{"id":624639,"date":"2018-09-16T04:19:28","date_gmt":"2018-09-16T04:19:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/what-were-tracking-on-16-september-2018\/"},"modified":"2018-09-16T04:19:28","modified_gmt":"2018-09-16T04:19:28","slug":"what-were-tracking-on-16-september-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/what-were-tracking-on-16-september-2018\/","title":{"rendered":"What we\u2019re tracking on 16 September 2018"},"content":{"rendered":"

<\/a> **#6<\/strong> Daytime ban on heavy trucks on Ring Road starts today: <\/strong>Heavy trucks will only be allowed on the Ring Road around the nation\u2019s capital between midnight and 6:00 am under a ban that came into effect overnight, according to a state news agency report picked up by Ahram Online<\/a>. Heavy trucks carrying more than four tonnes of cargo will be required to use the Regional Ring Road instead. Would that pickup trucks were included in the ban\u2026<\/p>\n

President Abdel Fattah El Sisi will inaugurate today new schools<\/strong> following the Japanese curriculum, Al Masry Al Youm<\/a> reports. Education Minister Tarek Shawky had announced last week<\/a> that 34 Japanese schools across 19 governorates will be operational by 22 September.<\/p>\n

Pope Tawadros II is on a pastoral tour of the United States. <\/strong>The pope presided yesterday<\/a> over mass during the inauguration of the Holy Family Coptic Church in Boston and the Queen Helen Coptic Church in New York.<\/p>\n

A Slovak business delegation is in town <\/strong>kicking the tires on potential trade and investment opportunities<\/a>.<\/p>\n

Ethiopia and Eritrea will sign a peace agreement today <\/strong>in Jeddah, Saudi Arabia. United Nations Secretary General Antonio Guterres is due to attend, according to Washington Post<\/a>. The move comes just a week after the two countries reopened their shared border<\/a> for the first time in 20 years.<\/p>\n

Abu Dhabi Financial Group revises bid to for Abraaj\u2019s ME funds: <\/strong>Abu Dhabi Financial Group (ADFG) submitted a revised bid to acquire the management rights for Abraaj\u2019s Middle East funds, according to a letter from ADFG seen by Reuters<\/a>. The new offer includes up to USD 6 mn for the audit and litigation financing as well as a USD 10 mn credit facility to fund the operations of the Middle East funds. This is in on top of USD 10 mn earmarked separately for the fund manager\u2019s liabilities. \u201cThis means there is a zero capital call requirement from all the 200 unique investors in the Middle East funds which will clear one of the major hurdles going forward for the protection of the assets,\u201d says the letter. ADFG is up against Actis, a consortium formed by Kuwait\u2019s Agility, and New York-based Centerbridge Partners in its bud to acquire management of the funds.<\/p>\n

Turkey\u2019s central bank raised interest rates on Thursday<\/strong>, giving the TRY a much-needed boost, the Financial Times says<\/a>. Currencies in South Africa, Russia, and Mexico all gained against the USD last week, slightly calming investor worries. Turkish President Recep Tayyip Erdogan, who last week appointed himself manager of his country\u2019s sovereign wealth fund<\/a>, had called on the central bank to slash rates further.<\/p>\n

And the investment bankers shall inherit the earth: <\/strong>With Lloyd Blankfein set to step down by the end of the month, it\u2019s increasingly clear that Goldman<\/strong>\u2019s investment bankers are in the driver\u2019s seat, writes Bloomberg<\/a>. \u201cThree of the most important roles now are going to be held by executives who rose through the dealmaking unit, overhauling the masthead of a firm that for years was Wall Street\u2019s dominant trading powerhouse.\u201d The Wall Street Journal<\/a> is taking the same angle. Meanwhile, Reuters<\/a> thinks JPMorgan<\/strong> CFO Marianne Lake is the most likely candidate to succeed Jamie Dimon whenever he decides to head off into retirement.<\/p>\n

Mary \u201cQueen of the Internet\u201d Meeker is leaving <\/strong>Kleiner Perkins<\/strong><\/a> to start her own firm <\/strong>amid a split over how to balance between growth-stage and later-stage investing. \u201cThe Silicon Valley firm\u2019s growth-investment team focused on later-stage funding is leaving the firm, spurred partly by internal differences over investing strategy and resulting in the departure of famed former Morgan Stanley analyst Mary Meeker,\u201d the Wall Street Journal reports<\/a>. The NYT<\/a> also has the story. Meeker is best known for her exhaustive annual internet trends report. <\/strong>You can catch the 2018 edition here<\/strong><\/a>.<\/strong><\/p>\n

Also \u201cde-merging\u201d is the South Africa-UK hybrid Investec<\/strong>, the Financial Times\u2019 Lex column<\/a> notes, saying the firm is spinning off its (potentially undervalued) asset management franchise.<\/p>\n

It\u2019s Financial Crisis Week in the international business press<\/strong>, with many looking set to continue their 10-year anniversary coverage after zeroing in on the 15 September collapse of Lehman Bros. We\u2019ll have picks throughout the week. Start today with the FT\u2019sInvestment winners and losers 10 years after the crash.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

**#6 Daytime ban on heavy trucks on Ring Road starts today: Heavy trucks will only be allowed on the Ring Road around the nation\u2019s capital between midnight and 6:00 am under a ban that came into effect overnight, according to a state news agency report picked up by Ahram Online. Heavy trucks carrying more than […]<\/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-624639","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":"027beebc-7b2f-4daa-87cb-e6a5ceb91703","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[624637],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 16 September 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\/09\/16\/what-were-tracking-on-16-september-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 September 2018\" \/>\n<meta property=\"og:description\" content=\"**#6 Daytime ban on heavy trucks on Ring Road starts today: Heavy trucks will only be allowed on the Ring Road around the nation\u2019s capital between midnight and 6:00 am under a ban that came into effect overnight, according to a state news agency report picked up by Ahram Online. 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The sell-off was overdone and on\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":633028,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/what-were-tracking-on-26-february-2018\/","url_meta":{"origin":624639,"position":1},"title":"What we\u2019re tracking on 26 February 2018","author":"enterpriseam admin","date":"26 February 2018","format":false,"excerpt":"Good morning, friends, and welcome an an achingly slow news day, including warmed-up leftovers from our own Speed Round to Bloomberg, the FT and beyond.Is this a good time to note that we\u2019re nearly into the month of March? Which means Ramadan will be upon us in just over two\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\/2018\/2\/910.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624213,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/03\/what-were-tracking-on-03-september-2018\/","url_meta":{"origin":624639,"position":2},"title":"What we\u2019re tracking on 03 September 2018","author":"enterpriseam admin","date":"3 September 2018","format":false,"excerpt":"Look for Egypt to emerge from its August news coma this week. Fall conference season will nudge things in that direction: Euromoney\u2019s Egypt event starts tomorrow, and we have a week to go before the EFG Hermes London conference, the fall\u2019s premier gathering of investors focusing on opportunities in frontier\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":553557,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/this-morning-more-cop27-announcements-schools-are-closed-again-in-alexandria-due-to-bad-weather\/","url_meta":{"origin":624639,"position":3},"title":"THIS MORNING: More COP27 announcements + schools are closed again in Alexandria due to bad weather","author":"enterpriseam admin","date":"8 December 2021","format":false,"excerpt":"Good morning, nice people, and happy almost-THURSDAY. It\u2019s another busy news day (as it so often is at this time of year), so let\u2019s jump right in:WHAT\u2019S HAPPENING TODAY-School\u2019s out in Alexandria, Matrouh for the second time this week: All schools across Alexandria and Matrouh will be closed today and\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":642760,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/what-were-tracking-on-22-august-2017\/","url_meta":{"origin":624639,"position":4},"title":"What we\u2019re tracking on 22 August 2017","author":"enterpriseam admin","date":"22 August 2017","format":false,"excerpt":"It was another slow day in Omm El Donia yesterday as families with kids at international schools slowly trickled back to campus and the rest of the business community got in some more time in Sahel. With Q2 earnings season now behind us, the VIX index for business and finance\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":569517,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/26\/your-top-infrastructure-stories-of-the-week-5\/","url_meta":{"origin":624639,"position":5},"title":"Your top infrastructure stories of the week","author":"enterpriseam admin","date":"26 February 2020","format":false,"excerpt":"Your top stories for infrastructure this week are: Dabaa: Russia and Belarus are in talks over potentially cooperating on the construction of the Dabaa nuclear power plant.Unified Building Code: The House constitutional, housing and local management committees have finalized a draft of the Unified Building Code which would streamline procedures\u2026","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/enterpriseam.com\/egypt\/tag\/china\/"},"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\/624639","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=624639"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624639\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624637"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624639"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624639"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}