{"id":562973,"date":"2021-06-14T04:00:27","date_gmt":"2021-06-14T04:00:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/this-morning-netanyahu-no-more-g7-wraps\/"},"modified":"2021-06-14T04:00:27","modified_gmt":"2021-06-14T04:00:27","slug":"this-morning-netanyahu-no-more-g7-wraps","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/this-morning-netanyahu-no-more-g7-wraps\/","title":{"rendered":"THIS MORNING: Netanyahu no more; G7 wraps."},"content":{"rendered":"<p><strong>Good morning, wonderful people, and welcome to the Good News Edition of <\/strong><strong>Enterprise. <\/strong>From investment and the nation\u2019s IPO pipeline to our deepening partnership with France, it\u2019s bright blue skies for nearly as far as the eye can see this morning here at home. We have the full rundown in this morning\u2019s news well, below. Meanwhile:<\/p>\n<p><strong>***CATCH UP QUICK<\/strong> on the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>France wants to be among our top trading partners, French Finance Minister Bruno Le Maire told us in an <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da434836-d753-4823-810c-605fb1278bfe\">exclusive sitdown<\/a><\/strong> as Cairo and Paris yesterday signed almost EUR 4 bn in bilateral agreements and contracts covering transport, social security and development.<\/li>\n<li><strong>Could we see a USD 3-4 bn green hydrogen initiative soon? <\/strong>Studies for one of several planned green hydrogen plants are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe7a15bc-d122-4bdd-9aab-2af8f4f37393\">expected to be finalized<\/a> and presented to the Sovereign Fund of Egypt and other state bodies including the oil and environment ministries as early as next week.<\/li>\n<li><strong>Tobacco monopoly Eastern Company isn\u2019t selling securitized bonds:<\/strong> CEO Hany Aman told us that issuing securitized bonds isn't in the company\u2019s plans, denying a report by Al Shorouk we noted in yesterday\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2021\/06\/13\/eastern-mulls-securitized-bond-sale-to-fund-expansion-plans-43425\/\">EnterpriseAM<\/a>.<\/li>\n<\/ul>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>THE BIG STORY ABROAD #1- Netanyahu is outta here:<\/strong> The Israeli parliament narrowly gave its blessing to a new coalition government last night, finally unseating Prime Minister Benjamin Netanyahu after 12 years in office. The vote brings to power a fragile group of disparate political parties \u2014 including the far right, Islamists and liberals \u2014 and brings to an end two years of paralysis that produced four indecisive elections.<\/p>\n<p><strong>So, who is the new man in charge?<\/strong> <a href=\"https:\/\/www.wsj.com\/articles\/israel-netanyahu-bennett-lapid-11622624494?mod=searchresults_pos1&page=1\">The Wall Street Journal<\/a> has the rundown on far-right darling Naftali Bennett, who will serve as Israel\u2019s prime minister for the next two years (if the coalition lasts that long\u2026) before making way for liberal leader and coalition partner Yair Lapid.<\/p>\n<p><strong>The story is everywhere in the global press this morning<\/strong> from <a href=\"https:\/\/www.reuters.com\/article\/us-israel-politics\/new-israeli-government-wins-majority-vote-ending-netanyahu-tenure-idUSKCN2DP01I\">Reuters<\/a> and <a href=\"https:\/\/apnews.com\/article\/israel-knesset-benjamin-netanyahu-naftalia-bennett-deea22832a1cb2d95736f342958083fd\">the AP<\/a> to <a href=\"https:\/\/www.nytimes.com\/live\/2021\/06\/13\/world\/israel-knesset-bennett-lapid-netanyahu\/\">the New York Times<\/a> and <a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/netanyahu-out-israel-prime-minister\/2021\/06\/13\/eaac2738-c9e8-11eb-8708-64991f2acf28_story.html\">the Washington Post<\/a>.<\/p>\n<p><strong>THE BIG STORY ABROAD <\/strong><strong>#2<\/strong><strong>- The G7 wraps:<\/strong> The final day of the G7 Summit finished in Cornwall, the UK, yesterday. Here are the highlights from <a href=\"https:\/\/ent.news\/2021\/6\/carbis-bay-g7-summit-communique.pdf\">the final communique (pdf)<\/a>:<\/p>\n<ul>\n<li><strong>Tax:<\/strong> Leaders reiterated their commitment to last month\u2019s global tax pact and pledged to negotiate a solid agreement that will introduce a minimum 15% global corporate tax rate.<\/li>\n<li><strong>Climate: <\/strong>Nations agreed to commit to \u201ca set of concrete actions\u201d to end state financing for unabated coal power by year-end and to \u201cmostly decarbonize\u201d electricity supplies in the 2030s.<\/li>\n<li><strong>Covid vaccines:<\/strong> G7 countries will pay for 1 bn covid vaccines and share at least 870 mn more, half of which will be delivered by the end of the year.<\/li>\n<li><strong>China:<\/strong> Leaders denounced China over human rights abuses in Xinjiang and called for a new investigation into the origins of covid-19, but held back from harshly criticizing its trade policies.<\/li>\n<\/ul>\n<p><strong>Not everyone\u2019s happy:<\/strong> \u201cThis G-7 summit will live on in infamy,\u201d <a href=\"https:\/\/apnews.com\/article\/g-7-summit-biden-johnson-china-climate-change-31ae76e45f40ac3636c9e819ad899654\">the Associated Press<\/a> quotes Max Lawson, the head of inequality policy at the international aid group Oxfam, as saying. \u201cFaced with the biggest health emergency in a century and a climate catastrophe that is destroying our planet, they have completely failed to meet the challenges of our times.\u201d<\/p>\n<p><strong>The global press is mainly focusing on divisions<\/strong> in the group about how to respond to China: <a href=\"https:\/\/www.reuters.com\/world\/china\/china-cautions-g7-small-groups-dont-rule-world-2021-06-13\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-13\/biden-gets-g-7-reset-after-win-on-vaccines-tension-over-china?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.ft.com\/content\/501551f1-5624-469c-bcf3-c31544de0e1e\">FT<\/a>.<\/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>HAPPENING TODAY- <\/strong><\/p>\n<p><strong>Fintech bill to get committee approval today? <\/strong>The House\u2019s CIT Committee yesterday greenlit yesterday five articles of the draft fintech bill and will continue discussing the remaining articles in a session today, according to <a href=\"https:\/\/bit.ly\/3wpoyGA\">Al Mal<\/a>. The 30-article bill, which got the Committee\u2019s preliminary nod <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30d15bee-ceda-4044-aefc-8e2c73d6ef1c\">last month<\/a>, would regulate the use of technology to deliver non-banking financial services and grant the Financial Regulatory Authority (FRA) the power to license and regulate fintech businesses. The FRA had drafted and approved the bill <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0d59b8d8-cfa8-4d41-8c9e-af80e1620e1e\">last year<\/a>, before earning the Cabinet\u2019s sign-off <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4da67185-faac-4351-a33d-5c9fc7718ddd\">in April<\/a>.<\/p>\n<p><strong>Saudi Commerce Minister Majid Al Qasabi is in town<\/strong> for trade talks with Prime Minister Moustafa Madbouly and to attend a meeting of the Egyptian-Saudi Joint Business Council, the Trade Ministry said in <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/155726709931091\">a statement<\/a>.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/csrarabia.com\/\">Green Economy Forum<\/a><\/strong> takes place today at the Intercontinental Citystars in Heliopolis.<\/p>\n<p>On the agenda: sustainable finance, waste management and supply chain risk. Look for participants to include speakers from multilateral lenders and global institutions, local and multinational businesses and investors, and Egyptian government officials. Check out the full event brochure <a href=\"https:\/\/ent.news\/2021\/5\/3rd-Forum-on-Strategies-For-Transition-To-Green-Economy-AR.pdf\">here (pdf)<\/a>.<\/p>\n<p><strong>The first forum of the heads of African investment promotion agencies wraps up in <\/strong><strong>Sharm El Sheikh today.<\/strong> Ministers, heads of investment agencies from 34 African countries and representatives of major financial institutions <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/151259670377795\">are in attendance<\/a>.<\/p>\n<p><strong>HAPPENING THIS WEEK-<\/strong><\/p>\n<p><strong>The Arab League will meet in Doha tomorrow for \u201cemergency\u201d GERD talks<\/strong> at the request of Egypt and Sudan. Foreign Minister Sameh Shoukry headed to the Qatari capital yesterday evening ahead of the meeting, carrying a letter from President Abdel Fattah El Sisi to Qatari Emir Tamim bin Hamad Al Thani on the latest \u201cpositive\u201d developments in Egyptian-Qatari relations since the Al Ula declaration was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/385f8cb8-4b97-4f11-b5dc-3e1263b91ad9\">signed earlier this year<\/a>.<\/p>\n<p><strong>The Central Bank of Egypt will meet on Thursday, 17 June to review rates. <\/strong>All 11 analysts and economists <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f456c5c-ed19-4468-bccf-817c0fa49938\">surveyed in our poll<\/a> are calling another hold as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a19da710-1330-415c-8993-290f63133dcb\">inflation hit its highest level<\/a> all year in May as the global commodities boom began to hit the domestic economy.<\/p>\n<p class='web-image'><img data-recalc-dims=\"1\" 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 in the place of our traditional industry news roundups.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> Egypt is working hard to boost its science, technology, engineering and mathematics (STEM) education, an area where women are <a href=\"https:\/\/www.un.org\/en\/observances\/women-and-girls-in-science-day\">globally underrepresented<\/a>. We\u2019re doing better than average when it comes to women studying STEM, with almost equal numbers of male-female STEM university graduates. But this isn\u2019t reflected in the workplace, where men far outnumber women in STEM careers. The discrepancy has nothing to do with academic ability, and everything to do with workplace inaccessibility and gender bias, the data shows. To change it, we need better policy implementation, funding and more flexible working conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people, and welcome to the Good News Edition of Enterprise. From investment and the nation\u2019s IPO pipeline to our deepening partnership with France, it\u2019s bright blue skies for nearly as far as the eye can see this morning here at home. We have the full rundown in this morning\u2019s news well, below. [&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":[1610,147,168,72,1253,410,746,127,301,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562973","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-arab-league","tag-climate-change","tag-diplomacy","tag-enterpriseam","tag-g7","tag-gerd","tag-international-energy-agency","tag-politics","tag-sameh-shoukry","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"4985e75f-c286-4b65-b646-5a4aa5766f03","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[562971],"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: Netanyahu no more; G7 wraps. - 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\/14\/this-morning-netanyahu-no-more-g7-wraps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Netanyahu no more; G7 wraps.\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people, and welcome to the Good News Edition of Enterprise. 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This morning\u2019s top story is the very welcome news that the first doses of our Made-in-Egypt Sinovac jabs will roll off assembly lines in a little more than a week\u2019s time \u2014 substantially ahead of schedule.It\u2019s a quiet\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":562902,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/10\/this-morning-inflation-figures-should-land-today-g7-kicks-off-tomorrow-btc-is-now-legal-tender-in-el-salvador\/","url_meta":{"origin":562973,"position":1},"title":"THIS MORNING: Inflation figures should land today; G7 kicks off tomorrow; BTC is now legal tender in El Salvador.","author":"enterpriseam admin","date":"10 June 2021","format":false,"excerpt":"Good morning ladies and gents \u2014 and that\u2019s almost a wrap on another busy week of news in Om El Donia.But before we kick back for the weekend, we have the small matter of May\u2019s inflation figures, which should be out this morning. The release, coming just a week before\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":558723,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/this-morning-pfizer-gets-ok-from-fda-g7-talk-afghanistan-today\/","url_meta":{"origin":562973,"position":2},"title":"THIS MORNING: Pfizer gets OK from FDA + G7 talk Afghanistan today","author":"enterpriseam admin","date":"24 August 2021","format":false,"excerpt":"Welcome to hump day, wonderful people. There\u2019s no single story dominating the news agenda as the nation remains firmly set in \u201cvacation mode\u201d heading into the second-to-last weekend of summer.And frankly, we\u2019re still digesting the fact that the delta variant is now in Egypt. And the notion (it\u2019s smart policy)\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":562941,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/this-morning-mpc-meets-this-week-latest-from-the-g7-hajj-is-a-no-go-for-the-second-year-running-and-zero-g-with-jeff\/","url_meta":{"origin":562973,"position":3},"title":"THIS MORNING: MPC meets this week; Latest from the G7; Hajj is a no-go for the second year running; and Zero-G with Jeff.","author":"enterpriseam admin","date":"13 June 2021","format":false,"excerpt":"Good morning friends, and happy Sunday to you all. We have just three weeks left until the \u201ctrue\u201d kickoff of Sahel season. We\u2019re looking forward to some sun, sand and salt water as much as all of you are, but \u2026 wow, do we have a lot to get done\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":562822,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/08\/this-morning-final-vote-on-the-sovereign-sukuk-bill-today-plus-the-long-road-to-a-global-tax-agreement-bezos-is-going-to-space\/","url_meta":{"origin":562973,"position":4},"title":"THIS MORNING: Final vote on the sovereign sukuk bill today? Plus: The long road to a global tax agreement, Bezos is going to space.","author":"enterpriseam admin","date":"8 June 2021","format":false,"excerpt":"Good morning, everyone, and welcome to another brisk news morning. What appears to be a continued strong rollout of our vaccination program leads today. If you\u2019re thinking long-term, suggest having a good read through our Going Green interview with French Ambassador St\u00e9phane Romatet as well as the piece on Russia\u2019s\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":547552,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/this-morning-back-to-the-grain-state-privatization-plans-tick-on\/","url_meta":{"origin":562973,"position":5},"title":"THIS MORNING: Back to the grain + State privatization plans tick on","author":"enterpriseam admin","date":"27 June 2022","format":false,"excerpt":"We have three working days left to the long weekend, ladies and gentlemen. And yes, we\u2019re counting every day. On that note\u2026Bank holiday confirmed: The Central Bank of Egypt (CBE) has confirmed that it will be off this coming Thursday in observance of the 30 June Revolution. 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