{"id":651142,"date":"2017-02-06T04:11:04","date_gmt":"2017-02-06T04:11:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/06\/what-were-tracking-on-6-february-2017\/"},"modified":"2017-02-06T04:11:04","modified_gmt":"2017-02-06T04:11:04","slug":"what-were-tracking-on-6-february-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/06\/what-were-tracking-on-6-february-2017\/","title":{"rendered":"What we\u2019re tracking on 6 February 2017"},"content":{"rendered":"

The Finance Ministry was expected to sign off yesterday on accounting regulations governing how businesses treat expenses incurred in sourcing FX<\/strong> outside the banking system for the period between 1 January 2016 to 3 November 2016, according to statements by Deputy Finance Minister Amr El Monayer picked up by Al Mal<\/a>. As we noted<\/a> last month, these accounting procedures had been developed by the Egyptian Financial Supervisory Authority in cooperation with the Egyptian Society for Accountants and Auditors. The ministry had previously laid out procedures for writing off losses equivalent to the difference between the parallel market rate and the CBE rate prior to the float for 2013 through to 2015. We hope to get some clarity on this today.<\/p>\n

Keep your ear to the ground: The EU will be talking about us today. <\/strong>Fresh from a summit in Malta on Friday at which European Union leaders discussed Brexit and US President Donald Trump, the European Union\u2019s Foreign Affairs Council<\/a> turns its attention to Egypt when it meets today in Brussels. On Egypt, council members will \u201cdiscuss the situation in Egypt and the way forward in EU-Egypt relations. Ministers may also more specifically address migration, counter-terrorism and Egypt's role in the region,\u201d according to the Committee\u2019s website. The situation in Ukraine, Libya and the so-called Middle East peace process are also on the agenda.<\/p>\n

Cry \u201cHavoc\u201d and let slip the chickens of war:<\/strong> The Ismail government is looking to increase poultry imports in the hope of curbing the rising price of local output, Al Shorouk<\/a> reports. The Supplies Authority is legally exempt from taxes and allowed to use imports to regulate the market, Prime Minister Sherif Ismail said. The government had backtracked on a decision to ease customs on poultry imports last November<\/a> in the face of backlash from domestic producers, who said the move threatened the industry.<\/p>\n

The UAE gets it right \u2014 again. <\/strong>Unless we\u2019re mistaken, the Emirates are about to open the door to permanent residency in a bid to lure and retain top talent. The UAE\u2019s prime minister, Sheikh Mohamed bin Rashed Al Maktoum, is said to have ordered<\/a> yesterday the setup of a committee that will create a special visa system for \u201cto attract the most notable, exceptional regional and international talents.\u201d<\/p>\n

A USD 100 bn windfall? <\/strong>The Donald\u2019s drive to rollback post-Great Recession financial regulations<\/a> created under the Dodd-Frank Act could allow the six biggest US banks to \u201creturn more than USD 100 bn in capital to investors over time through dividends and share buybacks,\u201d the Wall Street Journal<\/a> reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry was expected to sign off yesterday on accounting regulations governing how businesses treat expenses incurred in sourcing FX outside the banking system for the period between 1 January 2016 to 3 November 2016, according to statements by Deputy Finance Minister Amr El Monayer picked up by Al Mal. As we noted last […]<\/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-651142","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":"7c640a83-bba1-484e-a575-e5b5a6d83d3b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651140],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 6 February 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\/02\/06\/what-were-tracking-on-6-february-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 6 February 2017\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry was expected to sign off yesterday on accounting regulations governing how businesses treat expenses incurred in sourcing FX outside the banking system for the period between 1 January 2016 to 3 November 2016, according to statements by Deputy Finance Minister Amr El Monayer picked up by Al Mal. 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We\u2019re following suit and will be back in your inboxes at the usual time on Monday morning.That said: We have plenty of news in a packed\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":580224,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/this-evening-new-top-rate-for-income-tax-coming-its-fed-decision-day\/","url_meta":{"origin":651142,"position":2},"title":"THIS EVENING: New top rate for income tax coming? + It\u2019s Fed decision day","author":"enterpriseam admin","date":"14 December 2022","format":false,"excerpt":"Good afternoon, friends, and happy almost-THURSDAY. That end-of-year rush is in full gear here at home and it doesn\u2019t look like it will be letting up for the next few days.THE BIG STORY TODAY FinMin proposes new top rate for income tax: The Finance Ministry has submitted amendments to the\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\/2022\/12\/709.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594080,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/what-were-tracking-on-20-october-2019\/","url_meta":{"origin":651142,"position":3},"title":"What we\u2019re tracking on 20 October 2019","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"It\u2019s the final day of the IMF and World Bank annual meetings. Egyptian officials in Washington, DC, for the gathering had another busy few days over the weekend meeting with officials and members of the business community \u2014 and the world\u2019s central bankers have promised to use \u201call appropriate policy\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":578424,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/28\/this-morning-see-you-next-year-folks\/","url_meta":{"origin":651142,"position":4},"title":"THIS MORNING: See you next year, folks","author":"enterpriseam admin","date":"28 December 2022","format":false,"excerpt":"And that\u2019s a wrap on 2022, ladies and gents: Today is the final time you\u2019ll hear from us this year. EnterpriseAM and EnterprisePM will be off this Thursday, 29 December and Sunday, 1 January, before returning to our publishing schedule from Monday, 2 January. We wish you all a wonderful\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\/2022\/12\/575.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/06\/what-were-tracking-on-6-january-2021\/","url_meta":{"origin":651142,"position":5},"title":"What we\u2019re tracking on 6 January 2021","author":"enterpriseam admin","date":"6 January 2021","format":false,"excerpt":"Merry Christmas to everyone who will be celebrating today and tomorrow \u2014 we wish you a beautiful, relaxing day with family and friends. Banks and the EGX are closing their doors tomorrow in observance of the national holiday, the Central Bank of Egypt and EGX said. We\u2019re also off tomorrow\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\/651142","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=651142"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651142\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/651140"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=651142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=651142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=651142"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=651142"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=651142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}