{"id":637618,"date":"2017-11-21T04:03:19","date_gmt":"2017-11-21T04:03:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/21\/what-were-tracking-on-21-november-2017\/"},"modified":"2017-11-21T04:03:19","modified_gmt":"2017-11-21T04:03:19","slug":"what-were-tracking-on-21-november-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/21\/what-were-tracking-on-21-november-2017\/","title":{"rendered":"What we\u2019re tracking on 21 November 2017"},"content":{"rendered":"

Long weekend next week?<\/strong> We may be looking at a short work week next week after Prime Minister Sherif Ismail issued a decree declaring Thursday, 30 November<\/a> a holiday for the public sector to mark the occasion of The Prophet\u2019s Birthday. The Prophet\u2019s Birthday actually falls on Friday, 1 December. Enterprise will be off on Thursday, 30 November, but there\u2019s no word yet on whether the central bank is declaring it a bank holiday or not.<\/p>\n

This coming Thursday is Thanksgiving in the US of A. <\/strong>The non-Americans among us keep toying with the idea of wrapping ourselves in the \u2018Murican flag for the day to cadge an extra day off.<\/p>\n

The Union of Egyptian Investors Association is expected to meet with the House <\/strong>Industry Committee today to discuss natural gas prices. <\/strong>The rising cost of energy is squeezing manufacturers, the lobby group says. The House had floated the idea of repricing natural gas for industry, but don\u2019t expect government to backslide on phasing out subsidies for business.<\/p>\n

A trilateral summit with Egypt, Cyprus, and Greece is set to kick off today in <\/strong>Nicosia.<\/strong> We expect energy to feature prominently in the talks, especially after President Abdel Fattah El Sisi\u2019s meeting yesterday with Cypriot President Nicos Anastasiades, where discussions of a natural gas pipeline between the two countries reportedly began. We have more in the Speed Round, below.<\/p>\n

Lebanese Prime Minister Saad Al Hariri may be in Cairo today <\/strong>before returning to Lebanon on Wednesday to address the confusion caused by his sudden resignation while in Riyadh. (Confused yet?) We have yet to see confirmation of the visit from Ittihadiya. El Hariri, who resigned in alleged protest of Iran\u2019s meddling in his country, comes to Egypt following an emergency Arab League meeting to discuss \u201cways to combat Iranian interference,\u201d notes The National<\/a>.<\/p>\n

Delegations from 13 Palestinian faction are on their way to Egypt for talks today<\/strong> \u201caimed at healing [the] inter-Palestinian rift,\u201d the Anadolu Agency reports<\/a>, citing anonymous security sources in Gaza. Hamas and Fatah are among the factions attending the talks in a bid to resolve \u201coutstanding issues\u201d hindering their recent Egypt-brokered unity agreement.<\/p>\n

Talk about a youth bulge \u2026 or what will drive our economic growth:<\/strong> 40% of all Egyptians are under the age of 18, CAPMAS revealed, according to Al Masry Al Youm<\/a>. Still a concern is the fact that only 86.4% of females and 80.6% of males are enrolled in secondary education. One issue that could raise some sociological problems down the line is the gender mismatch in the youth demographic: The under-18 population is unevenly split with 51.7% males and 48.3% females.<\/p>\n

Is Credit Suisse the next front in MbS\u2019 battle with Qatar?<\/strong> That\u2019s the contention of the Financial Times<\/a>, which notes that the Saudi leadership is \u201cintrigued by recent shareholder developments at Credit Suisse,\u201d where activist hedge fund RBR has acquired a small stake and is advocating for a three-way breakup of the firm. One of two people who briefed the FT said \u201cthe Saudis were toying with investing between USD 500 mn and USD 1 bn in Credit Suisse \u2014 enough to buy a 2.4 per cent stake. If they pressed ahead, it would make for a fascinating dynamic at the top of Credit Suisse\u2019s shareholder register \u2026 [where] Qatar Holding is one of the bank\u2019s current top shareholders.\u201d You can read more about RBR\u2019s bid in our exclusive interview with the firm\u2019s founder, Rudi Bohli: Meet the man who would break up Credit Suisse \u2014 and the Mideast angle that will see him in Cairo in early 2018<\/a>.<\/p>\n

Royal purse supporting share prices in Saudi? <\/strong>And speaking of Qatar, the always on-point Simon Kitchen, head of strategy at EFG Hermes, gets name-checked in the Wall Street Journal<\/a> as suggesting that \u201canecdotal evidence and precedent suggest government money has supported buying from local mutual funds\u201d \u2014 likely explaining why the Tadawul continues to chug along: \u201cMSCI\u2019s index for Saudi stocks has fallen just 0.3% in the last month. But the MSCI\u2019s index of stocks listed in the other five members of the Gulf Cooperation Council\u2014Kuwait, United Arab Emirates, Bahrain, Qatar and Oman\u2014is down 4.9%,\u201d the Journal writes.<\/p>\n

Charlie Rose is latest to fall in wave of US [redacted] harassment scandals. <\/strong>PBS announced it is dropping his interview show and another US network is taking him off its morning program following allegations Rose \u201cmade crude [redacted] advances toward multiple women<\/a> who worked on his show over a dozen years.\u201d The high-profile interviewer is well-known to many in the Egyptian business community for his post-2011 interest in Egypt.<\/p>\n

Are the Dems finally getting serious about the 2020 race for the White House? <\/strong>While you\u2019re reading the Times, go get up to speed on Eric Garcetti, the Los Angeles mayor who is said to be mulling a bid for the presidency as a Democratic challenger to The Donald<\/a>. Saying the \u201cclassic rules of American politics are dying if not dead,\u201d Garcetti, 46, said there is \u201cdefinitely an impatient next generation ready to move.\u201d Veteran NYT politics reporter Adam Nagourney turns in a sharp profile of the man who would be the first mayor ever to sit in the Oval Office.<\/p>\n

It\u2019s time to take your ticker seriously. <\/strong>No, that\u2019s not some malapropism talking about your share price \u2014 we\u2019re talking about your heart. New guidelines in Amreeka now define high blood pressure as anything 130\/80 mmHg or above.<\/strong> The old threshold was 140\/90. In a nation as marred by high blood pressure (and diabetes) as ours is, that\u2019s something we all need to watch. If you\u2019re not monitoring your BP, start. You can buy a simple electronic device at the pharmacy. One of our favourite people in the world also recently reminded us that most pharmacies will also take your BP for you the old fashioned way (cuff and stethoscope). Monitor morning and night for a week or two and then go visit the doc to discuss the results. The New York Times has background on the new guidelines here<\/a>, read its guide to How to Lower Your Blood Pressure<\/a> and then its 7 Habits for a Healthy Heart<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Long weekend next week? We may be looking at a short work week next week after Prime Minister Sherif Ismail issued a decree declaring Thursday, 30 November a holiday for the public sector to mark the occasion of The Prophet\u2019s Birthday. The Prophet\u2019s Birthday actually falls on Friday, 1 December. Enterprise will be off on […]<\/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-637618","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":"9e9f7447-9c6b-4f34-96e0-a9821310da79","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637616],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 21 November 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\/11\/21\/what-were-tracking-on-21-november-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 21 November 2017\" \/>\n<meta property=\"og:description\" content=\"Long weekend next week? 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Tomorrow is officially off: The stock exchange and the central bank have announced they will close tomorrow in observance of Islamic new year after a Labor Ministry statement noting it would be a national holiday. Happy first day of 1440, y\u2019all, and see you back here\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":637876,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/28\/what-were-tracking-on-28-november-2017\/","url_meta":{"origin":637618,"position":1},"title":"What we\u2019re tracking on 28 November 2017","author":"enterpriseam admin","date":"28 November 2017","format":false,"excerpt":"This four-day work week is fast approaching an end. Both the public and private sectors will be off on Thursday in observance of Prophet Muhammad\u2019s birthday, which officially falls on Friday 1 December.The French-Egyptian Sustainable City Week wraps up today, after five days of sessions and conferences that brought together\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":637723,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/23\/what-were-tracking-on-23-november-2017\/","url_meta":{"origin":637618,"position":2},"title":"What we\u2019re tracking on 23 November 2017","author":"enterpriseam admin","date":"23 November 2017","format":false,"excerpt":"Prime Minister Sherif Ismail is in Germany today to receive treatment and undergo surgery for an unspecified illness,according to a statement from the cabinet on Wednesday. Ismail will be there for three weeks, the statement added. Cabinet spokesperson Ashraf Sultan made the rounds on the talk and news shows last\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":592676,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/what-were-tracking-on-4-november-2019\/","url_meta":{"origin":637618,"position":3},"title":"What we\u2019re tracking on 4 November 2019","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"The two big stories of the day are whoppers: Aramco\u2019s IPO looks like a \u201cgo\u201d as the Saudi oil giant ITF\u2019ed yesterday, and Egypt took a huge step toward becoming the premier energy hub of the eastern Med yesterday as ownership of the East Mediterranean Gas subsea pipeline that runs\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":622206,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/what-were-tracking-on-29-november-2018\/","url_meta":{"origin":637618,"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":641218,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/17\/what-were-tracking-on-17-september-2017\/","url_meta":{"origin":637618,"position":5},"title":"What we\u2019re tracking on 17 September 2017","author":"enterpriseam admin","date":"17 September 2017","format":false,"excerpt":"** TAP OR CLICK HERE TO TAKE OUR 3Q2017 READER SENTIMENT SURVEY: We\u2019re asking you throughout this week how you feel about doing business in Egypt this year, if you\u2019ll invest more and the biggest challenges you face, among other questions. The survey, the largest quarterly take on the pulse\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\/637618","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=637618"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637618\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637616"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637618"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637618"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}