{"id":635885,"date":"2017-12-17T04:03:19","date_gmt":"2017-12-17T04:03:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/what-were-tracking-on-17-december-2017\/"},"modified":"2017-12-17T04:03:19","modified_gmt":"2017-12-17T04:03:19","slug":"what-were-tracking-on-17-december-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/what-were-tracking-on-17-december-2017\/","title":{"rendered":"What we\u2019re tracking on 17 December 2017"},"content":{"rendered":"<p><strong>It\u2019s a very good news day, ladies and gentlemen<\/strong> \u2014 just the type of thing we need to keep us in high spirits as we look forward to the end-of-year news slowdown.<\/p>\n<p><strong>Why are we smiling this morning?<\/strong><\/p>\n<ul type=\"disc\">\n<li><strong>Russian tourists should start returning in February \u2014 and the Zohr field has started production. <\/strong>Taken together, that\u2019s excellent news for our current account and for those hoping for FX stability in 2018. <\/li>\n<li><strong>We\u2019re ending the year with an IPO \u2014 <\/strong>Pharos Holding has a transaction in the market this morning with the announcement that A.T. Lease is going public. What\u2019s more, an arm of Arab Contractors may want to tap the public market next year.<\/li>\n<li><strong>Our friends at EFG Hermes are jumping into the consumer finance space <\/strong>with a new mobile app for Egyptian consumers. <\/li>\n<li>And we have news of both <strong>policy sanity on the requirement that prices be printed on packaging and new investment <\/strong>peppering Speed Round.<\/li>\n<\/ul>\n<p>Meanwhile, <strong>Prime Minister Sherif Ismail confirmed that he is in good health <\/strong>in a written statement to TenTV\u2019s Amr Abdel Hamid, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1232708\">Al Masry Al Youm reports<\/a>. Acting Prime Minister Mostafa Madbouly <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/14\/what-were-tracking-on-14-december-2018\/\">had said last week<\/a> that Ismail will be discharged from hospital within days, and will remain in Germany to continue his recovery, but will return to Egypt \u201csoon.\u201d<\/p>\n<p><strong>It\u2019s a big week for: The House of Representatives. <\/strong>Our elected representatives will begin plenary-session discussion of the proposed Universal Healthcare Act today. MPs are also expected to hold a final vote on the ban on drones in a plenary session today, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1736990.aspx\">Ahram Gate reports<\/a>. <a href=\"http:\/\/gate.ahram.org.eg\/News\/1736979.aspx\">On Monday<\/a>, the House Constitutional and Legislative Committee will discuss the <strong>Criminal Procedures Act<\/strong>, while the Planning and Budgeting Committee will hold a hearing on the <strong>Auctions and Tenders Act<\/strong>.<\/p>\n<p><strong>It\u2019s going to be a bad week for: Uber. <\/strong>The ride-hailing app is being roiled by allegations that it used \u201chacked phones and \u2018signal-intercept equipment\u2019 to collect data about phone calls between Uber\u2019s opponents, politicians and regulators. \u2026 Contractors trained by the Central Intelligence Agency allegedly spied on another firm\u2019s executives and sent live video to then-Chief Executive Travis Kalanick in the company\u2019s \u2018War Room.\u2019\u201d The allegations are outlined in a 37-page memo by a former manager that claims the company spied on politicians and regulators in multiple jurisdictions around the world. <a href=\"https:\/\/www.wsj.com\/articles\/uber-hacked-and-surveilled-rivals-alleges-ex-manager-in-letter-1513389333\">The Wall Street Journal<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-uber-alphabet-letter\/uber-should-have-given-court-an-ex-employees-letter-about-fraud-and-theft-in-waymo-case-idUSKBN1EA02N\">Reuters<\/a> have the story.<\/p>\n<p><strong>** <\/strong><a href=\"https:\/\/www.surveymonkey.com\/r\/Enterprise4Q2017survey\"><strong>Take our end-of-year survey \u2014 get a bag of Enterprise-branded coffee and cool mugs from which to drink it:<\/strong><\/a> It\u2019s that time of the year again \u2014 we want you to help us gauge how well business went during the year. What are the biggest challenges you faced during the year? Where will the exchange rate stabilise? Do you expect big raises in 2018? Are you hiring? Help us find out. You\u2019ll get the chance to become one of 25 people who\u2019ll get our end of year giveaway package consisting of Enterprise swag and our first-ever Enterprise-branded batch of coffee, which we\u2019ve put together with good friends in the coffee business. (More on that in a later issue.) The survey ends this Thursday, and we\u2019ll have the results when we\u2019re all back from the Christmas-New Year\u2019s-Christmas break.<\/p>\n<p>Today in miscellany:<\/p>\n<ul type=\"disc\">\n<li><strong>Private equity outfit KKR is buying Unilever\u2019s spreads business<\/strong> in a EUR 6.83 bn transaction. (<a href=\"https:\/\/www.wsj.com\/articles\/unilever-to-sell-spreads-business-to-kkr-for-7-4-billion-1513356881\">Wall Street Journal<\/a>)<\/li>\n<li><strong>The French are smarter than us.<\/strong> They\u2019re banning smartphones from primary, junior and middle schools starting this fall. (<a href=\"https:\/\/www.theguardian.com\/world\/2017\/dec\/11\/france-to-ban-mobile-phones-in-schools-from-september\">Guardian<\/a>)<\/li>\n<li><strong>The Pentagon has been running a UFO study program since 2007. <\/strong>It\u2019s Stranger Things meets the X-Files. (<a href=\"https:\/\/www.nytimes.com\/2017\/12\/16\/us\/politics\/pentagon-program-ufo-harry-reid.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=photo-spot-region&region=top-news&WT.nav=top-news&_r=0\">New York Times<\/a>)<\/li>\n<li><strong>A 75-year-old titan of the Canadian business community is alleged to have killed his wife and then himself <\/strong>in their Toronto home. Barry Sherman was the bn\u2019aire founder of scrappy pharma upstart-turned-behemoth Apotex. (<a href=\"https:\/\/www.theglobeandmail.com\/news\/toronto\/police-investigating-deaths-of-toronto-billionaire-barry-sherman-and-wife-as-murder-suicide\/article37357096\/\">Globe and Mail<\/a> + <a href=\"https:\/\/www.theglobeandmail.com\/news\/toronto\/barry-sherman-a-ruthless-fighter-who-helped-revolutionize-canadas-drug-industry\/article37355332\/\">obit<\/a>)<\/li>\n<\/ul>\n<p><strong>Heading to points north of here for Christmas or New Year\u2019s? <\/strong>If you plan on driving, please read <a href=\"https:\/\/www.nytimes.com\/2017\/12\/08\/smarter-living\/black-ice-driving.html\">How to avoid a white-knuckle drive on black ice<\/a><\/p>\n<p><strong>** We\u2019re taking a break next week.<\/strong> As is our custom, we\u2019ll be recharging our collective batteries in the final week of the year. <strong>Enterprise will not publish on 24 and 25 December.<\/strong> We\u2019ll then be back with short issues on 26-28 December, and then off again until 2 January 2018. We hope you, too, are planning to relax with family and friends \u2014 whether you\u2019re the kid returning home from college for winter break, or the parent looking forward to welcoming them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a very good news day, ladies and gentlemen \u2014 just the type of thing we need to keep us in high spirits as we look forward to the end-of-year news slowdown. Why are we smiling this morning? Russian tourists should start returning in February \u2014 and the Zohr field has started production. Taken together, [&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-635885","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":"5af45ae6-15f3-4824-9ba2-c6a17b5d21b9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[635883],"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 December 2017 - 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\/2017\/12\/17\/what-were-tracking-on-17-december-2017\/\" \/>\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 December 2017\" \/>\n<meta property=\"og:description\" content=\"It\u2019s a very good news day, ladies and gentlemen \u2014 just the type of thing we need to keep us in high spirits as we look forward to the end-of-year news slowdown. 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We hope all of you are looking forward to the weekend as much as we are. The highlight of the day is likely to be Tourism Minister Rania Al Mashat\u2019s unveiling of her turnaround plan for the industry. Tourism\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":634958,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/30\/what-were-tracking-on-29-january-2017\/","url_meta":{"origin":635885,"position":2},"title":"What we\u2019re tracking on 29 January 2017","author":"enterpriseam admin","date":"30 January 2018","format":false,"excerpt":"As is often the case, we begin this morning grateful. Grateful for the privilege of writing you folks each day, and grateful for another day with our loved ones. Our apologies for being a few minutes late this morning. It\u2019s a busy news day today, so we\u2019ll get straight 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":648640,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/what-were-tracking-on-9-april-2017\/","url_meta":{"origin":635885,"position":3},"title":"What we\u2019re tracking on 9 April 2017","author":"enterpriseam admin","date":"9 April 2017","format":false,"excerpt":"We begin this morning with a holiday advisory if, perchance, the coming respite has slipped off your radar:We are just days away from the Easter \/ Sham El Neseem break \u2014 our first long weekend since January. Banks and the stock market are closed Sunday (16 April) and Monday (17\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":634288,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/what-were-tracking-on-11-january-2018\/","url_meta":{"origin":635885,"position":4},"title":"What we\u2019re tracking on 11 January 2018","author":"enterpriseam admin","date":"11 January 2018","format":false,"excerpt":"A fairly slow news day abroad is balanced by a very busy one here in Egypt, so we\u2019re keeping the miscellany to a minimum this morning.Among the (very small) handful of international stories worth your time this morning: The \u201clast of the bears\u201d are still waiting in hope of a\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":648214,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/what-were-tracking-on-31-may-2017\/","url_meta":{"origin":635885,"position":5},"title":"What we\u2019re tracking on 31 May 2017","author":"enterpriseam admin","date":"31 May 2017","format":false,"excerpt":"Something to make you smile this morning: If you buy the notion that more consumption in developed economies is ultimately good for EM, then you\u2019ll be happy to know that the United States, the Eurozone and Japan have all released data that suggest their economies are showing \u201crenewed signs of\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\/2017\/5\/1151.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635885","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=635885"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635885\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/635883"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=635885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=635885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=635885"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=635885"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=635885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}