{"id":543196,"date":"2022-01-16T14:06:48","date_gmt":"2022-01-16T14:06:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/this-evening-the-search-for-new-ev-partners-is-on-track-sczone-could-get-investment-from-hungary\/"},"modified":"2022-01-16T14:06:48","modified_gmt":"2022-01-16T14:06:48","slug":"this-evening-the-search-for-new-ev-partners-is-on-track-sczone-could-get-investment-from-hungary","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/this-evening-the-search-for-new-ev-partners-is-on-track-sczone-could-get-investment-from-hungary\/","title":{"rendered":"THIS EVENING: The search for new EV partners is on track + SCZone could get investment from Hungary"},"content":{"rendered":"<p><strong>It\u2019s a relatively quiet start to this new workweek, ladies and gents.<\/strong> However, we don\u2019t expect the slowdown to persist beyond today.<\/p>\n<p><strong>THE BIG STORIES TODAY- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>#1-<\/strong> <strong>We\u2019re getting closer to locally assembling EV microbuses:<\/strong> El Nasr Automotive subsidiary the Engineering Automotive Manufacturing Company is set to sign a cooperation agreement with South Korean auto parts maker <a href=\"https:\/\/www.emis.com\/php\/company-profile\/KR\/Myoung_Shin_Industrial_CoLtd_en_3562643.html\">Myoung Shin<\/a> \u201cby the end of the week,\u201d to locally produce electric microbuses, <a href=\"https:\/\/bit.ly\/3rqUQQa\">Hapi Journal<\/a> quotes Public Enterprise Minister Hisham Tawfik as saying.<\/p>\n<p><strong>#2-<\/strong> <strong>The Suez Canal Economic Zone (SCZone) is in talks with Hungary over a potential<\/strong><strong> investment in a specialized industrial area in the zone<\/strong>, with a Hungarian delegation set to visit mid-February to continue talks, SCZone head Yehia Zaki told Bloomberg Asharq on the sidelines of the Suez Canal International Conference at Dubai\u2019s Expo 2020 (<a href=\"https:\/\/www.asharqbusiness.com\/article\/31409\">watch, runtime: 3:47<\/a>). The SCZone also plans to launch ship catering and marine services in the next few months during his speech at the conference, according to a Suez Canal Authority <a href=\"https:\/\/www.facebook.com\/SuezCanalAuthorityEG\/posts\/233684545606238\">statement<\/a>. Also in the pipeline: A target to complete work on widening and deepening the Suez Canal by July 2023, according to a separate <a href=\"https:\/\/www.facebook.com\/SuezCanalAuthorityEG\/posts\/233671232274236\">statement<\/a>.<\/p>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>The Senate is currently discussing <\/strong><strong>the bill<\/strong><strong> that would create a new Labor Act to regulate<\/strong><strong> employment for private sector companies.<\/strong> If passed, the bill would dictate how employees can be dismissed, making it harder for private sector employers to fire staff for illnesses but allowing workers to lose their jobs if convicted of a felony. The bill would also set a minimum annual raise requirement equal to 3% of the amount covered by social ins., according to the <a href=\"https:\/\/ent.news\/2022\/1\/New-Labor-Act.pdf\">text of the bill (pdf)<\/a>.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>The Grand Egyptian Museum could open its doors to the public in 2H2022<\/strong> to coincide with the centennial of the discovery of King Tutankhamun\u2019s tomb, Tourism Minister <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91b9c7da-39f4-4422-adb6-3d20f5a2e1a5\">Khaled El Anany said<\/a>.<\/li>\n<li><strong>Orcas raises USD 2.1 mn pre-series A round:<\/strong> Egyptian edtech startup <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad8084bb-103d-4a9f-ae73-fdb55323edeb\">Orcas raised<\/a> USD 2.1 mn in a pre-series A round co-led by our friends at CIRA\u2019s NFX Ventures, and Access Bridge Ventures.<\/li>\n<li><strong>Apicorp and IsDB launch USD 1 bn Infra Initiative:<\/strong> Arab Petroleum Investments Corporation and the Islamic Development Bank have launched a three-year, USD 1 bn initiative for private-sector focused infrastructure financing in countries including Egypt.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>DJOKOVIC WATCH-<\/strong><strong> Novax is officially out of the Australian Open:<\/strong> World number one tennis \u200b\u200bchampion Novak Djokovic <a href=\"https:\/\/www.standard.co.uk\/news\/world\/novak-djokovic-deported-australia-visa-b976945.html\">was<\/a><a href=\"https:\/\/www.standard.co.uk\/news\/world\/novak-djokovic-deported-australia-visa-b976945.html\">deported<\/a> from Australia after its Federal Court upheld a decision to cancel his visa due to his being unvaccinated, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-16\/djokovic-awaits-court-decision-as-deportation-hearing-adjourned?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>reports. The ruling overrides a lower <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/faa8727f-aec5-4533-bc6d-ae24d7de2244\">court ruling<\/a> supporting Djokovic\u2019s appeal against being deported from Australia, saying that he provided sufficient evidence to justify a medical exemption from getting the covid-19 vaccine, which rested on testing positive for covid-19 a few weeks ago and recovering since then. The final decision to deport Djokovic \u2014 over which he <a href=\"https:\/\/edition.cnn.com\/asia\/live-news\/novak-djokovic-australia-visa-news-01-16-22-intl-hnk\/h_2b90a33ef83c2b3edd986cacaf072514\">voiced his \u201cextreme disappointment\u201d<\/a> \u2014 means he will be unable to defend his Australian Open championship title or land his 21st Grand Slam, which would set a new record and place him ahead of Rafael Nadal and Roger Federer, each of whom have 20 titles.<\/p>\n<p><strong>Also getting digital ink: Fresh threats from Russia in the ongoing face-off with Ukraine.<\/strong> Moscow could do more than invade Ukraine if President Vladimir Putin\u2019s demands on ending Nato expansion and scaling down the US\u2019 security presence in Europe are rejected. In \u201csubtle threats,\u201d Russia implied that it could move nuclear missiles closer to the US coast, \u201cpotentially igniting a confrontation with echoes of the 1962 Cuban Missile Crisis,\u201d the <a href=\"https:\/\/www.nytimes.com\/2022\/01\/16\/world\/europe\/russia-ukraine-invasion.html\">New York Times<\/a> says. Meanwhile, Ukraine\u2019s military authority claims that Russian-backed militants have been gathering more weapons as border tensions continue to rise, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-16\/ukraine-sees-further-amassing-of-weapons-by-russia-backed-forces?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>.<\/p>\n<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\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/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 href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Consoleya will kick off its Startup Meet-up series this Tuesday<\/strong> with a talk from Founder and Principal of Newton International Management Ayman S. Ashour. The talk, titled Exits and Reset Dilemmas, will see Ashour discuss how to plan for your startup\u2019s exit and the connections you\u2019ll need along the way. Hossam Allam, founder of Cairo Angels and managing director of maintenance services at Hassan Allam Construction, will moderate the discussion. The event will take place from 6-9pm \u2014 you can register <a href=\"https:\/\/www.eventbrite.com\/e\/exits-reset-dilemmas-tickets-244467578107\">using this link<\/a>.<\/p>\n<p><strong>National flag carrier EgyptAir will operate a flight from Casablanca to Cairo this<\/strong> <strong>Wednesday<\/strong>, 19 January, to bring home Egyptian expats stranded in Morocco following border closures.<\/p>\n<p><strong>South Korean President Moon Jae-in is <\/strong><strong><a href=\"https:\/\/bit.ly\/3f4YtFS\">due in town<\/a><\/strong><strong> this Thursday and Friday, 20-21<\/strong><strong> January<\/strong> on an official visit, during which he will meet President Abdel Fattah El Sisi.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- We\u2019re in for moderate rainfall tomorrow<\/strong>, the Egyptian Meteorological Authority forecasts. Temperatures are also going to remain on the colder side, with a daytime high of 15\u00b0C and a nighttime low of 7\u00b0C, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a relatively quiet start to this new workweek, ladies and gents. However, we don\u2019t expect the slowdown to persist beyond today. THE BIG STORIES TODAY- #1- We\u2019re getting closer to locally assembling EV microbuses: El Nasr Automotive subsidiary the Engineering Automotive Manufacturing Company is set to sign a cooperation agreement with South Korean auto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[107,168,633,684,391,305,270,162,7103,133,416,304,113,634,417],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543196","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-covid-19","tag-diplomacy","tag-enterprisepm","tag-hungary","tag-labor-act","tag-nato","tag-russia","tag-sports","tag-suez-canal","tag-suez-canal-authority","tag-suez-canal-economic-zone","tag-ukraine","tag-vaccines","tag-what-were-tracking-tonight","tag-yehia-zaki","wpautop","entry"],"acf":{"mongo_id":"8224c5bc-ab63-4428-bcf1-575e343eb26b","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[543194],"teaser":"","voice_url":""},"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>THIS EVENING: The search for new EV partners is on track + SCZone could get investment from Hungary - 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\/2022\/01\/16\/this-evening-the-search-for-new-ev-partners-is-on-track-sczone-could-get-investment-from-hungary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: The search for new EV partners is on track + SCZone could get investment from Hungary\" \/>\n<meta property=\"og:description\" content=\"It\u2019s a relatively quiet start to this new workweek, ladies and gents. 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