{"id":655987,"date":"2024-11-27T00:00:00","date_gmt":"2024-11-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=655987"},"modified":"2025-12-18T01:38:28","modified_gmt":"2025-12-18T01:38:28","slug":"sovereign-egp-denominated-sukuk-in-the-works-for-next-fiscal-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-egp-denominated-sukuk-in-the-works-for-next-fiscal-year\/","title":{"rendered":"Sovereign EGP-denominated sukuk in the works for next fiscal year"},"content":{"rendered":"<section id=\"655989\" 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=\"655989\">\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\/2024\/11\/27\/united-bank-retail-offering-to-kick-off-today\/\">\r\n                            United Bank retail offering to kick off today                        <\/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\/2024\/11\/27\/united-bank-retail-offering-to-kick-off-today\/\" target=\"_blank\">\n                    Open in new 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/united-bank-retail-offering-to-kick-off-today\/12-jpg-42\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/12.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"12.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/12.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/12.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-655989\" class=\"content-area-description single-story post-655989 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-united-bank tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.571266e4-258e-4d36-996f-96354d2a1457.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, all.<\/strong> In a refreshingly slim issue of EnterpriseAM this morning, we\u2019ve got news that a local currency sovereign sukuk is in the works, news of yet another Chinese auto factory, United Bank\u2019s retail tranche kicking off, and much, much more.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a money story in the Gulf. <\/strong>Take one look at the news, and you\u2019ll see headlines about Saudi Arabia\u2019s rapidly changing economy, Qatar\u2019s investment in mass infrastructure, and the UAE\u2019s transformation into a global tech hub. The geopolitical tectonic plates are shifting. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">To stay up to date on the business happening in the Gulf that is impacting the world around you, <strong><a target=\"_blank\" href=\"https:\/\/www.semafor.com\/newsletters\/gulf?utm_medium=swap&amp;utm_source=swaps&amp;utm_campaign=enterpriseam2\" style=\"\" rel=\"noopener\">check out our friends at Semafor Gulf<\/a><\/strong><strong>.<\/strong> Each issue uncovers the economic forces shaping the region \u2014 and the world. <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/newsletters\/gulf?utm_medium=swap&amp;utm_source=swaps&amp;utm_campaign=enterpriseam2\" style=\"\" rel=\"noopener\">Subscribe without charge<\/a>.<\/p><p class=\"tag-border-left\">PSA-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Cool weather continues in Cairo today, with a high of 20\u00b0C and a low of 15\u00b0C, according to our favorite weather app.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s just as cold in Alexandria<\/strong>, with a high of 20\u00b0C, a low of 15\u00b0C, and spots of rain throughout the day.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p class=\"tag-border-left\">HAPPENING TODAY- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- Retail investors will have the chance to buy up a piece of United Bank<\/strong> in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2ac297e0-bf51-431c-a4ca-1efc1b948037\/united-bank-eyes-raising-up-to-egp-5.1-bn-in-upcoming-ipo\" style=\"\" rel=\"noopener\">offering\u2019s<\/a> retail placement set to begin later today and run until 3 December. Retail investors will be able to pick up 5% of the offered up shares \u2014 totalling 16.5 mn shares \u2014 in the bank.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bank\u2019s private placement that wrapped earlier this week was 6x oversubscribed<\/strong>, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/1-89-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%b3%d9%87%d9%85-%d8%a5%d8%ac%d9%85%d8%a7%d9%84%d9%8a-%d8%a7%d9%84%d8%b7%d9%84%d8%a8%d8%a7%d8%aa-%d8%a5%d8%ba%d9%84%d8%a7%d9%82-%d8%a7%d9%84%d8%a7\/\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/almalnews.com\/1-89-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%b3%d9%87%d9%85-%d8%a5%d8%ac%d9%85%d8%a7%d9%84%d9%8a-%d8%a7%d9%84%d8%b7%d9%84%d8%a8%d8%a7%d8%aa-%d8%a5%d8%ba%d9%84%d8%a7%d9%82-%d8%a7%d9%84%d8%a7\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/almalnews.com\/1-89-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%b3%d9%87%d9%85-%d8%a5%d8%ac%d9%85%d8%a7%d9%84%d9%8a-%d8%a7%d9%84%d8%b7%d9%84%d8%a8%d8%a7%d8%aa-%d8%a5%d8%ba%d9%84%d8%a7%d9%82-%d8%a7%d9%84%d8%a7\/\" style=\"\" rel=\"noopener\">Mal<\/a> reported. The placement offered up 95% of the offered shares \u2014 equivalent to 313.5 mn shares.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: The total offering could see the bank raise up to EGP 5.1 bn<\/strong> by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8d79ff05-21fa-44eb-9911-9f2eeb114ae7\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8d79ff05-21fa-44eb-9911-9f2eeb114ae7\/\" style=\"\" rel=\"noopener\">floating 330 mn<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8d79ff05-21fa-44eb-9911-9f2eeb114ae7\/\" style=\"\" rel=\"noopener\">of its shares<\/a> \u2014 equivalent to a 30% stake.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- It\u2019s day two of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egypt-energy.com\/en\/home.html\" style=\"\" rel=\"noopener\">Egypt Energy<\/a><\/strong>, which wraps up tomorrow. The event \u2014 promoted as North Africa\u2019s largest energy gathering \u2014 will bring together local and international energy companies from the entire energy value chain from energy storage to transmission and renewable along with government officials from at home and the region. In addition to the 10k attendees and 180 exhibitors, <a target=\"_blank\" href=\"https:\/\/www.egypt-energy.com\/en\/conference\/speakers.html\" style=\"\" rel=\"noopener\">70 speakers<\/a> are also booked to take part in the show\u2019s conference.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Day one of the conference saw SCZone head Walid Gamal El Din deliver a keynote <\/strong><strong>address,<\/strong> wherein he emphasized the SCZone's commitment to continue advancing the localization of green energy production by strengthening partnerships with all those involved in its production, according to an SCZone <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02rwAvHoroui3zok8SU2tdCCqJLt74vCPfdqpnvgi9yX4STuwr6pTrzDHShzydhBQal\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> #<strong>3- It\u2019s <\/strong><strong>the third and final day of the Federation of Egyptian Industries-organized <\/strong><strong>International Manufacturing Convention and Exhibition<\/strong> at Cairo\u2019s Al Manara International Conference Center. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Day two of the event saw President Abdel Fattah El Sisi meet with the heads of a number <\/strong><strong>of major international companies taking part in the event<\/strong>, with the president discussing Egypt\u2019s \u201ckeenness to exert all efforts to stimulate the industrial sector, with the aim of localizing the industry,\u201d according to an <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0rGWhgXDrY9iizSGf98Kx1PyLW8Ypc5NL79NDDiARt9CLmAfWaXaTrr1MwPR3qonDl?__cft__%5B0%5D=AZVW9CMnby0yLM-5a5d3zUAy65j_8bjTOSb-EOcm8ORyl1vihWGuBEv5RAVHLLJuFBmEI14dxCYv_EjcAO7JCzymrm65b5j2PYyeXCzk5nKVlcOYlYpflyuWoP7OuRX1WD-A5ZPv7Lh_IPPU8u5F6O5pg7JBogOxwKXv9p5uK5jF0fRo8NjR3dk_UCSbTDdgLSs&amp;__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">Ittihadiya<\/a> statement. El Sisi also mentioned specific key sectors the state has earmarked for localization, including \u201cproviding water desalination and recycling requirements, to support relevant national projects.\u201d<\/p><p class=\"tag-border-left\">DATA POINT- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is looking to raise the industrial sector\u2019s contribution to the country\u2019s total GDP to <\/strong><strong>20-30%<\/strong> from its current 14%, Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid01PJsFpufJ3wxfoBhZTeiS8EwuKkB1q3EHjbH3bV7V4CXmvk8TqkUZYH1MAXqbYT3l?rdid=UGoIDZeAy3BzoYZd#\" style=\"\" rel=\"noopener\">said<\/a>. He also highlighted the government\u2019s plan to up the local component ratio in the industrial sector to 70-80%, up from no more than 40-50% at the moment. <\/p><p class=\"tag-border-left\">DEBT WATCH- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CBE sold EGP 443 mn worth of 3-year, fixed-rate, EGP-denominated treasury bonds <\/strong>\u2014 out of total EGP 10.5 bn in submitted bids \u2014 in Monday\u2019s auction as investors demanded higher yields, according to <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/auctions\/egp-t-bonds-fixed-coupon\" style=\"\" rel=\"noopener\">data<\/a> from the Central Bank of Egypt. The 29 bids on offer carried yields ranging from 24.1% to 32.0%, with the four accepted bids carrying a weighted average yield of 24.1%.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p class=\"tag-border-left\">CIRCLE YOUR CALENDAR-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This year\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/foodafrica-expo.com\/\" style=\"\" rel=\"noopener\">Food Africa Expo<\/a><\/strong><strong> is set to take place between 3-5 December,<\/strong> with the event set to take place at the Egypt International Exhibition Center. The three-day event will bring together wholesalers, distributors, and retailers in food and beverage industries from countries across the world. You can register on the event\u2019s <a target=\"_blank\" href=\"https:\/\/foodafrica-expo.com\/book-your-space\" style=\"\" rel=\"noopener\">website<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Premium Healthcare\u2019s extraordinary general assembly to vote on acquisitions next<\/strong><strong> month:<\/strong> Premium Healthcare\u2019s \u2014 formerly City Lab \u2014 extraordinary general assembly will meet on Thursday, 19 December to discuss and vote on a number of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32129322-9c63-4afb-9015-6f4043e56abb\/city-lab-is-making-a-play-for-five-more-medical-companies-in-egypt-and-across-the-region\" style=\"\" rel=\"noopener\">previously announced<\/a> acquisitions, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2472.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The ten acquisitions have a combined price tag of EGP 1.7 bn.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CORRECTION #1- <\/strong>We mistakenly referred to Souhoola as CI Capital\u2019s consumer finance firm in yesterday\u2019s issue of EnterpriseAM Egypt \u2014 the firm operates under Banque Misr. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78410394-0a7a-454a-8ba2-b3b825649fb8\/souhoola-closes-first-egp-478-mn-securitized-bond-issuance\" style=\"\" rel=\"noopener\">story<\/a> has been amended on our website. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CORRECTION #2- <\/strong>In yesterday\u2019s issue of EnterpriseAM Egypt, we mistakenly reported that Concrete Fashion Group got the greenlight from the Financial Regulatory Authority to convert all its shares in subsidiaries Swiss Garments and Cristall for Making Shirts into indirect ownership. The move is still pending the necessary approvals from the FRA and other relevant entities. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef9c462d-5969-4a22-8710-6a45fbd2a223\/how-will-the-incoming-trump-administration-affect-the-markets\" style=\"\" rel=\"noopener\">story<\/a> has been amended on our website. <\/p><p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel and Hezbollah agreed to a ceasefire agreement that is set to take hold this<\/strong><strong> morning<\/strong>, after the Israeli cabinet voted in favor of a pact brokered by the US and France. The agreement will see Israel \u201cgradually withdraw its remaining forces\u201d from its border with Lebanon over the next 60 days, while \u201cthe Lebanese Army and the State Security Forces will deploy and take control of their own territory [in the south] once again,\u201d US President Joe Biden <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2024\/11\/26\/remarks-by-president-biden-announcing-cessation-of-hostilities-between-israel-and-hezbollah\/\" style=\"\" rel=\"noopener\">said yesterday<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ceasefire coming for Palestine soon?<\/strong> Washington is planning to \u201cmake another push with Turkey, Egypt, Qatar, Israel, and others\u201d to reach a similar ceasefire agreement in Palestine, Biden said. An agreement would see Israel halting its assault on Gaza while removing Hamas from its position as de facto rulers of the enclave, and securing the release of remaining Israeli hostages. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biden is looking to also push through with a set of agreements with Saudi Arabia<\/strong>, including a defense pact and other forms of economic cooperation, which would also see Riyadh recognize and create diplomatic ties with Israel. The agreements have stalled since earlier this year as Saudi has made its recognition of Israel contingent on having a \u201cclear and credible\u201d pathway for Palestinian statehood. The story is topping front pages in the international press this morning: <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-poised-approve-ceasefire-with-hezbollah-israeli-official-says-2024-11-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-26\/biden-says-israel-and-hezbollah-reach-cease-fire-agreement\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/11\/26\/world\/israel-hezbollah-lebanon-cease-fire\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/11\/26\/israel-lebanon-permanent-ceasefire-has-been-accepted-biden-says-.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/israel-hezbollah-lebanon-ceasefire-approved-8a236ef3\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6110671d-143b-40fd-a63d-c500964b6b9d\" style=\"\" rel=\"noopener\">Financial Times<\/a> <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2503.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We look at the latest in fraudulent activities as broken down in Visa\u2019s new payment threats report.<\/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\/united-bank\/\">United Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"655991 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"655991\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/655991\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-655991\" class=\"content-area-description single-story post-655991 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/somabay.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1544.jpg?ssl=1\"><\/a><\/span><\/p>\n<div class=\"grouped-tags\">\n<p><span style=\"font-weight:700\">Somabay<\/span><span style=\"\">, <\/span><span style=\"font-weight:400;\">every reason to fall in love.<\/span><\/p>\n<\/div>\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=\"655992\" 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=\"655992\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/egypt-to-issue-its-first-local-currency-sukuk-in-fy-2025-26\/\">\r\n                            Egypt to issue its first local currency sukuk in FY 2025-26                        <\/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\/2024\/11\/27\/egypt-to-issue-its-first-local-currency-sukuk-in-fy-2025-26\/\" 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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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"451.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/451.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/451.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-655992\" class=\"content-area-description single-story post-655992 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-economy tag-enterpriseam tag-sukuk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.4c9d98aa-7468-4302-b027-3335e40cdc0d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>An EGP-denominated sovereign sukuk issuance is in the works: <\/strong>The government is planning to issue its first EGP-denominated sovereign sukuk in the domestic market in the next fiscal year, a senior government source told EnterpriseAM. The move aims to finance public investments outside of the general budget, and comes as government entities begin to prepare their FY 2025-26 budgets, the source noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6152c0e0-66bd-48d5-b73f-1de6cac73e6c\/egypt%25e2%2580%2599s-debut-usd-1.5-bn-sovereign%253cmark%253e-sukuk%253c%2Fmark%253e-issuance-wraps-4x-oversubscribed\" style=\"\" rel=\"noopener\">maiden sovereign sukuk issuance<\/a> in international markets in 2023 raised USD 1.5 bn and was more than 4x oversubscribed, attracting an order book of USD 6.1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The sukuk will be issued in a series of tranches for government entities under the sovereign sukuk program, with the government currently exploring various sukuk types, including ijara, murabaha, and istisnaa, among others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The new issuance comes as the government seeks lower domestic and international borrowing costs alongside financing for development projects at a time when the state has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4286f10b-5618-426b-87de-d53d22d9591a\" style=\"\" rel=\"noopener\">capped public investment at EGP 1 tn<\/a> for the current fiscal year. It also comes as the government has been exploring <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2231fb64-06b2-46fd-806a-eb46bbaead17\/egypt-is-looking-to-tap-usd-3-bn-worth-of-external-debt-by-june,-kouchouk-reportedly-tells-foreign-investors\" style=\"\" rel=\"noopener\">potential routes<\/a> for re-entering international debt markets, with previously discussed options, including the issuance of USD-denominated bonds, sukuk to meet rising global demand, or bonds backed by guarantees from institutions like the IMF to lower borrowing costs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We had an inkling that a sukuk issuance was coming: <\/strong>Finance Minister Ahmed Kouchouk last month said that the government was considering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce82e62f-3bbc-44a4-9b99-003d6f758bb2\/egypt%e2%80%99s-airport-privatization-plans-are-already-attracting-suitors\" style=\"\" rel=\"noopener\">EGP 5-10 bn<\/a> worth of green bond and sukuk issuances during the last two quarters of FY 2024-25.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could a Eurobond issuance be next?<\/strong> Finance Minister Ahmed Kouchouk told foreign investors in London earlier this year that Egypt was set to issue <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2231fb64-06b2-46fd-806a-eb46bbaead17\" style=\"\" rel=\"noopener\">USD 3 bn<\/a> in Eurobonds and other debt instruments in FY 2024-25.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sukuk\/\">sukuk<\/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=\"655994\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div 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                  <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/al-mansour-automotive-and-chinas-saic-to-build-mg-assembly-plant\/\">\r\n                            Al Mansour Automotive and China\u2019s SAIC to build MG assembly plant                        <\/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\/2024\/11\/27\/al-mansour-automotive-and-chinas-saic-to-build-mg-assembly-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Al+Mansour+Automotive+and+China%E2%80%99s+SAIC+to+build+MG+assembly+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F11%2F27%2Fal-mansour-automotive-and-chinas-saic-to-build-mg-assembly-plant%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\/2024\/11\/27\/al-mansour-automotive-and-chinas-saic-to-build-mg-assembly-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2516.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"655996\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/al-mansour-automotive-and-chinas-saic-to-build-mg-assembly-plant\/2516-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2516.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2516.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2516.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2516.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-655995\" class=\"content-area-description single-story post-655995 post type-post status-publish format-standard has-post-thumbnail hentry category-automotive tag-automotive tag-enterpriseam tag-gb-auto tag-mansour-group tag-manufacturing tag-mg-motor tag-saic-motor wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.859c5693-00cc-4548-b9db-19a572316050.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>China\u2019s automotive footprint in the country continues to grow: <\/strong>Al Mansour Automotive is partnering with China\u2019s state-owned SAIC and another unnamed partner to establish a factory for assembling both traditional and electric cars for SAIC-owned brand MG in Egypt, company CEO Ankush Arora told <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AsharqbEGY\/posts\/pfbid0arxPaHyrcu2wQD9GhbE6Zo251QSAE7dcgnwdJdcPAdJqUAdw4c4kUCVP8LgeSBgvl\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The factory is expected to begin production within the next two years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two have been working together for some while now: <\/strong>Al Mansour <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2018\/08\/16\/al-mansour-becomes-exclusive-distributor-for-mg-in-egypt-to-invest-egp-400-mn-by-2022\/\" style=\"\" rel=\"noopener\">sec<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2018\/08\/16\/al-mansour-becomes-exclusive-distributor-for-mg-in-egypt-to-invest-egp-400-mn-by-2022\/\" style=\"\" rel=\"noopener\">ured the rights<\/a> to be MG\u2019s exclusive distributor back in 2018. Just a year after this, we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9532db0-b4fb-4571-9feb-cf484ec433dc\/egypt-made-mg-cars-soon-as-mansour-signs-manufacturing-jv-agreement\" style=\"\" rel=\"noopener\">first heard<\/a> about Al Mansour Automotive\u2019s plans to produce MG-badged vehicles in partnership with MG Motor parent company SAIC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese automakers are more and more looking towards Egypt: <\/strong>In just this month alone, we\u2019ve heard that FAW Group is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2d0b689-e055-458e-a147-05585521e779\/%253cmark%253echinese%253c%2Fmark%253e-automaker-faw-to-return-to-the-market-with-new-local-agent.-plus:-arab-contractors,-orascom-investment,-icon,--wadi-degla-developments,-mg-development,-egypt-castings\" style=\"\" rel=\"noopener\">re-entering the Egyptian market<\/a> in 1Q 2025, Chery International subsidiaries Omoda and Jaecoo <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2d0b689-e055-458e-a147-05585521e779\/%253cmark%253echinese%253c%2Fmark%253e-automaker-faw-to-return-to-the-market-with-new-local-agent.-plus:-arab-contractors,-orascom-investment,-icon,--wadi-degla-developments,-mg-development,-egypt-castings\" style=\"\" rel=\"noopener\">are in talks<\/a> to enter the Egyptian market, an El Nasr Automotive and El Safy Group JV will begin <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/16483933-38e4-4434-a414-96ba8aa8f619\/el-nasr-auto-and-al-safy-group-form-auto-assembly-jv-with-usd-40-mn-in-initial-investments\" style=\"\" rel=\"noopener\">producing three models<\/a> for an unnamed Chinese automaker, Chery subsidy Exeed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e62aec66-2613-4f71-9123-22586a5cce98\/al-safy-to-invest-usd-80-mn-to-develop-its-television,-smartphone-production-lines.-plus:-exeed,-mineral-resources-authority,-raya-holding-%2B-helios,-ict-misr,-orange-egypt\" style=\"\" rel=\"noopener\">officially launched<\/a> local assembly, Al Nasr Automotive <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e231a5e8-5a06-41ad-9464-d0385800c699\/el-nasr-automotive-back-in-gear-after-15-year-assembly-pause\" style=\"\" rel=\"noopener\">delivered its first batch<\/a> of buses in partnership with Yutong, Jinbei <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3cba7dcd-b25c-4d88-9138-43dd0522d390\/%253cmark%253echinese%253c%2Fmark%253e-automaker-jinbei-to-launch-local-assembly-through-its-local-agent\" style=\"\" rel=\"noopener\">will soon assemble<\/a> its models locally, and an unnamed Chinese company is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70dd2612-1d8c-4f14-877e-802044a3b1d5\/egyptian-%253cmark%253echinese%253c%2Fmark%253e-jv-to-set-up-usd-360-mn-tire-factory-in-the-sczone\" style=\"\" rel=\"noopener\">looking to set up<\/a> a USD 360 mn tire factory \u2014 now take a breath.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We did a deep dive into the challenges facing automakers in Egypt in our weekly Inside<\/strong><strong> Industry last month. <\/strong>Check out the story <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aede746e-4417-45f6-a313-69671709e844\/local-auto-manufacturing-to-gain-momentum-in-2025,-but-challenges-persist\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- General Motors, which also works with Al Mansour Automotive as its exclusive <\/strong><strong>distributor, plans to introduce two new car models<\/strong> \u2014 one electric and one conventional \u2014 to the Egyptian market in 2025, the company\u2019s chair and managing director Sharon Nishi told <a target=\"_blank\" href=\"https:\/\/x.com\/AsharqbEGY\/status\/1861367421900112007\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The company is particularly focused on opening up new export markets in Africa, Nishi added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Nissan Egypt\u2019s exports are expected to grow by more than 50% y-o-y by the end of <\/strong><strong>this year<\/strong>, Managing Director Mohamed Abdel Samad told <a target=\"_blank\" href=\"http:\/\/v\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The firm\u2019s sales in Egypt are expected to increase by 20% y-o-y by the end of the year, Abdel Samad added, saying that the automotive market has begun recovering from the downturn that followed the float of the EGP.<\/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\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gb-auto\/\">GB Auto<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mansour-group\/\">Mansour Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            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interest of the nation\u2019s hosts&url=https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/icc-arrest-warrants-and-the-incoming-trump-administrations-threats-of-sanctions-caught-the-interest-of-the-nations-hosts\/\">\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\/2024\/11\/27\/icc-arrest-warrants-and-the-incoming-trump-administrations-threats-of-sanctions-caught-the-interest-of-the-nations-hosts\/&title=ICC arrest warrants and the incoming Trump administration's threats of sanctions caught the interest of the nation\u2019s hosts\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/icc-arrest-warrants-and-the-incoming-trump-administrations-threats-of-sanctions-caught-the-interest-of-the-nations-hosts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2524.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"655999\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/icc-arrest-warrants-and-the-incoming-trump-administrations-threats-of-sanctions-caught-the-interest-of-the-nations-hosts\/2524-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2524.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2524.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2524.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2524.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-655998\" class=\"content-area-description single-story post-655998 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-enterpriseam tag-last-nights-talk-shows tag-middle-east-politics tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.92b26c81-98fe-460d-b850-5e1c18003133.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The nation\u2019s hosts responded to sanctions threats from the <\/strong><strong>incoming Trump administration <\/strong><strong>to ICC prosecutor and<\/strong><strong> officials <\/strong>in response to its decision to issue arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant. \"This is not the first time Washington has made such threats. Previously, it imposed sanctions on the former ICC prosecutor and senior staff. Yet, this did not deter the current or former prosecutor from proceeding with the measures and issuing decisions they deemed correct,\" ICC Spokesperson Fadi El Adallah told Sherif Amer (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=1117395369846722\" style=\"\" rel=\"noopener\">watch, runtime: 8:32<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The search for survivors in the Red Sea continues, <\/strong>and the nation\u2019s talking heads are continuing to keep their ears to the ground for any developments. Red Sea Governor Amr Hanafi provided updates on the situation and the government\u2019s ongoing rescue efforts during a phone call with Yahduth Fi Misr\u2019s Sherif Amer (watch, runtime: <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=587791237264790\" style=\"\" rel=\"noopener\">3:33<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=536464742488820\" style=\"\" rel=\"noopener\">2:15<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=953365983364196\" style=\"\" rel=\"noopener\">3:32<\/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\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east-politics\/\">Middle East politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"656000\" 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=\"656000\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/four-bodies-recovered-five-survivors-found-following-tourist-boat-capsizing\/\">\r\n                            Four bodies recovered, five survivors found following tourist boat capsizing                        <\/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\/2024\/11\/27\/four-bodies-recovered-five-survivors-found-following-tourist-boat-capsizing\/\" 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\/2024\/11\/27\/four-bodies-recovered-five-survivors-found-following-tourist-boat-capsizing\/')\">\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\/2024\/11\/27\/four-bodies-recovered-five-survivors-found-following-tourist-boat-capsizing\/\">\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=Four bodies recovered, five survivors found following tourist boat capsizing&url=https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/four-bodies-recovered-five-survivors-found-following-tourist-boat-capsizing\/\">\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\/2024\/11\/27\/four-bodies-recovered-five-survivors-found-following-tourist-boat-capsizing\/&title=Four bodies recovered, five survivors found following tourist boat capsizing\">\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=Four+bodies+recovered%2C+five+survivors+found+following+tourist+boat+capsizing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F11%2F27%2Ffour-bodies-recovered-five-survivors-found-following-tourist-boat-capsizing%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\/2024\/11\/27\/four-bodies-recovered-five-survivors-found-following-tourist-boat-capsizing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2512.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"656001\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/four-bodies-recovered-five-survivors-found-following-tourist-boat-capsizing\/2512-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2512.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2512.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2512.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2512.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656000\" class=\"content-area-description single-story post-656000 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.090e66b9-1190-4b75-a896-43a30b325122.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Outlets across the globe are continuing to provide updates on search and rescue efforts<\/strong><strong> in the Red Sea<\/strong>: Four bodies were recovered yesterday from the tourist yacht that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c335da5e-71b0-4c36-a352-0c4388dad443\/at-least-16-missing-after-tourist-boat-capsizes-in-the%253cmark%253e-red-sea%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">capsized<\/a> in Egypt\u2019s Red Sea on Monday, with rescue efforts continuing for the seven people still missing, according to the <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=979226287572645&id=100064558487341&ref=embed_post\" style=\"\" rel=\"noopener\">Red Sea Governorate<\/a>. Authorities reported five additional survivors on Tuesday \u2014 two Belgian tourists, one Swiss tourist, one Finnish tourist, and an Egyptian \u2014 bringing the total number of survivors to 33. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/three-bodies-recovered-capsized-tourist-boat-off-egypts-red-sea-coast-13-missing-2024-11-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/egypt-red-sea-vessel-sinking-survivors-14334a21d5ed2fd03bdae8a14becf7c4\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/video\/world\/middleeast\/100000009845970\/red-sea-egypt-boat-sinking.html?searchResultPosition=2\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/11\/26\/africa\/red-sea-tourist-boat-bodies-found-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/live-news\/20241126-four-bodies-four-survivors-recovered-from-egypt-red-sea-sinking-governor\" style=\"\" rel=\"noopener\">France24<\/a> | <a target=\"_blank\" href=\"https:\/\/news.sky.com\/story\/red-sea-search-teams-intensifying-efforts-to-find-missing-britons-after-yacht-sinks-13260855\" style=\"\" rel=\"noopener\">Sky News<\/a> | <a target=\"_blank\" href=\"https:\/\/english.news.cn\/africa\/20241126\/e6e6936aed1841f192812f2250f7977d\/c.html\" style=\"\" rel=\"noopener\">Xinhua<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/news\/world\/egypt-tourist-boat-capsized-red-sea-bodies-recovered-diving-trip-rcna181792\" style=\"\" rel=\"noopener\">NBC News<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"656002\" 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=\"656002\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/govt-targeting-50-vaccine-localization-by-2030-plus-flydubai-e-finance-cassava-ezz-steel\/\">\r\n                            Gov\u2019t targeting 50% vaccine localization by 2030. PLUS: Flydubai, E-finance + Cassava, Ezz Steel                        <\/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\/2024\/11\/27\/govt-targeting-50-vaccine-localization-by-2030-plus-flydubai-e-finance-cassava-ezz-steel\/\" 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\/2024\/11\/27\/govt-targeting-50-vaccine-localization-by-2030-plus-flydubai-e-finance-cassava-ezz-steel\/')\">\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\/2024\/11\/27\/govt-targeting-50-vaccine-localization-by-2030-plus-flydubai-e-finance-cassava-ezz-steel\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t targeting 50% vaccine localization by 2030. PLUS: Flydubai, E-finance + Cassava, Ezz Steel&url=https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/govt-targeting-50-vaccine-localization-by-2030-plus-flydubai-e-finance-cassava-ezz-steel\/\">\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\/2024\/11\/27\/govt-targeting-50-vaccine-localization-by-2030-plus-flydubai-e-finance-cassava-ezz-steel\/&title=Gov\u2019t targeting 50% vaccine localization by 2030. PLUS: Flydubai, E-finance + Cassava, Ezz Steel\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+targeting+50%25+vaccine+localization+by+2030.+PLUS%3A+Flydubai%2C+E-finance+%2B+Cassava%2C+Ezz+Steel+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F11%2F27%2Fgovt-targeting-50-vaccine-localization-by-2030-plus-flydubai-e-finance-cassava-ezz-steel%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\/2024\/11\/27\/govt-targeting-50-vaccine-localization-by-2030-plus-flydubai-e-finance-cassava-ezz-steel\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/4515.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"656003\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/govt-targeting-50-vaccine-localization-by-2030-plus-flydubai-e-finance-cassava-ezz-steel\/4515-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/4515.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"4515.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/4515.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/4515.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656002\" class=\"content-area-description single-story post-656002 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-automotive tag-aviation tag-e-finance tag-enterpriseam tag-ezz-steel tag-manufacturing tag-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.18710454-0a2f-4a67-9700-b5c3b96bf3fa.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">HEALTHCARE-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- The government is planning to localize 50% of all vaccine production by 2030<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1081193747384378?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a> from the Health Ministry. There will then be efforts to increase this to 75% by 2035 and full self-sufficiency by 2040.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Gov\u2019t allocates EGP 10 bn to settle debts owed to pharma firms: <\/strong>The Madbouly government has allocated a total of EGP 10 bn to settle a significant portion of debts owed to pharma and medical supplies companies, to be paid over the next three weeks, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1081222150714871?comment_id=1703311110529491\" style=\"\" rel=\"noopener\">statement<\/a>. The government will allocate EGP 4 bn this week and EGP 3 bn for each of the next two weeks to be spent on paying the debts, with Prime Minister Mostafa Madbouly affirming the government\u2019s efforts to fully settle the dues owed to these firms, the statement reads.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Health Ministry oversees signing of MoUs with international healthcare firms:<\/strong> The General Authority for Healthcare inked cooperation protocols with healthcare firms Edge and Mindray, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02ThJR9iZTp5wuzR24et2dG9d5yNovMd1khyVXzA3WRNJ2PCNoEjYdsPuYXzNwoh4Rl\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement with Edge will help the government utilize surgical robots and advanced technologies, while the agreement with Mindray aims to localize health solutions and train medical personnel. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Additional agreements were made with local entities:<\/strong> The General Authority for Healthcare also signed an agreement with the head of Egypt\u2019s National Food Safety Authority to work on promoting nutritional and health policies through awareness programs, as well as another agreement with a member of the National Alliance for Civil Development Work to \u201cto support developmental projects, improve healthcare services, and boost medical tourism.\u201d the statement reads.<\/p><p class=\"tag-border-left\">AVIATION-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based airline Flydubai will start offering daily, direct flights between Dubai <\/strong><strong>International Airport and Alamein International Airport<\/strong> starting next summer, <a target=\"_blank\" href=\"https:\/\/news.flydubai.com\/flydubai-adds-al-alamein-in-egypt-to-its-seasonal-summer-routes\" style=\"\" rel=\"noopener\">FlyDubai<\/a> announced. The seasonal route will operate between 21 June and 7 September, with tickets starting from AED 1.9k. <\/p><p class=\"tag-border-left\">EXPANSION-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E-finance and Cassava Technologies to explore joint expansion in Africa:<\/strong> State-owned fintech giant E-finance and Africa-focussed digital solutions company <a target=\"_blank\" href=\"https:\/\/www.cassavatechnologies.com\/\" style=\"\" rel=\"noopener\">Cassava Technologies<\/a> signed an agreement that will see the two firms identify areas for collaboration and joint expansion in Egypt and Africa, according to a Cassava <a target=\"_blank\" href=\"https:\/\/www.cassavatechnologies.com\/cassava-technologies-signs-partnership-with-efinance-investment-group\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p><p class=\"tag-border-left\">MANUFACTURING-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ezz Steel suffers operational malfunction in one of its facilities:<\/strong> One of the steel meltshops of steel giant Ezz Steel\u2019s subsidiary Ezz Flat Steel has suffered a serious malfunction, with the repair period expected to extend for approximately nine months, the company said in a disclosure to the <a target=\"_blank\" href=\"https:\/\/www.londonstockexchange.com\/news-article\/AEZD\/malfunction-of-efs-meltshop2-transformer\/16782877\" style=\"\" rel=\"noopener\">London Stock Exchange<\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ezz-steel\/\">Ezz Steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/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=\"656004\" class=\"issue-section markets\">\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=\"656004\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/in-a-trade-war-there-are-no-winners-cautions-china-following-trumps-tariff-pledges\/\">\r\n                            In a trade war, there are no winners, cautions China following Trump\u2019s tariff pledges                        <\/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\/2024\/11\/27\/in-a-trade-war-there-are-no-winners-cautions-china-following-trumps-tariff-pledges\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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                 <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2510.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"656005\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/in-a-trade-war-there-are-no-winners-cautions-china-following-trumps-tariff-pledges\/2510-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2510.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2510.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2510.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2510.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656004\" class=\"content-area-description single-story post-656004 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.7fce77d4-a581-4b42-9a75-dae8a595b6e9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>\u201cNo one will win a trade war or a tariff war,\u201d <\/strong><strong><a target=\"_blank\" href=\"https:\/\/x.com\/SpoxCHNinUS\/status\/1861253158342676867\" style=\"\" rel=\"noopener\">warned<\/a><\/strong><strong> a Chinese embassy spokesperson in<\/strong><strong> Washington yesterday<\/strong>, reacting to president-elect Trump\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1e635dfd-841a-4ae9-be4b-265d0d40de4a\/it%25e2%2580%2599s-day-one-of-egypt-energy\" style=\"\" rel=\"noopener\">pledge<\/a> via social media on Monday to impose a blanket additional 10% tax on all incoming Chinese goods. Trump alleged that China had failed to crack down on narcotics \u2014 in particular Fentanyl \u2014 from being sent to the US and that the tariff would remain in place until China takes definitive action, including a death penalty for drug smugglers.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The incoming administration also put neighbors \u2014 and historically close trading partners<\/strong><strong> \u2014 Mexico and Canada on notice<\/strong>, pledging a 25% tariff on \u201cALL products\u201d from its top two trading partners. Trump posted on his Truth Social platform \u2014 with his characteristically bizarre use of capital letters \u2014 that the \u201cTariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mexico is already saying that it is prepared to respond<\/strong>, with the country\u2019s president Claudia Sheinbaum warning that \u201cto one tariff will follow another in response and so on, until we put our common businesses at risk\u201d at a <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=is0l9UGACH0\" style=\"\" rel=\"noopener\">press conference<\/a> yesterday. This would lead to job losses and inflation on both sides of the border, Sheinbaum argued.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade is also a two-way street<\/strong>, and the prospect of a trade war between the US and the three countries could have a big impact on American businesses and the economy at large \u2014 especially considering that the three countries are also the top three importers of US-made goods. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The three targeted countries are already feeling the squeeze in the currency markets<\/strong>, with the MXN falling 2.5% against the greenback yesterday, along with the CAD that fell 0.7% and CNY that dropped 0.2%.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But so too are US automakers \u2014 who rely on Mexico for much of their production \u2014<\/strong> with shares in General Motors slipping 8.9% and Ford dropping 2.6% despite both the Nasdaq and S&amp;P 500 ending the day comfortably in the green. \"If implemented, this would spell disaster for the U.S. auto industry and Detroit Three manufacturers, all of whom import significant numbers of vehicles from Canada and Mexico,\" Bernstein analyst Daniel Roeska said in a note seen by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/eurpoean-automakers-fall-trump-pledges-tariffs-2024-11-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p><p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are kicking the day off in the red<\/strong>, on the heels of gains on Wall Street with the Dow Jones and S&amp;P 500 both closing on all-time record highs. Leading the pack in the red is Japan\u2019s Nikkei at -0.8%, China\u2019s Shanghai index at -0.5%, and Hong Kong\u2019s Hang Seng at -0.1%. Korea\u2019s Kospi is just in the green at +0.1%.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,284<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +21.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 49.53<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 49.66<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 49.54<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 49.64<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">27.25% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,736<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: -1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9294<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: -3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4829<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.3% (YTD: +18.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6022<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +26.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8259<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +6.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4762<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: +5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 72.86<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.43<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2658.20<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 91,985.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.8% (YTD: +116.2%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 0.1% at yesterday\u2019s close<\/strong> on turnover of EGP 3.1 bn (26.4% below the 90-day average). Regional investors were the sole net sellers. The index is up 21.7% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Telecom Egypt (+2.2%), Sidpec (+1.7%), and Eastern Company (+1.6%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Alexandria Containers and Cargo Handling (-6.9%), Ezz Steel (-2.4%), and Edita (-2.3%).<\/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\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/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<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"656006\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhat\/\">\r\n                            Read Hardhat                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\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\">HARDHAT<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/visas-new-payment-threats-report-breaks-down-the-latest-in-fraudulent-activities\/\"> \r\n                            Visa\u2019s new payment threats report breaks down the latest in fraudulent activities<\/a>\r\n                        <\/h3>\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\/hardhats\/visas-new-payment-threats-report-breaks-down-the-latest-in-fraudulent-activities\/\" 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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Visa Payment Fraud Disruption\u2019s (PFD) most recent <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1734.pdf\" style=\"\" rel=\"noopener\">Biannual Threats Report (pdf)<\/a> takes a deep dive into how threat actors tried to target your business and your wallet in 1H 2024, with an eye on the increasingly sophisticated and targeted tactics being used in today\u2019s digital age.<\/p>\n<p class=\"tag-border-left\">WHY IT MATTERS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A growing number of banked citizens provides more possible inroads for payments <\/strong><strong>attacks: <\/strong>Egypt has been making serious strides in financial inclusion in recent years, with the Central Bank of Egypt announcing earlier this year that some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eda8ad63-7ca6-4c5c-9bff-fe58aea5d39e\/bonyan-to-head-to-ksa,-uae-to-promote-upcoming-ipo\" style=\"\" rel=\"noopener\">48.1 mn<\/a> Egyptians were banked as of June 2024. This brings the number of banked citizens \u2014 whether via bank, Egypt Post accounts, mobile wallets, or prepaid cards \u2014 to around 71.5% of eligible citizens, according to the CBE, with financial inclusion in June up 181% since 2016.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our large proportion of fintech startups is also a relevant part of the discussion<\/strong>, with a number of firms like Fawry, MNT-Halan, Dopay, Paysky, Paymob, OPay, Valu, Thndr, Contact Financial, Aman Holding, Masria Digital Payments, Money Fellows, and many others operating in and adjacent to the digital payments space.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s even more in the pipeline on the digital payments front, too: <\/strong>Visa is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5fce5af8-2b73-4233-b876-b23607227254\/new-visa-report-highlights-crucial-financial-trends-for-egypt%25e2%2580%2599s-smes\" style=\"\" rel=\"noopener\">working with<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5fce5af8-2b73-4233-b876-b23607227254\/new-visa-report-highlights-crucial-financial-trends-for-egypt%25e2%2580%2599s-smes\" style=\"\" rel=\"noopener\">the Central Bank of Egypt<\/a> on operational trials for payment card tokenization on mobile applications, allowing contactless payments via these apps. The company is also working with the CBE on new regulations to develop digital payments in foreign trade transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TL;DR: <\/strong>Digital payments safety is critical for safeguarding consumers and businesses alike, particularly as attackers come to exploit new areas of opportunity in the region and rapidly disseminating technologies, including AI.<\/p>\n<p class=\"tag-border-left\">THE TRENDS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first half of the year saw a big jump in fraudulent payment authorization cases: <\/strong>Visa PFD opened 81% more purchase return authorization cases during 1H 2024 compared to the preceding six-month period, with each successful attack resulting in potential losses of around USD 184k for the credit card company\u2019s issuing partners, the report writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Third-party service providers and retailers\u2019 digital wallets are two points of attack for <\/strong><strong>fraudsters: <\/strong>While ransomware and data breach incidents were down 12.3% from the previous half in 1H 2024, attackers continue to target third-party service providers, with Visa PFD noting a 24% uptick in third-party service investigations during the first half of this year. Scammers have also begun targeting retailers\u2019 digital wallets and using mobile point-of-sale devices to tap wallets and activate cards for a transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ecommerce saw an uptick in skimming attacks:<\/strong> Ecommerce providers are increasingly being targeted by skimming attacks, in which threat actors target merchant websites with malicious code in order to gain access to payment data. While overall skimming has largely remained steady in 1H 2024, the report notes that fraud perpetrators are focusing their efforts on ecommerce merchants \u201cas they are more likely to have direct access to sensitive payment account data stored within cardholder data environments or provided via the victims\u2019 checkout webpages.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our region made up a much higher proportion of attacks at the gas pump:<\/strong> Automated fuel dispenser fraud \u2014 attacks targeting payments made while fueling up your vehicle \u2014 declined 19% compared to the previous half but increased 373% in terms of total value of fraud. The Central Europe, Middle East, and Africa (CEMEA) region fielded a growing proportion of these attacks, with issuers in the region making up 47% of all attacks in 1H 2024 compared to 4% in 2H 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Summer is the high season for fraud: <\/strong>With its sporting events, concerts, and festivals, summer is an ideal time for scammers to take advantage of online ticket purchases as you fill up your busy social calendar. Summer travel is another weak link, with a number of scams imitating major airlines and cheating you out of expensive airfares.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI is increasingly being used to perpetrate attacks<\/strong>, with the report noting more and more sophisticated attacks using the advanced technology. For instance, earlier this year an employee of a company in Hong Kong wired USD 25.6 mn to a number of bank accounts on the directions of his CFO \u2014 who actually turned out to be an AI-generated deepfake created by scammers, the report reads. AI is also being used for reconnaissance on individuals via data scraping, which helps threat actors construct more believable scams.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But don\u2019t you fret, analog theft isn\u2019t dead:<\/strong> Physical theft of payment cards and phones has only increased in recent months, with the report noting a marked increase in longstanding ATM scams, mail theft, vehicle break-ins, and pickpocketing as thieves increasingly target consumers. \u201cThe recent increase in physical theft reflects a broader trend wherein actors are encountering more friction in conducting fraud due to increased secure acceptance and fraud controls,\u201d the report reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The situation may sound dire, but Visa\u2019s fraud department is on the case: <\/strong>Major payment ecosystems players have a wealth of resources deployed toward monitoring and taking out threats to digital payments, many with great success. As a case in point, during the first six months of 2024, Visa\u2019s Risk Operations Center \u201cimplemented pre-emptive, targeted blocks in coordination with impacted organizations,\u201d resulting in over 51.8 mn declined transactions worth a total of USD 11.8 bn.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>SCZone <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8814dde8-ba0a-4075-a75e-1d61ee89a486\/sczone-signs-land-agreement-with%253cmark%253e-orascom%253c%2Fmark%253e-industrial-parks-for-egp-13-bn-complex\" style=\"\" rel=\"noopener\">signed<\/a><\/strong><strong> a land usufruct agreement with Orascom Construction <\/strong><strong>subsidiary Orascom Industrial Parks<\/strong> for its EGP 13 bn integrated industrial complex planned for the Sokhna Industrial Zone. <\/li>\n<li><strong>Turkish investment group Erciyas Holding <\/strong><strong>is looking to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa1bdc9a-fd03-47c7-9928-212a51bd6ba5\/turkish-firms%253cmark%253e-erciyas%253c%2Fmark%253e-and-eroglu-working-on-setting-up-garments,-pipeline-factories.-plus:-green-core-%2B--egyptian-electronic-waste-recycling-company,-ebrd-%2B-red-sea-wind-energy,-suez-canal-bank-%2B-mint-real-estate-assets,-sympl,-talabat,-enovate\" style=\"\" rel=\"noopener\">set up<\/a><\/strong><strong> a USD 60 mn oil<\/strong>, <strong>natural gas, and water pipelines factory<\/strong>, which is expected to generate USD 200 mn in revenues and will export 60% of its production.<\/li>\n<li><strong>Turkish clothing manufacturer Eroglu Holding <\/strong><strong>began work<\/strong><strong> in its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa1bdc9a-fd03-47c7-9928-212a51bd6ba5\/turkish-firms-erciyas-and%253cmark%253e-eroglu%253c%2Fmark%253e-working-on-setting-up-garments,-pipeline-factories.-plus:-green-core-%2B--egyptian-electronic-waste-recycling-company,-ebrd-%2B-red-sea-wind-energy,-suez-canal-bank-%2B-mint-real-estate-assets,-sympl,-talabat,-enovate\" style=\"\" rel=\"noopener\">USD 51 mn<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa1bdc9a-fd03-47c7-9928-212a51bd6ba5\/turkish-firms-erciyas-and%253cmark%253e-eroglu%253c%2Fmark%253e-working-on-setting-up-garments,-pipeline-factories.-plus:-green-core-%2B--egyptian-electronic-waste-recycling-company,-ebrd-%2B-red-sea-wind-energy,-suez-canal-bank-%2B-mint-real-estate-assets,-sympl,-talabat,-enovate\" style=\"\" rel=\"noopener\">factory<\/a><\/strong> in the Qantara West Industrial Zone. Spanning 84.2 sqm, the factory is expected to create some 5k jobs when operational. <\/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\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hardhat\/\">Hardhat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/visa\/\">Visa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"656008\" 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\/2024\/11\/27\/656008\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656008\" class=\"content-area-description single-story post-656008 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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cit-fei.org\/conference-annual-nation-digital\" style=\"\">Annual Digital Nation Conference<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-energy.com\/en\/home.html\" style=\"\">Egypt Energy Show<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27 November-3 December (Wednesday-Tuesday): United Bank IPO retail placement<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-30 November (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.woodshowglobal.com\/cairo\" style=\"\">Cairo International Wood and Wood Machinery Show<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29 November (Friday): Egypt and Italy to launch a ro-ro shipping line connecting Damietta Port with Italy\u2019s Port of Trieste.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29 November (Friday): Startup Sync, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 November (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%b1%d9%81%d9%82-%d8%a7%d9%84%d9%83%d9%87%d8%b1%d8%a8%d8%a7%d8%a1-%d9%85%d8%af-%d9%81%d8%aa%d8%b1%d8%a9-%d8%aa%d9%84%d9%82%d9%89-%d8%b7%d9%84%d8%a8%d8%a7%d8%aa-%d8%a7%d9%84%d9%85\/\" style=\"\">Deadline<\/a><\/span><span> to apply for renewable energy projects under the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5fe8f4bb-3a22-40ac-a502-6f18fb3420db\/\" style=\"\">peer-to-peer (P2P) system<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 December (Saturday): The Scientific Society for Tax Legislation will hold its annual conference.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-21 December (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02WnjQnzfsc8HYES9da4vCGEGkv1ioDoKX6sjUeokWEBjX6JWcUXDDitnqf9tp8Xwel\" style=\"\">Turathna<\/a><\/span><span style=\"font-weight:400;\"> handicrafts and heritage exhibition, Egypt International Exhibitions Center, Cairo<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 December (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/nebugoldexpo.com\/\" style=\"\">Nebu Expo for Gold & Jewelry<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 December (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/miningconferences.org\/?gad_source=1&gclid=Cj0KCQjwpvK4BhDUARIsADHt9sTVcsDWTGxkNysGtI5XPnT0MFyamDuIerIl2V-j7l3upmN0pJDOSNoaAjLGEALw_wcB\" style=\"\">Mining World Conference 2024<\/a><\/span><span style=\"font-weight:400;\">, London, UK.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2H 2024: Gov\u2019t to launch the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f7fd9b9-a159-4b31-b974-f809d55f55d9\/egyptian-telecom-providers-suspend-e-wallet-fx-payments\" style=\"\">Cairo Ring Road BRT buses<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3Q 2024: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid04Z7JWbGbYGqFTr8kF2XNgc5Dq2cUR3hn25JDryhDjLnPJkYgaKaqbwzQr6A4QgB2l\" style=\"\">Egyptian-Armenian Joint Committee.<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>First week of November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02ssjPZtZgtyuDjtqu6kXr1MpWTPFUnnFbPA8etz9LtXPrcjGgGnArn6sg1ryr4jEXl\" style=\"\">Egypt-Turkey high-level trade consultation mechanism.<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>November 2024: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0LLPJRjsu6SZLwtRHuLmCQxoAZB3xaXVXH8aYkMSEH3ae4aW6JCZaPe5h5u9nKmcRl\" style=\"\">Egypt to host<\/a><\/span><span style=\"font-weight:400;\"> the World Urban Forum (WUF12).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End of 2024: The launch of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sis.gov.eg\/Story\/192175\/Trial-Operation-of-the-Sokhna-El-Alamein-Matrouh-High-Speed-Train-Starts-by-the-End-of-this-Year?lang=en-us\" style=\"\">high-speed train<\/a><\/span><span style=\"font-weight:400;\"> line linking Ain Sokhna with Al Alamein City.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 December (Sunday): The Nahda University Economic Forum\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/eaba-com.com\/nahda-university\/\" style=\"\">third edition<\/a><\/span><span style=\"font-weight:400;\"> is set to take place.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>January: Civil Society Support Fund <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/MoSS.Egypt\/posts\/pfbid02crppxPwGfdGniTSfkHvM1PJQcvB1aeBXsge98eaVfgQg9MRjxtxpbKAZTsPMrQP8l\" style=\"\">to launch<\/a><\/span><span style=\"font-weight:400;\"> digital platform <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">January: CBE to launch InstaPay remittances for Egyptians abroad<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 January (Tuesday): Nigeria to inaugurate the USD 5 bn Africa Energy Bank in Abuja. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-10 April 2025 (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.efghldg.com\/en\/conferences\" style=\"\">EFG Hermes One on One<\/a><\/span><span style=\"font-weight:400;\"> conference, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">May 2025: Egyptian Exporters Association (Expolink) exhibition, Italy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">July 2025: The first operational trail of Egypt-KSA electricity interconnection line.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">March 2025: Operation of phase one of the Amotope wind farm <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1H 2025: Digital Financial Identity Company will launch an electronic bank account opening service<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Eipico\u2019s biopharma plant to begin operations .<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: The InterAcademy Partnership assembly.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: Nile Basin States Summit, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad18b775-3e22-4e6b-b4fc-9dd30f4b85ad\/abu-dhabi-ports-to-build-and-run%253cmark%253e-safaga-terminal%253c%2Fmark%253e,-cruise-ship-infrastructure\" style=\"\">Safaga Terminal 2<\/a><\/span><span style=\"font-weight:400;\"> to start operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20 January-7 February: Egypt to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2f9a5a94-cc1c-4fc1-b8c6-7c02d15cae3b\/ramadan-kareem\" style=\"\">host the African Games<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End of 2027: Trial operations at the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/52aa0e65-5b6f-4c84-aa49-70ac4152bb87\" style=\"\">Dabaa nuclear power plant<\/a><\/span><span style=\"font-weight:400;\"> expected to take place.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>September 2028: First unit of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/52aa0e65-5b6f-4c84-aa49-70ac4152bb87\" style=\"\">Dabaa nuclear power plant<\/a><\/span><span style=\"font-weight:400;\"> begins operations. <\/span><\/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":"<p>Another Chinese auto factory in the works | United Bank retail tranche kicks off | Vaccine localization targets<\/p>\n","protected":false},"featured_media":655988,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-655987","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a2cf7717-17d0-4a97-891a-a86bf1bc5d64","teaser":"Another Chinese auto factory in the works | United Bank retail tranche kicks off | Vaccine localization targets","photo_url":"https:\/\/ent.news\/2024\/8\/416.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sovereign EGP-denominated sukuk in the works for next fiscal year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-egp-denominated-sukuk-in-the-works-for-next-fiscal-year\/\" 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