{"id":563921,"date":"2021-07-28T04:00:08","date_gmt":"2021-07-28T04:00:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/also-on-our-radar-on-28-july-2021\/"},"modified":"2021-07-28T04:00:08","modified_gmt":"2021-07-28T04:00:08","slug":"also-on-our-radar-on-28-july-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/also-on-our-radar-on-28-july-2021\/","title":{"rendered":"Also on our Radar on 28 July 2021"},"content":{"rendered":"<p><strong>Tobacco and molasses manufacturing facilities have until the end of this <\/strong><strong>year <\/strong><strong>to legalize <\/strong><strong>their status <\/strong>under a <a href=\"https:\/\/ent.news\/2021\/7\/Trade-Ministry-Decree.pdf\">decision (pdf)<\/a> by the Trade Ministry to set a deadline for companies to complete licensing procedures. The decision comes in response to several complaints by molasses manufacturers after the Industrial Development Authority stopped renewing expired licenses, which led to the closure of over 37 plants, Federation of Egyptian Industries\u2019 tobacco division Ibrahim Imbaby told the <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2386000\">local press<\/a>.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>IHG Hotels<\/strong> will launch <strong>four new Hotel Indigo branches<\/strong> in Sahel, New Cairo, Sixth of October, and Ain Sokhna between 2024 and 2028 after reaching <a href=\"https:\/\/www.ihgplc.com\/en\/news-and-media\/news-releases\/2021\/ihg-debuts-hotel-indigo-with-a-four-hotel-agreement-in-egypt\">an agreement<\/a> with property developer <strong>Mountain View<\/strong>.<\/li>\n<li>The board of tourism developer <strong>Remco<\/strong> has <a href=\"https:\/\/ent.news\/2021\/7\/Remco.pdf\">approved (pdf)<\/a> a <a href=\"https:\/\/ent.news\/2021\/7\/FV-study.pdf\">study (<\/a><a href=\"https:\/\/ent.news\/2021\/7\/FV-study.pdf\">pdf<\/a><a href=\"https:\/\/ent.news\/2021\/7\/FV-study.pdf\">)<\/a> that sets the fair value of subsidiary <strong>Empain Tourism Investments <\/strong>at EGP 76 per share or a total of EGP 347.68 mn, ahead of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8c06421e-7c3e-41fe-9f7f-eb6fce2ba842\">a potential sale<\/a> to unnamed local investors.<\/li>\n<li>A <strong>female TikTok influencer<\/strong> and her friend have been handed a four-day <strong>detention <\/strong><a href=\"https:\/\/bit.ly\/3BOoqUf\">order<\/a> on charges of indecency and inciting debauchery.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Tobacco and molasses manufacturing facilities have until the end of this year to legalize their status under a decision (pdf) by the Trade Ministry to set a deadline for companies to complete licensing procedures. The decision comes in response to several complaints by molasses manufacturers after the Industrial Development Authority stopped renewing expired licenses, which [&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":[7209],"tags":[111,72,955,7128,154,83,1292,1464,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563921","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-hospitality","tag-ma-watch","tag-mountain-view","tag-real-estate","tag-remco-group","tag-tiktok","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"e9149fb4-c86d-4517-b6db-538604ec0815","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[563899],"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>Also on our Radar on 28 July 2021 - 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\/07\/28\/also-on-our-radar-on-28-july-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Also on our Radar on 28 July 2021\" \/>\n<meta property=\"og:description\" content=\"Tobacco and molasses manufacturing facilities have until the end of this year to legalize their status under a decision (pdf) by the Trade Ministry to set a deadline for companies to complete licensing procedures. The decision comes in response to several complaints by molasses manufacturers after the Industrial Development Authority stopped renewing expired licenses, which [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/also-on-our-radar-on-28-july-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-28T04:00:08+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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/also-on-our-radar-on-28-july-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/also-on-our-radar-on-28-july-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Also on our Radar on 28 July 2021\",\"datePublished\":\"2021-07-28T04:00:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/also-on-our-radar-on-28-july-2021\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"EnterpriseAM\",\"hospitality\",\"M&amp;A Watch\",\"Mountain View\",\"real estate\",\"Remco Group\",\"Tiktok\",\"tourism\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/also-on-our-radar-on-28-july-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/also-on-our-radar-on-28-july-2021\/\",\"name\":\"Also on our Radar on 28 July 2021 - 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WTO economic adviser and member of the UN Economic Commission\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":589190,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/22\/eastern-company-cancels-heated-tobacco-investment-to-conserve-fx\/","url_meta":{"origin":563921,"position":2},"title":"Eastern Company cancels heated tobacco investment to conserve FX","author":"enterpriseam admin","date":"22 June 2023","format":false,"excerpt":"Eastern is saving its hard currency to produce cigarettes amid the FX crunch","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1167.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567693,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/centamin-is-pouring-resources-into-sukari-in-search-of-higher-grade-gold\/","url_meta":{"origin":563921,"position":3},"title":"Centamin is pouring resources into Sukari in search of higher-grade gold","author":"enterpriseam admin","date":"3 December 2020","format":false,"excerpt":"Centamin to pour resources into Sukari in search of higher-grade gold: Egypt-focused Australian gold miner Centamin will invest USD 595 mn between 2021 and 2024 to up productivity and cut operating costs at its Sukari mine in the Eastern Desert, the company said yesterday. 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