{"id":575407,"date":"2020-10-14T04:16:21","date_gmt":"2020-10-14T04:16:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/what-were-tracking-on-14-october-2020\/"},"modified":"2020-10-14T04:16:21","modified_gmt":"2020-10-14T04:16:21","slug":"what-were-tracking-on-14-october-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/what-were-tracking-on-14-october-2020\/","title":{"rendered":"What we\u2019re tracking on 14 October 2020"},"content":{"rendered":"

<\/a> Good morning, wonderful people. The big news of the day: We may still face a <\/strong>second wave of covid-19, but we\u2019re not going back into lockdown<\/strong>, according to Health Minister Hala Zayed, who spoke at a regional World Health Organization meeting yesterday (watch, runtime: 1:08:26<\/a>). The government plans to respond instead to clusters or specific areas that see surges in case numbers, the minister said. Officials will also leave in place (and presumably tune up or down) measures designed to slow the spread of the virus, including capacity limits on restaurants and the like.<\/p>\n

A little covid distraction for you: Expect TV with less violence and less seekoseeko <\/strong>as production resumes on big-name shows that hope to return to your small screen in 2021, among them Stranger Things, Bosch, Succession, the Morning Show and Grey\u2019s Anatomy (which is apparently in its ten-thousandth season?). This piece from the WSJ has you covered<\/a>. And while we have your attention: If you\u2019re a big fan of TV and think about things like social mobility, this is one of the best meditations on the small screen we\u2019ve ever read: Everything know about elite America I learned from \u201cFresh Prince\u201d and \u201cWest Wing.\u201d<\/a><\/p>\n

We now have a full Senate ahead of next Sunday\u2019s<\/strong> inaugural session<\/strong>, after President Abdel Fattah El Sisi named the final 100 members by presidential appointment. Nationwide elections held in August<\/a> and September<\/a> saw 200 representatives elected.<\/p>\n

Among the most prominent figures El Sisi selected: <\/strong>Well-known attorney Hani Sarie Eldin<\/strong>, El Wafd Party chairman Bahaa Abu Shouka,<\/strong> journalist, PR man, talk show host and former MP Mohamed Sherdy<\/strong>, AMAY Chairman Abdel Moneim Said<\/strong>, and veteran actor Yehia El Fakharany<\/strong>. More of the appointments are available on Al Masry Al Youm<\/a>.<\/p>\n

TODAY IN ESG: P&G is under fire from investors including BlackRock<\/strong>, which backed an \u201cunusually big investor rebellion\u201d and voted in favor of a shareholder resolution that took aim at how the multinational giant \u201cuses palm oil and forest pulp in products including Bounty paper towels and Charmin toilet paper.\u201d The Financial Times<\/a> has the full story.<\/p>\n

** MUST READ- This morning\u2019s Hard Hat<\/strong>, presented in association with Orascom Construction, which brings to life the government\u2019s plans to give the Giza Pyramids Plateau a makeover as part of Egypt\u2019s tourism revival strategy. In part 1 of this two-part series, we look at what the overhaul entails \u2014 and what we can expect once it\u2019s complete. We want a time machine to visit the final product \u2014 it\u2019s that interesting.<\/p>\n

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The <\/strong>Health Ministry<\/a><\/strong> reported 139 new covid-19 infections yesterday<\/strong>, up from 132 the day before. Egypt has now disclosed a total of 104,787 confirmed cases of covid-19. The ministry also reported 9 new deaths, bringing the country\u2019s total death toll to 6,071. We now have a total of 97,841 confirmed cases that have fully recovered.<\/p>\n

The country now has 600 hospitals equipped to handle covid-19<\/strong>, some of which were recently upgraded, Health Minister Hala Zayed said. These include an \u201cextensive network\u201d of chest and fever hospitals, Health Ministry spokesperson Khaled Megahed told Yahduth fi Misr\u2019s Sherif Amer yesterday (watch, runtime: 3:55<\/a>). Meanwhile, Egypt also now has 61 testing labs that can handle 30k samples a day \u2014 and within a week, we could have 81 labs ready to process a combined 50k samples per day, Zayed said. The minister also noted that some 56% of Egypt\u2019s reported deaths from covid-19 were patients with chronic illnesses, and that those with chronic conditions or immunodeficiency, the elderly, and pregnant women will be prioritized when Egypt secures a vaccine.<\/p>\n

Saudi Airlines will resume flights between Jeddah, Cairo and Alexandria<\/strong> tomorrow<\/strong>, according to a statement<\/a>.<\/p>\n

The CIB Foundation will be covering EGP 10 mn in expenses for 100 open heart <\/strong>surgeries<\/strong> at the Al Nas<\/a> children\u2019s hospital as part of an agreement with the medical institution, according to a CIB Foundation statement (pdf)<\/a>.<\/p>\n

European governments are tightening restrictions after infection numbers jumped by <\/strong>34% last week to hit new record highs<\/strong>, the Associated Press<\/a> reports. Stopping short of returning to nationwide lockdowns, Italy, France, and the UK have restricted gatherings and put limits on the opening times of restaurants and bars. The measures come as the EU produced <\/strong>a map with color codes<\/a><\/strong> differentiating areas<\/strong> based on risk <\/strong>that will help determine who has to quarantine when moving from zone to zone.<\/p>\n

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

WORLD ENERGY OUTLOOK- Global energy demand is on track to reach its lowest levels of growth since the <\/strong>Great Depression<\/strong> as \u201chopes for a rapid halt to the global spread of the coronavirus and its economic fallout have dissipated,\u201d the International Energy Agency (IEA) said in its World Energy Outloo<\/a>k<\/a>. After projecting 12% growth in demand between 2019 and 2030 prior to the pandemic, the organization is now forecasting growth of 9% as a base case scenario and 4% if recovery from the virus is more protracted than expected. In either case, the group is expecting \u201coil demand growth will come to an end in the next 10 years<\/strong>,\u201d IEA chief Fatih Birol told the FT<\/a>. The IEA\u2019s forecast comes a month after BP suggested<\/a> that the pandemic may have pushed us past peak demand, possibly leaving the industry facing a terminal decline in the years ahead.<\/p>\n

Moody\u2019s has downgraded Dubai education outfit GEMS\u2019 credit rating<\/strong>, citing the \u201cnegative effects of the coronavirus pandemic on the economic environment in the UAE, and in Dubai in particular,\u201d the ratings agency said<\/a> yesterday. The Middle East\u2019s largest private education provider is facing lower revenues as the number of foreign students falls and parents with children under five postpone entry, Moody\u2019s said. GEMS said in August<\/a> it would invest EGP 1 bn to add four additional schools to its Egypt portfolio.<\/p>\n

The EU can impose tariffs on USD 4 bn of US goods<\/strong> in response to subsidies given to Boeing after being given the green light from the World Trade Organization yesterday, Reuters<\/a> reports. The EU could now move to impose tariffs on a range of goods including wine, spirits, suitcases, tractors, frozen fish, as well as agricultural produce.<\/p>\n

3Q earnings season kicked off in the US of A yesterday<\/strong> and the titans of finance are doing okay even as the rest of the economy smolders: JPMorgan Chase<\/a><\/strong> saw 4% growth in 3Q profits <\/strong>as it booked much lower provisions, while fund manager BlackRock<\/a><\/strong> saw net income grow 27%.<\/p>\n

\n

US ELECTION WATCH- Investors are banking on a \u201cblue wave\u201d sweeping the <\/strong>Republicans out of the White House and Congress:<\/strong> US investors have swarmed to small-caps this month \u2014 which had been underperforming compared to large-caps \u2014 in preparation for a dominant Democratic victory in next month\u2019s presidential election, according to the Financial Times<\/a>. Trump\u2019s chances of reelection seem to have tanked following a historically-bad debate performance and the coronavirus outbreak in the White House, with the Biden campaign this month opening up a huge 10-point lead this month according to polling averages<\/a>. A Reuters-Ipsos poll<\/a> shows the Democratic candidate is well ahead of Trump in Michigan, and the two are tied in North Carolina. In response, investors moving out of safer assets for small-caps in anticipation of a big fiscal package passed by a Democratic congressional majority and Joe Biden presidency.<\/p>\n

\n

If 2020 has taught us anything, it\u2019s that a little kindness goes a long way. Enter new <\/strong>charity app Rahma Initiative: <\/strong>Homegrown Egyptian app Rahma<\/a> Initiative<\/a> is set to launch shortly, and aims to raise the profile of charitable causes, share facts and stories, and simplify the donation process. We know the folks behind Rahma, and they\u2019re legit \u2014 this one is worth checking out on the IG.<\/a><\/strong><\/p>\n

The iPhone 12 has arrived, and it\u2019s packed with stuff photographers will like \u2014 but the <\/strong>real crowd pleasers will be the snap-on accessories and wireless charging. <\/strong>The tentpole for the announcement was 5G, but given we here in Egypt have heard \u2026 exactly nothing about 5G in the past five years? It\u2019s all about the accessories (and the four different sizes), folks. The Verge has a rundown on the seven biggest announcements from last night<\/a> (spoiler alert: no tags, no new Mac running Apple silicon), the WSJ\u2019s Joanna Stern helps you sort out which of the four sizes is for you<\/a> and the paper\u2019s Nicole Nguyenhas a first impressions piece.<\/a> The front pages of 9to5Mac<\/a> and MacRumors<\/a> are wall-to-wall coverage this morning.<\/p>\n

Photography nerds will be waiting today to see what Nikon is stuffing inside the <\/strong>refreshes of its Z6 and Z7 models<\/strong>, which look (nearly) physically identical to their predecessors, and Fujifilm is also expected to announce a new midrange camera this week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, wonderful people. The big news of the day: We may still face a second wave of covid-19, but we\u2019re not going back into lockdown, according to Health Minister Hala Zayed, who spoke at a regional World Health Organization meeting yesterday (watch, runtime: 1:08:26). The government plans to respond instead to clusters or specific […]<\/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":[96,984,163,73,72,164,1929,125,498,127,219,392],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575407","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-abdel-fattah-el-sisi","tag-donald-trump","tag-dubai","tag-education","tag-enterpriseam","tag-equities","tag-gems","tag-investment-watch","tag-joe-biden","tag-politics","tag-saudi-arabia","tag-senate","wpautop","entry"],"acf":{"mongo_id":"3892d5d2-d9e2-41aa-8bd9-a4d14b543cea","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575405],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 14 October 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\/10\/14\/what-were-tracking-on-14-october-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 October 2020\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people. The big news of the day: We may still face a second wave of covid-19, but we\u2019re not going back into lockdown, according to Health Minister Hala Zayed, who spoke at a regional World Health Organization meeting yesterday (watch, runtime: 1:08:26). 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Al Hayah Al Youm\u2019s Hossam Haddad (watch, runtime: 6:59), Masaa DMC\u2019s Ramy Radwan (watch, runtime: 4:04), and Min Masr\u2019s Amr Khalil (watch, runtime: 4:34) each recapped the broad strokes of\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572181,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/egypts-airports-reopening-tops-talking-heads-agendas\/","url_meta":{"origin":575407,"position":1},"title":"Egypt\u2019s airports reopening tops talking heads\u2019 agendas","author":"enterpriseam admin","date":"15 June 2020","format":false,"excerpt":"The reopening of Egypt\u2019s airports to regularly scheduled international commercial flights next month stole the spotlight on last night\u2019s talk shows. Tourism and Antiquities Minister Khaled El Enany and Civil Aviation Minister Mohamed Manar both blanketed the airwaves to fill in the nation\u2019s talking heads on the details of the\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570761,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/14\/who-egypt-reps-covid-19-presser-planned-repatriation-of-citizens-stranded-abroad-top-talk-show-coverage\/","url_meta":{"origin":575407,"position":2},"title":"WHO Egypt rep\u2019s covid-19 presser, planned repatriation of citizens stranded abroad top talk show coverage","author":"enterpriseam admin","date":"14 April 2020","format":false,"excerpt":"WHO Egypt representative John Jabbour\u2019s presser yesterday on covid-19 developments in the country was front and center on last night\u2019s talk shows. We have a link to the full video of the press conference in What We\u2019re Tracking Today, above. Jabbour stressed the importance of Egypt ramping up its testing\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560612,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/07\/what-were-tracking-on-7-march-2021\/","url_meta":{"origin":575407,"position":3},"title":"What we\u2019re tracking on 7 March 2021","author":"enterpriseam admin","date":"7 March 2021","format":false,"excerpt":"Good morning, friends, and welcome to a brand new week.THE BIG STORY HERE AT HOME is President Abdel Fattah El Sisi\u2019s visit to Sudan. Talks included how to boost bilateral relations as well as the way forward on the Grand Ethiopian Renaissance Dam. The visit dominates the news cycle this\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":568434,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/30\/what-were-tracking-on-30-december-2020\/","url_meta":{"origin":575407,"position":4},"title":"What we\u2019re tracking on 30 December 2020","author":"enterpriseam admin","date":"30 December 2020","format":false,"excerpt":"Well, friends \u2014 we made it through 2020 together. Most of us here haven\u2019t seen each other since early March, when we went fully WFH, and trust us: The honor of writing you all each morning is one of the things that has kept us going in this ridiculous year.Thank\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":559048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/06\/what-were-tracking-on-6-january-2021\/","url_meta":{"origin":575407,"position":5},"title":"What we\u2019re tracking on 6 January 2021","author":"enterpriseam admin","date":"6 January 2021","format":false,"excerpt":"Merry Christmas to everyone who will be celebrating today and tomorrow \u2014 we wish you a beautiful, relaxing day with family and friends. Banks and the EGX are closing their doors tomorrow in observance of the national holiday, the Central Bank of Egypt and EGX said. We\u2019re also off tomorrow\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\/575407","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=575407"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575407\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575405"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575407"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575407"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}