{"id":558860,"date":"2021-08-30T04:01:41","date_gmt":"2021-08-30T04:01:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/30\/this-morning-hurricane-ida-slams-into-new-orleans-the-salacious-among-us-are-waiting-for-the-start-of-the-theranos-trial-tomorrow\/"},"modified":"2021-08-30T04:01:41","modified_gmt":"2021-08-30T04:01:41","slug":"this-morning-hurricane-ida-slams-into-new-orleans-the-salacious-among-us-are-waiting-for-the-start-of-the-theranos-trial-tomorrow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/30\/this-morning-hurricane-ida-slams-into-new-orleans-the-salacious-among-us-are-waiting-for-the-start-of-the-theranos-trial-tomorrow\/","title":{"rendered":"THIS MORNING: Hurricane Ida slams into New Orleans + the salacious among us are waiting for the start of the Theranos trial tomorrow"},"content":{"rendered":"<p><strong>Good morning, wonderful people, and happy Monday to you all. <\/strong>With the mercury no longer routinely testing 40\u00b0C and the last weekend of summer coming up, we can already feel the pace of news accelerating as we head into fall.<\/p>\n<p><strong>THE BIG STORY here at home this morning: We\u2019re officially in an earnings recovery<\/strong>, with EGX stalwarts Cleopatra Hospitals and Orascom Construction reporting blockbuster earnings yesterday. We have chapter and verse in this morning\u2019s Earnings Watch, below.<\/p>\n<p><strong>Tomorrow is the last day of August.<\/strong> Here are the key new triggers coming up during the first half of September:<\/p>\n<ul>\n<li><strong>PMI:<\/strong> August\u2019s PMI figures for Egypt, KSA and the UAE will land on Sunday, 5 September.<\/li>\n<li><strong>Foreign reserves:<\/strong> The central bank will release foreign reserves figures for August sometime next week.<\/li>\n<li><strong>Inflation:<\/strong> Inflation data for August will drop either next week.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt will meet to review interest rates on Thursday, 16 September.<\/li>\n<\/ul>\n<p><strong>WHAT\u2019S HAPPENING TODAY- Foreign Minister Sameh Shoukry is in <\/strong><strong>Algeria for a ministerial-level meeting of Libya\u2019s neighbors. <\/strong>Shoukry and colleagues will chew over prospects for a political settlement between Tripoli\u2019s unity government and eastern Libyan leader Khalifa Haftar, according to <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/143785754597946\">a statement<\/a> yesterday.<\/p>\n<p><strong>TWO BIG STORIES INTERNATIONALLY <\/strong>are vying for your attention this morning.<\/p>\n<p><strong>FIRST- Afghanistan has been pushed down the front page of most global media outfits <\/strong><strong>after a once-in-a-generation hurricane named \u201cIda\u201d slammed into New Orleans<\/strong>, leaving the entire city without power. The state of Louisiana is being battered by sea swells, heavy rains and flooding 16 years after Hurricane Katrina pummeled the area. The story leads front pages everywhere from <a href=\"https:\/\/www.wsj.com\/articles\/ida-intensifies-into-a-category-4-hurricane-poised-to-strike-new-orleans-on-sunday-11630244323\">the Wall Street Journal<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-29\/ida-makes-landfall-in-louisiana-with-winds-stronger-than-katrina?sref=mmeFTDW1\">Bloomberg<\/a> to the <a href=\"https:\/\/www.nytimes.com\/live\/2021\/08\/29\/us\/hurricane-ida-live-updates-new-orleans-louisiana\">New York Times<\/a> and <a href=\"https:\/\/www.reuters.com\/world\/us\/louisiana-braces-powerful-hurricane-covid-19-taxes-hospitals-2021-08-29\/\">Reuters<\/a>.<\/p>\n<p><strong>SECOND- Tomorrow is the US deadline to pull its troops out of Kabul<\/strong>, and the news from Afghanistan is that the United States preemptively launched a drone strike against a vehicle the Daeshbags planned to use in another attack against Kabul Airport. The news comes as the <strong>Taliban say foreigners + Afghans with visas will be able to safely leave the <\/strong><strong>country even after US troops leave tomorrow. <\/strong>The US said in <a href=\"https:\/\/www.state.gov\/joint-statement-on-afghanistan-evacuation-travel-assurances\/\">a joint statement<\/a> with Canada, its European allies and dozens of other countries Sunday that the Taliban will allow safe passage out of Afghanistan to all foreign nationals and Afghan citizens with travel documents from another country. The story leads the front page of the <a href=\"https:\/\/www.ft.com\/content\/a60082b4-b48a-46fc-ab81-68a7628ff4f4\">Financial Times<\/a> and gets prominent play from <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/taliban-agrees-allow-afghans-leave-international-statement-says-2021-08-29\/\">Reuters<\/a>.<\/p>\n<p><strong>The business story the scandal-mongers among us are following: Theranos founder <\/strong><strong>Elizabeth Holmes is going with the \u201cSvengali\u201d defense<\/strong>, alleging that her ex-boyfriend (and co-accused) Ramesh \u201cSunny\u201d Balwani made her do it. Recently unsealed documents suggest Holmes is going pin her defense on a claim that Balwani used [redacted] and emotional abuse to get her to do his bidding. The story is getting lots of ink from <a href=\"https:\/\/www.reuters.com\/world\/us\/theranos-founder-claims-abuse-by-ex-boyfriend-fraud-trial-court-filings-2021-08-28\/\">Reuters<\/a> and the <a href=\"https:\/\/www.wsj.com\/articles\/elizabeth-holmes-might-claim-abusive-relationship-in-criminal-fraud-defense-11630167496\">Wall Street Journal<\/a>. John Carreyrou, who <a href=\"https:\/\/www.wsj.com\/articles\/theranos-has-struggled-with-blood-tests-1444881901\">broke the Theranos story<\/a> at the Journal back in 2015 and <a href=\"https:\/\/www.amazon.com\/Bad-Blood-Secrets-Silicon-Startup-ebook\/dp\/B078VW3VM7\/\">literally wrote the book on it<\/a>, predicted in his <a href=\"https:\/\/twitter.com\/JohnCarreyrou\/status\/1431605053857665026?s=20\">new podcast on the case<\/a> that this is the road Holmes and her lawyers would likely go down. <strong>Look for the case to be back in the headlines tomorrow when Holmes\u2019 trial begins.<\/strong><\/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>OPEC+ is meeting on Wednesday<\/strong>, and oil producers are widely expected to proceed with plans to undo oil production cuts as oil prices recover, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-27\/opec-seen-sticking-to-planned-output-hike-as-oil-prices-rebound?srnd=premium-middle-east&sref=mmeFTDW1\">a Bloomberg survey<\/a>.<\/p>\n<p><strong>Egypt hosts <\/strong><strong><a href=\"https:\/\/digisignafrica.com\/\">Digi Sign Africa<\/a><\/strong><strong> this week:<\/strong> The three-day advertising and digital printing exhibition gets underway at the Cairo International Convention Centre on Wednesday, 1 September.<\/p>\n<p><strong>Cypriot prez visiting this week:<\/strong> President Nicos Anastasiades arrives in Cairo on Saturday, 4 September for <a href=\"https:\/\/cyprus-mail.com\/2021\/08\/26\/first-cyprus-egypt-intergovernmental-summit-on-september-4\/\">a joint Egypt-Cyprus summit<\/a>.<\/p>\n<p><strong>South Korea\u2019s Defense Minister will be in town this week. <\/strong>The two-day visit by Suh Wook is the first of its kind to Egypt by a Korean defense minister. Suh\u2019s meetings will include a sit-down with President Abdel Fattah El Sisi before the Korean minister moves on to Oman, the <a href=\"https:\/\/www.koreatimes.co.kr\/www\/nation\/2021\/08\/113_314606.html\">Korea Times<\/a> reports. The expectation is that Suh\u2019s visit will <a href=\"https:\/\/asharq.com\/latest-news\/61XzwxM1yiNkgPGFB92AVv\/\">help lay the groundwork<\/a> for a visit to Egypt by Korea\u2019s president in early 2022.<\/p>\n<p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6023ba0a-ee63-402a-85ab-30e14195456d\">Last week<\/a>, we saw international K-12 schools working hard to comply with the government directive that all staff and students aged 18+ be vaccinated ahead of the new academic year. Today, we take our question to private universities, and look at how ready they are to bring fully-vaccinated staff and students back on campus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people, and happy Monday to you all. With the mercury no longer routinely testing 40\u00b0C and the last weekend of summer coming up, we can already feel the pace of news accelerating as we head into fall. THE BIG STORY here at home this morning: We\u2019re officially in an earnings recovery, with [&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":[7204],"tags":[434,535,168,72,1786,220,301,435,188,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558860","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-afghanistan","tag-algeria","tag-diplomacy","tag-enterpriseam","tag-foreign-affairs","tag-libya","tag-sameh-shoukry","tag-taliban","tag-theranos","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"4a9d38fc-e0f3-4559-9c59-06a71c9525c2","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[558858],"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>THIS MORNING: Hurricane Ida slams into New Orleans + the salacious among us are waiting for the start of the Theranos trial tomorrow - 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\/08\/30\/this-morning-hurricane-ida-slams-into-new-orleans-the-salacious-among-us-are-waiting-for-the-start-of-the-theranos-trial-tomorrow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Hurricane Ida slams into New Orleans + the salacious among us are waiting for the start of the Theranos trial tomorrow\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people, and happy Monday to you all. 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With the mercury no longer routinely testing 40\u00b0C and the last weekend of summer coming up, we can already feel the pace of news accelerating as we head into fall. 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We hope you\u2019re making plans to enjoy the long weekend \u2014 you\u2019ve got this and 27 January to which to look forward before a holiday drought that\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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":[]},{"id":543058,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/04\/this-evening-pmi-is-still-in-contraction-egx-says-thursday-is-off-also-house-gives-unified-planning-act-green-light\/","url_meta":{"origin":558860,"position":1},"title":"THIS EVENING: PMI is still in contraction + EGX says Thursday is off. ALSO: House gives Unified Planning Act green light","author":"enterpriseam admin","date":"4 January 2022","format":false,"excerpt":"Happy hump day, ladies and gentlemen. It\u2019s a relatively calm afternoon on the local news front (thank you, shortened workweek), but with the House of Representatives back in session, that might soon change.Bankers and finance folks are officially off this Thursday, as the EGX confirmed earlier today the bourse will\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600991,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/17\/what-were-tracking-on-17-february-2019\/","url_meta":{"origin":558860,"position":2},"title":"What we\u2019re tracking on 17 February 2019","author":"enterpriseam admin","date":"17 February 2019","format":false,"excerpt":"The story of the morning: What does Thursday\u2019s surprise interest rate cut really mean? We have lots on this front in today\u2019s Speed Round, below.The judiciary is going to play an outsized role in business sentiment this week. The Cairo Economic Court is due to deliver on Tuesday a decision\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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":[]},{"id":621589,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/miscellany-on-13-november-2018-natural-gas-bad-blood-year-end-bonus\/","url_meta":{"origin":558860,"position":3},"title":"Miscellany on 13 November 2018: Natural gas, Bad Blood, year-end bonus","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"In miscellany this morning: Natural gas will overtake coal as the world\u2019s second-largest energy source by 2030, according to the IEA\u2019s for-pay-only World Energy Outlook 2018 report. Not bad news if you, like us, are sitting on plenty of the stuff. (Axios | Reuters) Shameless plug for which we take\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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":[]},{"id":652235,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/what-were-tracking-on-wednesday-4-january-2017\/","url_meta":{"origin":558860,"position":4},"title":"What we\u2019re tracking on Wednesday, 4 January 2017","author":"enterpriseam admin","date":"4 January 2017","format":false,"excerpt":"It\u2019s purchasing managers\u2019 index day \u2014 cue the gnashing of teeth. The Emirates NBD Egypt PMI by Markit is due out this morning by 6:15am CLT \u2014 or about 10 minutes after we typically tap \u201csend\u201d on Enterprise. It will be posted here when released. The last iteration found the\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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":[]},{"id":602722,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/what-were-tracking-on-04-april-2019\/","url_meta":{"origin":558860,"position":5},"title":"What we\u2019re tracking on 04 April 2019","author":"enterpriseam admin","date":"4 April 2019","format":false,"excerpt":"First, may we observe that it is Thursday? The International LafargeHolcim Forum for Sustainable Construction begins today at the AUC New Cairo campus. The three-day event will explore how innovative construction techniques and new uses of building materials can make our buildings more efficient and sustainable. 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