{"id":562106,"date":"2021-05-06T04:07:34","date_gmt":"2021-05-06T04:07:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/"},"modified":"2021-05-06T04:07:34","modified_gmt":"2021-05-06T04:07:34","slug":"what-the-markets-are-doing-on-6-may-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/","title":{"rendered":"What the markets are doing on 6 May 2021"},"content":{"rendered":"

<\/a> That commodities supercycle could be putting a damper on the global energy<\/strong> transition:<\/strong> Rising demand for raw materials used in clean energy technologies, including lithium and cobalt, are pushing up commodity prices and threatening to stall the transition to green energy, the International Energy Agency\u2019s Executive Director Fatih Birol tells theFinancial Times<\/a>. The soaring costs, which come as governments launch green stimulus packages and look to meet the goals of the Paris climate agreement, could ironically slow down the energy transition, Birol says. Investors need to begin developing new mines now to keep up with an anticipated jump in demand for these raw materials<\/strong>, particularly as a mining project takes some 16 years on average \u201cto go from discovery to first production.\u201d<\/p>\n

And speaking of commodities and inflation:<\/strong> Consumer-facing firms are struggling to keep pace with the increasing consumer demand and limited stockpiles, with Nestl\u00e9<\/a> and Colgate-Palmolive<\/a> already flagging price hikes as manufacturers in Europe and the US grapple with soaring commodity prices, IHS Markit\u2019s John Mothersole tells Bloomberg<\/a>. The jump in commodity prices, coupled with tight inventories of materials and logistical bottlenecks, indicates an acceleration in inflation \u2014 however transient it may be. Some economists and central bankers assume the price gains will be transitory, as covid-19 concerns and unemployment will eventually curb inflation.<\/p>\n

Saudi Arabia has cut oil prices for Asia as a covid-19 surge in India weighs on <\/strong>demand<\/strong>, reducing prices for the region between USD 0.10 and 0.30 \/ bbl, Bloomberg<\/a> reports.<\/p>\n

Inbound cross-border M&A in Europe worth more than USD 600 mn could soon be<\/strong> contingent on prior approval from the European Commission<\/strong> under a new proposal<\/a> that seeks to clamp down on acquisitions of European companies by firms receiving subsidies from foreign governments, CNBC<\/a> reports. Under the proposed rules, foreign companies looking to purchase European businesses would also be required to disclose the amount of funding they\u2019ve received before moving forward with a transaction. The proposal comes after years of state-backed Chinese M&A activity in Europe \u2014 including the 2016 Tencent acquisition of Supercell \u2014 that has seen it snap up major tech companies in the trade bloc.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

10,513<\/p>\n<\/td>\n

\n

+0.5% (YTD: -3.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 15.62<\/p>\n<\/td>\n

\n

Sell 15.72<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB<\/strong><\/p>\n<\/td>\n

\n

Buy 15.62<\/p>\n<\/td>\n

\n

Sell 15.72<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE<\/strong><\/p>\n<\/td>\n

\n

8.25% deposit<\/p>\n<\/td>\n

\n

9.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

10,252<\/p>\n<\/td>\n

\n

-0.7% (YTD: +18.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

6,116<\/p>\n<\/td>\n

\n
    \n
  • (YTD: +21.2%)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

2,650<\/p>\n<\/td>\n

\n

+0.2% (YTD: +6.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

4,168<\/p>\n<\/td>\n

\n

+0.1% (YTD: +11.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

7,039<\/p>\n<\/td>\n

\n

+1.7% (YTD: +9.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 68.91<\/p>\n<\/td>\n

\n

-0.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 2.95<\/p>\n<\/td>\n

\n

+0.3%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1,786.20<\/p>\n<\/td>\n

\n

+0.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 56,894.34<\/p>\n<\/td>\n

\n

+4.0%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The EGX30 rose 0.5% yesterday<\/strong> on turnover of EGP 896 mn (29.1% below the 90-day average). Foreign investors were net buyers. The index is down 3.1% YTD.<\/p>\n

In the green: <\/strong>Pioneers (+3.3%), Orascom Development (+2.5%) and Oriental Weavers (+1.9%).<\/p>\n

In the red: <\/strong>GB Auto (-2.4%), Credit Agricole (-1.6%) and Edita (-1.3%).<\/p>\n

It\u2019s largely clear skies for global markets this morning<\/strong>, with Asian indices uniformly in the green and futures suggesting shares in Europe, Wall Street and Bay Street are about to follow suit.<\/p>\n","protected":false},"excerpt":{"rendered":"

That commodities supercycle could be putting a damper on the global energy transition: Rising demand for raw materials used in clean energy technologies, including lithium and cobalt, are pushing up commodity prices and threatening to stall the transition to green energy, the International Energy Agency\u2019s Executive Director Fatih Birol tells theFinancial Times. The soaring costs, […]<\/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":[7210],"tags":[317,107,344,72,119,1404,182,746,3380,3116,122,185,150,219],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562106","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-commodities","tag-covid-19","tag-cryptocurrency","tag-enterpriseam","tag-financial-markets","tag-india","tag-inflation","tag-international-energy-agency","tag-janet-yellen","tag-nestle","tag-planet-finance","tag-pmi","tag-renewable-energy","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"53b75e6a-b878-43f5-bbcc-935de48f2231","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562086],"teaser":"","voice_url":""},"yoast_head":"\nWhat the markets are doing on 6 May 2021 - 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\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the markets are doing on 6 May 2021\" \/>\n<meta property=\"og:description\" content=\"That commodities supercycle could be putting a damper on the global energy transition: Rising demand for raw materials used in clean energy technologies, including lithium and cobalt, are pushing up commodity prices and threatening to stall the transition to green energy, the International Energy Agency\u2019s Executive Director Fatih Birol tells theFinancial Times. The soaring costs, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-06T04:07:34+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What the markets are doing on 6 May 2021\",\"datePublished\":\"2021-05-06T04:07:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/\"},\"wordCount\":475,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"commodities\",\"covid-19\",\"cryptocurrency\",\"EnterpriseAM\",\"Financial Markets\",\"India\",\"inflation\",\"International Energy Agency\",\"Janet Yellen\",\"Nestl\u00e9\",\"Planet Finance\",\"PMI\",\"renewable energy\",\"Saudi Arabia\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/\",\"name\":\"What the markets are doing on 6 May 2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-05-06T04:07:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What the markets are doing on 6 May 2021\"}]},{\"@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":"What the markets are doing on 6 May 2021 - 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\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/","og_locale":"en_US","og_type":"article","og_title":"What the markets are doing on 6 May 2021","og_description":"That commodities supercycle could be putting a damper on the global energy transition: Rising demand for raw materials used in clean energy technologies, including lithium and cobalt, are pushing up commodity prices and threatening to stall the transition to green energy, the International Energy Agency\u2019s Executive Director Fatih Birol tells theFinancial Times. The soaring costs, […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-05-06T04:07:34+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"What the markets are doing on 6 May 2021","datePublished":"2021-05-06T04:07:34+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/"},"wordCount":475,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["commodities","covid-19","cryptocurrency","EnterpriseAM","Financial Markets","India","inflation","International Energy Agency","Janet Yellen","Nestl\u00e9","Planet Finance","PMI","renewable energy","Saudi Arabia"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/","name":"What the markets are doing on 6 May 2021 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-05-06T04:07:34+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/what-the-markets-are-doing-on-6-may-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"What the markets are doing on 6 May 2021"}]},{"@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":581089,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/06\/sanctions-underinvestment-could-spell-trouble-for-global-energy-markets-warn-saudi-and-goldman\/","url_meta":{"origin":562106,"position":0},"title":"Sanctions, underinvestment could spell trouble for global energy markets, warn Saudi and Goldman","author":"enterpriseam admin","date":"6 February 2023","format":false,"excerpt":"Saudi Arabia warns of energy shortages following EU\u2019s oil sanctions against Russia.","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/oilfield-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562924,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/10\/the-annual-cost-of-net-zero-emissions-in-developing-countries-usd-1-tn\/","url_meta":{"origin":562106,"position":1},"title":"The annual cost of net-zero emissions in developing countries: USD 1 tn","author":"enterpriseam admin","date":"10 June 2021","format":false,"excerpt":"The annual cost of net-zero emissions in developing countries: USD 1 tn. Developing economies will need more than USD 1 tn in clean energy investments each year by 2030 if the world is going to achieve net-zero emissions by the middle of the century, the International Energy Agency (IEA) said\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-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":565950,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/iea-calls-for-halting-new-oil-and-gas-exploration-projects\/","url_meta":{"origin":562106,"position":2},"title":"IEA calls for halting new oil and gas exploration projects","author":"enterpriseam admin","date":"18 May 2021","format":false,"excerpt":"The International Energy Agency (IEA) is calling for an end to new oil and gas exploration to achieve net zero carbon dioxide emissions by 2050 and meet the Paris Agreement goals, the IEA said in its Net Zero by 2050 roadmap for the energy sector.This is a pretty big rethink\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559980,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/what-the-markets-are-doing-on-10-february-2021\/","url_meta":{"origin":562106,"position":3},"title":"What the markets are doing on 10 February 2021","author":"enterpriseam admin","date":"10 February 2021","format":false,"excerpt":"Cookie jar, meet hand: Saudi Arabia\u2019s central bank is about to undergo its biggest changes in decades in what may result in more of the country\u2019s hard currency reserves going to the country\u2019s sovereign wealth fund, where they can be used to pay for Mohammed bin Salman\u2019s ambitious projects, the\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-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":544153,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/14\/this-evening-new-cbe-decision-will-see-importers-need-letters-of-credit-to-buy-goods-starting-march-el-sisi-ratifies-unified-budget-act-egyps-is-underway\/","url_meta":{"origin":562106,"position":4},"title":"THIS EVENING: New CBE decision will see importers need letters of credit to buy goods starting March + El Sisi ratifies Unified Budget Act + Egyps is underway","author":"enterpriseam admin","date":"14 February 2022","format":false,"excerpt":"Happy Valentine\u2019s Day, ladies and gentlemen. The news cycle is still taking a breather this afternoon, but we expect this is the calm before some sort of storm. THE BIG STORIES TODAY SO FAR- #1- Importers need letters of credit to buy goods starting March: Banks have begun informing importers\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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":555273,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/el-molla-meets-us-energy-secretary-in-glasgow-is-more-iftc-finance-in-the-pipeline\/","url_meta":{"origin":562106,"position":5},"title":"El Molla meets US energy secretary in Glasgow + is more IFTC finance in the pipeline?","author":"enterpriseam admin","date":"8 November 2021","format":false,"excerpt":"Oil Minister Tarek El Molla met with US Secretary of Energy Jennifer Granholm at the COP26 summit in Glasgow, where they discussed energy cooperation, according to a ministry statement. El Molla had previously announced Egypt's participation in the NetZero World Initiative, launched by the US last week to accelerate the\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"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\/562106","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=562106"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562106\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562086"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562106"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562106"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}