{"id":632730,"date":"2018-02-19T04:31:03","date_gmt":"2018-02-19T04:31:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/what-were-tracking-on-19-february-2018\/"},"modified":"2018-02-19T04:31:03","modified_gmt":"2018-02-19T04:31:03","slug":"what-were-tracking-on-19-february-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/what-were-tracking-on-19-february-2018\/","title":{"rendered":"What we\u2019re tracking on 19 February 2018"},"content":{"rendered":"

It\u2019s a relatively quiet morning in Cairo on which we\u2019re grateful for many things<\/strong>, not least of which is the fact that we get to write to all of you every morning. Thank you all, readers and sponsors alike, for making it possible to do what we do each day.<\/p>\n

Sweden\u2019s Trade Minister Ann Linde is in Egypt until tomorrow<\/strong>, according to an embassy statement<\/a>. Linde will discuss economic and political developments in Egypt as well as strengthening trade ties, women\u2019s rights and women\u2019s participation in the economy and society at large with government officials and representatives of civil society.<\/p>\n

Pride Capital will hold its first fintech workshop today <\/strong>covering insurance tech and how technology can deliver affordable, convenient health insurance. The event will be held today at the Greek Campus on Tahrir. Register here<\/a>.<\/p>\n

<\/a> The Ismail government is setting new garbage collection fees for homes<\/strong> that will range between EGP 2-40 per residential unit per month, up from EGP 1-10 monthly today, Environment Minister Khaled Fahmy tells Al Mal<\/a>. Offices, stores and factories will pay EGP 30-200 per month, up from EGP 10-30, he added. The fees will be determined based on the real estate\u2019s size and location.<\/p>\n

But you don\u2019t pay your existing garbage fee? <\/strong>Touch\u00e9. The story also suggests the environment and electricity ministries are \u201cin talks\u201d to \u201cfind a way\u201d to collect the garbage feel. Read: Add it to your electricity bill, with the two parties likely arguing over long the Electricity Ministry will get to hold the cash before handing it over to Environment Ministry.<\/p>\n

The proposed fee hikes will be provided for under a new sanitation law <\/strong>that will apparently give incentives to investors entering the waste management space, including making land available at subsidized rates to set up recycling businesses. The law would also apparently leave room to enshrine \u201cattractive prices\u201d for refuse-derived fuel, Al Mal reports.<\/p>\n

All of this comes as the Electricity Ministry is preparing the market to expect fee hikes, possibly ahead of an expected July subsidy cut<\/strong>, which makes us suspect the hit to consumers and businesses alike on that last front will be sharp. Customer service fees on electricity bills are set to rise 14-37% depending on the consumption bracket, ministry sources tell Al Borsa<\/a>. The increase in fees comes on the back of upgrades the ministry has been carrying out to strengthen the grid and improve nationwide power distribution, which have so far cost around EGP 40 bn, they add. The highest tier of consumers (over 650 KW a month) will be the ones to feel the rise in service fees the most. The Egyptian Electric Utility and Consumer Protection Agency (Egyptera) has been working since last month<\/a> on the FY2018-19 fee structure for electricity.<\/p>\n

China has threatened retaliation against the US<\/strong> after the Commerce Department put it on a list of 12 countries including Egypt<\/a> on which it recommends the Trump administration slap import tariffs of at least 53% on steel and aluminum, The Financial Times<\/a> reports. Consensus among the sell-side research folks this morning seems to be that the downside for Egypt is relatively contained. Our friends at EFG Hermes note that the primary hit could be to \u201cdrive tonnage from major export-oriented markets (such as China) into the global market.\u201d That said, Egypt has already imposed anti-dumping duties on steel from China, Turkey and Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s a relatively quiet morning in Cairo on which we\u2019re grateful for many things, not least of which is the fact that we get to write to all of you every morning. Thank you all, readers and sponsors alike, for making it possible to do what we do each day. Sweden\u2019s Trade Minister Ann Linde […]<\/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-632730","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":"c49d9c63-cf90-4cf2-9449-6994923a090f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[632728],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 19 February 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\/02\/19\/what-were-tracking-on-19-february-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 19 February 2018\" \/>\n<meta property=\"og:description\" content=\"It\u2019s a relatively quiet morning in Cairo on which we\u2019re grateful for many things, not least of which is the fact that we get to write to all of you every morning. 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The piece does not explain who will have access to the database or otherwise outline its purpose, so\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":622911,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/16\/what-were-tracking-on-16-october-2018\/","url_meta":{"origin":632730,"position":2},"title":"What we\u2019re tracking on 16 October 2018","author":"enterpriseam admin","date":"16 October 2018","format":false,"excerpt":"*** We\u2019re back this morning with a taste of the type of content you\u2019ll be seeing in Enterprise One, our forthcoming professional-grade business intelligence service offering actionable insights into the trends, transactions and news that should be shaping your business and investment decisions.We\u2019re including this morning two exclusive interviews: one\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":624700,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-secures-fourth-womens-squash-world-championship-title\/","url_meta":{"origin":632730,"position":3},"title":"Egypt secures fourth women\u2019s squash world championship title","author":"enterpriseam admin","date":"17 September 2018","format":false,"excerpt":"The Egyptian women\u2019s squash team brought home Egypt\u2019s fourth world championship trophy after yesterday's victory over England, according to the tournament\u2019s official website. The WSF World Team Squash Championships takes place every other year. Egypt won the men\u2019s title five times and the women\u2019s four times.","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\/9\/2459.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622206,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/what-were-tracking-on-29-november-2018\/","url_meta":{"origin":632730,"position":4},"title":"What we\u2019re tracking on 29 November 2018","author":"enterpriseam admin","date":"29 November 2018","format":false,"excerpt":"It\u2019s a big news morning on this last business day of November, and we\u2019re set to start December on a busy note: The net foreign reserves figure for November is due out from the central bank next week;The defense expo EDEX 2018 kicks off on Monday; Uber CEO Dara Khosrowshahi\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":639319,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/what-were-tracking-on-26-october-2017\/","url_meta":{"origin":632730,"position":5},"title":"What we\u2019re tracking on 26 October 2017","author":"enterpriseam admin","date":"26 October 2017","format":false,"excerpt":"**WE ARE USING A NEW DISPATCH PARTNER THIS MORNING. If you or your colleagues are using corporate email and need us to help you whitelist our new sender to guarantee deliverability, please reach out to us on editorial@enterprise.press. Expect a little more hassle on those flights to JFK from Cairo:\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632730","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=632730"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632730\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/632728"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=632730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=632730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=632730"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=632730"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=632730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}