{"id":580857,"date":"2023-01-23T13:34:59","date_gmt":"2023-01-23T13:34:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/23\/this-evening-new-licensing-requirements-for-social-media-platforms-in-egypt-were-halfway-through-the-work-week\/"},"modified":"2023-01-23T13:34:59","modified_gmt":"2023-01-23T13:34:59","slug":"this-evening-new-licensing-requirements-for-social-media-platforms-in-egypt-were-halfway-through-the-work-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/23\/this-evening-new-licensing-requirements-for-social-media-platforms-in-egypt-were-halfway-through-the-work-week\/","title":{"rendered":"THIS EVENING: New licensing requirements for social media platforms in Egypt? + We\u2019re halfway through the work week"},"content":{"rendered":"<p><strong>Good afternoon, ladies and gents.<\/strong> We\u2019ve made it halfway through this shortened work week, with Thursday confirmed to be a day off for all of us. The EGX will be closed this Thursday, 26 January, in observance of Police Day \/ the 25 January revolution anniversary, according to <a href=\"https:\/\/ent.news\/2023\/1\/EGX-Police-Day-2023.jpg\">a statement<\/a> released earlier today.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>We could be getting legislation to regulate social media platforms:<\/strong> The Supreme Council for Media Regulation is planning to draft new legislation that would, if passed, require social media platforms to obtain licensing to be able to operate in Egypt, council head Karam Gabr told the Senate earlier this week.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>It\u2019s a mixed bag in the international business press this afternoon.<\/strong> Among the stories getting top billing on the front pages is Spotify announcing layoff plans, making it the latest tech company to move towards cutting staff (<a href=\"https:\/\/www.cnbc.com\/2023\/01\/23\/spotify-to-trim-6percent-of-workforce.html\">CNBC<\/a> | <a href=\"https:\/\/www.cnbc.com\/2023\/01\/23\/spotify-to-trim-6percent-of-workforce.html\">Reuters<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/spotify-to-cut-6-of-its-staff-11674477162?mod=hp_lead_pos2\">The Wall Street Journal<\/a>).<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Travco wants to capitalize on the tourism rebound + Gov\u2019t calls for USD 30 bn investments to reach 30 mn guests:<\/strong> High-profile tourism firm Travco Group plans to invest EGP 7 bn this year to raise its hotel capacity amid expectations of an increase in tourist arrivals, while the government wants to invest USD 30 bn to grow the sector 25-30% annually by 2038, Tourism Minister Ahmed Issa <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/923843df-1ef1-4551-8a75-34f68668951d\">told the Senate yesterday<\/a>.<\/li>\n<li><strong>More imports money from the ITFC:<\/strong> The government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f9f4041-842c-4a4f-8eb0-a9c6ab17ab0d\">has signed<\/a> a fresh USD 1.5 bn financing agreement with the International Islamic Trade Finance Corporation (ITFC) to fund energy and basic commodities imports.<\/li>\n<li><strong>ValU is gearing up for its second securitization program:<\/strong> EFG Hermes\u2019 buy-now-pay-later platform valU <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c21a385c-7d70-43ba-a680-2d1cc8ccf4bb\">is studying<\/a> a new EGP 5 bn securitization program which it hopes to start later this year.<\/li>\n<\/ul>\n<hr class=\"grey-line\" \/>\n<p><strong>COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/Enterprise-FDI-Exports_1600.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>We\u2019re excited to unveil our next C-level event: The Enterprise FDI + Exports Forum,<\/strong> where we will take a deep dive into two of the most critical topics affecting our community.<\/p>\n<p><strong>Exports and foreign direct investment (FDI) have never been more important to our economy<\/strong> \u2014 or our businesses \u2014 than in the wake of the float of the EGP. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/feeda831-c0fd-43df-b197-08ddb74254e7\">We think we have a once-in-a-lifetime chance to build an export-led economy<\/a> that makes us a magnet for FDI and all the benefits that will come with it for our nation.<\/p>\n<p><strong>The Enterprise FDI + Exports Forum asks a simple question: Where do we go from here? <\/strong><\/p>\n<p><strong>The Enterprise FDI + Exports Forum is the latest in our series of must-attend, invitation-only gatherings for C-suite-level business leaders<\/strong>, where they can talk openly and honestly about important issues in key parts of the economy. The gathering, which will take place in May 2023, will focus on how to start making moves across continents, including:<\/p>\n<ul>\n<li>What do we have to sell to global markets, including products <em>and <\/em>services? What should our priority industries be?<\/li>\n<li>How can you break into an export market? How can you make your business a component of the global supply chain? Hear directly from potential partners and buyers about what they\u2019re looking for.<\/li>\n<li>How to leverage big domestic trends \u2014 and turn them into massive windows for export.<\/li>\n<li>How to climb the value-add ladder in a way that matches up with trends in key export markets.<\/li>\n<li>How do you choose an export market? What countries should Egyptian businesses be looking at as export targets \u2014 and why?<\/li>\n<li>What are foreign investors looking for? How can you pitch them on a JV \u2014 or on investing in your business?<\/li>\n<\/ul>\n<p><strong>Think of the Enterprise FDI + Exports Forum as a hands-on lab for how to turn the float of the EGP into something that will turbocharge your company. <\/strong><\/p>\n<p><strong>COMING IN MAY<\/strong> \u2014 stay tuned for updates.<\/p>\n<p><strong>Want to partner with us <\/strong><strong>on the<\/strong><strong> conference?<\/strong> Ping a note to Moustafa Taalab, our head of commercial, <a href=\"mailto:mtaalab@inktankir.com\">here<\/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>FOR TOMORROW-<\/strong><\/p>\n<p><strong>El Sisi heads to India:<\/strong> President Abdel Fattah El Sisi will lead a delegation including ministers and other officials on a <a href=\"https:\/\/www.mea.gov.in\/incoming-visit-detail.htm?36139\/State Visit of President of Egypt to India January 2426 2023\">three-day visit<\/a> from tomorrow to this Thursday, 26 January at the invitation of Indian Prime Minister Narendra Modi. El Sisi will be honored as \u201cchief guest\u201d at celebrations to mark the country's 74th Republic Day.<\/p>\n<p><em>CORRECTION- 23 January, 2023<\/em><br \/>\n<em>An earlier version of this story incorrectly said India is celebrating the 74th anniversary of its independence.\u00a0<\/em><\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>WATCH THIS SPACE- The Supply Ministry is set to finalize the \u201cfair prices\u201d of a number<\/strong><strong> of food and consumer commodities this month<\/strong>, <a href=\"https:\/\/bit.ly\/3J2TPIN\">Al Mal<\/a> reports, adding that it is \u201cclose to putting the finishing touches\u201d to the indicative price list.<\/p>\n<p><strong>REFRESHER-<\/strong> The Supply Ministry was reportedly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/873b989b-a939-4a81-a1bd-8ea0d2920166\">set to announce the price list<\/a> at the end of December after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1055320c-e8cc-40c0-903e-bd379e4c4bc3\">setting up<\/a> a committee to advise on fair prices to clamp down on price gouging amid soaring inflation.<\/p>\n<p><strong>The Cairo International Book Fair will open its doors to the public<\/strong> at the International Exhibition Center in New Cairo this Thursday, 26 January. The event runs until 6 February.<\/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- <\/strong>We\u2019re in for a sunny day tomorrow, with temperatures in Cairo expected to hit 23\u00b0C during the day before falling to 12\u00b0C at night, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gents. We\u2019ve made it halfway through this shortened work week, with Thursday confirmed to be a day off for all of us. The EGX will be closed this Thursday, 26 January, in observance of Police Day \/ the 25 January revolution anniversary, according to a statement released earlier today. THE BIG [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":580858,"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":[633,180,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-580857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-legislation","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"40bd0aa5-5862-4e49-9cd9-8cdd9aaab3e1","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/1\/723.jpg","photo_position":"above","related_issue":[580855],"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: New licensing requirements for social media platforms in Egypt? + We\u2019re halfway through the work week - 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\/2023\/01\/23\/this-evening-new-licensing-requirements-for-social-media-platforms-in-egypt-were-halfway-through-the-work-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: New licensing requirements for social media platforms in Egypt? + We\u2019re halfway through the work week\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, ladies and gents. 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The legislation means to crackdown on social media subscribers\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":580882,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/this-evening-pharma-nutraceutical-player-nerhadou-gets-new-minority-shareholders-corruption-shakedown-in-ukraine\/","url_meta":{"origin":580857,"position":1},"title":"THIS EVENING: Pharma, nutraceutical player Nerhadou gets new minority shareholders + Corruption shakedown in Ukraine","author":"enterpriseam admin","date":"24 January 2023","format":false,"excerpt":"Happy Tuesday \u2014 or almost-THURSDAY-equivalent. We\u2019re officially within arm\u2019s reach of the long weekend, as the nation takes a holiday this Thursday, 26 January in observance of Police Day and the 25 January Revolution. As is our custom, EnterprisePM will also not be publishing on Thursday and will be back\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\/1\/733.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553205,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/26\/this-evening-house-signs-off-on-agriculture-act-and-other-bills-is-musk-finally-going-to-acquire-twitter\/","url_meta":{"origin":580857,"position":2},"title":"THIS EVENING: House signs off on Agriculture Act and other bills + Is Musk finally going to acquire Twitter?","author":"enterpriseam admin","date":"26 October 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy almost-THURSDAY. The news cycle is taking a bit of a breather on the local front after the three-day Egypt Economic Conference gave us a very busy start to the week.THE BIG STORY TODAY The House of Representatives gave its final approval to a\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":621599,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/house-backs-legislation-to-tax-social-media-ads\/","url_meta":{"origin":580857,"position":3},"title":"House backs legislation to tax social media ads","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"House backs legislation to tax social media ads: MPs will support the Finance Ministry\u2019s drive to collect taxes on domestic purchases of social media advertising, said House spokesperson Salah Hassaballah, according to Al Mal. The move will require some change to legislation, the story suggests, and comes after we reported\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628081,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/house-is-shopping-around-legislation-to-tax-social-media-ads\/","url_meta":{"origin":580857,"position":4},"title":"House is shopping around legislation to tax social media ads","author":"enterpriseam admin","date":"25 June 2018","format":false,"excerpt":"LEGISLATION WATCH- House is shopping around legislation to tax social media ads: A draft law to tax Egyptian advertisers for their social media spends apparently exists and is already floating around in the House of Representatives, MPs tell Egypt Independent. The proposal would tax both paid and unpaid ads (how\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543058,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/04\/this-evening-pmi-is-still-in-contraction-egx-says-thursday-is-off-also-house-gives-unified-planning-act-green-light\/","url_meta":{"origin":580857,"position":5},"title":"THIS EVENING: PMI is still in contraction + EGX says Thursday is off. ALSO: House gives Unified Planning Act green light","author":"enterpriseam admin","date":"4 January 2022","format":false,"excerpt":"Happy hump day, ladies and gentlemen. It\u2019s a relatively calm afternoon on the local news front (thank you, shortened workweek), but with the House of Representatives back in session, that might soon change.Bankers and finance folks are officially off this Thursday, as the EGX confirmed earlier today the bourse will\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=580857"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580857\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/580855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/580858"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=580857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=580857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=580857"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=580857"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=580857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}