{"id":545209,"date":"2022-03-13T13:44:44","date_gmt":"2022-03-13T13:44:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/"},"modified":"2022-03-13T13:44:44","modified_gmt":"2022-03-13T13:44:44","slug":"this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/","title":{"rendered":"THIS EVENING: CBE extends cash cover for foodstuffs + Russia\u2019s latest attack target in Ukraine: A military base in Yavoriv"},"content":{"rendered":"<p><strong>Good afternoon, ladies and gentlemen.<\/strong> It\u2019s one of the slowest Sundays we can remember in recent history, which is quite the departure from where we were this morning.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>CBE extends cash cover for foodstuffs: <\/strong>The Central Bank of Egypt (CBE) is <a href=\"https:\/\/ent.news\/2022\/3\/%D9%83%D8%AA%D8%A7%D8%A8-%D8%AF%D9%88%D8%B1%D9%8A-%D8%A8%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE-10-%D9%85%D8%A7%D8%B1%D8%B3-2022-%D8%A8%D8%B4%D8%A3%D9%86-%D9%85%D8%AF-%D9%81%D8%AA%D8%B1%D8%A9-%D8%A7%D8%B3%D8%AA%D8%AB%D9%86%D8%A7%D8%A1-%D8%A8%D8%B9%D8%B6-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA-%D8%A7%D9%84%D8%BA%D8%B0%D8%A7%D8%A6%D9%8A%D8%A9-%D9%85%D9%86-%D9%85%D8%AA%D8%B7%D9%84%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D8%BA%D8%B7%D8%A7%D8%A1-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A-%D9%84%D9%85%D8%AF%D8%A9-%D8%B9%D8%A7%D9%85.pdf\">extending (pdf)<\/a> the exclusion period for rice, lentils, and fava beans from their 100% cash cover for another year, ending 15 March, 2023. The CBE has extended the exclusion period twice in the past two years (<a href=\"https:\/\/ent.news\/2022\/3\/Circular-dated-16-March-2020-regarding-extension-of-exempting-certain-food-products-from-cash-cover-requirements-for-one-year-.pdf\">here<\/a> and <a href=\"https:\/\/ent.news\/2022\/3\/Circular-dated-23-March-2021-regarding-extension-of-exempting-certain-food-products-from-cash-cover-requirements-for-one-year.pdf\">here<\/a>) since it first introduced the exemptions in 2019.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Georgieva says IMF is talking with Egypt:<\/strong> \u201cI worry for Egypt. If we have sustained high food and energy prices, how this is going to impact people in Egypt,\u201d International Monetary Fund (IMF) boss Kristalina Georgieva <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60369999-0536-445f-86c7-6ca68e624aed\">said on Thursday<\/a>.<\/li>\n<li><strong>A first look at the long-awaited automotive strategy:<\/strong> Cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a06d4ec-4025-490e-8842-45c8a9fe0d8a\">reviewed last week<\/a> the final version of a national strategy to develop the automotive industry.<\/li>\n<li><strong>Gov\u2019t has incentives for green economy:<\/strong> The Madbouly government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ae23b8fb-b6ae-4d6c-846a-880e5605e5e2\">is introducing incentives<\/a> to spur investments in the green and AI sectors, including projects in green hydrogen, green ammonia, EV manufacturing and charging, plastics alternatives, and waste management<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Russia\u2019s latest attack target in Ukraine: A military base in Yavoriv.<\/strong> Russian forces fired 30 rockets (some of which were intercepted) at the International Center for Peacekeeping and Security \u2014 which usually houses joint drills with NATO \u2014 located in Yavoriv, near the Polish border, <a href=\"https:\/\/www.reuters.com\/world\/europe\/air-strike-launched-ukraine-military-base-near-polish-border-lviv-authorities-2022-03-13\/\">R<\/a><a href=\"https:\/\/www.reuters.com\/world\/europe\/air-strike-launched-ukraine-military-base-near-polish-border-lviv-authorities-2022-03-13\/\">euters<\/a> reported. The attack <a href=\"https:\/\/www.bbc.com\/news\/live\/world-europe-60717902?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=622dc985ec502b53cd481f31%26Military%20base%20death%20toll%20soars%20to%2035%262022-03-13T10%3A38%3A56.119Z&ns_fee=0&pinned_post_locator=urn:asset:65665a63-30dd-44d7-9b81-75621dd987b7&pinned_post_asset_id=622dc985ec502b53cd481f31&pinned_post_type=share\">killed 35<\/a> and injured 134 others.<\/p>\n<p><strong>Could chemical weapons be next? <\/strong>Russia may use chemical weapons next, NATO Secretary-General Jens Stoltenberg told German newspaper <a href=\"https:\/\/www.welt.de\/politik\/ausland\/article237500349\/Jens-Stoltenberg-Nato-Chef-rechnet-mit-noch-groesserer-Not-in-der-Ukraine.html\">Welt am Sonntag<\/a>. \u201cWe have heard absurd claims about chemical and biological weapons laboratories,\u201d Stoltenberg said.<\/p>\n<p><strong>Putin is ramping up efforts to restrict Russians\u2019 access to news: <\/strong>Russia is threatening to block Instagram after calling its parent company, Meta Platforms, an \u201cextremist organization.\u201d the <a href=\"https:\/\/www.wsj.com\/articles\/russia-rolls-down-internet-iron-curtain-but-gaps-remain-11647087321\">Wall Street Journal<\/a> writes. Russia had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b9f50488-a0a4-49fc-b29f-bd82792f1229\">already restricted<\/a> access to Twitter and Facebook and passed a law that criminalizes \u201cfake news.\u201d<\/p>\n<p><strong>Is peace (take four) actually on the horizon for the Ukrainian-Russian crisis?<\/strong> Ukraine is currently in talks with Israel and Turkey, which stepped in as mediators in the crisis, to determine a location and framework for renewed peace talks with Russia, <a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-is-working-with-israel-turkey-set-up-talks-with-russia-says-negotiator-2022-03-13\/\">Reuters<\/a> quoted Ukrainian presidential adviser and negotiator Mykhailo Podolyak as saying. \u201cWhen it is worked out, there will be a meeting. I think it won't take long for us to get there,\u201d he said on state TV, without providing further details.<\/p>\n<hr class=\"grey-line\">\n<p><strong>IN MEMORIAM- Former member of parliament and Al Nas Children\u2019s Hospital CEO<\/strong><strong> Anissa Hassouna passed away today<\/strong> after a battle with cancer, <a href=\"https:\/\/bit.ly\/3J9uEkW\">Masrawy<\/a> reports. Hassouna, a leader in the world of philanthropy and charity work, is known for speaking publicly about her struggle with illness, and chronicled her journey fighting the disease in her memoir, \u201c<a href=\"https:\/\/www.shoroukbookstores.com\/books\/view.aspx?id=abdfffe1-5792-4fec-8b48-3f49f6925976\">Bedoun Sabeq Enzar<\/a>\u201d (Without Prior Warning).<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong> <strong>AUC will hold its annual <\/strong><strong><a href=\"https:\/\/ent.news\/2022\/3\/AUC-Business-Forum-Media-Advisory-English.pdf\">Business Forum<\/a><\/strong><strong> from tomorrow through this<\/strong><strong> Thursday, <\/strong><strong>17 March. <\/strong>The virtual forum will see founders, business players and policymakers from Egypt, Africa and other parts of the world discuss investing in tech startups, corporate learning and development, and the role of multi-stakeholder collaboration in fueling inclusive sustainable development, among other topics. Keynote speakers will include Planning Minister Hala El Said, and American economist and Nobel Prize Laureate Abhijit Banerjee. You can <a href=\"https:\/\/business.aucegypt.edu\/news\/auc-business-virtual-forum-2022\">register here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Green energy forum: <\/strong>The German Arab Chamber of Industry and Commerce is hosting the Egyptian German Green Energy Forum next Tuesday, 22 March. Planning Minister Hala El Said, Vice Minister of Finance Ahmed Kouchouk, and German Ambassador Frank Hartmann are among those slated to attend. The event runs 5:30-9pm CLT at the InterContinental Cairo Semiramis.<\/p>\n<p><strong>Interest rates: <\/strong>The Central Bank of Egypt will hold its <a href=\"https:\/\/www.cbe.org.eg\/en\/MonetaryPolicy\/Pages\/MPCMeetingSchedule.aspx\">next monetary policy meeting<\/a> on Thursday, 24 March.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- It\u2019s going to be a windy, cold week <\/strong>\u2014 especially early in the morning and late at night \u2014 according to the <a href=\"https:\/\/www.facebook.com\/ema.gov.eg\/posts\/327127659445808\">Egyptian Meteorological Authority\u2019s<\/a> latest forecast. Expect highs of 19\u00b0C and lows of 9\u00b0C over the next five days in the capital and Alexandria.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gentlemen. It\u2019s one of the slowest Sundays we can remember in recent history, which is quite the departure from where we were this morning. THE BIG STORY TODAY CBE extends cash cover for foodstuffs: The Central Bank of Egypt (CBE) is extending (pdf) the exclusion period for rice, lentils, and fava [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7213],"tags":[9633,633,1095,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545209","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-anissa-hassouna","tag-enterprisepm","tag-russia-ukraine-war","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"9b0c5b82-d45d-4e19-876f-aa975c390aad","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[545207],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: CBE extends cash cover for foodstuffs + Russia\u2019s latest attack target in Ukraine: A military base in Yavoriv - 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\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: CBE extends cash cover for foodstuffs + Russia\u2019s latest attack target in Ukraine: A military base in Yavoriv\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, ladies and gentlemen. 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It\u2019s one of the slowest Sundays we can remember in recent history, which is quite the departure from where we were this morning. 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We hope you all had a restful long Eid El Fitr holiday, and are easing back into the flow of things. THE BIG STORY TODAY CBE raises limits on ATM and over-the-counter withdrawals: The Central Bank of Egypt (CBE) has raised the daily\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","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\/2024\/4\/675.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607777,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/","url_meta":{"origin":545209,"position":3},"title":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards","author":"enterpriseam admin","date":"9 October 2023","format":false,"excerpt":"Good afternoon, ladies and gents. It\u2019s by far a calmer day today than it was yesterday, although we\u2019re running with many of the same themes. THE BIG STORY TODAY CBE instructed banks to start blocking use of EGP debit cards for FX transactions: Local banks have reportedly received verbal instructions\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","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\/325.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644852,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/05\/what-were-tracking-this-week-150\/","url_meta":{"origin":545209,"position":4},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"5 July 2017","format":false,"excerpt":"We are only one day away from the CBE\u2019s Monetary Policy Committee meeting this Thursday. Conventional wisdom has it that the CBE with hold interest rates, a view held by economists in a Reuters poll which we noted yesterday. HSBC and Beltone Financial both also predict that the CBE will\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":679190,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/29\/oil-prices-rebound-2-on-mideast-tensions-and-stalled-russia-ukraine-talks\/","url_meta":{"origin":545209,"position":5},"title":"Oil prices rebound 2% on Mideast tensions and stalled Russia-Ukraine talks","author":"enterpriseam admin","date":"29 December 2025","format":false,"excerpt":"Good afternoon, friends. The holiday slowdown remains in full effect as we inch closer to New Year\u2019s Eve. Headlines both at home and abroad remain calm, making it the perfect time to pick up a book or plug into a podcast during the downtime.THE BIG STORY ABROAD- ? There\u2019s next\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","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\/2025\/6\/766.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545209","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=545209"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545209\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/545207"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545209"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545209"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}