{"id":560786,"date":"2021-03-14T04:23:33","date_gmt":"2021-03-14T04:23:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/what-were-tracking-on-14-march-2021\/"},"modified":"2021-03-14T04:23:33","modified_gmt":"2021-03-14T04:23:33","slug":"what-were-tracking-on-14-march-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/what-were-tracking-on-14-march-2021\/","title":{"rendered":"What we\u2019re tracking on 14 March 2021"},"content":{"rendered":"<p><strong>Good morning, wonderful people, and welcome to Sunday. <\/strong>Last week\u2019s run of M&A news continues this morning as Banque Misr successfully closes out its offer to take a 90% stake in CI Capital. Meanwhile, GSK is not selling its Egypt arm to Hikma after talks broke down. We have chapter and verse on both stories in this morning\u2019s news well, below.<\/p>\n<p><strong>THE BIG STORY AT HOME <\/strong>this morning is the general consensus that the third wave of the pandemic is just around the corner for Egypt, with expectations that matters will only be made worse with Ramadan and Eid El Fitr. We have the full rundown in Covid Watch, below. Thursday\u2019s fire at a garment factory in Obour, which killed at least 20 people, so far hasn\u2019t shown signs of having legs.<\/p>\n<p><strong>Foreign affairs is also making waves: <\/strong>We have back-and-forth on whether and when we might re-establish relations with Ankara and a rebuke from the UN on human rights has angered the House of Representatives.<\/p>\n<p><strong>SPEAKING OF THE HOUSE: MPs are back in plenary sessions today<\/strong> after going on recess earlier this month. On the legislative agenda this week:<\/p>\n<ul>\n<li>A <strong>EGP 2 bn overdraft<\/strong> for the FY2020-2021 state budget and the <strong>Bankruptcy Act<\/strong> are up for discussion in a plenary session today;<\/li>\n<li>The general assembly will look at the <strong>Water Resources Act<\/strong> tomorrow;<\/li>\n<li>The House Economic Committee is set to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=13032021&id=1e3d2e98-8fda-4640-8ec3-a282df70197d\">resume discussing<\/a> the <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1dc4983d-dfdf-408a-a5e9-6bfa3545fe71\">Sovereign Sukuk Act<\/a><\/strong> today;<\/li>\n<li>The Central Agency for Organization and Administration\u2019s <strong>plan for informal laborers<\/strong> is also up for discussion at the House Manpower Committee today.<\/li>\n<\/ul>\n<p><strong>The House will also be getting its hands on the FY2021-2022 state budget soon<\/strong>, with Finance Minister Mohamed Maait scheduled to present the draft budget to President Abdel Fattah El Sisi this week before shipping it off to parliament, Maait said in <a href=\"http:\/\/bit.ly\/3tkP6aj\">a statement<\/a> yesterday.<\/p>\n<p><strong>ALSO HAPPENING TODAY- <\/strong><\/p>\n<p><strong>Qatari tourists visiting Egypt will now be able to purchase a USD 25 visa on <\/strong><strong>arrival<\/strong>, putting them on par with visitors from other Arab countries under the terms of an Interior Ministry <a href=\"http:\/\/www.alamiria.com\/ar-eg\/archiving-service\/Pages\/decision-details.aspx?decisionID=167155\">decision<\/a> published Thursday.<\/p>\n<p><strong>Your brother-in-law\u2019s niece\u2019s best friend might need to get their own Netflix account:<\/strong> The streaming platform is considering cracking down on password sharing between users who do not live in the same home, and is trialling an authorization system through text message or email codes, the <a href=\"https:\/\/www.bbc.com\/news\/technology-56368698\">BBC<\/a> reports.<\/p>\n<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>*** CATCH UP QUICK<\/strong> from Thursday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>IPO Watch:<\/strong> Consumer healthcare giant IDH <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6b4a9f2-1d15-4f8d-abca-d234c38c8d94\">could go ahead with its dual listing<\/a> on the EGX within two months.<\/li>\n<li><strong>Digitalization:<\/strong> The Finance Ministry is planning to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7ffbf62-2086-4872-9cb4-37cb4716bab0\">gradually roll out the e-invoicing system<\/a> for all B2B transactions after all large taxpayers join the system on 1 July 2021.<\/li>\n<li><strong>Covid:<\/strong> Nearly 5% of Egyptian adults may have been infected last year with the virus that causes covid-19, according to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03b794f5-85bb-4577-b96f-795b69c45b29\">state pollster Baseera<\/a>.<\/li>\n<\/ul>\n<p><strong>THE BIG NEWS INTERNATIONALLY<\/strong>- <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-13\/bear-warning-seen-with-nasdaq-100-velocity-stalling-at-2000-peak?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> is leading with talk that we may be in the early days of a <strong>bear market for US equities<\/strong>, while the <a href=\"https:\/\/www.ft.com\/content\/023c5cab-abbb-4f12-b17f-4f3eebc6a040\">Financial Times<\/a> thinks everybody piling into crypto and SPACs (to say nothing of a <a href=\"https:\/\/www.washingtonpost.com\/technology\/2021\/03\/12\/nft-beeple-christies-blockchain\/\">USD 69 mn NFT sale this weekend<\/a>) is something to be concerned about.<\/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>Life coach <\/strong><strong><a href=\"https:\/\/arfeenkhan.com\/\">Arfeen Khan<\/a><\/strong><strong> is giving a talk<\/strong> at a virtual AmCham event tomorrow.<\/p>\n<p><strong>Business tech expert and TEDx speaker<\/strong><strong><a href=\"https:\/\/www.patrickschwerdtfeger.com\/\">Patrick Schwerdtfeger<\/a><\/strong> will explain how entrepreneurs, businesses and investors can harness disruptive tech at a webinar hosted by AmCham on Tuesday, 16 March. The two-hour event will see Schwerdtfeger talk block chain, AI and crypto, and discuss how the business community can reposition in a world undergoing rapid technological change. Register for the event <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-paid-registration\/1348\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people, and welcome to Sunday. Last week\u2019s run of M&#038;A news continues this morning as Banque Misr successfully closes out its offer to take a 90% stake in CI Capital. Meanwhile, GSK is not selling its Egypt arm to Hikma after talks broke down. We have chapter and verse on both stories [&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":[96,72,274,277,308,278,280,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560786","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-abdel-fattah-el-sisi","tag-enterpriseam","tag-house-of-representatives","tag-mohamed-maait","tag-nafeza","tag-state-budget","tag-sukuk","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"704e19fa-e561-47a4-870a-7fd46c1fe826","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[560784],"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 March 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\/03\/14\/what-were-tracking-on-14-march-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 March 2021\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people, and welcome to Sunday. Last week\u2019s run of M&amp;A news continues this morning as Banque Misr successfully closes out its offer to take a 90% stake in CI Capital. Meanwhile, GSK is not selling its Egypt arm to Hikma after talks broke down. 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We made it through another week together. There are just 21 days left in 2020, if you \u2014 like us \u2014 are keeping count. *** We\u2019re a bit late this morning because one of our cloud services is glitching this morning. We\u2019ve addressed most of the problem,\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":567848,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/what-were-tracking-on-9-december-2020\/","url_meta":{"origin":560786,"position":1},"title":"What we\u2019re tracking on 9 December 2020","author":"enterpriseam admin","date":"9 December 2020","format":false,"excerpt":"Good morning, wonderful people, and welcome to Wednesday, where the big news remains the rollout of Pfizer and BioNTech\u2019s covid-19 vaccine in the UK \u2014 the first widescale vaccination campaign with an internationally tested jab. The news dominates front pages across the globe this morning, from the Financial Times to\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":562378,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/this-morning-court-rulings-on-ever-given-coming-today-two-jabs-give-good-protection-against-indian-covid-19-strain\/","url_meta":{"origin":560786,"position":2},"title":"THIS MORNING: Court rulings on Ever Given coming today + two jabs give good protection against Indian covid-19 strain","author":"enterpriseam admin","date":"23 May 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to the last full week of May as we continue our post-Ramadan sprint to the end of the first half. We hope you enjoyed the beautiful weekend weather as much as we did \u2014 and that you\u2019re looking forward to a pleasantly productive week.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":568366,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/28\/what-were-tracking-on-28-december-2020\/","url_meta":{"origin":560786,"position":3},"title":"What we\u2019re tracking on 28 December 2020","author":"enterpriseam admin","date":"28 December 2020","format":false,"excerpt":"It\u2019s t-minus four days until 2021 and New Year-itis is in full effect if the unprecedented volume of out-of-office replies we\u2019re receiving after we dispatch each morning\u2019s edition is anything to go by.The big news at home this morning: The merger of two of the nation\u2019s largest healthcare players \u2014\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":568245,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/what-were-tracking-on-23-december-2020\/","url_meta":{"origin":560786,"position":4},"title":"What we\u2019re tracking on 23 December 2020","author":"enterpriseam admin","date":"23 December 2020","format":false,"excerpt":"Good morning, wonderful people, and welcome to Christmas Eve Eve, for those of you who are observing. We can\u2019t say we\u2019re very interested in asking mom and dad for early permission to open just one gift that 2020 has left for us under the tree.The big story this morning: Rania\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":560538,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/what-were-tracking-on-3-march-2021\/","url_meta":{"origin":560786,"position":5},"title":"What we\u2019re tracking on 3 March 2021","author":"enterpriseam admin","date":"3 March 2021","format":false,"excerpt":"Good morning, friends, and happy Wednesday \u2014 or as we like to call it here at Enterprise, almost-Thursday.THE BIG NEWS HERE AT HOME is divided into two themes: Diplomacy and legislation. A renewed push from Egypt and Sudan to bring in mediators to help resolve the impasse over the Grand\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\/560786","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=560786"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560786\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560784"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560786"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560786"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}