{"id":569940,"date":"2020-03-12T04:08:39","date_gmt":"2020-03-12T04:08:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/"},"modified":"2020-03-12T04:08:39","modified_gmt":"2020-03-12T04:08:39","slug":"what-were-tracking-on-thursday-12-march-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/","title":{"rendered":"What we\u2019re tracking on Thursday, 12 March 2020"},"content":{"rendered":"<p><strong>What, you thought a little bit of rain <\/strong>(or the whiff of the apocalypse in the air)<strong> would keep us <\/strong><strong>out of your inboxes?<\/strong><\/p>\n<p><strong>Businesses, government, banks and the EGX are all closed today thanks to fears of <\/strong><strong>inclement weather<\/strong>, according to statements by the central bank, <a href=\"https:\/\/www.egx.com.eg\/ar\/NewsDetails.aspx?NewsID=195554\">the EGX<\/a> and <a href=\"http:\/\/bit.ly\/39JVOx4\">the cabinet.<\/a> Thursday had been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53c0d7d0-151a-48df-b575-95825930be9d\">declared<\/a> a school holiday earlier this week after the national weather service said that sandstorms and heavy rains would hit the country today. With the press and policymakers invoking the specter of the , the government has declared an emergency and set up operation rooms in every governorate nationwide, Local Development Minister Mahmoud Shaarawy <a href=\"https:\/\/bit.ly\/2vcXZu5\">said at a press conference picked up by Youm 7.<\/a><\/p>\n<p><strong>Rain began in the capital city a little after midnight <\/strong>and is intermittent in the People\u2019s Democratic Republic of Maadi as we hurtle toward our dispatch deadline this morning. Twitter tells us the rain near dispatch time is heavy in El Wahat, moderate in Sheikh Zayed and light in Cairo.<\/p>\n<p><strong>The weather service says we could still see heavy rainfall: <\/strong>We could see total rainfall of more than 45 mm in Cairo (more than last October), and 70 mm in Matrouh and other points on the North Coast.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>While you were sleeping, things got more than a little nutty on the covid-19 front: <\/strong>Flights between Europe and the US are suspended, shops across Italy are closed and Asian stocks and US futures are tanking: We may have found a new winner for the worst day of covid-19 yet.<\/p>\n<p><strong>The World Health Organization (WHO) has <\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2020\/03\/11\/who-declares-the-coronavirus-outbreak-a-global-pandemic.html\">officially declared<\/a><\/strong><strong> the covid-19 outbreak a <\/strong><strong>global pandemic<\/strong>. \u201cIn the days and weeks ahead, we expect to see the number of cases, the number of deaths and the number of affected countries to climb even higher,\u201d WHO Director-General Tedros Adhanom Ghebreyesus said. <a href=\"https:\/\/www.worldometers.info\/coronavirus\/\">More than 126k people worldwide<\/a> have now tested positive for the virus, with 4.6k having died as a result and 67k having recovered. You can <a href=\"https:\/\/www.facebook.com\/WHO\/photos\/a.167668209945237\/2976138219098208\/?type=3&theater\">read the WHO\u2019s statement here<\/a>.<\/p>\n<p><strong>The United States has <\/strong><strong><a href=\"https:\/\/www.nytimes.com\/2020\/03\/11\/us\/politics\/trump-coronavirus-speech.html\">banned flights<\/a><\/strong><strong> to Europe for a 30-day period starting on Friday at <\/strong><strong>11:59pm<\/strong>, with only aircraft heading to the UK exempted. Oil prices plunged nearly 6% in the minutes after the announcement. There\u2019s more:<\/p>\n<ul>\n<li>The US has issued a travel warning <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-usa-travel\/u-s-advises-citizens-to-reconsider-travel-abroad-due-to-coronavirus-idUSKBN20Z0FH\">urging its citizens not to leave the country<\/a>;<\/li>\n<li>The NBA has <a href=\"https:\/\/www.reuters.com\/article\/us-basketball-nba\/nba-suspends-season-after-utah-jazz-player-tests-positive-for-coronavirus-idUSKBN20Z07V\">cancelled its season<\/a>;<\/li>\n<li>Italy has ordered <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-11\/conte-says-italy-will-remain-open-only-for-essential-services\">all shops and restaurants<\/a> across the country to close;<\/li>\n<li>Germany\u2019s Angela Merkel said <a href=\"https:\/\/www.bbc.com\/news\/world-us-canada-51835856\">up to 70% of Germany could become infected<\/a>;<\/li>\n<li>The actor <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-hanks\/tom-hanks-wife-rita-wilson-test-positive-for-coronavirus-in-australia-idUSKBN20Z061\">Tom Hanks<\/a> announced that he and his wife have tested positive for covid-19 in Australia.<\/li>\n<\/ul>\n<p><strong>The flight ban leads the front pages <\/strong>of news sites the world over this morning.<\/p>\n<p><strong>Markets are tanking in the wake of the flight ban. <\/strong>Asian markets including Japan, Hong Kong and China are down anywhere 2-4% at the moment and futures point to a heavy sell-off when markets open in Europe and the United States today. This comes after the <strong>Dow entered <\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2020\/03\/11\/futures-are-steady-wednesday-night-after-dow-closes-in-bear-market-traders-await-trump.html\">bear territory<\/a><\/strong><strong> yesterday<\/strong>, defined as 20% down from its record high in February. US markets all closed deeply in the red yesterday, while the EGX was down 0.1% as it erased at the close the gains it had made earlier in the day<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>HERE AT HOME: We now have 67 total recorded cases in Egypt, after another eight <\/strong><strong>patients tested positive<\/strong>, including seven Egyptians and one foreigner, <a href=\"http:\/\/bit.ly\/33h3Mv9\">the Health Ministry said in a statement<\/a>. Each is apparently a case of community transmission. Meanwhile, Egypt reported one patient has officially recovered after receiving medical care, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53c0d7d0-151a-48df-b575-95825930be9d\">joining 26 others<\/a> who did the same earlier this week.<\/p>\n<p><strong>The Education Ministry has suspended some extracurricular activities at schools<\/strong> as a precaution, a <a href=\"http:\/\/bit.ly\/2Q9OoLE\">cabinet statement<\/a> said without elaborating. In a <a href=\"https:\/\/www.masrawy.com\/news\/education-schooleducation\/details\/2020\/3\/11\/1740975\/%D9%85%D8%A7-%D8%A7%D9%84%D8%A3%D9%86%D8%B4%D8%B7%D8%A9-%D8%A7%D9%84%D8%AA%D9%8A-%D9%82%D8%B1%D8%B1%D8%AA-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D8%B9%D9%84%D9%8A%D9%85-%D8%AA%D8%B9%D9%84%D9%8A%D9%82%D9%87%D8%A7-%D8%A8%D8%A7%D9%84%D9%85%D8%AF%D8%A7%D8%B3-%D8%B7%D8%A7%D8%B1%D9%82-%D8%B4%D9%88%D9%82%D9%8A-%D9%8A%D9%88%D8%B6%D8%AD\">clarification to Masrawy<\/a>, Education Minister Tarek Shawky said the ministry was referring to after school physical education, music and computer science programs, which are on hold as part of the ban on large gatherings. <strong>Friday prayers are still expected to take place tomorrow.<\/strong><\/p>\n<p><strong>Face masks are being distributed to Cairo metro workers and passengers at peak times,<\/strong> and authorities are undertaking extra cleaning efforts, <a href=\"http:\/\/english.ahram.org.eg\/News\/365140.aspx\">Ahram Online reports<\/a>.<\/p>\n<p><strong>Cityscape Egypt <\/strong><strong><a href=\"https:\/\/www.cityscapeegypt.com\/en\/visitor-zone\/Cityscape-Egypt-Event-Update.html\">announced<\/a><\/strong><strong> it is pushing back its 18 March real estate exhibition<\/strong> and will reschedule for a date later this year.<\/p>\n<p><strong>Health insurance providers in Egypt may not pay out in case of infection or death<\/strong> if covid-19 is declared a pandemic, <a href=\"https:\/\/bit.ly\/2Q5xeim\">Misr Life Insurance Chairman Ahmed Abdel Aziz told Al Mal.<\/a> The story was filed just before the WHO declared that the virus is, indeed, now pandemic.<\/p>\n<p><strong>We are seeing a spate of new cases abroad that have connections to Egypt. <\/strong>Nine travelers from a Hong Kong tour group that <a href=\"https:\/\/www.scmp.com\/news\/hong-kong\/health-environment\/article\/3074607\/coronavirus-cathay-pacific-flight-attendant-among\">recently visited Egypt<\/a> and their guide have either been infected or tested preliminarily positive for the virus. And in Iowa, five new cases of the illness were identified on Tuesday evening, with all of those affected having been together on a cruise in Egypt. Seven existing covid-19 cases in Iowa were individuals who had been on the same cruise, <a href=\"https:\/\/www.iowapublicradio.org\/post\/iowa-identifies-five-more-covid-19-cases-linked-egypt-cruise#stream\/0\">local media reports<\/a>.<\/p>\n<p><strong>Egypt is now the sixth-largest connection to covid-19 cases in the US<\/strong>, according to data from the <a href=\"https:\/\/www.nytimes.com\/interactive\/2020\/us\/coronavirus-us-cases.html\">New York Times<\/a>.<\/p>\n<p><strong>We\u2019re need to start asking ourselves whether (and when) we can start working from <\/strong><strong>home<\/strong> as \u201cflattening the curve\u201d through extreme \u201csocial distancing\u201d (no hugs, no work from the office, no shops and malls) may be the only thing that prevents the widespread transmission of covid-19. <a href=\"https:\/\/www.statnews.com\/2020\/03\/11\/flattening-curve-coronavirus\/\">Check out this piece from Stat\u2019s excellent Helen Branswell<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>Across Africa, fears of a rapid spread of the virus abound.<\/strong> The continent is home to 16% of the world\u2019s population but only 1% of global healthcare spending, and resources to tackle an outbreak are scarce, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-11\/africa-s-struggling-health-care-systems-brace-for-coronavirus?sref=mmeFTDW1\">according to Bloomberg<\/a>. The<a href=\"https:\/\/blogs.imf.org\/2020\/03\/04\/potential-impact-of-the-coronavirus-epidemic-what-we-know-and-what-we-can-do\/\">IMF has pledged<\/a> to make USD 10 bn available at zero interest to help poor countries fight the illness, and the <a href=\"https:\/\/www.afro.who.int\/health-topics\/coronavirus-covid-19\">WHO has supplied<\/a> testing equipment and training across the continent. Crowded urban areas, a low doctor-patient ratio and a lack of resources are reasons to be concerned.<\/p>\n<p><strong>A rare note of positivity:<\/strong> In Wuhan \u2014 the Chinese city that was the epicenter of the pandemic \u2014 workers in critical sectors are being allowed to return to work following President Xi Jinping\u2019s visit on Tuesday, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-china\/some-in-wuhan-told-to-go-back-to-work-as-new-coronavirus-cases-subside-in-china-idUSKBN20Y03W\">Reuters reports<\/a>. Other regions in the country have since also lowered emergency response levels and eased travel restrictions.<\/p>\n<p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/Hauser-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/a><\/p>\n<p><strong>P<\/strong><strong>olicymakers <\/strong><strong>around the world are sounding the rallying cry to avert a global recession:<\/strong> The UK government and Bank of England yesterday announced coordinated stimulus measures in a bid to mitigate the effects of covid-19 on the UK economy. <a href=\"https:\/\/www.ft.com\/content\/4e60c08e-6380-11ea-b3f3-fe4680ea68b5\">The BOE followed the US Federal Reserve in making an emergency 50 bps rate cut<\/a>, and announced cheap funding for the banking sector, a freeze on bank dividends and lowered capital requirements. In the government\u2019s annual budget statement, UK Chancellor Rishi Sunak announced <a href=\"https:\/\/www.bbc.co.uk\/news\/uk-politics-51835306\">a GBP 30 bn (c. USD 39 bn) fiscal stimulus package<\/a>, GBP 12 bn of which will be allocated to fighting covid-19 and at least GBP 5 bn for the National Health Service.<\/p>\n<p><strong>A model for other central banks to follow -El Erian:<\/strong> The always-on-point Mohamed El Erian <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2020-03-11\/coronavirus-bank-of-england-and-u-k-set-example-for-response?srnd=opinion&sref=mmeFTDW1\">writes for Bloomberg<\/a> that the UK\u2019s twin responses of monetary and fiscal stimulus \u201cset an important example for other central banks\u201d for how to manage the crisis. The large fiscal stimulus package, the decision to increase coordination between the Bank of England and the Treasury and new central bank measures to support small businesses \u201care part of the necessary comprehensive response\u201d that should be replicated around the world, he writes.<\/p>\n<p><strong>The <\/strong><strong>ECB is very likely to follow suit this afternoon when it meets to decide rates:<\/strong> ECB boss Christine Lagarde signaled that the central bank will be taking steps that would take into account all possible tools to shore up the bloc\u2019s economy, especially measures to support liquidity and access to credit \u2014 including providing \u201csuper-cheap\u201d funding, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-11\/ecb-s-lagarde-warns-of-2008-style-crisis-without-urgent-action?sref=mmeFTDW1\">Bloomberg<\/a>. Lagarde warned that the world facesa crisis not unlike the 2008 financial crash if policymakers don\u2019t start working on a coordinated response.<\/p>\n<p><strong>Bank of Japan to take easing to new extremes:<\/strong> The BOJ will likely greenlight further stimulus measures when it meets next week, taking its hyper-easing strategy to new levels. Interest rates are at negative 0.1% and the bank already holds <a href=\"https:\/\/www.reuters.com\/article\/japan-stocks-boj\/rpt-boj-credibility-at-risk-as-its-stock-portfolio-on-verge-of-losses-idUSL4N2B40DJ\">USD 279 bn in stocks on its books<\/a>, but <a href=\"https:\/\/www.reuters.com\/article\/japan-economy-boj\/rpt-update-1-boj-likely-to-ease-policy-in-bid-to-bolster-sentiment-sources-say-idUSL4N2B45LV\">sources told Reuters<\/a> that one of the measures the bank could take is ramping purchases of ETFs.<\/p>\n<p><strong>All eyes on the Fed next Wednesday: <\/strong><a href=\"https:\/\/www.cnbc.com\/2020\/03\/06\/the-market-now-sees-the-fed-cutting-by-75-basis-points-in-march.html\">Traders expect<\/a> the Fed to cut rates by another 75 bps to just 0.25-0.5% when it meets on 17-18 March.<\/p>\n<p><strong>Where does Egypt stand? <\/strong>Analysts are split on what the CBE would do when it meets on 2 April after inflation <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14366c65-7c0c-43c2-9323-5220a775c9fa\">slowed down<\/a> in February, beating most expectations. Those in favor of a rate cut argue that policymakers will make protecting economic activity a priority, considering moves being taken by other central banks.<\/p>\n<p><strong>Others forecast that the Central Bank of Egypt will maintain rates,<\/strong> citing pressure on Egypt\u2019s three key sources of foreign currency \u2014 tourism income, remittances from Egyptians abroad, and foreign inflows into government debt. \u201cWe expect the CBE to pause the easing cycle as it waits to assess the new threats to both the Egyptian and the global economic performance,\u201d Pharos Holding said in a research note yesterday. Pharos believes the CBE can\u2019t afford to cut rates, despite global monetary easing \u2014 high rates will keep the carry trade here and ease pressure on the EGP.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>Saudi ratchets up oil price war: <\/strong>Saudi Aramco announced yesterday that it would raise its output capacity to 13 mn bbl\/day, up from the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53c0d7d0-151a-48df-b575-95825930be9d\">record 12.3 mn bbl\/d it already<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53c0d7d0-151a-48df-b575-95825930be9d\">announced this week<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-11\/aramco-will-boost-oil-output-capacity-to-13-million-barrels-day?srnd=premium-middle-east&sref=mmeFTDW1\">striking another blow<\/a> in the country\u2019s ongoing oil price war with Russia. Aramco didn\u2019t say when the capacity increase would take place, but analysts have said it may take years and require bns in investment.<\/p>\n<p><strong>The news <\/strong><strong><a href=\"https:\/\/www.wsj.com\/articles\/saudi-arabia-to-boost-oil-output-even-further-11583911022?mod=hp_lead_pos4\">sent the price<\/a><\/strong><strong> of Brent crude plummeting 3.2% to USD 36.04 bbl.<\/strong> Aramco\u2019s share price was also down 0.32% yesterday, having dropped 4.8% since last week.<\/p>\n<p><strong>Putin pushes legislation to keep himself in power until 2036: <\/strong>Russia's lower house of parliament approved on Wednesday a constitutional amendment that would allow President Vladimir Putin to stay in power until 2036, <a href=\"https:\/\/www.wsj.com\/articles\/putin-backs-proposal-paving-way-for-new-presidential-term-11583848309\">according to The Wall Street Journal<\/a>, giving him a 36-year run in the position. The proposal was put forth by MP Valentina Tereshkova and quickly embraced by Putin who says that Russia \u201chas had enough revolutions\u201d and his prolonged rule would guarantee internal stability.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/gulfnews.com\/sport\/uae-sport\/egyptian-couple-make-guinness-record-as-squash-world-champions-1.70283746\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/Squash-couple-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/a><\/p>\n<p><strong>Egyptian couple get Guinness World Record as married squash world champions<\/strong>: Tarek Momen, 32, and Raneem El Welily, 31, have been recognized as the \u2018first married couple to become squash world champions\u2019 bagging a Guiness World Record for Egypt, <a href=\"https:\/\/gulfnews.com\/sport\/uae-sport\/egyptian-couple-make-guinness-record-as-squash-world-champions-1.70283746\">according to Gulf News<\/a>. Momen won the 2019-20 Professional Squash Association men\u2019s world champion trophy last November while El Welily won the 2017 women\u2019s World Open winner and topped the world rankings in September 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What, you thought a little bit of rain (or the whiff of the apocalypse in the air) would keep us out of your inboxes? Businesses, government, banks and the EGX are all closed today thanks to fears of inclement weather, according to statements by the central bank, the EGX and the cabinet. Thursday had been [&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":[107,72,7115,724,70],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569940","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-covid-19","tag-enterpriseam","tag-healthcare","tag-monetary-policy","tag-schools","wpautop","entry"],"acf":{"mongo_id":"223d1491-f67f-4582-8a68-b1bf5c58df6e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[569938],"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 Thursday, 12 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\/12\/what-were-tracking-on-thursday-12-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 Thursday, 12 March 2020\" \/>\n<meta property=\"og:description\" content=\"What, you thought a little bit of rain (or the whiff of the apocalypse in the air) would keep us out of your inboxes? Businesses, government, banks and the EGX are all closed today thanks to fears of inclement weather, according to statements by the central bank, the EGX and the cabinet. Thursday had been [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-12T04:08:39+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=\"9 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\/12\/what-were-tracking-on-thursday-12-march-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What we\u2019re tracking on Thursday, 12 March 2020\",\"datePublished\":\"2020-03-12T04:08:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/\"},\"wordCount\":1821,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg\",\"keywords\":[\"covid-19\",\"EnterpriseAM\",\"healthcare\",\"monetary policy\",\"Schools\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/\",\"name\":\"What we\u2019re tracking on Thursday, 12 March 2020 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg\",\"datePublished\":\"2020-03-12T04:08:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-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\/12\/what-were-tracking-on-thursday-12-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 Thursday, 12 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 Thursday, 12 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\/12\/what-were-tracking-on-thursday-12-march-2020\/","og_locale":"en_US","og_type":"article","og_title":"What we\u2019re tracking on Thursday, 12 March 2020","og_description":"What, you thought a little bit of rain (or the whiff of the apocalypse in the air) would keep us out of your inboxes? Businesses, government, banks and the EGX are all closed today thanks to fears of inclement weather, according to statements by the central bank, the EGX and the cabinet. Thursday had been [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-03-12T04:08:39+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":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"What we\u2019re tracking on Thursday, 12 March 2020","datePublished":"2020-03-12T04:08:39+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/"},"wordCount":1821,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg","keywords":["covid-19","EnterpriseAM","healthcare","monetary policy","Schools"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/","name":"What we\u2019re tracking on Thursday, 12 March 2020 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2020\/3\/Hauser-1600px.jpg","datePublished":"2020-03-12T04:08:39+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-march-2020\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/what-were-tracking-on-thursday-12-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\/12\/what-were-tracking-on-thursday-12-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 Thursday, 12 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":555518,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/this-morning-key-egx-meeting-this-morning-rain-is-coming\/","url_meta":{"origin":569940,"position":0},"title":"THIS MORNING: Key EGX meeting this morning; Rain is coming.","author":"enterpriseam admin","date":"17 November 2021","format":false,"excerpt":"Is it over yet? Earnings season, we mean. The numbers just \u2026 won\u2019t \u2026 stop. IT\u2019S A BIG DAY FOR- The EGX, as regulators meet to discuss some major rule changes. Proposals to reduce trading fees and introduce new caps on margin trading are on the agenda for a meeting\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":625734,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/what-were-tracking-on-14-august-2018\/","url_meta":{"origin":569940,"position":1},"title":"What we\u2019re tracking on 14 August 2018","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"We\u2019re really feeling the summer dearth of stories, and to be honest, it feels like Sahel.The CBE\u2019s Monetary Policy Committee (MPC) is widely expected to keep interest rates on hold when it meets this Thursday. Analysts\u2019 expectations that interest rates will remain unchanged comes despite inflation cooling in July 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":543016,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/this-evening-welcome-etisalat-misr-to-the-pm-issue-thursday-is-off-for-the-public-sector-we-have-our-first-securitization-of-the-year\/","url_meta":{"origin":569940,"position":2},"title":"THIS EVENING: Welcome Etisalat Misr to the PM issue + Thursday is off for the public sector + we have our first securitization of the year","author":"enterpriseam admin","date":"2 January 2022","format":false,"excerpt":"It\u2019s the first EnterprisePM of the year, ladies and gentlemen. Work on this edition was one of the highlights of 2021 for us, and we\u2019re very grateful to you, dear reader, for allowing us to continue doing it. We hope you had as much fun reading it as we\u2019ve had\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563582,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/this-morning-egx-tests-today-un-security-council-to-talk-gerd-today-moscow-is-trying-to-mend-saudi-uae-ties-assassination-of-haitian-president-dominates-global-press\/","url_meta":{"origin":569940,"position":3},"title":"THIS MORNING: EGX tests today; UN Security Council to talk GERD today? Moscow is trying to mend Saudi-UAE ties; Assassination of Haitian president dominates global press.","author":"enterpriseam admin","date":"8 July 2021","format":false,"excerpt":"Happy Thursday, readers \u2014 It appears we\u2019ve reached the pre-Eid news slowdown a week early. With a grand total of one business story, we don\u2019t think it\u2019s an exaggeration to officially crown this issue the slowest of \u201821. Fear not though: You can always count on the GERD and covid\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":569983,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/21-dead-as-dragon-storm-pummels-egypt\/","url_meta":{"origin":569940,"position":4},"title":"21 dead as \u2018Dragon storm\u2019 pummels Egypt","author":"enterpriseam admin","date":"15 March 2020","format":false,"excerpt":"21 people have been reported dead after rain, wind, sand and lightning pummeled the country in what has been dubbed a \u2018dragon storm.\u2019 The downpour on Thursday and Friday caused widespread power outages, travel disruption and infrastructure damage as roads flooded and several buildings collapsed. Ten people died when a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/169.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555592,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/21\/this-morning-abu-auf-expands-to-uae-egx-stimulus-measures-get-mixed-reception-and-bad-weather-shutters-schools-in-10-governorates\/","url_meta":{"origin":569940,"position":5},"title":"THIS MORNING: Abu Auf expands to UAE + EGX stimulus measures get mixed reception and bad weather shutters schools in 10 governorates.","author":"enterpriseam admin","date":"21 November 2021","format":false,"excerpt":"Good morning, friends. We\u2019re enjoying brisk air and a torrent of news on this first day of the workweek, so let\u2019s jump right in. PSA- Your commute to work is going to be significantly easier today \u2014 and you have the rainy weather to thank. Ten governorates have closed schools\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569940","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=569940"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569940\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569938"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569940"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569940"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}