{"id":562702,"date":"2021-06-03T03:47:19","date_gmt":"2021-06-03T03:47:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/this-morning-its-pmi-day-yalla-bibi\/"},"modified":"2021-06-03T03:47:19","modified_gmt":"2021-06-03T03:47:19","slug":"this-morning-its-pmi-day-yalla-bibi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/this-morning-its-pmi-day-yalla-bibi\/","title":{"rendered":"THIS MORNING: It\u2019s PMI day; Yalla, Bibi."},"content":{"rendered":"<p><strong>Good morning, and a very happy Thursday to our readers:<\/strong> We have a packed issue to close out the week this morning, so let\u2019s get to it ...<\/p>\n<p><strong>It\u2019s PMI day: <\/strong>May\u2019s purchasing managers\u2019 index figures for Egypt, Saudi Arabia and the UAE land this morning at 6:15 CLT. The survey claims Egypt\u2019s non-oil private sector <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2dcfcd20-2bb5-4453-bf6c-94aab883abd1\">continued to face uncertainty in April<\/a>, with declines in demand, production and employment keeping activity in contraction for a fifth straight month.<\/p>\n<p><strong>Other key indicators to keep an eye out for in coming weeks:<\/strong><\/p>\n<ul>\n<li>Foreign reserves figures for May will be out early next week.<\/li>\n<li>May inflation data will be released next week.<\/li>\n<li>Interest rates: The Central Bank of Egypt will meet Thursday, 17 June to review rates.<\/li>\n<\/ul>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <strong>THE BIG STORY INTERNATIONALLY THIS MORNING-<\/strong><strong> The end is almost certainly nigh for <\/strong><strong>Bibi:<\/strong> Benjamin Netanyahu\u2019s 12-years at the helm of the Israel government could be over as a loose coalition of opponents agreed to form a coalition last night that would remove him from power. Liberal opposition leader Yair Lapid told President Reuven Rivlin that he had the numbers to finally form a government following four indecisive elections, paving the way for a parliamentary vote next week.<\/p>\n<p><strong>Who would replace him and what would this mean for Egypt?<\/strong> Lapid would share the prime ministership with his main partner, the far-right ultranationalist leader Naftali Bennett, who would take the position for the first two years before handing it over to Lapid. The coalition itself is a motley crew of liberals, Islamists and right-wing settlers: a mix of opposing parties that makes predicting a policy direction at this stage almost impossible.<\/p>\n<p><strong>Plus, this thing isn\u2019t quite over yet:<\/strong> With the coalition having a tiny parliamentary majority, Netanyahu still has a hope of thwarting his ouster, likely appealing to Bennett\u2019s far-right Yamina party to vote against it, which would send the country into a fifth election in two years.<\/p>\n<p><strong>This is front page news everywhere this morning:<\/strong> From <a href=\"https:\/\/www.nytimes.com\/2021\/06\/02\/world\/middleeast\/netanyahu-bennett-israel-coalition.html\">the New York Times<\/a> and <a href=\"https:\/\/apnews.com\/article\/middle-east-062e6baf13e774f30c4e697cb9f2d1f1\">the AP<\/a> to <a href=\"https:\/\/www.wsj.com\/articles\/israel-netanyahu-government-11622666936?mod=hp_lead_pos1\">the Wall Street Journal<\/a> and <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/israels-lapid-enlists-gantz-moves-closer-unseating-netanyahu-2021-06-02\/\">Reuters<\/a>.<\/p>\n<p><strong>***CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>Colliers international is now more hopeful about the Red Sea\u2019s <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3ac0c7c-9258-4a62-b6e9-893075c674c5\">tourism prospects<\/a><\/strong><strong> for 2021: <\/strong>The real estate services company now expects full-year hotel occupancy rates in Sharm El Sheikh to reach 42%, up from 81% in 2020, while hotels in Hurghada are expected to see 46% occupancy, nearly double last year\u2019s rate<\/li>\n<li><strong>A new basket of structural reforms are in the pipeline:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a90acf00-10d7-4a81-9d9d-8990542e2d81\">Priority industries<\/a> include \u201ctech-intensive manufacturing,\u201d agriculture, and communications and IT, as well as financial inclusion, agriculture, and vocational education.<\/li>\n<li><strong>Egypt is expected to (almost) match its pre-pandemic growth level in this final quarter of the state\u2019s current fiscal year: <\/strong>The economy is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dc06799e-2096-4852-a2f5-98a47b8417d0\">penciled in to grow<\/a> 5.2-5.5% this quarter, having grown at a 2.9% clip in 3Q2020-2021 and 2% the previous quarter.<\/li>\n<\/ul>\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><a href=\"https:\/\/www.gymnastics.sport\/site\/events\/detail.php?id=16598#loaded\">FIG World Challenge Cup<\/a><\/strong><strong> in Artistic Gymnastics for men and women<\/strong> will kick off in Egypt on Thursday and run until Sunday.<\/p>\n<p><strong>The British Egyptian Business Association will hold a virtual conversation with Oil <\/strong><strong>Minister Tarek El Molla on 7 June<\/strong> to discuss the sector\u2019s achievements. You can register <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_MVUuhotDTyOEplB7iVpuNw\">through this link<\/a>.<\/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>Good morning, and a very happy Thursday to our readers: We have a packed issue to close out the week this morning, so let\u2019s get to it ... It\u2019s PMI day: May\u2019s purchasing managers\u2019 index figures for Egypt, Saudi Arabia and the UAE land this morning at 6:15 CLT. The survey claims Egypt\u2019s non-oil private [&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":[3258,72,89,185,127,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562702","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-benjamin-netanyahu","tag-enterpriseam","tag-israel","tag-pmi","tag-politics","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"38530ef0-db4b-4477-95cd-612854cfb911","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[562700],"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: It\u2019s PMI day; Yalla, Bibi. - 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\/06\/03\/this-morning-its-pmi-day-yalla-bibi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: It\u2019s PMI day; Yalla, Bibi.\" \/>\n<meta property=\"og:description\" content=\"Good morning, and a very happy Thursday to our readers: We have a packed issue to close out the week this morning, so let\u2019s get to it ... 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How is it already the fifth of the month? We\u2019ve always loved the back-to-school, plan-for-the-new-year vibe of the ninth month of the year \u2014 and we love it doubly because we\u2019re going back to the office three\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":563512,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/06\/this-morning-its-pmi-day-egypt-on-moroccos-travel-list-b-from-tomorrow\/","url_meta":{"origin":562702,"position":1},"title":"THIS MORNING: It\u2019s PMI day; Egypt on Morocco\u2019s travel list B from tomorrow;","author":"enterpriseam admin","date":"6 July 2021","format":false,"excerpt":"Good morning, dear readers \u2014 and a very happy hump day from all of us at Enterprise HQ. Although we have precious little Egypt business news to bring you this morning, we wouldn\u2019t quite file this issue under \u2018workaday.\u2019 We have news that Egypt is in negotiations to locally produce\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":562669,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/02\/this-morning-pmi-lands-tomorrow-feltman-hits-the-road-to-try-and-solve-gerd\/","url_meta":{"origin":562702,"position":2},"title":"THIS MORNING: PMI lands tomorrow + Feltman hits the road to try and solve GERD;","author":"enterpriseam admin","date":"2 June 2021","format":false,"excerpt":"Good morning, nice people. It\u2019s a brisk news morning, just enough to keep us all grooving after heavy newsflow yesterday afternoon.Stories that broke yesterday afternoon and that you need to know about if you missed EnterprisePM: No eurobond sale before the end of June. Finance Minister Mohamed Maait denied 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":554388,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/tonight-novembers-pmi-stays-flat-el-salvadors-btc-push-doesnt-seem-too-cool-right-now\/","url_meta":{"origin":562702,"position":3},"title":"TONIGHT: November\u2019s PMI stays flat + El Salvador\u2019s BTC push doesn\u2019t seem too cool right now","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"Good morning, friends \u2014 and welcome to week #49 of 2021. We\u2019ve got fresh PMI figures, a refreshingly Omicron-free news flow, and mixed news for all of us who want an acceleration of financial inclusion. On one hand, fintech startups in emerging economies are flourishing and are starting to overtake\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":635400,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/what-were-tracking-this-week-82\/","url_meta":{"origin":562702,"position":4},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"4 December 2017","format":false,"excerpt":"Tomorrow is PMI day: The Emirates NBD \/ Markit purchasing managers\u2019 index for Egypt, the UAE and Saudi Arabia will be out on Tuesday morning at about 6:15am. Look for it here when it\u2019s released.","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543482,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/this-morning-match-day-interest-rate-day-pmi-day-all-rolled-into-one\/","url_meta":{"origin":562702,"position":5},"title":"THIS MORNING: Match day + interest rate day + PMI day, all rolled into one","author":"enterpriseam admin","date":"3 February 2022","format":false,"excerpt":"Well, friends, we\u2019ve once again made it through another workweek together, and our reward is another flood of news. THE BIG STORY THIS MORNING here at home? It\u2019s got to be IPOs, where Macro now looks set to pull the trigger next week and senior government officials continue to talk\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\/562702","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=562702"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562702\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562700"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562702"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562702"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}