Back to the complete issue
Tuesday, 3 May 2016

It’s PMI day in MENA + Daylight Savings is Coming Back

It’s PMI day in MENA: The Emirates NBD / Markit purchasing managers indexes for Saudi Arabia, the UAE and Egypt will be out this morning at 05:30 UTC today. That’s after we dispatch, so hit this link for the reports when they’re released.

Daylight saving is coming back — AGAIN. At least according to the Ismail cabinet. We will once again experience the joys of our smartphone clocks losing their little artificially intelligent minds on 7 July when it comes into effect again, according to Ahram Online. Cabinet last brought daylight savings time back in 2014 (forcing us to change the clocks four times due to Ramadan) before turning the (metaphorical) clocks back to 2011, when daylight savings was scrapped in the wake of the 25 January revolution. If we remember correctly, this means we’ll ‘spring forward’ on 7 July (advance the clocks an hour for summer time) and then ‘fall back’ in October.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.