{"id":560038,"date":"2021-02-14T03:59:33","date_gmt":"2021-02-14T03:59:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/14\/what-were-tracking-on-14-february-2021\/"},"modified":"2021-02-14T03:59:33","modified_gmt":"2021-02-14T03:59:33","slug":"what-were-tracking-on-14-february-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/14\/what-were-tracking-on-14-february-2021\/","title":{"rendered":"What we\u2019re tracking on 14 February 2021"},"content":{"rendered":"<p><strong>Happy Valentine\u2019s Day, everyone. <\/strong>We love you folks, each and every one of you \u2014 thank you for starting your weekday mornings with us.<\/p>\n<p><strong>THE BIG STORY here at home to start your workweek: New daily cases of covid-19 could<\/strong> <strong>peak in April<\/strong>, Health Minister Hala Zayed suggested on Thursday. That\u2019s just in time for the month of Ramadan, which is set to begin on or about 13 April. (That\u2019s 58 days away, for those of you keeping count at home). We have chapter and verse in this morning\u2019s Covid Watch, below.<\/p>\n<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>CATCH UP QUICK- Weekend amnesia have you scratching your head <\/strong>about where we left things off on Thursday? The big stories at week\u2019s end in EnterprisePM were:<\/p>\n<ul>\n<li><strong>Taaleem Management Services is about to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d960b7cc-4f8e-4111-8b2f-5bac2c4374a6\">break our IPO drought<\/a><\/strong>, announcing its intention to make an initial public offering of its shares on the EGX some time in 1Q2021.<\/li>\n<li><strong>Egypt was Africa\u2019s <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c86d77d-bfed-4b41-9a79-eec119f13def\">most-active destination<\/a><\/strong><strong> for VCs last year<\/strong>, accounting for nearly a quarter of all transactions on the continent.<\/li>\n<li><strong>State-owned El Nasr Automotive <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/210add58-217f-48d7-adf2-4a0783074302\">plans to begin<\/a><\/strong><strong> assembling electric vehicles in Egypt sometime in July<\/strong>, by which time it should be done setting up its assembly lines.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY INTERNATIONALLY this morning- Donald<\/strong><strong> Trump was acquitted<\/strong><strong> of charges of inciting insurrection in his second impeachment trial yesterday <\/strong>in a Senate vote that fell two votes short of the majority needed for a conviction. Seven Republican senators broke rank and joined Democrats in voting against the former president \u2014 the most bipartisan support for a conviction in the senate\u2019s history. Although Republican Senate leader Mitch McConnell voted against Trump\u2019s impeachment on the grounds that it was unconstitutional to put Trump on trial after leaving office, he still held Trump \u201cpractically and morally responsible\u201d for the violence at Capitol Hill last month that left five people dead.<\/p>\n<p><strong>Everyone everywhere has the story:<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-13\/trump-acquitted-by-senate-in-historic-second-impeachment-trial?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> I <a href=\"https:\/\/www.washingtonpost.com\/politics\/trump-acquitted-impeachment-riot\/2021\/02\/13\/dbf6b172-6e12-11eb-ba56-d7e2c8defa31_story.html\">Washington Post<\/a>l <a href=\"https:\/\/www.wsj.com\/articles\/senate-to-hear-closing-arguments-in-trump-impeachment-11613212204\">Wall Street Journal<\/a> l <a href=\"https:\/\/www.nytimes.com\/live\/2021\/02\/13\/us\/impeachment-trial\">New York Times<\/a><\/p>\n<p><strong>ALSO: One of our biggest trade, tourism and investment partners officially has a new prime <\/strong><strong>minister <\/strong>after \u201cSuper\u201d Mario Draghi was sworn in yesterday to lead a \u201cunity\u201d government. Readers will remember Draghi as the well-regarded former head of the European Central Bank.<\/p>\n<p><strong>HAPPENING THIS WEEK-<\/strong><\/p>\n<p><strong>IN THE HOUSE-<\/strong> A bill that would hand investors an income tax break on interest earned from bonds issued abroad \u2014 introduced as an amendment to Law 182 of 2020, which repealed an income tax exemption on income derived from treasury holdings \u2014 is up for discussion in a plenary session at the House of Representatives. MPs are also set to discuss (and potentially vote on) the Senate\u2019s bylaws, which earned the House Constitutional Affairs Committee\u2019s sign-off <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9dc1031-7379-434c-a6db-4090ef958c11\">last week<\/a>.<\/p>\n<p><strong>Ministers\u2019 policy statements are still on the agenda<\/strong>, with the plenary session scheduled to discuss a committee report on Information Minister Osama Heikal\u2019s address to parliament. MPs were less than pleased with the minister\u2019s statements, leading <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/66b1abb8-07ba-4105-a551-a3d22b49fa85\">at least one to publicly call<\/a> for the entire ministry to be scrapped again. Justice Minister Omar Marwan is separately due to deliver his own policy statement.<\/p>\n<p><strong>Today is your <\/strong><strong><a href=\"https:\/\/www.incometax.gov.eg\/news-d.php?id=220\">last chance<\/a><\/strong><strong> to settle late taxes<\/strong> \u2014 including VAT, income, and real-estate tithes \u2014 and still get 50% break on penalties.<\/p>\n<p><strong>Students have until tomorrow night to apply for admission <\/strong>to private universities in Egypt through the Higher Education Ministry\u2019s new online applications portal.<\/p>\n<p><strong>The Columbia Entrepreneurs Organization will be hosting a MENA x CEO panel on <\/strong><strong>venture capital and entrepreneurism<\/strong> in our neck of the woods. The gathering headlined \u201cInvestor Perspectives from New York to North Africa\u201d takes place on Wednesday, 17 February. Lots of friends are among the panelists, including Global Ventures Managing Director <strong>Amal Enan<\/strong>, HOF Capital Managing Partner <strong>Onsi Sawiris<\/strong>, AAF Management General Partner and CFO <strong>Omar Darwazah<\/strong> and AUC Entrepreneurship Professor <strong>Ayman Ismail<\/strong>. <a href=\"https:\/\/groups.gsb.columbia.edu\/CEO\/rsvp_boot?id=7449\">Tap or click here to register<\/a>.<\/p>\n<p><strong>Our politicians are going to be labeled on Twitter as \u2026 politicians.<\/strong> Egypt is among 16 countries where the verified Twitter accounts of heads of state, government officials, ministers, spokespeople and ambassadors will receive labels notifying users of their positions, the social media company <a href=\"https:\/\/blog.twitter.com\/en_us\/topics\/company\/2021\/account-labels-phase2.html\">announced<\/a> on Thursday. The changes, which take effect this Wednesday, 17 February, will be expanded in the coming months to include the official accounts of state-affiliated media channels. Twitter says it is introducing the changes to provide context to users and make them better informed.<\/p>\n<p><strong>Public schools and universities are getting an extra week tacked onto their mid-year<\/strong><strong> holiday, but aren\u2019t escaping mid-year exams.<\/strong> State-run schools and universities will now begin their second term on Sunday, 28 February instead of next Sunday, 21 February, according to a cabinet <a href=\"https:\/\/tinyurl.com\/pnr8aund\">statement<\/a>. The news was all over last night\u2019s talk shows, with Kelma Akhira\u2019s Lamees El Hadidi among those taking note (and giving students an earful for wishing their end-of-term exams were getting scrapped) (<a href=\"https:\/\/www.youtube.com\/watch?v=JE_GRPbIewY\">watch, runtime: 5:56<\/a>). Al Hayah Al Youm's Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=YmMu4ZdBzno\">watch, runtime: 2:57<\/a>) and Masaa DMC\u2019s Eman El Hosary also had coverage (<a href=\"https:\/\/www.youtube.com\/watch?v=24AtRApyj18\">watch, runtime: 1:26<\/a>).<\/p>\n<p><strong>Expect more details today<\/strong> to come out of a press conference Education Minister Tarek Shawki is scheduled to hold at 5pm CLT today, according to a ministry <a href=\"https:\/\/bit.ly\/3pjFyKe\">statement<\/a>.<\/p>\n<p><strong>Is going back to school and moving ahead with exams putting kids at risk?<\/strong> Not really, says Cabinet spokesperson Nader Saad, who told Lamees that the number of infections in the country dipped when classes were held in person and rose when the country moved towards online learning, suggesting there is no real correlation between the two (<a href=\"https:\/\/www.youtube.com\/watch?v=bBu1kPL4o5w\">watch, runtime: 15:50<\/a>).<\/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>PSA- ITIDA and Visa are inviting Egyptian fintech startups and entrepreneurs to apply to <\/strong><strong>their mentorship program<\/strong>, which will allow shortlisted companies to develop and test their platforms on Visa\u2019s development API, and receive technical training and mentorship, ITIDA said in <a href=\"https:\/\/ent.news\/2021\/2\/ITIDA-and-Visa-Cooperate-to-support-Egyptian-Fintech-startups-and-entrepreneurs-EN.pdf\">a statement (pdf)<\/a> last week. Ten companies will be accepted, one of which will be awarded USD 20k prize at the end of the program. The deadline for entry is 3 March. <a href=\"https:\/\/tiec.gov.eg\/english\/Programs\/ITIDA-Visa-Mentorship-program\/Pages\/default.aspx\">Apply here<\/a>.<\/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><em>Correction: 14 February 2021. A previous version of this article incorrectly stated that Donald Trump had avoided impeachment for the second time.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy Valentine\u2019s Day, everyone. We love you folks, each and every one of you \u2014 thank you for starting your weekday mornings with us. THE BIG STORY here at home to start your workweek: New daily cases of covid-19 could peak in April, Health Minister Hala Zayed suggested on Thursday. That\u2019s just in time for [&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":[721,102,984,72,2869,148,162,1010,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560038","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-al-ahly","tag-capital-markets","tag-donald-trump","tag-enterpriseam","tag-gamestop","tag-music","tag-sports","tag-twitter","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"2fe593b4-71c9-4cc5-a539-f6f6c6d2ebd2","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[560036],"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 14 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\/14\/what-were-tracking-on-14-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 14 February 2021\" \/>\n<meta property=\"og:description\" content=\"Happy Valentine\u2019s Day, everyone. 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We\u2019ll be taking Wednesday and Thursday off. It\u2019s our last national\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648744,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/what-were-tracking-this-week-190\/","url_meta":{"origin":560038,"position":1},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"11 April 2017","format":false,"excerpt":"Extra T-bill sales this week: Egypt will hold several treasury bill sales this week to compensate for auctions originally scheduled to take place during next week's Easter holiday, when banks will be closed, Reuters reports. The auctions will include 182-day and 364-day bills on Wednesday and 91-day and 273-day bills\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629804,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/what-were-tracking-this-week-32\/","url_meta":{"origin":560038,"position":2},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"2 April 2018","format":false,"excerpt":"GERD talks kicking off again this week: The ministers of foreign affairs and irrigation, as well intelligence chiefs from Egypt, Sudan, and Ethiopia, are scheduled to meet on Wednesday and Thursday to resume talks over the Grand Ethiopian Renaissance Dam (GERD). This comes as Ethiopia is set to swear in\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634744,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/what-were-tracking-this-week-76\/","url_meta":{"origin":560038,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"23 January 2018","format":false,"excerpt":"The EGX confirmed in an emailed statement that it will be closed on Thursday to mark the Revolution and \/ or Police Day, whatever it is that we observe on 25 January. Trading will resume on Sunday. Thursday is a national holiday.","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651841,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/what-were-tracking-this-week-egypt-in-rome\/","url_meta":{"origin":560038,"position":4},"title":"What we're tracking this week: Egypt in Rome","author":"enterpriseam admin","date":"22 February 2017","format":false,"excerpt":"Egypt in Rome: A thousand images, as well as audio recordings and footage of traditional life in Upper Egypt, will be on display at the Academia D\u2019Egitto\u2019s exhibition running this Thursday and until mid-March in Rome. Iraqi musician and oud player Naseer Shamma will be designated a UNESCO \u201cartist for\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603352,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/what-were-tracking-on-21-april-2019\/","url_meta":{"origin":560038,"position":5},"title":"What we\u2019re tracking on 21 April 2019","author":"enterpriseam admin","date":"21 April 2019","format":false,"excerpt":"It\u2019s the slowest Sunday morning we\u2019ve had in just about forever. We blame the confluence of the constitutional referendum here at home, the release of the Mueller report in the United States, and the Western Easter holiday weekend everywhere from Canada and the US to Italy and the UK. Speaking\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560038","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=560038"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560038\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560036"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560038"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560038"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}