{"id":554117,"date":"2021-12-21T03:59:18","date_gmt":"2021-12-21T03:59:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/"},"modified":"2021-12-21T03:59:18","modified_gmt":"2021-12-21T03:59:18","slug":"this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/","title":{"rendered":"THIS MORNING: EV incentives could be coming + go eat at Sando Haus on the Walk of Cairo"},"content":{"rendered":"

Good morning, friends, and happy hump day. <\/strong>It\u2019s still crisp out there \u2014 8\u00b0C in the capital city as we hit \u201csend\u201d on this morning\u2019s edition. Our favourite weather app is calling for a high today of 18\u00b0C, so bundle up, grab yourself a cup of coffee or hot chocolate, and let\u2019s get this show on the road:<\/p>\n

Your spell of easy commutes are over:<\/strong> Expect traffic to be as congested as usual this morning as schools are back in session in Cairo<\/a> and Alexandria<\/a> after having been closed yesterday due to bad weather conditions. El Beheira<\/a> appears to be the only governorate where classes will remain suspended today to wait out the rest of the storm.<\/p>\n

The stormy weather prompted authorities to close eight ports<\/strong> \u2014 Ain Sokhna, Port Said West, Port Said East, Al Arish, Port Tawfiq, Al Zayteyat, Sharm El Sheikh, and Adabiya \u2014 until conditions improve, Reuters<\/a> reports.<\/p>\n

A solution for Alexandria\u2019s drainage issues is in the works: <\/strong>Plans to split Alexandria\u2019s rain drainage system from the city\u2019s main sewage network, which would help increase capacity for containing rainwater in events of heavy rainfall on the city, will soon be drawn up, cabinet said in a statement<\/a>. The order from Prime Minister Moustafa Madbouly came following a meeting yesterday to discuss solutions for infrastructure issues facing the coastal city, including the rapid flooding of streets during storms and following heavy rainfall, which has led to several days of school closures.<\/p>\n

*** <\/strong><\/p>\n

<\/a> WANT TO HAVE BREAKFAST WITH US?<\/strong> Every year, we ask our readers to weigh in on what you expect for the year ahead in our Enterprise Reader Poll<\/a>. Take a few minutes to give us your take on the outlook for your business and industry, whether you\u2019re planning fresh investments and new hires, and how your business fared in the year past. We\u2019ll share the results with the entire community in early January to help you shape your view of the year.<\/p>\n

We\u2019ll be inviting eight readers who take the poll to breakfast in 2022<\/strong> and another dozen of you will get your very own Enterprise mug in which to enjoy your morning beverage of choice.
***<\/p>\n

WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n

WATCH THIS SPACE- Electric vehicle production could be in line for some \u201cincentives\u201d<\/strong> from the government<\/strong>, Finance Minister Mohamed Maait said at a business event yesterday, Al Shorouk<\/a> reports. Maait signaled that the incentives could be part of a wider package of measures for the automotive industry, which Prime Minister Moustafa Madbouly signaled earlier this month could finally see the light<\/a> before the year is out. These incentives, known as the automotive strategy, could include customs reductions on a sliding scale based on the percentage of domestic components used.<\/p>\n

Swvl and Magalix are holding a virtual fireside chat<\/strong> titled Stories of Women in the Tech Field tonight at 7pm. Connect to the event here<\/a>.<\/p>\n

? Is there anything better than a warm sandwich and a hot cup of coffee on a cold winter <\/strong>day? <\/strong>We think not \u2014 which is why we\u2019re chuffed that Sahel staple Sando has opened in the capital city. Nada Amin, a top-ranked research analyst at EFG Hermes in another life, created the brand with her brother and now serves Japanese-inspired sandwiches from their new location on the Walk of Cairo (gate two), with delivery to Zayed and Smart Village. Check them out at Sando.Haus on IG.<\/a><\/p>\n

Our favourites: <\/strong>Tiger\u2019s treat and the samurai sando. Throw in a \u201ckawaii\u201d for good measure \u2014 Sando\u2019s take on a classic PB&J.<\/p>\n

\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 is news that the omicron variant now accounts for nearly 75%<\/strong> of all new cases in the United States<\/strong>, underscoring how fast this particular bug spreads. The story leads the front pages of the global business press, from the FT<\/a> to the WSJ<\/a> and Axios<\/a>.<\/p>\n

Nato is ready to talk things out with Russia: <\/strong>Nato allies are \u201cresigned\u201d to the need to open dialogue with Russia despite the \u201cimpossibility\u201d of many of Moscow\u2019s demands in hopes of defusing tensions over Moscow\u2019s military build-up on its border with Ukraine, the Financial Times<\/a> reports.<\/p>\n

SIGN OF THE TIMES- Investors poured <\/strong>USD 30 bn into crypto this year<\/a><\/strong>, Fortune reports, saying that\u2019s more than all the previous years combined. Bloomberg<\/a> has more.<\/p>\n

MARKET WATCH- <\/strong><\/p>\n

<\/a> It was a rare good day for the TRY yesterday, which posted the strongest<\/strong> one-day gain<\/strong> since 1983<\/strong> after Turkish President Recep Tayyip Erdogan announced measures to shore up the currency that has taken a beating from Erdogan\u2019s insistence on cutting interest rates, Bloomberg<\/a> reports. After falling to a fresh record low of 18.36 against the greenback earlier in the day, the TRY soared 47% from its intraday low. The announced measures include a vow that the government will compensate TRY deposit holders for their losses from TRY volatility if the currency\u2019s \u201cdeclines against hard currencies exceed interest rates promised by banks.\u201d<\/p>\n

Except \u2026 not so much? The TRY is down so far today in early trading in Asia<\/strong>, Bloomberg<\/a> reports.<\/p>\n

Not having a good day: Oil, which plunged on its worst day this month<\/strong>, with WTI futures for January closing down 3.7%, trading at around USD 68 \/ bbl on the back of growing concerns over the Omicron variant\u2019s spread, ramped up covid-19 restrictions and the derailment of US President Joe Biden\u2019s Build Back Better spending initiative, according to Bloomberg<\/a>.<\/p>\n

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

PSA- Property owners <\/strong>have until Friday, 31 December<\/a><\/strong> to pay the second installment of <\/strong>their annual real estate taxes without incurring a late fee<\/strong>. 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.<\/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

The green economy in 2021: Part I. <\/strong>2021 saw Egypt demonstrating its commitment to using greener forms of energy generation, announcing several big renewables projects, kickstarting the process of converting thousands of vehicles to run on natural gas, and moving forward with plans to locally produce electric vehicles. Progress was somewhat stunted by the global economic backdrop, which was characterized by supply chain snarls and soaring commodities prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends, and happy hump day. It\u2019s still crisp out there \u2014 8\u00b0C in the capital city as we hit \u201csend\u201d on this morning\u2019s edition. Our favourite weather app is calling for a high today of 18\u00b0C, so bundle up, grab yourself a cup of coffee or hot chocolate, and let\u2019s get this show […]<\/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":[72,246,213,1301,277,270,218,304,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554117","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-green-economy","tag-infrastructure-watch","tag-market-watch","tag-mohamed-maait","tag-russia","tag-turkey","tag-ukraine","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"813a74d0-1505-4f78-b7b9-11bbff6a2f4a","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[554115],"teaser":"","voice_url":""},"yoast_head":"\nTHIS MORNING: EV incentives could be coming + go eat at Sando Haus on the Walk of Cairo - 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\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: EV incentives could be coming + go eat at Sando Haus on the Walk of Cairo\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and happy hump day. 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Our favourite weather app is calling for a high today of 18\u00b0C, so bundle up, grab yourself a cup of coffee or hot chocolate, and let\u2019s get this show […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-12-21T03:59:18+00:00","og_image":[{"url":"https:\/\/ent.news\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS MORNING: EV incentives could be coming + go eat at Sando Haus on the Walk of Cairo","datePublished":"2021-12-21T03:59:18+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/"},"wordCount":1136,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png","keywords":["EnterpriseAM","Green Economy","infrastructure watch","Market Watch","Mohamed Maait","Russia","Turkey","Ukraine","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/this-morning-ev-incentives-could-be-coming-go-eat-at-sando-haus-on-the-walk-of-cairo\/","name":"THIS MORNING: EV incentives could be coming + go eat at Sando Haus on the Walk of Cairo - 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Look for a high temperature of 30\u00b0C in Cairo\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\/2018\/4\/1848.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628616,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/egyptian-indie-film-yomeddine-premieres-at-71st-cannes-film-festival-today\/","url_meta":{"origin":554117,"position":1},"title":"Egyptian indie film Yomeddine premieres at 71st Cannes Film Festival today","author":"enterpriseam admin","date":"9 May 2018","format":false,"excerpt":"We\u2019re beaming with pride this morning because Egyptian indie film Yomeddine premieres today at the 71st Cannes Film Festival. Yomeddine will compete in the prestigious event for the Palme d\u2019Or \u2014 the highest prize awarded at the annual festival. Directed by first-time Egyptian-Austrian filmmaker Abu Bakr Shawky, Yomeddine follows the\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\/2018\/5\/532.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628358,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/expect-hot-and-dusty-weather-to-continue-today\/","url_meta":{"origin":554117,"position":2},"title":"Expect hot and dusty weather to continue today","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"PSA- Expect hot and dusty weather to continue today across the country. The aftermath of a sandstorm that hit parts of Egypt on Monday, affecting visibility and closing several highways in the south, is expected to last until Friday, which will see the week\u2019s highest temperature at 40\u00b0C, the national\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\/2018\/5\/206.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559194,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/13\/what-were-tracking-on-13-january-2021\/","url_meta":{"origin":554117,"position":3},"title":"What we\u2019re tracking on 13 January 2021","author":"enterpriseam admin","date":"13 January 2021","format":false,"excerpt":"We have plenty of news for you on this fine Wednesday morning, starting with a surprise announcement from the Central Bank of Egypt that the nation\u2019s banks cannot distribute cash dividends for fiscal year 2020, though they may issue dividends in the form of stock. 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Rain is also forecast to sweep the Delta, there\u2019s\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554117","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=554117"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554117\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/554115"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554117"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=554117"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=554117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}