{"id":544378,"date":"2022-03-01T04:00:39","date_gmt":"2022-03-01T04:00:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/this-morning-the-latest-from-the-war-in-ukraine-data-points-to-watch-in-march-2022\/"},"modified":"2022-03-01T04:00:39","modified_gmt":"2022-03-01T04:00:39","slug":"this-morning-the-latest-from-the-war-in-ukraine-data-points-to-watch-in-march-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/this-morning-the-latest-from-the-war-in-ukraine-data-points-to-watch-in-march-2022\/","title":{"rendered":"THIS MORNING: The latest from the war in Ukraine + data points to watch in March 2022"},"content":{"rendered":"<p><strong>Good morning, friends, and welcome to March. <\/strong>Anyone else struggling to process how we\u2019re already in the last month of Q1? Or is it just us?<\/p>\n<p><strong>THE BIG STORY ABROAD for the foreseeable future is the war between two of our most <\/strong><strong>important friends<\/strong>, Russia and Ukraine. Here\u2019s what you need to know as fighting enters its sixth day:<\/p>\n<ul>\n<li><strong>Talks, but no ceasefire:<\/strong> Negotiations between the two sides ended yesterday with no agreement to lay down weapons, though the Russian side reportedly said more meetings will follow within days.<\/li>\n<li><strong>Russia\u2019s assault on Ukrainian cities grows deadlier:<\/strong> At least eleven people were killed and dozens wounded in Kharkiv, Ukraine\u2019s second-largest city, yesterday, as Russia ramped up rocket fire. Meanwhile, a massive convoy of Russian forces is inching closer to the capital Kyiv.<\/li>\n<li><strong>Ukraine <\/strong><strong>called on its allies<\/strong><strong> to enforce a no-fly zone to stop Russia bombing its cities<\/strong>\u2014 something Western nations have so far stopped short of, as they try to avoid being sucked into direct conflict with Russia.<\/li>\n<li><strong>Russia\u2019s economy is being pummeled by sanctions. <\/strong>The RUB lost nearly a third of its value against the dollar yesterday after the EU and US hit the country\u2019s banks with stringent restrictions, before paring the losses following an emergency rate hike from Russia\u2019s central bank.<\/li>\n<li><strong>Efforts are ongoing to extract Egyptians from the conflict: <\/strong>The Foreign ministry is coordinating with embassies in nearby countries to ensure the safe evacuation of Egyptian nationals, while some 1.2k Egyptian students have now arrived in Poland from Ukraine.<\/li>\n<\/ul>\n<p><strong>We have more on all these stories in today\u2019s War Watch section<\/strong>, below, and a rundown on what all of this means to the denizens of Planet Finance in that section, too.<\/p>\n<p><strong>We\u2019re feeling the war\u2019s impact on wheat markets here at home: <\/strong>State grain buyer GASC yesterday canceled its second tender since the conflict began, saying the offers it received for French and US wheat were too high. Russia and Ukraine (in peacetime) account for the bulk of our wheat imports. More on that in our Commodities section, below.<\/p>\n<p><strong>DATA WATCH-<\/strong><\/p>\n<p><strong>It\u2019s the start of a new month. The key news triggers to keep your eye on:<\/strong><\/p>\n<ul>\n<li><strong>PMI:<\/strong> Purchasing managers\u2019 index figures for February for Egypt, Saudi Arabia, the UAE, and Qatar will be <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/ReleaseDates\">released<\/a> this Thursday, 3 March.<\/li>\n<li><strong>Foreign reserves:<\/strong> February\u2019s foreign reserves figures will most likely be announced this week or next.<\/li>\n<li><strong>Inflation:<\/strong> Inflation figures for February will be released on Thursday, 10 March.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt (CBE) will hold its <a href=\"https:\/\/www.cbe.org.eg\/en\/MonetaryPolicy\/Pages\/MPCMeetingSchedule.aspx\">next monetary policy meeting<\/a> on Thursday, 24 March.<\/li>\n<\/ul>\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 href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p>\n<p><strong>PSA- We\u2019re in for a couple of days of hot weather<\/strong> in the capital city, with the mercury heading to 25\u00b0C today and 30\u00b0C tomorrow, according to our favourite weather app. Look for more seasonally appropriate temps in the 20-24\u00b0C range Thursday through the weekend before things get hot again the first few days of next week. There\u2019s no real heat in store for Alexandria, where you can expect a daytime high of 21\u00b0C today and 24\u00b0C tomorrow.<\/p>\n<p><strong>Suez Canal tolls will rise by up to 10% for transiting vessels starting today<\/strong>, according to circulars from the canal authority. Most tankers will see fees rise by 5-10%, with larger vessels set to pay more. You can find the details <a href=\"https:\/\/www.suezcanal.gov.eg\/english\/navigation\/navigationcirculars\/pages\/default.aspx\">here<\/a>.<\/p>\n<p><strong>Back-to-back hikes:<\/strong> The authority <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ae94891-e027-4d1d-a265-2fc17b43d749\">at the start of February<\/a> hiked transit fees by 6% for most ships, excluding LNG carriers and cruise ships, as it works to wind down pandemic-era incentives and reductions.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a><strong> Clinical studies for our new Made-in-Egypt vaccine EgyVax are kicking off today. <\/strong>Higher Education Minister Khaled Abdel Ghaffar is set to announce the details in a presser <a href=\"https:\/\/www.facebook.com\/1868737716772441\/posts\/3021970968115771\/\">later today.<\/a> The new jab is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2a360c3a-585e-40c7-8d48-43a58e924a93\">set to be manufactured<\/a> by Eva Pharma, which is currently a local manufacturer of Sinovac vaccines.<\/p>\n<p><strong>MARKET WATCH-<\/strong><\/p>\n<p><strong>Are the days of USD 100+ oil upon us? <\/strong>Brent futures surged past USD 105 at one point in early Asian trading this morning, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-28\/oil-steadies-as-u-s-mulls-spr-release-to-quell-russia-concerns\">Bloomberg<\/a> reports, after closing a hair\u2019s breadth above USD 100 yesterday. Goldman Sachs is now tipping the global benchmark to rise beyond USD 115 <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-28\/oil-steadies-as-u-s-mulls-spr-release-to-quell-russia-concerns\">\u201cwith significant upside risk\u201d<\/a> in its one-month forecast, saying demand destruction is the only thing that can now stop its rise. US sanctions on Russia are tipping oil yet higher, following a months-long rally as supply fails to keep up with demand amid the pandemic recovery.<\/p>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Contemporary art and culture center <\/strong><strong><a href=\"https:\/\/www.facebook.com\/3031ArtFest\/\">Darb1718<\/a><\/strong><strong> is hosting its <\/strong><strong><a href=\"https:\/\/collardtickets.com\/event\/3031-art-festival\/?s=1\">3031 Art Festival<\/a><\/strong> from 4-12 March on its premises in Fustat, Old Cairo. Unique collections of multidisciplinary art will be on display along with live music, dance, theater performances, and interactive workshops. Guest speakers <a href=\"https:\/\/www.adsumart.com\/home\">Adsum Art Consultancy<\/a> will be on hand to discuss investing in art. Catch a full day of activities from 1:00pm\u20139:30pm on weekends and weekdays from 4:00pm\u201310:00pm.<\/p>\n<p><strong>Consoleya is holding its second <\/strong><strong><a href=\"https:\/\/www.eventbrite.com\/e\/consoleya-women-meet-up-inclusivity-in-investment-more-tickets-274903282117\">Women Meet-up<\/a><\/strong> this Wednesday, 2 March, to discuss topics including inclusivity in investment. The agenda includes a panel discussion on gender-lens funding here in Egypt.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.facebook.com\/Diarna.moss\">Diarna Handicrafts Fair<\/a><\/strong> kicked off last Thursday and runs through 7 March at Cairo Festival City from 10am until 10pm daily.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">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 class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** 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<p><strong>In today\u2019s issue: <\/strong>The government\u2019s recently approved incentives for net metering and self-consumption solar power systems are set to give the solar industry a boost ahead of the November\u2019s COP27 climate summit in Sharm El Sheikh. In this week\u2019s Going Green, we break down the new incentives, and take a look at how they\u2019ve been received amid what some are calling tough times for local solar players.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends, and welcome to March. Anyone else struggling to process how we\u2019re already in the last month of Q1? Or is it just us? THE BIG STORY ABROAD for the foreseeable future is the war between two of our most important friends, Russia and Ukraine. Here\u2019s what you need to know as fighting [&hellip;]<\/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":[1240,72,1242,1241,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544378","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-data-points","tag-enterpriseam","tag-oil-price","tag-ukraine-russia-war","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c55d01f7-c6bb-4f82-afe0-36a819f6415c","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[544376],"teaser":"","voice_url":""},"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>THIS MORNING: The latest from the war in Ukraine + data points to watch in March 2022 - 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\/03\/01\/this-morning-the-latest-from-the-war-in-ukraine-data-points-to-watch-in-march-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: The latest from the war in Ukraine + data points to watch in March 2022\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and welcome to March. 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Anyone else struggling to process how we\u2019re already in the last month of Q1? Or is it just us? THE BIG STORY ABROAD for the foreseeable future is the war between two of our most important friends, Russia and Ukraine. 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After months of saber rattling, Russian President Vladimir Putin last night ordered troops into Ukraine\u2019s two separatist\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":543918,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/this-morning-did-war-just-break-out-in-ukraine\/","url_meta":{"origin":544378,"position":1},"title":"THIS MORNING: Did war just break out in Ukraine?","author":"enterpriseam admin","date":"24 February 2022","format":false,"excerpt":"Good morning, friends, and welcome to THURSDAY. 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 &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":545816,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/this-morning-a-warm-welcome-to-the-uae-the-pharaohs-have-a-new-coach\/","url_meta":{"origin":544378,"position":2},"title":"THIS MORNING: A warm welcome to the UAE + the Pharaohs have a new coach","author":"enterpriseam admin","date":"13 April 2022","format":false,"excerpt":"Welcome, friends from Abu Dhabi. IT\u2019S A BIG DAY FOR the private sector after Abu Dhabi wealth fund ADQ bought stakes yesterday in bold-name EGX-listed companies including CIB and fintech player Fawry in a series of block trades on the Egyptian Exchange. ADQ has previously invested in our friends at\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":543970,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-morning-what-you-need-to-know-about-war-in-ukraine-this-morning-its-a-big-week-for-watchers-of-the-fed-oil-and-us-politics\/","url_meta":{"origin":544378,"position":3},"title":"THIS MORNING: What you need to know about war in Ukraine this morning + it\u2019s a big week for watchers of the Fed, oil and US politics","author":"enterpriseam admin","date":"28 February 2022","format":false,"excerpt":"Good morning, friends. The big news is once again the state of play in Russia\u2019s invasion of Ukraine. Here\u2019s what you need to know this morning: Kyiv, the capital, is still holding out against Russian troops, who have taken or are advancing toward several sizable Ukrainian cities. The country\u2019s second\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":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":544378,"position":4},"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 &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":544435,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/03\/this-morningun-general-assembly-says-no-to-russias-war-its-pmi-day\/","url_meta":{"origin":544378,"position":5},"title":"THIS MORNING:UN General Assembly says no to Russia\u2019s war + It\u2019s PMI day","author":"enterpriseam admin","date":"3 March 2022","format":false,"excerpt":"Well, friends, we\u2019ve nearly made it through another workweek together \u2014 just a few more hours left. We hope your calendar of meetings is kind to you today and that traffic is bearable for folks who have external meetings.THE BIG STORY here at home on this fine Thursday morning intersects\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\/544378","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=544378"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544378\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544376"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544378"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544378"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}