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Monday, 20 February 2017

What we’re tracking on 20 February 2017

We’re below EGP 16 to the greenback: The EGP has strengthened to a three-month high with the central bank reporting that banks were buying greenbacks at an average rate of EGP 15.7576 per USD 1 yesterday. Bankers told Reuters the strengthening of the EGP owes in large part of a drop in demand for the greenback on the part of importers. “Importers have a pile up of goods. When the prices rose after the float, people’s purchasing power declined and sales in most [imported] goods slowed down and with it their demand for [USD] to import more goods slowed as well,” one banker told the newswire.

The ad we can’t get out of our heads this morning: What will they say about you, by Nike Middle East (runtime: 1:10). A must watch for girls and boys alike, says our resident nine-year-old as she eyes her skateboard.

The theme song we can’t get out of our heads this morning: WKRP in Cincinnati, babies. Which, looking back today, is shockingly well-written and brilliantly acted. Except for the fact that you watch two episodes one night a week ago and wake up at 3am today with the bloody song in your head. Explain that, please, God. There’s the 45-second version that ran over the opening credits — or the “full” version if you’re brave enough. We deny, separately and jointly, now and in perpetuity, any responsibility for the mental, emotional, physical or other consequences arising from your decision to listen to either clip.

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.

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