Good morning, dear readers, and welcome to the first full week of work in December.
The most prominent news in the world this morning -
The Omekron Museum has continued to spread globally, reaching 46 countries so far, according to the New York Times Observatory.Chile has become the latest country to report Omekron confirmed to a resident of Ghana and he was completely vaccinated, according to Bloomberg..
The museum spread in eight new countries during the weekend, as the World Health Organization said on Friday that it was discovered in 38 countries.The organization pointed out that the data showed that the new mutant dynasty is the most infection than the Delta museum, according to the organization's technical leader about Kovid -19, Maria van Kirkov, explaining that at the present time the Delta is still more prevalent around the world, according to CNNBC.
Omekron can contain some genetic substances such as the virus that causes traditional colds in humans, which may be the reason that it is more infection than the other "Coffe-19" mosque, as indicates a study conducted by the Innos Company to analyze vital medical data..The study, which has not yet been reviewed by the peers, says the strain can be less fierce than other types.
Also - natural immunity should not be considered heavily preventive against the new museum, as a research paper issued in South Africa clarified that the possibility of infection again reaches three times with the new museum, which was with the previous envelope breeds, according to Axios website.
The most obvious feature of the Omekron Museum so far is the extent of the shortage of what we know with certainty about that breed, according to Angelika Kotzi, President of the Medical Association in South Africa, discovering the Omekron Museum, in an interview via Skype with Lamis Al -Hadidi on the "Last Word" program.She also said that people who develop a new museum do not suffer from the loss of scent and taste, while the most prevalent symptoms are the feeling of simple fatigue..Kotzi said that the people who are restaurant have the symptoms are much lower than that of non -restaurants, and that no deaths were reported as a result of the museum so far (watch 16:02 minutes).
The International Monetary Fund is likely to respond to the emergence of the Omekron Museum by reducing its expectations for the growth of the global economy, according to the President of the Crystalina Georgiva on Friday, according to Reuters..The Fund said in October it is expected to grow the global economy by 5.9% in 2021, and 4.9% next year, but the new museum has restored the uncertainty to the financial market."The new museum that may spread very quickly can weaken confidence, and in light of this we are likely to witness some discounts from our expectations for October for global growth," Georgiva said at a conference organized by Reuters..
It happens today -
The Procurement Manager Index will be issued for the November, Saudi Arabia and Qatar on Sunday, then the UAE next Tuesday.You can read the index data when it is released from here - you can also read the interview that we conducted with David Owen, an economic analyst for economic indicators in IHS Market.
We follow this week -
The subscription door is closed to the compulsory purchase offer from the "Dar-Di Qio" alliance this week: before Sodic shareholders are three other days to respond to the compulsory purchase offered by the UAE Real Estate Company and the AD Quo Holding Company.The period of the presentation ends next Tuesday.
Tomorrow, Monday, the Central Bank of Egypt will hold a bid to buy wardrobe bills for one billion dollars for one year.Egypt sold about 5.1 billion dollars of debts denominated in dollars so far in 2021 via five publications.
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This week is happening -
Another volatile trading session on Friday ended a difficult week in the markets, as the report of the weak American jobs led to the turmoil caused by the return of a new museum of the Coffee-19 virus and increased caution from the Federal Reserve.American technology shares have been particularly hit, as sales in Tesla and Facebook (Meta) (now technically in a descending market after declining 20% of its last peak) and Adobe's share caused the NASDAC to decline about 2% upon closing.The Dow Jones and Standard & Poor's index also covered red, with major swinging during the day the Fear Index (VIX) pushed its highest level since the short crisis of Jim Stop in January.Bloomberg and Vinanashal Times have more.
The disorder also affected cryptocurrencies, which fell to new low levels yesterday: Cryptocurrency declined during the weekend, after uncertainty prevailed on how the American Federal Reserve dealt with inflation and the spread of omecron.Bloomberg, Reuters and Wall Street Journal has the story.
Market fluctuations are not all bad news for policy -makers in Egypt:
#1: Oil prices have now decreased by approximately 20% of their peak in late October: The oil - the largest element in the Egyptian import bill - remained close to its lowest level in three months on Friday, despite the announcement of the OPEC Plus coalition on Friday that it is possible to reduceThe planned increases in production if the spread of omecron causes poor demand.Brent crude fell about 5.7% on Thursday, after the oil producers group said that it will move forward in its plans to add 400 thousand other barrels per day to the market in January.The group's intervention on Friday led to the stability of prices, but fears that the rise in cases of "Kovid-19" may harm the demand. It continued to influence the market..
#2: Wheat prices recently declined after they rose to record levels last month: wheat futures witnessed its worst week in three months, as it decreased by 4% last week due to concerns about the impact of omecron on the global economy.The market is still backed by floods in Australia - the sixth largest wheat producer in the world - and the great demand, says Bloomberg.Egypt was one of the largest buyers last week, as it benefited from the low prices by buying 600,000 tons in a tender that is the largest in years.
In the notebook -
The most prominent economic events that we are awaiting during the next few days:
You can view the full notebook on our website, where there is a comprehensive list of upcoming news events, national holidays and conferences, and everything that matters to the financial and business community.
Today we offer you "What next": We continue to issue this week from our modern exclusive platform with more deepening about the directions of the next generation of successful companies in Egypt, the United Arab Emirates and the Kingdom of Saudi Arabia, and we will also learn about the investment orientations and future growth trips of the sectors.
In today's issue: In the first issue of our specialized publishing "What after" last week, we presented a closer look at the increasing direction in the local market, which is to acquire startups on other companies in their early stages within their growth strategies.Today, in the first part of a series of three parts, we review together private companies that have come a longer run on their journey: they are family companies.
Family companies are a very important segment if you have the desire to know where the next generation comes from the major Egyptian companies, despite the failure of the vast majority of them to stay for a longer period after the founders hand over the flame to new generations.And we will discuss in this series what family companies should do, not to be ready for "What next?", But to ensure their continuation first before they are ready.