{"id":646746,"date":"2017-06-22T04:13:37","date_gmt":"2017-06-22T04:13:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/"},"modified":"2017-06-22T04:13:37","modified_gmt":"2017-06-22T04:13:37","slug":"what-were-tracking-on-22-june-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/","title":{"rendered":"What we\u2019re tracking on 22 June 2017"},"content":{"rendered":"<p><strong>The House of Representatives approved the FY2017-18 budget yesterday<\/strong>, including the new subsidy increases adopted on Tuesday (we have more in Speed Round, below). The news came at the tail end of a marathon sprint to the finish-line by MPs which saw them vote on key legislation. Our elected representatives are heading off on break until Tuesday, 3 July, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21062017&id=54e06734-709f-4f72-8aec-464323e1cfdb\">according to Al Shorouk<\/a>, having postponed their summer recess past its original 30 June date to finalize pending legislation.<\/p>\n<p><strong>Price controls coming to private sector healthcare?<\/strong> That\u2019s the worst-case take on comments from Health Minister Ahmed Rady, which we will explore further in the Speed Round. With the Investment Ministry trying to get a law in place to promote investment, it\u2019s hard to wonder whether the good doctor was awake at the cabinet table at any point in the past year, year and a half.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The Investment Ministry has submitted draft executive regulations for the investment act <\/strong><strong>to cabinet<\/strong>, Minister Sahar Nasr told <a href=\"http:\/\/www.reuters.com\/article\/egypt-economy-investment-idUSC6N1GS01L\">Reuters yesterday<\/a>. The regs will for the first time stipulate a specific number of days for the government to approve new licenses and clearances, reducing the waiting time for starting new businesses, <a href=\"https:\/\/english.alarabiya.net\/en\/business\/economy\/2017\/06\/21\/Egypt-expects-FDI-boost-as-investment-law-regulations-finalized.html\">Al Arabiya<\/a> quotes Nasr as having said. The minister added that the regulations are likely to take an expansive view on what qualifies as new investment, not just limiting it to entirely new ventures. She hopes the law will boost foreign direct investment to an initial target of USD 10 bn in FY2017-18.<\/p>\n<p>Two international stories worth keeping your eye on: <strong>Brent crude is now in a bear market,<\/strong><strong>having broken below USD 45 for the first time since last November <\/strong>amid expectations a supply glut will worsen, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-21\/oil-holds-slide-into-bear-market-as-libya-to-u-s-raise-supply\">Bloomberg reports<\/a>.Meanwhile, in Saudi Arabia, King Salman made his kid\u2019s short-term life easier, but long-term economic plans a bit more difficult to pull off, as he \u201c<strong>reversed a decision to cut salaries and benefits for [Saudi] public sector employees<\/strong>,\u201d the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-21\/saudi-arabia-reverses-salary-cuts-after-succession-shakeup\">business information service notes<\/a>.<\/p>\n<p><strong>The first round of elections for the EGX\u2019s board of directors runs <\/strong><a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1151586\"><strong>today<\/strong><\/a><strong>.<\/strong> Seven candidates are vying for three seats on the bourse\u2019s board.<\/p>\n<p><strong>President Abdel Fattah El Sisi will be attending the Nile Basin presidential summit<\/strong> in Uganda today. Egypt is expected to push for re-engagement in the Nile Basin Initiative.<\/p>\n<p><strong>We are honored to welcome new readers this week from companies and institutions including <\/strong>Deloitte Egypt, CIB, Egypt Post, EBRD, ATKearney, Chemonics Egypt, the Egyptian Ministry of Foreign Affairs, AUC, Beltone Financial, Al Mal Capital, EgyptAir, Vodafone Egypt, Orascom Construction, Reuters, the Egyptian Enterprise Development Agency, Ripplewood Advisors, the SCZone, Novo Nordisk, Barclays, Mercedes Benz Egypt, UNIDO, Blackstone, and Scatec Solar, among others. <strong>Thank you all for choosing to begin your day with us.<\/strong><\/p>\n<p><strong>We\u2019re on break until 2 July.<\/strong> We hope all of you have a joyous Eid and are looking forward to a wonderful summer vacation season with family and friends. Kol sana w entom tayebeen.<\/p>\n<p><strong>So, when do we eat?<\/strong> Maghrib prayers are at 7:00pm CLT in Cairo, and the cutoff time for sohour is 3:09am.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=-_kwXNVCaxY\">That\u2019s all, folks.<\/a> Enjoy the long weekend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The House of Representatives approved the FY2017-18 budget yesterday, including the new subsidy increases adopted on Tuesday (we have more in Speed Round, below). The news came at the tail end of a marathon sprint to the finish-line by MPs which saw them vote on key legislation. Our elected representatives are heading off on break [&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-646746","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":"46879170-a6cc-4780-af85-98cd97c47b1b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[646744],"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 22 June 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\/06\/22\/what-were-tracking-on-22-june-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 22 June 2017\" \/>\n<meta property=\"og:description\" content=\"The House of Representatives approved the FY2017-18 budget yesterday, including the new subsidy increases adopted on Tuesday (we have more in Speed Round, below). The news came at the tail end of a marathon sprint to the finish-line by MPs which saw them vote on key legislation. Our elected representatives are heading off on break [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-22T04:13:37+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What we\u2019re tracking on 22 June 2017\",\"datePublished\":\"2017-06-22T04:13:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/\"},\"wordCount\":525,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/\",\"name\":\"What we\u2019re tracking on 22 June 2017 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-06-22T04:13:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What we\u2019re tracking on 22 June 2017\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What we\u2019re tracking on 22 June 2017 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/what-were-tracking-on-22-june-2017\/","og_locale":"en_US","og_type":"article","og_title":"What we\u2019re tracking on 22 June 2017","og_description":"The House of Representatives approved the FY2017-18 budget yesterday, including the new subsidy increases adopted on Tuesday (we have more in Speed Round, below). 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All public institutions will be closed on those days. The Central Bank of Egypt subsequently announced (pdf) banks will also be closed\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":604349,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/02\/what-were-tracking-on-2-december-2018-news-triggers-and-things-you-can-attend-this-week\/","url_meta":{"origin":646746,"position":1},"title":"What we\u2019re tracking on 2 December 2018: News triggers and things you can attend this week","author":"enterpriseam admin","date":"2 December 2018","format":false,"excerpt":"We still can\u2019t quite get over the fact that it is now December, and it is shaping up to be a very busy week. Among the highlights: News triggers: Finance Minister Mohamed Maait will hold a presser today on a decision that will see Egypt use the market rate for\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":604660,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/what-were-tracking-on-10-december\/","url_meta":{"origin":646746,"position":2},"title":"What we\u2019re tracking on 10 December","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"It\u2019s all about the money this morning: From multilateral institutions to Big Oil and homegrown VC funds, this morning\u2019s headlines are dominated by announcements of several bn USD in fresh investment and financing. Funds from multilateral institutions are flowing to the private sector and infrastructure, and private sector companies have\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":645263,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/what-were-tracking-on-17-july-2017\/","url_meta":{"origin":646746,"position":3},"title":"What we\u2019re tracking on 17 July 2017","author":"enterpriseam admin","date":"17 July 2017","format":false,"excerpt":"The Egyptian Exchange announced yesterday the final list of candidates vying for the listed companies\u2019 seat on its board of directors, Al Masry Al Youm reports. The first round of board elections was held in June. It\u2019s Game of Thrones day in Egypt as the season seven premiere airs on\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":646428,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/what-were-tracking-on-14-june-2017\/","url_meta":{"origin":646746,"position":4},"title":"What we\u2019re tracking on 14 June 2017","author":"enterpriseam admin","date":"14 June 2017","format":false,"excerpt":"We have a domestic investment promotion campaign. The Ministry of Investment\u2019s new national ad campaign kicked off last night, and we\u2019re impressed with the first two copies we\u2019ve seen. The core message of the campaign, which is being run for the ministry by our friends at Tarek Nour Group\u2019s DDB:\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":647850,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/what-were-tracking-this-week-181\/","url_meta":{"origin":646746,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"22 May 2017","format":false,"excerpt":"Budget talks at the House: Discussion of the FY2017-18 budget continue today at the House of Representatives, according to Al Mal, with Supply Minister Ali El Moselhy set to meet with members of the economics and budget committees. The budget committee is also expected to discuss spending priorities with the\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646746","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=646746"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646746\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646744"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646746"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646746"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}