{"id":601639,"date":"2019-03-06T03:55:39","date_gmt":"2019-03-06T03:55:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/06\/what-were-tracking-on-6-march-2019\/"},"modified":"2019-03-06T03:55:39","modified_gmt":"2019-03-06T03:55:39","slug":"what-were-tracking-on-6-march-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/06\/what-were-tracking-on-6-march-2019\/","title":{"rendered":"What we\u2019re tracking on 6 March 2019"},"content":{"rendered":"

Tourism forum ITB Berlin is kicking off today<\/b>, according to the convention\u2019s website<\/a>. Tourism Minister Rania Al Mashat is taking part in the sessions of the first day.<\/p>\n

A Port Said criminal court will rule today in a graft case involving former Customs Authority head<\/b> Gamal Abdel Azim who was accused last year<\/a> of accepting bribes worth EGP 1 mn in exchange for facilitating the clearance of goods from customs, Mubasher reports<\/a>.<\/p>\n

\n

<\/p>\n

China has lowered its target range for GDP growth this year,<\/b> \u201cblaming in a rare admission the slowdown on the impact of the trade war with the US\u201d, the Financial Times reports<\/a>. The country previously set its target at 6.5%, but has now lowered it to a flexible range of 6-6.5%. Beijing needs a greater degree of macro policy flexibility amid softening growth, high corporate default rates and bank debt reaching a 20-year high.<\/p>\n

And South Africa hasn\u2019t been faring any better: <\/b>The country\u2019s GDP growth posted 0.8% in 2018, marking the fifth year of growth below 2%, according to the Financial Times<\/a>.<\/p>\n

Why are international investors still flooding the Chinese domestic market in the face of declining growth and still unresolved US-China trade talks?<\/b> Because they take a long-term view, argues Fabiana Fedeli in the FT<\/a>. MSCI China A International Index underperformed the MSCI World index by just over 30% in 2018, which is seen as \u201ca good cushion for international investors.\u201d While economic growth is down, earnings growth is positive. And both ongoing trade negotiations and continued stimulus measures by the Chinese government are seen as positive steps, while the inclusion of China\u2019s mainland stocks in emerging market indices is also expected to increase.<\/p>\n

Meanwhile, US President Donald Trump plans to end trade preferences for India and Turkey<\/b>, Bloomberg reports<\/a>. India and Turkey enjoy no-duty entry to the US of about 2,000 products including auto components, industrial valves, and textile materials. Trump can backtrack his plans if both countries address his administration\u2019s concerns. India said the decision, if taken, wouldn\u2019t have significant impact. Reuters<\/a> has the story.<\/p>\n

\n

ExxonMobil and Qatar Petroleum\u2019s discovery of a gas field offshore Cyprus \u201ccould add fuel\u201d to the tension between Cyprus and Turkey<\/b> over gas resources in the former\u2019s Exclusive Economic Zone, Oil Review Middle East<\/a> says. The Glaucus-1 field, hailed as \u201cone of the biggest discoveries of the year<\/a>,\u201d represents a boon for the aspirations of both Cyprus and Egypt to become regional gas hubs, but the plan to bring the gas to the market \u201cwill not be straightforward,\u201d Rystad Energy has announced.<\/p>\n

In September last year, Egypt and Cyprus had signed<\/b><\/a> a landmark USD 1 bn agreement to link gas fields offshore Cyprus with Egypt\u2019s liquefaction plants, <\/b>from where it could then be exported to the EU. However, the construction schedule, cost, and financing of the pipeline is still unclear.<\/p>\n

\n

Qatar is hoping to raise around USD 10 bn with a jumbo bond issuance that it will announce this week,<\/b> sources with knowledge of the matter said yesterday. Reuters<\/a> quotes a senior analyst from Moody\u2019s Sovereign Risk Group as saying that the bonds\u2019 proceeds will cover a USD 1 bn international bond repayment this year, as well as \u201ctaking out insurance against a potential downturn in oil prices\u201d and pre-financing scheduled external redemptions due next year to the tune of USD 10.5 bn.<\/p>\n

A second patient is reported to have been cured of HIV in a scientific breakthrough occurring 12 years after the first, <\/b>according to the NYT<\/a>. In both cases, the cures resulted from bone-marrow transplants given to the patients to treat cancer, a risky and difficult process that is unlikely to be the basis for a long-term cure. There is, however, hope that the treatment may be modified.<\/p>\n

Saudi Arabia is looking to ease entry proceedings for tourists<\/b> in what is the latest of Crown Prince Mohammed Bin Salman\u2019s efforts to liberalize and diversify the economy, according to the WSJ.<\/a> Officials familiar with the matter noted that there is still much to be finalized, but current plans may allow citizens of the US, Europe, Japan and China to obtain visas on arrival to the country or enter sans visa by the end of the year. The Saudi cabinet also approved plans for an electronic tourist-visa system for those seeking to attend special events in the kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tourism forum ITB Berlin is kicking off today, according to the convention\u2019s website. Tourism Minister Rania Al Mashat is taking part in the sessions of the first day. A Port Said criminal court will rule today in a graft case involving former Customs Authority head Gamal Abdel Azim who was accused last year of accepting […]<\/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":[116,984,72,2403,1404,132,218,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601639","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-china","tag-donald-trump","tag-enterpriseam","tag-global-economy","tag-india","tag-trade","tag-turkey","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"f9e0f76f-623d-4135-973a-18b45297dd70","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[601637],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 6 March 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\/03\/06\/what-were-tracking-on-6-march-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 6 March 2019\" \/>\n<meta property=\"og:description\" content=\"Tourism forum ITB Berlin is kicking off today, according to the convention\u2019s website. 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The new rate, a drop from EGP 16.50, will come into effect from Tuesday. The reduction came in line with the \u201cdrop\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652182,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/us-customs-and-border-protection-system-is-down-which-means-youre-not-gonna-get-into-amreeka-in-the-next-few-hours\/","url_meta":{"origin":601639,"position":2},"title":"US Customs and Border Protection system is down, which means you\u2019re not gonna get into Amreeka in the next few hours","author":"enterpriseam admin","date":"3 January 2017","format":false,"excerpt":"Public service announcement #3: God help you if you\u2019re en route to America as you read this. From The Verge: \u201cMassive lines at US airports after nationwide customs outage: A problem in the computer systems used by United States Customs and Border Protection (CBP) authorities has left thousands stuck in\u2026","rel":"","context":"In "What We're Tracking Today"","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":560265,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/what-were-tracking-on-22-february-2021\/","url_meta":{"origin":601639,"position":3},"title":"What we\u2019re tracking on 22 February 2021","author":"enterpriseam admin","date":"22 February 2021","format":false,"excerpt":"Good morning, ladies and gentlemen, and welcome to what unexpectedly shaped up to be an eventful Monday. THE BIG STORY HERE AT HOME? It\u2019s a toss-up between the upcoming rollout of vaccines to elderly citizens and those with chronic illnesses, and the revival of the Damietta LNG facility after an\u2026","rel":"","context":"In "What We're Tracking Today"","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":604808,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/what-were-tracking-on-12-december-2018-2\/","url_meta":{"origin":601639,"position":4},"title":"What we\u2019re tracking on 12 December 2018","author":"enterpriseam admin","date":"13 December 2018","format":false,"excerpt":"It\u2019s a pleasantly quiet morning to end a very hectic week. We hope all of you are looking forward to the weekend as much as we are. The highlight of the day is likely to be Tourism Minister Rania Al Mashat\u2019s unveiling of her turnaround plan for the industry. Tourism\u2026","rel":"","context":"In "What We're Tracking Today"","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":600370,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/what-were-tracking-this-week-and-beyond-11\/","url_meta":{"origin":601639,"position":5},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"Cairo Airport takes lead in FinMin \u201cone-stop shop\u201d customs initiative: The Finance Ministry\u2019s \u201cone-stop shop\u201d program for settling custom payments will be piloted in Cairo International Airport\u2019s logistics center, authority head Kamal Negm said, according to Al Watan. The Port Said customs office will follow on 31 March, with the\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"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\/601639","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=601639"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601639\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601637"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601639"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601639"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}