{"id":567723,"date":"2020-12-06T04:30:14","date_gmt":"2020-12-06T04:30:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/06\/what-were-tracking-on-6-december-2020\/"},"modified":"2020-12-06T04:30:14","modified_gmt":"2020-12-06T04:30:14","slug":"what-were-tracking-on-6-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/06\/what-were-tracking-on-6-december-2020\/","title":{"rendered":"What we\u2019re tracking on 6 December 2020"},"content":{"rendered":"<p><strong>Good morning, nice people, and welcome to another workweek. <\/strong>We have a packed issue this morning, so let\u2019s get right to it.<\/p>\n<p><strong>It remains all covid, all the time on the world\u2019s front pages <\/strong>as covid sweeps the United States and Europe and Pfizer says it is <a href=\"https:\/\/in.reuters.com\/article\/us-health-coronavirus-pfizer-vaccine\/pfizer-supply-chain-challenges-led-to-slashing-covid-19-vaccine-production-target-wsj-idUSKBN28D3B9\">cutting by 50% its distribution target<\/a> for its vaccine through the end of this year thanks to logistics challenges.<\/p>\n<p><strong>The scarce supply of vaccines is making the race to vaccinate populations a <\/strong><strong>worldwide competition: <\/strong>Governments around the world are scrambling to secure shots as the number of doses available from Western pharma companies remains limited, likely leading to what <a href=\"https:\/\/www.wsj.com\/articles\/race-to-vaccinate-world-against-covid-19-intensifies-11607111607?mod=searchresults_pos2&page=1\">the Wall Street Journal<\/a> calls a \u201cfragmentary vaccination drive likely to proceed at vastly different speeds,\u201d leaving most of the world\u2019s population without access to a jab for months to come.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/3qweuJj\">reported<\/a><\/strong><strong> 431 new covid-19 infections yesterday<\/strong>, up from 427 the day before. Egypt has now disclosed a total of 118,014 confirmed cases of covid-19. The ministry also reported 18 new deaths, bringing the country\u2019s total death toll to 6,750.<\/p>\n<p>(While we\u2019re on the subject of covid: <strong>Yes, you\u2019re going to <\/strong><strong><a href=\"https:\/\/fortune.com\/2020\/12\/04\/covid-19-vaccine-mandatory-required-airlines-to-fly\/\">need to be vaccinated<\/a><\/strong><strong> if you want <\/strong><strong>to travel. <\/strong>And before we switch subjects: <a href=\"https:\/\/www.nytimes.com\/2020\/12\/04\/upshot\/epidemiologists-virus-survey-.html\">This is how 700 epidemiologists are living now<\/a> and what they think is next. Clearly, ain\u2019t none of them living in Omm El Donia.)<\/p>\n<p><strong>The EU has agreed to return to the negotiating table one last time to hammer out a Brexit<\/strong><strong> agreement with the UK<\/strong>, the <a href=\"https:\/\/www.ft.com\/content\/592dd543-3c9c-4a95-9b30-121520f33bce\">Financial Times<\/a> reports. European Commission President Ursula von der Leyen and UK Prime Minister Boris Johnson are set to talk again tomorrow evening in an \u201celeventh hour push\u201d to reach a pact both sides are happy with.<\/p>\n<p><strong>The UK has had better luck with Egypt, as the two countries signed yesterday a<\/strong><strong> post-Brexit trade agreement<\/strong>, according to a <a href=\"https:\/\/bit.ly\/3mMqp3B\">Foreign Ministry statement<\/a>. The trade continuity agreement, which comes into effect on 1 January 2021, will liberalize trade on industrial products, as well as the majority of commodities and food items including produce and fish, the statement says.<\/p>\n<p><strong>REGIONALLY- Saudi Arabia and Qatar are signaling they may be willing to throw in the <\/strong><strong>towel on the Great Qatar Smackdown. <\/strong>We\u2019d still be kind of surprised to see this happen before Joe Biden occupies the White House, but the story is getting plenty of traction in the global business press (<a href=\"https:\/\/www.reuters.com\/article\/idUSKBN28E12M\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-04\/qatar-foreign-minister-says-there-s-movement-to-end-gulf-rift?sref=mmeFTDW1\">Bloomberg<\/a>).<\/p>\n<p><strong>WHAT\u2019S HAPPENING TODAY- President Abdel Fattah El Sisi is in France<\/strong> for a two-day diplomatic visit that will include talks with French president Emmanuel Macron, according to Macron\u2019s <a href=\"https:\/\/www.elysee.fr\/en\/diary#today\">agenda<\/a>.<\/p>\n<p style=\"font-size: 18px; font-weight: bold;\">CIRCLE YOUR CALENDAR-<\/p>\n<p><strong>The Egyptian-American Enterprise Fund is hosting a webinar on the future of <\/strong><strong>Egypt\u2019s private sector <\/strong>at 11am EST (6pm CLT) on Tuesday, 8 December. Speakers include our friends Ashraf Sabry (Fawry) and Magda Habib (Dawi Clinics). You can register for the event <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_dVnOch4rS7uPP80AEXg8yA\">here<\/a> and check out the flyer <a href=\"https:\/\/ent.news\/2020\/12\/EAEF-Webinar-Flyer-FINAL.pdf\">here (pdf)<\/a>.<\/p>\n<p><strong>Voters in Cairo head to the polls tomorrow <\/strong>to vote in runoffs for the House of Representatives. Polls will be open in 11 other governorates from Qalyubia to Sinai.<\/p>\n<p><strong>Also Tuesday: Apple may still have \u201cone more thing\u201d <\/strong>for you to add to your Christmas wish list, <a href=\"https:\/\/www.macrumors.com\/2020\/12\/03\/applecare-memo-potential-hardware-announcement\/\">MacRumors<\/a> suggests. Maybe new earphones?<\/p>\n<p><strong>Other key dates for your diary this month:<\/strong><\/p>\n<ul>\n<li><strong>Foreign reserves<\/strong> figures for November should be out this week.<\/li>\n<li><strong>Inflation data<\/strong> for November will be released on Thursday, 10 December.<\/li>\n<li><strong>The CBE\u2019s Monetary Policy Committee<\/strong> will meet on 24 December to review interest rates.<\/li>\n<\/ul>\n<p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u00a0<\/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>\u00a0<\/p>\n<p><strong>MUST READ FOR CEOS & IROs- Companies are changing their tone and vocabulary in earnings<\/strong><strong> calls to outsmart<\/strong><strong> hedge fund algorithms <\/strong>that are increasingly listening in, says the <a href=\"https:\/\/www.ft.com\/content\/ca086139-8a0f-4d36-a39d-409339227832\">Financial Times<\/a>\u2019 Robin Wigglesworth, who once covered MENA for the salmon-colored paper out of Dubai. While business leaders are increasingly aware of AI\u2019s ability to pick up on their verbal cues and are seeking training on how best to frame their reports, pundits say it\u2019s \u201cultimately futile\u201d to engage in these \u201clinguistic acrobatics\u201d in an attempt to outsmart the algorithms.<\/p>\n<p><strong>Eldib & Co<\/strong> has become the first Egypt-based law firm of which we\u2019re aware to open an office in China, announcing its new Shanghai outpost in <a href=\"https:\/\/eldib.com\/news\/inauguration-of-eldib-cos-office-in-shanghai-china\/\">a press release<\/a> on Thursday.<\/p>\n<p><strong>From the Dept of Good News:<\/strong> Egypt\u2019s poverty rate decreased for the first time in 20 years in FY2019-2020. We have the rundown below.<\/p>\n<p><strong>Don\u2019t [redact] off the photographer when she next shows up to shoot your corporate <\/strong><strong>portrait. <\/strong>Just ask retail boss Philip Green (whose empire is now <a href=\"https:\/\/www.reuters.com\/article\/us-debenhams-liquidation\/uk-retailer-debenhams-to-be-liquidated-idUSKBN28B4DT?il=0\">on the rocks<\/a> thanks to covid) <a href=\"https:\/\/twitter.com\/mrjakewalters\/status\/1334803707221995521?s=12\">how much he likes this shot.<\/a><\/p>\n<p><strong>Want to beef up your TBR pile ahead of the holiday season?<\/strong> There are a handful of end-of-year roundups of the best books 2020 had to offer, whether you\u2019re looking to get some reading done before the year is out or if you\u2019re looking for present ideas for the holiday season. This beautifully illustrated <a href=\"https:\/\/www.nytimes.com\/interactive\/2020\/11\/25\/books\/gifts-for-book-lovers.html?action=click&module=Top%20Stories&pgtype=Homepage\">NYT rundown<\/a> of the best books of the year suggests the gift of reading is the way to go. The reading recommendations span thrillers, music, cooking, historical fiction, sports, photography, Hollywood and the ambiguous-sounding otherworldly. The Financial Times also has its customary roundup of the best books <a href=\"https:\/\/www.ft.com\/booksof2020\">here<\/a>, while <a href=\"https:\/\/www.npr.org\/2020\/12\/04\/941982629\/maureen-corrigans-10-books-that-will-connect-you-in-a-socially-distant-year\">NPR\u2019s Maureen Corrigan<\/a> lists the 10 books that got her through the year. Oprah Magazine\u2019s <a href=\"https:\/\/www.oprahmag.com\/entertainment\/books\/a34659750\/best-books-of-2020\/\">end-of-year list<\/a> bears some resemblance to Corrigan\u2019s similar taste, with several titles appearing on both.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, nice people, and welcome to another workweek. We have a packed issue this morning, so let\u2019s get right to it. It remains all covid, all the time on the world\u2019s front pages as covid sweeps the United States and Europe and Pfizer says it is cutting by 50% its distribution target for its [&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":[7204],"tags":[96,473,2393,107,898,72,7111,3788,296,219,90,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567723","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-abdel-fattah-el-sisi","tag-bahrain","tag-brexit","tag-covid-19","tag-emmanuel-macron","tag-enterpriseam","tag-infrastructure","tag-mohammed-bin-abdulrahman-al-thani","tag-qatar","tag-saudi-arabia","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"0e178356-3463-40f4-a50b-4b45eb04a13f","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[567721],"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 6 December 2020 - 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\/2020\/12\/06\/what-were-tracking-on-6-december-2020\/\" \/>\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 6 December 2020\" \/>\n<meta property=\"og:description\" content=\"Good morning, nice people, and welcome to another workweek. 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The news dominates front pages across the globe this morning, from the Financial Times to\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567888,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/what-were-tracking-on-10-december-2020\/","url_meta":{"origin":567723,"position":2},"title":"What we\u2019re tracking on 10 December 2020","author":"enterpriseam admin","date":"10 December 2020","format":false,"excerpt":"Good morning, friends. We made it through another week together. There are just 21 days left in 2020, if you \u2014 like us \u2014 are keeping count. *** We\u2019re a bit late this morning because one of our cloud services is glitching this morning. We\u2019ve addressed most of the problem,\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568366,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/28\/what-were-tracking-on-28-december-2020\/","url_meta":{"origin":567723,"position":3},"title":"What we\u2019re tracking on 28 December 2020","author":"enterpriseam admin","date":"28 December 2020","format":false,"excerpt":"It\u2019s t-minus four days until 2021 and New Year-itis is in full effect if the unprecedented volume of out-of-office replies we\u2019re receiving after we dispatch each morning\u2019s edition is anything to go by.The big news at home this morning: The merger of two of the nation\u2019s largest healthcare players \u2014\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560786,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/what-were-tracking-on-14-march-2021\/","url_meta":{"origin":567723,"position":4},"title":"What we\u2019re tracking on 14 March 2021","author":"enterpriseam admin","date":"14 March 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to Sunday. Last week\u2019s run of M&A news continues this morning as Banque Misr successfully closes out its offer to take a 90% stake in CI Capital. Meanwhile, GSK is not selling its Egypt arm to Hikma after talks broke down. We have chapter\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/06\/what-were-tracking-on-6-january-2021\/","url_meta":{"origin":567723,"position":5},"title":"What we\u2019re tracking on 6 January 2021","author":"enterpriseam admin","date":"6 January 2021","format":false,"excerpt":"Merry Christmas to everyone who will be celebrating today and tomorrow \u2014 we wish you a beautiful, relaxing day with family and friends. Banks and the EGX are closing their doors tomorrow in observance of the national holiday, the Central Bank of Egypt and EGX said. 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