{"id":564466,"date":"2021-02-08T15:11:37","date_gmt":"2021-02-08T15:11:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/what-were-tracking-on-monday-8-february-2021\/"},"modified":"2021-02-08T15:11:37","modified_gmt":"2021-02-08T15:11:37","slug":"what-were-tracking-on-monday-8-february-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/what-were-tracking-on-monday-8-february-2021\/","title":{"rendered":"What we\u2019re tracking on Monday, 8 February 2021"},"content":{"rendered":"

Good afternoon, everyone <\/strong>\u2014 we the end of your workday is in sight.<\/p>\n

THE BIG NEWS here at home this afternoon: We\u2019re seeing lots of M&A in the finance <\/strong>industry<\/strong> and turnover on the EGX broke the EGP 2 bn mark <\/strong>as retail investors continued to dominate flows. The benchmark EGX30 is now up 6.3% for the year after losing 0.7% at the closing bell today. We have more on both stories below.<\/p>\n

THE BIG NEWS GLOBALLY:<\/strong> US President Joe Biden is planning competition, but not conflict,<\/a>with China<\/a> and will \u201cwork with Beijing when it\u2019s in America\u2019s interest to do so.\u201d The competition, he suggested, will be extreme<\/strong>. Meanwhile, Biden\u2019s predecessor faces the kickoff of his second impeachment trial<\/a> \u2014 and the GOP a reckoning<\/a> \u2014 tomorrow.<\/p>\n

HAPPENING NOW- Egypt is leading an emergency Arab League meeting <\/strong>with Arab foreign ministers as part of a bid to add new impetus to peace talks<\/a> between Israel and Palestine. Foreign Minister Sameh Shoukry has held high-level talks with French, German, EU and Jordanian officials in recent weeks to push things ahead.<\/p>\n

***<\/strong><\/p>\n

You\u2019re reading Issue #2 of EnterprisePM, our afternoon briefing<\/strong> on what\u2019s going on in Egypt and emerging markets \u2014 and your guide to where you may want to spend your time and money tonight.<\/p>\n

EnterprisePM is designed to help you leave work behind when you check out of the <\/strong>office<\/strong>, whether your commute is across town, down the hall to your family room or entirely fake<\/a>.<\/p>\n

Thank you <\/strong>to everyone who has written in with nice words and great suggestions. Keep the feedback coming on editorial@enterprise.press \u2014 a real, live human being reads and considers every email.<\/p>\n

***<\/strong><\/p>\n

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? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n

<\/a> The Columbia Entrepreneurs Organization will be hosting a MENA x CEO panel on <\/strong>venture capital and entrepreneurism in the region. <\/strong>The gathering headlined \u201cInvestor Perspectives from New York to North Africa\u201d takes place on 17 February. Lots of friends are among the panelists<\/strong>, including Global Ventures Managing Director Amal Enan<\/strong>, HOF Capital Managing Partner Onsi Sawiris<\/strong>, AAF Management General Partner and CFO Omar Darwazah<\/strong> and AUC Entrepreneurship Professor Ayman Ismail<\/strong>. Tap or click here to register.<\/a><\/p>\n

? FOR YOUR COMMUTE-<\/strong><\/p>\n

Oil may have <\/strong>just broken past<\/a><\/strong> the USD 60 \/ barrel barrier, but that may not be enough to <\/strong>save companies <\/strong>whose finances are in \u201ctatters,\u201d <\/strong>the Financial Times argues. \u201cExxonMobil, Chevron, BP and Shell recorded more than USD 50 bn in losses between them last year, as the pandemic-driven crash in oil demand crushed crude prices and forced them to slash their spending plans,\u201d and Exxon and Chevron have discussed a mega-merger. And it\u2019s going to be tricky for the \u201csupermajors\u201d to recast themselves not as oil giants, but as energy companies <\/strong>with a rising contribution of clean(er) energy. The answer? M&A, of course, but of what form? That\u2019s the question the FT raises in Big oil\u2019s huge losses raise prospect of mega mergers<\/a>.<\/p>\n

Can you have green aluminum? <\/strong>No matter how you pronounce (or spell) it, aluminum is ridiculously energy-intensive to produce, and one of the most common sources of that power is none other than coal (which ain\u2019t clean no matter how you burn it). As climate nerds, it makes us want to cry. As gadget lovers, we can\u2019t get enough of it. It\u2019s why we cheered a little bit when we heard that <\/strong>Emirates Global Aluminum is going to be the first company globally to start commercial-scale manufacturing of aluminum using solar energy<\/strong> under a contract with BMW. Bloomberg<\/a> has the news, and both EGA<\/a> and BMW<\/a> are out with statements.<\/p>\n

The \u201cgenius equation\u201d is G=SxNxD<\/strong>, with \u2018S\u2019 standing for Significance of the degree of impact or change effected, N for the Number of people impacted, and D for the Duration of impact, explains Yale University Professor Craig Wright, the noted musician and musicologist who has studied how history\u2019s greats nurture ideas and turn them into works of genius. He reflects on what he\u2019s learned<\/a><\/strong>in an excellent essay on Aeon. Want more? <\/strong>Wright has also published a book called The Hidden Habits of Genius<\/a>.<\/p>\n

What are the \u201cfirst and second spouses\u201d doing in the Biden White House? <\/strong>Dr. Jill Biden will continue to teach<\/a> (as she did when her husband was Obama\u2019s veep), while entertainment lawyer Doug Emhoff (who recently left DLA Piper) needs to figure out what it means to be the US\u2019 \u201cfirst second gentleman.\u201d<\/a><\/p>\n

Okay, but how are throwaway metal capsules good for the environment? <\/strong>Nestle to double<\/a>sustainability spending at Nescafe coffee brand<\/a>.<\/p>\n

FINALLY: A gratuitous <\/strong>video of a lemur<\/a><\/strong> that really wants the kid to keep on petting\u2026<\/p>\n

enterprise<\/p>\n

Today\u2019s Google Doodle <\/strong>commemorates<\/a><\/strong> Egyptian actress and singer Shadia <\/strong>on what would have been her 90th birthday. Shadia was considered a darling of the Arab entertainment industry for close to forty years. She appeared in over 100 roles, from movies to radio plays and her song \u201cYa Habibty Ya Masr\u201d is a patriotic anthem played during many national events.<\/p>\n

? <\/strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n

<\/a> Al Ahly versus Bayern Munich at 8pm CLT tonight. <\/strong>The two teams will go head to head in the semifinals of the FIFA Club World Cup, in a highly anticipated match that marks the third time the clubs compete. Egypt recorded a win against Bayern Munich in 1977 but lost to the Bundesliga club in the latest friendly game in 2012, reports EN24<\/a>. The winner of today\u2019s match will play the final of the competition this Friday. Check out The Hard Tackle<\/a> for possible team line ups, key stats, and a match prediction.<\/p>\n

Al Ahly\u2019s coach doesn\u2019t seem too confident\u2026 <\/strong>Coach Pitso Mosimane told FIFA<\/a> that Al Ahly \u201care just going to have fun\u201d.<\/p>\n

Other matches tonight: <\/strong>The English Premier League\u2019s Leeds and Crystal Palace will hit the field at 10pm CLT. Meanwhile, La Liga will see Atl\u00e9tico Madrid play against Celta Vigo also at 10pm CLT. There are no Serie A matches for you today.<\/p>\n

ON NETFLIX TONIGHT- \u201c<\/strong>Night Stalker: The Hunt for a Serial Killer<\/a><\/strong>\u201d: <\/strong>The documentary follows two detectives hunting down serial killer Richard Ramirez in 1985 Los Angeles. Ramirez<\/a> murdered at least 13 people between 1984\u201385. Not convinced? Here\u2019s a review from The Guardian<\/a>.<\/p>\n

FUTURE TELEVISION- <\/strong>You can\u2019t watch it yet by Seekoseeko in the City<\/a><\/strong> is making a comeback, looking at how Carrie, Miranda and Charlotte are faring in their 50s. Actress Kim Cattrall (Samantha) is sitting this one out after a spat with Sarah Jessica Parker (Carrie). (We\u2019re not being cutesy with the use of \u201cseekoseeko\u201d instead of the three-letter English word \u2014 the algos that determine whether we\u2019re admitted to your inboxes won\u2019t allow it.)<\/p>\n

And for future Netflix and Chill sessions:<\/strong> The streaming giant has announced its 2021 film<\/a>slate<\/a>.<\/p>\n

EAT THIS TONIGHT- <\/strong><\/p>\n

<\/a> ? <\/strong>Kokio (eat-in and delivery, branches in <\/strong>Maadi<\/a><\/strong> or <\/strong>New Cairo<\/a><\/strong>) serves up the best fried <\/strong>chicken in Cairo<\/strong>, full-stop. Double-fried the Korean way, it\u2019s incredibly crispy and quality has been consistent throughout the pandemic. (Trust us: It\u2019s the only takeout we order, figuring the bug that causes covid can\u2019t withstand being deep-fried. Twice.) Order a whole or half Kokio Chicken \u2014 though how a \u201cwhole chicken\u201d has five drumsticks and three wings, all of different sizes, we\u2019ll never know. Then throw in an order of soy chicken. The spicy chicken nuggets are also not to be missed if you\u2019re feeling indulgent. The resident 13-year-old\u2019s rating: <\/strong>\u2b50\ufe0f\u2b50\ufe0f\u2b50\ufe0f\u2b50\ufe0f\u2b50\ufe0f<\/strong><\/p>\n

? OUT AND ABOUT-<\/strong><\/p>\n

For Maadi peeps, antique furniture store <\/strong>Darb 15 Beit Arafa<\/a><\/strong> (<\/strong>Google Maps<\/a><\/strong>)<\/strong> is holding a <\/strong>book fair <\/strong>in collaboration with book delivery platform Book Stop<\/a>. The fair will run until next Sunday.<\/p>\n

Art Cafe<\/a><\/strong> has a ton of classes and workshops on for the duration of the month<\/strong> that you adults or your kids can attend at their branches in Maadi (Google Maps<\/a>) or Sheikh Zayed (Google Maps<\/a>) or from the comfort of your own home on Zoom. The classes include digital painting, art universities preparation, and photography & photoshop. You can check out their full schedule here<\/a>.<\/p>\n

? UNDER THE LAMPLIGHT-<\/strong><\/p>\n

In the era of QAnon and other conspiracy theories, comes <\/strong>Fake Accounts by Lauren<\/a><\/strong>Oyler<\/a><\/strong> who follows a woman who discovers her partner is a popular internet conspiracy theorist. Her newly-released debut novel is an exploration of what it means to live our lives online and it\u2019d influence on our ideologies. You can check out the book\u2019s reviews from The Guardian<\/a> and The Nation<\/a>.<\/p>\n

? TOMORROW\u2019S WEATHER- <\/strong>We\u2019re looking at two more days of sunny skies with cloudy periods and unseasonably warm daytime heights of 28\u00b0C tomorrow and 26\u00b0C on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"

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We\u2019re just about ready to slide into a very well-deserved weekend following a busy (to say the least) few days. THE BIG STORY TODAY The government is set to facilitate the delivery of humanitarian aid into Palestine, the Foreign Ministry\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2022\/9\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608455,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/19\/this-evening-5g-licenses-coming-this-year-president-abdel-fattah-el-sidi-meeting-with-jordanian-counterpart-king-abdullah-ii-in-cairo\/","url_meta":{"origin":564466,"position":1},"title":"THIS EVENING: 5G licenses coming this year? + President Abdel Fattah El Sidi meeting with Jordanian counterpart King Abdullah II in Cairo","author":"enterpriseam admin","date":"19 October 2023","format":false,"excerpt":"Good afternoon, friends, and happy THURSDAY. We\u2019ve come to the end of a tense week, although the situation in the region continues to develop. THE BIG STORY TODAY5G licenses coming this year? The National Telecommunications Regulatory Authority is reportedly planning to issue a tender for Egypt\u2019s first licenses for 5G\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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":608295,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/this-evening-china-energy-united-energy-sign-usd-14-75-bn-sczone-investment-agreements\/","url_meta":{"origin":564466,"position":2},"title":"THIS EVENING: China Energy, United Energy sign USD 14.75 bn SCZone investment agreements","author":"enterpriseam admin","date":"17 October 2023","format":false,"excerpt":"Good afternoon, friends, and happy hump day. It\u2019s looking like a brisk Tuesday here at home so far, bringing us a range of stories across the news cycle.THE BIG STORY TODAY Chinese companies are investing USD 14.75 bn in SCZone projects: Chinese companies signed agreements to invest a total of\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2021\/8\/214.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608326,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/18\/biden-is-coming-to-israel-but-not-jordan-amid-regional-outrage-over-gaza-hospital-bombing\/","url_meta":{"origin":564466,"position":3},"title":"Biden is coming to Israel (but not Jordan) amid regional outrage over Gaza hospital bombing","author":"enterpriseam admin","date":"18 October 2023","format":false,"excerpt":"Jordan canceled a planned four-way summit between Biden and Arab leaders in the wake of the attack","rel":"","context":"In "What We're Tracking Today"","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\/2023\/10\/897.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608132,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/15\/this-evening-el-sisi-extends-invitations-for-intl-summit-on-palestine\/","url_meta":{"origin":564466,"position":4},"title":"THIS EVENING: El Sisi extends invitations for int\u2019l summit on Palestine","author":"enterpriseam admin","date":"15 October 2023","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and welcome to a new week. The news cycle continues to be fixed on the ongoing developments in our region. THE BIG STORY TODAY International summit on Palestine in Cairo? President Abdel Fattah El Sisi has extended invitations for a regional and international summit to\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2021\/12\/meeting-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608638,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/this-evening-finmin-completes-initial-draft-of-tax-policy-document\/","url_meta":{"origin":564466,"position":5},"title":"THIS EVENING: FinMin completes initial draft of tax policy document","author":"enterpriseam admin","date":"23 October 2023","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy Monday. As was the case this morning, the news cycle appears to be catching its breath (besides the ongoing war). THE BIG STORY TODAY The Finance Ministry has completed its first draft of the government\u2019s tax policy document, which it expects to finalize\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2021\/12\/326.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564466","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=564466"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564466\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/564464"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564466"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564466"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}