{"id":592769,"date":"2019-11-06T04:00:59","date_gmt":"2019-11-06T04:00:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/"},"modified":"2019-11-06T04:00:59","modified_gmt":"2019-11-06T04:00:59","slug":"what-were-tracking-on-6-november-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/","title":{"rendered":"What we\u2019re tracking on 6 November 2019"},"content":{"rendered":"<p><b>We could inadvertently end up with a sixth legislative cycle in a five-year parliamentary term.<\/b> Why? Our illustrious members of parliament set the legislative cycle to run between October and June every year, quite forgetting that their five-year parliamentary term will end in January 2021. The House Legislative Committee is now looking into whether a sixth, curtailed legislative session will be needed to bridge the gap between June 2020 and January 2021. <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1440754\">Al Masry Al Youm has the story<\/a>.<\/p>\n<p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <b>GERD talks get underway in Washington today:<\/b> Foreign Minister Sameh Shoukry is in Washington D.C. today for talks with his Ethiopian and Sudanese counterparts aimed at breaking the deadlock on Grand Ethiopian Renaissance Dam (GERD) negotiations. President Donald Trump invited the three countries to the US capital two weeks ago as <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/23\/ethiopian-pm-raises-threat-of-war-ahead-of-gerd-meeting-with-el-sisi\/\">temperatures rose<\/a> between Egypt and Ethiopia. It\u2019s still not clear precisely what the US role is in the situation: Ethiopia has refused to accept the US as a mediator and <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/03\/what-were-tracking-on-3-november-2019\/\">said that<\/a> today\u2019s meeting will feature discussions only. Meanwhile, technical talks are due to resume in the coming weeks following President Abdel Fattah El Sisi and Ethiopian PM Abiy Ahmed\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/27\/egypt-ethiopia-agree-to-dial-back-gerd-tensions-restart-talks\/\">agreement<\/a> at the Russia-Africa summit. <a href=\"https:\/\/www.thenational.ae\/world\/mena\/egypt-and-ethiopia-to-begin-nile-dam-mediation-talks-in-the-us-1.933692\">The National<\/a> has more background on the talks.<\/p>\n<p><b>Trump has chosen US Treasury Secretary Steve Mnuchin to lead the meeting,<\/b> instead of letting the State Department take the reins, which has been discussing the issue with the parties since at least 2011, <a href=\"https:\/\/www.voanews.com\/usa\/mnuchin-host-nile-dam-meeting-washington\">Voice of America says<\/a>.<\/p>\n<p><b>We also know that World Bank President David Malpass will be present during the talks.<\/b> Law professor Ayman Salama tells <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/355340\/Egypt\/Politics-\/World-Bank-can-be-key-player-in-reaching-final-dea.aspx\">Ahram Online<\/a> that the World Bank is the \u201cmost competent\u201d international authority to lead mediation efforts given that it has studied the economic, social and environmental effects of dams built on transboundary rivers.<\/p>\n<p><b>Shoukry thanked the US for its efforts to solve the dispute during talks with Trump advisor Jared Kushner yesterday,<\/b> <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1404051469773214\/?type=3&theater\">a cabinet statement said<\/a>. They also discussed the situation in Palestine, and Turkey\u2019s invasion of northern Syria.<\/p>\n<p><b>Today is the last day of the <\/b><a href=\"https:\/\/sdg.iisd.org\/events\/arab-sustainable-development-week\/\"><b>Arab Sustainable Development Week<\/b><\/a><b>,<\/b> which has been running all week in our fair city.<\/p>\n<p><b>Key dates on which to keep your eye:<\/b><\/p>\n<ul>\n<li><b>Sunday, 10 November is inflation day<\/b>, with the CBE and state statistics agency CAPMAS releasing figures for headline and core inflation;<\/li>\n<li><b>Thursday, 14 November is interest rate day<\/b>, when the CBE\u2019s Monetary Policy Committee meets to seat interest rates. The committee has cut rates at its last two meetings.<\/li>\n<\/ul>\n<p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/somabay-1600.jpg?ssl=1\" \/><\/a><\/p>\n<p><b>Uber books third-largest loss in 3Q, insists it is on the way to profitability:<\/b> Ride hailing giant Uber is optimistic it will turn a profit in 2021 despite posting a series of bn-USD quarterly losses, <a href=\"https:\/\/www.wsj.com\/articles\/uber-booked-another-quarterly-loss-as-revenue-climbed-11572901549?mod=hp_lead_pos3\">according to the Wall Street Journal<\/a>. CEO Dara Khosrowshahi said Uber projects its full-year EBITDA to be in the green within two years despite recording a USD 1.2 bn loss in 3Q2019. Shares promptly dived almost 10% to hit a new record low of USD 28.01, <a href=\"https:\/\/www.marketwatch.com\/story\/uber-stock-falls-to-new-low-after-earnings-ahead-of-lockup-expiration-2019-11-05\">MarketWatch says<\/a>.<\/p>\n<p><b>OPEC predicts that demand for its oil will decrease by roughly 7% over the next four years,<\/b> with the market being flooded with supplies of US shale, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-11-05\/opec-sees-its-market-share-shrinking-for-years-as-shale-triumphs?srnd=premium-middle-east\">Bloomberg reports<\/a>. Demand could reach as little as 32.7 mn bbl\/d in 2023, OPEC said in its annual report. By contrast, US shale output could climb by over 40% to reach 17 mn bbl\/d \u2014 or a fifth of global daily output at that time, it predicts.<\/p>\n<hr class=\"grey-line\" \/>\n<p><b>Trump administration mulls China tariff concessions:<\/b> The US is considering removing some tariffs on Chinese goods in a bid to freeze hostilities and agree an initial trade pact, five sources familiar with the talks told <a href=\"https:\/\/www.ft.com\/content\/4f6580dc-ff53-11e9-b7bc-f3fa4e77dd47\">the Financial Times<\/a>. In order to reach an agreement, the White House would reportedly lift the 15% tariffs on USD 112 bn of Chinese goods (such as clothes, appliances and flatscreen TVs). The RMB strengthened past RMB 7 per USD for the first time since August on the news.<\/p>\n<p><b>Moody\u2019s downgrades Lebanon as economic crisis intensifies:<\/b> Moody\u2019s cut Lebanon\u2019s credit rating yesterday to Caa2 with a negative outlook, reflecting the increasing risks that the government may default on its debt, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-11-05\/lebanon-downgraded-by-moody-s-amid-bond-meltdown?srnd=premium\">Bloomberg says<\/a>. Widespread protests and political paralysis make it likely that the government will fail to pass a budget in 2020 and push ahead with emergency economic reforms, Moody\u2019s analyst Elisa Parisi-Capone said. Lebanese bonds plummeted 4.8% after the decision, making them the worst-performing sovereigns in the EM space.<\/p>\n<p><b>Another nail in the coffin of the Iran nuclear agreement: <\/b>Iranian President Hassan Rouhani has announced that the country will begin supplying centrifuges with uranium gas, effectively restarting its nuclear enrichment program, <a href=\"https:\/\/apnews.com\/5493fa5ba172462aa1f2e7f91196be43\">the Associated Press reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We could inadvertently end up with a sixth legislative cycle in a five-year parliamentary term. Why? Our illustrious members of parliament set the legislative cycle to run between October and June every year, quite forgetting that their five-year parliamentary term will end in January 2021. The House Legislative Committee is now looking into whether a [&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":[7204],"tags":[344,93,72,281,441,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592769","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-cryptocurrency","tag-energy","tag-enterpriseam","tag-moustafa-madbouly","tag-uber","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"7dc66221-94f7-430e-b352-7b832939a8ce","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[592767],"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>What we\u2019re tracking on 6 November 2019 - 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\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on 6 November 2019\" \/>\n<meta property=\"og:description\" content=\"We could inadvertently end up with a sixth legislative cycle in a five-year parliamentary term. Why? Our illustrious members of parliament set the legislative cycle to run between October and June every year, quite forgetting that their five-year parliamentary term will end in January 2021. The House Legislative Committee is now looking into whether a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-06T04:00:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2019\/11\/somabay-1600.jpg\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What we\u2019re tracking on 6 November 2019\",\"datePublished\":\"2019-11-06T04:00:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/\"},\"wordCount\":762,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2019\/11\/somabay-1600.jpg\",\"keywords\":[\"cryptocurrency\",\"energy\",\"EnterpriseAM\",\"Moustafa Madbouly\",\"Uber\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/what-were-tracking-on-6-november-2019\/\",\"name\":\"What we\u2019re tracking on 6 November 2019 - 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The House of Representatives will begin a sixth and final legislative cycle that will begin in October 2020 and wrap up in January 2021, House Speaker Ali Abdel Aal announced yesterday, according to Masrawy. Abdel Aal justified the\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":591510,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/what-were-tracking-on-9-december-2019\/","url_meta":{"origin":592769,"position":1},"title":"What we\u2019re tracking on 9 December 2019","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"The House of Representatives had a busy first day back in session yesterday, with a pile of legislation receiving general assembly and committee-level approval. We have the full roundup in this morning\u2019s Speed Round, below. Today could be just as eventful, as proposed amendments to the 2005 Income Tax Act\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":629804,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/what-were-tracking-this-week-32\/","url_meta":{"origin":592769,"position":2},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"2 April 2018","format":false,"excerpt":"GERD talks kicking off again this week: The ministers of foreign affairs and irrigation, as well intelligence chiefs from Egypt, Sudan, and Ethiopia, are scheduled to meet on Wednesday and Thursday to resume talks over the Grand Ethiopian Renaissance Dam (GERD). This comes as Ethiopia is set to swear in\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","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":558927,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/03\/what-were-tracking-on-3-january-2021\/","url_meta":{"origin":592769,"position":3},"title":"What we\u2019re tracking on 3 January 2021","author":"enterpriseam admin","date":"3 January 2021","format":false,"excerpt":"Good morning, wonderful people. It\u2019s officially no longer 2020. Since we last wrote to you, the UK\u2019s tumultuous breakup with the EU after a 48-year union finally came to a close. After months of delays and highwire negotiations, the two sides managed to scrape together a last-minute trade pact, preventing\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":567132,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/what-were-tracking-on-14-january-2020\/","url_meta":{"origin":592769,"position":4},"title":"What we\u2019re tracking on 14 January 2020","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"Regional politics are continuing to hog the limelight this morning, as negotiations over the Grand Ethiopian Renaissance Dam enter their second day and Libya truce talks finished the day without a resolution. Libya truce talks enter their second day in Moscow today, after eight hours of negotiations failed to produce\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":567257,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/progress-and-uncertainty-in-washington-as-gerd-talks-end-without-agreement\/","url_meta":{"origin":592769,"position":5},"title":"Progress and uncertainty in Washington as GERD talks end without agreement","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"Progress and uncertainty in Washington as GERD talks end without agreement: The Egyptian, Ethiopian and Sudanese foreign ministers have agreed to return to Washington on 28-29 January for another round of talks after negotiations yesterday ended without agreement over the filling timetable of the Grand Ethiopian Renaissance Dam. A joint\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/622.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592769","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=592769"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592769\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592767"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=592769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=592769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=592769"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=592769"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=592769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}