{"id":650088,"date":"2017-03-16T04:05:06","date_gmt":"2017-03-16T04:05:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=650088"},"modified":"2025-12-17T22:36:24","modified_gmt":"2025-12-17T22:36:24","slug":"electricity-prices-set-to-rise-as-much-as-40-this-summer","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/electricity-prices-set-to-rise-as-much-as-40-this-summer\/","title":{"rendered":"Electricity prices set to rise as much as 40% this summer?"},"content":{"rendered":"<section id=\"650090\" 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=\"650090\">\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\/16\/what-were-tracking-on-16-march-2017\/\">\r\n                            What we\u2019re tracking on 16 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\/16\/what-were-tracking-on-16-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(); 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The quarter-point rise brings the benchmark Federal funds rate to 0.75-1.00%, and <strong>the Fed signaled two more rate increases are in the cards this year<\/strong>. <a href=\"http:\/\/www.reuters.com\/article\/us-usa-fed-idUSKBN16M0GY\">Reuters<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/fed-raises-interest-rates-remains-on-track-to-keep-tightening-1489600935\">Wall Street Journal<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/6723f69c-09a4-11e7-ac5a-903b21361b43\">Financial Times<\/a> have the blow-by-blow.<\/p><p><strong>Most relevant to us here in Omm El Donia<\/strong>, particularly those of you whose jobs it is to pitch foreign portfolio investors: \u201cIt\u2019s been a while since investors have shown emerging markets this much love. <strong>EM assets surged across the board on Wednesday as the market shrugged off the widely expected quarter point interest rate hike<\/strong> by the US Federal Reserve and cheered instead the move by policymakers to stick to its forecasts for two more rate increases this year,\u201d the <a href=\"https:\/\/www.ft.com\/content\/3ae62804-7942-35c4-b380-16cf1476b106\">Financial Times\u2019 Fast FT<\/a> writes, explaining that in the past, \u201cThe prospect of higher US interest rates tend to rattle EM assets \u2014 in part by driving up the greenback and raising the costs for countries that have a lot of USD-denominated debt and in part by drawing investors\u2019 cash back into US assets at the expense of developing markets.\u201d<\/p><p><strong>Hello, bankers? Is there a lesson for Egypt anywhere in here?<\/strong> Togo-headquartered <a href=\"http:\/\/www.ecobank.com\/group\/about-us\">Ecobank<\/a> thinks it can grow its customer base more than 7x in the next three years to 100 mn by 2020 using a new app \u201cafter announcing that it had signed up 1.5 million personal accounts\u201d via mobile, <a href=\"http:\/\/af.reuters.com\/article\/investingNews\/idAFKBN16M2QX-OZABS\">Reuters<\/a> reports. God knows the lessons may not be the obvious one, but this bears watching.<\/p><p>Also on the international scene: <strong>Dutch voters gave incumbent Prime Minister Mark Rutte <\/strong><a href=\"http:\/\/www.reuters.com\/article\/us-netherlands-election-open-idUSKBN16M0MB\"><strong>a<\/strong><strong>reduced majority<\/strong><\/a>, but left his party \u201con course for a resounding victory over anti-Islam and anti-EU Geert Wilders\u201d in yesterday\u2019s election.<\/p><p>Meanwhile, in America: <strong>The Trump administration is proposing to cut the State Department<\/strong><strong>and USAID budgets<\/strong> by some 30% each. The cuts should be in the budget blueprint expected to be released today, the <a href=\"https:\/\/www.wsj.com\/articles\/trump-to-propose-30-cut-to-state-dept-usaid-1489623424\">Wall Street Journal<\/a> reports.<\/p><p>Finally: <strong>Because 95 mn people just aren\u2019t enough, we\u2019re about to start giving work permi<\/strong><strong>ts to penguins<\/strong>, an unspecified number of which will be arriving by the end of the year to toil at Ski Egypt at MAF\u2019s Mall of Egypt, according to <a href=\"http:\/\/www.dailynewsegypt.com\/2017\/03\/15\/penguins-get-egyptian-nationality-end-year\/\">Daily News Egypt<\/a>. If the penguins get citizenship before our resident khawaga does, we will be rather miffed. Oh, and visitors to Ski Egypt: Please treat the penguins nicely. We can only imagine the international media frenzy that would ensue if we were to mistreat the poor things.<\/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=\"650091\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading 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href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egpc-to-suspend-all-future-fuel-import-tenders-as-aramco-agreement-back-on-house-plenary-vote-on-imf-loan-agreement-26-march-sameh-shoukry-dmc-interview\/\">\r\n                            EGPC to suspend all future fuel import tenders as Aramco agreement back on; House plenary vote on IMF loan agreement 26 March; Sameh Shoukry DMC interview                        <\/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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href=\"https:\/\/api.whatsapp.com\/send?text=EGPC+to+suspend+all+future+fuel+import+tenders+as+Aramco+agreement+back+on%3B+House+plenary+vote+on+IMF+loan+agreement+26+March%3B+Sameh+Shoukry+DMC+interview+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fegpc-to-suspend-all-future-fuel-import-tenders-as-aramco-agreement-back-on-house-plenary-vote-on-imf-loan-agreement-26-march-sameh-shoukry-dmc-interview%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\/16\/egpc-to-suspend-all-future-fuel-import-tenders-as-aramco-agreement-back-on-house-plenary-vote-on-imf-loan-agreement-26-march-sameh-shoukry-dmc-interview\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650092\" class=\"content-area-description single-story post-650092 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>Yahduth fi Masr\u2019s Sherif Amer<\/strong> was right on the money with his selection of topics last night, speaking with Oil Ministry spokesman Hamdy Abdel Aziz to get the details on the resumption of Saudi Aramco fuel shipments to Egypt (more on that in the Speed Round, below). Hamdy told Amer that Aramco\u2019s product accounted for 35% of Egypt\u2019s petroleum imports. He also said that the <strong>Egyptian General Petroleum Company will no longer tender for cargos to replace the Aramco shipments. <\/strong>He added that the EGPC is working on a new shipment schedule with Aramco that will factor in existing agreements signed to compensate for its boycott. Those include a one-year, 1 mn-barrel-per-month agreement with Iraq.<\/p>\n<p><strong>House Legislative Committee member Alaa Abdel Moneim chewed Amer\u2019s ear off <\/strong>about the committee\u2019s dislike of the USD 12 bn IMF loan agreement, which will be put to a vote in a plenary session no earlier than 26 March. Stressing that the committee was tasked with reviewing the constitutionality of the agreement, not its economic viability, Abdel Moneim said that most MPs (himself included) were grumbling about the fact the agreement was signed without parliament\u2019s approval. Can we stop talking about this now? Please?<\/p>\n<p>DMC\u2019s <strong>Osama Kamal sat down with Foreign Minister Sameh Shoukry, who talked about <\/strong><strong>diplomacy, tourism and travel bans.<\/strong> Shoukry said that Egypt has \u201cstrong historic ties\u201d with the United Kingdom that were complicated by the Metrojet crash in late 2015 (<a href=\"https:\/\/www.youtube.com\/watch?v=ZIoyk0C0LCQ\">watch<\/a>, runtime: 2:41) and denied that the rapprochement between Turkey and Russia could be the reason Russia has yet to resume flights to Egypt (<a href=\"https:\/\/www.youtube.com\/watch?v=RJ6zhXs761k\">watch<\/a>, runtime: 4:14). Shoukry said he does not believe the continued Russian and UK bans on flights are justifiable, saying Egypt has worked hard to meet their respective needs (<a href=\"https:\/\/www.youtube.com\/watch?v=cTyvXq_f3o4\">watch<\/a>, runtime: 3:00).<\/p>\n<p>Over on Al Hayah Al Youm, <strong>Tamer Amin hosted Immigration Minister Nabila Makram<\/strong> to explain why the ministry backed away from a proposal to exempt Egyptian expats\u2019 cars from customs upon their return to Egypt (<a href=\"https:\/\/www.youtube.com\/watch?v=TNMSWnmyhn4\">watch<\/a>, runtime: 2:44). Makram also said that a government committee is studying a proposal to provide Egyptians working abroad with insurance coverage, including offering compensation in cases of work-related injuries and arbitrary dismissal (<a href=\"https:\/\/www.youtube.com\/watch?v=_bqsu5YhH2Q\">watch<\/a>, runtime: 7:18).<\/p>\n<p>Amin then spoke with the <strong>Insurance Federation of Egypt\u2019s (IFE) Managing Director Saeed <\/strong><strong>Gabr,<\/strong> who said that the IFE wants the government to set a USD rate for the insurance sector, as it did with customs. According to Gabr, domestic insurance companies rely on FX in reinsurance transactions in their dealings with international companies, and the fluctuating FX rate is coming down hard on the sector (<a href=\"https:\/\/www.youtube.com\/watch?v=lOoC1Gd3y2s\">watch<\/a>, runtime: 6:50).<\/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=\"650093\" 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=\"650093\">\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\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/aramco-to-restart-fuel-shipments-to-egypt\/\">\r\n                            Aramco to restart fuel shipments to Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/aramco-to-restart-fuel-shipments-to-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/aramco-to-restart-fuel-shipments-to-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/aramco-to-restart-fuel-shipments-to-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Aramco to restart fuel shipments to Egypt&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/aramco-to-restart-fuel-shipments-to-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/aramco-to-restart-fuel-shipments-to-egypt\/&title=Aramco to restart fuel shipments to Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Aramco+to+restart+fuel+shipments+to+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Faramco-to-restart-fuel-shipments-to-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/aramco-to-restart-fuel-shipments-to-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650093\" class=\"content-area-description single-story post-650093 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Saudi Aramco is apparently going to start shipping oil to us once again<\/strong>, picking up deliveries on a five-year, USD 23 bn supply agreement with as much transparency as it <a href=\"https:\/\/enterprise.press\/stories\/2016\/10\/11\/aramco-told-egpc-it-was-cutting-supplies-no-reason-given-official\/\">cut them off in October<\/a>. Oil Minister Tarek El Molla made the announcement in a <a href=\"http:\/\/www.petroleum.gov.eg\/ar\/MediaCenter\/LocalNews\/Pages\/mop_15032017_03.aspx\">statement<\/a> yesterday. There remains no schedule for the resumption of shipments, but El Molla said there have been \u201congoing discussions\u201d between the two sides, stressing that the agreement had never been scrapped. Saudi state oil giant Aramco\u2019s decision to unilaterally stop shipments last year came amid political tensions between Cairo and Riyadh over the situation in Syria and Yemen, among other issues. According to the ministry, the decision to postpone the shipments were due to commercial reasons, including changes in global oil prices and Saudi Arabia cutting back on its oil production.<\/p>\n<p><strong>When will shipments resume? <\/strong>Reuters asked if it would be a matter of weeks, but an unnamed official at the Oil Ministry replied, \u201cNo, no, we are talking about a very short time period.\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\/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=\"650108\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"650109\" 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=\"650109\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/650109\/\">\r\n                                                    <\/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\/16\/650109\/\" 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\/16\/650109\/')\">\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\/16\/650109\/\">\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=&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/650109\/\">\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\/16\/650109\/&title=\">\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=+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2F650109%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\/16\/650109\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650109\" class=\"content-area-description single-story post-650109 post type-post status-publish format-standard hentry category-egypt-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>It\u2019s a relatively quiet day for Egypt in the international press, with no one story dominating coverage.<\/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=\"650114\" 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=\"650114\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/a-distinction-must-be-made-between-issa-hayatou-and-the-organization-he-leads\/\">\r\n                            A distinction must be made between Issa Hayatou and the organization he leads                        <\/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\/16\/a-distinction-must-be-made-between-issa-hayatou-and-the-organization-he-leads\/\" 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\/16\/a-distinction-must-be-made-between-issa-hayatou-and-the-organization-he-leads\/')\">\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\/16\/a-distinction-must-be-made-between-issa-hayatou-and-the-organization-he-leads\/\">\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=A distinction must be made between Issa Hayatou and the organization he leads&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/a-distinction-must-be-made-between-issa-hayatou-and-the-organization-he-leads\/\">\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\/16\/a-distinction-must-be-made-between-issa-hayatou-and-the-organization-he-leads\/&title=A distinction must be made between Issa Hayatou and the organization he leads\">\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=A+distinction+must+be+made+between+Issa+Hayatou+and+the+organization+he+leads+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fa-distinction-must-be-made-between-issa-hayatou-and-the-organization-he-leads%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\/16\/a-distinction-must-be-made-between-issa-hayatou-and-the-organization-he-leads\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650114\" class=\"content-area-description single-story post-650114 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>In the ongoing drama with Confederation of African Football (CAF) President Issa <\/strong><strong>Hayatou\u2019s corruption allegations, we should be careful to distinguish between Hayatou and the organization he leads,<\/strong> Yasser Ayoub writes in <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1102549\">Al Masry Al Youm<\/a>. While Hayatou may ultimately be proven to have engaged in less-than-honorable activities, the organization as a whole has supported Egyptian football time and again, including honoring Al Ahly Club for being the best African team, Ayoub says. In any case, we might not have to worry ourselves with the distinction for much longer, as CAF is set to hold its elections for a new president today.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"650115\" 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=\"650115\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/foreign-trade-and-diplomacy-on-16-march-2017\/\">\r\n                            Foreign trade and diplomacy on 16 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\/16\/foreign-trade-and-diplomacy-on-16-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\/16\/foreign-trade-and-diplomacy-on-16-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\/16\/foreign-trade-and-diplomacy-on-16-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=Foreign trade and diplomacy on 16 March 2017&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/foreign-trade-and-diplomacy-on-16-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\/16\/foreign-trade-and-diplomacy-on-16-march-2017\/&title=Foreign trade and diplomacy on 16 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=Foreign+trade+and+diplomacy+on+16+March+2017+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fforeign-trade-and-diplomacy-on-16-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\/16\/foreign-trade-and-diplomacy-on-16-march-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650115\" class=\"content-area-description single-story post-650115 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s ambassador to the UN, Amr Ramadan, is reportedly engaging in a war of<\/strong><strong>words at the UN\u2019s Human Rights Council<\/strong>, declaring once again that Egypt respects human rights and civil society organizations. His statements come in response to criticism and \u201cconcerns\u201d on Egypt\u2019s human rights record from representatives of the US, EU, and most randomly, Switzerland, according to <a href=\"http:\/\/www.youm7.com\/story\/2017\/3\/15\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B1%D8%AF-%D8%A8%D9%82%D9%88%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A-%D9%88%D8%AA%D9%81%D8%B6%D8%AD-%D8%B2%D9%8A%D9%81-%D9%85%D8%B2%D8%A7%D8%B9%D9%85%D9%87-%D8%AD%D9%88%D9%84\/3145400\">Youm7<\/a>.<\/p>\n<p><strong>The EU wants to ensure that Ethiopia will be using the Grand Ethiopian Renaissance <\/strong><strong>Dam solely for electricity production<\/strong> and will steer clear of using it for irrigation purposes, head of the EU delegation to Sudan Jean-Michel Dumond said on Tuesday, <a href=\"http:\/\/aawsat.com\/home\/article\/877951\/%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D8%A7-%D8%AA%D8%B7%D8%A7%D9%84%D8%A8-%D8%A5%D8%AB%D9%8A%D9%88%D8%A8%D9%8A%D8%A7-%D8%A8%D9%82%D8%B5%D8%B1-%D8%B3%D8%AF-%D8%A7%D9%84%D9%86%D9%87%D8%B6%D8%A9-%D8%B9%D9%84%D9%89-%D8%AA%D9%88%D9%84%D9%8A%D8%AF-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D9%88%D9%84%D9%8A%D8%B3-%D8%A7%D9%84%D8%B1%D9%8A?utm_source=dlvr.it&utm_medium=facebook\">Asharq Al-Awsat<\/a> reports. European countries are calling on Ethiopia to allow all Nile Basin countries to benefit from the dam, Dumond said.<\/p>\n<p><strong>A German parliamentary delegation currently in Egypt to discuss <\/strong><strong>illegal migration met with President Abdel Fattah El Sisi<\/strong> and Foreign Minister Sameh Shoukry yesterday, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=326364\">Al Mal<\/a> reports.<\/p>\n<p><strong>Further economic cooperation with Syria on the horizon:<\/strong> The Trade and Industry Ministry is currently studying establishing a 500K sqm Syrian industrial zone targeting the textiles industry, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1422324.aspx\">said<\/a> Trade and Industry Minister Tarek Kabil. He added that the Federation of Egyptian Chambers of Commerce will send a delegation to Syria in April to explore investment opportunities, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1422336.aspx\">Ahram Gate<\/a> reports.<\/p>\n<p>Meanwhile, <strong>Kabil arrived in Poland yesterday at the head of an Egyptian business <\/strong><strong>delegation<\/strong>, <a href=\"http:\/\/www.youm7.com\/story\/2017\/3\/15\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D9%88%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D9%8A%D8%A8%D8%AF%D8%A3-%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D8%B3%D8%B1%D9%8A%D8%B9%D8%A9-%D8%A5%D9%84%D9%89-%D8%A8%D9%88%D9%84%D9%86%D8%AF%D8%A7-%D9%84%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86\/3144697\">Youm7<\/a> reports.<\/p>\n<p>More love from central Europe: <strong>The Czech Foreign Trade Minister will be leading a business <\/strong><strong>delegation to Cairo<\/strong> towards the end of this year to discuss investment opportunities with, Trade Minister Tarek Kabil said yesterday, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=326228\">Al Mal<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"650116\" 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=\"650116\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/royal-dutch-shell-to-increase-gas-production-to-1-bcf-d-in-the-next-few-years\/\">\r\n                            Royal Dutch Shell to increase gas production to 1 bcf\/d in the next few years                        <\/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\/16\/royal-dutch-shell-to-increase-gas-production-to-1-bcf-d-in-the-next-few-years\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The company reportedly pledged to increase oil production from its Western Desert concessions to 200K bbl\/d from a current 130K bbl\/d at the same meeting.<\/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=\"650118\" 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=\"650118\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/cement-market-sees-18-mn-tons-surplus-in-supply-during-2016\/\">\r\n                            Cement market sees 18 mn tons surplus in supply during 2016                        <\/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\/16\/cement-market-sees-18-mn-tons-surplus-in-supply-during-2016\/\" 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\/16\/cement-market-sees-18-mn-tons-surplus-in-supply-during-2016\/')\">\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\/16\/cement-market-sees-18-mn-tons-surplus-in-supply-during-2016\/\">\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=Cement market sees 18 mn tons surplus in supply during 2016&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/cement-market-sees-18-mn-tons-surplus-in-supply-during-2016\/\">\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\/16\/cement-market-sees-18-mn-tons-surplus-in-supply-during-2016\/&title=Cement market sees 18 mn tons surplus in supply during 2016\">\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=Cement+market+sees+18+mn+tons+surplus+in+supply+during+2016+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fcement-market-sees-18-mn-tons-surplus-in-supply-during-2016%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\/16\/cement-market-sees-18-mn-tons-surplus-in-supply-during-2016\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650118\" class=\"content-area-description single-story post-650118 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The cement market produced 18 mn tons more than the local market wanted to buy last year, with total production reaching 72 mn tons, Al Tameer Cement\u2019s Managing Director Samir Sabry said at the Egypt Builders Conference yesterday, according to an emailed statement. Sabry said that the surplus can be used in state construction projects currently being implemented, or can be exported. Industry players had <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/06\/aswan-cement-to-apply-for-new-cement-license\/\">previously said<\/a> the market is saturated, but Sabry says there are six new production lines currently being added to the industry. The Industrial Development Authority (IDA) had tendered 14 cement licenses at the end of 2016, but only awarded three (to Egyptian Cement, South Valley Cement, and El Sewedy Cement). The IDA then opened tenders for the remaining 11 licenses in January, with <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/12\/seven-companies-apply-for-new-cement-licenses\/\">seven companies filing papers to acquire the licenses<\/a> as of early March.<\/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=\"650119\" 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=\"650119\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/redcon-to-begin-construction-of-egp-800-mn-medical-complex-in-alburouj\/\">\r\n                            Redcon to begin construction of EGP 800 mn medical complex in Alburouj                        <\/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\/16\/redcon-to-begin-construction-of-egp-800-mn-medical-complex-in-alburouj\/\" 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\/16\/redcon-to-begin-construction-of-egp-800-mn-medical-complex-in-alburouj\/')\">\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\/16\/redcon-to-begin-construction-of-egp-800-mn-medical-complex-in-alburouj\/\">\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=Redcon to begin construction of EGP 800 mn medical complex in Alburouj&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/redcon-to-begin-construction-of-egp-800-mn-medical-complex-in-alburouj\/\">\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\/16\/redcon-to-begin-construction-of-egp-800-mn-medical-complex-in-alburouj\/&title=Redcon to begin construction of EGP 800 mn medical complex in Alburouj\">\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=Redcon+to+begin+construction+of+EGP+800+mn+medical+complex+in+Alburouj+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fredcon-to-begin-construction-of-egp-800-mn-medical-complex-in-alburouj%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\/16\/redcon-to-begin-construction-of-egp-800-mn-medical-complex-in-alburouj\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650119\" class=\"content-area-description single-story post-650119 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Redcon Medical is breaking ground on an EGP 800 mn medical complex in Capital Group Properties\u2019 Alburouj compound, Redcon CFO Mostafa El Shibini tells <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=326288\">Al Mal<\/a>. The project\u2019s costs had ballooned from <a href=\"https:\/\/enterprise.press\/stories\/2016\/10\/11\/redcon-medical-to-inject-egp-500-mn-in-initial-investments-in-medical-park-in-alburouj\/\">EGP 500 mn<\/a> prior to the float. The complex will be built out in three phases over three years.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"650120\" 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=\"650120\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/okay-seriously-what-is-the-status-of-the-contract-with-cscec-and-the-new-capital\/\">\r\n                            Okay, seriously, what is the status of the contract with CSCEC and the new capital?                        <\/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\/16\/okay-seriously-what-is-the-status-of-the-contract-with-cscec-and-the-new-capital\/\" 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\/16\/okay-seriously-what-is-the-status-of-the-contract-with-cscec-and-the-new-capital\/')\">\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\/16\/okay-seriously-what-is-the-status-of-the-contract-with-cscec-and-the-new-capital\/\">\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=Okay, seriously, what is the status of the contract with CSCEC and the new capital?&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/okay-seriously-what-is-the-status-of-the-contract-with-cscec-and-the-new-capital\/\">\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\/16\/okay-seriously-what-is-the-status-of-the-contract-with-cscec-and-the-new-capital\/&title=Okay, seriously, what is the status of the contract with CSCEC and the new capital?\">\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=Okay%2C+seriously%2C+what+is+the+status+of+the+contract+with+CSCEC+and+the+new+capital%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fokay-seriously-what-is-the-status-of-the-contract-with-cscec-and-the-new-capital%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\/16\/okay-seriously-what-is-the-status-of-the-contract-with-cscec-and-the-new-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650120\" class=\"content-area-description single-story post-650120 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Administrative Capital for Urban Development Company head Ayman Ismail offered no clear answer on whether the China State Construction and Engineering Company (CSCEC) has backed out of the New Administrative Capital. Calling on our resident team of 8,000-year-old mystics and mind readers, the most logical interpretation we could offer is this: The company has indeed pulled out of its agreement to work on phase one of the new administrative capital and is renegotiating its role in the project. Ismail reiterated at the Egypt Builders Conference that Egyptian companies will take the lead on the development of the new capital and that 16 developers have presented offers, according to what may be the worst press release ever written.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"650121\" 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=\"650121\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/house-tourism-and-civil-aviation-committee-wants-no-new-hotels-built\/\">\r\n                            House Tourism and Civil Aviation Committee wants no new hotels built                        <\/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\/16\/house-tourism-and-civil-aviation-committee-wants-no-new-hotels-built\/\" 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\/16\/house-tourism-and-civil-aviation-committee-wants-no-new-hotels-built\/')\">\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\/16\/house-tourism-and-civil-aviation-committee-wants-no-new-hotels-built\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=House Tourism and Civil Aviation Committee wants no new hotels built&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/house-tourism-and-civil-aviation-committee-wants-no-new-hotels-built\/\">\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\/16\/house-tourism-and-civil-aviation-committee-wants-no-new-hotels-built\/&title=House Tourism and Civil Aviation Committee wants no new hotels built\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=House+Tourism+and+Civil+Aviation+Committee+wants+no+new+hotels+built+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fhouse-tourism-and-civil-aviation-committee-wants-no-new-hotels-built%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\/16\/house-tourism-and-civil-aviation-committee-wants-no-new-hotels-built\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650121\" class=\"content-area-description single-story post-650121 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>The House Tourism and Civil Aviation Committee has demanded that Tourism Minister Yehia Rashed put a hold on new hotels being built until occupancy rates pick up again, without giving a specific time period, committee head Ahmed El Edrissy tells <a href=\"http:\/\/www.alborsanews.com\/2017\/03\/15\/993844\">Al Borsa<\/a>. El Edrissy says the supply of hotel rooms far exceeds demand, suggesting that building new room stock will only depress prices further.<\/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=\"650122\" 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=\"650122\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/immigration-ministry-suspends-plan-to-exempt-egyptian-expats-cars-from-customs-in-exchange-for-fx-deposit\/\">\r\n                            Immigration Ministry suspends plan to exempt Egyptian expats\u2019 cars from customs in exchange for FX deposit                        <\/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\/16\/immigration-ministry-suspends-plan-to-exempt-egyptian-expats-cars-from-customs-in-exchange-for-fx-deposit\/\" 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\/16\/immigration-ministry-suspends-plan-to-exempt-egyptian-expats-cars-from-customs-in-exchange-for-fx-deposit\/')\">\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\/16\/immigration-ministry-suspends-plan-to-exempt-egyptian-expats-cars-from-customs-in-exchange-for-fx-deposit\/\">\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=Immigration Ministry suspends plan to exempt Egyptian expats\u2019 cars from customs in exchange for FX deposit&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/immigration-ministry-suspends-plan-to-exempt-egyptian-expats-cars-from-customs-in-exchange-for-fx-deposit\/\">\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\/16\/immigration-ministry-suspends-plan-to-exempt-egyptian-expats-cars-from-customs-in-exchange-for-fx-deposit\/&title=Immigration Ministry suspends plan to exempt Egyptian expats\u2019 cars from customs in exchange for FX deposit\">\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=Immigration+Ministry+suspends+plan+to+exempt+Egyptian+expats%E2%80%99+cars+from+customs+in+exchange+for+FX+deposit+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fimmigration-ministry-suspends-plan-to-exempt-egyptian-expats-cars-from-customs-in-exchange-for-fx-deposit%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\/16\/immigration-ministry-suspends-plan-to-exempt-egyptian-expats-cars-from-customs-in-exchange-for-fx-deposit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650122\" class=\"content-area-description single-story post-650122 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>The Immigration Ministry is scrapping its bid to exempt Egyptian expatriates from customs tariffs on their cars upon returning to the country in exchange for a USD deposit, minister Nabila Makram tells <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=326365\">Al Mal<\/a>. The ministries of trade and finance had both objected to the proposal.<\/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=\"650123\" 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=\"650123\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/efsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions\/\">\r\n                            EFSA exempts OTMT Acquisition, Americana Group from presenting mandatory tender offers on their acquisitions                        <\/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\/16\/efsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions\/\" 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\/16\/efsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions\/')\">\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\/16\/efsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EFSA exempts OTMT Acquisition, Americana Group from presenting mandatory tender offers on their acquisitions&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/efsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions\/\">\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\/16\/efsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions\/&title=EFSA exempts OTMT Acquisition, Americana Group from presenting mandatory tender offers on their acquisitions\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EFSA+exempts+OTMT+Acquisition%2C+Americana+Group+from+presenting+mandatory+tender+offers+on+their+acquisitions+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fefsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions%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\/16\/efsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650123\" class=\"content-area-description single-story post-650123 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>The Egyptian Financial Supervisory Authority (EFSA) has exempted OTMT Acquisition from the requirement to launch a mandatory tender offer to acquire 51.66% of the shares of OTMT in the context of the demerger of Orascom Telecom executed in February 2012. The <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/200188_1.pdf\">regulatory filing<\/a> by OTMT also notes that EFSA approved the conciliation submitted by OTMT Investments and OTMT Acquisition to settle the contraventions relating to the undertaking issued by OTMT Investments on the demerger after paying the necessary fines, which <a href=\"http:\/\/www.alborsanews.com\/2017\/03\/15\/994292\">Al Borsa<\/a> says are in the range of EGP 10 mn. EFSA also exempted Americana Group from the requirement to launch a mandatory tender offer to buy 2.96 mn stakes in Cairo Poultry, <a href=\"http:\/\/www.reuters.com\/article\/brief-egypts-efsa-exempts-americana-grou-idUSFWN1GS02I\">Reuters<\/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\/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=\"650125\" 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=\"650125\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-2-bn-projects-to-be-contracted-in-marsa-matrouhs-siwa-oasis\/\">\r\n                            EGP 2 bn projects to be contracted in Marsa Matrouh\u2019s Siwa Oasis                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-2-bn-projects-to-be-contracted-in-marsa-matrouhs-siwa-oasis\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-2-bn-projects-to-be-contracted-in-marsa-matrouhs-siwa-oasis\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-2-bn-projects-to-be-contracted-in-marsa-matrouhs-siwa-oasis\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EGP 2 bn projects to be contracted in Marsa Matrouh\u2019s Siwa Oasis&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-2-bn-projects-to-be-contracted-in-marsa-matrouhs-siwa-oasis\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-2-bn-projects-to-be-contracted-in-marsa-matrouhs-siwa-oasis\/&title=EGP 2 bn projects to be contracted in Marsa Matrouh\u2019s Siwa Oasis\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EGP+2+bn+projects+to+be+contracted+in+Marsa+Matrouh%E2%80%99s+Siwa+Oasis+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fegp-2-bn-projects-to-be-contracted-in-marsa-matrouhs-siwa-oasis%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-2-bn-projects-to-be-contracted-in-marsa-matrouhs-siwa-oasis\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650125\" class=\"content-area-description single-story post-650125 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Final contracts for five industrial, agricultural, and services projects worth EGP 2 bn in Marsa Matrouh\u2019s Siwa Oasis will be signed end of March, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=326369\">Al Mal<\/a> reports. The projects include a fish farm, an olive oil plant, and a mineral water bottling plant. The projects come as part of EGP 22 bn in pledges signed at the Marsa Matrouh economic conference back in 2015.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"650126\" 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=\"650126\">\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\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/contractor-compensation-concerns-contracts-from-february-till-november-2016\/\">\r\n                            Contractor Compensation concerns contracts from February till November 2016                        <\/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\/16\/contractor-compensation-concerns-contracts-from-february-till-november-2016\/\" 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\/16\/contractor-compensation-concerns-contracts-from-february-till-november-2016\/')\">\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\/16\/contractor-compensation-concerns-contracts-from-february-till-november-2016\/\">\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=Contractor Compensation concerns contracts from February till November 2016&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/contractor-compensation-concerns-contracts-from-february-till-november-2016\/\">\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\/16\/contractor-compensation-concerns-contracts-from-february-till-november-2016\/&title=Contractor Compensation concerns contracts from February till November 2016\">\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=Contractor+Compensation+concerns+contracts+from+February+till+November+2016+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fcontractor-compensation-concerns-contracts-from-february-till-november-2016%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\/16\/contractor-compensation-concerns-contracts-from-february-till-november-2016\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650126\" class=\"content-area-description single-story post-650126 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-legislation-policy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Compensation for FX losses as part of the Contractor\u2019s Compensation Act will be for contracts from February 2016 until the EGP float on November 3, House\u2019s housing committee member Mohamed Abdel Ghany said, according to an e-mail press release. Housing Committee chairman Alaa Waly confirms it will be issued within the fortnight, as we noted <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/15\/on-the-horizon-102\/\">yesterday<\/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\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"650129\" 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=\"650129\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/startup-swvl-the-uber-for-buses\/\">\r\n                            Startup SWVL: the Uber for buses                        <\/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\/16\/startup-swvl-the-uber-for-buses\/\" 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\/16\/startup-swvl-the-uber-for-buses\/')\">\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\/16\/startup-swvl-the-uber-for-buses\/\">\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=Startup SWVL: the Uber for buses&url=https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/startup-swvl-the-uber-for-buses\/\">\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\/16\/startup-swvl-the-uber-for-buses\/&title=Startup SWVL: the Uber for buses\">\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=Startup+SWVL%3A+the+Uber+for+buses+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F03%2F16%2Fstartup-swvl-the-uber-for-buses%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\/16\/startup-swvl-the-uber-for-buses\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650129\" class=\"content-area-description single-story post-650129 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Transportation startup SWVL <\/strong>(pronounced swivel) <strong>has apparently found a way to <\/strong><strong>profit off of the tourism slump<\/strong> while claiming to provide quality cheap transport, <a href=\"http:\/\/www.dailynewsegypt.com\/2017\/03\/15\/618521\/\">Daily News Egypt<\/a> reports. The company plans to make use of idle tour buses hired out from tour companies to operate cheap bus routes across Cairo. CEO and co-founder Mostafa Kandil believes that these higher quality buses would outcompete the eye and rear-end sore that are the public buses. The app, which will provide route information, has yet to launch and has already garnered 1,500 signups, says Kandil.<\/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=\"650130\" 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=\"650130\">\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\">THE MARKETS YESTERDAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/by-the-numbers-93\/\">\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\/16\/by-the-numbers-93\/\" 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\/16\/by-the-numbers-93\/')\">\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\/16\/by-the-numbers-93\/\">\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\/16\/by-the-numbers-93\/\">\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\/16\/by-the-numbers-93\/&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%2F16%2Fby-the-numbers-93%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\/16\/by-the-numbers-93\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650130\" class=\"content-area-description single-story post-650130 post type-post status-publish format-standard hentry category-the-markets-yesterday tag-enterpriseam tag-the-markets-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 18.1221 | Sell 18.2294<br \/>\n<strong>EGP \/ USD at CIB:<\/strong> Buy 18.20 | Sell 18.30<br \/>\n<strong>EGP \/ USD at NBE: <\/strong>Buy 18.00 | Sell 18.10<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 12,745 (-0.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.1 bn (148% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +3.2%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session down 0.3%. Index heavyweight CIB declined by 0.1%. The EGX30\u2019s top performing constituents were: Egyptian Iron and Steel up 5.7%, Arab Cotton Ginning up 4.2%, and Orascom Telecom Media and Technology up 1.5%. Yesterday\u2019s worst performing stocks included Cairo Oils and Soap down 6.2%, Domty down 3.7%, and Qalaa Holdings down 2.8%. Market turnover was EGP1.1 billion, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +68.2 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -15.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -52.7 mn<\/p>\n<p><strong>Retail<\/strong>: 57.2% of total trades | 56.9% of buyers | 57.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 42.8% of total trades | 43.1% of buyers | 42.6% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 25.5% of total | 28.7% of buyers | 22.3% of sellers<br \/>\n <strong>Regional:<\/strong> 8.8% of total | 8.0% of buyers | 9.5% of sellers<br \/>\n <strong>Domestic:<\/strong> 65.7% of total | 63.3% of buyers | 68.2% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 48.96 (+2.60%)<br \/>\n <strong>Brent:<\/strong> USD 52.12 (+2.36%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.98 MMBtu, (+1.33%, April 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,200.70 \/ troy ounce (-0.16%)<br\n<strong>TASI:<\/strong> 6,835.8 (+0.7%) (YTD: -5.2%)<br \/>\n <strong>ADX:<\/strong> 4,375.4 (-0.3%) (YTD: -3.8%)<br \/>\n <strong>DFM:<\/strong> 3,478.8 (+0.3%) (YTD: -1.5%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 421.1 (+0.3%) (YTD: +10.8%)<br \/>\n <strong>QE:<\/strong> 10,291.9 (-0.2%) (YTD: -1.4%)<br \/>\n <strong>MSM:<\/strong> 5,660.2 (-0.7%) (YTD: -2.1%)<br \/>\n <strong>BB: <\/strong>1,370.6 (-0.3%) (YTD: +12.3%)<\/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=\"650131\" 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\/16\/650131\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-650131\" class=\"content-area-description single-story post-650131 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>18-19 March (Saturday-Sunday): Delegation of Japanese food industries companies visits Egypt.<\/p>\n<p>20 March (Monday): <a href=\"https:\/\/www.swift.com\/news-events\/events\/swift-business-forum-egypt-2017\">SWIFT Business Forum Egypt 2017<\/a>, Cairo.<\/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>25-26 April (Tuesday-Wednesday): <a href=\"http:\/\/events.newenergyupdate.com\/mena\/\">MENA New Energy<\/a> conference, Hyatt Regency, Dubai.<\/p>\n<p>28 April - 5 May (Friday-Friday): IMF delegation visit to Egypt to assess economic reforms.<\/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":650089,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-650088","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e9905881-97f1-4f4c-bd80-5d576c4af576","teaser":"","photo_url":"https:\/\/ent.news\/2016\/8\/262.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Electricity prices set to rise as much as 40% this summer? 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