{"id":554049,"date":"2021-12-19T04:21:38","date_gmt":"2021-12-19T04:21:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/19\/this-morning-take-our-annual-enterprise-reader-poll-for-the-chance-to-have-breakfast-with-us-in-2022-plus-omicron-has-landed-in-egypt-and-another-storm-is-coming\/"},"modified":"2021-12-19T04:21:38","modified_gmt":"2021-12-19T04:21:38","slug":"this-morning-take-our-annual-enterprise-reader-poll-for-the-chance-to-have-breakfast-with-us-in-2022-plus-omicron-has-landed-in-egypt-and-another-storm-is-coming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/19\/this-morning-take-our-annual-enterprise-reader-poll-for-the-chance-to-have-breakfast-with-us-in-2022-plus-omicron-has-landed-in-egypt-and-another-storm-is-coming\/","title":{"rendered":"THIS MORNING: Take our annual Enterprise Reader Poll for the chance to have breakfast with us in 2022. Plus: Omicron has landed in Egypt and another storm is coming."},"content":{"rendered":"

<\/a> Good morning, friends. Want to have breakfast with us in 2022? <\/strong>Go take our<\/a><\/strong>annual Enterprise Reader Poll<\/a><\/strong>. <\/strong>It won\u2019t take more than a couple of minutes of your time. We\u2019ll be inviting eight readers who take the poll to have breakfast with us early in the new year (covid restrictions permitting and all that), and another dozen of you will get spiffy Enterprise mugs to help you mainline your morning java.<\/p>\n

And with that, let\u2019s get this second-to-last week of 2021 on the road. <\/strong><\/p>\n

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

PSA #1- Property owners have until Friday, 31 December to pay the second installment of <\/strong>their annual real estate taxes without incurring a late fee<\/strong>, Tax Authority boss Anwar Fawzy said in a statement<\/a> yesterday. The first installment was due between 1 January and 30 June. Homeowners whose primary residence<\/a> is valued at less than EGP 2 mn are exempt from paying the tax, Fawzy noted.<\/p>\n

<\/a> PSA #2- Sandstorms + rainfall to hit most parts of Egypt:<\/strong> Parts of Greater Cairo, northern Upper Egypt, the Suez Canal region, and the Delta are going to be hit by gusting winds today and tomorrow that could develop into sandstorms, the national weather service predicts<\/a>. Look for the mercury to plunge in tandem. Showers could begin later tonight and continue Monday and into Tuesday, the Egyptian Meteorological Authority\u2019s Iman Shaker told Kelma Akhira\u2019s Lamees El Hadidi (watch, runtime: 5:06<\/a>).<\/p>\n

Our favourite weather app concurs <\/strong>and is calling for rain starting tonight in the capital city. Look for the mercury to peak at 18\u00b0C today and 15\u00b0C tomorrow.<\/p>\n

School\u2019s out in four governorates: <\/strong>Alexandria<\/a>, Matrouh<\/a>, Kafr El Sheikh<\/a> and Beheira<\/a> have suspended classes for public and private schools in the expectation of \u201cmoderate to heavy\u201d rains, as well as bouts of dust storms. Matrouh and Beheira suspended classes today, while Alexandria went ahead and canceled classes for today and tomorrow, Alexandria Governor Mohamed El Sherif told El Hekaya\u2019s Amr Adib (watch, runtime: 8:07<\/a>).<\/p>\n

A potential overhaul of Alexandria\u2019s drainage system? <\/strong>El Sherif is scheduled to meet Housing Minister Assem El Gazzar and Local Development Minister Mahmoud Shaarawi in a couple of days to discuss a plan to develop and reform Alexandria\u2019s drainage system in several phases, he told Adib. A similar proposal<\/a> was made by Alexandria University back in 2016 to build a new drainage network to collect, store, and recycle rainwater, but no steps have been taken since then.<\/p>\n

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\n Get Enterprise<\/b> daily
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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

THE BIG STORY ABROAD- <\/strong>It\u2019s feeling kind of apocalyptic out there this morning \u2014 in a <\/strong>covid-19 way<\/strong> as the Omicron variant spreads globally. The bug, which landed in Egypt this weekend, has led the Netherlands to order bars, restaurants, cinemas, gyms and many shops to close until mid-January (Financial Times<\/a> | CNBC<\/a>). The Dutch are the first in the EU to go to that length this time \u2018round. Offices are canceling holiday parties (New York Times<\/a> | Wall Street Journal<\/a> | Axios<\/a>). US President Joe Biden is going to issue a \u201cstark warning\u201d on vaccinations (Bloomberg<\/a>), while Fortune<\/a> notes that Omicron has \u201cblindsided\u201d the world and Canada is starting to reimpose restrictions (Globe & Mail<\/a>).<\/p>\n

The <\/strong>TRY hit fresh lows (again) on Friday,<\/strong> closing at 16.41 to the USD<\/a>, after plunging to record 15.65 to the USD immediately following the Turkish central bank\u2019s announcement that it would cut interest rates for the fourth consecutive month<\/a>. The TRY\u2019s downward spiral, which has seen it shed half its value since the start of the year, caused trading to be temporarily suspended on the Istanbul bourse on Friday after its main index crashed 5%, the Financial Times<\/a>reports.<\/p>\n

Annual inflation now stands at 21% in Turkey<\/strong>, leading President Recep Tayyip Erdogan to announce a 50% hike<\/a> in the minimum wage in an attempt to cushion the blow to workers (and his poll ratings). Erdogan has repeatedly refused to raise rates, the result of his theory that high borrowing costs stoke inflation \u2014 a belief that the Wall Street Journal<\/a> succinctly describes as \u201cthe opposite of what economies around the world have experienced through history.\u201d<\/p>\n

IN MEMORIAM- Emirati b\u2019naire Majid Al Futtaim passed away on Friday.<\/strong> Al Futtaim, who was in his 80s, is the founder of his namesake conglomerate Majid Al Futtaim Group and is known for overseeing the development of Dubai from the 1960s. The National<\/a> was out with an obituary.<\/p>\n

Egypt walked away from the Arab Cup in fourth place<\/strong> after losing 5-4 following a penalty shoot-out in its consolation game against Qatar.<\/p>\n

Algeria took home the trophy for the first time in its history <\/strong>after beating Tunisia 2-0, with two strikes in overtime sealing the historic victory.<\/p>\n

MORNING MUST READ- <\/strong><\/p>\n

<\/a> Investing might never be the same<\/strong>, or so says Bloomberg<\/a>, which takes us on a journey of the wild and wonderful changes that 2021 \u2014 a year that catapulted NFTs to the spotlight and made crypto trendy rather than just the domain of underworldly internet geeks \u2014 has brought to investing. Kicking off with meme-stock traders<\/a> plying the Internet for the next big thing \u2014 which in early 2021 was Gamestop \u2014 to the birth of new virtual communities during lockdown and a growing fascination with crypto and NFTs, the column looks at all the ways that managing your monies has changed this year. And that\u2019s not to say that investing the old-fashioned way hasn\u2019t been profitable: The S&P 500 index fund grew by 25% this year. In the meantime, crypto exchanges like Coinbase have more than doubled their user base in just under two years.<\/p>\n

Not sure what an NFT is? <\/strong>We\u2019ve got your back.<\/a><\/p>\n

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

Swvl and Magalix<\/strong> are holding a virtual fireside chat <\/strong>titled Stories of Women in the Tech <\/strong>Field <\/strong>on Tuesday 21 December, at 7pm<\/strong>. Connect to the event<\/a>here<\/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 What\u2019s Next day:<\/strong> We have our weekly deep-dive into what makes and shapes pre-listed companies and startups in Egypt, the UAE and KSA, touching on investment trends, future sector insights and growth journeys.<\/p>\n

In today\u2019s issue:<\/strong> How two family businesses transformed themselves into publicly-traded <\/strong>institutions. <\/strong>In the past two weeks, we looked at how Egyptian family businesses fared in the covid era \u2014 and what they need to do to be ready for the challenges ahead. Now, it\u2019s time we hear from people who\u2019ve actually taken the leap. Today, we speak to the leaders of IDH and CIRA about the lessons they\u2019ve learned as they\u2019ve transitioned from family-run operations to leading players in their respective markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends. Want to have breakfast with us in 2022? Go take ourannual Enterprise Reader Poll. It won\u2019t take more than a couple of minutes of your time. We\u2019ll be inviting eight readers who take the poll to have breakfast with us early in the new year (covid restrictions permitting and all that), and […]<\/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":[535,73,3052,72,213,3056,296,162,351,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554049","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-algeria","tag-education","tag-egyptian-meteorological-authority","tag-enterpriseam","tag-infrastructure-watch","tag-matrouh","tag-qatar","tag-sports","tag-tunisia","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"be07853d-8c32-4ea7-90c9-c5264f9def78","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[554047],"teaser":"","voice_url":""},"yoast_head":"\nTHIS MORNING: Take our annual Enterprise Reader Poll for the chance to have breakfast with us in 2022. 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Expect corporate news to stage a comeback in a few days\u2019 time \u2014 much of corporate Egypt seems to be dreaming of a three-day weekend before \u201creally\u201d\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":554082,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/this-morning-the-kids-are-staying-home-again-today-plus-its-all-about-omicron-abroad\/","url_meta":{"origin":554049,"position":1},"title":"THIS MORNING: The kids are staying home again today. Plus: It\u2019s all about Omicron abroad.","author":"enterpriseam admin","date":"20 December 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to another chilly morning. It\u2019s a reasonably quiet news morning at home (by 2020 \/ 2021 standards) and the omicron strain of the bug that causes covid-19 still tops front pages globally.PSA- School\u2019s out (again) in seven governorates, including Cairo, Giza, Damietta, Alexandria, Matrouh,\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":554192,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/23\/this-morning-a-quiet-end-to-the-workweek-schools-out-again-in-alexandria-football-crypto-tokens-are-under-a-watchful-eye\/","url_meta":{"origin":554049,"position":2},"title":"THIS MORNING: A quiet end to the workweek; school\u2019s out (again) in Alexandria; football crypto tokens are under a watchful eye","author":"enterpriseam admin","date":"23 December 2021","format":false,"excerpt":"Good morning, ladies and gents, and welcome to the second-to-last Thursday of the year. We\u2019re within arm\u2019s reach of (western) Christmas and it\u2019ll be time to ring in the new year before you know it.PSA #1- Our customary end-of-year publication holiday season is upon us: EnterprisePM will continue to be\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":554152,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/this-morning-ghazl-el-mahallas-subscription-period-will-be-announced-this-week-russia-vs-nato-showdown-is-still-a-thing-equities-bounce-back-but-omicron-fears-remain\/","url_meta":{"origin":554049,"position":3},"title":"THIS MORNING: Ghazl El Mahalla\u2019s subscription period will be announced this week; Russia vs. Nato showdown is still a thing; equities bounce back but omicron fears remain","author":"enterpriseam admin","date":"22 December 2021","format":false,"excerpt":"Good morning, everyone, and happy Wednesday to you all. Just three more sleeps until (western) Christmas for the kids out there who celebrate the occasion.PSA #1- We\u2019re taking a handful of our customary end-of-year publication holidays. EnterprisePM is going on break today and will return on 2 January. 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And just like some of you, the news appears to be bridging the New Year with the banking holiday this Thursday in observance of Coptic Christmas. There are a few hours left for you to take our annual reader poll \u2014 and potentially join us\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":554313,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/29\/this-morning-its-the-final-enterpriseam-issue-of-2021-recapping-a-year-packed-with-fresh-investment-ma-and-a-freshly-restocked-ipo-program\/","url_meta":{"origin":554049,"position":5},"title":"THIS MORNING: It\u2019s the final EnterpriseAM issue of 2021, recapping a year packed with fresh investment, M&A and a freshly restocked IPO program","author":"enterpriseam admin","date":"29 December 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to our final issue of EnterpriseAM for 2021. We hope the year has been kind to you and that you\u2019re looking forward to 2022 as much as we are.THANK YOU, all of you, for choosing to start and end your days with us. 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