{"id":548550,"date":"2022-08-14T04:00:25","date_gmt":"2022-08-14T04:00:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/"},"modified":"2022-08-14T04:00:25","modified_gmt":"2022-08-14T04:00:25","slug":"this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/","title":{"rendered":"THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar\u2019s wealth fund about to follow ADQ + PIF into the EGX?"},"content":{"rendered":"

Good morning, friends, and welcome to an exceptionally packed Sunday. <\/strong>We\u2019re going to jump right in<\/p>\n

<\/a> No imminent EGP devaluation:<\/strong> That was the message delivered by CBE deputy governor Gamal Negm in an interview with the state-run Middle East News Agency<\/a> yesterday. Egypt\u2019s foreign currency shortfall narrowed to USD 400 mn in July from USD 3.9 bn in February due to the central bank\u2019s move to restrict imports, eliminating the need for \u201ca significant reduction\u201d in the exchange rate \u201cin the next stage,\u201d he said. Negm made the comments a few days after Bloomberg came out with a piece<\/a> detailing recent forecasts by analysts, who expect the currency to fall anywhere between 5% and 23% against the greenback due to rising external pressures.<\/p>\n

FACT CHECK- Tarek Amer has no plans to step down before his second term ends in <\/strong>November 2023<\/strong>, Negm told the news agency, apparently in response to posts making the rounds on social media and the tabloid press.<\/p>\n

WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n

Out with the old, in with the new:<\/strong> The new ministers appointed to the cabinet by President Abdel Fattah El Sisi over the weekend will be sworn in at Ittihadiya today. We have the full story on who\u2019s in and who\u2019s out in this morning\u2019s news well, below.<\/p>\n

The Madbouly government\u2019s public consultations on its state ownership policy continue <\/strong>today<\/strong>, with representatives from the financial services sector weighing in. Every Sunday, Tuesday, and Thursday see workshops on how privatization plans will affect specific industries. You can find more details on the schedule of the meetings here<\/a>.<\/p>\n

Ghazl El Mahalla IPO:<\/strong> The retail portion of Ghazl El Mahalla\u2019s mini-IPO wraps today.<\/p>\n

CHANGE OF SEASONS- We have about three weeks of summer left. <\/strong>Kids at Cairo American College lead the charge, heading back to school this coming Wednesday, 17 August \u2014 and signaling that the end of summer is nigh. BISC and NCBIS go back on 28 August, AIS follows on 1 September, and Alsson on 4 September. Public schools go back<\/a> on 24 September. Enjoy the relatively smooth morning commute while it lasts, folks\u2026<\/p>\n

\n

<\/a> WATCH THIS SPACE- First <\/strong>ADQ<\/a><\/strong>. Then <\/strong>PIF<\/a><\/strong>. Now QIA?<\/strong> The alphabet soup of Gulf sovereign wealth funds eyeing investment in Egypt is about to get longer if a report in Al Borsa<\/a> late last night pans out. Citing people it says have knowledge of the matter, the newspaper claims that the Qatar Investment Authority is in talks with the Sovereign Fund of Egypt (SFE) to purchase stakes in several Egyptian companies in the fintech and renewables sector, including EGX-listed e-payment firms Fawry and e-Finance. The acquisitions could go through within a few weeks, they claimed.<\/p>\n

The PIF isn\u2019t done\u2026<\/strong> A few days after investing USD 1.3 bn in four EGX-listed firms, the Saudi Public Investment Fund (PIF) is interested in purchasing equity in Egypt Aluminum (EgyptAlum) and the new hotels company<\/a> \u201cwithin weeks,\u201d the newspaper says. The fund could purchase the stake in EgyptAlum through a USD 215 mn capital increase, it added. Then-Public Enterprises Minister Hisham Tawfik had said earlier this year<\/a> that the state plans to sell a 25-30% stake in EGX-listed EgyptAlum to a strategic investor \u2014 and also plans to offer a stake of up to 25% in the company it will create through a merger of seven or eight state-owned hotels.<\/p>\n

\u2026and neither is ADQ:<\/strong> The Abu Dhabi-based wealth fund is apparently interested in increasing its stake in Misr Fertilizers Production Company (Mopco), the newspaper claims. ADQ acquired 20% of the state-owned fertilizers company in April and reportedly wants to buy another 10-15%, they said. This would make the company majority foreign owned, coming a few days after the PIF acquired 25% of its shares.<\/p>\n

THE BIG STORY ABROAD-<\/strong><\/p>\n

The international press continues to feature prominently the stabbing of Booker-prize win<\/strong>ning author Salman Rushdie <\/strong>at a literary event in New York state on Friday. The author is still being treated in hospital, with his agent saying he is on a ventilator, is likely to lose the use of one eye, and has sustained stab wounds to his liver. A 24-year-old man is in police custody for the attack. Rushdie has been the target of death threats \u2014 including an Iranian fatwa calling for his killing \u2014 since the 1988 publication of his book The Satanic Verses, considered disrespectful by some to Islam. The Financial Times<\/a>, the New York Times<\/a>, the Associated Press<\/a> and the BBC<\/a> have more.<\/p>\n

The global business press are mourning the passing of former co-CEO of <\/strong>Deutsche Bank, Anshu Jain<\/strong>, who died on Friday aged 59 after a five-year battle with cancer. Jain served as co-CEO of the leading German bank between 2012 and 2015, before his contract ended after it was hit with a series of regulatory issues and fines. His most recent role was as president of US financial services firm Cantor Fitzgerald. (CNBC<\/a> | Financial Times<\/a> | Bloomberg<\/a> | Reuters<\/a>)<\/p>\n

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The Road to COP27:<\/strong> As the clock ticks down towards the all-important COP27 climate conference, Narrative PR is hosting a series of web talks with the organizers, leaders and policymakers shaping the agenda in Sharm El Sheikh this November. UN climate envoy and IMF executive director Mahmoud Mohieldin spoke about climate financing and Egypt\u2019s massive renewable energy potential a few weeks ago<\/a>. Environment Minister Yasmine Fouad also spoke<\/a> about how COP27 gives Egypt a chance to showcase its progress and move forward on partnerships in critical industries. Fouad now shares details around the themes and the physical setup of the summit, which will include a \u201cgreen zone\u201d for civil society, youth organizations and private companies exhibiting their work. Cultural events \u2014 including performances and an international fashion show \u2014 are also set to run over the course of the summit.<\/p>\n

Breaking down the agenda:<\/strong> The climate summit will include a finance day dedicated to discussing innovative financing methods and how developed countries can fulfill a target to provide USD 100 bn of climate finance annually, as well as a water day to tackle the effects of climate change on water resources, Fouad said. The agenda also includes an agriculture day to discuss the issue of food security.<\/p>\n

Watch the full interview here<\/strong> (runtime: 6:21<\/a>).<\/p>\n

\n

CIRCLE YOUR CALENDAR-<\/strong><\/p>\n

MNHD shareholders have the final word on SODIC takeover bid:<\/strong> Madinet Nasr Housing and Development will hold a general assembly meeting on Tuesday, 16 August, to decide whether to allow SODIC to conduct due diligence ahead of a potential takeover.<\/p>\n

Interest rates:<\/strong> The Central Bank of Egypt will meet to discuss interest rates next Thursday, 18 August.<\/p>\n

National Dialogue:<\/strong> The board of trustees overseeing the National Dialogue will hold its next meeting on 27 August. On the agenda: Choosing the rapporteurs for all of the committees and subcommittees of the social, political and economic tracks, and preparing the agenda and topics of discussion for the dialogue.<\/p>\n

The Madbouly government will on 1 September begin rolling out new measures <\/strong>designed to bolster the social safety net<\/strong>. Prime Minister Moustafa Madbouly met with ministers yesterday to lay out the timeline for implementing emergency social protection measures to support vulnerable citizens amid surging inflation, cabinet said in a statement.<\/a><\/p>\n

What\u2019s on the table: <\/strong>The government is planning to add another 450k families to the Takaful and Karama program<\/a> and raise the personal income tax exemption threshold to EGP 2.5k from EGP 2k, meaning hundreds of thousands of low-earning workers will not pay income taxes.<\/p>\n

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

\"enterprise\"<\/a><\/p>\n

*** It\u2019s What\u2019s Next day:<\/strong> We have our weekly deep-dive into what makes and shapes pre-listed companies and startups in Egypt, the UAE and KSA, touching on investment trends, future sector insights and growth journeys.<\/p>\n

In today\u2019s issue:<\/strong> Earlier this year, Nasdaq-listed mass transit firm Swvl announced it is expediting its timeline to hit profitability by slashing headcount, streamlining operations and cutting the proverbial fat. This change will see the firm shift its operations to focus more on its B2B services and discontinue some unprofitable B2C services. Altogether, the shift is an adjustment of the company\u2019s business model, which followed the standard ride-hailing business structure of narrow (or negative) margins that are partially offset by more profitable segments, while relying on venture capital and public equity investments to stay afloat.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends, and welcome to an exceptionally packed Sunday. We\u2019re going to jump right in No imminent EGP devaluation: That was the message delivered by CBE deputy governor Gamal Negm in an interview with the state-run Middle East News Agency yesterday. Egypt\u2019s foreign currency shortfall narrowed to USD 400 mn in July from USD […]<\/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":[7204],"tags":[271,7286,228,104,1419,72,125,296,734,927,74,680],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548550","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-central-bank-of-egypt","tag-climate","tag-cop27","tag-economy","tag-egp","tag-enterpriseam","tag-investment-watch","tag-qatar","tag-sovereign-wealth-funds","tag-tarek-amer","tag-what-were-tracking-today","tag-yasmine-fouad","wpautop","entry"],"acf":{"mongo_id":"16d8e297-b643-4497-9e65-4ad4fef63817","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[548548],"teaser":"","voice_url":""},"yoast_head":"\nTHIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar\u2019s wealth fund about to follow ADQ + PIF into the EGX? - 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\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar\u2019s wealth fund about to follow ADQ + PIF into the EGX?\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and welcome to an exceptionally packed Sunday. We\u2019re going to jump right in No imminent EGP devaluation: That was the message delivered by CBE deputy governor Gamal Negm in an interview with the state-run Middle East News Agency yesterday. 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We\u2019re going to jump right in No imminent EGP devaluation: That was the message delivered by CBE deputy governor Gamal Negm in an interview with the state-run Middle East News Agency yesterday. Egypt\u2019s foreign currency shortfall narrowed to USD 400 mn in July from USD […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-08-14T04:00:25+00:00","og_image":[{"url":"https:\/\/ent.news\/2022\/6\/Enterprise-Climate-Teaser-1600.jpg","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar\u2019s wealth fund about to follow ADQ + PIF into the EGX?","datePublished":"2022-08-14T04:00:25+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/"},"wordCount":1416,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2022\/6\/Enterprise-Climate-Teaser-1600.jpg","keywords":["Central Bank of Egypt","Climate","COP27","economy","EGP","EnterpriseAM","investment watch","Qatar","Sovereign wealth funds","Tarek Amer","What We're Tracking Today","Yasmine Fouad"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/","name":"THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar\u2019s wealth fund about to follow ADQ + PIF into the EGX? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2022\/6\/Enterprise-Climate-Teaser-1600.jpg","datePublished":"2022-08-14T04:00:25+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/#primaryimage","url":"https:\/\/ent.news\/2022\/6\/Enterprise-Climate-Teaser-1600.jpg","contentUrl":"https:\/\/ent.news\/2022\/6\/Enterprise-Climate-Teaser-1600.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/this-morning-negm-rules-out-near-term-egp-devaluation-is-qatars-wealth-fund-about-to-follow-adq-pif-into-the-egx\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar\u2019s wealth fund about to follow ADQ + PIF into the EGX?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":591559,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/cbe-to-compensate-bank-lending-under-egp-150-bn-industrial-mortgage-programs\/","url_meta":{"origin":548550,"position":0},"title":"CBE to compensate bank lending under EGP 150 bn industrial, mortgage programs","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"CBE breaks down how it will compensate bank lending under EGP 150 bn industrial, mortgage programs: The Central Bank of Egypt (CBE) will ensure banks have at least 200 bps of margin when they loan out to factories and homebuyers under the two subsidized lending initiatives it recently launched with\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/92.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647386,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/cbe-extends-egp-6-bn-through-its-mortgage-finance-initiative-negm\/","url_meta":{"origin":548550,"position":1},"title":"CBE extends EGP 6 bn through its mortgage finance initiative -Negm","author":"enterpriseam admin","date":"9 May 2017","format":false,"excerpt":"The Central Bank of Egypt has now pushed EGP 6 bn into its initiative to promote mortgages for low and middle income, deputy central bank governor Gamal Negm said, according to Al Mal. The CBE is looking to bring total financing extended under the initiative to EGP 10 bn and\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647363,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/central-bank-to-further-facilitate-sme-funding-with-new-policies-this-month-negm\/","url_meta":{"origin":548550,"position":2},"title":"Central Bank to further facilitate SME funding with new policies this month -Negm","author":"enterpriseam admin","date":"9 May 2017","format":false,"excerpt":"The Central Bank of Egypt is planning to announce new policies during May to improve access to finance for small and medium-sized businesses, Deputy Governor Gamal Negm said on Monday, Al Mal reports. Banks have extended EGP 101 bn in finance to c. 37 SMEs since the central bank launched\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560906,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/last-nights-talk-shows-on-17-march-2021\/","url_meta":{"origin":548550,"position":3},"title":"Last Night\u2019s Talk Shows on 17 March 2021","author":"enterpriseam admin","date":"17 March 2021","format":false,"excerpt":"Three main topics were vying for the talking heads\u2019 attention last night: The Central Bank of Egypt\u2019s new mortgage finance initiative, increases in the national minimum wage, and the latest round of talks between Palestinian factions in Cairo. We have the full story on the Palestine meeting in the news\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569319,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/central-bank-of-egypt-launches-its-mortgage-finance-program\/","url_meta":{"origin":548550,"position":4},"title":"Central Bank of Egypt launches its mortgage finance program","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"The Central Bank of Egypt (CBE) has launched its EGP 50 bn mortgage finance program for middle-income housing ahead of schedule, Deputy Governor Gamal Negm said, according to Hapi Journal. The program was expected to launch next month. All banks on the market will be able to grant subsidized loans\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569020,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/central-bank-of-egypt-waives-egp-48-5-bn-worth-of-debt-interest-payments-for-factories\/","url_meta":{"origin":548550,"position":5},"title":"Central Bank of Egypt waives EGP 48.5 bn-worth of debt, interest payments for factories","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"The Central Bank of Egypt (CBE) has waived EGP 48.5 bn-worth of debt and interest payments for struggling factories and companies as part of its ongoing debt relief initiative, Al Shorouk reports, citing a recent announcement. 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