{"id":576850,"date":"2020-11-06T07:00:34","date_gmt":"2020-11-06T07:00:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/06\/your-top-5-pieces-of-business-and-economic-news-in-october\/"},"modified":"2020-11-06T07:00:34","modified_gmt":"2020-11-06T07:00:34","slug":"your-top-5-pieces-of-business-and-economic-news-in-october","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/06\/your-top-5-pieces-of-business-and-economic-news-in-october\/","title":{"rendered":"Your top 5 pieces of business and economic news in October"},"content":{"rendered":"<p>Your top 5 pieces of business and economic news in October:<\/p>\n<ul>\n<li><strong>A changing of the guard at CIB:<\/strong> CIB chairman and managing director Hisham Ezz Al Arab was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17847e29-9c0f-43ba-a6e6-a84a525dcc22\">forced to step down<\/a> after the central bank alleged the bank had committed \u201cgross violations\u201d of regulations.<\/li>\n<li><strong>Private sector shows signs of life:<\/strong> Activity in Egypt\u2019s non-oil private sector <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7cf2f09d-16bf-411e-b934-a93fa98707dc\">expanded for the first in 14 months<\/a> in September following a pick up in consumer demand and rising business activity.<\/li>\n<li><strong>Bondholders <3 Egypt:<\/strong> Foreign holdings of EGP bonds <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3337ffd0-2efd-4abc-bc91-2adad57554aa\">have surged to USD 21.1 bn<\/a>, more than doubling from USD 10.4 bn in May, Mohamed Hegazy, head of the Finance Ministry\u2019s debt management unit, told Bloomberg.<\/li>\n<li><strong>The IMF is optimistic that covid hasn\u2019t dealt too much damage to government finances:<\/strong> The budget deficit will significantly narrow next year and revenues will pick up again, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe09d867-dea8-4f57-9725-da9e7b6b0ecb\">the IMF said in its Fiscal Monitor Report<\/a> during its annual meetings.<\/li>\n<li><strong>Green bonds go live in London:<\/strong> Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e508887d-5561-49ea-a75a-1afba7b99274\">listed USD 750 mn of green bonds<\/a> on the London Stock Exchange following the issuance at the end of September.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n","protected":false},"excerpt":{"rendered":"<p>Your top 5 pieces of business and economic news in October: A changing of the guard at CIB: CIB chairman and managing director Hisham Ezz Al Arab was forced to step down after the central bank alleged the bank had committed \u201cgross violations\u201d of regulations. Private sector shows signs of life: Activity in Egypt\u2019s non-oil [&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":[82,864,2082,271,240,107,7106,2604,224,2307,272,125,431,527,185,2611],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576850","post","type-post","status-publish","format-standard","hentry","category-your-top-5","tag-bonds","tag-budget-deficit","tag-carry-trade","tag-central-bank-of-egypt","tag-cib","tag-covid-19","tag-debt","tag-enterpriseyourwealth","tag-green-bonds","tag-hisham-ezz-al-arab","tag-imf","tag-investment-watch","tag-london-stock-exchange","tag-pandemic","tag-pmi","tag-your-top-5","wpautop","entry"],"acf":{"mongo_id":"534c0861-19f0-47a0-ba43-e26b6bf712c3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[576839],"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 October - 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\/11\/06\/your-top-5-pieces-of-business-and-economic-news-in-october\/\" \/>\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 October\" \/>\n<meta property=\"og:description\" content=\"Your top 5 pieces of business and economic news in October: A changing of the guard at CIB: CIB chairman and managing director Hisham Ezz Al Arab was forced to step down after the central bank alleged the bank had committed \u201cgross violations\u201d of regulations. 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