{"id":598078,"date":"2019-05-14T03:31:39","date_gmt":"2019-05-14T03:31:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/what-were-tracking-on-14-may-2019\/"},"modified":"2019-05-14T03:31:39","modified_gmt":"2019-05-14T03:31:39","slug":"what-were-tracking-on-14-may-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/what-were-tracking-on-14-may-2019\/","title":{"rendered":"What we\u2019re tracking on 14 May 2019"},"content":{"rendered":"<p><b>Good morning, friends, and welcome to the slowest news morning yet of Ramadan. <\/b>Business is moving at a snail\u2019s pace between the heat and lack of caffeine, making the one big story of the day the still-unfolding mess in global markets. We have the full rundown in this morning\u2019s Speed Round, below.<\/p>\n<p><b>Meanwhile, the global stock sell-off has ensured Uber and Jumia spent another day in the dog house. <\/b>Uber <a href=\"https:\/\/www.reuters.com\/article\/us-uber-stock\/uber-shares-fall-for-second-day-after-ill-fated-ipo-idUSKCN1SJ1EW\">fell nearly 11%<\/a> as it slid again on its second day of trading, leaving the ride-hailing app\u2019s shares down nearly 18% since it went public last week. CEO Dara Khosrowshahi <a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/uber-technologies-stock-ipo-ceo-draws-on-facebook-amazon-starts-2019-5-1028196183\">reassured staff<\/a> that everything will be okay.<\/p>\n<p><b>Jumia (and the very notion of consumer-focused tech in Africa) got a kick in the teeth from the FT\u2019s <\/b><a href=\"https:\/\/www.ft.com\/content\/4b14a76c-7581-11e9-be7d-6d846537acab\"><b>influential Lex column<\/b><\/a> yesterday. The column took note of a short-seller Citron\u2019s claims that Jumia misled investors on customer and merchant numbers and hid the fact that \u201c41% of its deliveries were either returned, not delivered or canceled,\u201d as we <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/12\/what-were-tracking-on-12-may-2019\/\">noted earlier this week<\/a>. Lex\u2019s view on the potential of tech in Africa is facile, to say the least, but the column is widely read\u2026<\/p>\n<p><b>Keep it all in context (for Uber, at least): <\/b>Both Amazon and Facebook struggled with their share prices after going public, with El Face taking close to 12 months to climb back above the price at which it went public.<\/p>\n<hr class=\"grey-line\">\n<p><b>WhatsApp can be used to inject commercially available Israeli spyware on your phone<\/b>, whether it\u2019s an Android or iOS model. The vulnerability \u2014 which still hasn\u2019t been patched \u2014 allowed spyware to be installed via WhatsApp voice call whether you answered the call or not, the <a href=\"https:\/\/www.ft.com\/content\/4da1117e-756c-11e9-be7d-6d846537acab\">Financial Times<\/a> reports. And here you thought we just like to polish our tinfoil hats with all these warnings about privacy\u2026<\/p>\n<p><b>Also worth knowing about this morning:<\/b><\/p>\n<ul>\n<li><b>Europe is warning the US and Iran not to inadvertently trigger a war<\/b> as tensions escalated following an attack on four ships in a UAE port, including two Saudi oil tankers. (<a href=\"https:\/\/www.ft.com\/content\/2b9c4ac8-7597-11e9-be7d-6d846537acab\">FT<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-48245204\">BBC<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2019\/may\/13\/europe-urges-mike-pompeo-and-us-to-show-restraint-towards-iran\">Guardian<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/europe\/pompeo-crashes-brussels-meeting-of-eu-diplomats-for-iran-talks\/2019\/05\/13\/7cb68214-7337-11e9-9331-30bc5836f48e_story.html?utm_term=.634ec5a54197\">Washington Post<\/a>)<\/li>\n<li><b>Good news for our energy export ambitions:<\/b> Europe more than doubled its LNG imports in 1Q2019 despite an unusually warm winter, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-13\/europe-gets-bailout-as-cheap-lng-offsets-decline-in-gas-output?srnd=premium-middle-east\">Bloomberg<\/a> reports, citing \u201cgenuine underlying demand\u201d and falling European production. <\/li>\n<li><b>At least four people are dead in Khartoum <\/b>as violence flared following the announcement of a power-sharing agreement between the military council and opposition groups, <a href=\"https:\/\/www.reuters.com\/article\/us-sudan-protests\/clashes-in-sudans-capital-after-deal-on-transitional-power-structure-idUSKCN1SJ13X?il=0\">Reuters<\/a> reports. <\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><b>A pre-iftar reading list to kill time<\/b> between your post-workout shower and the breaking of the fast:<\/p>\n<ul>\n<li><b>How to help your kids accept their future robot overlords. <\/b>Or, as the WSJ puts it somewhat less breathlessly: Today\u2019s middle-schoolers are the first generation of \u201cAI natives.\u201d Here\u2019s how to <b><a href=\"https:\/\/www.wsj.com\/articles\/how-to-teach-kids-about-ai-11557759541\">teach them about algorithms and their effects<\/a><\/b>. <\/li>\n<li><b>Shut up and get lost: <\/b>The last thing a new CEO wants is her predecessor sticking around to offer advice, the <b><a href=\"https:\/\/www.ft.com\/content\/46741914-71a7-11e9-bbfb-5c68069fbd15\">Financial Times<\/a><\/b> sagely suggests.<\/li>\n<li><b>Time to short trebuchet stocks?<\/b> <a href=\"https:\/\/www.wsj.com\/articles\/game-of-thrones-is-ending-whats-the-outlook-for-the-trebuchet-industry-11557683519\">This WSJ profile<\/a> looks at the future of taxidermy and film-set tourism in Ireland as Game of Thrones draws to a close.<\/li>\n<li><b>Hollywood star Doris Day passed away yesterday at 97<\/b>.<a href=\"https:\/\/www.reuters.com\/article\/us-people-doris-day\/hollywood-star-doris-day-singer-of-que-sera-sera-dead-at-97-idUSKCN1SJ1E7\">Reuters<\/a> covers the illustrious acting career of one of the greatest box-office attractionsof the 1950s and 60s, and a brief preview into how she got there. The <a href=\"https:\/\/www.nytimes.com\/2019\/05\/13\/obituaries\/doris-day-death.html\">New York Times<\/a> obit is also worth a read.<\/li>\n<\/ul>\n<p><b>RAMADAN PSA-<\/b> Bank hours are at 9am-2pm for employees; doors are open from 9:30am until 1:30pm for customers. The trading day at the EGX runs 10:00am until 1:30pm.<\/p>\n<p><b>So, when do we eat?<\/b> Maghrib is at 6:40 pm CLT today in Cairo. You\u2019ll have until 3:23 am tomorrow morning to caffeinate \/ finish your sohour.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends, and welcome to the slowest news morning yet of Ramadan. Business is moving at a snail\u2019s pace between the heat and lack of caffeine, making the one big story of the day the still-unfolding mess in global markets. We have the full rundown in this morning\u2019s Speed Round, below. Meanwhile, the global [&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":[93,72,716,592,91,219,90,441,74,2935],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598078","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-energy","tag-enterpriseam","tag-iran","tag-jumia","tag-oil-and-gas","tag-saudi-arabia","tag-uae","tag-uber","tag-what-were-tracking-today","tag-whatsapp","wpautop","entry"],"acf":{"mongo_id":"9dde790a-7db2-431c-9363-e1057c59ddf8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[598076],"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 14 May 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\/05\/14\/what-were-tracking-on-14-may-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 14 May 2019\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and welcome to the slowest news morning yet of Ramadan. Business is moving at a snail\u2019s pace between the heat and lack of caffeine, making the one big story of the day the still-unfolding mess in global markets. We have the full rundown in this morning\u2019s Speed Round, below. 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Jumia has come out to play","author":"enterpriseam admin","date":"1 March 2021","format":false,"excerpt":"Jumia looks to capitalize on Uber Eats\u2019 Egypt exit: Jumia is planning to expand its food delivery service Jumia Food in Egypt as part of the company\u2019s Africa expansion, co-CEO Sacha Poignonnec tells Bloomberg this morning. Jumia is bullish on food delivery services in Egypt where there is a gap\u2026","rel":"","context":"In &quot;SPEED ROUND: INVESTMENT WATCH&quot;","block_context":{"text":"SPEED ROUND: INVESTMENT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/385.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555729,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/24\/new-incentives-for-airlines-to-fly-to-tourist-hotspots-jumia-links-up-with-valu\/","url_meta":{"origin":598078,"position":1},"title":"New incentives for airlines to fly to tourist hotspots + Jumia links up with Valu","author":"enterpriseam admin","date":"24 November 2021","format":false,"excerpt":"Airlines receive 50% operating fee discount at tourist hotspots: Airlines are getting 50% off on landing, accommodation, and waiting fees at South Sinai, Marsa Matrouh, Luxor, Aswan, and Red Sea airports through April 2022, according to adecision (pdf) by the Civil Aviation Minister in the Official Gazette.Other things we\u2019re keeping\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594049,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/jumia-to-launch-tech-hub-in-egypt-to-support-its-e-payments-system-jumia-pay\/","url_meta":{"origin":598078,"position":2},"title":"Jumia to launch tech hub in Egypt to support its e-payments system, Jumia Pay","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"Nigeria-based e-commerce platform Jumia plans to launch a tech hub in Egypt to support its e-payments system Jumia Pay, Jumia Egypt CEO Hesham Safwat said, according to Egypt Today. The tech hub will train a team of developers and engineers to offer technical support so that online payments through Jumia\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597983,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/12\/what-were-tracking-on-12-may-2019\/","url_meta":{"origin":598078,"position":3},"title":"What we\u2019re tracking on 12 May 2019","author":"enterpriseam admin","date":"12 May 2019","format":false,"excerpt":"Welcome to another workweek, ladies and gentlemen \u2014 and to week two of Ramadan.Driving the agenda this week (caffeine withdrawal aside): Earnings season will hit a crescendo. Results from those companies that have so-far reported have been generally solid; The prognostication begins ahead of the central bank\u2019s meeting on Thursday,\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":591606,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/what-were-tracking-on-11-december-2019\/","url_meta":{"origin":598078,"position":4},"title":"What we\u2019re tracking on 11 December 2019","author":"enterpriseam admin","date":"11 December 2019","format":false,"excerpt":"Today will largely be shaped by how two IPOs will fare in their market debuts. Here at home, Rameda Pharma shares will begin trading under the ticker RMDA today, marking the second and last IPO for Egypt in 2019. Meanwhile, the international press will be closely watching the long-awaited start\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":562977,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/jumia-flags-egypt-as-a-top-investment-destination-looking-at-everything-from-digital-payments-to-last-mile-delivery\/","url_meta":{"origin":598078,"position":5},"title":"Jumia flags Egypt as a top investment destination, looking at everything from digital payments to last-mile delivery","author":"enterpriseam admin","date":"14 June 2021","format":false,"excerpt":"Africa-focused e-commerce giant Jumia plans to invest over USD 590 mn in Egypt and other African countries over the upcoming years starting 2021, CEO Hesham Safwat told Enterprise. Safwat declined to reveal exactly what portion of the funds would be directed towards Egypt, but said that it is \u201cone of\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/180.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\/598078","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=598078"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598078\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598076"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598078"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598078"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}