{"id":628615,"date":"2018-05-09T04:19:01","date_gmt":"2018-05-09T04:19:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/what-were-tracking-on-9-may-2018\/"},"modified":"2018-05-09T04:19:01","modified_gmt":"2018-05-09T04:19:01","slug":"what-were-tracking-on-9-may-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/what-were-tracking-on-9-may-2018\/","title":{"rendered":"What We\u2019re Tracking on 9 May 2018"},"content":{"rendered":"

The biggest story of this morning: US President Donald Trump announced overnight that the US is withdrawing from the 2015 multi-country nuclear pact with Iran<\/strong>, calling it \u201cone of the worst and most one-sided transactions the United States has ever entered into.\u201d Washington will move to reinstate \u201cthe highest level\u201d of economic sanctions against Tehran, he said. Members of the European Union are losing it, Saudi and the UAE are crowing, and Egypt is tending its knitting. We have chapter and verse in Speed Round, below.<\/p>\n

Okay, but what does it mean for oil prices? <\/strong>The consensus is that prices are likely to rise. Iran raised its oil output by c. 1 mn barrels per day when sanctions were lifted in 2016, and \u201cat least some of that\u201d will be pulled now at the same time as oil is already north of USD 70 thanks to production cuts from OPEC and Russia, CNN notes.<\/a> Reuters, meanwhile, thinks Iranian exports to Europe and Asia are at risk<\/a>. Iran currently exports about 2.5 mn barrels of its 3.8 mn BOPD of production, with China, India and other Asian countries its top markets. Brent crude was up 1.9% after the announcement to USD 76.27<\/strong> while WTI rose 1.6%, the Financial Times<\/a> notes, quoting an analyst report that says the sanctions announcement \u201cputs into place a scenario that could see the crude oil market tighten significantly in H2 2018<\/strong> and into next year.\u201d Bloomberg also has a decent rexplainer.<\/a><\/p>\n

On the whole, Arab youth currently see the United States as an enemy<\/strong>, according to the 2018 Arab Youth Survey. In 2016, 32% of Arab youth saw the United States as an enemy. Today, that figure stands at 57%. You an explore the full survey here.<\/a><\/p>\n

So, investing in non-public private equity general partners is now a thing<\/strong>, the Financial Times\u2019 Sujeet Indap tells us this morning. Some of you won\u2019t like the snark in the opening grafs (it made us smile), but push through: This is required reading for our subscribers in PE<\/a>, whether you\u2019re at an established firm or tending to a relative startup.<\/p>\n

And for our readers in marketing \/ comms \/ advertising:<\/strong> Ousted WPP boss Martin Sorrell thinks the agency model he helped build is now broken. In the few short weeks since he left WPP, Sorrell says he has found \u201ca better perspective on which parts of the industry were growing and adapting and which were held back by the \u2018warts and problems that legacy companies have.\u2019\u201d He\u2019s setting out to create a new agency that would be \u201cmore agile, more responsive, less layered, less bureaucratic, less heavy\u201d than traditional advertising companies, he said, with a focus on technology, data and content,\u201d according to the Financial Times<\/a>. You and everyone else, brother.<\/p>\n

Elsewhere this morning:<\/p>\n