{"id":576784,"date":"2020-07-03T07:00:53","date_gmt":"2020-07-03T07:00:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/03\/your-top-5-pieces-of-business-and-economic-news-in-may-2\/"},"modified":"2020-07-03T07:00:53","modified_gmt":"2020-07-03T07:00:53","slug":"your-top-5-pieces-of-business-and-economic-news-in-may-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/03\/your-top-5-pieces-of-business-and-economic-news-in-may-2\/","title":{"rendered":"Your top 5 pieces of business and economic news in May"},"content":{"rendered":"<p>Your top 5 pieces of business and economic news in June:<\/p>\n<ul>\n<li><strong>IMF <3 Egypt:<\/strong> The IMF approved a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e4b88b68-45c9-4f66-bbba-1e8999ee8f3f\">one-year USD 5.2 bn standby loan for Egypt<\/a> to help plug a balance of payments shortfall and finance its budget deficit.<\/li>\n<li><strong>Inflation at six-month lows:<\/strong> Inflation fell to a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8e44c93f-4611-4914-bf37-a9990128b4df\">six-month low<\/a> of 4.7% in May from 5.9% in April.<\/li>\n<li><strong>Gov\u2019t imposes healthcare price cap:<\/strong> The Health Ministry introduced a price cap on covid-19 treatment on all healthcare providers. The cap was initially set at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/734f1ee9-fded-4641-88ef-6fec7a4ca806\">EGP 10k\/day<\/a> but later allowed companies to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72b23cfd-007a-45fb-bee1-6263805e1954\">raise prices by another 20%<\/a>.<\/li>\n<li><strong>Private sector activity slightly less bad in May:<\/strong> Non-oil private sector business activity <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01aa96e1-9ef6-430b-93ef-9e3d81050632\">fell at a slower rate in May<\/a>, a month after the covid-19 pandemic caused the private sector to suffer its deepest contraction ever.<\/li>\n<li><strong><a href=\"https:\/\/enterprise.press\/2020\/06\/04\/enterprise-covid-19-reader-poll-results\/\">The Enterprise Covid-19 Poll<\/a><\/strong><strong>:<\/strong> One word characterizes the Egyptian economy right now: uncertainty. This is what you told us when we asked our readers in the days before the Eid El Fitr holiday how you\u2019re coping with covid.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n","protected":false},"excerpt":{"rendered":"<p>Your top 5 pieces of business and economic news in June: IMF<\/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":[107,7106,104,611,2604,7087,7115,272,182,527,185,2611],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576784","post","type-post","status-publish","format-standard","hentry","category-your-top-5","tag-covid-19","tag-debt","tag-economy","tag-enterprise-poll","tag-enterpriseyourwealth","tag-finance","tag-healthcare","tag-imf","tag-inflation","tag-pandemic","tag-pmi","tag-your-top-5","wpautop","entry"],"acf":{"mongo_id":"5d97565e-015d-49d3-b4f4-e2c730cbe3f9","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[576773],"teaser":"","voice_url":""},"yoast_head":"<!-- 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