Markets News Oil 

The US-China trade war has set in motion an unstoppable global economic transformation

“The most knowing delegates at this year’s World Energy Congress, who met here this week, continued to worry about the US-Chinese trade war” writes Frederick Kempe for cnbc.com. Frederick Kempe is a best-selling author, prize-winning journalist and president & CEO of the Atlantic Council, one of the United States’ most influential think tanks on global affairs.If nothing interrupts this process, it will reverse 40 years of increased trade, financial and economic integration of the two countries. Source: cnbc.com

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Egypt eyes digitalisation of industry, but faces challenges

“Digital transformation is expected to achieve additional revenue and create new business models, digital products, services, and solutions” writes Shaimaa Al-aees for dailynewssegypt.com. Two years ago, the ministry of trade and industry said Egypt seeks to apply digital transformation mechanisms on the national industry, in preparation for the fourth industrial revolution.Most recently, creating smart cities and communities became a top trend in Egypt with the aim of promoting innovative technologies and digital transformation.Egypt’s digital transformation strategy focuses on several axes: developing infrastructure,  creating a conducive business environment, investing in human…

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Markets News Stocks 

There’s a sudden transformation taking place in the stock market and it’s unnerving some investors

“The value fund rose again Tuesday, trading 0.5% higher while the momentum fund dropped another 1.3%” writes Fred Imbert for cnbc.com. The S&P 500 closed little changed for the session, but value stocks — those with low multiples and stable fundamentals — significantly outperformed their growth counterparts.This shift is unnerving to investors because momentum stocks, those defined by their large growth expectations relative to the broader market, have outperformed value names in recent years. A rotation away from these stocks could result in a downturn for the broader market.The momentum…

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Brokers News 

Fawry to launch Insurance Brokerage Service for micro products early 2020

“The company plans to launch a new service early 2020, namely the micro insurance brokerage service” writes Alyaa Stohy for dailynewssegypt.com. The spread of mobile phones and the internet helps provide comprehensive digital payment services.How would Fawry benefit from digital transformation and financial technology in developing the non-banking financial sector?. And what are the chances of achieving digital transformation in Egypt?. Electronic payment systems in government departments has evolved considerably during the past period and will witness a more gradual and significant progression in the future. Source: dailynewssegypt.com

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Egypt starts digitalisation of energy grid: Electricity minister

“Enhancing the national electricity grid is necessary to absorb the newly added capacities from renewable energy projects, reduce the electricity loss in the grid, and boost electrical interconnection with neighbouring countries” writes Mohamed Farag for dailynewssegypt.com. The electricity sector is implementing reform policies to launch the digital transformation process of energy, achieve security and sustainability of electricity, and increase energy efficiency., the minister said.The electricity sector is currently working on improving and developing transmission and distribution networks, including high-voltage transformer stations and control centres.The Minister of Electricity and Renewable Energy,…

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2nd edition of E-commerce summit to tackle fintech, digital transformation in Egypt

“Fintech to play an integral role as Egypt embarks on a journey to reach financial inclusion, digital transformation” writes Daily News Egypt for dailynewssegypt.com. Egypt has tremendous potential to expand in fintech thanks to its large economy, mature banking industry, and young population.Egypt’s burgeoning fintech scene could spur growth by helping bring more people and businesses into the formal economy and increase the size of e-commerce transactions.Earlier this year, the government set up a EGP 1bn ($57m) fund via the Central Bank of Egypt (CBE) and the International Finance Corporation launched a two-year program for fintech…

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Cybersecurity transformation in 2019 and beyond

“This is a common misconception, and in some ways, this is the fault of the cybersecurity industry” writes Alexander Moiseev for dailynewssegypt.com. That is why the cybersecurity industry is moving from a realm of unified boxed products towards expertise-based, business-needs driven, unique solutions.However, the modern business environment – at least when it comes to large enterprises – is transforming and so should the cybersecurity industry.IT was something that would speed up and simplify a few business processes, but not yet the backbone of business infrastructure.Back then, the answer to the…

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Living like a local was the big travel trend 5 years ago. Now, travelers want their experiences to be life-changing, and it’s ushering in a new era of ‘transformational travel.’

“The last couple of years, that’s transitioned into ‘transformational.’” The Transformational Travel Council, founded in 2016, defines transformational travel as “intentionally traveling to stretch, learn and grow into new ways of being and engaging with the world.”” writes Katie Warren for businessinsider.com. Haupert told Forbes that ultimately, transformational travel means people should carry what they’ve learned on their travels home with them.The travel industry has, in recent years, been obsessed with “experiential travel,” which focuses on cultural exploration and “truly local and authentic experiences,” according to industry news site Skift.”Travel…

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Novartis generics boss quits amid conjecture over business’s future

“The departure of Francis, a British citizen, does nothing to quiet conjecture about Sandoz’s future within Novartis, analysts said” writes Midwest Communications Inc for 95kqds.com. Richard Francis, Sandoz’s boss since 2014, is stepping down, Novartis Chief Executive Vas Narasimhan said on Thursday, adding “Richard has decided that for personal reasons he cannot commit to stay with Sandoz until the transformation is completed”. Source: 95kqds.com

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Browns transformation timeline: Odell Beckham Jr. trade step No. 13 in…

“Britt was signed to a four-year, $32.5 million deal in the 2017 offseason” reports sportingnews.com. After sending safety Jabrill Peppers to the Giants as part of the Beckham trade, the Browns no longer have any of the lesser remnants from Brown’s two drafts.The Browns were happy enough with what Robinson did to give him a bargain one-year, $7 million deal to return in 2019. Source: sportingnews.com

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