{"id":545501,"date":"2022-03-05T10:20:38","date_gmt":"2022-03-05T10:20:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/05\/your-top-5-pieces-of-business-and-economic-news-in-february-2022\/"},"modified":"2022-03-05T10:20:38","modified_gmt":"2022-03-05T10:20:38","slug":"your-top-5-pieces-of-business-and-economic-news-in-february-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/05\/your-top-5-pieces-of-business-and-economic-news-in-february-2022\/","title":{"rendered":"Your top 5 pieces of business and economic news in February 2022"},"content":{"rendered":"<p>Your top 5 pieces of business and economic news in February:<\/p>\n<ul>\n<li><strong>A blockbuster acquisition:<\/strong> First Abu Dhabi Bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8d68b5eb-a11f-4c88-b404-0e64bb3de85d\">offered to buy a majority stake in leading financial services corporation EFG Hermes<\/a> in an all-cash acquisition that values it at EGP 18.5 bn (c. USD 1.2 bn).<\/li>\n<li><strong>Inflation on the up:<\/strong> Annual urban inflation <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7914e5e9-10b5-4166-b35f-232741c164aa\">hit its highest level in almost two and a half years<\/a> in January due to rising food prices and an unfavorable base effect.<\/li>\n<li><strong>Bad news for importers:<\/strong> As of this month, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1237459-2827-438d-96c3-8fe7a8dce26e\">documentary collection from exporters will no longer be accepted by banks<\/a> to facilitate the import of goods into Egypt, forcing importers to use more-costly and less-accessible letters of credit.<\/li>\n<li><strong>CBE holds firm on interest rates:<\/strong> The CBE <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2842659-e6ac-47ab-ba44-3132fd174c2a\">left interest rates on hold<\/a> at its first policy meeting off 2022, as forecasts for tougher global monetary conditions and heightened inflation in the coming months grow.<\/li>\n<li><strong>Made-in-Egypt mRNA:<\/strong> Egypt was among six African countries chosen by the World Health Organization to receive technology to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa890612-4bd3-45c1-94a7-cd0823ab9625\">manufacture Pfizer \/ Moderna-esque mRNA covid vaccines<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Your top 5 pieces of business and economic news in February: A blockbuster acquisition: First Abu Dhabi Bank offered to buy a majority stake in leading financial services corporation EFG Hermes in an all-cash acquisition that values it at EGP 18.5 bn (c. USD 1.2 bn). Inflation on the up: Annual urban inflation hit its [&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":[9513],"tags":[2604,2611],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545501","post","type-post","status-publish","format-standard","hentry","category-your-top-5","tag-enterpriseyourwealth","tag-your-top-5","wpautop","entry"],"acf":{"mongo_id":"102c0090-0268-4cde-b587-bd4c8bce8bf9","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[545491],"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>Your top 5 pieces of business and economic news in February 2022 - 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\/05\/your-top-5-pieces-of-business-and-economic-news-in-february-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your top 5 pieces of business and economic news in February 2022\" \/>\n<meta property=\"og:description\" content=\"Your top 5 pieces of business and economic news in February: A blockbuster acquisition: First Abu Dhabi Bank offered to buy a majority stake in leading financial services corporation EFG Hermes in an all-cash acquisition that values it at EGP 18.5 bn (c. USD 1.2 bn). Inflation on the up: Annual urban inflation hit its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/05\/your-top-5-pieces-of-business-and-economic-news-in-february-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-05T10:20:38+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/05\/your-top-5-pieces-of-business-and-economic-news-in-february-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/05\/your-top-5-pieces-of-business-and-economic-news-in-february-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Your top 5 pieces of business and economic news in February 2022\",\"datePublished\":\"2022-03-05T10:20:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/05\/your-top-5-pieces-of-business-and-economic-news-in-february-2022\/\"},\"wordCount\":178,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseYourWealth\",\"YOUR TOP 5\"],\"articleSection\":[\"YOUR TOP 5\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/05\/your-top-5-pieces-of-business-and-economic-news-in-february-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/05\/your-top-5-pieces-of-business-and-economic-news-in-february-2022\/\",\"name\":\"Your top 5 pieces of business and economic news in February 2022 - 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invest USD\u2026","rel":"","context":"In &quot;YOUR TOP 5&quot;","block_context":{"text":"YOUR TOP 5","link":"https:\/\/enterpriseam.com\/egypt\/category\/your-top-5\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597724,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-outperforms-regional-oil-importers-on-gdp-export-growth-lags-behind-in-containing-inflation-and-debt\/","url_meta":{"origin":545501,"position":1},"title":"Egypt outperforms regional oil importers on GDP, export growth; lags behind in containing inflation and debt","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"Egypt outperforms regional oil importers on GDP, export growth; lags behind in containing inflation and debt: Egypt\u2019s projected GDP growth rate is expected to outstrip the average among oil importing countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) over the next two years, the IMF said in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/634.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584956,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/world-bank-downgrades-growth-forecasts-for-egypt-and-the-region-as-inflation-bites\/","url_meta":{"origin":545501,"position":2},"title":"World Bank downgrades growth forecasts for Egypt and the region as inflation bites","author":"enterpriseam admin","date":"9 April 2023","format":false,"excerpt":"Lender cuts GDP growth forecast from 4.8% to 4.0% in FY 2022-2023","rel":"","context":"In 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statement. Under the decision, businesses will be permitted to use documentary collection to\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/132.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552421,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/04\/this-evening-finmin-lays-out-criteria-for-amended-customs-tariffs-germany-rolls-out-eur-65-bn-inflation-relief-package\/","url_meta":{"origin":545501,"position":4},"title":"THIS EVENING: FinMin lays out criteria for amended customs tariffs + Germany rolls out EUR 65 bn inflation relief package","author":"enterpriseam admin","date":"4 September 2022","format":false,"excerpt":"Good afternoon, wonderful people. 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