{"id":572916,"date":"2020-07-14T04:15:18","date_gmt":"2020-07-14T04:15:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/what-were-tracking-on-14-july-2020\/"},"modified":"2020-07-14T04:15:18","modified_gmt":"2020-07-14T04:15:18","slug":"what-were-tracking-on-14-july-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/what-were-tracking-on-14-july-2020\/","title":{"rendered":"What we\u2019re tracking on 14 July 2020"},"content":{"rendered":"

It\u2019s a busy but unremarkable morning for news here in Omm El Donia<\/strong>, with no single story dominating the front pages as corporate Egypt looks ahead to two long weekends starting next week and MPs pine for summer vacation. (It doesn\u2019t hurt that lots of you nice people out there appear to be WFH from \u2026 Sahel and Sokhna and, even in this heat, Gouna. Good on you. We\u2019ll hold down the concrete jungle in your absence.)<\/p>\n

It\u2019s set to be an action-packed week in the House next week <\/strong>with several pieces of major legislation up for a final vote in the general assembly. The Banking Act<\/a>, amendments to the Public Enterprises Act<\/a>, temporary legislation to apply the 1% \u2018corona tax\u2019 on salaries<\/a>, the new Customs Act<\/a>, the Unified Tax Act<\/a>, and the temporary tax settlement legislation<\/a> are among the bills up for a final vote, according to Al Mal<\/a>.<\/p>\n

Feeling like easing into the workday? Start with <\/strong>It\u2019s 2022. What does life look like?<\/a><\/strong> by David Leonhardt for the New York Times. It\u2019s an NYC-centric piece, but the questions he asks \/ predictions he makes have global resonance.<\/p>\n

Thinking about how to make remote work \u2026 work until fall? Or year\u2019s end? <\/strong>Go read this interview with Matt Mullenweg, whose company built WordPress, the software that runs an ungodly chunk of the interwebs: An evangelist for remote work sees the rest of the world catch on.<\/a><\/p>\n

Do you hate your day job? Or have you just outgrown it? <\/strong>Find inspiration here: Career<\/a>Reboot: How an architect ended up directing at Nickelodeon.<\/a> Job switching isn\u2019t just for 30-year-olds: Maybe you need to take a midlife gap year<\/a><\/strong> to sort things out? Because it really never is too late to start a brilliant career<\/a>.<\/p>\n

Setting out as an entrepreneur is fundamentally an act of optimism <\/strong>\u2014 and nowhere is that clearer than news yesterday that GAFI registered 15% more companies in June 2020 than in the same month last year, the agency said in a statement (pdf)<\/a>.<\/p>\n

\n

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

The Health Ministry <\/strong>confirmed<\/a><\/strong> 77 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 3,935. Egypt has now disclosed a total of 83,001 confirmed cases of covid-19, after the ministry reported 931 new infections yesterday<\/strong>. We now have a total of 24,975 cases who have fully recovered.<\/p>\n

How much do the Ruskies want a beach vacation (including in Egypt)? Enough to<\/strong> go through a 14-hour detour<\/strong> through Belarus, which gives them a loophole through the Russian government\u2019s ban on foreign travel, Bloomberg<\/a> reports. Belarus\u2019 restrictions are far more relaxed than are Russia\u2019s, pushing droves of Russians to drive 715 km from Moscow to Minsk, where they can then fly out to any destination. Egypt and Turkey have proved particularly popular for package holiday bookings, with one Minsk-based tour operator saying that all flights to the two countries out of Belarus \u201care booked solid beyond mid-July.\u201d Charter flights have been allowed to land<\/a> in the Red Sea, South Sinai, and Matrouh since 1 July.<\/p>\n

Wizz Air will operate three flights per week starting between Alexandria and Milan <\/strong>from <\/strong>17 September,<\/strong> said Seif Bahgat<\/a>, CEO of New Star Aviation Services, the local agent for the airline.<\/p>\n

Some more emergency covid-19 funding might be heading our way from Europe:<\/strong> The National Bank of Egypt is seeking an EUR 800 mn loan from the European Investment Bank for on-lending to SMEs and midcaps, to provide them with support during the covid-19 crisis, according to the bank\u2019s website<\/a>.<\/p>\n

ON THE GLOBAL FRONT-<\/strong><\/p>\n

Sunday was the worst day of the global crisis yet:<\/strong> More than 230k fresh cases of covid-19 were reported globally on Sunday, surpassing the previous record of 228k cases set last Friday<\/a>, according to the World Health Organization<\/a>. Global cases have now surpassed 13 mn<\/strong>, according to the Johns Hopkins University\u2019s corona tracker.<\/p>\n

California has performed a screeching U-turn on its reopening plans as new cases and <\/strong>deaths continue to surge.<\/strong> The governor yesterday ordered bars and indoor operations of restaurants and theaters to close just a few weeks after they had begun reopening their doors, the Wall Street Journal<\/a> reports.<\/p>\n

Unsurprisingly, the WHO is hardly a ray of sunshine right now:<\/strong> \u201cLet me be blunt, too many countries are headed in the wrong direction, the virus remains public enemy number one,\u201d WHO director-general Tedros Adhanom Ghebreysus said at a briefing yesterday<\/a>. \u201cIf the basics are not followed, there is only one way this pandemic is going to go \u2014 it is going to get worse and worse and worse.\u201d<\/strong><\/p>\n

BAD NEWS? Recovered covid-19 patients may start to lose virus immunity in a matter of months<\/strong> making them susceptible to infection once again, a new King\u2019s College study suggests, according to the Guardian<\/a>.<\/p>\n

\"enterprise\"<\/a>Enjoy a memorable summer with Somabay\u2019s exclusive dining experience built around family atmosphere and love to deliver exceptional service at every step of your journey.<\/p>\n

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

The Fed\u2019s blowing bubbles to save the US from corona calamity:<\/strong> The Federal Reserve\u2019s injection of USD 3 tn into the markets is fuelling speculative bubbles in stocks, bonds and IPO valuations, Reuters<\/a> reports.<\/p>\n

Coinbase could become first US crypto IPO:<\/strong> Cryptocurrency exchange Coinbase is preparing to go public in the US, in the process becoming the first US crypto firm to IPO, Reuters<\/a> reports, citing three sources familiar with the matter. The listing could come as soon as this year, the sources said, adding that the company has not yet told regulators of its intention to go public.<\/p>\n

Bankers have taken nearly USD 6 bn out of Lebanon,<\/strong> circumventing capital controls put in place by the government last year to protect the financial system, Alain Bifani, former head of the Finance Ministry, told the Financial Times<\/a>.<\/p>\n

UAE will launch a spacecraft named Hope Probe to Mars tomorrow<\/strong> that will travel 60 mn kms across space to arrive at its destination next year, the National<\/a> reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s a busy but unremarkable morning for news here in Omm El Donia, with no single story dominating the front pages as corporate Egypt looks ahead to two long weekends starting next week and MPs pine for summer vacation. (It doesn\u2019t hurt that lots of you nice people out there appear to be WFH from […]<\/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":[107,72,716,336,9292,345,1728,527,1744,671,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572916","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-covid-19","tag-enterpriseam","tag-iran","tag-italy","tag-mars","tag-mena","tag-mexico","tag-pandemic","tag-scientific-research","tag-space","tag-uae","wpautop","entry"],"acf":{"mongo_id":"68376401-1e48-45c7-b1a1-5c3ab424d408","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[572914],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 14 July 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\/07\/14\/what-were-tracking-on-14-july-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 14 July 2020\" \/>\n<meta property=\"og:description\" content=\"It\u2019s a busy but unremarkable morning for news here in Omm El Donia, with no single story dominating the front pages as corporate Egypt looks ahead to two long weekends starting next week and MPs pine for summer vacation. 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The House Planning and Budgeting Committee is due to complete its review of the proposed Auctions and Tenders Act by Tuesday, 24 April.","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":623325,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/what-were-tracking-this-week-and-beyond-77\/","url_meta":{"origin":572916,"position":1},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"28 October 2018","format":false,"excerpt":"The draft SMEs Act is expected to be made public within a week, SMEs Development Authority head Nevine Gamea said on Wednesday, according to Al Mal. The draft law sets out incentives \u2014 mainly in the form of services and subsidized access to finance \u2014 for owners of micro-, small-\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642929,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/what-were-tracking-this-week-145\/","url_meta":{"origin":572916,"position":2},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"27 August 2017","format":false,"excerpt":"The Ismail cabinet could review the Universal Healthcare Act sometime this week, as it plans to have the legislation presented to the House of Representatives and issued by September.","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":648398,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/what-were-tracking-this-week-187\/","url_meta":{"origin":572916,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"3 April 2017","format":false,"excerpt":"Two investment acts, one set of regulations; committee work done by next week? The House of Representatives\u2019 Economic Committee expects to finalize its work on the Investment Act by mid-next week before sending the law over to a plenary session for a vote, committee member Medhat El Sherif tells Al\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":631265,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/what-were-tracking-this-week-47\/","url_meta":{"origin":572916,"position":4},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"14 March 2018","format":false,"excerpt":"The newly appointed board of the Financial Regulatory Authority (FRA) will be ratified in the coming days by Prime Minister Sherif Ismail, sources tell Youm7. Once ratified, the board will begin work on issues including setting the executive regulations of the Capital Markets Act, completing the Insurance Act, and drafting\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":647351,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/what-were-tracking-this-week-173\/","url_meta":{"origin":572916,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"9 May 2017","format":false,"excerpt":"Furniture expo Le March\u00e9 is set to begin on Thursday 11 May and run until 14 May.Prime Minister Sherif Ismail is reportedly heading to Britain on Wednesday along with a group of ministers for a two-day visit. Look for talks on investment and scrapping the remaining travel warnings on Egypt\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/572916","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=572916"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/572916\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/572914"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=572916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=572916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=572916"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=572916"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=572916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}