{"id":583462,"date":"2023-03-01T00:00:00","date_gmt":"2023-03-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/01\/this-evening-daylight-savings-could-be-coming-back-chinas-factory-activity-exceeds-expectations\/"},"modified":"2023-03-01T00:00:00","modified_gmt":"2023-03-01T00:00:00","slug":"this-evening-daylight-savings-could-be-coming-back-chinas-factory-activity-exceeds-expectations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/01\/this-evening-daylight-savings-could-be-coming-back-chinas-factory-activity-exceeds-expectations\/","title":{"rendered":"THIS EVENING: Daylight savings could be coming back + China\u2019s factory activity exceeds expectations"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good afternoon, wonderful people.<\/span><span style=\"font-weight:400;\"> It\u2019s a busy Wednesday afternoon, with a pipeline of news to keep you busy as we count down to the weekend.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY TODAY- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Daylight savings time could make a comeback: <\/span><span style=\"\">A draft law that would reinstate <\/span><span>daylight savings time \u2014 rolling our clocks forward from April through October \u2014 got the greenlight from the Madbouly cabinet at its weekly meeting, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02fyRtWKLcHqNck8PGiJx7dkvtRYCrdLLWKhsoQH38DtQydJNTgpsWPYtCKJ9o1MdUl\" style=\"\">statement<\/a><\/span><span>. The law would see Cairo Local Time (CLT) pushed forward by one hour from <\/span><span style=\"font-weight:400;\">the last Friday of April through the last Thursday of October. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Refresher:<\/span><span style=\"\"> The cabinet<\/span><span style=\"\"> scrapped daylight savings time <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2016\/07\/18\/what-were-tracking-on-18-july-2016\/\" style=\"\">back in 2016<\/a><\/span><span style=\"\">, after a year when we had <\/span><span style=\"font-weight:400;\">\u201csprung forward\u201d for spring, fallen back for Ramadan, sprung forward again post-Ramadan, and then fallen back a final time for fall. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY ABROAD-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">China's manufacturing activity grew at its fastest rate in more than a decade <\/span><span style=\"\">in February, <\/span><span>far exceeding expectations as production skyrocketed following the removal of covid restrictions at the end of last year. The official purchasing managers' index (PMI) for the manufacturing sector rose for the second month in a row, hitting 52.6 in February, the highest level since April 2012, according to data released by th<\/span><span>e <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.stats.gov.cn\/english\/PressRelease\/202203\/t20220309_1828476.html\" style=\"\">National Bureau of Statistics<\/a><\/span><span> earlier<\/span><span style=\"font-weight:400;\"> today.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">This story is all over the international business news this afternoon,<\/span><span> with front pages implying that the country is getting back to normal faster than expected after the pandemic restrictions. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/markets\/asia\/china-feb-manufacturing-activity-expands-fastest-since-april-2012-official-pmi-2023-03-01\/\" style=\"\">Reuters<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/2426792b-1454-45b8-93d3-320cde3297dc\" style=\"\">Financial Times<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/chinas-economy-seen-emerging-from-zero-covid-shadow-96360179?mod=hp_lead_pos1\" style=\"\">Wall Street Journal<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/03\/01\/chinas-factory-activity-bounces-further-into-expansion-in-february.html\" style=\"\">CNBC<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">** CATCH UP QUICK on the top stories from today\u2019s EnterpriseAM:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Nokia to export Egypt-made phones this year.<\/span><span> Nokia phone manufacturer HMD Global plans to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/01\/egypts-burgeoning-smartphone-assembly-industry-just-got-a-boost-98274\/\" style=\"\">export phones<\/a><\/span><span style=\"font-weight:400;\"> assembled in Egypt to North Africa this year. Target markets could include Tunisia, Morocco and Algeria.<\/span><\/li>\n<li><span style=\"font-weight:700\">Gov\u2019t imposes new charges on hotels + tourist companies<\/span><span>: Hotels, tourist companies, restaurants and bazaars will have to pay <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/01\/govt-imposes-new-charges-on-hotels-tourist-companies-98275\/\" style=\"\">additional fees<\/a><\/span><span style=\"font-weight:400;\"> into the government\u2019s tourism support fund.<\/span><\/li>\n<li><span style=\"font-weight:700\">Madbouly reassures Qatari investors on economy in bid to draw investment. <\/span><span>Egyptian officials yesterday sought to reassure Qatari business leaders on the state of the Egyptian economy in a bid to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/01\/madbouly-seeks-to-assure-qatari-investors-on-a-near-end-of-exchange-rate-fluctuations-98279\/\" style=\"\">unlock fresh Qatari investment.<\/a><\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">? CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Do you want to attend our Enterprise Exports + FDI Forum <\/span><span style=\"\">on Monday, 15 May at the Four <\/span><span style=\"font-weight:400;\">Seasons? As always, we\u2019ll get underway at 8:00am with a networking breakfast for senior execs, then tumble into a day of compelling (and, we hope, inspiring) on-stage interviews. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">Hit this link if you want to let us know you\u2019re interested in attending<\/a><\/span><span style=\"\">(or just to check the <\/span><span style=\"font-weight:400;\">event website and see what we\u2019re thinking). We\u2019ll soon start sending out invitations in batches. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Do you have an export success story you\u2019d like to share on stage <\/span><span style=\"\">or with the community in <\/span><span>editorial content? <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:patrick@enterprisemea.com\" style=\"\">Drop a note to Patrick here<\/a><\/span><span style=\"font-weight:400;\"> and let\u2019s talk. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Do you want to become a commercial partner for the event? <\/span><span style=\"\">Some of the biggest names in <\/span><span style=\"\">business and finance are on board \u2014 are you? P<\/span><span>ing a note to Moustafa, our head of commercial, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">\u2600\ufe0f <\/span><span style=\"font-weight:700\">TOMORROW\u2019S WEATHER- The heatwave continues:<\/span><span style=\"font-weight:400;\"> Expect temperatures to rise to 34\u00b0C during the day tomorrow before falling to 16\u00b0C at night, our favorite weather app tells us.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people. It\u2019s a busy Wednesday afternoon, with a pipeline of news to keep you busy as we count down to the weekend. THE BIG STORY TODAY- Daylight savings time could make a comeback: A draft law that would reinstate daylight savings time \u2014 rolling our clocks forward from April through October \u2014 [&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":[7213],"tags":[116,633,891,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583462","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-china","tag-enterprisepm","tag-madbouly-government","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"3e215961-8b2d-457c-aaea-b68d2a361013","order":"0","is_powered_by":false,"story_type":"4","photo_url":"","photo_position":"below","homepage_title":"","full_issue_title":"Daylight savings could be coming back to Egypt + China\u2019s factory activity exceeds expectations","related_issue":[583460],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.3cd000df-53a7-4fc9-839b-7eec856e1c40.mp3"},"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 EVENING: Daylight savings could be coming back + China\u2019s factory activity exceeds expectations - 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\/03\/01\/this-evening-daylight-savings-could-be-coming-back-chinas-factory-activity-exceeds-expectations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Daylight savings could be coming back + China\u2019s factory activity exceeds expectations\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people. 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We took the past two days as a gentle reminder of what work is like after a wonderful long Eid break. THE BIG STORY TODAY Egypt\u2019s economy will grow at a 4.5% clip in FY 2023-24,\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\/2023\/4\/921.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585627,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/26\/this-evening-egypt-un-call-for-ceasefire-as-rumors-swirl-about-al-bashirs-whereabouts\/","url_meta":{"origin":583462,"position":1},"title":"THIS EVENING: Egypt, UN call for ceasefire as rumors swirl about Al Bashir\u2019s whereabouts","author":"enterpriseam admin","date":"26 April 2023","format":false,"excerpt":"Good afternoon, wonderful people. We hope your first day back at work after Ramadan and a (very) long Eid weekend has been smooth sailing \u2014 and are happy to remind you that the weekend is once again within arm\u2019s reach. THE BIG STORY AT HOME + ABROAD Egypt, UN call\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\/2023\/4\/370.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585583,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/26\/this-morning-daylight-savings-is-coming-on-friday-plus-india-will-soon-be-the-worlds-most-populous-country-egypt-releases-ai-guidelines\/","url_meta":{"origin":583462,"position":2},"title":"THIS MORNING: Daylight savings is coming on Friday. PLUS: India will soon be the world\u2019s most populous country + Egypt releases AI guidelines","author":"enterpriseam admin","date":"26 April 2023","format":false,"excerpt":"Check your departure time if you\u2019re flying out after Friday","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\/2023\/4\/826.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584687,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/04\/egyptian-lawmakers-approve-bringing-back-daylight-saving-time\/","url_meta":{"origin":583462,"position":3},"title":"Egyptian lawmakers approve bringing back daylight saving time","author":"enterpriseam admin","date":"4 April 2023","format":false,"excerpt":"Government says the move will save at least USD 25 mn","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/133.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580802,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/this-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments\/","url_meta":{"origin":583462,"position":4},"title":"THIS EVENING: B Investments has its eyes on healthcare, food and bev investments","author":"enterpriseam admin","date":"19 January 2023","format":false,"excerpt":"Good afternoon, friends. It\u2019s finally the end of what has been a very busy week. So busy, in fact, that we had a bit of a Freudian slip in yesterday\u2019s edition of EnterprisePM, when we suggested that we\u2019re entering a long weekend. Our apologies for the false hope.We do, however,\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\/2023\/1\/700.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622258,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/03\/this-evening-madbouly-reappointed-to-form-a-new-government\/","url_meta":{"origin":583462,"position":5},"title":"THIS EVENING: Madbouly reappointed to form a new government","author":"enterpriseam admin","date":"3 June 2024","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy Monday. Seems like the newswire will be picking up the pace earlier this business week. 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