{"id":598337,"date":"2019-05-22T03:49:16","date_gmt":"2019-05-22T03:49:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/"},"modified":"2019-05-22T03:49:16","modified_gmt":"2019-05-22T03:49:16","slug":"what-were-tracking-on-22-may-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/","title":{"rendered":"What we\u2019re tracking on 22 May 2019"},"content":{"rendered":"<p><b>It\u2019s a big day as we prepare to slide into the weekend<\/b>, with blockbuster news for the banking industry, confirmation that electricity price hikes will be (slightly) more modest than some had expected, a quiet fintech M&A, and word the government is looking to possibly float infrastructure bonds.<\/p>\n<p><b>What\u2019s more: The notion of a new (tech?) \u201ccold war\u201d between the US and China has caught fire<\/b> in the global business press.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-05-20\/huawei-supply-freeze-points-to-u-s-china-tech-cold-war\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/2309.jpg?ssl=1\"><\/a><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>Need convincing that business thinks we\u2019re in the early days of a New Cold War between the world\u2019s two superpowers? <\/b>Look no further than CNBC\u2019s homepage this morning (above) \u2014 it\u2019s one of the best barometers for what\u2019s bedeviling Wall Street at any given moment. The emerging narrative is that the Washington-Beijing clash over trade and technology are actually fronts in a new cold war.<\/p>\n<p><b>ESSENTIAL READING <\/b>on the subject:<\/p>\n<ul>\n<li><b>The beginning: <\/b>Most folks are linking to \u201c<a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-05-20\/huawei-supply-freeze-points-to-u-s-china-tech-cold-war\">The Tech Cold War has begun<\/a>\u201d in Bloomberg Opinion this week as the origin of the notion, but a better starting point is <a href=\"https:\/\/www.nytimes.com\/2018\/03\/23\/technology\/trump-china-tariffs-tech-cold-war.html?module=inline\">this piece in the New York Times<\/a>, which we picked up in spring of 2018.<\/li>\n<li><b>Nouriel \u201cDr. Doom\u201d Roubini sees prolonged trade conflict between the US and China triggering a process of de-globalization <\/b>as it divides the world into two competing blocks. A \u201cfull-scale cold war will ensue [if the two sides don\u2019t manage for the long term] and a hot one (or a series of proxy wars) cannot be ruled out,\u201d he writes for <a href=\"https:\/\/www.theguardian.com\/business\/2019\/may\/20\/us-china-trade-war-donald-trump-xi-jinping\">the Guardian<\/a>.<\/li>\n<li><b>America\u2019s allies need to start contingency planning<\/b>, suggests Martin Wolf in <a href=\"https:\/\/www.ft.com\/content\/870c895c-7b11-11e9-81d2-f785092ab560\">the Financial Times<\/a>, pointing out that while the US and China account for around 30% of world imports, that means 70% of the global market is where other nations should be looking.<\/li>\n<li><b>This isn\u2019t new: <\/b>The new \u201cIron Curtain\u201d in the Tech Cold War has been a long time in the making, Li Yuan argues in the <a href=\"https:\/\/www.nytimes.com\/2019\/05\/20\/business\/huawei-trump-china-trade.html\">New York Times<\/a>.<\/li>\n<li><b>We\u2019re all going to suffer: <\/b>The escalation of the trade war could wipe out USD 600 bn from the world\u2019s economy, the OECD warns. (<a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/trump-trade-war-escalation-wipe-600-billion-world-economy-oecd-2019-5-1028219358\">Business Insider<\/a>) (We have more in this morning\u2019s Macro Picture, below.)<\/li>\n<\/ul>\n<p><b>Markets can\u2019t rely on the Fed to pick up the pieces:<\/b> Market complacency about the escalating trade fight between the US and China is unnerving JPMorgan\u2019s chief EMEA strategist Karen Ward, <a href=\"https:\/\/www.ft.com\/content\/5563cb48-7adc-11e9-81d2-f785092ab560\">who warns in the Financial Times<\/a> that <b>the Federal Reserve will not be able to support growth if China intensifies its trade restrictions<\/b>. \u201cIf the Fed were to keep pumping demand while political risks are discouraging investment, the result will be unbearable pressure on the labor market and further upward pressure on wages. US corporate profit margins, a huge contributor to the growth in US earnings, will come under pressure,\u201d she writes.<\/p>\n<p><b>Is there any non-China, non-US news out there? <\/b>Not really. The only headline of consequence in the global business press outside of the US-China \u2018cold war\u2019 is news that the UK may be heading for a second referendum on Brexit. (<a href=\"https:\/\/www.ft.com\/content\/6ef8bcec-7bc4-11e9-81d2-f785092ab560\">Financial Times<\/a> | <a href=\"https:\/\/www.reuters.com\/article\/us-britain-eu-may-referendum\/may-to-ask-lawmakers-to-vote-on-a-second-brexit-referendum-idUSKCN1SR1U8\">Reuters<\/a>)<\/p>\n<hr class=\"grey-line\">\n<p><b>Closer to home: It\u2019s interest rate day tomorrow:<\/b> The central bank\u2019s Monetary Policy Committee will meet tomorrow to review key interest rates. Our <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/19\/enterprise-poll-central-bank-of-egypt-to-maintain-rates-despite-drop-in-april-inflation\/\">poll showed on Sunday<\/a> a consensus among 12 economists that the CBE will leave rates on hold. Meanwhile, three of the 14 economists <a href=\"https:\/\/af.reuters.com\/article\/investingNews\/idAFKCN1SR0M6-OZABS\">polled by Reuters<\/a> yesterday predicted the bank would move to cut rates by 50-100 bps. The MPC <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/17\/central-bank-of-egypt-cuts-interest-rates-by-100-bps-in-first-mpc-meeting-in-2019\/\">cut the overnight deposit and lending rates<\/a> by 100 bps to 15.75% and 16.75% in February.<\/p>\n<p><b>Dates to pencil into your diaries:<\/b><\/p>\n<ul>\n<li><b>AmCham will hold its annual general meeting and iftar on Tuesday, 28 May,<\/b> with US Charge d\u2019Affaires Thomas Goldberger delivering a speech on the US\u2019 relationship with Egypt. AmCham members can register for the event <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\">here<\/a>.<\/li>\n<li><b>The Saudis are in town next month to talk real estate investment: <\/b>The Egyptian Businessmen\u2019s Association will be hosting <a href=\"https:\/\/www.alborsaanews.com\/2019\/05\/21\/1206311\">next month<\/a> 20 Saudi-based real estate development companies exploring investment prospects.<\/li>\n<li><b>The UAE and Saudi Arabia will attend Trump\u2019s Manama summit<\/b>, which is being billed as an \u201ceconomic gathering to roll out the White House\u2019s Mideast peace plan, <b><a href=\"https:\/\/www.axios.com\/saudi-arabia-uae-attend-trumps-economic-workshop-78d3447f-6f5e-4319-a381-112ba154c867.html\">Axios<\/a><\/b> reports. The meeting will take place 25-26 June. <\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p class=\"web-image\"><a href=\"https:\/\/www.ft.com\/content\/6c7bb28e-78a0-11e9-bbad-7c18c0ea0201\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/3432.jpg?ssl=1\"><\/a><\/p>\n<p><b>No first-day pop? No worries:<\/b> The performance of a company\u2019s shares in its trading debut is rarely indicative of its future performance, <a href=\"https:\/\/www.ft.com\/content\/6c7bb28e-78a0-11e9-bbad-7c18c0ea0201\">analysis by the FT suggests<\/a>. The paper examined data from all US IPOs raising more than USD 1 bn since 2000 and found that first-day performance isn\u2019t a reliable gauge of a stock\u2019s lifetime performance. Facebook, for example, had an uninspired first day of trading but its market cap has since risen fivefold. Infineon meanwhile jumped 127% on debut but has since plunged to around half of its IPO price.<\/p>\n<p><b>It\u2019s a big first day for: <\/b><a href=\"https:\/\/www.arabiancentres.com\/index\/en\/\"><b>KSA\u2019s Arabian Centres<\/b><\/a><b>, which is <\/b><a href=\"https:\/\/www.marketwatch.com\/story\/this-is-the-biggest-saudi-ipo-in-almost-five-years-and-the-first-to-allow-us-investors-to-put-money-in-directly-2019-05-20\"><b>scheduled<\/b><\/a><b> to make its debut on the Tadawul this morning<\/b> after <a href=\"https:\/\/www.ameinfo.com\/industry\/finance\/after-valuing-arabian-centres-at-dollar33bn-via-us-ipo-its-share-offering-to-start-tomorrow\">closing<\/a> the kingdom\u2019s third-largest IPO ever \u2014 and its <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-19\/goldman-sachs-to-test-saudi-rules-to-limit-stock-swings-post-ipo\">first with a stabilization mechanism<\/a> to support aftermarket performance. <b>Inktank Communications<\/b>, the region\u2019s leading <a href=\"http:\/\/inktankcommunications.com\/\">investor relations firm<\/a> and our parent company, is IR advisor to Arabian Centres.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/www.wsj.com\/articles\/its-never-too-late-to-start-a-brilliant-career-11556896617?shareToken=st450d1f44b896479c8d6fce37d50b63b4&mod=pkt05\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1429.jpg?ssl=1\"><\/a><\/p>\n<p><b>What We\u2019re Tracking Today, the Ramadan edition:<\/b><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <b>MUST READ- <\/b><a href=\"https:\/\/www.wsj.com\/articles\/its-never-too-late-to-start-a-brilliant-career-11556896617?shareToken=st450d1f44b896479c8d6fce37d50b63b4&mod=pkt05\"><b>It\u2019s never too late to start a brilliant career<\/b><\/a>, in the Wall Street Journal, which argues that \u201cour obsession with early achievement shortchanges people of all ages. Research shows that our brains keep developing deep into adulthood and so do our capabilities.\u201d <b>Creativity, innovation and lasting achievement are possible at every age<\/b>, argues the accomplished business journalist, author and late-bloomer Rich Karlgaard in a piece adapted from his book <a href=\"https:\/\/www.amazon.com\/Late-Bloomers-Patience-Obsessed-Achievement-ebook\/dp\/B07DMYZ4Q5\/\">Late Bloomers: The power of patience in a world obsessed with early achievement<\/a>. The piece is worth reading for this list alone:<\/p>\n<ul>\n<li>Famous movie villain Alan Rickman owned a graphic design studio for years before he got his first taste of fame at 42 for his role as Hans Gruber in \u201cDie Hard\u201d;<\/li>\n<li>Tom Siebel founded his first big tech company, Siebel Systems, at 41, and his second, C3, at 57;<\/li>\n<li>International star Andrea Bocelli began singing opera when he was 34;<\/li>\n<li>Martha Stewart was 35 when she started her catering business in a friend\u2019s basement, and 42 when her first book of recipes was published.<\/li>\n<\/ul>\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><a href=\"https:\/\/www.wsj.com\/articles\/ceos-share-their-most-helpful-and-unconventional-career-advice-11557503999\"><b>CEOs share their most helpful (and unconventional) career advice<\/b><\/a> should be required reading not just for fresh grads, but for the olds, too. Among the gems from CEOs of companies including Hyatt Hotels, Lyft, Clif Bar: <b>Empathy is the must-have skill<\/b> \u2014 and \u201cNo one likes a phony. Don\u2019t be a different person at work.\u201d (Wall Street Journal)<\/li>\n<li><a href=\"https:\/\/www.outsideonline.com\/2173721\/outside-guide-life-extension\"><b>8 Simple Tips to Live Longer and Healthier<\/b><\/a>, among them: Move, eat real foods, call your friends, skip the supplements, get eight hours of sleep a night, don\u2019t smoke and don\u2019t drink so much. (Outside magazine)<\/li>\n<li><b><a href=\"https:\/\/www.nytimes.com\/2019\/05\/19\/smarter-living\/let-go-of-your-grudges-theyre-doing-you-no-good.html\">Let go of your grudges. They\u2019re doing you no good<\/a><\/b>. They\u2019re bad for your brain, your blood pressure, your immune system\u2026 (New York Times)<\/li>\n<\/ul>\n<p><b>Bankers: Ever fantasize about starting your own boutique firm? <\/b>You\u2019re not alone, as this short YouTube video from the Financial Times suggests (<a href=\"https:\/\/www.youtube.com\/watch?v=rp5pkrhOnwA&feature=youtu.be\">watch, runtime: 1:59<\/a>). There\u2019s also <a href=\"https:\/\/bigdeal.ft.com\/videos\/rise-of-the-boutique-banks\/?utm_source=FT&utm_medium=editorial_backfill\">a brief companion piece here<\/a> in the salmon-colored paper.<\/p>\n<p><b>TECH PSA- Apple is making changes (again) to its MacBook butterfly keyboard<\/b> after user complaints of missed keystrokes and double-pressed keys. The change is part of a model upgrade that also brings eight-core processors to MacBook Pros for the first time. (<a href=\"https:\/\/9to5mac.com\/2019\/05\/21\/apple-announces-more-powerful-8-core-macbook-pro-with-updated-butterfly-keyboard-design\/\">9to5 Mac<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/apple-changes-macbook-butterfly-keyboard-after-user-complaints-11558458029\">WSJ<\/a>)<\/p>\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 6:45pm CLT today in Cairo. You\u2019ll have until 3:16am tomorrow morning to caffeinate \/ finish your sohour.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a big day as we prepare to slide into the weekend, with blockbuster news for the banking industry, confirmation that electricity price hikes will be (slightly) more modest than some had expected, a quiet fintech M&#038;A, and word the government is looking to possibly float infrastructure bonds. What\u2019s more: The notion of a new [&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":[271,116,72,349,724,132,388,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598337","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-central-bank-of-egypt","tag-china","tag-enterpriseam","tag-interest-rates","tag-monetary-policy","tag-trade","tag-us-federal-reserve","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"dc0c581d-79f9-45bc-a376-ea35db6cecbe","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[598335],"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 22 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\/22\/what-were-tracking-on-22-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 22 May 2019\" \/>\n<meta property=\"og:description\" content=\"It\u2019s a big day as we prepare to slide into the weekend, with blockbuster news for the banking industry, confirmation that electricity price hikes will be (slightly) more modest than some had expected, a quiet fintech M&amp;A, and word the government is looking to possibly float infrastructure bonds. What\u2019s more: The notion of a new [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-22T03:49:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2019\/5\/2309.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=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What we\u2019re tracking on 22 May 2019\",\"datePublished\":\"2019-05-22T03:49:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/\"},\"wordCount\":1310,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2019\/5\/2309.jpg\",\"keywords\":[\"Central Bank of Egypt\",\"China\",\"EnterpriseAM\",\"interest rates\",\"monetary policy\",\"trade\",\"US Federal Reserve\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/\",\"name\":\"What we\u2019re tracking on 22 May 2019 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2019\/5\/2309.jpg\",\"datePublished\":\"2019-05-22T03:49:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#primaryimage\",\"url\":\"https:\/\/ent.news\/2019\/5\/2309.jpg\",\"contentUrl\":\"https:\/\/ent.news\/2019\/5\/2309.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What we\u2019re tracking on 22 May 2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What we\u2019re tracking on 22 May 2019 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/","og_locale":"en_US","og_type":"article","og_title":"What we\u2019re tracking on 22 May 2019","og_description":"It\u2019s a big day as we prepare to slide into the weekend, with blockbuster news for the banking industry, confirmation that electricity price hikes will be (slightly) more modest than some had expected, a quiet fintech M&A, and word the government is looking to possibly float infrastructure bonds. What\u2019s more: The notion of a new [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-05-22T03:49:16+00:00","og_image":[{"url":"https:\/\/ent.news\/2019\/5\/2309.jpg","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"What we\u2019re tracking on 22 May 2019","datePublished":"2019-05-22T03:49:16+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/"},"wordCount":1310,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2019\/5\/2309.jpg","keywords":["Central Bank of Egypt","China","EnterpriseAM","interest rates","monetary policy","trade","US Federal Reserve","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/","name":"What we\u2019re tracking on 22 May 2019 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2019\/5\/2309.jpg","datePublished":"2019-05-22T03:49:16+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#primaryimage","url":"https:\/\/ent.news\/2019\/5\/2309.jpg","contentUrl":"https:\/\/ent.news\/2019\/5\/2309.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/what-were-tracking-on-22-may-2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"What we\u2019re tracking on 22 May 2019"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":559048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/06\/what-were-tracking-on-6-january-2021\/","url_meta":{"origin":598337,"position":0},"title":"What we\u2019re tracking on 6 January 2021","author":"enterpriseam admin","date":"6 January 2021","format":false,"excerpt":"Merry Christmas to everyone who will be celebrating today and tomorrow \u2014 we wish you a beautiful, relaxing day with family and friends. Banks and the EGX are closing their doors tomorrow in observance of the national holiday, the Central Bank of Egypt and EGX said. We\u2019re also off tomorrow\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":559996,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/what-were-tracking-on-11-february-2021\/","url_meta":{"origin":598337,"position":1},"title":"What we\u2019re tracking on 11 February 2021","author":"enterpriseam admin","date":"11 February 2021","format":false,"excerpt":"Good morning, friends. We made it through another workweek together.Anyone else find it a bit \u2026 surreal? \u2026 to think that it\u2019s the 10-year anniversary of Hosni Mubarak\u2019s resignation, which followed 18 days of protest back in 2011?THE BIG STORY at home this morning is Banque Misr\u2019s announcement yesterday that\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":560305,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/23\/what-were-tracking-on-23-february-2021\/","url_meta":{"origin":598337,"position":2},"title":"What we\u2019re tracking on 23 February 2021","author":"enterpriseam admin","date":"23 February 2021","format":false,"excerpt":"Happy hump day, everyone. It may be a relatively slow news day, but we\u2019re still very happy that the weekend is within arm\u2019s reach.THE BIG STORY AT HOME: The shipment of 300k Sinopharm vaccines we\u2019ve been waiting on from China landed in Cairo in the wee hours of the morning.\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":576556,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/30\/what-were-tracking-on-30-november-2020\/","url_meta":{"origin":598337,"position":3},"title":"What we\u2019re tracking on 30 November 2020","author":"enterpriseam admin","date":"30 November 2020","format":false,"excerpt":"Good morning, everyone, and welcome to the last day of November. We\u2019re simultaneously a bit freaked out that the year is ending and anxiously awaiting the end of 2020.Thank you to each and every one of you who wrote in yesterday about our new look. We\u2019re delighted you\u2019re happy \u2014\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":567092,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/13\/what-were-tracking-on-13-january-2020\/","url_meta":{"origin":598337,"position":4},"title":"What we\u2019re tracking on 13 January 2020","author":"enterpriseam admin","date":"13 January 2020","format":false,"excerpt":"The holiday news lull (such as it was this year) is officially over, as we have a packed issue for you this morning. The big stories are still on the international front (Libya, Ethiopia and Iran), but M&A news is back in the headlines and the CBE is shaping up\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":559560,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/what-were-tracking-on-26-january-2021\/","url_meta":{"origin":598337,"position":5},"title":"What we\u2019re tracking on 26 January 2021","author":"enterpriseam admin","date":"26 January 2021","format":false,"excerpt":"Good morning, nice people and welcome to one of the quietest news days we\u2019ve seen in months. No single story dominates the news agenda here at home or abroad, but covid features prominently in the headlines everywhere.Among the global stories worth knowing about this morning: Investors are getting anxious over\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598337","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=598337"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598337\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598335"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598337"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598337"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}