{"id":559958,"date":"2021-02-10T03:50:28","date_gmt":"2021-02-10T03:50:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/what-were-tracking-on-10-february-2021\/"},"modified":"2021-02-10T03:50:28","modified_gmt":"2021-02-10T03:50:28","slug":"what-were-tracking-on-10-february-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/what-were-tracking-on-10-february-2021\/","title":{"rendered":"What we\u2019re tracking on 10 February 2021"},"content":{"rendered":"<p><strong>Good morning, wonderful people: It\u2019s a workaday Wednesday on a workaday week<\/strong>, with no single story dominating the narrative here at home in business, policy or anything else, really.<\/p>\n<p><strong>The same can be said globally. <\/strong>Maybe it\u2019s the fact that we\u2019re basically in midwinter? (Though nobody in Egypt ought to complain \u2014 we officially have the world\u2019s nicest winter weather.)<\/p>\n<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>CATCH UP QUICK\u2013 The top stories from yesterday\u2019s edition of EnterprisePM:<\/strong><\/p>\n<ul>\n<li><strong>We\u2019re getting closer to launching our first sovereign sukuk issuance:<\/strong> The House Economic Committee has completed its amendments to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb78de06-8229-4852-88ad-b83851ed0f85\">the Sovereign Sukuk Act.<\/a> The House <strong>also approved changes to the Traffic Act<\/strong>, under which fees up to EGP 1K will be imposed on private and public-sector vehicles, with proceeds earmarked to support the rollout of new \u201csmart\u201d transport systems.<\/li>\n<li><strong>Mayar Sherif has become the<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53c9788a-ca80-4be8-80bd-45d879445a08\">first Egyptian woman<\/a><\/strong><strong> to tough out a victory at a <\/strong><strong>main draw match in a Grand Slam<\/strong>. The 24-year-old tennis player was also the first in the country to qualify for the Australian Open.<\/li>\n<li><strong>Egypt has taken a step toward supporting survivors of domestic violence:<\/strong> Cairo University\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87a97c1c-2647-4eac-be4d-d30cdafd7eab\">Kasr Al Ainy Teaching Hospital<\/a> rolled out the first unit to help women victims recover from both physical and psychological abuse while providing legal assistance if needed.<\/li>\n<\/ul>\n<p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p>\n<p><strong>It\u2019s inflation day<\/strong>, with January figures due out from the Central Bank of Egypt and state census bureau Capmas later today. Average annual headline urban inflation in 4Q2020 came in at 5.2%, below the 6% lower bound of the CBE\u2019s initial target range. The CBE has set a new 7% (\u00b1 2%) target.<\/p>\n<p><strong>It\u2019s day #2 in The Donald\u2019s impeachment trial <\/strong>after 56 US senators voted to reject his lawyers\u2019 arguments that trying a president after he leaves office is unconstitutional, the <a href=\"https:\/\/www.nytimes.com\/live\/2021\/02\/09\/us\/trump-impeachment-trial\">New York Times<\/a> reports. The Gray Lady suggests, however, that it seems unlikely that enough Republicans will vote to convict: Six crossed the floor to vote with the Democrats last night, but 17 need to do so to secure a conviction. <a href=\"https:\/\/www.reuters.com\/article\/us-usa-trump-impeachment\/senators-vote-to-proceed-with-trumps-impeachment-trial-but-conviction-may-be-elusive-idUSKBN2A91D3\">Reuters<\/a> also has the story.<\/p>\n<p><strong>WORTH YOUR TIME THIS MORNING- US Secretary of State Antony Blinken\u2019s interview <\/strong><strong>with CNN\u2019s Wolf Blitzer<\/strong> on the Biden administration\u2019s foreign policy doctrine, particularly on the Middle East \u2014 even though he didn\u2019t talk about Egypt. Blinken reiterated the US\u2019 support for a two-state solution between Israel and Palestine, and said that it isn\u2019t looking to change its position on recognizing Jerusalem as Israel\u2019s capital. Washington doesn\u2019t appear to be looking to change its approach to Saudi Arabia just yet, Blinken suggested, but is ending its support for the Saudi-led military campaign in Yemen. You can watch the interview here (<a href=\"https:\/\/edition.cnn.com\/videos\/politics\/2021\/02\/08\/secretary-of-state-tony-blinken-biden-foreign-policy-russia-navalny-sot-tsr-vpx.cnn\/video\/playlists\/this-week-in-politics\/\">runtime: 3:17<\/a>) or <a href=\"https:\/\/www.state.gov\/secretary-antony-j-blinken-with-wolf-blitzer-of-cnns-the-situation-room\/\">read the transcript here<\/a>.<\/p>\n<p><strong>Then go watch the State Department\u2019s Christiaan James on Mideast policy<\/strong> \u2014 he spoke with Ahmed Moussa, of all people, last night and said Washington is committed to mediating between Egypt, Ethiopia, and Sudan on the Grand Ethiopian Renaissance Dam and is committed to cooperation with Cairo on counterterrorism. We have the full rundown in Last Night\u2019s Talk Shows, below.<\/p>\n<p><strong>Some countries may see stunted economic growth in the near term as pandemic-related <\/strong><strong>border closures caused a \u201ccollapse\u201d in skilled migrant flows<\/strong>, the <a href=\"https:\/\/www.ft.com\/content\/146fbb75-8a66-4b41-90a3-e986da2b6505\">Financial Times<\/a> says, citing data from the OECD. Inward migrant flows to rich countries such as Australia \u2014 which rely on migration \u201cto fill jobs, sustain growth in the labor force \u2026 and offset the fiscal burden of an ageing population\u201d \u2014 dropped 30-80% y-o-y, says the OECD\u2019s Jean-Christophe Dumont. And even if the trend reverses by 2024, the IMF expects these countries\u2019 working-age population to shrink by 2-2.8%.<\/p>\n<p><strong>Peak 2021: Social justice and SPACs in one headline.<\/strong> A new SPAC led by former NFL superstar Colin Kaepernick is looking to invest in businesses with environmental, social, and governance impact, according to the <a href=\"https:\/\/www.wsj.com\/articles\/colin-kaepernick-targets-a-socially-driven-billion-dollar-company-with-new-spac-11612909971\">Wall Street Journal<\/a>. The company, which is looking to raise USD 287.5 mn in its IPO, ticks off pretty much all of the political wokeness boxes: Its board is mostly composed of people of color, including Black and indigenous people, and women.<\/p>\n<p><strong>Lesson #318 on How to be a [Redacted] Leader: <\/strong>We once had a boss who, like many drones of his era, papered his office with photocopied \u2018cartoons,\u2019 the largest and most prominent of which read <strong>\u201cThe beatings will continue until morale improves.\u201d<\/strong> <a href=\"https:\/\/www.ft.com\/content\/5cb42741-6e9e-4996-8e32-032bd09ea28c\">KPMG\u2019s UK chief is apparently of the same school of management<\/a> and has had to apologize (on email and to the FT) after telling his people to \u201cstop moaning\u201d and \u201cstop playing the victim card\u201d when they questioned him about potential cuts to pay, bonuses and pensions. <strong>Shut up and be happy you have a job <\/strong>\u2014 that\u2019s how to keep folks motivated in a people-based business.<\/p>\n<p><strong>PSA- It\u2019s T-4 days until Valentine\u2019s Day.<\/strong> We\u2019ve never been fans of the Hallmark holiday, and agree with the idea that it\u2019s \u201conly for Instagrammable moments,\u201d as one fellow anti-VDay-er tells the <a href=\"https:\/\/www.nytimes.com\/2021\/02\/09\/fashion\/weddings\/is-valentines-day-canceled.html\">New York Times<\/a>. And if you think we\u2019re being too harsh, might we remind you that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7041e11-5888-4a61-a527-6a993e0dc86a\">our last Valentine\u2019s Day present<\/a> was Egypt\u2019s first recorded case of covid-19?<\/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>A four-day forum on Libya\u2019s constitution <\/strong><strong><a href=\"https:\/\/parliament.ly\/%d8%a5%d9%86%d8%b7%d9%84%d8%a7%d9%82-%d8%a3%d8%b9%d9%85%d8%a7%d9%84-%d8%a7%d9%84%d8%ac%d9%88%d9%84%d8%a9-%d8%a7%d9%84%d8%ab%d8%a7%d9%84%d8%ab%d8%a9-%d9%85%d9%86-%d8%a7%d9%84%d9%85%d8%b3%d8%a7%d8%b1\/\">kicked off<\/a><\/strong> <strong>in Hurghada yesterday<\/strong>, bringing together delegations from the Libyan parliament and the Supreme Council of State to agree on a timeline and arrangements for a Libyan constitutional referendum.<\/p>\n<p><strong>Egypt is hosting an arm of the <\/strong><strong><a href=\"https:\/\/10times.com\/wcset-luxor\">World Conference on Science Engineering and<\/a><\/strong><strong><a href=\"https:\/\/10times.com\/wcset-luxor\">Technology<\/a><\/strong>, which runs today and tomorrow at Luxor\u2019s Hotel Pavillon Winter.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>*** 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 and as well as social infrastructure such as health and education.<\/p>\n<p><strong>In today\u2019s issue: <\/strong>Although VC funding in digital health in Egypt lagged behind the global average last year, there\u2019s a rising need for healthtech that has helped homegrown startups grow significantly since the pandemic took hold. We look at our top picks for healthtech startups to keep an eye on this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people: It\u2019s a workaday Wednesday on a workaday week, with no single story dominating the narrative here at home in business, policy or anything else, really. The same can be said globally. Maybe it\u2019s the fact that we\u2019re basically in midwinter? (Though nobody in Egypt ought to complain \u2014 we officially have [&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":[3179,72,274,182,187,3285,162,3502,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559958","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-domestic-violence","tag-enterpriseam","tag-house-of-representatives","tag-inflation","tag-legislation-watch","tag-sovereign-sukuk-act","tag-sports","tag-traffic-act","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"ad235abc-56b3-492d-82f4-52648afb9c8e","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[559956],"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>What we\u2019re tracking on 10 February 2021 - 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\/02\/10\/what-were-tracking-on-10-february-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on 10 February 2021\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people: It\u2019s a workaday Wednesday on a workaday week, with no single story dominating the narrative here at home in business, policy or anything else, really. 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The same can be said globally. Maybe it\u2019s the fact that we\u2019re basically in midwinter? 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Most of the amendments appear to be largely cosmetic \u2014 including referring to the special purpose vehicle (SPV) that will\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/422.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560866,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/house-mulls-changes-to-sovereign-sukuk-act\/","url_meta":{"origin":559958,"position":1},"title":"House mulls changes to Sovereign Sukuk Act","author":"enterpriseam admin","date":"16 March 2021","format":false,"excerpt":"Egypt to exempt sovereign sukuk from local regulatory oversight: A state-owned special purpose vehicle (SPV) that would be set up under the Sovereign Sukuk Act to manage the government\u2019s sukuk sales may not be subject to oversight from the Financial Supervisory Authority if an amendment to a proposed framework governing\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/214.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566240,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/sovereign-sukuk-act-gets-early-nod-at-the-house\/","url_meta":{"origin":559958,"position":2},"title":"Sovereign Sukuk Act gets early nod at the House","author":"enterpriseam admin","date":"6 June 2021","format":false,"excerpt":"Sovereign sukuk get early House nod: The House of Representatives has approved \u201cin principle\u201d the long-awaited Sovereign Sukuk Act in a plenary session this afternoon, paving the way for the government\u2019s inaugural sukuk issuance once it is signed into law, according to Ahram Gate. The bill, which still needs a\u2026","rel":"","context":"In &quot;SPEED ROUND: LEGISLATION WATCH&quot;","block_context":{"text":"SPEED ROUND: LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/430.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569373,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/23\/egypt-inches-closer-to-maiden-sukuk-issuance-as-finmin-completes-sukuk-act\/","url_meta":{"origin":559958,"position":3},"title":"Egypt inches closer to maiden sukuk issuance as FinMin completes Sukuk Act","author":"enterpriseam admin","date":"23 February 2020","format":false,"excerpt":"LEGISLATION WATCH- Egypt inches closer to maiden sukuk issuance as FinMin completes Sukuk Act: The Finance Ministry has completed the drafting of the Sovereign Sukuk Act and passed it to cabinet for review, an official draft suggests (pdf). Cabinet will, after approving the legislation, send it to the House of\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562313,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/19\/ida-exec-regs-are-the-law-of-the-land-sovereign-sukuk-inch-closer-to-legislative-clearance\/","url_meta":{"origin":559958,"position":4},"title":"IDA exec regs are the law of the land + sovereign sukuk inch closer to legislative clearance","author":"enterpriseam admin","date":"19 May 2021","format":false,"excerpt":"The wait is over for industrial investors: The executive regulations to the law regulating the Industrial Development Authority (IDA) come into effect today after being published yesterday in the Official Gazette (pdf), the Trade and Industry Ministry said in a statement. The ministry approved the regulations earlier this month, setting\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581587,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/this-morning-sovereign-sukuk-as-soon-as-next-week-and-worth-up-to-usd-5-bn_storyhedweb_-egypt-to-issue-its-maiden-sovereign-sukuk-as-soon-as-next-week\/","url_meta":{"origin":559958,"position":5},"title":"THIS MORNING: Sovereign sukuk as soon as next week? And worth up to USD 5 bn?!_StoryHedWeb_! 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