{"id":585848,"date":"2023-05-01T00:00:00","date_gmt":"2023-05-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/"},"modified":"2023-05-01T00:00:00","modified_gmt":"2023-05-01T00:00:00","slug":"gem-to-open-its-doors-in-november","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/","title":{"rendered":"GEM to open its doors in November?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, friends, and happy Labour Day to those of you observing the occasion in Egypt <\/span><span>and around the world. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700\">We have another long weekend ahead of us<\/span><span style=\"\"> thanks to <\/span><span>Labor Day, Prime Minister Moustafa Madbouly <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0r8YWCdfpst8DBCrJpBvAmwrdXCfNNyHyZAzX1jGFC18LVaFyPXAazuzCd7w2DMTGl?locale=ar_AR\" style=\"\">confirmed<\/a><\/span><span style=\"font-weight:400;\"> yesterday. The private sector, civil servants and public-sector workers will all take the day off on Thursday, 4 May, Madbouly said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">G<\/span><span style=\"font-weight:700\">EM to o<\/span><span style=\"font-weight:700\">pen by November? <\/span><span style=\"\">The government has set November as the date for <\/span><span>the long-aw<\/span><span>aited opening of the Grand Egyptian Museum (GEM) at the Giza Pyramids complex, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.asharqbusiness.com\/article\/49710\/%D9%85%D8%B3%D8%A4%D9%88%D9%84-%D9%84%D9%80%D8%A7%D9%84%D8%B4%D8%B1%D9%82-%D9%86%D9%88%D9%81%D9%85%D8%A8%D8%B1-%D8%A7%D9%84%D9%85%D9%88%D8%B9%D8%AF-%D8%A7%D9%84%D9%86%D9%87%D8%A7%D8%A6%D9%8A-%D9%84%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D9%81-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D8%A7%D9%84%D9%83%D8%A8%D9%8A%D8%B1-%D8%A8%D9%83%D9%84%D9%81%D8%A9-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/\" style=\"\">Asharq Business<\/a><\/span><span style=\"font-weight:400;\"> reports an unnamed official as saying. Prime Minister Moustafa Madbouly and Japan\u2019s Fumio Kishida, who on a three-day visit to Cairo, toured the facility yesterday and held a joint presser with Prime Minister Moustafa Madbouly. Japan has been on of the primary backers of the museum, with JICA having provided hundreds of mns of USD in funding for the GEM. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What to look for: <\/span><span style=\"font-weight:400;\">Given the importance of the GEM to our tourism strategy \u2014 and its cultural significance internationally \u2014 President Abdel Fattah El Sisi will want to host a world-scale opening ceremony with participation from heads of state and prime ministers. November, being six months out, sounds about right, but it\u2019s not real until someone in government says it is. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background: <\/span><span>The opening of the USD 1 bn museum \u2014 which had been initially set for June 2020 \u2014 was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2020\/04\/05\/egypts-govt-wont-be-moving-to-new-capital-this-year-museum-opening-postponed-14244\/\" style=\"\">postponed<\/a><\/span><span> thanks to the outbreak of covid-19. The GEM is part of our tourism revival strategy, which aims to bring in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b252d5fc-e5e3-41f9-a8ca-8c9cf8c17127\" style=\"\">30 mn visitors<\/a><\/span><span style=\"font-weight:400;\"> annually by 2028 and help raise much needed hard currency.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">^^ Kishida also pledged yesterday some USD 733 mn in new funding for the Cairo Metro. <\/span><span style=\"font-weight:400;\">We have the rundown in Diplomacy, below, and additional coverage of his visit in Last Night\u2019s Talk Shows. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">IT\u2019S THE START OF A NEW MONTH-<\/span><span style=\"font-weight:400;\"> Here are the key data points to look out for in May:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">PMI: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.pmi.spglobal.com\/Public\/Release\/ReleaseDates\" style=\"\">S&amp;P Global<\/a><\/span><span> should publish the April purchasing managers\u2019 index this <\/span><span>Wednesday<\/span><span style=\"font-weight:400;\">, 3 May;<\/span><\/li>\n<li><span style=\"font-weight:700\">Foreign reserves: <\/span><span style=\"font-weight:400;\">The central bank is due to release April\u2019s foreign reserves figures sometime this week;<\/span><\/li>\n<li><span style=\"font-weight:700\">Inflation:<\/span><span> Inflation<\/span><span style=\"font-weight:400;\">figures for April will be out next Wednesday, 10 May; <\/span><\/li>\n<li><span style=\"font-weight:700\">Interest rates: <\/span><span>The Central Bank of Egypt will next meet on <\/span><span>Thursday, 18 May<\/span><span> to discuss interest rates.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/span><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WATCH THIS SPACE-<\/span><span style=\"\"> Government officials yesterday met with officials from two of the <\/span><span style=\"font-weight:400;\">countries we\u2019re counting on for game-changing FDI:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">The UAE and ADQ: <\/span><span style=\"\"> Prime Minister Moustafa Madbouly held talks yesterday <\/span><span>with the CEO of Abu Dhabi sovereign wealth fund ADQ, Mohamed Hassan Alsuwaidi, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02zNmsU8PrcZkPEA2rJmnfj7bHtZs43fnHazSSUVqEKSdwyD7FehGGrKAn72CszsMzl\" style=\"\">a cabinet statement<\/a><\/span><span>. Alsuwaidi said the fund was interested in acquiring more assets in Egypt and expressed interest in the government\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a94808c5-7a0c-4027-a786-804f2dc35954\" style=\"\">privatization program<\/a><\/span><span style=\"font-weight:700\">.<\/span><\/li>\n<li><span style=\"font-weight:700\">Qatar: <\/span><span style=\"\">Finance Minister Mohamed Maait met with his Qatari counterpart, Ali bin <\/span><span>Ahmed Al Kuwari, to discuss boosting investment inflows from Qatar as well as cooperation on tax, customs, and in the financial sector, the ministry said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0JmsJMc4xjrWpzknrgKfAfykZgsTbd6ekPJ6kVjfNqEB7az7zrC9ttHYx5xEciv7Ml\" style=\"\">a statement<\/a><\/span><span> yesterday<\/span><span>. The Qatari minister also invited Maait to attend the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatareconomicforum.com\/\" style=\"\">Qatar Economic Forum<\/a><\/span><span> in Doha later this month.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/span><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <a id=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">Subsidized commodities just got more expensive:<\/span><span style=\"\"> The Supply Ministry <\/span><span>is from today raising the prices of almost all subsidized commodities sold to ration card holders, <\/span><span>Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=ziGKg-i6vpo\" style=\"\">watch, runtime: 4:41<\/a><\/span><span style=\"font-weight:400;\">) said last night. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">As of today:<\/span><\/p>\n<ul>\n<li><span>the price of <\/span><span style=\"font-weight:700\">a bottle of cooking oil<\/span><span style=\"font-weight:400;\"> will rise 20% to EGP 30, up from EGP 25;<\/span><\/li>\n<li><span style=\"font-weight:700\">1 kg of <\/span><span style=\"font-weight:700\">rice<\/span><span style=\"font-weight:400;\"> will rise 14% to EGP 12, from EGP 10.50;<\/span><\/li>\n<li><span style=\"font-weight:700\">1 kg of sugar<\/span><span> will increase 20% to EGP 12.6, up from EGP 10<\/span><span style=\"font-weight:400;\">.50;<\/span><\/li>\n<li><span style=\"font-weight:700\">P<\/span><span style=\"font-weight:700\">asta <\/span><span style=\"font-weight:400;\">will rise to EGP 13 for 800g or EGP 6.50 for 400g;<\/span><\/li>\n<li><span style=\"font-weight:700\">500 grams of lentils <\/span><span style=\"font-weight:400;\">will be sold at EGP 21;<\/span><\/li>\n<li><span style=\"font-weight:700\">40 grams of tea <\/span><span>will rise to EGP 5. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background-<\/span><span style=\"\"> The ministry announced over the weekend that it would soon begin to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b76ec80b-bf18-47d1-bf53-07b5b9cefb8f\" style=\"\">incrementally raise prices<\/a><\/span><span> to lower its subsidy bill and cut costs. Minister Ali El Moselhy justified <\/span><span style=\"font-weight:400;\">the move saying that without such price hikes \u201cthe government will not be able to fund or provide these commodities.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/span><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING TODAY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt1\"><\/a> #<\/span><span style=\"font-weight:700\">1- The African Private Equity and Venture Capital Association\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.avcaconference.com\/\" style=\"\">annual summit<\/a><\/span><span style=\"font-weight:700\">:<\/span><span>AVCA\u2019s annual get-together and VC summit gets underway at the Four Seasons Nile Plaza <\/span><span style=\"font-weight:400;\">today. Billing itself as the world\u2019s largest Africa-focused private capital gathering, the five-day summit will bring together investors with more than USD 1.5 tn in assets under management.  Multilateral lenders and policymakers are also attending.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <a id=\"wwtt4\"><\/a> <\/span><span style=\"font-weight:700\">#2- Shoukry in Amman to talk rapprochement with Syria:<\/span><span style=\"\"> Foreign Ministry <\/span><span>Sameh Shoukry is in Jordan today for talks with the top diplomats of several Arab countries <\/span><span>about bringing Syria back into the Arab League. The foreign ministers of Jordan, Syria, Saudi Arabia, and Iraq will participate in the meeting alongside Shoukry, the Foreign Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02ZByme1RLuQp1MRYauDLQfMh8RU94x9W4553u26okJW6sgBDX81iWm6tH9zpDgQtZl\" style=\"\">said<\/a><\/span><span> yesterday. This is a follow-up on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4703710b-e8f2-4684-b930-251c2e991d1b\" style=\"\">last month\u2019s meeting<\/a><\/span><span style=\"font-weight:400;\">, which saw regional diplomats agree to \u201cintensify consultations\u201d to find a political solution to the Syrian crisis.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Remember: Egypt and Saudi Arabia are leading efforts to bring Syria back into the Arab <\/span><span style=\"font-weight:700\">fold<\/span><span style=\"font-weight:400;\"> after more than a decade as a regional pariah due to its civil war. Shoukry and Saudi foreign minister Faisal bin Farhan Al Saud have met multiple times with Syria\u2019s top diplomat, Faisal Mekdad, in recent weeks to discuss restoring diplomatic ties ahead of the Arab League summit in Riyadh later this month.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#3- CBE treasury auction:<\/span><span style=\"\"> The Central Bank of Egypt will try to sell USD 1 bn of one-year <\/span><span>USD-denominated treasury bills in an auction today, accordi<\/span><span>ng to its website<\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">It will a<\/span><span style=\"font-weight:700\">lso hold an auction thi<\/span><span style=\"font-weight:700\">s week for three-year EGP bonds:<\/span><span style=\"\"> The central bank is looking <\/span><span>to sell EGP 3 bn of bonds. The central bank sold les<\/span><span>s than 0.1% of the bonds offered in two similar auctions last month <\/span><span style=\"font-weight:400;\">after investors demanded high yields due to rising uncertainty about the trajectory of the EGP.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING THIS WEEK-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">National Dialogue kicks off:<\/span><span style=\"\"> The National Dialogue will hold its first session on Wednesday. <\/span><span style=\"font-weight:400;\">The dialogue was initially set to kick off in January but was postponed after the political parties failed to name their representatives to the sessions on time. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt5\"><\/a> <\/span><span style=\"font-weight:700\">It\u2019s Fed week: <\/span><span style=\"\">The Federal Reserve will hold its two-day policy meeting on Tuesday and <\/span><span>Wednesday \u2014 and signs point to a 25-bps interest rate hike as the Fed works to contain soaring inflation, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-30\/fed-meeting-preview-powell-faces-rate-hike-decision-amid-sticky-us-inflation?srnd=premium-middle-east&amp;leadSource=uverify%20wall\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">. A 25-bps hike will push the fed funds rate to 5-5.25% \u2014 the highest level since 2007 \u2014 and would be the tenth consecutive hike by the central bank since it started aggressively tightening policy to curb inflation last year. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">But it could be one of the Fed\u2019s hikes last for the foreseeable future<\/span><span style=\"\"> as the US inches <\/span><span>towards a recession. \u201cAfter hiking the fed funds rate one more notch at the May 2-3 meeting, the <\/span><span style=\"font-weight:400;\">FOMC will probably declare they think they\u2019ve done enough to bring inflation back down to the 2% target,\u201d one analyst said. Another described this week\u2019s meeting as \u201cpivotal\u201d as it comes at a point in the tightening cycle \u201cwhere backlash to rate hikes will intensify, in ways no one on the Fed has had to weather.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/span><\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY ABROAD-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">First Republic is leading the conversation in the global business press for the <\/span><span style=\"font-weight:700\">second day <\/span><span>as<\/span><span> US regulators continue efforts to find a buyer for the embattled lender. The Federal Deposit Ins. Corporation\u2019s (FDIC) <\/span><span style=\"font-weight:400;\">is expected to unveil its chosen buyer before the start of the business day in America today. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Who\u2019s in the running? <\/span><span style=\"\">JPMorgan Chase, PNC Financial Services, and Citizens Financial <\/span><span>Group, were among the banks that had submitted takeover bids for First Republic, sources familiar with the matter have reportedly said. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/first-republic-bank-silicon-valley-fdic-7a3aba1a94652d2d21f5a10d73894d4d?utm_source=homepage&amp;utm_medium=TopNews&amp;utm_campaign=position_09\" style=\"\">AP<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/finance\/pnc-jpm-putting-final-bids-first-republic-fdic-auction-sources-2023-04-30\/\" style=\"\">Reuters<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-30\/fdic-needs-lowest-cost-option-for-first-republic-khanna-says\" style=\"\">Bloomberg<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/f928330f-0e6f-4ab1-be14-25b7dbc9e3b8\" style=\"\">Financial Times<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/jpmorgan-pnc-bid-to-buy-first-republic-as-part-of-fdic-takeover-aeb936a0?mod=hp_lead_pos5\" style=\"\">Wall Street Journal<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bbc.com\/news\/business-65441302\" style=\"\">BBC<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO- Saudi + Iran to reopen embassies in days: <\/span><span style=\"\">Saudi Arabia and Iran will reopen their <\/span><span>embassies in Tehran and Riyadh \u201cwithin days,\u201d Iranian Foreign Minister Hossein Amirabdollahian is quoted by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-iran-reopen-embassies-within-days-2023-04-28\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\"> as saying during a conference. This would mark the latest sign of warming ties between the two countries after years of hostility. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ICYMI:<\/span><span style=\"\"> Earlier this year Saudi Arabia and Iran <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0787d3e-e659-4431-8e63-4694a804303d\" style=\"\">agreed to normalize relations<\/a><\/span><span style=\"\"> in a China-brokered <\/span><span>agreement. The groundwork is being laid for Saudi King Salman and Iranian President Ebrahim Raisi to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/24b1f1fb-d6b6-4cc8-9069-45a3e38daa80\" style=\"\">visit each other's countries<\/a><\/span><span> in what would be a historic rapprochement between the former foes.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ICYMI-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Missed this week\u2019s Inside Industry? <\/span><span style=\"\">In our <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/289c91a5-39cb-4ccb-8b64-ebad254a5916\" style=\"\">weekly vertical<\/a><\/span><span style=\"\"> exploring all things industry and <\/span><span style=\"font-weight:400;\">manufacturing, we looked at the Federation of Egyptian Industries\u2019 work with manufacturers operating in the shadow economy to assist them with going legit. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/957.jpg?ssl=1\"><\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Enterprise Exports &amp; FDI Forum, our latest industry-specific conference, is taking <\/span><span style=\"font-weight:700\">place on Monday, 15 May <\/span><span style=\"font-weight:400;\">at the Four Seasons Cairo Nile Plaza The Enterprise Exports &amp; FDI Forum will give insiders and newcomers alike the chance to talk about how to develop an export-centered business and how their companies can help Egypt build an export-led economy that makes us a magnet for foreign direct investment (FDI).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Why exports &amp; FDI?<\/span><span> In the wake of successive floats of EGP, exports and FDI have never been more important to our economy \u2014 or our businesses. We\u2019re gathering some of the CEOs, top execs from local companies and multinationals, investors, bankers and finance folks to speak on how businesses can adapt their strategies to be export-oriented and what Egypt as a country can do to draw foreign investment and much-needed FX. <\/span><span style=\"font-weight:700\">Expect it to be heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories.<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#aboutSection\" style=\"\">You can learn more on our conference website here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Some of the biggest names in business and finance are on board \u2014 are you?<\/span><span style=\"font-weight:400;\"> The Enterprise Exports and FDI Forum is taking place with the generous support of our friends, including:<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Banking partners:<\/span><span style=\"font-weight:400;\"> Banque Misr | Al Baraka Bank | Emirates NBD | HSBC <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Lead partners:<\/span><span style=\"font-weight:400;\"> DB Schenker | DP World | East Port Said Development | IDG | IFC | Madinat Masr<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Event partners: <\/span><span style=\"font-weight:400;\">Beyti | Concrete | Global Corp | Grant Thornton | Hassan Allam Utilities <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO BECOME A COMMERCIAL PARTNER?<\/span><span> Ping a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa, our head of commercial, here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">HAVEN\u2019T REQUESTED AN INVITE YET?<\/span><span> If you\u2019re a C-suite exec, business owner, DFI staff, export executive, investor or banker, please <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">fill out the form here<\/a><\/span><span style=\"font-weight:400;\"> to signal your interest, letting us know your name, title and where you work.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Attention, squash players and fans:<\/span><span style=\"\"> Our friends at upmarket real estate developer SODIC are <\/span><span>hosting the SODIC Squash Tour at Club S Allegria, a series of tournaments held under the <\/span><span>auspices of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/PSAworldtour\" style=\"\">Professional Squash Association<\/a><\/span><span>, it said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/1000.pdf\" style=\"\">statement<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/1000.pdf\" style=\"\">(pdf)<\/a><\/span><span style=\"font-weight:400;\">. The company is playing host to nine tournaments this year, three of which took place in February.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Need funding for a project involving job creation? Look no further. <\/span><span style=\"\">German <\/span><span>development agency GIZ\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/invest-for-jobs.com\/en\/investing-for-employment\" style=\"\">Facility Investing for Employment<\/a><\/span><span> will start accepting proposals for its latest competition round on 1 June, it said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2023\/05\/IFE-Announcement.pdf\" style=\"\">a<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2023\/05\/IFE-Announcement.pdf\" style=\"\">statement (pdf)<\/a><\/span><span>. <\/span><span style=\"font-weight:400;\">The selected projects can secure grants of EUR 1-10 mn, covering between 25-90% of the investment cost of the project depending on its type. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Interested? <\/span><span style=\"font-weight:400;\">Companies can submit applications from 1-30 June. The competition is open to private and public sector companies operating in all sectors of the economy, on the condition that the project contributes to sustainable job creation in the private sector. Also participating this time around are C\u00f4te d\u2019Ivoire, Ethiopia, Ghana, Rwanda, Senegal, and Tunisia, alongside Egypt.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\">Check out our full calendar on the web<\/a><\/span><span style=\"font-weight:400;\"> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/10\/CIRA-Blackboard-Banner-B-1600.jpg\"><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">*** It\u2019s Blackboard day:<\/span><span style=\"font-weight:400;\"> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In today\u2019s issue:<\/span><span style=\"\"> Two years later, private universities are officially leaving the Tansik system <\/span><span style=\"font-weight:400;\">behind and sticking to direct admissions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: The prices of subsidized commodities are rising today<\/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":[317,72,395,182,98,777,238,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-585848","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-commodities","tag-enterpriseam","tag-grand-egyptian-museum","tag-inflation","tag-subsidies","tag-supply-ministry","tag-tourism","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"49f88f6c-09a1-4f2c-99f0-db2e4bf962a4","order":"0","is_powered_by":false,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"The Grand Egyptian Museum could open in November -report","related_issue":[585846],"teaser":"PLUS: The prices of subsidized commodities are rising today","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.f58311ba-b97d-4c83-b2b7-29b2b4c3b668.mp3"},"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>GEM to open its doors in November? - 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\/05\/01\/gem-to-open-its-doors-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GEM to open its doors in November?\" \/>\n<meta property=\"og:description\" content=\"PLUS: The prices of subsidized commodities are rising today\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-01T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2023\/4\/957.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=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GEM to open its doors in November?\",\"datePublished\":\"2023-05-01T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/\"},\"wordCount\":1974,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2023\/4\/957.jpg\",\"keywords\":[\"commodities\",\"EnterpriseAM\",\"Grand Egyptian Museum\",\"inflation\",\"subsidies\",\"Supply Ministry\",\"tourism\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/\",\"name\":\"GEM to open its doors in November? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2023\/4\/957.jpg\",\"datePublished\":\"2023-05-01T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#primaryimage\",\"url\":\"https:\/\/ent.news\/2023\/4\/957.jpg\",\"contentUrl\":\"https:\/\/ent.news\/2023\/4\/957.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GEM to open its doors in November?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GEM to open its doors in November? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/","og_locale":"en_US","og_type":"article","og_title":"GEM to open its doors in November?","og_description":"PLUS: The prices of subsidized commodities are rising today","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-05-01T00:00:00+00:00","og_image":[{"url":"https:\/\/ent.news\/2023\/4\/957.jpg","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"GEM to open its doors in November?","datePublished":"2023-05-01T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/"},"wordCount":1974,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2023\/4\/957.jpg","keywords":["commodities","EnterpriseAM","Grand Egyptian Museum","inflation","subsidies","Supply Ministry","tourism","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/","name":"GEM to open its doors in November? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2023\/4\/957.jpg","datePublished":"2023-05-01T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#primaryimage","url":"https:\/\/ent.news\/2023\/4\/957.jpg","contentUrl":"https:\/\/ent.news\/2023\/4\/957.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/gem-to-open-its-doors-in-november\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"GEM to open its doors in November?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":561941,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/27\/this-morning-madbouly-to-announce-2021-2022-reform-agenda-today-food-prices-surge-to-eight-year-highs\/","url_meta":{"origin":585848,"position":0},"title":"THIS MORNING: Madbouly to announce 2021-2022 reform agenda today; food prices surge to eight-year highs","author":"enterpriseam admin","date":"27 April 2021","format":false,"excerpt":"Good morning, dear readers \u2014 we\u2019re halfway through Ramadan already. The news is mercifully light this morning as we look forward to kicking back on a long weekend.WHAT\u2019S HAPPENING TODAY-Prime Minister Mostafa Madbouly will announce the government\u2019s reform agenda for the coming fiscal year later today, Planning Minister Hala El\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":591313,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/03\/what-were-tracking-on-3-december-2019\/","url_meta":{"origin":585848,"position":1},"title":"What we\u2019re tracking on 3 December 2019","author":"enterpriseam admin","date":"3 December 2019","format":false,"excerpt":"Industry incentives announcement coming tomorrow, Amer says: Prime Minister Moustafa Madbouly will unveil tomorrow a package of measures designed to support the state\u2019s development plans, Central Bank of Egypt Governor Tarek Amer said yesterday during the African Economic Conference in Sharm El Sheikh. He also said that supporting private-sector companies\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":580278,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/18\/this-evening-el-moselhy-sets-up-task-force-to-impose-fair-price-for-commodities-were-about-to-settle-in-for-our-last-world-cup-match-until-2026\/","url_meta":{"origin":585848,"position":2},"title":"THIS EVENING: El Moselhy sets up task force to impose fair price for commodities + We\u2019re about to settle in for our last World Cup match until 2026","author":"enterpriseam admin","date":"18 December 2022","format":false,"excerpt":"Good afternoon, ladies and gents, and welcome to the start of a new week \u2014 and World Cup Final Day. We\u2019re counting down the minutes until France and Argentina hit the field today, and we\u2019re also looking forward to watching Wegz performing on the last day of the championship. 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\/2022\/12\/730.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547126,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/this-morning-its-ecb-rate-day-madbouly-drums-up-investment-interest\/","url_meta":{"origin":585848,"position":3},"title":"THIS MORNING: It\u2019s ECB rate day + Madbouly drums up investment interest","author":"enterpriseam admin","date":"9 June 2022","format":false,"excerpt":"It\u2019s an eerily quiet news day, the likes of which we haven\u2019t seen in what feels like many eons \u2014 and that\u2019s not necessarily a bad thing after the months we\u2019ve had.Also, commutes might get a little easier after next Thursday as public schools will close for the summer. Can\u2019t\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":545192,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/this-evening-annual-urban-inflation-rose-to-highest-since-mid-2019-trade-ministry-bans-exports-of-key-food-commodities-hopes-for-russia-ukraine-ceasefire-dashed\/","url_meta":{"origin":585848,"position":4},"title":"THIS EVENING: Annual urban inflation rose to highest since mid-2019 + Trade Ministry bans exports of key food commodities + Hopes for Russia-Ukraine ceasefire dashed","author":"enterpriseam admin","date":"10 March 2022","format":false,"excerpt":"Happy Thursday, wonderful people. We hope the howling winds and thoroughly brown view from our windows aren\u2019t putting too much of a damper on this final day of the workweek.THE BIG STORIES TODAY Annual urban inflation rose in February to 8.8% \u2014 its highest since mid-2019 \u2014 from 7.3% in\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":580410,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/this-evening-el-sisi-signals-banks-will-secure-fx-for-l-cs-before-the-year-is-out-welcome-to-the-christmas-slowdown\/","url_meta":{"origin":585848,"position":5},"title":"THIS EVENING: El Sisi signals banks will secure FX for L\/Cs before the year is out + Welcome to the Christmas slowdown","author":"enterpriseam admin","date":"26 December 2022","format":false,"excerpt":"Happy Monday, ladies and gents. We\u2019re in that final stretch before we wave goodbye to the new year \u2014 and we\u2019re cautiously going to say the end-of-year news slowdown may finally be making an appearance.THE BIG STORY TODAY Banks to secure FX for letters of credit to help clear import\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\/2022\/12\/783.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/585848","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=585848"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/585848\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/585846"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=585848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=585848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=585848"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=585848"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=585848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}