{"id":562167,"date":"2021-05-10T03:54:10","date_gmt":"2021-05-10T03:54:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/this-morning-why-rising-inflation-in-the-us-may-be-bad-for-egypt-more-progress-on-vaccine-availability-as-the-pre-eid-news-slowdown-begins\/"},"modified":"2021-05-10T03:54:10","modified_gmt":"2021-05-10T03:54:10","slug":"this-morning-why-rising-inflation-in-the-us-may-be-bad-for-egypt-more-progress-on-vaccine-availability-as-the-pre-eid-news-slowdown-begins","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/this-morning-why-rising-inflation-in-the-us-may-be-bad-for-egypt-more-progress-on-vaccine-availability-as-the-pre-eid-news-slowdown-begins\/","title":{"rendered":"THIS MORNING: Why rising inflation in the US may be bad for Egypt + more progress on vaccine availability as the pre-Eid news slowdown begins"},"content":{"rendered":"

Good morning, wonderful people, and welcome to a shockingly slow news day. <\/strong>It\u2019s slow enough, in fact, that it begs the question of whether the traditional pre-Eid news slowdown has started a day early.<\/p>\n

THE BIG STORY here at home this morning? <\/strong>It\u2019s a tie between two yawners: The IMF expects to wrap its latest review of our progress on economic reforms by the end of June, and we have another batch of AstraZeneca due in today. We have more on both stories in this morning\u2019s news well, below.<\/p>\n

Actually, isn\u2019t that a sign of progress? <\/strong>The notion that the arrival of 1.7 mn doses of a covid jab \u2014 where not long ago we had zero \u2014 is a \u201cyawner\u201d is a sign that whatever kinks remain in the global vaccine distribution pipeline, Egypt is getting something right. Room for cautious optimism (to use the hoary old phrase) if nothing else.<\/p>\n

THE BIG STORY ABROAD this morning is the ransomware attack on a US pipeline<\/strong> that carries almost half of the fuel consumed by the East coast of America. Officials there have declared a state of emergency \u201cin a bid to keep fuel supply lines open as fears of shortages rose.\u201d The story, which broke yesterday, still leads the front pages of the Financial Times<\/a>, Reuters<\/a> and Bloomberg<\/a>.<\/p>\n

HAPPENING TODAY + TOMORROW-<\/strong><\/p>\n

It\u2019s inflation day:<\/strong> Capmas and the Central Bank of Egypt should release inflation figures for April today.<\/p>\n

The Arab League will meet in Cairo today or <\/strong>tomorrow<\/strong> to discuss the violence in Jerusalem.<\/strong> There are conflicting reports on whether the meeting is scheduled for today or Tuesday: Al Shorouk<\/a> cites Palestine\u2019s Assistant Foreign Minister Omar Awadallah as saying the meeting is happening today, while the Arab League\u2019s Assistant Secretary-General Hossam Zaki said it\u2019s slated for Tuesday, as we note in Last Night\u2019s Talk Shows, below. The Arab foreign ministers will discuss Israeli forces\u2019 aggression against Palestinians in Jerusalem<\/a>, including at the Al Aqsa Mosque and in East Jerusalem\u2019s Sheikh Jarrah neighborhood. At least 269 Palestinian civilians were injured over the course of two days of violence. Egypt has also summoned<\/a> Israel's ambassador to Cairo Amira Oron for talks.<\/p>\n

Meanwhile, an Israeli Supreme Court hearing originally scheduled for today on the <\/strong>forced displacement of Palestinians from their homes in Sheikh Jarrah has been postponed<\/strong> amid the violent clashes and international outcry, Times of Israel<\/a> reports. The date for the postponed hearing must be set within 30 days, the court decreed. Evictions are to stop in the meantime, it said.<\/p>\n

***CATCH UP QUICK<\/strong> on the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n