg\/News\/1524468.aspx\">drastic changes<\/a> to its vision and policies.<\/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=\"646510\" 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=\"646510\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\">\r\n                            MIDOR seeks USD 1.2 bn facility to fund expansion plans                        <\/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\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\" 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\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/')\">\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\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\">\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=MIDOR seeks USD 1.2 bn facility to fund expansion plans&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\">\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\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/&title=MIDOR seeks USD 1.2 bn facility to fund expansion plans\">\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=MIDOR+seeks+USD+1.2+bn+facility+to+fund+expansion+plans+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fmidor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans%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\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646510\" class=\"content-area-description single-story post-646510 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>Middle East Oil Refinery (MIDOR) renewed its request for a USD 1.2 bn loan from a banking consortium including Italian bank Cassa Depositi e Prestiti (CDP), BNP Paribas and Cr\u00e9dit Agricole, a source tells <a href=\"http:\/\/www.almalnews.com\/Story\/337141\/12\/%D9%85%D9%8A%D8%AF%D9%88%D8%B1-%D8%AA%D8%AE%D8%A7%D8%B7%D8%A8-%D8%AA%D8%AD%D8%A7%D9%84%D9%81%D8%A7-%D9%85%D8%B5%D8%B1%D9%81%D9%8A%D8%A7-%D8%AF%D9%88%D9%84%D9%8A%D8%A7-%D9%84%D8%AA%D8%AC%D8%AF%D9%8A%D8%AF-%D8%B7%D9%84%D8%A8-%D8%AA%D8%AF%D8%A8%D9%8A%D8%B1-1-2-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\">Al Mal<\/a>. The loan is set to finance expansion plans for its refineries, as it wants to bring its <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/07\/midor-increase-refining-capacity-by-109-y-o-y-in-1q2017\/\">refining capacity up by 15% y-o-y in FY2017<\/a> to 39 mn bbl of refined crude. The facility is expected to be signed before year-end. A preliminary agreement had been signed last year. MIDOR then obtained a funding guarantee from the Italian Export Credit Agency.<\/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=\"646511\" 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=\"646511\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/kima-exports-up-by-130-by-end-of-may-since-the-start-of-fy-2016-17\/\">\r\n                            KIMA exports up by 130% by end of May since the start of FY 2016-17                        <\/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\/06\/15\/kima-exports-up-by-130-by-end-of-may-since-the-start-of-fy-2016-17\/\" 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\/06\/15\/kima-exports-up-by-130-by-end-of-may-since-the-start-of-fy-2016-17\/')\">\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\/06\/15\/kima-exports-up-by-130-by-end-of-may-since-the-start-of-fy-2016-17\/\">\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=KIMA exports up by 130% by end of May since the start of FY 2016-17&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/kima-exports-up-by-130-by-end-of-may-since-the-start-of-fy-2016-17\/\">\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\/06\/15\/kima-exports-up-by-130-by-end-of-may-since-the-start-of-fy-2016-17\/&title=KIMA exports up by 130% by end of May since the start of FY 2016-17\">\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=KIMA+exports+up+by+130%25+by+end+of+May+since+the+start+of+FY+2016-17+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fkima-exports-up-by-130-by-end-of-may-since-the-start-of-fy-2016-17%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\/06\/15\/kima-exports-up-by-130-by-end-of-may-since-the-start-of-fy-2016-17\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646511\" class=\"content-area-description single-story post-646511 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Egyptian Chemical Industries (KIMA) <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/204360_1.pdf\">announced<\/a> its exports increased by 130% by the end of May, compared with 1 July last year. KIMA\u2019s revenues doubled, reaching EGP 562 mn driven by the surge in exports. Net profit recorded EGP 262 mn by end of May, the company said. KIMA also announced that 55% of its new ammonia and urea production plant is completed and that the project will be ready in November 2018.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"646512\" 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=\"646512\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/health-ministry-plans-to-import-200k-packs-of-hep-c-treatment-harvoni\/\">\r\n                            Health Ministry plans to import 200K packs of hep C treatment Harvoni                        <\/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\/06\/15\/health-ministry-plans-to-import-200k-packs-of-hep-c-treatment-harvoni\/\" 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\/06\/15\/health-ministry-plans-to-import-200k-packs-of-hep-c-treatment-harvoni\/')\">\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\/06\/15\/health-ministry-plans-to-import-200k-packs-of-hep-c-treatment-harvoni\/\">\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=Health Ministry plans to import 200K packs of hep C treatment Harvoni&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/health-ministry-plans-to-import-200k-packs-of-hep-c-treatment-harvoni\/\">\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\/06\/15\/health-ministry-plans-to-import-200k-packs-of-hep-c-treatment-harvoni\/&title=Health Ministry plans to import 200K packs of hep C treatment Harvoni\">\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=Health+Ministry+plans+to+import+200K+packs+of+hep+C+treatment+Harvoni+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fhealth-ministry-plans-to-import-200k-packs-of-hep-c-treatment-harvoni%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\/06\/15\/health-ministry-plans-to-import-200k-packs-of-hep-c-treatment-harvoni\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646512\" class=\"content-area-description single-story post-646512 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Health Ministry is planning to import 200k packs of Hepatitis C treatment Harvoni through a tender, whose results will be announced next week, <a href=\"https:\/\/alborsanews.com\/2017\/06\/14\/1032278\">Al Borsa reports<\/a>. The ministry has reportedly only received two offers in the tender, which it issued earlier this month. Sources tell the newspaper that the ministry expects to pay EGP 650 per pack.<\/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\/health-education\/\">Health + Education<\/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=\"646513\" 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=\"646513\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/te-revenues-from-te-data-fall-in-1q2017\/\">\r\n                            TE revenues from TE Data fall in 1Q2017                        <\/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\/06\/15\/te-revenues-from-te-data-fall-in-1q2017\/\" 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\/06\/15\/te-revenues-from-te-data-fall-in-1q2017\/')\">\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\/06\/15\/te-revenues-from-te-data-fall-in-1q2017\/\">\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=TE revenues from TE Data fall in 1Q2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/te-revenues-from-te-data-fall-in-1q2017\/\">\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\/06\/15\/te-revenues-from-te-data-fall-in-1q2017\/&title=TE revenues from TE Data fall in 1Q2017\">\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=TE+revenues+from+TE+Data+fall+in+1Q2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fte-revenues-from-te-data-fall-in-1q2017%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\/06\/15\/te-revenues-from-te-data-fall-in-1q2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646513\" class=\"content-area-description single-story post-646513 post type-post status-publish format-standard hentry category-telecoms-ict tag-enterpriseam tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>TE Data\u2019s contribution to Telecom Egypt\u2019s earnings plunged 98.6% year-on-year in 1Q2017 to EGP 1.38 mn from EGP 98.45 mn last year, according to a Central Accounting Agency report <a href=\"http:\/\/www.almalnews.com\/Story\/337064\/17\/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D9%84%D8%AA%D9%83%D8%A7%D9%84%D9%8A%D9%81-%D9%8A%D9%87%D9%88%D9%89-%D8%A8%D8%A3%D8%B1%D8%A8%D8%A7%D8%AD-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%85%D9%86-%D8%AA%D9%89-%D8%A5%D9%89-%D8%AF%D8%A7%D8%AA%D8%A7-\">picked up by Al Mal<\/a>. The drop comes mainly on the back of a 86% y-o-y decrease in TE Data\u2019s net profit. This comes after we noted <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/05\/te-data-loses-customers-for-first-time-ever-in-1q2017\/\">earlier this month<\/a> that TE Data lost about 3,000 subscribers in 1Q2017, who switched over to internet provided by MNOs Orange, Vodafone, and Etisalat Egypt. Despite that, TE Data still retains its near-monopoly with a 75.3% share of the ADSL market.<\/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\/telecoms-ict\/\">Telecoms + ICT<\/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=\"646514\" 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=\"646514\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/minority-shareholders-approve-mto\/\">\r\n                            Minority shareholders approve MTO                        <\/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\/06\/15\/minority-shareholders-approve-mto\/\" 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\/06\/15\/minority-shareholders-approve-mto\/')\">\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\/06\/15\/minority-shareholders-approve-mto\/\">\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=Minority shareholders approve MTO&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/minority-shareholders-approve-mto\/\">\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\/06\/15\/minority-shareholders-approve-mto\/&title=Minority shareholders approve MTO\">\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=Minority+shareholders+approve+MTO+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fminority-shareholders-approve-mto%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\/06\/15\/minority-shareholders-approve-mto\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646514\" class=\"content-area-description single-story post-646514 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>Shareholders controlling just 0.45% of Cairo Specialized Hospital agreed to sell their shares to parent company Cleopatra Hospitals Group as part of a mandatory tender offer, according to a <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/204342_1.pdf\">bourse disclosure<\/a>. Cleopatra\u2019s MTO aimed to acquire the outstanding 1.2 mn shares of Cairo Specialized Hospital that it did not already own. The deadline for the offer was 12 June. EFSA had greenlit Cleopatra\u2019s acquisition of 46.32% of Cairo Specialized Hospital\u2019s shares in <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/15\/efsa-greenlights-cleopatra-hospital-acquisition-of-46-23-of-cairo-specialized-hospital\/\">mid-May<\/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\/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=\"646515\" 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=\"646515\">\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\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/us-ups-security-measures-for-basketball-team-playing-in-egypt-next-month\/\">\r\n                            US ups security measures for basketball team playing in Egypt next month                        <\/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\/06\/15\/us-ups-security-measures-for-basketball-team-playing-in-egypt-next-month\/\" 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\/06\/15\/us-ups-security-measures-for-basketball-team-playing-in-egypt-next-month\/')\">\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\/06\/15\/us-ups-security-measures-for-basketball-team-playing-in-egypt-next-month\/\">\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=US ups security measures for basketball team playing in Egypt next month&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/us-ups-security-measures-for-basketball-team-playing-in-egypt-next-month\/\">\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\/06\/15\/us-ups-security-measures-for-basketball-team-playing-in-egypt-next-month\/&title=US ups security measures for basketball team playing in Egypt next month\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=US+ups+security+measures+for+basketball+team+playing+in+Egypt+next+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fus-ups-security-measures-for-basketball-team-playing-in-egypt-next-month%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\/06\/15\/us-ups-security-measures-for-basketball-team-playing-in-egypt-next-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646515\" class=\"content-area-description single-story post-646515 post type-post status-publish format-standard hentry category-_newspack_sports tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The US under-19 basketball team will be given the same level of security as an Olympic team when they travel to Cairo for the World Cup for men next month, <a href=\"https:\/\/apnews.com\/986a74bdf177425aa99b11fd233ef71a\">The Associated Press<\/a> reports. This means \u201cmore staff on the ground and greater intelligence shared.\u201d The team also learned the event will be secured by the presidency, rather than the Sports Ministry. \u201cSo while we are very much aware of the challenges of security in Egypt, we have concluded that the venue \u2026 will be secured adequately and gives us confidence to send a team over there,\u201d USA Basketball\u2019s chairman Martin Dempsey said.<\/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\/sports\/\">sports<\/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=\"646516\" 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=\"646516\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/qalaa-scholarship-foundation-names-12-scholars-this-year\/\">\r\n                            Qalaa Scholarship Foundation names 12 scholars this year                        <\/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\/06\/15\/qalaa-scholarship-foundation-names-12-scholars-this-year\/\" 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\/06\/15\/qalaa-scholarship-foundation-names-12-scholars-this-year\/')\">\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\/06\/15\/qalaa-scholarship-foundation-names-12-scholars-this-year\/\">\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=Qalaa Scholarship Foundation names 12 scholars this year&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/qalaa-scholarship-foundation-names-12-scholars-this-year\/\">\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\/06\/15\/qalaa-scholarship-foundation-names-12-scholars-this-year\/&title=Qalaa Scholarship Foundation names 12 scholars this year\">\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=Qalaa+Scholarship+Foundation+names+12+scholars+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F15%2Fqalaa-scholarship-foundation-names-12-scholars-this-year%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\/06\/15\/qalaa-scholarship-foundation-names-12-scholars-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646516\" class=\"content-area-description single-story post-646516 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>Egypt\u2019s largest private-sector scholarship program has announced 12 recipients of full scholarships to pursue graduate studies at top global universities. <\/strong>The Qalaa Holdings Scholarship Foundation\u2019s class of 2017-18 (which includes 10 Qalaa Holdings scholars and one recipient each of scholarships from TAQA Arabia and the Egyptian Refining Company) will be studying \u201cat leading universities in US, UK, France and Sweden.\u201d The foundation\u2019s eleventh class brings to 163 the total number of scholarships awarded so far. This year\u2019s recipients will be studying everything from filmmaking to health economics, law, archaeology, costume design, optics and photonics and transportation planning. <a href=\"http:\/\/qalaaholdings.com\/newsroom\/news-releases\/353\">Learn more about the program and this year\u2019s class.<\/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=\"646517\" 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=\"646517\">\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\">THE MARKETS YESTERDAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/by-the-numbers-36\/\">\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\/06\/15\/by-the-numbers-36\/\" 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\/06\/15\/by-the-numbers-36\/')\">\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\/06\/15\/by-the-numbers-36\/\">\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\/06\/15\/by-the-numbers-36\/\">\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\/06\/15\/by-the-numbers-36\/&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%2F06%2F15%2Fby-the-numbers-36%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\/06\/15\/by-the-numbers-36\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646517\" class=\"content-area-description single-story post-646517 post type-post status-publish format-standard hentry category-the-markets-yesterday tag-enterpriseam tag-the-markets-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 18.0415 | Sell 18.1412<br \/>\n<strong>EGP \/ USD at CIB:<\/strong> Buy 18.05 | Sell 18.15<br \/>\n<strong>EGP \/ USD at NBE: <\/strong>Buy 17.95 | Sell 18.05<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 13,502 (-0.2%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.0 bn (39% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +9.4%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 was down 0.2%. The EGX30\u2019s heaviest constituent, CIB, was down 0.2% on the day. The index\u2019s top performing constituents were Madinet Nasr for Housing & Development, up 2.5%, Eastern Company, up 2.4%, and Arabian Cement Company, up 1.8%. Yesterday\u2019s worst performing stocks were Porto Group, down 4.9%, Amer Group, down 2.6%, and TMGH, down 2.1%. The market turnover was EGP 1.0 bn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +66.4 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -2.4 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -64.0 mn<\/p>\n<p><strong>Retail<\/strong>: 54.3% of total trades | 54.9% of buyers | 53.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 45.7% of total trades | 45.1% of buyers | 46.3% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 30.5% of total | 33.8% of buyers | 27.2% of sellers<br \/>\n <strong>Regional:<\/strong> 6.4% of total | 6.2% of buyers | 6.5% of sellers<br \/>\n <strong>Domestic:<\/strong> 63.1% of total | 60.0% of buyers | 66.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 44.64 (-0.20%)<br \/>\n <strong>Brent:<\/strong> USD 46.96 (-0.09%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.95 MMBtu, (+0.44%, July 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,267.90 \/ troy ounce (-0.63%)<\/p>\n<p><strong>TASI:<\/strong> 6,853.54 (+0.48%) (YTD: -4.95%)<br \/>\n <strong>ADX:<\/strong> 4,535.57 (-0.04%) (YTD: -0.24%)<br \/>\n <strong>DFM:<\/strong> 3,450.78 (+0.26%) (YTD: -2.27%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 398.53 (+0.11%) (YTD: +4.85%)<br \/>\n <strong>QE:<\/strong> 9,189.98 (+1.04%) (YTD: -11.95%)<br \/>\n <strong>MSM:<\/strong> 5,300.17 (-0.24%) (YTD: -8.34%)<br \/>\n <strong>BB: <\/strong>1,327.03 (-0.03%) (YTD: +8.73%)<\/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=\"646518\" 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\/06\/15\/646518\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646518\" class=\"content-area-description single-story post-646518 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>26 May-23 June (Friday-Friday): Window for firms to submit expressions of interest to the <a href=\"http:\/\/www.ebrd.com\/work-with-us\/procurement\/pn-69202.html\">European Bank for Reconstruction and Development for consulting on Egypt\u2019s oil and gas sector reform<\/a>, London, UK.<\/p>\n<p>22 June (Thursday): Nile Summit scheduled to be held in Uganda.<\/p>\n<p>26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC).<\/p>\n<p>30 June (Friday): 30 June, national holiday.<\/p>\n<p>06 July (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee to review policy rates.<\/p>\n<p>13-15 July (Thursday-Saturday): <a href=\"http:\/\/www.agrena.net\/\">AGRENA<\/a>\u2019s 19th 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>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>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":646484,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-646483","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"24eac41d-4188-47f7-b5c3-4fb265944406","teaser":"","photo_url":"https:\/\/ent.news\/2017\/6\/886.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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