{"id":600790,"date":"2019-02-11T04:46:23","date_gmt":"2019-02-11T04:46:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/what-were-tracking-on-11-february-2019\/"},"modified":"2019-02-11T04:46:23","modified_gmt":"2019-02-11T04:46:23","slug":"what-were-tracking-on-11-february-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/what-were-tracking-on-11-february-2019\/","title":{"rendered":"What we\u2019re tracking on 11 February 2019"},"content":{"rendered":"

It is shaping up to be a busy day <\/b>here in the nation\u2019s capital, ladies and gents.<\/p>\n

The Central Bank of Egypt <\/b>will auction<\/b><\/a> USD 1 bn worth of one-year USD-denominated T-bills today<\/b>. The auction comes about one month after the CBE sold USD 854 mn in USD-denominated bills at an average yield of 3.797%.<\/p>\n

MSCI Egypt indexes are up for review today: <\/b>MSCI will release the results of its annual index review today after US markets close. Expect CIB (75.2% weight), Eastern Tobacco (13.1%) and El Sewedy Electric (11.7%) to stay on the MSCI Egypt Standard Index, Beltone Financial said in a research note out overnight. Qalaa Holdings could be added to the MSCI Egypt Small Cap Index with about a 10.3% weight, Beltone added, while JUFO could exit the small-cap index after failing to meet liquidity criteria in the fourth quarter of last year.<\/p>\n

Renaissance Capital has a group of international institutional investors in town<\/b> this morning. Investors will meet with leading publicly traded companies, do site visits and see government officials through Wednesday.<\/p>\n

East Med speakers meet: <\/b>The parliamentary speakers of Egypt, Greece and Cyprus are meeting today in Nicosia, Ahram Online<\/a> reports.<\/p>\n

Expect a flood of oil and gas news over the next couple of days <\/b>as the Egypt Petroleum Show<\/a> gets underway this morning at the Egyptian International Exhibition Center. Our friends at Carbon Holdings are sponsoring the exhibition, which will include a keynote address from CEO Basil El Baz, the company said in a statement (pdf)<\/a>. Carbon\u2019s Karim Helal and Karim Hefzy will be leading roundtable discussions during the gathering.<\/p>\n

The first <\/b>StartEgypt Forum<\/b><\/a>gets underway this morning and runs through early evening at the Greek Campus in Downtown Cairo. The startup-focused gathering is presented by Flat6Labs, the British Embassy and the International Finance Corporation.<\/p>\n

Factoid of the morning: 5% and 9%.<\/b> The percentage of US hedge funds that are owned by women and by minorities, respectively, per the Wall Street Journal<\/a> in a look at Impactive Capital, a new hedge fund founded by a woman and a partner of Hispanic descent. The two are launching with USD 250 mn in AUM already committed. Their focus? ESG investing<\/b> and \u201ctheir [own] professed disdain for short-termism<\/b>.\u201d<\/p>\n

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We haven\u2019t joined the tinfoil hat brigade, we assure you.<\/b> And our fascination just may have to do with having been a kid when E.T. The Extra-Terrestrial<\/a> was released. But this opinion piece<\/a> in Toronto\u2019s Globe and Mail by US astrophysicist Adam Frank is the perfect starting point if you\u2019re curious about where we stand on that whole \u201csearch for extraterrestrial life\u201d thing.<\/p>\n

In miscellany worth knowing about this morning:<\/b><\/p>\n