{"id":542801,"date":"2022-01-18T04:10:08","date_gmt":"2022-01-18T04:10:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/this-morning-its-day-2-of-the-davos-agenda-brent-hits-highest-level-since-2014\/"},"modified":"2022-01-18T04:10:08","modified_gmt":"2022-01-18T04:10:08","slug":"this-morning-its-day-2-of-the-davos-agenda-brent-hits-highest-level-since-2014","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/this-morning-its-day-2-of-the-davos-agenda-brent-hits-highest-level-since-2014\/","title":{"rendered":"THIS MORNING: It\u2019s Day 2 of the Davos Agenda + Brent hits highest level since 2014"},"content":{"rendered":"

Good morning, friends, and welcome to an incredibly busy issue <\/strong>packed with news of SPACs, IPOs, new debut issuance and new investment. It\u2019s a bit like drinking from a fire hose this morning, so let\u2019s jump straight in after this public service announcement:<\/p>\n

PSA-<\/strong> It looks like we\u2019ll need to keep wrapping up warm until at least the end <\/strong>of the week<\/strong> as cold winds from Europe sweep across the country, potentially bringing snowfall in some parts of Sinai, the national weather service forecast<\/a> yesterday. In the capital, the mercury won\u2019t get higher than 17\u00b0C between today and Sunday, while lows will remain at 8\u00b0C \u2014 a range our favourite weather app\u2019s long-range forecast says will largely prevail through 1 February.<\/p>\n

WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n

Consoleya will kick off its Startup Meet-up series today <\/strong>with a talk from Ayman Ashour<\/strong>, founder and principal at Newton International Management. The talk, titled Exits and Reset Dilemmas, will see Ashour discuss how to plan for your startup\u2019s exit and the connections you\u2019ll need along the way. Our friend Hossam Allam<\/strong> from Cairo Angels will moderate the discussion. The event will take place from 6-9pm \u2014 you can register using this link<\/a>.<\/p>\n

\n

<\/a> The World Econ<\/strong>omic Forum\u2019s virtual <\/strong>Davos Agenda<\/a><\/strong> continues today:<\/strong> Davos 2022 may be canceled, but that hasn\u2019t stopped the world\u2019s political, corporate and intellectual powerbrokers from getting together for a chin-wag. The online five-day Davos Agenda (on until Friday) is seeing world leaders, business figures and scientists deliver speeches and participate in discussions on the challenges facing the world.<\/p>\n

Chinese president Xi Jinping is getting most of the headlines on Day 1<\/strong>, which also saw Indian prime minister Narendra Modi and UN secretary-general Ant\u00f3nio Guterres deliver speeches. In his statement<\/a>, Xi pledged to provide another 1 bn covid vaccines to African nations and \u2014 in a not-so-subtle swipe at the US \u2014 called on countries to reject what he called \u201ca Cold War mentality\u201d and urged greater global cooperation.<\/p>\n

Xi also had a message for the Federal Reserve as it prepares to hike interest rates: Please, dont.<\/strong> \u201cIf major economies slam on the brakes or take a U-turn in their monetary policies, there would be serious negative spillovers,\u201d he said, warning that developing countries will \u201cbear the brunt\u201d of the economic fallout. This came as China\u2019s central bank went against the international trend and lowered its key interest rate<\/a> for the first time in almost two years.<\/p>\n

On <\/strong>the agenda<\/a><\/strong> for today:<\/strong> Japanese prime minister Kishida Fumio and Israeli PM Naftali Bennett will address the event in the morning, followed by policy discussion panels on improving vaccine equity and the need to avoid social disruption caused by the pandemic, technological changes and the transition to green energy.<\/p>\n

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

A fourth Pfizer-BioNTech jab does little to protect against the spread of omicron, <\/strong>preliminary results from an Israel trial have shown. While a fourth shot of the Pfizer vaccine did raise antibodies above levels recorded following a third shot in the trial\u2019s 154 participants, that did not translate into sufficient protection against omicron, though cases were mild or non-symptomatic. The early results suggest that existing vaccines are less effective against omicron than other variants \u2014 and put into question the Israeli government\u2019s move to vaccinate 500k over-60s in the country in recent weeks in the first rollout of fourth doses of a covid-19 vaccine globally. The AP<\/a>, Reuters<\/a> and Bloomberg<\/a> picked up the story.<\/p>\n

FOR TOMORROW-<\/strong><\/p>\n

South Korean President Moon Jae-in is <\/strong>due in town<\/a><\/strong> from tomorrow until Friday<\/strong>, in what will be the first visit to Egypt by a South Korean president in 16 years. Moon will meet with President Abdel Fattah El Sisi during a regional tour that will also see him swing through the UAE and Saudi Arabia.<\/p>\n

National flag carrier EgyptAir will operate a flight from Casablanca to Cairo tomorrow<\/strong> to bring home Egyptian expats stranded in Morocco following border closures.<\/p>\n

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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n

MARKET WATCH-<\/strong><\/p>\n

Brent futures t<\/strong>raded yesterday near their highest intraday level since 2014<\/strong>, after posting their fourth weekly gain on Friday and holding at almost USD 87 \/ bbl on the back of easing omicron concerns and an intensifying winter in North America, Bloomberg<\/a> reports. Prices slipped marginally yesterday, but futures are expected to rise even further in the mid-term amid signs of slowing Chinese economic growth and a tightening market, traders say.<\/p>\n

CIRCLE YOUR CALENDAR-<\/strong><\/p>\n

Applications are open until 31 March to join the Femtech Accelerator Program<\/strong> run by Flat6Labs<\/a> and women\u2019s healthcare firm Organon<\/a>. The four-month-long virtual accelerator will support women-led digital healthcare start-ups operating in MENA to build products, test market fit and improve business models. You can register at this link<\/a>.<\/p>\n

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

enterprise<\/p>\n

*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n

In today\u2019s issue: <\/strong>Tires are a notoriously difficult product to dispose of: they\u2019re non-biodegradable and full of chemicals that harm the environment whether burned or stacked up in landfills. Egypt, like many countries around the world, is inundated with mns of scrap tires every year. Yet, it doesn\u2019t have a formal system to process the waste, nor a regulatory system that ensures that the network of informal dealers and workshops that recycle tires are following environmental and public health protocols.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends, and welcome to an incredibly busy issue packed with news of SPACs, IPOs, new debut issuance and new investment. It\u2019s a bit like drinking from a fire hose this morning, so let\u2019s jump straight in after this public service announcement: PSA- It looks like we\u2019ll need to keep wrapping up warm until […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[116,107,437,93,72,7229,76,89,91,146,343,113,74,436,438],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542801","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-china","tag-covid-19","tag-davos","tag-energy","tag-enterpriseam","tag-esg","tag-financial-regulatory-authority","tag-israel","tag-oil-and-gas","tag-pfizer","tag-regulation","tag-vaccines","tag-what-were-tracking-today","tag-world-economic-forum","tag-xi-jinping","wpautop","entry"],"acf":{"mongo_id":"d692d7aa-a432-4348-9cc0-ba3aeef50bd0","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[542799],"teaser":"","voice_url":""},"yoast_head":"\nTHIS MORNING: It\u2019s Day 2 of the Davos Agenda + Brent hits highest level since 2014 - 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\/2022\/01\/18\/this-morning-its-day-2-of-the-davos-agenda-brent-hits-highest-level-since-2014\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: It\u2019s Day 2 of the Davos Agenda + Brent hits highest level since 2014\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and welcome to an incredibly busy issue packed with news of SPACs, IPOs, new debut issuance and new investment. 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The big news this morning: Egypt\u2019s covid-19 vaccination campaign kicks off today targeting the most at-risk frontline healthcare workers \u2014 and we\u2019ll know more about the plan for a wider rollout later in the day as Health Minister Hala Zayed holds a presser this morning. It\u2019s early\u2026","rel":"","context":"In "What We're Tracking Today"","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":546646,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/this-morning-shoukry-el-molla-at-davos-mbs-in-egypt-next-month\/","url_meta":{"origin":542801,"position":1},"title":"THIS MORNING: Shoukry + El Molla at Davos; MbS in Egypt next month","author":"enterpriseam admin","date":"24 May 2022","format":false,"excerpt":"Good morning, wonderful people, and welcome to another very heavy news day in which business news again tops our tl;dr \u2014 including M&A news and a massive raise by one of the newest citizens of Planet Startup. We have the rundown on everything in this morning\u2019s news well, below. WHAT\u2019S\u2026","rel":"","context":"In "What We're Tracking Today"","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":546604,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/this-morning-car-price-cap-raised-new-refund-rules-shoukry-at-davos\/","url_meta":{"origin":542801,"position":2},"title":"THIS MORNING: Car price cap raised + new refund rules; Shoukry at Davos","author":"enterpriseam admin","date":"23 May 2022","format":false,"excerpt":"Good morning, wonderful people, and welcome to a morning packed with M&A news. Two of the three transactions involve inbound foreign (Saudi) investment, as this morning\u2019s tl;dr stack suggests. Unsurprisingly, food, healthcare and finance are all in play. We also have two IPO stories this morning: Fawry is putting on\u2026","rel":"","context":"In "What We're Tracking Today"","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":600190,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/what-were-tracking-on-21-january-2019-2\/","url_meta":{"origin":542801,"position":3},"title":"What we\u2019re tracking on 21 January 2019","author":"enterpriseam admin","date":"22 January 2019","format":false,"excerpt":"The World Economic Forum gets underway in Davos this morning and runs through Friday. The theme: \u201cGlobalization 4.0: Shaping global architecture in the age of the fourth industrial revolution.\u201d Yeah, yeah, we know. But still\u2026 Links you may want to consider: the agenda | live broadcast of select sessions |\u2026","rel":"","context":"In "What We're Tracking Today"","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":542855,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/this-morning-egypt-advance-to-afcon-knockouts-after-beating-sudan-bidens-epic-presser\/","url_meta":{"origin":542801,"position":4},"title":"THIS MORNING: Egypt advance to Afcon knockouts after beating Sudan; Biden\u2019s epic presser","author":"enterpriseam admin","date":"20 January 2022","format":false,"excerpt":"Well, friends, we\u2019ve nearly made it through another workweek together \u2014 may our collective reward be a relaxing weekend and a very productive, holiday-shortened week to come. Expect an announcement this coming Sunday or Monday that we\u2019re taking next Thursday off in observation of the 25 January holiday.It\u2019s a very\u2026","rel":"","context":"In "What We're Tracking Today"","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":578944,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/this-morning-in-davos-el-said-talks-up-privatization-and-investor-appetite-in-egypt-plus-hurghada-solar-tender-pushed\/","url_meta":{"origin":542801,"position":5},"title":"THIS MORNING: In Davos, El Said talks up privatization and investor appetite in Egypt. PLUS: Hurghada solar tender pushed","author":"enterpriseam admin","date":"19 January 2023","format":false,"excerpt":"Good morning, friends, and happy THURSDAY to you all. We have an absolutely packed issue for you this morning before you slide into what we hope will be a wonderful weekend.Speaking of weekends: Next Thursday, 26 January will be a paid holiday for public and private sector workers to mark\u2026","rel":"","context":"In "What We're Tracking Today"","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\/2023\/1\/325.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\/542801","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=542801"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542801\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542799"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542801"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542801"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}