{"id":574335,"date":"2020-09-07T04:03:55","date_gmt":"2020-09-07T04:03:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/"},"modified":"2020-09-07T04:03:55","modified_gmt":"2020-09-07T04:03:55","slug":"what-were-tracking-on-monday-7-september-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/","title":{"rendered":"What we\u2019re tracking on Monday, 7 September 2020"},"content":{"rendered":"<p><strong>The EGX30 closed yesterday in the red in the first session since last week\u2019s selloff on Wall Street<\/strong><strong>:<\/strong> The index lost 1% during trading yesterday, continuing a poor run of form that has seen it finishing in the red for six consecutive sessions. Trading was moderate, with EGP 1 bn-worth of shares changing hands (about 8% below the trailing 90-day average). The EGX is now one of the worst performing indexes in the region this year, currently down 20.7% year-to-date.<\/p>\n<p><strong>Emerging markets have been feeling the heat of last week\u2019s selloff<\/strong>, with the MSCI emerging markets index falling 2%, the biggest weekly decline since April, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-06\/israeli-shares-extend-drop-ahead-of-decision-on-virus-lockdown?sref=mmeFTDW1\">Bloomberg<\/a>. Exchanges in the Gulf Cooperation Council countries weren\u2019t helped by Friday\u2019s slide in oil prices \u2014 the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-03\/oil-extends-biggest-weekly-drop-since-june-as-demand-woes-return?sref=mmeFTDW1\">biggest weekly fall since June<\/a> \u2014 as Dubai\u2019s key index fell 1.1%, Qatar\u2019s index lost 1.2%, shares in Abu Dhabi dropped 0.6%, and the Saudi Tadawul ended marginally down 0.3%. The US\u2019s biggest indices <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3eee3536-dce6-4332-923d-5ff1d6a4927b\">fell at the tail end of last week<\/a>, with Nasdaq closing down 3.3% for the week on Friday \u2014 its worst single-week performance since March. Tech shares led the selloff in the US.<\/p>\n<p><strong>Asian markets were marginally in the <\/strong><strong>green at the time of dispatch this morning<\/strong>, while futures suggested a mixed open in Europe when the opening bell rings. US markets are closed today for Labor Day.<\/p>\n<p><strong>The US tech industry\u2019s 10 wealthiest people have seen their collective net worth <\/strong><strong>drop <\/strong><strong>USD 44 bn since Thursday <\/strong>as stocks plunged, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-03\/bezos-musk-lead-tech-wealth-retreat-as-44-billion-evaporates\">Bloomberg<\/a>. Amazon\u2019s Jeff Bezos and Tesla\u2019s Elon Musk \u2014 two people who have seen their net worth balloon during the pandemic \u2014 were the biggest losers, seeing their fortunes fall by USD 9 bn and USD 8.5 bn respectively.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>Be on the lookout for foreign reserves figures today<\/strong> and inflation data on Thursday.<\/p>\n<p><strong>We\u2019re heading back to the polls tomorrow <\/strong>to elect 26 seats in a runoff for the Senate.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>The <\/strong><strong>Health Ministry<\/strong> <strong><a href=\"https:\/\/bit.ly\/324tdRG\">reported<\/a><\/strong><strong> 151 new covid-19 infections yesterday<\/strong>, up from 130 the day before. Egypt has now disclosed a total of 99,863 confirmed cases of covid-19. The ministry also reported 19 new deaths, bringing the country\u2019s total death toll to 5,530. We now have a total of 78,108 confirmed cases that have fully recovered.<\/p>\n<p><strong>Flights to Cairo from Moscow will restart in mid-September following a six-month <\/strong><strong>hiatus<\/strong><strong>, <\/strong>flag carrier EgyptAir said in a statement carried by the local press (<a href=\"https:\/\/bit.ly\/3h6vOih\">Al Mal<\/a> | <a href=\"https:\/\/bit.ly\/3i3adZi\">Masrawy<\/a>). The statement follows <a href=\"https:\/\/enterprise.press\/#what-were-tracking-today\">an agreement<\/a> signed with Russian Prime Minister Mikhail Mishustin last week that will see the three weekly trips between Cairo and Russia. Flights will be operated by EgyptAir and Russian flag carrier Aeroflot.<\/p>\n<p><strong>Direct flights to Malta could also resume soon:<\/strong> The restoration of flights between Egypt and Malta was high on the agenda in a meeting between Foreign Minister Sameh Shoukry and his Maltese counterpart Evarist Bartolo yesterday, a Foreign Ministry spokesperson said in <a href=\"https:\/\/bit.ly\/35i98cq\">a statement<\/a>. Shoukry and Bartolo also discussed the situation in Libya and migration across the Mediterranean, the statement said.<\/p>\n<p><strong>The pandemic has seen Europe experience its worst summer tourism season in <\/strong><strong>recent history, and it doesn\u2019t look like it\u2019s going to get better this fall,<\/strong> the <a href=\"https:\/\/apnews.com\/fb7c50340a69f586dfb62835f23ef489\">Associated Press<\/a> reports. \u201cRevenue losses during the first half of 2020 for hotels, restaurants, tour operators, long distance train operators and airlines were roughly 85-90%,\u201d the European Commission said, adding that bookings for September and October are \u201cabnormally low.\u201d<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>KUDOS- <\/strong><strong>Our friends at CIB have won the most nominations of any issuer in Institutional <\/strong><strong>Investor\u2019s <\/strong><strong>2020 Middle East Investor Relations Awards<\/strong> presented with the Middle East Investor Relations Society. <strong>CIB is nominated for the best overall IR program in the Middle East<\/strong> and got a nod in the same category for Egypt. Meanwhile, <strong>CEO Hussein Abaza <\/strong>is in the running for best investor relations by a CEO in the region, while <strong>IRO Yasmine Hemeda<\/strong> snagged a nomination for best IR professional in Egypt.<\/p>\n<p><strong>Two other CEOs served by our parent company, <\/strong><strong><a href=\"http:\/\/www.inktankir.com\">Inktank<\/a><\/strong><strong>, also received nominations in <\/strong><strong>the top IR by a CEO category<\/strong>, including Cleopatra Hospital\u2019s <strong>Ahmed Ezz El-Din<\/strong> and, in Saudi Arabia, <strong>Olivier Nougarou<\/strong> from Arabian Centres.<\/p>\n<p><strong>Other Inktank clients in Egypt earning nominations this year include <\/strong>Cleopatra Hospital\u2019s <strong>Hassan Fikry<\/strong>, EK Holding\u2019s <strong>Haitham Abdel Moneim<\/strong>, and Elsewedy Electric\u2019s <strong>Tarek Yehia<\/strong>, all of whom have been nominated as finalists for best IR professional in Egypt. <strong>Rayan Alkarawi<\/strong> is a nominee in the same category in Saudi Arabia.<\/p>\n<p><strong>Inktank clients in the category of \u201cleading corporate for IR\u201d in Egypt include <\/strong>our friends at <strong>Edita <\/strong><strong>Food Industries<\/strong>, <strong>Cleopatra <\/strong><strong>Hospitals<\/strong> and <strong>EK Holding<\/strong>. In the GCC, we\u2019re pleased to note nominations going to <strong>United Electronics (Extra)<\/strong> and <strong>Arabian Centers<\/strong> in Saudi Arabia and <strong>SICO Bank<\/strong> in Bahrain.<\/p>\n<p><strong>Egyptian companies and professionals took home the most nominations <\/strong>of any national contingent in this year\u2019s ranking.<\/p>\n<p><strong><a href=\"https:\/\/ent.news\/2020\/9\/Institutional-Investor-Middle-East-IR-Awards-2020-Nominees.pdf\">You can check out the full list of nominees here (pdf).<\/a><\/strong> The finalists will be announced 22 and 23 September at a virtual event.<\/p>\n<hr class=\"grey-line\" \/>\n<p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/a><\/p>\n<p><strong>MORE KUDOS- <\/strong><strong><a href=\"https:\/\/www.vezeeta.com\/\">Vezeeta<\/a><\/strong><strong>\u2019s founder and CEO Amir Barsoum has made <\/strong><strong><a href=\"https:\/\/fortune.com\/40-under-40\/2020\/amir-barsoum\/\">Fortunes\u2019 40 under<\/a><\/strong><strong><a href=\"https:\/\/fortune.com\/40-under-40\/2020\/amir-barsoum\/\">40 leaders in Healthcare<\/a><\/strong><strong> list for 2020, <\/strong>recognizing \u201cinfluential game-changers\u201d worldwide. The healthcare platform for researching, rating, and booking appointments with medical professionals is currently available in 50 cities across six countries and is still expanding.<\/p>\n<p><strong>STILL MORE KUDOS- Three Egyptians made it to Forbes\u2019 Middle East <\/strong><strong><a href=\"https:\/\/www.forbesmiddleeast.com\/list\/30-under-30-2020\">30 under 30 list<\/a><\/strong><strong> of <\/strong><strong>Young <\/strong><strong>Innovators Working to Change the Region.<\/strong> First up was founder and CEO of <a href=\"https:\/\/www.byprimehospitality.com\/\">Prime Hospitality<\/a> <strong>Khaled El Sayyad <\/strong>(<a href=\"https:\/\/www.linkedin.com\/in\/khaled-el-sayyad-52a5593b\/?originalSubdomain=eg\">Linkedin<\/a>), who made it to the list for his contributions in the retail and F&B industries. The other two mentions came from the sports and entertainment industry for swimmer <strong>Farida Osman<\/strong> (<a href=\"https:\/\/swimswam.com\/bio\/farida-osman\/\">Bio<\/a>) and <a href=\"https:\/\/yallaeksab.com\/\">Eksab<\/a> CEO and co-founder <strong>Aly Mahmoud<\/strong> (<a href=\"https:\/\/www.linkedin.com\/in\/aly-mahmoud-headofproduct\/?originalSubdomain=ca\">Linkedin<\/a>).<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>US ELECTION WATCH- President Donald Trump continues to fuel hopes of a potential<\/strong> <strong>vaccine release before November<\/strong>, according to <a href=\"https:\/\/www.washingtonpost.com\/politics\/trump-vaccine-election\/2020\/09\/05\/c0da86d6-edf5-11ea-99a1-71343d03bc29_story.html\">the Washington Post<\/a>, which suggests his bid to speed up the process is a way of swaying voter sentiment ahead of the election. Medical experts have been wary of making guarantees with many voicing concerns at the idea of pushing out a vaccine that hasn\u2019t been fully tested.<\/p>\n<p><strong>Biden is maintaining a solid lead over Trump in recent polling:<\/strong> A CBS News poll puts the former VP 10 points clear of the Orange Incumbent at 52% to 42%, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-06\/biden-holds-lead-over-trump-as-support-for-candidates-hardens?srnd=premium&sref=mmeFTDW1\">Bloomberg<\/a> reports.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> We look at the future of the IGCSE system in Egypt following this year\u2019s <a href=\"https:\/\/enterprise.press\/blackboards\/igcse-controversy-hits-egypt-sparking-anger-among-parents\/\">exam<\/a><a href=\"https:\/\/enterprise.press\/blackboards\/igcse-controversy-hits-egypt-sparking-anger-among-parents\/\">fiasco<\/a> which resulted in thousands of students being unfairly penalized by an algorithm used to mark papers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX30 closed yesterday in the red in the first session since last week\u2019s selloff on Wall Street: The index lost 1% during trading yesterday, continuing a poor run of form that has seen it finishing in the red for six consecutive sessions. Trading was moderate, with EGP 1 bn-worth of shares changing hands (about [&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":[318,184,330,116,984,637,115,72,164,2023,670,498,5830,235,1778,120,127,3759,5831,645,162,639,651,132,1124],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574335","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-amazon","tag-apple","tag-capmas","tag-china","tag-donald-trump","tag-elon-musk","tag-emerging-markets","tag-enterpriseam","tag-equities","tag-forbes","tag-jeff-bezos","tag-joe-biden","tag-khaled-el-sayyad","tag-labor","tag-middle-east","tag-nasdaq","tag-politics","tag-prime-capital","tag-semiconductor-manufacturing-international-corporation","tag-semiconductors","tag-sports","tag-technology","tag-tesla","tag-trade","tag-work-from-home","wpautop","entry"],"acf":{"mongo_id":"770c1c8a-0828-4ba3-8bca-c492319df068","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[574333],"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 Monday, 7 September 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\/09\/07\/what-were-tracking-on-monday-7-september-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 Monday, 7 September 2020\" \/>\n<meta property=\"og:description\" content=\"The EGX30 closed yesterday in the red in the first session since last week\u2019s selloff on Wall Street: The index lost 1% during trading yesterday, continuing a poor run of form that has seen it finishing in the red for six consecutive sessions. Trading was moderate, with EGP 1 bn-worth of shares changing hands (about [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-07T04:03:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What we\u2019re tracking on Monday, 7 September 2020\",\"datePublished\":\"2020-09-07T04:03:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/\"},\"wordCount\":1116,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg\",\"keywords\":[\"Amazon\",\"Apple\",\"CAPMAS\",\"China\",\"Donald Trump\",\"Elon Musk\",\"emerging markets\",\"EnterpriseAM\",\"equities\",\"Forbes\",\"Jeff Bezos\",\"Joe Biden\",\"Khaled El Sayyad\",\"labor\",\"Middle East\",\"Nasdaq\",\"politics\",\"Prime Capital\",\"Semiconductor Manufacturing International Corporation\",\"semiconductors\",\"sports\",\"technology\",\"Tesla\",\"trade\",\"Work from home\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/\",\"name\":\"What we\u2019re tracking on Monday, 7 September 2020 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg\",\"datePublished\":\"2020-09-07T04:03:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#primaryimage\",\"url\":\"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg\",\"contentUrl\":\"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What we\u2019re tracking on Monday, 7 September 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 Monday, 7 September 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\/09\/07\/what-were-tracking-on-monday-7-september-2020\/","og_locale":"en_US","og_type":"article","og_title":"What we\u2019re tracking on Monday, 7 September 2020","og_description":"The EGX30 closed yesterday in the red in the first session since last week\u2019s selloff on Wall Street: The index lost 1% during trading yesterday, continuing a poor run of form that has seen it finishing in the red for six consecutive sessions. Trading was moderate, with EGP 1 bn-worth of shares changing hands (about [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-09-07T04:03:55+00:00","og_image":[{"url":"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"What we\u2019re tracking on Monday, 7 September 2020","datePublished":"2020-09-07T04:03:55+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/"},"wordCount":1116,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg","keywords":["Amazon","Apple","CAPMAS","China","Donald Trump","Elon Musk","emerging markets","EnterpriseAM","equities","Forbes","Jeff Bezos","Joe Biden","Khaled El Sayyad","labor","Middle East","Nasdaq","politics","Prime Capital","Semiconductor Manufacturing International Corporation","semiconductors","sports","technology","Tesla","trade","Work from home"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/","name":"What we\u2019re tracking on Monday, 7 September 2020 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg","datePublished":"2020-09-07T04:03:55+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#primaryimage","url":"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg","contentUrl":"https:\/\/ent.news\/2020\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/what-were-tracking-on-monday-7-september-2020\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"What we\u2019re tracking on Monday, 7 September 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":560662,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/what-the-markets-are-doing-on-8-march-2021\/","url_meta":{"origin":574335,"position":0},"title":"What the markets are doing on 8 March 2021","author":"enterpriseam admin","date":"8 March 2021","format":false,"excerpt":"We\u2019re not on HSBC\u2019s list of emerging markets most vulnerable to a possible Taper Tantrum 2.0. Brazil, Indonesia, Mexico and South Africa are the most exposed emerging economies to rising bond yields in the US, according to bond strategists at HSBC, the Economist reports. All of these countries have a\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604554,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/international-business-news-on-6-december-2017\/","url_meta":{"origin":574335,"position":1},"title":"International business news on 6 December 2017","author":"enterpriseam admin","date":"6 December 2018","format":false,"excerpt":"The top story in global business news this morning is \u2026 odd? Canada has arrested Huawei\u2019s global chief financial officer in Vancouver and extradited her to the United States, where she faces charges she violated US trade sanctions against Iran. (Globe & Mail | WSJ | FT | Reuters |\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":599575,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/what-were-tracking-on-03-january-2019\/","url_meta":{"origin":574335,"position":2},"title":"What we\u2019re tracking on 03 January 2019","author":"enterpriseam admin","date":"3 January 2019","format":false,"excerpt":"News is slow this morning as more than a handful of members of the community are either \u201cbridging\u201d until after Coptic Christmas or simply taking it a bit easy. That makes Apple\u2019s rare warning that it will fall short of its sales forecast the story of the day. And as\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":626993,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/what-were-tracking-on-16-july-2018-2\/","url_meta":{"origin":574335,"position":3},"title":"What we\u2019re tracking on 16 July 2018","author":"enterpriseam admin","date":"17 July 2018","format":false,"excerpt":"It\u2019s the accidental legislation issue again here, as the House of Representatives passed a series of key laws yesterday \u2014 some important, others controversial. They gave their approval on a law setting up Egypt\u2019s first sovereign wealth fund and the Press and Media Acts. Expect future legislation issues this week\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":647897,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/23\/what-were-tracking-on-23-may-2017\/","url_meta":{"origin":574335,"position":4},"title":"What we\u2019re tracking on 23 May 2017","author":"enterpriseam admin","date":"23 May 2017","format":false,"excerpt":"Egyptian stocks fell the most in the world yesterday among the indices tracked by Bloomberg in the wake of the central bank\u2019s unexpected 200 bps hike in policy rates. Capital Economics\u2019 Jason Tuvey says the move \u201cappears to be the result of pressure from the IMF,\u201d and global emerging markets\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":546257,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/this-morning-worst-day-for-global-stocks-since-june-2020-its-inflation-day-here-in-egypt\/","url_meta":{"origin":574335,"position":5},"title":"THIS MORNING: Worst day for global stocks since June 2020; It\u2019s inflation day here in Egypt","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"Good morning, friends, and happy hump day. We have a really packed issue for you today, so let\u2019s jump right in: THE BIG STORY EVERYWHERE THIS MORNING- The global market sell-off looks like it is getting serious. Global equities suffered their heaviest one-day losses since June 2020 yesterday. Investors are\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\/574335","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=574335"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574335\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574333"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574335"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=574335"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=574335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}