{"id":591510,"date":"2019-12-09T04:29:38","date_gmt":"2019-12-09T04:29:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/what-were-tracking-on-9-december-2019\/"},"modified":"2019-12-09T04:29:38","modified_gmt":"2019-12-09T04:29:38","slug":"what-were-tracking-on-9-december-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/what-were-tracking-on-9-december-2019\/","title":{"rendered":"What we\u2019re tracking on 9 December 2019"},"content":{"rendered":"

The House of Representatives had a busy first day back in session yesterday<\/strong>, with a pile of legislation receiving general assembly and committee-level approval. We have the full roundup in this morning\u2019s Speed Round, below.<\/p>\n

Today could be just as eventful, as proposed amendments to the 2005 Income Tax Act<\/strong> and the draft Customs Act<\/strong> will be under discussion in the House Planning and Budgeting Committee, committee secretary Essam El Feky says<\/a>.<\/p>\n

Talk of a cabinet shuffle has new momentum after House Speaker Ali Abdel Aal <\/strong>slammed the Justice Minister for allegedly failing to clamp down on corruption <\/strong>and poor service at his ministry\u2019s notary public offices. State-owned Ahram Online<\/a> says Abdel Aal threatened to call the minister in for a public hearing \u201cunless the government moves quickly to address this situation.\u201d Too many members of the current cabinet, Abdel Aal said, are \u201cexporting problems to the public and the president\u201d rather than working on solutions and the Madbouly government needs to \u201clive up to its responsibilities in line with the constitution [and] improve its performance.\u201d Al Masry Al Youm<\/a> also has the story.<\/p>\n

GERD talks resume today:<\/strong> The Egyptian, Ethiopian, and Sudanese foreign ministers will meet in Washington today for the third round of US\/World Bank-sponsored talks over the Grand Ethiopian Renaissance Dam, the Irrigation Ministry said in a statement yesterday<\/a>. The three countries have committed to reaching an agreement by the end of the fourth round of talks, scheduled to take place in Washington on 13 January.<\/p>\n

Inflation figures for November are out tomorrow.<\/strong> Headline inflation fell to new multi-year<\/a>lows of 2.4%<\/a> in October due to cooling food and beverage inflation and a favorable base effect.<\/p>\n

Rameda Pharma shares start trading on Wednesday <\/strong>under the ticker RMDA.<\/p>\n

The US Federal Reserve will hold its final meeting of 2019 tomorrow and<\/strong> Wednesday:<\/strong> The central bank held fire on making further cuts to interest rates at its last meeting at the end of October, having made three consecutive 25 bps rate cuts in what Fed Chair Jay Powell termed a \u201cmid cycle adjustment.\u201d Last week\u2019s solid jobs figures mean that rates probably aren\u2019t going anywhere this week \u2014 and according to a Bloomberg poll of economists<\/a> may well go unchanged through to the end of 2021.<\/p>\n

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

International news worth knowing about: <\/strong><\/p>\n