{"id":561537,"date":"2021-04-12T03:47:39","date_gmt":"2021-04-12T03:47:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/ramadan-starts-tomorrow-lavrov-in-town-today-iran-alleges-nuclear-terrorism\/"},"modified":"2021-04-12T03:47:39","modified_gmt":"2021-04-12T03:47:39","slug":"ramadan-starts-tomorrow-lavrov-in-town-today-iran-alleges-nuclear-terrorism","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/ramadan-starts-tomorrow-lavrov-in-town-today-iran-alleges-nuclear-terrorism\/","title":{"rendered":"Ramadan starts tomorrow; Lavrov in town today; Iran alleges \u201cnuclear terrorism\u201d"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Ramadan Kareem, y\u2019all:<\/strong> Dar Al Ifta <a href=\"https:\/\/www.facebook.com\/EgyptDarAlIfta\/posts\/4522360517793695\">confirmed last night<\/a> that Tuesday will be the first day of Ramadan. We wish all of you a fantastic, relaxing month with family and friends.<\/p>\n<p><strong>So, when do we eat?<\/strong> Maghreb prayers are at 6:21pm in the capital city tomorrow. You\u2019ll have until 3:59am to finish sohour tonight.<\/p>\n<p><strong>As a reminder:<\/strong> Bank hours will run 9:30am-1:30pm through the holy month (9am to 2pm for staff), while the EGX is also on shorter hours, with the opening bell at 10am and last trades by 1:30pm.<\/p>\n<p><strong>***CATCH UP QUICK<\/strong> on the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>Macro IPO postponed <\/strong><strong>until fall<\/strong><strong>:<\/strong> Macro Group has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75b46198-eeb9-4f78-81cf-25219caf31c2\">pushed back plans<\/a> for an April IPO on the EGX despite strong appetite from international institutional investors, due to concerns about \u201cthe market\u2019s capacity to absorb multiple offerings\u201d following <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94e97ae5-4a3e-46a4-8dca-243163201344\">Taaleem\u2019s debut<\/a> on the bourse last week and as IDH plans to pull off the country\u2019s first technical listing. The decision came after the company consulted regulatory authorities, it said.<\/li>\n<li><strong>Economic reform program 2.0:<\/strong> Planning Minister Hala El Said has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d546405-7581-4176-abf2-90acec8409e8\">revealed more details<\/a> about the second round of the government\u2019s economic reform program.<\/li>\n<li><strong>Operation Mogamma Facelift: <\/strong>The Sovereign Fund of Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f302005a-4921-4dbb-8223-bea106883cf9\">expects to ink<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f302005a-4921-4dbb-8223-bea106883cf9\">contracts<\/a> by 3Q2021 with a private sector partner to repurpose the Mogamma Tahrir.<\/li>\n<\/ul>\n<p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p>\n<p><strong>Russian Foreign Minister Sergey Lavrov <\/strong><strong><a href=\"https:\/\/twitter.com\/Rusembegypt\/status\/1381247083345281029\">is in town today<\/a><\/strong> <strong>for talks with President Abdel <\/strong><strong>Fattah El Sisi<\/strong> to discuss the latest developments on the stalled GERD talks. Lavrov\u2019s visit comes after expectations that Russian President Vladimir Putin would visit Egypt sometime in March did not materialize. The latest round of ministerial negotiations between Egypt, Sudan, and Ethiopia over the dam <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fed1a86a-7b61-41be-828c-d1a714e4de03\">last week<\/a> ended in yet another stalemate.<\/p>\n<p><strong>Resuming Russian flights to Red Sea resorts also high on the agenda:<\/strong> \u201cWe are looking forward to having flights from Russia to the Egyptian tourist areas resumed,\u201d Shoukry <a href=\"https:\/\/tass.com\/society\/1276581\">told Russian news agency Tass<\/a> ahead of the meeting. \u201cWe have done our utmost to reach the top security level at Egypt\u2019s airports and in the resorts.\u201d Russia has maintained a ban on direct flights to Red Sea resort towns since the Metrojet crash in the Sinai in 2015.<\/p>\n<p><strong>Meanwhile, Egypt and Sudan are getting closer on more levels:<\/strong> Finance Minister Mohamed Maait is in Khartoum for a second day. He\u2019s meeting with central bank officials as well as the Sudanese ministers of transport, finance, and planning as part of Egypt\u2019s efforts to strengthen bilateral relations and support Sudan\u2019s economic development, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1903304823181207\/\">statement<\/a>.<\/p>\n<p><strong>THE BIG STORY INTERNATIONALLY-<\/strong><\/p>\n<p><strong>An Iranian nuclear facility has been sabotaged in an act Tehran has labelled \u201cnuclear <\/strong><strong>terrorism.\u201d<\/strong> The head of the country\u2019s nuclear authority said the underground Natanz enrichment facility had suffered a blackout, a day after the government <a href=\"https:\/\/www.cnbc.com\/2021\/04\/10\/iran-testing-advanced-nuclear-centrifuge-that-would-allow-faster-uranium-enrichment.html\">announced<\/a> it had begun tests on a new advanced centrifuge that could allow it to enrich uranium more quickly. This comes a few days after world powers met in Vienna for talks focused on bringing Iran back into compliance with the 2015 nuclear pact and persuading the US to drop the Trump administration's economic sanctions. Everyone from the <a href=\"https:\/\/www.nytimes.com\/2021\/04\/11\/world\/middleeast\/iran-nuclear-natanz.html\">NYT<\/a> and <a href=\"https:\/\/apnews.com\/article\/middle-east-iran-358384f03b1ef6b65f4264bf9a59a458\">the AP<\/a> to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-11\/iran-says-power-disruption-caused-incident-at-nuclear-facility?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> and <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-56708778\">the BBC<\/a> has the story.<\/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>Amendments to the VAT Act will be shipped back to the House Planning and Budgeting <\/strong><strong>Committee in a few weeks<\/strong> after public consultations on the amendments wrap up, committee undersecretary Mostafa Salem told us. The Finance Ministry has been sitting down with industry players, including representatives from Coca Cola, PepsiCo, and Nestle for their comments on the amendments, including applying the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/976a0bd2-9def-4208-8eed-a9bcee2355be\">14% tax to the rent and purchase<\/a> of commercial and administrative properties, imposing VAT on crackers and some sweets, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40999825-ce0a-4afc-be87-32ef07a345f7\">removing the tax<\/a> on imports of strategic commodities.<\/p>\n<p><strong>Among the other deadlines and events you need to have your eye on this month:<\/strong><\/p>\n<ul>\n<li><strong>EBRD President Odile Renaud-Basso could visit Egypt later this month<\/strong>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2308519\">Al Masry<\/a><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2308519\">Al Youm<\/a> reported this weekend following a meeting with Egypt\u2019s ambassador to the UK Tarek Adel. This would be her first official visit to Egypt since she was appointed to head the bank in November.<\/li>\n<li><strong>More information on the new construction licenses + building code will be made <\/strong><strong>public by this Thursday, 15 April<\/strong> to explain the details of the new system that will hand out construction licenses.<\/li>\n<li><strong>\u201cSummer hours<\/strong><strong>\u201d will<\/strong> <strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1893821920796164\">come into effect<\/a><\/strong><strong> for retail stores and restaurants as of 17 <\/strong><strong>April.<\/strong> This means retail shops can close at 11 pm (instead of 10 pm during the winter), while cafes and restaurants can stay open until 1 am (instead of midnight currently). We have more details on the winter vs. summer hours <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3019f4c-6803-4c38-a95f-5dfdeaf7a35b\">here<\/a>.<\/li>\n<li>The Central Bank of Egypt will meet to discuss interest rates on<strong> Thursday, 29 April<\/strong>.<\/li>\n<\/ul>\n<p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> Egypt\u2019s startup ecosystem \u2015 like those throughout the world \u2015 is closely linked to universities. Institutional support is a core factor driving our entrepreneurship movement. Since the first university-based startup incubator was founded in 2013, similar programs have been launched inside and outside Cairo, and more universities are leading general awareness-raising about entrepreneurship and teaching it as an academic discipline. Today we look at how university programs are fostering entrepreneurship and supporting students to launch their own startups.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ramadan Kareem, y\u2019all: Dar Al Ifta confirmed last night that Tuesday will be the first day of Ramadan. We wish all of you a fantastic, relaxing month with family and friends. So, when do we eat? Maghreb prayers are at 6:21pm in the capital city tomorrow. You\u2019ll have until 3:59am to finish sohour tonight. As [&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":[7204],"tags":[72,716,89,1032,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561537","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-iran","tag-israel","tag-ramadan","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"42fc9b4b-85f3-4dbd-b755-645616299106","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[561535],"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>Ramadan starts tomorrow; Lavrov in town today; Iran alleges \u201cnuclear terrorism\u201d - 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\/04\/12\/ramadan-starts-tomorrow-lavrov-in-town-today-iran-alleges-nuclear-terrorism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ramadan starts tomorrow; Lavrov in town today; Iran alleges \u201cnuclear terrorism\u201d\" \/>\n<meta property=\"og:description\" content=\"Ramadan Kareem, y\u2019all: Dar Al Ifta confirmed last night that Tuesday will be the first day of Ramadan. We wish all of you a fantastic, relaxing month with family and friends. So, when do we eat? Maghreb prayers are at 6:21pm in the capital city tomorrow. You\u2019ll have until 3:59am to finish sohour tonight. As [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/ramadan-starts-tomorrow-lavrov-in-town-today-iran-alleges-nuclear-terrorism\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T03:47:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg\" \/>\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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/ramadan-starts-tomorrow-lavrov-in-town-today-iran-alleges-nuclear-terrorism\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/ramadan-starts-tomorrow-lavrov-in-town-today-iran-alleges-nuclear-terrorism\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ramadan starts tomorrow; 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Both the central bank and the EGX have confirmed that our five-day Eid El Fitr weekend begins tomorrow. Banks, capital markets (and, by extension, much of the private sector) are on holiday Tuesday\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561574,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/today-your-essential-ramadan-schedule-more-warnings-about-a-third-wave-of-covid-19\/","url_meta":{"origin":561537,"position":1},"title":"TODAY: Your essential Ramadan schedule + more warnings about a third wave of covid-19","author":"enterpriseam admin","date":"13 April 2021","format":false,"excerpt":"Good morning, wonderful people, and Ramadan kareem to everyone observing.Your first Ramadan blessing of the season: This year\u2019s calendar is nothing short of gorgeous. Consider this: From where we sit this morning, it\u2019s a quick sprint to the weekend.Next week: A full workweek, followed by a long weekend for Sinai\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597939,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/what-were-tracking-on-09-may-2019\/","url_meta":{"origin":561537,"position":2},"title":"What we\u2019re tracking on 09 May 2019","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"And so it ended. You have (nearly) survived the first business week of Ramadan.An unpopular truth: Ramadan weekends are wonderful. Daylight hours marked by zero pressure to interact civilly with other people, leaving us to laze on the couch as we catch up on reading, hit Netflix and Prime Video,\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561465,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/ramadan-covid-measures-to-be-announced-today-a-fuel-price-hike-announcement-any-day-now\/","url_meta":{"origin":561537,"position":3},"title":"Ramadan covid measures to be announced today + a fuel price hike announcement any day now.","author":"enterpriseam admin","date":"8 April 2021","format":false,"excerpt":"Well, that\u2019s another week in the books, nice people, as we wind down this final week before Ramadan. The Holy Month is now five days away. Look today for more information on covid restrictions that will come into play during Ramadan. Health Minister Hala Zayed will hold a presser today\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598637,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/30\/what-were-tracking-on-30-may-2019\/","url_meta":{"origin":561537,"position":4},"title":"What we\u2019re tracking on 30 May 2019","author":"enterpriseam admin","date":"30 May 2019","format":false,"excerpt":"Good morning, friends, and welcome to the last day of the week \u2014 and final Thursday of Ramadan. We\u2019re all getting a little antsy in anticipation of the long Eid El Fitr weekend, which could start on Tuesday or Wednesday, depending on how hopeful you are.In the meantime, a few\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565483,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/tonight-ramadan-times-and-tv-guide-lavrov-is-in-town-agthia-has-plans-for-egypt-more-ethiopia-antagonism\/","url_meta":{"origin":561537,"position":5},"title":"TONIGHT: Ramadan times and TV guide, Lavrov is in town; Agthia has plans for Egypt; more Ethiopia antagonism","author":"enterpriseam admin","date":"12 April 2021","format":false,"excerpt":"We\u2019re literally hours away from Ramadan, and we hope you have a blessed, restful, productive, safe, and festive 30 (or 29) days. Who says we can\u2019t have it all.So, when do we eat? Maghreb prayers are at 6:21pm in the capital city tomorrow. 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