{"id":622806,"date":"2018-10-14T04:22:53","date_gmt":"2018-10-14T04:22:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/what-were-tracking-on-14-october-2018\/"},"modified":"2018-10-14T04:22:53","modified_gmt":"2018-10-14T04:22:53","slug":"what-were-tracking-on-14-october-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/what-were-tracking-on-14-october-2018\/","title":{"rendered":"What we\u2019re tracking on 14 October 2018"},"content":{"rendered":"

A thought to keep in mind as we get this show on the road: <\/strong>The real secret to greater productivity is to only do that which you really enjoy<\/a>. The shortest column we\u2019ve ever read in the Guardian is also one of the best.<\/p>\n

<\/a> ** #4 Shorter cooling-off period, new T+0 and margin trading rules go into effect today:<\/strong> The cooling-off period for shares that trip circuit breakers by going up or down more than a set daily limit is being trimmed to 10 minutes from 15 under new EGX regulations going into effect today, according to a statement from the EGX (pdf)<\/a> on Thursday. Also this morning, newly listed shares will automatically be added to the list of securities in which same-day trading (T+0) and margin trading is allowed, the statement says. Unclear to us is what the maximum up \/ down is <\/strong>before the circuit breakers go into effect: Previous reports had suggested the EGX was going to allow shares to trade up or down 10% within the day\u2019s trading session, rather than the previous 5%, before triggering a temporary halt to trading. Officials were also said to be discussing a new method of calculating closing share prices <\/strong>as part of a basket of measures<\/a> that was approved by the FRA last month.<\/p>\n

The rule change comes in time for Sarwa Capital\u2019s first day of trading. <\/strong>The consumer and structured finance player makes its EGX debut tomorrow.<\/p>\n

An Italian business delegation is in Egypt until Tuesday to look into potential investments<\/strong>, Al Masry Al Youm reports<\/a>. The delegation includes heads of various Italian associations and heads of SMEs working in manufacturing, logistics, resource management, construction, and real estate development.<\/p>\n

Cairo Water Week<\/strong> kicks off this morning. The conference brings together experts from 57 countries to discuss water-related challenges facing the world, according to Youm7<\/a>.<\/p>\n

It\u2019s the last day of the IMF and World Bank annual meetings <\/strong>in Bali, Indonesia. The gathering, which ends today, closes on a down note for the Emerging Markets Zombie Apocalypse as IMF boss Christine Lagarde \u201cused her pulpit\u201d in Bali last Thursday to \u201cdeliver some marching orders to economic policymakers in emerging markets<\/strong><\/a>. They should, she said, \u2018use all the tools\u2019 at their disposal to stem the capital outflows that would inevitably be triggered by tightening monetary policy in the US, and the escalating trade war between the US and China.\u201d<\/p>\n

Also from Bali: CIB has been named \u201cWorld\u2019s Best Emerging Markets Bank\u201d for the second consecutive year.<\/strong> We\u2019re pleased to note that our friends won the nod as part of Global Finance magazine\u2019s World\u2019s Best Banks Awards for 2018, one year after being named Euromoney\u2019s \u201cWorld\u2019s Best Bank in Emerging Markets.\u201d Global Finance made the announcement at an event on the sidelines of the IMF \/ World Bank Bali meetings. \u201cWinning recognition as the top bank in global emerging markets for the second year in a row is a clear testament to the exceptional caliber of professionals within the Egyptian banking community. It proves that Egyptian institutions can compete on a global scale,\u201d said CIB boss Hisham Ezz Al-Arab in a statement (pdf)<\/a>.<\/p>\n

The FT is out with a special report on banking and finance in the Arab world. <\/strong>We have a rundown on the two key Egypt stories in today\u2019s Speed Round (below). The full package (landing page<\/a>) includes:<\/p>\n