{"id":564166,"date":"2021-08-15T13:49:37","date_gmt":"2021-08-15T13:49:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/tonight-a-good-start-to-the-egx-this-week-kabul-could-fall-any-minute-intl-football-kicks-off-so-let-these-sports-documentaries-get-you-in-the-mood\/"},"modified":"2021-08-15T13:49:37","modified_gmt":"2021-08-15T13:49:37","slug":"tonight-a-good-start-to-the-egx-this-week-kabul-could-fall-any-minute-intl-football-kicks-off-so-let-these-sports-documentaries-get-you-in-the-mood","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/tonight-a-good-start-to-the-egx-this-week-kabul-could-fall-any-minute-intl-football-kicks-off-so-let-these-sports-documentaries-get-you-in-the-mood\/","title":{"rendered":"TONIGHT: A good start to the EGX this week + Kabul could fall any minute. Int\u2019l football kicks off, so, let these sports documentaries get you in the mood."},"content":{"rendered":"<p><strong>Good afternoon, ladies and gents<\/strong> \u2014 and welcome to the start of another week. We have a fairly packed issue for you to kick off the week, starting with the news that we\u2019re about to receive another USD 282 mn from the Arab Monetary Fund as part of its USD 639 mn loan approved last year to help us follow through on our economic and fiscal reform program.<\/p>\n<p><strong>Tycoon is well on its way to acquiring a 90% stake in Alexandria National Company for Financial Investment (ANFI)<\/strong> after the Abu Dhabi Islamic Bank Egypt agreed to sell its 85% stake in the firm.<\/p>\n<p><strong>We also have news that microlender Tasaheel has become the first company to be awarded a microleasing license<\/strong> from the Financial Regulatory Authority \u2014 a move that will open up leasing facilities to smaller businesses that don\u2019t enjoy access to finance provided by conventional non-bank lenders.<\/p>\n<p><strong>STAY TUNED- 2Q unemployment figures dropped this morning<\/strong> \u2014 and they\u2019re virtually unchanged from the first quarter. We\u2019ll have the full story for you in tomorrow\u2019s EnterpriseAM.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><strong> THE BIG STORY TODAY- It was a good day on the EGX:<\/strong> The EGX30 index closed today\u2019s session 1.3% in the green, leaving the benchmark index up 1.7% since the start of the year. Index heavyweight CIB rose 3% during trading while Speed Medical was the strongest performer, up 4.6%.<\/p>\n<p><strong>A major turnaround, helped by a strong earnings season:<\/strong> \u201cEgyptian stocks, until a few weeks back, were significantly underperforming compared to other regional and global indices,\u201d Naeem Brokerage\u2019s Allen Sandeep wrote in an email picked up by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-15\/mideast-stocks-gain-as-egypt-extends-winning-streak-inside-em?sref=mmeFTDW1\">Bloomberg<\/a>. \u201cWhat we are seeing right now is the narrowing of that spread amid good incoming 2Q results across the board.\u201d<\/p>\n<p><strong>** CATCH UP QUICK on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>IPO Watch:<\/strong> Mass transportation startup Swvl and state-owned Administrative Capital for Urban Development <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f63d3ff5-2693-4e97-94c7-b4638ef57a75\">could both go public on the EGX<\/a> by 2023.<\/li>\n<li><strong>M&A Watch:<\/strong> The Coca-Cola Hellenic Bottling Company has agreed to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4aa5c8a6-4089-42cb-a442-f739179ba4c5\">purchase almost 95% of Coca-Cola Bottling Company of Egypt<\/a> for around USD 427 mn.<\/li>\n<li><strong>More green bonds?<\/strong> Banque Misr could soon be following the likes of CIB and the Finance Ministry by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5af16462-48a9-4852-a2f3-00d02f132747\">issuing green bonds to investors<\/a>, according to Vice Chairman Akef El Maghraby.<\/li>\n<\/ul>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>THE BIG STORY ABROAD-<\/strong> <strong>A d\u00e9j\u00e0 vu of Saigon:<\/strong> Taliban forces have <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/us-troops-arrive-afghan-capital-assist-evacuations-2021-08-14\/\">entered<\/a>Afghanistan\u2019s capital, Kabul, as key strategic areas in the country continue to topple to the Islamist militant group with alarming speed. Afghan forces appear to have crumbled in the face of the Taliban\u2019s rapid advance, while Western officials and diplomats in the country were equally <a href=\"https:\/\/www.washingtonpost.com\/world\/2021\/08\/15\/afghanistan-taliban-kabul-embassy-jalalabad\/\">blindsided<\/a>. American diplomats were evacuated from the Kabul embassy by helicopter today, just days after US intelligence sources were cited as <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/taliban-fighters-capture-eighth-provincial-capital-six-days-2021-08-11\/\">saying<\/a>they expected the capital to hold out against an attack for another three months. Meanwhile, options are <a href=\"https:\/\/www.wsj.com\/articles\/afghans-despair-over-long-visa-process-as-taliban-close-in-on-kabul-11628890085\">dwindling<\/a>for the tens of thousands of Afghans seeking refuge from the Taliban, many of whom fled their homes to Kabul in the past week.<\/p>\n<p><strong>Making headlines regionally is a fuel tank explosion that left at least 20 dead in Lebanon<\/strong> and 79 injured in the northern region of Akkar Lebanon, the Lebanese Red Cross <a href=\"https:\/\/twitter.com\/RedCrossLebanon\/status\/1426751589730201603?s=20\">tweeted<\/a>. The exact reason for the fuel tank blast is still not known, but it happened in an area of illicitly stored fuel that residents had discovered earlier. This comes as the country suffers from severe fuel shortages that would push hospitals to face forced shutdowns. <strong>The story is getting digital ink in the global press:<\/strong> <a href=\"https:\/\/www.ft.com\/content\/2ab6e084-548f-4abc-af97-4a77fa3291f4\">FT<\/a> I <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-15\/lebanon-fuel-tank-explosion-kills-at-least-20-red-cross-says?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> I <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/least-20-killed-lebanon-fuel-tank-explosion-mtv-news-2021-08-15\/\">Reuters<\/a> I the <a href=\"https:\/\/apnews.com\/article\/middle-east-lebanon-beirut-fc3c97212fc6d9ee220d45beafde84a3\">Associated Press<\/a>.<\/p>\n<p><strong>Egypt has pledged to send medical aid to Lebanon<\/strong> as soon as possible to support the crisis-racked country in combating such a disaster, according to a statement by the <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/133792882263900\">Foreign Ministry<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>HAPPENING THIS WEEK-<\/strong><\/p>\n<p><strong>Japanese foreign minister Toshimitsu Motegi is in town this week<\/strong> as part of a tour that will take him to six countries in the region over the next 10 days, the country\u2019s foreign ministry <a href=\"https:\/\/www.mofa.go.jp\/me_a\/me1\/page3e_001129.html#section1\">said<\/a>. The minister will <a href=\"https:\/\/asia.nikkei.com\/Politics\/International-relations\/Japan-foreign-minister-heads-to-Mideast-to-talk-security-Afghanistan\">discuss security issues<\/a> and the region\u2019s responses to the pandemic. It remains unclear when Motegi will land in Egypt.<\/p>\n<p><strong>IN GLOBAL MARKETS- Delta variant has replaced inflation as the current market boogeyman:<\/strong> So says HSBC, which said last week that the fall in treasury yields suggests that investors are no longer as concerned about rising inflation and are now paying more attention to the spread of the delta covid variant, according to <a href=\"https:\/\/www.cnbc.com\/2021\/08\/13\/hsbc-markets-no-longer-fear-inflation-stocks-will-continue-to-rally.html\">CNBC<\/a>. Investors have voiced increasing concerns over US inflation, which is currently running at its highest level since mid-2008, but the slow decline in yields since April may be evidence that attention is now returning to covid, the bank\u2019s wealth management unit said on Thursday. Treasury yields tend to rise in response to higher inflation as investors price in the increased likelihood of interest rate hikes.<\/p>\n<p><strong>US consumer confidence just fell the most since the global financial crisis.<\/strong> Bond yields fell last week after a survey showed US consumer confidence having its worst two-week spell since the height of the global financial crisis in October 2008. The University of Michigan\u2019s <a href=\"http:\/\/www.sca.isr.umich.edu\/\">Consumer Sentiment Index<\/a> plunged 13.5% during the first two weeks of August in what it described as a \u201cstunning loss of confidence,\u201d causing investors to buy into safer assets such as US treasuries and gold, <a href=\"https:\/\/www.ft.com\/content\/cdad3914-f0e2-4b1d-b85f-baa044c09a72\">the FT<\/a> says.<\/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>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>Clothes made from recycled plastic are now in fashion: <\/strong>From sneakers to swimsuits, recycled plastics are increasingly being used by the likes of Nike and Adidas as a means of sustainably producing fashion wear while recycling harmful waste, <a href=\"https:\/\/www.ft.com\/content\/dcabfbe1-c14b-4e97-b3e5-1963a781dab1\">The Financial Times reports<\/a>. And the timing is right, as the price of recycled plastic appears to have fallen to the point where these big name brands will expand their use.<\/p>\n<p><strong>But does this actually help the environment? <\/strong>In some ways, yes. Recycled polyester emits 70% less greenhouse gasses when compared to virgin plastic, according to the NGO <a href=\"https:\/\/textileexchange.org\/2025-recycled-polyester-challenge\/\">Textile Exchange<\/a>. <strong>There\u2019s a catch:<\/strong> Recycled plastics are more likely to release microplastics when washed, thus polluting the water system.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>With the int\u2019l football leagues coming back, we thought this week could be all about <\/strong><strong>sports documentaries.<\/strong> That being said, it would only make sense to start with one of football\u2019s greats and someone who has been in the spotlight in the past few weeks\u2026 Lionel Messi. The 2014 documentary <a href=\"https:\/\/www.amazon.com\/Messi-Leo\/dp\/B07B11QGZC\">Messi<\/a> chronicles the life of the soccer icon, from his youthful small-town feats to his professional triumphs in Spain and Argentina. Through interviews, re-enactments, and on-the-field footage, the story of Messi\u2019s rise to stardom unravels itself. If you\u2019d prefer a shorter take on the footballer\u2019s career, <a href=\"https:\/\/www.youtube.com\/watch?v=X0PI1P9p2O8&feature=youtu.be\">The Story of the GOAT- Lionel Messi<\/a> is available on YouTube as a compilation of Messi\u2019s greatest moments on the field. Meanwhile, many of you might be opposed, but <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81003984?trkid=13747225&s=i\">Barca Dreams<\/a> on Netflix could be worth a watch before it is removed from the platform on 31 August.<\/p>\n<p>\u26bd<strong> It\u2019s the last day of the first Premier League gameweek.<\/strong> Finishing off the week are Newcastle versus West Ham who are currently on the field as we head towards dispatch, while Tottenham and Man City will play at 5:30pm.<\/p>\n<p><strong>And it was a typical showing by all the big clubs in week 1,<\/strong> with Manchester United scoring a comfortable 5-1 against Leeds United, Chelsea winning 3-0 against Crystal Palace, and Liverpool doling out the same to Norwich City.<\/p>\n<p><strong>...The usual exception being, of course, Arsenal,<\/strong> whose amateur coach, lack of action in the transfer market, and poor form of its vets saw it take a 2-0 L against newly promoted side Brentford. Some vocal Arsenal fans (including those in Enterprise) have even expressed taking a break from this Premier League season until Mikel Arteta hits coaching puberty or gets sacked.<\/p>\n<p><strong>In other European leagues, a sans-Messi Barcelona side is playing against Real Sociedad <\/strong><strong>today at 8pm in La Liga<\/strong> for their first game of the season. Sevilla and Rayo Vallecano will compete at 10:15.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>Hacienda Red has a new burger joint in town and they call it <\/strong><strong><a href=\"https:\/\/www.instagram.com\/bigdaddy.eg\/?utm_medium=copy_link\">Big Daddy<\/a><\/strong><strong>: <\/strong>Let\u2019s admit it\u2026 Sahel sometimes calls for larger-than-average burgers, fries with all the stops, and cheese everywhere. You can blame it on the salty waters making you hungrier than usual. Either way, Big Daddy has you covered. We love their breakfast options such as their bacon egg sandwich, their Italian cheesy egg sandwich, or sriracha egg lovers dish, each with a ton of different cheeses, sauces, and everything else that makes your morning better. For their burgers, you can\u2019t go wrong with their big daddy burger or surf and turf burger (get the matching fries too). Other things worth checking out on the menu are their Mexican hot dogs and churros. Big Daddy delivers to all of Hacienda as well as Telal and Seashell.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>Cairo Contemporary Arts Center is holding its <\/strong><strong><a href=\"https:\/\/web.facebook.com\/events\/1713613862180413\/?acontext=%7B%22event_action_history%22%3A[%7B%22surface%22%3A%22external%22%7D%2C%7B%22mechanism%22%3A%22discovery_this_week_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\">beginner\u2019s bellydance class<\/a><\/strong><strong> from 8:30-10pm today,<\/strong> at EGP 150 for a single class.<\/p>\n<p><strong>Art Square Academy is running <\/strong><strong><a href=\"https:\/\/web.facebook.com\/events\/974777793260166\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22search_results%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\">fashion-focused drawing classes<\/a><\/strong><strong> from 10am-1pm, every Monday and Wednesday.<\/strong> The 30-hour course costs EGP 3.5k.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Read up on the league that has us all glued to the TV every week: <\/strong>Football wasn\u2019t always the commercial powerhouse it is now and <a href=\"https:\/\/www.amazon.com\/Club-English-Premier-Wildest-Disruptive-ebook\/dp\/B07D3KV99B\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">The Club: How the Premier League Became the Richest, Most Disruptive Business in Sport<\/a> shows how in the span of 25 years, PL became synonymous with major football in 185 countries. From Russian oligarchs, Arab Sheikhs, Asian Titans to American Tycoons, battle-hardened managers, ruthless agents and Rupert Murdoch\u2019s media empire, several parties put their hands into creating a league that boasts some of the world\u2019s best players and brings in bns easily.<\/p>\n<p><strong>It\u2019s a story of success that quickly fell into the trap of bottomline over integrity. <\/strong>The book written by Jonathan Clegg and Joshua Robinson was released in 2019 (pre the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/640e283c-3500-4ed7-bec5-72d499953642\">Super League<\/a> debacle) and foreshadows how local fans are being priced out and clubs' local identities are fading. It\u2019s a great book to understand the business, politics, and love behind Premier League and football as a commodity.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- The mercury will finally fall below 40\u00b0C: <\/strong>Expect daytime highs of 39\u00b0C in the capital city and nighttime lows of 25\u00b0C, our favorite weather app tells us. Meanwhile, Sahel is at a nice 32\u00b0C during the day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gents \u2014 and welcome to the start of another week. We have a fairly packed issue for you to kick off the week, starting with the news that we\u2019re about to receive another USD 282 mn from the Arab Monetary Fund as part of its USD 639 mn loan approved last [&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":[7213],"tags":[434,68,633,640,162,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564166","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-afghanistan","tag-egx","tag-enterprisepm","tag-netflix","tag-sports","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"ccba6cf6-96a3-4bd2-bf6a-f256d52785e5","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[564164],"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>TONIGHT: A good start to the EGX this week + Kabul could fall any minute. Int\u2019l football kicks off, so, let these sports documentaries get you in the mood. - 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\/08\/15\/tonight-a-good-start-to-the-egx-this-week-kabul-could-fall-any-minute-intl-football-kicks-off-so-let-these-sports-documentaries-get-you-in-the-mood\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TONIGHT: A good start to the EGX this week + Kabul could fall any minute. Int\u2019l football kicks off, so, let these sports documentaries get you in the mood.\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, ladies and gents \u2014 and welcome to the start of another week. 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