{"id":655184,"date":"2024-11-14T00:00:00","date_gmt":"2024-11-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/14\/round-two-of-the-national-artificial-intelligence-strategy-incoming\/"},"modified":"2024-11-14T00:00:00","modified_gmt":"2024-11-14T00:00:00","slug":"round-two-of-the-national-artificial-intelligence-strategy-incoming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/14\/round-two-of-the-national-artificial-intelligence-strategy-incoming\/","title":{"rendered":"Round two of the National Artificial Intelligence Strategy incoming"},"content":{"rendered":"

Good mor<\/strong>ning, folks. <\/strong>Both at home and abroad, notable business news stories are few and far between this morning. We\u2019ve put together all the must-know stories from the local business news cycle below in an unusually slim edition for you to read through this morning.<\/p>\n

PSA-<\/p>\n

WEATHER- It\u2019s another autumnal day in Cairo today<\/strong>, with a high of 26\u00b0C and a low of 17\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s much the same in Alexandria<\/strong>, with a high of 25\u00b0C and a low of 16\u00b0C.<\/p>\n

And over the weekend, <\/strong>expect to see temperatures in the capital and on the Mediterranean start to dip one or two degrees as we edge closer to winter.<\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

\n

WATCH THIS SPACE-<\/p>\n

<\/a> The <\/strong>second<\/strong> phase of the National Artificial Intelligence Strategy is set to kick off soon,<\/strong> CIT Minister Amr Talaat said in a ministry statement<\/a>. The second phase follows the passage of a raft of legislation strengthening the legal and regulatory framework for AI in Egypt, alongside continued efforts to explore new applications for the rapidly developing tech across all sectors of the economy. <\/p>\n

What could we see in the second phase? <\/strong>While Talaat\u2019s statement was light on details, the government\u2019s 2019 national AI strategy<\/a> focused on four main pillars: using AI to enhance government processes and service delivery; deploying AI in strategic sectors in order to reach local development goals; harnessing AI to create jobs and build human capacity; and working with other countries to encourage technology transfer and cooperation.<\/p>\n

\n

HAPPENING NEXT WEEK-<\/p>\n

<\/a> #1- The House is back in session: <\/strong>Lawmakers will reconvene on Sunday after a 11-day break to decide whether to give the Criminal Procedures Law<\/a> its preliminary appeal, after having postponed the decision<\/a> to allow more MPs to discuss and contribute to the bill. <\/p>\n

Also on the agenda going forwards: <\/strong>The Madbouly government has emphasized that it wants to see the newly redrafted Labor Act passed into law<\/a> before the end of the year. The original act drafted <\/a>earlier this year<\/a> triggered <\/a>criticism<\/a> from business associations, who argued that the \u201cdraft law is unbalanced, giving workers a lot of rights at the expense of duties.\u201d<\/p>\n

\n

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<\/a> #2- It\u2019s interest rate decision time for the central bank\u2019s Monetary Policy Committee: <\/strong>The Central Bank of Egypt\u2019s Monetary Policy Committee (MPC) will meet exactly a week away from now to decide the country\u2019s interest rate path ahead. Currently, the overnight deposit rate is set at 27.25%, the overnight lending rate at 28.25%, and the main operation and discount rates at 27.75%. <\/p>\n

The committee has held rates steady for the last four meetings: <\/strong>Rates have remained unchanged since the committee delivered a 600 bps rate hike<\/a> following a surprise monetary policy meeting in March in conjunction with the float of the EGP and a larger loan package from the IMF being approved soon after. Rates have now remained unchanged for four consecutive MPC meetings \u2014 the committee left rates untouched when it met in May<\/a>, July<\/a>, September<\/a>, and most recently in October<\/a>.<\/p>\n

How will the central bank act in light of recent inflation data? <\/strong>Inflation data for October showing headline inflation extending its upward trajectory for a third consecutive month<\/a> to 26.5% y-o-y has strengthened the case for the Central Bank of Egypt to keep rates unchanged at its next meeting, several analysts seem to agree. The figures \u201cunderscore our view of stable rates \u2018until further notice\u2019,\u201d Al Ahly Pharos analyst Esraa Ahmed wrote in a note seen by EnterpriseAM.<\/p>\n

\n

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<\/a> #3- Africa\u2019s top auto aftermarket and feeder industries exhibition is coming to town starting<\/strong> Sunday: <\/strong>The capital will host <\/a>Autotech 2024<\/a>, \u201cthe premier hub that brings together the biggest industry professionals in the automotive aftermarket and feeding industries,\u201d on 17-19 November and welcome over 9k attendees and over 300 exhibiting companies. The event is also being billed as a chance to network with others in the sector, hold B2B meetings, and see leading figures in the industry speak. Check out the conference\u2019s <\/a>agenda<\/a> and find the <\/a>link to register<\/a> on the event\u2019s official website.<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n

THE BIG STORY ABROAD- <\/p>\n

Not much has changed:<\/strong> US president-elect Donald Trump\u2019s cabinet choices continue to top the front pages this morning. His latest appointments \u2014 Tulsi Gabbard as director of national intelligence and Matt Gaetz as attorney general \u2014 further cement the view that Trump is relying more on loyalty than qualifications to guide his choices. Many of his picks lack a CV with clearly relevant or sufficient prior experience, while other nominations \u2014 such as Marco Rubio as secretary of state \u2014 are \u201csprinkled in\u201d as \u201cmore conventional selections.\u201d Trump is also reportedly looking at what would be an \u201cunprecedented shakeup\u201d at the Pentagon, after talking about purging \u201cwoke generals\u201d as part of his campaign. (Reuters<\/a> | Bloomberg<\/a> | Financial Times<\/a>)<\/p>\n

ELSEWHERE- Brazil evacuated its supreme court after two bombings in Brasilia<\/strong> that killed the suspected bomber. The explosions come a few days before the G20 summit is scheduled to kick off in Rio de Janeiro. (Reuters<\/a> | Bloomberg<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, folks. Both at home and abroad, notable business news stories are few and far between this morning. We\u2019ve put together all the must-know stories from the local business news cycle below in an unusually slim edition for you to read through this morning. PSA- WEATHER- It\u2019s another autumnal day in Cairo today, with […]<\/p>\n","protected":false},"author":1,"featured_media":655185,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7094,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-655184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-ai","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"18eb5b40-7fc3-480b-affa-8517cd400d91","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/10\/612.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Round two of the National Artificial Intelligence Strategy incoming","related_issue":[655182],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.8a4c2231-e39a-4ae8-9a93-05c1899b2df4.mp3"},"yoast_head":"\nRound two of the National Artificial Intelligence Strategy incoming - 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\/2024\/11\/14\/round-two-of-the-national-artificial-intelligence-strategy-incoming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Round two of the National Artificial Intelligence Strategy incoming\" \/>\n<meta property=\"og:description\" content=\"Good morning, folks. 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Holding sell a 20% stake? PLUS: Credit Suisse shares hit a new low","author":"enterpriseam admin","date":"15 March 2023","format":false,"excerpt":"Happy almost-THURSDAY, wonderful people. We\u2019re nearly at the end of what has shaped up to be a rather busy week. THE BIG STORIES TODAY #1- The EGX30 extended its slide today, closing 4.15% down to bring the index\u2019s year-to-date return to a slim 0.9%. Qalaa Holdings, Sidi Kerir Petrochemicals, and\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\/2021\/7\/EGX-1600px-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591965,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/what-were-tracking-on-monday-23-december-2019\/","url_meta":{"origin":655184,"position":1},"title":"What we\u2019re tracking on Monday, 23 December 2019","author":"enterpriseam admin","date":"23 December 2019","format":false,"excerpt":"The long-awaited cabinet shuffle materialized yesterday, bringing six new faces to the cabinet table and a handful of surprises, including Prime Minister Moustafa Madbouly being tapped to drum up investment in all of its flavors. We have chapter and verse in this morning\u2019s Speed Round, below. We also have a\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":583792,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/this-evening-infinity-power-closes-its-acquisition-of-100-of-lekela-power\/","url_meta":{"origin":655184,"position":2},"title":"THIS EVENING: Infinity Power closes its acquisition of 100% of Lekela Power +","author":"enterpriseam admin","date":"20 March 2023","format":false,"excerpt":"Good afternoon, ladies and gentlemen. We\u2019re officially in the final countdown to Ramadan, with reminders everywhere that we will soon part ways with our morning cup of coffee. Case in point\u2026PSA- The CBE just announced Ramadan working hours for banks: Bank employees will work from 9am-2pm, while customers will have\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\/2021\/12\/agreement-2-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589223,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/22\/this-evening-all-eyes-on-the-central-bank-of-egypts-mpc\/","url_meta":{"origin":655184,"position":3},"title":"THIS EVENING: All eyes on the Central Bank of Egypt\u2019s MPC","author":"enterpriseam admin","date":"22 June 2023","format":false,"excerpt":"Good afternoon, friends, and a very happy THURSDAY to us all. After a busy few days that showed no signs of slowing down, we\u2019re rounding off the week with a rather quiet day for the news cycle.\u00a0Before we get underway, a quick correction from this morning's edition of EnterpriseAM: In\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\/2020\/11\/147.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588301,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/08\/this-evening-sczone-board-signs-off-on-selling-20-stake-in-pscchc-on-the-egx\/","url_meta":{"origin":655184,"position":4},"title":"THIS EVENING: SCZone board signs off on selling 20% stake in PSCCHC on the EGX","author":"enterpriseam admin","date":"8 June 2023","format":false,"excerpt":"Good afternoon, wonderful people, and happy THURSDAY to us all. We\u2019re ending the week with a relatively calm news day \u2014 save for a big step in the Madbouly cabinet\u2019s privatization plans. THE BIG STORY TODAY Port Said Port operator heading to the EGX: The Suez Canal Economic Zone\u2019s (SCZone)\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\/2019\/12\/1116.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561036,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/what-were-tracking-on-23-march-2021\/","url_meta":{"origin":655184,"position":5},"title":"What we\u2019re tracking on 23 March 2021","author":"enterpriseam admin","date":"23 March 2021","format":false,"excerpt":"Good morning, friends, and welcome to Tuesday. It\u2019s a brisk news morning for you today, with news from across a wide spectrum of industries and a quiet day on the government affairs and regulation fronts. The two biggest stories of the day are out of the healthcare sector: Consumer healthcare\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\/655184","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=655184"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/655184\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/655182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/655185"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=655184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=655184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=655184"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=655184"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=655184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}