{"id":567971,"date":"2020-12-14T04:03:40","date_gmt":"2020-12-14T04:03:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/what-were-tracking-on-14-december-2020\/"},"modified":"2020-12-14T04:03:40","modified_gmt":"2020-12-14T04:03:40","slug":"what-were-tracking-on-14-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/what-were-tracking-on-14-december-2020\/","title":{"rendered":"What we\u2019re tracking on 14 December 2020"},"content":{"rendered":"<p><strong>Good morning, friends, and welcome to an unusually busy Monday <\/strong>in which we have plenty of corporate news to keep you entertained on your morning commute, whether that\u2019s across the hall or across the city.<\/p>\n<p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong>The final results for parliamentary elections held in Cairo and 12 other governorates will be announced today.<\/p>\n<p>(We said 11 other governorates yesterday, but that was apparently because we decided Dakahlia should go missing. Our apologies for accidentally disenfranchising all Dakahlians.)<\/p>\n<p><strong>The US electoral college votes today <\/strong>and looks set to deliver Agent Orange \u201ca withering blow to his increasingly hopeless effort to overturn the results of the US presidential election when 538 members of the electoral college cast their ballots and formally send Joe Biden to the White House,\u201d <a href=\"https:\/\/www.theguardian.com\/us-news\/2020\/dec\/13\/us-election-electoral-college-vote-biden-trump\">the Guardian<\/a> reports.<\/p>\n<p><strong>It\u2019s vaccine day in the US of A <\/strong>as wide distribution of the Pfizer \/ BioNTech vaccine begins nationwide following the FDA\u2019s emergency approval. <a href=\"https:\/\/apnews.com\/article\/pandemics-coronavirus-pandemic-0437add2a9245e1f9c57e04e085c6cbc\">The Associated Press<\/a> has the story.<\/p>\n<p><strong>That has the tinfoil hat brigade muttering <\/strong>about fundamental changes to human DNA and \u201ctoxic metals in vaccines that literally make our bodies into an antenna for 5G\u201d wireless signals that will somehow benefit Bill Gates and allow him to biometrically monitor us all, among other things. We\u2019re not joking \u2014 a viral video on the subject (to which we won\u2019t be linking) has gotten a second lease on life in the past couple of days. Don\u2019t bother trying to set recipients straight \u2014 <a href=\"https:\/\/www.youtube.com\/watch?v=sFOGBeLPUnY\">just send them this video to watch<\/a>.<\/p>\n<p><strong>NOT HAPPENING TODAY- A post-Brexit trade pact. <\/strong>But neither have talks melted down: The UK and the EU have pushed the deadline to strike a post-Brexit trade agreement, asking their negotiators to \u201cgo the extra mile,\u201d European Commission President Ursula Von der Leyen and UK Prime Minister Boris Johnson said in a joint statement (<a href=\"https:\/\/www.bbc.com\/news\/uk-politics-55292890\">BBC<\/a> | <a href=\"https:\/\/news.sky.com\/story\/brexit-trade-talks-to-continue-after-uk-and-eu-negotiators-make-progress-12159935\">Sky News<\/a>). The issue now boils down to creating a \u201clevel playing field\u201d on regulation, <a href=\"https:\/\/www.ft.com\/content\/10a2e4b4-3a32-4c1a-a48a-75a35960cffd\">the Financial Times<\/a> reports. <strong>The new deadline for an agreement is 31 December <\/strong>in this chapter of The NeverEnding Story Part XXCVII.<\/p>\n<p><strong>In the meantime, investors have <\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/fa786784-f60f-43a7-b0e0-71382dcddc82\">pulled<\/a><\/strong><strong> some USD 42 bn <\/strong>from UK-exposed funds since the Brexit referendum.<\/p>\n<p><strong>Egypt will co-chair a UN Support Mission in Libya (UNSMIL) technical <\/strong><strong>meeting today and tomorrow <\/strong>alongside the US and the EU. On the agenda: Discussing possible economic policy reforms with Libya's main financial institutions, according to a <a href=\"https:\/\/unsmil.unmissions.org\/unsmil-convene-technical-meeting-agree-critical-reforms-libyan-economy?fbclid=IwAR3P1dpNQD4fSZTJOWW0hSgwoXmsvkpO2870P271dLHGG21jt7UedwEusDc\">UNSMIL statement<\/a>. The meeting will convene in the UN Office in Geneva.<\/p>\n<p><strong>Expect to see a flurry of energy news tomorrow<\/strong> as <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/396768\/Business\/Economy\/AlAhram-to-launch-th-edition-of-energyfocused-conf.aspxElectricity?fbclid=IwAR3ZSGJyBXzTjO870-aXE5rw2WzxZVko7iC6_QimbAe8CpsgJi6H_18MY_g\">Al Ahram\u2019s annual energy conference<\/a> gets underway today.<\/p>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The House of Representatives will reconvene from its fall recess tomorrow. <\/strong>Look for MPs to have their noses to the grindstone until our next class of elected representatives is seated in the new year.<\/p>\n<p><strong>The US Federal Open Market Committee<\/strong> kicks off its two-day policy meeting tomorrow to review interest rates. US policymakers are expected to expand a USD 120 bn per month bond-buying program <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35e6ef99-0cd7-49b6-8c5f-a164d1bdd1ec\">launched<\/a> at the onset of the pandemic to maintain recovery momentum, senior economists and policy watchers said, according to <a href=\"https:\/\/www.ft.com\/content\/28db9e0a-9b6b-4e95-99e6-615ffcbdbaf8\">the Financial Times<\/a>. An extension would make it harder to walk back and would mean easy monetary policy for years ahead, complementing a promise to keep interest rates at close to zero until inflation exceeds 2% and the economy achieves full employment.<\/p>\n<p><strong>Germany is set to enter a nearly month-long hard lockdown on Wednesday<\/strong>, the <a href=\"https:\/\/www.ft.com\/content\/99327e7b-4d58-40c4-9957-dd8fd92a6da7\">Financial Times<\/a> reports. All schools and shops will be closed and private gatherings of more than five people banned until at least 10 January, with a slight relaxing of restrictions between 24 and 26 December to allow for Christmas gatherings.<\/p>\n<p><strong>The Central Bank of Egypt\u2019s Monetary Policy Committee<\/strong> meets a week from Thursday for the final time in 2020 to review interest rates.<\/p>\n<p><strong>Indonesia, Russia, the Philippines and Mexico all look set to leave rates on hold <\/strong>as at least 10 EM central banks are set to make decisions in the coming weeks. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-13\/emerging-markets-look-to-vaccine-rollout-stimulus-for-next-spur?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg has a solid rundown.<\/a><\/p>\n<p><strong>Ethiopia and Sudan are <\/strong><strong><a href=\"https:\/\/www.reuters.com\/article\/idUSKBN28N0CN\">talking GERD<\/a><\/strong><strong> next week<\/strong>, but it\u2019s not clear whether Egypt is invited to the sit-down. Sudan has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de9ff00f-8f74-455f-9e89-06cb20d091bf\">opted out<\/a> of talks for now.<\/p>\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<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><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>START THIS BUSINESS- An old folks\u2019 home. <\/strong>Yes, our population is ridiculously young. It\u2019s also ridiculously large, which makes the absolute number of folks over the age of 65 equivalent to the population of a small European nation. And there are just about zero services catering to the needs of seniors. From retirement communities to homecare and long-term care facilities, both the olds among us and their Gen X and Millennial children \/ grandchildren are going to need help, sooner or later. Even KSA is ahead of us in this, as <a href=\"https:\/\/ent.news\/2020\/12\/Overview-of-KSA-LTC-Rehabilitation-and-Home-Care-Sector.pdf\">a piece by Colliers on the market there (pdf)<\/a> reminded us yesterday.<\/p>\n<p><strong>SIGN OF THE TIMES- Inexpensive tracker funds are outperforming private equity <\/strong>in developed markets, <a href=\"https:\/\/www.ft.com\/content\/0640d664-083e-4439-8fe4-faa06eee6e17\">the FT<\/a> writes. Read the underlying study <a href=\"https:\/\/joi.pm-research.com\/content\/30\/1\/67\">here<\/a>.<\/p>\n<p><strong>Meet the new \u201ccoach class\u201d:<\/strong> Low airplane prices (thanks, collapsing tourism market) and skyrocketing demand for e-commerce have created a boom market for <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-airlines-freight\/falling-plane-values-e-commerce-rise-fuels-boom-in-converting-passenger-planes-to-freighters-idUSKBN28O02U?il=0\">converting airliners into cargo aircraft<\/a>.<\/p>\n<p><strong>Anyone over the age of 30 will feel nostalgia <\/strong>watching this <a href=\"https:\/\/twitter.com\/bell\/status\/1334895834048192512?s=12\">Bell Canada holiday ad<\/a>, no matter where you grew up.<\/p>\n<p><strong>Prolific spy thriller author John le Carr\u00e9 has died at the age of 89. <\/strong>Obits are everywhere, from the <a href=\"https:\/\/www.nytimes.com\/2020\/12\/13\/books\/john-le-carre-dead.html\">New York Times<\/a> to <a href=\"https:\/\/www.ft.com\/content\/fc211dc1-f404-4b70-9588-b1fae7e94ec0\">the FT<\/a> and <a href=\"https:\/\/www.wsj.com\/articles\/master-spy-writer-john-le-carre-dies-at-89-11607900604\">the Journal<\/a>. The SIGN OF THE TIMES here? The obit writers are at pains to note that he did <em>not <\/em>die of covid-19.<\/p>\n<p class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise.<\/p>\n<p><strong>WE\u2019RE DOING SOMETHING DIFFERENT THIS MONTH- <\/strong>It\u2019s been a little over a year since we published our first issue of Blackboard \u2013 and what a year it has been. So, we decided to reflect on the ups and downs of the education sector during this exceptionally turbulent year, in a special two-part Blackboard Year in Review. In part 1, we look at how covid-19 drove changes in the sector and how despite this, education proved a defensive sector, with equities staging a rapid comeback and CAPEX investment remaining strong.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends, and welcome to an unusually busy Monday in which we have plenty of corporate news to keep you entertained on your morning commute, whether that\u2019s across the hall or across the city. WHAT\u2019S HAPPENING TODAY- The final results for parliamentary elections held in Cairo and 12 other governorates will be announced today. [&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":[72,146,117,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567971","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-pfizer","tag-us","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"5158c56c-6dab-4d11-8027-63f8373656cc","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[567969],"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 14 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\/14\/what-were-tracking-on-14-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 14 December 2020\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and welcome to an unusually busy Monday in which we have plenty of corporate news to keep you entertained on your morning commute, whether that\u2019s across the hall or across the city. WHAT\u2019S HAPPENING TODAY- The final results for parliamentary elections held in Cairo and 12 other governorates will be announced today. 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WHAT\u2019S HAPPENING TODAY- The final results for parliamentary elections held in Cairo and 12 other governorates will be announced today. 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It\u2019s the largest quarterly survey of senior execs doing business here and of the folks who invest in them, and it won\u2019t take more than a couple of minutes to complete unless you\u2019d\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":634082,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/what-were-tracking-on-04-january-2018\/","url_meta":{"origin":567971,"position":1},"title":"What we\u2019re tracking on 04 January 2018","author":"enterpriseam admin","date":"4 January 2018","format":false,"excerpt":"We\u2019re in for a long weekend. Sunday is an official holiday for the public and private sectors in observance of Coptic Christmas, as confirmed by the cabinet and central bank. We\u2019d like to wish everyone a Merry Christmas. We\u2019ll be announcing the results of our end-of-year survey next week. We\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":645744,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/what-were-tracking-on-30-july-2017\/","url_meta":{"origin":567971,"position":2},"title":"What we\u2019re tracking on 30 July 2017","author":"enterpriseam admin","date":"30 July 2017","format":false,"excerpt":"It\u2019s a packed issue this morning, so just a handful of notes to get us underway today:Bakers across the country are in a state of panic with the looming end of flour subsidies on Tuesday, 1 August. The Supply Ministry announced over the weekend the newly approved bread subsidy system;\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":604604,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/what-were-tracking-on-9-december-2018\/","url_meta":{"origin":567971,"position":3},"title":"What we\u2019re tracking on 9 December 2018","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"It\u2019s shaping up to be another busy week as 2018 roars to a close and as those among us saddled with strategy and budget responsibility scramble to finish up their work. News triggers this week: The Africa 2018 conference ends today. 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You\u2019ll want to pay close attention to the news on Thursday morning, though \u2014 what better time for corporations\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":630829,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/what-were-tracking-on-04-march-2018\/","url_meta":{"origin":567971,"position":5},"title":"What we\u2019re tracking on 04 March 2018","author":"enterpriseam admin","date":"4 March 2018","format":false,"excerpt":"Saudi Crown Prince Mohammed bin Salman arrives in Cairo today for a three-day visit, during which he will meet President Abdel Fattah El Sisi, Ittihadiya spokesman Bassam Rady confirmed over the weekend. 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