{"id":647677,"date":"2017-05-17T03:44:30","date_gmt":"2017-05-17T03:44:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=647677"},"modified":"2025-12-17T21:07:02","modified_gmt":"2025-12-17T21:07:02","slug":"investigation-ratings-agencys-apparent-glitch-risks-keeps-egypts-borrowing-costs-high-investment-ceiling-low","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/investigation-ratings-agencys-apparent-glitch-risks-keeps-egypts-borrowing-costs-high-investment-ceiling-low\/","title":{"rendered":"Investigation: Ratings agency\u2019s apparent glitch risks keeps Egypt\u2019s borrowing costs high, investment ceiling low."},"content":{"rendered":"<section id=\"647679\" 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=\"647679\">\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\/17\/what-were-tracking-on-17-may-2017\/\">\r\n                            What we\u2019re tracking on 17 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\/17\/what-were-tracking-on-17-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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Poor\u2019s credit rating on Egypt. Even if you\u2019re not an economics geek, take a moment to check out the story, which leads Speed Round this morning. The Brits have the luxury of <a href=\"https:\/\/www.ft.com\/content\/fa563ac4-492e-11e6-8d68-72e9211e86ab\">debating whether sovereign credit ratings matter<\/a> \u2014 those of us schlepping along in emerging markets know they do. And if you\u2019re a fellow econogeek and have a strong opinion on the subject, let us know \u2014 whether you agree or disagree with our take \u2014 by dropping us a line at editorial@enterprise.press.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><strong>The central bank will \u201csoon\u201d scrap its USD 100k limit on bank <\/strong><strong>transfers abroad by private citizens<\/strong>, Governor Tarek Amer said yesterday, according to <a href=\"http:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1II4YB\">Reuters<\/a>. \u201cThe limits of [USD 100,000] relating to individuals will be cancelled ... We have no need for foreign currency limits,\u201d Amer said.<\/p><p>In a further sign that the nation\u2019s USD position is strengthening: <strong>International oil<\/strong><strong>companies were just paid USD 750 mn to settle part of their arrears <\/strong>and another USD 750 mn is in the pipeline for payment at the beginning of June, Amer told reporters yesterday. Egypt owes the IOCs about USD 3.5 bn. \u201cAmer said separately that <strong>Egypt has received USD 8 bn in investment from<\/strong> 150 global investment funds over the past six months,\u201d <a href=\"http:\/\/www.dailymail.co.uk\/wires\/reuters\/article-4512050\/Egypt-paid-750-mln-oil-company-arrears-pay-June.html\">Reuters reports<\/a>.<\/p><p><strong>MSCI is adding EFG Hermes to the <\/strong><a href=\"https:\/\/www.msci.com\/documents\/10199\/9b74d1c0-811d-4c1c-8611-7867fcdf9ae7\"><strong>MSCI Egypt<\/strong><\/a><strong> index, while removing Talaat <\/strong><strong>Moustafa Group (TMG)<\/strong>, according to <a href=\"http:\/\/www.reuters.com\/article\/mideast-stocks-idUSL8N1II0OY\">Reuters<\/a>. The wire service says analysts at EFG estimate flows of around USD 30 mn as a result. The MSCI Egypt index includes CIB, Global Telecom Holding, and EFG Hermes, which replaced TMG. Meanwhile, <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/16\/1022391\">Al Borsa<\/a> is concerned that the total weighting of Egypt on the MSCI Emerging Market Index is falling, especially after the drop in market capitalisation following the EGP\u2019s devaluation. This is also a concern as <strong>the MSCI Emerging Market Index is set to become a bit more crowded<\/strong>, with Pakistan set to be <a href=\"https:\/\/www.msci.com\/market-classification\">upgraded to Emerging Markets status<\/a> from Frontier Markets in June and Argentina being proposed as another candidate for <a href=\"https:\/\/www.msci.com\/documents\/1296102\/0d762f07-2ec8-4b1c-b4d4-6566d933c1c8\">reclassification<\/a> as EM along with <a href=\"https:\/\/www.msci.com\/documents\/1296102\/ffd4f403-40c8-4821-a521-d74d7e4e1127\">China A-Shares<\/a>.<\/p><p><strong>Start your morning with what Al Mal says is the final draft of the Investment Act.<\/strong> We\u2019re taking it with a grain of salt because it is dated \u201cMonday, 17 May.\u201d The document is spread over two files <a href=\"http:\/\/www.almalnews.com\/Media\/documents\/p1.pdf\">here<\/a> and <a href=\"http:\/\/www.almalnews.com\/Media\/documents\/p2.pdf\">here<\/a>, both of them pdfs<\/p><p><strong>Top US diplomat on for Mideast to retire? <\/strong>Stuart Jones, the acting assistant secretary of state for the Near East and the former number two at the US embassy in Cairo, is stepping down, <a href=\"http:\/\/www.reuters.com\/article\/us-usa-trump-diplomat-idUSKCN18C1W1\">Reuters reports<\/a>. Jones, who we knew during his service in Egypt as a very bright and engaged guy, \u201ctold colleagues the decision was his own and that he had not been pushed out or asked to leave the department.\u201d Outgoing ambassador Stephen Beecroft is named by Reuters as one of the candidates to take over from Jones.<\/p><p><strong>Travel in a time of cholera: <\/strong>Heading to Cairo International this morning? Give yourself a few extra minutes of flex: \u201cCairo airport is introducing emergency measures, including quarantine, to <strong>prevent the spread of a cholera outbreak in Yemen<\/strong> by flights arriving from the war-torn Arab nation,\u201d according to an Associated Press piece <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-05-16\/cairo-airport-takes-steps-to-stop-cholera-spread-from-yemen\">picked up by Bloomberg<\/a>.<\/p><p><strong>Jordan\u2019s King Abdullah II is arriving in Cairo today <\/strong>for talks with President Abdel Fattah El Sisi ahead of the Arab Islamic-American Summit kicking off in Riyadh next week, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1134827\">Al Masry Al Youm reports<\/a>.<\/p><p><strong>Investment Minister Sahar Nasr is heading to KSA today<\/strong> to meet with Saudi investors and officials from the Islamic Development Bank, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334080\">Al Mal reports<\/a>.<\/p><p><strong>The greenback is taking a beating amid White House controversies. <\/strong>It\u2019s not going to do much about the EGP:USD rate, but the furor over US President Donald Trump divulging sensitive intelligence to Russia\u2019s foreign minister has been eclipsed by another flap that has <a href=\"http:\/\/www.reuters.com\/article\/us-global-markets-idUSKCN18D01B?il=0\">sent USD futures and US shares down in Asian trading today<\/a>. The latest: Former FBI director James Comey claims Trump asked him to <a href=\"https:\/\/www.nytimes.com\/2017\/05\/16\/us\/politics\/james-comey-trump-flynn-russia-investigation.html\">shut down an investigation<\/a> of Trump\u2019s former national security advisor.<\/p><p><strong>A change in our collective attitude could force the economy to grow 34%. <\/strong>That\u2019s how much Bloomberg says Egypt\u2019s economy would grow if as many women were employed as men. The comparable figure for Japan is 9%, and for the US 5%. You can check out Bloomberg\u2019s <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-05-12\/modern-motherhood-has-economists-worried\">Modern Motherhood Has Economists Worried<\/a> or go check out the 2012 <a href=\"https:\/\/www.strategyand.pwc.com\/media\/file\/Strategyand_Empowering-the-Third-Billion_Full-Report.pdf\">report from Strategy&amp; (pdf)<\/a>(that\u2019s the outfit formerly known as Booz &amp; Company) that makes the GDP growth projection. The 34% bit is on page 9; the section on Egypt runs pp. 106-112.<\/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=\"647680\" 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 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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-t3439if\" data-v=\"4\" data-block-id=\"t3439if\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-t3439if-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-t3439if-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 class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" 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33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647681\" 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=\"647681\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We\u2019re Tracking This Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/what-were-tracking-this-week-178\/\">\r\n                            What we\u2019re tracking this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/what-were-tracking-this-week-178\/\" 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\/17\/what-were-tracking-this-week-178\/')\">\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\/17\/what-were-tracking-this-week-178\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking this week&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/what-were-tracking-this-week-178\/\">\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\/17\/what-were-tracking-this-week-178\/&title=What we\u2019re tracking this week\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fwhat-were-tracking-this-week-178%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\/17\/what-were-tracking-this-week-178\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647681\" class=\"content-area-description single-story post-647681 post type-post status-publish format-standard hentry category-what-were-tracking-this-week tag-enterpriseam tag-what-were-tracking-this-week wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Daba\u2019a nuclear power plant talks at the House: <\/strong>The House of Representatives\u2019 Energy Committee is expected to discuss the Dabaa nuclear power plant agreement this week before the matter goes to the floor of the House for a vote. The news comes as Electricity Minister Mohamed Shaker has reportedly said <a href=\"http:\/\/www.dailynewsegypt.com\/2017\/05\/16\/egypt-russia-sign-final-contracts-30bn-dabaa-nuclear-power-plant-within-2-months\/\">Egypt and Russia will sign final contracts<\/a> for the plant within two months.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647682\" 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=\"647682\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON THE HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/on-the-horizon-219\/\">\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\/17\/on-the-horizon-219\/\" 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\/17\/on-the-horizon-219\/')\">\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\/17\/on-the-horizon-219\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=On the horizon&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/on-the-horizon-219\/\">\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\/17\/on-the-horizon-219\/&title=On the horizon\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=On+the+horizon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fon-the-horizon-219%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\/17\/on-the-horizon-219\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647682\" class=\"content-area-description single-story post-647682 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>We\u2019re still waiting for word of when the IMF Executive Board <\/strong><a href=\"http:\/\/www.imf.org\/external\/NP\/SEC\/bc\/eng\/index.aspx\"><strong>plans<\/strong><\/a><strong> to review and vote <\/strong><strong>on the staff-level agreement<\/strong> that could see Egypt receive the second tranche of the USD 12 bn extended fund facility by the end of June.<\/p>\n<p><strong>The Finance Ministry will ask Prime Minister Sherif Ismail to compel all ministries and <\/strong><strong>government agencies to compile reports special revenue funds<\/strong> under their control. The report will be presented to the House of Representatives to review,<a href=\"http:\/\/www.alborsanews.com\/2017\/05\/16\/1022921\">Al Borsa said on Tuesday<\/a>. MPs have been wanting to draft legislation to better monitor the slush funds and connect them to state coffers.<\/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=\"647683\" 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=\"647683\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/el-sisi-talks-to-the-national-press-ghada-wali-with-lamees-el-adly-on-the-run\/\">\r\n                            El Sisi talks to the national press, Ghada Wali with Lamees, El Adly on the run                        <\/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\/17\/el-sisi-talks-to-the-national-press-ghada-wali-with-lamees-el-adly-on-the-run\/\" 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\/17\/el-sisi-talks-to-the-national-press-ghada-wali-with-lamees-el-adly-on-the-run\/')\">\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\/17\/el-sisi-talks-to-the-national-press-ghada-wali-with-lamees-el-adly-on-the-run\/\">\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 talks to the national press, Ghada Wali with Lamees, El Adly on the run&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/el-sisi-talks-to-the-national-press-ghada-wali-with-lamees-el-adly-on-the-run\/\">\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\/17\/el-sisi-talks-to-the-national-press-ghada-wali-with-lamees-el-adly-on-the-run\/&title=El Sisi talks to the national press, Ghada Wali with Lamees, El Adly on the run\">\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+talks+to+the+national+press%2C+Ghada+Wali+with+Lamees%2C+El+Adly+on+the+run+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fel-sisi-talks-to-the-national-press-ghada-wali-with-lamees-el-adly-on-the-run%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\/17\/el-sisi-talks-to-the-national-press-ghada-wali-with-lamees-el-adly-on-the-run\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647683\" class=\"content-area-description single-story post-647683 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi\u2019s interview<\/strong> with the editors of national newspapers was the highlight of the airwaves last night.<\/p>\n<p>Yahduth fi Misr\u2019s <strong>Sherif Amer picked up the headlines<\/strong>, saying that El Sisi reportedly promised <strong>more tax exemptions next year and said that food subsidy allocations were weeks away from being doubled<\/strong>. The president also said he would release a detailed statement of account next year to compare Egypt\u2019s figures now against those from when he assumed office and assess how much has been achieved.<\/p>\n<p>On Kol Youm, Amr Adib spoke to Al Akhbar newspaper editor-in-chief Yasser Rezk about the interview, in which El Sisi reportedly told the press that he was going to <strong>leave the decision of whether or not he should run for a second term up to the people<\/strong>. Rezk also told Adib that El Sisi said he hopes to see presidents hand over power in Egypt in the same way as happens in France (<a href=\"https:\/\/www.youtube.com\/watch?v=LKh8HgkDe_8\">watch<\/a>, runtime: 16:26).<\/p>\n<p>Adib also aired a report about <strong>Al Araby Group\u2019s newly launched washing machine <\/strong><strong>factory <\/strong>(<a href=\"https:\/\/www.youtube.com\/watch?v=EBx4akgLay0\">watch<\/a>, runtime: 1:52), which officially makes us <a href=\"https:\/\/en.wikipedia.org\/wiki\/Supersaturation\">supersaturated<\/a> when it comes to news of this particular factory, which the company\u2019s PR flacks have ensured has been in the news all week.<\/p>\n<p>Masaa\u2019 DMC\u2019s <strong>Osama Kamal spoke with Social Solidarity Minister Ghada Wali about <\/strong><strong>the last two years of cash subsidy programs<\/strong> Takaful and Karama, which Wali said incorporate some 100k new families each month (<a href=\"https:\/\/www.youtube.com\/watch?v=X_JGr1yK2_k\">watch<\/a>, runtime: 4:14).<\/p>\n<p>Over on Hona Al Asema, <strong>Wali joined Lamees Al Hadidi to talk about the future of state <\/strong><strong>welfare programs.<\/strong> Wali said that her ministry is devising new strategies to provide the neediest people with the necessary support and will submit a report so the cabinet and presidency soon (<a href=\"https:\/\/www.youtube.com\/watch?v=oa2I7-YlKE4\">watch<\/a>, runtime: 7:23).<\/p>\n<p><strong>Lamees also spoke to the Secretary General of the Federation of Egyptian Chambers <\/strong><strong>of Commerce Alaa Ezz about Ramadan food expos,<\/strong> at which food makers can sell their products directly to consumers at a discount of up to 30% (<a href=\"https:\/\/www.youtube.com\/watch?v=Kp8fHseF9Lo\">watch<\/a>, runtime: 5:43).<\/p>\n<p><strong>Former Interior Minister Habib El Adly was also on the agenda last night. <\/strong>MP Mostafa Bakry told Lamees that he submitted a formal inquiry to Interior Minister Magdy Abdel Ghaffar about El Adly\u2019s alleged disappearance and said that official sources told him that \u201cspecial efforts\u201d were being employed to arrest him (<a href=\"https:\/\/www.youtube.com\/watch?v=4qEVV6OUzK4\">watch<\/a>, runtime: 4:18).<\/p>\n<p><strong>Lawyer Mohamed El Gendy, who claims to be on El Adly\u2019s defense team,<\/strong> told Lamees that he was unaware of El Adly\u2019s whereabouts and was surprised when the ex-interior minister was absent from his hearing at the Court of Cassation earlier this week (<a href=\"https:\/\/www.youtube.com\/watch?v=3h1Vz8AG5Kg\">watch<\/a>, runtime: 5:21). <strong>High-profile criminal defense attorney Farid El Deeb<\/strong>, who represented former president Hosni Mubarak, had earlier told <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1134526\">Al Masry Al Youm<\/a> that (a) he is El Adly\u2019s lawyer; (b) El Adly is in hospital, not on the run; and that (c) he is still pursuing El Adly\u2019s appeal to the Court of Cassation, the nation\u2019s highest appeals court, against a seven-year sentence for corruption.<\/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=\"647684\" 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=\"647684\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/sps-sovereign-credit-rating-model-is-inadequate-breaks-down-when-applied-to-egypt\/\">\r\n                            S&#038;P\u2019s sovereign credit rating model is inadequate, breaks down when applied to Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/sps-sovereign-credit-rating-model-is-inadequate-breaks-down-when-applied-to-egypt\/\" 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\/17\/sps-sovereign-credit-rating-model-is-inadequate-breaks-down-when-applied-to-egypt\/')\">\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\/17\/sps-sovereign-credit-rating-model-is-inadequate-breaks-down-when-applied-to-egypt\/\">\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=S&#038;P\u2019s sovereign credit rating model is inadequate, breaks down when applied to Egypt&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/sps-sovereign-credit-rating-model-is-inadequate-breaks-down-when-applied-to-egypt\/\">\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\/17\/sps-sovereign-credit-rating-model-is-inadequate-breaks-down-when-applied-to-egypt\/&title=S&#038;P\u2019s sovereign credit rating model is inadequate, breaks down when applied to Egypt\">\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=S%26%23038%3BP%E2%80%99s+sovereign+credit+rating+model+is+inadequate%2C+breaks+down+when+applied+to+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fsps-sovereign-credit-rating-model-is-inadequate-breaks-down-when-applied-to-egypt%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\/17\/sps-sovereign-credit-rating-model-is-inadequate-breaks-down-when-applied-to-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647684\" class=\"content-area-description single-story post-647684 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>We think Standard & Poor\u2019s sovereign credit rating model breaks down when applied <\/strong><strong>to Egypt<\/strong> \u2014 and that\u2019s preventing an improvement in the rating agency\u2019s outlook on Egypt and a possible upgrade in the credit rating.<strong> Why does this matter?<\/strong> Lower credit ratings translate into higher borrowing costs for the state and are a barrier to some investors. <strong>At the heart of it:<\/strong> S&P says, qualitatively, that it welcomes the float of the EGP, which it says will do good things for the economy going forward. But quantitatively, their model for assessing our credit rating punishes us for the magnitude of the very same devaluation they say they welcome, making it impossible for them to upgrade our credit rating or outlook. Contrast that with the <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/\">exceptional performance of Egypt\u2019s eurobonds in the market<\/a>, which is arguably a real-world, fact-based argument in favour of an upgrade. Here\u2019s the backstory, and how we think S&Ps model is holding Egypt back:<\/p>\n<p><strong>THE BACKGROUND: We spoke by phone with the S&P analyst responsible for <\/strong><strong>Egypt\u2019s credit rating on Monday to dig deeper into the drivers of the agency\u2019s most recent report <\/strong>on the country, in which they<a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/05\/Egypt-B-B-Sovereign-Ratings.pdf\">affirmed Egypt\u2019s credit rating at B- \/ Stable<\/a> on 12 May. \u201cOverall, the situation [in Egypt] is improving,\u201d the credit analyst said. The stable outlook and affirmation of the rating are balanced out by risks arising from fiscal and external deficits and the gradual implementation of reforms. S&P sees GDP growth slowing down to 3.8% from 4.3% in the current fiscal year. That\u2019s because devaluation of the EGP and the subsequent wave of high inflation are seen as weighing heavily on domestic demand, the main driver of economic growth over last years. Instead, foreign and domestic investment are likely to drive growth in the coming period, alongside net exports.<\/p>\n<p><strong>The ratings agency sees the Ismail government\u2019s reforms starting to bear fruit in late<\/strong><strong>2018 and early 2019. <\/strong>Economic growth in 2017 will take a hit as we adjust to the new foreign exchange regime and as inflation continues to be high. And presidential elections in 2018 are likely to cause investors to take a \u201cwait and see\u201d stance. <strong>These factors should dissipate by 2019 and, coupled with a rebound in tourism and the start of production from Zohr, should see GDP growth accelerate<\/strong>. S&P thinks the fiscal deficit will narrow to 7% by 2020, pulling general government debt to a declining path that should see it drop to 82% of GDP by 2020.<\/p>\n<p>Before the 12 May report, S&P last looked at Egypt on 11 November 2016. Heading into our call on Monday<strong>, our primary question for S&P was how they view the reform measures taken since November,<\/strong> given the stable rating and outlook in their most recent assessment. We were also concerned with how the international bond market was pricing Egyptian debt, as it was cheaper than the higher-rated Nigeria and Ethiopia, for example, and very close to Jordan\u2019s, which carries a significantly higher rating of BB-. (See our take on Ahmed Namatalla\u2019s piece for Bloomberg, <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/\">Egypt\u2019s performance on the bond market merits a credit upgrade.<\/a>)<\/p>\n<p><strong>THE METHODOLOGY: <\/strong>This is where we need to get down into the weeds, so bear with us. <strong>The sovereign credit analyst explained that S&P\u2019s sovereign credit ratings are driven by five factors that determine credit worthiness<\/strong>: institutional, economic, external, fiscal, and monetary. Together, they provide a sovereign indicative rating level that could then be subject to supplemental adjustment factors and \u201cone notch of uplift \/ downlift, if applicable.\u201d Each factor is given a score of 1 (strongest) to 6 (weakest). The institutional and economic assessments are averaged to give \u201cthe institutional and economic profile,\u201d while the other three factors are averaged to give \u201cthe flexibility and performance profile.\u201d The two profiles are used to determine an indicative rating level (<a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/05\/SP-indicative-rating-table.png\">specified in a table by S&P<\/a>) with other factors that allow for the \u201cone notch higher or lower\u201d movement.<\/p>\n<p><strong>S&P says Egypt\u2019s rating was \u201cconstrained by wide fiscal deficits, high public debt,<\/strong><strong>low income levels, and institutional and social fragility,\u201d<\/strong> according to the report. The fiscal deficit, as noted, is on a downward trajectory, bringing down public debt with it, S&P says. The S&P analyst also said \u201cour institutional assessment did not change from the last one in November 2016.\u201d<\/p>\n<p><strong>THE PROBLEM: Look at the rating criteria and you\u2019ll see that the factor that weighed <\/strong><strong>most heavily on S&P\u2019s assessment was our poor performance on GDP per capita<\/strong>, which is measured in USD terms. According to S&P\u2019s figures, USD-denominated GDP per capita dropped to USD 2.9k in FY 2016-17 from a peak of USD 3.7k in FY 2015-16.<\/p>\n<p>Looking at the data provided with the <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/05\/Egypt-B-B-Sovereign-Ratings.pdf\">S&P report<\/a> as well as the <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/05\/Sovereign-Rating-Methodology.pdf\">S&P Sovereign Rating Methodology<\/a>,<strong> we take issue with the rating agency\u2019s criteria and the model they use<\/strong>. On the economic assessment criteria, S&P says: \u201cThe determination of the economic assessment uses the current-year estimate for the GDP per capita from national statistics, converted to [USD].\u201d S&P then considers the real GDP per capita growth trend for the decision to bump the economic assessment score \u201cone category worse or better than the initial assessment.\u201d<\/p>\n<p><strong>S&P uses the same criteria (quite transparently) across all of the sovereigns it rates. <\/strong><strong>The problem is that the methodology is not necessarily reflective of reality in Egypt<\/strong>. According to S&P data, real GDP per capita growth in Egypt grew by 2.9% in FY 2015-16 and by 1.5% in FY 2016-17. At the same time, using the same data, we can see that GDP per capita in USD terms has decreased by nearly 22% between FY 2015-16 and FY 2016-17 and is expected to drop further still by almost 21% to USD 2.3k in FY 2017-18. Since S&P says real GDP per capita growth in Egypt is positive, the expected decreases are then driven entirely by the exchange rate adjustment. <strong>GDP, in USD terms, is bound to be significantly lower in FY 2016-17 than in previous years as the currency lost nearly half its value, <\/strong>a drop that is by no means equates to an equal erosion of wealth<strong>.<\/strong><\/p>\n<p>And since the model\u2019s starting point is the USD-denominated GDP figure,<strong> it seems clear to <\/strong><strong>us that the ratings framework used by S&P is not responsive to large exchange rate adjustments<\/strong> such as the one we\u2019re living through today in Egypt. S&P described the float of the EGP as \u201ca vital step toward alleviating Egypt's acute foreign currency shortage, eliminating the differential between the official and unofficial exchange rates and improving the country's export competitiveness.\u201d <strong>But quantitatively, the rating model punishes us for the float <\/strong>in calculating the economic assessment criteria.<\/p>\n<p>Fundamentally, this suggests there are <strong>two problems with the model S&P is using for its <\/strong><strong>sovereign credit ratings:<\/strong> First, forcing the USD denomination. Second, aggregating across measures \u2014 using averages based on so few criteria can lead to having one outlier causing big shifts, even when it should not.<\/p>\n<p><strong>Our take: <\/strong><\/p>\n<ul type=\"disc\">\n<li>S&P\u2019s sovereign credit ratings model is broken in the case of Egypt and susceptible to bias.<\/li>\n<li>The credit rating report issued on 12 May does not necessarily reflect the reality of the economic situation in Egypt, nor the nation\u2019s creditworthiness.<\/li>\n<li>Future rating decisions will continue to be inadequate as long as the model\u2019s shortcomings are not addressed. <\/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\/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=\"647692\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647693\" 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=\"647693\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/throwback-before-being-stuck-on-salah-salem-was-a-valid-excuse-for-being-late\/\">\r\n                            #Throwback: Before being stuck on Salah Salem was a valid excuse for being late                        <\/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\/17\/throwback-before-being-stuck-on-salah-salem-was-a-valid-excuse-for-being-late\/\" 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\/17\/throwback-before-being-stuck-on-salah-salem-was-a-valid-excuse-for-being-late\/')\">\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\/17\/throwback-before-being-stuck-on-salah-salem-was-a-valid-excuse-for-being-late\/\">\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=#Throwback: Before being stuck on Salah Salem was a valid excuse for being late&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/throwback-before-being-stuck-on-salah-salem-was-a-valid-excuse-for-being-late\/\">\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\/17\/throwback-before-being-stuck-on-salah-salem-was-a-valid-excuse-for-being-late\/&title=#Throwback: Before being stuck on Salah Salem was a valid excuse for being late\">\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=%23Throwback%3A+Before+being+stuck+on+Salah+Salem+was+a+valid+excuse+for+being+late+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fthrowback-before-being-stuck-on-salah-salem-was-a-valid-excuse-for-being-late%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\/17\/throwback-before-being-stuck-on-salah-salem-was-a-valid-excuse-for-being-late\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1228.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"647694\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/throwback-before-being-stuck-on-salah-salem-was-a-valid-excuse-for-being-late\/1228-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1228.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1228.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1228.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1228.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647693\" class=\"content-area-description single-story post-647693 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Throwback to before being stuck on Salah Salem was a valid excuse for being late:<\/strong> Once upon a time, a Belgian entrepreneur by the name of \u00c9douard Empain saw in a stretch of desert the potential for a fully equipped \u201ccity of luxury,\u201d and went about building what is now Heliopolis. Empain commissioned a French architect to build the Hindu-style Baron Palace in the middle of an enviable amount of empty land \u2014 a far cry from its current state of being surrounded by hotels and apartment buildings. Good thing Empain didn\u2019t live long enough to experience gridlock traffic jams for which his town has become notorious.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647695\" 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=\"647695\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/egypt-in-the-news-on-17-may-2017\/\">\r\n                            Egypt in the news on 17 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\/17\/egypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-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=Egypt in the news on 17 May 2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/egypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-may-2017\/&title=Egypt in the news on 17 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=Egypt+in+the+news+on+17+May+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fegypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-may-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647695\" class=\"content-area-description single-story post-647695 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Coverage of Egypt in the foreign press is picking up once again this morning,<\/strong> with international outlets offering up a varied assortment of stories. President Abdel Fattah El Sisi\u2019s phone call on Monday night with Donald Trump is getting some digital ink from <a href=\"https:\/\/www.nytimes.com\/aponline\/2017\/05\/16\/world\/middleeast\/ap-ml-egypt-us.html?_r=0\">the Associated Press<\/a>, which reminds us again of the two presidents\u2019 blossoming friendship. This comes as <a href=\"http:\/\/edition.cnn.com\/2017\/05\/16\/world\/trump-strongmen-erdogan-visit\/\">CNN\u2019s Elizabeth Mackintosh<\/a> writes another piece about Trump\u2019s affinity for \u201cauthoritarian leaders,\u201d El Sisi included.<\/p>\n<p>Also <a href=\"http:\/\/abcnews.go.com\/International\/wireStory\/poland-investigates-death-young-polish-woman-egypt-47435687\">getting attention from the AP<\/a> is <strong>Poland\u2019s investigation of the death of a 27-year-old <\/strong><strong>Polish woman vacationing in Egypt<\/strong>. The investigation is looking at murder, a nervous breakdown, and human trafficking as possible scenarios leading to the tourist\u2019s death.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647699\" 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=\"647699\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/egypt-has-gone-through-the-ringer-but-were-on-the-upswing\/\">\r\n                            Egypt has gone through the ringer, but we\u2019re on the upswing                        <\/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\/17\/egypt-has-gone-through-the-ringer-but-were-on-the-upswing\/\" 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\/17\/egypt-has-gone-through-the-ringer-but-were-on-the-upswing\/')\">\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\/17\/egypt-has-gone-through-the-ringer-but-were-on-the-upswing\/\">\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 has gone through the ringer, but we\u2019re on the upswing&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/egypt-has-gone-through-the-ringer-but-were-on-the-upswing\/\">\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\/17\/egypt-has-gone-through-the-ringer-but-were-on-the-upswing\/&title=Egypt has gone through the ringer, but we\u2019re on the upswing\">\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+has+gone+through+the+ringer%2C+but+we%E2%80%99re+on+the+upswing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fegypt-has-gone-through-the-ringer-but-were-on-the-upswing%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\/17\/egypt-has-gone-through-the-ringer-but-were-on-the-upswing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647699\" class=\"content-area-description single-story post-647699 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>Sometimes, it takes a foreigner to point out that here in Egypt, the sky is not<\/strong><strong>necessarily falling: <\/strong>Egypt has gone through the ringer these past few years, but there are plenty of indicators that suggest the country is on the upswing, high profile Emirati business leader <a href=\"http:\/\/www.habtoor.com\/en\/3\/the-group\/chairmans-profile\">Khalaf Al Habtoor<\/a> writes in an <a href=\"http:\/\/www.youm7.com\/story\/2017\/5\/17\/%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D9%85%D8%B5%D8%B1-%D9%8A%D9%82%D8%B9-%D8%B9%D9%84%D9%89-%D9%83%D8%A7%D9%87%D9%84-%D8%A3%D8%A8%D9%86%D8%A7%D8%A6%D9%87%D8%A7\/3238042\">optimistic column penned for Youm7<\/a>. While many in Egypt feel dejected by the outcome of the revolution and are struggling with inflation, the country needs its people to do what they can to push for progress, rather than give up altogether. Our past is also chock-full of examples of success and prosperity that give us a solid foundation to build upon, Al Habtoor says, reminding us that now-booming Dubai was basically built from scratch.<\/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=\"647700\" 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=\"647700\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/cleaner-fish-swimming-into-divers-mouth\/\">\r\n                            Cleaner fish swimming into diver\u2019s mouth                        <\/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\/17\/cleaner-fish-swimming-into-divers-mouth\/\" 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\/17\/cleaner-fish-swimming-into-divers-mouth\/')\">\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\/17\/cleaner-fish-swimming-into-divers-mouth\/\">\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=Cleaner fish swimming into diver\u2019s mouth&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/cleaner-fish-swimming-into-divers-mouth\/\">\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\/17\/cleaner-fish-swimming-into-divers-mouth\/&title=Cleaner fish swimming into diver\u2019s mouth\">\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=Cleaner+fish+swimming+into+diver%E2%80%99s+mouth+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fcleaner-fish-swimming-into-divers-mouth%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\/17\/cleaner-fish-swimming-into-divers-mouth\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1221.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"647701\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/cleaner-fish-swimming-into-divers-mouth\/1221-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1221.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1221.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1221.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1221.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647700\" class=\"content-area-description single-story post-647700 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Who needs a toothbrush?<\/strong> Russian professional diver Vitaly Bazarov was about 100 ft under water off Sinai <a href=\"https:\/\/www.youtube.com\/watch?v=Gzgntn1Oa3M\">when he got some dental check-up from some inquisitive fish<\/a>. Bazarov let a pair of cleaner fish inside his mouth as they were nibbling his lips and looking for food. He removed his regulator and let the cleaner wrasses clear the inside of his mouth. <strong>Diving and a free dental cleaning \u2014 the latest offering in medical tourism for Egypt? <\/strong>(<a href=\"https:\/\/www.youtube.com\/watch?v=Gzgntn1Oa3M\"><strong>Watch<\/strong><\/a>, runtime 0:31)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647702\" 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=\"647702\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/gerd-negotiations-collapse-amay\/\">\r\n                            GERD negotiations collapse -AMAY                        <\/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\/17\/gerd-negotiations-collapse-amay\/\" 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\/17\/gerd-negotiations-collapse-amay\/')\">\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\/17\/gerd-negotiations-collapse-amay\/\">\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=GERD negotiations collapse -AMAY&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/gerd-negotiations-collapse-amay\/\">\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\/17\/gerd-negotiations-collapse-amay\/&title=GERD negotiations collapse -AMAY\">\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=GERD+negotiations+collapse+-AMAY+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fgerd-negotiations-collapse-amay%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\/17\/gerd-negotiations-collapse-amay\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647702\" class=\"content-area-description single-story post-647702 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>Negotiations between Egypt and Ethiopia over the Grand Ethiopian <\/strong><strong>Renaissance Dam (GERD) have \u201cfailed,\u201d<\/strong> <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1134433\">Al Masry Al Youm<\/a> said ominously yesterday, citing unnamed sources. The Irrigation Ministry said that following a round of meetings, a few technical points remain unaddressed and will be looked into in a future meeting, without setting a time or date. Sudanese sources told AMAY the Ethiopian delegation showed no flexibility and refused to compromise when met with Egyptian concerns.<\/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=\"647709\" 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=\"647709\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/production-from-nooros-surpasses-1-bcf-d\/\">\r\n                            Production from Nooros surpasses 1 bcf\/d                        <\/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\/17\/production-from-nooros-surpasses-1-bcf-d\/\" 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\/17\/production-from-nooros-surpasses-1-bcf-d\/')\">\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\/17\/production-from-nooros-surpasses-1-bcf-d\/\">\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=Production from Nooros surpasses 1 bcf\/d&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/production-from-nooros-surpasses-1-bcf-d\/\">\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\/17\/production-from-nooros-surpasses-1-bcf-d\/&title=Production from Nooros surpasses 1 bcf\/d\">\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=Production+from+Nooros+surpasses+1+bcf%2Fd+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fproduction-from-nooros-surpasses-1-bcf-d%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\/17\/production-from-nooros-surpasses-1-bcf-d\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647709\" class=\"content-area-description single-story post-647709 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>Gas production from the Nooros field has exceeded 1 bcf\/d, <a href=\"http:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1II3V2\">Reuters<\/a> reports. Eni, which manages the field, has said last year it plans to raise production to more than 1 bcf\/d in 1Q2017.<\/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=\"647711\" 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=\"647711\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/gasc-launches-global-wheat-tender\/\">\r\n                            GASC launches global wheat tender                        <\/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\/17\/gasc-launches-global-wheat-tender\/\" target=\"_blank\">\n                    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href=\"https:\/\/x.com\/intent\/post?text=GASC launches global wheat tender&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/gasc-launches-global-wheat-tender\/\">\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\/17\/gasc-launches-global-wheat-tender\/&title=GASC launches global wheat tender\">\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=GASC+launches+global+wheat+tender+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fgasc-launches-global-wheat-tender%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\/17\/gasc-launches-global-wheat-tender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647711\" class=\"content-area-description single-story post-647711 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>The General Authority for Supply Commodities launched a global tender yesterday for an unspecified amount of wheat, to be delivered between 15 and 24 June, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1134824\">according to Reuters' Arabic service<\/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\/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=\"647712\" 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=\"647712\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/state-funded-universities-to-launch-electronic-aptitude-testing-system-for-new-applicants-next-year\/\">\r\n                            State-funded universities to launch electronic aptitude testing system for new applicants next year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/state-funded-universities-to-launch-electronic-aptitude-testing-system-for-new-applicants-next-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/state-funded-universities-to-launch-electronic-aptitude-testing-system-for-new-applicants-next-year\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/state-funded-universities-to-launch-electronic-aptitude-testing-system-for-new-applicants-next-year\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=State-funded universities to launch electronic aptitude testing system for new applicants next year&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/state-funded-universities-to-launch-electronic-aptitude-testing-system-for-new-applicants-next-year\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/state-funded-universities-to-launch-electronic-aptitude-testing-system-for-new-applicants-next-year\/&title=State-funded universities to launch electronic aptitude testing system for new applicants next year\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=State-funded+universities+to+launch+electronic+aptitude+testing+system+for+new+applicants+next+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fstate-funded-universities-to-launch-electronic-aptitude-testing-system-for-new-applicants-next-year%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/state-funded-universities-to-launch-electronic-aptitude-testing-system-for-new-applicants-next-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647712\" class=\"content-area-description single-story post-647712 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>State-funded universities that require students to take aptitude tests during the application process will be implementing a new electronic testing system as of the upcoming school year in a bid to cut back on red tape and reduce bureaucratic procedures, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1515668.aspx\">Ahram Gate said on Tuesday<\/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\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647713\" 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=\"647713\">\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\/17\/pickalbatros-hotels-launches-new-egp-1-bn-hotel-and-aqua-park-in-sharm-el-sheikh\/\">\r\n                            Pickalbatros Hotels launches new EGP 1 bn hotel and aqua park in Sharm El Sheikh                        <\/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\/17\/pickalbatros-hotels-launches-new-egp-1-bn-hotel-and-aqua-park-in-sharm-el-sheikh\/\" 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\/17\/pickalbatros-hotels-launches-new-egp-1-bn-hotel-and-aqua-park-in-sharm-el-sheikh\/')\">\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\/17\/pickalbatros-hotels-launches-new-egp-1-bn-hotel-and-aqua-park-in-sharm-el-sheikh\/\">\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=Pickalbatros Hotels launches new EGP 1 bn hotel and aqua park in Sharm El Sheikh&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/pickalbatros-hotels-launches-new-egp-1-bn-hotel-and-aqua-park-in-sharm-el-sheikh\/\">\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\/17\/pickalbatros-hotels-launches-new-egp-1-bn-hotel-and-aqua-park-in-sharm-el-sheikh\/&title=Pickalbatros Hotels launches new EGP 1 bn hotel and aqua park in Sharm El Sheikh\">\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=Pickalbatros+Hotels+launches+new+EGP+1+bn+hotel+and+aqua+park+in+Sharm+El+Sheikh+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fpickalbatros-hotels-launches-new-egp-1-bn-hotel-and-aqua-park-in-sharm-el-sheikh%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\/17\/pickalbatros-hotels-launches-new-egp-1-bn-hotel-and-aqua-park-in-sharm-el-sheikh\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647713\" class=\"content-area-description single-story post-647713 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>Pickalbatros Hotels launched its newest EGP 1 bn hotel in Sharm El Sheikh on Tuesday in a ceremony featuring Portuguese football star Cristiano Ronaldo and his family, <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/16\/1022862\">Al Borsa said on Tuesday<\/a>. The project will open on 19 May and features what company officials claim is the Middle East\u2019s largest water park.<\/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=\"647714\" 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=\"647714\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/cit-ministry-signs-mou-with-visa-inc\/\">\r\n                            CIT Ministry signs MoU with Visa Inc                        <\/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\/17\/cit-ministry-signs-mou-with-visa-inc\/\" 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\/17\/cit-ministry-signs-mou-with-visa-inc\/')\">\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\/17\/cit-ministry-signs-mou-with-visa-inc\/\">\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=CIT Ministry signs MoU with Visa Inc&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/cit-ministry-signs-mou-with-visa-inc\/\">\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\/17\/cit-ministry-signs-mou-with-visa-inc\/&title=CIT Ministry signs MoU with Visa Inc\">\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=CIT+Ministry+signs+MoU+with+Visa+Inc+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fcit-ministry-signs-mou-with-visa-inc%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\/17\/cit-ministry-signs-mou-with-visa-inc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647714\" class=\"content-area-description single-story post-647714 post type-post status-publish format-standard hentry category-telecoms-ict tag-enterpriseam tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>CIT Minister Yasser El Kady signed an MoU with Visa President Ryan McInerney to develop Egypt\u2019s digital infrastructure for financial transactions, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Memorandum-of-Understanding-between-the-Ministry-of-Telecom-and-Visa-International.aspx\">according to a cabinet statement<\/a>. McInerney also met with President Abdel Fattah El Sisi to discuss cooperating on the government\u2019s electronic payment program, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334086\">Al Mal 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\/telecoms-ict\/\">Telecoms + ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647715\" 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=\"647715\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/chinas-jac-motors-hawtai-planning-to-increase-investments-in-egypt\/\">\r\n                            China\u2019s JAC Motors, Hawtai planning to increase investments in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/chinas-jac-motors-hawtai-planning-to-increase-investments-in-egypt\/\" 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\/17\/chinas-jac-motors-hawtai-planning-to-increase-investments-in-egypt\/')\">\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\/17\/chinas-jac-motors-hawtai-planning-to-increase-investments-in-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=China\u2019s JAC Motors, Hawtai planning to increase investments in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/chinas-jac-motors-hawtai-planning-to-increase-investments-in-egypt\/\">\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\/17\/chinas-jac-motors-hawtai-planning-to-increase-investments-in-egypt\/&title=China\u2019s JAC Motors, Hawtai planning to increase investments in Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=China%E2%80%99s+JAC+Motors%2C+Hawtai+planning+to+increase+investments+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fchinas-jac-motors-hawtai-planning-to-increase-investments-in-egypt%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\/17\/chinas-jac-motors-hawtai-planning-to-increase-investments-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647715\" class=\"content-area-description single-story post-647715 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> China\u2019s Hawtai is looking to invest as much as USD 1 bn in Egypt\u2019s auto manufacturing and component industries, the head of the company\u2019s international department Jeffrey Zhang told Trade and Industry Minister Tarek Kabil, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1515541.aspx\">Ahram Gate reports<\/a>. Kabil also met with deputy manager of JAC Motors\u2019 international trade division Steven Wang, who told the minister that the Chinese company is studying setting up a factory in Egypt to expand its investments in Africa. Kabil invited both officials to visit Egypt soon to further discuss the projects.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647718\" 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=\"647718\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/credit-agricole-has-no-plans-to-exit-its-egypt-operations-drion\/\">\r\n                            Cr\u00e9dit Agricole has no plans to exit its Egypt operations -Drion                        <\/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\/17\/credit-agricole-has-no-plans-to-exit-its-egypt-operations-drion\/\" 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\/17\/credit-agricole-has-no-plans-to-exit-its-egypt-operations-drion\/')\">\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\/17\/credit-agricole-has-no-plans-to-exit-its-egypt-operations-drion\/\">\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=Cr\u00e9dit Agricole has no plans to exit its Egypt operations -Drion&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/credit-agricole-has-no-plans-to-exit-its-egypt-operations-drion\/\">\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\/17\/credit-agricole-has-no-plans-to-exit-its-egypt-operations-drion\/&title=Cr\u00e9dit Agricole has no plans to exit its Egypt operations -Drion\">\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=Cr%C3%A9dit+Agricole+has+no+plans+to+exit+its+Egypt+operations+-Drion+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fcredit-agricole-has-no-plans-to-exit-its-egypt-operations-drion%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\/17\/credit-agricole-has-no-plans-to-exit-its-egypt-operations-drion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647718\" class=\"content-area-description single-story post-647718 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>Cr\u00e9dit Agricole is not planning on exiting its operations in Egypt, Cr\u00e9dit Agricole Egypt Managing Director Fran\u00e7ois Edouard Drion told <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334051\">Al Mal<\/a>. Drion <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334052\">added<\/a> that Cr\u00e9dit Agricole Egypt has already received a USD 10 mn bridging loan from its parent to support operations in Egypt. He says there is a USD 20 mn tranche remaining, of which USD 10 mn is scheduled to be disbursed this month.<\/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=\"647719\" 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=\"647719\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/govt-initiates-egp-1-bn-employment-program\/\">\r\n                            Gov\u2019t initiates EGP 1 bn employment program                        <\/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\/17\/govt-initiates-egp-1-bn-employment-program\/\" 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\/17\/govt-initiates-egp-1-bn-employment-program\/')\">\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\/17\/govt-initiates-egp-1-bn-employment-program\/\">\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=Gov\u2019t initiates EGP 1 bn employment program&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/govt-initiates-egp-1-bn-employment-program\/\">\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\/17\/govt-initiates-egp-1-bn-employment-program\/&title=Gov\u2019t initiates EGP 1 bn employment program\">\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=Gov%E2%80%99t+initiates+EGP+1+bn+employment+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Fgovt-initiates-egp-1-bn-employment-program%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\/17\/govt-initiates-egp-1-bn-employment-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647719\" class=\"content-area-description single-story post-647719 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 government has agreed to allocate EGP 1 bn to the Forsa employment program, which aims to create job opportunities across different governorates and villages <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/16\/1022766\">Al Borsa<\/a> reports. Social Solidarity Minister Ghada Waly said her ministry is already in negotiations with a number of private sector companies to increase employment. She added that beneficiaries of the Takaful and Karama programs will not be eligible for Forsa. Waly <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/16\/1022644\">noted<\/a> that there are 8 mn people currently benefiting from Takaful and Karama, on which the government spent EGP 7.4 bn to date. Wali <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/16\/1022867\">also said<\/a> she expects the fourth USD 65 mn tranche of the World Bank\u2019s USD 400 mn loan to support Takaful and Karama to be disbursed within a few weeks.<\/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=\"647720\" 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=\"647720\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/finance-ministry-extends-moratorium-on-capital-market-taxes-until-stamp-tax-is-in-place\/\">\r\n                            Finance Ministry extends moratorium on capital market taxes until stamp tax is in place                        <\/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\/17\/finance-ministry-extends-moratorium-on-capital-market-taxes-until-stamp-tax-is-in-place\/\" 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\/17\/finance-ministry-extends-moratorium-on-capital-market-taxes-until-stamp-tax-is-in-place\/')\">\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\/17\/finance-ministry-extends-moratorium-on-capital-market-taxes-until-stamp-tax-is-in-place\/\">\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=Finance Ministry extends moratorium on capital market taxes until stamp tax is in place&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/finance-ministry-extends-moratorium-on-capital-market-taxes-until-stamp-tax-is-in-place\/\">\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\/17\/finance-ministry-extends-moratorium-on-capital-market-taxes-until-stamp-tax-is-in-place\/&title=Finance Ministry extends moratorium on capital market taxes until stamp tax is in place\">\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=Finance+Ministry+extends+moratorium+on+capital+market+taxes+until+stamp+tax+is+in+place+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F17%2Ffinance-ministry-extends-moratorium-on-capital-market-taxes-until-stamp-tax-is-in-place%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\/17\/finance-ministry-extends-moratorium-on-capital-market-taxes-until-stamp-tax-is-in-place\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647720\" class=\"content-area-description single-story post-647720 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 Finance Ministry issued a procedural document yesterday that extends the <\/strong><strong>moratorium on implementing the capital gains taxes for stock-market transactions <\/strong>until the 0.125% stamp tax is approved by the House of Representatives and published in the official gazette, <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/16\/1022969\">Al Borsa said on Tuesday<\/a>. Deputy Finance Minister Amr El Monayer had said he expects the levy, which will increase gradually to 0.175% over a three-year period and replace the capital gains tax, to come into effect in late May or early June.<\/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=\"647723\" 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=\"647723\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">20<\/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\/17\/by-the-numbers-53\/\">\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\/17\/by-the-numbers-53\/\" 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\/17\/by-the-numbers-53\/')\">\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\/17\/by-the-numbers-53\/\">\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\/17\/by-the-numbers-53\/\">\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\/17\/by-the-numbers-53\/&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%2F17%2Fby-the-numbers-53%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\/17\/by-the-numbers-53\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647723\" class=\"content-area-description single-story post-647723 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 18.0376 | Sell 18.1397<br \/>\n<strong>EGP \/ USD at CIB:<\/strong> Buy 18.05 | Sell 18.15<br \/>\n<strong>EGP \/ USD at NBE: <\/strong>Buy 17.95 | Sell 18.05<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 12,937 (+0.6%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.5 bn (40% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +4.8%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session up 0.6%. CIB, the index heaviest constituent ended up 0.7%. EGX30\u2019s top performing constituents were: Porto Group up 10.0%, EFG Hermes up 7.4%, and SODIC up 3.1%. Yesterday\u2019s worst performing stocks were: TMG Holding down 9.9%, ACC down 2.3%, and GB Auto down 1.7%. The market turnover was EGP 1.5 bn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +87.1 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -24.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -62.6 mn<\/p>\n<p><strong>Retail<\/strong>: 59.0% of total trades | 58.0% of buyers | 59.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 41.0% of total trades | 42.0% of buyers | 40.1% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 24.4% of total | 27.3% of buyers | 21.6% of sellers<br \/>\n <strong>Regional:<\/strong> 14.2% of total | 13.3% of buyers | 15.0% of sellers<br \/>\n <strong>Domestic:<\/strong> 61.4% of total | 59.4% of buyers | 63.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 48.13 (-1.09%)<br \/>\n <strong>Brent:<\/strong> USD 51.15 (-0.97%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.24 MMBtu, (+0.15%, June 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,242.30 \/ troy ounce (+0.48%)<br\n<strong>TASI:<\/strong> 6,940.48 (+0.70%) (YTD: -3.74%)<br \/>\n <strong>ADX:<\/strong> 4,582.07 (+0.39%) (YTD: +0.79%)<br \/>\n <strong>DFM:<\/strong> 3,376.75 (-0.03%) (YTD: -4.37%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 402.46 (-0.07%) (YTD: +5.89%)<br \/>\n <strong>QE:<\/strong> 10,125.44 (+0.07%) (YTD: -2.98%)<br \/>\n <strong>MSM:<\/strong> 5,432.61 (+0.30%) (YTD: -6.05%)<br \/>\n <strong>BB: <\/strong>1,313.59 (+0.12%) (YTD: +7.63%)<\/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=\"647724\" 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\/17\/647724\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647724\" class=\"content-area-description single-story post-647724 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>14-17 May (Sunday-Wednesday): <a href=\"http:\/\/www.asdweek.com\/en\/\">Arab Sustainable Development Week<\/a>, Nile Ritz-Carlton, Cairo.<\/p>\n<p>15-17 May (Monday-Wednesday): Morgan Stanley's 3rd Annual GEMS Conference (EEMEA), London.<\/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>07-09 June (Wednesday-Friday): 19th Annual <a href=\"http:\/\/africa-energy-forum.com\/\">Africa Energy Forum<\/a>, Copenhagen, Denmark.<\/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>15-19 July (Saturday-Wednesday): <a href=\"http:\/\/www.geomeast2017.org\/\">SSIGE\u2019s GeoMEast 2017 International Congress and Exhibition<\/a>, Sharm El Sheikh.<\/p>\n<p>23 July (Sunday): Revolution Day, national holiday.<\/p>\n<p>02-05 September (Saturday-Tuesday): Eid Al-Adha, national holiday (TBC).<\/p>\n<p>17-19 September (Sunday-Tuesday): Pipeline-Pipe-Sewer-Technology <a href=\"https:\/\/www.pipelinepipesewer.com\/\">Conference & Exhibition<\/a>, Intercontinental Citystars Hotel, Cairo.<\/p>\n<p>18-19 September (Monday-Tuesday): <a href=\"http:\/\/www.euromoneyconferences.com\/egypt.html?PageID=206706&SeriesID=11\">Euromoney Egypt conference<\/a>, venue TBD.<\/p>\n<p>20-23 September (Wednesday-Saturday): 2017 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>22 September (Friday): Islamic New Year, national holiday (TBC).<\/p>\n<p>03-05 October (Tuesday-Thursday): J.P. Morgan\u2019s <a href=\"https:\/\/www.jpmorgan.com\/country\/US\/EN\/detail\/1395980361643\">Credit and Equities Emerging Markets Conference<\/a>, London, UK.<\/p>\n<p>06 October (Friday): Armed Forces Day, national holiday.<\/p>\n<p>18-20 October (Wednesday-Friday): AfriLabs <a href=\"http:\/\/afrilabs-gathering.com\/about-us-3\/\">annual gathering<\/a> with the theme \u201cSmart Cities,\u201d The French University, Cairo. <a href=\"http:\/\/afrilabs-gathering.com\/registration\/\">Register here<\/a>.<\/p>\n<p>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":647678,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-647677","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9952d9fb-730a-4c2b-b042-4fb565304097","teaser":"","photo_url":"https:\/\/ent.news\/2017\/5\/1215.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>Investigation: Ratings agency\u2019s apparent glitch risks keeps Egypt\u2019s borrowing costs high, investment ceiling low. - 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\/investigation-ratings-agencys-apparent-glitch-risks-keeps-egypts-borrowing-costs-high-investment-ceiling-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investigation: Ratings agency\u2019s apparent glitch risks keeps Egypt\u2019s borrowing costs high, investment ceiling low.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/investigation-ratings-agencys-apparent-glitch-risks-keeps-egypts-borrowing-costs-high-investment-ceiling-low\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-17T21:07:02+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1215.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/investigation-ratings-agencys-apparent-glitch-risks-keeps-egypts-borrowing-costs-high-investment-ceiling-low\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/investigation-ratings-agencys-apparent-glitch-risks-keeps-egypts-borrowing-costs-high-investment-ceiling-low\/\",\"name\":\"Investigation: Ratings agency\u2019s apparent glitch risks keeps Egypt\u2019s borrowing costs high, investment ceiling low. - 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