{"id":613410,"date":"2024-01-15T00:00:00","date_gmt":"2024-01-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/"},"modified":"2024-01-15T00:00:00","modified_gmt":"2024-01-15T00:00:00","slug":"a-big-announcement-from-the-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/","title":{"rendered":"A big announcement from the UAE"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Welcome ladies and gentlemen to an unusually quiet news day this morning. <\/strong>It seems that everyone might already be in Davos for the World Economic Forum set to kick off later today, because it's mostly crickets in the business and finance news in Egypt this morning. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But worry not, we\u2019ve got news<\/strong> from Beltone about a new gold investment fund, rumors of Chevron getting ready to start gas production from its offshore Nargis field in 2025, a rundown of the government\u2019s new education targets for President Addel Fattah El Sisi\u2019s third term, and a look at why Prime Minister Moustafa Madbouly has been visiting so many manufacturers of late.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>And we\u2019ve also got some big news for you straight from Enterprise HQ \u2014 It\u2019s launch <\/strong><strong>morning for EnterpriseAM UAE. <\/strong>Think of it as the UAE analogue to your morning read in Egypt \u2014 your essential report on business, finance, the economy, and regulation in one of the world\u2019s most vibrant and exciting economies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is produced in the United Arab Emirates<\/strong> and in Egypt by the same team that brings you EnterpriseAM and EnterprisePM in Egypt as well as our MENA industry reports, Enterprise Climate and Enterprise Logistics. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Stay tuned for the launch later this month of EnterpriseAM KSA. <\/strong><a target=\"_blank\" href=\"https:\/\/ksaform.enterprise.news\/\" style=\"\" rel=\"noopener\">You can tap or click here<\/a> if you\u2019d like to be added to our list for launch day.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\">\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- FinMin eyes possible local-currency bond sales in BRICS countries:<\/strong> Egypt could issuebonds in the local currencies of New Development Bank (NDB) member countries, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0o51FBeLhkaxXCj8kRAQZ7xTBSMqve6MkseTqnvDnyBxaV3SZwcSd47EYdvcH2GWMl\" style=\"\" rel=\"noopener\">statement<\/a> from Finance Minister Mohamed Maait. Founded by Brazil, Russia, India, China, and South Africa (BRICS), the NDB expanded to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7b8e96b-ec30-4ce0-9344-4f250f112875\" style=\"\" rel=\"noopener\">include Egypt in April 2023<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Egypt is planning to make an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/531e2aa1-9b1f-438f-becc-54db56b73c1a\" style=\"\" rel=\"noopener\">INR-denominated issuance<\/a> in India in 2024, Maaittold local media last month. The Finance Ministry closed sales last fall in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/24a3b396-64fe-4ac7-8fd7-c6da54bdcb5a\" style=\"\" rel=\"noopener\">China<\/a> (CNY 3.5 bn) and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce19e583-ed68-49db-9e75-f748b4f180ed\" style=\"\" rel=\"noopener\">Japan<\/a> (JPY 75 bn) after effectively being boxed out of the market for USD-denominated bonds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>#2- USD 6 bn worth of green projects in the pipeline:<\/strong> The government has received several applications from Gulf and foreign investors to get golden licenses for green energy projects worth over USD 6 bn, the General Authority for Investment and Freezones head Hossam Heiba told <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/e94ee2wy\" style=\"\" rel=\"noopener\">Asharq<\/a><a target=\"_blank\" href=\"http:\/\/tinyurl.com\/e94ee2wy\" style=\"\" rel=\"noopener\">Business<\/a>. Heiba named Gulf-European, Chinese, and Indian consortiums among the applicants, who are each set to invest around USD 2 bn to set up renewable energy projects here. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> It\u2019s day one of Davos<\/strong> as the 54th annual meeting of the <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\" rel=\"noopener\">World Economic Forum<\/a> gets ready to kick off later today under the theme of \u201crebuilding trust.\u201d Today\u2019s official launch is pretty light on meetings, but the heavier sessions will get properly underway starting tomorrow through Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We're yet to hear who will be jetting off from Egypt to represent us<\/strong> and join the 300+ public figures, 60+ heads of states, and 800+ of the world\u2019s top CEOs for the forum. Political, business, finance, and development heavyweights who have already confirmed they will participate include UN General Secretary Antonio Guterres, IMF Managing Director Kristalina Georgieva, World Bank President Ajay Banga, U.S. Secretary of State Anthony Blinken, and many <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/agenda\/2023\/12\/davos-2024-what-to-expect-and-whos-coming\/\" style=\"\" rel=\"noopener\">more<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** You can check out the forum\u2019s official teaser agenda <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong> or delve deep into the full<\/strong><strong> programme <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/programme\/\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY HERE AT HOME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Salah to the rescue with a penalty in the 97th minute:<\/strong> Mohamed Salah has emerged as Egypt\u2019s savior during the country\u2019s opening match at Afcon 2024, clinching a last-gasp 2-2 draw from the jaws of defeat against Mozambique with a nerve-racking penalty kick in stoppage time. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/soccer\/salah-rescues-point-egypt-with-late-penalty-against-mozambique-2024-01-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE US ELECTION IS OFFICIALLY UPON US- Candidates for the Republican presidential <\/strong><strong>nomination are urging supporters to turn out for the party\u2019s first nominating contest today despite bone-chilling cold <\/strong>as an Arctic front moves across the United States, with some 110 mn people under wind-chill warnings this morning. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Iowa caucuses are the first party-level contests<\/strong> that will determine the two candidates who face off in the fall election.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Former President Donald Trump looks set to come out on top in the caucuses<\/strong>, with a key poll on Saturday night giving him the support of 48% of all caucus-goers. Former diplomat Nikki Haley is second with 20%, edging out Florida Governor Ron Desantis with 16%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The news is everywhere in the global business press<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1ffccb76-f28c-4f18-a1bb-9bcd54b43317\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/iowa-caucus-republican-candidates-campaign-13a7fff8\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/republicans-battle-cold-iowa-with-big-poll-setting-tone-2024-01-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a>). Follow <a target=\"_blank\" href=\"https:\/\/www.politico.com\/\" style=\"\" rel=\"noopener\">Politico<\/a>, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/\" style=\"\" rel=\"noopener\">Axios<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/01\/14\/us\/presidential-election-iowa-caucus\" style=\"\" rel=\"noopener\">New York Times\u2019 liveblog<\/a> for daylong coverage if that\u2019s your thing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sound smart:<\/strong> Pundits think that while Trump will take Iowa, Haley is showing momentum and could put in a <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/iowa-caucus-republican-candidates-campaign-13a7fff8\" style=\"\" rel=\"noopener\">strong showing in New Hampshire<\/a>, where the Republican primary takes place on 23 January. It\u2019s an open question, though, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/30e759e8-e2c9-41ff-a9ba-0ff401a04107\" style=\"\" rel=\"noopener\">whether any Republican challenger has what it takes to beat Trump<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/container-rates-soar-concerns-prolonged-red-sea-disruption-2024-01-12\/\" style=\"\" rel=\"noopener\">Ikea, Volvo<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/technology\/2024\/jan\/12\/tesla-pauses-german-production-because-of-red-sea-shipping-attacks\" style=\"\" rel=\"noopener\">Tesla<\/a><\/strong><strong> are among the European manufacturers forecasting <\/strong><strong>shortages of goods <\/strong>amid the ongoing disruption of shipping through the Red Sea.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>Six pro-Palestinian activists have been arrested in the UK after <strong>plotting to disrupt <\/strong><strong>trading at the London Stock Exchange<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ce0b50bd-01ff-4f4b-b6ad-05a4455c5911\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN THE HOUSE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>It\u2019s set to be a busy day today for committee hearings: <\/strong>The <strong>Economic Affairs Committee <\/strong>will pose questions about the Supply Ministry\u2019s role in supervising retail markets, controlling prices and addressing sugar shortages. The<strong> SMEs Committee<\/strong> is set to discuss the Planning Ministry\u2019s role in supporting SMEs, while the <strong>Health Committee<\/strong> is set for a hearing on soaring pharma price tags. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>MPs will will discuss and vote on amendments to the Criminal Procedures Code to allow citizens to file appeals before courts more smoothly.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Approved in the House <\/strong><strong>yesterday:<\/strong> MPs passed a draft bill to establish a new authority tasked with investing and\/or disposing of confiscated funds and assets and approved amendments to ensure only qualified and experienced members of the police officers are appointed to senior posts.<\/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\">\n<p class=\"tag-border-left\">SIGN OF THE TIMES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private Equity firms need to go back to basics<\/strong><strong>:<\/strong>Private equity firms will need to seek a different modus operandi amid a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f88cd5a0-3ede-49cc-99ce-2d2614357335\" style=\"\" rel=\"noopener\">high-interest rate environment<\/a> as they can no longer rely on inexpensive debt to drive acquisitions, Marc Nachmann, global head of asset and wealth management at Goldman Sachs, told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/508534b8-830a-496c-aef8-73ad07e5d654\" style=\"\" rel=\"noopener\">Financial Times<\/a>. Instead, private equity will have to go back to the old days of sourcing good contracts and making operational improvements to drive returns.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#1- Ca<\/strong><strong>n AI predict where local commodity prices will go next? <\/strong>The government islooking to use AI as part of a larger early warning system that monitors markets with a specific focus on the price of commodities, the cabinet said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0RKJNCzFLTVxanvL7JtFYajVHMpDHav6aKHpXDpvSh9op5b3D1ec8jSRec8PUa4dRl\" style=\"\" rel=\"noopener\">statement<\/a>. The government will set up price indices that will then be used by AI to predict price fluctuations before they happen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #2<\/strong><strong>- <\/strong><strong>Being kicked out of JP Morgan\u2019s gov\u2019t bond indices might not be as bad as<\/strong><strong> we thought: <\/strong>Egypt being taken out of JP Morgan Chase\u2019s Government Bond Index-Emerging Markets will have a \u201climited impact\u201d on the economy because foreigner investors only hold around EGP 12.7 bn worth of EGP-denominated bonds, Jefferies International MENA analyst Alia Moubayed told Al Arabiya in an interview (<a target=\"_blank\" href=\"http:\/\/tinyurl.com\/47fwxv68\" style=\"\" rel=\"noopener\">watch, runtime: 2:36<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong>Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing, we broke down the government\u2019s plans to develop Egypt\u2019s manufacturing activity during President Abdel Fattah El Sisi\u2019s third presidential term. You can check out the story in our PM edition <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/18370d5b-54f3-4fc7-9850-dc2211d8f278\" style=\"\" rel=\"noopener\">here<\/a>.<\/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> We take a deep dive into Egypt\u2019s planned education investments and targets for President Abdel Fattah El Sisi\u2019s third term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome ladies and gentlemen to an unusually quiet news day this morning. It seems that everyone might already be in Davos for the World Economic Forum set to kick off later today, because it's mostly crickets in the business and finance news in Egypt this morning. But worry not, we\u2019ve got news from Beltone about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":613411,"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":[72,90,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-613410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"b66177f4-97ff-48f9-bd2f-228d34b14fe0","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/1\/922.jpg","photo_position":"above","homepage_title":"","full_issue_title":"A big announcement from the UAE","related_issue":[613408],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.cf49cada-ebed-4e12-a8c6-1e7a0df8864d.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>A big announcement from the UAE - 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\/2024\/01\/15\/a-big-announcement-from-the-uae\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A big announcement from the UAE\" \/>\n<meta property=\"og:description\" content=\"Welcome ladies and gentlemen to an unusually quiet news day this morning. It seems that everyone might already be in Davos for the World Economic Forum set to kick off later today, because it&#039;s mostly crickets in the business and finance news in Egypt this morning. But worry not, we\u2019ve got news from Beltone about [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-15T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.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=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"A big announcement from the UAE\",\"datePublished\":\"2024-01-15T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/\"},\"wordCount\":1322,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"UAE\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/\",\"name\":\"A big announcement from the UAE - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-01-15T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A big announcement from the UAE\"}]},{\"@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":"A big announcement from the UAE - 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\/2024\/01\/15\/a-big-announcement-from-the-uae\/","og_locale":"en_US","og_type":"article","og_title":"A big announcement from the UAE","og_description":"Welcome ladies and gentlemen to an unusually quiet news day this morning. It seems that everyone might already be in Davos for the World Economic Forum set to kick off later today, because it's mostly crickets in the business and finance news in Egypt this morning. But worry not, we\u2019ve got news from Beltone about [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-01-15T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.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":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"A big announcement from the UAE","datePublished":"2024-01-15T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/"},"wordCount":1322,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","UAE","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/","name":"A big announcement from the UAE - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.jpg?fit=%2C&ssl=1","datePublished":"2024-01-15T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/a-big-announcement-from-the-uae\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"A big announcement from the UAE"}]},{"@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\/2024\/1\/922.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/922.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\/2024\/1\/922.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":652235,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/what-were-tracking-on-wednesday-4-january-2017\/","url_meta":{"origin":613410,"position":0},"title":"What we\u2019re tracking on Wednesday, 4 January 2017","author":"enterpriseam admin","date":"4 January 2017","format":false,"excerpt":"It\u2019s purchasing managers\u2019 index day \u2014 cue the gnashing of teeth. The Emirates NBD Egypt PMI by Markit is due out this morning by 6:15am CLT \u2014 or about 10 minutes after we typically tap \u201csend\u201d on Enterprise. It will be posted here when released. The last iteration found the\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":604660,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/what-were-tracking-on-10-december\/","url_meta":{"origin":613410,"position":1},"title":"What we\u2019re tracking on 10 December","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"It\u2019s all about the money this morning: From multilateral institutions to Big Oil and homegrown VC funds, this morning\u2019s headlines are dominated by announcements of several bn USD in fresh investment and financing. Funds from multilateral institutions are flowing to the private sector and infrastructure, and private sector companies have\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":621643,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/what-were-tracking-on-13-november-2018-spotify-in-egypt-education-and-the-workforce\/","url_meta":{"origin":613410,"position":2},"title":"What we\u2019re tracking on 13 November 2018: Spotify in Egypt, education and the workforce","author":"enterpriseam admin","date":"14 November 2018","format":false,"excerpt":"In miscellany this morning: Spotify launched yesterday in Egypt and several other Arab markets. The world\u2019s largest streaming music service will be available at a cost of EGP 49.99 per month in Egypt as well as 13 other regional markets, including the UAE and Morocco. Egypt, Saudi Arabia, the UAE,\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\/2018\/11\/369.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647129,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/what-were-tracking-on-03-may-2017\/","url_meta":{"origin":613410,"position":3},"title":"What we\u2019re tracking on 03 May 2017","author":"enterpriseam admin","date":"3 May 2017","format":false,"excerpt":"We got a step closer to a new Investment Act yesterday (more on that in Speed Round, below) after a late afternoon session of the House of Representatives approved almost all of the bill\u2019s 92 articles. A final vote on the floor of the House could take place today if\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":646053,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/what-were-tracking-on-05-june-2017\/","url_meta":{"origin":613410,"position":4},"title":"What we\u2019re tracking on 05 June 2017","author":"enterpriseam admin","date":"5 June 2017","format":false,"excerpt":"In proof that organizational skills are not beyond us when we don\u2019t want them to be, Egypt, the UAE, Saudi Arabia and Bahrain simultaneously broke off diplomatic ties with Qatar this morning, according to official statements from all four countries released just about an hour before dispatch time. All four\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":567888,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/what-were-tracking-on-10-december-2020\/","url_meta":{"origin":613410,"position":5},"title":"What we\u2019re tracking on 10 December 2020","author":"enterpriseam admin","date":"10 December 2020","format":false,"excerpt":"Good morning, friends. We made it through another week together. There are just 21 days left in 2020, if you \u2014 like us \u2014 are keeping count. *** We\u2019re a bit late this morning because one of our cloud services is glitching this morning. We\u2019ve addressed most of the problem,\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/613410","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=613410"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/613410\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/613408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/613411"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=613410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=613410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=613410"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=613410"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=613410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}