{"id":626089,"date":"2018-08-30T04:18:42","date_gmt":"2018-08-30T04:18:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/30\/what-were-tracking-on-29-august-2018-2\/"},"modified":"2018-08-30T04:18:42","modified_gmt":"2018-08-30T04:18:42","slug":"what-were-tracking-on-29-august-2018-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/30\/what-were-tracking-on-29-august-2018-2\/","title":{"rendered":"What we\u2019re tracking on 29 August 2018"},"content":{"rendered":"

At long last, a shuffle of governors? <\/strong>At least nine new governors will reportedly be sworn in today for Cairo, Giza, Marsa Matrouh, Ismailia, and Aswan, among others sources close to the matter tell Al Masry Al Youm<\/a>. The list of new governors includes youth, technocrats, as well as former police and military personnel, MP Mostafa Bakry tweeted last night<\/a>. Sources also told Al Shorouk<\/a> that six individuals from President Abdel Fattah El Sisi\u2019s youth program will be appointed as deputy governors. We\u2019re saying \u201cat long last\u201d not because we\u2019re necessarily looking forward to having new faces to cover, but because the shuffle has been rumored and postponed multiple times in recent months.<\/p>\n

The talking heads were naturally all over the rumors<\/strong> likes flies on\u2026well, you know\u2026(watch here, runtime: 1:25<\/a> and here, runtime: 10:09<\/a>)<\/p>\n

President Abdel Fattah El Sisi is set to land in Bahrain today<\/strong> for a meeting with King Hamad bin Isa Al Khalifa, according to Al Masry Al Youm<\/a>.<\/p>\n

IFC agreement today? <\/strong>Investment Minister Sahar Nasr is expected to sign today an unspecified agreement with the International Finance Corporation (IFC) Regional Director Mouayed Makhlouf, according to an emailed statement.<\/p>\n

Global equities market slip on Canada\u2019s uncertainty over Nafta: <\/strong>Global markets eased yesterday on uncertainty over Canada\u2019s position on a renegotiated North American Freetrade Agreement (Nafta) with the US and Mexico. The MSCI world equity index was down 0.1% yesterday after climbing to a near five-month high, according to Reuters<\/a>. Markets had rallied earlier in the week<\/a> after the US and Mexico came to terms about revamping the Nafta \u2014 signaling a de-escalation of months of rising trade tensions \u2014 and on expectations that Canada would cave by the end of the week. US President Donald Trump said he wanted to slap Ottawa with additional tariffs if it refused the agreement. Trump and Canadian Prime Minister Justin Trudeau both said late yesterday that an agreement by Friday may be possible<\/a>.\/<\/p>\n

Emerging markets are bracing for the impact of more problems out of Argentina<\/strong>, where \u201cthe International Monetary Fund has agreed to revise the terms of its USD 50 bn Argentina bailout package as the peso suffered its biggest tumble in almost three years, sending the currency to a record low,\u201d the Financial Times<\/a> reports.<\/p>\n

Turkey is adding fuel to the fire: <\/strong>The Turkish lira dropped more than 3%<\/a> against the USD yesterday, \u201cleading losses across emerging markets,\u201d Reuters says<\/a>. The drop yesterday was driven by a warning from credit rating agency Moody\u2019s that Ankara\u2019s FX debt was growing as it downgraded 20 Turkish financial institutions, as well as by comments from Turkish Finance Minister Berat Albayrak \u201csaying he did not see a risk to the economy.\u201d<\/p>\n

The EGX shrugged off yesterday\u2019s emerging markets slide<\/strong>, with the EGX advancing 1.5% in moderate trading. Nearly EGP 1 bn in shares changed hands, a bit above the trailing 90-day average as folks slowly trickle back to work.<\/p>\n

(And speaking of Turkey: The Union of Egyptian Investors Associations renewed calls for the Sisi administration to scrap Cairo\u2019s trade agreement with Ankara,<\/strong> which they claim harms local production and serves only Ankara\u2019s interests, according to a press release picked up by Al Shorouk<\/a>.)<\/p>\n

In other news from across the pond, White House counsel Don McGahn will be leaving his post in the fall<\/strong>, Trump announced on Twitter<\/a>. The announcement \u201ccomes after revelations that [McGahn] co-operated extensively with special counsel Robert Mueller\u2019s investigation into alleged Russian interference in the 2016 election,\u201d according to the FT<\/a>, which notes that McGahn\u2019s \u201cposition in the White House has made him a key witness in Mr. Mueller\u2019s inquiries into whether the president has attempted to obstruct the Russia probe.\u201d<\/p>\n

Starbucks\u2019 Pumpkin Spice Latte has been available for a couple of days now in North America. <\/strong>In August. We have reached peak capitalism. Or peak retail. Or something that, when you squint at it the right way, is either completely ridiculous or a sign of the End Times.<\/p>\n","protected":false},"excerpt":{"rendered":"

At long last, a shuffle of governors? At least nine new governors will reportedly be sworn in today for Cairo, Giza, Marsa Matrouh, Ismailia, and Aswan, among others sources close to the matter tell Al Masry Al Youm. The list of new governors includes youth, technocrats, as well as former police and military personnel, MP […]<\/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-626089","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":"1812c90a-366e-48bd-941f-781f3557e232","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[626087],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 29 August 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\/08\/30\/what-were-tracking-on-29-august-2018-2\/\" \/>\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 29 August 2018\" \/>\n<meta property=\"og:description\" content=\"At long last, a shuffle of governors? At least nine new governors will reportedly be sworn in today for Cairo, Giza, Marsa Matrouh, Ismailia, and Aswan, among others sources close to the matter tell Al Masry Al Youm. 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The shuffle could include as many as 15 of\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","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":626515,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/what-were-tracking-this-week-3\/","url_meta":{"origin":626089,"position":1},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"4 July 2018","format":false,"excerpt":"We\u2019re still looking for news of a shuffle of the nation\u2019s 27 governors that was expected last week and for news that a visiting World Bank delegation might send signals on the WBG\u2019s interest in chipping in additional financing for rail and river transport.","rel":"","context":"In "What We\u2019re Tracking This Week"","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":625751,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/what-were-tracking-this-week-and-beyond-105\/","url_meta":{"origin":626089,"position":2},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"Governors shuffle coming after Eid break? A shuffle of the nation\u2019s 27 governors will likely be announced after the Eid Al Adha break, an unnamed source from the Local Development Ministry tells Al Shorouk. The announcement of the shuffle has been postponed several times since reports of its imminence first\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625805,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/what-were-tracking-this-week-and-beyond-106\/","url_meta":{"origin":626089,"position":3},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"15 August 2018","format":false,"excerpt":"A shuffle of the nation\u2019s 27 governors will likely be announced after the Eid Al Adha break, an unnamed source from the Local Development Ministry tells Al Shorouk. The announcement of the shuffle has been postponed several times since reports of its imminence first broke in June, but sources had\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625703,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/what-were-tracking-this-week-and-beyond-104\/","url_meta":{"origin":626089,"position":4},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"13 August 2018","format":false,"excerpt":"Dar Al Ifta announced the first day of Eid Al Adha will be Tuesday, 21 August, with Waqfat Arafat taking place on Monday. Expect most people to also take next Sunday off to bridge into a full nine-day vacation. Governors shuffle coming after Eid break: A shuffle of the nation\u2019s\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626461,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/what-were-tracking-this-week-2\/","url_meta":{"origin":626089,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"3 July 2018","format":false,"excerpt":"As many as 15 of the nation\u2019s 27 governors could be hanging up their suits in a shuffle that had been expected last week. The short list is reportedly with President Abdel Fattah El Sisi.Keep your eyes peeled for signs the World Bank is chipping in more money for rail\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626089","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=626089"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626089\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/626087"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=626089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=626089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=626089"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=626089"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=626089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}