{"id":559397,"date":"2021-01-20T03:39:21","date_gmt":"2021-01-20T03:39:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/"},"modified":"2021-01-20T03:39:21","modified_gmt":"2021-01-20T03:39:21","slug":"public-still-private-reuters-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/","title":{"rendered":"Public still > private, Reuters says"},"content":{"rendered":"

<\/a> Egyptian state-owned companies are \u201ceclipsing\u201d the private sector <\/strong>despite IMF-backed structural reforms<\/a> designed to reorientate the economy toward private sector growth, Reuters<\/a> writes. Revenues at 17 non-oil, public sector holding companies more than doubled from July 2016 to June 2019 to EGP 60.6 bn, while income after tax more than quadrupled, according to Reuters calculations using Finance Ministry data (pdf)<\/a>.<\/p>\n

Meanwhile, in the private sector:<\/strong> Non-oil private sector activity expanded in only five of the 36 months during the same period, Reuters says, pointing to the IHS \/ Markit Purchasing Managers Index<\/a>.<\/p>\n

Ready for the caveat? <\/strong>It\u2019s a bit of an apples to oranges comparison, as the PMI does not measure revenue or profit, but is a \u201ccomposite gauge\u201d that reflects the sentiment of purchasing managers at 400 private-sector companies. The gauge dipped into contraction territory in December after edging into expansion the month before.<\/p>\n

And please don\u2019t get us started on the many ways to gin up paper profits at moribund state holding companies\u2026<\/strong><\/p>\n

Still, Reuters is picking up on a theme the World Bank touched on recently<\/strong>, writing in a<\/a>report last month<\/a> that tax exemptions and weaknesses in antitrust legislation as applied to state-owned businesses have a dampening effect on private sector growth. The economic reform program, it said, is yet to make a meaningful impact on private investment, which continues to lag behind the historical average despite strong economic growth.<\/p>\n

Market effect plays a role here: There\u2019s been a pullback from foreign direct investment globally<\/strong> in the past four years amid turbulent conditions. Consider this: FDI in Egypt fell between 2016 and 2017 (and paused again in 2020 thanks to the pandemic), but the country\u2019s share of global FDI rose at the same time<\/a> even as the global market for investment shrank.<\/p>\n

High interest rates \u2014 necessary to lure in the carry trade and rebuild FX reserves \u2014 have been a big brake on private investment.<\/strong> With rates sky-high after the float of the EGP, we\u2019ve seen a three-year period in which it has made no sense for private-sector companies to take on debt to finance capital expenditures. Conventional wisdom among bankers is that capex borrowing will only start to stage a comeback later this year as rates continue to ease. And in the 12-18 months before the float, private investment stalled because FX simply wasn\u2019t available at the official market rate.<\/p>\n

The <\/strong>USD 5.2 bn standby loan<\/a><\/strong> agreed with the IMF last year is partly conditioned<\/strong> on the government making it easier for private firms to compete against SOEs and improving the transparency of public sector organizations.<\/p>\n

The story also notes that the privatization program is yet to deliver the goods<\/strong>, largely due to poor market conditions, most recently thanks to the slump in investor interest in emerging markets that accompanied the global pandemic.<\/p>\n

A new plan to bring the private sector into the fold?<\/strong> \u201cThe government plans to allow the private sector to manage several SOEs on behalf of the public sector in the transportation, tourism and housing sectors,\u201d a Finance Ministry spokesperson told Reuters. Meanwhile, the Sovereign Wealth Fund is shopping military-owned companies to private investors at home and abroad<\/a><\/strong>, starting with Wataniya Petroleum and bottled water producer Safi. The two subsidiaries of the military\u2019s NSPO could be fully privatized and will likely see 70-80% stakes offered to the private sector.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian state-owned companies are \u201ceclipsing\u201d the private sector despite IMF-backed structural reforms designed to reorientate the economy toward private sector growth, Reuters writes. Revenues at 17 non-oil, public sector holding companies more than doubled from July 2016 to June 2019 to EGP 60.6 bn, while income after tax more than quadrupled, according to Reuters calculations […]<\/p>\n","protected":false},"author":1,"featured_media":559398,"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":[9953],"tags":[72,272,125,100,156,9952,587,158,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reform","tag-enterpriseam","tag-imf","tag-investment-watch","tag-policy","tag-public-sector","tag-reform","tag-state-privatization-program","tag-state-owned-enterprises","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"936cdf03-a2c9-4246-abc4-9ab5092c40a5","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/241.jpg","photo_position":"above","related_issue":[559391],"teaser":"","voice_url":""},"yoast_head":"\nPublic still > private, Reuters says - 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\/2021\/01\/20\/public-still-private-reuters-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Public still > private, Reuters says\" \/>\n<meta property=\"og:description\" content=\"Egyptian state-owned companies are \u201ceclipsing\u201d the private sector despite IMF-backed structural reforms designed to reorientate the economy toward private sector growth, Reuters writes. Revenues at 17 non-oil, public sector holding companies more than doubled from July 2016 to June 2019 to EGP 60.6 bn, while income after tax more than quadrupled, according to Reuters calculations […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-20T03:39:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1\" \/>\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\/2021\/01\/20\/public-still-private-reuters-says\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Public still > private, Reuters says\",\"datePublished\":\"2021-01-20T03:39:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/\"},\"wordCount\":557,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"IMF\",\"investment watch\",\"policy\",\"public sector\",\"REFORM\",\"state privatization program\",\"state-owned enterprises\",\"World Bank\"],\"articleSection\":[\"REFORM\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/\",\"name\":\"Public still > private, Reuters says - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-01-20T03:39:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Public still > private, Reuters says\"}]},{\"@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":"Public still > private, Reuters says - 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\/2021\/01\/20\/public-still-private-reuters-says\/","og_locale":"en_US","og_type":"article","og_title":"Public still > private, Reuters says","og_description":"Egyptian state-owned companies are \u201ceclipsing\u201d the private sector despite IMF-backed structural reforms designed to reorientate the economy toward private sector growth, Reuters writes. Revenues at 17 non-oil, public sector holding companies more than doubled from July 2016 to June 2019 to EGP 60.6 bn, while income after tax more than quadrupled, according to Reuters calculations […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-01-20T03:39:21+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"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\/2021\/01\/20\/public-still-private-reuters-says\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Public still > private, Reuters says","datePublished":"2021-01-20T03:39:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/"},"wordCount":557,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","IMF","investment watch","policy","public sector","REFORM","state privatization program","state-owned enterprises","World Bank"],"articleSection":["REFORM"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/","name":"Public still > private, Reuters says - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1","datePublished":"2021-01-20T03:39:21+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/public-still-private-reuters-says\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Public still > private, Reuters says"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/241.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":569068,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/egypts-post-loan-imf-structural-reform-agreement-will-tackle-bureaucracy-says-amer\/","url_meta":{"origin":559397,"position":0},"title":"Egypt\u2019s post-loan IMF structural reform agreement will tackle bureaucracy, says Amer","author":"enterpriseam admin","date":"12 February 2020","format":false,"excerpt":"Egypt\u2019s post-loan IMF structural reform agreement will tackle bureaucracy, says Amer: Egypt is still in talks with the IMF over a post-loan structural reform agreement, which could focus on eliminating bureaucracy to clear a significant hurdle in attracting private sector investment, Central Bank of Egypt (CBE) Governor Tarek Amer said\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\/2\/165.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542964,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/26\/its-privatization-the-speed-metal-version\/","url_meta":{"origin":559397,"position":1},"title":"It\u2019s privatization, the speed-metal version","author":"enterpriseam admin","date":"26 January 2022","format":false,"excerpt":"Gov\u2019t to step up privatization efforts in coming months: The Madbouly government is planning to sell stakes in state-owned companies every month or two, Planning Minister Hala El Said told Reuters.Riding the e-Finance wave: State-owned e-payments firm e-Finance completed the EGX\u2019s biggest IPO since 2015 in October, attracting strong demand\u2026","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566058,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/25\/egypts-post-covid-growth-will-need-increased-private-sector-involvement-european-commission\/","url_meta":{"origin":559397,"position":2},"title":"Egypt\u2019s post-covid growth will need increased private sector involvement \u2013European Commission","author":"enterpriseam admin","date":"25 May 2021","format":false,"excerpt":"Egypt needs to involve the non-oil private sector in its sustainable covid recovery plan, according to an economic brief by the European Commission. The removal of non-tariff barriers and the levelling of the playing field between public and private companies should activate the private sector\u2019s potential for job creation and\u2026","rel":"","context":"In "SPEED ROUND: ECONOMY"","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543667,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/private-sector-eclipses-gasc-as-egypts-leading-wheat-importer\/","url_meta":{"origin":559397,"position":3},"title":"Private sector eclipses GASC as Egypt\u2019s leading wheat importer","author":"enterpriseam admin","date":"13 February 2022","format":false,"excerpt":"The private sector was Egypt\u2019s leading wheat importer last year: Private sector wheat imports surpassed purchases by the state-run General Authority for Supply Commodities (GASC) in 2021 \u2014 and could continue to lead Egypt\u2019s wheat imports, Reuters reports, citing industry experts.In numbers: The private sector imported 6.9 mn tonnes of\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/164.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561978,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/28\/economic-reform-program-mk-ii\/","url_meta":{"origin":559397,"position":4},"title":"Economic reform program, Mk. II","author":"enterpriseam admin","date":"28 April 2021","format":false,"excerpt":"Egypt will embark on a three-year program of structural reforms designed to support private sector-led economic growth and capitalize on recent economic reforms, Prime Minister Mostafa Madbouly and Planning Minister Hala El Said said at a press conference yesterday. The next round of reforms will target specific sectors of the\u2026","rel":"","context":"In "Policy"","block_context":{"text":"Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568214,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/22\/trade-transparency-private-investment-says-world-bank\/","url_meta":{"origin":559397,"position":5},"title":"Trade + transparency = private investment, says World Bank","author":"enterpriseam admin","date":"22 December 2020","format":false,"excerpt":"Egypt\u2019s private sector is yet to feel the benefits of the government\u2019s economic reforms, and although the economy has stabilized in recent years, policymakers must enact further structural changes if the country is to attract more private investment, the World Bank and the International Finance Corporation have said in a\u2026","rel":"","context":"In "PRIVATE SECTOR"","block_context":{"text":"PRIVATE SECTOR","link":"https:\/\/enterpriseam.com\/egypt\/category\/private-sector\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/374.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\/559397","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=559397"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559397\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/559398"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559397"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559397"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}