{"id":622539,"date":"2018-10-04T04:23:40","date_gmt":"2018-10-04T04:23:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/what-were-tracking-on-4-october-2018\/"},"modified":"2018-10-04T04:23:40","modified_gmt":"2018-10-04T04:23:40","slug":"what-were-tracking-on-4-october-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/what-were-tracking-on-4-october-2018\/","title":{"rendered":"What we\u2019re tracking on 4 October 2018"},"content":{"rendered":"

<\/a> It\u2019s anyone\u2019s guess whether your business will be open on Sunday. <\/strong>Government employees are off on Sunday, 7 October in observance of Armed Forces Day, Youm7<\/a> reports, citing an announcement by Prime Minister Mostafa Madbouly. Armed Forces Day falls on Saturday, 6 October, so Sunday is a replacement day for government employees.<\/p>\n

That said, we have yet to see anything from the central bank or stock exchange <\/strong>suggesting it will be a day off for the private sector.<\/p>\n

Now that they\u2019re back from summer vacation, perhaps our elected representatives could pass a law<\/strong> simply stating that as a matter of policy, all holidays that fall on a weekend result in a compensatory day off the following workday. Or that they don\u2019t. Or that \u201cthese holidays work that way, but those holidays don\u2019t \u2014 in perpetuity.\u201d At this point, it\u2019s not about the lost productivity from the \u2018extra\u2019 holidays, but about the lost productivity from managers constantly debating whether (a) Sunday is a holiday and (b) accordingly, whether or not to schedule deliverables \/ meetings \/ whatever that day.<\/p>\n

At the risk of being Scrooge: We take too many holidays. <\/strong>Seventeen of them in 2017, when reader Davide C. calculated that only one holiday fell on a Friday or Saturday that was not replaced with a compensatory weekday off. We have the fifth-highest number of holidays in the world<\/strong>, according to Davide\u2019s research. Italy, which he (correctly) figures is our nearest European sibling (culturally, to say nothing of proximity) observes 12 days off: 11 national holidays and one local holiday unique to each city. But when an Italian national holiday falls on a Saturday or a Sunday? You just lose the day <\/strong>or receive extra pay, depending on your employer.<\/p>\n

What did that mean for 2017 when all was said and done? Egypt took 17 national holidays \u2014 and Italy an average of 9.4. <\/rant><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s anyone\u2019s guess whether your business will be open on Sunday. Government employees are off on Sunday, 7 October in observance of Armed Forces Day, Youm7 reports, citing an announcement by Prime Minister Mostafa Madbouly. Armed Forces Day falls on Saturday, 6 October, so Sunday is a replacement day for government employees. That said, we […]<\/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":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622539","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c3f99677-c497-4ab7-af15-df5679ddd2b4","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[622537],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 4 October 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\/10\/04\/what-were-tracking-on-4-october-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 4 October 2018\" \/>\n<meta property=\"og:description\" content=\"It\u2019s anyone\u2019s guess whether your business will be open on Sunday. 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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. 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The stock exchange will be closed, and the Manpower Ministry declared it will be a\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":607195,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/","url_meta":{"origin":622539,"position":2},"title":"THIS EVENING: We\u2019re getting USD 400 mn from China Eximbank for the light rail transit system","author":"enterpriseam admin","date":"27 September 2023","format":false,"excerpt":"Happy THURSDAY-equivalent, ladies and gentlemen. We\u2019re in the last few hours of this abridged workweek as we head into a long weekend. 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