{"id":554348,"date":"2021-12-01T13:38:51","date_gmt":"2021-12-01T13:38:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/"},"modified":"2021-12-01T13:38:51","modified_gmt":"2021-12-01T13:38:51","slug":"tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/","title":{"rendered":"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility"},"content":{"rendered":"<p><strong>Good afternoon, ladies and gents, and a very happy almost-THURSDAY<\/strong> \u2014 as we like to call it here at Enterprise \u2014 to us all. It\u2019s one of those days that can\u2019t quite be called \u201cquiet\u201d but also isn\u2019t entirely remarkable.<\/p>\n<p><strong>THE BIG STORY TODAY- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Auto manufacturing incentives could be ready this month: <\/strong>After years of <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/11\/is-egypts-auto-manufacturing-incentives-package-coming-out-of-hibernation-soon-8271\/\">delays<\/a>, <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/13\/govt-to-have-automotive-directive-ready-by-the-fall\/\">revisions<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/30\/govt-plans-to-scrap-automotive-directive-and-will-replace-it-with-special-zones\/\">overhauls<\/a>, the long-awaited automotive strategy could finally see the light this month, Prime Minister Moustafa Madbouly announced during a sitdown with representatives from General Motors International and Al Mansour Automotive, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/284747960362298\">statement<\/a>. The strategy, which aims to grow the domestic auto industry and its feeder industries, would grant local assemblers incentives that enable them to manufacture vehicles using local components, as well as work on providing the technology infrastructure needed for manufacturing components to local industry players.<\/p>\n<p><strong>HAPPE<\/strong><strong>NING NOW- <\/strong><\/p>\n<p><strong>Unvaccinated citizens were barred from entering government facilities, notary offices,<\/strong><strong> and Egypt Post branches as of this morning<\/strong>, as per directives from the Madbouly government. Individuals without proof of vaccination or a PCR test no older than 72 hours were prevented from entering several buildings.<\/p>\n<p><strong>The local press were all over the news: <\/strong><a href=\"https:\/\/bit.ly\/3G1QULA\">Youm7<\/a> | <a href=\"https:\/\/gate.ahram.org.eg\/News\/3163452.aspx4\">Ahram Gate<\/a> | <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2473839\">Al Masry Al Youm<\/a> | <a href=\"https:\/\/www.elwatannews.com\/news\/details\/5832382\">El Watan<\/a> | <a href=\"https:\/\/bit.ly\/3rwecW5\">Akhbar El Yom<\/a><\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Egypt is starting to get hit with travel restrictions:<\/strong> Canada <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/51abfd0f-ec95-4485-bfa8-0007e568c0c8\">barred<\/a> non-citizens traveling from or through Egypt in the previous 14 days from entering Canada, after Ecuador introduced similar restrictions on Egypt and seven countries from southern Africa.<\/li>\n<li><strong>Real estate developers may soon be coming under closer scrutiny<\/strong> after the Madbouly cabinet yesterday <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/648075fa-e6b2-49d9-b251-496574617fba\">greenlit<\/a> new regulations designed to protect consumers and reduce market risk.<\/li>\n<li><strong>A cocktail of ESG bonds:<\/strong> Companies in Egypt will soon <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4936aed7-6841-46cc-b4bd-fabf94700cff\">be able<\/a> to list social, ESG, gender equity and women\u2019s empowerment, and sustainable development bonds on the EGX under new amendments to the executive regulations of the Capital Markets Act<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD- <\/strong><\/p>\n<p><strong>Did you think it was going to be anything other than Omicron?<\/strong> The new variant is still occupying prime real estate on most international outlets\u2019 front pages this afternoon, as the strain continues to spread and more countries impose travel restrictions. Saudi Arabia, Nigeria, and Norway are among those reporting their first cases of Omicron. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-30\/omicron-reaches-latin-america-merck-pill-backed-virus-update?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>, <a href=\"https:\/\/www.bbc.com\/news\/live\/uk-59487399\">BBC<\/a>, and the <a href=\"https:\/\/www.nytimes.com\/live\/2021\/12\/01\/world\/omicron-variant-covid\">New York Times<\/a> have more.<\/p>\n<p><strong>MARKET WATCH- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Turkey\u2019s central bank steps in to stymie TRY collapse:<\/strong> The currency soared 8.5% against the greenback earlier today before cooling down to clock a 3.3% rise on the back of the central bank\u2019s announcement that it is intervening in the FX market for the first time in seven years. The move, which came after the TRY fell to record lows <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/a0f4fbc6-5ec2-4b24-b18e-ce82eec50354\">yesterday<\/a>, could temporarily temper the currency\u2019s volatility but is unlikely to have a long-term stabilizing effect, as Turkey\u2019s dwindling FX reserves mean the central bank is unlikely to be able to sell \u201csubstantial amounts of USD on a regular basis,\u201d one analyst says. President Recep Tayyip Erdogan\u2019s unorthodox economic policy of lowering interest rates to power economic growth and create jobs has wiped out a third of the currency\u2019s value in the past month. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-01\/turkey-central-bank-intervenes-in-fx-markets-to-stabilize-lira-kwnbq7gs?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> and the <a href=\"https:\/\/www.wsj.com\/articles\/turkish-lira-plumbs-record-low-on-erdogans-continued-calls-for-rate-cuts-11638347691\">Wall Street Journal<\/a> have the story.<\/p>\n<p><strong>Volatility is also the name of the game in oil markets ahead of tomorrow\u2019s OPEC+<\/strong><strong> meeting<\/strong>, with prices rebounding today from an Omicron-fueled selloff yesterday, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-30\/oil-rises-after-slump-as-investor-focus-swings-to-opec-meeting?sref=mmeFTDW1\">Bloomberg<\/a>. Market watchers expect the oil cartel to postpone ramping up supplies after US President Joe Biden decided last month to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c881293b-debd-49bd-8243-00c63ef98242\">tap into reserves<\/a> and release 50 mn bbl of crude. OPEC+ was expected to increase production by 400k bbl\/d as of January, but could decide to step back and take stock of the effect of Biden\u2019s oil dump and the Omicron variant on markets. WTI futures for January are up 4.4% to USD 69.07\/bbl and Brent crude futures are up 4.6% to USD 72.43\/bbl.<\/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>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>It\u2019s a new month.<\/strong> The key news triggers to keep your eye on at the start of December:<\/p>\n<ul>\n<li><strong>PMI:<\/strong> Purchasing managers\u2019 index figures for November for Egypt, Saudi Arabia, and Qatar will be released on Sunday, 5 December. Figures for the UAE, which normally come out on the same day as Egypt and Saudi, will be released two days later on Tuesday, 7 December.<\/li>\n<li><strong>Foreign reserves:<\/strong> November\u2019s foreign reserves figures will be released during the first week of the month.<\/li>\n<li><strong>Inflation:<\/strong> Inflation figures for November will be released on Thursday, 9 December. Data for inflation typically appears on the 10th of every month, but is moved up one day if that falls on a Friday.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee will hold its final meeting for the year to review interest rates on Thursday, 16 December.<\/li>\n<\/ul>\n<p><strong>You have until 24 January to submit your local project proposals to Germany\u2019s KfW<\/strong><strong> Development Bank\u2019s <\/strong>investing for <a href=\"https:\/\/ent.news\/2021\/11\/2021-11-30_FINAL_EGY-Launch-en.pdf\">employment facility (pdf)<\/a>. The bank will give grants to projects that drive job creation, especially those that are considered green. You can find more information on how to <a href=\"https:\/\/invest-for-jobs.com\/en\/investing-for-employment#top\">apply here<\/a>.<\/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>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect the mercury to hold steady at 22\u00b0C during the day before falling to 13\u00b0C at night, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gents, and a very happy almost-THURSDAY \u2014 as we like to call it here at Enterprise \u2014 to us all. It\u2019s one of those days that can\u2019t quite be called \u201cquiet\u201d but also isn\u2019t entirely remarkable. THE BIG STORY TODAY- Auto manufacturing incentives could be ready this month: After years of [&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":[7213],"tags":[144,357,159,633,131,281,128,221,218,113,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554348","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-automotive","tag-automotive-directive","tag-egypt-post","tag-enterprisepm","tag-manufacturing","tag-moustafa-madbouly","tag-opec","tag-recep-tayyip-erdogan","tag-turkey","tag-vaccines","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"26f7b9ad-567e-4250-b111-27bed84ed575","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[554346],"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>TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility - 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\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, ladies and gents, and a very happy almost-THURSDAY \u2014 as we like to call it here at Enterprise \u2014 to us all. It\u2019s one of those days that can\u2019t quite be called \u201cquiet\u201d but also isn\u2019t entirely remarkable. THE BIG STORY TODAY- Auto manufacturing incentives could be ready this month: After years of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-01T13:38:51+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility\",\"datePublished\":\"2021-12-01T13:38:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/\"},\"wordCount\":935,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"automotive\",\"Automotive Directive\",\"Egypt Post\",\"EnterprisePM\",\"Manufacturing\",\"Moustafa Madbouly\",\"OPEC\",\"Recep Tayyip Erdogan\",\"Turkey\",\"vaccines\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/\",\"name\":\"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-12-01T13:38:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/","og_locale":"en_US","og_type":"article","og_title":"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility","og_description":"Good afternoon, ladies and gents, and a very happy almost-THURSDAY \u2014 as we like to call it here at Enterprise \u2014 to us all. It\u2019s one of those days that can\u2019t quite be called \u201cquiet\u201d but also isn\u2019t entirely remarkable. THE BIG STORY TODAY- Auto manufacturing incentives could be ready this month: After years of [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-12-01T13:38:51+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility","datePublished":"2021-12-01T13:38:51+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/"},"wordCount":935,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["automotive","Automotive Directive","Egypt Post","EnterprisePM","Manufacturing","Moustafa Madbouly","OPEC","Recep Tayyip Erdogan","Turkey","vaccines","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/","name":"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-12-01T13:38:51+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/tonight-the-automotive-strategy-is-coming-this-month-omicron-is-still-all-over-the-front-pages-oil-markets-are-awash-with-volatility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"TONIGHT: The automotive strategy is coming this month + Omicron is still all over the front pages + oil markets are awash with volatility"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":554162,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/","url_meta":{"origin":554348,"position":0},"title":"Final stop for the automotive strategy?","author":"enterpriseam admin","date":"22 December 2021","format":false,"excerpt":"Industry players will weigh in on the long-awaited automotive strategy as the government looks to finalize the incentives package, cabinet said in a statement yesterday. Prime Minister Moustafa Madbouly has previously said the strategy \u2014 which aims to grow the domestic auto industry and the sectors that feed it parts,\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/452.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581764,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/23\/stellantis-nissan-and-mansour-could-invest-usd-145-mn-in-local-assembly\/","url_meta":{"origin":554348,"position":1},"title":"Stellantis, Nissan and Mansour could invest USD 145 mn in local assembly","author":"enterpriseam admin","date":"23 February 2023","format":false,"excerpt":"Stellantis, Nissan and Al Mansour Automotive could invest a total of USD 145 mn in the nation\u2019s auto industry over the next three years under individual framework agreements signed with the government earlier this month, Prime Minister Moustafa Madbouly said yesterday. If all three agreements are executed, the companies would\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/car-manufacturing-1600px-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594641,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/will-egypts-auto-manufacturers-incentives-strategy-see-the-light-of-day-soon\/","url_meta":{"origin":554348,"position":2},"title":"Will Egypt\u2019s auto manufacturers incentives strategy see the light of day soon?","author":"enterpriseam admin","date":"3 September 2019","format":false,"excerpt":"Will the auto manufacturers incentives strategy see the light of day soon? The Madbouly Cabinet\u2019s economic group reviewed yesterday a proposed package of incentives for automotive manufacturers to spur domestic manufacturing and assembly, according to a Cabinet statement. Prime Minister Moustafa Madbouly ordered the finance and trade and industry ministries\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553407,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/","url_meta":{"origin":554348,"position":3},"title":"GM + Al Mansour Auto could partner up to produce EVs","author":"enterpriseam admin","date":"2 December 2021","format":false,"excerpt":"General Motors and Al Mansour Automotive could partner up to produce electric vehicles in Egypt under a memorandum of understanding signed by the two companies yesterday, Mansour Auto Chairman Mohamed Mansour told Reuters. The companies will assess production requirements, sales volumes, and the incentives that are on offer, and will\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/208.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585816,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/30\/this-evening-automotive-sales-dropped-again-in-march-gem-grand-opening-slated-for-november\/","url_meta":{"origin":554348,"position":4},"title":"THIS EVENING: Automotive sales dropped again in March + GEM grand opening slated for November?","author":"enterpriseam admin","date":"30 April 2023","format":false,"excerpt":"Good afternoon, wonderful people, and welcome to another shortened workweek. In case you needed reminding, we\u2019re going to have a four-day week as the nation takes this Thursday off in observance of Labor Day. THE BIG STORY TODAY The automotive industry still hasn\u2019t recovered: Automotive sales continued their decline in\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","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\/2023\/4\/51.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546934,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/cabinet-to-establish-automotive-policy-committee-fund-for-sustainable-transport\/","url_meta":{"origin":554348,"position":5},"title":"Cabinet to establish automotive policy committee + fund for sustainable transport","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"A new automotive policy committee and changes to the law governing the Sovereign Fund of Egypt (SFE) were approved during the weekly cabinet meeting yesterday, cabinet said in a statement. The automotive committee will be tasked with setting a policy framework for legislative and administrative reforms in the industry, as\u2026","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/110.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554348","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=554348"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554348\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/554346"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554348"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=554348"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=554348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}