{"id":557775,"date":"2021-09-01T13:25:57","date_gmt":"2021-09-01T13:25:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/01\/tonight-black-mirror-day-on-enterprise-big-day-for-egypts-transportation-also-watch-white-lotus-on-hbo-egypts-world-cup-qualifier-campaign-begins-tonight\/"},"modified":"2021-09-01T13:25:57","modified_gmt":"2021-09-01T13:25:57","slug":"tonight-black-mirror-day-on-enterprise-big-day-for-egypts-transportation-also-watch-white-lotus-on-hbo-egypts-world-cup-qualifier-campaign-begins-tonight","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/01\/tonight-black-mirror-day-on-enterprise-big-day-for-egypts-transportation-also-watch-white-lotus-on-hbo-egypts-world-cup-qualifier-campaign-begins-tonight\/","title":{"rendered":"TONIGHT: Black Mirror day on Enterprise + Big day for Egypt\u2019s transportation. Also: Watch White Lotus on HBO + Egypt\u2019s World Cup qualifier campaign begins tonight"},"content":{"rendered":"

It\u2019s the unofficial Black Mirror edition of EnterprisePM<\/strong>, ladies and gentlemen, where we explore how tech is changing the landscape of business globally. Meanwhile, infrastructure topped headlines today in the local press.<\/p>\n

<\/a> THE BIG STORIES TODAY-<\/strong><\/p>\n

#1-<\/strong> Siemens, OC and AC win USD 4.4 bn rail contract:<\/strong> A consortium consisting of Siemens Mobility, Orascom Construction (OC) and the Arab Contractors (AC) have signed a USD 4.4 bn contract with the Transport Ministry to construct the first phase of the 1k-km high-speed rail line that will eventually link Cairo, Aswan, the North Coast and Safaga.<\/p>\n

#2- Speed Medical secures the ?: <\/strong>Speed Medical signed a EGP 1.6 bn financing agreement with the Luxembourg-based Global Emerging Markets (GEM) Investment Fund, according to a bourse filing (pdf)<\/a> on the EGX today. It is not yet clear whether the agreement will be for equity or debt.<\/p>\n

^^ We\u2019ll have chapter and verse on both stories in tomorrow\u2019s edition of EnterpriseAM.<\/strong><\/p>\n

HAPPENING NOW- <\/strong>Digi Sign Africa<\/a><\/strong> is underway:<\/strong> The three-day advertising and digital printing exhibition got underway at the Cairo International Convention Centre on Wednesday, 1 September.<\/p>\n

THE MARKETS TODAY-<\/strong><\/p>\n

<\/a> Oil prices <\/strong>were up<\/a><\/strong> ahead of the OPEC+ September meeting<\/strong> this afternoon, when the cartel is expected to stick to the plan to gradually ramp up production that its members hashed out<\/a>in July. Brent crude futures for November were up 0.28%, to USD 71.83 as of dispatch.<\/p>\n

OPEC+ revised its demand growth forecast upwards yesterday, <\/strong>sources within the group told Reuters<\/a>. OPEC and its allies now expect demand to reach 4.2 mn barrels per day (bpd) in 2022, up from a previous forecast of 3.3 mn bpd. The demand report, which is not publicly available, is also forecasting a supply deficit of 0.9 mn bpd in 2021.<\/p>\n

Even if demand is up, the oil producers probably aren\u2019t biting<\/strong>: most analysts expect the group to stick to its plan to gradually ease production cuts that were initiated when the pandemic took a sledgehammer to oil demand. The US has tried to put pressure on the group to hike supply as Brent prices continue their months-long bull run, at times hovering at multi-year highs<\/a> of around USD 75\/bbl.<\/p>\n

** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n