{"id":649701,"date":"2017-03-07T04:38:03","date_gmt":"2017-03-07T04:38:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=649701"},"modified":"2025-12-17T22:21:18","modified_gmt":"2025-12-17T22:21:18","slug":"egypt-tapped-as-top-mena-market-performer-in-2017","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-tapped-as-top-mena-market-performer-in-2017\/","title":{"rendered":"Egypt tapped as top MENA market performer in 2017"},"content":{"rendered":"<section id=\"649703\" 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=\"649703\">\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\/03\/07\/what-were-tracking-on-07-march-2017\/\">\r\n                            What we\u2019re tracking on 07 March 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\/03\/07\/what-were-tracking-on-07-march-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\/03\/07\/what-were-tracking-on-07-march-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\/03\/07\/what-were-tracking-on-07-march-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 07 March 2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/what-were-tracking-on-07-march-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\/03\/07\/what-were-tracking-on-07-march-2017\/&title=What we\u2019re tracking on 07 March 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+07+March+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fwhat-were-tracking-on-07-march-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\/03\/07\/what-were-tracking-on-07-march-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649703\" class=\"content-area-description single-story post-649703 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>Greetings from Dubai, where if you\u2019re not attending the EFG Hermes One on One, we\u2019ve got you covered this morning.<\/p><p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>A poll of nearly 700 institutional investors and top leading companies in MENA and frontier markets tipped Egypt as the market that will \u201cperform best in MENA and frontier markets in 2017 in USD terms.\u201d <\/strong>Participants in the EFG Hermes Consensus poll, which included more than 500 fund managers and institutional investors controlling AUM of more than 10 tn, were voting live in Dubai yesterday morning at the <a href=\"https:\/\/oneonone2017.efghermes.com\/pages\/home.aspx\">thirteenth EFG Hermes One on One<\/a>, the largest MENA and frontier-dedicated investor event globally. The One on One continues today and tomorrow.<\/p><p><strong>What other markets are in favor? <\/strong>46% of respondents tipped Egypt as the best likely performer in MENA and FM this year, followed by the UAE at 16% and Pakistan at 13%. Although emerging markets outperformed MENA markets in 2016, <strong>60% of respondents said they expect MENA to outperform global emerging market this year. <\/strong>Some 32% of respondents think healthcare stocks will perform best this year, followed by banks (27%) and consumer plays (22%).<\/p><p><strong>If you invest or do business in MENA or frontier markets, you\u2019ll want to <\/strong><a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/03\/EFG-Consensus-2017.pdf\"><strong>have a look at the chart-heavy survey results (pdf) <\/strong>and the accompanying note<\/a> from the EFG Hermes Research team. Questions cover everything from key risk factors to views on oil prices, expectations of key markets, and some inside baseball stuff near and dear to our hearts\u2014 including whether passive funds will continue to effectively take AUM from actively managed funds and whether respondents are willing to pay for research as the industry braces for <a href=\"https:\/\/www.bloomberg.com\/professional\/mifid-ii\/\">MiFID II<\/a>.<\/p><p><strong>Also at the One on One yesterday:<\/strong> Investment and International Cooperation Minister <strong>Sahar Nasr<\/strong> and Emaar Properties boss (and prolific MENA and EM investor) <strong>Mohamed Alabbar<\/strong> took to the stage to talk about change. We\u2019ll have full coverage of their remarks later this week.<\/p><p><strong>It was a big day for: EFG Hermes\u2026 <\/strong>Aside from this year\u2019s gathering being the largest One on One yet, it <a href=\"https:\/\/www.efghermes.com\/en\/News\/Pages\/Corporate-News-Details.aspx?wurl=\/en\/News&amp;lid=64f7e8df-e76b-42cf-9180-30f24b4b9ed1&amp;vid=9310a3fc-11e6-4145-927d-c49e5a218ddf&amp;iid=355\">marked the first conference where non-GCC frontier companies turned out in force<\/a>. EFG Hermes Group CEO <strong>Karim Awad<\/strong> told attendees yesterday that, \u201cMirroring our geographical expansion ambitions, this year our flagship One on One conference sees a marked increase in market representation with companies from 19 countries spanning the UAE, Egypt, Saudi Arabia, Pakistan and Kenya, among many others.\u201d <strong>Half of the almost two dozen participating FM companies are from Pakistan<\/strong>, which will be upgraded to MSCI Emerging Market status in May. Pakistani companies attending this week are expected to account for c.44% of the MSCI Pakistan Index when it launches. That comes just ahead of the expected closure of EFG Hermes acquisition of Pakistan\u2019s IFSL.<\/p><p><strong>\u2026marking its transformation into the premier frontier markets finance house<\/strong>, structured along three business lines: The investment bank; a non-bank financing arm that includes leasing and microfinance (and, according to Awad, \u201csoon consumer finance in Egypt); and a \u201cmerchant bank that manages our liquid balance sheet to enhance the Group\u2019s future growth and return on equity,\u201d Awad noted.<\/p><p><strong>EFG Hermes also launched small and mid-cap coverage<\/strong> of some of the best stocks which it feels has gone unnoticed for too long, bringing their total coverage to 177 companies in the region.<\/p><p><strong>It was also a big day for: Mohamed Ebeid and Karim Moussa<\/strong>, longstanding friends of Enterprise. EFG Hermes Group Chief Executive Officer Karim Awad noted that both men have been named co-CEOs of the investment bank at EFG Hermes, with Ebeid (the longtime co-head of brokerage) heading up the sell side, including brokerage, investment banking and research. Moussa, until his appointment the head of private equity at EFG, will be Ebeid\u2019s counterpart on the buy side, building a new platform based on the firm\u2019s private equity and asset management divisions. <strong>Mohamed El Wakeel<\/strong>, meanwhile, will head all back-office operations as chief operating officer, Awad noted in remarks yesterday, and <strong>Ahmed Waly <\/strong>becomes the sole head of brokerage.<\/p><p>Separately, Moussa <a href=\"http:\/\/uk.reuters.com\/article\/efg-hermes-uk-renewables-idUKKBN16D1N7\">announced<\/a> that EFG Hermes\u2019 renewable energy platform <strong>Vortex plans to close its GBP 470 mn acquisition<\/strong> of 24 solar parks from TerraForm power in May or June.<\/p><p><strong>Away from Dubai, Trump\u2019s travel ban lite:<\/strong> US President Donald Trump is reissuing his travel ban executive order with \u201csignificant concessions\u201d from his prior directive, <a href=\"http:\/\/www.politico.com\/story\/2017\/03\/trump-releases-new-travel-ban-executive-order-235720\">Politico<\/a> writes. The new directive exempts existing visa holders from travel limits and removes Iraq from the original list of barred countries. \u201cThe new order will put a 90-day hold on issuance of visas to citizens of six countries: Iran, Libya, Somalia, Sudan, Syria and Yemen. It also stops refugee admissions worldwide for 120 days.\u201d The rollout of this directive could be less chaotic than its predecessor\u2019s as it includes a 10-day delay to allow coordination before the measure kicks in.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"649704\" 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 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HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/on-the-horizon-241\/\">\r\n                            On the horizon                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/on-the-horizon-241\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li 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                  \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/on-the-horizon-241\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649705\" class=\"content-area-description single-story post-649705 post type-post status-publish format-standard hentry category-on-the-horizon tag-enterpriseam tag-on-the-horizon wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The House of Representatives\u2019 Housing Committee will be voting on the State Contractors Act in a plenary session next Monday, <\/strong>after giving a preliminary nod to the bill on Monday, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=325128\">Al Mal<\/a> reports. The legislation will compensate suppliers and contractors for FX losses incurred after the EGP float and has been in the works since December.<\/p>\n<p>On the legislative agenda this month is also <strong>the Natural Gas Act, which will be voted on by the House general assembly at the end of March. <\/strong><\/p>\n<p><strong>A World Bank delegation is due in town before mid-March<\/strong> to evaluate the economic reform. World Bank Country Director for Egypt, Yemen and Djibouti Asad Alam had good things to say on that front, stating that the reform agenda were doing wonders as far as attracting foreign investment and bolstering exports,<a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=06032017&id=43eca0e5-5aa5-4bd2-aaa3-379e58a0b90f\">Al Shorouk<\/a> reports.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-horizon\/\">ON THE HORIZON<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"649706\" 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=\"649706\">\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\/03\/07\/ci-capital-ipo-postponed-to-1q18-fx-concerns-still-loom-over-talking-heads\/\">\r\n                            CI Capital IPO postponed to 1Q18; FX concerns still loom over talking heads                        <\/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\/03\/07\/ci-capital-ipo-postponed-to-1q18-fx-concerns-still-loom-over-talking-heads\/\" 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\/03\/07\/ci-capital-ipo-postponed-to-1q18-fx-concerns-still-loom-over-talking-heads\/')\">\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\/03\/07\/ci-capital-ipo-postponed-to-1q18-fx-concerns-still-loom-over-talking-heads\/\">\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=CI Capital IPO postponed to 1Q18; FX concerns still loom over talking heads&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/ci-capital-ipo-postponed-to-1q18-fx-concerns-still-loom-over-talking-heads\/\">\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\/03\/07\/ci-capital-ipo-postponed-to-1q18-fx-concerns-still-loom-over-talking-heads\/&title=CI Capital IPO postponed to 1Q18; FX concerns still loom over talking heads\">\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=CI+Capital+IPO+postponed+to+1Q18%3B+FX+concerns+still+loom+over+talking+heads+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fci-capital-ipo-postponed-to-1q18-fx-concerns-still-loom-over-talking-heads%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\/03\/07\/ci-capital-ipo-postponed-to-1q18-fx-concerns-still-loom-over-talking-heads\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649706\" class=\"content-area-description single-story post-649706 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>CI Capital\u2019s IPO, which was slated for 2017, might be postponed to 1Q18, CEO Mahmoud Attallah tells Hona Al Asema\u2019s Lamees Al Hadidi<\/strong>. Speaking on the sale of CI Capital, Attallah said that the after the Egyptian Financial Supervisory Authority (EFSA) approved requests from 12 out of 15 interested investors, with the remaining three investors having been denied approval for incomplete paperwork (<a href=\"https:\/\/www.youtube.com\/watch?v=oB_VLUNCPSs\">watch,<\/a> runtime 8:49).<\/p>\n<p><strong>Lamees then spoke to Beltone Financial\u2019s Head of research Hany Genena<\/strong> <strong>about the depreciation of the EGP this week<\/strong>. He explained that this was due to a spike in demand for USD to import stocks for Ramadan. He adds another explanations, stating that elections in Europe have strengthened the USD. Genena added that the EGP\u2019s depreciation is not a bad thing, encouraging importers to move into industry and benefit from the competitive value of exports.<\/p>\n<p><strong>El Hadidy then moved on to the news about bank\u2019s covering banks\u2019 SAR needs for the umrah <\/strong>season (more on that in Banking + Finance). She spoke to Emad Samy, the head of the religious tourism department at the Cairo Chambers of Commerce about the agreement between the National Bank of Egypt, Banque Misr, and Banque du Caire to supply the SAR 700 mn needed over the coming three months. He counters Lamees\u2019 point that the move would add pressure to the currency market by stating that If the banks don\u2019t do it, companies would have to rely on exchange bureaus, or worse, the black market (<a href=\"https:\/\/www.youtube.com\/watch?v=0ROjqd5vejE\">watch,<\/a> runtime 41:39).<\/p>\n<p><strong>Banque Misr Chairman Mohamed El Etreby concurred<\/strong>, warning of the dire consequences if the parallel market should ever see a resurgence (<a href=\"https:\/\/www.youtube.com\/watch?v=J6GLZdIQK90\">watch,<\/a> runtime 5:33).<\/p>\n<p><strong>Kol Youm\u2019s Amr Adib<\/strong> <strong>spoke to Investment and International Cooperation Minister Sahar Nasr, who gave a keynote speech at the EFG Hermes\u2019 One on One Conference in Dubai<\/strong>. \u201cThe main complaint I heard from investors was regarding bureaucracy,\u201d Nasr said, adding that she was working towards cutting all the red tape and has just signed agreements last Sunday to that end, one of which allows new companies to register digitally. <strong>Nasr also said that businessman Mohamed Alabbar promised new investments in Egypt <\/strong>(<a href=\"https:\/\/www.youtube.com\/watch?v=V_A_7hPF5s0\">watch,<\/a> runtime 9:14).<\/p>\n<p><strong>Adib also spoke to MP and House Economic Committee member Solaf Darwish about the extensive size of Ramadan-related imports,<\/strong> like lanterns and nuts, and the unnecessary FX spent on these products that could easily be sourced locally. Darwish said she filed an inquiry to discuss the matter with Supply Minister Ali El Moselhy (<a href=\"https:\/\/www.youtube.com\/watch?v=1b3zUUvTA7U\">watch,<\/a> runtime 3:29).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"649707\" 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=\"649707\">\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\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/\">\r\n                            Investment disputes settlement committee reaches settlement with Utsch in arbitration cases filed against Egypt -Exclusive                        <\/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\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/\" 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\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/')\">\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\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/\">\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=Investment disputes settlement committee reaches settlement with Utsch in arbitration cases filed against Egypt -Exclusive&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/\">\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\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/&title=Investment disputes settlement committee reaches settlement with Utsch in arbitration cases filed against Egypt -Exclusive\">\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=Investment+disputes+settlement+committee+reaches+settlement+with+Utsch+in+arbitration+cases+filed+against+Egypt+-Exclusive+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Finvestment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive%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\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649707\" class=\"content-area-description single-story post-649707 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 id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>The Ministerial Committee for Settlement of Investment Disputes is finalizing a draft settlement agreement with Germany\u2019s Utsch AG over its international arbitration case filed against Egypt<\/strong>, Committee Chairman Deputy Justice Minister for Arbitration and International Disputes <a href=\"https:\/\/enterprise.press\/stories\/2016\/11\/10\/coffee-with-moustafa-el-bahabety-deputy-justice-minister-for-arbitration-and-international-disputes-and-the-commissioner-of-the-high-council-for-international-arbitration\/\">Moustafa El Bahabety<\/a> told Enterprise exclusively.<\/p>\n<p><strong>The background:<\/strong> The case dates back to what was known as the \u201clicense plates\u201d case in which former Prime Minister Ahmed Nazif, former Interior Minister Habib El Adly, and former Finance Minister Youssef Boutros Ghali were charged with corruption charges related to the 2008 purchase of car license plates from Utsch. Nazif and El Adly were cleared of the charges in 2015. The court in <a href=\"http:\/\/www.theaustralian.com.au\/news\/nation\/conviction-taints-car-plate-firm\/news-story\/59529ecbd9c50380fa7f3471d710322f\">2011<\/a> had also initially convicted Erich Utsch AG\u2019s Chairman and CEO, <a href=\"http:\/\/www.bloomberg.com\/research\/stocks\/private\/person.asp?personId=51231820&privcapId=30587566\">Helmut Jungbluth<\/a>, with the ministers, sending him to one year in prison in absentia. Having been sentenced in absentia, Jungbluth could not appeal the decision as he was not physically present in Egypt. The company responded and its subsidiaries\u00a0<a href=\"http:\/\/www.bloomberg.com\/research\/stocks\/private\/snapshot.asp?privcapId=46129536\">Utsch M.O.V.E.R.S. International<\/a>and\u00a0Erich Utsch, as well as Jungbluth himself, filed an international arbitration case against Egypt seeking compensation for damages in ICSID Case No. <a href=\"https:\/\/icsid.worldbank.org\/en\/Pages\/cases\/casedetail.aspx?CaseNo=ARB\/13\/37\">ARB\/13\/37<\/a>.<\/p>\n<p><strong>The good news: <\/strong>After the parties agreed to suspend case proceedings in July 2016, El Bahabety tells us an agreement has been reached and a settlement between Egypt, Utsch, and Jungbluth is currently being drafted and will be signed soon. The agreement was possible following a 2015 amendment to article 18-B of the criminal procedures law that allowed for lawyers to represent clients who were convicted in absentia in felonies and file to reinstate proceedings, which resulted in Jungbluth\u2019s acquittal.<\/p>\n<p>\u2026Separately, sources told <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=325021\">Al Mal<\/a><strong> that the office of President Abdel Fattah El Sisi is getting involved to help resolve disputes surrounding Orascom Housing Communities (OHC)\u2019s Haram City affordable housing project<\/strong>. The project came to a halt in 2011, but Ittihadiya has reportedly tasked the Ministerial Committee for Settlement of Investment Disputes to resolve the disputes with international partners in the project. <strong>El Bahabety could not confirm Al Mal\u2019s assertion of Ittihadiya\u2019s involvement<\/strong>, but told us talks with OHC are still in preliminary stages and all parties are considering means to settle the dispute. OHC says the state\u2019s New Urban Communities Authority (NUCA) was contracted to provide it with 2,000 feddans for the project, but ended providing 620 feddans only.<\/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=\"649717\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"649718\" 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=\"649718\">\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\">Spotlight<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/spotlight-on-egypt-as-the-belle-of-the-ball-in-regional-diplomacy\/\">\r\n                            Spotlight on Egypt as the belle of the ball in regional diplomacy                        <\/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\/03\/07\/spotlight-on-egypt-as-the-belle-of-the-ball-in-regional-diplomacy\/\" 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\/03\/07\/spotlight-on-egypt-as-the-belle-of-the-ball-in-regional-diplomacy\/')\">\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\/03\/07\/spotlight-on-egypt-as-the-belle-of-the-ball-in-regional-diplomacy\/\">\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=Spotlight on Egypt as the belle of the ball in regional diplomacy&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/spotlight-on-egypt-as-the-belle-of-the-ball-in-regional-diplomacy\/\">\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\/03\/07\/spotlight-on-egypt-as-the-belle-of-the-ball-in-regional-diplomacy\/&title=Spotlight on Egypt as the belle of the ball in regional diplomacy\">\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=Spotlight+on+Egypt+as+the+belle+of+the+ball+in+regional+diplomacy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fspotlight-on-egypt-as-the-belle-of-the-ball-in-regional-diplomacy%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\/03\/07\/spotlight-on-egypt-as-the-belle-of-the-ball-in-regional-diplomacy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649718\" class=\"content-area-description single-story post-649718 post type-post status-publish format-standard hentry category-spotlight tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Spotlight on Egypt as the belle of the ball in international diplomacy<\/strong><\/p>\n<p>Egypt has found itself being courted by numerous international powers, all with varying agendas that see the country as crucial to implementing their goals in the Middle East. This appears to be giving Egypt significant leverage on the international arena, allowing it to assert its policies and vindicating President Abdel Fattah El Sisi\u2019 <a href=\"https:\/\/enterprise.press\/stories\/2016\/12\/27\/the-sisi-doctrine-in-foreign-policy\/\">multi-polar foreign policy doctrine<\/a>.<\/p>\n<p><strong>Over in Brussels<\/strong> \u2014 where the endgame for the EU is stemming the flow of illegal migrants from North Africa \u2014 <strong>Egypt was promised further support through development programs<\/strong> by the European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos who met with Foreign Minister Sameh Shoukry. Shoukry reasserted Egypt;s position that it will not hold detention camps for migrants and refugees, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1398849.aspx\">Ahram Gate<\/a> reported. The meeting, which is part of a series of talks which could see Egypt reach and Turkey-style migration agreement with the EU, follows a state visit by German Chancellor Angela Merkel last weekend, where she signed for USD 500 mn in new aid for Egypt and <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/05\/sisi-and-merkel-talk-refugee-agreement-development-aid-automotive-directive\/\">promised<\/a> El Sisi additional aid to help thwart migration.<\/p>\n<p><strong>Egyptians were spared entry into Trump\u2019s Muslim ban a second time around.<\/strong> President Donald Trump has not made his admiration of President Abdel Fattah El Sisi a secret, as some of his<a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/22\/rise-of-sebastian-gorka-a-key-trump-adviser-who-loves-el-sisi\/\">top advisers<\/a> advocate for forming a regional alliance with Egypt at the center, despite some in the <a href=\"http:\/\/www.huffingtonpost.com\/entry\/donald-trump-muslims_us_58b9bf7ee4b0b9989417709e\">US press<\/a> decrying that this comes at the expense of human rights. It appears we are heading that way following United States Central Command Commander General Joseph L. Votel\u2019s visit last month where he called for <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/27\/centom-commander-in-egypt-meets-with-el-sisi-sobhi\/\">renewing the Bright Star<\/a> joint military exercises. the <a href=\"http:\/\/www.jpost.com\/Opinion\/Its-time-for-Washington-to-strengthen-ties-with-Egypt-483412\">Jerusalem Post<\/a>\u2019s Joel Rosenberg makes the argument for <strong>why Trump must do more to court President Abdel Fattah El Sisi<\/strong>, which he describes as having leading a reformation of Islam in the region. Rosenberg dismisses human rights violations and feels this strengthening of ties will lend itself well to isolating Iran.<\/p>\n<p>On the flipside, <strong>Iran has seen an opening in the fallout between Egypt and Saudi Arabia and is more openly making overtures to Egypt.<\/strong> Most recently, Iran\u2019s Foreign Ministry spokesman expressed the hope for the removal of obstacles to stronger relations with Egypt, which he described as a \u201cmajor\u201d country in a weekly presser in Tehran on Monday, Iran\u2019s <a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2017\/03\/06\/1347255\/iran-eyes-closer-ties-with-egypt\">Tasnim News Agency<\/a> reports.<\/p>\n<p><strong>Iran\u2019s ally Russia also sees Egypt as crucial to <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/20\/egypt-as-a-key-element-in-trump-putin-me-strategy\/\"><strong>regaining influence<\/strong><\/a><strong> in the region.<\/strong> While it continues to play coy on the tourism front \u2014 <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/23\/the-russians-are-winking-at-us-to-get-dabaa-signed-before-we-worry-about-tourism\/\">hinting at a trade off<\/a> of Russian tourists for the USD 29 bn Daba\u2019a power plant \u2014 it is looking to expand bilateral and economic ties. 17 agreements <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/06\/russia-egypt-sign-17-intergovernmental-agreements\/\">were signed<\/a> this week during a Russian trade delegation visit to <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/05\/egypt-completes-90-of-russias-security-requirements\/\">expand the Russian Industrial Zone<\/a> in the Suez Canal.<\/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=\"649719\" 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=\"649719\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/will-smith-visits-the-egyptian-museum\/\">\r\n                            Will Smith visits The 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\/03\/07\/will-smith-visits-the-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\/03\/07\/will-smith-visits-the-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\/03\/07\/will-smith-visits-the-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=Will Smith visits The Egyptian Museum&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/will-smith-visits-the-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\/03\/07\/will-smith-visits-the-egyptian-museum\/&title=Will Smith visits The 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=Will+Smith+visits+The+Egyptian+Museum+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fwill-smith-visits-the-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\/03\/07\/will-smith-visits-the-egyptian-museum\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/3\/78.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"649720\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/will-smith-visits-the-egyptian-museum\/78-jpg-35\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/3\/78.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"78.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/3\/78.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/3\/78.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649719\" class=\"content-area-description single-story post-649719 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>The Fresh Prince meets the boy king:<\/strong> Will Smith looks like he enjoyed Cairo. After seeing the Giza Pyramids, he visited the Egyptian Museum and snapped selfies with relics there, including the mask of Tutankhamun. In related news, the bigger, more organized Grand Egyptian Museum will be opened mid-2018, Antiquities Minister Khaled El Enany <a href=\"http:\/\/www.egyptindependent.com\/news\/grand-egyptian-museum-open-mid-2018-antiquities-minister\">announced<\/a>. <a href=\"https:\/\/enterprise.press\/stories\/2016\/12\/18\/grand-egyptian-museum-unable-to-calculate-cost-of-displays-due-to-egp-float\/\">Earlier reports<\/a> had indicated that the first phase would be opened late 2017 with the Museum\u2019s grand opening slated for 2020 upon completion.<\/p>\n<p><strong>\u2026 Smith is not the first to photograph the boy king, of course: <\/strong>Modern photographer Harry Cory Wright travelled to the Valley of the Kings to learn how Harry Burton, the first man to photograph Tutankhamun after his burial site was uncovered in 1922, as Rob Hastings writes for <a href=\"https:\/\/inews.co.uk\/explainers\/iq\/tutankhamun-photographer-harry-burton\/\">iNews<\/a>. Wright marvels at how Burton could have shot the pictures of Tutankhamun and in the dust of the desert with such technically demanding equipment as he documents and tries to recreate Burton\u2019s work for<a href=\"http:\/\/www.bbc.co.uk\/programmes\/b08h95c3\">BBC Four\u2019s current \u201cBritain in Focus\u201d photography season<\/a>. \u201cFor me, that is the big story: recognition of the power of what a photograph could do,\u201d says Cory Wright.<\/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=\"649721\" 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=\"649721\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\">\r\n                            Float like an Egyptian Nigeria, says Reuters                        <\/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\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\" 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\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/')\">\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\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\">\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=Float like an Egyptian Nigeria, says Reuters&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\">\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\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/&title=Float like an Egyptian Nigeria, says Reuters\">\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=Float+like+an+Egyptian+Nigeria%2C+says+Reuters+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Ffloat-like-an-egyptian-nigeria-says-reuters%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\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649721\" class=\"content-area-description single-story post-649721 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>In a thankfully slow night for Egypt in the foreign press, we have managed to catch some interesting reads (both good and bad).<\/p>\n<p><a href=\"http:\/\/in.reuters.com\/article\/nigeria-egypt-devaluation-idINL5N1GC2G5\"><strong>Reuters<\/strong><\/a><strong> is running an analytical piece which again cautions Nigeria to follow in Egypt\u2019s footsteps and adopt a full devaluation of the EGP<\/strong>. Those afraid of a currency collapse need only to look at Egypt and be reassured, as it quickly regained 20% of its value following a nosedive of 50% following the float, said Hasnain Malik, head of frontier markets strategy at Exotix in Dubai. The benefits of attracting capital inflows should not go unnoticed. \"What Egypt does show is that foreign capital is comfortable pricing risk and returning to a market when there is a liquid, functioning FX market for all,\" Malik added.<\/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=\"649725\" 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=\"649725\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/the-lack-of-media-coverage-on-sinai-shows-an-inability-to-disseminate-information-correctly\/\">\r\n                            The lack of media coverage on Sinai shows an inability to disseminate information correctly                        <\/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 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/the-lack-of-media-coverage-on-sinai-shows-an-inability-to-disseminate-information-correctly\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The lack of media coverage on Sinai shows an inability to disseminate information correctly&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/the-lack-of-media-coverage-on-sinai-shows-an-inability-to-disseminate-information-correctly\/\">\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\/03\/07\/the-lack-of-media-coverage-on-sinai-shows-an-inability-to-disseminate-information-correctly\/&title=The lack of media coverage on Sinai shows an inability to disseminate information correctly\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+lack+of+media+coverage+on+Sinai+shows+an+inability+to+disseminate+information+correctly+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fthe-lack-of-media-coverage-on-sinai-shows-an-inability-to-disseminate-information-correctly%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\/03\/07\/the-lack-of-media-coverage-on-sinai-shows-an-inability-to-disseminate-information-correctly\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649725\" class=\"content-area-description single-story post-649725 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The lack of media coverage on the situation in Sinai is only opens the door to misinformation<\/strong>, and serves to isolate the rest of the country from the struggles facing the military and the peninsula\u2019s population, Emad El Din Adib writes in a rare to-the-point column for <a href=\"http:\/\/www.elwatannews.com\/news\/details\/1917122\">El Watan<\/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\/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=\"649726\" 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=\"649726\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/middle-east-needs-more-creativity-in-oil-and-gas-exploration\/\">\r\n                            Middle East needs more creativity in oil and gas exploration                        <\/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\/03\/07\/middle-east-needs-more-creativity-in-oil-and-gas-exploration\/\" 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\/03\/07\/middle-east-needs-more-creativity-in-oil-and-gas-exploration\/')\">\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\/03\/07\/middle-east-needs-more-creativity-in-oil-and-gas-exploration\/\">\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=Middle+East+needs+more+creativity+in+oil+and+gas+exploration+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fmiddle-east-needs-more-creativity-in-oil-and-gas-exploration%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\/03\/07\/middle-east-needs-more-creativity-in-oil-and-gas-exploration\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649726\" class=\"content-area-description single-story post-649726 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>Eni\u2019s success in Egypt and new Iraqi oil discoveries show that \u201cthe Middle East and North Africa region does not explore enough, or in the right way,\u201d Robin Mills writes for <a href=\"http:\/\/www.thenational.ae\/business\/energy\/mena-countries-need-to-get-more-creative-when-exploring-for-oil\">The National<\/a>. \u201cThe remaining potential, particularly in underexplored regions such as Iran, Iraq and offshore Lebanon and North Africa, is vast,\u201d he says. Mills believes that national oil companies need to relax their grip and be open to more investment. He says \u201cthe region\u2019s national oil companies can think more creatively and proactively about exploration, perhaps creating special divisions with some freedom and an international mandate. Underexplored areas can be opened to international players, including imaginative specialists.\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\/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=\"649729\" 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=\"649729\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/usaid-funds-luxor-wastewater-plant-expansion\/\">\r\n                            USAID funds Luxor wastewater plant expansion                        <\/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\/03\/07\/usaid-funds-luxor-wastewater-plant-expansion\/\" 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\/03\/07\/usaid-funds-luxor-wastewater-plant-expansion\/')\">\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\/03\/07\/usaid-funds-luxor-wastewater-plant-expansion\/\">\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=USAID funds Luxor wastewater plant expansion&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/usaid-funds-luxor-wastewater-plant-expansion\/\">\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\/03\/07\/usaid-funds-luxor-wastewater-plant-expansion\/&title=USAID funds Luxor wastewater plant expansion\">\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=USAID+funds+Luxor+wastewater+plant+expansion+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fusaid-funds-luxor-wastewater-plant-expansion%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\/03\/07\/usaid-funds-luxor-wastewater-plant-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649729\" class=\"content-area-description single-story post-649729 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>USAID is funding an expansion of Luxor\u2019s wastewater treatment plant to double the capacity of the system, according to <a href=\"https:\/\/eg.usembassy.gov\/ar\/%D8%AA%D9%88%D8%B3%D8%B9%D8%A9-%D9%85%D8%AD%D8%B7%D8%A9-%D9%85%D8%B9%D8%A7%D9%84%D8%AC%D8%A9-%D8%A7%D9%84%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B5%D8%AD%D9%8A-%D9%84%D8%AF%D8%B9%D9%85-%D8%A7%D9%84%D8%B5-2\/\">a US Embassy statement<\/a>. The project is carried out in partnership with the Luxor Potable Water and Sanitation Company, the expansion will provide improved wastewater treatment for Luxor and El Bayadeya to meet projected population growth for the next two decades. The exact cost of the project was not outlined.<\/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=\"649731\" 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=\"649731\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/sherif-ismail-exempts-raw-sugar-from-import-tariffs\/\">\r\n                            Sherif Ismail exempts raw sugar from import tariffs                        <\/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\/03\/07\/sherif-ismail-exempts-raw-sugar-from-import-tariffs\/\" 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\/03\/07\/sherif-ismail-exempts-raw-sugar-from-import-tariffs\/')\">\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\/03\/07\/sherif-ismail-exempts-raw-sugar-from-import-tariffs\/\">\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=Sherif Ismail exempts raw sugar from import tariffs&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/sherif-ismail-exempts-raw-sugar-from-import-tariffs\/\">\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\/03\/07\/sherif-ismail-exempts-raw-sugar-from-import-tariffs\/&title=Sherif Ismail exempts raw sugar from import tariffs\">\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=Sherif+Ismail+exempts+raw+sugar+from+import+tariffs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fsherif-ismail-exempts-raw-sugar-from-import-tariffs%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\/03\/07\/sherif-ismail-exempts-raw-sugar-from-import-tariffs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649731\" class=\"content-area-description single-story post-649731 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Prime Minister Sherif Ismail exempted raw sugar imports from tariffs, to be applied retroactively from 1 January until 31 December, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=325110\">Al Mal<\/a> reports. Ismail had <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/19\/pm-brings-sugar-and-rice-customs-down-to-14-from-20\/\">reinstated the levy<\/a> on imported sugar in January, but reduced the tariffs from 20% to 14%. According to an unnamed source, the government is looking to import 1.2 mn tonnes of raw sugar throughout this year. Supply Minister Ali El Moselhy had <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/06\/supply-minister-sets-price-of-sugar-at-egp-10-5kg\/\">reduced the price of sugar<\/a> earlier this week to EGP 10.5 per kg for regular consumers, and set the price of sugar sold to traders at EGP 9,250 per tonne. The decision was welcomed by Federation of Egyptian Industries (FEI), with chairman of the FEI\u2019s sugar division Raafat Razika telling <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=325127\">the newspaper<\/a> that importing greater quantities of raw sugar is beneficial to local factories, which will be responsible for the refining process.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"649734\" 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=\"649734\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/lg-reduces-home-appliances-entertainment-devices\/\">\r\n                            LG reduces home appliances, entertainment devices                        <\/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\/03\/07\/lg-reduces-home-appliances-entertainment-devices\/\" 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\/03\/07\/lg-reduces-home-appliances-entertainment-devices\/')\">\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\/03\/07\/lg-reduces-home-appliances-entertainment-devices\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=LG reduces home appliances, entertainment devices&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/lg-reduces-home-appliances-entertainment-devices\/\">\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\/03\/07\/lg-reduces-home-appliances-entertainment-devices\/&title=LG reduces home appliances, entertainment devices\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=LG+reduces+home+appliances%2C+entertainment+devices+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Flg-reduces-home-appliances-entertainment-devices%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\/03\/07\/lg-reduces-home-appliances-entertainment-devices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649734\" class=\"content-area-description single-story post-649734 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>LG says it is reducing prices of its home appliances by 9% and home entertainment products by 11% after as the EGP strengthened, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=324937\">Al Mal<\/a> reported. Samsung is <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=324952\">following suit<\/a> and also reducing television prices by 20-22% until 15 March and has already reduced smartphone prices by 25%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"649735\" 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=\"649735\">\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\/03\/07\/accorhotels-rixos-form-joint-venture\/\">\r\n                            AccorHotels, Rixos form joint venture                        <\/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\/03\/07\/accorhotels-rixos-form-joint-venture\/\" 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\/03\/07\/accorhotels-rixos-form-joint-venture\/')\">\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\/03\/07\/accorhotels-rixos-form-joint-venture\/\">\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=AccorHotels, Rixos form joint venture&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/accorhotels-rixos-form-joint-venture\/\">\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\/03\/07\/accorhotels-rixos-form-joint-venture\/&title=AccorHotels, Rixos form joint venture\">\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=AccorHotels%2C+Rixos+form+joint+venture+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Faccorhotels-rixos-form-joint-venture%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\/03\/07\/accorhotels-rixos-form-joint-venture\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649735\" class=\"content-area-description single-story post-649735 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>AccorHotels and Rixos formed a joint venture, through which they will co-develop and manage Rixos branded resorts & hotels worldwide,\u201d <a href=\"http:\/\/www.reuters.com\/article\/brief-accorhotels-and-rixos-hotels-annou-idUSFWN1GJ015\">Reuters<\/a> reported. AccorHotels will have a 50% stake in the joint venture management company. AccorHotels <a href=\"http:\/\/www.hoteliermiddleeast.com\/28941-accorhotels-signs-four-new-hotel-projects-in-egypt\/\">operates<\/a> 17 hotels in Egypt, with 14 more in the pipeline, and Rixos Egypt <a href=\"http:\/\/www.dailynewsegypt.com\/2015\/05\/27\/rixos-seagate-sharm-to-launch-in-august-with-renovations-of-55m-general-manager\/\">owns<\/a> three hotels.<\/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=\"649738\" 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=\"649738\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/egyptian-kuwaiti-company-for-castings-injects-usd-30-mn-in-car-brakes\/\">\r\n                            Egyptian Kuwaiti Company for Castings injects USD 30 mn in car brakes                        <\/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\/03\/07\/egyptian-kuwaiti-company-for-castings-injects-usd-30-mn-in-car-brakes\/\" 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\/03\/07\/egyptian-kuwaiti-company-for-castings-injects-usd-30-mn-in-car-brakes\/')\">\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\/03\/07\/egyptian-kuwaiti-company-for-castings-injects-usd-30-mn-in-car-brakes\/\">\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 Kuwaiti Company for Castings injects USD 30 mn in car brakes&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/egyptian-kuwaiti-company-for-castings-injects-usd-30-mn-in-car-brakes\/\">\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\/03\/07\/egyptian-kuwaiti-company-for-castings-injects-usd-30-mn-in-car-brakes\/&title=Egyptian Kuwaiti Company for Castings injects USD 30 mn in car brakes\">\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+Kuwaiti+Company+for+Castings+injects+USD+30+mn+in+car+brakes+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fegyptian-kuwaiti-company-for-castings-injects-usd-30-mn-in-car-brakes%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\/03\/07\/egyptian-kuwaiti-company-for-castings-injects-usd-30-mn-in-car-brakes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649738\" class=\"content-area-description single-story post-649738 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Automotive supplier Egyptian Kuwaiti Company for Castings will invest USD 30 mn in an automotive castings plant to manufacture brakes, Vice Chairman Ahmed Fikry Abdel Wahab told <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=325026\">Al Mal<\/a>. The factory will be operational by the end of the year and targets tripling the company's production to 3 mn disc brakes annually, Abdel Wahab said. Egyptian Kuwaiti Company for Castings (also referred to as <a href=\"http:\/\/english.mubasher.info\/news\/2249503\/Kuwait-Foundry-founds-100-mln-unit-in-Egypt\">Egyptian Kuwaiti Foundry<\/a>) is a <a href=\"http:\/\/english.mubasher.info\/news\/2621537\/Kuwait-Foundry-cuts-Egyptian-for-Castings-stake-to-50-\">joint venture<\/a> between the Egyptian German Automotive Company, the National Automotive Company, and Kuwait Foundry Company.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"649739\" 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=\"649739\">\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\/03\/07\/nbe-says-it-will-net-almost-egp-12-5-bn-in-fy2016-17\/\">\r\n                            NBE says it will net almost EGP 12.5 bn in FY2016-17                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/nbe-says-it-will-net-almost-egp-12-5-bn-in-fy2016-17\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/nbe-says-it-will-net-almost-egp-12-5-bn-in-fy2016-17\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/nbe-says-it-will-net-almost-egp-12-5-bn-in-fy2016-17\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=NBE says it will net almost EGP 12.5 bn in FY2016-17&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/nbe-says-it-will-net-almost-egp-12-5-bn-in-fy2016-17\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/nbe-says-it-will-net-almost-egp-12-5-bn-in-fy2016-17\/&title=NBE says it will net almost EGP 12.5 bn in FY2016-17\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=NBE+says+it+will+net+almost+EGP+12.5+bn+in+FY2016-17+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fnbe-says-it-will-net-almost-egp-12-5-bn-in-fy2016-17%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/nbe-says-it-will-net-almost-egp-12-5-bn-in-fy2016-17\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649739\" class=\"content-area-description single-story post-649739 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>National Bank of Egypt (NBE) expects to match its profit levels of EGP 12.5 bn recorded in FY2015-16 after making EGP 6 bn in 1H2016-17, Deputy Chairman Yehia Aboul Fotouh told <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=325024\">Al Mal<\/a>. He says the bank\u2019s credit portfolio increased by 50% y-o-y by December\u2019s end, recording EGP 350 bn, with deposits also up by 34% y-o-y to EGP 750 bn. Aboul Fotouh also noted that NBE\u2019s AGM agreed to increase the bank\u2019s paid-in capital by EGP 13.65 bn to reach EGP 28.65 bn.<\/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=\"649742\" 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=\"649742\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/supply-minister-ali-el-moselhy-considers-cuts-to-bread-point-system\/\">\r\n                            Supply Minister Ali El Moselhy considers cuts to bread point system                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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            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=Supply+Minister+Ali+El+Moselhy+considers+cuts+to+bread+point+system+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Fsupply-minister-ali-el-moselhy-considers-cuts-to-bread-point-system%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\/03\/07\/supply-minister-ali-el-moselhy-considers-cuts-to-bread-point-system\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649742\" class=\"content-area-description single-story post-649742 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Supply Minister Ali El Moselhy is reportedly looking into a proposal to cut the number of loaves of bread under the bread points subsidy program to three loafs from five, <a href=\"http:\/\/www.egyptindependent.com\/news\/supply-minister-considers-limiting-share-bread-3-loaves-capita\">Al Masry Al Youm<\/a> reports. <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/27\/supply-ministry-plans-to-raise-ration-card-subsidies-by-egp-3-4-a-month\/\">Last week<\/a>, El Moselhy had come out strongly against the bread points system which he said had been costing the state EGP 500 mn per month.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"649743\" 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=\"649743\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/armed-forces-chief-of-staff-meets-with-nato-military-committee-chairman-in-cairo\/\">\r\n                            Armed Forces\u2019 Chief of Staff meets with NATO Military Committee Chairman in Cairo                        <\/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\/03\/07\/armed-forces-chief-of-staff-meets-with-nato-military-committee-chairman-in-cairo\/\" 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\/03\/07\/armed-forces-chief-of-staff-meets-with-nato-military-committee-chairman-in-cairo\/')\">\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\/03\/07\/armed-forces-chief-of-staff-meets-with-nato-military-committee-chairman-in-cairo\/\">\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=Armed Forces\u2019 Chief of Staff meets with NATO Military Committee Chairman in Cairo&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/armed-forces-chief-of-staff-meets-with-nato-military-committee-chairman-in-cairo\/\">\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\/03\/07\/armed-forces-chief-of-staff-meets-with-nato-military-committee-chairman-in-cairo\/&title=Armed Forces\u2019 Chief of Staff meets with NATO Military Committee Chairman in Cairo\">\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=Armed+Forces%E2%80%99+Chief+of+Staff+meets+with+NATO+Military+Committee+Chairman+in+Cairo+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Farmed-forces-chief-of-staff-meets-with-nato-military-committee-chairman-in-cairo%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                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Libya, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1098705\">Al Masry Al Youm<\/a> reports.<\/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=\"649744\" 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=\"649744\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/innoventures-accelerator-open-to-applicants-launches-egp-30-mn-vc-fund\/\">\r\n                            Innoventures accelerator open to applicants, launches EGP 30 mn VC fund                        <\/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\/03\/07\/innoventures-accelerator-open-to-applicants-launches-egp-30-mn-vc-fund\/\" 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\/03\/07\/innoventures-accelerator-open-to-applicants-launches-egp-30-mn-vc-fund\/')\">\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\/03\/07\/innoventures-accelerator-open-to-applicants-launches-egp-30-mn-vc-fund\/\">\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=Innoventures accelerator open to applicants, launches EGP 30 mn VC fund&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/innoventures-accelerator-open-to-applicants-launches-egp-30-mn-vc-fund\/\">\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\/03\/07\/innoventures-accelerator-open-to-applicants-launches-egp-30-mn-vc-fund\/&title=Innoventures accelerator open to applicants, launches EGP 30 mn VC fund\">\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=Innoventures+accelerator+open+to+applicants%2C+launches+EGP+30+mn+VC+fund+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F07%2Finnoventures-accelerator-open-to-applicants-launches-egp-30-mn-vc-fund%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\/03\/07\/innoventures-accelerator-open-to-applicants-launches-egp-30-mn-vc-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649744\" class=\"content-area-description single-story post-649744 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a href=\"http:\/\/innoventures.me\/\"><strong>Innoventures<\/strong><\/a><strong> announced applications are now open for the fourth cycle of its accelerator programme Startup Reaction<\/strong>, <a href=\"http:\/\/cpifinancial.net\/news\/category\/sme-finance\/post\/39931\/egyptian-startup-accelerator-innoventures-opens-fourth-cycle\">CPI Financial<\/a> reported. The programme is in partnership with Venture Capital for Africa (VC4A). Innoventures also launched a new EGP 30 mn venture capital fund. Startup Reactor offers seed funding up to EGP 300,000 and partner VC4A offers cash prizes of EUR 15,000.<\/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=\"649745\" 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=\"649745\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">19<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MARKETS YESTERDAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/by-the-numbers-86\/\">\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\/03\/07\/by-the-numbers-86\/\" 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\/03\/07\/by-the-numbers-86\/')\">\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\/03\/07\/by-the-numbers-86\/\">\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\/03\/07\/by-the-numbers-86\/\">\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\/03\/07\/by-the-numbers-86\/&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%2F03%2F07%2Fby-the-numbers-86%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\/03\/07\/by-the-numbers-86\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649745\" class=\"content-area-description single-story post-649745 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 16.6009 | Sell 16.7065<br \/>\n<strong>EGP \/ USD at CIB:<\/strong> Buy 16.75 | Sell 16.85<br \/>\n<strong>EGP \/ USD at NBE: <\/strong>Buy 16.7 | Sell 16.8<\/p>\n<p><strong>EGX30<\/strong> (Monday): 12,623 (+1.0%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.3 bn<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +2.3%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session up 1.0%. CIB, the index heaviest constituent rose 0.4%. The EGX30\u2019s top performing constituents were: Heliopolis Housing up 8.3%, Ezz Steel up 6.3%, and Madinet Nasr Housing up 4.1%. Yesterday\u2019s worst performing stocks included Domty down 4.4%, Eastern Co down 4.0%, and Juhayna down 1.8%. The market turnover was EGP1.3 billion, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP - 10.6 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP - 16.2 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP + 26.8 mn<\/p>\n<p><strong>Retail<\/strong>: 52.3% of total trades | 10.9% of buyers | 93.8% of sellers<br \/>\n <strong>Institutions<\/strong>: 47.7% of total trades | 89.1% of buyers | 6.2% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 4.0% of total | 3.9% of buyers | 4.1% of sellers<br \/>\n <strong>Regional:<\/strong> 83.6% of total | 83.5% of buyers | 83.7% of sellers<br \/>\n <strong>Domestic:<\/strong> 12.4% of total | 12.6% of buyers | 12.2% of sellers<\/p>\n<hr class=\"grey-line\">\n<p><span style=\"color: #299a0b; font-weight: bold;\">***<br \/>\nPHAROS VIEW<\/span><\/p>\n<\/p>\n<p><p><span style=\"color: #299a0b; font-weight: bold;\">***<\/span><\/p>\n<hr class=\"grey-line\">\n<p><strong>WTI:<\/strong> USD 53.14 (-0.11%)<br \/>\n <strong>Brent:<\/strong> USD 56.01 (+0.20%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.88 MMBtu, (-0.86%, April 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,226.10 \/ troy ounce (+0.05%)<br\n<strong>TASI:<\/strong> 6,976.4 (+0.1%) (YTD: -3.2%)<br \/>\n <strong>ADX:<\/strong> 4,604.3 (+0.9%) (YTD: +1.3%)<br \/>\n <strong>DFM:<\/strong> 3,556.8 (+0.4%) (YTD: +0.7%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 425.7 (0.0%) (YTD: +12.0%)<br \/>\n <strong>QE:<\/strong> 10,622.5 (-0.9%) (YTD: +1.8%)<br \/>\n <strong>MSM:<\/strong> 5,799.9 (-0.1%) (YTD: +0.3%)<br \/>\n <strong>BB: <\/strong>1,338.1 (-0.3%) (YTD: +9.6%)<\/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=\"649746\" 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\/03\/07\/649746\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-649746\" class=\"content-area-description single-story post-649746 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>06-08 March (Monday-Tuesday): <a href=\"https:\/\/oneonone2017.efghermes.com\/pages\/useful-information.aspx\">EFG Hermes One on One Conference<\/a>, Atlantis, The Palm, Dubai.<\/p>\n<p>15 March (Wednesday): Arab Women Organization\u2019s event: Investing in refugee women, UN General Assembly Building, New York City.<\/p>\n<p>18-19 March (Saturday-Sunday): Delegation of Japanese food industries companies visits Egypt.<\/p>\n<p>29-30 March (Wednesday-Thursday): <a href=\"http:\/\/www.cityscapeegypt.com\/conference-zone#overview\">Cityscape Egypt Conference<\/a>, Nile Ritz-Carlton, Cairo.<\/p>\n<p>29-31 March (Wednesday-Friday): <a href=\"http:\/\/mthc.alexu.edu.eg\/\">Balanced Development of Siwa Oasis International Tourism Conference<\/a>, Siwa Oasis.<\/p>\n<p>30 March (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>31 March - 03 April (Friday-Monday): <a href=\"http:\/\/www.cityscapeegypt.com\/\">Cityscape Egypt Exhibition<\/a>, Cairo International Convention Center, Cairo. <a href=\"http:\/\/www.cityscapeegypt.com\/forms\/conference-delegate-bookings\">Register here<\/a>.<\/p>\n<p>03-06 April (Monday-Thursday): <a href=\"http:\/\/agrofood-africa.com\/\">Agri & Foodex Africa<\/a>, Khartoum International Fair Ground, Khartoum, Sudan.<\/p>\n<p>04 April (Tuesday): Emirates NBD Egypt PMI reading for March announced. The report will be available <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">here<\/a>.<\/p>\n<p>08-10 April (Saturday-Monday): <a href=\"http:\/\/www.pharmaconex-exhibition.com\/\">Pharmaconex<\/a>, Cairo International Convention Center, Cairo.<\/p>\n<p>16 April (Sunday): Coptic Easter Sunday.<\/p>\n<p>17 April (Monday): Sham El Nessim, national holiday.<\/p>\n<p>20 April (Thursday): Closing date for the <a href=\"http:\/\/emra.gov.eg\/UI\/Lang1\/TDIDataShow.aspx?ID=60\">Egyptian Mineral Resources Authority bid round number 1 for 2017<\/a> for gold and associated minerals.<\/p>\n<p>24-25 April (Monday-Tuesday): Renaissance Capital\u2019s Egypt Investor Conference, Cape Town, South Africa.<\/p>\n<p>25 April (Tuesday): Sinai Liberation Day, national holiday.<\/p>\n<p>30 April - 03 May (Sunday-Wednesday): <a href=\"http:\/\/www.cementconcrete-me.com\/\">Cement & Concrete 2017<\/a>, Riyadh International Convention & Exhibition Center, Saudi Arabia.<\/p>\n<p>01 May (Monday): Labor Day, national holiday.<\/p>\n<p>08-09 May (Monday-Tuesday): Third <a href=\"http:\/\/egyptcsrforum.com\/\">Egypt CSR Forum<\/a>, Intercontinental Citystars Hotel, Cairo.<\/p>\n<p>16 May (Tuesday): Official expiry date for the decision to suspend capital gains taxes on stock market transactions.<\/p>\n<p>22-23 May (Monday-Tuesday): <a href=\"https:\/\/northafricamno.iqpc.ae\/?utm_source=email&utm_medium=internalemail&utm_campaign=28261.001+-+EM.5+-+Content+Primary+-+The+Spread+of+4G+report&utm_term=Homepage&utm_content=TEXT&mac=1-29536932645&disc=\">North Africa Mobile Network Optimisation Conference<\/a>, Cairo.<\/p>\n<p>27 May (Saturday): First day of Ramadan (TBC).<\/p>\n<p>26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC).<\/p>\n<p>30 June (Friday): 30 June, national holiday.<\/p>\n<p>23 July (Sunday): Revolution Day, national holiday.<\/p>\n<p>02-05 September (Saturday-Tuesday): Eid Al-Adha, national holiday (TBC).<\/p>\n<p>17-19 September (Sunday-Tuesday): Pipeline-Pipe-Sewer-Technology <a href=\"https:\/\/www.pipelinepipesewer.com\/\">Conference & Exhibition<\/a>, Intercontinental Citystars Hotel, Cairo.<\/p>\n<p>20-23 September (Wednesday-Saturday): 2017 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo<\/p>\n<p>22 September (Friday): Islamic New Year, national holiday (TBC).<\/p>\n<p>06 October (Friday): Armed Forces Day, national holiday.<\/p>\n<p>01 December (Friday): Prophet\u2019s Birthday, national holiday.<\/p>\n<p>08-10 December (Friday-Sunday): RiseUp Summit, Downtown Cairo.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":649702,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-649701","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7a840b04-536f-4a39-80e8-d787c95ad1bb","teaser":"","photo_url":"https:\/\/ent.news\/2017\/3\/1653.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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