{"id":555328,"date":"2021-11-10T04:00:01","date_gmt":"2021-11-10T04:00:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/10\/this-morning-its-inflation-day-uk-to-relax-quarantine-rules-for-people-with-sinovac-sinopharm-jabs\/"},"modified":"2021-11-10T04:00:01","modified_gmt":"2021-11-10T04:00:01","slug":"this-morning-its-inflation-day-uk-to-relax-quarantine-rules-for-people-with-sinovac-sinopharm-jabs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/10\/this-morning-its-inflation-day-uk-to-relax-quarantine-rules-for-people-with-sinovac-sinopharm-jabs\/","title":{"rendered":"THIS MORNING: It\u2019s inflation day; UK to relax quarantine rules for people with Sinovac, Sinopharm jabs."},"content":{"rendered":"

Good morning, friends, and welcome to almost-THURSDAY<\/strong>, where the weekend is nearly in sight after a very, very busy week indeed.<\/p>\n

Three big stories are vying for your attention this morning <\/strong>here at home, including a suggestion that Vodafone\u2019s South African unit<\/a> going after Vodafone Egypt in a bid that resurrects what would be Egypt\u2019s largest-ever acquisition<\/a><\/strong>. Meanwhile, high-level talks<\/strong> between Egypt and the United States have wrapped up, we have a bunch of startup news<\/strong>, and we\u2019ve pulled together your guide to the very, very long list of transportation infrastructure investments<\/strong> and contracts announced at TransMea this week.<\/p>\n

And right on cue\u2026<\/strong> A train derailed on the North Coast yesterday after colliding with a truck, the National Railways Authority said<\/a> in a statement. No injuries were reported among the passengers, but the statement appears to suggest the train driver sustained serious injuries.<\/p>\n

THE BIG STORY ABROAD- The running theme in the global front pages this morning: <\/strong>corporate break-ups <\/strong>in various forms. Whether that\u2019s the news that GE is splitting itself into three separate companies<\/a>, the pressure being put on Apple to open its App Store<\/a> to other payment providers or the slow-motion car crash at Evergrande<\/a>, which is yet again staring default in the face as another bond payment comes due.<\/p>\n

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

<\/a> It\u2019s inflation day:<\/strong> The Central Bank of Egypt and state statistics agency Capmas are set to release inflation figures for October today. Egypt\u2019s headline inflation rate has been slowly ticking up in recent months \u2014 but jumped almost a full percentage point in September, hitting a 20-month high of 6.6%<\/a> on the back of rising food and energy prices.<\/p>\n

We\u2019ll go out on a limb and say that food and energy price inflation has not topped out<\/strong>, especially now manufacturers are seeing their gas bills rise<\/a> by up to 28% and fuel prices rose again<\/a> last month. Fertilizer and chemical producers may raise their prices by as much as 20%<\/a>, a move that would (a) fuel further food price inflation and (b) put more pressure on manufacturers\u2019 operating margins. Throw in the global supply chain bottlenecks that last month contributed to causing input and output prices to accelerate at their quickest pace<\/a> in over three years and, well\u2026<\/p>\n

High interest rates to the rescue:<\/strong> The central bank has left interest rates on hold this year. At 8.25% in a global environment of historically-low interest rates, investors have remained interested in the Egypt carry trade and inflation does not eat too far into their returns, even as it has crept up over recent months.<\/p>\n

Things could change in the coming months:<\/strong> Though Egypt continues to boast the highest<\/a>real interest rates<\/a> in the world, further rises in inflation could soon start to make the EGP less attractive, especially as other countries begin to roll back covid stimulus and raise rates. The key country to watch here is the US, where the Fed is now planning to fully phase out its gigantic bond-buying programme by next June and soon after could start to tighten rates. But other emerging markets could also become more competitive with the EGP carry trade should inflation force central banks into a more aggressive tightening cycle.<\/p>\n

\n

PSA- Travelling to the UK is going to get easier for us in less than two weeks:<\/strong> From 22 November, the British government will add Sinovac, Sinopharm and India\u2019s Covaxin to its list of approved vaccines<\/a>, meaning you won\u2019t have to quarantine for 10 days by default after arrival, the Department of Transport said<\/a> Monday. Currently, the UK only accepts the Oxford\/AstraZeneca, Pfizer-BioNtech, Moderna and the Johnson & Johnson jabs. All travelers under the age of 18 will also be allowed to enter the UK without self-isolating on arrival.<\/p>\n

What you\u2019ll need to do:<\/strong> Everyone who is fully vaccinated with an approved jab no longer needs to take a pre-flight PCR test. Instead, you\u2019ll take either a lateral flow or a PCR test on your second day in the country. Test negative and you\u2019ll avoid quarantine; test positive and you\u2019ll need to self-isolate for 10 days.<\/p>\n

Yo, Canada, France \u2014 you two awake back there? <\/strong>The UK joins the United States<\/a> in explicitly saying \u201cIf the vaccine you took is good enough for the World Health Organization, it\u2019s good enough for us.\u201d Other nations, including two of our favourite countries, are lagging. Canada, for example, doesn\u2019t recognize<\/a> as vaccinated anyone who has taken two shots of Sinovac or Sinopharm, while France requires<\/a> visitors to have at least one jab of an mRNA vaccine on top of Sinovac or Sinopharm to count as vaccinated.<\/p>\n

Another sign of warming ties with Doha:<\/strong> EgyptAir yesterday opened a new office in the Qatari capital, the Egyptian Foreign Ministry said in a statement<\/a>. Egypt\u2019s national flag carrier resumed flights to Qatar<\/a> in January following the signing of the Al Ula Accords, which finally restored diplomatic ties between the two countries and brought an end to the four-year blockade of Qatar by Egypt, KSA, the UAE and Bahrain. This came a day after billboards advertising Al Jazeera were spotted in Cairo<\/a>, raising speculation that the Qatari news channel could be making a comeback in Egypt after eight years of exile.<\/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

Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n

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

CIB Chief Sustainability Officer Dalia Abdel Kader will moderate a panel today in Scotlan <\/strong>on climate change<\/strong> and the reduction of carbon emissions. Environment Minister Yasmine Fouad and Planning Minister Hala El Said are both expected to be in attendance.<\/p>\n

Anghami SPAC merger deadline is almost here:<\/strong> Tomorrow is Anghami\u2019s deadline<\/a> to pull the trigger on a merger with blank-check firm Vista Media Acquisition Company and list on the Nasdaq. The company had previously extended the deadline in August.<\/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, urban development, as well as social infrastructure such as health and education.<\/p>\n

In today\u2019s issue: <\/strong>The first two days of the TransMea transport conference saw Egypt signing a total of 21 agreements with local and international companies. The agreements span the country\u2019s railway projects, Cairo Metro, as well as maritime and inland logistics infrastructure \u2014 but the historically underfunded Cairo Metro was the star of the show.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends, and welcome to almost-THURSDAY, where the weekend is nearly in sight after a very, very busy week indeed. Three big stories are vying for your attention this morning here at home, including a suggestion that Vodafone\u2019s South African unit going after Vodafone Egypt in a bid that resurrects what would be Egypt\u2019s […]<\/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":[330,271,107,168,104,880,72,182,127,296,3220,478,238,207,234,112,113,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555328","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-capmas","tag-central-bank-of-egypt","tag-covid-19","tag-diplomacy","tag-economy","tag-egyptair","tag-enterpriseam","tag-inflation","tag-politics","tag-qatar","tag-sinopharm","tag-sinovac","tag-tourism","tag-transport","tag-travel","tag-uk","tag-vaccines","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c4ae44af-04bd-4cff-b27b-4fe14f56b0c3","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[555326],"teaser":"","voice_url":""},"yoast_head":"\nTHIS MORNING: It\u2019s inflation day; UK to relax quarantine rules for people with Sinovac, Sinopharm jabs. - 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\/11\/10\/this-morning-its-inflation-day-uk-to-relax-quarantine-rules-for-people-with-sinovac-sinopharm-jabs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: It\u2019s inflation day; UK to relax quarantine rules for people with Sinovac, Sinopharm jabs.\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and welcome to almost-THURSDAY, where the weekend is nearly in sight after a very, very busy week indeed. 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The country\u2019s top\u2026","rel":"","context":"In "COVID WATCH"","block_context":{"text":"COVID WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/covid-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561433,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/covid-cases-are-rising-in-egypt-again-we-have-an-agreement-to-make-sinovac\/","url_meta":{"origin":555328,"position":1},"title":"Covid cases are rising in Egypt again + we have an agreement to make Sinovac","author":"enterpriseam admin","date":"7 April 2021","format":false,"excerpt":"Covid cases are beginning to tick up again: The Health Ministry reported 778 new covid-19 infections yesterday, up from 767 the day before and 709 on Sunday. The ministry also reported 43 new deaths, bringing the country\u2019s total death toll to 12,253. Egypt has now disclosed a total of 206,510\u2026","rel":"","context":"In "COVID WATCH"","block_context":{"text":"COVID WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/covid-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561040,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/we-could-make-sinovac-tourism-workers-at-the-head-of-the-line\/","url_meta":{"origin":555328,"position":2},"title":"We could make Sinovac + tourism workers at the head of the line","author":"enterpriseam admin","date":"23 March 2021","format":false,"excerpt":"We could soon be making China\u2019s Sinovac vaccine here at home as Egypt is expected to reach an agreement with the Chinese vaccine maker as early as this month, Zayed said at yesterday\u2019s press conference, Al Hayah Al Youm\u2019s Mohamed Sherdy noted (watch, runtime: 3:31). The minister announced last December\u2026","rel":"","context":"In "COVID WATCH"","block_context":{"text":"COVID WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/covid-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561835,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/22\/vacsera-inks-sinovac-manufacturing-agreements\/","url_meta":{"origin":555328,"position":3},"title":"Vacsera inks Sinovac manufacturing agreements","author":"enterpriseam admin","date":"22 April 2021","format":false,"excerpt":"We just took a big step towards locally-made Sinovac vaccines after state-owned Vacsera signed two joint manufacturing agreements with China\u2019s Sinovac Life Sciences Company to locally produce the vaccine, according to a cabinet statement yesterday. Sinovac will provide Vacsera with all technical information related to the jab, while also conducting\u2026","rel":"","context":"In "COVID WATCH"","block_context":{"text":"COVID WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/covid-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557536,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/how-long-before-egyptian-vaccine-certificates-are-recognized-abroad\/","url_meta":{"origin":555328,"position":4},"title":"How long before Egyptian vaccine certificates are recognized abroad?","author":"enterpriseam admin","date":"22 September 2021","format":false,"excerpt":"The UK is working with the Egyptian government on how to make Egyptian vaccine certificates recognized by the UK, the British Embassy in Cairo said on Twitter yesterday. \u201cWe are now working with the Egyptian government to come up with a mechanism that will make vaccination certificates, for those who\u2026","rel":"","context":"In "COVID WATCH"","block_context":{"text":"COVID WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/covid-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561018,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/egypt-in-the-news-on-22-march-2021\/","url_meta":{"origin":555328,"position":5},"title":"Egypt in the News on 22 March 2021","author":"enterpriseam admin","date":"22 March 2021","format":false,"excerpt":"The passing of high-profile writer and feminist icon Nawal El Saadawi leads the conversation on Egypt this morning (as we note in What We\u2019re Tracking Today, above). In the runner-up spot: coverage of our latest vaccine shipment from China. The Associated Press and Reuters are running with news of the\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"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\/555328","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=555328"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555328\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555326"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555328"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555328"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}