{"id":554689,"date":"2021-11-04T13:49:18","date_gmt":"2021-11-04T13:49:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/04\/tonight-fra-expands-proposed-caps-on-margin-trading-the-ebrd-is-more-optimistic-about-our-growth-plus-egypt-signed-a-coal-phase-out-agreement-at-cop26\/"},"modified":"2021-11-04T13:49:18","modified_gmt":"2021-11-04T13:49:18","slug":"tonight-fra-expands-proposed-caps-on-margin-trading-the-ebrd-is-more-optimistic-about-our-growth-plus-egypt-signed-a-coal-phase-out-agreement-at-cop26","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/04\/tonight-fra-expands-proposed-caps-on-margin-trading-the-ebrd-is-more-optimistic-about-our-growth-plus-egypt-signed-a-coal-phase-out-agreement-at-cop26\/","title":{"rendered":"TONIGHT: FRA expands proposed caps on margin trading + the EBRD is more optimistic about our growth. Plus: Egypt signed a coal phase-out agreement at COP26"},"content":{"rendered":"<p><strong>\u2026and just like that, the first week of November is over. <\/strong>We hope the week has been kind to you \u2014 and that you\u2019re looking forward to a relaxing weekend with family and friends.<\/p>\n<p><strong>A special shout-out this afternoon to our Hindu readers<\/strong>, to whom we offer our very best wishes on the occasion of Diwali. We hope, given all that\u2019s happening in the world around us right now, that you\u2019re celebrating the festival of lights with your loved ones. (Today is the first day of the five-day Diwali festival, which is as significant to Hindus as the Eids are to Muslims or Christmas and Easter are to Christians.)<\/p>\n<p><strong>THE BIG STORIES TODAY-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>#1- FRA expands proposed caps on margin trading in its latest decision: <\/strong>The Financial Regulatory Authority (FRA) <a href=\"http:\/\/www.alamiria.com\/ar-eg\/archiving-service\/Pages\/decision-details.aspx?decisionID=170182\">issued a decision<\/a> today setting new caps on margin trading on shares of listed companies \u2014 and from what we\u2019re seeing, it appears the FRA has expanded them from its previous proposals. Newly released regulations would not permit any single investor or their related group to purchase on margin more than 3% of a company\u2019s market cap or 5% of shares on freefloat, whichever is higher. In its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/509c136b-b9d7-44ea-b407-e4390b8ce918\">previous proposal<\/a> the FRA had wanted to limit a single investor\u2019s margin trading cap at 1% of the company\u2019s market cap or 3% of its freefloat shares.<\/p>\n<p><strong>A single company would also not be permitted to have over 15% of its outstanding <\/strong><strong>shares held on margin<\/strong>, or 30% of its publicly-traded shares, whichever is higher. In its April proposal, the FRA had suggested that it would limit freefloat shares held on margin to 25%.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>#2- <\/strong><strong>The EBRD is getting more optimistic about Egypt\u2019s growth prospects<\/strong>, saying in its latest <a href=\"https:\/\/ent.news\/2021\/11\/RegionalEconomicProspectsNov21_.pdf\">Regional Economic Prospects report (pdf)<\/a> that it now expects the economy to grow at a 5.3% clip during the calendar year. This is an upwards revision of 1.1 percentage points from the bank\u2019s most recent forecast in June, which the report says will be underpinned by the CIT sector and rebounding FDI flows.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Covid passports are now live:<\/strong> The Health Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1882440c-78a2-4cbe-9027-8779a574d9ac\">has launched<\/a> its covid passport app, which acts as proof of covid vaccination, and is designed to replace the paper certificates in efforts to avoid fraud.<\/li>\n<li><strong>Private sector activity dips to five-month low:<\/strong> The contraction of non-oil private sector activity in Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebbd987a-341d-42af-a2af-cc022d2c0c87\">deepened in October<\/a> as continued supply chain disruptions abroad caused input costs to rise at their quickest pace in over three years.<\/li>\n<li><strong>Heliopolis Housing is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/641306a6-3955-4bf6-bf11-667c71dc756b\">reviving its plans<\/a><\/strong><strong> to tap the EGX with a secondary offering by mid-2022<\/strong>, after e-Finance\u2019s IPO breathed new life into the state privatization program.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORIES ABROAD<\/strong><strong>-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Countries and organizations signed on to several landmark agreements to phase out the use of coal power<\/strong> and end financing for new coal plants at the COP26 summit yesterday, according to a <a href=\"https:\/\/ukcop26.org\/end-of-coal-in-sight-at-cop26\/\">statement<\/a>. One agreement \u2014 the \u200b\u200bGlobal Coal to Clean Power Transition Statement \u2014 sets deadlines for developed and developing countries, with \u201cmajor economies\u201d committing to the phase-out in the 2030s and the rest of the world agreeing to taper off their coal use a decade later. Banks and financial institutions also pledged to end financing for new plants, but emerging economies will have access to funding packages to support the \u201cearly retirement\u201d of existing plants to make the move away from coal more equitable, according to the statement.<\/p>\n<p><strong>Egypt is one of the signatories of the agreement to phase out coal use \u2014 but major emitters China, the US, and India are not.<\/strong> However, China previously agreed to eliminate financing of overseas coal plants, and the US joined other countries in making a similar pledge at COP26. Egypt\u2019s decision to sign on to the agreement comes days after it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bf432030-e895-44d5-9174-9820327d514e\">declined to sign<\/a> two agreements to end deforestation by 2030 and reduce methane emissions by at least 30% by the end of the decade. Coal has recently been falling out of favor in Egypt, leading to the scrapping of Al Nowais\u2019 planned <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/02\/egypt-withdraws-usd-4-bn-contract-with-al-nowais-for-2-65-gw-coal-plant\/\">USD 4 bn, 2.65 GW \u201cclean coal\u201d project<\/a>, as well as the <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/26\/egypt-might-be-scrapping-shanghai-electrics-usd-4-4-bn-clean-coal-power-plant-9139\/\">6.6 GW Hamrawein coal plant<\/a>.<\/p>\n<p><strong>So what does this mean for Egypt\u2019s cement industry?<\/strong> The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f82ed4ef-a46a-49b3-adc5-793ff47ec668\">vast majority<\/a> of cement producers in Egypt rely on coal for at least part of their manufacturing processes, after a number of them outfitted their facilities to run on coal in 2016 in response to the lifting of fuel subsidies. And as one of the most-polluting industries, cement manufacturing has been under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cc37442b-32f1-4ca1-a13e-0ff7cf5f4515\">pressure to decarbonize<\/a> by phasing out their coal-based heating processes for biomass fuels. The switch would be extremely costly, however, and would likely drive up prices even further after rising costs of input materials already led cement prices to rise <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f82ed4ef-a46a-49b3-adc5-793ff47ec668\">earlier this year<\/a>.<\/p>\n<p><strong>ALSO FROM COP-<\/strong> <strong>Bezos pledges USD 2 bn to restoring nature \u2026 after flying to COP26 in a private<\/strong><strong> jet:<\/strong> Amazon\u2019s Jeff Bezos \u2014 the world\u2019s second richest man \u2014 <a href=\"https:\/\/www.bezosearthfund.org\/announcements\">pledged USD 2 bn<\/a> from selling Amazon stocks to the <a href=\"https:\/\/www.bezosearthfund.org\/\">Bezos Earth Fund<\/a> at COP26 in Glasgow earlier this week. USD 1 bn will go toward landscape restoration in Africa and the US, while the other USD 1 bn will go towards raising crop yields. That\u2019s all good and well, but Bezos <a href=\"https:\/\/www.independent.co.uk\/climate-change\/news\/jeff-bezos-cop26-private-jet-b1949835.html\">flew to the climate summit<\/a> in a private jet (hardly an eco-friendly commute choice). The bn\u2019aire\u2019s pledge comes a few short days after Elon Musk <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21c8fd4b-6b12-4e67-9bdd-e2f75e4bad0d\">questioned the validity<\/a> of suggestions that donating from his wealth could help solve world hunger.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Higher energy is weighing on BoE as it keeps interest rates on hold: <\/strong>The Bank of England kept interest rates on hold on Thursday, following in the footsteps of the US Federal Reserve <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01ff5ec8-6224-4431-8796-fcb03e034f26\">yesterday<\/a> and the European Central Bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8dc1a09f-6579-49cd-baa1-2dc06b43aa8e\">last week<\/a>. It said that the UK\u2019s continued recovery from the covid-19 pandemic was behind the decision.<\/p>\n<p><strong>Inflation is a big problem and rates will have to rise:<\/strong> \u201cInflation is above our 2% target\u2026Some of the increase was caused by a rise in oil and gas prices. That put the cost of petrol and utility bills up,\u201d the UK\u2019s central bank <a href=\"https:\/\/www.bankofengland.co.uk\/monetary-policy-report\/2021\/november-2021#percent\">said<\/a>. While the BoE was accommodating this time around, it did say that interest rates will need to \u201crise moderately\u201d to return inflation to its 2% target. This comes as the Fed has begun unwinding its huge stimulus program this month amid concerns that inflation will remain elevated for longer than previously thought.<\/p>\n<p><strong>And while we\u2019re on energy,<\/strong> <a href=\"https:\/\/ig.ft.com\/europes-gas-crisis-pipelines-explainer\/\">the FT<\/a> is out with quite the pretty infographic explainer charting where Europe sources its gas needs.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MARKET WATCH- Keep an eye out for the OPEC vs. Biden showdown: <\/strong>OPEC+ will decide today whether to heed US President Joe Biden\u2019s request to up oil production as the White House worries that \u201cinflation caused by high energy prices could derail its economic agenda,\u201d writes <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-03\/opec-heads-for-geopolitical-showdown-as-biden-demands-more-oil?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. (Remember, the US Federal Reserve decided yesterday to begin tapering its stimulus program, citing elevated inflation.) The Biden administration is asking the oil producing countries to hike monthly supply to between 600-800k bbl\/day or else stick to the current 400k bbl\/day and allow other members to pump extra to compensate, sources were quoted as saying. The cartel seems likely to shrug off the request as many members are already struggling to meet their production targets.<\/p>\n<p><strong>What does this all mean?<\/strong> A bout of volatility in oil markets over the next few weeks \u201cas the conflict between the world\u2019s largest producers and consumers plays out,\u201d the business information service says.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>YOUR MANDATORY COVID STORY- The UK became the first country in the world to <\/strong><strong>approve a covid-19 antiviral pill<\/strong>, giving the greenlight to administer molnupiravir in mild to moderate cases, according to a <a href=\"https:\/\/www.gov.uk\/government\/news\/first-oral-antiviral-for-covid-19-lagevrio-molnupiravir-approved-by-mhra\">government statement<\/a>. Molnupiravir is jointly developed by US-based Merck and Ridgeback Biotherapeutics, but the med has yet to get regulatory approval from Washington. Britain's Medicines and Healthcare products Regulatory Agency (MHRA) said the pill was found to be safe and effective at reducing the risk of hospitalisation and death and recommended that molnupiravir be used as soon as possible following a positive covid test. The med works by interfering with the virus\u2019 replication, keeping it from multiplying and intensifying the disease in patients.<\/p>\n<p><strong>The move is being hailed by the global press <\/strong>(including from <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/britain-approves-mercks-oral-covid-19-pill-2021-11-04\/\">Reuters<\/a>) as a huge step in containing the covid-19 pandemic as most efforts until now have focused on vaccine administration.<\/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>The <\/strong><strong><a href=\"https:\/\/vc4a.com\/aesis\/africa-early-stage-investor-summit-2021\/\">Africa Early Stage Investors Summit<\/a><\/strong><strong> continues today<\/strong>, featuring virtual sessions featuring speakers from angel networks, VC funds, accelerators, and the public sector, among others.<\/p>\n<p><strong>Key news triggers coming up:<\/strong><\/p>\n<ul>\n<li><strong>Inflation:<\/strong> Inflation figures for October will be released next Wednesday, 10 November;<\/li>\n<li><strong>There\u2019s no MPC meeting this month <\/strong>\u2014 the central bank will <a href=\"https:\/\/www.cbe.org.eg\/en\/MonetaryPolicy\/Pages\/MPCMeetingSchedule.aspx\">next meet on 16 December<\/a> to review interest rates for the final time this year. The CBE has yet to issue its MPC calendar for 2022.<\/li>\n<\/ul>\n<p><strong>Women entrepreneurs have until this Saturday, 6 November to apply to a new accelerator<\/strong><strong> program launched by NGO Nahdet El Mahrousa<\/strong> offering up to EGP 200k in grants, mentorship, and other business support. Founders and social enterprise leaders working in ICT, creative industries, or on projects that support gender equality are eligible to apply. The program, Rabeha, was launched in partnership with UN Women Egypt, the Egyptian National Council for Women, Global Affairs Canada, and other partners. You can apply <a href=\"https:\/\/l.facebook.com\/l.php?u=https%3A%2F%2Fbit.ly%2F3DWmlG5%3Ffbclid%3DIwAR0CgpdQDltgFGzhoGJmuKRr5AdNL_bxkQIE7ejiUngECbkxK-Qg3WQ1LAs&h=AT03bTcEWHO7_ifSyWY3bzUc-4W2xyBotj8E6jDvCOL2g53DHT_1O-x-6WJEHQmxMXlxAvB-DaYAdjcjN1G0nWZBboNwVUPZ69Ua7N1_VRuZTOXC_gPJRuv0i4eqb8Sxzl7K&__tn__=-UK-R&c%5B0%5D=AT1HqXk_X4HRQoevTN35Wj-0uhLHrBeazxBScbrfhO3vQVPEgiiCAGC1QpNkyytUpdrdEmhOyhxjQU2yUeKNtV12aIbQoco90gnb9pzz2WJj9o-nFnvIGq21LI5OeTpfeJZ2jrjus2lOZqRLTUHrcLXrIhu6TpLQm0zXJzSAUdUSEzwfnrSJWdcx_K8duqOHSxQSNNw\">here<\/a>.<\/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><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> \u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect the mercury to rise to 30-31\u00b0C during the afternoon this weekend, while nighttime lows are forecasted to fall in the 19-20\u00b0C range, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026and just like that, the first week of November is over. We hope the week has been kind to you \u2014 and that you\u2019re looking forward to a relaxing weekend with family and friends. A special shout-out this afternoon to our Hindu readers, to whom we offer our very best wishes on the occasion of [&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":[7098,168,571,104,68,633,76,1304,498,108,830,91,128,871,219,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554689","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-africa","tag-diplomacy","tag-ebrd","tag-economy","tag-egx","tag-enterprisepm","tag-financial-regulatory-authority","tag-gcc","tag-joe-biden","tag-lebanon","tag-margin-trading","tag-oil-and-gas","tag-opec","tag-regulation-watch","tag-saudi-arabia","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"17f4feb1-0f1a-483e-8515-a4aea2f91682","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[554687],"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>TONIGHT: FRA expands proposed caps on margin trading + the EBRD is more optimistic about our growth. Plus: Egypt signed a coal phase-out agreement at COP26 - 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\/2021\/11\/04\/tonight-fra-expands-proposed-caps-on-margin-trading-the-ebrd-is-more-optimistic-about-our-growth-plus-egypt-signed-a-coal-phase-out-agreement-at-cop26\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TONIGHT: FRA expands proposed caps on margin trading + the EBRD is more optimistic about our growth. Plus: Egypt signed a coal phase-out agreement at COP26\" \/>\n<meta property=\"og:description\" content=\"\u2026and just like that, the first week of November is over. We hope the week has been kind to you \u2014 and that you\u2019re looking forward to a relaxing weekend with family and friends. A special shout-out this afternoon to our Hindu readers, to whom we offer our very best wishes on the occasion of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/04\/tonight-fra-expands-proposed-caps-on-margin-trading-the-ebrd-is-more-optimistic-about-our-growth-plus-egypt-signed-a-coal-phase-out-agreement-at-cop26\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-04T13:49:18+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/04\/tonight-fra-expands-proposed-caps-on-margin-trading-the-ebrd-is-more-optimistic-about-our-growth-plus-egypt-signed-a-coal-phase-out-agreement-at-cop26\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/04\/tonight-fra-expands-proposed-caps-on-margin-trading-the-ebrd-is-more-optimistic-about-our-growth-plus-egypt-signed-a-coal-phase-out-agreement-at-cop26\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TONIGHT: FRA expands proposed caps on margin trading + the EBRD is more optimistic about our growth. 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The newscycle is picking up as we move through our working week. THE BIG STORY TODAY Mubadala acquires full stake in Kelix bio from DPI, BII, and EBRD consortium: Abu Dhabi sovereign wealth fund Mubadala has fully acquired pan-African biopharma platform Kelix bio, according\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/161.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558007,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/tonight-alameda-to-invest-egp-5-bn-over-3-5-years-amazon-talks-to-enterprise-about-the-new-launch-also-our-picks-for-the-emmys-on-the-tube-tonight\/","url_meta":{"origin":554689,"position":1},"title":"TONIGHT: Alameda to invest EGP 5 bn over 3-5 years + Amazon talks to Enterprise about the new launch ALSO: Our picks for the Emmys on the tube tonight","author":"enterpriseam admin","date":"19 September 2021","format":false,"excerpt":"It\u2019s a busy start to the work week, ladies and gentlemen, with new investment pledges, regulatory changes to the EGX and the UN General assembly dominating local headlines this morning. THE BIG STORIES TODAY so far- #1- Healthcare provider Alameda plans to invest EGP 5 bn over the coming 3-5\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":617563,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/24\/this-evening-valu-closes-egp-888-mn-securitized-bond-issuance\/","url_meta":{"origin":554689,"position":2},"title":"THIS EVENING: Valu closes EGP 888 mn securitized bond issuance","author":"enterpriseam admin","date":"24 March 2024","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and welcome to a very rainy start to the business week here in Om El Donia. So, when do we eat? Maghrib prayers are at 6:09 pm in the capital city, and you\u2019ll have until 4:25 am tomorrow to hydrate and caffeinate ahead of fajr.THE\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/141.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644619,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/29\/el-sisi-suez-canal-lost-usd-6-bn-of-revenues-in-the-past-eight-months\/","url_meta":{"origin":554689,"position":3},"title":"El Sisi: Suez Canal lost USD 6 bn of revenues in the past eight months","author":"enterpriseam admin","date":"29 September 2024","format":false,"excerpt":"Good afternoon, friends, and welcome to a new work week.THE BIG STORY TODAY Regional geopolitical tensions hit Suez Canal revenues hard: The ongoing Israeli assault and the resulting consequences had a strong impact on revenues from Suez Canal over the past 7-8 months, President Abdel Fattah El Sisi said this\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544067,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/tonight-no-wheat-hedging-in-the-cards-so-far-maait-says-macro-closes-its-retail-offering-102x-oversubscribed-plus-macron-begins-shuttle-diplomacy-with-russia\/","url_meta":{"origin":554689,"position":4},"title":"TONIGHT: No wheat hedging in the cards so far, Maait says + Macro closes its retail offering 102x oversubscribed. Plus: Macron begins shuttle diplomacy with Russia","author":"enterpriseam admin","date":"7 February 2022","format":false,"excerpt":"It\u2019s a relatively calm Monday afternoon, ladies and gentlemen, with no massive story here at home dominating the news cycle today. THE BIG STORIES TODAY SO FAR-#1- The retail component of Macro Group\u2019s IPO closed today 102x oversubscribed, the EGX said in a bulletin at the end of today\u2019s trading\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554860,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/tonight-egx-trading-fees-are-getting-slashed-by-20-cabinet-members-are-talking-up-egypts-cop27-agenda-plus-charles-and-camilla-land-tomorrow\/","url_meta":{"origin":554689,"position":5},"title":"TONIGHT: EGX trading fees are getting slashed by 20% + Cabinet members are talking up Egypt\u2019s COP27 agenda. 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