{"id":573787,"date":"2020-08-18T04:14:24","date_gmt":"2020-08-18T04:14:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/what-were-tracking-on-18-august-2020\/"},"modified":"2020-08-18T04:14:24","modified_gmt":"2020-08-18T04:14:24","slug":"what-were-tracking-on-18-august-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/what-were-tracking-on-18-august-2020\/","title":{"rendered":"What we\u2019re tracking on 18 August 2020"},"content":{"rendered":"

It\u2019s a busy news day on this second-to-last business day of the week<\/strong> \u2014 and we\u2019re really looking forward to that last long weekend of summer after Manpower Minister Mohamed Saafan confirmed yesterday<\/a> that the private sector will take this Thursday off to mark the Islamic New Year.<\/p>\n

Topping the news this morning: <\/strong>Unemployment is up and hundreds of thousands of people have dropped out of the workforce thanks to covid-19 \u2014 but let\u2019s wait until September and October figures come out before we start committing mass seppuku<\/a>. The hope is that these are transient effects of the pandemic, although the collapse of the tourism industry will weigh on numbers for some time to come.<\/p>\n

And the flood of investment and M&A news continues this morning<\/strong> \u2014 unusual for a mid-August day when many in the business community are on the beach (or still have sand in their hair as they prepare the kids for school). We\u2019re taking this as a positive sign about sentiment in our wider community.<\/p>\n

Speaking of school: A shout out this morning to all of the kids at Cairo American <\/strong>College<\/strong>, who are the first students in the country to go back for the 2020-2021 academic year. Be safe, kids.<\/p>\n

And some (potentially) good news for parents of (some) graduating seniors in the UK <\/strong>system: <\/strong>The UK government has decided to abandon an algorithm that lowered students\u2019 predicted grades after their tests were canceled due to covid-19, reports Reuters<\/a>. The decision will affect IGCSE diploma students in Egypt whose grades \u201crely on British assessments,\u201d<\/strong> the newswire notes. The algorithm came under fire for lowering the grades of at least 40% of students. Students will now be given the grade their teachers had predicted for them, without being subject to a curved grading system, the British government said on Monday.<\/p>\n

We\u2019re two weeks away from the month of September \u2014 and, with it, the start of budgeting season. Have you thought about what you want your company to look like in 2021?<\/strong><\/p>\n

The results of last week\u2019s Senate elections are due tomorrow<\/strong>, with any runoffs set for 8-9 September. Voters will elect 200 members of the newly reconstituted upper house of parliament, with the other 100 set to be appointed by the presidency.<\/p>\n

\n

The Health Ministry reported 115 new covid-19 infections yesterday<\/strong>, down from 139 the day before. Egypt has now disclosed a total of 96,590 confirmed cases of covid-19. The ministry also reported 13 new deaths \u2014 the lowest single-day death count since 22 May \u2014 bringing the country\u2019s total death toll to 5,173. We now have a total of 60,651 confirmed cases that have fully recovered.<\/p>\n

Isolation hospitals will continue staffing covid-19 isolation facilities at their current <\/strong>capacity for the next two weeks<\/strong>, with the cabinet\u2019s covid-19 committee set to reassess the situation at the beginning of next month, cabinet said in a statement<\/a> yesterday. The committee is also preparing plans for how to handle a potential second wave of infections<\/strong>, the statement said, without providing further details.<\/p>\n

Mosques across the country could resume Friday prayers soon <\/strong>if a proposal from the Endowments Ministry wins Cabinet approval. The ministry will present to the cabinet\u2019s covid-19 committee its plan to gradually allow worshippers to attend mass Friday at its next meeting, Minister Mokhtar Gomaa said, according to a statement<\/a>. The statement does not clarify whether the ministry has a proposed start date for the resumption of the prayers, or what the plan would entail.<\/p>\n

Digital healthcare platform <\/strong>Altibbi<\/a><\/strong> has received some 20k calls a day through its<\/strong> covid-19 hotline launched in May<\/strong>, the company said in a statement (pdf)<\/a> yesterday. Launched through a PPP with the Supreme Council of Universities, the number has connected Egyptians to 1.1k doctors who have answered enquiries about the covid-19 outbreak.<\/p>\n

enterprise<\/a>Inspired by nature to combine utmost comfort with a world of unparalleled privacy, Mesca\u2019s signature design-led luxury hotel is an elegant amphitheater of sea, sky and sand, redefining waterfront hospitality on the Red Sea.<\/p>\n

The kickoff of the Democratic national convention in the United States leads headlines <\/strong>across the pond<\/strong> this morning. We\u2019ll be following a mix of the New York Times<\/a>, Politico<\/a> and Axios<\/a> on this story. The official website for the Dems\u2019 first-ever convention is here<\/a>. The even runs through Thursday, which is when we\u2019re looking forward to Crooked Media\u2019s Pod Save America<\/a> episode on Thursday night, live from the convention<\/a>, as part of the pre-show that will ultimately include Biden\u2019s acceptance speech and a string of speeches by party luminaries. For political junkies: The full convention schedule is here<\/a>.<\/p>\n

The FT is all over the \u201cdecoupling\u201d of the global economy from Chinese manufacturing<\/strong>, with columnist Gideon Rachman writing yesterday that \u201cbusiness logic has been replaced by strategic rivalry<\/a>\u201d and suggesting that \u201ccountries and companies [around the world] are unlikely to be able to stay on the sidelines\u201d as the US and China clash. Rachman was writing as a new study suggests that China\u2019s share of global exports is falling<\/a> as corporations re-think their supply chains in the wake of the pandemic \u2014 and amid the ongoing US-China trade war.<\/p>\n

Will Bahrain and Sudan be the next regional countries to recognize Israel? <\/strong>That\u2019s the suggestion from Israel\u2019s intelligence minister, who suggested that Morocco could also be on the list and that \u201cOman and Saudi Arabia could potentially follow suit,\u201d Bloomberg<\/a> reports. The UAE established diplomatic ties with Israel less than a week ago and the two countries signed yesterday a second medical research and development accord yesterday, the Abu Dhabi Government Media Office said yesterday<\/a>. Tel Aviv is also working on arranging direct flights to the Emirates, which would have to pass through Saudi airspace, Prime Minister Benjamin Netanyahu said, according to Bloomberg<\/a>.<\/p>\n

Google is threatening to charge Australians to search the internet<\/strong> if lawmakers pass a bill that would force tech companies to compensate media outlets for siphoned news content, according to The Associated Press<\/a>.<\/p>\n

Miss the sounds of the office during WFH?<\/strong> Berlin-based Kids Creative Agency<\/a> created a WFH website that generates all the sounds you hear while working at the office. Imisstheoffice.eu<\/a>. Think of it as a white noise generator on steroids, offering keyboards clacking, noisy printers, chatting colleagues and water coolers directly into your headphones. You can even choose how many colleagues are in your digital office to make it even more realistic. Want to know more? The Verge<\/a> wrote a feature on the website.<\/p>\n

Uber wants to be your errand-runner:<\/strong> The company has launched a delivery service called Connect in Egypt, the company announced in a statement (pdf)<\/a>. The feature enables app users to send packages to friends and family, and request drivers to pick up deliveries from nearby stores. Egypt is the first country in the MENA region to roll out the new service.<\/strong><\/p>\n

\n

*** WE\u2019RE HIRING:<\/strong> We\u2019re looking for smart and talented people to join our team at Enterprise, which produces the newsletter you\u2019re reading right now and Making It, our very first podcast. We offer the chance to work in a unique and casual work environment that promises to be intellectually challenging and rewarding. Enterprise is currently in the market for:<\/p>\n

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    It\u2019s a busy news day on this second-to-last business day of the week \u2014 and we\u2019re really looking forward to that last long weekend of summer after Manpower Minister Mohamed Saafan confirmed yesterday that the private sector will take this Thursday off to mark the Islamic New Year. Topping the news this morning: Unemployment is […]<\/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":[855,1766,72,647,1143,5718,527,149,414],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573787","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-australia","tag-endowments-ministry","tag-enterpriseam","tag-facebook","tag-google","tag-mukhtar-gomaa","tag-pandemic","tag-religion","tag-south-korea","wpautop","entry"],"acf":{"mongo_id":"e23ea673-c214-4ecb-ae2e-3a72f70182b1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[573785],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 18 August 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\/08\/18\/what-were-tracking-on-18-august-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 18 August 2020\" \/>\n<meta property=\"og:description\" content=\"It\u2019s a busy news day on this second-to-last business day of the week \u2014 and we\u2019re really looking forward to that last long weekend of summer after Manpower Minister Mohamed Saafan confirmed yesterday that the private sector will take this Thursday off to mark the Islamic New Year. 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We\u2019d like to wish our readers a very happy New Year. This will be our final issue of Enterprise for 2017. The banking sector and EGX are officially off this coming Monday in observance of the first day of the New Year, state news\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":647351,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/what-were-tracking-this-week-173\/","url_meta":{"origin":573787,"position":3},"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":[]},{"id":642765,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/big-day-for-global-ma-on-monday-21-august-2017\/","url_meta":{"origin":573787,"position":4},"title":"Big day for global M&A on Monday, 21 August 2017","author":"enterpriseam admin","date":"22 August 2017","format":false,"excerpt":"Finally: Yesterday was a big day for global M&A: China\u2019s Great Wall is causing paroxysms among some in Middle America with its confirmation that it\u2019s definitely in the mood to acquire Jeep maker Fiat-Chrysler (Reuters | Financial times), while Total bought Maersk\u2019s oil division in a USD 5 bn transaction\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":641877,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/01\/what-were-tracking-this-week-134\/","url_meta":{"origin":573787,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"1 August 2017","format":false,"excerpt":"Foreign Minister Sameh Shoukry will be heading to Khartoum on Wednesday at the head of a high-ranking delegation set to meet with a number of Sudanese officials, Al Shorouk reports, citing Sudan\u2019s Foreign Ministry spokesperson Qaribullah Khedr. We\u2019re expecting Khartoum\u2019s ban on Egyptian agricultural imports to feature heavily in discussions.\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\/573787","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=573787"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573787\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/573785"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=573787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=573787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=573787"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=573787"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=573787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}