{"id":563545,"date":"2021-07-07T04:00:06","date_gmt":"2021-07-07T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/"},"modified":"2021-07-07T04:00:06","modified_gmt":"2021-07-07T04:00:06","slug":"this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/","title":{"rendered":"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting."},"content":{"rendered":"<p><strong>Good morning, friends \u2014 <\/strong>We have another politics-heavy issue for you this morning, and it\u2019s likely to stay that way until the end of the week, with the UN GERD vote possibly happening tomorrow, the OPEC+ fail continuing to roil oil markets, and today\u2019s big send off for our 400 meter-long friend in the Suez Canal. Speaking of which...<\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a><strong> Today is the day we say sayonara to the Ever Given.<\/strong> The mega container vessel that managed to get itself stuck in the Suez Canal for six days in March will finally be allowed to leave Egypt today after its owner came to an agreement with Suez Canal Authority this week. A signing ceremony for the settlement will take place in Ismailia later today, after which the Ever Given will up-anchor and leave the Bitter Lake, where it has been detained for almost three months.<\/p>\n<p><strong>The final hurdle was cleared yesterday when the Ismailia Economic Court <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/83b3f444-21ac-4ccf-a22b-992c014a2381\">allowed the<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/83b3f444-21ac-4ccf-a22b-992c014a2381\">ship\u2019s release<\/a><\/strong>, lifting a court order allowing the SCA to confiscate the vessel. This came a few days after the ship\u2019s owner Shoei Kisen reportedly agreed to pay USD 540 mn to the authority (though we still don\u2019t know the precise terms of the agreement). The story is receiving coverage in the <a href=\"https:\/\/apnews.com\/article\/africa-middle-east-egypt-suez-canal-europe-c12a1189073049e7d769eff6c80c86a7\">Associated Press<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-suezcanal-ship\/ever-givens-suez-canal-detention-order-lifted-says-lawyer-idUSKCN2EC15C\">Reuters<\/a>.<\/p>\n<p><strong>THE BIG STORY ABROAD- There\u2019s no single story dominating the front pages of the <\/strong><strong>foreign press this morning:<\/strong><\/p>\n<ul>\n<li><strong>Microsoft kicked off Pentagon contract:<\/strong> The Biden administration has cancelled Trump\u2019s so-called \u201cJedi\u201d contract that would have seen Microsoft provide cloud services to the Pentagon, and will likely choose Amazon instead. This has reportedly sent Jeff Bezos\u2019 personal fortune soaring to a record <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-06\/jeff-bezos-hits-wealth-record-of-211-billion-on-pentagon-deal?srnd=premium-middle-east&sref=mmeFTDW1\">USD 211 bn<\/a>. (<a href=\"https:\/\/www.reuters.com\/technology\/pentagon-scraps-jedi-award-microsoft-will-rebid-2021-07-06\/\">Reuters<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/pentagon-plans-reboot-of-jedi-cloud-contract-11625589039?mod=hp_lead_pos2\">WSJ<\/a> | <a href=\"https:\/\/www.ft.com\/content\/7ac0e691-665f-4328-8b29-ee4883068e80\">FT<\/a>)<\/li>\n<li><strong>\u201cBad, bad, really bad news for the emerging markets\u201d:<\/strong> A stand-out quote from this <a href=\"https:\/\/www.washingtonpost.com\/us-policy\/2021\/07\/06\/emerging-market-debt-g20\/\">Washington Post<\/a> article which asks what will happen in the developing world when the Federal Reserve raises interest rates.<\/li>\n<li><strong>The Big Apple may have a new mayor:<\/strong> Democratic candidate Eric Adams is poised to become New York\u2019s new mayor. (<a href=\"https:\/\/www.reuters.com\/world\/us\/new-results-expected-new-york-citys-democratic-mayoral-race-2021-07-06\/\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/ap-top-news-nyc-state-wire-ny-state-wire-eric-adams-brooklyn-9c564828a29831747f9c2e6f52daf55e\">AP<\/a> | <a href=\"https:\/\/www.nytimes.com\/2021\/07\/06\/nyregion\/eric-adams-wins.html\">NYT<\/a>)<\/li>\n<\/ul>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>THE BIG STORY TOMORROW- The UN Security Council will hold its long-awaited meeting <\/strong><strong>tomorrow to discuss the Grand Ethiopian Renaissance Dam (GERD).<\/strong> Foreign Minister Sameh Shoukry has been in New York this week in diplomatic meetings with Security Council member states, yesterday <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/121350376841484?__cft__[0]=AZUoQN1RqEH0qwKldl2XjkHDqVObbQknnWrLuDt_lTJb4_hQT0b79l289DvtbncuFN0pSRFtM9H-droUfFCt0Hc1l6QfFCeLvYz0ubOfS5vCxMl4GlTARR7rE6gpxccz5KMeHqMZUXyST39KK_QFmfOn&__tn__=%2CO%2CP-R\">holding talks<\/a> with the five permanent members of the council (<a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/121327930177062?__cft__[0]=AZVdLg6R3IC6ETMk_535PaOWv63y3HybdKUOA9IB_3qvFlugdzFRI3QvcHmsGwy7EqEoL_v1rV45ZdCEmXWgIO14XmKiqIEAbUIMaT2H6V2M6qqLkYvGi2NesH8lJQxCdK_PVAEHxW5z97EBNdAVC8cB&__tn__=%2CO%2CP-R\">US<\/a>, <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/121207516855770?__cft__[0]=AZW7xuTWcRCseS_vFLsx1WrzzC5JoZzvbUh118pvS6DLvhYI-3ZfxpN8Oob7yr-Em3RMV6PTUyl2fGh5cBqBY6b1UdyKZ8UR_Pjfmih2vjF6N9545HlfNNvT0y_DiLO9II1DWS4yW32kIC9zqJi-aNZN&__tn__=%2CO%2CP-R\">China, Russia<\/a>, <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/121264906850031?__cft__[0]=AZXaC9cb11eeXvM4pQdJfH7Ju78gqhhglVwgYwEHoAVx4HtnB5gSEJ5t0UEqcrteX6YyiplII1eYhD2oi0zhrNHMwfwbK5eSJiIghIgSMAqqqMFatlB6ZUhdvtJazRaoEAPnopQdtOD-lkg4xskEkKxxWCa5eqitsxMBOQ5en3DbAw&__tn__=%2CO%2CP-R\">UK<\/a> and <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/121260743517114?__cft__[0]=AZXokekCVaMaw7EulgtbJ-SmWfbhFfDqfJjudchDqQw5sijaFsL42DHJjGkiZ7Ze4StO5JQPS8ZTQkKXdaQDyDV_KySkQl0XQQC9tJC9_IogTdzrZSkB47b5rOkeRYHVqO4srkqI8s3o1A9_GstZMyd3&__tn__=%2CO%2CP-R\">France<\/a>) ahead of tomorrow\u2019s meeting.<\/p>\n<p><strong>We have more details on what is happening with the draft resolution in this morning\u2019s talk shows section<\/strong>, below,<\/p>\n<p><strong>Meanwhile, the dam is being filled:<\/strong> Egypt\u2019s Irrigation Ministry said on Monday that Ethiopia had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/719598fd-7d43-4ae7-90f0-2879fcd55ebf\">resumed filling the reservoir of the dam<\/a> for the second time. Ethiopia is yet to comment on the ministry\u2019s statement.<\/p>\n<p><strong>UN, US call for calm:<\/strong> The UN and US yesterday urged Egypt, Sudan and Ethiopia to avoid taking any unilateral action and called on them to return to the negotiating table, <a href=\"https:\/\/www.reuters.com\/world\/africa\/un-urges-ethiopia-egypt-sudan-recommit-dam-talks-2021-07-06\/\">Reuters<\/a> reports. UN Secretary-General Antonio Guterres reiterated support for the current African Union-mediated process, with his spokesperson calling on the countries to \u201crecommit themselves to engage in good faith in a genuine process.\u201d<\/p>\n<p><strong>Ethiopia has sent its own letter to the council<\/strong>, objecting to the \u201cmeddling\u201d of the Arab League in the issue, according to the <a href=\"https:\/\/twitter.com\/mfaethiopia\/status\/1412347127045492737\/photo\/1\">Ethiopian Foreign Ministry<\/a>. The statement is referring to the emergency meeting last month in which the league called on the UN Security Council to intervene in the dispute.<\/p>\n<p><strong>And Saudi Arabia has reiterated its support for Egypt and Sudan<\/strong>, calling on the international community in <a href=\"https:\/\/www.spa.gov.sa\/viewstory.php?lang=ar&newsid=2251941\">a statement<\/a> yesterday to \u201cintensify efforts\u201d to find a solution to the dispute.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>EGX UPDATE- <\/strong><strong>Blame the sell-off on the GERD: <\/strong>The 1.9% slump on the EGX 30 yesterday was the market reacting to the rising GERD tensions, Pharos Holding\u2019s Radwa El Swaify told us yesterday. Rania Yacoub, chair of the board of directors of Three Way Brokerage, told <a href=\"https:\/\/www.reuters.com\/article\/idUSL5N2OI4LU\">Reuters<\/a> the same, saying that \u201cthere are no other reasons for the decline.\u201d<\/p>\n<p><strong>Every stock listed on the benchmark index except for Egypt Kuwait Holding finished in<\/strong> <strong>the red yesterday<\/strong>, with Ezz Steel (-5.0%), Pioneers Holding (-4.5%) and Heliopolis Housing (-4.0%) the biggest losers.<\/p>\n<p><strong>*** CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d280cef-6284-40c5-853b-a30bfae11f73\">New caps on cement sales<\/a><\/strong><strong> could come into effect next week<\/strong>, finally bringing some relief to the ailing industry which has struggled to pull itself out of a years-long slump caused by rampant oversupply.<\/li>\n<li><strong>Activity in Egypt\u2019s non-oil private sector <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c80a0112-155b-4db6-98ae-2fdddaed500e\">was close to growth in June<\/a><\/strong>, as growth in output and new orders strengthened the PMI gauge to 49.9 \u2014 just 0.1 points beneath the 50.0 mark that separates growth from contraction.<\/li>\n<li><strong>The <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/83b3f444-21ac-4ccf-a22b-992c014a2381\">EGX 30 closed nearly 2% in the red<\/a><\/strong><strong> yesterday<\/strong>, with both foreign and local investors emerging as net sellers.<\/li>\n<\/ul>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-09\" class=\"content-anchor\"><\/a> <strong>MARKET WATCH- Oil prices are whipsawing as the market tries to second-guess the fate of the teetering OPEC+ alliance.<\/strong> Brent briefly surged to a six-year high before closing almost 3% in the red today as the failure of OPEC+ to raise supply sharply increased market volatility. A rare, and as-yet unresolved public dispute between Saudi Arabia and the UAE over production quotas has the world wondering whether the alliance will be able to agree to raise supply.<\/p>\n<p><strong>The immediate risk:<\/strong> Rising prices and higher global inflation. A OPEC+ pact is needed to temper price which have surged in recent weeks as supply fails to meet surging demand.<\/p>\n<p><strong>And in the medium-term:<\/strong> Discord in OPEC+ could result in a new price war, with countries producing however much they want, and sending prices plummeting. As one analyst said; \u201cIf you have 23 oil-producing countries that are party to an agreement, and that agreement isn\u2019t extended, and the price of crude is in the mid- USD 70s, that\u2019s an engraved invitation to overproduce.\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-05\/opec-in-crisis-as-specter-of-destructive-infighting-looms-again?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> and <a href=\"https:\/\/www.cnbc.com\/2021\/07\/06\/opec-discord-could-unleash-a-new-level-of-volatility-in-oil-market.html\">CNBC<\/a> have more.<\/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>Three Egyptian asset managers have made <\/strong><strong><a href=\"https:\/\/www.forbesmiddleeast.com\/lists\/the-middle-easts-30-biggest-asset-managers\/\">Forbes\u2019 ME 30 Biggest Asset Managers 2021<\/a><\/strong><strong><a href=\"https:\/\/www.forbesmiddleeast.com\/lists\/the-middle-easts-30-biggest-asset-managers\/\">list<\/a><\/strong><strong>.<\/strong> <a href=\"https:\/\/www.forbesmiddleeast.com\/lists\/the-middle-easts-30-biggest-asset-managers\/efg-hermes-holding\/\">EFG Hermes<\/a> was the highest-ranked Egyptian firm, coming in at #17 with USD 3.5 bn in assets under management (AUM). <a href=\"https:\/\/www.forbesmiddleeast.com\/lists\/the-middle-easts-30-biggest-asset-managers\/misr-capital\/\">Misr Capital<\/a> placed at #22 with USD 2 bn and <a href=\"https:\/\/www.forbesmiddleeast.com\/lists\/the-middle-easts-30-biggest-asset-managers\/al-ahly-financial-investments-management-afim\/\">Al Ahly Financial Investments Management<\/a> was ranked #28 with USD 1.4 bn AUM.<\/p>\n<p><strong>Saudi Arabia dominated the list with 16 entries<\/strong>, with NCB Capital coming at the top with USD 50 bn AUM, followed by the UAE with five companies and Bahrain with three.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Among the handful of dates to keep an eye on:<\/strong><\/p>\n<ul>\n<li><strong>Fuel pricing:<\/strong> We should hear by Saturday whether the government will raise, hold or cut fuel prices for the coming quarter.<\/li>\n<li><strong>Inflation:<\/strong> Data for June will be released next week.<\/li>\n<\/ul>\n<p><strong>The EGX will <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/7\/EGX-board-elections.jpg\">hold its board elections for the 2021-2025 term<\/a><\/strong><strong> on Wednesday, 14 July.<\/strong> <a href=\"https:\/\/ent.news\/2021\/7\/EGX-board-elections-2021.jpg\">Here\u2019s a rundown<\/a> of the candidates vying to fill board positions.<\/p>\n<p><strong>The Cairo International Book Fair is ongoing at Egypt International Exhibition Center <\/strong><strong>today.<\/strong> The event will run through to 15 July.<\/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, friends \u2014 We have another politics-heavy issue for you this morning, and it\u2019s likely to stay that way until the end of the week, with the UN GERD vote possibly happening tomorrow, the OPEC+ fail continuing to roil oil markets, and today\u2019s big send off for our 400 meter-long friend in the Suez [&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":[168,104,68,93,72,164,382,134,410,131,128,185,127,343,7103,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563545","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-diplomacy","tag-economy","tag-egx","tag-energy","tag-enterpriseam","tag-equities","tag-ethiopia","tag-ever-given","tag-gerd","tag-manufacturing","tag-opec","tag-pmi","tag-politics","tag-regulation","tag-suez-canal","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c9005a74-e1c7-4895-9b2f-7ca7ec1f5cd6","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[563543],"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: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting. - 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\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting.\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends \u2014 We have another politics-heavy issue for you this morning, and it\u2019s likely to stay that way until the end of the week, with the UN GERD vote possibly happening tomorrow, the OPEC+ fail continuing to roil oil markets, and today\u2019s big send off for our 400 meter-long friend in the Suez [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T04:00:06+00:00\" \/>\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\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting.\",\"datePublished\":\"2021-07-07T04:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/\"},\"wordCount\":1198,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"DIPLOMACY\",\"economy\",\"EGX\",\"energy\",\"EnterpriseAM\",\"equities\",\"Ethiopia\",\"Ever Given\",\"GERD\",\"Manufacturing\",\"OPEC\",\"PMI\",\"politics\",\"regulation\",\"Suez Canal\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/\",\"name\":\"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting. - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-07-07T04:00:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting. - 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\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/","og_locale":"en_US","og_type":"article","og_title":"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting.","og_description":"Good morning, friends \u2014 We have another politics-heavy issue for you this morning, and it\u2019s likely to stay that way until the end of the week, with the UN GERD vote possibly happening tomorrow, the OPEC+ fail continuing to roil oil markets, and today\u2019s big send off for our 400 meter-long friend in the Suez [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-07-07T04:00:06+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting.","datePublished":"2021-07-07T04:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/"},"wordCount":1198,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["DIPLOMACY","economy","EGX","energy","EnterpriseAM","equities","Ethiopia","Ever Given","GERD","Manufacturing","OPEC","PMI","politics","regulation","Suez Canal","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/","name":"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting. - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-07-07T04:00:06+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/this-morning-sayonara-ever-given-gerd-meeting-tomorrow-egx-hit-by-gerd-oil-tanks-following-opec-meeting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS MORNING: Sayonara Ever Given; GERD meeting tomorrow; EGX hit by GERD? Oil tanks following OPEC+ meeting."}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":563473,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/this-morning-big-opec-meeting-today-shoukry-in-ny-ahead-of-gerd-meeting-china-dunks-on-didi\/","url_meta":{"origin":563545,"position":0},"title":"THIS MORNING: Big OPEC+ meeting today; Shoukry in NY ahead of GERD meeting; China dunks on Didi.","author":"enterpriseam admin","date":"5 July 2021","format":false,"excerpt":"Good morning, friends \u2014 We open today\u2019s issue with good news: Wednesday is looking like the last time we will have to utter the words \u2019Ever Given\u2019 after the Suez Canal Authority said yesterday it will finally unshackle the container ship this week following an agreement with its owners. Though\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":563593,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/the-gerd-the-ever-given-again-have-most-of-the-airwaves-to-themselves\/","url_meta":{"origin":563545,"position":1},"title":"The GERD + the Ever Given again have (most) of the airwaves to themselves","author":"enterpriseam admin","date":"8 July 2021","format":false,"excerpt":"GERD continues to be the top story on talk shows last night: Foreign Minister Sameh Shoukry\u2019s meetings in New York to lobby for the support of the UN Security Council\u2019s members ahead of today\u2019s session were widely covered by Yahduth Fi Masr (watch, runtime 1:17), Masaa DMC (watch, runtime 1:13)\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562146,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/last-nights-talk-shows-sca-cuts-ever-given-compensation-demand-gerd-dominates\/","url_meta":{"origin":563545,"position":2},"title":"Last Night\u2019s Talk Shows: SCA cuts Ever Given compensation demand + GERD dominates","author":"enterpriseam admin","date":"9 May 2021","format":false,"excerpt":"The Grand Ethiopian Renaissance Dam and updates on the country\u2019s covid-19 situation led the conversation on the airwaves last night. We have both stories in detail in this morning\u2019s news well, above.Meanwhile, it looks like the Suez Canal Authority (SCA) just downgraded its Ever Given compensation demands by a third\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543016,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/this-evening-welcome-etisalat-misr-to-the-pm-issue-thursday-is-off-for-the-public-sector-we-have-our-first-securitization-of-the-year\/","url_meta":{"origin":563545,"position":3},"title":"THIS EVENING: Welcome Etisalat Misr to the PM issue + Thursday is off for the public sector + we have our first securitization of the year","author":"enterpriseam admin","date":"2 January 2022","format":false,"excerpt":"It\u2019s the first EnterprisePM of the year, ladies and gentlemen. Work on this edition was one of the highlights of 2021 for us, and we\u2019re very grateful to you, dear reader, for allowing us to continue doing it. We hope you had as much fun reading it as we\u2019ve had\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":563723,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/14\/this-morning-four-days-off-next-week-egx-election-day-irrigation-minister-in-drc-hariri-to-meet-shoukry-in-cairo-today-us-inflation-spikes\/","url_meta":{"origin":563545,"position":4},"title":"THIS MORNING: Four days off next week; EGX election day; Irrigation minister in DRC; Hariri to meet Shoukry in Cairo today; US inflation spikes.","author":"enterpriseam admin","date":"14 July 2021","format":false,"excerpt":"GOOD NEWS- We\u2019re officially getting a four-day vacation: Government agencies and public sector companies will receive a four-day break next week in observance of Eid Al Adha, the cabinet announced yesterday. Eid holiday will run from Monday, 19 July until Thursday, 22 July, while Saturday, 24 July will also be\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":563582,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/this-morning-egx-tests-today-un-security-council-to-talk-gerd-today-moscow-is-trying-to-mend-saudi-uae-ties-assassination-of-haitian-president-dominates-global-press\/","url_meta":{"origin":563545,"position":5},"title":"THIS MORNING: EGX tests today; UN Security Council to talk GERD today? Moscow is trying to mend Saudi-UAE ties; Assassination of Haitian president dominates global press.","author":"enterpriseam admin","date":"8 July 2021","format":false,"excerpt":"Happy Thursday, readers \u2014 It appears we\u2019ve reached the pre-Eid news slowdown a week early. With a grand total of one business story, we don\u2019t think it\u2019s an exaggeration to officially crown this issue the slowest of \u201821. Fear not though: You can always count on the GERD and covid\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\/563545","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=563545"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563545\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563543"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563545"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563545"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}