{"id":563512,"date":"2021-07-06T04:00:31","date_gmt":"2021-07-06T04:00:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/06\/this-morning-its-pmi-day-egypt-on-moroccos-travel-list-b-from-tomorrow\/"},"modified":"2021-07-06T04:00:31","modified_gmt":"2021-07-06T04:00:31","slug":"this-morning-its-pmi-day-egypt-on-moroccos-travel-list-b-from-tomorrow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/06\/this-morning-its-pmi-day-egypt-on-moroccos-travel-list-b-from-tomorrow\/","title":{"rendered":"THIS MORNING: It\u2019s PMI day; Egypt on Morocco\u2019s travel list B from tomorrow;"},"content":{"rendered":"

Good morning, dear readers \u2014 and a very happy hump day from all of us at Enterprise HQ.<\/strong> 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 the Oxford \/ AstraZeneca vaccine, the Irrigation Ministry has claimed Ethiopia has started filling the GERD just two days before the UN Security Council meets to discuss the dispute, and a spat between the UAE and Saudi Arabia may be about to throw OPEC+ into crisis. All this and more in the news well, below.<\/p>\n

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It\u2019s PMI day: <\/strong>Egypt\u2019s purchasing managers\u2019 index<\/a> for June will land shortly after dispatch at 6.15am this morning. We\u2019ll be out with our usual coverage of the release in this afternoon\u2019s PM edition, but if you\u2019re super eager you\u2019ll be able to find the release here<\/a> later this morning.<\/p>\n

Activity in Egypt\u2019s non-oil private sector has been in contraction for a solid six months<\/strong>, after the index registered 48.6 in May<\/a>, a slight improvement from 47.7 the month before but remaining below the 50.0 mark that separates expansion from contraction.<\/p>\n

Fears of mounting inflation were on the minds of businesses surveyed last time around<\/strong>, and will likely continue being a major theme in today\u2019s release \u2014 especially with new readings from the Eurozone<\/a>, the UK<\/a>, and Saudi Arabia<\/a> all pointing to elevated cost pressures weighing on firms\u2019 operating expenses. IHS Markit, which conducts the PMI survey, warned in April<\/a> that a gauge measuring global prices has hit its highest level in a decade due to a combination of post-lockdown pent-up demand and supply constraints.<\/p>\n

ALSO HAPPENING THIS WEEK-<\/strong><\/p>\n

The British Egyptian Business Association\u2019s (BEBA) virtual education week concludes <\/strong>today<\/strong>, with the third and final seminar on the digitalization of education in Egypt, which will be held at 12pm.<\/p>\n

Egypt has been added to Morocco\u2019s travel list B, imposing stricter regulations on <\/strong>visitors starting tomorrow<\/strong>, according to the Moroccan Press Agency<\/a>. Russia and Tunisia were also added to the list. Travellers from the three countries who aren\u2019t fully vaccinated will be required to provide a negative PCR test dating less than 48 hours, as well as quarantine for 10 days in a government-designated hotel. List B includes countries either experiencing a spread of new covid-19 variants or are believed to have not disclosed definitive statistics on their epidemiological situation.<\/p>\n

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