{"id":568434,"date":"2020-12-30T03:27:38","date_gmt":"2020-12-30T03:27:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/30\/what-were-tracking-on-30-december-2020\/"},"modified":"2020-12-30T03:27:38","modified_gmt":"2020-12-30T03:27:38","slug":"what-were-tracking-on-30-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/30\/what-were-tracking-on-30-december-2020\/","title":{"rendered":"What we\u2019re tracking on 30 December 2020"},"content":{"rendered":"

Well, friends \u2014 we made it through 2020 together. <\/strong>Most of us here haven\u2019t seen each other since early March, when we went fully WFH, and trust us: The honor of writing you all each morning is one of the things that has kept us going in this ridiculous year.<\/p>\n

Thank you for starting your morning with us <\/strong>each workday, whether you do so on email or on the web.<\/p>\n

Thank you for writing to us<\/strong> with story ideas, corrections and random musings \u2014 your notes keep us going and remind us daily that we\u2019re writing to very smart, very engaged people who care passionately about business and the country in which we are all privileged to live.<\/p>\n

And thank you to our advertisers<\/strong>, whose steadfast support allows us to continue producing Enterprise each day without charge. If you enjoy Enterprise, please give a tip of your (metaphorical) hat to the great people at CIB, Pharos, Sodic, Somabay, Orascom Construction and CIRA.<\/p>\n

Today is our last \u201cnormal\u201d issue of the year<\/strong>, and it\u2019s a blockbuster for finance nerds as we look back at 2020 and ahead to what\u2019s coming in \u201821 on three key fronts: equity capital markets, M&A and investment<\/strong>. We\u2019re all going to sleep in a little bit tomorrow, but you\u2019ll find the January 2021 issue of Your Wealth in your inboxes instead to keep you company. We\u2019ll be back at our customary 6am on Sunday. <\/strong><\/p>\n

WHAT\u2019S HAPPENING TODAY- <\/strong><\/p>\n

We are still none the wiser whether tomorrow will<\/strong> be a day off for banks.<\/strong> The central bank and EGX have yet to announce if Thursday is a bank holiday, as New Year\u2019s Day falls on a Friday. Banks with December-January fiscal years are typically shuttered on 1 January to close their books. Look for an announcement this afternoon if there\u2019s going to be one.<\/p>\n

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The Health Ministry <\/strong>reported<\/a><\/strong> 1,333 new covid-19 infections yesterday<\/strong>, down from 1,359 the day before \u2014 the first time our daily reported cases have dipped since 28 October. The ministry also reported 54 new deaths, bringing the country\u2019s total death toll to 7,520.<\/p>\n

No, we\u2019re not getting another curfew (at least not yet).<\/strong> Cabinet denied yesterday<\/a> that it is moving to re-impose the nighttime curfew after a recording of the curfew announcement from earlier this year went viral.<\/p>\n

What\u2019s really happening: Failing to comply with a covid restriction will get you a fine <\/strong>starting<\/strong> Sunday.<\/strong> The nation\u2019s talking heads reminded viewers that people not wearing masks in public venues and on public transport will be ordered to pay a EGP 50 fine on the spot \u2014 and made sure to point to the rapidly rising case count (Ramy Radwan on Masaa DMC | watch, runtime: 4:40<\/a> and Lobna Assal on Al Hayah Al Youm | watch, runtime: 1:15<\/a>).<\/p>\n

SILVER LINING- The new covid-19 variant apparently does not cause more severe cases<\/strong> of the disease<\/strong>, nor does it have a higher mortality rate, a study from Public Health England found, according to the Financial Times<\/a>. The study also didn\u2019t find a statistically significant increase in the likelihood of reinfection from the new, more transmissible strain.<\/p>\n

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Meanwhile: <\/strong>China is struggling to get the world to trust its vaccines<\/a><\/strong>, Bloomberg writes. The big issue? A lack of transparency: \u201cThere has been little information about how Chinese vaccines have fared in final-stage clinical trials, with just the United Arab Emirates and China itself endorsing the vaccines for emergency use so far. Meanwhile, some U.S. and European companies have published data on the safety and efficacy of their shots and started to deploy them.\u201d<\/p>\n

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Other news you may want to know about this morning:<\/strong><\/p>\n