{"id":594959,"date":"2019-09-12T03:44:27","date_gmt":"2019-09-12T03:44:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/what-were-tracking-on-12-september-2019\/"},"modified":"2019-09-12T03:44:27","modified_gmt":"2019-09-12T03:44:27","slug":"what-were-tracking-on-12-september-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/what-were-tracking-on-12-september-2019\/","title":{"rendered":"What we\u2019re tracking on 12 September 2019"},"content":{"rendered":"

Reactions to Tuesday\u2019s unexpected inflation figures continue to roll in:<\/b> August\u2019s inflation figures could give the central bank room to cut rates by 150 bps between now and the end of the year Anita Yadav, vice chair of the Gulf Bond and Sukuk Association, told Bloomberg TV yesterday (watch, runtime: 5:41<\/a>). And if it goes ahead with further cuts, there is little risk of substantial outflows from Egyptian debt as real interest rates \u201care still very, very attractive\u201d compared to other emerging markets, she said.<\/p>\n

On that note, foreign holdings of Egyptian treasuries totaled USD 19.3 bn in July,<\/b> up from USD 18.9 bn in June, according to a Finance Ministry presentation (pdf)<\/a> we ran on Wednesday. Foreign holdings of T-bills alone, dipped slightly to USD 16.67 bn in July, down from USD 16.79 bn in June, Central Bank of Egypt figures showed yesterday (pdf)<\/a>.<\/p>\n

<\/a> Prepare for more congestion than usual in downtown Cairo as of 1 October, when the House of Representatives is set to reconvene<\/b> for its next legislative session under a decree President Abdel El Sisi issued yesterday, according to Ahram Online<\/a>. This will be the last legislative session for the House before new parliamentary elections are held at the end of 2020.<\/p>\n

Parliament\u2019s committee heads will remain more or less the same during the new session<\/b>, an unnamed source from the pro-government Support Egypt coalition, the largest political bloc in parliament, tells Al Shorouk<\/a>. According to the source, only a \u201cnegligible number\u201d of changes will be made when the House holds its annual internal elections.<\/p>\n

\n

It\u2019s the final day of EFG Hermes\u2019 annual investor conference in London today<\/b> at the Arsenal Emirates Stadium. The event provides a forum for investors, company executives, and fund managers from Egypt and other frontier and emerging markets to network and discuss investment options with London-based investors.<\/p>\n

The <\/b>Sahara agricultural expo<\/b><\/a> also enters its final day<\/b> at the Egypt International Exhibition Center.<\/p>\n

The latest edition of the <\/b>National Youth Conference<\/b><\/a> will kick off on Saturday<\/b> at Al Manara conference center in New Cairo. The one-day event will feature the usual the \u201cAsk the President\u201d Q&A session.<\/p>\n

Other events coming up this month:<\/p>\n