{"id":545592,"date":"2022-04-05T03:55:25","date_gmt":"2022-04-05T03:55:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/this-morning-more-mosalsal-drama-its-pmi-day\/"},"modified":"2022-04-05T03:55:25","modified_gmt":"2022-04-05T03:55:25","slug":"this-morning-more-mosalsal-drama-its-pmi-day","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/this-morning-more-mosalsal-drama-its-pmi-day\/","title":{"rendered":"THIS MORNING: More mosalsal drama + It\u2019s PMI day"},"content":{"rendered":"<p><strong>Good morning, wonderful people, and welcome to the first hump day of Ramadan <\/strong>\u2014 and the lightest news day we\u2019ve had in more than a month.<\/p>\n<p><strong>Awards shows are becoming obsolete \/ we\u2019re getting old \/ we got caught up in the<\/strong><strong> Ramadan of it all. <\/strong>We can\u2019t decide which excuse to settle on as to why music\u2019s biggest night of the year passed us by, but the <a href=\"http:\/\/www.grammy.com\">Grammys<\/a> went ahead on Sunday night \u2014 for the first time in Las Vegas \u2014 after an omicron-induced delay. Bruno Mars\u2019 and Anderson .Paak\u2019s old-school soul \/ funk group Silk Sonic picked up record of the year and song of the year for \u201cLeave the Door Open\u201d (<a href=\"https:\/\/www.youtube.com\/watch?v=adLGHcj_fmA\">watch: runtime: 4:08<\/a>), which we admit to hearing for the first time this morning. Nineteen-year-old ex-Disney TV star Olivia Rodrigo snatched the best new artist award. On second thought: we\u2019re definitely getting old. Catch the highlights here (<a href=\"https:\/\/www.youtube.com\/watch?v=PyAgFQsWnIU\">watch, runtime: 1:32<\/a>).<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>One Ramadan TV meta-drama put to bed: <\/strong>Ramadan mosalsal Donya Tanya is back on our screens. The national media authority had <a href=\"https:\/\/www.facebook.com\/scmediaeg\/posts\/281183300844089\">pulled the first episode of the show<\/a> for what it claimed were inappropriate depictions of incest. The ep showed the main character (played by star Laila Elwi) catch her husband in unmentionable acts with her sister. The showmakers have now edited the series to bring forward the revelation that what was not strictly an incest storyline was never even slightly an incest storyline, since Elwi\u2019s sister isn\u2019t her sister after all, director Ahmed Abdel Aal told <a href=\"https:\/\/bit.ly\/3uT59hY\">ET Bel Araby<\/a>. So that clears that up. For suggestions on somewhat more coherent Ramadan viewing, check out our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9320deab-5509-44fb-9ab8-0f47cfe40236\">recent roundup<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>YOU MUST TRY THIS if you\u2019re Gen X or an Elder Millennial: <\/strong>Go back in time and with a single click boot up a real, working Macintosh <a href=\"https:\/\/system7.app\/\">System 7<\/a> or <a href=\"https:\/\/macos8.app\/\">Mac OS 8<\/a> in your browser. <strong>Unbelievably, the OS 8 emulator includes a real, working copy of Maelstrom<\/strong> and other vintage games.<\/p>\n<p><strong>Other pre-iftar distractions <\/strong>from the dumpster fire that is our social media:<\/p>\n<ul>\n<li>This thread is a <strong><a href=\"https:\/\/twitter.com\/meanestta\/status\/1509936432625897474\">slang of the youts-to-corporatese translator<\/a><\/strong>.<\/li>\n<li><strong>Want to contemplate a cosmic mystery before you break your fast?<\/strong> Go read Peptides on stardust may have provided a shortcut to life. (<a href=\"https:\/\/www.wired.com\/story\/peptides-on-stardust-may-have-provided-a-shortcut-to-life\/\">Wired<\/a>)<\/li>\n<li>George\u2019s mom is dead. (<a href=\"https:\/\/www.rollingstone.com\/tv\/tv-news\/estelle-harris-mrs-costanza-seinfeld-dead-obit-1331712\/\">Rolling Stone<\/a>)<\/li>\n<\/ul>\n<p><strong>PSA- The mercury is due to hit 40\u00b0C this afternoon<\/strong>, according to our favourite weather app. Look for a daytime high of 39\u00b0C tomorrow and 40\u00b0C on Thursday before temps slide to a more seasonally appropropriate low-30s on the weekend.<\/p>\n<p><strong>SO, WHEN DO WE EAT?<\/strong> You\u2019ll be breaking your fast at 6:16pm CLT this evening in the capital city, and fajr prayers are at 4:09am.<\/p>\n<hr class=\"grey-line\">\n<p><strong>DEADLINE CHECK- <\/strong><strong>Where\u2019s the LRT? <\/strong>Trials for the light rail train (LRT) project were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6788ae07-6719-428a-96de-b6d11de69726\">set to<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6788ae07-6719-428a-96de-b6d11de69726\">wrap<\/a> by the end of March, with an eye to launch in April \u2014 but companies involved in the project weren\u2019t able to tell Enterprise when it should be up and running when we reached out for an update. The 103.3 km network (which runs primarily through East Cairo\u2019s new desert cities) had begun test runs and was about 95% complete as of the end of last year. We\u2019re keeping our ears to the ground for fresh news.<\/p>\n<p><strong>SIGN OF THE TIMES- Turkish inflation hit a fresh 20-year high in March as the country\u2019s <\/strong><strong>economic crisis worsens.<\/strong> Consumer prices <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-04\/turkish-inflation-climbs-to-fresh-20-year-high-on-energy-lira?srnd=premium-middle-east&sref=mmeFTDW1\">rose 61.1% y-o-y<\/a> last month, up from 54.4% recorded in February.<\/p>\n<p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n<p><strong>It\u2019s PMI day: <\/strong>Purchasing managers\u2019 index figures for March for Egypt will <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/ReleaseDates?language=en\">land here<\/a> at 6:15 CLT \u2014 shortly after we hit \u2018send\u2019 this morning. Egypt\u2019s PMI has been in contraction since November 2020, and headwinds intensifying last month due to the conflict in Ukraine are unlikely to have changed that. Figures for Saudi Arabia, the UAE and Qatar are also out today.<\/p>\n<p><strong>Foreign Minister Sameh Shoukry is in Warsaw with an Arab League delegation trying to <\/strong><strong>broker peace for Ukraine. <\/strong>The delegation met with Russian Foreign Minister Sergey Lavrov yesterday and will hold talks with his Ukrainian counterpart, Dmytro Kuleba, today. We have more on the Arab mediation efforts in today\u2019s War Watch section, below.<\/p>\n<p><strong>WATCH THIS SPACE- Gov\u2019t to release fair price list for basic commodities<\/strong><strong>: <\/strong>The government is working with the Federation of Egyptian Chambers of Commerce to publish a list setting fair prices for basic food commodities to ensure that retailers aren\u2019t using current inflationary pressures to hike prices unfairly, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/373566828147077\">cabinet statement<\/a>. \u201cWe will not allow unjustified and exaggerated increases in the prices of basic commodities,\u201d Madbouly said.<\/p>\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>MARKET WATCH-<\/strong><\/p>\n<p><strong>European natural gas prices closed lower after see-sawing yesterday <\/strong>as traders chew over threats to supplies amid calls for new sanctions against Moscow, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-04\/european-gas-advances-as-eu-weighs-new-sanctions-against-russia?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reported. Benchmark futures closed down 2.3% on stable LNG inflows, after rising near 7% earlier yesterday.<\/p>\n<p><strong>Brent crude, on the other hand, soared past USD 107 per barrel on Monday <\/strong>on worries over fresh sanctions, <a href=\"https:\/\/www.reuters.com\/business\/energy\/oil-extends-losses-reserves-release-yemen-truce-2022-04-04\/\">Reuters<\/a> reported. The fluctuation in energy markets comes as traders fret over fresh sanctions to be imposed by the EU against Moscow over reports of war crimes near Kyiv (more on that in today\u2019s War Watch section, below).<\/p>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Expect movement on fuel prices this week or the next:<\/strong> The government\u2019s fuel pricing committee is due to have its quarterly meeting at the beginning of this month, when it will likely opt to hike prices in 2Q for the fifth time in less than a year. The committee <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fee97989-84a3-4a9c-9ceb-ed67e0f1d174\">increased prices<\/a> of 80, 92 and 95-octane by EGP 0.25 when it last met in February in response to rising international prices, and since then, the war in Ukraine has sent Brent up another 15% past USD 107 a barrel. Prices at the pump have risen by up to 16% since April last year.<\/p>\n<p><strong>ALSO THIS WEEK AND NEXT-<\/strong><\/p>\n<ul>\n<li><strong>Foreign reserves: <\/strong>March\u2019s foreign reserves figures will be announced some time this week;<\/li>\n<li><strong>Inflation figures<\/strong> for March are expected on Sunday, 10 April.<\/li>\n<\/ul>\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> Everyone who calls Cairo home knows that air pollution is a major issue. Poor air quality damages our health and productivity \u2014 and comes with an annual USD 30 bn price tag, according to a new report from the World Bank. In this week\u2019s issue of Going Green, we dig into the report\u2019s findings on why Egypt pays the highest cost for poor air quality of any country in the MENA region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people, and welcome to the first hump day of Ramadan \u2014 and the lightest news day we\u2019ve had in more than a month. Awards shows are becoming obsolete \/ we\u2019re getting old \/ we got caught up in the Ramadan of it all. We can\u2019t decide which excuse to settle on as [&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":[1610,317,1612,72,819,1611,1032,1095,207,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545592","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-arab-league","tag-commodities","tag-energy-markets","tag-enterpriseam","tag-fuel","tag-light-rail-train","tag-ramadan","tag-russia-ukraine-war","tag-transport","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"cc26370e-2385-45ec-910f-559c94f7ef97","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[545590],"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: More mosalsal drama + It\u2019s PMI day - 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\/04\/05\/this-morning-more-mosalsal-drama-its-pmi-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: More mosalsal drama + It\u2019s PMI day\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people, and welcome to the first hump day of Ramadan \u2014 and the lightest news day we\u2019ve had in more than a month. Awards shows are becoming obsolete \/ we\u2019re getting old \/ we got caught up in the Ramadan of it all. 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Awards shows are becoming obsolete \/ we\u2019re getting old \/ we got caught up in the Ramadan of it all. 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Both the central bank and the EGX have confirmed that our five-day Eid El Fitr weekend begins tomorrow. Banks, capital markets (and, by extension, much of the private sector) are on holiday Tuesday\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":561574,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/today-your-essential-ramadan-schedule-more-warnings-about-a-third-wave-of-covid-19\/","url_meta":{"origin":545592,"position":1},"title":"TODAY: Your essential Ramadan schedule + more warnings about a third wave of covid-19","author":"enterpriseam admin","date":"13 April 2021","format":false,"excerpt":"Good morning, wonderful people, and Ramadan kareem to everyone observing.Your first Ramadan blessing of the season: This year\u2019s calendar is nothing short of gorgeous. Consider this: From where we sit this morning, it\u2019s a quick sprint to the weekend.Next week: A full workweek, followed by a long weekend for Sinai\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":597814,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/what-were-tracking-on-06-may-2019\/","url_meta":{"origin":545592,"position":2},"title":"What we\u2019re tracking on 06 May 2019","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"It\u2019s a reasonably quiet news morning in Egypt as we begin the Holy Month, but what news there is is big: Thailand has a new king, and he\u2019d like USD 1 bn from Egypt to mark the occasion. And non-oil business activity expanded last month, snapping an eight-month losing streak.\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":629140,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/todays-recommended-ramadan-reading\/","url_meta":{"origin":545592,"position":3},"title":"Today\u2019s recommended Ramadan reading","author":"enterpriseam admin","date":"23 May 2018","format":false,"excerpt":"Today\u2019s recommended Ramadan reading: Getting old is inevitable. Becoming crusty, grumpy and unable to cope with change isn\u2019t. That\u2019s the take-home from the Wall Street Journal\u2019s Sue Shellenbarger, whose advice to the olds are words to live by: \u201cWould your boss hire you again with the skills you have now?\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\/2018\/5\/770.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598493,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/what-were-tracking-on-27-may-2019\/","url_meta":{"origin":545592,"position":4},"title":"What we\u2019re tracking on 27 May 2019","author":"enterpriseam admin","date":"27 May 2019","format":false,"excerpt":"Good morning, friends, and welcome to the slowest news day in forever. 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