{"id":592496,"date":"2023-08-07T00:00:00","date_gmt":"2023-08-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/madbouly-in-amman-for-talks-plus-temperatures-set-to-cool-slightly-this-week\/"},"modified":"2023-08-07T00:00:00","modified_gmt":"2023-08-07T00:00:00","slug":"madbouly-in-amman-for-talks-plus-temperatures-set-to-cool-slightly-this-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/madbouly-in-amman-for-talks-plus-temperatures-set-to-cool-slightly-this-week\/","title":{"rendered":"Madbouly in Amman for talks. PLUS: Temperatures set to cool slightly this week"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people, and happy Monday. <\/strong>It\u2019s the kind of slow news day that can only occur in August. Let\u2019s jump right in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>PSA- Cooler days ahead: <\/strong>Temperatures are set to hit highs of (only!) 36\u00b0C in Cairo today and will continue to drop to around 34\u00b0C through the end of the week, Eman Shaker, an official at the Egyptian Meteorological Authority, told Ahmed Moussa as she walked viewers through <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/photo?fbid=665587782266459&set=a.289008423257732\" style=\"\" rel=\"noopener\">this week\u2019s forecast<\/a>(<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=IJb5M5tQxnE\" style=\"\" rel=\"noopener\">watch, runtime: 5:01<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no one BIG STORY driving the agenda here at home this morning. <\/strong>Instead, the news cycle brings us several significant stories, including data showing that Egypt\u2019s foreign reserves ticked up for a tenth consecutive month in July. Elsewhere, reports are that the country is looking to borrow some EGP 20 bn from local banks to help address ongoing energy shortages; and the Zanussi brand could be changing hands as Chinese home appliances conglomerate Midea eyes the local assets that Swiss firm Electrolux wants to offload. Details on all those stories and more below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING TODAY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Madbouly in Amman: <\/strong>Prime Minister Moustafa Madbouly arrived in Amman yesterday at the head of an Egyptian delegation set to hold bilateral talks with Jordanian officials, according to <a target=\"_blank\" href=\"https:\/\/bit.ly\/3OJ94ci\" style=\"\" rel=\"noopener\">a cabinet statement<\/a>. Representatives from the two countries are expected to sign several agreements to boost cooperation during the meetings. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING THIS WEEK- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>On the National Dialogue\u2019s agenda: <\/strong>Closed-door sessions continue this week as the National Dialogue\u2019s specialized committees work on drafting policy recommendations. Yesterday, the committees discussed three potential options for electoral reform, as well as recommendations on a law establishing an anti-discrimination commission and a law regulating the free handling of information. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On Tuesday<\/strong>, the specialized committees will draft recommendations on economic issues including a potential law to impose a ceiling on foreign borrowing and another regulating the performance of cooperatives. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On Thursday<\/strong>, the Dialogue\u2019s committees will finalize recommendations on the family and personal status laws.<\/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 target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">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\"><strong>There\u2019s also no one BIG STORY ABROAD driving the conversation in the foreign <\/strong><strong>press this morning. <\/strong>US outlets are covering the latest in former president Donald Trump\u2019s most recent indictment, for trying to overturn the 2020 election (<a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/nation\/2023\/08\/06\/trump-indictment-two-americans\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/trump-indictment-mystery-where-is-mark-meadows-30e0b575?mod=hp_lead_pos2\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/08\/06\/us\/politics\/trump-lawyer-pence-truth-social.html\" style=\"\" rel=\"noopener\">New York Times<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>AND- Musk is keeping the fight with Zuckerberg alive: <\/strong>Elon Musk <a target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1688091377823895552?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">tweeted<\/a> yesterday that his promised cage fight with Meta\u2019s Mark Zuckerberg will be live streamed on X (FKA Twitter), adding that proceeds will go to \u201ccharity for veterans.\u201d <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/musk-says-fight-with-zuckerberg-will-be-live-streamed-x-2023-08-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-06\/musk-says-cage-fight-with-zuckerberg-will-be-live-streamed-on-x?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> had coverage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Missed this week\u2019s Inside Industry? <\/strong>In our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6744d3a-0573-4965-a6c2-f3f3e1b6cd3a\" style=\"\" rel=\"noopener\">weekly vertical<\/a> exploring all things industry and manufacturing, we profiled chemicals producer TCI Sanmar for our Manufacturer of the Month column, where we get to know an industrial player with a manufacturing base here in Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a><strong>Gold exploration tender deadline reportedly extended:<\/strong> The closing date for state-owned Shalateen Mining Company\u2019s international <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cf657661-8a77-4cbc-835e-e1cc26ef5a58\" style=\"\" rel=\"noopener\">gold exploration tender<\/a> has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/951d1b5b-f0ae-4e05-94c8-2887e80e4689\" style=\"\" rel=\"noopener\">extended<\/a> to November from an earlier 10 August deadline, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3v648feh\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing a government source. The deadline was extended at the request of companies who asked for more time to visit and inspect the auctioned sites. Eight companies have expressed initial interest, including local firms and others hailing from China, Turkey, and Australia, the source said<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The tender invites firms to bid for concessions in five areas of the Eastern Desert managed by the company. Bidding companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7b5bfea5-5c9c-4513-b118-8839caf645e6\" style=\"\" rel=\"noopener\">should<\/a> be producing more than 500k oz of gold a year, have more than 10 mn oz of gold reserves, and have 10 years of experience to qualify. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/951d1b5b-f0ae-4e05-94c8-2887e80e4689\" style=\"\" rel=\"noopener\">Plans<\/a> of a possible deadline extension were first announced last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Enterprise Finance Forum is taking place on 18-19 <\/strong><strong>September at the St. Regis Hotel in Cairo.<\/strong> 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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/finance.enterprise.news\/\" style=\"\" rel=\"noopener\">TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you want to become a commercial partner?<\/strong> Ping a note to <a target=\"_blank\" href=\"mailto:mtaalab@inktankir.com\" style=\"\" rel=\"noopener\">Moustafa Taalab, our head of commercial<\/a>, or fill out <a target=\"_blank\" href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\" rel=\"noopener\">this form<\/a> and we\u2019ll be in touch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LISTEN TO OUR PODCAST-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MISSED THE ENTERPRISE EXPORTS AND FDI FORUM? <\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\" rel=\"noopener\">The Enterprise<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\" rel=\"noopener\">Podcast has you covered<\/a><\/strong><strong>:<\/strong> The Enterprise Podcast\u2019s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,which took place in May. Throughout, we learned lessons from some of Egypt\u2019s biggest exporters on how Egypt can export its way out of a crisis. We heard everything from how to build an exports and FDI strategy, to identifying a foreign partner and tapping into a global supply chain. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WANT TO LISTEN? Head to: <\/strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/industrial-clusters-a-natural-accelerant-for-both\/id1617987136?i=1000622773394\" style=\"\" rel=\"noopener\">Apple Podcast<\/a> | <a target=\"_blank\" href=\"https:\/\/open.spotify.com\/episode\/3w1uEZq5qh4h5GYUkctVrU\" style=\"\" rel=\"noopener\">Spotify<\/a> | <a target=\"_blank\" href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/YmQxZmU5OWUtMGFjMC00YzYwLTkxZjItYjA0ZTAwZDQzODk1?sa=X&ved=0CAUQkfYCahcKEwiQ0ZWy6bSAAxUAAAAAHQAAAAAQAQ\" style=\"\" rel=\"noopener\">Google Podcast<\/a> | <a target=\"_blank\" href=\"https:\/\/play.anghami.com\/episode\/1116856621?adj_t=dgl0aa8_64v1dnl&adj_campaign=ios&adj_adgroup=episode&adj_creative=126401725\" style=\"\" rel=\"noopener\">Anghami<\/a> <strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IT\u2019S THE FINAL EPISODE- <\/strong>Our final panel of the day was, naturally, the most forward looking. Our panelists discussed how the companies \u2014 be they in age-old industries or emerging ones \u2014 have adapted to changes to better position their businesses for an uncertain future. We were joined by <strong>Nadia El Tawil,<\/strong> investment officer at pan-African private equity firm AfricInvest, <strong>Mostafa Bedair<\/strong>, CEO of Giza Seeds and Herbs, and <strong>Abdallah Sallam, <\/strong>CEO of Madinet Masr. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OUR FORUM SERIES CONTINUES NEXT SUNDAY WITH THE ENTERPRISE CLIMATE <\/strong><strong>FORUM- <\/strong>Fresh off the heels of a successful COP27, we held our first forum to dive deep into the fundamentals of what we think is the world\u2019s most important industry. The conversations ranged from exploring the business opportunities for Egyptian entrepreneurs, companies and startups in climate, to demystifying green hydrogen, and how we finance our green transition. And we did it all in the Grand Egyptian Museum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><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\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> Why haven\u2019t international and private schools yet announced their fees for the new academic year?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expect highs of 36\u00b0C in the capital, sliding to 34\u00b0C by the weekend<\/p>\n","protected":false},"author":1,"featured_media":592497,"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":[317,168,6531,72,7093,6821,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-commodities","tag-diplomacy","tag-egypt-jordan-relations","tag-enterpriseam","tag-gold","tag-national-dialogue","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"b11119e8-248f-4cc3-a002-0e8dedfa36fe","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/8\/283.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Madbouly in Amman for talks. PLUS: Temperatures set to cool slightly this week","related_issue":[592494],"teaser":"Expect highs of 36\u00b0C in the capital, sliding to 34\u00b0C by the weekend","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.548cb15d-73ed-45bc-b084-42257a34e95a.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>Madbouly in Amman for talks. PLUS: Temperatures set to cool slightly this week - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/madbouly-in-amman-for-talks-plus-temperatures-set-to-cool-slightly-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madbouly in Amman for talks. 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