{"id":568170,"date":"2020-12-21T03:34:45","date_gmt":"2020-12-21T03:34:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/what-were-tracking-on-21-december-2020\/"},"modified":"2020-12-21T03:34:45","modified_gmt":"2020-12-21T03:34:45","slug":"what-were-tracking-on-21-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/what-were-tracking-on-21-december-2020\/","title":{"rendered":"What we\u2019re tracking on 21 December 2020"},"content":{"rendered":"

Welcome to the shortest day of the year <\/strong>here in the northern hemisphere, ladies and gentlemen. It\u2019s also the first day of winter \u2014 please consider this your annual reminder that covid-19 or not, Egypt has the best winters in the worlds, hands-down. (Though we\u2019ll confess to missing snow on occasion.)<\/p>\n

Look to the skies tonight at around 5:30pm CLT<\/strong> \u2014 that\u2019s when (unrelated to it being the winter solstice) you\u2019ll have the best chance to see the great conjunction between Saturn and Jupiter. It\u2019s the first time in 800 years the conjunction has happened at night. There are a handful of places around Cairo offering viewing opportunities with telescopes, but you should be able to see it with your naked eye. NASA<\/a>, Space.com<\/a> and Ahram Online<\/a> have more.<\/p>\n

<\/a> THE BIG NEWS OF THE DAY: A new, more transmissible mutant of the coronavirus has <\/strong>countries around the world closing their doors to travelers from the UK. <\/strong>The new strain of the virus is (so far) no more deadly, but is believed to be c. 70% more transmissible \u2014 meaning more people could get it in a shorter period of time, potentially challenging hospital capacity. It has so far been detected in the UK, Belgium and the Netherlands and a close cousin has taken root in South Africa.<\/p>\n

Germany, France, Spain, Italy and Israel have all closed their airspace to travelers from <\/strong>the UK.<\/strong><\/p>\n

Saudi Arabia in the meantime is taking no chances with the new strain<\/strong>, suspending all international flights, as well as closing off all land and sea borders for a week, subject to renewal, according to the Saudi Press Agency<\/a>. Egypt and most other countries in the Arab world have yet to follow suit.<\/p>\n

The story is front-page news everywhere<\/strong> from the New York Times<\/a> to the Financial Times<\/a> and the Wall Street Journal<\/a>.<\/p>\n

Don\u2019t panic. Just wear your damn mask, avoid crowds and wash your hands. <\/strong>Also an antidote: This wonderful Twitter thread on a Canadian Muslim learning how to Christmas<\/a><\/strong>.<\/p>\n

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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

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CIRCLE YOUR CALENDAR-<\/strong><\/p>\n

Egypt could secure <\/strong>EUR 1.1 bn in finance<\/a><\/strong> from the European Investment Bank this <\/strong>week<\/strong>, according to Al Mal<\/a>, which cites unnamed sources saying that the lender and the transport and international cooperation ministries could sign on the dotted line in the coming days. The financing will fund the electrification of the Abu Qir-Alexandria railway, the renovation of the Raml tramline in Alexandria, and an extension to Cairo Metro Line 2.<\/p>\n

It\u2019s interest rate week:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee meets to review rates this Thursday for its final sit-down of the year. All 10 analysts and economists we surveyed<\/a> expect rates to be left unchanged, with some pointing to protecting the carry trade as a key reason the CBE could keep rates on hold.<\/p>\n

The expectation comes as yield-hungry investors are piling into riskier frontier<\/strong> market bonds, including Egypt, Ukraine, Senegal and Belarus<\/strong> after the US Fed signaled its intention to keep rates lower for longer, Bloomberg<\/a> reports. Analysts at HSBC Global and NN Investments tell the business information service they are bullish on frontier markets with a ratings upgrade in the works, or that are benefiting from an IMF program, such as Egypt and Ukraine. With the incoming Biden administration expected to stabilize global trade and vaccine rollouts boding well for an imminent economic recovery, investors are more confident chasing returns of up to 7% in next generation markets as opposed to an average of 4.4% in emerging markets.<\/p>\n

Egypt will officially launch its <\/strong>natural gas transition strategy<\/a><\/strong> at an exhibition in January<\/strong>, according to a cabinet statement<\/a>. The event will encourage local and international companies to locally produce natural gas vehicles, and will be attended by major auto companies operating in Egypt. The date of the expo is yet to be announced.<\/p>\n

enterprise<\/p>\n

*** 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

In today\u2019s issue:<\/strong> Part 2 of our Year in Review looks at how internationalizing higher education became the major policy initiative of 2020. We explore the objectives of the policy, what steps took place this year to bring it about, and what is the likelihood of it improving quality and driving private sector investment and FDI.<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to the shortest day of the year here in the northern hemisphere, ladies and gentlemen. It\u2019s also the first day of winter \u2014 please consider this your annual reminder that covid-19 or not, Egypt has the best winters in the worlds, hands-down. (Though we\u2019ll confess to missing snow on occasion.) Look to the skies […]<\/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":[72,760,443,145,208,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568170","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-european-investment-bank","tag-international-cooperation-ministry","tag-logistics","tag-transport-ministry","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"819db8c1-b365-4be6-84af-8c39c4d27a1b","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[568168],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 21 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\/21\/what-were-tracking-on-21-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 21 December 2020\" \/>\n<meta property=\"og:description\" content=\"Welcome to the shortest day of the year here in the northern hemisphere, ladies and gentlemen. 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Tomorrow is officially off: The stock exchange and the central bank have announced they will close tomorrow in observance of Islamic new year after a Labor Ministry statement noting it would be a national holiday. Happy first day of 1440, y\u2019all, and see you back here\u2026","rel":"","context":"In "What We're Tracking Today"","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":576556,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/30\/what-were-tracking-on-30-november-2020\/","url_meta":{"origin":568170,"position":1},"title":"What we\u2019re tracking on 30 November 2020","author":"enterpriseam admin","date":"30 November 2020","format":false,"excerpt":"Good morning, everyone, and welcome to the last day of November. We\u2019re simultaneously a bit freaked out that the year is ending and anxiously awaiting the end of 2020.Thank you to each and every one of you who wrote in yesterday about our new look. We\u2019re delighted you\u2019re happy \u2014\u2026","rel":"","context":"In "What We're Tracking Today"","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":567765,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/what-were-tracking-on-7-december-2020\/","url_meta":{"origin":568170,"position":2},"title":"What we\u2019re tracking on 7 December 2020","author":"enterpriseam admin","date":"7 December 2020","format":false,"excerpt":"Good morning, friends. It\u2019s an oddly quiet Monday on the global front \u2014 and a busy newsday here at home \u2014 so let\u2019s jump right in: WHAT\u2019S HAPPENING TODAY- President Abdel Fattah El Sisi is meeting today with France\u2019s Emmanuel Macron in Paris, where El Sisi landed yesterday for a\u2026","rel":"","context":"In "What We're Tracking Today"","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":646428,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/what-were-tracking-on-14-june-2017\/","url_meta":{"origin":568170,"position":3},"title":"What we\u2019re tracking on 14 June 2017","author":"enterpriseam admin","date":"14 June 2017","format":false,"excerpt":"We have a domestic investment promotion campaign. The Ministry of Investment\u2019s new national ad campaign kicked off last night, and we\u2019re impressed with the first two copies we\u2019ve seen. The core message of the campaign, which is being run for the ministry by our friends at Tarek Nour Group\u2019s DDB:\u2026","rel":"","context":"In "What We're Tracking Today"","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":652365,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/what-were-tracking-this-week-216\/","url_meta":{"origin":568170,"position":4},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"Ismail to meet investors caught upside down by float: Prime Minister Sherif Ismail is set to meet with a delegation from the Egyptian Union of Investor Associations sometime this week to discuss fallout from the float of the EGP, Ahram Gate reports.Health Ministry to unveil pricing strategy on Thursday: The\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","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":559088,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/what-were-tracking-on-10-january-2021\/","url_meta":{"origin":568170,"position":5},"title":"What we\u2019re tracking on 10 January 2021","author":"enterpriseam admin","date":"10 January 2021","format":false,"excerpt":"Good morning, friends, and welcome to the first \u201creal\u201d workweek of 2021 in which pretty much everyone is back from their break. We have tons of news for you after a busy holiday weekend, so let\u2019s jump right in: Have we passed the second wave? That seems to be what\u2026","rel":"","context":"In "What We're Tracking Today"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=568170"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568170\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/568168"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=568170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=568170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=568170"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=568170"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=568170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}