{"id":588074,"date":"2023-06-06T00:00:00","date_gmt":"2023-06-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/06\/more-sandstorms-are-on-the-way\/"},"modified":"2023-06-06T00:00:00","modified_gmt":"2023-06-06T00:00:00","slug":"more-sandstorms-are-on-the-way","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/06\/more-sandstorms-are-on-the-way\/","title":{"rendered":"More sandstorms are on the way"},"content":{"rendered":"

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Happy hump day, ladies and gents:<\/span> We have a packed issue for you this morning, so let\u2019s dive in.<\/span><\/p>\n

<\/a> <\/span>PSA- Khamaseen isn\u2019t done with us yet: <\/span>E<\/span>xpect a new wave of dust storms <\/span>on Wednesday <\/span>and Thursday, with a chance of light to moderate rain in some areas, Egyptian Meteorological Authority spokesperson Manar Ghanem said last night El Hekaya (<\/span>watch, runtime: 3:01<\/a><\/span>).<\/span><\/p>\n

HAPPENING TODAY-<\/span><\/p>\n

<\/a> <\/span>The International Telecommunication Union is in Sharm:<\/span> Communications Minister Amr <\/span>Talaat <\/span>will open<\/a><\/span> the International Telecommunication Union\u2019s (ITU) <\/span>Global Symposium for Regulators<\/a><\/span> in Sharm El Sheikh. Held under the theme \u201cRegulation for a sustainable digital future,\u201d the three-day event will see regulators and policymakers discuss key issues surrounding digital infrastructure. Registration for conferences, meetings and events can be found <\/span>here<\/a><\/span>.<\/span><\/p>\n

HAPPENING TOMORROW-<\/span><\/p>\n

Africa Health Excon<\/a><\/span>:<\/span> The four-day health conference will kick off at the Egypt International <\/span>Exhibition Center on Wednesday. Check out the agenda <\/span>here<\/a><\/span>.<\/span><\/p>\n

<\/a> <\/span>CANCELED- The National Dialogue has postponed all of this week\u2019s sessions<\/span> after the <\/span>venue hosting the event was damaged in last week\u2019s bad weather, the dialogue\u2019s general coordinator, Dia Rashwan, <\/span>said<\/a><\/span> yesterday.<\/span><\/p>\n

WATCH THIS SPACE-<\/span><\/p>\n

<\/span><\/a> <\/span>Will the government sell off more of TE? <\/span>The Madbouly government is looking to sell an <\/span>additional stake in Telecom Egypt, a government source with knowledge of the matter told us yesterday. The state last month <\/span>sold a 10% stake<\/a><\/span> in the company, raising some EGP 3.95 bn.<\/span><\/p>\n

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THE BIG STORIES ABROAD-<\/span><\/p>\n

There are two stories leading the global business press this morning:<\/span><\/p>\n

#1- US regulators crack down on Binance:<\/span> The world\u2019s largest crypto exchange is facing a <\/span>lawsuit from US regulators who allege that it misused client funds and ran an illegal platform in the US. We have more on this in this morning\u2019s Planet Finance, below. (<\/span>Reuters<\/a><\/span> | <\/span>Bloomberg<\/a><\/span> | <\/span>Financial Times<\/a><\/span>| <\/span>Wall Street Journal<\/a><\/span> | <\/span>CNBC<\/a><\/span>)<\/span><\/p>\n

<\/a> <\/span>#2- Apple\u2019s entry into the AR space is dominating the tech conversation:<\/span> At its annual <\/span>developer conference, Apple yesterday announced its arrival into augmented reality with its new \u2018Vision Pro\u2019 headset. Most of the chatter is focusing on the steep price: starting at USD 3,499, the headset is more than three times higher than the most expensive model sold by Meta, the current AR market leader. Check out the unveiling here (<\/span>watch, runtime: 2:21<\/a><\/span>). Picking up the news are: <\/span>Reuters<\/a><\/span> | <\/span>Bloomberg<\/a><\/span> | <\/span>Financial Times<\/a><\/span> | <\/span>Wall Street Journal<\/a><\/span> | <\/span>CNBC<\/a><\/span>.<\/span><\/p>\n

Also from the conference:<\/span> A new 15-inch MacBook air, Mac Pro, a more powerful M2 Ultra <\/span>chip, and a host of software updates. <\/span>Techcrunch<\/a><\/span> has you covered. <\/span><\/p>\n

THE REALIGNMENT-<\/span><\/p>\n

Turkey\u2019s ties with the Arab world will likely continue to thaw<\/span> under the country\u2019s new <\/span>foreign minister, Hakan Fidan, according to <\/span>Bloomberg<\/a><\/span>. Fidan has already held back-channel talks with countries where relations were previously tense, including Egypt, as part of a broader realignment with the region and a need to attract investment to Turkey. He was appointed to the cabinet on Saturday following Turkish President Recep Tayyip Erdogan\u2019s reelection last week.<\/span><\/p>\n

Remember: <\/span>Erdogan and President El Sisi agreed last week to <\/span>\u201cimmediately\u201d move to restore<\/a><\/span>ties<\/a><\/span> and reappoint ambassadors. The two leaders are expected to meet soon for their first face-to-face talks.<\/span><\/p>\n

Iran opens its doors in Saudi:<\/span> The Iranian Embassy will today reopen its embassy in Riyadh <\/span>for the first time since 2016, <\/span>Iranian media<\/a><\/span> quoted the country\u2019s foreign ministry spokesperson as saying yesterday. In a surprise turn in March, the two former foes<\/span>announced they would resume diplomatic relations<\/a><\/span> and reopen embassies in a China-brokered agreement.<\/span><\/p>\n

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CIRCLE YOUR CALENDAR-<\/span><\/p>\n

Key data points to look out for over the <\/span>coming weeks:<\/span><\/p>\n