{"id":574581,"date":"2020-09-15T04:27:42","date_gmt":"2020-09-15T04:27:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/15\/what-were-tracking-on-15-september-2020\/"},"modified":"2020-09-15T04:27:42","modified_gmt":"2020-09-15T04:27:42","slug":"what-were-tracking-on-15-september-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/15\/what-were-tracking-on-15-september-2020\/","title":{"rendered":"What we\u2019re tracking on 15 September 2020"},"content":{"rendered":"

Good morning, friends. It\u2019s another big news day <\/strong>replete with M&As, a spectrum auction that could, one day (maybe?) herald a slight improvement in mobile voice call quality (surely we\u2019re not the only ones who find VoIP clearer than voice calls these days?), news of startup investments and more.<\/p>\n

Meanwhile, it\u2019s off to re-education camp for us \u2014 w<\/strong>e\u2019re going to need to learn how to <\/strong>be sociable again<\/strong> after the government yesterday announced a partial lifting of covid-19 restrictions on weddings, conferences, events, and other large gatherings. Daily covid cases have remained low over the past six weeks since falling dramatically in July, allowing the government to push ahead with easing more restrictions. We have the full rundown in this morning\u2019s Speed Round, below.<\/p>\n

The six-month freeze on loan repayments ends today:<\/strong> The Central Bank of Egypt (CBE) will not extend the six-month freeze on loan payments which expires today, according to a circular (pdf)<\/a> published by the bank yesterday. The CBE instructed banks not to extend the initiative<\/a>, introduced in March to ease pressure on borrowers through the covid-19 pandemic; lenders will instead review the financial positions of individual and corporate customers to assess whether they would be eligible for debt restructuring.<\/p>\n

Foreign Minister Sameh Shoukry is in Greece today for talks<\/strong>, the Foreign Ministry said<\/a> yesterday. The visit comes two days after the Greek government raised the prospect of bilateral talks with Turkey to dial back tensions in the EastMed.<\/p>\n

Ten companies will meet with Internal Trade Development Authority head Ibrahim <\/strong>Ashmawy today <\/strong>to discuss the prospects of investment in several upcoming logistics projects, Hapi Journal<\/a> reports.<\/p>\n

We\u2019ll know tomorrow the results of last week\u2019s run-off elections for the Senate. <\/strong>The first round of voting last month saw 174 members elected to the newly-constituted upper chamber, and the run-off will determine the outcome in another 26. President Abdel Fattah El Sisi will appoint the remaining 100 members of the 300-seat Senate after the final results of the votes are announced.<\/p>\n

The Food Export Council will hold a meeting on Thursday with Brazil\u2019s ambassador to <\/strong>discuss increasing exports under the 2017 Mercosur Agreement<\/strong>, Youm 7<\/a> reports. Egyptian exports to Brazil have surged 74%<\/a> in the three years since the trade agreement was signed.<\/p>\n

UAE, Israel to sign normalization pact today:<\/strong> UAE Foreign Minister Sheikh Abdullah bin Zayed and Israeli PM Benjamin Netanyahu are in Washington today to sign a historic accord<\/a> that will formally establish diplomatic relations between the former enemies.<\/p>\n

It\u2019s Fed day:<\/strong> The US Federal Reserve kicks off it\u2019s two-meeting to review interest rates today. The bank may announce new three-year interest rate projections and elaborate on its recent break with tradition to allow inflation to shoot past 2% and unemployment to fall further than previously allowed, per CNN<\/a>.<\/p>\n

\n

The exciting week for our fellow gadget nerds continues today<\/strong> with an Apple event<\/a> kicking off at 7pm CLT today. Bloomberg\u2019s Mark Gurman<\/a> suggests we\u2019ll see a new Apple Watch with an oxygen meter and an iPad Air that looks a lot like an iPad Pro \u2014 but no new iPhones until another event in October. Thanks, covid.<\/p>\n

Sony made good yesterday on the launch of its A7C entry-level full-frame camera<\/strong>, which the gang at DPReview<\/a> suggest is essentially an A7III compressed into a smaller (slightly pricey) package that shares DNA with its A6xxx series. Go watch Chris and Jordan chew it over<\/a>, listen to Hugh Brownstone<\/a> (the most thoughtful camera reviewer out there) or catch Fro Knows Photo<\/a>.<\/p>\n

Tomorrow you can expect Sony to <\/strong>talk PS5<\/a><\/strong> while Nikon takes the wraps off two new <\/strong>lenses<\/strong> for its Z mount full-frame camera \u2014 and perhaps gives us a sneak peek at its anticipated Z6s and Z7s models.<\/p>\n

And for us (sci-fi) nerds: Astronomers think they may have found signs of life on <\/strong>\u2026 Venus, of all places. <\/strong>Belay your \u201cmen are from Mars and women are from Venus\u201d jokes from the derisible 1992 book and get this: Scientists think signs of phosphine gas in Venus\u2019 upper atmosphere could speak to bacterial life on the planet, what has long been overlooked in our search for life beyond earth. The story is front page around the world: NYT<\/a> | WSJ<\/a> | BBC<\/a> | FT<\/a> | NatGeo<\/a> | The Atlantic<\/a>.<\/p>\n

\n

SIGN OF THE TIMES- The pandemic has rekindled debate over whether it\u2019s time to <\/strong>move to a shorter workweek<\/strong>, but the catch is that some companies are cutting salaries in step with work hours. The Financial Times<\/a> has a quick look at the subject worth considering if this is on your list of ideas for 2021 as we think through strategy and budget for next year.<\/p>\n

\n

The Health Ministry <\/strong>reported<\/a><\/strong> 168 new covid-19 infections yesterday<\/strong>, up from 153 the day before. Egypt has now disclosed a total of 101,177 confirmed cases of covid-19. The ministry also reported 13 new deaths, bringing the country\u2019s total death toll to 5,661. We now have a total of 84,969 confirmed cases that have fully recovered.<\/p>\n

The World Health Organization has promised Egypt 30 mn doses of the first covid-19 <\/strong>vaccine that safely hits the market,<\/strong> Youm7<\/a> reports, citing cabinet spokesman Nader Saad, who did not elaborate.<\/p>\n

EgyptAir, UAE health firm to collaborate on PCR tests:<\/strong> EgyptAir and Aster Hospitals will work together to provide EgyptAir customers travelling to Cairo from the UAE with PCR tests, Al Shorouk<\/a> reports.<\/p>\n

Air Arabia will be operating daily flights between Abu Dhabi and Cairo starting 24<\/strong> September<\/strong>, the airlines announced in a statement<\/a>. The budget UAE carrier had begun operating flights connecting Abu Dhabi with Alexandria\u2019s Borg El Arab airport and Sohag in July<\/a>.<\/p>\n

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

Questions are again swirling over whether UBS and Credit Suisse could merge<\/strong> after \u201cUBS chairman Axel Weber \u2026 mapped out a merger with Credit Suisse that would create a unified Swiss champion in wealth management and investment banking,\u201d the Financial Times<\/a> reports. No formal talks are underway, the salmon-colored newspaper adds.<\/p>\n

The US tech slump has allowed Saudi Aramco to reclaim its spot as<\/strong> the world's most valuable listed company<\/strong> \u2014 an accolade Apple had snatched from the oil giant in July, Bloomberg<\/a>reports. Apple\u2019s shares tumbled nearly 17% this month as the tech-dominated Nasdaq endured a sell-off, while Aramco\u2019s shares are up 1.1% in September so far.<\/p>\n

The Trump administration is set to review <\/strong>the potential agreement<\/a><\/strong> between <\/strong>Oracle and TikTok\u2019s owner ByteDance ahead of the 20 September deadline<\/strong>, the Financial Times<\/a> reports, citing unnamed officials familiar with the matter. ByteDance is seeking a \u201ctechnical partnership\u201d agreement with Oracle that would see the US tech firm take over the management of its user data and acquire a stake in its US unit.<\/p>\n

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

Have we already passed peak oil?<\/strong> Global demand for oil may have already peaked, leaving the fossil fuel industry facing a terminal decline, BP<\/a> has said in its annual energy outlook. Two of its three energy scenarios over the coming three decades suggest that the covid-19 pandemic may have caused demand to peak in 2019, while the third envisions a world where climate change does not intensify, forecasting demand to plateau through the coming decade before declining from 2035.<\/p>\n

SMART POLICY- Unilever could help drive down fossil fuel demand by committing<\/strong> to relying 100% on renewable or recycled carbon<\/strong>, instead of fossil fuels, in its cleaning products by 2030, the company said in a statement (pdf)<\/a>. The switch is part of the company\u2019s EUR 1 bn \u201cclean future\u201d program to reduce its carbon footprint.<\/p>\n

Yoshihide Suga is almost certainly Japan\u2019s next premier after the governing Liberal<\/strong> Democratic Party elected him as its new leader in a landslide victory<\/strong>, according to the BBC<\/a>. The country\u2019s parliament will vote tomorrow to select a new leader to succeed Shinzo Abe, who stepped down<\/a> late last month citing health reasons. Suga, who served as chief cabinet secretary under Abe and is considered one of his closest allies, is widely expected to stick with so-called \u2018Abenomics\u2019 \u2014 a set of economic policies that revolves around loose monetary policy and big government spending. The program saw Japan\u2019s economy experience its longest run of post-World War II growth, and succeeded in lifting it out of its decades-long period of deflation.<\/p>\n

An end to the eight-month blockade on Libyan oil exports may be in sight<\/strong> after eastern military commander Khalifa Haftar pledged a \u201cfull reopening of the energy sector,\u201d the US embassy in Libya said in a statement<\/a> on Saturday.<\/p>\n

US ELECTION WATCH- Secret Agent Orange is sticking to his position that the <\/strong>wildfires sweeping the US\u2019s West Coast has nothing to do with climate change.<\/strong> \u201cIt will start getting cooler \u2014 just you watch,\u201d US President Donald Trump said during a campaign appearance after meeting with California state officials. \u201cI don\u2019t think science knows, actually.\u201d Rival presidential candidate jumped on Trump\u2019s dismissal of the scientists\u2019 claims, calling the president a \u201cclimate arsonist,\u201d the NYT reports<\/a>. Reuters has footage (watch, runtime: 1:10<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends. It\u2019s another big news day replete with M&As, a spectrum auction that could, one day (maybe?) herald a slight improvement in mobile voice call quality (surely we\u2019re not the only ones who find VoIP clearer than voice calls these days?), news of startup investments and more. Meanwhile, it\u2019s off to re-education camp […]<\/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":[184,394,528,5875,107,984,72,119,955,570,498,120,2141,658],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574581","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-apple","tag-aramco","tag-aviation","tag-business-class","tag-covid-19","tag-donald-trump","tag-enterpriseam","tag-financial-markets","tag-hospitality","tag-japan","tag-joe-biden","tag-nasdaq","tag-shinzo-abe","tag-sony","wpautop","entry"],"acf":{"mongo_id":"1381978c-a73d-475d-b53c-7791e7bd8242","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[574579],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 15 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\/15\/what-were-tracking-on-15-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 15 September 2020\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. It\u2019s another big news day replete with M&As, a spectrum auction that could, one day (maybe?) herald a slight improvement in mobile voice call quality (surely we\u2019re not the only ones who find VoIP clearer than voice calls these days?), news of startup investments and more. 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The latest from Brics: The nation\u2019s talking heads were once again focused on the Brics summit in South Africa, where the five nations yesterday came to\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1158.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":645395,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/what-were-tracking-this-week-158\/","url_meta":{"origin":574581,"position":1},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"19 July 2017","format":false,"excerpt":"Sunday is Revolution Day, and that means it\u2019s a three-day weekend coming up. That\u2019s the only prize we got our eye on this week","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":650240,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/what-were-tracking-on-19-march-2017-2\/","url_meta":{"origin":574581,"position":2},"title":"What we\u2019re tracking on 19 March 2017","author":"enterpriseam admin","date":"20 March 2017","format":false,"excerpt":"On a slow news day, we take this opportunity be selfishly self-indulgent and call out inflexible, unthinking adherence to algorithms. Or, in other words: Thank you, Google, for refusing to index Enterprise on Google News. That\u2019s so \u2026 not evil of you. Ranks you right up there with that guy\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":631820,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/28\/what-were-tracking-this-week-54\/","url_meta":{"origin":574581,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"28 March 2018","format":false,"excerpt":"It\u2019s MPC day tomorrow: The central bank\u2019s Monetary Policy Committee will meet on Thursday to decide on interest rates, amid a universal consensus among the business community that rates will be cut.The Ismail Cabinet is expected to present its draft FY2018-19 budget to President Abdel Fattah El Sisi this week\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":568366,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/28\/what-were-tracking-on-28-december-2020\/","url_meta":{"origin":574581,"position":4},"title":"What we\u2019re tracking on 28 December 2020","author":"enterpriseam admin","date":"28 December 2020","format":false,"excerpt":"It\u2019s t-minus four days until 2021 and New Year-itis is in full effect if the unprecedented volume of out-of-office replies we\u2019re receiving after we dispatch each morning\u2019s edition is anything to go by.The big news at home this morning: The merger of two of the nation\u2019s largest healthcare players \u2014\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":567848,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/what-were-tracking-on-9-december-2020\/","url_meta":{"origin":574581,"position":5},"title":"What we\u2019re tracking on 9 December 2020","author":"enterpriseam admin","date":"9 December 2020","format":false,"excerpt":"Good morning, wonderful people, and welcome to Wednesday, where the big news remains the rollout of Pfizer and BioNTech\u2019s covid-19 vaccine in the UK \u2014 the first widescale vaccination campaign with an internationally tested jab. The news dominates front pages across the globe this morning, from the Financial Times to\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\/574581","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=574581"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574581\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574579"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574581"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=574581"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=574581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}