{"id":651955,"date":"2017-02-26T04:11:08","date_gmt":"2017-02-26T04:11:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=651955"},"modified":"2025-12-17T23:45:39","modified_gmt":"2025-12-17T23:45:39","slug":"amer-no-intervention-in-fx-market-imports-down-20","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/amer-no-intervention-in-fx-market-imports-down-20\/","title":{"rendered":"Amer: No intervention in FX market, imports down 20%."},"content":{"rendered":"<section id=\"651957\" 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=\"651957\">\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\/02\/26\/what-were-tracking-on-26-february-2017\/\">\r\n                            What we\u2019re tracking on 26 February 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\/02\/26\/what-were-tracking-on-26-february-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 delegation was expected in March, but unnamed <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1094425\">sources tell Al Masry Al Youm<\/a> the Finance Ministry wants a bit more time to finish working on the 2017-18 budget before the IMF arrives in town for a review that would lead to the disbursement of a second USD 1.25 bn tranche of the facility. No other media outlet has yet confirmed AMAY\u2019s story.<\/p><p><strong>Finance minister Amr El Garhy speaks today at AmCham Egypt<\/strong>\u2019s monthly gathering. The topic, as usual: The Ismail government\u2019s fiscal reform program, <a href=\"http:\/\/www.youm7.com\/story\/2017\/2\/25\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%8A%D8%B3%D8%AA%D8%B9%D8%B1%D8%B6-%D8%A3%D8%AC%D9%86%D8%AF%D8%A9-%D8%A7%D9%84%D8%A5%D8%B5%D9%84%D8%A7%D8%AD-%D8%A3%D9%85%D8%A7%D9%85-%D8%A7%D9%84%D8%BA%D8%B1%D9%81%D8%A9-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9-%D8%A7%D9%84%D8%A3%D8%AD%D8%AF-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\/3117109\">Youm7<\/a> reports.<\/p><p><strong>We\u2019re finally standing up to the Brits on their Sinai flight ban:<\/strong> That Boris Johnson fellow was in Cairo to bloviate this past weekend, and Foreign Minister Sameh Shoukry spoke for all of us when he told the UK foreign minister that it\u2019s time the Brits stopped Tweeting platitudes about their love of Egypt \/ strong-arming Egypt on IOC payments and lift its ban on flights to Sinai. The Egyptian Foreign Ministry said in a statement released after the meeting: \u201cThe continuation of the halt of the British airline to the Egyptian tourist destinations despite the progress that has been made in securing airports is completely not understandable and unjustified.\u201d <a href=\"http:\/\/www.reuters.com\/article\/us-egypt-britain-flights-idUSKBN1640SY\">Reuters has the story<\/a> of the travel ban, while <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1094489\">Al Masry Al Youm<\/a> has a take on Boris\u2019 visit. (In fairness: The bit about Tweeting platitudes and strong-arming on IOC payments is us, not MoFA.)<\/p><p><strong>US Democrats have chosen Obama-administration labor secretary Tom Perez<\/strong> as the next chairman of the Democratic National Committee, defeating Keith Ellison, <a href=\"http:\/\/www.politico.com\/story\/2017\/02\/perez-elected-dnc-chairman-235392\">Politico says<\/a>. Perez tapped Ellison as his deputy chair. While a conventional choice for Dems, Perez is being forced to stand his ground by swelling anger in Democratic ranks: \u201cTrump is anathema to America,\u201d he told the <a href=\"http:\/\/www.politico.com\/story\/2017\/02\/off-message-tom-perez-dnc-democrats-235291\">political news website<\/a>.<\/p><p><strong>The Donald, meanwhile, spent the weekend picking fights with the press, the FBI and the intelligence community <\/strong>as he hopped back on Twitter (<a href=\"https:\/\/twitter.com\/realDonaldTrump\">check out @realDonaldTrump<\/a>). So much for GOP hopes of a reset. How could that ever go wrong for him\u2026 Elsewhere: \u201c<a href=\"http:\/\/www.reuters.com\/article\/us-china-defence-navy-idUSKBN16500P\">Wary of Trump unpredictability, China ramps up naval abilities<\/a>,\u201d reports Reuters.<\/p><p><strong>Food for thought this morning if you manage third-party money:<\/strong> Some twelve years on, Warren Buffett is still waiting for someone to take him up on his wager that \u201cno investment pro could select a set of at least five hedge funds \u2013 wildly-popular and high-fee investing vehicles \u2013 that would over an extended period match the performance of an unmanaged S&amp;P-500 index fund charging only token fees\u201d \u2014 and he\u2019s as polemic about it as ever in this year\u2019s Berkshire Hathaway annual report: \u201cWhen tns of USD are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients. Both large and small investors should stick with low-cost index funds.\u201d As usual, Buffett\u2019s annual report is all over the Western business press. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-02-25\/buffett-says-100-billion-has-been-wasted-on-investment-fees\">Bloomberg\u2019s coverage<\/a> is typical, or you can <a href=\"http:\/\/www.berkshirehathaway.com\/2016ar\/2016ar.pdf\">read it yourself here (pdf; the tired against asset managers starts on page 21)<\/a> on Berkshire Hathaway\u2019s <a href=\"http:\/\/www.berkshirehathaway.com\/\">ridiculously old-school website<\/a>.<\/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 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      <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-eiahlc5\" data-v=\"4\" data-block-id=\"eiahlc5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-eiahlc5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-eiahlc5-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img 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type-post status-publish format-standard hentry category-what-were-tracking-this-week tag-enterpriseam tag-what-were-tracking-this-week wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Finance Minister Amr El Garhy will appear before the House of Representatives <\/strong>to discuss fiscal policy. It <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/23\/on-the-horizon-93\/\">remains an open question<\/a> whether he will answer questions from MPs on the agreement with the International Monetary Fund for a USD 12 bn extended fund facility.<\/p>\n<p><strong>Also in the House this week: <\/strong>The <strong>State Contractors\u2019 Compensation Act<\/strong> is due to come up for discussion before the House as a hole, and the House Industry Committee is due to resume discussion of the <strong>automotive directive<\/strong>, a package of measures designed to protect domestic assemblers against unfair competition from Turkish, Moroccan and European Union imports.<\/p>\n<p><strong>German Chancellor Angela Merkel is set to arrive in Cairo on Thursday <\/strong>(2 March) for talks on terrorism and illegal immigration. She will be joined by a business delegation, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=323793\">Al Mal<\/a> reports. Merkel will be meeting with President Abdel Fattah El Sisi, Prime Minister Sherif Ismail, Pope Tawadros II, and Al Azhar\u2019s Sheikh Ahmed El Tayeb, according to the newspaper. Speaking at a conference, Merkel \u2014 who praised Egypt\u2019s \u201cbold economic reform measures\u201d \u2014 said she is looking forward to further discussions on the Palestinian-Israeli peace process and Libya, <a href=\"http:\/\/www.ahram.org.eg\/News\/202187\/25\/580735\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D9%85%D9%8A%D8%B1%D9%83%D9%84-%D9%85%D8%B5%D8%B1-%D9%85%D8%AD%D9%88%D8%B1-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1-%D9%81%D9%89-%D8%A7%D9%84%D8%B4%D8%B1%D9%82-%D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7.aspx\">Ahram Gate<\/a> reports.<\/p>\n<p><strong>The Tax Authority is meeting with representatives from EGPC to discuss the tax treatment of IOCs this week<\/strong>, according to <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/22\/%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D9%88%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D8%AA%D8%A8%D8%AD%D8%AB%D8%A7%D9%86-%D8%A3%D8%B2%D9%85%D8%A9-%D8%A5%D8%B9%D9%81\/\">Al Borsa<\/a>. IOCs are concerned about their suppliers having to pay VAT, arguing it amounts to an effective additional tax not stipulated in the production sharing agreements between them and state entities including EGPC and EGAS.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"651960\" 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=\"651960\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON THE HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/on-the-horizon-264\/\">\r\n                            On the horizon                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/on-the-horizon-264\/\" 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\/02\/26\/on-the-horizon-264\/')\">\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\/02\/26\/on-the-horizon-264\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=On the horizon&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/on-the-horizon-264\/\">\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\/02\/26\/on-the-horizon-264\/&title=On the horizon\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=On+the+horizon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fon-the-horizon-264%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\/02\/26\/on-the-horizon-264\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651960\" class=\"content-area-description single-story post-651960 post type-post status-publish format-standard hentry category-on-the-horizon tag-enterpriseam tag-on-the-horizon wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Among the investor conferences on the horizon:<\/p>\n<ul type=\"disc\">\n<li><strong>JP Morgan<\/strong>\u2019s Global Emerging Markets Corporate Conference kicks off tomorrow in Florida. <\/li>\n<li>The <strong>EFG Hermes<\/strong> One on One takes place in Dubai starting 6 March 2017. <\/li>\n<li><strong>Renaissance Capital<\/strong> will host its Egypt Investor Conference in Cape Town 24-25 April 2017. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-horizon\/\">ON THE HORIZON<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"651961\" 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=\"651961\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/lamees-is-not-happy-with-tarek-amers-positivity-wants-to-rain-on-his-parade-will-raising-visa-prices-kill-tourism-christian-families-flee-daesh-in-north-sinai\/\">\r\n                            Lamees is not happy with Tarek Amer\u2019s positivity, wants to rain on his parade; will raising visa prices kill tourism? Christian families flee Daesh in North Sinai                        <\/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\/02\/26\/lamees-is-not-happy-with-tarek-amers-positivity-wants-to-rain-on-his-parade-will-raising-visa-prices-kill-tourism-christian-families-flee-daesh-in-north-sinai\/\" 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\/02\/26\/lamees-is-not-happy-with-tarek-amers-positivity-wants-to-rain-on-his-parade-will-raising-visa-prices-kill-tourism-christian-families-flee-daesh-in-north-sinai\/')\">\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\/02\/26\/lamees-is-not-happy-with-tarek-amers-positivity-wants-to-rain-on-his-parade-will-raising-visa-prices-kill-tourism-christian-families-flee-daesh-in-north-sinai\/\">\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=Lamees is not happy with Tarek Amer\u2019s positivity, wants to rain on his parade; will raising visa prices kill tourism? Christian families flee Daesh in North Sinai&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/lamees-is-not-happy-with-tarek-amers-positivity-wants-to-rain-on-his-parade-will-raising-visa-prices-kill-tourism-christian-families-flee-daesh-in-north-sinai\/\">\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\/02\/26\/lamees-is-not-happy-with-tarek-amers-positivity-wants-to-rain-on-his-parade-will-raising-visa-prices-kill-tourism-christian-families-flee-daesh-in-north-sinai\/&title=Lamees is not happy with Tarek Amer\u2019s positivity, wants to rain on his parade; will raising visa prices kill tourism? Christian families flee Daesh in North Sinai\">\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=Lamees+is+not+happy+with+Tarek+Amer%E2%80%99s+positivity%2C+wants+to+rain+on+his+parade%3B+will+raising+visa+prices+kill+tourism%3F+Christian+families+flee+Daesh+in+North+Sinai+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Flamees-is-not-happy-with-tarek-amers-positivity-wants-to-rain-on-his-parade-will-raising-visa-prices-kill-tourism-christian-families-flee-daesh-in-north-sinai%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\/02\/26\/lamees-is-not-happy-with-tarek-amers-positivity-wants-to-rain-on-his-parade-will-raising-visa-prices-kill-tourism-christian-families-flee-daesh-in-north-sinai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651961\" class=\"content-area-description single-story post-651961 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>Believe it or not, ladies and gents, <strong>the talking heads are back to discussing real world topics that impact our economy<\/strong> after what seemed like a case of a back-to-school week for them.<\/p>\n<p><strong>Hona Al Assema\u2019s Lamees Al Hadidy led last night with criticism of CBE Governor Tarek Amer\u2019s statements on Friday<\/strong> (more on this in the Speed Round) that we should not worry about the USD-EGP exchange rate. Lamees took offense to Amer downplaying the inflationary impact of the EGP float, going so far as putting words in his mouth that the two were not related (<a href=\"https:\/\/www.youtube.com\/watch?v=OeRm-xHMAsM\">watch<\/a>, runtime: 17:36).<\/p>\n<p><strong>Lamees then moved on to discuss the implications of doubling the price of entry visas for tourists to USD 60 <\/strong>starting 1 July. Tourism Development Authority head Hisham El Demery defended the move, telling Lamees that this would have very little impact on tourism, as Egypt draws its tourists with cheaply priced tour packages. He does feel that the sudden timing of the move could have been handled better. Khaled El Menawwy, billed as an advisor to the tourism industry, countered that the decision would \u201cdestroy\u201d the industry. Blue Sky travel agency chairman Hossam El Shaer warned that foreign tour operators would turn to Tunisia and Turkey, which he said do not charge operators for visas. He expects the move will garner a wave of negative publicity in Europe (<a href=\"https:\/\/www.youtube.com\/watch?v=qwK-GHc54SU\">watch<\/a>, runtime: 28:19).<\/p>\n<p><strong>Kol Youm\u2019s Amr Adib covered the displacement of Coptic families from Al Arish City in Ismailia<\/strong> and the full-court press the cabinet is playing to make sure they are taken care of. Adib aired interviews with some of the families (<a href=\"https:\/\/www.youtube.com\/watch?v=fwoIHG_yb8U\">watch<\/a>, runtime: 32:09). Housing Minister Mostafa Madbouly called in to discuss the homes the ministry\u2019s plans to build homes in Ismailia in cooperation with Social Solidarity Minister Ghada Waly (<a href=\"https:\/\/www.youtube.com\/watch?v=nZE5aGIRmMA\">watch<\/a>, runtime: 3:29). Waly told Adib that 19 displaced families are now residing in the ministry\u2019s hostels, and other 39 families were moved to youth hostels in Ismailia (<a href=\"https:\/\/www.youtube.com\/watch?v=LKOh9pQ14mw\">watch<\/a>, runtime: 8:08). The Higher Education Ministry will also ensure students will be able to complete their coursework in one of the canal city universities and facilitate transferring credits, said minister Khaled Abdel Ghaffar (<a href=\"https:\/\/www.youtube.com\/watch?v=BrGHkig4uQk\">watch<\/a>, runtime: 4:55).<\/p>\n<p><strong>The award for least interesting topic of the night goes to \u2026 Al Hayah Al Youm\u2019s Lobna Assal<\/strong> who interviewed CAPMAS head Abu Bakr El Gendy on the collection of health data (<a href=\"https:\/\/www.youtube.com\/watch?v=Erazx90XXbQ\">watch<\/a>, runtime: 1:16).<\/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=\"651962\" 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=\"651962\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/cbe-governor-tarek-amer-downplays-negative-impact-of-egp-float-touches-on-key-indicators-in-televised-interview\/\">\r\n                            CBE Governor Tarek Amer downplays negative impact of EGP float, touches on key indicators in televised 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 href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/cbe-governor-tarek-amer-downplays-negative-impact-of-egp-float-touches-on-key-indicators-in-televised-interview\/\" 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\/02\/26\/cbe-governor-tarek-amer-downplays-negative-impact-of-egp-float-touches-on-key-indicators-in-televised-interview\/')\">\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\/02\/26\/cbe-governor-tarek-amer-downplays-negative-impact-of-egp-float-touches-on-key-indicators-in-televised-interview\/\">\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=CBE Governor Tarek Amer downplays negative impact of EGP float, touches on key indicators in televised interview&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/cbe-governor-tarek-amer-downplays-negative-impact-of-egp-float-touches-on-key-indicators-in-televised-interview\/\">\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\/02\/26\/cbe-governor-tarek-amer-downplays-negative-impact-of-egp-float-touches-on-key-indicators-in-televised-interview\/&title=CBE Governor Tarek Amer downplays negative impact of EGP float, touches on key indicators in televised interview\">\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=CBE+Governor+Tarek+Amer+downplays+negative+impact+of+EGP+float%2C+touches+on+key+indicators+in+televised+interview+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fcbe-governor-tarek-amer-downplays-negative-impact-of-egp-float-touches-on-key-indicators-in-televised-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\/02\/26\/cbe-governor-tarek-amer-downplays-negative-impact-of-egp-float-touches-on-key-indicators-in-televised-interview\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651962\" class=\"content-area-description single-story post-651962 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>Central Bank of Egypt Governor Tarek Amer sat down for a televised interview<\/strong> with DMC\u2019s Osama Kamal on Friday in which he downplayed the impact of the float of the EGP and denied the central bank had subtly intervened in the market to support the national currency (<a href=\"https:\/\/www.youtube.com\/watch?v=_Uv9vqjMiR4\"><strong>watch the full interview<\/strong><\/a>, runtime 1:16:36).<\/p>\n<p>Amer said he<strong> expects foreign debt to reach USD 60 bn<\/strong>, or about 30% of GDP, by June and projected the <strong>current account deficit will ease 50% to USD 10 bn this year<\/strong>, down from last year\u2019s USD 18.7 bn. <strong>Imports are down 20% so far this year. <\/strong>He also said that Egypt has managed to repay USD 3 bn in international obligations in the past three months and suggested the <strong>backlog of importers and investors<\/strong> (we presume he means public market investors) waiting for USD allocations has been cleared. The CBE and Egyptian General Petroleum Corporation are coordinating to <strong>repay USD 1.5 bn in arrears owed to international oil companies<\/strong> this year.<\/p>\n<p>Some USD 13.5 bn has flowed into local banks since the float of the EGP on 3 November, the governor said, supporting the ability of foreign companies to repatriate profits, Amer said.<\/p>\n<p>Amer emphasized that he wished he could have floated the EGP earlier and said <strong>the negative impact of the move is not as bad as originally anticipated. <\/strong>The impact of the float will be transient, he said, stressing that what matters is not the exchange rate, but political and economic stability.<\/p>\n<p><strong>Amer denied<\/strong> speculation from some, <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/21\/what-were-tracking-on-21-february-2018\/\">including Renaissance Capital chief economist Charles Robertson<\/a>, <strong>that the central bank had intervened to support the currency in a bid to curb inflation<\/strong>, helping the EGP rally against foreign currencies in the past week or so. The CBE cannot intervene in the market, he said \u2014 and doesn\u2019t need to, as Egypt is on a \u201cclear path to reform.\u201d<\/p>\n<p><strong>Expect continued volatility in the exchange rate<\/strong>, Amer said, (correctly) declining to specify when pressed what he sees as the fair value for the EGP as being.<\/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=\"651972\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"651973\" 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=\"651973\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/russias-most-preserved-natural-reserves-turn-100\/\">\r\n                            Russia\u2019s most preserved natural reserves turn 100                        <\/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\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/russias-most-preserved-natural-reserves-turn-100\/&title=Russia\u2019s most preserved natural reserves turn 100\">\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=Russia%E2%80%99s+most+preserved+natural+reserves+turn+100+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Frussias-most-preserved-natural-reserves-turn-100%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\/02\/26\/russias-most-preserved-natural-reserves-turn-100\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2017\/1\/623.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"651974\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/russias-most-preserved-natural-reserves-turn-100\/623-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/1\/623.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"623.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/1\/623.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2017\/1\/623.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651973\" class=\"content-area-description single-story post-651973 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Meet Russia\u2019s nature preserves, now turning 100<\/strong> and teeming with polar bears, muskox and some very hungry brown bears.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"651975\" 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=\"651975\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/displacement-of-sinai-christians-tops-intl-coverage-of-egypt\/\">\r\n                            Displacement of Sinai Christians tops int\u2019l coverage of 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\/02\/26\/displacement-of-sinai-christians-tops-intl-coverage-of-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\/02\/26\/displacement-of-sinai-christians-tops-intl-coverage-of-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\/02\/26\/displacement-of-sinai-christians-tops-intl-coverage-of-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=Displacement of Sinai Christians tops int\u2019l coverage of Egypt&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/displacement-of-sinai-christians-tops-intl-coverage-of-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\/02\/26\/displacement-of-sinai-christians-tops-intl-coverage-of-egypt\/&title=Displacement of Sinai Christians tops int\u2019l coverage of 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=Displacement+of+Sinai+Christians+tops+int%E2%80%99l+coverage+of+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fdisplacement-of-sinai-christians-tops-intl-coverage-of-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\/02\/26\/displacement-of-sinai-christians-tops-intl-coverage-of-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651975\" class=\"content-area-description single-story post-651975 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The displacement of dozens of Christian families in Sinai <\/strong>as a result of increasing threats from Daesh topped international coverage of Egypt over the weekend \u2014 which saw significant foreign media coverage of some of our top stories. Reports on the number of Coptic Egyptians fleeing Sinai (mostly from Al Arish) differ from the <a href=\"https:\/\/www.nytimes.com\/2017\/02\/24\/world\/middleeast\/egypt-coptic-christians-sinai.html?_r=0&mtrref=undefined&gwh=96A35AC9783D7EEE743807315A7E0CEA&gwt=pay\">AP<\/a> and <a href=\"http:\/\/www.bbc.com\/news\/world-middle-east-39085285\">AFP<\/a>, with the latter citing 250 people and the former reporting 90 families have left and <a href=\"http:\/\/nypost.com\/2017\/02\/24\/isis-militants-gun-down-another-christian-in-egypt\/\">keeping a tally<\/a> of the number of Christians killed in Al Arish over the past month. Most of the reporting appears to heighten the sense of fear and lawlessness in Sinai, with conservative publication the <a href=\"http:\/\/www.washingtonexaminer.com\/christians-flee-egypt-after-islamic-state-posts-death-lists\/article\/2615744\">Washington Examiner<\/a> going so far as to state that Christians were fleeing Egypt. <a href=\"https:\/\/www.premier.org.uk\/News\/World\/UK-Coptic-Church-warns-of-alarming-rise-in-attacks-as-Egyptian-Christians-flee\">Copts in the UK<\/a> are calling for more to be done: \u201cWhat we haven't seen done robustly across Egypt in all of these situations is people actually being brought to account and this gives rise to a sense of impunity.\u201d<\/p>\n<p>Also driving the narrative on Egypt this morning: <strong>UK Foreign Minister Boris Johnson pledging three new aid packages to Egypt<\/strong> that target the economy, education, and entrepreneurship, in addition to <a href=\"https:\/\/www.nytimes.com\/aponline\/2017\/02\/25\/world\/europe\/ap-eu-britain-johnson-egypt.html?_r=0&mtrref=undefined\"><strong>a USD 150 mn facility<\/strong><\/a> to Egypt despite calls to address human rights during his trip to Cairo. The <a href=\"https:\/\/www.nytimes.com\/aponline\/2017\/02\/24\/world\/middleeast\/ap-ml-egypt-foreign-visitors.html?mtrref=undefined\">Associated Press\u2019<\/a> pickup of <strong>Egypt doubling the price of entry visas <\/strong>for foreigners has also received widespread coverage.<\/p>\n<p><strong>On the resurrection of the US-Egyptian partnership:<\/strong> Adel El Adewy pens an oped for <a href=\"http:\/\/thehill.com\/blogs\/congress-blog\/foreign-policy\/321097-the-resurrection-of-the-us-egyptian-partnership\">The Hill<\/a> arguing that US President Donald Trump could bring in a new era in US-Egyptian relations after what he describes as the \u201ccontroversial and naive\u201d policy of the Obama administration to build relations with the Ikhwan. Ties can be improved by US backing for a large-scale debt relief program; increasing military assistance to the Egyptian Armed Forces and allowing them to purchase advanced weaponry; reinstating the Egyptian cash-flow-financing privilege to allow large-scale military purchases from American defense contractors; encouraging U.S. allies to invest in Egypt and boost its recovering economy; expediting the designation of the Ikhwan in Egypt as a terrorist organization.<\/p>\n<p><strong>Talk of Egypt\u2019s \u201cdeep state\u201d plays out over US politics:<\/strong> As the dysfunction in the Trump administration plays out daily, the <a href=\"http:\/\/www.chicagotribune.com\/news\/sns-wp-deepstate-28599f14-faba-11e6-be05-1a3817ac21a5-20170224-story.html\">Chicago Tribune<\/a> picks up on the discourse on whether there is a \u201cdeep state\u201d in the US in a manner in which it says is present in Egypt and Turkey. The paper recalls talk back in 2013 of how former President Mohamed Morsi was plagued by endemic economic and structural failures that evaporated a week after he was toppled is indicative of a shadow government made up of state security and the bureaucracy.<\/p>\n<p>Other coverage of Egypt in the international press worth a skim:<\/p>\n<ul type=\"disc\">\n<li>The <a href=\"http:\/\/www.miamiherald.com\/news\/business\/article134689489.html\">Associated Press<\/a> is getting <a href=\"http:\/\/www.skynews.com.au\/business\/business\/world\/2017\/02\/25\/egypt-inflation-surges-to-almost-30-per-cent.html\">wide pickup<\/a> for a piece on inflation hitting 30% in January. The story is dismissive of the IMF\u2019s view that inflation should subside this year and subtly hints that popular patience may not wait that long.<\/li>\n<li>Canada\u2019s <a href=\"http:\/\/www.cbc.ca\/news\/canada\/manitoba\/egyptian-gay-man-asks-for-asylum-1.3995360\">CBC<\/a> covers the story of an LGBT Egyptian who is concerned about his safety if he returns to Egypt and is applying for asylum in Canada. <\/li>\n<li>Not even in death are we spared from the Blind Sheikh Omar Abdel-Rahman, whose story is being used by some racist over at the <a href=\"http:\/\/acdemocracy.org\/the-anti-trump-movement-and-the-blind-sheikhs-legacy\/\">American Center for Democracy<\/a> to pat herself on the back for being among the first to say Muslim immigrants come to America to terrorize it. <\/li>\n<\/ul>\n<ul type=\"disc\">\n<li><a href=\"http:\/\/www.rollingstone.com\/culture\/features\/cairo-novelist-imprisoned-for-obscenity-in-egypt-tells-story-w468084\">Rolling Stone<\/a> shines the spotlight on the case of author Ahmed Nagy, convicted six months ago of \"violating public morality,\" for his book The Use of Life.<\/li>\n<li>Palestine is yet again generating press for Egypt internationally, with conservative Christian publication <a href=\"http:\/\/www1.cbn.com\/cbnnews\/israel\/2017\/february\/egypt-and-jordan-israels-peace-partners\">CBN News<\/a> running an asinine piece criticizing Egypt and Jordan\u2019s commitment to a two-state solution, while China\u2019s <a href=\"http:\/\/www.globaltimes.cn\/content\/1034781.shtml\">Global Times<\/a> quotes Chief Palestinian Negotiator Saeb Erekat\u2019s statement thanking President Abdel Fattah El Sisi and Jordan\u2019s King Abdullah for supporting the two-state solution. <\/li>\n<li>In a poorly-written, slang-ridden piece for Kenya\u2019s <a href=\"https:\/\/www.standardmedia.co.ke\/business\/article\/2001230625\/with-egypt-and-ethiopia-denying-kenyans-water-we-are-kwinished\">Standard<\/a>, Oluoch Madiang' blames Egypt and Ethiopia for a drought that has hit Kenya. Madiang' mockingly faults Egypt for historical treaties which guarantee it 55.5 bn cubic meters of water. <\/li>\n<li><a href=\"http:\/\/www.vocativ.com\/404068\/desperate-refugees-organs-black-market\/\">Vocativ<\/a>takes a look into the plight of Syrian refugees in Egypt, some of whom, it claims, are forced to sell their organs on a thriving black market in the country. <\/li>\n<li>The <a href=\"https:\/\/guardian.ng\/sport\/egypts-goalkeeper-denies-slapping-teammate\/\">Nigerian Guardian<\/a> has unfortunately picked up on the news that Wadi Degla football club has been trying to sell eternal national team goalkeeper Essam El Hadary on <a href=\"https:\/\/www.facebook.com\/maged.samy.18\/posts\/10212725176583926\">Facebook<\/a>. Shameful treatment of a national treasure. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"651976\" 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=\"651976\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\">\r\n                            EGX stamp tax should be switched out for a tax on bank deposits                        <\/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\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\" 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\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/')\">\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\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\">\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=EGX stamp tax should be switched out for a tax on bank deposits&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\">\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\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/&title=EGX stamp tax should be switched out for a tax on bank deposits\">\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=EGX+stamp+tax+should+be+switched+out+for+a+tax+on+bank+deposits+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fegx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits%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\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651976\" class=\"content-area-description single-story post-651976 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>Imposing stamp taxes on EGX transactions should be replaced with a tax on bank deposits<\/strong>, which carry no risks and would be certain to yield greater returns if taxed than transactions in the stock market, Mahmoud Hashem writes in a column penned for <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/23\/%D9%85%D8%AD%D9%85%D9%88%D8%AF-%D9%87%D8%A7%D8%B4%D9%85-%D9%8A%D9%83%D8%AA%D8%A8-%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%82\/\">Al-Borsa<\/a>. Please, God, don\u2019t get us started\u2026<\/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=\"651977\" 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=\"651977\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/no-plans-to-resettle-palestinians-in-sinai-ittihadiya\/\">\r\n                            No plans to resettle Palestinians in Sinai -Ittihadiya                        <\/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\/02\/26\/no-plans-to-resettle-palestinians-in-sinai-ittihadiya\/\" 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\/02\/26\/no-plans-to-resettle-palestinians-in-sinai-ittihadiya\/')\">\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\/02\/26\/no-plans-to-resettle-palestinians-in-sinai-ittihadiya\/\">\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=No plans to resettle Palestinians in Sinai -Ittihadiya&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/no-plans-to-resettle-palestinians-in-sinai-ittihadiya\/\">\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\/02\/26\/no-plans-to-resettle-palestinians-in-sinai-ittihadiya\/&title=No plans to resettle Palestinians in Sinai -Ittihadiya\">\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=No+plans+to+resettle+Palestinians+in+Sinai+-Ittihadiya+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fno-plans-to-resettle-palestinians-in-sinai-ittihadiya%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\/02\/26\/no-plans-to-resettle-palestinians-in-sinai-ittihadiya\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651977\" class=\"content-area-description single-story post-651977 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><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Egypt has never proposed to resettle Palestinians in Sinai, Ittihadiya\u2019s spokesperson Alaa Youssef told local media outlets<\/strong> on <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1093645\">Thursday<\/a>. \u201cThese are baseless rumors,\u201d Youssef says, and they aim to \u201cdestabilize\u201d Egypt. \u201cThere were no such discussions or proposals from any Arab or international bodies, and that the issue is unacceptable,\u201d he added. Ittihadiya also said President Abdel Fattah El Sisi met with the supreme councils of the armed forces and police to discuss security developments in Northern Sinai on Thursday. The <a href=\"https:\/\/www.nytimes.com\/aponline\/2017\/02\/23\/world\/middleeast\/ap-ml-egypt-israel-palestinian.html?mtrref=undefined&gwh=E1A29E8007DA9B7A72E558DDF2FEED1B&gwt=pay\">Associated Press<\/a> and <a href=\"http:\/\/www.ynetnews.com\/articles\/0,7340,L-4926752,00.html\">Ynet<\/a> also covered the statement.<\/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=\"651982\" 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=\"651982\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/eni-to-begin-producing-200-mcf-d-from-zohr-gas-field-by-october\/\">\r\n                            Eni to begin producing 200 mcf\/d from Zohr gas field by October                        <\/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\/02\/26\/eni-to-begin-producing-200-mcf-d-from-zohr-gas-field-by-october\/\" 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\/02\/26\/eni-to-begin-producing-200-mcf-d-from-zohr-gas-field-by-october\/')\">\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\/02\/26\/eni-to-begin-producing-200-mcf-d-from-zohr-gas-field-by-october\/\">\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=Eni to begin producing 200 mcf\/d from Zohr gas field by October&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/eni-to-begin-producing-200-mcf-d-from-zohr-gas-field-by-october\/\">\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\/02\/26\/eni-to-begin-producing-200-mcf-d-from-zohr-gas-field-by-october\/&title=Eni to begin producing 200 mcf\/d from Zohr gas field by October\">\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=Eni+to+begin+producing+200+mcf%2Fd+from+Zohr+gas+field+by+October+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Feni-to-begin-producing-200-mcf-d-from-zohr-gas-field-by-october%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\/02\/26\/eni-to-begin-producing-200-mcf-d-from-zohr-gas-field-by-october\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651982\" class=\"content-area-description single-story post-651982 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Italy\u2019s Eni plans to begin producing 200 mcf\/d of natural gas from the Shorouk offshore concession\u2019s Zohr gas field by October, sources<a href=\"http:\/\/www.alborsanews.com\/2017\/02\/25\/%d8%a5%d9%8a%d9%86%d9%89-%d8%aa%d8%a8%d8%af%d8%a3-%d8%a5%d9%86%d8%aa%d8%a7%d8%ac-200-%d9%85%d9%84%d9%8a%d9%88%d9%86-%d9%82%d8%af%d9%85-%d8%ba%d8%a7%d8%b2-%d9%8a%d9%88%d9%85%d9%8a%d8%a7%d9%8b\/\">tell Al Borsa<\/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\/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=\"651983\" 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=\"651983\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egyptian-stone-fruit-season-to-kick-off-end-of-march\/\">\r\n                            Egyptian stone fruit season to kick off end of March                        <\/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\/02\/26\/egyptian-stone-fruit-season-to-kick-off-end-of-march\/\" 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\/02\/26\/egyptian-stone-fruit-season-to-kick-off-end-of-march\/')\">\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\/02\/26\/egyptian-stone-fruit-season-to-kick-off-end-of-march\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian stone fruit season to kick off end of March&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egyptian-stone-fruit-season-to-kick-off-end-of-march\/\">\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\/02\/26\/egyptian-stone-fruit-season-to-kick-off-end-of-march\/&title=Egyptian stone fruit season to kick off end of March\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian+stone+fruit+season+to+kick+off+end+of+March+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fegyptian-stone-fruit-season-to-kick-off-end-of-march%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\/02\/26\/egyptian-stone-fruit-season-to-kick-off-end-of-march\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651983\" class=\"content-area-description single-story post-651983 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt\u2018s stone fruit season will begin at the end of March, two weeks before the Spanish season, giving Egypt an advantage for the UK market, writes Yzza Ibrahim for <a href=\"http:\/\/www.freshplaza.com\/article\/171065\/Opportunities-for-Egyptian-stone-fruit\">FreshPlaza<\/a>. Good weather has enabled fruit producer <a href=\"http:\/\/www.evagro.com\/\">Evagro<\/a> to increase its production by 20% in the past couple of years. But Egypt has not capitalized on the fact that winter frost hit Spain and Italy hard, hindered by fixed contracts that prevented more exports to Europe. \u201cThe Egyptian government and the export council are currently surveying the use of pesticides by growers. Our products should be clean, if we want to impress the European market,\u201d says Evagro\u2019s Emad El Din Ahmed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"651984\" 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=\"651984\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/in-out-furniture-to-establish-four-new-factories-worth-eur-92-mn\/\">\r\n                            In &#038; Out Furniture to establish four new factories worth EUR 92 mn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/in-out-furniture-to-establish-four-new-factories-worth-eur-92-mn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/in-out-furniture-to-establish-four-new-factories-worth-eur-92-mn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/in-out-furniture-to-establish-four-new-factories-worth-eur-92-mn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=In &#038; Out Furniture to establish four new factories worth EUR 92 mn&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/in-out-furniture-to-establish-four-new-factories-worth-eur-92-mn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/in-out-furniture-to-establish-four-new-factories-worth-eur-92-mn\/&title=In &#038; Out Furniture to establish four new factories worth EUR 92 mn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=In+%26%23038%3B+Out+Furniture+to+establish+four+new+factories+worth+EUR+92+mn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fin-out-furniture-to-establish-four-new-factories-worth-eur-92-mn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/in-out-furniture-to-establish-four-new-factories-worth-eur-92-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651984\" class=\"content-area-description single-story post-651984 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>In & Out Furniture is going to invest EUR 92 mn in building four new furniture manufacturing factories, after the furniture store received supply orders from the United States, Chairman Mohamed El Akshar told <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=323655\">Al Mal<\/a>. El Akshar says In & Out had tapped a local bank open LCs for it to be able to import machinery and equipment, but its request was denied. He says the company is now partnering with a US-based company to build one of the factories.<\/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=\"651985\" 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=\"651985\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/gb-auto-assessing-tire-plant-technical-negotiations-to-begin-in-2018\/\">\r\n                            GB Auto assessing tire plant, technical negotiations to begin in 2018                        <\/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\/02\/26\/gb-auto-assessing-tire-plant-technical-negotiations-to-begin-in-2018\/\" 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\/02\/26\/gb-auto-assessing-tire-plant-technical-negotiations-to-begin-in-2018\/')\">\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\/02\/26\/gb-auto-assessing-tire-plant-technical-negotiations-to-begin-in-2018\/\">\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=GB Auto assessing tire plant, technical negotiations to begin in 2018&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/gb-auto-assessing-tire-plant-technical-negotiations-to-begin-in-2018\/\">\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\/02\/26\/gb-auto-assessing-tire-plant-technical-negotiations-to-begin-in-2018\/&title=GB Auto assessing tire plant, technical negotiations to begin in 2018\">\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=GB+Auto+assessing+tire+plant%2C+technical+negotiations+to+begin+in+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fgb-auto-assessing-tire-plant-technical-negotiations-to-begin-in-2018%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\/02\/26\/gb-auto-assessing-tire-plant-technical-negotiations-to-begin-in-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651985\" class=\"content-area-description single-story post-651985 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>GB Auto is restarting negotiations with a number of international partners to assess implementing an expansion plan that includes building a tire factory in Egypt, Chief Investment Officer Menatalla Sadek told <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=323671\">Al Mal<\/a>. Sadek expects technical negotiations to begin in 2018 and says preliminary estimates suggest that the factory would cost USD 600 mn and take two-and-a-half years to complete. She added GB Auto expects reforms like the Investment Act and the automotive directive to improve the investment climate domestically. GB Auto had denied a report in <a href=\"https:\/\/enterprise.press\/stories\/2016\/12\/15\/gb-auto-not-building-a-tire-factory-moving-forward-with-motorcycle-plant\/\">December<\/a> that it had already been allocated land to for a tire factory in Suez.<\/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=\"651986\" 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=\"651986\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/banque-misr-receives-usd-80-mn-from-credit-suisse\/\">\r\n                            Banque Misr receives USD 80 mn from Credit Suisse                        <\/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\/02\/26\/banque-misr-receives-usd-80-mn-from-credit-suisse\/\" 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\/02\/26\/banque-misr-receives-usd-80-mn-from-credit-suisse\/')\">\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\/02\/26\/banque-misr-receives-usd-80-mn-from-credit-suisse\/\">\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=Banque Misr receives USD 80 mn from Credit Suisse&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/banque-misr-receives-usd-80-mn-from-credit-suisse\/\">\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\/02\/26\/banque-misr-receives-usd-80-mn-from-credit-suisse\/&title=Banque Misr receives USD 80 mn from Credit Suisse\">\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=Banque+Misr+receives+USD+80+mn+from+Credit+Suisse+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fbanque-misr-receives-usd-80-mn-from-credit-suisse%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\/02\/26\/banque-misr-receives-usd-80-mn-from-credit-suisse\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651986\" class=\"content-area-description single-story post-651986 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>Banque Misr has received an USD 80 mn tranche in funding from Credit Suisse, Banque Misr Vice Chairman Akef El Maghraby told <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=323651\">Al Mal<\/a>. Banque Misr had announced it is borrowing a total of USD 350 mn from Credit Suisse to support liquidity and meet clients\u2019 USD requirements. The central bank has <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/17\/cbe-issues-criteria-for-banks-using-international-loans-to-strengthen-capital-base\/\">also recently<\/a> issued criteria to guide banks wanting to allocate loans from international funding institutions to support their tier-2 capital. El Maghraby says the most recent tranche brings the total Banque Misr received from Credit Suisse to USD 250 mn, with the timeline for the remaining USD 100 mn to arrive still to be set.<\/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=\"651989\" 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=\"651989\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/mp-proposes-constitutional-amendments-that-would-extend-presidential-term-and-award-president-vaster-powers\/\">\r\n                            MP proposes constitutional amendments that would extend presidential term and award president vaster powers                        <\/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\/02\/26\/mp-proposes-constitutional-amendments-that-would-extend-presidential-term-and-award-president-vaster-powers\/\" 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\/02\/26\/mp-proposes-constitutional-amendments-that-would-extend-presidential-term-and-award-president-vaster-powers\/')\">\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\/02\/26\/mp-proposes-constitutional-amendments-that-would-extend-presidential-term-and-award-president-vaster-powers\/\">\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=MP proposes constitutional amendments that would extend presidential term and award president vaster powers&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/mp-proposes-constitutional-amendments-that-would-extend-presidential-term-and-award-president-vaster-powers\/\">\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\/02\/26\/mp-proposes-constitutional-amendments-that-would-extend-presidential-term-and-award-president-vaster-powers\/&title=MP proposes constitutional amendments that would extend presidential term and award president vaster powers\">\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=MP+proposes+constitutional+amendments+that+would+extend+presidential+term+and+award+president+vaster+powers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fmp-proposes-constitutional-amendments-that-would-extend-presidential-term-and-award-president-vaster-powers%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\/02\/26\/mp-proposes-constitutional-amendments-that-would-extend-presidential-term-and-award-president-vaster-powers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651989\" class=\"content-area-description single-story post-651989 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>MP Ismail Nasr El Din said he would begin circulating a petition to amend the constitution and extend the president\u2019s term in office from four to six years, \u201cto give him more time to accomplish his goals,\u201d and award him vaster powers \u201cto allow him to perform his duties,\u201d <a href=\"http:\/\/www.youm7.com\/story\/2017\/2\/25\/%D9%84%D8%A3%D9%88%D9%84-%D9%85%D8%B1%D8%A9-%D8%B7%D9%84%D8%A8-%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86%D9%89-%D8%AA%D8%AD%D8%AA-%D8%A7%D9%84%D9%82%D8%A8%D8%A9-%D9%84%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D8%A7%D9%84%D8%AF%D8%B3%D8%AA%D9%88%D8%B1-%D9%86%D8%A7%D8%A6%D8%A8-%D9%8A%D8%A8%D8%AF%D8%A3\/3118357\">Youm7 says<\/a>. The MP said that the proposed amendments are not necessarily about the current president, but about changing the system of governance to the better. He also said that he plans to propose amendments to the duties of the Egyptian Council of State\u2019s and laws on the formation of cabinet.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"651991\" 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=\"651991\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/iomax-holds-emergency-talks-with-egypt-to-sell-armed-turboprop-aircrafts\/\">\r\n                            IOMAX holds emergency talks with Egypt to sell armed turboprop aircrafts                        <\/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\/02\/26\/iomax-holds-emergency-talks-with-egypt-to-sell-armed-turboprop-aircrafts\/\" 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\/02\/26\/iomax-holds-emergency-talks-with-egypt-to-sell-armed-turboprop-aircrafts\/')\">\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\/02\/26\/iomax-holds-emergency-talks-with-egypt-to-sell-armed-turboprop-aircrafts\/\">\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=IOMAX holds emergency talks with Egypt to sell armed turboprop aircrafts&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/iomax-holds-emergency-talks-with-egypt-to-sell-armed-turboprop-aircrafts\/\">\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\/02\/26\/iomax-holds-emergency-talks-with-egypt-to-sell-armed-turboprop-aircrafts\/&title=IOMAX holds emergency talks with Egypt to sell armed turboprop aircrafts\">\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=IOMAX+holds+emergency+talks+with+Egypt+to+sell+armed+turboprop+aircrafts+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Fiomax-holds-emergency-talks-with-egypt-to-sell-armed-turboprop-aircrafts%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\/02\/26\/iomax-holds-emergency-talks-with-egypt-to-sell-armed-turboprop-aircrafts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651991\" class=\"content-area-description single-story post-651991 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Signals intelligence and airborne system solutions provider <a href=\"http:\/\/www.iomax.net\/\">IOMAX<\/a> has held \u201cemergency\u201d talks with Egypt\u2019s Defense Ministry \u201cto safeguard an expected sale of armed turboprop aircraft from being poached by its Air Tractor and L3 Technologies competitors,\u201d <a href=\"http:\/\/www.janes.com\/article\/68188\/iomax-moves-to-secure-egyptian-archangel-sale-from-competitor\">IHS Jane\u2019s 360 reported<\/a>. IOMAX has for some months reportedly been in negotiations with Egypt \u201cto support and upgrade 12 AT-802s that have been gifted by the United Arab Emirates (UAE), at the same time as looking to sell the country 10 of its latest Archangel Block 2 Border Patrol Aircraft (BPA).\u201d Jane\u2019s says IOMAX has held emergency talks after discovering \u201cL3 was trying to use the US government to have Egypt buy the AT-802L that it has developed with Air Tractor instead.\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\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"651992\" 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=\"651992\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/food-safety-authority-ends-a-mess-replaces-17-agencies-sharkawy-sarhan\/\">\r\n                            Food Safety Authority ends a \u201cmess,\u201d replaces 17 agencies -Sharkawy &#038; Sarhan                        <\/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\/02\/26\/food-safety-authority-ends-a-mess-replaces-17-agencies-sharkawy-sarhan\/\" 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\/02\/26\/food-safety-authority-ends-a-mess-replaces-17-agencies-sharkawy-sarhan\/')\">\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\/02\/26\/food-safety-authority-ends-a-mess-replaces-17-agencies-sharkawy-sarhan\/\">\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=Food Safety Authority ends a \u201cmess,\u201d replaces 17 agencies -Sharkawy &#038; Sarhan&url=https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/food-safety-authority-ends-a-mess-replaces-17-agencies-sharkawy-sarhan\/\">\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\/02\/26\/food-safety-authority-ends-a-mess-replaces-17-agencies-sharkawy-sarhan\/&title=Food Safety Authority ends a \u201cmess,\u201d replaces 17 agencies -Sharkawy &#038; Sarhan\">\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=Food+Safety+Authority+ends+a+%E2%80%9Cmess%2C%E2%80%9D+replaces+17+agencies+-Sharkawy+%26%23038%3B+Sarhan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2017%2F02%2F26%2Ffood-safety-authority-ends-a-mess-replaces-17-agencies-sharkawy-sarhan%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\/02\/26\/food-safety-authority-ends-a-mess-replaces-17-agencies-sharkawy-sarhan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651992\" class=\"content-area-description single-story post-651992 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The House of Representatives voted to establish a National Food Safety Authority (NFSA) in <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/03\/house-approves-establishment-of-national-food-safety-authority\/\"><strong>January<\/strong><\/a><strong>.<\/strong> Law firm <a href=\"http:\/\/newsletters.getresponse.com\/archive\/egypt_legal_updates\/Egypt-Establishes-the-National-Food-Safety-Authority-372677704.html?e=&u=BVObu&s=laFTcP\">Sharkawy & Sarhan say<\/a> the entity will replace and unify 17 existing supervisory agencies overseeing food safety in Egypt. Before the NFSA, Sharkawy & Sarhan say, food safety regulation was \u201ca mess.\u201d The new agency will, once it is up and running, supervise the handling of food, set the rules and conditions for export, license and inspect food handling, and set the regulations and rules for food advertising and the mandatory labeling criteria along with other functions.<\/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=\"651994\" 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=\"651994\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MARKETS YESTERDAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/by-the-numbers-121\/\">\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\/02\/26\/by-the-numbers-121\/\" 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\/02\/26\/by-the-numbers-121\/')\">\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\/02\/26\/by-the-numbers-121\/\">\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\/02\/26\/by-the-numbers-121\/\">\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\/02\/26\/by-the-numbers-121\/&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%2F02%2F26%2Fby-the-numbers-121%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\/02\/26\/by-the-numbers-121\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651994\" class=\"content-area-description single-story post-651994 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 15.7512 | Sell 15.8518<br \/>\n<strong>EGP \/ USD at CIB:<\/strong> Buy 15.7 | Sell 15.8<br \/>\n<strong>EGP \/ USD at NBE: <\/strong>Buy 15.7 | Sell 15.75<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 12,241 (-1.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.3 bn (215% ABOVE the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -0.8%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session down 1.3%. CIB, the index heaviest constituent fell 0.7%. The EGX30\u2019s top performing constituents were: Madinet Nasr Housing up 8.8%, Domty up 4.7%, and Palm Hills up 2.6%. Thursday\u2019s worst performing stocks included GB Auto down 6.8%, Global Telecom down 5.9%, and ACC down 4.4%. The market turnover was EGP1.3 billion and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +49.4 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +38.6 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -88.0 mn<\/p>\n<p><strong>Retail<\/strong>: 66.9% of total trades | 65.0% of buyers | 68.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 33.1% of total trades | 35.0% of buyers | 31.1% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 17.0% of total | 18.9% of buyers | 15.3% of sellers<br \/>\n <strong>Regional:<\/strong> 10.5% of total | 11.9% of buyers | 9.0% of sellers<br \/>\n <strong>Domestic:<\/strong> 72.5% of total | 69.2% of buyers | 75.7% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 53.99 (-0.84%)<br \/>\n <strong>Brent:<\/strong> USD 55.99 (-1.04%)<br \/>\n<strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.63 MMBtu, (+0.38%, April 2017 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,258.30 \/ troy ounce (+0.55%)<br\n<strong>TASI:<\/strong> 7,046.2 (-0.2%) (YTD: -2.3%)<br \/>\n <strong>ADX:<\/strong> 4,653.4 (+0.3%) (YTD: +2.4%)<br \/>\n <strong>DFM:<\/strong> 3,633.9 (-0.3%) (YTD: +2.9%)<br \/>\n <strong>KSE Weighted Index:<\/strong> 427.1 (+0.9%) (YTD: +12.4%)<br \/>\n <strong>QE:<\/strong> 10,925.4 (-0.2%) (YTD: +4.7%)<br \/>\n <strong>MSM:<\/strong> 5,849.5 (-0.3%) (YTD: +1.2%)<br \/>\n <strong>BB: <\/strong>1,349.3 (+0.5%) (YTD: +10.6%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-markets-yesterday\/\">The markets yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"651995\" 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\/02\/26\/651995\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-651995\" class=\"content-area-description single-story post-651995 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>23 February - 16 March (Thursday-Thursday): \u2018Glimpses of Upper Egypt\u2019 <a href=\"http:\/\/www.ansamed.info\/ansamed\/en\/news\/sections\/culture\/2017\/02\/20\/glimpses-of-upper-egypt-show-at-accademia-egitto_26b89d3e-33aa-4647-bd6e-3c4b362b4324.html?idPhoto=1\">exhibition<\/a> at <a href=\"http:\/\/ar.accademiaegitto.org\/\">Accademia d\u2019Egitto<\/a> in Rome.<\/p>\n<p>26 February (Sunday): AmCham conference on Egypt\u2019s Financial Reform Agenda, Cairo. <a href=\"http:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fevents-activities%2Fregister-upcoming-event%2F1062\">Register here<\/a>.<\/p>\n<p>02-03 March (Thursday-Friday): German Chancellor Angela Merkel\u2019s <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/258631\/Egypt\/Politics-\/German-parliamentary-delegation-meet-with-Egypts-s.aspx\">visit<\/a> to Egypt.<\/p>\n<p>06-08 March (Monday-Wednesday): 13th <a href=\"https:\/\/oneonone2017.efghermes.com\/pages\/home.aspx\">EFG Hermes One on One Conference<\/a>, Dubai, United Arab Emirates.<\/p>\n<p>08 March (Wednesday): <a href=\"https:\/\/microfinance.iqpc.ae\/?utm_source=conferencealerts&utm_medium=portal&utm_campaign=24796.003-external-diarylisting&utm_term=homepage&utm_content=text&mac=24796.003_confal_dl&disc=24796.003_confal_dl\">Microfinance forum<\/a>, Nile Ritz-Carlton, Cairo.<\/p>\n<p>09-11 March (Thursday-Saturday): <a href=\"http:\/\/www.egypt-projects.com\/\">Egypt Projects Summit<\/a>, Cairo International Convention Center, Cairo.<\/p>\n<p>14-15 March (Tuesday-Wednesday): The third <a href=\"http:\/\/buildersofegypt.com\/\">Builders of Egypt conference<\/a>, Ritz Carlton Hotel, Cairo.<\/p>\n<p>15 March (Wednesday): Arab Women Organization\u2019s event: Investing in refugee women, UN General Assembly Building, New York City.<\/p>\n<p>15-19 March (Sunday-Thursday): 2017 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>18-19 March (Saturday-Sunday): Delegation of Japanese food industries companies visits Egypt.<\/p>\n<p>29-30 March (Wednesday-Thursday): <a href=\"http:\/\/www.cityscapeegypt.com\/conference-zone#overview\">Cityscape Egypt Conference<\/a>, Nile Ritz-Carlton, Cairo.<\/p>\n<p>29-31 March (Wednesday-Friday): <a href=\"http:\/\/mthc.alexu.edu.eg\/\">Balanced Development of Siwa Oasis International Tourism Conference<\/a>, Siwa Oasis.<\/p>\n<p>30 March (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>31 March - 03 April (Friday-Monday): <a href=\"http:\/\/www.cityscapeegypt.com\/\">Cityscape Egypt Exhibition<\/a>, Cairo International Convention Center, Cairo. <a href=\"http:\/\/www.cityscapeegypt.com\/forms\/conference-delegate-bookings\">Register here<\/a>.<\/p>\n<p>03-06 April (Monday-Thursday): <a href=\"http:\/\/agrofood-africa.com\/\">Agri & Foodex Africa<\/a>, Khartoum International Fair Ground, Khartoum, Sudan.<\/p>\n<p>08-10 April (Saturday-Monday): <a href=\"http:\/\/www.pharmaconex-exhibition.com\/\">Pharmaconex<\/a>, Cairo International Convention Center, Cairo.<\/p>\n<p>16 April (Sunday): Coptic Easter Sunday.<\/p>\n<p>17 April (Monday): Sham El Nessim, national holiday.<\/p>\n<p>20 April (Thursday): Closing date for the <a href=\"http:\/\/emra.gov.eg\/UI\/Lang1\/TDIDataShow.aspx?ID=60\">Egyptian Mineral Resources Authority bid round number 1 for 2017<\/a> for gold and associated minerals.<\/p>\n<p>24-25 April (Monday-Tuesday): Renaissance Capital\u2019s Egypt Investor Conference, Cape Town, South Africa.<\/p>\n<p>25 April (Tuesday): Sinai Liberation Day, national holiday.<\/p>\n<p>30 April - 03 May (Sunday-Wednesday): <a href=\"http:\/\/www.cementconcrete-me.com\/\">Cement & Concrete 2017<\/a>, Riyadh International Convention & Exhibition Center, Saudi Arabia.<\/p>\n<p>01 May (Monday): Labor Day, national holiday.<\/p>\n<p>08-09 May (Monday-Tuesday): Third <a href=\"http:\/\/egyptcsrforum.com\/\">Egypt CSR Forum<\/a>, Intercontinental Citystars Hotel, Cairo.<\/p>\n<p>16 May (Tuesday): Official expiry date for the decision to suspend capital gains taxes on stock market transactions.<\/p>\n<p>22-23 May (Monday-Tuesday): <a href=\"https:\/\/northafricamno.iqpc.ae\/?utm_source=email&utm_medium=internalemail&utm_campaign=28261.001+-+EM.5+-+Content+Primary+-+The+Spread+of+4G+report&utm_term=Homepage&utm_content=TEXT&mac=1-29536932645&disc=\">North Africa Mobile Network Optimisation Conference<\/a>, Cairo.<\/p>\n<p>27 May (Saturday): First day of Ramadan (TBC).<\/p>\n<p>26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC).<\/p>\n<p>30 June (Friday): 30 June, national holiday.<\/p>\n<p>23 July (Sunday): Revolution Day, national holiday.<\/p>\n<p>02-05 September (Saturday-Tuesday): Eid Al-Adha, national holiday (TBC).<\/p>\n<p>17-19 September (Sunday-Tuesday): Pipeline-Pipe-Sewer-Technology <a href=\"https:\/\/www.pipelinepipesewer.com\/\">Conference & Exhibition<\/a>, Intercontinental Citystars Hotel, Cairo.<\/p>\n<p>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":651956,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-651955","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a7e69e67-65b6-4463-88a0-e6b7f5be5f91","teaser":"","photo_url":"https:\/\/ent.news\/2016\/12\/X2A9302-2.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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