{"id":590726,"date":"2023-07-25T00:00:00","date_gmt":"2023-07-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/govt-to-address-power-crisis-in-presser-today-or-tomorrow\/"},"modified":"2023-07-25T00:00:00","modified_gmt":"2023-07-25T00:00:00","slug":"govt-to-address-power-crisis-in-presser-today-or-tomorrow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/govt-to-address-power-crisis-in-presser-today-or-tomorrow\/","title":{"rendered":"Gov\u2019t to address power crisis in presser today or tomorrow"},"content":{"rendered":"

Good morning, folks:<\/strong> Presenting the soundtrack<\/a> to this morning\u2019s issue. Yes, it\u2019s that quiet. <\/p>\n

It\u2019s not just us: <\/strong> Other than the kerfuffle in Israel, the global press is crickets this morning, with some of the most-read stories being a discussion of Who ges to wear G-strings now?<\/a>(New York Times), Kylian Mbappe\u2019s USD 333 mn offer to join Saudi Arabia\u2019s Al-Hilal<\/a>(Bloomberg), and the launch of OpenAI boss Sam Altman\u2019s not-even-remotely creepy \u201cWorldcoin\u201d crypto project<\/a>(Reuters). <\/p>\n

The QAnon nutters are going to have a blast with this one: <\/strong> To get a Worldcoin<\/a> \u201cWorld ID\u201d, you\u2019ll need to stare \u2014 in person \u2014 into a bowling-ball-sized silver orb to prove you\u2019re a human and not a robot\u2026 <\/p>\n

<\/a> THE BIG STORY HERE AT HOME on this very hot morning- How <\/strong> many more sweaty 5ams do we have to endure?<\/strong> Officials will hold a press conference either today or tomorrow to offer a bit more clarity on the power crisis that has seen rolling blackouts become a daily feature of life across the country over the past week. That\u2019s according to Amr Adib, who commented on the situation on El Hekaya last night ( watch, runtime: 3:07<\/a>). More on this in Last Night\u2019s Talk Shows, below. <\/p>\n

Missing from the ministry\u2019s policy toolkit: The \u2018pray for colder weather\u2019 strategy. <\/strong> The ongoing wave of extreme heat is still showing few signs of abating, with the country\u2019s official weather forecaster now predicting<\/a> the mercury to stay at current levels at least until Friday, when the temperature in the capital could fall to 36\u00b0C. <\/p>\n

Our favorite weather app begs to differ<\/strong>, serving up a 14-day forecast that sees temps in the 40-44\u00b0C range as far as the eye can see. The only \u201crespite\u201d (if you can call it that) could come on Sunday and Monday, when the mercury is forecast to dip to 39\u00b0C. When it comes to daytime highs, we trust the app more than any other source. <\/p>\n

From the Department of the Obvious: El Ni\u00f1o isn\u2019t <\/strong> fake weather news<\/a><\/strong> .<\/strong> The record<\/a> temperatures<\/a> seen across the world this month have coincided with the re-emergence of the warming El Ni\u00f1o climate pattern in the eastern Pacific in recent weeks. <\/p>\n

<\/a> How does this affect Egypt, you ask?<\/strong> We talk to climate scientists to find out how the weather phenomenon will impact Egypt\u2019s water security and coastal areas in this morning\u2019s Going Green, below. Be sure to check out Enterprise Climate\u2019s recent two-parter, which looked at the regional implications of El Ni\u00f1o: Part 1<\/a> | Part 2<\/a>. <\/p>\n

\n

\n

DATA POINTS-<\/strong> <\/p>\n

#1- Flights rise in 1H 2023: <\/strong> The number of flights coming and going from Egypt h as jumped almost 30% to 191k during the first six months of 2023 from the same period last year, according to figures shared by the Civil Aviation Ministry<\/a> last week. <\/p>\n

Planes are fuller (or larger) (or both)<\/strong> :<\/strong> We\u2019ve seen a 43.5% year-on-year increase in passengers in the same period, with some 23.2 mn arrivals, the ministry said. <\/p>\n

#2- Port container traffic is up: <\/strong> Red Sea ports handled some 3.5 mn tons of general cargo during 1H 2023, up 15% from the same period last year, the Red Sea Ports Authority said<\/a> yesterday. <\/p>\n

ALSO HAPPENING TODAY-<\/strong> <\/p>\n

<\/a> The National Dialogue is back<\/strong> for the first time since taking an extended break before Eid. The two sessions to be held this week, today and on Thursday, will focus on political and social issues, and will see participants work to come up with legislative recommendations to submit to President El Sisi, Emad El DIn Hussein, a member of the dialogue\u2019s board of trustees, said in a televised interview on Saturday ( watch, runtime: 9:02<\/a>). The dialogue kicked off in May<\/a>, holding three weekly sessions discussing political, economic, and social issues. <\/p>\n

How long is the dialogue going on for?<\/strong> How long is a piece of string? Officials haven\u2019t given any indication on how many sessions will be held or when the process could wrap. <\/p>\n

AND- Sudanese opposition groups are in Cairo: <\/strong> The Forces of Freedom and Change Alliance \u2014 a coalition of civilian political parties that participated in the protests that ousted Omar Al Bashir and tried to end the country\u2019s ongoing military rule \u2014 kicked off a two-day meeting in Cairo yesterday<\/a> to discuss how to bring an end to the civil war in Sudan. <\/p>\n

<\/a> PLUS- <\/strong> It\u2019s Fed week:<\/strong> The Federal Reserve will kick off its two-day policy meeting today. For more on what analysts and the market expect the central bank to do, check out this morning\u2019s Planet Finance, below. <\/p>\n

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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n

<\/p>\n

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

<\/a> Israel has the front pages of the Western press to itself this morning<\/strong> after lawmakers voted th rough divisive judicial reforms proposed by Netanyahu\u2019s coalition of far-right parties. The bill, which will increase the government\u2019s powers over the Supreme Court, easily cleared the legislature yesterday after opposition parties boycotted the vote. With escalating protests, expectations for widespread strikes, and apparent divisions within the military<\/a>, the international press is full of talk of constitutional crises and existential threats to the country. The pick of the bunch: A Financial Times<\/a> op-ed by Yuval Noah Harari, who argues that \u201cthe future of the country is on the line.\u201d ( Reuters<\/a> | Bloomberg<\/a> | Financial Times<\/a> | Wall Street Journal<\/a> | New York Times<\/a> | Washington Post<\/a>) <\/p>\n

<\/p>\n

CIRCLE YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo.<\/strong> This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n

TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/p>\n

Do you want to become a commercial partner?<\/strong> Ping a note to Moustafa Taalab, our head of commercial<\/a>, or fill out this form<\/a> and we\u2019ll be in touch. <\/p>\n

<\/p>\n

*** 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

In today\u2019s issue: <\/strong> El Ni\u00f1o is here \u2014 and Egypt will not be spared. <\/p>\n","protected":false},"excerpt":{"rendered":"

The ongoing heatwave shows no signs of ending<\/p>\n","protected":false},"author":1,"featured_media":590727,"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":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"589a35a6-ae79-456e-9515-300b8764dbf6","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/7\/954.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gov\u2019t to address power crisis in presser today or tomorrow","related_issue":[590724],"teaser":"The ongoing heatwave shows no signs of ending","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.39f6f85c-d684-490f-899f-6dc66d3abb49.mp3"},"yoast_head":"\nGov\u2019t to address power crisis in presser today or tomorrow - 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We made it through another week together. There are just 21 days left in 2020, if you \u2014 like us \u2014 are keeping count. *** We\u2019re a bit late this morning because one of our cloud services is glitching this morning. We\u2019ve addressed most of the problem,\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":635400,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/what-were-tracking-this-week-82\/","url_meta":{"origin":590726,"position":1},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"4 December 2017","format":false,"excerpt":"Tomorrow is PMI day: The Emirates NBD \/ Markit purchasing managers\u2019 index for Egypt, the UAE and Saudi Arabia will be out on Tuesday morning at about 6:15am. Look for it here when it\u2019s released.","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":560894,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/what-were-tracking-on-1-7march-2021\/","url_meta":{"origin":590726,"position":2},"title":"What we\u2019re tracking on 1 7March 2021","author":"enterpriseam admin","date":"17 March 2021","format":false,"excerpt":"Good morning, friends, and happy St. Patrick\u2019s Day to all of you. It\u2019s a pleasantly calm news morning here at home.THE BIG STORY this morning: With 27 days left until Ramadan, the government is warning us all to be careful lest we trigger a third wave of covid-19. The message\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":598736,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/what-were-tracking-on-03-june-2019\/","url_meta":{"origin":590726,"position":3},"title":"What we\u2019re tracking on 03 June 2019","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"It\u2019s official: We\u2019re on Eid break as of tomorrow morning \u2014 but you may still be fasting. Both the central bank and the EGX have confirmed that our five-day Eid El Fitr weekend begins tomorrow. Banks, capital markets (and, by extension, much of the private sector) are on holiday Tuesday\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":559194,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/13\/what-were-tracking-on-13-january-2021\/","url_meta":{"origin":590726,"position":4},"title":"What we\u2019re tracking on 13 January 2021","author":"enterpriseam admin","date":"13 January 2021","format":false,"excerpt":"We have plenty of news for you on this fine Wednesday morning, starting with a surprise announcement from the Central Bank of Egypt that the nation\u2019s banks cannot distribute cash dividends for fiscal year 2020, though they may issue dividends in the form of stock. The decision is meant 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":[]},{"id":561036,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/what-were-tracking-on-23-march-2021\/","url_meta":{"origin":590726,"position":5},"title":"What we\u2019re tracking on 23 March 2021","author":"enterpriseam admin","date":"23 March 2021","format":false,"excerpt":"Good morning, friends, and welcome to Tuesday. It\u2019s a brisk news morning for you today, with news from across a wide spectrum of industries and a quiet day on the government affairs and regulation fronts. The two biggest stories of the day are out of the healthcare sector: Consumer healthcare\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\/590726","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=590726"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590726\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590727"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590726"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590726"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}