{"id":556510,"date":"2021-10-28T04:20:56","date_gmt":"2021-10-28T04:20:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/28\/this-morning-threat-to-egyptair-flight-deemed-a-hoax-health-minister-out-of-hospital-after-reported-heart-attack\/"},"modified":"2021-10-28T04:20:56","modified_gmt":"2021-10-28T04:20:56","slug":"this-morning-threat-to-egyptair-flight-deemed-a-hoax-health-minister-out-of-hospital-after-reported-heart-attack","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/28\/this-morning-threat-to-egyptair-flight-deemed-a-hoax-health-minister-out-of-hospital-after-reported-heart-attack\/","title":{"rendered":"THIS MORNING: Threat to EgyptAir flight deemed a hoax, health minister out of hospital after reported heart attack"},"content":{"rendered":"

Good morning, friends, and welcome to the final workday of the week. <\/strong>We have a packed issue for you this morning, so let\u2019s jump right in:<\/p>\n

<\/a> DRIVING THE STORY in Cairo: Its interest rate day.<\/strong> The Central Bank of Egypt will likely leave interest rates on hold when it meets later today for its penultimate policy meeting of 2021. All 12 analysts polled by Enterprise<\/a> see policymakers leaving the benchmark rate at 8.25% to protect portfolio flows and hedge against inflation, which is expected to continue to pick up in the coming months due to rising food and energy prices.<\/p>\n

<\/a> A \u201cthreatening letter\u201d found a seat on an EgyptAir flight heading to Moscow from Cairo <\/strong>was deemed a hoax<\/strong> and an alternative flight was arranged yesterday, EgyptAir boss Amr Abou El Enein said in a conversation with MBC Masr\u2019s Sherif Amer (watch, runtime: 5:56<\/a>). Crew members found the letter yesterday 20 minutes after takeoff, prompting pilots to turn back to the airport. Direct flights between Russia and Egypt\u2019s Red Sea destinations resumed<\/a> just a few months ago after a six-year hiatus following the 2015 Russian metrojet crash.<\/p>\n

Meanwhile- EgyptAir is currently considering adding direct flights between Hurghada and <\/strong>Aswan in Upper Egypt<\/strong> after flights from Sharm El Sheikh to the Luxor began earlier this month, Abou El Enein said separately, according to Al Shorouk<\/a> The move is part of a plan to encourage Red Sea resort visitors to also head down south for cultural tourism during their stay.<\/p>\n

Health Minister Hala Zayed was discharged from hospital yesterday as her health <\/strong>improved after a heart attack<\/strong>, Hazem Khamis, Wadi El Nile Hospital\u2019s medical director, told Masrawy<\/a>.<\/p>\n

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THE BIG STORY ABROAD- ESG is the story of the day after an activist investor took a big <\/strong>stake in Shell \u2014 and promptly used it as a platform to demand the oil giant be broken up. <\/strong>Activist hedge fund Third Point has taken a stake worth well over USD 500 mn in Royal Dutch Shell and is calling on the firm to \u201cconsider creating two stand-alone companies: one with legacy businesses such as refining that would provide steady cash flow and another that houses renewables and other units requiring substantial investment.\u201d The Wall Street Journal<\/a> and Financial Times<\/a> are each claiming the story as an exclusive.<\/p>\n

Expect our very rapidly warming planet to dominate the global business news cycle next <\/strong>week <\/strong>as the COP 26 summit gets underway.<\/p>\n

And be prepared for more investors asking whether pressure from ESG investing is <\/strong>turbocharging the still-emerging global energy crisis. <\/strong>Blackstone founder Steve Schwarzman says that ESG is threatening to create a massive energy shortage by making it impossible for oil companies to get funding to drill new wells \u2014 and BlackRock boss Larry Fink is warning that \u201coutflows from the fossil-fuel industry may be overdone.\u201d The key: Governments will need to help manage our global transition away from fossil fuels and toward greener energy sources, Schwarzman said in Riyadh this week. The New York Times\u2019 Dealbook<\/a> and Matt Levine in his inimitable Money Stuff<\/a> both have the story.<\/p>\n

ALSO- The World Bank has halted aid disbursement to Sudan <\/strong>in response to the military\u2019s assumption of power there, the group said in a statement<\/a> yesterday. The move follows the US\u2019 suspension<\/a> of USD 700 mn in aid to Sudan and the African Union\u2019s suspension<\/a> of the country\u2019s membership \u201cuntil the effective restoration of the civilian-led Transitional Authority.\u201d<\/p>\n

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

It\u2019s a new month next week:<\/strong> Here are dates for some key news triggers as we enter November:<\/p>\n