{"id":590157,"date":"2023-07-14T00:00:00","date_gmt":"2023-07-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/"},"modified":"2023-07-14T00:00:00","modified_gmt":"2023-07-14T00:00:00","slug":"the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/","title":{"rendered":"The gov\u2019t was working overtime last week + we have a four-day week ahead of us"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, lovely people, and happy FRIDAY. <\/span><span style=\"\">After what felt like a rollercoaster of a <\/span><span style=\"font-weight:400;\">week, we\u2019re very happy to remind you that next week is a shortened workweek, with a long four-day weekend ahead. <\/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- <\/span><span style=\"\">Thursday, 20 July and Sunday, 23 July will be national holidays for the public and <\/span><span>private sector to mark the Islamic New Year and Egypt\u2019s Independence Day, according to a cabinet <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0eEhpnxRAxyUwXXipHuLBzezb6xgogfpxsEA8MqPKoBd6cwqfYM1PCrg7yKNS7HHCl\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. We\u2019ll be keeping our eyes peeled for confirmations from the Central Bank of Egypt and the EGX that the same holidays will apply for the banking sector, and the bourse.<\/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;\">It will be the last long weekend until late September when we down tools for the Prophet Muhammad\u2019s birthday.<\/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\">\u2600\ufe0f<\/span><span style=\"font-weight:700\">THE WEATHER THIS WEEKEND- Get ready for a sizzling weekend<\/span><span style=\"\"> as temperatures <\/span><span>soar to 40\u00b0C today, before dropping to a cooler 24\u00b0C at night. Saturday promises the same heat with the mercury at 40\u00b0C and dipping to 26\u00b0C, our favorite weather app tells us. <\/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\">CALLING ALL PET OWNERS looking to travel and can\u2019t bring your furry friends along: <\/span><span style=\"\">If you\u2019re <\/span><span style=\"font-weight:400;\">traveling for the long weekend \u2014 as you should \u2014 and are a pet owner, chances are you have a real Sophie\u2019s choice on your hands: Limit where you go to place friendly places or scramble to find an accommodation for your pets (or beg the one friend you have to house sit). Naturally, it wouldn\u2019t be much of a vacation if you have to worry about whether your four-legged friend is well taken care of. <\/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\">Well worry no more, dear reader, this week\u2019s Enterprise Guide has you covered. <\/span><span style=\"\">We bring <\/span><span style=\"font-weight:400;\">you our rundown of the most highly rated pet hotels and daycares in Cairo and Sahel, based on pet parents we know and trust. <\/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\">Enterprise Weekend comes out each Friday at 9:00am CLT.<\/span><span style=\"font-weight:400;\"> We\u2019ll be back on Sunday at 6am with EnterpriseAM. Until then: Enjoy the weekend.<\/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=\"\"> <\/span><span style=\"font-weight:700\">LAST WEEK IN 3 MINS-<\/span><span style=\"font-weight:700\"> It was a momentous week on all fronts<\/span><span style=\"\">, with big milestones <\/span><span style=\"font-weight:400;\">reached for the state privatization program, the House approving a batch of bills before going on recess, and the maiden EGX listing of 2023.<\/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;\">PRIVATIZATION WATCH-<\/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\">#1- A big week for the state privatization program: <\/span><span style=\"\">The government has so far signed <\/span><span>agreements worth USD 1.9 bn to sell state-owned assets under its privatization program, Prime Minister Mostafa Madbouly <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f59098e-47ac-42cc-964c-b84096549959\" style=\"\">announced at a press conference on Tuesday<\/a><\/span><span>. The proceeds raised from transactions in 2023 come from the sale of stakes in five companies, which brought in some USD 1.65 bn in FX, while the remainder was received in EGP. <\/span><span style=\"font-weight:700;\">The breakdown: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">ADQ to the rescue: <\/span><span style=\"\">Abu Dhabi sovereign wealth fund ADQ acquired 25-30% stakes in Egyptian <\/span><span style=\"font-weight:400;\">Ethylene and Derivatives Company (Ethydco), Egyptian Linear Alkyl Benzene (Elab), and Egyptian Drilling Company (EDC) for USD 800 mn;<\/span><\/li>\n<li><span>A group of Talaat Moustafa Group subsidiary Icon Investments together with unnamed foreign investors invested <\/span><span style=\"font-weight:700\">USD 700 mn in a government holding company for hotels<\/span><span style=\"font-weight:400;\"> via a capital increase, handing them a 37% stake; <\/span><\/li>\n<li><span>And the <\/span><span style=\"font-weight:700\">government divested its entire 31% stake in Ezz Steel subsidiary Al Ezz Dekheila<\/span><span style=\"font-weight:400;\"> for USD 241 mn in a move that will lead to the company delisting from the EGX. <\/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\">What\u2019s next?<\/span><span style=\"\"> We\u2019re now on the lookout for additional transaction announcements from the <\/span><span>government worth an additional USD 1 bn. Upcoming transactions will likely be seeing Gabal El Zeit wind farm sold to Actis, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c85167d-b810-4227-af8a-6b615716e368\" style=\"\">according to our sources<\/a><\/span><span>. Military-owned Wataniya, a Siemens power plant and several water desalination plants are also in the pipeline, along with El Mostakbal Urban Development (Midar), in which the Sovereign Fund of Egypt is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14127d68-b28c-4df3-975c-65c3346d35d8\" style=\"\">set to be offering a 25-30% stake<\/a><\/span><span style=\"font-weight:400;\"> to a strategic investor after recently adding the company to its pre-IPO fund.<\/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;\">IPO WATCH-<\/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\">#1- Taqa Arabia had an eventful EGX debut: <\/span><span style=\"\">Taqa Arabia made a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2a28f82a-3fe9-4dbb-8016-6274c2c510e3\" style=\"\">successful (second) EGX<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2a28f82a-3fe9-4dbb-8016-6274c2c510e3\" style=\"\">debut<\/a><\/span><span style=\"font-weight:400;\"> on Tuesday that saw the company\u2019s shares close at EGP 20.00 a share \u2014 some 125% higher than the EGP 8.90 price at which shares were valued ahead of the listing \u2014 with trading during the day worth a combined EGP 15.7 mn.<\/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\">Taqa Arabia\u2019s first attempt at an EGX debut earlier in the week got off to a chaotic start <\/span><span style=\"\">as <\/span><span>its shares closed <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41d67e8b-4427-475c-b038-6a7b19bbba31\" style=\"\">up more than 83,000%<\/a><\/span><span>,<\/span><span> reportedly on the back of several trades that were executed at between EGP 380 and EGP 500, triggering the surge in the company\u2019s share price. The EGX <\/span><span style=\"font-weight:400;\">eventually canceled all of the day\u2019s transactions in Taqa shares (except for a single transaction involving the sale of EGP 3.7 bn worth of shares by the company\u2019s largest shareholder) and to offer the company another go.<\/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;\">ON THE LEGISLATIVE FRONT-<\/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 House of Representatives got busy in the final sessions before its summer recess. <\/span><span style=\"font-weight:400;\">Highlights included:<\/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\">MPs gave <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/936b39e5-5bac-4b19-a3f6-1931538ced39\" style=\"\">their final approval<\/a><\/span><span style=\"font-weight:700\">on two key pieces of legislation that aim to level the playing <\/span><span style=\"font-weight:700\">field for the private sector<\/span><span> and attract more foreign investment, including amendments to the Investment Act that expand the incentives made available to private sector companies, and a bill that will eliminate <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fcd90ef5-04cc-44fd-9806-4df86804f8b2\" style=\"\">tax exemptions<\/a><\/span><span> currently granted to state-owned entities. They <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/349b1ab0-9cc4-4932-9454-cf9abaf2b3de\" style=\"\">also gave their final approval<\/a><\/span><span style=\"font-weight:400;\"> on two bills allowing for the USD 565 mn redevelopment of the East Port Said port. <\/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\">Head to our <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3876fc9-5cd4-424a-b98d-659dd3d67aed\" style=\"\">recap<\/a><\/span><span style=\"font-weight:700;\"> for more on the key bills the House passed since last October. <\/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 FRA came out with long-called for <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/ent.news\/2023\/7\/508.pdf\" style=\"\">updated regulations (pdf)<\/a><\/span><span style=\"font-weight:700\"> to the Fintech Act<\/span><span style=\"\"> that <\/span><span>flesh out licensing requirements for fintech providers looking to get licensed by the regulator. <\/span><span>The <\/span><span>regulations <\/span><span>clarify the requirements of licensing and standardize them to replace the previous system, where licenses were assessed on a case-by-case basis. They also provide further protections for consumers<\/span><span style=\"font-family:\" times=\"\" new=\"\" roman\";font-weight:400\"=\"\">. <\/span><span>Look for more in-depth coverage from us on this on Sunday. <\/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;\">ON THE MACRO FRONT-<\/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\">#1- Inflation hit record high in June: <\/span><span style=\"\">Inflation <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/869177c8-d101-4ffe-8c4e-f1c09a8c20bc\" style=\"\">accelerated in June<\/a><\/span><span style=\"\">,<\/span><span style=\"\"> with annual urban inflation <\/span><span>reaching 35.7% y-o-y during the month, up from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/45243304-a209-49cc-a046-caa6d769cb01\" style=\"\">32.7% in May<\/a><\/span><span style=\"font-weight:400;\">. Behind the uptick is successive currency devaluations combined with higher seasonal demand that has sent food prices soaring. <\/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\">#2- A first look at FY 2022-2023 economic performance: <\/span><span style=\"\">The country\u2019s budget deficit came <\/span><span style=\"\">in lower than expected, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6177f96a-174f-49f5-8453-84604d883121\" style=\"\">widening<\/a><\/span><span> to 6.2% by the end of the fiscal year 2022-2023, up from 6.1% a year before. The Finance Ministry had been expecting the deficit to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3ab6ab6-4c7d-4e04-a322-4b5b202f592a\" style=\"\">come in at 6.4%<\/a><\/span><span>. Meanwhile, our primary surplus came in higher than expected at 1.6% (EGP 157 bn) during the fiscal year, up from 1.3% a year earlier. The government had been expecting the primary surplus to inch up to 1.5% in FY 2022-2023.<\/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- The Madbouly government is looking to secure some USD 3 bn in financing from <\/span><span style=\"font-weight:700\">bond issuances <\/span><span>through the end of the year, Finance Minister Mohamed Maait said on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6177f96a-174f-49f5-8453-84604d883121\" style=\"\">Tuesday<\/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\">#4- Egypt\u2019s oil and gas exports fell more than 50%<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/726a6161-ecf3-4502-9f8d-e86760a02758\" style=\"\">y-o-y in the first four months of 2023<\/a><\/span><span style=\"\">. <\/span><span style=\"font-weight:400;\">Declining natural gas revenues were the biggest contributor to the dip.<\/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\u2019S HAPPENING NEXT WEEK-<\/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\"> FinMin\u2019s next subsidies\u2019 payout is coming:<\/span><span style=\"\"> The disbursement of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/1b31380d-cdb7-4ed6-9999-c760b17fac1d\" style=\"\">second<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/1b31380d-cdb7-4ed6-9999-c760b17fac1d\" style=\"\">tranche of the<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/1b31380d-cdb7-4ed6-9999-c760b17fac1d\" style=\"\">export subsidies will be paid out<\/a><\/span><span style=\"font-weight:400;\"> on 19-20 July as the government wraps up the sixth phase of its subsidy program. FinMin has disbursed EGP 7.5 bn to approximately 750 exporters as part of the first tranche of payouts, and the final payout is slated for 2-3 August. The ministry paid EGP 42 bn to exporters from the program's inception back in 2019.<\/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\">Beltone to wrap its capital increase: <\/span><span style=\"\">Beltone\u2019s sizable capital increase of EGP 10 bn was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/1b31380d-cdb7-4ed6-9999-c760b17fac1d\" style=\"\">98%<\/a><\/span><span> covered<\/span><span style=\"font-weight:400;\"> as of Tuesday, which marked the end of its first phase. 4.89 mn shares from the 5 mn offered have been already accounted for. The next stage of the capital increase began yesterday and will proceed until Monday.<\/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.news\/egypt\/en\/news\/edition\/am\/c800937c-c8e5-4a79-a325-e107ad33240c\" 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;\">YOUR MOST CLICKED LINKS-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Taqa\u2019s successful EGX debut this week <\/span><span style=\"\">\u2014 along with the chaotic first attempt on <\/span><span>Monday<\/span><span>\u2014 got a lot of attention. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/7\/300.png\" style=\"\">Filing, pdf<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f74bc612-225d-46ed-b938-e05bf7e980bf\" style=\"\">Enterprise<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Tarek El Gammal, the new chief financial officer at Qalaa Holding<\/span><span style=\"\"> \u2014 Taqa\u2019s parent <\/span><span>company \u2014 also got a lot of interest. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/tarek-el-gammal-bbb738\/?originalSubdomain=eg\" style=\"\">LinkedIn<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"font-weight:700\">News of the increase in our net foreign reserves <\/span><span style=\"\">for the ninth consecutive month in <\/span><span>June got plenty of clicks. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cbe.org.eg\/en\/news-publications\/news\/2023\/07\/06\/15\/28\/net-international-reserves-at-the-end-of-june-2023\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Some of you also needed a refresher on <\/span><span style=\"font-weight:700\">amendments to the Investment Act <\/span><span style=\"\">aiming <\/span><span>to support the private sector and boost the FDI, after the House of Representatives\u2019 gave them their final approval last week. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c42300ba-c8d0-46a8-9163-74d189a26690\" style=\"\">Enterprise<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Prime Minister Moustafa Madbouly\u2019s presser on Tuesday announcing the latest <\/span><span style=\"font-weight:700\">updates on the state privatization program<\/span><span> also captured plenty of interest. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=RW3rCAVWjsY\" style=\"\">watch, runtime: 1:10:14<\/a><\/span><span style=\"font-weight:400;\">) <\/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\">ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things.<\/span><span style=\"font-weight:400;\"> We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of &gt;250k daily readers by telling stories that matter.<\/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\">NEVER WORKED IN A NEWSROOM BEFORE?<\/span><span style=\"font-weight:400;\"> We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.<\/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\">Not an internship program \u2014 a career:<\/span><span style=\"font-weight:400;\"> The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists on subject matter knowledge, while also working on constructing and filing Enterprise stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.<\/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\">Apply directly to jobs@enterprisemea.com and mention \u201cwriting development program\u201d<\/span><span style=\"font-weight:400;\"> in your subject line!<\/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;\">AROUND THE WORLD IN SEVEN DAYS- <\/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;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/539.jpg?ssl=1\"><\/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\">Resistance towards Ukraine\u2019s NATO membership dominated international headlines <\/span><span style=\"font-weight:700\">during the week. <\/span><span>As member states met in Vilnius, Lithuania, Ukraine was handed <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/pm\/785873ac-7787-4ee7-bf56-8b18d7974ad7\" style=\"\">an invitation in the form of a speech, instead of a full membership<\/a><\/span><span>. Ukrainian President Volodymyr Zelensky reacted in frustration to the delay and to no timeline being shared. Nevertheless, Kyiv <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/1b31380d-cdb7-4ed6-9999-c760b17fac1d\" style=\"\">acquired security assurances from the US and other allies<\/a><\/span><span style=\"font-weight:400;\"> as the conflict between Russia and Ukraine continues. <\/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 was a better turnout for Sweden<\/span><span>, which finally <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8e9bae5-da94-4bfe-8b06-2e10bfc25d6f\" style=\"\">got<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8e9bae5-da94-4bfe-8b06-2e10bfc25d6f\" style=\"\">Turkey\u2019s blessing<\/a><\/span><span style=\"font-weight:400;\"> to join the alliance. <\/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 GETTING ATTENTION- Meta\u2019s Twitter lookalike Threads <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8e9bae5-da94-4bfe-8b06-2e10bfc25d6f\" style=\"\">took the world by storm<\/a><\/span><span style=\"\">, <\/span><span style=\"font-weight:400;\">accumulating over 100 mn sign ups as of Tuesday, in just five days after its launch. This makes it the fastest online platform to hit that record. <\/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\">AND- Fears over Sudan\u2019s ongoing conflict continued: <\/span><span style=\"\">The UN <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/pm\/9b9805a6-74f4-4b03-a940-0362bb44483c\" style=\"\">shared concerns<\/a><\/span><span style=\"\"> that the <\/span><span style=\"font-weight:400;\">situation in the African nation is deteriorating at an exponential rate as fighting grew in Khartoum. The clashes between Al Burhan and Hemedti was cited as a threat to the stability of the region. <\/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;\">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:400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"><\/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 Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. <\/span><span style=\"font-weight:400;\">This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/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\">Day one is our Banking Forum<\/span><span style=\"font-weight:400;\">, where we\u2019ll dive deep into topics of interest to commercial and investment bankers, from an outlook on the 12 months to come in M&amp;A, IPO, and debt capital markets to the national, regional, and global trends that are (re)shaping our industry. <\/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\">Day two is all about Fintech and Non-Banking Financial Services. <\/span><span style=\"font-weight:400;\">We\u2019ll take a deep dive into everything from the magic of client acquisition to the prospects of consolidation and the coming of challenger banks.<\/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\">** NEW: MORE NETWORKING TIME- <\/span><span style=\"font-weight:400;\">Our agenda includes expanded networking time, including an expanded coffee break and a post-event networking room for you to interact with your peers and speak one-on-one with the team at Enterprise.<\/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:\/\/finance.enterprise.news\/\" style=\"\">TAP OR CLICK HERE<\/a><\/span><span style=\"font-weight:700\"> if you want to express interest in attending. <\/span><span style=\"font-weight:400;\">We\u2019ll be sending out the first batch of invitations soon. <\/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\">Do you 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 Taalab, our head of commercial<\/a><\/span><span> or <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\">fill out this form<\/a><\/span><span> and we\u2019ll be in touch. <\/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=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.instagram.com\/reel\/CuHq6GigZwk\/?utm_source=ig_web_copy_link&amp;igshid=MzRlODBiNWFlZA%3D%3D\" style=\"\">Amr Diab<\/a><\/span><span style=\"font-weight:700\"> is coming to Sahel (again):<\/span><span style=\"\"> When the light fades and the sun goes down, head to <\/span><span>SOL Beach Bar at Marassi to attend Amr Diab\u2019s sunset party. The party will begin at 7pm. Tickets are available on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-vodafone-amr-diab-concert-14-july-2023-marassi-north-coast-north-coast-11053.html\" style=\"\">TicketsMarche<\/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\">Mahmoud Saad will host movie star Karim AbdelAziz in a new installation of the <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.instagram.com\/p\/Ct64CkDxtjE\/?utm_source=ig_web_copy_link&amp;igshid=MzRlODBiNWFlZA%3D%3D\" style=\"\">SoldOut<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.instagram.com\/p\/Ct64CkDxtjE\/?utm_source=ig_web_copy_link&amp;igshid=MzRlODBiNWFlZA%3D%3D\" style=\"\">live interviews<\/a><\/span><span style=\"font-weight:700\"> series<\/span><span> at 8:30pm. The live interview will be held at Ewart Hall at AUC\u2019s Tahrir campus. You can book your ticket from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tazkarti.com\/#\/e\/95\" style=\"\">Tazkarti<\/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\">If you are in Cairo this weekend<\/span><span>, catch the play <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-charlie-14-july-2023-movenpick-hotel-giza-11059.html\" style=\"\">Charlie<\/a><\/span><span>tonight at 9pm at the Movenpick Media City in Cairo<\/span><span>. You can get your tickets on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-charlie-14-july-2023-movenpick-hotel-giza-11059.html\" style=\"\">Ticketsmarche<\/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\">Get your shaabi on with Abdel Baset Hamouda<\/span><span>,<\/span><span> who will be performing at the ElSawy Culturewheel <\/span><span>tomorrow<\/span><span> starting from 8pm and finishing off at 10pm. Put on your dancing shoes and get your ticket <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.culturewheel.com\/en\/events\/vYJ1ll81Lm\" style=\"\">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\">HAPPENING NEXT 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\">Start your weekend with Muslim\u2019s concert next Thursday<\/span><span style=\"font-weight:700\">.<\/span><span> The concert starts at 8pm and finishes at 10pm at ElSawy Culturewheel, and tickets are available <\/span><span>on their <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.culturewheel.com\/en\/events\/v6bk6qgD3L\" style=\"\">website<\/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\">Sharmoofers, Shaheen and El Walili x Alexandria:<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CuHxJjTthZR\/\" style=\"\">Sharmoofers<\/a><\/span><span style=\"\"> will be on stage with the<\/span><span> rap star Shaheen and the music producer El Waili at Al Ittihad Alex Club, Smoha branch next Thursday, 20 July. Doors will open at 4pm. Get your tickets through <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ticketsmall.com\/events\/ed73c028bf284db2b8af857906e62298?accNo=400000012862\" style=\"\">TicketsMall<\/a><\/span><span> 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\">Get ready for the New Alamein Festival 2023: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/Cubes_yt7WT\/\" style=\"\">Tamer Hosny<\/a><\/span><span style=\"\"> will be performing as a part of the El Alamein Festival\u2019s first concert <\/span><span>at <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/goo.gl\/maps\/kMF5hQH6vHwBAgRn6\" style=\"\">El Alamein Arena<\/a><\/span><span> on Friday, 21 July at 8pm. You can book your tickets today on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tazkarti.com\/#\/e\/101\" style=\"\">Tazkarti<\/a><\/span><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\">Check out our full Enterprise Entertainment calendar<\/span><span> below<\/span><span> for a comprehensive listing of upcoming events and national holidays.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, lovely people, and happy FRIDAY. After what felt like a rollercoaster of a week, we\u2019re very happy to remind you that next week is a shortened workweek, with a long four-day weekend ahead. REMEMBER- Thursday, 20 July and Sunday, 23 July will be national holidays for the public and private sector to mark [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":590158,"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":[7287],"tags":[88,101,104,6653,182,187,67,6654],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-week-in-review","tag-debt-watch","tag-development-finance","tag-economy","tag-enterprise-weekend","tag-inflation","tag-legislation-watch","tag-privatization","tag-the-week-in-review","wpautop","entry"],"acf":{"mongo_id":"4490e125-b0ef-45d7-a5e1-c8a030c2be0d","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/7\/533.jpg","photo_position":"above","homepage_title":"","full_issue_title":"The gov\u2019t was working overtime last week + we have a four-day week ahead of us","related_issue":[590155],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.50b2f6f4-97dd-4b69-ae33-bed2c59b9bd2.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>The gov\u2019t was working overtime last week + we have a four-day week ahead of us - 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\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The gov\u2019t was working overtime last week + we have a four-day week ahead of us\" \/>\n<meta property=\"og:description\" content=\"Good morning, lovely people, and happy FRIDAY. After what felt like a rollercoaster of a week, we\u2019re very happy to remind you that next week is a shortened workweek, with a long four-day weekend ahead. REMEMBER- Thursday, 20 July and Sunday, 23 July will be national holidays for the public and private sector to mark [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1\" \/>\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=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The gov\u2019t was working overtime last week + we have a four-day week ahead of us\",\"datePublished\":\"2023-07-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/\"},\"wordCount\":2335,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt watch\",\"development finance\",\"economy\",\"Enterprise Weekend\",\"inflation\",\"Legislation Watch\",\"Privatization\",\"THE WEEK IN REVIEW\"],\"articleSection\":[\"THE WEEK IN REVIEW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/\",\"name\":\"The gov\u2019t was working overtime last week + we have a four-day week ahead of us - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-07-14T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The gov\u2019t was working overtime last week + we have a four-day week ahead of us\"}]},{\"@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":"The gov\u2019t was working overtime last week + we have a four-day week ahead of us - 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\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/","og_locale":"en_US","og_type":"article","og_title":"The gov\u2019t was working overtime last week + we have a four-day week ahead of us","og_description":"Good morning, lovely people, and happy FRIDAY. After what felt like a rollercoaster of a week, we\u2019re very happy to remind you that next week is a shortened workweek, with a long four-day weekend ahead. REMEMBER- Thursday, 20 July and Sunday, 23 July will be national holidays for the public and private sector to mark [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-07-14T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"12 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"The gov\u2019t was working overtime last week + we have a four-day week ahead of us","datePublished":"2023-07-14T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/"},"wordCount":2335,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1","keywords":["debt watch","development finance","economy","Enterprise Weekend","inflation","Legislation Watch","Privatization","THE WEEK IN REVIEW"],"articleSection":["THE WEEK IN REVIEW"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/","name":"The gov\u2019t was working overtime last week + we have a four-day week ahead of us - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1","datePublished":"2023-07-14T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/14\/the-govt-was-working-overtime-last-week-we-have-a-four-day-week-ahead-of-us\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"The gov\u2019t was working overtime last week + we have a four-day week ahead of us"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/533.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":626837,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/12\/what-were-tracking-this-week-and-beyond-115\/","url_meta":{"origin":590157,"position":0},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"12 July 2018","format":false,"excerpt":"Items that should be on your corporate and risk calendars: LEGISLATION WATCH- The Public Contracts Act could be up for discussion before the House general assembly this coming Monday, House Rep. Sylvia Nabil tells Al Mal. The House\u2019s Budget Committee expects to put its final touches on the bill on\u2026","rel":"","context":"In &quot;Up Next&quot;","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626953,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/16\/what-were-tracking-this-week-and-beyond-117\/","url_meta":{"origin":590157,"position":1},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"16 July 2018","format":false,"excerpt":"Long weekend coming up, if you want to bridge: Monday, 23 July is a national holiday in observance of Revolution Day. Expect half the nation\u2019s workforce to try to cadge a four-day weekend. President Abdel Fattah El Sisi will reportedly unveil a new education program this month. It is unclear\u2026","rel":"","context":"In &quot;Up Next&quot;","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626785,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/what-were-tracking-this-week-and-beyond-114\/","url_meta":{"origin":590157,"position":2},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"11 July 2018","format":false,"excerpt":"Items that should be on your corporate and risk calendars: You have an opportunity to sneak in a long weekend: Monday, 23 July is a national holiday in observance of Revolution Day. Expect half the nation\u2019s workforce to try to \u201cbridge\u201d the Sunday and get a three-day weekend. Also: President\u2026","rel":"","context":"In &quot;Up Next&quot;","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627055,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/what-were-tracking-this-week-and-beyond-119\/","url_meta":{"origin":590157,"position":3},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"18 July 2018","format":false,"excerpt":"President Abdel Fattah El Sisi will inaugurate the three Siemens combined-cycle power plants next Tuesday, according to government sources. The fully-commissioned plants in Burullus, Beni Suef, and the new administrative capital will have a combined production capacity of 14.4 GW. The Electricity Ministry had reportedly settled on Siemens to also\u2026","rel":"","context":"In &quot;Up Next&quot;","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645217,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/what-were-tracking-on-16-july-2017\/","url_meta":{"origin":590157,"position":4},"title":"What we\u2019re tracking on 16 July 2017","author":"enterpriseam admin","date":"16 July 2017","format":false,"excerpt":"Happy Sunday morning. We hope you had as relaxing a weekend as we did. Depending on how you see things, there are seven more weekends left in summer. Oh, and be ready for a long weekend this coming weekend as we observe the 23 July Revolution a week from 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":629680,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/05\/a-week-of-politics\/","url_meta":{"origin":590157,"position":5},"title":"A week of politics","author":"enterpriseam admin","date":"5 July 2024","format":false,"excerpt":"Good morning, friends, and happy Friday. We hope you have a restful weekend ahead of a shortened workweek: As you know, next Thursday is a national holiday in observance of the Islamic New Year.You might be \u2014 like us \u2014 saving your next beach trip for the long weekend next\u2026","rel":"","context":"In &quot;THE WEEK IN REVIEW&quot;","block_context":{"text":"THE WEEK IN REVIEW","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-week-in-review\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/370.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\/590157","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=590157"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590157\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/weekend\/590155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590158"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590157"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590157"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}