{"id":572996,"date":"2020-07-16T03:55:34","date_gmt":"2020-07-16T03:55:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/what-were-tracking-on-16-july-2020\/"},"modified":"2020-07-16T03:55:34","modified_gmt":"2020-07-16T03:55:34","slug":"what-were-tracking-on-16-july-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/what-were-tracking-on-16-july-2020\/","title":{"rendered":"What we\u2019re tracking on 16 July 2020"},"content":{"rendered":"

Good morning, ladies and gents,<\/strong> and welcome to what will probably be the final Thursday this month that we arrive in your inbox. Next week we\u2019re being treated to a four-day week courtesy of the 23 July Revolution, with Eid Al Adha likely starting the following Thursday on 30 July.<\/p>\n

Looking at the pages of the US press this morning, we\u2019re glad we\u2019re not on the other side of the Atlantic right now.<\/strong> Already comfortably leading the world with 3.5 mn cases, officials in the US are freaking out as cases rise in 41 states. Policymakers are finally getting with the program and beginning to make mask-wearing mandatory<\/a> while local authorities across the country look to restore lockdown restrictions<\/a>. Yikes.<\/p>\n

Also on the front pages as we woke up this morning: Twitter is in crisis mode after hundreds of verified accounts were hacked in an apparent Bitcoin scam.<\/strong> Some of the platform\u2019s most followed personalities \u2014 including Barack Obama, Bill Gates and Kanye West \u2014 became inadvertent promoters for a scam that urged users to send USD 1k to a Bitcoin address. The Verge<\/a> is calling it the \u201cmost catastrophic security breach in company history,\u201d and potentially a \u201cglobal security crisis.\u201d<\/p>\n

\n

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

The Health Ministry <\/strong>confirmed<\/a><\/strong> 59 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 4,067. Egypt has now disclosed a total of 84,843 confirmed cases of covid-19, after the ministry reported 913 new infections yesterday. We now have a total of 26,135 cases who have fully recovered.<\/p>\n

The push continues to keep restaurants open until later:<\/strong> The restaurants division of the Giza Chamber of Commerce is lobbying authorities to have diners and cafeterias in touristic cities stay open until 2am, division head Mohamed Embaby said<\/a>. The division\u2019s push is adding to the chorus of voices from the industry that want the government to reverse its plans to permanently impose a 10pm closing time for restaurants and coffee shops.<\/p>\n

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

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

Barcelona could follow other parts of Catalonia back into lockdown in the coming days,<\/strong> as covid-19 cases rise again in the region, just weeks after the government lifted lockdown restrictions, the Guardian<\/a> reports.<\/p>\n

India has also reimposed lockdown measures<\/strong> after the number of confirmed cases crossed the 1 mn mark, the Associated Press<\/a> reports.<\/p>\n

Israel\u2019s economy is now facing \u201ctremendous damage\u201d after a too-hasty reopening<\/strong> in May caused covid-19 cases to jump<\/strong>, and has since had to reimpose lockdown measures. Israeli-American political analyst Joel Rosenberg points a finger of blame at Prime Minister Benjamin Netanyahu for being \u201cdistracted\u201d by his West Bank annexation plans and leaving the virus to spread again, CNBC<\/a> reports.<\/p>\n

Saudi Arabia, meanwhile, saw a mad rush to stores late last month before the tripling of the <\/strong>country\u2019s VAT rate,<\/strong> a measure taken to stabilize public finances wracked by coronavirus lockdown and low oil prices, says the Financial Times<\/a>.<\/p>\n

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

The Education Ministry will resolve complaints from private school parents over<\/strong> school fees after the end of the ongoing Thanaweya Amma exam period<\/strong>, Masrawy reports<\/a>, quoting a ministry source. School parents have complained that they were made to pay bus fees for the second term of last academic year despite schools moving to online learning. Parents and guardians are also complaining over schools continuing to charge them for canceled on-campus activities, and not providing the option to pay the upcoming year\u2019s tuition fees in installments. Read our Blackboard features (here<\/a> and here<\/a>) for more on the back-and-forth.<\/p>\n

Five new metro stations to open before Eid Al Adha:<\/strong> Authorities will test run five new stations on Metro Line 3 on Saturday ahead of opening before the Eid Al Adha holiday, Al Shorouk<\/a> reports, citing unnamed sources at the Egyptian Co. For Metro Management & Operation. The opening of the stations \u2014 El Nozha, Hisham Barakat, Qobaa, Omar Bin Al Khattab, and El Hekestep stations \u2014 was supposed to happen in April but was delayed after the onset of the coronavirus.<\/p>\n

Google has an AI-driven Hieroglyphics translation tool, <\/strong>Fabricus<\/a><\/strong>, which<\/strong> is now<\/strong> available to the public<\/strong>. The platform allows you to decipher and translate hieroglyphs into Arabic or English and vice versa.<\/p>\n

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

Tunisia is facing political turmoil after Prime Minister Elyes Fakhfakh resigned yesterday<\/strong>, Reuters<\/a> reports. Coming at a time when the government is battling an economic downturn caused by covid-19 and a divided parliament, the need to appoint a new prime minister will further postpone urgently needed economic reforms and make it harder for the country to cope with a potential surge in covid-19 infections.<\/p>\n

WTO needs to pick new leader ASAP, say candidates:<\/strong> Nominees to head the World Trade Organization have called on members to reach a decision quickly so the next leader can quickly address what one described as a \u201cdeep crisis\u201d in the international agency, Reuters<\/a> reports. Eight candidates are in the running to succeed Brazil\u2019s Roberto Azevedo, who will step down a year early at the end of August.<\/p>\n

Apple to hang onto EUR 13 bn after appeal in tax battle with the EU: <\/strong>EU judges have ruled in favor of Apple in an appeal by the tech giant against an order by the European Commission to pay back EUR 13 bn in unpaid taxes and interest to Ireland, Sky News<\/a> reports. In 2016, EU competition commissioner Margrethe Vestager ruled that Dublin had given the tech giant \u201csweetheart\u201d tax treatment for over 10 years, breaching the bloc\u2019s rules on state aid. But in a blow to the commission\u2019s efforts to rein in US tech companies, the EU\u2019s second-highest court said yesterday blocked its order, ruling that it had failed to prove that Apple had been given an economic edge by Irish tax policies.<\/p>\n

The global population may finally start shrinking after 2050<\/strong>, by which time global birth control access and education will reach critical mass, a new study published in the Lancet Journal suggests, according to Bloomberg<\/a>. While fewer humans would be positive for the climate, a shrinking population would actually pose a major challenge to developed countries as production and tax collection would dwindle.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, ladies and gents, and welcome to what will probably be the final Thursday this month that we arrive in your inbox. Next week we\u2019re being treated to a four-day week courtesy of the 23 July Revolution, with Eid Al Adha likely starting the following Thursday on 30 July. Looking at the pages of […]<\/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":[184,3176,107,957,73,72,729,955,219,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572996","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-apple","tag-austerity","tag-covid-19","tag-dispute-watch","tag-education","tag-enterpriseam","tag-european-commission","tag-hospitality","tag-saudi-arabia","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"3ef986dc-7fdf-429f-a2ac-37a078e138b7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[572994],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 16 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\/16\/what-were-tracking-on-16-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 16 July 2020\" \/>\n<meta property=\"og:description\" content=\"Good morning, ladies and gents, and welcome to what will probably be the final Thursday this month that we arrive in your inbox. 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Stay tuned for the Monetary Policy Committee meeting on Thursday to find out. The general expectation is that the committee will leave rates on hold, especially in light of the spike in inflation in July.The Ismail cabinet will look at the\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":646314,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/what-were-tracking-this-week-167\/","url_meta":{"origin":572996,"position":1},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"The stamp tax on capital market transactions could come into effect as early as this week.The House of Representatives will tackle the Labor Act this coming Thursday in a plenary session, while the House Manpower Committee will hold hearings on the Labor Unions Act starting mid-July.The House of Representatives has\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":628033,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/what-were-tracking-this-week-11\/","url_meta":{"origin":572996,"position":2},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"The central bank\u2019s Monetary Policy Committee meets on Thursday, 28 June to decide on interest rates. The IMF\u2019s executive board will meet on 29 June to decide on the fourth USD 2 bn tranche of Egypt\u2019s USD 12 bn extended fund facility. The disbursement, which is expected to arrive in\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":647899,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/23\/what-were-tracking-this-week-182\/","url_meta":{"origin":572996,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"23 May 2017","format":false,"excerpt":"Public service announcement for Giza residents: Water service will be cut for 24 hours from Wednesday to Thursday morning in certain areas of Giza due to construction on the Rod El Farag Axis project, the Holding Company for Water and Wastewater announced yesterday, Al Masry Al Youm reports.","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":644748,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/what-were-tracking-this-week-148\/","url_meta":{"origin":572996,"position":4},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"3 July 2017","format":false,"excerpt":"The Central Bank of Egypt\u2019s Monetary Policy Committee will meet on Thursday, 6 July to review interest rates. The air is still tense at the prospect of another interest rate hike akin to the 200 bps increase in rates in May. Banking sources tell Al Shorouk that the committee will\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":572839,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/what-were-tracking-on-12-july-2020\/","url_meta":{"origin":572996,"position":5},"title":"What we\u2019re tracking on 12 July 2020","author":"enterpriseam admin","date":"12 July 2020","format":false,"excerpt":"Good morning, friends, and welcome to another workweek. Oddly enough, we love writing to you on Sundays, but that\u2019s not why we\u2019re so chipper this morning. So what gives? #1- We have two short weeks coming up. We\u2019re off a week from Thursday in observance of the anniversary of the\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\/572996","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=572996"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/572996\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/572994"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=572996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=572996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=572996"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=572996"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=572996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}