{"id":561641,"date":"2021-04-15T04:00:01","date_gmt":"2021-04-15T04:00:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/15\/this-morning-summer-hours-start-on-saturday-whats-up-with-jj-and-astrazenecas-jabs\/"},"modified":"2021-04-15T04:00:01","modified_gmt":"2021-04-15T04:00:01","slug":"this-morning-summer-hours-start-on-saturday-whats-up-with-jj-and-astrazenecas-jabs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/15\/this-morning-summer-hours-start-on-saturday-whats-up-with-jj-and-astrazenecas-jabs\/","title":{"rendered":"THIS MORNING: Summer hours start on Saturday + What\u2019s up with J&#038;J and AstraZeneca\u2019s jabs?"},"content":{"rendered":"<p><strong>Happy Thursday, everyone. <\/strong>We hope you\u2019re all looking forward to a relaxing weekend after we get through today.<\/p>\n<p><strong>It\u2019s a moderately heavy morning for news<\/strong> as we approach the end of the week, with news of investment from Carrefour, the latest on the nation\u2019s fast-growing non-bank financial services sector, and the potential for rapprochement with Turkey. We have the details on all of this and more in this morning\u2019s news well, below.<\/p>\n<p><strong>***CATCH UP QUICK<\/strong> on the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>Coming in from the cold?<\/strong> Turkey and Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/704ea626-80bf-4b45-9089-961a0e8e1493\">could soon hold direct talks<\/a> to restore diplomatic ties.<\/li>\n<li><strong>M&A Watch:<\/strong> EFG Hermes and the SFE are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/26d64c6e-10b4-48d4-b053-63f5becb0429\">closer to acquiring<\/a> a controlling stake in the currently state-owned Arab Investment Bank after EFG\u2019s board approved the move.<\/li>\n<li><strong>Infrastructure finance for Luxor:<\/strong> Egypt will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/181495ae-dead-46a3-9644-481a08ea0051\">receive at least EUR 108 mn<\/a> from the African Development Bank (AfDB) to install wastewater utilities in rural Luxor, after Cabinet approved the finance in its weekly meeting yesterday.<\/li>\n<\/ul>\n<p><strong>** So, when do we eat? <\/strong>We\u2019ll break today\u2019s fast at 6:22pm. You\u2019ll have until 3:57am to finish gulping down your coffee (or sohour, if you prefer).<\/p>\n<p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p>\n<p><strong>We <\/strong><strong>were supposed to be getting more information<\/strong><strong> yesterday<\/strong> <strong>on the new construction <\/strong><strong>licenses + b<\/strong><strong>uilding code.<\/strong> Prime Minister Moustafa Madbouly said <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1898769976968025\">earlier this month<\/a> that his government would hold a presser before 15 April to explain the new system for the granting of construction licenses. The system is set to kick off a pilot phase on 1 May, before fully rolling out at the start of the fiscal year on 1 July.<\/p>\n<p><strong>\u201cSummer hours<\/strong><strong>\u201d <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1893821920796164\">come into effect<\/a><\/strong><strong> for retail stores and restaurants on <\/strong><strong>Saturday.<\/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<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>YOUR MORNING MUST READ- A single day\u2019s delay of vaccination puts more lives <\/strong><strong>at risk than vaccines (clots or not) ever could<\/strong>, argues <a href=\"https:\/\/www.ft.com\/content\/090f1b3c-95d9-4b10-9a7c-ba3a7f290fee\">Financial Times<\/a> contributor and <a href=\"https:\/\/timharford.com\/books\/\">Undercover Economist<\/a> author Tim Hartford in a thought-provoking piece on why we should embrace vaccines despite possible risks. The chance of developing a fatal blood clot \u2014 which has not been conclusively proven to be linked to any vaccine \u2014 is maybe one in 1 mn, meaning 67 people would die if the UK vaccinated its entire population of around 67 mn, Hartford argues.<\/p>\n<p><strong>And while even one vaccine-related death seems like one too many, look at the death toll from the virus itself:<\/strong> At no point was the UK\u2019s covid-19 death toll below 67 during the winter wave between October and March, meaning that covid is killing more people in a single day than vaccine-related complications might throughout the entire campaign. Though we can logically understand this, issues with trust, control, and the media saturation with the blood clots data is likely to keep some people from getting a jab, despite statistics encouraging otherwise.<\/p>\n<p><strong>The EU is turning to<\/strong><strong> BioNTech\/Pfizer...<\/strong> Pfizer and BioNTech are expected to deliver 50 mn doses of their vaccine to the EU earlier than expected, moving forward their initial delivery target to 2Q2021 instead of 4Q2021, according to <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/statement_21_1741\">a European Commission statement<\/a>. The announcement means the EU will be receiving a total 250 mn doses of the vaccine between April and June.<\/p>\n<p><strong>\u2026as doubts over AstraZeneca continue<\/strong><strong>\u2026 <\/strong>Denmark <a href=\"https:\/\/www.sst.dk\/en\/English\/news\/2021\/Denmark-continues-its-vaccine-rollout-without-the-COVID-19-vaccine-from-AstraZeneca\">has become<\/a> the first European nation to stop using the AstraZeneca vaccine completely due to the possible links between the vaccine and blood clotting. Several European governments have restricted the use of the vaccine to over-60s due to fears that younger people may be more susceptible to adverse reactions. Norway may follow suit today when it <a href=\"https:\/\/www.ft.com\/content\/7b992d68-2814-4390-9d71-ff4c704c9f98\">announces its decision<\/a> on whether to continue with AstraZeneca.<\/p>\n<p><strong>\u2026and Johnson & Johnson remains unresolved:<\/strong> US health experts have held off on making new recommendations on the J&J covid vaccine, which was suspended earlier this week due to potential links to blood clotting, according to <a href=\"https:\/\/www.nbcnews.com\/health\/health-news\/johnson-johnson-vaccine-remains-pause-cdc-panel-requests-more-information-n1264076\">NBC News<\/a>. Many said they required more information to rule on the safety of the vaccine, the rollout of which will remain frozen while the investigation continues.<\/p>\n<p><strong>On the flipside, the Oxford \/ AstraZeneca vaccine may provide wider protection for over-80s than <\/strong><strong>Pfizer\/BioNTech, <\/strong>according to the results of a University of Birmingham-led <a href=\"https:\/\/www.birmingham.ac.uk\/news\/latest\/2021\/04\/covid-antibody-response-vaccine-older-people.aspx\">study<\/a> comparing the two. Those who had received the AstraZeneca shot had a stronger antibody response, and the AstraZeneca jab prompted a T-cell response in 31% of elderly participants, compared to only 12% of those who had received the Pfizer shot.<\/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>MARKET WATCH-<\/strong><\/p>\n<p><strong>What a difference a year makes:<\/strong> Oil demand is expected to grow in 2021 to 96.7 mn bbl\/d despite major oil consumers such as Brazil and India still grappling with surging covid-19 cases, the International Energy Agency (IEA) said in its latest <a href=\"https:\/\/www.iea.org\/reports\/oil-market-report-april-2021?utm_content=buffer092f6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer\">Oil Market Report<\/a>. The IEA said its optimistic (for producers, not so much for our warming planet) outlook is based on the accelerating global economic recovery, but warned that the deteriorating health situation in some of the world\u2019s biggest consuming countries means that the oil recovery \u201cremains fragile.\u201d<\/p>\n<p><strong>Do you remember negative oil prices? <\/strong>It is almost a year to the day that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8c851de7-9d60-4c5a-95d9-b39147181964\">global oil markets<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8c851de7-9d60-4c5a-95d9-b39147181964\">were staring into the abyss<\/a> after a historic day of trading <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2f1d260-e322-4c4b-9764-8043d5cc2720\">sent US crude prices negative for the first time in history<\/a>. The initial wave of lockdowns caused one of the worst demand shocks in living memory, which combined with an oversupply crisis due to a Saudi-Russia price war to force global benchmarks to endure one of their worst periods in history.<\/p>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>iSheep, take note: Apple is running a virtual event on Tuesday, 20 April <\/strong>at which pundits think it will <a href=\"https:\/\/www.theverge.com\/2021\/4\/13\/22310826\/apple-april-20th-event-date-rumors-ipad-pro-macbook-tv-airtags\">unveil AirTags and a new iPad Pro<\/a> with an improved display and faster processor, among other goodies. The headline: Spring Loaded. The event will stream at 7pm CLT on <a href=\"https:\/\/www.apple.com\/apple-events\/\">Apple\u2019s website<\/a> and on <a href=\"https:\/\/www.youtube.com\/watch?v=JdBYVNuky1M\">YouTube<\/a>.<\/p>\n<p><strong>EBRD President Odile Renaud-Basso could visit Egypt later this month<\/strong>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2308519\">Al Masry<\/a><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2308519\">Al Youm<\/a> reported this weekend following a meeting with Egypt\u2019s ambassador to the UK Tarek Adel. This would be her first official visit to Egypt since she was appointed to head the bank in November.<\/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>Happy Thursday, everyone. We hope you\u2019re all looking forward to a relaxing weekend after we get through today. It\u2019s a moderately heavy morning for news as we approach the end of the week, with news of investment from Carrefour, the latest on the nation\u2019s fast-growing non-bank financial services sector, and the potential for rapprochement with [&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":[72,746,91,338,113,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561641","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-international-energy-agency","tag-oil-and-gas","tag-retail","tag-vaccines","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"38b64f5c-a1bd-4c1d-8514-f5eb630c155f","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[561639],"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>THIS MORNING: Summer hours start on Saturday + What\u2019s up with J&amp;J and AstraZeneca\u2019s jabs? - 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\/15\/this-morning-summer-hours-start-on-saturday-whats-up-with-jj-and-astrazenecas-jabs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Summer hours start on Saturday + What\u2019s up with J&amp;J and AstraZeneca\u2019s jabs?\" \/>\n<meta property=\"og:description\" content=\"Happy Thursday, everyone. 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They're solved now and we'll be back to our usual time tomorrow. It is an exceptionally busy news morning with an unprecedented six-month suspension handed on Thursday to 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\/2018\/11\/1617.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625544,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/08\/what-were-tracking-on-8-august-2018\/","url_meta":{"origin":561641,"position":1},"title":"What we\u2019re tracking on 8 August 2018","author":"enterpriseam admin","date":"8 August 2018","format":false,"excerpt":"It\u2019s the accidental diplomacy issue here at Enterprise, with the local press being largely preoccupied with foreign affairs as the business community (a) tends to its knitting during earnings season; (b) decamps to Sahel or (c) both, simultaneously.The biggest news on the diplomacy front: Sameh Shoukry\u2019s very busy day in\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":624583,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/13\/erdogan-appoints-himself-manager-of-turkeys-sovereign-wealth-fund\/","url_meta":{"origin":561641,"position":2},"title":"Erdogan appoints himself manager of Turkey\u2019s sovereign wealth fund","author":"enterpriseam admin","date":"13 September 2018","format":false,"excerpt":"Egypt: \u201cWe\u2019re hiring a manager for our new wealth fund.\u201d Turkey: \u201cHold my beer.\u201d (From Bloomberg: \u201cPresident Recep Tayyip Erdogan appointed himself chairman of Turkey\u2019s sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction.\u201d)","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\/2018\/9\/222.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650652,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/what-were-tracking-on-29-march-2017\/","url_meta":{"origin":561641,"position":3},"title":"What we\u2019re tracking on 29 March 2017","author":"enterpriseam admin","date":"29 March 2017","format":false,"excerpt":"Some good news to start your morning: Thomas Cook says there are early signs tourists are returning to Egypt, Reuters reports. The tour operator expects to hit its full-year operating targets and says \u201cafter a slow start to the season and a tough year in 2016, we're seeing early signs\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":649812,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/09\/what-were-tracking-on-9-march-2018\/","url_meta":{"origin":561641,"position":4},"title":"What we\u2019re tracking on 9 March 2018","author":"enterpriseam admin","date":"9 March 2017","format":false,"excerpt":"We\u2019ll be taking our value-added tax executive regulations sans salt this morning, as the Finance Ministry officially released them yesterday morning. They clarify key issues with the VAT, define sectors and industries, outline reductions and rebates, and set the status of contracts signed pre-VAT. We have more for you 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":652875,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/what-were-tracking-on-22-january-2017\/","url_meta":{"origin":561641,"position":5},"title":"What we\u2019re tracking on 22 January 2017","author":"enterpriseam admin","date":"22 January 2017","format":false,"excerpt":"We hope you have stocked up on salt, because you will need it this month with all the rumors of the cabinet shuffle flying out the woodwork. Economic and sovereign ministers are reportedly among the list of 11 portfolios who will be replaced, government sources tell Al Shorouk. These include\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\/561641","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=561641"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561641\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/561639"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561641"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561641"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}