{"id":646690,"date":"2017-06-21T04:18:39","date_gmt":"2017-06-21T04:18:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=646690"},"modified":"2025-12-17T20:32:43","modified_gmt":"2025-12-17T20:32:43","slug":"el-sisi-announces-measures-designed-to-strengthen-social-safety-as-nation-braces-for-electricity-fuel-and-water-price-hikes","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/el-sisi-announces-measures-designed-to-strengthen-social-safety-as-nation-braces-for-electricity-fuel-and-water-price-hikes\/","title":{"rendered":"El Sisi announces measures designed to strengthen social safety as nation braces for electricity, fuel and water price hikes"},"content":{"rendered":"<section id=\"646692\" 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=\"646692\">\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\/21\/what-were-tracking-on-21-june-2017\/\">\r\n                            What we\u2019re tracking on 21 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\/21\/what-were-tracking-on-21-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(); 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There\u2019s no word as we hit \u201csend\u201d as to what has become of former crown prince Mohamed bin Nayef.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>EAEF chairman Jim Harmon is testifying today before the House Committee on Foreign <\/strong><strong>Affairs<\/strong>\u2019 subcommittee on the Middle East and North Africa. Harmon will tell the committee that the <a href=\"http:\/\/www.eaefund.org\/\">Egyptian American Enterprise Fund<\/a> (EAEF) has, in its first four years of operations, so far \u201cinvested USD 98 mn in Egypt and attracted an additional USD 110 mn in foreign investments.\u201d He will also explain that the fund is \u201ca model for sustainable economic development at little, if any, cost to the U.S. taxpayer.\u201d Harmon\u2019s remarks will name-check investments in bill payments platform <a href=\"http:\/\/fawry.com\/\">Fawry<\/a> as well as the good people at <a href=\"http:\/\/sarwa.capital\/\">Sarwa Capital<\/a>, <a href=\"http:\/\/tanmiyaventures.com\/\">Tanmiya Capital Ventures (TCV)<\/a> and <a href=\"https:\/\/algebraventures.com\/\">Algebra Ventures<\/a> and our friend Amal Enan, executive director of EAEF. You can <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/06\/June-2017__FINAL-Statement-for-the-Record.pdf\"><strong>read an advance copy of Harmon\u2019s remarks here (pdf)<\/strong><\/a>or <a href=\"https:\/\/foreignaffairs.house.gov\/hearing\/subcommittee-hearing-grading-egyptian-tunisian-enterprise-funds\/\">watch the testimony live<\/a> when the hearing gets underway today at 10am EST (that\u2019s 4pm CLT).<\/p><p><strong>EFSA is looking to lift restrictions on GDR trading. <\/strong>Egyptian Financial Supervisory Authority head <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=20062017&amp;id=7940978d-a640-46b2-a4d1-30463c7f8de0\">Sherif Samy confirmed yesterday<\/a> that restrictions on trading in global deposit receipts are being reconsidered, something EGX Chairman Mohamed Omran had said would happen after the <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/15\/cbe-lifts-restrictions-on-usd-bank-transfers-abroad\/\">CBE lifted restrictions on USD transfers<\/a> last week. The new rules could do away with restrictions from 2012 and 2015, which include requirements 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><p><strong>Is Rex going to send us to the naughty mat?<\/strong> US \u201cSecretary of State Rex Tillerson\u2019s spokeswoman signaled his patience is wearing thin as a dispute between a Saudi Arabia-led coalition and Qatar drags into a third week, saying <strong>the U.S. is \u2018mystified\u2019<\/strong> that the group hasn\u2019t done more to show how the country can end its isolation,\u201d <a href=\"https:\/\/www.bloomberg.com\/politics\/articles\/2017-06-20\/tillerson-signals-impatience-with-saudi-led-allies-over-qatar\">Bloomberg reports<\/a>.<\/p><p>And speaking of Bloomberg: <strong>The business information service is out to save us from<\/strong><strong>soggy grilled cheese sandwiches<\/strong> on late-night room service menus around the world, profiling hotels in Bangkok, Paris, Dubai, New York, London and Las Vegas that it says has the best late-night, in-room eats. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-20\/some-hotels-want-to-save-late-night-room-service-from-a-boring-death\">You can check out their recommendations here<\/a> and take \u2018em seriously: We can\u2019t recall being happier in recent weeks than when our niece told us she had used <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/25\/what-were-tracking-on-25-may-2017\/\">our pickup of Bloomberg\u2019s tips on the best steaks in the world<\/a> to find a great place to eat in Tokyo.<\/p><p><strong>MSCI announced the results of its 2017 classification review yesterday<\/strong>. Saudi Arabia is the clear winner, making the list for an upgrade, while Argentina will have to wait another year and Nigeria got a stay of execution. China \u2018A\u2019 shares got the nod for an upgrade now. We have full coverage in Speed Round, below.<\/p><p><strong>Brexit talks began yesterday, and are off to a rocky start<\/strong>, according to the <a href=\"https:\/\/www.wsj.com\/articles\/eus-barnier-hopes-to-remove-brexit-uncertainties-as-talks-begin-1497867241\">Wall Street Journal<\/a>. Friction apparently arose after European Union negotiators pushed for the UK to make good on pledges it made prior to Brexit. The EU\u2019s preferred timetable for the talks was reportedly adopted without much debate.<\/p><p><strong>We\u2019re heading into a five-day weekend here in Egypt <\/strong>in observance of Eid Al-Fitr. <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/06\/Banks-holidays.pdf\">Banks and the stock market will be closed<\/a> Sunday through Tuesday, and Enterprise will be taking the full week off to catch up on sleep. We\u2019ll be back to at our customary 6:10am (or so) on Sunday, 2 July.<\/p><p><strong>Need an alternative to Ramadan soaps before the Eid break? <\/strong><a href=\"https:\/\/arabia.starzplay.com\/\">Video on demand service Starz Play<\/a> has reportedly been gaining traction since it launched in the Middle East in 2015, Yasmine Saleh <a href=\"https:\/\/www.zawya.com\/mena\/en\/story\/Interview_Meet_the_company_looking_to_take_on_Netflix_in_the_Middle_East-ZAWYA20170620064837\/\">writes for Zawya<\/a>. The company, which claims to offer the lowest subscription fee in the region, is reportedly eyeing expansion in Egypt. Current offerings on the platform include Friends, Fargo, Twin Peaks, How I Met Your Mother, six seasons of the Walking Dead <strong>and both seasons of the amazing Bns, <\/strong>in addition to a host of Ramadan serials. (Parents: They also have Disney movies.) Interestingly enough, you can <strong>sign up to be billed to your Vodafone Egypt account <\/strong>if you prefer not to use bank-issued plastic. The service runs EGP 50 a month in Omm El Donia and includes a 30 day trial without charge. We\u2019re not sure it can entice us away from the excellent original content on Netflix, but we\u2019re going to take it for a spin.<\/p><p><strong>So, when do we eat?<\/strong> Maghrib prayers are at 7:00pm 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=\"646693\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n           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class=\"stk-block-content stk-inner-blocks stk-6qc5g0y-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\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-okmuqge\" data-v=\"4\" data-block-id=\"okmuqge\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-okmuqge-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-okmuqge-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                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div 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272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"646694\" 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=\"646694\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We\u2019re Tracking This Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/what-were-tracking-this-week-170\/\">\r\n                            What we\u2019re tracking this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/what-were-tracking-this-week-170\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n        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week&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/what-were-tracking-this-week-170\/\">\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\/21\/what-were-tracking-this-week-170\/&title=What we\u2019re tracking this week\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fwhat-were-tracking-this-week-170%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\/21\/what-were-tracking-this-week-170\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646694\" class=\"content-area-description single-story post-646694 post type-post status-publish format-standard hentry category-what-were-tracking-this-week tag-enterpriseam tag-what-were-tracking-this-week wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi <\/strong>heads to Uganda tomorrow for <strong>presidential summit of the <\/strong><strong>Nile Basin Initiative countries<\/strong>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"646695\" 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=\"646695\">\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\/21\/adib-zeroes-in-on-sisis-social-safety-measures\/\">\r\n                            Adib zeroes in on Sisi\u2019s social safety measures                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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            <\/a>\r\n\r\n                \n<article id=\"post-646695\" class=\"content-area-description single-story post-646695 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>On what was a relatively slow day on the airwaves, Kol Youm\u2019s Amr Adib had little of interest to offer beyond <strong>President Abdel Fattah El Sisi announcing a number of measures meant to strengthen the social safety<\/strong> <strong>net. <\/strong>(We have that covered in this morning\u2019s Speed Round).<\/p>\n<p><strong>This is the first time in years that citizens will feel a change in their real incomes,<\/strong> Adib said. He commended the measures which included pension increases, income tax breaks, and raises for state bureaucrats, to name a few (<a href=\"https:\/\/www.youtube.com\/watch?v=mKGjE0LjqSw\">watch,<\/a> runtime 2:39). <strong>Adib reminded his audience that the government\u2019s economic reform measures will improve the quality<\/strong> of healthcare services, education, and infrastructure development, once they\u2019re in full swing (<a href=\"https:\/\/www.youtube.com\/watch?v=S07ORDY-kvc\">watch<\/a>, runtime 2:26).<br \/>\n<strong>The voluble host found an opportunity to revert to his favorite topic of the month, <\/strong><strong>Qatar,<\/strong> by noting that El Sisi did not name Qatar when talking about countries that fund terrorism during the day\u2019s speech, \u201ceven though Saudi Arabia, the UAE, and all the other countries that boycott Qatar called it out explicitly\u201d (<a href=\"https:\/\/www.youtube.com\/watch?v=d1Co97K09kM\">watch<\/a>, runtime 2:17).<\/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=\"646696\" 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=\"646696\">\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\/21\/sisi-raises-food-subsidy-allowances-to-egp-50-from-egp-21-alongside-handful-of-social-safety-measures\/\">\r\n                            Sisi raises food subsidy allowances to EGP 50 from EGP 21 alongside handful of social safety measures                        <\/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\/21\/sisi-raises-food-subsidy-allowances-to-egp-50-from-egp-21-alongside-handful-of-social-safety-measures\/\" 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\/21\/sisi-raises-food-subsidy-allowances-to-egp-50-from-egp-21-alongside-handful-of-social-safety-measures\/')\">\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\/21\/sisi-raises-food-subsidy-allowances-to-egp-50-from-egp-21-alongside-handful-of-social-safety-measures\/\">\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=Sisi raises food subsidy allowances to EGP 50 from EGP 21 alongside handful of social safety measures&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/sisi-raises-food-subsidy-allowances-to-egp-50-from-egp-21-alongside-handful-of-social-safety-measures\/\">\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\/21\/sisi-raises-food-subsidy-allowances-to-egp-50-from-egp-21-alongside-handful-of-social-safety-measures\/&title=Sisi raises food subsidy allowances to EGP 50 from EGP 21 alongside handful of social safety measures\">\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=Sisi+raises+food+subsidy+allowances+to+EGP+50+from+EGP+21+alongside+handful+of+social+safety+measures+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fsisi-raises-food-subsidy-allowances-to-egp-50-from-egp-21-alongside-handful-of-social-safety-measures%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\/21\/sisi-raises-food-subsidy-allowances-to-egp-50-from-egp-21-alongside-handful-of-social-safety-measures\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646696\" class=\"content-area-description single-story post-646696 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>El Sisi signs off on measures to strengthen social safety net: <\/strong>President Abdel Fattah El Sisi announced a handful of measures yesterday designed to strengthen the social safety net and shield the poor from inflation as the government pursues further economic reforms. As sources had <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/14\/electricity-prices-will-definitely-rise-in-july-official-says-government-plans-additional-welfare-package\/\">predicted last week<\/a>, food subsidy allowances will rise to a monthly EGP 50 from EGP 21 starting 1 July for Egypt\u2019s c.70 mn subsidy card holders, El Sisi said in a speech (<a href=\"https:\/\/www.youtube.com\/watch?v=YPqNYkQIi5s\"><strong>watch<\/strong><\/a>, runtime: 26:32). This 140% increase will see the line item cost state coffers EGP 85 bn, up from EGP 45 bn in last year\u2019s budget. El Sisi announced other measures yesterday \u2014 some of which were <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/20\/house-votes-on-income-tax-amendments-hardship-raises-and-pension-increases\/\">okayed by parliament this week<\/a> \u2014 including:<\/p>\n<ul type=\"disc\">\n<li>The <strong>15% increase in state pensions<\/strong> at a cost of around EGP 190 bn; <\/li>\n<li>An <strong>EGP 100 increase in monthly allowances under the Takaful and Karama <\/strong>cash subsidy programs at a cost of EGP 8.25 bn to the state; <\/li>\n<li>A <strong>three-year tax freeze <\/strong>on property tithes on agricultural land;<\/li>\n<li>The <strong>7% annual raise and 7% hardship raise for state bureaucrats<\/strong> under the Civil Service Act and the <strong>corresponding 10% raise<\/strong> for bureaucrats not covered by the act; <\/li>\n<li>Progressive <strong>income tax breaks<\/strong> for private citizens, particularly those in lower income brackets. <\/li>\n<\/ul>\n<p>Meanwhile, the ministers of planning, finance, and manpower will be holding meetings to discuss <strong>increases to minimum wages for the three months<\/strong> following the start of the new fiscal year, according to a release <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1151326\">picked up by AMAY<\/a> says. And in its latest Nasserist PR stunt, the commie-capitalist oxymoron that is the Union of Egyptian Investors Associations says it is in talks with Manpower Minister Mohamed Saafan on an initiative that would give private sector employees a 10% bump on their base salary, <a href=\"http:\/\/www.almalnews.com\/Story\/337868\/14\/%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86-%D9%8A%D8%B9%D9%84%D9%86-%D8%B9%D9%86-%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A9-%D8%B5%D8%B1%D9%81-%D8%B9%D9%84%D8%A7%D9%88%D8%A9-%D9%84%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-10%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9\">Al Mal reports<\/a>.<\/p>\n<p><strong>President El Sisi\u2019s speech had started by addressing the two elephants in the room \u2014 <\/strong><strong>and in the Red Sea.<\/strong> He said that he respected people\u2019s opposing viewpoints on a treaty that would see Egypt hand Tiran and Sanafir islands over to Saudi Arabia, but that his administration is bound by law to give them back.<\/p>\n<p>El Sisi\u2019s statements came as the <strong>Administrative Court issued a ruling on Tuesday <\/strong><strong>stating that the Court of Urgent Matters lacked the jurisdiction to overturn its verdict<\/strong> nullifying the Tiran and Sanafir agreement, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1151127\">according to AMAY<\/a>. The suit was filed by opposition <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/30\/cairo-court-postpones-first-session-in-lawyer-khaled-alis-trial-to-3-july\/\">lawyer Khaled Ali<\/a>. The House of Representatives ratified the agreement last week, spurring a backlash. Over 100 MPs had <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/19\/119-mps-ask-el-sisi-to-hold-on-smurf-islands-agreement-until-constitutional-court-issues-verdict\/\">signed a request<\/a> asking El Sisi to wait for the final verdict on the matter from the Supreme Constitutional Court before signing off on the agreement. The State Lawsuits Authority (which represents the government in the case) has reportedly asked the Constitutional Court to use its legal right to strike down both the Administrative and Urgent Matters courts\u2019 contradicting verdicts, sources <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21062017&id=f6148a3b-fb83-4fd7-bb0f-cfbee8b462d7\">tell Al Shorouk<\/a>.<\/p>\n<p><strong>El Sisi then discussed the ongoing blockade of Qatar<\/strong> (without ever saying the country\u2019s name), suggesting that a certain state\u2019s sponsorship of terror had forced Egypt to take drastic action.<\/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=\"646708\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"646709\" 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=\"646709\">\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\/21\/deformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera\/\">\r\n                            Deformed Marilyn Monroe sculpture unveiled at the Cairo Opera                        <\/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\/21\/deformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera\/\" 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\/21\/deformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera\/')\">\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\/21\/deformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera\/\">\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=Deformed Marilyn Monroe sculpture unveiled at the Cairo Opera&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/deformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera\/\">\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\/21\/deformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera\/&title=Deformed Marilyn Monroe sculpture unveiled at the Cairo Opera\">\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=Deformed+Marilyn+Monroe+sculpture+unveiled+at+the+Cairo+Opera+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fdeformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera%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\/21\/deformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/384.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"646710\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/deformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera\/384-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/384.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"384.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/384.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/384.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646709\" class=\"content-area-description single-story post-646709 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><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Marilyn? Marilyn, is that you?<\/strong> In an apparent attempt to portray Marilyn Monroe in her famous billowing white dress, an Egyptian sculptor caused a stir on social media for creating a rather terrifying statue that was unveiled at the Cairo Opera House a few days ago, <a href=\"http:\/\/www.youm7.com\/story\/2017\/6\/20\/%D8%AA%D9%85%D8%AB%D8%A7%D9%84-%D9%85%D8%B4%D9%88%D9%87-%D9%84%D9%80-%D9%85%D8%A7%D8%B1%D9%84%D9%8A%D9%86-%D9%85%D9%88%D9%86%D8%B1%D9%88-%D9%81%D9%89-%D8%AF%D8%A7%D8%B1-%D8%A7%D9%84%D8%A3%D9%88%D8%A8%D8%B1%D8%A7-%D9%8A%D8%B4%D8%B9%D9%84-%D8%B3%D8%AE%D8%B1%D9%8A%D8%A9\/3292732\">Youm7 reports<\/a>. (What Ms. Monroe has to do with Egypt, God alone knows.) This piece of \u201cart\u201d is joining the ranks of other hideous statues our country\u2019s finest sculptors have gifted us, including the <a href=\"http:\/\/english.ahram.org.eg\/Media\/News\/2016\/9\/7\/2016-636088808831732488-173.jpg\">Frankenstein-esque Nefertiti bust in Minya<\/a> and the <a href=\"https:\/\/enterprise.press\/stories\/2016\/09\/05\/sohag-residents-demand-redo-of-suggestive-sculpture\/\">\"Mother of the Martyr\u201d statue<\/a> that looked a whole lot like an incident of [redacted] harassment. <strong>We\u2019re not sure who\u2019s more likely to be rolling in their grave<\/strong>: Poor Ms. Monroe, or our Ancient Egyptian forefathers who don\u2019t know how we went from building awe-inspiring colossi to \u2026 whatever this atrocity is.<\/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=\"646711\" 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=\"646711\">\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\/21\/battle-of-the-courts-tops-coverage-of-egypt-in-international-news\/\">\r\n                            Battle of the Courts tops coverage of Egypt in international news                        <\/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\/21\/battle-of-the-courts-tops-coverage-of-egypt-in-international-news\/\" 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\/21\/battle-of-the-courts-tops-coverage-of-egypt-in-international-news\/')\">\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\/21\/battle-of-the-courts-tops-coverage-of-egypt-in-international-news\/\">\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=Battle of the Courts tops coverage of Egypt in international news&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/battle-of-the-courts-tops-coverage-of-egypt-in-international-news\/\">\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\/21\/battle-of-the-courts-tops-coverage-of-egypt-in-international-news\/&title=Battle of the Courts tops coverage of Egypt in international news\">\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=Battle+of+the+Courts+tops+coverage+of+Egypt+in+international+news+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fbattle-of-the-courts-tops-coverage-of-egypt-in-international-news%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\/21\/battle-of-the-courts-tops-coverage-of-egypt-in-international-news\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646711\" class=\"content-area-description single-story post-646711 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>\u201c<strong>Battle of the Courts\u201d tops coverage of Egypt in international news:<\/strong> Topping coverage of Egypt in the foreign press this morning are pickups of the Administrative Court\u2019s ruling that the Court of Urgent Matters does not have jurisdiction to rule on cases related to the handover of Tiran and Sanafir islands to Saudi Arabia. Most outlets, including <a href=\"http:\/\/www.aljazeera.com\/news\/2017\/06\/administrative-court-annuls-egypt-saudi-islands-deal-170620173846077.html\">Al Jazeera<\/a>, say the decision will add to the ongoing tussle between branches of government on the handover, with some now saying the ball is in President Abdel Fattah El Sisi\u2019s court as he is yet to sign off on the agreement. That said, we note the president signalled in a speech yesterday that he is likely to approve the handover, citing obligations under international law.<\/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=\"646715\" 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=\"646715\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/low-income-citizens-are-being-shielded-from-price-increases-at-the-expense-of-the-middle-class\/\">\r\n                            Low-income citizens are being shielded from price increases at the expense of the middle class                        <\/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\/21\/low-income-citizens-are-being-shielded-from-price-increases-at-the-expense-of-the-middle-class\/\" 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\/21\/low-income-citizens-are-being-shielded-from-price-increases-at-the-expense-of-the-middle-class\/')\">\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\/21\/low-income-citizens-are-being-shielded-from-price-increases-at-the-expense-of-the-middle-class\/\">\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=Low-income citizens are being shielded from price increases at the expense of the middle class&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/low-income-citizens-are-being-shielded-from-price-increases-at-the-expense-of-the-middle-class\/\">\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\/21\/low-income-citizens-are-being-shielded-from-price-increases-at-the-expense-of-the-middle-class\/&title=Low-income citizens are being shielded from price increases at the expense of the middle class\">\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=Low-income+citizens+are+being+shielded+from+price+increases+at+the+expense+of+the+middle+class+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Flow-income-citizens-are-being-shielded-from-price-increases-at-the-expense-of-the-middle-class%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\/21\/low-income-citizens-are-being-shielded-from-price-increases-at-the-expense-of-the-middle-class\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646715\" class=\"content-area-description single-story post-646715 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Same old tune: Postpone the subsidy cuts, because they hurt:<\/strong> The state may be trying to shield low-income citizens from the burden of economic reform, but it\u2019s simultaneously pushing the country\u2019s middle class to its breaking point, Hamdy Rizk writes in a <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1151199\">column penned for Al Masry Al Youm<\/a>. Rizk plays the same tune as many others, urging the state to hold off on raising electricity prices come July, saying some citizens simply will not be able to keep up in what\u2019s already a high-inflation environment.<\/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-deadline\/\">On Deadline<\/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=\"646716\" 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=\"646716\">\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\/21\/nasr-discusses-increasing-investments-with-uk-companies\/\">\r\n                            Nasr discusses increasing investments with UK companies                        <\/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\/21\/nasr-discusses-increasing-investments-with-uk-companies\/\" 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\/21\/nasr-discusses-increasing-investments-with-uk-companies\/')\">\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\/21\/nasr-discusses-increasing-investments-with-uk-companies\/\">\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=Nasr discusses increasing investments with UK companies&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/nasr-discusses-increasing-investments-with-uk-companies\/\">\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\/21\/nasr-discusses-increasing-investments-with-uk-companies\/&title=Nasr discusses increasing investments with UK companies\">\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=Nasr+discusses+increasing+investments+with+UK+companies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fnasr-discusses-increasing-investments-with-uk-companies%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\/21\/nasr-discusses-increasing-investments-with-uk-companies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646716\" class=\"content-area-description single-story post-646716 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>Investment and International Minister Sahar Nasr discussed investment opportunities <\/strong><strong>with a number of UK companies<\/strong>, according to a <a href=\"https:\/\/ent.news\/2017\/6\/542.pdf\">ministry statement (pdf)<\/a>. Vodafone is spending EGP 2 bn on expansion in Egypt this year, External Affairs and Legal Director Ayman Essam told Nasr. GlaxoSmithKline\u2019s investments in Egypt reached USD 800 mn, chairman Amr Mamdouh also told the minister. Facilities management and construction services outfit Carillion aid its investments have hit the USD 1 bn, according regional director Khaled Zaki, while Oil and gas exploration and production company Rockhopper is investing USD 100 mn in Egypt, Finance and Administrative manager Engy Khalaf 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\/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=\"646720\" 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=\"646720\">\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\/21\/foreign-companies-submit-proposals-for-waste-to-energy-plants-at-varying-feed-in-tariff-rates\/\">\r\n                            Foreign companies submit proposals for waste-to-energy plants at varying feed-in tariff rates                        <\/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\/21\/foreign-companies-submit-proposals-for-waste-to-energy-plants-at-varying-feed-in-tariff-rates\/\" 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\/21\/foreign-companies-submit-proposals-for-waste-to-energy-plants-at-varying-feed-in-tariff-rates\/')\">\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\/21\/foreign-companies-submit-proposals-for-waste-to-energy-plants-at-varying-feed-in-tariff-rates\/\">\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=Foreign companies submit proposals for waste-to-energy plants at varying feed-in tariff rates&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/foreign-companies-submit-proposals-for-waste-to-energy-plants-at-varying-feed-in-tariff-rates\/\">\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\/21\/foreign-companies-submit-proposals-for-waste-to-energy-plants-at-varying-feed-in-tariff-rates\/&title=Foreign companies submit proposals for waste-to-energy plants at varying feed-in tariff rates\">\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=Foreign+companies+submit+proposals+for+waste-to-energy+plants+at+varying+feed-in+tariff+rates+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fforeign-companies-submit-proposals-for-waste-to-energy-plants-at-varying-feed-in-tariff-rates%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\/21\/foreign-companies-submit-proposals-for-waste-to-energy-plants-at-varying-feed-in-tariff-rates\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646720\" class=\"content-area-description single-story post-646720 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>Two foreign companies have submitted proposals to the environment and electricity ministries for waste-to-energy plants at varying feed-in tariff (FiT) rates, Assistant Environment Minister Fatma Mohsen said, <a href=\"https:\/\/alborsanews.com\/2017\/06\/20\/1033617\">Al Borsa reports<\/a>. According to Mohsen, a Portuguese company submitted a proposal with an estimated tariff of EGP 1.45 per kWh, while a Chinese company\u2019s offer sets the tariff at EGP 2.00 per kWh. As we noted yesterday, a <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/20\/waste-to-energy-feed-in-tariff-set-at-egp-1-45-pending-cabinet-approval\/\">FiT rate of EGP 1.45 per kWh<\/a> has been earmarked but is pending final cabinet approval.<\/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=\"646721\" 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=\"646721\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/usd-400-mn-multi-purpose-station-to-be-built-at-nuweiba-port\/\">\r\n                            USD 400 mn multi-purpose station to be built at Nuweiba port                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/usd-400-mn-multi-purpose-station-to-be-built-at-nuweiba-port\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/usd-400-mn-multi-purpose-station-to-be-built-at-nuweiba-port\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/usd-400-mn-multi-purpose-station-to-be-built-at-nuweiba-port\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=USD 400 mn multi-purpose station to be built at Nuweiba port&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/usd-400-mn-multi-purpose-station-to-be-built-at-nuweiba-port\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/usd-400-mn-multi-purpose-station-to-be-built-at-nuweiba-port\/&title=USD 400 mn multi-purpose station to be built at Nuweiba port\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=USD+400+mn+multi-purpose+station+to+be+built+at+Nuweiba+port+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fusd-400-mn-multi-purpose-station-to-be-built-at-nuweiba-port%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/usd-400-mn-multi-purpose-station-to-be-built-at-nuweiba-port\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646721\" class=\"content-area-description single-story post-646721 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Ismail cabinet approved the establishment of a USD 400 mn multi-purpose station at Nuweiba port on an area of 137k sqm, <a href=\"https:\/\/alborsanews.com\/2017\/06\/20\/1033449\">Al Borsa<\/a> reports. The project\u2019s conditions are being finalized, says Red Sea Ports Authority chairman Hisham Abou Senna, without specifying when the project will be launched. Separately, feasibility studies for a freezone in Nuweiba were completed, according to Abou Senna. Talks are underway with the Red Sea governorate to allocate a 1 mn sqm land plot for the project.<\/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\/infrastructure\/\">infrastructure<\/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=\"646722\" 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=\"646722\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/domestic-wheat-purchase-season-over-govt-buys-3-4-mn-tonnes\/\">\r\n                            Domestic wheat purchase season over, gov\u2019t buys 3.4 mn tonnes                        <\/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\/21\/domestic-wheat-purchase-season-over-govt-buys-3-4-mn-tonnes\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The government paid a total of EGP 13 bn for its purchases and Minister Ali El Moselhy instructed all government silos to cease purchasing operations. A source says the government will require 10 mn tonnes of wheat to produce subsidized bread in total, with the remaining quantities beyond the amounts bought domestically will be sourced through international transfers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"646725\" 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=\"646725\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/\">\r\n                            LG to operate new washers line within a month, targets USD 250 mn in exports                        <\/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\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/\" 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\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/')\">\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\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/\">\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=LG to operate new washers line within a month, targets USD 250 mn in exports&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/\">\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\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/&title=LG to operate new washers line within a month, targets USD 250 mn in exports\">\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=LG+to+operate+new+washers+line+within+a+month%2C+targets+USD+250+mn+in+exports+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Flg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports%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\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646725\" class=\"content-area-description single-story post-646725 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>LG is begin operations at its new washers production line at its Sixth of October plant within a month, LG Egypt Managing Director Don Kwak tells <a href=\"http:\/\/www.almalnews.com\/Story\/337788\/17\/%D8%A5%D9%84-%D8%AC%D9%89-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D8%AE%D8%B7%D8%A7-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D8%BA%D8%B3%D8%A7%D9%84%D8%A7%D8%AA-%D8%AE%D9%84%D8%A7%D9%84-%D8%B4%D9%87%D8%B1%E2%80%8E-\">Al Mal<\/a>. The company targets manufacturing 400k washers every year. 75% of the plant\u2019s production is set to be exported, Kwack says. Investments at the plant, which includes a smart TV production line, are about USD 170 mn. Kwak also added that, overall, LG is looking to increase exports from Egypt to USD 250 mn from USD 150 mn in 2016. He told <a href=\"http:\/\/www.almalnews.com\/Story\/337785\/17\/%D8%B9%D8%A7%D8%AC%D9%84---250-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D9%85%D8%B3%D8%AA%D9%87%D8%AF%D9%81%D8%A9-%D9%84%D9%80-%D8%A5%D9%84-%D8%AC%D9%89-%D9%85%D8%B5%D8%B1%E2%80%8E-\">Al Mal<\/a> the company is targeting export markets in the UAE, Saudi Arabia, Iraq, and North Africa.<\/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=\"646726\" 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=\"646726\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/mountain-view-targets-egp-1-5-bn-in-sales-from-first-phase-of-icity-october\/\">\r\n                            Mountain View targets EGP 1.5 bn in sales from first phase of iCity October                        <\/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\/21\/mountain-view-targets-egp-1-5-bn-in-sales-from-first-phase-of-icity-october\/\" 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\/21\/mountain-view-targets-egp-1-5-bn-in-sales-from-first-phase-of-icity-october\/')\">\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\/21\/mountain-view-targets-egp-1-5-bn-in-sales-from-first-phase-of-icity-october\/\">\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=Mountain View targets EGP 1.5 bn in sales from first phase of iCity October&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/mountain-view-targets-egp-1-5-bn-in-sales-from-first-phase-of-icity-october\/\">\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\/21\/mountain-view-targets-egp-1-5-bn-in-sales-from-first-phase-of-icity-october\/&title=Mountain View targets EGP 1.5 bn in sales from first phase of iCity October\">\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=Mountain+View+targets+EGP+1.5+bn+in+sales+from+first+phase+of+iCity+October+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fmountain-view-targets-egp-1-5-bn-in-sales-from-first-phase-of-icity-october%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\/21\/mountain-view-targets-egp-1-5-bn-in-sales-from-first-phase-of-icity-october\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646726\" class=\"content-area-description single-story post-646726 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Mountain View is targeting EGP 1.5 bn in sales from the first phase of its EGP 50 bn project iCity in Sixth of October, which was launched last month, chairman Amr Soliman tells <a href=\"https:\/\/alborsanews.com\/2017\/06\/20\/1033432\">Al Borsa<\/a>. Mountain View generated EGP 4 bn in sales from the first and second phase of iCity in New Cairo. Mountain View invested EGP 50 bn in the iCity development and the project is a partnership with the Housing Ministry, which has a 40% stake in it, Soliman says.<\/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\/real-estate-housing\/\">Real Estate + Housing<\/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=\"646727\" 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=\"646727\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/movenpick-to-manage-another-hotel-in-ain-sokhna\/\">\r\n                            M\u00f6venpick to manage another hotel in Ain Sokhna                        <\/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\/21\/movenpick-to-manage-another-hotel-in-ain-sokhna\/\" 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\/21\/movenpick-to-manage-another-hotel-in-ain-sokhna\/')\">\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\/21\/movenpick-to-manage-another-hotel-in-ain-sokhna\/\">\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=M\u00f6venpick to manage another hotel in Ain Sokhna&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/movenpick-to-manage-another-hotel-in-ain-sokhna\/\">\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\/21\/movenpick-to-manage-another-hotel-in-ain-sokhna\/&title=M\u00f6venpick to manage another hotel in Ain Sokhna\">\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=M%C3%B6venpick+to+manage+another+hotel+in+Ain+Sokhna+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fmovenpick-to-manage-another-hotel-in-ain-sokhna%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\/21\/movenpick-to-manage-another-hotel-in-ain-sokhna\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646727\" class=\"content-area-description single-story post-646727 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>M\u00f6venpick Hotels & Resorts signed an agreement with Galalah Company for Touristic Investments to manage a 214-key hotel in Ain Sokhna, according to <a href=\"https:\/\/www.incentivetravel.co.uk\/news\/hotel\/40126-moevenpick-hotels-resorts-cements-its-stronghold-in-egypt-with-new-resort-signed-in-prime-golf-destination\">Incentive Travel & Corporate Meetings<\/a>. M\u00f6venpick Hotel El Ein Bay will be the company's second in Ain Sokhna and is set to open in 2020. The hotel manager\u2019s first property in the area, M\u00f6venpick Resort El Sokhna, is owned by an affiliate of Galalah\u2019s.<\/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\/tourism\/\">tourism<\/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=\"646728\" 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=\"646728\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/egypt-receives-largest-multi-purpose-supply-vessel-in-the-middle-east\/\">\r\n                            Egypt receives largest multi-purpose supply vessel in the Middle East                        <\/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\/21\/egypt-receives-largest-multi-purpose-supply-vessel-in-the-middle-east\/\" 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\/21\/egypt-receives-largest-multi-purpose-supply-vessel-in-the-middle-east\/')\">\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\/21\/egypt-receives-largest-multi-purpose-supply-vessel-in-the-middle-east\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt receives largest multi-purpose supply vessel in the Middle East&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/egypt-receives-largest-multi-purpose-supply-vessel-in-the-middle-east\/\">\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\/21\/egypt-receives-largest-multi-purpose-supply-vessel-in-the-middle-east\/&title=Egypt receives largest multi-purpose supply vessel in the Middle East\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+receives+largest+multi-purpose+supply+vessel+in+the+Middle+East+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fegypt-receives-largest-multi-purpose-supply-vessel-in-the-middle-east%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\/21\/egypt-receives-largest-multi-purpose-supply-vessel-in-the-middle-east\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646728\" class=\"content-area-description single-story post-646728 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt has received the largest multi-purpose supply vessel in the Middle East which will be deployed to work on new gas discoveries in the Mediterranean, said Suez Canal Economic Zone Chairman Mohab Mamish at the flag-hoisting ceremony. The ship, which was built by China\u2019s Guangzhou Wenchong Shipyard, comes as part of an effort to reduce dependence on foreign companies in transporting from offshore discoveries, <a href=\"http:\/\/news.xinhuanet.com\/english\/2017-06\/21\/c_136381727.htm\">according to China\u2019s Xinhua<\/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\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"646729\" 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=\"646729\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/suez-canal-revenues-up-to-usd-427-9-mn-in-may\/\">\r\n                            Suez Canal revenues up to USD 427.9 mn in May                        <\/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\/21\/suez-canal-revenues-up-to-usd-427-9-mn-in-may\/\" 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\/21\/suez-canal-revenues-up-to-usd-427-9-mn-in-may\/')\">\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\/21\/suez-canal-revenues-up-to-usd-427-9-mn-in-may\/\">\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=Suez Canal revenues up to USD 427.9 mn in May&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/suez-canal-revenues-up-to-usd-427-9-mn-in-may\/\">\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\/21\/suez-canal-revenues-up-to-usd-427-9-mn-in-may\/&title=Suez Canal revenues up to USD 427.9 mn in May\">\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=Suez+Canal+revenues+up+to+USD+427.9+mn+in+May+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fsuez-canal-revenues-up-to-usd-427-9-mn-in-may%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\/21\/suez-canal-revenues-up-to-usd-427-9-mn-in-may\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646729\" class=\"content-area-description single-story post-646729 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Suez Canal revenues increased to USD 439.8 mn in May from USD 427.9 mn in April, <a href=\"http:\/\/af.reuters.com\/article\/investingNews\/idAFKBN19B0RW-OZABS\">Reuters<\/a> reports, citing a cabinet statement. The Suez Canal <a href=\"http:\/\/www.cbe.org.eg\/Highlights%20Documents\/Press%20relase%20July%20March%202016-17.pdf\">generated<\/a> USD 3.72 bn in the first three quarters of FY 2016-17.<\/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-politics-economics\/\">Egypt Politics + Economics<\/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=\"646730\" 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=\"646730\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/expect-to-hear-of-mohamed-salahs-transfer-to-liverpool-this-week\/\">\r\n                            Expect to hear of Mohamed Salah\u2019s transfer to Liverpool this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/expect-to-hear-of-mohamed-salahs-transfer-to-liverpool-this-week\/\" 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\/21\/expect-to-hear-of-mohamed-salahs-transfer-to-liverpool-this-week\/')\">\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\/21\/expect-to-hear-of-mohamed-salahs-transfer-to-liverpool-this-week\/\">\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=Expect to hear of Mohamed Salah\u2019s transfer to Liverpool this week&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/expect-to-hear-of-mohamed-salahs-transfer-to-liverpool-this-week\/\">\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\/21\/expect-to-hear-of-mohamed-salahs-transfer-to-liverpool-this-week\/&title=Expect to hear of Mohamed Salah\u2019s transfer to Liverpool this week\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Expect+to+hear+of+Mohamed+Salah%E2%80%99s+transfer+to+Liverpool+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Fexpect-to-hear-of-mohamed-salahs-transfer-to-liverpool-this-week%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\/21\/expect-to-hear-of-mohamed-salahs-transfer-to-liverpool-this-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646730\" class=\"content-area-description single-story post-646730 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>It appears we can expect to hear an official announcement on Mohamed Salah\u2019s GBP 35 mn transfer to Liverpool from Roma. After almost a month of speculation, reports over the past few weeks suggest that a transfer had been finalized with the Egyptian striker set to rake in GBP 90,000 a week. Salah apparently arrived to the UK yesterday and will undergo a physical examination before the announcement. <a href=\"http:\/\/www.liverpoolecho.co.uk\/sport\/football\/football-news\/mohamed-salah-keen-liverpool-number-13212805\">Liverpool Echo<\/a> suggests he might be donning the number 9 shirt when he gets to Anfield.<\/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=\"646731\" 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=\"646731\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/road-accidents-in-2016-increased-1-1-capmas\/\">\r\n                            Road accidents in 2016 increased 1.1% -CAPMAS                        <\/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\/21\/road-accidents-in-2016-increased-1-1-capmas\/\" 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\/21\/road-accidents-in-2016-increased-1-1-capmas\/')\">\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\/21\/road-accidents-in-2016-increased-1-1-capmas\/\">\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=Road accidents in 2016 increased 1.1% -CAPMAS&url=https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/road-accidents-in-2016-increased-1-1-capmas\/\">\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\/21\/road-accidents-in-2016-increased-1-1-capmas\/&title=Road accidents in 2016 increased 1.1% -CAPMAS\">\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=Road+accidents+in+2016+increased+1.1%25+-CAPMAS+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F06%2F21%2Froad-accidents-in-2016-increased-1-1-capmas%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\/21\/road-accidents-in-2016-increased-1-1-capmas\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646731\" class=\"content-area-description single-story post-646731 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The total number of road accidents in Egypt during 2016 rose 1.1%<\/strong> to 14,710, up from 14,548 in 2015, according to a report from the Central Agency for Public Mobilization and Statistics (CAPMAS) <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1150960\">cited by Al Masry Al Youm<\/a>. (We\u2019re not entirely certain that CAPMAS didn\u2019t forget a \u2018000 at the end of those last two figures.) The state-run statistics agency says More than 5,300 died and nearly 19,000 were injured in those accidents. Seventy-two percent of accidents, it says, were due to human error.<\/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=\"646733\" 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=\"646733\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">19<\/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\/21\/by-the-numbers-40\/\">\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\/21\/by-the-numbers-40\/\" 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\/21\/by-the-numbers-40\/')\">\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\/21\/by-the-numbers-40\/\">\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\/21\/by-the-numbers-40\/\">\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\/21\/by-the-numbers-40\/&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%2F21%2Fby-the-numbers-40%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\/21\/by-the-numbers-40\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646733\" class=\"content-area-description single-story post-646733 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 18.0450 | Sell 18.1444<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> (Tuesday): 13,415 (-0.7%)<br \/>\n <strong>Turnover:<\/strong> EGP 521 mn<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +8.6%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session down 0.7%. CIB, the index heaviest constituent ended almost flat. EGX30\u2019s top performing constituents were: Egyptian Iron & Steel up 2.2%, Orascom Construction up 1.4%, and Ezz Steel up 1.2%. Yesterday\u2019s worst performing stocks were: Orascom Telecom Media & Technology down 12.5%, Eastern Co down 4.8%, and Amer Group down 2.6%. The market turnover was EGP 521 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -103.5 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +7.8 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +95.7 mn<\/p>\n<p><strong>Retail<\/strong>: 63.6% of total trades | 65.7% of buyers | 61.5% of sellers<br \/>\n <strong>Institutions<\/strong>: 36.4% of total trades | 34.3% of buyers | 38.5% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 21.7% of total | 12.5% of buyers | 30.9% of sellers<br \/>\n <strong>Regional:<\/strong> 10.2% of total | 10.9% of buyers | 9.5% of sellers<br \/>\n <strong>Domestic:<\/strong> 68.1% of total | 76.6% of buyers | 59.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 43.48 (-0.07%)<br \/>\n <strong>Brent:<\/strong> USD 45.91 (-0.24%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.90 MMBtu, (-0.34%, July 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,246.20 \/ troy ounce (+0.22%)<\/p>\n<p><strong>TASI:<\/strong> 6,952.67 (-1.33%) (YTD: -3.57%)<br \/>\n <strong>ADX:<\/strong> 4,455.73 (-0.79%) (YTD: -1.99%)<br \/>\n <strong>DFM:<\/strong> 3,452.10 (-0.18%) (YTD: -2.23%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 407.79 (-0.03%) (YTD: +7.29%)<br \/>\n <strong>QE:<\/strong> 8.934.37 (-1.49%) (YTD: -14.40%)<br \/>\n <strong>MSM:<\/strong> 5,195.12 (-0.49%) (YTD: -10.16%)<br \/>\n <strong>BB: <\/strong>1,319.19 (+0.20%) (YTD: +8.09%)<\/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=\"646734\" 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\/21\/646734\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-646734\" class=\"content-area-description single-story post-646734 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":646691,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-646690","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4ee06867-5a23-4ed9-b147-d626c1db5c19","teaser":"","photo_url":"https:\/\/ent.news\/2017\/6\/1044.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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