{"id":576817,"date":"2020-09-04T07:00:05","date_gmt":"2020-09-04T07:00:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/04\/your-top-5-pieces-of-business-and-economic-news-in-august\/"},"modified":"2020-09-04T07:00:05","modified_gmt":"2020-09-04T07:00:05","slug":"your-top-5-pieces-of-business-and-economic-news-in-august","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/04\/your-top-5-pieces-of-business-and-economic-news-in-august\/","title":{"rendered":"Your top 5 pieces of business and economic news in August"},"content":{"rendered":"<p>Your top 5 pieces of business and economic news in August:<\/p>\n<ul>\n<li>Egypt\u2019s non-oil private sector contracted at its slowest pace in a year in July, according to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aaa2b485-2ac7-44a7-a97c-5b3247eafeb0\">IHS Markit PMI figures<\/a>.<\/li>\n<li>The Finance Ministry is looking to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8cf11036-0d08-41a5-9a54-9abe42477f6a\">end tax exemptions<\/a> enjoyed by financial institutions on returns on government bonds.<\/li>\n<li>Blackstone energy developer Zarou <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/148bf7f1-b590-42b2-8f77-e44a860567d0\">plans to pump USD 1 bn<\/a> into Egypt\u2019s energy sector this year.<\/li>\n<li>Banque Misr could <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba1aca8d-d67e-4e0a-b930-ba08b6e3880b\">integrate CI Capital\u2019s brokerage, financial services, asset management, and non-banking financial services arms<\/a> into its operations after acquiring a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27ab4605-69a3-4180-8859-c884a3a6492e\">24.7% stake<\/a> in the company.<\/li>\n<li>The Central Bank of Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41f486c4-13d3-4238-91e8-68b36d3fc374\">left interest rates unchanged<\/a> for the fourth month running in its August meeting.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n","protected":false},"excerpt":{"rendered":"<p>Your top 5 pieces of business and economic news in August: Egypt\u2019s non-oil private sector contracted at its slowest pace in a year in July, according to IHS Markit PMI figures. The Finance Ministry is looking to end tax exemptions enjoyed by financial institutions on returns on government bonds. Blackstone energy developer Zarou plans to [&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":[204,576,1113,82,271,136,93,2604,276,349,7128,185,758,69,2611,3750],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576817","post","type-post","status-publish","format-standard","hentry","category-your-top-5","tag-banking","tag-banque-misr","tag-blackstone","tag-bonds","tag-central-bank-of-egypt","tag-ci-capital","tag-energy","tag-enterpriseyourwealth","tag-finance-ministry","tag-interest-rates","tag-ma-watch","tag-pmi","tag-private-equity","tag-tax","tag-your-top-5","tag-zarou","wpautop","entry"],"acf":{"mongo_id":"34c4f0d8-c7b9-46da-95e7-63cc4bd35aef","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[576806],"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 August - 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\/2020\/09\/04\/your-top-5-pieces-of-business-and-economic-news-in-august\/\" \/>\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 August\" \/>\n<meta property=\"og:description\" content=\"Your top 5 pieces of business and economic news in August: Egypt\u2019s non-oil private sector contracted at its slowest pace in a year in July, according to IHS Markit PMI figures. The Finance Ministry is looking to end tax exemptions enjoyed by financial institutions on returns on government bonds. Blackstone energy developer Zarou plans to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/04\/your-top-5-pieces-of-business-and-economic-news-in-august\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-04T07:00:05+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\/2020\/09\/04\/your-top-5-pieces-of-business-and-economic-news-in-august\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/04\/your-top-5-pieces-of-business-and-economic-news-in-august\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Your top 5 pieces of business and economic news in August\",\"datePublished\":\"2020-09-04T07:00:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/04\/your-top-5-pieces-of-business-and-economic-news-in-august\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"Banque Misr\",\"Blackstone\",\"Bonds\",\"Central Bank of Egypt\",\"CI Capital\",\"energy\",\"EnterpriseYourWealth\",\"Finance Ministry\",\"interest rates\",\"M&amp;A Watch\",\"PMI\",\"private equity\",\"tax\",\"YOUR TOP 5\",\"Zarou\"],\"articleSection\":[\"YOUR TOP 5\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/04\/your-top-5-pieces-of-business-and-economic-news-in-august\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/04\/your-top-5-pieces-of-business-and-economic-news-in-august\/\",\"name\":\"Your top 5 pieces of business and economic news in August - 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The statement doesn\u2019t specify which projects the company is planning to invest in, but Zarou was last year reported to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592962,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/zarou-is-egypts-top-contender-for-stake-in-siemens-power-plants\/","url_meta":{"origin":576817,"position":1},"title":"Zarou is Egypt\u2019s top contender for stake in Siemens power plants","author":"enterpriseam admin","date":"13 November 2019","format":false,"excerpt":"Zarou is the top contender for stake in Siemens power plants: Blackstone Group\u2019s Zarou is reportedly the frontrunner out of six investors looking to acquire a stake in the Siemens \/ Orascom Construction \/ Elsewedy combined-cycle power plants, unnamed Electricity Ministry sources tell Al Mal. The energy development company has\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/Electricity-power-plant-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598640,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/30\/is-egypts-electricity-ministry-on-a-privatization-drive\/","url_meta":{"origin":576817,"position":2},"title":"Is Egypt\u2019s Electricity Ministry on a privatization drive?","author":"enterpriseam admin","date":"30 May 2019","format":false,"excerpt":"Is the Electricity Ministry on a privatization drive? The Egyptian Electricity Holding Company (EEHC) could sell stakes in its electricity production and distribution subsidiaries to the private sector under an asset management program, former Egyptera head Hafez Salmawy said. The program, which Salmawy says is already in place, seeks to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593008,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/14\/actis-engie-datang-in-the-running-to-acquire-stake-in-egypts-combined-cycle-power-plants\/","url_meta":{"origin":576817,"position":3},"title":"Actis, Engie, Datang in the running to acquire stake in Egypt\u2019s combined-cycle power plants","author":"enterpriseam admin","date":"14 November 2019","format":false,"excerpt":"Actis, Engie, Datang in the running to acquire stake in Egypt\u2019s combined-cycle power plants: Actis, France\u2019s Engie, and China Datang Overseas Investment are all competing alongside Blackstone\u2019s Zarou to acquire a stake in the Siemens \/ Orascom Construction \/ Elsewedy Electric combined-cycle power plants, according to Bloomberg. 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