{"id":621686,"date":"2018-11-15T04:05:31","date_gmt":"2018-11-15T04:05:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/15\/what-were-tracking-on-16-november-2018\/"},"modified":"2018-11-15T04:05:31","modified_gmt":"2018-11-15T04:05:31","slug":"what-were-tracking-on-16-november-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/15\/what-were-tracking-on-16-november-2018\/","title":{"rendered":"What we\u2019re tracking on 16 November, 2018"},"content":{"rendered":"<p><strong>We\u2019ve done this 1,000 times now:<\/strong> You\u2019re reading the 1000th issue of Enterprise this morning. We\u2019re not going to make a lot of hoopla over it, but want each and every one of you to know how deeply we value your trust and the fact that you choose to begin your business day with us every morning. We hope you all enjoy what we have in the pipeline over the course of our next 1,000 issues.<\/p>\n<p><strong>It\u2019s interest rate day:<\/strong> The central bank\u2019s Monetary Policy Committee (MPC) meets today to decide on interest rates. <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/12\/egypts-central-bank-to-hold-key-rates-on-thursday\/\">All 10 analysts and economists in our poll<\/a> see the CBE keeping interest rates on hold as it attempts to stem the tide of portfolio outflows in a turbulent emerging markets climate. Foreign holdings in Egypt\u2019s treasuries fell to USD 13.1 bn by the end of September, from a high of USD 21.5 bn in March, said Pharos Holding head of research Radwa El Swaify.<\/p>\n<p><strong>The House discussion of the proposed E-commerce Act originally scheduled for today has been postponed<\/strong>, Rep. Youssef El Shazly <a href=\"https:\/\/almalnews.com\/Story\/398624\/17\/%D9%88%D9%83%D9%8A%D9%84-%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D8%B3%D8%AA%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D8%A3%D8%AC%D9%86%D8%AF%D8%A9-%D8%A7%D9%84%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9%D9%8A%D8%A9-%D8%AE%D9%84%D8%A7%D9%84-%D8%AF%D9%88%D8%B1-%D8%A7%D9%84%D8%A7%D9%86%D8%B9%D9%82%D8%A7%D8%AF-%D8%A7%D9%84%D8%AD%D8%A7%D9%84%D9%8A\">told Al Mal<\/a>. The act is a \u201ctop priority\u201d for the House CIT Committee, he said.<\/p>\n<p><strong>EBRD\u2019s <\/strong><a href=\"https:\/\/www.ebrd.com\/news\/events\/digitalisation-opportunities-for-innovation-in-consultancy-.html\"><strong>conference on opportunities for consultancies in digitalization<\/strong><\/a><strong> ends today<\/strong> at the Marriott Mena House Hotel.<\/p>\n<p><strong>The US embassy and <\/strong><a href=\"http:\/\/www.injaz-egypt.org\/\"><strong>Injaz Egypt<\/strong><\/a><strong> have kicked off this year\u2019s round of <\/strong><a href=\"http:\/\/injaz-egypt.org\/start-up-egypt\/\"><strong>Startup Egypt<\/strong><\/a>, <a href=\"https:\/\/eg.usembassy.gov\/injaz-egypt-and-u-s-embassy-cairo-launch-startup-egypt-2019\/\">the embassy said<\/a> in a statement yesterday. The program has graduated 65 startups since its 2011 launch, and provides seed funding of up to EGP 120k. Startups looking to join the program can apply <a href=\"http:\/\/injaz-egypt.org\/start-up-program-application-form\/\">here<\/a>.<\/p>\n<p><a href=\"https:\/\/www.cbd.int\/conferences\/2018\"><strong>The UN Biodiversity Conference<\/strong><\/a><strong> headlined \u201cinvesting in biodiversity for people and the planet\u201d <\/strong>kicked off yesterday, through to Thursday, 29 November in Sharm El Sheikh. We have more on the conference in Diplomacy + Foreign Trade, below.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Active fund managers, take heart: You can still beat the passive funds <\/strong>if you can get your head around the notion of secular risk. Set aside for a moment the fact that nobody knows how the market will cope (or what glitches will appear) when <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/28\/what-were-tracking-on-28-october-2018\/\">exchange-traded funds sell some USD 7.4 tn in securities<\/a> during the next downturn, as JPMorgan predicts. Passive strategies are here to stay, in one form or another, whether we like it or not. But <strong>human fund managers can get ahead by embracing secular risk<\/strong> as \u201cnew competitive forces, technological advances and changing consumer habits\u201d re-shape industries across the map and present \u201c<strong>powerful challenges to passive investing over the next 5-10 years<\/strong>,\u201d says T. Rowe Price. Get the rundown at <a href=\"https:\/\/www.businessinsider.com\/t-rowe-price-external-pressures-are-hurting-more-companies-2018-11\">Business Insider<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve done this 1,000 times now: You\u2019re reading the 1000th issue of Enterprise this morning. We\u2019re not going to make a lot of hoopla over it, but want each and every one of you to know how deeply we value your trust and the fact that you choose to begin your business day with us [&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":[72,7125,183,167,89,123,639,7085,117,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621686","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-environment","tag-fintech","tag-gaza","tag-israel","tag-startups","tag-technology","tag-un","tag-us","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"77de5905-cfeb-4de0-b307-2838145f804f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[621684],"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 16 November, 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\/11\/15\/what-were-tracking-on-16-november-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 16 November, 2018\" \/>\n<meta property=\"og:description\" content=\"We\u2019ve done this 1,000 times now: You\u2019re reading the 1000th issue of Enterprise this morning. 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Before we get down to it though, as we say every six weeks... It\u2019s interest rate day here in Egypt: The Central Bank of Egypt will meet later today to review\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":559796,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/what-were-tracking-on-3-february-2021-2\/","url_meta":{"origin":621686,"position":1},"title":"What we\u2019re tracking on 3 February 2021","author":"enterpriseam admin","date":"4 February 2021","format":false,"excerpt":"Good morning, everyone \u2014 we made it through another week together, and our just reward is \u2026 rainapocalypse?Today would be a great day to WFH: Expect rain with intermittent thunder and lightning in Cairo and Alexandria, the national weather service says. Rain is also forecast to sweep the Delta, there\u2019s\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":605280,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/what-were-tracking-on-27-december-2018\/","url_meta":{"origin":621686,"position":2},"title":"What we\u2019re tracking on 27 December 2018","author":"enterpriseam admin","date":"27 December 2018","format":false,"excerpt":"** THIS IS OUR LAST REGULAR ISSUE FOR 2018. We will be off Sunday and Monday for our annual December publication holiday and are not publishing Tuesday, 1 January. We\u2019ll be back on Wednesday, 2 January, at which time we\u2019ll likely struggle and refer several times to 2018 instead of\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":567888,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/what-were-tracking-on-10-december-2020\/","url_meta":{"origin":621686,"position":3},"title":"What we\u2019re tracking on 10 December 2020","author":"enterpriseam admin","date":"10 December 2020","format":false,"excerpt":"Good morning, friends. We made it through another week together. There are just 21 days left in 2020, if you \u2014 like us \u2014 are keeping count. *** We\u2019re a bit late this morning because one of our cloud services is glitching this morning. We\u2019ve addressed most of the problem,\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":644852,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/05\/what-were-tracking-this-week-150\/","url_meta":{"origin":621686,"position":4},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"5 July 2017","format":false,"excerpt":"We are only one day away from the CBE\u2019s Monetary Policy Committee meeting this Thursday. Conventional wisdom has it that the CBE with hold interest rates, a view held by economists in a Reuters poll which we noted yesterday. HSBC and Beltone Financial both also predict that the CBE will\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":592822,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/what-were-tracking-on-7-november-2019\/","url_meta":{"origin":621686,"position":5},"title":"What we\u2019re tracking on 7 November 2019","author":"enterpriseam admin","date":"7 November 2019","format":false,"excerpt":"We\u2019re heading into a long weekend: Banks and the EGX are taking Sunday off in observance of Prophet Mohamed\u2019s birthday, which falls on Saturday. We\u2019re following suit and will be back in your inboxes at the usual time on Monday morning.That said: We have plenty of news in a packed\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\/621686","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=621686"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621686\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/621684"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=621686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=621686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=621686"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=621686"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=621686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}