{"id":544543,"date":"2022-03-09T03:32:54","date_gmt":"2022-03-09T03:32:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/09\/this-morning-nato-chief-issues-warning-to-russia-a-good-night-for-isheep-market-volatility-continues\/"},"modified":"2022-03-09T03:32:54","modified_gmt":"2022-03-09T03:32:54","slug":"this-morning-nato-chief-issues-warning-to-russia-a-good-night-for-isheep-market-volatility-continues","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/09\/this-morning-nato-chief-issues-warning-to-russia-a-good-night-for-isheep-market-volatility-continues\/","title":{"rendered":"THIS MORNING: Nato chief issues warning to Russia; A good night for iSheep; Market volatility continues"},"content":{"rendered":"

Hello, everyone, and welcome to a brisk Wednesday <\/strong>in which domestic business news takes second seat to the latest from Eastern Europe.<\/p>\n

THE BIG STORY everywhere today remains <\/strong>Russia\u2019s<\/strong> invasion of Ukraine. <\/strong>Egypt is uniquely impacted as a country that has long had strong ties to both countries, who together account for up to 80% of our wheat supply and a third of our inbound tourism market. Ukrainian companies invest here and are working on transport projects. Russia has plans to build an industrial zone and a nuclear power plant.<\/p>\n

Russia-Ukraine coverage dominates this morning\u2019s edition<\/strong>, from the latest on disruptions to the global energy and commodities markets to the Madbouly government\u2019s warning it could move to temper rising bread prices \u2014 and a suggestion from JPMorgan that it\u2019s not impossible we\u2019ll be talking again with our friends at the International Monetary Fund for a new assistance package if the fallout continues. The Madbouly government has so far done a very solid job of leading us through a dicey situation that was not of our making; it makes eminently good sense for us to explore options now to hedge against a day when the global environment could become even more challenging. As the hoary old adage goes: An ounce of prevention is worth a pound of cure.<\/p>\n

An ominous warning: Nato boss Jens Stoltenberg warned Russia against attacking the <\/strong>supply lines of member states who are supplying Ukraine <\/strong>with weapons and material, saying that to do so would be a \u201cdangerous escalation of the war raging in eastern Europe,\u201d Canada\u2019s CBC reports<\/a>.<\/p>\n

MEANWHILE- IT WAS A GOOD NIGHT FOR Apple nerds, who got a glimpse of the future <\/strong>with the <\/strong>Mac Studio<\/a><\/strong> \u2014 and for the first time in years (and years and years) were rewarded with a stand-alone display. <\/strong>The all-new super-powered desktop computer targets creators, scientists, designers and others with crazy compute needs and has (mercifully) tons of ports. It also runs quiet and cool thanks to the M1 Ultra processor, which makes its debut in the Mac Studio.<\/p>\n

The company\u2019s first product event of the year also saw it unveil <\/strong>a new iPhone SE<\/a> that includes a 4.7-inch display and support for 5G, a new iPad Air<\/a> with M1 chip (plus 5G in the wifi + LTE version), and new colors<\/a> for the iPhone 13 (green and alpine green). You can watch a replay of the event here<\/a> or check out the Verge\u2019s rundown on everything that Apple announced here.<\/a><\/p>\n

One more thing? <\/strong>The Mac Studio is even more powerful<\/a> than then Mac Pro, which tops Apple\u2019s Mac line, but it won\u2019t be for long \u2014 a top Apple exec teased last night that a new Mac Pro is in the works.<\/p>\n

PSA #1- The weather is starting to cool today<\/strong>, with the mercury set to ease to 24\u00b0C in the capital city before hitting 20\u00b0C tomorrow and then slipping into the high teens from Friday through Monday.<\/p>\n

PSA #2- Our fellow coffee nerds may wish to attend the three-day 2022 National Barista <\/strong>Championship<\/strong>, which gets underway tomorrow at the Egypt International Exhibition Center. Hit up IG for more<\/a>.<\/p>\n

KUDOS- With the pre-Ramadan silly season at its apex for folks in the ad industry, our <\/strong>f<\/strong>riends at Tarek Nour Communications have launched a wellness program <\/strong>with Singapore\u2019s MindNation<\/a>. You can learn more about it here (pdf)<\/a> and as you read, ask yourself: Is there anything you can do as a leader at your company to make life better for your team?<\/strong> TNC\u2019s year-round program will walk the company\u2019s people through issues including work-life balance and goals for their mental health and physical well-being.<\/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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MARKET WATCH-<\/strong><\/p>\n

<\/a> It was another day of volatility in the financial markets yesterday<\/strong> as investors reacted to Washington\u2019s decision to go ahead with a ban on Russian energy imports. Following a heavy sell-off on Monday, US stocks whipsawed through the session, eventually closing slightly in the red. The S&P 500 ended almost 1% down after being up 2% earlier in the session, leaving it in correction territory. Bloomberg<\/a> has more.<\/p>\n

Volatility in the commodities markets also continued following the oil ban<\/strong>, which we recap in this morning\u2019s news well, below.<\/p>\n

Shares in Asia are mounting a slight recovery in early trading this morning<\/strong>, with most indexes in the region in the green. Oil and gold are continuing where they left off yesterday and are seeing early albeit gains. Stock futures in Europe and the US indicate that shares will open in the green later today.<\/p>\n

THIS WEEK + BEYOND- <\/strong><\/p>\n

Turkish and Israeli heads of state will meet today for the first time in over a decade. <\/strong>Israeli President Isaac Herzog is in Ankara for talks with Turkish President Recep Tayyip Erdogan, who is hoping to mend bridges with a longtime foe, Reuters<\/a> reports.<\/p>\n

US Deputy Secretary of State Wendy Sherman <\/strong>will be in town<\/a><\/strong> for two days this week <\/strong>starting tomorrow.<\/strong> Sherman will meet with Foreign Minister Sameh Shoukry and \u201cother senior officials,\u201d including National Council for Human Rights chief Moushira Khattab.<\/p>\n

Inflation figures for February will be released <\/strong>tomorrow<\/strong>:<\/strong> Annual urban inflation hit its<\/a>highest level in almost two and a half years<\/a> in January due to rising food prices and an unfavorable base effect.<\/p>\n

Contemporary art and culture center <\/strong>Darb1718<\/a><\/strong> is hosting its <\/strong>3031 Art Festival<\/a><\/strong> until this Saturday, 12 March on its premises in Fustat, Old Cairo.<\/p>\n

Green energy forum: <\/strong>The German Arab Chamber of Industry and Commerce is hosting the Egyptian German Green Energy Forum on Tuesday, 22 March. Planning Minister Hala El Said, Vice Minister of Finance Ahmed Kouchouk and German Ambassador Frank Hartmann are among those slated to attend. The even runs 5:30-9:00pm CLT at the InterContinental Cairo Semiramis.<\/p>\n

Interest rates: <\/strong>The Central Bank of Egypt will hold its next monetary policy meeting<\/a> on Thursday, 24 March.<\/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 Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education.<\/p>\n

In today\u2019s issue: <\/strong>Think Cairo\u2019s traffic is bad? There are 40 cities in the world worse than us.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello, everyone, and welcome to a brisk Wednesday in which domestic business news takes second seat to the latest from Eastern Europe. THE BIG STORY everywhere today remains Russia\u2019s invasion of Ukraine. 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The holiday slowdown remains in full effect as we inch closer to New Year\u2019s Eve. Headlines both at home and abroad remain calm, making it the perfect time to pick up a book or plug into a podcast during the downtime.THE BIG STORY ABROAD- ? There\u2019s next\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2025\/6\/766.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545381,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/this-evening-egypt-makes-samurai-bonds-debut-zelensky-is-lobbying-for-full-eu-membership-and-more-nato-support-russia-stocks-rally-as-stock-market-reopens\/","url_meta":{"origin":544543,"position":1},"title":"THIS EVENING: Egypt makes Samurai bonds debut + Zelensky is lobbying for full EU membership and more NATO support + Russia stocks rally as stock market reopens","author":"enterpriseam admin","date":"24 March 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and a very happy THURSDAY to you all. It\u2019s been a wild news week, and we\u2019re very much looking forward to the weekend for a breather.THE BIG STORY TODAY- Egypt successfully closed its maiden Samurai bond issuance, selling USD 500 mn (c.JPY 60 bn) of\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545286,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/17\/this-evening-nbes-alc-takes-egp-700-mn-securitization-issuance-to-market-the-press-spoke-too-soon-about-peace-between-russia-and-ukraine\/","url_meta":{"origin":544543,"position":2},"title":"THIS EVENING: NBE\u2019s ALC takes EGP 700 mn securitization issuance to market + The press spoke too soon about peace between Russia and Ukraine","author":"enterpriseam admin","date":"17 March 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and a very happy THURSDAY to you all. This week has been quite a whirlwind, so we\u2019re looking forward to a relaxing weekend to decompress. THE BIG STORY TODAYAl Ahly Pharos closed a EGP 700 mn securitized bond issuance on behalf of the National Bank\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544693,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/16\/optimism-fades-in-ukraine-peace-talks\/","url_meta":{"origin":544543,"position":3},"title":"Optimism fades in Ukraine peace talks","author":"enterpriseam admin","date":"16 March 2022","format":false,"excerpt":"Optimism fades in Ukraine peace talks: The latest news out of the ongoing peace talks between Russia and Ukraine isn\u2019t quite as optimistic as it was a few days ago, with a senior Ukrainian aide saying yesterday that there are \u201cfundamental contradictions\u201d between the two sides. Writing on Twitter, presidential\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\/205.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651703,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/360k-tonnes-of-wheat-imported-from-russia-ukraine-and-romania\/","url_meta":{"origin":544543,"position":4},"title":"360k tonnes of wheat imported from Russia, Ukraine and Romania","author":"enterpriseam admin","date":"19 February 2017","format":false,"excerpt":"GASC has purchased 360k tonnes of wheat from Russia, Ukraine and Romania for delivery in 16-25 March, Al Borsa reports.","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553386,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tensions-between-russia-and-nato-rise-over-ukraine\/","url_meta":{"origin":544543,"position":5},"title":"Tensions between Russia and Nato rise over Ukraine","author":"enterpriseam admin","date":"1 December 2021","format":false,"excerpt":"Tensions between Russia and Nato rise over Ukraine: Russian president Vladimir Putin has vowed a strong response should Nato deploy missile systems and troops in Ukraine, further raising tensions in the region, Reuters reports. This came in response to the US and Nato, which yesterday warned of \u201cserious consequences\u201d should\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"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\/544543","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=544543"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544543\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544541"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544543"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544543"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}