{"id":552259,"date":"2022-08-23T13:26:39","date_gmt":"2022-08-23T13:26:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/"},"modified":"2022-08-23T13:26:39","modified_gmt":"2022-08-23T13:26:39","slug":"this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/","title":{"rendered":"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well"},"content":{"rendered":"<p><strong>Good afternoon, friends.<\/strong> Today is hump day \u2014 not yesterday, as we (however wishfully) declared it. It\u2019s not a particularly busy news day here at home, but we\u2019ve learned that these tides can change swiftly.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Remittances hit a record high in FY2021-2022 for the second year in a row,<\/strong><strong> growing 1.6% y-o-y to USD 31.90 bn<\/strong>, according to<a href=\"https:\/\/ent.news\/2022\/8\/Remittances-June-2022.doc.pdf\">central bank figures (pdf)<\/a>. The World Bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4abffa24-ec5c-4140-b97d-5fc838bf32d9\">previously attributed<\/a> the rise in remittances to factors such as rising oil prices and Egyptians who work in oil-rich Gulf countries remitting a significant portion of their earnings back to their families in Egypt.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Business activity across the eurozone was down for a second consecutive month in<\/strong><strong> August<\/strong>, data <a href=\"https:\/\/ent.news\/2022\/8\/Eurozone-PMI-August.pdf\">(pdf).<\/a>by S&P Global\u2019s flash eurozone Composite Purchasing Managers' Index (PMI) showed, as a manufacturing contraction and a falling demand in service sector on the back of surging inflation weigh on business activity. PMI fell to 49.2 in August, down from 49.9, signaling a second month of contraction across the eurozone after a 16-month period of growth.<\/p>\n<p><strong>The contraction raises concerns that the eurozone is sliding towards recession<\/strong>, pressuring the European Central Bank as it looks to hike interest rates. \u201cThe euro-area composite PMI suggests the economy of the monetary union is sliding toward recession under the weight of soaring energy costs, and the worst still probably lies ahead,\u201d David Powell, senior euro-area economist said, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-08-23\/euro-zone-activity-shrinks-for-second-month-on-inflation-squeeze?sref=mmeFTDW1https:\/\/www.bloomberg.com\/news\/articles\/2022-08-23\/euro-zone-activity-shrinks-for-second-month-on-inflation-squeeze?sref=mmeFTDW1\">Bloomberg<\/a>. The PMI data and its effect on the EUR are leading the front pages of <a href=\"https:\/\/www.ft.com\/content\/458d3976-2197-46aa-9dba-e56d5093bb26\">Financial Times<\/a>, <a href=\"https:\/\/www.cnbc.com\/2022\/08\/23\/euro-trades-at-two-decade-low-against-dollar-and-it-could-slide-further.html\">CNBC<\/a>, and <a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-war-drags-europes-economy-succumbs-crisis-2022-08-23\/\">Reuters<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Egypt and the IMF <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/749b35e6-ac62-4dbd-8826-5b09c99fdfad\">are in the \u201cfinal stages\u201d<\/a><\/strong><strong> of talks<\/strong> for a fresh facility to help shore up the economy, Prime Minister Moustafa Madbouly said.<\/li>\n<li><strong>valU snaps up Paynas:<\/strong> EFG Hermes\u2019 consumer finance arm valU <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/097d2cc1-96bd-4d28-aa94-8365488c1ea3\">has acquired<\/a> 100% of digital HR and payroll platform Paynas.<\/li>\n<li><strong>We\u2019re adding 500k tons to our silo capacity:<\/strong> The Supply Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f009177-3ac7-4b61-9068-c3635b4d41b9\">is building<\/a> wheat silos in Toshka with the capacity to hold 500k tons of grain.<\/li>\n<\/ul>\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><\/p>\n<p><strong>CBE Governor Hassan Abdalla will reportedly meet with senior bankers<\/strong>, his first such meeting since <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cc358ff9-00be-4503-bee9-00159279bfb6\">being appointed last week<\/a>. Abdalla was tapped to run the bank last Thursday after Tarek Amer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78814fcd-281c-4700-8678-fec2fdd95fc6\">stepped down unexpectedly<\/a> the day before.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>B Investments has just under a week to respond to Adnoc\u2019s bid for<\/strong><strong> TotalEnergies Egypt:<\/strong> Private equity outfit B Investments has until next Monday, 29 August, to decide <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90e11ce3-4b65-4ebd-acea-5404f9a60c86\">whether or not it wants to preempt<\/a> Adnoc Distribution\u2019s bid to acquire 50% of TotalEnergies Egypt. Adnoc <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b9feab20-0529-4fc8-b246-002709a00f77\">agreed last month<\/a> to buy the stake in a USD 203 mn transaction, which would see it acquire the entirety of B Investments\u2019 c.15.4% stake in the fuel distributor and a 34.6% stake from Total Energies Marketing Afrique.<\/p>\n<p><strong>PSA- Your deadline to catch a 65% break off late payment fines for your taxes is <\/strong><strong>coming up on 31 August<\/strong>. The waiver applies to late payment fees for customs tariffs, income, real estate, and sales taxes, VAT, and stamp duties among others. The remaining 35% of your due payments will need to be paid before next March.<\/p>\n<p><strong>Next week\u2019s National Dialogue board meeting has been postponed to the first week of <\/strong><strong>September<\/strong> after several members fell ill, <a href=\"https:\/\/bit.ly\/3QIxK38\">Cairo24<\/a> reports. Board member Negad El Borai confirmed the postponement on social media, but did not say what triggered it. Cairo24\u2019s source claims the meeting could now be held on 3 September. The meeting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c285d7e5-470e-491b-88a6-63e022ea2531\">was set to see<\/a> the board\u2019s members choose the rapporteurs for all of the committees and subcommittees of the social, political and economic tracks, and prepare the agenda and topics of discussion for the dialogue.<\/p>\n<p><strong>The Union of Arab Banks is organizing a forum on money laundering and terrorism <\/strong><strong>financing in Sharm El Sheikh <\/strong>from 1-3 September. Participating institutions include the Central Bank of Egypt and the Federation of Egyptian Banks, among others.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect temperatures to rise to a scorching 42\u00b0C during the day tomorrow before falling to 26\u00b0C at night, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends. Today is hump day \u2014 not yesterday, as we (however wishfully) declared it. It\u2019s not a particularly busy news day here at home, but we\u2019ve learned that these tides can change swiftly. THE BIG STORY TODAY Remittances hit a record high in FY2021-2022 for the second year in a row, growing 1.6% [&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":[104,633,2396,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-552259","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-economy","tag-enterprisepm","tag-remittances","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"c645c735-14d2-45a7-bc69-a58fed1f1122","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[552257],"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: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well - 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\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends. Today is hump day \u2014 not yesterday, as we (however wishfully) declared it. It\u2019s not a particularly busy news day here at home, but we\u2019ve learned that these tides can change swiftly. THE BIG STORY TODAY Remittances hit a record high in FY2021-2022 for the second year in a row, growing 1.6% [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-23T13:26:39+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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well\",\"datePublished\":\"2022-08-23T13:26:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/\"},\"wordCount\":722,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"economy\",\"EnterprisePM\",\"remittances\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/\",\"name\":\"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-08-23T13:26:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well\"}]},{\"@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\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/","og_locale":"en_US","og_type":"article","og_title":"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well","og_description":"Good afternoon, friends. Today is hump day \u2014 not yesterday, as we (however wishfully) declared it. It\u2019s not a particularly busy news day here at home, but we\u2019ve learned that these tides can change swiftly. THE BIG STORY TODAY Remittances hit a record high in FY2021-2022 for the second year in a row, growing 1.6% [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-08-23T13:26:39+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well","datePublished":"2022-08-23T13:26:39+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/"},"wordCount":722,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["economy","EnterprisePM","remittances","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/","name":"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2022-08-23T13:26:39+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/this-evening-remittances-are-at-a-record-high-again-eurozone-activity-slipped-in-august-and-the-eur-isnt-taking-it-well\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August \u2014 and the EUR isn\u2019t taking it well"}]},{"@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":631919,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/08\/this-evening-remittances-rise-72-8-y-o-y-in-may\/","url_meta":{"origin":552259,"position":0},"title":"THIS EVENING: Remittances rise 72.8% y-o-y in May","author":"enterpriseam admin","date":"8 July 2024","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy Monday. Today is the midway mark to this shorter business week. THE BIG STORY TODAY Remittances from Egyptians abroad surged 73.8% y-o-y in May to USD 2.7 bn, according to a statement (pdf) from the central bank. On a monthly basis, remittances increased\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\/6\/439.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663911,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/a-record-breaking-january-for-remittances\/","url_meta":{"origin":552259,"position":1},"title":"A record-breaking January for remittances","author":"enterpriseam admin","date":"16 April 2025","format":false,"excerpt":"Good afternoon, everyone. After a few busy days, it appears that the newscycle \u2014 at least on the home front \u2014 has taken a breather. THE BIG STORY TODAY- Remittances from Egyptians abroad continued their upward pace to kick off the year, rising by 83.2% y-o-y to USD 2.9 bn\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\/8\/1361.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548842,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/remittances-hit-all-time-high-in-fy2021-2022-driven-by-high-oil-prices-and-cds\/","url_meta":{"origin":552259,"position":2},"title":"Remittances hit all-time high in FY2021-2022, driven by high oil prices and CDs","author":"enterpriseam admin","date":"24 August 2022","format":false,"excerpt":"Remittances hit a record high for the second year running in FY 2021-2022, rising 1.6% y-o-y to USD 31.9 bn, according to central bank figures (pdf) released yesterday. Inflows rose 2.5% y-o-y to a record USD 8.3 bn in the final quarter of the fiscal year (April-June) amid soaring oil\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/369.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557374,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/16\/remittances-hit-record-high-in-fy2020-2021\/","url_meta":{"origin":552259,"position":3},"title":"Remittances hit record high in FY2020-2021","author":"enterpriseam admin","date":"16 September 2021","format":false,"excerpt":"Remittances hit a record high in FY2020-2021, growing more than 13% to USD 31.4 bn compared to USD 27.8 bn the previous fiscal year, according to central bank figures (pdf) released yesterday. Inflows rose almost 30% to USD 8.1 bn in 4Q, up from USD 6.2 bn in the same\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655875,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/25\/remittances-from-egyptians-abroad-double-y-o-y-in-september\/","url_meta":{"origin":552259,"position":4},"title":"Remittances from Egyptians abroad double y-o-y in September","author":"enterpriseam admin","date":"25 November 2024","format":false,"excerpt":"Good afternoon, all. It\u2019s another cold day here in the capital as we inch closer to the end of the fall season and prepare to welcome one chilly winter. THE BIG STORY TODAY- Remittances from Egyptians working abroad more than doubled y-o-y in September to hit USD 2.7 bn, according\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\/11\/1086.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554158,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/remittances-up-1-5-in-1q2021-2022\/","url_meta":{"origin":552259,"position":5},"title":"Remittances up 1.5% in 1Q2021-2022","author":"enterpriseam admin","date":"22 December 2021","format":false,"excerpt":"Remittances from Egyptians abroad were up 1.5% y-o-y to USD 8.1 bn in the first quarter of FY 2021-2022, the central bank announced in a statement (pdf). The quarterly figure rose despite September being a slow month, with remittances dipping 3% y-o-y to USD 2.6 bn. In August, remittances grew\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/450.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\/552259","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=552259"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552259\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/552257"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=552259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=552259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=552259"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=552259"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=552259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}