{"id":629301,"date":"2018-05-28T04:14:47","date_gmt":"2018-05-28T04:14:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/28\/what-were-tracking-on-28-may-2018\/"},"modified":"2018-05-28T04:14:47","modified_gmt":"2018-05-28T04:14:47","slug":"what-were-tracking-on-28-may-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/28\/what-were-tracking-on-28-may-2018\/","title":{"rendered":"What we\u2019re tracking on 28 May 2018"},"content":{"rendered":"

The Ramadan news slowdown is real, ladies and gentlemen. <\/strong>We\u2019re determined to enjoy it while it lasts.<\/p>\n

YouTube is still accessible from Egypt this morning <\/strong>despite a Supreme Administrative Court ruling that it must be shuttered for a month over a years-old video a lower court had decided was insulting to the Prophet Mohammed. We presume this unfolds as did ergot (see this morning\u2019s Speed Round, below) and Tiran and Sanafir: The sport isn\u2019t in what the government will do (it\u2019s not going to turn off YouTube), but in how it maneuvers its way around an administrative judiciary that policy makers and business leaders alike often find impenetrable.<\/p>\n

Parking law to be finalized today: <\/strong>The House Local Administration Committee will finalize its discussion of a draft law to regulate public parking and the work of a \u201csayess\u201d (parking attendant) during a meeting today, Ahram Gate reports<\/a>.<\/p>\n

Elsewhere this morning:<\/p>\n

Oil at USD 50 is more likely than oil at USD 100<\/strong>, writes Nick Butler for the Financial Times<\/a>, arguing that the market is set to settle as \u201cthe hype and speculation that led to the [run up to USD 80] is replaced by a cold return to fundamentals. \u2026 There is no shortage of supply and no imbalance of supply and demand. Any shortfalls in production from places such as Venezuela have been easily covered by production from elsewhere, not least the US where output continues to grow month by month thanks to the continuing shale revolution.\u201d Don\u2019t fret: You can always plow your net worth into real gold instead of black gold\u2026<\/p>\n

The US-North Korea summit may still be on<\/strong> as American officials enter North Korea for preparatory talks, Reuters<\/a> and the New York Times<\/a> report. The summit was originally scheduled for 12 June.<\/p>\n

Abbas, Bush in hospital:<\/strong> Palestinian President Mahmoud Abbas was in hospital for an eighth day<\/a> yesterday, reportedly seeking treatment for a lung infection, while former US President George W. Bush was admitted to hospital in Maine<\/a> the same day, complaining of fatigue and low blood pressure.<\/p>\n

Keep an eye on Saudi dairy producer Almarai, which is planning a five-year, <\/strong>USD 2.8 bn capex program<\/strong><\/a> that\u2019s designed to increase efficiency and expand its geographic footprint. Almarai had reportedly tried back in 2016<\/a> to acquire Qalaa Holdings\u2019 Dina Farms dairy and fresh milk operation. Almarai owns and operates the Beyti brand in Egypt as part of a joint venture with PepsiCo.<\/p>\n

Bahrain sees \u201cno glimmer of hope\u201d <\/strong>that the Qatar \u201ccrisis\u201d will end anytime soon, the country\u2019s foreign minister said yesterday<\/a>.<\/p>\n

Nigerians will see real income per capita fall every year through at least 2023<\/strong>, according to an IMF forecast picked up by the Financial Times<\/a>. Crazier still: The country is projected to be the third-largest in the world by 2050, behind only India and China.<\/p>\n

Food for thought: Are raises a thing of the past in the US? <\/strong>\u201cVery few Americans have enjoyed steadily rising pay beyond inflation over the last couple of decade \u2026 Now, executives of big U.S. companies suggest that the days of most people getting a pay raise are over, and that they also plan to reduce their work forces further,\u201d Axios writes<\/a>.<\/p>\n

And speaking of Amreeka: Hurricane season is underway<\/strong> as the first named storm of the 2018 season is due to make landfall today<\/a>. Hurricane season usually runs June through November.<\/p>\n

Your Ramadan rundown for today:<\/strong><\/p>\n

Bank hours<\/strong> run 09:30 am to 01:30 pm for customers and from 09:00 am to 02:00 pm for employees, CBE announced.<\/p>\n

The EGX is running shorter trading hours.<\/strong> The trading session kicks off at 10:00 am, but closes at 1:30 pm. Tap or click here for the full schedule<\/a>.<\/p>\n

We\u2019re looking at reasonably good weather for the rest of the week, <\/strong>with the mercury set to hover between 32\u00b0C and 34\u00b0C all the way through Friday. A spell of warmer weather is on the horizon starting Saturday, according to the long-range forecast on our favorite weather app.<\/p>\n

<\/a> So, when do we eat? <\/strong>For those of us observing, Maghrib is at 6:49 pm CLT today. You\u2019ll have until 3:12 am tomorrow to finish your sohour.<\/p>\n

Tired of lesan asfour soup and sambousek? <\/strong>Struggling for inspiration? Try sheet-pan chicken with potatoes, arugula and garlic yoghurt<\/a>. Go ahead and defy the recipe \u2014 use Greek yoghurt (or mayo, if you prefer). It\u2019s simple and amazing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ramadan news slowdown is real, ladies and gentlemen. We\u2019re determined to enjoy it while it lasts. YouTube is still accessible from Egypt this morning despite a Supreme Administrative Court ruling that it must be shuttered for a month over a years-old video a lower court had decided was insulting to the Prophet Mohammed. We […]<\/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-629301","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":"66b034dc-8d64-4618-9215-919ed0e3f2af","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[629299],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 28 May 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\/05\/28\/what-were-tracking-on-28-may-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 28 May 2018\" \/>\n<meta property=\"og:description\" content=\"The Ramadan news slowdown is real, ladies and gentlemen. 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Abdel Halim had been recalled \u201cfor consultations\u201d in January amid souring ties between the two countries over disputes in sovereignty over the Halayeb Triangle and \u201cEgyptian suspicions of a Sudan-Turkey\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":591873,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/a-20-year-old-startups-ceo-is-on-making-it-today-finance-geeks-this-ones-for-you\/","url_meta":{"origin":629301,"position":1},"title":"A 20-year-old startup\u2019s CEO is on Making It today, finance geeks, this one\u2019s for you","author":"enterpriseam admin","date":"19 December 2019","format":false,"excerpt":"The next episode of our interview show about building a great business in Egypt is out today: Today\u2019s episode of Making It is a must-listen for finance nerds. Look for the episode in your podcast feed in time for your afternoon commute. You can listen on our website | Apple\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\/2019\/11\/Making-It-Album-Cover-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604371,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/02\/what-were-tracking-this-week-and-beyond-36\/","url_meta":{"origin":629301,"position":2},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"2 December 2018","format":false,"excerpt":"Is Egypt on the cusp of a citrus export rush? That appears to be the headlining topic at the Food Africa Expo taking place in Cairo on 8-11 December at the Cairo International Convention & Exhibition Centre. \u201cThe expo takes place at the start of the Egyptian citrus season and\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":652638,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/what-were-tracking-on-16-january-2017\/","url_meta":{"origin":629301,"position":3},"title":"What we\u2019re tracking on 16 January 2017","author":"enterpriseam admin","date":"16 January 2017","format":false,"excerpt":"President Abdel Fattah El Sisi spoke on the economy yesterday in a sit-down with state-owned media.It\u2019s definitely the Finance Ministry\u2019s week in the sun between Amr El Garhy\u2019s presser yesterday (and his interview with Lamees El Hadidy last night), the kickoff of the eurobond roadshow tomorrow and a visit from\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":597240,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/21\/what-were-tracking-on-21-july-2019\/","url_meta":{"origin":629301,"position":4},"title":"What we\u2019re tracking on 21 July 2019","author":"enterpriseam admin","date":"21 July 2019","format":false,"excerpt":"We hate to open on a down note, but today\u2019s news cycle will likely be dominated by British Airways and Lufthansa\u2019s suspension of flights to Cairo due to what they described as \u201csecurity concerns.\u201d British Airways, whose lead was followed by the German airline, has so far remained tight-lipped 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":561018,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/egypt-in-the-news-on-22-march-2021\/","url_meta":{"origin":629301,"position":5},"title":"Egypt in the News on 22 March 2021","author":"enterpriseam admin","date":"22 March 2021","format":false,"excerpt":"The passing of high-profile writer and feminist icon Nawal El Saadawi leads the conversation on Egypt this morning (as we note in What We\u2019re Tracking Today, above). In the runner-up spot: coverage of our latest vaccine shipment from China. 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