{"id":553279,"date":"2022-04-01T08:00:57","date_gmt":"2022-04-01T08:00:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/your-top-5-pieces-of-business-and-economic-news-in-march-2022\/"},"modified":"2022-04-01T08:00:57","modified_gmt":"2022-04-01T08:00:57","slug":"your-top-5-pieces-of-business-and-economic-news-in-march-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/your-top-5-pieces-of-business-and-economic-news-in-march-2022\/","title":{"rendered":"Your top 5 pieces of business and economic news in March 2022"},"content":{"rendered":"<p>Your top 5 pieces of business and economic news in March:<\/p>\n<ul>\n<li><strong>Surprise rate hike + EGP devaluation: <\/strong>The CBE convened a special meeting to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b55986a-5bf0-4548-a969-7607bcf4f50e\">raise rates<\/a> by 100 bps \u2014 its first hike in five years \u2014 and allowed the EGP to depreciate against the USD.<\/li>\n<li><strong>Massive tax incentives to help the medicine go down: <\/strong>The Madbouly government announced a package of incentives that would see <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d34fde27-bb5d-4393-8c4d-b149d636663d\">EGP 130 bn in tax relief<\/a> doled out, while moving up the timeline of already-planned social safety measures.<\/li>\n<li><strong>Another round of IMF funding? <\/strong>The government has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f0975edf-53e6-4124-90c6-965a54f7fc41\">requested support<\/a> from the IMF to mitigate the impact of the war in Ukraine on its economy.<\/li>\n<li><strong>Fresh batch of bread measures:<\/strong> The government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/29183830-0b02-47ca-9b6f-7227de89b93e\">upped its purchase price<\/a> for local wheat as part of a range of measures to secure supply amid the war between two of our key grain suppliers, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14d38998-c17f-4e56-b6e5-ddb78d1e04f9\">announced price caps<\/a> on unsubsidized bread.<\/li>\n<li><strong>Egypt successfully closed its maiden Samurai bond issuance<\/strong>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6170918c-d131-411e-a667-a3f24c66a66c\">selling USD 500 mn<\/a> (c.JPY 60 bn) of the JPY-denominated bonds in Japan.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Your top 5 pieces of business and economic news in March: Surprise rate hike + EGP devaluation: The CBE convened a special meeting to raise rates by 100 bps \u2014 its first hike in five years \u2014 and allowed the EGP to depreciate against the USD. Massive tax incentives to help the medicine go down: [&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-553279","post","type-post","status-publish","format-standard","hentry","category-your-top-5","tag-enterpriseyourwealth","tag-your-top-5","wpautop","entry"],"acf":{"mongo_id":"d04c34b6-48fb-4f8d-afac-68fdea8ec564","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[553269],"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 March 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\/04\/01\/your-top-5-pieces-of-business-and-economic-news-in-march-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 March 2022\" \/>\n<meta property=\"og:description\" content=\"Your top 5 pieces of business and economic news in March: Surprise rate hike + EGP devaluation: The CBE convened a special meeting to raise rates by 100 bps \u2014 its first hike in five years \u2014 and allowed the EGP to depreciate against the USD. Massive tax incentives to help the medicine go down: [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/your-top-5-pieces-of-business-and-economic-news-in-march-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-01T08:00:57+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\/04\/01\/your-top-5-pieces-of-business-and-economic-news-in-march-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/your-top-5-pieces-of-business-and-economic-news-in-march-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Your top 5 pieces of business and economic news in March 2022\",\"datePublished\":\"2022-04-01T08:00:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/your-top-5-pieces-of-business-and-economic-news-in-march-2022\/\"},\"wordCount\":174,\"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\/04\/01\/your-top-5-pieces-of-business-and-economic-news-in-march-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/01\/your-top-5-pieces-of-business-and-economic-news-in-march-2022\/\",\"name\":\"Your top 5 pieces of business and economic news in March 2022 - 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