{"id":543859,"date":"2022-02-22T03:54:45","date_gmt":"2022-02-22T03:54:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/22\/this-morning-did-war-just-break-out-in-ukraine-there-are-103-mn-of-us-now\/"},"modified":"2022-02-22T03:54:45","modified_gmt":"2022-02-22T03:54:45","slug":"this-morning-did-war-just-break-out-in-ukraine-there-are-103-mn-of-us-now","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/22\/this-morning-did-war-just-break-out-in-ukraine-there-are-103-mn-of-us-now\/","title":{"rendered":"THIS MORNING: Did war just break out in Ukraine? + there are 103 mn of us now"},"content":{"rendered":"

A raft of good business news here at home on this fine morning <\/strong>\u2014 2022.02.22 for those of you keeping track \u2014 is overshadowed by news that Russia has ordered troops into Ukraine. <\/strong><\/p>\n

After months of saber rattling, Russian President Vladimir Putin last night ordered troops <\/strong>into Ukraine<\/strong>\u2019s two separatist regions for a \u201cpeacekeeping\u201d operation just hours after he signed a decree recognizing the two breakaway areas. It\u2019s not clear as of dispatch whether Russian troops are already on the move or if Putin plans to order their advance beyond the self-proclaimed \u201cpeople\u2019s republics\u201d of Donetsk and Luhansk. All indications are that this could be the start of the war that has been threatening to erupt for weeks now.<\/p>\n

Stock markets don\u2019t like war: <\/strong>Asian markets are solidly in the red this morning and futures suggest European markets, Wall Street and Bay street should brace for a selloff at the opening bell. Brent crude futures surged on the news and the only gainers in after-hours stock trading seem to be energy companies.<\/p>\n

Now for the response from the West: <\/strong>The UK is set to impose sanctions on Russia as early as next Tuesday, while EU leaders have also vowed sanctions for Putin\u2019s move and will meet imminently to discuss the details. The US is imposing sanctions on the separatist regions, but not Russia as a whole as of yet, the New York Times<\/a> is reporting, citing White House officials.<\/p>\n

That Putin-Biden summit that some were speculating about yesterday? <\/strong>Not happening, if you ask us.<\/p>\n

The news is all over the world\u2019s front pages: <\/strong>The Financial Times<\/a>, Reuters<\/a>, Bloomberg<\/a>, Washington Post<\/a>, Wall Street Journal<\/a> and Associated Press<\/a> have more.<\/p>\n

War in Ukraine is something we need to keep careful tabs on. <\/strong>Russia and Ukraine are two of the most important markets for our resurgent tourism industry \u2014 and two of our top suppliers of wheat, together accounting for the vast majority of our imports (as we note in Egypt in the News, below). State wheat buyer GASC, the world\u2019s largest purchaser of the commodity, was very careful a few days back in locking in April wheat from Romania<\/a> even though Ukraine was offering a better price.<\/p>\n

Russian wheat continues to fall on Ukraine tensions: <\/strong>Export prices of Russian wheat fell for a sixth consecutive week last week as tensions with Ukraine continued to rattle the market, Reuters<\/a> reports. Russia and Ukraine are two of the world\u2019s biggest wheat exporters, withEgypt as one of their main buyers.<\/a> Around 50% of our wheat imports were shipped from Russia last year, while 30% came from Ukraine. Prices of Ukrainian wheat are also under pressure, falling 4% so far in February.<\/p>\n

MARKET REAX- Russian stocks fell to their lowest since Russia\u2019s annexation of Crimea <\/strong>in 2014 yesterday, <\/strong>while the country\u2019s currency dropped the most since March 2020 on the back of the latest developments in Ukraine. (Bloomberg<\/a>)<\/p>\n

The soundtrack for this morning\u2019s issue<\/a><\/strong> \u2026 is predictable.<\/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

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MEANWHILE- There are now 103 mn of us:<\/strong> Egypt\u2019s population should reach 103 mn today, statistics agency Capmas announced, according to Masrawy<\/a>. We reached the 102-mn mark in July of last year \u2014 232 days ago \u2014 meaning that on average, one baby was born every twenty seconds in the interim.<\/p>\n

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

A call for tech startups: <\/strong>The Information Technology Industry Development Agency (ITIDA) and US-based VC firm Plug and Play<\/a> have launched<\/a> an incubator and accelerator program for digital transformation-focused startups in partnership with our friends at USAID. The newly launched \u201cSmart Cities\u201d innovation hub will select 20-30 Egypt-based companies for its inaugural three-month program, which starts in March. Startups can apply here<\/a> before applications close on 28 February.<\/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>The transition to net-zero emissions by 2050 is extremely necessary \u2014 but it\u2019s also going to be extremely expensive, according to a new report from McKinsey. Investments of as much as USD 275 tn \u2014 equivalent to 7.5% of global GDP \u2014 will be needed as the world looks to rebuild the global economy from the ground up, sans carbon. In today\u2019s issue of Going Green, we take a closer look at what the report has to say about hoe the shift to sustainability might look on a macro level, and why it\u2019s going to cost quite so much.<\/p>\n","protected":false},"excerpt":{"rendered":"

A raft of good business news here at home on this fine morning \u2014 2022.02.22 for those of you keeping track \u2014 is overshadowed by news that Russia has ordered troops into Ukraine. After months of saber rattling, Russian President Vladimir Putin last night ordered troops into Ukraine\u2019s two separatist regions for a \u201cpeacekeeping\u201d operation […]<\/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":[330,72,270,304,7263,74,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543859","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-capmas","tag-enterpriseam","tag-russia","tag-ukraine","tag-war","tag-what-were-tracking-today","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"0861d128-313b-4d83-b1a9-d4d8204319a4","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[543857],"teaser":"","voice_url":""},"yoast_head":"\nTHIS MORNING: Did war just break out in Ukraine? + there are 103 mn of us now - 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\/02\/22\/this-morning-did-war-just-break-out-in-ukraine-there-are-103-mn-of-us-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Did war just break out in Ukraine? + there are 103 mn of us now\" \/>\n<meta property=\"og:description\" content=\"A raft of good business news here at home on this fine morning \u2014 2022.02.22 for those of you keeping track \u2014 is overshadowed by news that Russia has ordered troops into Ukraine. 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It\u2019s a nail-biter of a finish to the week on a morning that we\u2019d otherwise consider a \u201cslow news day\u201d \u2014 were it not for the incessant beat of war drums in the air. With the US now claiming that Russia will invade\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":543891,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/this-morning-war-inches-closer-in-ukraine-a-call-from-the-cbe-and-visa-for-fintech-startups-seeking-funding\/","url_meta":{"origin":543859,"position":1},"title":"THIS MORNING: War inches closer in Ukraine + A call from the CBE and Visa for fintech startups seeking funding","author":"enterpriseam admin","date":"23 February 2022","format":false,"excerpt":"Good morning, friends. We\u2019re smiling here this morning after news that the official count of new covid-19 infections fell below the 2k mark yesterday. It\u2019s the first time in four weeks that the gauge has dipped below that mark, suggesting we\u2019re now past the peak of this wave.Don\u2019t be fooled\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":543947,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/russia-steps-up-assault-on-kyiv-overnight-faces-sanctions-on-its-central-bank-and-being-cut-off-from-swift-global-banking-network\/","url_meta":{"origin":543859,"position":2},"title":"Russia steps up assault on Kyiv overnight \u2014 faces sanctions on its central bank and being cut off from SWIFT global banking network","author":"enterpriseam admin","date":"27 February 2022","format":false,"excerpt":"Russia stepped up its assault on Kyiv overnight as the war in Ukraine enteredits fourth day. Here\u2019s what you need to know this morning:\u201cHuge explosions\u201d were reported near Kyiv in the early hours of this morning as Russian troops advance on the Ukrainian capital, the Associated Press reports. Fighting continues\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/367.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544925,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/ukraine-ready-to-discuss-neutrality-territory-ahead-of-russia-peace-talks-zelensky\/","url_meta":{"origin":543859,"position":3},"title":"Ukraine ready to discuss neutrality, territory ahead of Russia peace talks -Zelensky","author":"enterpriseam admin","date":"28 March 2022","format":false,"excerpt":"Zelensky signals compromise ahead of new round of peace talks: Ukrainian President Volodymyr Zelensky has reiterated willingness to declare neutrality and potentially give up sovereignty over some parts of the country ahead of three days of peace talks, which start today in Turkey, France24 reports. \u201cSecurity guarantees and neutrality, non-nuclear\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/373.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544570,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/ukraine-neutrality-sisi-talks-to-putin\/","url_meta":{"origin":543859,"position":4},"title":"Ukraine neutrality + Sisi talks to Putin","author":"enterpriseam admin","date":"10 March 2022","format":false,"excerpt":"Ukraine \u201cready for diplomatic solution\u201d: Ukraine is considering Russia\u2019s demand for neutrality in return for security guarantees but won\u2019t give up a \u201csingle inch of territory,\u201d a senior aide to President Volodymyr Zelenskiy told Bloomberg yesterday. \u201cWe are ready for a diplomatic solution,\u201d said Ihor Zhovkva, Zelenskiy\u2019s deputy chief of\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/122.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543972,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/putin-eyes-the-nuclear-option-as-west-ramps-up-pressure-over-war-in-ukraine\/","url_meta":{"origin":543859,"position":5},"title":"Putin eyes the nuclear option as West ramps up pressure over war in Ukraine","author":"enterpriseam admin","date":"28 February 2022","format":false,"excerpt":"President Vladimir Putin has put Russia's nuclear forces on high alert in what he says is in response to Western leaders stepping up sanctions over Moscow\u2019s invasion of Ukraine.Putin\u2019s threat drew ire from many corners: A senior US defense official said the \u201cescalatory\u201d step risked a dangerous miscalculation, while declining\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/383.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\/543859","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=543859"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543859\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/543857"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543859"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543859"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}