{"id":618380,"date":"2024-04-08T00:00:00","date_gmt":"2024-04-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/happy-eid-al-fitr\/"},"modified":"2024-04-08T00:00:00","modified_gmt":"2024-04-08T00:00:00","slug":"happy-eid-al-fitr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/happy-eid-al-fitr\/","title":{"rendered":"Happy Eid Al Fitr"},"content":{"rendered":"<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Good morning, friends<\/strong>, and happy (almost) last day of Ramadan. We hope you have a wonderful Eid Al Fitr with your loved ones and get a chance to relax and kick back. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><a id=\"wwtt1\"><\/a> <strong>Everyone is off till next week: <\/strong>The public, private, and banking sectors as well as the EGX will be off from tomorrow until Sunday in observance of Eid Al Fitr. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>** EnterpriseAM Egypt will also be taking a break <\/strong>starting tomorrow, but we will be back in your inbox at our customary time with all the latest business news on Monday, 15 April. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">** <strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"> <a id=\"wwtt5\"><\/a><strong>The private sector minimum wage to get a 71% bump starting May: <\/strong>The National Council for Wages has decided to raise the minimum wage for private sector workers to EGP 6k a month up from EGP 3.5k currently starting May, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0siN6UrNsWLH3SMdTGDhoGCCwksrHD4vRwwHWfogi4W6NkPTBGRqtmMZmQuH9BzrRl&id=100064535599158\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Remember: <\/strong>The government last increased the private sector minimum wage in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9e541aa1-a231-4a7f-aac2-dc65c69a314f\/pay-a-living-wage,-okay%3F\" style=\"\" rel=\"noopener\">January<\/a>, pushing it to EGP 3.5k from EGP 3k previously to cushion the impact of soaring inflation on low-income households.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>This puts the private sector minimum wage in line with that of the public sector. <\/strong>The government raised the public sector minimum wage by 50% to EGP 6k in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/76f901c8-012d-4de4-8d1e-eb994506231c\" style=\"\" rel=\"noopener\">February<\/a> as part of a wider EGP 180 bn social support package.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">HAPPENING TODAY- <\/p>\n<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"> <a id=\"wwtt2\"><\/a> <strong>Inflation nation: <\/strong>State statistics agency Capmas is expected to release its inflation data for March today, giving us our first real insight into the nation\u2019s inflationary trajectory following the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac569e2c-c6f2-480e-bdaa-3f1cd4f81d05\/what-got-us-there:-a-float-of-the-egp-and-a%253cmark%253e-600-bps-%253c%2Fmark%253erate-hike\" style=\"\" rel=\"noopener\">float<\/a> of the EGP on 6 March.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The analyst forecasts are already in:<\/strong> Annual urban inflation is forecasted to come in at 36.3% y-o-y \u2014 up 0.6 percentage points from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98061d01-2567-4fa0-ae15-7bbd9ca9b5ba\/annual%253cmark%253e-inflation-%253c%2Fmark%253ejumps-to-35.7%2525-in-february,-defying-analyst-forecasts\" style=\"\" rel=\"noopener\">last month<\/a> \u2014 according to a median forecast of 12 analysts polled by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypt-inflation-seen-edging-up-march-after-currency-devaluation-2024-04-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Core inflation is expected to rise even further, with the measure \u2014 which excludes fuel and certain volatile food items \u2014 forecasted to increase 1.0 percentage points to 36.1% y-o-y for the month.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>But some think we could be in for some unexpectedly positive news: <\/strong>Analysts are split on the impact floating the EGP will have on inflationary pressures. While some analysts have pointed to the depreciation of the EGP in the official banking sector as an indicator that prices will increase, others have argued that prices were instead based upon the EGP\u2019s exchange rate in the now-defunct parallel market that had the greenback trading for considerably higher than today\u2019s bank rates. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">FROM THE RUMOR MILL- <\/p>\n<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The Libyan Investment Authority is looking into snapping up a majority stake or<\/strong><strong> 100% of an unnamed Egyptian commercial bank<\/strong>, Al Mal reports, citing sources it says are in the know. The sources refused to disclose the bank that the authority is looking to acquire. <\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">PSA-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><a id=\"wwtt4\"><\/a> <strong>WEATHER- <\/strong>The sun is out in Cairo today, with a high of 26\u00b0C and a low of 18\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>It\u2019s cooler in Alexandria<\/strong>, with a high of 23\u00b0C and a low of 15\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>And over Eid Al Fitr<\/strong>, we\u2019re in for highs ranging from 25-28\u00b0C and lows of 17-18\u00b0C in the capital. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>When do we eat?<\/strong> Maghrib prayers are at 6:18 pm in the capital city, and you\u2019ll have until 4:05 am tomorrow to hydrate and caffeinate ahead of fajr.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>ICYMI- <\/strong><strong>Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing, we took a look at what the government is doing to develop its network of 114 industrial zones across the country. You can check out the story <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/49a2796d-bb14-4d38-9337-a9ca96084a84\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">WAR WATCH- <\/p>\n<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"> <strong>El Sisi talks ceasefire with CIA head:<\/strong> President Abdel Fattah El Sisi discussed the latest on the joint Egyptian-Qatari-American efforts to reach a ceasefire in Gaza with CIA Director William Burns, according to an Ittihadiya <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0275Y8C9r5EaEQwZfrW9auL9HWKcR3oCiqfsMg3gwfKsZzYs1tqrb8AquPX1z6gtcAl\" style=\"\" rel=\"noopener\">statement<\/a>. The two sides also discussed the need for the uninterrupted entry of aid into Gaza and the dangers of a military escalation in Rafah. Burns landed in Cairo on Saturday to partake in ceasefire negotiations.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The latest on negotiations: <\/strong>Talks have moved forward and Hamas and Israel have reached an agreement on the basics, Al Qahera News reported late last night (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=p-IdbkUHZog\" style=\"\" rel=\"noopener\">watch, runtime: 00:57<\/a>), citing unnamed high-level Egyptian sources. The Qatari, Hamas, US, and Israeli delegations that were in town for the ceasefire talks left Cairo late last night with plans to come back in two days to discuss the final details of the agreement. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>On the ground: <\/strong>Israeli military <a target=\"_blank\" href=\"https:\/\/twitter.com\/AFP\/status\/1777027710675472389\" style=\"\" rel=\"noopener\">said<\/a> that it has withdrawn forces from Khan Younis in southern Gaza, as it \u201cprepares for their next missions,\u201d including the planned incursion into Rafah. Israel withdrew all of its ground troops from southern Gaza on Sunday save for one brigade today, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-military-withdraws-most-ground-troops-southern-gaza-spokesperson-says-2024-04-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> wrote, citing a military spokesperson.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Aid increases: <\/strong>Egypt has increased the number of aid trucks heading to Gaza to over 300 trucks a day, State Information Service head Diaa Rashwan said in a <a target=\"_blank\" href=\"https:\/\/sis.gov.eg\/Story\/192376\/SIS-Increasing-aid-trucks-to-Gaza-to-more-than-300-per-day?lang=en-us\" style=\"\" rel=\"noopener\">statement<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>MEANWHILE- Iranian promises to respond to Damascus embassy strike risk <\/strong><strong>regional<\/strong><strong> escalation: <\/strong>Iran is readying a response to an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/380472ad-cda9-4123-b8d9-bbf0e2cd3357\/president-el-sisi-is-sworn-in-for-a-third-term\" style=\"\" rel=\"noopener\">Israeli air strike on Iran\u2019s embassy<\/a> in Syria last week, and has warned the US to \u201cstep aside so that you won\u2019t get hurt,\u201d in a social media <a target=\"_blank\" href=\"https:\/\/twitter.com\/MhmmdJamshidi\/status\/1776238843710058907\" style=\"\" rel=\"noopener\">post<\/a> by a senior Iranian political affairs official. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>It\u2019s a quiet Monday morning in the global business press<\/strong>, with no single story dominating the headlines. Among those receiving attention: <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The hunt for the next big thing in AI in EMs: <\/strong>Wall Street wants to continue investing in AI, particularly in emerging markets. \u201cWe see AI as a growth driver in emerging markets \u2026 Going forward it will be key to look for companies in different industries that are adopting AI to enhance earnings,\u201d Morgan Stanley Investment Management's Jitania Kandhari told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-07\/wall-street-hunts-ai-winners-beyond-nvidia-in-emerging-markets?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>AND- US-China relations continue to receive attention<\/strong>, with US President Joe Biden set to issue a warning to China regarding its aggressive activity in the South China Sea. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/be5f840a-28f7-4bb0-91f9-1aedd3d10d9e\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><a id=\"wwtt3\"><\/a> <strong>#1- <\/strong><strong>Mark your calendars for AUC\u2019s CultureFest.<\/strong> This <a target=\"_blank\" href=\"https:\/\/tahrirculturefest.aucegypt.edu\/program\/april-17\" style=\"\" rel=\"noopener\">event<\/a> \u2014 held at <a target=\"_blank\" href=\"https:\/\/maps.app.goo.gl\/UAbetWZHMPvk2UfcA\" style=\"\" rel=\"noopener\">AUC Tahrir<\/a> from Wednesday, 17 April to Monday, 22 April \u2014 is a celebration of the Cairene spirit. Panel discussions about Cairo\u2019s history, people, and evolving culture will kick off the festival, and will be accompanied by live music, a book bazaar, a local market, and art exhibitions. Register for the event <a target=\"_blank\" href=\"https:\/\/www2.ticketsmarche.com\/culturefest\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#2- An open call for tech startups in Africa: <\/strong>The UK\u2019s Department of Business and Trade (DBT) is calling on African startups specializing in AI, automated mobility technology, cybersecurity, and digital trade solutions to apply for its Unicorn Kingdom: Pathfinder Awards, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/732.pdf\" style=\"\" rel=\"noopener\">press release (<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/732.pdf\" style=\"\" rel=\"noopener\">pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/732.pdf\" style=\"\" rel=\"noopener\">)<\/a>. The selected startups will receive a \u201ctailormade program to help scale up and grow their business in the UK.\u201d <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>INTERESTED? <\/strong>Startups have until Tuesday, 30 April to apply through the link <a target=\"_blank\" href=\"https:\/\/www.great.gov.uk\/campaign-site\/Unicorn-Kingdom-Pathfinder-Awards\/submission-form\/\" style=\"\" rel=\"noopener\">here<\/a>. Startups will have to make it through several rounds before they make it to the live finals taking place in the UK next fall.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" 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;font-family:\" arial\";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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>In today\u2019s issue:<\/strong> We talk to industry insiders to find out how private and international schools are navigating elevated costs following the float of the EGP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends, and happy (almost) last day of Ramadan. We hope you have a wonderful Eid Al Fitr with your loved ones and get a chance to relax and kick back. Everyone is off till next week: The public, private, and banking sectors as well as the EGX will be off from tomorrow until [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":618381,"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":[72,1032,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-ramadan","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"eb8c9cf7-08f3-480e-b120-d394e41f0291","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/4\/734.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt kicks off Eid Al Fitr break tomorrow","related_issue":[618378],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.7b49b191-f0ef-4534-b8bc-5400846e1208.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>Happy Eid Al Fitr - 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\/04\/08\/happy-eid-al-fitr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Happy Eid Al Fitr\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and happy (almost) last day of Ramadan. We hope you have a wonderful Eid Al Fitr with your loved ones and get a chance to relax and kick back. Everyone is off till next week: The public, private, and banking sectors as well as the EGX will be off from tomorrow until [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/happy-eid-al-fitr\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-08T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/734.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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/happy-eid-al-fitr\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/happy-eid-al-fitr\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Happy Eid Al Fitr\",\"datePublished\":\"2024-04-08T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/happy-eid-al-fitr\/\"},\"wordCount\":1276,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/happy-eid-al-fitr\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/734.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Ramadan\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/happy-eid-al-fitr\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/happy-eid-al-fitr\/\",\"name\":\"Happy Eid Al Fitr - 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Both the central bank and the EGX have confirmed that our five-day Eid El Fitr weekend begins tomorrow. Banks, capital markets (and, by extension, much of the private sector) are on holiday Tuesday\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":618427,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/08\/this-evening-egypts-annual-urban-inflation-cools-to-33-3-in-march\/","url_meta":{"origin":618380,"position":1},"title":"THIS EVENING: Egypt\u2019s annual urban inflation cools to 33.3% in March","author":"enterpriseam admin","date":"8 April 2024","format":false,"excerpt":"Good afternoon, folks, and a very happy Monday indeed. The pre-Eid news lull is here and the anticipation for the upcoming holiday is palpable.Everyone is off till next week: The public, private, and banking sectors as well as the EGX will be off from tomorrow until Sunday in observance of\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/730.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648059,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/what-were-tracking-on-28-may-2017\/","url_meta":{"origin":618380,"position":2},"title":"What we\u2019re tracking on 28 May 2017","author":"enterpriseam admin","date":"28 May 2017","format":false,"excerpt":"We wish everyone a blessed Ramadan and hope day one wasn\u2019t all bad for our fasting friends. 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The Central Bank of Egypt subsequently announced (pdf) banks will also be closed\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":598741,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/abu-qir-to-sell-stake-after-eid-as-part-of-egypts-privatization-program\/","url_meta":{"origin":618380,"position":4},"title":"Abu Qir to sell stake after Eid as part of Egypt\u2019s privatization program","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"Abu Qir stake sale to take place after Eid El Fitr: The government could sell as much as 20% of Abu Qir Fertilizers via an accelerated book build on the EGX shortly after the Eid El Fitr break, Al Mal reports, citing unnamed sources. 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