{"id":624695,"date":"2018-09-17T04:11:37","date_gmt":"2018-09-17T04:11:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/what-were-tracking-on-17-september-2018\/"},"modified":"2018-09-17T04:11:37","modified_gmt":"2018-09-17T04:11:37","slug":"what-were-tracking-on-17-september-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/what-were-tracking-on-17-september-2018\/","title":{"rendered":"What we\u2019re tracking on 17 September 2018"},"content":{"rendered":"<p><strong>The EGX30 posted its biggest one-day loss in more than a year and a half yesterday <\/strong>as the market reacted to the arrest of principals accused in the so-called Al Watan Bank case, which dates back to immediately after the events of January 2011. The sell-off was overdone and on thin volumes, but underscores that the sell-off comes at a delicate time for market sentiment. We have more in today\u2019s Speed Round, below.<\/p>\n<p><strong>Drivers of heavy trucks who turned onto the Cairo Ring Road yesterday were warned <\/strong>that a ban on daytime driving there will carry fines of up to EGP 3,000, <u><a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=16092018&id=0603aea7-36b7-4701-92e2-73474ce82c66\">Al Shorouk reported<\/a><\/u>. Drivers also risk losing their licenses. A daytime ban on heavy trucks carrying more than four tonnes of cargo <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/16\/what-were-tracking-on-16-september-2018\/\">kicked off on Saturday<\/a><\/u>.<\/p>\n<p><strong>Two questions that will help shape sentiment on emerging markets this week: <\/strong>Can oil stay in the USD 80 neighborhood? And is the USD, down 1.7% in the last four weeks against its major global peers, going to continue slipping? The <u><a href=\"https:\/\/www.ft.com\/content\/fce9dea8-b803-11e8-bbc3-ccd7de085ffe\">Financial Times<\/a><\/u> looks at the over \/ under on both questions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX30 posted its biggest one-day loss in more than a year and a half yesterday as the market reacted to the arrest of principals accused in the so-called Al Watan Bank case, which dates back to immediately after the events of January 2011. The sell-off was overdone and on thin volumes, but underscores that [&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":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624695","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":"5215ebc1-db9b-47cb-b13f-fb7684b962a8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[624693],"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 17 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\/17\/what-were-tracking-on-17-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 17 September 2018\" \/>\n<meta property=\"og:description\" content=\"The EGX30 posted its biggest one-day loss in more than a year and a half yesterday as the market reacted to the arrest of principals accused in the so-called Al Watan Bank case, which dates back to immediately after the events of January 2011. 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We have tons of news for you after a busy holiday weekend, so let\u2019s jump right in: Have we passed the second wave? 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Most of us here at Enterprise World Headquarters believe this is the coldest winter any of us have lived through in our fair country, and it seems we\u2019re not alone: Many readers we\u2019ve\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":559009,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/05\/what-were-tracking-on-5-january-2021\/","url_meta":{"origin":624695,"position":2},"title":"What we\u2019re tracking on 5 January 2021","author":"enterpriseam admin","date":"5 January 2021","format":false,"excerpt":"Good morning, friends, and welcome to a particularly busy Tuesday on this holiday-shortened week. Two big stories are vying for your attention here at home: #1- Meet our natural-gas-powered future. The domestic press features wall-to-wall coverage of the Sisi administration\u2019s drive to convert the nation\u2019s cars, trucks and buses to\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":567092,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/13\/what-were-tracking-on-13-january-2020\/","url_meta":{"origin":624695,"position":3},"title":"What we\u2019re tracking on 13 January 2020","author":"enterpriseam admin","date":"13 January 2020","format":false,"excerpt":"The holiday news lull (such as it was this year) is officially over, as we have a packed issue for you this morning. The big stories are still on the international front (Libya, Ethiopia and Iran), but M&A news is back in the headlines and the CBE is shaping up\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":595998,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/what-were-tracking-on-18-august-2019\/","url_meta":{"origin":624695,"position":4},"title":"What we\u2019re tracking on 18 August 2019","author":"enterpriseam admin","date":"18 August 2019","format":false,"excerpt":"The central bank\u2019s Monetary Policy Committee is set to meet this Thursday, 22 August to review key interest rates. Three-quarters of economists we polled believe that the central bank will cut rates for the first time since February. We have more on this in this morning\u2019s Speed Round, below. President\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":595535,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/30\/what-were-tracking-on-30-september-2019\/","url_meta":{"origin":624695,"position":5},"title":"What we\u2019re tracking on 30 September 2019","author":"enterpriseam admin","date":"30 September 2019","format":false,"excerpt":"We\u2019re one trading session into the week, and so far so good. The EGX gained another 3.3% yesterday, continuing last week\u2019s late rally to claw back losses in a torrid Sunday-Tuesday sell-off. The EGP also strengthened against the USD on the back of Thursday\u2019s interest rate cut and improving sentiment\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\/624695","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=624695"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624695\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624693"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624695"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624695"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}