{"id":562232,"date":"2021-05-17T04:15:51","date_gmt":"2021-05-17T04:15:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/"},"modified":"2021-05-17T04:15:51","modified_gmt":"2021-05-17T04:15:51","slug":"this-morning-where-did-we-leave-off-before-eid-el-fitr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/","title":{"rendered":"THIS MORNING: Where did we leave off before Eid El Fitr?"},"content":{"rendered":"<p>\u00a0<\/p>\n<p><strong>Good morning, friends. <\/strong>Anyone else feel like someone just used the <a href=\"https:\/\/www.youtube.com\/watch?v=QjMCWZnXcpc&t=116s\">neuralizer<\/a> on us all? We hope you had a fantastic break for Eid El Fitr \u2014 and that you\u2019re looking forward to the six-week sprint until we run headlong into summer vacation season in July.<\/p>\n<p><strong>WHERE DID WE LEAVE OFF before our brains were reset by the five-day Eid vacation? <\/strong>Among the top stories before we went on holiday:<\/p>\n<ul>\n<li><strong>The government is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/177e53a6-52e9-416d-a69d-2d6e1c720237\">planning to expand the Suez Canal<\/a><\/strong> to avoid a repeat of the Ever Given fiasco that blocked the trade artery for six days in March.<\/li>\n<li><strong>Importers <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/696d0ad1-c638-46df-80a3-7ad822ca314f\">can no longer<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/696d0ad1-c638-46df-80a3-7ad822ca314f\">bring<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/696d0ad1-c638-46df-80a3-7ad822ca314f\">used electric vehicles into Egypt<\/a><\/strong> under a Trade Ministry decision to boost local industry.<\/li>\n<li><strong>Ever <\/strong><strong>Given\u2019s ins. company<\/strong> <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db2b47ec-5e07-4857-b10d-c15536e1ff3b\">still won\u2019t pay<\/a><\/strong> the Suez Canal Authority\u2019s compensation claim.<\/li>\n<li><strong>Nile Scan is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bff7ea3a-f34e-4238-b629-12b7f6c96d6e\">bidding independently<\/a><\/strong> \u2014 not with Speed Medical \u2014 for a majority stake in <strong>Alexandria Medical Services<\/strong>.<\/li>\n<li><strong>Sodic is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09c7d28b-c599-4f89-ac9c-3c606c96d9f6\">planning a fresh securitized bond issuance<\/a><\/strong> in the coming weeks.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY THIS MORNING at home and abroad is the ongoing Israeli campaign <\/strong><strong>against Gaza<\/strong>, which overnight saw \u201cIsrael launch dozens of air strikes in Gaza \u2026 and Hamas keep up its rocket attacks on Israeli cities\u201d as fighting spilled into a second week, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-gaza-fighting-enters-its-second-week-2021-05-16\/\">Reuters<\/a>, reports. We have chapter and verse in this morning\u2019s news well, below.<\/p>\n<p><strong>WATCH THIS SPACE- Chevron shut down its operations at Israel\u2019s Tamar natural gas field<\/strong> \u2014 which supplies Egypt with natural gas \u2014 amid the flare-up in violence, according to <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/chevron-shuts-down-tamar-gas-field-off-israel-coast-wake-unrest-2021-05-12\/\">Reuters<\/a>. It remains unclear how the shutdown could impact its business with Egypt, if at all.<\/p>\n<p><strong>Expect Bill Gates to be in the news again this week <\/strong>as the Microsoft founder faces a <a href=\"https:\/\/www.wsj.com\/articles\/microsoft-directors-decided-bill-gates-needed-to-leave-board-due-to-prior-relationship-with-staffer-11621205803?mod=hp_lead_pos1\">Wall<\/a><a href=\"https:\/\/www.wsj.com\/articles\/microsoft-directors-decided-bill-gates-needed-to-leave-board-due-to-prior-relationship-with-staffer-11621205803?mod=hp_lead_pos1\">Street Journal exclusive<\/a> claiming \u201csome Microsoft directors began an investigation in 2019 into a woman\u2019s allegations of a prior [redacted] relationship\u201d with Gates. A spokesperson denies Gates stepped down from the tech giant\u2019s board in 2020 because of the matter.<\/p>\n<p><strong>Egyptians can now travel to Saudi Arabia <\/strong>after the kingdom removed us from the<a href=\"https:\/\/www.spa.gov.sa\/viewfullstory.php?lang=en&newsid=2228680\">list of countries<\/a> banned from visiting KSA as part of a bid to stall the spread of covid-19. Libya, Syria, Lebanon, Yemen, Iran, Turkey, Armenia, Somalia, Democratic Congo, Afghanistan, Venezuela, Belarus, and India remain on KSA\u2019s restricted travel list.<\/p>\n<p><strong>Meanwhile, hugs are <\/strong><strong><a href=\"https:\/\/fortune.com\/2021\/05\/15\/uk-lockdown-may-17-pubs-clubs-spending-united-kingdom\/\">allowed again in the UK<\/a><\/strong> as lockdown measures start easing today. The country is moving toward reopening in full next month.<\/p>\n<p><strong>SIGN OF THE TIMES- Greed is apparently good? <\/strong>\u201cMore than half of 100 companies with the <a href=\"https:\/\/www.reuters.com\/business\/worst-paying-blue-chip-employers-bolstered-ceo-pay-pandemic-report-says-2021-05-11\/\">lowest median employee wages<\/a> in the S&P 500 Index boosted CEO pay by changing the rules for assessing executive performance during covid-19 pandemic.\u201d <strong>Among the offenders: sugar peddler Coca-Cola and KFC parent company Yum brands.<\/strong> Gordon Gekko would approve.<\/p>\n<p><strong>HAPPENING THIS WEEK-<\/strong><\/p>\n<p><strong>President Abdel Fattah El Sisi will discuss \u201cregional developments\u201d (read: GERD and <\/strong><strong>Israel-Palestine) and terrorism with French President Emmanuel Macron in Paris during a two day visit<\/strong>, according to <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1153294925189886\">an Ittihadiya statement<\/a>. El Sisi landed in the French capital <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1153521785167200\">yesterday<\/a>. The two leaders will meet during two back-to-back summits today and tomorrow in Paris \u2014 one on supporting Sudan\u2019s political transition and another on plugging African countries\u2019 post-covid financing shortfalls. El Sisi also <a href=\"https:\/\/bit.ly\/3wa7kMT\">met<\/a> with Rafale jet maker Dassault CEO Eric Trappier; Egypt is reportedly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/849526ab-920b-43f2-ae71-959b9cc408d8\">purchasing 30 more fighter jets<\/a>.<\/p>\n<p><strong>The Sovereign Sukuk Act is on the Senate\u2019s agenda today<\/strong> as it resumes its sessions after the Eid holiday, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=15052021&id=dd981604-1401-496a-9cd6-979ba359849b\">Al Shorouk<\/a> reports. The act has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb78de06-8229-4852-88ad-b83851ed0f85\">passed the House Economic Committee<\/a> and will be shipped back to the House of Representatives for a final say following the Senate\u2019s vote.<\/p>\n<p><strong>Avior Capital Markets and HC Securities are hosting a virtual conference on investing in<\/strong><strong> Egyptian equities from today<\/strong> until Thursday, 20 May, according to <a href=\"https:\/\/ent.news\/2021\/5\/Research-avior-conference-17-May-21-English.pdf\">a statement (pdf)<\/a>. Central Bank of Egypt Deputy Governor Rami Abulnaga and Sovereign Fund of Egypt CEO Ayman Soliman are expected to speak at the conference.<\/p>\n<p><strong>Renaissance Capital\u2019s <\/strong><strong><a href=\"https:\/\/events.rencap.com\/MENAconference\/\">annual MENA investor conference<\/a><\/strong><strong> kicks off tomorrow.<\/strong> The event features three days of one-on-one meetings between investors and MENA companies. On the agenda tomorrow: An economic update on the region at 2pm CLT before Fawry CEO <strong>Ashraf Sabry<\/strong> and Taaleem Managing Director <strong>Mohamed El Rashidi<\/strong> join a discussion on what lies ahead for the MENA business community.<\/p>\n<p><strong>Accept WhatsApp\u2019s new policy, or leave: <\/strong>WhatsApp\u2019s new privacy policy came into effect yesterday, forcing users who haven\u2019t accepted the new terms to use the app with limited functionality, Facebook said in a <a href=\"https:\/\/www.wired.com\/story\/whatsapp-privacy-policy-facebook-data-sharing\/\">press release<\/a>. Users will continue to receive reminders of the updates for several weeks, after which the app will stop working for those who have not accepted. Facebook delayed implementing the new policy in February following widespread backlash from users who feared Facebook would start screening message content.<\/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>US stocks recouped on Friday some of their mid-week losses <\/strong>as concerns about a commodities-fueled surge in inflation abated, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-13\/asian-stocks-set-to-rally-following-u-s-rebound-markets-wrap?sref=mmeFTDW1\">Bloomberg<\/a>. The S&P 500 rose for the second day running on Friday and the tech-heavy Nasdaq began to show signs of recovery following a volatile two weeks. The S&P <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-11\/asian-stocks-set-for-muted-open-after-u-s-drop-markets-wrap?sref=mmeFTDW1\">saw its largest single-day fall since February<\/a> on Wednesday after fresh figures showed US inflation rose more than expected.<\/p>\n<p><strong>China\u2019s move to squash the metals rally may have had something to do with the Wall Street recovery:<\/strong> Iron ore prices in Asia <a href=\"https:\/\/www.mining.com\/iron-ore-price-sinks-as-china-vows-to-punish-market-manipulation\/\">plunged 10%<\/a> on Friday from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e75b89b-17d7-471f-8432-6a2b18bcb16c\">record highs<\/a> after the Chinese government stepped up its efforts to put a damper on spiraling prices, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-14\/iron-ore-slumps-again-as-steel-hub-asks-mills-to-control-surge?sref=mmeFTDW1\">Bloomberg<\/a> reports. Tangshan, one of the centers of China\u2019s steel industry, said it could revoke licenses of businesses found to be hoarding materials or spreading rumors, after which iron prices experience their <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-13\/asian-stocks-set-to-rally-following-u-s-rebound-markets-wrap?sref=mmeFTDW1\">largest two-day fall since 2019<\/a>.<\/p>\n<p><strong>Gasoline supply to the US East Coast returned to normal over the weekend <\/strong>after a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba540bd1-0b36-412c-9347-7f8f30042707\">cyberattack earlier this month<\/a> forced the closure of the Colonial pipeline, which supplies almost a half of the East Coast\u2019s fuel, <a href=\"https:\/\/www.reuters.com\/business\/energy\/massive-replenishment-begins-ease-us-fuel-shortages-2021-05-15\/\">Reuters<\/a> reports. The supply shortage caused by the temporary closure pushed petrol prices up, exacerbating a seasonal price increase that was already underway. <strong>The Colonial pipeline is <\/strong><strong><a href=\"https:\/\/www.reuters.com\/business\/energy\/colonial-pipeline-paid-hackers-nearly-5-mln-ransom-bloomberg-news-2021-05-13\/\">reported to have paid<\/a><\/strong><strong> some USD 5 mn in ransom to the hackers using untraceable cryptocurrency<\/strong>; the hackers have since claimed they\u2019re going to <a href=\"https:\/\/www.fastcompany.com\/90637129\/colonial-pipeline-hackers-we-quit\">close up shop<\/a>. The shortage prompted some <a href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/colonial-pipeline-gas-hoarding-hummer-b1847884.html\">particularly stupid hoarding behaviour<\/a>.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" 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.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> The state of play in the learn-to-code industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Good morning, friends. Anyone else feel like someone just used the neuralizer on us all? We hope you had a fantastic break for Eid El Fitr \u2014 and that you\u2019re looking forward to the six-week sprint until we run headlong into summer vacation season in July. WHERE DID WE LEAVE OFF before our brains [&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":[96,898,72,647,491,187,1982,392,3285,126,74,2935],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562232","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-abdel-fattah-el-sisi","tag-emmanuel-macron","tag-enterpriseam","tag-facebook","tag-france","tag-legislation-watch","tag-renaissance-capital","tag-senate","tag-sovereign-sukuk-act","tag-sudan","tag-what-were-tracking-today","tag-whatsapp","wpautop","entry"],"acf":{"mongo_id":"a34bfdba-bcad-474d-ac29-0424191c4114","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[562230],"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: Where did we leave off before Eid El Fitr? - 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\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Where did we leave off before Eid El Fitr?\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Good morning, friends. Anyone else feel like someone just used the neuralizer on us all? We hope you had a fantastic break for Eid El Fitr \u2014 and that you\u2019re looking forward to the six-week sprint until we run headlong into summer vacation season in July. WHERE DID WE LEAVE OFF before our brains [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-17T04:15:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS MORNING: Where did we leave off before Eid El Fitr?\",\"datePublished\":\"2021-05-17T04:15:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\"},\"wordCount\":1119,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg\",\"keywords\":[\"Abdel Fattah El Sisi\",\"Emmanuel Macron\",\"EnterpriseAM\",\"Facebook\",\"France\",\"Legislation Watch\",\"Renaissance Capital\",\"Senate\",\"Sovereign Sukuk Act\",\"Sudan\",\"What We're Tracking Today\",\"WhatsApp\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\",\"name\":\"THIS MORNING: Where did we leave off before Eid El Fitr? 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- EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/","og_locale":"en_US","og_type":"article","og_title":"THIS MORNING: Where did we leave off before Eid El Fitr?","og_description":"\u00a0 Good morning, friends. Anyone else feel like someone just used the neuralizer on us all? We hope you had a fantastic break for Eid El Fitr \u2014 and that you\u2019re looking forward to the six-week sprint until we run headlong into summer vacation season in July. 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An image of Donald Duck and Ben Ten leading Eid prayers in Kafr El Sheikh blew up on social media during the break, leading many to wonder whether Al Azhar become so open-minded that it now allows fictional characters\u2026","rel":"","context":"In &quot;Image of the Day&quot;","block_context":{"text":"Image of the Day","link":"https:\/\/enterpriseam.com\/egypt\/category\/image-of-the-day\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/203.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643105,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/what-were-tracking-on-30-august-2017\/","url_meta":{"origin":562232,"position":1},"title":"What we\u2019re tracking on 30 August 2017","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"We\u2019re heading into a five-day weekend. \u2018Nuff said. We hope each and every one of you has a happy Eid full of family and friends, a safe and blessed Hajj, a relaxing Labor Day weekend, or otherwise simply enjoy a beautiful weekend. 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Banks, capital markets (and, by extension, much of the private sector) are on holiday Tuesday\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":598741,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/abu-qir-to-sell-stake-after-eid-as-part-of-egypts-privatization-program\/","url_meta":{"origin":562232,"position":4},"title":"Abu Qir to sell stake after Eid as part of Egypt\u2019s privatization program","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"Abu Qir stake sale to take place after Eid El Fitr: The government could sell as much as 20% of Abu Qir Fertilizers via an accelerated book build on the EGX shortly after the Eid El Fitr break, Al Mal reports, citing unnamed sources. 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