{"id":561177,"date":"2021-03-29T03:46:34","date_gmt":"2021-03-29T03:46:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/what-were-tracking-on-29-march-2021\/"},"modified":"2021-03-29T03:46:34","modified_gmt":"2021-03-29T03:46:34","slug":"what-were-tracking-on-29-march-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/what-were-tracking-on-29-march-2021\/","title":{"rendered":"What we\u2019re tracking on 29 March 2021"},"content":{"rendered":"<p><strong>Good morning, nice people. <\/strong>Mondays are typically the slowest news days of the week, but not so today \u2014 we have plenty going on.<\/p>\n<p><strong>IT\u2019S A BIG DAY FOR: Our covid-19 vaccine rollout. <\/strong>Yesterday, we reported that it seems unlikely we\u2019re going to be getting anytime soon the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/acc7d04e-ff3f-40fa-bc0a-5eec3216fdbf\">5 mn of doses of AstraZeneca<\/a> we had expected by month\u2019s end thanks to global supply constraints. Coincidental or not, the news today is that (a) <strong>we\u2019re getting a bunch of Sinopharm<\/strong>\u2019s jabs \u201cwithin days\u201d in two shipments \u2014 one a purchase, the other a gift from China, and (b) we\u2019re edging closer to an <strong>agreement to manufacture Sinovac<\/strong>\u2019s competing jab.<\/p>\n<p><strong>It\u2019s also a big day for capital markets<\/strong> as leading cosmeceutical player Macro announces a price range for its IPO on the Egyptian Exchange. Conventional wisdom is that new paper is key to luring back foreign investors in public equities, so this is very welcome news indeed.<\/p>\n<p><strong>\u2026and for the Ever Zeft, <\/strong>as work to refloat it continues around the clock. The hope is that it might be refloated as early as today: The <a href=\"https:\/\/www.timesofisrael.com\/suez-canal-authority-hopes-high-tide-from-full-moon-can-help-free-stuck-megaship\/\">Associated Press<\/a> is reporting that there will be two attempts to refloat it today, helped by a full moon that will make low tide lower and high tide higher.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>*** CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>Individual investors began placing orders for shares in Taaleem<\/strong>, which yesterday <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/046b260a-79fb-4b25-8a96-63946b11af8e\">kicked off the retail component of its IPO<\/a> on the EGX.<\/li>\n<li><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9676e83-6617-44df-95b0-250d610e2377\">Preparations are underway<\/a><\/strong><strong> for a possible operation to offload containers from the Ever Given<\/strong>, which is still refusing to budge from the Suez Canal.<\/li>\n<li><strong>The revamped Tamayoz small-cap index <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a794f85-c1e7-4a7a-b929-39a2e25c2f1e\">will launch before the end of 2021<\/a><\/strong>, EGX boss Mohamed Farid told us.<\/li>\n<\/ul>\n<p><strong>CORRECTION: <\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9e4ccc0-a0f4-45cd-af78-7d2fd4e13c2c\">In yesterday\u2019s<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9e4ccc0-a0f4-45cd-af78-7d2fd4e13c2c\">EnterpriseAM<\/a>, we said that Taaleem had priced its IPO at EGP 6.20 per share. We were incorrect. A close reading of the disclosure from the Financial Regulatory Authority indicates that Taaleem could price its IPO at <em>up to<\/em><em> <\/em>EGP 6.20 per share, not <em>at<\/em><em> <\/em>EGP 6.20. The company had previously said it expected to price the transaction at EGP 5.48-6.02 per share, and a senior source with first hand knowledge of the offering confirmed to us yesterday afternoon that bookrunner <strong>CI Capital<\/strong><strong> will price within this range.<\/strong> We have amended the story on our website.<\/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>The <\/strong><strong>two-day <\/strong><strong><a href=\"https:\/\/arab-exchanges.org\/conference\/\">Arab Federation of Exchanges Annual Conference 2021<\/a><\/strong><strong> begins today. <\/strong>This year\u2019s virtual conference will discuss ESGs for economic growth and capital markets as well as fintech and innovation.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/ec.aast.edu\/contenttemp.php?page_id=48200111\">Startup Festival<\/a><\/strong><strong> in Sharm El Sheikh ends today.<\/strong> Investors, entrepreneurs, policymakers and more than 80 startups are gathering for the event, which also features panel discussions and workshops.<\/p>\n<p><strong>Bok, prijatelji: The Egyptian-Croatian Business Forum meets this Wednesday<\/strong>, 31 March, for the first time since 2010. On the table: Giving a nudge to both trade and investment, <a href=\"https:\/\/www.facebook.com\/FEDCOCEgypt\/posts\/3856820497742689\">a FEDCOC statement<\/a> says. The forum will take place while Croatian Foreign Minister Gordan Grli\u0107-Radman is in town next week. Grli\u0107-Radman and Foreign Minister Sameh Shoukry are expected to attend.<\/p>\n<p><strong>The government\u2019s fuel pricing committee is scheduled to meet next week for its quarterly <\/strong><strong>review of prices.<\/strong> Faced with slightly higher global oil prices, the committee could hike prices this time around, after leaving rates steady since last April, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=28032021&id=a759b13e-8474-4060-8935-f887e24ffafa\">Al Shorouk<\/a> reports, citing unnamed sources. Oil prices rallied over the weekend, partly thanks to the Suez Canal blockage but also because of fresh Houthi attacks on Saudi Aramco\u2019s facilities and expectations that major OPEC+ producers will continue to curb output.<\/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> Over a year into covid-19, online education remains a core part of student life. Student satisfaction with online learning directly impacts academic engagement and success. <strong>But just how satisfied are Egyptian university students with online learning?<\/strong> A recent joint AUC-GUC research paper sought to find out by surveying 280 undergraduate business students from Egypt\u2019s top ten private universities and state-funded Cairo, Ain Shams, and Helwan universities. We take a look at what it found (hint: flexibility is seen as a plus of online learning, but low interaction levels and internet instability are definitely not).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, nice people. Mondays are typically the slowest news days of the week, but not so today \u2014 we have plenty going on. IT\u2019S A BIG DAY FOR: Our covid-19 vaccine rollout. Yesterday, we reported that it seems unlikely we\u2019re going to be getting anytime soon the 5 mn of doses of AstraZeneca we [&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":[114,68,72,78,77,3220,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561177","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-astrazeneca","tag-egx","tag-enterpriseam","tag-ipo-watch","tag-macro-group","tag-sinopharm","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"fa25f0d6-c8d6-4df8-813c-f62fd3e030c0","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[561175],"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 29 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\/29\/what-were-tracking-on-29-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 29 March 2021\" \/>\n<meta property=\"og:description\" content=\"Good morning, nice people. Mondays are typically the slowest news days of the week, but not so today \u2014 we have plenty going on. IT\u2019S A BIG DAY FOR: Our covid-19 vaccine rollout. 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Get through today and it\u2019s a downhill slide to the weekend.THE BIG STORY AT HOME is the addition of a brand-new IPO to our pipeline this year, with Macro Group Pharma releasing its intention to float overnight. Macro is getting its ducks in a\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":561213,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/what-were-tracking-on-30-march-2021\/","url_meta":{"origin":561177,"position":1},"title":"What we\u2019re tracking on 30 March 2021","author":"enterpriseam admin","date":"30 March 2021","format":false,"excerpt":"Good morning, wonderful people. It\u2019s hump day, we know, but it\u2019s shaping up to be the best week in forever. Consider: The Suez Canal is open again now that the Ever Whatever is floated and chilling in the Great Bitter Lake.CI Capital has priced Taaleem\u2019s IPO on the Egyptian Exchange\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":628224,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/01\/act-financial-kicks-off-ipo-process-tomorrow\/","url_meta":{"origin":561177,"position":2},"title":"Act Financial kicks off IPO process tomorrow","author":"enterpriseam admin","date":"1 July 2024","format":false,"excerpt":"Good afternoon, friends, and welcome back to the grind after a long weekend. We hope you had a restful break.THE BIG STORY TODAY- Act Financial is kicking off its IPO procedures tomorrow in an event held alongside IPO manager Zilla Capital, the investment management firm said in an announcement seen\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\/2023\/12\/1463.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544067,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/tonight-no-wheat-hedging-in-the-cards-so-far-maait-says-macro-closes-its-retail-offering-102x-oversubscribed-plus-macron-begins-shuttle-diplomacy-with-russia\/","url_meta":{"origin":561177,"position":3},"title":"TONIGHT: No wheat hedging in the cards so far, Maait says + Macro closes its retail offering 102x oversubscribed. Plus: Macron begins shuttle diplomacy with Russia","author":"enterpriseam admin","date":"7 February 2022","format":false,"excerpt":"It\u2019s a relatively calm Monday afternoon, ladies and gentlemen, with no massive story here at home dominating the news cycle today. THE BIG STORIES TODAY SO FAR-#1- The retail component of Macro Group\u2019s IPO closed today 102x oversubscribed, the EGX said in a bulletin at the end of today\u2019s trading\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":544116,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/10\/tonight-macro-group-hits-the-egx-inflation-rises-in-january-plus-we-have-ev-charging-tariffs\/","url_meta":{"origin":561177,"position":4},"title":"TONIGHT: Macro Group hits the EGX + inflation rises in January. Plus: We have EV charging tariffs","author":"enterpriseam admin","date":"10 February 2022","format":false,"excerpt":"Well, ladies and gentlemen, we\u2019ve made it through another week. Is the rest of February going to trudge by this slowly?THE BIG STORIES TODAY- #1- Cosmeceuticals giant Macro Group\u2019s shares began trading on the EGX this morning under the ticker MCRO.CA, according to an EGX statement (pdf). Macro raised EGP\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":567888,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/what-were-tracking-on-10-december-2020\/","url_meta":{"origin":561177,"position":5},"title":"What we\u2019re tracking on 10 December 2020","author":"enterpriseam admin","date":"10 December 2020","format":false,"excerpt":"Good morning, friends. 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561177","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=561177"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561177\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/561175"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561177"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561177"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}