{"id":579070,"date":"2023-01-24T03:55:51","date_gmt":"2023-01-24T03:55:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/"},"modified":"2023-01-24T03:55:51","modified_gmt":"2023-01-24T03:55:51","slug":"this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/","title":{"rendered":"THIS MORNING: Our first defeat in the handball World Championship \u2014 now on to the quarter finals tomorrow"},"content":{"rendered":"<p><strong>Good morning, folks, and happy Tuesday. <\/strong>For our Egypt-based readers, make it through the next two days and a three-day weekend awaits you.<\/p>\n<p><strong>PSA #1- Everyone agrees: This Thursday, 26 January, is a public holiday<\/strong> in observance of Police Day and the 25 January revolution, the EGX said in a <a href=\"https:\/\/ent.news\/2023\/1\/EGX-Police-Day-2023.jpg\">statement<\/a>, following announcements from the PM, the Manpower Ministry, and the central bank.<\/p>\n<p><strong>PSA #2- Your long-weekend weather will be gorgeous. <\/strong>Our favorite weather app shows highs of 24-27\u00b0C in the capital city Thursday through Saturday before a cold front settles in over much of the country next week.<\/p>\n<p><strong>Make the most of the holiday: <\/strong>Our next day off won\u2019t be until mid-April, when we observe Coptic Easter and Sham El Nessim.<\/p>\n<p><strong>THE BIG STORY here at home: It\u2019s a regulation and taxation kind of day. <\/strong>Teachers could need licenses to practice and social media firms licenses to operate, under separate bills being drafted by the Education Ministry and the Supreme Council for Media Regulation. Meanwhile, local mobile phone assemblers could see a 5% fee on imported parts and components scrapped as government works to boost the localization of the industry.<\/p>\n<p><strong>MEANWHILE- There\u2019s no single story driving the narrative in the global business press<\/strong>, though there\u2019s plenty of head-scratching over what the mood should be in tech ahead of earnings reports today from major US firms including Microsoft and Tesla.<\/p>\n<p><strong>FOR BULLS:<\/strong><\/p>\n<ul>\n<li><strong>Tech firms led a rally in US equities yesterday <\/strong>as investors wagered on slower rate hikes from the Fed amid cooler inflation data. The tech-heavy Nasdaq was the darling of the day, rising some 2%. (<a href=\"https:\/\/www.wsj.com\/articles\/global-stocks-markets-dow-update-01-23-2023-11674477017?mod=hp_lead_pos1\">Wall Street Journal<\/a>)<\/li>\n<li><strong>Microsoft said it has a made \u201cmultiyear, multi-bn USD investment\u201d in <\/strong><strong>ChatGPT maker: <\/strong>The tech giant confirmed its investment <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d3d7c21c-1248-4e32-b22f-e7852abaee9d\">after reports<\/a> that it was considering investing as much as USD 10 bn in the AI company. (<a href=\"https:\/\/www.cnbc.com\/2023\/01\/23\/microsoft-announces-multibillion-dollar-investment-in-chatgpt-maker-openai.html\">CNBC<\/a> | <a href=\"https:\/\/blogs.microsoft.com\/blog\/2023\/01\/23\/microsoftandopenaiextendpartnership\/\">statement<\/a>)<\/li>\n<\/ul>\n<p><strong>(FOOD FOR THOUGHT- ChatGPT can just about pass all three exams for which would-be MDs need to sit in the US of A to obtain their licenses to practice.<\/strong> It \u201cdemonstrated a high level of concordance and insight in its explanations,\u201d researchers write in a preprint of an upcoming paper (<a href=\"https:\/\/www.medrxiv.org\/content\/10.1101\/2022.12.19.22283643v2\">teaser here<\/a> and full paper <a href=\"https:\/\/www.medrxiv.org\/content\/10.1101\/2022.12.19.22283643v2.full.pdf\">here, pdf<\/a>).)<\/p>\n<p><strong>AND FOR BEARS:<\/strong><\/p>\n<ul>\n<li><strong>Tech layoff contagion catches up with Spotify: <\/strong>The music streaming giant is planning to lay off 6% of its workforce, or some 600 employees, joining a host of tech companies \u2014 such as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f7c2757-6064-4f23-bee8-7237d6ba19ab\">Amazon, Microsoft<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/1ff40669-924e-461b-b4f8-e97857139eb2\">Google parent Alphabet<\/a> \u2014 in a wave of industry jobs cuts. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-23\/spotify-seen-cutting-staff-as-soon-as-this-week-to-cut-costs?srnd=premium&sref=mmeFTDW1&leadSource=uverify wall\">Bloomberg<\/a>)<\/li>\n<\/ul>\n<p><strong>CLOSER TO HOME-<\/strong><\/p>\n<p><strong>Erdogan is livid with the Swedes: <\/strong>Sweden\u2019s NATO bid was cast into fresh jeopardy after Turkish President Recep Tayyip Erdogan said the country \u201cwill not see any support from us on the NATO issue,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-23\/sweden-shouldn-t-expect-turkey-support-in-nato-bid-erdogan-says?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports. Never a fan of the recent Swedish and Finnish bids to join the security alliance, Erdogan\u2019s sentiments have hardened after far-right protesters burned a copy of the Quran in Stockholm at the weekend.<\/p>\n<p><strong>Iraq\u2019s central bank chief is out<\/strong>, sacked by the PM following a difficult few weeks for the currency, which has fallen almost 7% against the USD since November, the <a href=\"https:\/\/apnews.com\/article\/iraq-government-business-21936b10a53f6eb0be0323d47f907447\">Associated Press<\/a> reports.<\/p>\n<p><strong>HAPPENING TODAY-<\/strong><\/p>\n<p><strong>El Sisi heads to India:<\/strong> President Abdel Fattah El Sisi will lead a delegation including ministers and other officials on a <a href=\"https:\/\/www.mea.gov.in\/incoming-visit-detail.htm?36139\/State Visit of President of Egypt to India January 2426 2023\">three-day visit<\/a> from today at the invitation of Indian Prime Minister Narendra Modi. El Sisi will be honored as \u201cchief guest\u201d at celebrations to mark the country\u2019s 74th Republic Day.<\/p>\n<p><strong>The national handball team broke its streak last night, <\/strong><a href=\"https:\/\/www.ihf.info\/media-center\/news\/denmark-claim-last-polandsweden-2023-quarter-final-spot\">losing 25-30 to<\/a><a href=\"https:\/\/www.ihf.info\/media-center\/news\/denmark-claim-last-polandsweden-2023-quarter-final-spot\">Denmark<\/a> in the final group-stage game of the International Handball Federation\u2019s 2023 World Men\u2019s Championship. Denmark secured its place in the quarter finals on the victory. It shouldn\u2019t sting too much: <strong>Egypt is already through to the next stage<\/strong>.<\/p>\n<p><strong>The national team faces hosts Sweden in Stockholm for the quarter-finals on Wednesday,<\/strong> with the time still to be set.<\/p>\n<hr class=\"grey-line\">\n<p><strong>COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n<p class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/Enterprise-FDI-Exports_1600.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>We\u2019re excited to unveil our next C-level event: <\/strong>The Enterprise FDI + Exports Forum, where we will take a deep dive into two of the most critical topics affecting our community.<\/p>\n<p><strong>Exports and foreign direct investment (FDI) have never been more important to our economy<\/strong> \u2014 or our businesses \u2014 than in the wake of the float of the EGP. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/feeda831-c0fd-43df-b197-08ddb74254e7\">We think we have a once-in-a-lifetime chance to build an export-led economy<\/a> that makes us a magnet for FDI and all the benefits that will come with it for our nation.<\/p>\n<p><strong>The Enterprise FDI + Exports Forum asks a simple question: Where do we go from here? <\/strong><\/p>\n<p><strong>The Enterprise FDI + Exports Forum is the latest in our series of must-attend, invitation-only gatherings for C-suite-level business leaders<\/strong>, where they can talk openly and honestly about important issues in key parts of the economy. The gathering, which will take place in May 2023, will focus on how to start making moves across continents, including:<\/p>\n<ul>\n<li>What do we have to sell to global markets, including products <em>and <\/em>services? What should our priority industries be?<\/li>\n<li>How can you break into an export market? How can you make your business a component of the global supply chain? Hear directly from potential partners and buyers about what they\u2019re looking for.<\/li>\n<li>How to leverage big domestic trends \u2014 and turn them into massive windows for export. <\/li>\n<li>How to climb the value-add ladder in a way that matches up with trends in key export markets.<\/li>\n<li>How do you choose an export market? What countries should Egyptian businesses be looking at as export targets \u2014 and why?<\/li>\n<li>What are foreign investors looking for? How can you pitch them on a JV \u2014 or on investing in your business?<\/li>\n<\/ul>\n<p><strong>Think of the Enterprise FDI + Exports Forum as a hands-on lab for how to turn the float of the EGP into something that will turbocharge your company. <\/strong><\/p>\n<p><strong>COMING IN MAY<\/strong> \u2014 stay tuned for updates.<\/p>\n<p><strong>Want to partner with us <\/strong><strong>on the<\/strong><strong> conference?<\/strong> Ping a note to Moustafa Taalab, our head of commercial, <a href=\"mailto:mtaalab@inktankir.com\">here<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>EBRD + EU + GCF green finance event next week:<\/strong> The European Bank for Reconstruction and Development, the EU, the <a href=\"https:\/\/enterprise.press\/greeneconomys\/whats-green-economy-financing-facility-geff-work\/\">Green Economic Financing Facility,<\/a> and the <a href=\"https:\/\/www.greenclimate.fund\/about\">Green Climate Fund<\/a> will hold a green finance event on Tuesday, 31 January at the Nile Ritz Carlton Hotel. Check out the agenda <a href=\"https:\/\/ent.news\/2023\/1\/GEFF-and-GVC-Launch-Event-Bi-Agenda-final.pdf\">here (pdf)<\/a>.<\/p>\n<p><strong>The Senate is set to reconvene on Sunday, 5 February<\/strong>, having yesterday completed two days of plenary sessions that saw members discuss tourism promotion and education reform.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p><strong>In today\u2019s issue: <\/strong>How will the EU\u2019s incoming carbon border tariff impact Egypt\u2019s high-emissions export industries?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, folks, and happy Tuesday. For our Egypt-based readers, make it through the next two days and a three-day weekend awaits you. PSA #1- Everyone agrees: This Thursday, 26 January, is a public holiday in observance of Police Day and the 25 January revolution, the EGX said in a statement, following announcements from the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":579071,"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":[72,162,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-sports","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"f1bbd054-12a0-42b0-a589-7304d34f34a7","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/1\/409.jpg","photo_position":"above","related_issue":[579068],"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>THIS MORNING: Our first defeat in the handball World Championship \u2014 now on to the quarter finals tomorrow - 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\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Our first defeat in the handball World Championship \u2014 now on to the quarter finals tomorrow\" \/>\n<meta property=\"og:description\" content=\"Good morning, folks, and happy Tuesday. 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For our Egypt-based readers, make it through the next two days and a three-day weekend awaits you. PSA #1- Everyone agrees: This Thursday, 26 January, is a public holiday in observance of Police Day and the 25 January revolution, the EGX said in a statement, following announcements from the [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-01-24T03:55:51+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/409.jpg?fit=%2C&ssl=1","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\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS MORNING: Our first defeat in the handball World Championship \u2014 now on to the quarter finals tomorrow","datePublished":"2023-01-24T03:55:51+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/"},"wordCount":1203,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/409.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","sports","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/this-morning-our-first-defeat-in-the-handball-world-championship-now-on-to-the-quarter-finals-tomorrow\/","name":"THIS MORNING: Our first defeat in the handball World Championship \u2014 now on to the quarter finals tomorrow - 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We made it through another week together \u2014 and have a pleasantly quiet issue for you this Christmas Eve morning.Last orders on the NYSE and Nasdaq will be at 1pm Eastern today while the closing\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":552852,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/this-evening-pmi-is-still-in-contraction-but-didnt-change-from-august-global-equity-rally-continues\/","url_meta":{"origin":579070,"position":2},"title":"THIS EVENING: PMI is still in contraction, but didn\u2019t change from August + Global equity rally continues","author":"enterpriseam admin","date":"4 October 2022","format":false,"excerpt":"Good afternoon, wonderful people. It\u2019s a short workweek, so we\u2019re glad it\u2019s almost-WEDNESDAY \u2014 meaning the long weekend is just around the corner. We have what we like to call a Goldilocks news day, where it\u2019s not a torrential downpour but we can\u2019t say it\u2019s all quiet, either. *** Before\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559474,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/what-were-tracking-on-24-january-2021\/","url_meta":{"origin":579070,"position":3},"title":"What we\u2019re tracking on 24 January 2021","author":"enterpriseam admin","date":"24 January 2021","format":false,"excerpt":"Good morning, friends. 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It\u2019s early\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":559088,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/what-were-tracking-on-10-january-2021\/","url_meta":{"origin":579070,"position":4},"title":"What we\u2019re tracking on 10 January 2021","author":"enterpriseam admin","date":"10 January 2021","format":false,"excerpt":"Good morning, friends, and welcome to the first \u201creal\u201d workweek of 2021 in which pretty much everyone is back from their break. We have tons of news for you after a busy holiday weekend, so let\u2019s jump right in: Have we passed the second wave? That seems to be what\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":542596,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/this-morning-were-all-off-on-thursday-2x-pcr-tests-to-enter-dubai-apples-paying-off-big-time-for-buffett\/","url_meta":{"origin":579070,"position":5},"title":"THIS MORNING: We\u2019re all off on Thursday; 2x PCR tests to enter Dubai; Apple\u2019s paying off big time for Buffett","author":"enterpriseam admin","date":"5 January 2022","format":false,"excerpt":"Good morning, wonderful people, and welcome to our final edition of EnterpriseAM for this holiday-shortened workweek. 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