{"id":647846,"date":"2017-05-22T03:20:30","date_gmt":"2017-05-22T03:20:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=647846"},"modified":"2025-12-17T21:12:51","modified_gmt":"2025-12-17T21:12:51","slug":"interest-rate-shocker-cbe-hikes-rates-200-bps","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/interest-rate-shocker-cbe-hikes-rates-200-bps\/","title":{"rendered":"Interest rate shocker: CBE hikes rates 200 bps"},"content":{"rendered":"<section id=\"647848\" 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=\"647848\">\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\/22\/what-were-tracking-on-22-may-2017\/\">\r\n                            What we\u2019re tracking on 22 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\/22\/what-were-tracking-on-22-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\/22\/what-were-tracking-on-22-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\/22\/what-were-tracking-on-22-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=What we\u2019re tracking on 22 May 2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/what-were-tracking-on-22-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\/22\/what-were-tracking-on-22-may-2017\/&title=What we\u2019re tracking on 22 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=What+we%E2%80%99re+tracking+on+22+May+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fwhat-were-tracking-on-22-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\/22\/what-were-tracking-on-22-may-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647848\" class=\"content-area-description single-story post-647848 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Bad news this morning: <\/strong>The Central Bank of Egypt raised interest rates 200 bps overnight. We\u2019re only starting to get our heads around the implications of the rate hike on borrowing costs for the state \u2014 let alone for investment by businesses, who will effectively be borrowing at what were once considered credit card interest rates, so you do the math \u2014 and bank margins. We have more in Speed Round, below.<\/p><p><strong>We\u2019re very happy this morning that Enterprise and Inktank are profitable and debt free. <\/strong>And we don\u2019t really want to think at this instant about interest expenses for our friends, readers and clients going forward.<\/p><p><strong>Good news this morning: <\/strong>US President Donald Trump confirmed he\u2019s coming for a visit. His Riyadh speech wasn\u2019t nearly as bad as it could have been. And he likes our president\u2019s shoes. Again, we have chapter and verse in Speed Round.<\/p><p><strong>Down the center: <\/strong>Speaking about borrowing costs for the state: Keep an eye out in the coming days for news of Egypt\u2019s next USD 1.5-2 bn eurobond. The Finance Ministry has already tapped global debt markets in large part because borrowing costs there are so much lower, and the next eurobond issuance is expected this week. The eurobond and last night\u2019s interest rate decision make Egypt one of the world\u2019s emerging market hot spots this week, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-05-21\/emerging-markets-hot-spots-this-week-brazil-egypt-indonesia\">Bloomberg said last night<\/a>.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Not a hot spot this month: <\/strong>Frontier markets, where flows remain negative even as emerging markets are running with the bulls \u2014 despite \u201cstrong growth and soft valuations\u201d on the frontier. That\u2019s a great opportunity for those with some gumption: Templeton\u2019s Mark Mobius recently re-opened his frontier markets fund, saying, \u201cWe think it\u2019s an incredible investment opportunity. [Frontier markets] are not owned by many people. They are often misunderstood. <strong>Of the 10 fastest-growing countries in the world, all are emerging markets, eight are frontier markets<\/strong> [Ethiopia, Ivory Coast, Myanmar, Uzbekistan, DR Congo, Cambodia, Tanzania and Rwanda, based on economic growth since 2012] \u2026 Demographics are very impressive. Urbanisation has a long way to go. Financial penetration is low, therefore there is big potential for growth,\u201d the <a href=\"https:\/\/www.ft.com\/content\/8ae0bf06-3a29-11e7-821a-6027b8a20f23\">Financial Times<\/a> quotes him as saying in a must-read if you have any interest in FM.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Get in touch with your inner finance geek <\/strong>(if you have a Wall Street Journal subscription) and read its series proclaiming that<strong> the quants have now officially taken over Wall Street<\/strong>. \u201cFor decades, investors imagined a time when data-driven traders would dominate financial markets. That day has arrived,\u201d the paper declares. Installments out this morning are below; the series runs until Friday:<\/p><ul type=\"disc\">\n<li><a href=\"https:\/\/www.wsj.com\/articles\/the-quants-run-wall-street-now-1495389108\">The quants run Wall Street now<\/a><\/li>\n<li><a href=\"https:\/\/www.wsj.com\/articles\/the-quants-meet-the-new-kings-of-wall-street-1495389163\">How machines and their masters are rewiring the investment world<\/a><\/li>\n<li><a href=\"http:\/\/www.wsj.com\/graphics\/the-rise-of-quants-in-5-charts\/\">The rise of quants in 5 charts<\/a><\/li>\n<li><a href=\"http:\/\/www.wsj.com\/video\/what-an-algorithm-and-how-do-quants-use-them\/3D3259AB-BE0D-48D3-9E87-DD71CBF908AD.html\">What's an Algorithm, and How Do Quants Use Them?<\/a><\/li>\n<li><a href=\"http:\/\/www.wsj.com\/graphics\/the-laymans-quant-glossary\/\">The layman\u2019s quant glossary<\/a><\/li>\n<\/ul>\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=\"647849\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div 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          <\/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-ousawex\" data-v=\"4\" data-block-id=\"ousawex\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ousawex-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ousawex-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\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-pqrix7n\" data-v=\"4\" data-block-id=\"pqrix7n\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-pqrix7n-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-pqrix7n-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\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-27zjvi2\" data-v=\"4\" data-block-id=\"27zjvi2\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-27zjvi2-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-27zjvi2-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-dtixm09\" data-v=\"4\" data-block-id=\"dtixm09\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-dtixm09-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-dtixm09-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\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647850\" 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=\"647850\">\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\/22\/what-were-tracking-this-week-181\/\">\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\/22\/what-were-tracking-this-week-181\/\" 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\/22\/what-were-tracking-this-week-181\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n           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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/what-were-tracking-this-week-181\/&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%2F22%2Fwhat-were-tracking-this-week-181%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\/22\/what-were-tracking-this-week-181\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647850\" class=\"content-area-description single-story post-647850 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>Budget talks at the House: <\/strong>Discussion of the FY2017-18 budget continue today at the House of Representatives, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334721\">according to Al Mal<\/a>, with Supply Minister <strong>Ali El Moselhy<\/strong> set to meet with members of the economics and budget committees. The budget committee is also expected to discuss spending priorities with the <strong>minister of sport<\/strong>. CIT Minister <strong>Yasser El Kadi<\/strong> is also due before the House\u2019s Communications Committee this week for budget talks.<\/p>\n<p><strong>The Contractors\u2019 Compensation Act<\/strong> \u2014 a bill meant to compensate contractors for losses incurred on government contracts after the EGP float \u2014 is expected to come to a plenary session vote at the House of Representatives\u2019 before by 29 May and be enforced before the end of June, the Head of the Federation of Egyptian Contractors Hassan Abdel Aziz <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/21\/1024681\">told Al Borsa on Sunday<\/a>. MPs had <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/29\/maybe-contractors-will-stop-whining-now\/\">approved the act in March<\/a> and passed it on to the Council of State for a final review.<\/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=\"647851\" 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=\"647851\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/arab-american-islamic-summit-in-the-spotlight-last-night\/\">\r\n                            Arab-American Islamic summit in the spotlight last night                        <\/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          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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=Arab-American+Islamic+summit+in+the+spotlight+last+night+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Farab-american-islamic-summit-in-the-spotlight-last-night%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\/22\/arab-american-islamic-summit-in-the-spotlight-last-night\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647851\" class=\"content-area-description single-story post-647851 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>The Arab-American Islamic Summit in Riyadh was easily the topic of the night on the airwaves last night.<\/p>\n<p>On Kol Youm, <strong>Amr Adib loudly sang Egypt\u2019s praises<\/strong>, saying that the Arab world was mending its relations with the US thanks to Egypt\u2019s good relations with the Trump administration (<a href=\"https:\/\/www.youtube.com\/watch?v=fEwrC7mJV-U\">watch<\/a>, runtime: 2:16).<\/p>\n<p>Over on Hona El Asema, Adib\u2019s rather more temperate wife <strong>Lamees Al Hadidi hosted Cairo <\/strong><strong>University political science professor Moataz Abdel Fattah to weigh in on US President Donald Trump\u2019s speech.<\/strong> Abdel Fattah said that Trump seems to be interested in forming \u201creal alliances\u201d with the Middle East to \u201cremedy the mistakes of his predecessors\u201d \u2014 George Bush was too involved, and Barack Obama tried to un-involve himself all too quickly, creating a vacuum that left the Middle East weak and allowed the threat of terror to grow and go global (<a href=\"https:\/\/www.youtube.com\/watch?v=WGMRnzqlo6k\">watch<\/a>, runtime: 4:27).<\/p>\n<p><strong>Lamees was also impressed with President Abdel Fattah El Sisi\u2019s speech, <\/strong>saying that it clearly outlined what is needed to ensure the success of the US-Egypt partnership to fight terror \u2014 subtly implying that the US should designate the Ikhwan a terror group (<a href=\"https:\/\/www.youtube.com\/watch?v=TiQaCou1tq4\">watch<\/a>, runtime: 6:37).<\/p>\n<p>Other issues of interest on the airwaves last night:<\/p>\n<ul type=\"disc\">\n<li>Lamees spoke to Egyptian businessmen and member of the Advisory Council of Egyptian Scientists <strong>Hany El Nokrashy<\/strong> <strong>about the Dabaa nuclear power plant<\/strong>, which he said was unnecessary in light of Egypt\u2019s recent natural gas discoveries and solar power generation capabilities (<a href=\"https:\/\/www.youtube.com\/watch?v=0SvqvenO60o\">watch<\/a>, runtime: 21:23).<\/li>\n<li><strong>Deputy Immigration Minister Nashwa Moussa told Al Hayah Al Youm\u2019s Lobna Asal <\/strong>that her ministry is saving around EGP 12 bn that were earmarked for new premises by moving to the new administrative capital (<a href=\"https:\/\/www.youtube.com\/watch?v=bqhbZeHVLm0\">watch<\/a>, runtime: 4:04).<\/li>\n<li><strong>Planning Minister Hala El Said also told Al Hayah Al Youm<\/strong> that her office was nearly done putting in place a new electronic system to register births and deaths (<a href=\"https:\/\/www.youtube.com\/watch?v=RIZcZqrt4gQ\">watch<\/a>, runtime: 2:34).<\/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\/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=\"647852\" 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=\"647852\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/mpc-hikes-key-interest-rates-200-bps\/\">\r\n                            MPC hikes key interest rates 200 bps                        <\/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\/22\/mpc-hikes-key-interest-rates-200-bps\/\" 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class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=MPC hikes key interest rates 200 bps&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/mpc-hikes-key-interest-rates-200-bps\/\">\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\/22\/mpc-hikes-key-interest-rates-200-bps\/&title=MPC hikes key interest rates 200 bps\">\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=MPC+hikes+key+interest+rates+200+bps+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fmpc-hikes-key-interest-rates-200-bps%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\/22\/mpc-hikes-key-interest-rates-200-bps\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647852\" class=\"content-area-description single-story post-647852 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>The central bank unexpectedly hiked interest rates last night by 200 bps to a new record<\/strong><strong>high:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee moved against market expectations on Sunday night when it decided to raise key interest rates by 200 bps, bringing<strong> the overnight deposit rate up to 16.75%, overnight lending rate to 17.75%, and discount rate to 17.25%<\/strong>, <a href=\"http:\/\/www.cbe.org.eg\/en\/Pages\/HighlightsPages\/MPC-Press-Release-21-May-2017.aspx\">according to a CBE statement<\/a>. Despite monthly inflation levels being on a cooling trend, annual rates are still high, leading the MPC to decide \u201cthat tightening monetary conditions warranted a commitment to its price stability mandate.\u201d While monthly headline inflation cooled to 1.69% in April (\u201cits third consecutive month of decline due to fading cost-push pressures\u201d), the MPC suggested it was concerned that \u201ccore inflation which excludes volatile food items grew by 1.10 percent (m\/m) in April, recording a slight increase after decelerating in February and March.\u201d<\/p>\n<p>Throw in the 300 bps bump that accompanied the float of the EGP and <strong>interest rates are up<\/strong><strong>500 bps since November.<\/strong><\/p>\n<p><strong>The hike is \u201cconsistent with the targeted disinflation path,\u201d <\/strong>the central bank said,and is in line with the CBE\u2019s view that inflation will cool to something in the 13% band by the end of 2018 \u201cand to single digits thereafter.\u201d <strong>So why is a rate hike the way to go? <\/strong>In the language of the MPC, a rate hike can be used to \u201ccontain demand-side pressures and second-round effects resulting from supply shocks that may lead to deviations from inflation targets, as well as to achieve reserve money targets that were designed to be consistent with the inflation targets.\u201d<\/p>\n<p><strong>It\u2019s hard not to see the IMF\u2019s hand at play here. <\/strong>Our friends in the banking community and just about every analyst with whom <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/21\/what-were-tracking-on-21-may-2017\/\">Bloomberg<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/17\/13-of-14-economists-surveyed-by-reuters-see-the-central-bank-leaving-interest-rates-on-hold\/\">Reuters<\/a> spoke for their respective polls in the run up to yesterday said the rate hike was a bad idea. It would, Bloomberg said, be \u201ccounterproductive because the price gains are not being driven by excess demand.\u201d To say nothing about interest rates being a lousy means of transmitting monetary policy in a nation as un-banked as ours, where (generously) perhaps one in five citizens has access to the banking system and SMEs still struggle to qualify for credit. And yet the IMF has \u2014 <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/23\/imf-wants-egypt-to-raise-interest-rates-to-curb-inflation\/\">at the highest levels<\/a> \u2014 made clear since April that an interest rate hike was the way to go to curb inflation. It could work. Then again, if our aunt underwent gender reassignment surgery, she could become our uncle.<\/p>\n<p><strong>REAX: <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-05-21\/egypt-unexpectedly-raises-rates-as-imf-urges-action-on-inflation\">Bloomberg<\/a> quotes Arqaam Capital\u2019s Reham El-Desoki as explaining that the decision \u201cis the textbook answer to high inflation, but <strong>the data and the weak transmission channels in Egypt do not warrant an additional rate increase<\/strong>.\u201d<\/p>\n<p><strong>Why would you invest in your business today? <\/strong>As an earlier research note from Arqaam noted before last night\u2019s rate hike, a 200 bps rise in interest rates \u201c<strong>would render investment irrational at such high cost of debt.\u201d <\/strong>And don\u2019t get us started on (a) the staggering implications on the cost of borrowing for the state or (b) the shift in the nation\u2019s long-term debt structure if the treasury keeps tapping international debt markets in foreign currency because it\u2019s so much more affordable to borrow in hard currency.<\/p>\n<p>You can <strong>catch early news pieces on the late-night hike from <\/strong><a href=\"http:\/\/www.reuters.com\/article\/us-egypt-cenbank-rates-idUSKBN18H113\"><strong>Reuters<\/strong><\/a><strong> and <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-05-21\/egypt-unexpectedly-raises-rates-as-imf-urges-action-on-inflation\"><strong>Bloomberg<\/strong><\/a>, and we\u2019ll have a proper roundup of reactions for you tomorrow.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647857\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647858\" 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=\"647858\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/el-sisi-salman-trump-inspire-internet-mockery-at-the-inauguration-of-an-extremism-monitoring-center\/\">\r\n                            El Sisi, Salman, Trump inspire Internet mockery at the inauguration of an extremism monitoring center                        <\/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\/22\/el-sisi-salman-trump-inspire-internet-mockery-at-the-inauguration-of-an-extremism-monitoring-center\/\" 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\/22\/el-sisi-salman-trump-inspire-internet-mockery-at-the-inauguration-of-an-extremism-monitoring-center\/')\">\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\/22\/el-sisi-salman-trump-inspire-internet-mockery-at-the-inauguration-of-an-extremism-monitoring-center\/\">\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, Salman, Trump inspire Internet mockery at the inauguration of an extremism monitoring center&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/el-sisi-salman-trump-inspire-internet-mockery-at-the-inauguration-of-an-extremism-monitoring-center\/\">\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\/22\/el-sisi-salman-trump-inspire-internet-mockery-at-the-inauguration-of-an-extremism-monitoring-center\/&title=El Sisi, Salman, Trump inspire Internet mockery at the inauguration of an extremism monitoring center\">\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%2C+Salman%2C+Trump+inspire+Internet+mockery+at+the+inauguration+of+an+extremism+monitoring+center+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fel-sisi-salman-trump-inspire-internet-mockery-at-the-inauguration-of-an-extremism-monitoring-center%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\/22\/el-sisi-salman-trump-inspire-internet-mockery-at-the-inauguration-of-an-extremism-monitoring-center\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1196.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"647859\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/el-sisi-salman-trump-inspire-internet-mockery-at-the-inauguration-of-an-extremism-monitoring-center\/1196-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1196.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1196.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1196.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1196.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647858\" class=\"content-area-description single-story post-647858 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>No, this is not a biometric scanner for the signing of state-level agreements:<\/strong> This image of President Abdel Fattah El Sisi, Saudi King Salman, and US President Donald Trump at the inauguration of a new center to monitor extremism is going viral on El Face and Tweeter \u2014 and it has very little to do with the anti-extremism center. The three leaders holding onto a glowing orb (for reasons we still have yet to understand) in a setup reminiscent of the three witches in the opening scene of Macbeth has inspired an avalanche of comment. Our favorites so far: <a href=\"https:\/\/twitter.com\/bhgross144\/status\/866382629616189440\/photo\/1?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fwww.telegraph.co.uk%2Fnews%2F2017%2F05%2F21%2Fhail-hydra-photo-donald-trump-king-salman-andabdel-fattah-al%2F\">A comparison to Marvel Comics\u2019 terrorist organization Hydra<\/a> and <a href=\"https:\/\/www.facebook.com\/photo.php?fbid=1590439584309044&set=a.370745919611756.96499.100000290533372&type=3\">this reference to the El Sobky-produced World War III film<\/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\/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=\"647860\" 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=\"647860\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/electricity-shortage-is-the-challenge-facing-the-middle-east-that-does-not-involve-guns\/\">\r\n                            Electricity shortage is the challenge facing the Middle East that does not involve guns                        <\/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\/22\/electricity-shortage-is-the-challenge-facing-the-middle-east-that-does-not-involve-guns\/\" 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\/22\/electricity-shortage-is-the-challenge-facing-the-middle-east-that-does-not-involve-guns\/')\">\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\/22\/electricity-shortage-is-the-challenge-facing-the-middle-east-that-does-not-involve-guns\/\">\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=Electricity shortage is the challenge facing the Middle East that does not involve guns&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/electricity-shortage-is-the-challenge-facing-the-middle-east-that-does-not-involve-guns\/\">\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\/22\/electricity-shortage-is-the-challenge-facing-the-middle-east-that-does-not-involve-guns\/&title=Electricity shortage is the challenge facing the Middle East that does not involve guns\">\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=Electricity+shortage+is+the+challenge+facing+the+Middle+East+that+does+not+involve+guns+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Felectricity-shortage-is-the-challenge-facing-the-middle-east-that-does-not-involve-guns%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\/22\/electricity-shortage-is-the-challenge-facing-the-middle-east-that-does-not-involve-guns\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647860\" class=\"content-area-description single-story post-647860 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>Sisi-Trump meeting in Riyadh dominates international coverage of Egypt this morning: <\/strong>Pickups of wire service stories and the odd hot take on US President Donald Trump\u2019s meeting with President Abdel Fattah El Sisi in Riyadh yesterday are leading international coverage of Omm El Donia this morning. US media have noted Trump\u2019s support for Egypt and El Sisi, his pledge to visit Egypt \u201cvery soon\u201d and his admiration of President Abdel Fattah El Sisi\u2019s shoes. See <a href=\"http:\/\/www.politico.com\/story\/2017\/05\/21\/trump-egypt-mideast-238642\">Politico<\/a>, the <a href=\"http:\/\/nypost.com\/2017\/05\/21\/trump-compliments-egyptian-presidents-nice-shoes\/\">New York Post<\/a>, the <a href=\"http:\/\/www.latimes.com\/politics\/washington\/la-na-essential-washington-updates-on-saudi-visit-trump-has-cordial-chat-1495372937-htmlstory.html\">Los Angeles Times<\/a> and <a href=\"http:\/\/www.reuters.com\/article\/us-usa-trump-saudi-egypt-idUSKBN18H08H\">Reuters<\/a> for examples.<\/p>\n<p>Also getting plenty of attention this morning: Prosecutors have <a href=\"http:\/\/www.bbc.com\/news\/world-middle-east-39992432\">referred 48 members of Daesh to a military court<\/a> on terror charges stemming from the Palm Sunday bombings.<\/p>\n<p>We\u2019re also still getting some mileage from <a href=\"http:\/\/www.history.com\/news\/discoveries-of-mummy-filled-necropolis-cartouche-latest-egyptian-finds\">our latest discovery of mummies<\/a>.<\/p>\n<p>Elsewhere, <a href=\"http:\/\/www.newyorker.com\/news\/news-desk\/the-lights-are-going-out-in-the-middle-east\"><strong>the New Yorker\u2019s Robin Wright<\/strong><\/a><strong> writes about the shortage of electricity facing the Middle East.<\/strong> In Egypt, she writes, \u201cthe government has appealed to the public to cut back on the use of light bulbs and appliances and to turn off air-conditioning even in sweltering heat to prevent wider outages.\u201d Wright explains \u201cThe Middle East, though energy-rich, no longer has enough electricity,\u201d calling it the \u201cchallenge that doesn\u2019t involve guns.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"647861\" 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=\"647861\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/mohammed-bin-salmans-ascent-to-power-given-credibility-boost-at-riyadh-summit\/\">\r\n                            Mohammed bin Salman\u2019s ascent to power given credibility boost at Riyadh Summit                        <\/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\/22\/mohammed-bin-salmans-ascent-to-power-given-credibility-boost-at-riyadh-summit\/\" 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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MbS\u2019 diplomatic efforts two months ago paved the way for KSA to sign USD 460 mn worth of agreements with the US, which in turn lent the young prince credibility on his path to lead the kingdom. Al Ghatreefy says that The Donald\u2019s attendance of the summit also signals America\u2019s support for the ushering in of the \u201cAge of Salman.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"647862\" 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=\"647862\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/italian-engineers-want-to-make-an-espresso-making-smartphone-case\/\">\r\n                            Italian engineers want to make an espresso-making smartphone case                        <\/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\/22\/italian-engineers-want-to-make-an-espresso-making-smartphone-case\/\" 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\/22\/italian-engineers-want-to-make-an-espresso-making-smartphone-case\/')\">\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\/22\/italian-engineers-want-to-make-an-espresso-making-smartphone-case\/\">\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=Italian engineers want to make an espresso-making smartphone case&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/italian-engineers-want-to-make-an-espresso-making-smartphone-case\/\">\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\/22\/italian-engineers-want-to-make-an-espresso-making-smartphone-case\/&title=Italian engineers want to make an espresso-making smartphone case\">\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=Italian+engineers+want+to+make+an+espresso-making+smartphone+case+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fitalian-engineers-want-to-make-an-espresso-making-smartphone-case%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\/22\/italian-engineers-want-to-make-an-espresso-making-smartphone-case\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/856.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"647863\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/italian-engineers-want-to-make-an-espresso-making-smartphone-case\/856-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/856.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"856.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/856.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/856.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647862\" class=\"content-area-description single-story post-647862 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>Scientists have yet to invent an IV coffee drip, but we may soon be able to make <\/strong><strong>espresso from a smartphone case<\/strong>. Conceptualized by two Italians, Mokase \u201caims to make smartphones portable baristas,\u201d <a href=\"https:\/\/theculturetrip.com\/europe\/italy\/articles\/italian-company-unveils-espresso-making-phone-case\/\">The Culture Trip says<\/a>. The engineers behind Mokase say a silicon aluminum tube is used to heat up a disposable packet of coffee inserted into the case, through the touch of a button on an app.<\/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=\"647864\" 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=\"647864\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/ethiopia-rejected-egypts-pre-conditions-to-rejoin-nbi-sources-say\/\">\r\n                            Ethiopia rejected Egypt\u2019s pre-conditions to rejoin NBI, sources say                        <\/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\/22\/ethiopia-rejected-egypts-pre-conditions-to-rejoin-nbi-sources-say\/\" 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\/22\/ethiopia-rejected-egypts-pre-conditions-to-rejoin-nbi-sources-say\/')\">\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\/22\/ethiopia-rejected-egypts-pre-conditions-to-rejoin-nbi-sources-say\/\">\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=Ethiopia rejected Egypt\u2019s pre-conditions to rejoin NBI, sources say&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/ethiopia-rejected-egypts-pre-conditions-to-rejoin-nbi-sources-say\/\">\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\/22\/ethiopia-rejected-egypts-pre-conditions-to-rejoin-nbi-sources-say\/&title=Ethiopia rejected Egypt\u2019s pre-conditions to rejoin NBI, sources say\">\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=Ethiopia+rejected+Egypt%E2%80%99s+pre-conditions+to+rejoin+NBI%2C+sources+say+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fethiopia-rejected-egypts-pre-conditions-to-rejoin-nbi-sources-say%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\/22\/ethiopia-rejected-egypts-pre-conditions-to-rejoin-nbi-sources-say\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647864\" class=\"content-area-description single-story post-647864 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>Ethiopia has rejected Egypt\u2019s \u201cpre-conditions\u201d for rejoining the Nile Basin Initiative <\/strong><strong>(NBI), the country\u2019s Water, Irrigation, and Electricity Ministry said<\/strong>. The planned NBI meeting to discuss Egypt joining the initiative, suggested by the President of Uganda, \u201cwas postponed at least for one more month upon the request of the Ethiopian government because of the so-called precondition points which were forwarded by Egypt,\u201d <a href=\"http:\/\/www.thereporterethiopia.com\/content\/ethiopia-rejects-egypt%E2%80%99s-precondition-rejoin-nbi\">The Reporter<\/a> notes. The details of those \u201cpre-conditions\u201d were not made clear, but sources say they were related to water security and the dispute resolution mechanism in the cooperation framework. Egypt had <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/18\/egypt-denies-nile-basin-council-claim-it-rejected-egypts-request-to-join-entebbe\/\">denied<\/a> it had ever asked to sign the cooperation pact, but said it was trying to find a way to cooperate with NBI countries outside of the Entebbe Agreement and has been in talks to reactivate its NBI membership.<\/p>\n<p><strong>Egypt and Sudan reached an agreement on Saturday to facilitate the movement of trucks <\/strong><strong>across the two countries\u2019 border<\/strong>, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1137194\">Al Masry Al Youm reports<\/a>. Under the agreement, truck and bus drivers will be granted six-month visas, and each country will be responsible for disclosing the contents of all shipments. Earlier this month, Sudan <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/07\/sudan-refuses-entry-to-egyptian-shipments-due-to-truck-drivers-lacking-entry-visas\/\">refused to grant entry to 500 Egyptian trucks<\/a> until the drivers received their entry visas and also imposed a daily cap on visas issued for truck drivers. Last month, Sudan also <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/09\/us-congressman-stresses-importance-of-designating-ikhwan-as-terrorist-organization\/\">issued an entry visa requirement<\/a> for all Egyptian males aged 18-50.<\/p>\n<p><strong>Foreign Ministry Sameh Shoukry is traveling to Greece today <\/strong>to address a security conference, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/269200\/Egypt\/Politics-\/Egypts-FM-heads-to-Greece-on-Monday-for-Rhodes-con.aspx\">Ahram Online<\/a> reports. Officials from Southeastern Europe, the Mediterranean and the Gulf will be attending.<\/p>\n<p><strong>President Abdel Fattah El Sisi met with Iraqi President Fuad Masum<\/strong> on the sidelines of the Arab-Islamic-American summit in Riyadh for talks on bilateral ties, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/269205\/Egypt\/Politics-\/Egypts-Sisi-meets-with-Iraqs-President-Masoum-on-s.aspx\">Ahram Online<\/a> reports. The meeting comes a week after Egypt received its first <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/18\/what-were-tracking-on-18-may-2017\/\">shipment<\/a> of Iraqi crude oil.<\/p>\n<p><strong>Lining up business in Libya:<\/strong> Egyptian companies will have a major role in Libya\u2019s redevelopment, Libya\u2019s Oil Minister told <a href=\"http:\/\/gate.ahram.org.eg\/News\/1517178.aspx\">Ahram Gate<\/a>. He says Egyptian companies are expected to have an advantage over other players in the reconstruction projects in Libya given their expertise, more competitive prices, and the availability of qualified labor.<\/p>\n<p><strong>Exports from Qualifying Industrial Zones (QIZ) rose 5% year-on-year to USD 191 mn in <\/strong><strong>1Q17<\/strong>, <a href=\"http:\/\/www.dailynewsegypt.com\/2017\/05\/21\/191m-export-egypt-within-qiz-agreement-q1-2017\/\">Daily News Egypt<\/a> reports, up from USD 182.1 mn in 1Q16, <a href=\"http:\/\/www.qizegypt.gov.eg\/images\/QIZ_En_06_03_2017.pptx\">according to Trade and Industry Ministry statistics (see slide 16)<\/a>. 98% of QIZ exports are ready-made garments, Ashraf El Rabie, head of the Ministry\u2019s QIZ unit, said. QIZ imports enjoy tariff-free access to the United States provided they meet a minimum required amount of Israeli content.<\/p>\n<p><strong>Oil Minister Tarek El Molla met yesterday with a delegation from the German-Arab <\/strong><strong>Chamber of Industry and Commerce<\/strong> to discuss investment opportunities in petrochemical projects in Egypt, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21052017&id=dac3f5d5-c75c-4881-944f-ddb88201f6b6\">Al Shorouk 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\/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=\"647865\" 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=\"647865\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/egypt-makes-payment-to-dana-gas-covering-25-of-what-it-is-owed\/\">\r\n                            Egypt makes payment to Dana Gas covering 25% of what it is owed                        <\/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\/22\/egypt-makes-payment-to-dana-gas-covering-25-of-what-it-is-owed\/\" 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\/22\/egypt-makes-payment-to-dana-gas-covering-25-of-what-it-is-owed\/')\">\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\/22\/egypt-makes-payment-to-dana-gas-covering-25-of-what-it-is-owed\/\">\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 makes payment to Dana Gas covering 25% of what it is owed&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/egypt-makes-payment-to-dana-gas-covering-25-of-what-it-is-owed\/\">\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\/22\/egypt-makes-payment-to-dana-gas-covering-25-of-what-it-is-owed\/&title=Egypt makes payment to Dana Gas covering 25% of what it is owed\">\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+makes+payment+to+Dana+Gas+covering+25%25+of+what+it+is+owed+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fegypt-makes-payment-to-dana-gas-covering-25-of-what-it-is-owed%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\/22\/egypt-makes-payment-to-dana-gas-covering-25-of-what-it-is-owed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647865\" class=\"content-area-description single-story post-647865 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>Egypt has made payments covering 25% of the arrears owed to Dana Gas, the company said in disclosures to the ADX. Dana Gas received a USD 50 mn payment from the Egyptian government, according to <a href=\"http:\/\/www.danagas.com\/en-us\/PublishingImages\/Lists\/Press%20Releases\/AllItems\/DOC210517-21052017084349.pdf\">a regulatory filing<\/a>. The company had also received another payment of USD 20 mn in EGP-equivalent, it said. It is not clear if the USD 50 mn tranche was made in EGP as well or not. Both payment account for 25% of what Egypt owed Dana Gas as of the end of 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=\"647867\" 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=\"647867\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/al-nozha-airport-renovations-to-conclude-within-a-month\/\">\r\n                            Al Nozha airport renovations to conclude within a month                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/al-nozha-airport-renovations-to-conclude-within-a-month\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/al-nozha-airport-renovations-to-conclude-within-a-month\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/al-nozha-airport-renovations-to-conclude-within-a-month\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Al Nozha airport renovations to conclude within a month&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/al-nozha-airport-renovations-to-conclude-within-a-month\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/al-nozha-airport-renovations-to-conclude-within-a-month\/&title=Al Nozha airport renovations to conclude within a month\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Al+Nozha+airport+renovations+to+conclude+within+a+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fal-nozha-airport-renovations-to-conclude-within-a-month%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/al-nozha-airport-renovations-to-conclude-within-a-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647867\" class=\"content-area-description single-story post-647867 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Renovations to the Al Nozha Airport in Alexandria are expected to wrap up within a month, an unnamed source from the Egyptian Holding Company for Airports and Air Navigation <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334694\">tells Al Mal<\/a>. According to the source, it was \u201cillogical\u201d to halt the EGP 380 mn renovation project after President Abdel Fattah El Sisi announced the airport would not be used, as the developments were 95% complete at the time. Saudi Binladin Group, which had been awarded the rights to develop the terminal in 2015, is carrying out the renovations it was contracted for and is not concerned with the fate of the terminal, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334689\">sources tell the newspaper<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647869\" 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=\"647869\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/tmg-drops-egp-1-8-bn-lawsuit-against-nuca\/\">\r\n                            TMG drops EGP 1.8 bn lawsuit against NUCA                        <\/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\/22\/tmg-drops-egp-1-8-bn-lawsuit-against-nuca\/\" 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\/22\/tmg-drops-egp-1-8-bn-lawsuit-against-nuca\/')\">\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\/22\/tmg-drops-egp-1-8-bn-lawsuit-against-nuca\/\">\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=TMG drops EGP 1.8 bn lawsuit against NUCA&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/tmg-drops-egp-1-8-bn-lawsuit-against-nuca\/\">\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\/22\/tmg-drops-egp-1-8-bn-lawsuit-against-nuca\/&title=TMG drops EGP 1.8 bn lawsuit against NUCA\">\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=TMG+drops+EGP+1.8+bn+lawsuit+against+NUCA+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Ftmg-drops-egp-1-8-bn-lawsuit-against-nuca%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\/22\/tmg-drops-egp-1-8-bn-lawsuit-against-nuca\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647869\" class=\"content-area-description single-story post-647869 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Talaat Moustafa Group (TMG) says it has dropped the court case filed against the New Urban Communities Authority (NUCA), <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334705\">Al Mal<\/a> reports. TMG had filed a case seeking an EGP 1.8 bn from NUCA for infrastructure works at the Madinaty project, saying NUCA has not reimbursed the company. TMG says a committee was formed to resolve the dispute.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647872\" 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=\"647872\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/king-tuts-funerary-bed-ramses-ii-statue-to-be-transferred-to-grand-egyptian-museum\/\">\r\n                            King Tut\u2019s funerary bed, Ramses II statue to be transferred to Grand Egyptian Museum                        <\/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\/22\/king-tuts-funerary-bed-ramses-ii-statue-to-be-transferred-to-grand-egyptian-museum\/\" 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\/22\/king-tuts-funerary-bed-ramses-ii-statue-to-be-transferred-to-grand-egyptian-museum\/')\">\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\/22\/king-tuts-funerary-bed-ramses-ii-statue-to-be-transferred-to-grand-egyptian-museum\/\">\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=King Tut\u2019s funerary bed, Ramses II statue to be transferred to Grand Egyptian Museum&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/king-tuts-funerary-bed-ramses-ii-statue-to-be-transferred-to-grand-egyptian-museum\/\">\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\/22\/king-tuts-funerary-bed-ramses-ii-statue-to-be-transferred-to-grand-egyptian-museum\/&title=King Tut\u2019s funerary bed, Ramses II statue to be transferred to Grand Egyptian Museum\">\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=King+Tut%E2%80%99s+funerary+bed%2C+Ramses+II+statue+to+be+transferred+to+Grand+Egyptian+Museum+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fking-tuts-funerary-bed-ramses-ii-statue-to-be-transferred-to-grand-egyptian-museum%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\/22\/king-tuts-funerary-bed-ramses-ii-statue-to-be-transferred-to-grand-egyptian-museum\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1117.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"647873\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/king-tuts-funerary-bed-ramses-ii-statue-to-be-transferred-to-grand-egyptian-museum\/1117-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1117.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1117.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1117.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1117.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647872\" class=\"content-area-description single-story post-647872 post type-post status-publish format-standard has-post-thumbnail 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><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>King Tutankhamun\u2019s funerary bed will be transferred tomorrow to the Grand <\/strong><strong>Egyptian Museum<\/strong> (GEM), after a team of Egyptian and Japanese team restored the bed at the Egyptian Museum in Tahrir, <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/21\/1024691\">Al Borsa reports<\/a>. The Ramses II statue currently at the Tahrir museum is also expected to be moved to the GEM within months, the museum\u2019s general supervisor Tarek Tawfik said, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21052017&id=5cd76f01-b2ca-4cd9-a470-c8efda958211\">according to Al Shorouk<\/a>. According to Tawfik, the museum is on track to be partially opened early next year.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"647874\" 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=\"647874\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/4g-frequencies-cleared-and-ready-for-use-ntra-says\/\">\r\n                            4G frequencies cleared and ready for use, NTRA says                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/4g-frequencies-cleared-and-ready-for-use-ntra-says\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/4g-frequencies-cleared-and-ready-for-use-ntra-says\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/4g-frequencies-cleared-and-ready-for-use-ntra-says\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=4G frequencies cleared and ready for use, NTRA says&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/4g-frequencies-cleared-and-ready-for-use-ntra-says\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/4g-frequencies-cleared-and-ready-for-use-ntra-says\/&title=4G frequencies cleared and ready for use, NTRA says\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=4G+frequencies+cleared+and+ready+for+use%2C+NTRA+says+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2F4g-frequencies-cleared-and-ready-for-use-ntra-says%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/4g-frequencies-cleared-and-ready-for-use-ntra-says\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647874\" class=\"content-area-description single-story post-647874 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>The National Telecommunications Regulatory Authority (NTRA) is ready to hand over 4G spectra to the four local MNOs whenever they\u2019re ready, sources close to the matter<a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334659\">tell Al Mal<\/a>. The MNOs are in the final steps of technical preparations to launch 4G services, CIT Minister Yasser Al Kadi <a href=\"http:\/\/af.reuters.com\/article\/investingNews\/idAFKBN18H0AA-OZABS\">tells Reuters<\/a>.<\/p>\n<p>On a related note, Vodafone Egypt announced that it is still in talks with Telecom Egypt (TE) over a domestic roaming agreement,<a href=\"http:\/\/www.alborsanews.com\/2017\/05\/21\/1024700\">according to Al Borsa<\/a>.<\/p><\/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=\"647875\" 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=\"647875\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/el-said-heads-committee-to-restructure-nib\/\">\r\n                            El Said heads committee to restructure NIB                        <\/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\/22\/el-said-heads-committee-to-restructure-nib\/\" 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\/22\/el-said-heads-committee-to-restructure-nib\/')\">\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\/22\/el-said-heads-committee-to-restructure-nib\/\">\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 Said heads committee to restructure NIB&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/el-said-heads-committee-to-restructure-nib\/\">\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\/22\/el-said-heads-committee-to-restructure-nib\/&title=El Said heads committee to restructure NIB\">\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+Said+heads+committee+to+restructure+NIB+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fel-said-heads-committee-to-restructure-nib%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\/22\/el-said-heads-committee-to-restructure-nib\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647875\" class=\"content-area-description single-story post-647875 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> A government committee was formed to restructure the National Investment Bank (NIB), Planning Minister Hala El Said said, according to <a href=\"http:\/\/www.alborsanews.com\/2017\/05\/21\/1024583\">Al Borsa<\/a>. The committee is headed by El Said and includes Deputy CBE Governor Lobna Helal, Deputy Finance Minister Mohamed Maait, and NIB\u2019s Deputy Chairman Ahmed El Sayad. NIB\u2019s mandate is to finance projects included in the state\u2019s national economic and social development plan.<\/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=\"647876\" 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=\"647876\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\">\r\n                            Demand for glasses drops 40% as prices double y-o-y                        <\/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\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\" 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\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/')\">\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\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\">\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=Demand for glasses drops 40% as prices double y-o-y&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\">\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\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/&title=Demand for glasses drops 40% as prices double y-o-y\">\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=Demand+for+glasses+drops+40%25+as+prices+double+y-o-y+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fdemand-for-glasses-drops-40-as-prices-double-y-o-y%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\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647876\" class=\"content-area-description single-story post-647876 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> Demand for prescription eyeglasses and sunglasses have dropped by about 40% from the levels of summer 2016 as prices have increased by more than 100% since then, Chairman of Magrabi Optical Ibrahim El Maghrabi told <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=334635\">Al Mal<\/a>. He says prices were impacted by the float of the EGP and, for sunglasses, the new value-added taxes (VAT). El Maghrabi says the opticians section of the Cairo Chamber of Commerce is preparing to send the Finance Ministry a memo asking for sunglasses to become exempt from VAT, as they are often prescribed to patients and could thus be seen as having medical purposes.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647877\" 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=\"647877\">\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\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/house-manpower-committee-disagrees-over-labor-act-clause-on-child-labor\/\">\r\n                            House Manpower Committee disagrees over Labor Act clause on child labor                        <\/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\/22\/house-manpower-committee-disagrees-over-labor-act-clause-on-child-labor\/\" 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\/22\/house-manpower-committee-disagrees-over-labor-act-clause-on-child-labor\/')\">\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\/22\/house-manpower-committee-disagrees-over-labor-act-clause-on-child-labor\/\">\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=House Manpower Committee disagrees over Labor Act clause on child labor&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/house-manpower-committee-disagrees-over-labor-act-clause-on-child-labor\/\">\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\/22\/house-manpower-committee-disagrees-over-labor-act-clause-on-child-labor\/&title=House Manpower Committee disagrees over Labor Act clause on child labor\">\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=House+Manpower+Committee+disagrees+over+Labor+Act+clause+on+child+labor+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fhouse-manpower-committee-disagrees-over-labor-act-clause-on-child-labor%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\/22\/house-manpower-committee-disagrees-over-labor-act-clause-on-child-labor\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647877\" class=\"content-area-description single-story post-647877 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-legislation-policy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>An article of the Labor Act guaranteeing child laborers\u2019 right to pay sparked disagreements in the House Manpower Committee during discussions yesterday, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21052017&id=b4926ecf-8253-481d-8432-a4e327337383\">Al Shorouk reports<\/a>. MP Galila Othman claims the article would encourage children to drop out of school, while committee chairman Mohamed Wahaballah and Manpower Ministry representative Ehab Abdel Aty maintained it is geared towards protecting children\u2019s rights if they are forced to work at a young age.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647878\" 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=\"647878\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/prosecutor-general-refers-48-to-military-judiciary-over-accusations-of-church-bombings\/\">\r\n                            Prosecutor General refers 48 to military judiciary over accusations of church bombings                        <\/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\/22\/prosecutor-general-refers-48-to-military-judiciary-over-accusations-of-church-bombings\/\" 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\/22\/prosecutor-general-refers-48-to-military-judiciary-over-accusations-of-church-bombings\/')\">\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\/22\/prosecutor-general-refers-48-to-military-judiciary-over-accusations-of-church-bombings\/\">\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=Prosecutor General refers 48 to military judiciary over accusations of church bombings&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/prosecutor-general-refers-48-to-military-judiciary-over-accusations-of-church-bombings\/\">\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\/22\/prosecutor-general-refers-48-to-military-judiciary-over-accusations-of-church-bombings\/&title=Prosecutor General refers 48 to military judiciary over accusations of church bombings\">\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=Prosecutor+General+refers+48+to+military+judiciary+over+accusations+of+church+bombings+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fprosecutor-general-refers-48-to-military-judiciary-over-accusations-of-church-bombings%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\/22\/prosecutor-general-refers-48-to-military-judiciary-over-accusations-of-church-bombings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647878\" class=\"content-area-description single-story post-647878 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>48 people were referred to military judiciary on accusations of being members of Daesh and for allegedly being involved in three church bombings, <a href=\"http:\/\/www.reuters.com\/article\/us-egypt-violence-idUSKBN18H0MT?il=0\">Reuters<\/a> reports. \u201cPublic prosecutor Nabil Sadek said in a statement on Sunday that some of the suspects held leadership positions in Islamic State and formed cells in Cairo and the southern province of Qena to carry out the church attacks\u2026 The referral to the military judiciary paves the way for the suspects to face military trial,\u201d the newswire notes.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"647879\" 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=\"647879\">\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\/22\/egyptian-artisan-modernizes-fawanees-ramadan-to-compete-with-chinese-imports\/\">\r\n                            Egyptian artisan modernizes fawanees Ramadan to compete with Chinese imports                        <\/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\/22\/egyptian-artisan-modernizes-fawanees-ramadan-to-compete-with-chinese-imports\/\" 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\/22\/egyptian-artisan-modernizes-fawanees-ramadan-to-compete-with-chinese-imports\/')\">\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\/22\/egyptian-artisan-modernizes-fawanees-ramadan-to-compete-with-chinese-imports\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian artisan modernizes fawanees Ramadan to compete with Chinese imports&url=https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/egyptian-artisan-modernizes-fawanees-ramadan-to-compete-with-chinese-imports\/\">\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\/22\/egyptian-artisan-modernizes-fawanees-ramadan-to-compete-with-chinese-imports\/&title=Egyptian artisan modernizes fawanees Ramadan to compete with Chinese imports\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian+artisan+modernizes+fawanees+Ramadan+to+compete+with+Chinese+imports+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F05%2F22%2Fegyptian-artisan-modernizes-fawanees-ramadan-to-compete-with-chinese-imports%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\/22\/egyptian-artisan-modernizes-fawanees-ramadan-to-compete-with-chinese-imports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1273.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"647880\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/egyptian-artisan-modernizes-fawanees-ramadan-to-compete-with-chinese-imports\/1273-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1273.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1273.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1273.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1273.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647879\" class=\"content-area-description single-story post-647879 post type-post status-publish format-standard has-post-thumbnail 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>An Egyptian fanous (lantern) maker is producing his lanterns with acrylic posters of celebrities<\/strong> in hopes of guarding local lantern production against competition from China, <a href=\"http:\/\/www.reuters.com\/article\/us-religion-ramadan-egypt-custom-lantern-idUSKBN18H0XG\">Reuters reports<\/a>. Working out of his shop in Imbaba, Mohamed Gamal adorns his fawanees with the familiar faces of figures like President Abdel Fattah El Sisi, footballer Mohamed Salah, and even Abla Fahita. He tells the newswire that he wants to see his modern version of the traditional fanous reverse the trend of importing large quantities of lanterns from China, and instead have Egypt begin to export them.<\/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=\"647884\" 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=\"647884\">\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\/22\/by-the-numbers-56\/\">\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\/22\/by-the-numbers-56\/\" 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\/22\/by-the-numbers-56\/')\">\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\/22\/by-the-numbers-56\/\">\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\/22\/by-the-numbers-56\/\">\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\/22\/by-the-numbers-56\/&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%2F22%2Fby-the-numbers-56%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\/22\/by-the-numbers-56\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647884\" class=\"content-area-description single-story post-647884 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 18.0391 | Sell 18.1429<br \/>\n<strong>EGP \/ USD at CIB:<\/strong> Buy 18.05 | Sell 18.15<br \/>\n<strong>EGP \/ USD at NBE: <\/strong>Buy 17.95 | Sell 18.05<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 12,974 (+0.2%)<br \/>\n <strong>Turnover:<\/strong> EGP 690 mn (40% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +5.1%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session up 0.2%. CIB, the index heaviest constituent ended almost flat. EGX30\u2019s top performing constituents were: Arabian Cement up 3.0%, Egyptian Resorts up 1.9%, and Sidi Kerir Petrochemicals up 1.5%. Yesterday\u2019s worst performing stocks were: Cairo Oils & Soup down 6.8%, Heliopolis Housing down 0.5%, and Juhayna down 0.3%. The market turnover was EGP 690 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +9.1 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -2.8 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -6.3 mn<\/p>\n<p><strong>Retail<\/strong>: 64.9% of total trades | 65.7% of buyers | 64.1% of sellers<br \/>\n <strong>Institutions<\/strong>: 35.1% of total trades | 34.3% of buyers | 35.9% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 17.6% of total | 18.2% of buyers | 16.9% of sellers<br \/>\n <strong>Regional:<\/strong> 7.8% of total | 7.6% of buyers | 8.0% of sellers<br \/>\n <strong>Domestic:<\/strong> 74.6% of total | 74.2% of buyers | 75.1% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 50.89 (+1.11%)<br \/>\n <strong>Brent:<\/strong> USD 54.15 (+1.01%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.29 MMBtu, (+1.07%, June 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,253.60 \/ troy ounce (-0.02%)<\/p>\n<p><strong>TASI:<\/strong> 6,990.53 (+0.76%) (YTD: -3.05%)<br \/>\n <strong>ADX:<\/strong> 4,570.36 (-0.24%) (YTD: +0.53%)<br \/>\n <strong>DFM:<\/strong> 3,386.44 (+0.25%) (YTD: -4.09%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 404.46 (+0.20%) (YTD: +6.41%)<br \/>\n <strong>QE:<\/strong> 10,050.70 (-0.52%) (YTD: -3.70%)<br \/>\n <strong>MSM:<\/strong> 5,407.74 (-0.14%) (YTD: -6.48%)<br \/>\n <strong>BB: <\/strong>1,308.54 (-0.02%) (YTD: +7.22%)<\/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=\"647885\" 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\/22\/647885\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-647885\" class=\"content-area-description single-story post-647885 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>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>03-05 August (Thursday-Saturday): <a href=\"http:\/\/www.watrexexpo.com\/site\/\">Watrex Expo<\/a> Middle East, Cairo International Exhibition & Convention Center.<\/p>\n<p>26 August (Saturday): 27th <a href=\"http:\/\/www.moic.gov.eg\/Front\/Media\/NewsDetail.aspx?MedId=8121\">Egyptian-Jordanian Joint Higher Committee<\/a> meeting, Amman Jordan. (TBC).<\/p>\n<p>02-05 September (Saturday-Tuesday): Eid Al-Adha, national holiday (TBC).<\/p>\n<p>17-19 September (Sunday-Tuesday): Pipeline-Pipe-Sewer-Technology <a href=\"https:\/\/www.pipelinepipesewer.com\/\">Conference & Exhibition<\/a>, Intercontinental Citystars Hotel, Cairo.<\/p>\n<p>18-19 September (Monday-Tuesday): <a href=\"http:\/\/www.euromoneyconferences.com\/egypt.html?PageID=206706&SeriesID=11\">Euromoney Egypt conference<\/a>, venue TBD.<\/p>\n<p>20-23 September (Wednesday-Saturday): 2017 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>22 September (Friday): Islamic New Year, national holiday (TBC).<\/p>\n<p>03-05 October (Tuesday-Thursday): J.P. Morgan\u2019s <a href=\"https:\/\/www.jpmorgan.com\/country\/US\/EN\/detail\/1395980361643\">Credit and Equities Emerging Markets Conference<\/a>, London, UK.<\/p>\n<p>18-19 October (Wednesday-Thursday): <a href=\"http:\/\/eventful.com\/cairo\/events\/middle-east-info-security-summit-\/E0-001-084065592-6\">Middle East Info Security Summit<\/a>, Sofitel El Gezirah, Cairo.<\/p>\n<p>06 October (Friday): Armed Forces Day, national holiday.<\/p>\n<p>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>03-05 December (Sunday-Tuesday): <a href=\"https:\/\/www.solartecegypt.com\/en\/home.html\">Solar-Tec<\/a>, Cairo International Exhibition & Convention Centre.<\/p>\n<p>03-05 December (Sunday-Tuesday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html\">Electrix<\/a>, Cairo International Exhibition & Convention Centre.<\/p>\n<p>08-10 December (Friday-Sunday): RiseUp Summit, Downtown Cairo.<\/p>\n\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":647847,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-647846","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8c3d2803-c8bc-45cf-b316-416281074991","teaser":"","photo_url":"https:\/\/ent.news\/2016\/7\/444.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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