{"id":603260,"date":"2019-04-17T04:00:42","date_gmt":"2019-04-17T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/what-were-tracking-on-17-april-2019\/"},"modified":"2019-04-17T04:00:42","modified_gmt":"2019-04-17T04:00:42","slug":"what-were-tracking-on-17-april-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/what-were-tracking-on-17-april-2019\/","title":{"rendered":"What we\u2019re tracking on 17 April 2019"},"content":{"rendered":"

It\u2019s official, folks: Ramadan will begin on Monday, 6 May.<\/b> The National Astronomy Institute confirmed yesterday the first day of the holy month, Ahram Online<\/a> reports. That gives us all one normal work day after we return from the extended month-end holiday.<\/p>\n

The House of Representatives yesterday voted overwhelmingly in favor of constitutional amendments<\/b> that would extend presidential terms, bring back the upper house of parliament, restore the office of the vice president and more.<\/p>\n

You\u2019re going to have the chance to go vote on Saturday:<\/b> Polling stations in Egypt open on 20 April and will close in the evening on 22 April. Expats will be able to vote in the referendum a day earlier, running from 19-21. We have more in this morning\u2019s Speed Round.<\/p>\n

President Abdel Fattah El Sisi heading to Beijing <\/b>for China\u2019s Belt and Road Forum for International Cooperation<\/a>. El Sisi is expected to sign three agreements with China during the forum, China\u2019s commercial attach\u00e9 said, according to Al Mal<\/a>. It remains unclear when El Sisi is scheduled to land in the Chinese capital.<\/p>\n

\n

Saudi Arabia\u2019s clout in the oil world is the theme of the <\/b>OPEC+ meeting<\/b><\/a> in Vienna today and tomorrow to discuss an extension to the oil supply cuts. KSA has always been a key OPEC+ player, but its influence increased when it brought Russia on to the most recent cut pledges in December 2018, writes the WSJ<\/a>. With this increased muscle and backing from Moscow, Saudi Arabia could push through its plans to keep the supply cuts in place \u2014 and send prices rising again. However, the FT\u2019s David Sheppard<\/a> says Riyadh should now be signaling its willingness to \u201cstep in to damp the impact\u201d of dropping oil output as Venezuela, Iran, and Libya each grapple with their own constraints.<\/p>\n

Brent his hovering <\/b>just below<\/b><\/a> USD 72 \/ bbl <\/b>heading into the gathering.The Finance Ministry has oil at USD 70<\/a> in its draft 2019-2020 budget. Each USD 1 increase in the price of a barrel costs the Egyptian government EGP 2.3 bn.<\/p>\n

\n

How many of your colleagues at work suffer from the Dunning-Kruger effect? <\/b>Not up to speed? Thank us later<\/a>: \u201cThe Dunning\u2013Kruger effect is a cognitive bias in which people mistakenly assess their cognitive ability as greater than it is<\/b>. It is related to the cognitive bias of illusory superiority and comes from the inability of people to recognize their lack of ability. Without the self-awareness of metacognition, people cannot objectively evaluate their competence or incompetence.\u201d<\/p>\n

\n

Can we please not talk about a \u201cmelt up\u201d in global equities? <\/b>It\u2019s almost as annoying as our generation\u2019s constant misuse of the word \u201caround.\u201d Nevertheless: Larry Fink, CEO at BlackRock, the world\u2019s largest asset manager, thinks<\/a> \u201csigns of healthier economic growth in the US and China will reassure big investors that have largely stayed on the sidelines of the 2019 market recovery.\u201d<\/p>\n

That earnings recession in the US everyone expected? It\u2019s actually a mixed bag: <\/b>BlackRock and JP Morgan have reported strong 1Q19 results, while Johnson & Johnson beat analyst expectations and Netflix saw improvements in revenue and net profit, but slower subscriber growth in the US. IBM shares slid after revenues fell, and United Continental also missed on revenues (though earnings beat Wall Street expectations).<\/p>\n

Among those still due to report today or tomorrow: <\/b>Morgan Stanley, American Express, PepsiCo and Honeywell. Reuters<\/a> and Bloomberg<\/a> have more.<\/p>\n

But, but, but\u2026 <\/b>US industrial output was \u201cunexpectedly\u201d flat in March after dropping in both January and February, delivering the first quarterly drop in production since The Donald was elected president in Amreeka. The FT<\/a> and Reuters<\/a> have more.<\/p>\n

\n

The top earners in finance don\u2019t work at commercial or investment banks<\/b>, but at real estate investment trusts, according to the Wall Street Journal<\/a>. That\u2019s virgin territory here in Omm El Donia, ladies and gentlemen. Just sayin\u2019.<\/p>\n

Shocker: CEO pay is out of control at US companies<\/b>, where the CEOs of 11 of the largest companies by revenue to have reported their 2018 results have been found to earn more than 1000x their company\u2019s average employee wage. The Financial Times<\/a> takes a deep dive and finds corporate bosses in the US are paid better than their counterparts at any other country on earth.<\/p>\n

\n

French President Emmanuel Macron has promised to rebuild Notre Dame Cathedral within five years <\/b>after a fire swept the 850-year old building yesterday, reports the New York Times.<\/a> French corporate giants have already pledged more than EUR 450 mn in donations. President Abdel Fattah El Sisi extended his condolences<\/a> to the French president following the incident.<\/p>\n

<\/p>\n

Will the resident 11-year-old\u2019s favourite video game help rebuild Notre Dame? <\/b>The makers of Assassin\u2019s Creed tasked one level artist to spend two years modeling Notre Dame inside and out, Business Insider<\/a> reports \u2014 data that could prove important in the rebuilding of the cathedral. BI was picking up on a 2014 feature in The Verge<\/a>.<\/p>\n

PSA for iSheep- iOS 13 is going to turn the iPad into the work machine of your dreams<\/b>, 9to5 Mac<\/a> claims, citing unnamed sources who say it will include \u201cthe ability for apps to have multiple windows,\u201d dark mode, a new undo gesture other than shaking your [redacted] tablet, automatic desktop-mode websites in Safari and lots more. The new operating system is likely to be unveiled in June at Apple\u2019s annual developer conference and made available for download in fall.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s official, folks: Ramadan will begin on Monday, 6 May. The National Astronomy Institute confirmed yesterday the first day of the holy month, Ahram Online reports. That gives us all one normal work day after we return from the extended month-end holiday. The House of Representatives yesterday voted overwhelmingly in favor of constitutional amendments that […]<\/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":[2169,116,168,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603260","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-belt-and-road-initiative","tag-china","tag-diplomacy","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"97f0530f-61ab-4495-ba88-5e2b334264c2","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[603258],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 17 April 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\/04\/17\/what-were-tracking-on-17-april-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 17 April 2019\" \/>\n<meta property=\"og:description\" content=\"It\u2019s official, folks: Ramadan will begin on Monday, 6 May. 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Medhat El Sherif said yesterday, telling Al Borsa that the committee is waiting on the government to outline the incentives given to foreign investors before wrapping up its talks and sending the\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":599931,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/what-were-tracking-on-15-january-2019\/","url_meta":{"origin":603260,"position":1},"title":"What we\u2019re tracking on 15 January 2019","author":"enterpriseam admin","date":"15 January 2019","format":false,"excerpt":"Picking up where we left off yesterday: Concerns over the Chinese economy dominate headlines in the global business press. The country reported a 4.4% drop in exports in December \u2014 the lowest drop in two years according to the FT \u2014 a result largely attributed to the trade war with\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":649097,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/23\/what-were-tracking-this-week-192\/","url_meta":{"origin":603260,"position":2},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"23 April 2017","format":false,"excerpt":"Budget debate: The House of Representatives\u2019 Planning and Budget Committee is expected to begin discussing the FY2017-18 state budget mid-week. The House Economics Committee is also expected to wrap up voting on the Investment Act this week.Pope Francis is set to arrive in Cairo on Friday, 28 April for a\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":602919,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/10\/what-were-tracking-on-10-april-2019\/","url_meta":{"origin":603260,"position":3},"title":"What we\u2019re tracking on 10 April 2019","author":"enterpriseam admin","date":"10 April 2019","format":false,"excerpt":"It\u2019s Wednesday, ladies and gentlemen \u2014 our second-favorite day of the working week (our favorite being tomorrow) \u2014 and we have a busy day ahead of us.President Abdel Fattah El Sisi is due to meet today with IMF Director Christine Lagarde on the final day of his three-day visit to\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":649156,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/24\/what-were-tracking-this-week-193\/","url_meta":{"origin":603260,"position":4},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"24 April 2017","format":false,"excerpt":"The House Planning and Budget Committee is scheduled to begin its discussion of the\u00a0FY2017-18 state budget\u00a0later this week. The government\u2019s efforts to hype up social welfare allocations in the budget seem to have hit the right notes with MPs, with Planning and Budget Committee member Yasser Omar saying the budget\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":561213,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/what-were-tracking-on-30-march-2021\/","url_meta":{"origin":603260,"position":5},"title":"What we\u2019re tracking on 30 March 2021","author":"enterpriseam admin","date":"30 March 2021","format":false,"excerpt":"Good morning, wonderful people. It\u2019s hump day, we know, but it\u2019s shaping up to be the best week in forever. Consider: The Suez Canal is open again now that the Ever Whatever is floated and chilling in the Great Bitter Lake.CI Capital has priced Taaleem\u2019s IPO on the Egyptian Exchange\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603260","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=603260"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603260\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603258"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603260"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603260"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}