{"id":569858,"date":"2020-03-10T04:20:14","date_gmt":"2020-03-10T04:20:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/"},"modified":"2020-03-10T04:20:14","modified_gmt":"2020-03-10T04:20:14","slug":"what-were-tracking-on-10-march-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/","title":{"rendered":"What we\u2019re tracking on 10 March 2020"},"content":{"rendered":"

The carnage in the markets yesterday was so bad it is already being referred to as \u201cBlack <\/strong>Monday\u201d in the global business press.<\/strong> Many markets witnessed their biggest single-day drop since the height of the financial crisis back in 2008 and the EGX was off 7.3% at the close after having been down more than 8% earlier in the day. Oil prices, meanwhile, had their worst day since Saddam decided he\u2019d like to own Kuwait. CNBC has a helpful list of all the firsts and worsts here<\/a>.<\/p>\n

THE GOOD NEWS \u2014 Global: Today looks a bit better than yesterday. <\/strong>Heading into dispatch time this morning, Asian markets were mixed (slightly more red than green, but not a disaster), while futures suggest a mixed open in Europe and that the Nasdaq, Dow and S&P will all be in the green at the opening bell. Oil had regained some ground, with Brent up about 6.2% to USD 36.50 \/ bbl.<\/p>\n

<\/a> THE GOOD NEWS \u2014 Egypt: We\u2019re hearing from policymakers, and what they have to say <\/strong>makes sense. <\/strong>We spoke overnight with Finance Minister Mohamed Maait and Vice Minister of Finance Ahmed Kouchouk. Like policymakers around the world, they said the ultimate impact of covid-19 on the economy won\u2019t be clear for some time, but that there are headaches to come. The spread of the virus at home and abroad threatens the tourism sector<\/a>, manufacturers will struggle with trade and supply chain disruptions, some spare parts could become scarce, importers face supply challenges, and investors are dealing with redemption calls amid the current global selloff.<\/p>\n

There\u2019s no need to ask the International Monetary Fund for help<\/strong>, Maait said, although the government maintains an open dialogue with both the IMF and the World Bank. Policymakers will be working with both institutions as necessary as they sort through solutions to the challenges that the fallout from covid-19 will present. Maait also telegraphed that Egypt isn\u2019t scrapping plans to diversify its offerings on the global debt market<\/strong>, saying green bonds, sukuk and EGP-denominated bonds (both local and international) remain on the menu. The question, then, is one of timing.<\/p>\n

Some form of stimulus could be on table: <\/strong>The ministry will take emergency measures if needed to mitigate the impact of the outbreak on the Egyptian economy, Maait said, adding that increased public expenditure is an inevitable part of both ensuring public safety and improving public services. The presidency has asked the government to prepare a response plan <\/strong>to ensure the economy stays afloat amid what\u2019s going on now globally, he added.<\/p>\n

Don\u2019t sweat the outflows: <\/strong>Industry sources tell us they have seen outflows from Egyptian treasuries to the tune of USD 2-2.5 bn over the past three weeks as investors buy into safe-haven assets in the face of market volatility. Kouchouk stopped short of putting a number on it, but suggested it is natural to see some in the carry trade trim positions amid a global crisis. He emphasized that the relatively light selling we\u2019ve seen so far isn\u2019t capital flight from Egypt<\/strong>, but investors facing redemption calls or trimming positions here to lock in gains and square off losses in other markets. Foreign investors currently hold about USD 24 bn worth of Egyptian treasuries.<\/p>\n

The ministry may have to reevaluate its GDP growth and budget targets if the crisis <\/strong>lingers<\/strong>, Maait said. The government currently forecasts<\/a> GDP to expand at a 6% clip during the current fiscal year and 6.4% in FY2020-2021 and expects to continue running a 2% primary surplus<\/a> through the next fiscal year<\/p>\n

The Finance Ministry may also have to reassess how quickly it can cut public debt<\/strong>, having earlier set an ambitious target of slashing it to 79% of GDP<\/a> during FY2020-2021. \u201cWe cannot assess whether achieving this goal is possible in the current situation,\u201d Maait said.<\/p>\n

Lower oil prices are a mixed blessing:<\/strong> They give the government more fiscal space, Maait said, but they will also put pressure on FX flows from both remittances and Suez Canal revenues.<\/p>\n

\n

CORONA FACTS OF THE DAY:<\/strong> Global demand for face masks, and the industrial fabric used to make them, is soaring, but health experts don\u2019t recommend wearing a mask<\/a> unless you are sick and need to be out in public, and warn that they are currently in short supply for the health workers who need them while treating infected patients<\/p>\n

IF YOU WATCH NOTHING <\/strong>ELSE TODAY: <\/strong>The very smart Dr. Richard Hatchett talks about the outbreak, saying it\u2019s the scariest outbreak he\u2019s dealt with in a 20-year career. \u201cWar is an appropriate analogy,\u201d he says (watch, runtime: 19:52<\/a>).<\/p>\n

Executives will be judged on how they treat staff and customers <\/strong>during the outbreak, the Financial Times<\/a> warns.<\/p>\n

Be grateful you\u2019re not in Italy: The entire country of 60 mn people is basically on <\/strong>lockdown <\/strong>after the government \u201cordered everyone across the country not to move around other than for work and emergencies, banned all public gatherings and suspended sporting events, including soccer matches,\u201d Reuters<\/a> notes.<\/p>\n

And remember: You can go from infected and relatively \u201cokay\u201d to acute <\/strong>distress very quickly<\/strong>, scientists suggest, noting that there is a \u201ctipping point\u201d before the virus kills<\/a>.<\/p>\n

\"enterprise\"<\/a><\/p>\n

IN NON-CORONA NEWS:<\/strong> The FY2020-2021 budget is due on the president's desk within <\/strong>days:<\/strong> Prime Minister Mostafa Madbouly met with Finance Minister Mohamed Maait to finalize the next fiscal year budget, which should be presented to President Abdel Fattah El Sisi within days, Madbouly said that the new budget will include an unprecedented increase in government investment in a biid to maintain high growth rates, funnel more funding in health and education, and continue shoring up the social safety net.<\/p>\n

It\u2019s also inflation day today: <\/strong>February figures will be out later today. January saw inflation accelerate for the third consecutive month, rising slightly to 7.2% from 7.1% in December. It\u2019s anticipated that supply chain disruptions as a result of covid-19 may drive inflation in some manufactured goods, which some expect will be registered in March and April. We break down these supply chain concerns in today\u2019s Speed Round.<\/p>\n

\n

Sudan prime minister, Abdullah Hamdok, dodged an assassination attempt in Khartoum<\/strong> yesterday. Hamdouk, head of the Sudanese transitional government following the ouster of Omar al-Bashir last year, survived an attack on his convoy in the capital city as it approached the city center, Reuters reports<\/a>.<\/p>\n

\n

PSA- What\u2019s next? It rains frogs?<\/strong> The mercury will ease to a daytime high of 24\u00b0C today from yesterday\u2019s peak, but it\u2019s a prelude to an ugly weekend: Look for a sand storm on Thursday followed by rain, thunder and lightning later in the day<\/strong>, then more showers over both Friday and Saturday. Our favourite weather app agrees with the national weather service\u2019s forecast<\/a>, so you\u2019re forewarned.<\/p>\n","protected":false},"excerpt":{"rendered":"

The carnage in the markets yesterday was so bad it is already being referred to as \u201cBlack Monday\u201d in the global business press. Many markets witnessed their biggest single-day drop since the height of the financial crisis back in 2008 and the EGX was off 7.3% at the close after having been down more than […]<\/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":[782,864,279,2082,107,7106,72,119,277],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569858","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-ahmed-kouchouk","tag-budget-deficit","tag-budget-watch","tag-carry-trade","tag-covid-19","tag-debt","tag-enterpriseam","tag-financial-markets","tag-mohamed-maait","wpautop","entry"],"acf":{"mongo_id":"94280103-171c-4613-9af1-4bf99887c133","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[569856],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 10 March 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\/03\/10\/what-were-tracking-on-10-march-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 10 March 2020\" \/>\n<meta property=\"og:description\" content=\"The carnage in the markets yesterday was so bad it is already being referred to as \u201cBlack Monday\u201d in the global business press. Many markets witnessed their biggest single-day drop since the height of the financial crisis back in 2008 and the EGX was off 7.3% at the close after having been down more than […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-10T04:20:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What we\u2019re tracking on 10 March 2020\",\"datePublished\":\"2020-03-10T04:20:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/\"},\"wordCount\":1134,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg\",\"keywords\":[\"Ahmed Kouchouk\",\"budget deficit\",\"budget watch\",\"carry trade\",\"covid-19\",\"debt\",\"EnterpriseAM\",\"Financial Markets\",\"Mohamed Maait\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/\",\"name\":\"What we\u2019re tracking on 10 March 2020 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg\",\"datePublished\":\"2020-03-10T04:20:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#primaryimage\",\"url\":\"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg\",\"contentUrl\":\"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What we\u2019re tracking on 10 March 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What we\u2019re tracking on 10 March 2020 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/","og_locale":"en_US","og_type":"article","og_title":"What we\u2019re tracking on 10 March 2020","og_description":"The carnage in the markets yesterday was so bad it is already being referred to as \u201cBlack Monday\u201d in the global business press. Many markets witnessed their biggest single-day drop since the height of the financial crisis back in 2008 and the EGX was off 7.3% at the close after having been down more than […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-03-10T04:20:14+00:00","og_image":[{"url":"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"What we\u2019re tracking on 10 March 2020","datePublished":"2020-03-10T04:20:14+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/"},"wordCount":1134,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg","keywords":["Ahmed Kouchouk","budget deficit","budget watch","carry trade","covid-19","debt","EnterpriseAM","Financial Markets","Mohamed Maait"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/","name":"What we\u2019re tracking on 10 March 2020 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg","datePublished":"2020-03-10T04:20:14+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#primaryimage","url":"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg","contentUrl":"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/what-were-tracking-on-10-march-2020\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"What we\u2019re tracking on 10 March 2020"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":546257,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/this-morning-worst-day-for-global-stocks-since-june-2020-its-inflation-day-here-in-egypt\/","url_meta":{"origin":569858,"position":0},"title":"THIS MORNING: Worst day for global stocks since June 2020; It\u2019s inflation day here in Egypt","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"Good morning, friends, and happy hump day. We have a really packed issue for you today, so let\u2019s jump right in: THE BIG STORY EVERYWHERE THIS MORNING- The global market sell-off looks like it is getting serious. Global equities suffered their heaviest one-day losses since June 2020 yesterday. Investors are\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":599173,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/what-were-tracking-on-20-june-2018\/","url_meta":{"origin":569858,"position":1},"title":"What we\u2019re tracking on 20 June 2018","author":"enterpriseam admin","date":"20 June 2019","format":false,"excerpt":"Expect the FY2019-2020 budget debate to dominate the headlines next week. The House of Representatives general assembly will reconvene on Saturday to conclude debate of the FY2019-2020 budget before a vote. Pharos Holding\u2019s annual investor conference (pdf) wraps up today in El Gouna. The two-day event brought together investors, IPO\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":560503,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/02\/what-were-tracking-on-2-march-2021\/","url_meta":{"origin":569858,"position":2},"title":"What we\u2019re tracking on 2 March 2021","author":"enterpriseam admin","date":"2 March 2021","format":false,"excerpt":"Happy hump day, ladies and gentlemen. Get through today and it\u2019s a downhill slide to the weekend.THE BIG STORY AT HOME is the addition of a brand-new IPO to our pipeline this year, with Macro Group Pharma releasing its intention to float overnight. Macro is getting its ducks in 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":599084,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/what-were-tracking-on-18-june-2019\/","url_meta":{"origin":569858,"position":3},"title":"What we\u2019re tracking on 18 June 2019","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"Former president Mohamed Morsi died yesterday, collapsing in court after speaking for some five minutes during his latest trial. He was subsequently declared dead in hospital. We have full coverage in this morning\u2019s Speed Round, below. There\u2019s lots of banking news this morning coming out of the Seamless North Africa\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":561177,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/what-were-tracking-on-29-march-2021\/","url_meta":{"origin":569858,"position":4},"title":"What we\u2019re tracking on 29 March 2021","author":"enterpriseam admin","date":"29 March 2021","format":false,"excerpt":"Good morning, nice people. Mondays are typically the slowest news days of the week, but not so today \u2014 we have plenty going on.IT\u2019S A BIG DAY FOR: Our covid-19 vaccine rollout. Yesterday, we reported that it seems unlikely we\u2019re going to be getting anytime soon the 5 mn of\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":594866,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/what-were-tracking-on-10-september-2019\/","url_meta":{"origin":569858,"position":5},"title":"What we\u2019re tracking on 10 September 2019","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"The news here at home is dominated this morning by the Euromoney Egypt conference, which took place yesterday. Among the noteworthy results from an audience poll at the one-day gathering: A \u201cclear, transparent and fair regulatory structure\u201d was cited as the most important thing for the government to provide to\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\/569858","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=569858"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569858\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569856"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569858"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569858"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}