{"id":604402,"date":"2018-12-03T04:10:21","date_gmt":"2018-12-03T04:10:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/what-were-tracking-on-3-december-2018\/"},"modified":"2018-12-03T04:10:21","modified_gmt":"2018-12-03T04:10:21","slug":"what-were-tracking-on-3-december-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/what-were-tracking-on-3-december-2018\/","title":{"rendered":"What we\u2019re tracking on 3 December 2018"},"content":{"rendered":"<p><b>Who do you have to know to get fast internet around these parts? <\/b>Serious question. We went, with our checkbook wide open, to one of the three big mobile network operators \u2014 one that claims to be corporate friendly and that says it offers bundles including WiMax and microwave solutions. One with whom we have been a customer in good standing for more than a decade.<\/p>\n<p>\u201cPlease, Big Telecom, get our soon-to-be new office online. Give us microwave internet, so that we may surf speedily and without worry. So that those who work for our parent company may back-up their large files to their hearts\u2019 content.\u201d<\/p>\n<p>Days later: \u201cNo,\u201d sayeth the telecom, mumbling something incoherent about bandwidth allocations at the Telecom Egypt-run central.<\/p>\n<p>\u201cTayyeb, what about WiMax?\u201d<\/p>\n<p>\u201cSure,\u201d sayeth Big Telecom. \u201cThat\u2019s a great idea. We\u2019ll get back to you.\u201d<\/p>\n<p>Days later: \u201cActually, no.\u201d<\/p>\n<p>\u201cBut why?\u201d<\/p>\n<p>\u201cBecause.\u201d<\/p>\n<p>Full-stop.<\/p>\n<p>There are few experiences less satisfying than dealing with a corporation that no longer cares about being good, let alone great.<\/p>\n<p><b>Careem is launching today a pilot run of its new, USD 100 mn fixed-route bus service<\/b>, a company executive said, <a href=\"https:\/\/www.masrawy.com\/news\/news_economy\/details\/2018\/12\/2\/1472298\/%D9%85%D8%B5%D8%AF%D8%B1-%D8%BA%D8%AF-%D8%A7-%D8%A7%D9%84%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%A7%D9%84%D8%B1%D8%B3%D9%85%D9%8A-%D9%84%D8%AE%D8%AF%D9%85%D8%A9-%D9%83%D8%B1%D9%8A%D9%85-%D8%A8%D8%A7%D8%B5-%D9%81%D9%8A-%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-#sectionListing\">according to Masrawy<\/a>. The service, a competitor to hot startup Swvl, will kick off in Cairo today and roll out to Alexandria and other parts of the country in the near future, the exec claims. The ride-hailing company had announced its plans to pilot the service <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/14\/careem-plans-to-roll-out-bus-hailing-service-starting-with-egypt\/\">in August<\/a>, saying it will start with at least four Egyptian cities before tapping the broader MENA market.<\/p>\n<p>This comes as <b>Uber CEO Dara Khosrowshahi will be in Cairo tomorrow<\/b> for \u201can important announcement\u201d (pdf).<\/p>\n<p><a href=\"https:\/\/www.egyptdefenceexpo.com\/\"><b>EDEX 2018<\/b><\/a><b> opens today in Cairo. The nation\u2019s first defense expo <\/b>runs through Wednesday at the Egypt International Exhibition Center and will feature <a href=\"https:\/\/www.egyptdefenceexpo.com\/international-pavilions\">international pavilions<\/a> from 20 countries. Among those attending: The Brits, who have sent trade envoy (and frequent visitor to Cairo) Sir Jeffrey Donaldson and Lt. Gen. Sir John Lorimer, the UK government\u2019s senior defense advisor for the Middle East, to visit, <a href=\"https:\/\/www.gov.uk\/government\/news\/uk-trade-and-defence-envoys-in-cairo-for-edex-conference.ar\">according to a statement<\/a>.<\/p>\n<p><b>A delegation of 11 major French companies is in town today<\/b>, <a href=\"https:\/\/cms.shorouknews.com\/mobile\/news\/view.aspx?cdate=02122018&id=af9f5a3d-d8af-43f2-ba0a-7d30cb7f0ae0\">says<\/a> Ludovic Pr\u00e9vost, director of the Business France office in Cairo. Execs from companies including <a href=\"https:\/\/www.veolia.fr\/\">Veolia<\/a> and <a href=\"https:\/\/www.systra.com\/en\/\">Systra<\/a> are along for the visit.<\/p>\n<p><b>Events you can attend today:<\/b><\/p>\n<ul>\n<li>AUC\u2019s knowledge portal, Business Forward, marks its <a href=\"http:\/\/businessforwardauc.com\/industry-insight\/2018\/11\/26\/the-dna-of-egypts-real-economy-a-look-forward-at-our-first-anniversary\/\">one-year anniversary today<\/a>;<\/li>\n<li>The French Chamber of Commerce is hosting a <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/11\/CCIFE-SEMINAR-ON-CONSUMER-FINANCE.pdf\">seminar on consumer finance<\/a> this evening.<\/li>\n<\/ul>\n<p><b>Asian shares <\/b><a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/u-s-stock-futures-jump-after-trump-xi-trade-armistice-idUSKBN1O10VB?il=0\"><b>opened up<\/b><\/a><b> this morning, <\/b><a href=\"https:\/\/www.reuters.com\/article\/us-global-oil\/oil-prices-surge-after-u-s-china-agree-trade-war-ceasefire-idUSKBN1O201K?il=0\"><b>oil prices surged<\/b><\/a><b> and the USD got a bit cheaper <\/b>after the so-called <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/u-s-stock-futures-jump-after-trump-xi-trade-armistice-idUSKBN1O10VB?il=0\">Trump-Xi trade \u201carmistice,\u201d<\/a> suggesting a good start to the week for equities when western markets open later this morning.<\/p>\n<p><b>Moscow and Riyadh will extend their OPEC+ pact for another year,<\/b> Russian President Vladimir Putin said after meeting with Saudi Crown Prince Mohammed bin Salman over the weekend, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-12-01\/putin-says-russia-and-saudi-arabia-to-extend-opec-oil-pact?srnd=premium-middle-east\">Bloomberg reported<\/a>. OPEC and other oil producers are scheduled to meet in Vienna on 6 December to possible output cuts to prop up prices.<\/p>\n<p><b>If you\u2019ve made a reservation at a Starwood hotel in the past four years, your personal information may have been hacked. <\/b>The personal data of as many as 500 mn people has been exposed, including passport details, phone numbers, email addresses and, for some, encrypted credit card information. <b>You should worry if you\u2019ve stayed at hotels including the Sheraton, the Ritz Carlton or the Autograph Collection. <\/b><a href=\"https:\/\/www.reuters.com\/article\/legal-us-marriott-intnl-cyber\/marriotts-starwood-database-hacked-500-million-may-be-affected-idUSKCN1O02VH\">Reuters<\/a> and the <a href=\"https:\/\/www.nytimes.com\/2018\/11\/30\/business\/marriott-data-breach.html\">New York Times<\/a> have the story. New Starwood parent company <a href=\"https:\/\/answers.kroll.com\/en-ca\/index.html#enrollment-options\">Marriott has put up an entirely unsatisfying website<\/a>, and you can take Wired\u2019s advice on <a href=\"https:\/\/www.wired.com\/story\/marriott-hack-protect-yourself\/\">how to protect yourself from this hack and others going forward<\/a>.<\/p>\n<p><b>In miscellany this morning:<\/b><\/p>\n<p><b>Do you run a family business? Thinking about succession? <\/b><a href=\"http:\/\/www.bbh.com\">Brown Brothers Harriman<\/a>, where the late US President George H.W. Bush\u2019s father was a partner, has got you covered with their surprisingly good Owner to Owner quarterly magazine. Highlights include a profile of a family that <b>sold their department store chain to private equity<\/b>, a look at <b>family business governance<\/b>, and a discussion of how <b>buy-sell agreements help succession plans. <\/b><a href=\"https:\/\/www.bbh.com\/resource\/blob\/33054\/2eeacdf6de5000d8b8de44e64f5ec49c\/q4-2018-owner-to-owner-full-issue-pdf-data.pdf\">You can read it online in pdf form here<\/a><b>.<\/b><\/p>\n<p><b>Jeffrey Talpins may be the hottest investor on Wall Street<\/b> \u2014 and odds are good you\u2019ve never heard of him despite his hedge fund, <a href=\"http:\/\/www.elementcapital.com\">Element Capital Management<\/a>, posting a gain of 26.8% in 10M2018 against a loss of nearly 1.9% for the average hedge fund. Read: <a href=\"https:\/\/www.wsj.com\/articles\/jeffrey-talpins-is-the-hedge-fund-king-youve-never-heard-of-1543764284\">Jeffrey Talpins is the hedge-fund king you\u2019ve never heard of (WSJ)<\/a>.<\/p>\n<p><b>Element Capital\u2019s <\/b><a href=\"http:\/\/www.elementcapital.com\"><b>website<\/b><\/a><b>? <\/b>We call that an \u201cF.U.\u201d site. As in \u201cOh, you want more information? F.U.\u201d Click though and you\u2019ll understand. (Though by hedgie standards, it\u2019s actually rather generous with the run of text down the right-hand side.)<\/p>\n<p><b>The head of the world\u2019s largest sovereign wealth fund <\/b><a href=\"https:\/\/www.ft.com\/content\/200fed0c-5923-38f9-86a8-cb43a8163964\"><b>says he doesn\u2019t have a personal assistant<\/b><\/a>, arranges his own meetings and makes his own travel arrangements. An FT columnist <a href=\"https:\/\/www.ft.com\/content\/5cbc0978-f3c3-11e8-9623-d7f9881e729f\">asks him if he\u2019s for real<\/a> \u2014 and, while cheering him on, admits to having enjoyed being pampered herself.<\/p>\n<p><b>For those who dream of the iPad Only Lifestyle, but still need to work on their Mac:<\/b> Tld YouTuber Jonathan Morrison (who recently made waves with a <a href=\"https:\/\/m.youtube.com\/watch?v=-ZpsliNmJLo\">video of him editing a video on his 2018 iPad Pro<\/a>) shows how to \u2018transform\u2019 your iPad Pro into a Mac using a 2018 Mac Mini and a little dongle (<a href=\"https:\/\/m.youtube.com\/watch?v=lqLR20jh9Qk\">watch, runtime: 4:24<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who do you have to know to get fast internet around these parts? Serious question. We went, with our checkbook wide open, to one of the three big mobile network operators \u2014 one that claims to be corporate friendly and that says it offers bundles including WiMax and microwave solutions. One with whom we have [&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":[442,514,11509,93,72,125,328,270,219,441,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604402","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-careem","tag-consumer-finance","tag-dara-khosrowshahi","tag-energy","tag-enterpriseam","tag-investment-watch","tag-ride-hailing","tag-russia","tag-saudi-arabia","tag-uber","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"ded9d511-e1e7-417e-9acb-a3544198892e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[604400],"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 3 December 2018 - 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\/2018\/12\/03\/what-were-tracking-on-3-december-2018\/\" \/>\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 3 December 2018\" \/>\n<meta property=\"og:description\" content=\"Who do you have to know to get fast internet around these parts? 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We hope you enjoyed the brief break \u2014 it seems the news cycle is trying its best to catch us up.THE BIG STORY TODAY- Helios to acquire majority stake in Telecom Egypt\u2019s data center hub: Africa-focused and London-based\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\/2024\/2\/2608.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552441,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/05\/this-evening-telecom-egypts-stake-in-vodafone-egypt-could-be-in-play-pmi-is-less-bad-liz-truss-named-as-uks-new-pm\/","url_meta":{"origin":604402,"position":1},"title":"THIS EVENING: Telecom Egypt\u2019s stake in Vodafone Egypt could be in play + PMI is less bad + Liz Truss named as UK\u2019s new PM","author":"enterpriseam admin","date":"5 September 2022","format":false,"excerpt":"Good afternoon, wonderful people. 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