{"id":563220,"date":"2021-06-23T03:46:07","date_gmt":"2021-06-23T03:46:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/this-morning-day-2-of-cib-world-tour-finals-next-gen-windows-coming-tomorrow-no-coke-for-mohamed\/"},"modified":"2021-06-23T03:46:07","modified_gmt":"2021-06-23T03:46:07","slug":"this-morning-day-2-of-cib-world-tour-finals-next-gen-windows-coming-tomorrow-no-coke-for-mohamed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/this-morning-day-2-of-cib-world-tour-finals-next-gen-windows-coming-tomorrow-no-coke-for-mohamed\/","title":{"rendered":"THIS MORNING: Day 2 of CIB World Tour Finals; Next-Gen Windows coming tomorrow; No Coke for Mohamed;"},"content":{"rendered":"<p><strong>Good morning, wonderful people <\/strong>and welcome to the next-to-last business day of the week. We have a very policy-focused issue for you this morning, as the tl;dr suggests, but don\u2019t despair if your inner Mr. Burns needs to be thrown a bone: We have a long look at the state of the real estate market in this morning\u2019s Hardhat, and the news is good for folks who are homeowners or mulling an investment in real estate.<\/p>\n<p><strong>Also of perennial interest to our readers: <\/strong>Egypt remains one of the most affordable cities in the world for expats, as you\u2019ll read in this morning\u2019s news well.<\/p>\n<p><strong>SIGN OF THE TIMES- Morgan Stanley will not let unvaccinated clients or staff into its <\/strong><strong>New York offices<\/strong> starting in mid-July, writes the Financial Times, which picked up a copy of an internal memo that says the \u201cvast majority\u201d of the bank\u2019s staff have been jabbed.<\/p>\n<p><strong>FROM THE DUMPSTER FIRE that is our Twitter feed:<\/strong><\/p>\n<ul>\n<li><strong>So Mohamed or Omar can\u2019t have a Coke in Amreeka? <\/strong>We\u2019re thinking Coca-Cola wasn\u2019t expecting this? But should have? Like, printing names on cans and making them available for purchase is one thing. You control the feedstock. But when you propose <a href=\"https:\/\/us.coca-cola.com\/store\/personalized-bottle\">letting people write whatever they want<\/a>, and then constrain them? <a href=\"https:\/\/twitter.com\/tha_rami\/status\/1407096843188703238\">Good luck<\/a>.<\/li>\n<li><strong> Why is Cuba\u2019s covid-19 vaccine named Abdala? <\/strong>Seriously. Also: It\u2019s allegedly <a href=\"https:\/\/twitter.com\/josefinavidalf\/status\/1407115868048400387?s=12\">92.28% effective<\/a>.<\/li>\n<\/ul>\n<p><strong>It\u2019s nearly mid-year, so how about you get serious about that \u201cNew Year\u2019s resolution\u201d you <\/strong><strong>made <\/strong>to get into shape and maybe improve your overall health? It may not help you look better in a swimsuit before you set foot on the beach in Sahel, but it could pay dividends by the end of the season. <strong>Not sure where to get started?<\/strong> We heartily recommend Tim Ferriss\u2019 <a href=\"https:\/\/tim.blog\/2021\/01\/19\/2021-reboot-letter-to-a-friend-who-wants-to-get-in-shape\/amp\/#click=https:\/\/t.co\/ekDCFLGQxU\">A simple 2021 reboot \u2014 My short letter to a friend who wants to get in shape<\/a>.<\/p>\n<p><strong>Sound smart: The literal \u201cmiddle of the year\u201d is\u2026 <\/strong>2 July when it\u2019s not a leap year. It\u2019s the first day of the second half of the year in mathematical, if not financial, terms. 182 days before it, and 182 days after.<\/p>\n<p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n<p><strong>It\u2019s day two of the <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/819341395358814\/?active_tab=about\">CIB PSA World Tour Finals 2020-2021<\/a><\/strong> at Mall of Arabia. <strong>Up today:<\/strong> In the men\u2019s draw, world no.1 Ali Farag plays fifth-seed Mohamed El Shorbagy and last year\u2019s victor Marwan El Shorbagy faces Mostafa Asal. In the women\u2019s, world no.1 Nour El Sherbini will play Salma Hany while Nouran Gohar plays France\u2019s Camille Serme. The tournament runs until 27 June. Tickets are currently on sale for the final two days on <a href=\"https:\/\/www.ticketsmarche.com\/cib-psa-world-tour-finals_se_1864.html\">TicketsMarche<\/a>.<\/p>\n<p><strong>HAPPENING THIS WEEK-<\/strong><\/p>\n<p><strong>Microsoft will release its \u201cnext generation\u201d of Windows tomorrow. <\/strong>You can expect Windows 11 to come with a new (similar to Windows 10X) and a new app store experience, writes <a href=\"https:\/\/www.theverge.com\/2021\/6\/21\/22543253\/microsoft-windows-11-event-date-time-what-to-expect-rumors\">the Verge<\/a>. The upgrade will likely be available without charge to folks who are on Windows 10 now, the site says.<\/p>\n<p><strong>The IMF\u2019s board will meet Friday to discuss a new USD 650 bn SDR allocation<\/strong>, which will allow it to provide more post-covid relief to emerging and low-income nations and support the global recovery from the pandemic, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-22\/imf-board-to-discuss-650-billion-reserves-creation-plan-friday?sref=mmeFTDW1\">Bloomberg<\/a> reported, quoting two unnamed sources familiar with the matter. Having already got backing from both <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af214fd5-5918-46c5-aed3-db02f1c55ef6\">the Biden administration<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1eb98a8a-7499-4e5e-96e4-8c953c8de7c0\">G7 nations<\/a>, the proposal to issue new special drawing rights (SDRs) will be reviewed by the 24-member board during a meeting at the weekend, and could be tabled for a final approval by all 190 IMF member countries if there are no objections or requests for changes. IMF chief Kristalina Georgieva expects procedures for the plan\u2019s approval to conclude in mid-August, according to the business information service.<\/p>\n<p><strong>What\u2019s happening with our final IMF tranche?<\/strong> Finance Minister Mohamed Maait suggested a few weeks ago that we could see the USD 1.6 bn tranche paid out <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a811e62-ba39-477a-b98d-9c3778a606ea\">at the end of this month<\/a>, but the IMF\u2019s executive board <a href=\"https:\/\/www.imf.org\/en\/About\/executive-board\/EBC-Scheduled\">doesn\u2019t appear to have plans<\/a> to discuss the disbursement before the beginning of July.<\/p>\n<p><strong>More GERD diplomacy?<\/strong> Intelligence chief Abbas Kamel will be in Washington this week for talks, according to an unconfirmed report out of Washington, DC.<\/p>\n<p><strong>*** CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of <strong>EnterprisePM:<\/strong><\/p>\n<ul>\n<li><strong>Your electricity bill is going up on 1 July: <\/strong>Residential electricity bills <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8524ce4-c8d0-4b1d-b450-a125c9879398\">are going up<\/a> by as much as 26% at the start of the new fiscal year as the government pushes ahead with its plan to gradually phase out electricity subsidies by 2025.<\/li>\n<li><strong>Slow vaccine rollout could dent our tourism recovery:<\/strong> A slow vaccine rollout means we could <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/effb07f4-20de-4abb-9be8-cb5c385292e5\">lose out<\/a> on a second summer tourist season, with travel restrictions from the likes of the US, UK, and EU likely to stay with us until the start of 2022, Capital Economics said in a research note.<\/li>\n<li><strong>KSA classifies Egypt as \u201cvery high risk\u201d: <\/strong>Saudi Arabia\u2019s Public Health Authority is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fbf8478b-dec9-4d47-bd03-5be1a609452a\">advising residents against<\/a> travelling to Egypt and 10 other Arab countries in the same classification due to covid-19.<\/li>\n<\/ul>\n<p><strong>MORNING MUST READS- <\/strong><\/p>\n<p><strong>Covid-19 is exacerbating wealth inequality across nations: <\/strong>Wealth inequality rose across the board in 2020, with ultra-low interest rates, a boom in the equity markets, and rising house prices making the rich even richer, according to Credit Suisse\u2019s <a href=\"https:\/\/www.credit-suisse.com\/about-us-news\/en\/articles\/news-and-expertise\/global-wealth-report-2021-effects-of-covid-on-household-wealth-in-2020-202106.html\">2021 Global Wealth Report<\/a> by Credit Suisse Group. The richest 1% in nations including the US, China and India saw their wealth share rise last year, with the world\u2019s 500 richest people adding USD 1.8 tn to their combined net worth, according to the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-22\/pandemic-response-sparked-widespread-wealth-inequality-rise?srnd=premium-middle-east\">Bloomberg Bn\u2019aires Index<\/a>.<\/p>\n<p><strong>And that\u2019s a trend that is set to continue on the corporate front, with US<\/strong> <strong>companies expected to still pay lower taxes than their foreign peers<\/strong> despite President Joe Biden\u2019s proposal to raise the corporate income tax, according to analysis by <a href=\"https:\/\/www.reuters.com\/world\/us\/even-after-biden-tax-hike-us-firms-would-pay-less-than-foreign-rivals-2021-06-22\/\">Reuters<\/a>. US companies paid an average tax rate of 16% last year, compared to an average of 24% paid by 200 overseas competitors. If Biden\u2019s planned 28% rate was imposed on the US firms\u2019 same earnings, they would have paid effective rates averaging 21% \u2014 below the average rate imposed on their rivals, the analysis showed. US corporations may still end up paying less than competitors, given that the Reuters estimates did not consider tax breaks, and given that Biden's new tax plan would also charge foreign companies with US operations higher income tax.<\/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>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The Clean Energy Business Council (CEBC) MENA are holding a webinar titled <\/strong><strong><a href=\"https:\/\/register.gotowebinar.com\/register\/6716521125423287567\">Energy<\/a><\/strong><strong><a href=\"https:\/\/register.gotowebinar.com\/register\/6716521125423287567\">Efficiency in the MENA region: Status and Outlook<\/a><\/strong> on 6 July at 3:30pm. The session will focus on energy efficiency developments and provide recommendations for businesses and policymakers. Later on next month, CEBC will also host the webinar <a href=\"https:\/\/www.eventbrite.ca\/e\/joint-event-wire-clean-energy-business-council-mena-tickets-157709897549\">Women Entrepreneurs in Clean Energy<\/a> on 21 July at 3pm in cooperation with the initiative, Women in Clean Energy MENA and WiRE.<\/p>\n<p><strong>The British Egyptian Business Association (BEBA) is organizing a virtual education week <\/strong><strong>from 5-6 July<\/strong> with three seminars planned. The first, taking place at 10am on 5 July, will discuss <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_6h0ENWL5Rg61kAViRsbi7Q\">skills-based learning<\/a> while the <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_JL59Z3vIQ8Se-s8THnt3IQ\">future of investment in education<\/a> will be the topic on the table at 12:30pm the same day. On 6 July, a talk on the <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_EOlyoDeQQryADcYSJ3-_5Q\">digitalization of education in Egypt<\/a> will be held at 12pm.<\/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<p class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development as well as social infrastructure such as health and education.<\/p>\n<p><strong>In today\u2019s issue: <\/strong>Between office, residential and retail spaces, Egypt\u2019s real estate market has been hit hard by covid. But almost a year has since passed, and plenty appears to have happened to turn the market around, with the real estate outlook for 2025 looking quite rosy. We took a deep-dive into Savills\u2019 report on the real estate sector in Egypt to know what to expect in the coming four years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people and welcome to the next-to-last business day of the week. We have a very policy-focused issue for you this morning, as the tl;dr suggests, but don\u2019t despair if your inner Mr. Burns needs to be thrown a bone: We have a long look at the state of the real estate market [&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":[104,72,1253,272,498,3796,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563220","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-economy","tag-enterpriseam","tag-g7","tag-imf","tag-joe-biden","tag-sdrs","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"010f1b5d-8336-4be4-bb1e-0689f68c7ba5","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[563218],"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: Day 2 of CIB World Tour Finals; Next-Gen Windows coming tomorrow; No Coke for Mohamed; - 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\/23\/this-morning-day-2-of-cib-world-tour-finals-next-gen-windows-coming-tomorrow-no-coke-for-mohamed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Day 2 of CIB World Tour Finals; Next-Gen Windows coming tomorrow; No Coke for Mohamed;\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people and welcome to the next-to-last business day of the week. 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