{"id":564607,"date":"2021-02-16T13:21:06","date_gmt":"2021-02-16T13:21:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/what-were-tracking-tonight-on-16-february-2021\/"},"modified":"2021-02-16T13:21:06","modified_gmt":"2021-02-16T13:21:06","slug":"what-were-tracking-tonight-on-16-february-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/what-were-tracking-tonight-on-16-february-2021\/","title":{"rendered":"What we\u2019re tracking tonight on 16 February 2021"},"content":{"rendered":"<p><strong>We hope you\u2019re all warm on this cold winter afternoon<\/strong>, ladies and gentlemen. If ever there was a day for hot chocolate\u2026<\/p>\n<p><strong>The Central Bank of Egypt is <\/strong><strong>THE BIG STORY AT HOME this afternoon <\/strong>after it issued a circular this morning saying tourism companies can draw up to EGP 40 mn from a central bank initiative to support struggling industry. The program, launched last year as part of the bank\u2019s wider covid stimulus program, is now set to wrap up at the end of June. The bank also handed down today changes to how banks can extend credit to real estate developers. We have chapter and verse on both stories in this afternoon\u2019s Speed Round, below.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>HAPPENING NOW- <\/strong><strong>Egypt will try to speed up the implementation of the Universal <\/strong><strong>Healthcare Program to cover all governorates in 10 years<\/strong>, as opposed to the previously planned 15 years, President Abdel Fattah El Sisi said in a speech in Alexandria during the inauguration of Ismailiyah Integrated Healthcare Complex and other medical centers in the area. El SIsi also thanked healthcare workers and outlined steps his administration has taken to keep Egyptians safe and healthy during the pandemic.<\/p>\n<p><strong>BACKGROUND- <\/strong>The Sisi administration <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/17\/egypt-mulls-amending-corporate-healthcare-tithe-to-impose-egp-10k-cap-across-the-board\/\">started<\/a> its governorate-by-governorate rollout of the new national healthcare system in 2019. <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/14\/egypt-to-clarify-role-of-private-sector-in-universal-healthcare-system\/\">Under the scheme<\/a>, the state will contract out the delivery of healthcare services to private sector hospitals that have signed up to provide services under the Act. You can catch <a href=\"http:\/\/bit.ly\/3b7AtzD\">Ittihadiya\u2019s statement<\/a> on El Sisi\u2019s speech here or give a listen yourself (<a href=\"https:\/\/bit.ly\/3pu0WfD\">watch, runtime: 20:51<\/a>).<\/p>\n<p><strong>ALSO-<\/strong> <strong>Pakistani Foreign Minister Shah Mahmood Qureshi has landed in Cairo <\/strong>for a two-day visit that will include talks with Foreign Minister Sameh Shoukry, reports <a href=\"https:\/\/www.geo.tv\/latest\/335209-fm-qureshi-leaves-for-egypt-on-two-day-visit\">Geo News<\/a>. Egypt is a gateway to Africa as Pakistan aims to enhance trade relations with the continent, Qureshi said. The minister is planning to visit Al Azhar University and talk investment with Egypt\u2019s business community, reports <a href=\"https:\/\/en.dailypakistan.com.pk\/16-Feb-2021\/pakistani-fm-qureshi-embarks-on-two-day-visit-to-egypt\">The Daily Pakistan<\/a>.<\/p>\n<p><strong>** CATCH UP QUICK- The top stories from this morning\u2019s edition of EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>We passed a grim milestone overnight<\/strong> as more than 10k Egyptians have now died of covid-19. Meanwhile, the Health Ministry is now giving required <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/047dc39d-233d-49cb-bd88-d8569d5587c5\">second shots to medical professionals<\/a> participating in the first phase of the vaccine rollout.<\/li>\n<li><strong>The unemployment rate effectively held steady<\/strong> at the end of 2020, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86144d44-d819-4071-87e3-c5bbead8084a\">improving 100 bps<\/a>.<\/li>\n<li><strong>The IFC is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/911afdc0-3efa-49bf-83b1-7664450081f7\">giving<\/a><\/strong><strong> USD 30 mn in financing<\/strong> to the Egyptian arm of Turkish glass maker Pasabahce.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD?<\/strong> No single story has captured the imagination of the global business press. The WSJ is giving plenty of ink to <a href=\"https:\/\/www.wsj.com\/articles\/goldman-sachs-to-offer-its-investing-know-how-to-the-masses-11613471402?mod=hp_lead_pos2\">Goldman Sachs getting into the robo-advisory business<\/a> with \u201cMarcus Invest\u201d and to <a href=\"https:\/\/www.wsj.com\/articles\/bill-gates-interview-climate-change-book-11613173337\">Bill Gates\u2019 book on climate change<\/a>. Meabwhile, Bloomberg notes that <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-16\/world-leading-lira-rally-turns-wall-street-analysts-into-bulls?srnd=premium-middle-east&sref=mmeFTDW1\">the TRY is winning over investors<\/a> as its appreciation against the greenback continues.<\/p>\n<p><strong>YOUR STATUTORILY REQUIRED AFTERNOON COVID UPDATE: <\/strong>Three Israelis who had previously recovered from a coronavirus infection have been <strong>reinfected by the South African variant<\/strong>, the <a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/south-african-israel-variants-reinfection\/2021\/02\/15\/0c6ff68c-6f68-11eb-8651-6d3091eac63f_story.html\">Washington Post<\/a> writes. The phenomenon underscores the need for widespread pickup of vaccinations and prevention measures such as double-masking to prevent mutant strains from taking hold.<\/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>HAPPENING TOMORROW- A MENA x CEO panel on venture capital and <\/strong><strong>entrepreneurism<\/strong> in our neck of the woods hosted by the Columbia Entrepreneurs Organization in the form of a MENA x CEO panel. The gathering headlined \u201cInvestor Perspectives from New York to North Africa\u201d takes place tomorrow at 7:30pm CLT. Lots of friends are among the panelists, including Global Ventures Managing Director <strong>Amal Enan<\/strong>, HOF Capital Managing Partner <strong>Onsi Sawiris<\/strong>, AAF Management General Partner and CFO <strong>Omar Darwazah<\/strong> and AUC Entrepreneurship Professor <strong>Ayman Ismail<\/strong>. <a href=\"https:\/\/groups.gsb.columbia.edu\/CEO\/rsvp_boot?id=7449\">Tap or click here to register.<\/a><\/p>\n<p><strong>? FOR YOUR COMMUTE-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>? We have aliens on the brain today thanks to The Economist, <\/strong>which writes in its \u201cleader\u201d piece this week that \u201c<a href=\"https:\/\/www.economist.com\/leaders\/2021\/02\/13\/the-search-for-et-may-soon-yield-an-answer\">the search for ET may soon yield an answer<\/a>\u201d as \u201ca variety of telescopes and spacecraft are, or soon will be, looking for signs of life in places ranging from the moons and planets of the solar system to other stars in Earth\u2019s corner of the Milky Way.\u201d <strong>The results could change how we view what it means to be human \u2014 and our \u201cplace in the universe,\u201d <\/strong>the magazine writes.<\/p>\n<p><strong>This time \u2018round, there\u2019s plenty of scientific progress \u2014 and maybe evidence that ET <\/strong><strong>has already swung by our neighborhood. <\/strong>Go deep with <a href=\"https:\/\/www.economist.com\/briefing\/2021\/02\/13\/the-search-for-et-hots-up\">The search for ET hots up<\/a>, then read about <a href=\"https:\/\/www.economist.com\/1843\/2021\/02\/11\/the-alien-hunter-of-harvard\">The alien hunter of Harvard<\/a> and before you move on to <a href=\"https:\/\/www.economist.com\/books-and-arts\/2021\/02\/13\/a-distinguished-astronomer-sees-evidence-of-extraterrestrial-life\">a review<\/a> of said scientist\u2019s new book, which is appropriately titled <strong><a href=\"https:\/\/www.amazon.com\/Extraterrestrial-First-Intelligent-Beyond-Earth\/dp\/0358278147\">Extraterrestrial: The first sign of intelligent life beyond earth<\/a><\/strong><strong>. <\/strong>The book argues that<strong> we were visited by an alien probe in late 2017<\/strong>. The New Yorker goes even deeper into the distinguished astronomer Avi Loeb\u2019s argument in <a href=\"https:\/\/www.newyorker.com\/magazine\/2021\/01\/25\/have-we-already-been-visited-by-aliens\">Have we already been visited by aliens?<\/a><\/p>\n<p><strong>What\u2019s with all this outer space stuff lately?<\/strong> It\u2019s probably a function of our looking forward to season two of For All Mankind, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b87d2e8-33ea-4b90-9884-1dfdd2b843ab\">as we noted the other day<\/a>. It\u2019s back for season two on Friday. <strong>For superfans: <\/strong><a href=\"https:\/\/www.imdb.com\/name\/nm2997668\/\">Apple is launching an every-other-week podcast<\/a> to back the show, hosted by the very talented Krys Marshall, who plays an astronaut on the series. <strong>Catch the season two trailer<\/strong> <a href=\"https:\/\/www.youtube.com\/watch?v=zzmrmjlESjQ\">here (watch, runtime: 2:42)<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Are your electronic gadgets about to get even more expensive? <\/strong>China is asking top execs to help estimate how badly it can hurt the US with a ban on exports of rare earth metals. Beijing is targeting US defense contractors, but rare earths are <a href=\"https:\/\/www.reuters.com\/article\/us-apple-rareearths\/apple-taps-recycled-rare-earth-elements-for-iphone-parts-idINKBN1W31JG\">key components of consumer electronics<\/a> such as mobile phones and laptops every bit as much as they\u2019re used in weapons. Each one of America\u2019s F-35 fighter jets uses about 417 kg of rare earth metals in its electrical power systems and magnets, for example, the <a href=\"https:\/\/www.ft.com\/content\/d3ed83f4-19bc-4d16-b510-415749c032c1\">Financial Times<\/a> reports. Wired magazine called it about 18 months ago when it asked <strong><a href=\"https:\/\/www.wired.com\/story\/rare-earths-next-pawn-us-china-trade-war\/\">Are rare earths the next pawn in the US-China trade war?<\/a><\/strong><\/p>\n<p><strong>Not just for tech nerds: <\/strong>While you\u2019re on Wired\u2019s website, go read <strong><a href=\"https:\/\/www.wired.com\/story\/untold-history-americas-zero-day-market\/?utm_source=pocket&utm_medium=email&utm_campaign=pockethits\">The untold history of<\/a><\/strong><strong><a href=\"https:\/\/www.wired.com\/story\/untold-history-americas-zero-day-market\/?utm_source=pocket&utm_medium=email&utm_campaign=pockethits\">America\u2019s zero-day market<\/a><\/strong> by Nicole Perlroth, on the \u201clucrative business of dealing in code vulnerabilities [that is] central to espionage and war planning.\u201d Perlroth is an awesome New York Times reporter and the story is an adaptation of her book <strong><a href=\"https:\/\/www.amazon.com\/This-They-Tell-World-Ends-ebook\/dp\/B0877D6H28\/\">This Is how they tell me the world ends<\/a><\/strong>: The cyberweapons arms race.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>Season three of <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/80177342\">Good Girls<\/a><\/strong><strong> is out today.<\/strong> If you haven\u2019t watched the series yet, think Breaking Bad, but with a female-led cast and less white powder. Three housewives decide to become criminals to support their families \u2014 and quickly get in over their heads. It\u2019s a light watch to close out your night.<\/p>\n<p><strong>The UEFA Champions League kicks off today with two matches at 10pm CLT. <\/strong>Mo Salah\u2019s Liverpool faces off against RB Leipzig while Barcelona plays Paris Saint-Germain.<\/p>\n<p><strong>A match to look out for: <\/strong>South Africa\u2019s Kaizer Chiefs are set to face Morocco\u2019s Wydad Athletic Club in Egypt for their CAF Champions League group stage debut. The match was previously scheduled to take place in Morocco last Saturday, but Casablanca refused to issue the Chiefs travel visas, citing the new covid-19 variant reported in South Africa, and instead found a \u201cneutral venue\u201d, reports <a href=\"https:\/\/www.kickoff.com\/news\/articles\/south-africa-news\/categories\/news\/german-bundesliga\/kaizer-chiefs-to-face-wydad-ac-in-egypt-for-caf-champions-league-group-stage-opener\/694468\">Kickoff<\/a>. The match is expected to be played before 20 February.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>If you haven\u2019t already tried <\/strong><strong><a href=\"https:\/\/ospasta.com\/menu\">O\u2019s Pasta<\/a><\/strong><strong>, their delicious creations will make this rainy day <\/strong><strong>infinitely better. <\/strong>Located in Zamalek (<a href=\"https:\/\/goo.gl\/maps\/yK9Sp2yvUdCSjaw39\">Google Maps<\/a>), it\u2019s some of the best pasta we\u2019ve ever had in Cairo, with fresh ingredients and innovative combinations. We\u2019ve recently had the Sun-kissed Cream off their new menu and are still daydreaming about it.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>A game-based art exhibit, anyone? <\/strong>The <a href=\"https:\/\/www.medrar.org\/shish-bish-exhibition\/?fbclid=IwAR3CNxLQh85y3qMCVguRl9vBAUrDLtqiGdngWZTgDPKPXmwcc4u7I4K6Gls\">opening<\/a> of exhibition Shish Bish \u2014 where you can visually enjoy and play with the pieces \u2014 is on today at Garden City\u2019s Medrar (<a href=\"https:\/\/goo.gl\/maps\/SAuSLETRfEVbP2SF6\">Google Maps<\/a>). The exhibit runs until 3 March.<\/p>\n<p><strong>Ziad Khaled and El Waili will be playing a set at <\/strong><strong><a href=\"https:\/\/cairojazzclub.com\/events\/\">Cairo Jazz Club<\/a><\/strong> at 9pm CLT for Alt Tuesday.<\/p>\n<p><strong>Instrumental band Insjam <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/177263467099654\">will be playing<\/a><\/strong><strong> at the Room New Cairo tonight<\/strong> at 9pm CLT. Insjam\u2019s music is a fusion between Eastern and Western sounds and genres.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>A book to help you look forward: <\/strong><a href=\"https:\/\/www.amazon.com\/Lessons-Post-Pandemic-World-Fareed-Zakaria-ebook\/dp\/B08BWRX6H5\">Ten Lessons for a Post-Pandemic World<\/a> by CNN\u2019s Fareed Zakaria is a timely read that explores the political, technological and economic implications of a post-pandemic world that may take years to unfold \u2014 from the quality of government to the rise of digital life. You can also check out <a href=\"https:\/\/www.nytimes.com\/2020\/10\/06\/books\/review\/ten-lessons-for-a-post-pandemic-world-fareed-zakaria.html\">The New York Times\u2019s review<\/a> of the book.<\/p>\n<p>? <strong>WEATHER UPDATE-<\/strong><strong> We\u2019re looking forward to a cold, windy evening <\/strong>in Cairo with the mercury hitting 7\u00b0C overnight. Expect more wind and a daytime high of 12\u00b0C in the capital city tomorrow, according to our favourite weather app. <strong>And there could be up to three more days of rain in store for Alexandria<\/strong> along with plenty more cold weather.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We hope you\u2019re all warm on this cold winter afternoon, ladies and gentlemen. If ever there was a day for hot chocolate\u2026 The Central Bank of Egypt is THE BIG STORY AT HOME this afternoon after it issued a circular this morning saying tourism companies can draw up to EGP 40 mn from a central [&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":[96,116,107,633,89,474,301,671,238,4175,117,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564607","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-abdel-fattah-el-sisi","tag-china","tag-covid-19","tag-enterprisepm","tag-israel","tag-pakistan","tag-sameh-shoukry","tag-space","tag-tourism","tag-universal-healthcare-act","tag-us","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"ee76db30-18a4-4d2e-b988-e9ffe3fb2bfe","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[564605],"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>What we\u2019re tracking tonight on 16 February 2021 - 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\/02\/16\/what-were-tracking-tonight-on-16-february-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking tonight on 16 February 2021\" \/>\n<meta property=\"og:description\" content=\"We hope you\u2019re all warm on this cold winter afternoon, ladies and gentlemen. 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