{"id":641218,"date":"2017-09-17T04:13:25","date_gmt":"2017-09-17T04:13:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/17\/what-were-tracking-on-17-september-2017\/"},"modified":"2017-09-17T04:13:25","modified_gmt":"2017-09-17T04:13:25","slug":"what-were-tracking-on-17-september-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/17\/what-were-tracking-on-17-september-2017\/","title":{"rendered":"What we\u2019re tracking on 17 September 2017"},"content":{"rendered":"

** TAP OR CLICK HERE TO TAKE OUR 3Q2017 READER SENTIMENT SURVEY:<\/strong><\/a> 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 of the business and investing community, will run until Thursday. It won\u2019t take more than a couple of minutes to complete unless you\u2019d like to leave us a note at the end (optional, but it would be cool if you did). We\u2019ll have the results ready for you next week.<\/p>\n

Some good news to kick off a short workweek: Egypt\u2019s budget deficit crashed through the <\/strong>10% barrier to hit 9.5% of GDP in FY 2016-17<\/strong>, President Abdel Fattah El Sisi announced on Thursday. The deficit dropped from 11.5% of GDP in FY2015-16, Reuters adds<\/a>. El Sisi also expects the inflation rate to fall by more than half in 2018<\/strong> with an overall goal to reduce the inflation rate to around 13% in 2018, according to the Associated Press<\/a>.<\/p>\n

Finance Minister Amr El Garhy expects GDP growth in the current fiscal year to come in <\/strong>at 5-5.25%<\/strong>, up from 4.2% in the fiscal year that ended in June, according to Al Shorouk<\/a>.<\/p>\n

Bye-bye, dog days of summer: <\/strong>The mercury is plunging to much more civilized levels, with today\u2019s forecasted high standing at 32\u00b0C. The stock market is also welcoming the cooler weather, with turnover rising to EGP 1.5 bn on Thursday, or about 77% above the trailing 90-day average. The benchmark EGX30 advanced 1.3%, good for a YTD gain of 10.3%.<\/p>\n

<\/a> El Sisi to meet Trump in US this week, push for engagement on Libyan crisis: <\/strong>President Abdel Fattah El Sisi is heading to New York today to attend the 72nd Regular Session of the UN General Assembly, which kicked off last week and runs until 25 September, according to a statement from Ittihadiya<\/a>. El Sisi is expected to meet with US President Donald Trump on Wednesday, according to the White House<\/a>. He is also scheduled to participate in a UN Security Council summit on international peacekeeping missions as well as a working meeting on the Libyan crisis. Foreign Minister Sameh Shoukry is already in New York<\/a> ahead of El Sisi\u2019s arrival.<\/p>\n

The Ikhwan will, accordingly, be having a blast in the US of A this week<\/strong>, planning to \u201cwelcome\u201d the president to New York on Wednesday and f\u00eating the lunatic from Ankara in Washington tomorrow, according to analyst Eric Trager<\/a>.<\/p>\n

If you care about what you put in your body \u2014 or the future of our species \u2014 there are<\/strong>two pieces you must read this week. <\/strong>Both on nutrition, which is supposed to be the most boring (and junk-science-filled) subject on the planet, right? The New York Times and Politico make it absolutely compelling. First, the Times looks at how Nestl\u00e9 and other Big Food companies are <\/strong>helping destroy public health<\/strong><\/a> in emerging markets <\/strong>by pushing high-sugar processed foods that are driving growth in obesity and the diseases related to it, including diabetes, high blood pressure and heart disease. Then flip over to Politico to read \u201cThe great nutrient collapse<\/strong><\/a>,\u201d about how \u201cthe atmosphere is literally changing the food we eat, for the worse. And almost nobody is paying attention.\u201d It\u2019s one part public policy story, one part science whodunit and entirely compelling. Both stories are long \u2014 save \u2018em to Pocket<\/a> to read on your commute or later this week if you can\u2019t down either of them before you have to dash to work this morning.<\/p>\n

<\/a> ** PSA- It\u2019s a blessedly short week as we prepare for a Thursday-Saturday long weekend<\/strong> in observance of Islamic New Year. Prime Minister Sherif Ismail has made it official<\/a>. Make the weekend count \u2014 with 6 October falling on a Friday, we figure it\u2019s our last holiday until the Prophet\u2019s Birthday on or about 30 November. Happy 1439, y\u2019all.<\/p>\n","protected":false},"excerpt":{"rendered":"

** 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 of the business and investing […]<\/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-641218","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":"19e8e19f-9129-4d8f-bb50-d1794d85c464","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[641216],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 17 September 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\/09\/17\/what-were-tracking-on-17-september-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 September 2017\" \/>\n<meta property=\"og:description\" content=\"** 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. 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Were the last three months good for doing business? Where do you and your business see the exchange rate stabilizing? Help us help you find\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":632849,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/what-were-tracking-on-21-february-2018\/","url_meta":{"origin":641218,"position":1},"title":"What we\u2019re tracking on 21 February 2018","author":"enterpriseam admin","date":"21 February 2018","format":false,"excerpt":"Amr El Garhy is projecting revenues in FY2018-19 will reach EGP 1 tn, a first in the country\u2019s history, Finance Ministry sources told Al Mal on Tuesday. The statements come as the ministry has begun drafting the budget for the next fiscal year with the hope of introducing it to\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":642527,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/what-were-tracking-this-week-140\/","url_meta":{"origin":641218,"position":2},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"16 August 2017","format":false,"excerpt":"Economists polled by Reuters believe that the central bank is likely to leave interest rates unchanged when its monetary policy committee meets on Thursday. \"High interest rates are acting to dissuade the private sector from investing and, therefore, economic growth will not be optimised, as few new jobs are, so\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":652578,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/what-were-tracking-on-15-january-2017\/","url_meta":{"origin":641218,"position":3},"title":"What we\u2019re tracking on 15 January 2017","author":"enterpriseam admin","date":"15 January 2017","format":false,"excerpt":"It looks like it\u2019s the Finance Ministry\u2019s week in the spotlight between a presser Finance Minister Amr El Garhy is due to hold today and the start of the roadshow for Egypt\u2019s eurobond issue tomorrow.Egypt\u2019s eurobond roadshow kicks off on Tuesday, 17 January with joint lead managers BNP Paribas, Citi,\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":598117,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/598117\/","url_meta":{"origin":641218,"position":4},"title":"WANT TO HAVE IFTAR WITH\u2026","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"WANT TO HAVE IFTAR WITH US? Take our very short survey, in which we ask you which sector you would most like to see us explore in a dedicated weekly vertical. You can choose from the seven sectors we have included or name a sector yourself. We would also like\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":598167,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/598167\/","url_meta":{"origin":641218,"position":5},"title":"WANT TO HAVE IFTAR WITH\u2026","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"WANT TO HAVE IFTAR WITH US? Take our very short survey, in which we ask you which sector you would most like to see us explore in a dedicated weekly vertical. 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