{"id":549691,"date":"2022-09-27T04:00:01","date_gmt":"2022-09-27T04:00:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/it-hasnt-been-a-great-year-but-wow-are-you-an-optimistic-lot\/"},"modified":"2022-09-27T04:00:01","modified_gmt":"2022-09-27T04:00:01","slug":"it-hasnt-been-a-great-year-but-wow-are-you-an-optimistic-lot","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/it-hasnt-been-a-great-year-but-wow-are-you-an-optimistic-lot\/","title":{"rendered":"It hasn\u2019t been a great year \u2014 but wow, are you an optimistic lot"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Did you miss the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd84427a-c81c-42e3-9a7b-a8ca9d01efdc\">results of our Enterprise Fall 2022 Reader Survey<\/a><\/strong><strong> in <\/strong><strong>yesterday\u2019s EnterprisePM?<\/strong> Nine months into a year that has weighed on global and domestic economic conditions, thanks in large part to the outbreak of war in Ukraine, the vast majority of you (70%) agree that 2022 hasn\u2019t lived up to <a href=\"https:\/\/enterprise.press\/2022\/01\/23\/enterprise-2022-reader-poll-results\/\">your hopes<\/a> that it would be a good year for the business community. Since the start of the year, we\u2019ve seen investors punch out of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/158188ff-65a9-4146-adc1-5f53c1a3f6e5\">emerging markets<\/a>, inflation spiral, the EGP slide more than 20% against the greenback, and the imposition of import restrictions that are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/45ae6db2-da22-4fb6-9b28-1017310e9890\">weighing heavily on businesses<\/a>.<\/p>\n<p><strong>The ongoing FX crunch is weighing heavily on many of you<\/strong>, with 22% of respondents citing access to foreign currency as the biggest problem facing their business today and some 66% agreeing that your business is presently affected or constrained by poor access to FX. Foreign currency is a more commonly cited problem than inflation and red tape or regulations, which tied for the second-biggest problem for businesses.<\/p>\n<p><strong>It\u2019s also factoring into your budgeting plans:<\/strong> Survey respondents are, on average, <strong>budgeting for the EGP to settle at 22.12 against the USD next year<\/strong>. Some 85% of those surveyed are expecting the EGP to fall against the greenback from where it stands today, with 64% budgeting for the currency to fall to 21-24.<\/p>\n<p><strong>What\u2019s your view on the M&A and IPO outlook? Do you think the government in sync with the needs of business? <\/strong>Check out the full rundown of the survey results in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd84427a-c81c-42e3-9a7b-a8ca9d01efdc\">yesterday\u2019s edition of EnterprisePM<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you miss the results of our Enterprise Fall 2022 Reader Survey in yesterday\u2019s EnterprisePM? Nine months into a year that has weighed on global and domestic economic conditions, thanks in large part to the outbreak of war in Ukraine, the vast majority of you (70%) agree that 2022 hasn\u2019t lived up to your hopes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":549692,"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":[7359],"tags":[271,104,611,72,182,125,78,7128,7358,2470],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-poll","tag-central-bank-of-egypt","tag-economy","tag-enterprise-poll","tag-enterpriseam","tag-inflation","tag-investment-watch","tag-ipo-watch","tag-ma-watch","tag-poll","tag-reader-survey","wpautop","entry"],"acf":{"mongo_id":"e73b09bb-c1d3-4be7-9970-0e972ee7e2ac","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/391.jpg","photo_position":"above","related_issue":[549687],"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>It hasn\u2019t been a great year \u2014 but wow, are you an optimistic lot - 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\/09\/27\/it-hasnt-been-a-great-year-but-wow-are-you-an-optimistic-lot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It hasn\u2019t been a great year \u2014 but wow, are you an optimistic lot\" \/>\n<meta property=\"og:description\" content=\"Did you miss the results of our Enterprise Fall 2022 Reader Survey in yesterday\u2019s EnterprisePM? 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In a nutshell: You have better access to FX than in 4Q2016;Almost 40% of you say 1Q was a good time to do business in Egypt \u2014 and almost 40% of you think the opposite;Nearly 15% of your companies gave\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/4\/1230.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580932,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/29\/this-evening-cib-gets-central-banks-blessing-to-complete-mayfair-acquisition-take-our-2022-enterprise-reader-survey\/","url_meta":{"origin":549691,"position":2},"title":"THIS EVENING: CIB gets central banks\u2019 blessing to complete Mayfair acquisition + Take our 2022 Enterprise Reader Survey","author":"enterpriseam admin","date":"29 January 2023","format":false,"excerpt":"Good afternoon, wonderful people. We\u2019re now in the throes of that dreaded two-month stretch without any holidays or long weekends to speak of. (Is that the world\u2019s smallest violin we hear?)**TAKE OUR 2022 ENTERPRISE READER SURVEY and get a chance to break bread with us: Give us your thoughts on\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\/2023\/1\/755.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604912,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/the-results-of-our-enterprise-2018-reader-poll\/","url_meta":{"origin":549691,"position":3},"title":"The results of our Enterprise 2018 reader poll","author":"enterpriseam admin","date":"17 December 2018","format":false,"excerpt":"The results are in: 2018 was (mostly) a good year in which to do business in Egypt \u2014 and you\u2019re cautiously optimistic that 2019 is going to be better, the results of our end of year 2019 survey showed. 46% of the hundreds of readers who participated earlier this month\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\/2018\/12\/2980.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543037,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/this-evening-its-the-last-day-to-take-our-annual-reader-poll-seven-international-firms-awarded-licenses-for-eight-oil-and-gas-concessions\/","url_meta":{"origin":549691,"position":4},"title":"THIS EVENING: It\u2019s the last day to take our annual reader poll + seven international firms awarded licenses for eight oil and gas concessions","author":"enterpriseam admin","date":"3 January 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen. And just like some of you, the news appears to be bridging the New Year with the banking holiday this Thursday in observance of Coptic Christmas. There are a few hours left for you to take our annual reader poll \u2014 and potentially join us\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552740,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/optimism-still-abounds-even-if-things-didnt-go-as-planned\/","url_meta":{"origin":549691,"position":5},"title":"Optimism still abounds, even if things didn\u2019t go as planned","author":"enterpriseam admin","date":"26 September 2022","format":false,"excerpt":"The Enterprise Fall Reader Survey says: 2022 isn\u2019t panning out how many of you had hoped \u2014 but you\u2019re still an optimistic bunch. At the start of the year, more than three-quarters of you expressed optimism that 2022 would bring better business conditions to Egypt \u2014 even after broadly agreeing\u2026","rel":"","context":"In &quot;ENTERPRISE READER POLL&quot;","block_context":{"text":"ENTERPRISE READER POLL","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-reader-poll\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549691","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=549691"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549691\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/549692"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549691"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549691"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}