{"id":647069,"date":"2017-05-02T04:00:44","date_gmt":"2017-05-02T04:00:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=647069"},"modified":"2025-12-17T20:43:21","modified_gmt":"2025-12-17T20:43:21","slug":"look-busy-the-imf-delegation-has-arrived","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/look-busy-the-imf-delegation-has-arrived\/","title":{"rendered":"Look busy \u2014 the IMF delegation has arrived"},"content":{"rendered":"<section id=\"647071\" 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=\"647071\">\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\/05\/02\/what-were-tracking-on-2-may-2017\/\">\r\n                            What we\u2019re tracking on 2 May 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\/05\/02\/what-were-tracking-on-2-may-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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And because today is also the second day of May, we have a ream of economic and industry data to which to look forward over the coming week, including the Markit \/ Emirates NBD Egypt, UAE and Saudi <strong>purchasing managers\u2019 indexes<\/strong> (all of which will be <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">posted here tomorrow<\/a> at 6:15am) and the Central Bank of Egypt\u2019s <strong>reserves figures<\/strong>.<\/p><p>Also this month: The Central Bank of Egypt\u2019s <a href=\"http:\/\/www.cbe.org.eg\/en\/MonetaryPolicy\/Pages\/MPCMeetingSchedule.aspx\"><strong>monetary policy committee<\/strong><\/a> will hold a rare Sunday meeting when it gathers on 21 May to review interest rates ahead of Ramadan. The meeting <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/01\/1016966\">was reportedly pushed forward<\/a> from 18 May as CBE Governor Tarek Amer is scheduled to attend an annual gathering of central bankers from francophone countries.<\/p><p><strong>Be on your best behavior this morning, ladies and gentlemen: <\/strong><a href=\"https:\/\/www.bloomberg.com\/politics\/articles\/2017-04-30\/imf-mission-starts-talks-in-egypt-amid-interest-rates-debate\"><strong>The IMF arrived in town <\/strong><strong>on Sunday<\/strong><\/a><strong>.<\/strong> The delegation, here until 11 May, is benchmarking the Ismail government\u2019s progress on the economic reform program to which it agreed as a condition of a USD 12 bn IMF bailout. The IMF team met yesterday with Deputy Finance Minister Ahmed Kouchouk, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1127082\">AMAY reports<\/a>, and inflation weighed heavily in the talks. The officials, who will recommend whether or not the IMF disburses the second tranche (USD 1.25 bn) of its USD 12 bn facility, will be meeting with Finance Minister Amr El Garhy today to talk about upcoming legislative reforms as well as Central Bank Governor Tarek Amer, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=332030\">according to Al Mal<\/a>. A sit-down with Deputy Finance Minister Amr El Monayer on tax reforms is set to happen on Wednesday, the newspaper adds. Subsidy cuts, budget deficit, curbing inflation, and legislative reforms are among the top items on the agenda, according to <a href=\"http:\/\/www.ahram.org.eg\/News\/202251\/5\/592098\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/%D8%A8%D8%B9%D8%AB%D8%A9-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%89-%D9%81%D9%89-%D8%A3%D9%88%D9%84-%D8%A3%D9%8A%D8%A7%D9%85-%D8%B9%D9%85%D9%84%D9%87%D8%A7-%D8%A8%D9%85%D8%B5%D8%B1--%D8%A8%D8%AD.aspx\">Al Ahram<\/a>.<\/p><p><strong>The acquisition of Barclays Bank by Attijariwafa hasn\u2019t been finalized<\/strong>, we\u2019re told. A source close to the transaction tells us that media reports to the contrary are wrong. The transaction was <a href=\"https:\/\/enterprise.press\/stories\/2016\/10\/05\/attijariwafa-acquires-barclays-egypt\/\">announced in October 2016<\/a>; some claimed at the time that it was due to <a href=\"https:\/\/enterprise.press\/stories\/2016\/10\/31\/attijariwafa-acquisition-of-barclays-to-be-completed-before-year-end\/\">close by year\u2019s end<\/a>, which struck us as ambitious. Another source tells us we can expect an announcement in a week or so that the transaction has been executed.<\/p><p><strong>Shares of Apple surged to an all-time high yesterday<\/strong>, the <a href=\"https:\/\/www.ft.com\/content\/0899f5c8-2e83-11e7-9555-23ef563ecf9a\">Financial Times<\/a> reports, ahead of the company\u2019s earnings release and analyst call, both scheduled for today. More on that last bit on <a href=\"http:\/\/investor.apple.com\/\">Apple\u2019s investor relations website<\/a>. The WSJ, meanwhile, is speculating that Apple will report its cash pile has grown to USD 250 bn, which it says will \u201cratchet up pressure on the tech giant to dole out more money to shareholders or make splashy acquisitions.\u201d<\/p><p><strong>Sound smart this morning: Apple has more cash than Canada has foreign currency <\/strong><strong>reserves. <\/strong>Or as the WSJ puts it, the tech giant\u2019s cash hoard is \u201cgreater than the market value of either Wal-Mart Stores Inc. or Procter &amp; Gamble Co. and exceeds the foreign-currency reserves held by the U.K. and Canada combined.\u201d<\/p><p><strong>The US has issued a travel alert for Europe, citing an elevated threat of a terrorist <\/strong><strong>attack<\/strong>, <a href=\"http:\/\/www.reuters.com\/article\/us-usa-europe-alert-attacks-idUSKBN17X2CV\">Reuters reports<\/a> this morning, and \u201csaying U.S. citizens should be aware of a continued threat of terrorist attacks throughout the continent.\u201d <a href=\"https:\/\/travel.state.gov\/content\/passports\/en\/alertswarnings\/Europe.html\">You can read the warning for yourself here<\/a>.<\/p><p><strong>Dubai has created its own font. <\/strong>How quaint. The <a href=\"https:\/\/www.nytimes.com\/2017\/04\/30\/world\/middleeast\/dubai-introduces-its-own-font-lauding-free-expression-it-does-not-permit.html\">New York Times<\/a> has more.<\/p><p><strong>PUBLIC SERVICE ANNOUNCEMENT <\/strong>from the crotchety oldsters at Enterprise:<\/p><p>Hiii\u2026 [Send]<\/p><p>Old people like us [Send]<\/p><p>really don\u2019t appreciate it [Send]<\/p><p>when you break our concentration into a mn pieces [Send]<\/p><p>by sending WhatsApp \/ Messenger \/ iMessage \/ Gchats [Send]<\/p><p>or whatever [Send]<\/p><p>Line [Send]<\/p><p>By [Send]<\/p><p>Freakin\u2019 [Send]<\/p><p>Line. [Send]<\/p><p>It\u2019s distracting. And the act of hitting send, then making us wait \u2014 interminably \u2014 while you bash out the next word \/ line \/ fragment is frankly not polite. Say it in a single paragraph. Or say it in multiple paragraphs <strong><em>in a single message<\/em><\/strong> separated by \u2014 brace for it \u2014 line breaks.<\/p><p>Oh, and <strong>it\u2019s still not okay to start emails with \u201cDears\u2026\u201d<\/strong><\/p><p>That is all.<\/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=\"647072\" 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                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-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\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n  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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/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-ct5ev3f\" data-v=\"4\" data-block-id=\"ct5ev3f\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ct5ev3f-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ct5ev3f-inner-blocks\">\r\n            <div 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class=\"stk-block-content stk-inner-blocks stk-hrorjfe-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-4z84bdi\" data-v=\"4\" data-block-id=\"4z84bdi\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-4z84bdi-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-4z84bdi-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=\"647073\" 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=\"647073\">\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\">ON THE HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/on-the-horizon-209\/\">\r\n                            On the horizon                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/on-the-horizon-209\/\" 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 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                  \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/on-the-horizon-209\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647073\" class=\"content-area-description single-story post-647073 post type-post status-publish format-standard hentry category-on-the-horizon tag-enterpriseam tag-on-the-horizon wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt expects to receive its first 2 mn bbl shipment of crude oil from Iraq on 12 May<\/strong>, Oil Minister <a href=\"http:\/\/www.youm7.com\/story\/2017\/5\/1\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D8%B3%D9%84%D9%85-%D8%A3%D9%88%D9%84-%D9%85%D9%84%D9%8A%D9%88%D9%86%D9%89-%D8%A8%D8%B1%D9%85%D9%8A%D9%84-%D9%86%D9%81%D8%B7-%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82\/3213613\">Tarek El Molla tells Youm7<\/a>. According to the minister, the one-year agreement will see Iraq sending 2 mn bbl every second month for a total of 12 mn bbl.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-horizon\/\">ON THE HORIZON<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647074\" 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=\"647074\">\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\/05\/02\/el-sisi-has-a-chat-with-amr-adib\/\">\r\n                            El Sisi has a chat with Amr Adib                        <\/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\/05\/02\/el-sisi-has-a-chat-with-amr-adib\/\" 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\/05\/02\/el-sisi-has-a-chat-with-amr-adib\/')\">\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\/05\/02\/el-sisi-has-a-chat-with-amr-adib\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi has a chat with Amr Adib&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/el-sisi-has-a-chat-with-amr-adib\/\">\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\/05\/02\/el-sisi-has-a-chat-with-amr-adib\/&title=El Sisi has a chat with Amr Adib\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+has+a+chat+with+Amr+Adib+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fel-sisi-has-a-chat-with-amr-adib%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\/05\/02\/el-sisi-has-a-chat-with-amr-adib\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647074\" class=\"content-area-description single-story post-647074 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><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>President Abdel Fattah El Sisi\u2019s call-in to Kol Youm\u2019s Amr Adib was the highlight of <\/strong><strong>the night on the airwaves. <\/strong>The call centered mostly around the rehabilitation and development of Egypt\u2019s most impoverished neighborhoods and villages (<a href=\"https:\/\/www.youtube.com\/watch?v=YUjlCeKIB2M\">watch<\/a>, runtime 7:18).<\/p>\n<p>El Sisi said that the government plans to complete work on 180k residential units by 30 June next year to relocate the citizens of these areas, where infrastructure is severely underdeveloped and population density is significantly above average. <strong>El Sisi also urged banks to also include these types of development initiatives to their CSR programs.<\/strong> The administration is also starting to take steps to keep population growth in check, the president said (<a href=\"https:\/\/www.youtube.com\/watch?v=zF6es2nllTI\">watch<\/a>, runtime: 16:35).<\/p>\n<p><strong>Adib also spoke to the head of the Armed Forces\u2019 Engineering Authority Kamil El <\/strong><strong>Wazir,<\/strong> who told the host that he allocated EGP 1 bn to 78 of Egypt\u2019s neediest villages, mainly for work on infrastructure development (<a href=\"https:\/\/www.youtube.com\/watch?v=MjYd-tDdslg\">watch,<\/a> runtime 11:47).<\/p>\n<p>On Hona Al Asema, <strong>Lamees Al Hadidi spoke to Egypt\u2019s ambassador to Germany<\/strong>, Badr Abdel Aaty, about the German government launching an investigation into the <a href=\"https:\/\/egyptianstreets.com\/2017\/04\/28\/go-back-to-your-country-egyptian-student-killed-in-racist-germany-car-attack\/\">death of 22-year-old Egyptian student Shaden Mohamed El Gohary in a car accident<\/a>. There are persistent reports that the woman\u2019s death not an accident, but a hate crime (<a href=\"https:\/\/www.youtube.com\/watch?v=N0im419gXBE\">watch<\/a>, runtime 11:53).<\/p>\n<p><strong>The \u2018citizenship-for-sale\u2019 debate will erupt in 5, 4, 3\u2026 <\/strong>Lamees then moved on to discuss draft legislation before the House suggesting that residents who have been in the country for more than five years could obtain Egyptian citizenship in return for making a substantial deposit an Egyptian bank. MP Alaa Abdel Moneim phoned in to discuss his concerns about the proposed law, which he said would compromise the notion of Egyptian identity (<a href=\"https:\/\/www.youtube.com\/watch?v=njxR-q6rWgE\">watch<\/a>, runtime 4:33).<\/p>\n<p>Over on Al Hayah Al Youm, <strong>Deputy Finance Mohamed Maait told host Lobna Asal that <\/strong><strong>the country has already survived the most challenging parts of the economic reform program<\/strong>. He added as well that GDP growth ideally needs to stand somewhere between 7-8% if Egypt\u2019s population growth remain at 2.6% (<a href=\"https:\/\/www.youtube.com\/watch?v=HlQqxLMS1mM\">watch<\/a>, runtime: 538).<\/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=\"647075\" 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=\"647075\">\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\/05\/02\/imf-outlook-on-egypt-remains-positive-but-still-a-long-way-to-go-leak-of-latest-report-says\/\">\r\n                            IMF outlook on Egypt remains positive, but still a long way to go, leak of latest report says                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/imf-outlook-on-egypt-remains-positive-but-still-a-long-way-to-go-leak-of-latest-report-says\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/imf-outlook-on-egypt-remains-positive-but-still-a-long-way-to-go-leak-of-latest-report-says\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/imf-outlook-on-egypt-remains-positive-but-still-a-long-way-to-go-leak-of-latest-report-says\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=IMF outlook on Egypt remains positive, but still a long way to go, leak of latest report says&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/imf-outlook-on-egypt-remains-positive-but-still-a-long-way-to-go-leak-of-latest-report-says\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/imf-outlook-on-egypt-remains-positive-but-still-a-long-way-to-go-leak-of-latest-report-says\/&title=IMF outlook on Egypt remains positive, but still a long way to go, leak of latest report says\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=IMF+outlook+on+Egypt+remains+positive%2C+but+still+a+long+way+to+go%2C+leak+of+latest+report+says+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fimf-outlook-on-egypt-remains-positive-but-still-a-long-way-to-go-leak-of-latest-report-says%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/imf-outlook-on-egypt-remains-positive-but-still-a-long-way-to-go-leak-of-latest-report-says\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647075\" class=\"content-area-description single-story post-647075 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-01\"><\/a> <strong>Egypt has made significant progress on the economic front but still has a long way to<\/strong><strong>go,<\/strong> the IMF will say today in its Regional Economic Outlook on the Middle East and Central Asia report, <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/02\/1016933\">Al Borsa reports<\/a> based on what it says is a leaked copy of the report due to be released at 8:00am today. <strong>Egypt needs to bolster its reserve ratio<\/strong> to be better equipped to handle its current economic challenges, but more importantly, the government needs to come up with <strong>a strategy to fight inflation, which crossed the 30% barrier earlier this year<\/strong>, the report will allegedly say.<\/p>\n<p><strong>IMF sees inflation averaging 24.8% this year, up from previous forecast of 22%:<\/strong>Planned legislative and fiscal reforms are expected to put downward pressure on inflation, but the IMF is now predicting we\u2019ll see an average of 24.8% this year, up from its previous estimate of 22%. The institution sees inflation <strong>cooling to 11.6% in 2018<\/strong>. Central bank interest rates are one way to fight inflation, but a more restrictive fiscal policy might affect loan growth this year, the report warns.<\/p>\n<p><strong>Oil prices are a double-edged sword: <\/strong>Expected increases in global crude oil prices might also make it difficult for the government to maintain its high rate of spending on further development as well as subsidies. Oil imports are also expected to increase by 30% this year compared to the previous one, the report states, warning that further increases might lead to greater austerity measures. On the other hand, higher oil prices worldwide might increase foreign currency inflows through remittances and foreign investment.<\/p>\n<p><strong>Exports growing: <\/strong>Revenues from exported goods and services are expected to reach USD 39.1 bn this year and grow to USD 43.9 bn next year, while imports are expected to stand at USD 69.9 bn and grow to USD 72.8 bn next year. The country\u2019s current deficit is also seen shrinking to 5.3% from 5.6% last year, before falling to 3.9% next year.<\/p>\n<p><strong>Enhance competition: <\/strong>Egypt has also taken great strides on the structural reforms and infrastructure development front, but needs to place more emphasis on encouraging healthy competition.<\/p>\n<p><strong>The full IMF report will be available for download <\/strong><a href=\"http:\/\/www.imf.org\/en\/Publications\/REO\/MECA\/Issues\/2017\/04\/18\/mreo0517\"><strong>here<\/strong><\/a>at 8am CLT (10am Dubai time) today.<\/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=\"647088\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647089\" 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=\"647089\">\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\">EGYPT HOLIDAY PHOTO OF THE DAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/the-sand-dunes-of-the-siwa-oasis\/\">\r\n                            The sand dunes of the Siwa Oasis                        <\/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\/05\/02\/the-sand-dunes-of-the-siwa-oasis\/\" 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\/05\/02\/the-sand-dunes-of-the-siwa-oasis\/')\">\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\/05\/02\/the-sand-dunes-of-the-siwa-oasis\/\">\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=The sand dunes of the Siwa Oasis&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/the-sand-dunes-of-the-siwa-oasis\/\">\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\/05\/02\/the-sand-dunes-of-the-siwa-oasis\/&title=The sand dunes of the Siwa Oasis\">\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=The+sand+dunes+of+the+Siwa+Oasis+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fthe-sand-dunes-of-the-siwa-oasis%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\/05\/02\/the-sand-dunes-of-the-siwa-oasis\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/4\/1311.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"647090\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/the-sand-dunes-of-the-siwa-oasis\/1311-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/4\/1311.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1311.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/4\/1311.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/4\/1311.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647089\" class=\"content-area-description single-story post-647089 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-holiday-photo-of-the-day tag-egypt-holiday-photo-of-the-day tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Today\u2019s Egypt Holiday Photo of the Day is of the sand dunes surrounding the Siwa <\/strong><strong>Oasis. <\/strong>Pristine dunes surround Siwa Oasis, one of Egypt\u2019s most isolated settlements with only about 23,000 Berbers living in the area who developed a unique culture and distinct language called Siwi. The image was shot for CIB\u2019s 2016 Annual Report (<a href=\"http:\/\/annualreport2016.cibeg.com\/\">microsite<\/a> and <a href=\"http:\/\/annualreport2016.cibeg.com\/CIBAnnualReport.pdf\">print edition<\/a>) by Zeina Abaza at <a href=\"http:\/\/inktankcommunications.com\/\">Inktank Communications<\/a>, which has produced the bank\u2019s annual report for the past eight years.<\/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-holiday-photo-of-the-day\/\">Egypt Holiday Photo 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=\"647091\" 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=\"647091\">\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\/05\/02\/egypt-in-the-news-on-2-may-2017\/\">\r\n                            Egypt in the news on 2 May 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\/05\/02\/egypt-in-the-news-on-2-may-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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Wire services including <a href=\"http:\/\/www.reuters.com\/article\/us-egypt-violence-idUSKBN17Y033?il=0\">Reuters<\/a> and <a href=\"http:\/\/www.dailymail.co.uk\/wires\/afp\/article-4464418\/Gunmen-kill-three-Egypt-policemen-Cairo-gun-attack.html\">AFP<\/a> are covering the <strong>rare drive-by shooting in Cairo<\/strong> of three members of the police service, including two captains, so look for more pickups of this overnight story as the day wears on.<\/p>\n<p><strong>Also getting attention:<\/strong> UN High Commissioner for Human Rights says Egypt\u2019s \u201c<strong>heavy-handed security measures<\/strong> \u2026 were fostering the very radicalisation it was looking to curb,\u201d <a href=\"http:\/\/www.reuters.com\/article\/us-egypt-rights-un-idUSKBN17X1MI\">Reuters reports<\/a>.<\/p>\n<p><strong>Pope Francis\u2019 visit to Egypt is also getting the last bit of coverage this morning<\/strong>, including <a href=\"http:\/\/www.ncregister.com\/daily-news\/voices-and-images-from-pope-francis-trip-to-egypt\">images of the papal trip and input from various attendees<\/a> of the pope\u2019s homily at the Air Defense Stadium on Saturday. <a href=\"http:\/\/en.radiovaticana.va\/news\/2017\/04\/30\/pope_francis_in-flight_presser_after_egypt_visit\/1309231\">Vatican Radio<\/a> also has the full text of the pontiff\u2019s presser on board his flight back to Rome, during which he touched on concerns about voicing his support for the Egyptian government, among other topics.<\/p>\n<p><strong>Pope Francis\u2019 visit to Egypt has the possibility to go down as an important<\/strong><strong> historic moment<\/strong>, John L Allen Jr writes in <a href=\"https:\/\/cruxnow.com\/pope-francis-in-egypt\/2017\/04\/30\/popes-trip-egypt-may-one-big-deal-moments\/\">Crux<\/a>. Allen says \u201cperhaps what Pope Francis\u2019s brief outing to Egypt captured was the collision of one of the most important Muslim nations in the world ready to draw a line against fanaticism, and the single Christian leader in the world most capable of helping them pull it off.\u201d <a href=\"http:\/\/thehill.com\/blogs\/blog-briefing-room\/news\/331273-pope-francis-delivers-message-of-peace-in-egypt\">The Hill<\/a> says the Pope\u2019s visit delivered a message of peace in Egypt.<\/p>\n<p><strong>\u2026The Pope\u2019s visit defies all critics, Basma Elbaz writes in <\/strong><a href=\"http:\/\/www.huffingtonpost.com\/entry\/pope-franciss-visit-to-egypt-defies-all-critics_us_59050acae4b084f59b49f9b2\"><strong>the Huffington Post<\/strong><\/a><strong>.<\/strong> She says the visit \u201cwas full of positive signs and it represented a victory on different fronts, not only on the front of mending ties with the Muslim world \u2013 especially that it suffered tensions during Benedict years - but also on the front of ecumenism. He sent a message of hope and peace to Muslims and Christians alike.\u201d However, <strong>Robert Fisk was less optimistic in his piece for <\/strong><a href=\"http:\/\/www.independent.co.uk\/voices\/egypt-pope-francis-isis-coptic-christians-problems-run-deep-a7710121.html\"><strong>The Independent<\/strong><\/a>, in which he writes that Christians face deeper challenges than the Daesh attacks. He says Christians in Egypt have needed the regime to protect them, but this has led to them becoming \u201cassociated with the regime itself.\u201d<\/p>\n<p>Other coverage worth a skim:<\/p>\n<ul type=\"disc\">\n<li><a href=\"https:\/\/www.amnesty.org\/en\/latest\/news\/2017\/04\/egypt-relentless-assault-on-rights-of-workers-and-trade-unionists\/\">Amnesty International<\/a> says Egyptian workers and trade unionists have been faced with a punitive campaign to deter and punish them from mobilizing or going on strike. <\/li>\n<li>Some of the Israelis who were expelled from Sinai following the signing of the peace agreement with Egypt are asking the Israeli government to recognize and remember them, reports <a href=\"http:\/\/www.israelnationalnews.com\/News\/News.aspx\/228814\">Arutz Sheva<\/a>. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"647092\" 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=\"647092\">\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\/05\/02\/how-did-egypts-pharma-production-fall-from-such-great-heights\/\">\r\n                            How did Egypt\u2019s pharma production fall from such great heights?                        <\/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\/05\/02\/how-did-egypts-pharma-production-fall-from-such-great-heights\/\" 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\/05\/02\/how-did-egypts-pharma-production-fall-from-such-great-heights\/')\">\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\/05\/02\/how-did-egypts-pharma-production-fall-from-such-great-heights\/\">\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=How did Egypt\u2019s pharma production fall from such great heights?&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/how-did-egypts-pharma-production-fall-from-such-great-heights\/\">\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\/05\/02\/how-did-egypts-pharma-production-fall-from-such-great-heights\/&title=How did Egypt\u2019s pharma production fall from such great heights?\">\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=How+did+Egypt%E2%80%99s+pharma+production+fall+from+such+great+heights%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fhow-did-egypts-pharma-production-fall-from-such-great-heights%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\/05\/02\/how-did-egypts-pharma-production-fall-from-such-great-heights\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647092\" class=\"content-area-description single-story post-647092 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>How did Egypt\u2019s pharma production fall from such great heights?<\/strong> In the 1960s and 1970s, pharma production in Egypt was on the rise in both quality and quantity as pioneers in the industry actively sought to develop the country\u2019s know-how, which stands in stark contrast with contemporary practices, Nahed Youssef writes in a <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=29042017&id=4699c82e-ab22-4979-aabd-2114bafe6702\">column penned for Al Shorouk<\/a>. The decline was put in motion by Sadat\u2019s economic policies, and was carried through by successive governments over the course of 50 years. Youssef says that Egypt has enough resources \u2014 in terms of a labor force, factories, and available capital \u2014 and simply needs the implementation of the correct policies to reverse the downward trend. Correct policies starting with a return to state socialism, Nasser style, right?<\/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=\"647093\" 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=\"647093\">\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\/05\/02\/egypt-coordinates-positions-with-palestinian-authority-before-abbas-meets-trump\/\">\r\n                            Egypt coordinates positions with Palestinian Authority before Abbas meets Trump                        <\/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\/05\/02\/egypt-coordinates-positions-with-palestinian-authority-before-abbas-meets-trump\/\" 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\/05\/02\/egypt-coordinates-positions-with-palestinian-authority-before-abbas-meets-trump\/')\">\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\/05\/02\/egypt-coordinates-positions-with-palestinian-authority-before-abbas-meets-trump\/\">\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 coordinates positions with Palestinian Authority before Abbas meets Trump&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/egypt-coordinates-positions-with-palestinian-authority-before-abbas-meets-trump\/\">\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\/05\/02\/egypt-coordinates-positions-with-palestinian-authority-before-abbas-meets-trump\/&title=Egypt coordinates positions with Palestinian Authority before Abbas meets Trump\">\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+coordinates+positions+with+Palestinian+Authority+before+Abbas+meets+Trump+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fegypt-coordinates-positions-with-palestinian-authority-before-abbas-meets-trump%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\/05\/02\/egypt-coordinates-positions-with-palestinian-authority-before-abbas-meets-trump\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647093\" class=\"content-area-description single-story post-647093 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>President Abdel Fattah El Sisi has urged the US to help restart negoti\u00adations between Israel and the \u00adPalestinians<\/strong>, saying it is \u201cimportant that the US returns to play an \u00adactive role in efforts to resume \u00adnegotiations between the Palestinians and Israel,\u201d according to <a href=\"http:\/\/www.theaustralian.com.au\/news\/world\/egypt-urges-us-to-revive-middle-east-peace-role\/news-story\/50dbe8602fcac3421dd47fc6decc68fa\">AFP<\/a>. This came as <strong>Egypt and the Palestinian Authority coordinated their positions<\/strong> in the meeting between El Sisi and Palestinian Authority President Mahmoud Abbas, <a href=\"http:\/\/www.jpost.com\/Arab-Israeli-Conflict\/Report-Egypt-PA-coordinate-positions-ahead-of-Abbas-Trump-meeting-489374\">JPost<\/a> reports. The meeting took place ahead of Abbas\u2019 planned meeting with US President Donald Trump in which a peace plan is likely to be presented. JPost says the peace plan \u201cwould outline an independent Palestinian state based on the pre-1967 borders with east Jerusalem as its capital.\u201d<\/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=\"647095\" 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=\"647095\">\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\/05\/02\/oc-fully-withdraws-from-fit-phase-two-projects\/\">\r\n                            OC fully withdraws from FiT phase two projects                        <\/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\/05\/02\/oc-fully-withdraws-from-fit-phase-two-projects\/\" 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\/05\/02\/oc-fully-withdraws-from-fit-phase-two-projects\/')\">\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\/05\/02\/oc-fully-withdraws-from-fit-phase-two-projects\/\">\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=OC fully withdraws from FiT phase two projects&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/oc-fully-withdraws-from-fit-phase-two-projects\/\">\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\/05\/02\/oc-fully-withdraws-from-fit-phase-two-projects\/&title=OC fully withdraws from FiT phase two projects\">\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=OC+fully+withdraws+from+FiT+phase+two+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Foc-fully-withdraws-from-fit-phase-two-projects%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\/05\/02\/oc-fully-withdraws-from-fit-phase-two-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647095\" class=\"content-area-description single-story post-647095 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>Orascom Construction (OC) has fully withdrawn from feed-in tariff phase two projects entirely, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=331901\">Al Mal<\/a> reports. Concessions Director Khaled El Degwy says the withdrawal is likely because the project is no longer financially feasible and that OC is ready to return the land it was allocated for a 50 MW solar power plant in Benban. The withdrawal is not because OC failed to secure funding, El Degwy says, as the company <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/30\/23-solar-companies-present-initial-funding-approval-letters-for-fit-projects\/\">has already presented<\/a> initial funding approval letters.<\/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=\"647099\" 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=\"647099\">\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\/05\/02\/aoi-to-develop-egp-700-mn-water-stations-in-ismailia\/\">\r\n                            AOI to develop EGP 700 mn water stations in Ismailia                        <\/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\/05\/02\/aoi-to-develop-egp-700-mn-water-stations-in-ismailia\/\" 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\/05\/02\/aoi-to-develop-egp-700-mn-water-stations-in-ismailia\/')\">\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\/05\/02\/aoi-to-develop-egp-700-mn-water-stations-in-ismailia\/\">\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=AOI to develop EGP 700 mn water stations in Ismailia&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/aoi-to-develop-egp-700-mn-water-stations-in-ismailia\/\">\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\/05\/02\/aoi-to-develop-egp-700-mn-water-stations-in-ismailia\/&title=AOI to develop EGP 700 mn water stations in Ismailia\">\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=AOI+to+develop+EGP+700+mn+water+stations+in+Ismailia+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Faoi-to-develop-egp-700-mn-water-stations-in-ismailia%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\/05\/02\/aoi-to-develop-egp-700-mn-water-stations-in-ismailia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647099\" class=\"content-area-description single-story post-647099 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 Arab Organization for Industrialization reached an agreement to develop two water stations in Ismailia at a total cost of EGP 700 mn, <a href=\"http:\/\/www.alborsanews.com\/2017\/04\/30\/1016717\">Al Borsa reports<\/a>. The stations are expected to be completed by the end of September.<\/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=\"647100\" 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=\"647100\">\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\/05\/02\/winvest-sells-majority-stake-in-seven-sky-for-egp-40-mn\/\">\r\n                            Winvest sells majority stake in Seven Sky for EGP 40 mn                        <\/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\/05\/02\/winvest-sells-majority-stake-in-seven-sky-for-egp-40-mn\/\" 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\/05\/02\/winvest-sells-majority-stake-in-seven-sky-for-egp-40-mn\/')\">\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\/05\/02\/winvest-sells-majority-stake-in-seven-sky-for-egp-40-mn\/\">\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=Winvest sells majority stake in Seven Sky for EGP 40 mn&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/winvest-sells-majority-stake-in-seven-sky-for-egp-40-mn\/\">\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\/05\/02\/winvest-sells-majority-stake-in-seven-sky-for-egp-40-mn\/&title=Winvest sells majority stake in Seven Sky for EGP 40 mn\">\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=Winvest+sells+majority+stake+in+Seven+Sky+for+EGP+40+mn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fwinvest-sells-majority-stake-in-seven-sky-for-egp-40-mn%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\/05\/02\/winvest-sells-majority-stake-in-seven-sky-for-egp-40-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647100\" class=\"content-area-description single-story post-647100 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Winvest Capital for Development and Investment (WCDI) has completed its exit from food producer <a href=\"http:\/\/www.sevensky-kenzy.com\/about.php\">Seven Sky<\/a>, the owner of the Kenzy brand, according to <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=331930\">Al Mal<\/a>. A consortium of businessmen, led by Seven Sky\u2019s Chairman Sherif Ghaly purchased WCDI\u2019s 51% stake for EGP 40 mn. WCDI had <a href=\"https:\/\/english.mubasher.info\/news\/2587806\/Winvest-raises-shareholding-in-Seven-Sky-to-51-\">increased<\/a> its stake in Seven Sky to 51% from 20% through a capital increase in 2014. The company says its return on investment since the capital increase was 25%.<\/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=\"647102\" 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=\"647102\">\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\/05\/02\/trade-ministry-to-launch-eight-industrial-complexes-in-upper-egypt-mid-may\/\">\r\n                            Trade Ministry to launch eight industrial complexes in Upper Egypt mid-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\/05\/02\/trade-ministry-to-launch-eight-industrial-complexes-in-upper-egypt-mid-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\/05\/02\/trade-ministry-to-launch-eight-industrial-complexes-in-upper-egypt-mid-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\/05\/02\/trade-ministry-to-launch-eight-industrial-complexes-in-upper-egypt-mid-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=Trade Ministry to launch eight industrial complexes in Upper Egypt mid-May&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/trade-ministry-to-launch-eight-industrial-complexes-in-upper-egypt-mid-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\/05\/02\/trade-ministry-to-launch-eight-industrial-complexes-in-upper-egypt-mid-may\/&title=Trade Ministry to launch eight industrial complexes in Upper Egypt mid-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=Trade+Ministry+to+launch+eight+industrial+complexes+in+Upper+Egypt+mid-May+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Ftrade-ministry-to-launch-eight-industrial-complexes-in-upper-egypt-mid-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\/05\/02\/trade-ministry-to-launch-eight-industrial-complexes-in-upper-egypt-mid-may\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647102\" class=\"content-area-description single-story post-647102 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Trade Ministry is planning to launch eight licensed industrial complexes in Upper Egypt in mid-May, Trade Minister Tarek Kabil announced on Friday, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1126145\">Al Masry Al Youm reports<\/a>. The complexes, each of which has the capacity to accommodate up to 200 factories, are in Sohag, Assiut, Qena, Beni Suef, Fayoum, Luxor, and Aswan.<\/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=\"647103\" 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=\"647103\">\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\/05\/02\/oriental-urban-development-to-invest-epg-4-bn-in-2017-18-mulls-2018-ipo\/\">\r\n                            Oriental Urban Development to invest EPG 4 bn in 2017-18, mulls 2018 IPO                        <\/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\/05\/02\/oriental-urban-development-to-invest-epg-4-bn-in-2017-18-mulls-2018-ipo\/\" 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\/05\/02\/oriental-urban-development-to-invest-epg-4-bn-in-2017-18-mulls-2018-ipo\/')\">\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\/05\/02\/oriental-urban-development-to-invest-epg-4-bn-in-2017-18-mulls-2018-ipo\/\">\n                    Facebook        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2017-18, mulls 2018 IPO\">\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=Oriental+Urban+Development+to+invest+EPG+4+bn+in+2017-18%2C+mulls+2018+IPO+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Foriental-urban-development-to-invest-epg-4-bn-in-2017-18-mulls-2018-ipo%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\/05\/02\/oriental-urban-development-to-invest-epg-4-bn-in-2017-18-mulls-2018-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647103\" class=\"content-area-description single-story post-647103 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>Oriental Weavers Group subsidiary Oriental Urban Development is planning on investing EGP 4 bn in Egypt during 2017-18 to develop a mix of touristic and residential projects on some 5 mn sqm of company-owned land, according to owner and founder Mohammed Farid Khamis, <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/01\/1016927\">Al Borsa reports<\/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\/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=\"647104\" 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=\"647104\">\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\/05\/02\/cairo-airports-begins-granting-visas-on-arrival-for-north-african-tourists\/\">\r\n                            Cairo Airports begins granting visas on arrival for North African tourists                        <\/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\/05\/02\/cairo-airports-begins-granting-visas-on-arrival-for-north-african-tourists\/\" 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\/05\/02\/cairo-airports-begins-granting-visas-on-arrival-for-north-african-tourists\/')\">\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\/05\/02\/cairo-airports-begins-granting-visas-on-arrival-for-north-african-tourists\/\">\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=Cairo Airports begins granting visas on arrival for North African tourists&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/cairo-airports-begins-granting-visas-on-arrival-for-north-african-tourists\/\">\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\/05\/02\/cairo-airports-begins-granting-visas-on-arrival-for-north-african-tourists\/&title=Cairo Airports begins granting visas on arrival for North African tourists\">\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=Cairo+Airports+begins+granting+visas+on+arrival+for+North+African+tourists+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fcairo-airports-begins-granting-visas-on-arrival-for-north-african-tourists%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\/05\/02\/cairo-airports-begins-granting-visas-on-arrival-for-north-african-tourists\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647104\" class=\"content-area-description single-story post-647104 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>Cairo Airport began yesterday granting entry visas on arrival for North African tourists currently living in Gulf countries, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1127016\">Al Masry Al Youm reports<\/a>. The new measure does not apply to citizens of Arab countries such as Syria, Sudan, Lebanon, Jordan, and Palestine.<\/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=\"647106\" 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=\"647106\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/efsa-lifts-acumen-bpe-suspension\/\">\r\n                            EFSA lifts Acumen-BPE suspension                        <\/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\/05\/02\/efsa-lifts-acumen-bpe-suspension\/\" 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\/05\/02\/efsa-lifts-acumen-bpe-suspension\/')\">\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\/05\/02\/efsa-lifts-acumen-bpe-suspension\/\">\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=EFSA lifts Acumen-BPE suspension&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/efsa-lifts-acumen-bpe-suspension\/\">\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\/05\/02\/efsa-lifts-acumen-bpe-suspension\/&title=EFSA lifts Acumen-BPE suspension\">\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=EFSA+lifts+Acumen-BPE+suspension+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fefsa-lifts-acumen-bpe-suspension%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\/05\/02\/efsa-lifts-acumen-bpe-suspension\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647106\" class=\"content-area-description single-story post-647106 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> The Egyptian Financial Supervisory Authority (EFSA) has lifted a three-year suspension it <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/12\/efsa-suspends-acumen-beltone-for-three-years\/\">had placed<\/a> on asset manager Acumen-BPE in February, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=331935\">Al Mal<\/a> reports. Acumen-Beltone is a JV between Acumen Holding and BPE Partners (formerly Beltone Private Equity). The asset manager\u2019s suspension came after the company\u2019s general assembly voted to suspend activities until it rebranded as Acumen-BPE and secures new business. Chairman Hany Tawfik the move was made in order to avoid certain fixed costs and was reversed once the company submitted a request to EFSA to do so.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647109\" 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=\"647109\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/el-sisi-to-support-workers-emergency-fund-with-egp-100-mn-from-tahya-misr\/\">\r\n                            El Sisi to support workers\u2019 emergency fund with EGP 100 mn from Tahya Misr                        <\/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\/05\/02\/el-sisi-to-support-workers-emergency-fund-with-egp-100-mn-from-tahya-misr\/\" 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\/05\/02\/el-sisi-to-support-workers-emergency-fund-with-egp-100-mn-from-tahya-misr\/')\">\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\/05\/02\/el-sisi-to-support-workers-emergency-fund-with-egp-100-mn-from-tahya-misr\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi to support workers\u2019 emergency fund with EGP 100 mn from Tahya Misr&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/el-sisi-to-support-workers-emergency-fund-with-egp-100-mn-from-tahya-misr\/\">\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\/05\/02\/el-sisi-to-support-workers-emergency-fund-with-egp-100-mn-from-tahya-misr\/&title=El Sisi to support workers\u2019 emergency fund with EGP 100 mn from Tahya Misr\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+to+support+workers%E2%80%99+emergency+fund+with+EGP+100+mn+from+Tahya+Misr+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fel-sisi-to-support-workers-emergency-fund-with-egp-100-mn-from-tahya-misr%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\/05\/02\/el-sisi-to-support-workers-emergency-fund-with-egp-100-mn-from-tahya-misr\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647109\" class=\"content-area-description single-story post-647109 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>President Abdel Fattah El Sisi announced transferring EGP 100 mn from the Tahya Misr fund to support the workers\u2019 emergency fund, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1126303\">Al Masry Al Youm<\/a> reports. The announcement came during El Sisi\u2019s speech on Sunday in celebration of Labor Day. El Sisi also said the state will focus on supporting labor-intensive industries and will invest in developing the capabilities and productivity of Egyptian workers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647110\" 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=\"647110\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/customs-exchange-rate-kept-at-egp-16-5-per-usd-1\/\">\r\n                            Customs exchange rate kept at EGP 16.5 per USD 1                        <\/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\/05\/02\/customs-exchange-rate-kept-at-egp-16-5-per-usd-1\/\" 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\/05\/02\/customs-exchange-rate-kept-at-egp-16-5-per-usd-1\/')\">\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\/05\/02\/customs-exchange-rate-kept-at-egp-16-5-per-usd-1\/\">\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=Customs exchange rate kept at EGP 16.5 per USD 1&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/customs-exchange-rate-kept-at-egp-16-5-per-usd-1\/\">\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\/05\/02\/customs-exchange-rate-kept-at-egp-16-5-per-usd-1\/&title=Customs exchange rate kept at EGP 16.5 per USD 1\">\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=Customs+exchange+rate+kept+at+EGP+16.5+per+USD+1+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fcustoms-exchange-rate-kept-at-egp-16-5-per-usd-1%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\/05\/02\/customs-exchange-rate-kept-at-egp-16-5-per-usd-1\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647110\" class=\"content-area-description single-story post-647110 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>The Finance Ministry has kept the customs exchange rate unchanged at EGP 16.5 per USD 1 for May, Deputy Finance Minister Amr El Monayer told <a href=\"http:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL8N1I20DY\">Reuters<\/a>. The newswire notes that the fixed rate is around 10% below the market exchange rate.<\/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=\"647113\" 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=\"647113\">\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\/05\/02\/on-your-way-out-for-2-may-2017\/\">\r\n                            On your way out for 2 May 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\/05\/02\/on-your-way-out-for-2-may-2017\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/on-your-way-out-for-2-may-2017\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/on-your-way-out-for-2-may-2017\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=On your way out for 2 May 2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/on-your-way-out-for-2-may-2017\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/on-your-way-out-for-2-may-2017\/&title=On your way out for 2 May 2017\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=On+your+way+out+for+2+May+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F02%2Fon-your-way-out-for-2-may-2017%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/on-your-way-out-for-2-may-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647113\" class=\"content-area-description single-story post-647113 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 Sherif Ismail government has allocated EGP 1.72 bn to supporting various <\/strong><strong>antiquities projects currently in the works,<\/strong> including development work at the Giza Plateau, the Baron Palace, the Jewish Synagogue, and the Greco-Roman museum, to name a few <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=331897\">Al Borsa reported on Sunday.<\/a><\/p>\n<p><strong>The Armed Forces launched the beta phase of 4G services for its mobile network<\/strong> yesterday, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=332110\">Al Mal reports<\/a>. Defense Minister Sedki Sobhy attended the ceremony.<\/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=\"647115\" 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=\"647115\">\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\/05\/02\/by-the-numbers-42\/\">\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\/05\/02\/by-the-numbers-42\/\" 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\/05\/02\/by-the-numbers-42\/')\">\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\/05\/02\/by-the-numbers-42\/\">\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\/05\/02\/by-the-numbers-42\/\">\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\/05\/02\/by-the-numbers-42\/&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%2F05%2F02%2Fby-the-numbers-42%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\/05\/02\/by-the-numbers-42\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647115\" class=\"content-area-description single-story post-647115 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 18.0312 | Sell 18.1341<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> (Sunday): 12,434 (-0.7%)<br \/>\n <strong>Turnover:<\/strong> EGP 521.1 mn (52% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +0.7%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session 0.7% down. CIB, the index heaviest constituent fell 0.4%. EGX30\u2019s top performing constituents were: Porto Group 4.0% up, Domty 1.7% up, and Credit Agricole 1.0% up. Sunday\u2019s worst performing stocks were: Cairo Oils and Soap 18.2% down, Egyptian Iron and Steel 3.6% down, and Amer Group 3.6% down. The market turnover was EGP 521.1 mn, which is the lowest turnover since 3 November 2016, and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +12.6 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +18.7 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -31.3 mn<\/p>\n<p><strong>Retail<\/strong>: 70.9% of total trades | 68.8% of buyers | 73.0% of sellers<u><br \/>\n <\/u><strong>Institutions<\/strong>: 29.1% of total trades | 31.2% of buyers | 27.0% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 13.3% of total | 14.5% of buyers | 12.0% of sellers<br \/>\n <strong>Regional:<\/strong> 11.1% of total | 12.8% of buyers | 9.3% of sellers<br \/>\n <strong>Domestic:<\/strong> 75.7% of total | 72.7% of buyers | 78.7% of sellers<\/p>\n<hr class=\"grey-line\">\n<p><span style=\"color: #299a0b; font-weight: bold;\">***<br \/>\nPHAROS VIEW<\/span><\/p>\n<\/p>\n<p><strong>Judging The Current Interest Rate Structure in Egypt \u2014 Think in Real Terms, Not Nominal<\/strong><\/p>\n<p>Noting that the real interest rate for households is positive, while short-term corporate borrowing is less-expensive than the longer term, Pharos Holdings\u2019 Ramy Oraby asks, \u201cWas the CBE\u2019s preemptive nominal interest rate hike, in addition to other monetary policy instruments useful in curbing the inflation rate reaction?\u201d <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/05\/Judging-The-Current-Interest-Rate-Structure-in-Egypt.pdf\"><strong>Tap here to read the full report.<\/strong><\/a><\/p>\n<p><p><span style=\"color: #299a0b; font-weight: bold;\">***<\/span><\/p>\n<hr class=\"grey-line\">\n<p><strong>WTI:<\/strong> USD 48.74 (-0.20%)<br \/>\n <strong>Brent:<\/strong> USD 51.46 (-0.12%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.23 MMBtu, (+0.40%, June 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,257.30 \/ troy ounce (+0.14%)<\/p>\n<p><strong>TASI:<\/strong> 7,003.7 (-0.14%) (YTD: -2.87%)<br \/>\n <strong>ADX:<\/strong> 4,558.9 (+0.79%) (YTD: +0.26%)<br \/>\n <strong>DFM:<\/strong> 3,440.6 (+0.75%) (YTD: -2.56%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 405.4 (-0.72%) (YTD: +6.65%)<br \/>\n <strong>QE:<\/strong> 10,110.5 (+0.46%) (YTD: -3.13%)<br \/>\n <strong>MSM:<\/strong> 5,528.7 (+0.28%) (YTD: -4.39%)<br \/>\n <strong>BB: <\/strong>1,335.7 (+0.26%) (YTD: +0.44%)<\/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=\"647116\" 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\/05\/02\/647116\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647116\" class=\"content-area-description single-story post-647116 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>04-07 May (Thursday-Sunday): <a href=\"http:\/\/cafex-me.com\/\">Caf\u00e9x<\/a>, CICC, Cairo.<\/p>\n<p>05-07 May (Friday-Sunday): <a href=\"http:\/\/egyptpropertyshow.net\/\">Egypt Property Show<\/a>, DWTC, Dubai.<\/p>\n<p>08-09 May (Monday-Tuesday): Third <a href=\"http:\/\/egyptcsrforum.com\/\">Egypt CSR Forum<\/a>, Intercontinental Citystars Hotel, Cairo.<\/p>\n<p>9-11 May (Tuesday-Thursday): 2nd Egypt <a href=\"http:\/\/www.egyptsummit.com\/\">Oil & Gas Summit<\/a>, Cairo.<\/p>\n<p>10-12 May (Wednesday-Friday) The 15th <a href=\"http:\/\/www.franchiseegypt.com\/News.aspx?Id=12242\">Middle East & North Africa International Franchise Exhibition<\/a>, AUC Downtown Greek Campus, Cairo.<\/p>\n<p>10-12 May (Wednesday-Friday): <a href=\"https:\/\/conference.rencap.com\/UpcomingEvent\/?id=17\">RenCap's 8th Annual Pan-Africa 1:1 Investor Conference<\/a>, Lagos.<\/p>\n<p>15-17 May (Monday-Wednesday): Morgan Stanley's 3rd Annual GEMS Conference (EEMEA), London.<\/p>\n<p>14-16 May (Sunday-Tuesday) CI Capital\u2019s fifth annual Egypt Investor Conference, Gouna.<\/p>\n<p>16 May (Tuesday): Official expiry date for the decision to suspend capital gains taxes on stock market transactions.<\/p>\n<p>21 May (Sunday): Central Bank of Egypt\u2019s Monetary Policy Committee Meeting.<\/p>\n<p>22-23 May (Monday-Tuesday): <a href=\"https:\/\/northafricamno.iqpc.ae\/?utm_source=email&utm_medium=internalemail&utm_campaign=28261.001+-+EM.5+-+Content+Primary+-+The+Spread+of+4G+report&utm_term=Homepage&utm_content=TEXT&mac=1-29536932645&disc=\">North Africa Mobile Network Optimisation Conference<\/a>, Cairo.<\/p>\n<p>27 May (Saturday): First day of Ramadan (TBC).<\/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>23 July (Sunday): Revolution Day, national holiday.<\/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>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>06 October (Friday): Armed Forces Day, national holiday.<\/p>\n<p>01 December (Friday): Prophet\u2019s Birthday, national holiday.<\/p>\n<p>08-10 December (Friday-Sunday): RiseUp Summit, Downtown Cairo.<\/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":647070,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-647069","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2deaede2-9cb8-4904-a723-00cf540cd6b9","teaser":"","photo_url":"https:\/\/ent.news\/2017\/5\/1277.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Look busy \u2014 the IMF delegation has arrived - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/look-busy-the-imf-delegation-has-arrived\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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