{"id":598736,"date":"2019-06-03T04:00:10","date_gmt":"2019-06-03T04:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/what-were-tracking-on-03-june-2019\/"},"modified":"2019-06-03T04:00:10","modified_gmt":"2019-06-03T04:00:10","slug":"what-were-tracking-on-03-june-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/what-were-tracking-on-03-june-2019\/","title":{"rendered":"What we\u2019re tracking on 03 June 2019"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <b>It\u2019s official: We\u2019re on Eid break as of tomorrow morning \u2014 but you may still be fasting. <\/b>Both the central bank and the EGX have confirmed that our five-day Eid El Fitr weekend begins tomorrow. Banks, capital markets (and, by extension, much of the private sector) are on holiday Tuesday through Thursday. Civil servants will also be off, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D8%B5%D8%AF%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D9%8B-%D8%A8%D8%AA%D8%AD%D8%AF%D9%8A%D8%AF-%D8%A5%D8%AC%D8%A7%D8%B2%D8%A9-%D8%B9%D9%8A%D8%AF-%D8%A7%D9%84%D9%81%D8%B7%D8%B1-%D8%A8%D8%AF%D8%A7%D9%8A%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D8%A7%D8%A1-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84%E2%80%8E.aspx\">Cabinet announced over the weekend<\/a>.<\/p>\n<p><b>We\u2019ll know this evening <\/b>whether today is the last day of Ramadan, but we put stock in astronomy \u2018round here (not the same thing as astrology\u2026), which suggests we are indeed in the last day of the Holy Month.<\/p>\n<p><b>*** Enterprise will be off Tuesday through Thursday.<\/b> We wish all of you a blessed and relaxing Eid with family, friends and \u2026 coffee. Lots and lots of coffee.<\/p>\n<hr class=\"grey-line\">\n<p><b>Data points due out this week and next:<\/b><\/p>\n<ul>\n<li><b>Foreign reserves:<\/b> The CBE should announce this week Egypt\u2019s net foreign reserves as at the end of May.<\/li>\n<li><b>Inflation:<\/b> Monthly inflation figures are due out next week. Annual headline inflation <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/12\/egypts-annual-inflation-falls-to-13\/\">cooled unexpectedly in April<\/a> to 13% from 14.2% in March.<\/li>\n<li><b>The purchasing managers\u2019 index<\/b> for Egypt, Saudi Arabia, and the UAE are due out on Monday, 10 June at 6:15am CLT<\/li>\n<\/ul>\n<p><b>The rest of the world is going to be talking about two anniversaries while we\u2019re on vacation: <\/b>The 30th anniversary of <a href=\"https:\/\/www.nytimes.com\/2019\/06\/01\/opinion\/sunday\/tiananmen-protests-china-wang-dan.html?smid=nytcore-ios-share\">China\u2019s crackdown on student democracy activists<\/a> at Tiananmen Square (<a href=\"https:\/\/www.wsj.com\/articles\/tiananmens-survivors-and-the-burden-of-memory-11559295001?mod=hp_lista_pos1\">tomorrow<\/a>) and the 75th commemoration of <a href=\"https:\/\/www.theatlantic.com\/international\/archive\/2019\/06\/visiting-omaha-beach-d-day-75-anniversary\/590788\/\">the D-Day landings<\/a> in Normandy (Thursday).<\/p>\n<hr class=\"grey-line\">\n<p><b>In regional miscellany this morning:<\/b><\/p>\n<ul>\n<li><b>A post-revolutionary hiccup in Algeria:<\/b> Algeria\u2019s Constitutional Council has brought the interim government\u2019s plans for a presidential election on 4 July to a screeching halt after it rejected the two registered candidates. (<b><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-02\/algeria-constitutional-council-says-july-4-vote-not-possible\">Bloomberg<\/a><\/b>)<\/li>\n<li><b>Pompeo dusts off his olive branch:<\/b> US Secretary of State Mike Pompeo has claimed that the Trump Administration is open to talks with Iran without preconditions. (<b><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-02\/iran-says-u-s-forces-in-gulf-are-within-reach-of-its-missiles\">Bloomberg<\/a><\/b>)<\/li>\n<li><b>Violence in Sudan:<\/b> At least 11 people were reportedly wounded by gunfire at the ongoing opposition sit-in in Khartoum on Saturday. (<b><a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2380O0\">Reuters<\/a><\/b>)<\/li>\n<\/ul>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1434.jpg?ssl=1\"><\/p>\n<p><b>What We\u2019re Tracking Today, the Ramadan edition:<\/b><\/p>\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.nytimes.com\/2019\/06\/02\/world\/middleeast\/crown-prince-mohammed-bin-zayed.html\"><b>The most powerful Arab ruler isn\u2019t M.B.S. it\u2019s M.B.Z.<\/b><\/a>, by former Cairo bureau chief David Kirkpatrick is a must-read on multiple levels, including for its de-rigeur swipe at Egypt. There\u2019s little new here, but it\u2019s an interesting take nonetheless.<\/li>\n<li><b>The sci-fi staple close to becoming a reality:<\/b> \u2018Air taxi\u2019 startup Alaka\u2019i Technologies revealed a liquid-hydrogen-powered five-passenger aircraft in LA last week. The vehicle will initially be used for emergency services and transporting cargo before the company transform it into fully-fledged flying taxi. (<b><a href=\"https:\/\/www.wired.com\/story\/alakai-flying-car-air-taxi-evtol-hydrogen\/\">Wired<\/a><\/b>)<\/li>\n<li><b>Can I wear short sleeves to work without looking like a cubicle dork?<\/b> <a href=\"https:\/\/www.wsj.com\/articles\/can-i-wear-short-sleeves-to-work-without-looking-like-a-cubicle-dork-11559155531?mod=hp_listb_pos6\">asks the WSJ<\/a>. Our short answer: No.<\/li>\n<\/ul>\n<p><b>Tetris is about to turn 35. <\/b>You can <a href=\"https:\/\/www.engadget.com\/2019\/06\/02\/tetris-35th-birthday\/\">read about it here<\/a> or <a href=\"https:\/\/tetris.com\/play-tetris\">play it in your browser at work here<\/a> without charge.<\/p>\n<p><b>The Financial Times\u2019 2019 ranking of the broad \u201cexecutive education\u201d category is out<\/b>, and top offerings include programs from Stanford, Switzerland\u2019s IMD and Spain\u2019s Iese. <a href=\"https:\/\/www.ft.com\/content\/da0b1d14-81fe-11e9-b592-5fe435b57a3b\">Read all about it here<\/a>.<\/p>\n<p><b>It\u2019s the best (hopefully) last day of Ramadan ever \u2014 for iSheep<\/b>, that is, as Apple unveils iOS 13 and new macOS, watchOS and tvOS features tonight at WWDC. <a href=\"https:\/\/www.apple.com\/apple-events\/\">Tune in here<\/a> at around 7pm CLT to livestream. <a href=\"https:\/\/9to5mac.com\/2019\/05\/31\/wwdc-2019-roundup\/\">9to5 Mac has more<\/a>, as does the Financial Times with its <a href=\"https:\/\/www.ft.com\/content\/eba955da-83bc-11e9-b592-5fe435b57a3b\">Five things to watch at WWDC<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><b>HAT TIP-<\/b> Ramadan is like Egypt\u2019s month-long Super Bowl, but there are some advertisements that stand out. The Magdi Yacoub campaign (<a href=\"https:\/\/www.youtube.com\/watch?v=mb0FsBh_WYU\">watch, runtime: 2:01<\/a>) is a mainstay in the Ramadan advertising season, but our readers will know that Enterprise has a soft spot for the funnies. Chief among them is the National Bank of Egypt\u2019s campaign, produced by Tarek Nour Advertising, promoting electronic banking branch in a way funnier than we could have expected a bank ad to be (<a href=\"https:\/\/www.youtube.com\/watch?v=xW2ELckoqNI\">watch, runtime: 1:05<\/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 6:52pm CLT today in Cairo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s official: We\u2019re on Eid break as of tomorrow morning \u2014 but you may still be fasting. Both the central bank and the EGX have confirmed that our five-day Eid El Fitr weekend begins tomorrow. Banks, capital markets (and, by extension, much of the private sector) are on holiday Tuesday through Thursday. Civil servants will [&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":[535,184,72,716,4405,264,1032,126,90,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598736","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-algeria","tag-apple","tag-enterpriseam","tag-iran","tag-mike-pompeo","tag-mohammed-bin-zayed","tag-ramadan","tag-sudan","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"7751b97f-15df-442c-86ca-e6f10cf8524a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[598734],"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 03 June 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\/06\/03\/what-were-tracking-on-03-june-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 03 June 2019\" \/>\n<meta property=\"og:description\" content=\"It\u2019s official: We\u2019re on Eid break as of tomorrow morning \u2014 but you may still be fasting. 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We\u2019re all getting a little antsy in anticipation of the long Eid El Fitr weekend, which could start on Tuesday or Wednesday, depending on how hopeful you are.In the meantime, a few\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":598493,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/what-were-tracking-on-27-may-2019\/","url_meta":{"origin":598736,"position":1},"title":"What we\u2019re tracking on 27 May 2019","author":"enterpriseam admin","date":"27 May 2019","format":false,"excerpt":"Good morning, friends, and welcome to the slowest news day in forever. It\u2019s the end-of-Ramadan slowdown here in Egypt, running headlong into Memorial Day weekend in the United States and the late-May bank holiday in the United Kingdom.We\u2019re not holding our collective breath, but don\u2019t discount the odds of a\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":583978,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/22\/this-evening-b-investments-signs-off-on-investing-up-to-egp-500-mn-in-the-sfes-pharma-healthcare-sub-fund\/","url_meta":{"origin":598736,"position":2},"title":"THIS EVENING: B Investments signs off on investing up to EGP 500 mn in the SFE\u2019s pharma + healthcare sub-fund","author":"enterpriseam admin","date":"22 March 2023","format":false,"excerpt":"Good afternoon, wonderful people. We hope you\u2019re basking in the last few hours before Ramadan and the caffeine withdrawal it brings to us all.REMINDER- Enterprise is taking tomorrow off. Our AM, PM and Climate editions will all be off tomorrow. We\u2019re going to recharge after delivering our new website and\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/food-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643105,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/what-were-tracking-on-30-august-2017\/","url_meta":{"origin":598736,"position":3},"title":"What we\u2019re tracking on 30 August 2017","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"We\u2019re heading into a five-day weekend. \u2018Nuff said. We hope each and every one of you has a happy Eid full of family and friends, a safe and blessed Hajj, a relaxing Labor Day weekend, or otherwise simply enjoy a beautiful weekend. We\u2019re off the coming five days and will\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":597764,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/what-were-tracking-on-05-may-2019\/","url_meta":{"origin":598736,"position":4},"title":"What we\u2019re tracking on 05 May 2019","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"We generally try to avoid having to open an edition of Enterprise with a \u201csorry we goofed\u201d apology \u2014 but sometimes needs must... We wrote on Friday in this month\u2019s edition of Your Wealth that Ramadan will begin on Sunday, 5 May. Ramadan will of course actually begin tomorrow: Monday,\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":597939,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/what-were-tracking-on-09-may-2019\/","url_meta":{"origin":598736,"position":5},"title":"What we\u2019re tracking on 09 May 2019","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"And so it ended. You have (nearly) survived the first business week of Ramadan.An unpopular truth: Ramadan weekends are wonderful. 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