{"id":647949,"date":"2017-05-24T04:11:38","date_gmt":"2017-05-24T04:11:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/what-were-tracking-on-24-may-2017\/"},"modified":"2017-05-24T04:11:38","modified_gmt":"2017-05-24T04:11:38","slug":"what-were-tracking-on-24-may-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/what-were-tracking-on-24-may-2017\/","title":{"rendered":"What we\u2019re tracking on 24 May 2017"},"content":{"rendered":"

The central bank\u2019s decision to raise interest rates 200 bps was \u201chistoric\u201d and any <\/strong>detractors simply don\u2019t get it, CBE Governor Tarek Amer<\/strong> said yesterday in his first public statement on the move. He implied that those who disapprove of the move are looking for short-term gains. Amer declared that inflation was worse for companies than a marginal hike in interest rates, reports Al Masry Al Youm<\/a>. Amer asserted controlling inflation was the primary mandate of an \u201cindependent central bank.\u201d His comments came at a presser announcing a EGP 30 bn CBE microfinance initiative<\/strong>, which we attended. You can catch our coverage of the presser in Spotlight, below.<\/p>\n

Are we joining OPEC\u2019s output cuts or not? <\/strong>The oil cartel is expected to announce a nine-month extension of its output cuts when it meets tomorrow. Kuwait\u2019s oil minister says his Saudi counterpart \u201chas talked to several countries including Norway, including Turkmenistan, including Egypt, and they have made signs of their willingness to join the collaboration,\u201d according to Reuters<\/a>. We have more in Speed Round, below.<\/p>\n

Austrian Chancellor Christian Kern is due to meet President Abdel Fattah El Sisi<\/strong> in Cairo today, after which the two will hold a joint press conference, Ahram Gate reports<\/a>.<\/p>\n

PSA for Giza residents:<\/strong> Water service will be interrupted in certain parts of Giza starting today at 8 AM and until Thursday morning due to construction on the Rod El Farag Axis project, according to the Holding Company for Water and Wastewater.<\/p>\n

Al Jazeera learns how hard Karma can hit after the UAE blocked Aljazeera.net<\/strong>, the outlet said<\/a> on Tuesday.<\/p>\n

With Ramadan just days away <\/strong>(we\u2019ll know Thursday evening whether the fast begins on Friday or Saturday), our thoughts have already turned to food<\/strong>. Cue the perfectly timed publication of the New York Times food section\u2019s beautiful, clear and simple How to Make Burgers<\/strong><\/a>, with a particular emphasis on using cast iron or other heavy-bottomed frying pans in your kitchen.<\/p>\n

It\u2019s turning out to be another crappy year on the dead celebrities front. <\/strong>This past weekend, it was Soundgarden frontman and godfather of grunge Chris Cornell<\/strong>, dead in a suicide at age 52. (We don\u2019t normally do the NYT for music coverage, but they owned coverage of his death with their rock-solid obituary<\/a>, an early appraisal of his legacy<\/a> and list of his top 10 songs<\/a>, which is really missing only Birth Ritual and Heretic.) This morning, it\u2019s Roger Moore<\/strong>, and once again we find ourselves agreeing entirely with A.O. Scott, who writes that \u201cRoger Moore Was the Best Bond Because He Was the Gen X Bond<\/a>.\u201d Moore was 89 and passed of cancer in Switzerland, according to his obituary<\/a>.<\/p>\n

This morning\u2019s edition of Enterprise is brought to you by <\/strong>the Soundgarden Essentials<\/a> and Soundgarden Next Steps<\/a> playlists on Apple Music, with a few of tracks from late \u201880s and early \u201890s concert bootlegs thrown in.<\/p>\n","protected":false},"excerpt":{"rendered":"

The central bank\u2019s decision to raise interest rates 200 bps was \u201chistoric\u201d and any detractors simply don\u2019t get it, CBE Governor Tarek Amer said yesterday in his first public statement on the move. He implied that those who disapprove of the move are looking for short-term gains. Amer declared that inflation was worse for companies […]<\/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-647949","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":"e3019cc7-93b7-4f2a-baec-c585fbd6f09f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647947],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 24 May 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\/05\/24\/what-were-tracking-on-24-may-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 24 May 2017\" \/>\n<meta property=\"og:description\" content=\"The central bank\u2019s decision to raise interest rates 200 bps was \u201chistoric\u201d and any detractors simply don\u2019t get it, CBE Governor Tarek Amer said yesterday in his first public statement on the move. 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It\u2019s been quite a week for us all, with an uncharacteristic flood of news over the past few days \u2014 and it\u2019s not over yet. THE BIG STORY TODAY It\u2019s official: Hassan Abdalla is taking over as acting governor of CBE:\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554011,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/16\/this-morning-cbe-gathers-for-its-final-policy-meeting-today-new-gafi-services-unit-for-egx-listed-companies-schools-out-in-alexandria-again\/","url_meta":{"origin":647949,"position":1},"title":"THIS MORNING: CBE gathers for its final policy meeting today + new GAFI services unit for EGX-listed companies + school\u2019s out in Alexandria (again)","author":"enterpriseam admin","date":"16 December 2021","format":false,"excerpt":"Good morning, friends, and welcome to the final day of the workweek. We\u2019re looking forward to the weekend, even though our hopes of seeing Egypt in the Arab Cup final match on Saturday were dashed last night after the Pharaohs scored an own-goal in the last few seconds of their\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":552180,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/this-evening-tarek-amer-resigns-as-cbe-governor-tansik-minimum-grades-are-out\/","url_meta":{"origin":647949,"position":2},"title":"THIS EVENING: Tarek Amer resigns as CBE governor + Tansik minimum grades are out","author":"enterpriseam admin","date":"17 August 2022","format":false,"excerpt":"Good afternoon, wonderful people. The uncharacteristically busy August news day we spoke of this morning has only gathered steam.THE BIG STORIES TODAY Tarek Amer stepped down as governor of the Central Bank of Egypt (CBE), ending his almost-seven-year tenure at the bank more than a year early. President Abdel Fattah\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593415,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/investors-will-appreciate-policy-stability-from-amer-staying-on-as-cbe-governor-bloomberg-says\/","url_meta":{"origin":647949,"position":3},"title":"Investors will appreciate policy stability from Amer staying on as CBE governor, Bloomberg says","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"Investors will welcome Amer getting a second term as CBE governor as it signals policy stability, Bloomberg says: Tarek Amer getting a second term as CBE governor is an indicator that there will be policy stability at the central bank over the next four years, a note that will be\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/2527.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632293,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/07\/cbe-to-start-loosening-monetary-policy-soon-amer\/","url_meta":{"origin":647949,"position":4},"title":"CBE to start loosening monetary policy \u201csoon\u201d - Amer","author":"enterpriseam admin","date":"7 February 2018","format":false,"excerpt":"CBE to start loosening monetary policy \u201csoon\u201d: The central bank plans to start easing monetary policy \u201csoon\u201d once it is sure that inflation is under control, CBE Governor Tarek Amer said at a press conference on Tuesday on the sidelines of the Seamless North Africa digital and fintech conference. \u201cWe\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/2\/1716.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599084,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/what-were-tracking-on-18-june-2019\/","url_meta":{"origin":647949,"position":5},"title":"What we\u2019re tracking on 18 June 2019","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"Former president Mohamed Morsi died yesterday, collapsing in court after speaking for some five minutes during his latest trial. He was subsequently declared dead in hospital. We have full coverage in this morning\u2019s Speed Round, below. There\u2019s lots of banking news this morning coming out of the Seamless North Africa\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\/647949","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=647949"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647949\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/647947"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=647949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=647949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=647949"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=647949"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=647949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}