{"id":542543,"date":"2022-01-03T03:46:09","date_gmt":"2022-01-03T03:46:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/this-morning-the-2021-enterprise-reader-poll-closes-tonight-civil-servants-banks-get-thursday-off-for-coptic-christmas-sudanese-pm-resigns-amid-protests\/"},"modified":"2022-01-03T03:46:09","modified_gmt":"2022-01-03T03:46:09","slug":"this-morning-the-2021-enterprise-reader-poll-closes-tonight-civil-servants-banks-get-thursday-off-for-coptic-christmas-sudanese-pm-resigns-amid-protests","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/this-morning-the-2021-enterprise-reader-poll-closes-tonight-civil-servants-banks-get-thursday-off-for-coptic-christmas-sudanese-pm-resigns-amid-protests\/","title":{"rendered":"THIS MORNING: The 2021 Enterprise Reader Poll closes tonight; Civil servants, banks get Thursday off for Coptic Christmas; Sudanese PM resigns amid protests."},"content":{"rendered":"

Good morning, friends, and welcome to a pleasantly brisk news day <\/strong>in which our economic record in 2021 leads is the big story. Expect corporate news to stage a comeback in a few days\u2019 time \u2014 much of corporate Egypt seems to be dreaming of a three-day weekend before \u201creally\u201d getting back to work next week. At least if the autoreplies clogging our inboxes are anything to go by\u2026<\/p>\n

<\/a> PSA #1- Today is your last chance to take our annual reader poll \u2014 and join us for <\/strong>breakfast.<\/strong> Every year, we ask our readers to weigh in on what you expect for the year ahead in our Enterprise Reader Poll<\/a><\/strong>. Take a few minutes to give us your take on the outlook for your business and industry, whether you\u2019re planning fresh investments and new hires, and how your business fared in the year past. We\u2019ll share the results with the entire community next week to help shape your view of the year \u2014 and will invite eight of you to break bread with us. Another dozen of you who complete the poll will also get special Enterprise mugs<\/strong> to enjoy your morning beverage of choice.<\/p>\n

^^ The poll closes at midnight CLT tonight. <\/strong><\/p>\n

PSA #2- Banks and civil servants are getting this Thursday off<\/strong>, with a cabinet statement<\/a> and the Central Bank of Egypt (pdf)<\/a> announcing yesterday that 6 January will be off in observance of Coptic Christmas, which falls on Friday. We\u2019re still waiting on confirmation from the EGX and the Manpower Ministry that the stock market will be closed and the private sector will be off on that day, but we\u2019re optimistic.<\/p>\n

PSA #3- Resident investors are no longer paying stamp tax on EGX transactions as of <\/strong>yesterday<\/strong>, when it was replaced by the 10% capital gains tax<\/a>, the Financial Regulatory Authority (FRA) confirmed in a statement<\/a>. The CGT will be imposed on net portfolio earnings at the end of the tax year after deducting brokerage fees.<\/p>\n

enterprise<\/p>\n

PSA #4- Your BlackBerry is probably going to die tomorrow <\/strong>\u2014 if you\u2019re one of the three people reading Enterprise with an OG BB operating system on your vintage hardware. If you\u2019re on BlackBerry 10 or earlier, don\u2019t expect to be able to make calls, send an SMS or get on the interwebs as early as tomorrow morning. BlackBerry-branded handsets running Android will be just fine. The company has a press release out<\/a> and you can get some of the back story from the Verge<\/a>.<\/p>\n

THE BIG STORIES ABROAD-<\/strong><\/p>\n

Sudanese Prime Minister Abdalla Hamdok has resigned<\/strong>, saying that he had been unable to fix the country\u2019s widening political divide. He stepped down just a few weeks after signing a pact with the military to restore him to office following a coup in October. Hamdok headed the post-Bashir civilian-military administration that was supposed to lead the country to democratic elections this year, but was placed under house arrest by military leader Abdel Fattah Al Burhan in October during the army\u2019s seizure of power. Hamdok\u2019s pact with Burhan was widely rejected by protestors, who have continued to demonstrate against the return of military rule. The story is everywhere from Reuters<\/a> and AP<\/a> to France24<\/a>, Bloomberg<\/a> and the BBC<\/a>.<\/p>\n

It\u2019s a relatively quiet morning in the international business press. <\/strong>The Financial Times<\/a> has an interesting look at who\u2019s up and who\u2019s down in the corporate world thanks to the pandemic, while the Wall Street Journal<\/a> jumps in its hot tub time machine to lead with the shocking revelation that \u201cearly-stage venture capitalists are now investing mns of USD in companies before they even have a coherent business plan<\/strong>\u201d (shocking, we know) \u201cwhile a growing number of VCs are saying that we are likely in a bubble.\u201d<\/p>\n

ALSO- <\/strong>Covid cases are <\/strong>continuing to surge<\/a><\/strong> in the US<\/strong> as the more virulent \u2014 though potentially less severe \u2014 omicron variant spreads, leading to disruptions in travel, retail and other sectors amid staff shortages. Almost 4k flights were cancelled worldwide and more than 8.8k were delayed on Sunday due to omicron and poor weather, according to stats from airline tracking site FlightAware.com picked up by Reuters<\/a> \u2014 prolonging the holiday-season travel chaos<\/a> seen last week.<\/p>\n

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