{"id":561465,"date":"2021-04-08T03:49:47","date_gmt":"2021-04-08T03:49:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/ramadan-covid-measures-to-be-announced-today-a-fuel-price-hike-announcement-any-day-now\/"},"modified":"2021-04-08T03:49:47","modified_gmt":"2021-04-08T03:49:47","slug":"ramadan-covid-measures-to-be-announced-today-a-fuel-price-hike-announcement-any-day-now","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/ramadan-covid-measures-to-be-announced-today-a-fuel-price-hike-announcement-any-day-now\/","title":{"rendered":"Ramadan covid measures to be announced today + a fuel price hike announcement any day now."},"content":{"rendered":"<p><strong>Well, that\u2019s another week in the books, nice people<\/strong>, as we wind down this final week before Ramadan. The Holy Month is now five days away.<\/p>\n<p><strong>Look today for more information on covid restrictions that will come into play during <\/strong><strong>Ramadan.<\/strong> Health Minister Hala Zayed will hold a presser today to address measures that will be taken to limit the spread of covid-19 during the month, <a href=\"https:\/\/bit.ly\/3wE55m4\">Masrawy<\/a> says.<\/p>\n<p><strong>Egypt will eithe<\/strong><strong>r raise or maintain fuel prices in 2Q<\/strong> due to the rise of global oil prices last quarter, an unnamed governmental source told the <a href=\"https:\/\/bit.ly\/3mzb335\">local press<\/a>. The government\u2019s fuel pricing committee will announce 2Q prices before this Saturday. Brent crude ranged between USD 50-70 per barrel during the first quarter, up from USD 37-53 in 4Q2020.<\/p>\n<p><strong>Meanwhile, Eva and Pharco have apparently landed rights to manufacture China\u2019s <\/strong><strong>Sinovac jab. <\/strong>We have chapter and verse on the story in this morning\u2019s news well, below.<\/p>\n<p><strong>***CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>Taaleem shares <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94e97ae5-4a3e-46a4-8dca-243163201344\">popped 6% in EGX debut<\/a><\/strong>, ending the nation\u2019s IPO drought.<\/li>\n<li>The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cfa00ffb-5877-4b7e-a2a1-a9308f162a08\">window is open<\/a> for <strong>retail subscription to Macro Group\u2019s IPO.<\/strong><\/li>\n<li><strong>ADQ\u2019s Agthia is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad79dcc4-e48b-492b-a3fc-e706b8fcb8cc\">one step closer<\/a><\/strong><strong> to Atyab takeover. <\/strong><\/li>\n<li><strong>EFG, SFE <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d32e060-6886-4e50-912d-289c42928f40\">closing in on AIB acquisition<\/a><\/strong> + El Salhiya is on the block.<\/li>\n<\/ul>\n<p><strong>FROM THE REGION- Crisis averted, says Abdullah:<\/strong> Jordan\u2019s King Abdullah II said yesterday the rift between himself and his half-brother, the former crown prince Hamza bin Hussein, had been \u201cnipped in the bud,\u201d according to a written statement read on Jordan TV (<a href=\"https:\/\/www.youtube.com\/watch?v=NZQ9GgWoUr8&ab_channel=%D8%A7%D9%84%D8%AA%D9%84%D9%81%D8%B2%D9%8A%D9%88%D9%86%D8%A7%D9%84%D8%A3%D8%B1%D8%AF%D9%86%D9%8AJordanTV\">watch, runtime 1:32<\/a>). The investigation into the plot is still active, Abdullah noted, adding that Hamza is with \u201chis family in his palace under my care.\u201d Hamza said last week that he had been placed under house arrest after the government claimed that he was plotting with foreign actors to destabilize the country.<\/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 href=\"https:\/\/bit.ly\/3sS6Jyi\">Today is the deadline<\/a><\/strong><strong> for the business community <\/strong><strong>to give comment<\/strong><strong> on new draft executive regs for the Customs Act.<\/strong> Under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d9f9d03-b89e-4f70-b83b-60a0b0199a89\">the proposed regulations<\/a>, importers would be allowed to pay customs fees in chunks over 6-12 months, depending on how established their business is. The regs would also allow goods to move out of Egypt without submitting waybills on the spot.<\/p>\n<p><strong>More information on the new construction licenses + building code will be made <\/strong><strong>public before next Thursday:<\/strong> The government <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1898769976968025\">will hold a presser<\/a> before 15 April to explain the details of the new system that will hand out construction licenses. The two-month pilot phase will begin 1 May before the system is fully rolled out at the start of the new fiscal year.<\/p>\n<p><strong>Further out in the legislation pipeline:<\/strong> Amendments to the VAT Act will be shipped back to the House Planning and Budgeting Committee in a few weeks after public consultations on the amendments wrap up, committee undersecretary Mostafa Salem told Enterprise. The Finance Ministry has been sitting down with industry players, including representatives from Coca Cola, PepsiCo, and Nestle for their comments on the amendments, including applying the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/976a0bd2-9def-4208-8eed-a9bcee2355be\">14% tax to the rent and purchase<\/a> of commercial and administrative properties, imposing VAT on crackers and some sweets, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40999825-ce0a-4afc-be87-32ef07a345f7\">removing the tax<\/a> on imports of strategic commodities.<\/p>\n<p><strong>The Sovereign Fund of Egypt will issue the conditions booklet for the contract to develop <\/strong><strong>the Mogamma El Tahrir this month<\/strong>, according to CEO Ayman Soliman. The goal is for the Mogamma to be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67202e51-b4cf-476e-8612-f071182af3bc\">transformed into a multi-purpose building<\/a>.<\/p>\n<p><strong>Inflation data<\/strong> for March will be out on or around <strong>Saturday, 10 April<\/strong>.<\/p>\n<p><strong>Russian Foreign Minister Sergey Lavrov is due in town on 12 April<\/strong> to discuss the latest developments on the Grand Ethiopian Renaissance Dam. Lavrov\u2019s planned trip comes after expectations that Russian President Vladimir Putin would visit Egypt sometime in March did not materialize.<\/p>\n<p><strong>Shares of Macro Group will start trading on Monday, 19 April <\/strong>in the second hotly anticipated IPO of the year. The window for retail subscriptions runs 11-15 April.<\/p>\n<p><strong>Egyptian Iron and Steel\u2019s mining spinoff should be going live on the EGX <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc3c77c7-72c3-423f-9a89-d2c12b17880b\">any day now<\/a><\/strong>as the parent company prepares to go into liquidation, with officials previously saying to expect the debut in the first week of April.<\/p>\n<p><strong>\u201cSummer hours<\/strong><strong>\u201d will<\/strong> <strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1893821920796164\">come into effect<\/a><\/strong><strong> for retail stores and restaurants as of 17 April.<\/strong> This means retail shops can close at 11 pm (instead of 10 pm during the winter), while cafes and restaurants can stay open until 1 am (instead of midnight currently). We have more details on the winter vs. summer hours <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3019f4c-6803-4c38-a95f-5dfdeaf7a35b\">here<\/a>.<\/p>\n<p>The Central Bank of Egypt will meet to discuss interest rates on<strong> Thursday, 29 April<\/strong>.<\/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","protected":false},"excerpt":{"rendered":"<p>Well, that\u2019s another week in the books, nice people, as we wind down this final week before Ramadan. The Holy Month is now five days away. Look today for more information on covid restrictions that will come into play during Ramadan. Health Minister Hala Zayed will hold a presser today to address measures that will [&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":[107,72,3415,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561465","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-covid-19","tag-enterpriseam","tag-king-abdullah-ii","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"43c355ae-735a-4218-bcf9-140aae988145","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[561463],"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>Ramadan covid measures to be announced today + a fuel price hike announcement any day now. - 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\/04\/08\/ramadan-covid-measures-to-be-announced-today-a-fuel-price-hike-announcement-any-day-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ramadan covid measures to be announced today + a fuel price hike announcement any day now.\" \/>\n<meta property=\"og:description\" content=\"Well, that\u2019s another week in the books, nice people, as we wind down this final week before Ramadan. 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Consider this: From where we sit this morning, it\u2019s a quick sprint to the weekend.Next week: A full workweek, followed by a long weekend for Sinai\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":545592,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/this-morning-more-mosalsal-drama-its-pmi-day\/","url_meta":{"origin":561465,"position":1},"title":"THIS MORNING: More mosalsal drama + It\u2019s PMI day","author":"enterpriseam admin","date":"5 April 2022","format":false,"excerpt":"Good morning, wonderful people, and welcome to the first hump day of Ramadan \u2014 and the lightest news day we\u2019ve had in more than a month.Awards shows are becoming obsolete \/ we\u2019re getting old \/ we got caught up in the Ramadan of it all. We can\u2019t decide which excuse\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":549337,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/","url_meta":{"origin":561465,"position":2},"title":"IDH adapts to \u201cpost-covid\u201d era, sees conventional sales rise as covid-related sales slide","author":"enterpriseam admin","date":"13 September 2022","format":false,"excerpt":"Integrated Diagnostics Holding (IDH) saw its bottom line decline 62% y-o-y to EGP 125.6 mn in 2Q 2022 amid a drop in covid-related income as the pandemic recedes, according to its latest earnings release (pdf). The LSE- and EGX-listed consumer healthcare firm reported a 34% y-o-y decline in revenues to\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/205.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550536,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/this-evening-pmi-reading-sees-sharpest-decline-in-21-months-russian-coal-could-be-the-next-target-of-eu-sanctions\/","url_meta":{"origin":561465,"position":3},"title":"THIS EVENING: PMI reading sees sharpest decline in 21 months + Russian coal could be the next target of EU sanctions","author":"enterpriseam admin","date":"5 April 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen. We\u2019ve successfully made it through half of our first Ramadan workweek, so give yourself a pat on the back.SO, WHEN DO WE EAT? You\u2019ll be breaking your fast at 6:16pm CLT this evening in the capital city, and fajr prayers are at 4:10am.THE BIG STORY\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":571017,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/what-were-tracking-on-27-april-2020\/","url_meta":{"origin":561465,"position":4},"title":"What we\u2019re tracking on 27 April 2020","author":"enterpriseam admin","date":"27 April 2020","format":false,"excerpt":"It\u2019s a relatively light news day, but the big story of the day is \u2026 big: The Madbouly government did the right thing yesterday and formally asked the IMF for a helping hand in the form of a one-year \u201crapid financing\u201d facility and a separate stand-by funding arrangement. Key cabinet\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":550690,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/17\/this-evening-non-compliance-with-registration-rules-behind-suspension-from-importers-registry-more-violence-in-al-aqsa-mosque-omicrons-sub-variants-are-still-spreading\/","url_meta":{"origin":561465,"position":5},"title":"THIS EVENING: Non-compliance with registration rules behind suspension from importer\u2019s registry + More violence in Al Aqsa Mosque + Omicron\u2019s sub-variants are still spreading","author":"enterpriseam admin","date":"17 April 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy Palm Sunday, Western Easter, and Passover to all those observing \u2014 which is a sizable bunch, if the volume of out of office replies we\u2019ve received today is any indication.SO, WHEN DO WE EAT? You\u2019ll be breaking your fast at 6:23pm CLT this\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561465","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=561465"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561465\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/561463"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561465"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561465"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}