{"id":603352,"date":"2019-04-21T04:00:10","date_gmt":"2019-04-21T04:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/what-were-tracking-on-21-april-2019\/"},"modified":"2019-04-21T04:00:10","modified_gmt":"2019-04-21T04:00:10","slug":"what-were-tracking-on-21-april-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/what-were-tracking-on-21-april-2019\/","title":{"rendered":"What we\u2019re tracking on 21 April 2019"},"content":{"rendered":"<p><b>It\u2019s the slowest Sunday morning we\u2019ve had in just about forever. <\/b>We blame the confluence of the constitutional referendum here at home, the release of the Mueller report in the United States, and the Western Easter holiday weekend everywhere from Canada and the US to Italy and the UK.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>Speaking of holiday weekends: <\/b>It is a short work week here in Cairo, too, with the country shutting down on Thursday for a very long weekend. The holiday calendar:<\/p>\n<ul>\n<li>Thursday, 25 April \u2014 Markets and banks closed in observance of Sinai Liberation day<\/li>\n<li>Sunday, 28 April \u2014 Markets and banks closed in observance of Coptic Easter<\/li>\n<li>Monday, 29 April \u2014 Markets and banks closed in observance of Sham El Nessim (traditional spring holiday)<\/li>\n<li>Tuesday, 30 April \u2014 Normal workday. (But we here at Enterprise are bridging)<\/li>\n<li>Wednesday, 1 May \u2014 Markets and banks closed in observance of labor day<\/li>\n<li>Thursday, 2 May \u2014 Normal workday. (We\u2019ll be back in your inboxes by 6am)<\/li>\n<\/ul>\n<p><b>The <\/b><a href=\"http:\/\/www.egx.com.eg\/ar\/BulletinNews.aspx?BCODE=42965&All=\"><b>EGX confirmed on Thursday<\/b><\/a><b> it will be closed from 25-29 April<\/b> (Thursday-Monday) as well as 1 May.<\/p>\n<p><b>That leads us straight into Ramadan<\/b>, which the National Astronomy Institute says will start on Monday, 6 May. Look for banks and the EGX to move to shortened Ramadan hours.<\/p>\n<p><b>Holiday weather: <\/b>Look for the mercury to slowly rise from a daytime high of 23\u00b0C today to 33*C by Thursday, where it will remain for the following week. Summer, it seems, is nearly upon us after a gorgeous and unseasonably cool spring.<\/p>\n<hr class=\"grey-line\">\n<p><b>Voters at home and abroad cast ballots on a <\/b><a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/15\/egypts-proposed-constitutional-amendments-get-committee-level-approval\/\"><b>package of constitutional amendments<\/b><\/a> over the weekend. Polls will close for expats today, while voters here in Egypt have until tomorrow evening to head to the polling stations. You can read the <a href=\"https:\/\/www.elections.eg\/images\/pdfs\/decrees\/nea-decree-ref19-26_2019.pdf?fbclid=IwAR3Q0cqb2kEpUArBkXBUlStF3uQx8zNbgbXwtXCWAa8b5-To3xXNPMi3pas\">statement by the National Elections Authority here<\/a>. As expected, the vote led the conversation on Egypt in the foreign press over the weekend. We have more in this morning\u2019s Egypt in the News section, below.<\/p>\n<p><b>Things to which you can go today:<\/b> A forum for young Arab and African entrepreneurs kicked off yesterday in Cairo, <a href=\"https:\/\/www3.shorouknews.com\/news\/view.aspx?cdate=20042019&id=30ce32ad-05c8-4e54-8dba-542810edab95\">Al Shorouk reports<\/a>. The week-long event aims to \u201cencourage the exchange of entrepreneurial expertise and raise awareness of volunteering work\u201d among youth from 16 Arabic speaking countries joined by Zambia, Uganda, Ghana, Nigeria, Benin and Malawi. <b>Also taking place: <\/b>The two-day <a href=\"http:\/\/www.egyptcsrforum.com\/\">Egypt CSR Summit<\/a> also gets underway this morning, as does the <a href=\"http:\/\/www.rtise-emea.com\/en\/index.php\/en\/\">RT Imaging Summit & Expo-EMEA<\/a>.<\/p>\n<p><b>Also this week:<\/b><\/p>\n<ul>\n<li>If it wasn\u2019t a short week, we would definitely be attending the <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/04\/image002.png\"><b>SME Governance Workshop<\/b><\/a>hosted by the Egyptian Private Equity Association and IFC on 23-24 April. If you run an SME, you should try to attend.<\/li>\n<li>President Abdel Fattah El Sisi is due to head to Beijing for <b>China\u2019s <\/b><a href=\"http:\/\/www.beltandroad2019.com\/english\/\"><b>Belt and Road Forum<\/b><\/a>. The gathering takes place on 25 April. <\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><b>Trump actively tried to derail Mueller\u2019s Russia probe, report shows:<\/b> US President Donald Trump instructed several of his aides to end Special Counsel Robert Mueller\u2019s investigation on Russian meddling in the 2016 US elections, according to the report, which was released with some redactions on Thursday. \u201cAmong those who did not comply with Mr Trump were James Comey, the FBI director who continued the investigation of national security adviser Michael Flynn, and Don McGahn, the White House counsel who refused demands to tell Rod Rosenstein, acting as attorney-general in the Russia investigation, to remove Mr Mueller,\u201d <a href=\"https:\/\/www.ft.com\/content\/0cbf2628-61d5-11e9-a27a-fdd51850994c\">the Financial Times says<\/a>.<\/p>\n<p><b>Don\u2019t hold your breath for impeachment, but it\u2019s going to be a rough ride for The Donald:<\/b> Since the report\u2019s release, Democrats have <a href=\"https:\/\/www.ft.com\/content\/af588df2-62a7-11e9-a27a-fdd51850994c\">moved to subpoena the full report<\/a>, while presidential contender Elizabeth Warren has already begun sounding the impeachment sirens, <a href=\"https:\/\/www.nytimes.com\/2019\/04\/19\/us\/politics\/elizabeth-warren-impeachment.html\">according to the NYT<\/a>. The Gray Lady has a <a href=\"https:\/\/www.nytimes.com\/2019\/04\/18\/us\/politics\/mueller-report-pdf-takeaways.html?module=inline\">helpful crash course<\/a> that breaks down the 448-page report into seven key things you should know.<\/p>\n<hr class=\"grey-line\">\n<p><b>Zoom and Pinterest share prices pop in public trading debut:<\/b> Pinterest and Zoom saw their share prices jump 28% and 72%, respectively, signaling that investors have a healthy appetite for tech companies, <a href=\"https:\/\/www.wsj.com\/articles\/pinterest-rises-in-trading-debut-on-nyse-11555601520?mod=article_inline\">the Wall Street Journal reports<\/a>. Zoom\u2019s performance was \u201cthe best first-day pop since Twitter Inc.\u2019s 2013 debut, and only eight other companies that raised at least USD 500 mn in their public offerings have closed with higher gains on their first day of trading.\u201d The successful IPOs are also a bellwether of sentiment ahead of forthcoming offerings, including that of Uber, which should come to market in a few short weeks.<\/p>\n<p><b>But the real takeaway: Business software firms are soaring ahead of their sexier consumer-focused counterparts<\/b>, <a href=\"https:\/\/www.wsj.com\/articles\/zooms-big-ipo-shows-business-tech-companies-are-hot-11555680530\">the Journal adds<\/a>. Nearly 50 business-focused software firms have gone public since 2016, compared with just 13 consumer-focused companies. The business-focused outfits have seen their shares rise 126% since going public, while the consumer tech companies that went public have seen a median increase of just 15% in that period.<\/p>\n<p><b>In other IPO news:<\/b> Lyft is facing two class-action lawsuits filed by investors who claim that the ride-hailing company inflated its IPO price. The claimants argue that Lyft overstated claims to a 39% market share in its prospectus. The company again closed in the red on Friday, and has now fallen almost USD 14 from its initial offering price of USD 72 since the company listed on 28 March. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-18\/lyft-investor-sues-over-stock-slump-claiming-ipo-was-overhyped\">Bloomberg has more<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><b>Stories making the rounds over the weekend <\/b>and worth a moment of your time:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.wired.com\/story\/facebook-mark-zuckerberg-15-months-of-fresh-hell\/\"><b>15 months of fresh hell inside Facebook<\/b><\/a>, Wired\u2019s epic takedown of the nearly ubiquitous social network.<\/li>\n<li><a href=\"https:\/\/www.nytimes.com\/2019\/04\/18\/travel\/nairobi-kenya-mexican-food-music-culture.html\"><b>Tacos. Tequila. Telenovelas. Nairobi embraces its Mexican soul<\/b><\/a>, by the New York Times, reinforces our long-held theory that all of us who dwell in \u2018emerging markets\u2019 share snippets of cultural affinity.<\/li>\n<li><a href=\"https:\/\/www.nytimes.com\/2019\/04\/17\/science\/brain-dead-pigs.html\"><b>\u2018Partly alive\u2019: Scientists revive cells in brains from dead pigs<\/b><\/a> is both fascinating and terrifying \u2014 and has us wondering whether we understand death at all. Maybe the zombie apocalypse isn\u2019t such a far-fetched notion?<\/li>\n<\/ul>\n<p class=\"web-image\"><a href=\"https:\/\/www.theverge.com\/2019\/4\/18\/18485582\/blackberry-messenger-shutting-down-date\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/2488.jpg?ssl=1\"><\/a><\/p>\n<p><b>Factoid of the morning: 25%. <\/b>That\u2019s the percentage of US 16-year-olds who have their driver\u2019s licenses, down from nearly 50% in 1983. Ride hailing services, messaging services and social media are to blame, the <a href=\"https:\/\/www.wsj.com\/articles\/driving-the-kids-are-so-over-it-11555732810\">WSJ suggests<\/a>.<\/p>\n<p><b>Bendgate has nothing on Samsung:<\/b> Tech media have been hyping foldable devices as the next big innovation in the smartphone market. Reality set in last week, though, as reviewers finally got their hands on the new USD 2,000 Samsung Galaxy Fold. Cue a string of broken devices after just days of use. <a href=\"https:\/\/www.theverge.com\/2019\/4\/17\/18411510\/samsung-galaxy-fold-broken-screen-debris-dust-hinge-flexible-bulge\">The Verge<\/a> and <a href=\"https:\/\/www.wsj.com\/articles\/samsung-galaxy-fold-non-review-we-are-not-your-beta-testers-11555691833\">the WSJ aren\u2019t happy<\/a>.<\/p>\n<p><b>PSA- <\/b><a href=\"https:\/\/www.theverge.com\/2019\/4\/18\/18485582\/blackberry-messenger-shutting-down-date\"><b>BBM is shutting down on 31 May<\/b><\/a><b>. <\/b>Remember the days, folks?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s the slowest Sunday morning we\u2019ve had in just about forever. We blame the confluence of the constitutional referendum here at home, the release of the Mueller report in the United States, and the Western Easter holiday weekend everywhere from Canada and the US to Italy and the UK. Speaking of holiday weekends: It is [&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":[2169,984,72,78,4171,127,74,8732],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603352","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-belt-and-road-initiative","tag-donald-trump","tag-enterpriseam","tag-ipo-watch","tag-pinterest","tag-politics","tag-what-were-tracking-today","tag-zoom","wpautop","entry"],"acf":{"mongo_id":"3f5f56d5-2213-4098-9747-5950c5e0f407","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[603350],"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 21 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\/21\/what-were-tracking-on-21-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 21 April 2019\" \/>\n<meta property=\"og:description\" content=\"It\u2019s the slowest Sunday morning we\u2019ve had in just about forever. 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The auctions will include 182-day and 364-day bills on Wednesday and 91-day and 273-day bills\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","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":648640,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/what-were-tracking-on-9-april-2017\/","url_meta":{"origin":603352,"position":1},"title":"What we\u2019re tracking on 9 April 2017","author":"enterpriseam admin","date":"9 April 2017","format":false,"excerpt":"We begin this morning with a holiday advisory if, perchance, the coming respite has slipped off your radar:We are just days away from the Easter \/ Sham El Neseem break \u2014 our first long weekend since January. Banks and the stock market are closed Sunday (16 April) and Monday (17\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":624469,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/10\/what-were-tracking-on-10-september-2018\/","url_meta":{"origin":603352,"position":2},"title":"What we\u2019re tracking on 10 September 2018","author":"enterpriseam admin","date":"10 September 2018","format":false,"excerpt":"Enjoy your mid-week break. Tomorrow is officially off: The stock exchange and the central bank have announced they will close tomorrow in observance of Islamic new year after a Labor Ministry statement noting it would be a national holiday. Happy first day of 1440, y\u2019all, and see you back here\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":568284,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/what-were-tracking-on-24-december-2020\/","url_meta":{"origin":603352,"position":3},"title":"What we\u2019re tracking on 24 December 2020","author":"enterpriseam admin","date":"24 December 2020","format":false,"excerpt":"Good morning, everyone, and a very Merry Christmas to all those who are observing tomorrow. We made it through another week together \u2014 and have a pleasantly quiet issue for you this Christmas Eve morning.Last orders on the NYSE and Nasdaq will be at 1pm Eastern today while the closing\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":585162,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/11\/this-evening-is-swvl-considering-acquisition-offers-plus-leaked-us-military-files-prompt-internal-reviews\/","url_meta":{"origin":603352,"position":4},"title":"THIS EVENING: Is Swvl considering acquisition offers? Plus: Leaked US military files prompt internal reviews","author":"enterpriseam admin","date":"11 April 2023","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and welcome to hump day. We\u2019re halfway through the week and are very much looking forward to the next few long weekends ahead.Speaking of which: The private sector will get a paid day off next Monday, 17 April for Sham El Nessim, the Manpower Ministry\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\/2023\/4\/224.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561860,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/25\/thursday-off-for-sinai-liberation-day-wall-street-hates-the-biden-tax-plan\/","url_meta":{"origin":603352,"position":5},"title":"Thursday off for Sinai Liberation Day; Wall Street hates the Biden tax plan","author":"enterpriseam admin","date":"25 April 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to what we hope will be a nice, light workday for all of you. It was meant to be a holiday, so your calendars should all be reasonably clear, right? Also: It\u2019s day 13 of Ramadan, so for those of us observing, we\u2019re nearly\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\/603352","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=603352"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603352\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603350"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603352"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603352"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}