{"id":564952,"date":"2021-03-09T13:35:40","date_gmt":"2021-03-09T13:35:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/"},"modified":"2021-03-09T13:35:40","modified_gmt":"2021-03-09T13:35:40","slug":"what-were-tracking-on-9-march-2021-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/","title":{"rendered":"What we\u2019re tracking on 9 March 2021"},"content":{"rendered":"<p><strong>Good afternoon, friends. <\/strong>It\u2019s another busy news day here at home with a nearly <strong>USD 1 bn <\/strong><strong>M&A in the petroleum industry<\/strong> dominating the conversation on Egypt this afternoon as our friends at Cheiron join Cairn to buy out Shell\u2019s operations in the Western Desert. Meanwhile, we have word that private equity veteran <strong>Hossam Abou Moussa<\/strong> is joining financial services specialist Apis and our Analyst of the Week is Beltone\u2019s <strong>Abanob Magdy<\/strong>.<\/p>\n<p><strong>It\u2019s shaping up to be a hell of a week for M&A <\/strong>when you throw in yesterday\u2019s news of the Saudi PIF\u2019s offer to take driller ADES International private and Banque Misr\u2019s ongoing bid to acquire up to 90% of CI Capital.<\/p>\n<p><strong>THE BIG STORY abroad<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-08\/asia-set-for-muted-open-after-u-s-tech-tumble-markets-wrap?srnd=premium-middle-east\">Bloomberg<\/a> and the <a href=\"https:\/\/www.wsj.com\/articles\/global-stock-markets-dow-update-03-09-2021-11615279243?mod=hp_lead_pos1\">Wall Street Journal<\/a> are looking forward to the opening bell on Wall Street later today, saying <strong>futures show tech stocks about to rally after they entered correction territory yesterday<\/strong>. Meanwhile, the <a href=\"https:\/\/www.ft.com\/content\/7f7d4b7d-028a-41a6-b11e-8320173ae4bc\">Financial Times<\/a> is leading with the OECD\u2019s estimate that Joe Biden\u2019s USD 1.9 tn in covid-19 stimulus could add one percentage point to global growth this year. <strong>OECD sees the world economy growing 5.6% this year<\/strong>, up from its November forecast of 4.2%.<\/p>\n<p><strong>But Enterprise, what\u2019s a \u201ccorrection\u201d? <\/strong>It\u2019s just fancy-talk for shares being down 10% or more from a recent high. It means \u201cwatch this space,\u201d but it\u2019s not (necessarily) a sign the apocalypse is nigh. That\u2019s a \u201cbear market,\u201d which we hit when securities are 20% or more below a recent high.<\/p>\n<p><strong>CATCH UP QUICK<\/strong> on the top stories from this morning\u2019s edition of EnterpriseAM:<\/p>\n<ul>\n<li><strong>Private companies will not be allowed to independently provide covid-19 vaccines <\/strong><strong>to the public<\/strong>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5500b30c-d782-4344-a027-6608706fe950\">Cabinet said<\/a>, although at least one has been given permission to import vaccines for sale to a government agency.<\/li>\n<li><strong>President Abdel Fattah El Sisi has ordered Maglis El Dowla to appoint women to <\/strong><strong>the bench<\/strong>; he has also directed that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/373425bf-073e-43ac-ba60-5b160a912d7c\">more women be hired<\/a> at the Supreme Judicial Council and the Prosecutor General\u2019s Office.<\/li>\n<li><strong>As many as 5 mn casual workers are sitting idle<\/strong>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9121904d-b6c9-4d71-bf06-5a6205316f4e\">an industry lobby group says<\/a>, as the result of a government-mandated work stoppage to crack down on building code violations.<\/li>\n<\/ul>\n<p><strong>YOUR MANDATORY COVID STORY- The Pfizer \/ BioNTech vaccine works as well against <\/strong><strong>the Brazilian and UK \u201cmutant\u201d strains as it does against the one discovered last year,<\/strong> according to researchers at the University of Texas showed writing in a letter to the <a href=\"https:\/\/www.nejm.org\/doi\/full\/10.1056\/NEJMc2102017\">New England Journal of Medicine<\/a>. While the research still needs to be validated with real-world data, the results offer another reason for optimism, writes <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-09\/pfizer-biontech-covid-shot-neutralizes-brazilian-strain-in-lab\">Bloomberg<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Photopia\u2019s <\/strong><strong><a href=\"http:\/\/bit.ly\/3qeZi2a\">Cairo Photo Week 2021<\/a><\/strong><strong> kicks off this Thursday <\/strong>and runs through 20 March. The photo festival will feature over 100 activities including workshops, panels, photo challenges, exhibitions, portfolio reviews and photo walks throughout the week, all led by more than 80 local and international photographers. Genres including fashion, food, portraits, documentary and photojournalism are all in the spotlight. You can check out the event program on <a href=\"https:\/\/www.photopiacairo.com\/cairophotoweek-2021?fbclid=IwAR1VINWsHs0sOu3TMtc8ylAWapzWrTthzPq_f0xf6tF5q2zjqh6I0KszU-k\">Photopia\u2019s website<\/a>, there\u2019s plenty to look at on the group\u2019s Instagram feed @cairophotoweek, and both physical and virtual tickets are available <a href=\"https:\/\/ticketing.eventtus.com\/y5flju015b0uv2qe11v8twbfvxdd7hs5\/tickets?fbclid=IwAR2TtnBFF17ilmZhScxWpLXXXQR2nK7zxjFkXDmk0Cfh1J17Da7dm2MLEpk\">here<\/a>.<\/p>\n<p>Also on Thursday: <strong>The next iteration of <\/strong><strong><a href=\"https:\/\/www.lemarcheexpo.com\/\">Le March\u00e9<\/a><\/strong><strong>, an anchor of the annual expo scene, <\/strong><strong>takes<\/strong><strong> place 11-14 March<\/strong> at the Egypt International Convention Centre, with over 300 local and international brands set to showcase their wares. Full details and digital catalogue on the show\u2019s website.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.cairofashiontex.com\/\">Cairo Fashion & Textile Expo<\/a><\/strong><strong> trade show<\/strong> is set to open at the Cairo International Convention Center on Thursday, running through 13 March.<\/p>\n<p><strong>Higher education fair <\/strong><strong><a href=\"http:\/\/edugate-eg.com\/\">EduGate<\/a><\/strong><strong> is running until Thursday at Kempinski Royal Maxim on <\/strong><strong>The Ring Road. <\/strong>Participants include universities, colleges and training institutions as well as scholarship and grant providers. There\u2019s also an online-only version taking place 18-20 March.<\/p>\n<p><strong>The Marketers League runs this Saturday and Sunday, 13-14 <\/strong><strong>March<\/strong>, at Kundalini Grand Pyramids Hotel in Giza. This year\u2019s theme is <a href=\"https:\/\/beyondthepandemic.marketers-league.com\/\">Beyond the Pandemic<\/a> with panelists and speakers including our friend <strong>Tarek Nour<\/strong> (founder of Tarek Nour Communications), <strong>Ayman Hegazi<\/strong> (CEO of Allianz), <strong>Sherine Zaklama<\/strong> (CEO, Rada Research and Public Relations), and <strong>Walid Hassouna<\/strong> (CEO, EFG Hermes Finance).<\/p>\n<p><strong>Life coach <\/strong><strong><a href=\"https:\/\/arfeenkhan.com\/\">Arfeen Khan<\/a><\/strong><strong> is giving a talk<\/strong> at a virtual AmCham event on <strong>Monday, 15 March<\/strong>.<\/p>\n<p><strong>Talking sustainable manufacturing with BEBA: <\/strong>The British-Egyptian Business Association (BEBA) will host a virtual conference on how Egyptian and UK firms can work together on sustainable manufacturing projects in Africa in the post-Brexit environment on Tuesday, 23 March. Check out the agenda <a href=\"https:\/\/ent.news\/2021\/3\/uk-egypt-partnership-for-the-promotion-of-sustainable-manufacturing-in-africa_official-programme.pdf\">here (pdf)<\/a>.<\/p>\n<p><strong>AUC Press\u2019s <\/strong><strong><a href=\"http:\/\/bit.ly\/3rl944d\">Mad March<\/a><\/strong><strong> book sale will be ongoing for the rest of the month. <\/strong>The sale is open to the general public every day from 10am\u20136pm CLT at AUC Tahrir Bookstore & Garden.<\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>BTC is back up again, hitting a two-week high as more institutional investors eye the <\/strong><strong>cryptocurrency<\/strong>, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-09\/bitcoin-hits-highest-level-in-two-weeks-amid-big-name-interest\">Bloomberg<\/a>. The digital token rose as much as 4.3% and was trading at about USD 53.9k, still below its all-time high of USD 58.35k, which it hit last month. Longer-term investors such as family offices, insurers and corporate treasurers are mulling exposure to BTC, prompting Goldman Sachs to restart its cryptocurrency trading desk. Evercore ISI strategist Rich Ross saying Bitcoin is in a \u201cstrong position\u201d to reach USD 75k.<\/p>\n<p><strong>Meanwhile, cryptocurrency exchange Coinbase Global has been valued at nearly USD 90 <\/strong><strong>bn <\/strong>after a Nasdaq Private Market auction that ended last Thursday put shares at USD 350 apiece, sources from the auction told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-08\/coinbase-is-said-to-be-valued-at-90-billion-in-private-auction?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. That anchors investor expectations as Coinbase prepares to go public on the Nasdaq in later this month.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>You should really check in with your IT department \u2014 that Microsoft hack is getting <\/strong><strong>worse. <\/strong>New reports suggest the cyberattacks on Microsoft\u2019s Exchange Server are escalating into a global \u201cfree-for-all\u201d as a flood of attacks from groups unrelated to China\u2019s Hafnium rush to take advantage of the vulnerabilities, the <a href=\"https:\/\/www.ft.com\/content\/74fa3de6-dd16-4dc5-9b69-38bde634adc3\">Financial Times<\/a>reports. After Microsoft made the vulnerabilities public, <strong>a third, even bigger wave of attacks began as criminal groups jumped to exploit the flaws<\/strong>, a cybersecurity expert told the salmon-colored paper. While initial reports across various publications estimated roughly 30-60k cases, the FT suggests the number could be as high as 250k.<\/p>\n<p><strong>The European Banking Authority was the first major institution to confirm it was <\/strong><strong>targeted <\/strong><strong>in the attack<\/strong>. The US Cybersecurity and Infrastructure Security Agency <a href=\"https:\/\/twitter.com\/USCERT_gov\/status\/1369097815901827081\">ramped up its warnings<\/a> last night, urging all organizations to review its <a href=\"https:\/\/us-cert.cisa.gov\/remediating-microsoft-exchange-vulnerabilities\">guidance<\/a> on the international exploit.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p>(All times CLT)<\/p>\n<p><strong><a href=\"https:\/\/egy.voxcinemas.com\/movies\/the-lord-of-the-rings-the-two-towers\">Vox Cinemas<\/a><\/strong><strong> is screening a re-release of the 2002 film <\/strong><strong><a href=\"https:\/\/www.imdb.com\/title\/tt0167261\/\">The Lord of the Rings: The Two<\/a><\/strong><strong><a href=\"https:\/\/www.imdb.com\/title\/tt0167261\/\">Towers<\/a><\/strong> that has been <a href=\"https:\/\/www.polygon.com\/movies\/2021\/2\/4\/22266130\/lord-of-the-rings-4k-imax-theaters\">remastered<\/a> for 4K and IMAX screens. Director Peter Jackson\u2019s 4K editions of the trilogy rolled out on Blu-ray in December, sporting visual changes that the director said would allow the 20-year-old films to look as if they were shot much more recently. The film follows Frodo and Sam\u2019s journey to Mordor to make a stand against Sauron's new ally, Saruman, and his hordes of Isengard. The Two Towers is the second film in the Lord of the Rings film trilogy and was an enormous box-office success, making over USD 936 mn worldwide in its initial 2002 release and winning the middle-Earth adaptation two Academy Awards.<\/p>\n<p><strong>The UEFA Champions League is back up and running: <\/strong>Juventus will go up against Porto and Dortmund will face off against Sevilla, with both matches at 10pm today. Meanwhile, in the <strong>Egyptian Premier League<\/strong>, Al Ittihad is playing against Ghazl El Mahalla at 7pm.<\/p>\n<p><strong>?EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>This heat wave makes it the perfect time to get reacquainted with ice cream:<\/strong> <a href=\"http:\/\/www.taiyakiegypt.com\/\">Taiyaki<\/a> brings Japanese-style soft serve to New Cairo in a detailed fish-shaped cone that\u2019s more of a waffle if you ask us. Each cone is made to order and comes hot and fresh, with the option of an inner filling of Lotus, nutella, raspberries, and more. We had their signature Lotus Taiyaki and loved it. Pro tip: The fish tail has most of the filling and is the best part \u2014 and make sure you have tissues on hand. Check out their Instagram page @taiyakiegypt. Opening in Alexandria \u201csoon.\u201d<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p>(All times CLT)<\/p>\n<p><strong>Singer Rowan Maher is performing <\/strong><strong><a href=\"http:\/\/bit.ly\/3blOrz0\">tunes from Egyptian movies<\/a><\/strong> at The Room Art Space in New Cairo tonight at 9pm.<\/p>\n<p><strong>Cairo Jazz Club in Agouza is promising a \u201cnight of \u201880s post-punk and new wave gems\u201d<\/strong> featuring the Love Cats and Purplpitch <a href=\"https:\/\/cairojazzclub.com\/events\/\">today at 9pm<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>The Darkroom Cairo is an amazing place to check out if you haven\u2019t already. <\/strong>The Downtown Cairo venue celebrates classic film photography by holding workshops on how to shoot using silver-based stock and then develop in a darkroom. Also on offer: photography walks. The Darkroom also sells the equipment and film needed to get you started.<strong> Excited yet? The Darkroom has a <\/strong><strong><a href=\"http:\/\/bit.ly\/3rqTJim\">large-format demo session<\/a><\/strong><strong> on Thursday at 3pm<\/strong> at which participants will be introduced to the process of using 4x5 film (that\u2019s 4 inches by 5 inches) in the studio to shoot, then move to the lab to develop and print.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Put yourself in the mind of an AI robot: <\/strong>Nobel laureate Kazuo Ishiguro has released his first book since his Nobel Prize win in 2017, with <a href=\"https:\/\/amzn.to\/3tfjNxF\">Klara and the Sun<\/a>. The novel follows Klara, an Artificial Friend or a synthetic girl built as a companion to a child. However, she hasn\u2019t been bought yet and from her place in the store, she spends her days observing people who come in to browse or pass by in the street. Ishiguro uses AI to reflect on what it is to be human by using Klara\u2019s unbiased and moldable intellectual palate to display the act of growing up and growing more closed off.<\/p>\n<p><strong><a href=\"https:\/\/www.vulture.com\/article\/review-klara-and-the-sun-kazuo-ishiguro.html\">Vulture<\/a><\/strong><strong> is out with a book review, while <\/strong><strong><a href=\"https:\/\/www.wired.com\/story\/kazuo-ishiguro-interview\/\">Wired<\/a><\/strong><strong> interviewed Ishiguro about the future of AI<\/strong> and his experience writing the piece.<\/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>TOMORROW\u2019S WEATHER- Summer, are you just popping in? <\/strong>Our favorite weather app is forecasting daytime highs of 35\u00b0C and nighttime lows 15\u00b0C tomorrow. The weather will get gradually cooler from there, going back to the mid-20s by Thursday and falling further over the weekend, according to the <a href=\"https:\/\/ent.news\/2021\/3\/weather-forecast-EMA.pdf\">Egyptian Meteorological Authority (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends. It\u2019s another busy news day here at home with a nearly USD 1 bn M&#038;A in the petroleum industry dominating the conversation on Egypt this afternoon as our friends at Cheiron join Cairn to buy out Shell\u2019s operations in the Western Desert. Meanwhile, we have word that private equity veteran Hossam Abou [&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":[1800,597,107,633,146,594,295,112,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564952","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-brazil","tag-cairn-energy","tag-covid-19","tag-enterprisepm","tag-pfizer","tag-shell","tag-south-africa","tag-uk","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"92c41638-2cf1-4781-b12e-53496a9a5353","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[564950],"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 on 9 March 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\/03\/09\/what-were-tracking-on-9-march-2021-2\/\" \/>\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 on 9 March 2021\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends. It\u2019s another busy news day here at home with a nearly USD 1 bn M&amp;A in the petroleum industry dominating the conversation on Egypt this afternoon as our friends at Cheiron join Cairn to buy out Shell\u2019s operations in the Western Desert. Meanwhile, we have word that private equity veteran Hossam Abou [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T13:35:40+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=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What we\u2019re tracking on 9 March 2021\",\"datePublished\":\"2021-03-09T13:35:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/\"},\"wordCount\":1725,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Brazil\",\"Cairn Energy\",\"covid-19\",\"EnterprisePM\",\"Pfizer\",\"Shell\",\"South Africa\",\"UK\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/\",\"name\":\"What we\u2019re tracking on 9 March 2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-03-09T13:35:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-were-tracking-on-9-march-2021-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What we\u2019re tracking on 9 March 2021\"}]},{\"@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":"What we\u2019re tracking on 9 March 2021 - 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\/03\/09\/what-were-tracking-on-9-march-2021-2\/","og_locale":"en_US","og_type":"article","og_title":"What we\u2019re tracking on 9 March 2021","og_description":"Good afternoon, friends. It\u2019s another busy news day here at home with a nearly USD 1 bn M&A in the petroleum industry dominating the conversation on Egypt this afternoon as our friends at Cheiron join Cairn to buy out Shell\u2019s operations in the Western Desert. 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The already summering news cycle is winding down yet again in anticipation of the end of a short week.THE BIG STORY TODAY- World Bank reaffirms its predictions for Egypt\u2019s growth outlook in FY 2024-2025: The World Bank sees the Egyptian economy growing\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\/2024\/3\/1608.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607479,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/","url_meta":{"origin":564952,"position":1},"title":"THIS EVENING: Egypt\u2019s non-oil private sector contracts at a sharper pace in September","author":"enterpriseam admin","date":"3 October 2023","format":false,"excerpt":"Good afternoon, friends. It\u2019s almost the end of the week, with the upcoming long weekend making tomorrow a THURSDAY-equivalent. THE BIG STORY TODAY PMI contraction accelerates again: The contraction in Egypt\u2019s non-oil private sector deepened in September on the back of \u201cprice and supply challenges\u201d that curbed output levels, according\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\/2021\/11\/388.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635022,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/what-were-tracking-this-week-80\/","url_meta":{"origin":564952,"position":2},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"31 January 2018","format":false,"excerpt":"New railway ticket prices could be announced as early as this week, now that the Transport Ministry has signed off on the new pricing scheme.Don\u2019t miss the trifecta of moons tonight. The full moon will be brighter and larger than you\u2019ve ever seen it. Best viewed at moonrise, says NASA.","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643159,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/non-oil-private-sector-activity-grows-after-three-years-in-contraction\/","url_meta":{"origin":564952,"position":3},"title":"Non-oil private sector activity grows after three years in contraction","author":"enterpriseam admin","date":"3 September 2024","format":false,"excerpt":"Good afternoon, friends. 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THE BIG STORY TODAY- We\u2019re finally growing: Egypt\u2019s non-oil private sector activity expanded in August for the first time in\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\/2024\/9\/226.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":679190,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/29\/oil-prices-rebound-2-on-mideast-tensions-and-stalled-russia-ukraine-talks\/","url_meta":{"origin":564952,"position":4},"title":"Oil prices rebound 2% on Mideast tensions and stalled Russia-Ukraine talks","author":"enterpriseam admin","date":"29 December 2025","format":false,"excerpt":"Good afternoon, friends. The holiday slowdown remains in full effect as we inch closer to New Year\u2019s Eve. Headlines both at home and abroad remain calm, making it the perfect time to pick up a book or plug into a podcast during the downtime.THE BIG STORY ABROAD- ? There\u2019s next\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\/2025\/6\/766.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":686138,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/02\/precious-metals-slump-amidst-intense-sell-off\/","url_meta":{"origin":564952,"position":5},"title":"Precious metals slump amidst intense sell-off","author":"enterpriseam admin","date":"2 February 2026","format":false,"excerpt":"Good afternoon, friends. It\u2019s a quiet Monday afternoon both at home and abroad, save for precious metals as they enter a downward trajectory following a series of historic highs. 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