{"id":567681,"date":"2020-12-03T04:15:30","date_gmt":"2020-12-03T04:15:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/what-were-tracking-on-3-december-2020\/"},"modified":"2020-12-03T04:15:30","modified_gmt":"2020-12-03T04:15:30","slug":"what-were-tracking-on-3-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/what-were-tracking-on-3-december-2020\/","title":{"rendered":"What we\u2019re tracking on 3 December 2020"},"content":{"rendered":"

Well, we made it through another week together, wonderful people.<\/strong> We hope you\u2019re as happy to see the arrival of the weekend as we are. Just a few more hours.<\/p>\n

IT\u2019S A BIG NEWS MORNING for business in Egypt <\/strong>\u2014 and for all of us as people.<\/p>\n

Covid dominates the newsday<\/strong>, with the Madbouly government suggesting last night we\u2019re months away from a vaccine \u2014 and warning a partial lockdown is in the cards if we don\u2019t collectively smarten up (below). This comes as the UK will be the first country to roll out a vaccine after giving the green light to Pfizer \/ BioNTech\u2019s jab.<\/p>\n

The great selloff of Lebanese banks in Egypt<\/strong> looks to be reaching the end of Act I, as we report below, and US celebrities are piling into the brewing global pressure on Egypt<\/strong> over our human rights record, joining politicians in the US and Europe. We have the full rundown in Egypt in the News.<\/p>\n

Globally: The S&P just hit another all-time record<\/strong>, reinforcing to us that the real economy \u2260 the stock market. (Planet finance)<\/p>\n

<\/p>\n\n\n
\n\n\n\n
\n\n\n
\n

Subscribe to Enterprise<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n

<\/center><\/p>\n

MEANWHILE- We\u2019re still smiling from all of the kind words <\/strong>so many of you have had about our redesign \u2014 thank you, one and all. We also welcome comments: If it\u2019s not displaying just right on your phone \/ tablet \/ computer, please drop us a note so we can fix it. You can just hit \u201creply\u201d to this email.<\/p>\n

One thing that will never work: Clickable tl;dr links on your phone. <\/strong>Neither Apple nor Google support the technology that makes it work in mail clients. But they do work on the web, for those of you so inclined.<\/p>\n

We have two awesome interviews to end the week: <\/strong><\/p>\n

Newly appointed Vodafone Egypt CEO Mohamed Kamel Abdallah <\/strong>headlines our My Morning Routine column this morning. Abdallah is a man of taste: He\u2019s a family man and inveterate notetaker and planner \u2014 and his tool of choice is an iPad. (The oldest one among us has now interviewed every VFE chief going back to Mohamed El Hamamsy and accordingly feels very old and wonders where he may have left his Geritol.) (See what we did there? Even our aging joke is dated.)<\/p>\n

Our friend Hossam Abou Moussa is with us for the season finale of Making It<\/strong>, our podcast on how to build a great business in Egypt. Hossam is a partner at global private equity giant Actis and leads a team that invests in financial services across global emerging markets. It\u2019s a must-listen<\/strong>, whether your\u2019re a budding fintech bro or you\u2019re looking for ideas on how to tap PE to grow your business.<\/p>\n

Listen now <\/strong>on your iPhone<\/a><\/strong> or on <\/strong>our website<\/a><\/strong>, or scroll down to Making It (below) for other platforms and more on Hossam.<\/p>\n

Two stories you must read this weekend:<\/strong><\/p>\n

The secret of going the distance in business? Putting tradition and stability over the size of your bottom line <\/strong>and growth<\/strong>, even as you adapt to changing times. Japan has more businesses that are 100, 500 and even 1,000 years old than any other country in the world. This NYT piece is a great starting place<\/a> if you\u2019re building a business not to sell, but to last.<\/p>\n

Don\u2019t wanna wake up with a horse\u2019s head in your bed?<\/strong> Read: How Francis Ford Coppola<\/a>got pulled back in to make \u2018The Godfather, Coda\u2019<\/a>, which hits screens this month.<\/p>\n

\n

It\u2019s PMI day<\/strong>, with the gauge due out here<\/a> at 6:15am \u2014 just a few minutes after we\u2019re scheduled to land in your inbox. Egypt\u2019s private sector expanded in October<\/a> at its strongest rate since December 2014, marking the second consecutive month of the non-oil private sector expansion.<\/p>\n

Other key dates for your diary this month:<\/strong><\/p>\n