{"id":572179,"date":"2020-06-15T04:22:11","date_gmt":"2020-06-15T04:22:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/what-were-tracking-on-15-june-2020\/"},"modified":"2020-06-15T04:22:11","modified_gmt":"2020-06-15T04:22:11","slug":"what-were-tracking-on-15-june-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/what-were-tracking-on-15-june-2020\/","title":{"rendered":"What we\u2019re tracking on 15 June 2020"},"content":{"rendered":"

We\u2019re not sure where we\u2019d go \u2014 or who would have us \u2014 but commercial flights are set<\/strong> to resume on 1 July <\/strong>and this makes us very happy. Regularly scheduled flights will be allowed anywhere in the country airlines operate, but charter flights will be confined to three prime tourism destinations in a move designed to balance risk nationwide. We have the full rundown in this morning\u2019s Speed Round, below.<\/p>\n

A balanced approach to risk is smart <\/strong>given the experience of countries that rushed reopening: India<\/a> and the United States<\/a> are now struggling with infection spikes (prompting New York<\/a> and Houston<\/a> to mull reimposing lockdowns) and China<\/a> (which had a very strict lockdown in many areas) is seeing a large cluster of infections in the capital city. Europe is easing border controls today but isn\u2019t allowing folks to travel freely just yet<\/a>, and Japan denied it is easing its entry ban<\/a>.<\/p>\n

Your daily dose of optimism: Morgan Stanley is doubling down on the notion of a <\/strong>sharp,<\/a><\/strong><\/a><\/strong>V-shaped recovery<\/a><\/strong>, citing \u201crecent upside surprises in growth data and policy action\u201d that have led it to conclude the global economy \u201cis in a new expansion cycle and output will return to pre-coronavirus crisis levels by the fourth quarter.\u201d<\/p>\n

With a chaser of pessimism: Asian markets are in the red in early trading<\/strong> this morning and futures at dispatch time suggest European and US shares will follow suit. What\u2019s going on? The Financial<\/a>Times expects we could be looking at a volatile week ahead as markets get their heads around the fact that the global economy is hurting, while the Wall Street Journal<\/a> quotes famed money manager Jeremy Grantham as saying that \u201cthe current market seems lost in one-sided optimism.\u201d<\/strong><\/p>\n

Don\u2019t worry, though. The folks who speculate on the outcome of sports contests<\/strong> have entered the market to <\/strong>save us all. <\/strong>Nope. We\u2019re not kidding. A good chunk of the rally in recent months may be attributable to folks who usually put money on the outcome of NBA and NFL games deciding they\u2019d like to try their hands at day trading given professional sports has been shut down, the New York Times<\/a> suggests. PT Barnum probably never said the words, but\u2026 (Also: Sorry for not using the verb for what those folks do with their money, but the algorithms that decide whether we make it into your inbox don\u2019t like that\u2026)<\/p>\n

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*** IT\u2019S YOUR LAST CHANCE to tell us how much you love (or hate) e-learning.<\/strong> The Madbouly government signaled this week that e-learning could be on the menu again this fall \u2014 by itself or as part of a hybrid approach. Tell us how e-learning is working out in your household<\/a><\/strong> in a poll for our weekly Blackboard focus on education. As is our custom, we\u2019ll draw the names of three respondents who will receive an Enterprise mug and a bag of our favorite coffee from our friends at 30 North. Tap or click here to take the survey.<\/a><\/strong> It\u2019s quick and painless, we promise and the poll closes tonight.<\/strong><\/p>\n<\/div>\n

\n

COVID-19 IN EGYPT-<\/strong><\/p>\n

<\/a> The Health Ministry <\/strong>confirmed<\/a><\/strong> a new daily record of 91 new deaths from covid-19<\/strong> yesterday<\/strong>, bringing the country\u2019s total death toll to 1,575. Egypt has now disclosed a total of 44,598 confirmed cases of covid-19, after the ministry reported 1,618 new infections yesterday. We now have a total of 13,332 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 11,931 have fully recovered.<\/p>\n

Two more doctors have passed away: <\/strong>Cardiologist Nabil Nessim<\/a> and ophthalmology specialist Amira Mounir<\/a> were the latest to die from complications of covid-19. The total number of physicians that have died of the illness has now reached 60, the local press<\/a> reports.<\/p>\n

Youth Minister Ashraf Sobhi will announce plans to reopen sporting clubs and youth<\/strong> centers at a press conference today<\/strong>, according to Al Shorouk<\/a>. The Madbouly Cabinet\u2019s most recent extension<\/a> of lockdown measures will see these establishments closed at least until the end of the month, but they\u2019re allowed to accept membership applications and payments as of today.<\/p>\n

EvaPharma lands license to manufacture, distribute remdesivir: <\/strong>EvaPharma has signed an agreement with Gilead Sciences granting it a license to manufacture and market remdesivir, an antiviral medication which has been said to shorten recovery times, a source from the company said<\/a>. The US pharma giant has given distribution rights to pharma companies in 127 countries<\/a>, including Egypt. Egypt ordered a shipment of the medication last month<\/a> after both the US and Japan approved its use for covid-19. Gilead and EvaPharma announced a partnership<\/a> a little over a year ago to use Egypt as a manufacturing and distribution hub for Africa.<\/p>\n

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

EGYPT BEYOND COVID- <\/strong><\/p>\n

House pushes budget discussion:<\/strong> Lawmakers will discuss the House Planning and Budgeting Committee\u2019s report on the draft budget FY2020-2021 at a later plenary session, House Speaker Abdel Aal said on Sunday, according to the local press<\/a>. Next Sunday's general assembly will vote on a bill governing parliament, and discussions on the draft law and another to constitute the Senate as an upper house of parliament \u2014 approved by the House Legislative Committee<\/a> last week \u2014 will be completed within three days.<\/p>\n

AND THE REST OF THE WORLD- <\/strong><\/p>\n

Saudi mortgage finance player plans MENA\u2019s first pandemic IPO: <\/strong>Saudi\u2019s Amlak<\/a>International for Real Estate Finance<\/a> is planning what would be the first initial public offering in the Middle East since the covid-19 pandemic knocked the region\u2019s financial markets, says Bloomberg<\/a>. The sharia-compliant home financier is set to begin the book-building process next Monday, which will be the first in the kingdom since healthcare provider Sulaiman Al Habib listed in February<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019re not sure where we\u2019d go \u2014 or who would have us \u2014 but commercial flights are set to resume on 1 July and this makes us very happy. Regularly scheduled flights will be allowed anywhere in the country airlines operate, but charter flights will be confined to three prime tourism destinations in a move […]<\/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":[271,107,1953,93,72,7115,274,272,349,685,527,427,9317,219,392,537,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572179","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-central-bank-of-egypt","tag-covid-19","tag-eastern-mediterranean-gas-forum","tag-energy","tag-enterpriseam","tag-healthcare","tag-house-of-representatives","tag-imf","tag-interest-rates","tag-kuwait","tag-pandemic","tag-pharma","tag-planning-and-budgeting-committee","tag-saudi-arabia","tag-senate","tag-spain","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"2d35d122-b90d-47b5-90b7-c70e5d3b0261","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[572177],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 15 June 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\/06\/15\/what-were-tracking-on-15-june-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 15 June 2020\" \/>\n<meta property=\"og:description\" content=\"We\u2019re not sure where we\u2019d go \u2014 or who would have us \u2014 but commercial flights are set to resume on 1 July and this makes us very happy. 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The return of charter flights, which Russia announced last month, comes after Russian President Vladimir Putin finally lifted his country\u2019s six-year ban on direct flights between Russia and Egypt\u2019s\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/393.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574074,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/egypts-reliance-on-tourism-weighs-on-economic-vulnerability-report\/","url_meta":{"origin":572179,"position":1},"title":"Egypt\u2019s reliance on tourism weighs on economic vulnerability -report","author":"enterpriseam admin","date":"30 August 2020","format":false,"excerpt":"Egypt\u2019s economy faces \u201cintermediate risk\u201d from covid because of its reliance on tourism, the European Investment Bank (EIB) said in its Economic Vulnerability Index report (pdf). That places us among the 63% of all middle-income countries who face that level of risk. \u201cThe pandemic and restrictions on the movement of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/233.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564257,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/say-it-isnt-so-part-ii\/","url_meta":{"origin":572179,"position":2},"title":"Say it isn\u2019t so, part II","author":"enterpriseam admin","date":"19 August 2021","format":false,"excerpt":"Benefits of the return of Russian tourists will be muted \u2014 for now, says Capital Economics: While the return of direct flights between Russia and Egypt\u2019s resorts will give Egypt\u2019s tourism some much needed reprieve, any economic benefits from the move \u201cwill be limited,\u201d Capital Economics said in a report\u2026","rel":"","context":"In "SPEED ROUND: TOURISM"","block_context":{"text":"SPEED ROUND: TOURISM","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562747,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/goodbye-brits-hello-russians\/","url_meta":{"origin":572179,"position":3},"title":"Goodbye, Brits. Hello, Russians?","author":"enterpriseam admin","date":"6 June 2021","format":false,"excerpt":"We\u2019re not likely to see a lot of UK tourists arriving in Egypt anytime soon: Egypt is among seven countries moving to Britain\u2019s \u201cred list\u201d on 8 June, meaning travellers entering the UK from Egypt will be required to quarantine at their own expense for 10 days in a government\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/65.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563768,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/a-watchful-eye\/","url_meta":{"origin":572179,"position":4},"title":"A watchful eye","author":"enterpriseam admin","date":"15 July 2021","format":false,"excerpt":"Russia wants to keep a close eye on Egypt after allowing Red Sea flights to resume: Russia is proposing to set up a Russian-Egyptian group that will conduct \u201cround-the-clock monitoring\u201d of the situation in Egypt to protect Russian tourists, Russian news agency Tass reports. The idea has been put forward\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563597,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/egypt-to-repatriate-citizens-stranded-in-uae\/","url_meta":{"origin":572179,"position":5},"title":"Egypt to repatriate citizens stranded in UAE","author":"enterpriseam admin","date":"8 July 2021","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: Egypt is arranging for the return of Egyptians stranded in the UAE to Cairo due to their inability to travel back to Saudi Arabia, which suspended flights with the UAE last week. Some 1.26k Egyptians have so far asked to return\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"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\/572179","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=572179"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/572179\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/572177"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=572179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=572179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=572179"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=572179"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=572179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}