{"id":577538,"date":"2022-11-27T03:54:24","date_gmt":"2022-11-27T03:54:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/"},"modified":"2022-11-27T03:54:24","modified_gmt":"2022-11-27T03:54:24","slug":"egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/","title":{"rendered":"Egypt in the News: Our economy \u201cnot out of the woods\u201d yet, says Reuters"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.reuters.com\/markets\/egypt-not-out-woods-after-imf-rescue-deal-2022-11-25\/\">Reuters<\/a><\/strong><strong> is reporting that our economy is still in choppy waters<\/strong> even after reaching an agreement with the IMF for a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ddd263a4-f28f-47d4-90e2-e93c3db56a26\">USD 3 bn bailout package<\/a> last month. The newswire says investors remain wary of the Egyptian market given our high debt servicing bill against the backdrop of an FX shortage and further expected weakening of the EGP against the USD.<\/p>\n<p><strong>Also making headlines: <\/strong><\/p>\n<ul>\n<li><strong>More COP critique: <\/strong>Oil executives reportedly engaged in a flurry of fossil-fuel dealmaking on the sidelines of COP27. (<a href=\"https:\/\/www.ft.com\/content\/3fe55c62-9e51-40fc-9b26-77b14d741fae\">FT<\/a>)<\/li>\n<li><strong>The new administrative capital\u2019s landmark Egypt Mosque <\/strong>and the historic Sultan Hassan mosque tell a tale of two Cairos. (<a href=\"https:\/\/www.archpaper.com\/2022\/11\/government-center-under-construction-east-cairo-issues\/\">The Architect\u2019s Newspaper<\/a>)<\/li>\n<li><strong>Greek authorities arrested seven Egyptians <\/strong>suspected of attempting to smuggle migrants on a boat that was rescued in Cretan waters on its way from Libya to Italy. (<a href=\"https:\/\/apnews.com\/article\/europe-middle-east-africa-egypt-arrests-1444550888be9a17142fb812adc7a189\">AP<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Reuters is reporting that our economy is still in choppy waters even after reaching an agreement with the IMF for a USD 3 bn bailout package last month. The newswire says investors remain wary of the Egyptian market given our high debt servicing bill against the backdrop of an FX shortage and further expected weakening [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":577539,"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":[7233],"tags":[104,72,272],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-economy","tag-enterpriseam","tag-imf","wpautop","entry"],"acf":{"mongo_id":"fda8f286-0005-43f2-b67e-8e52e954146c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/422.jpg","photo_position":"above","related_issue":[577518],"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>Egypt in the News: Our economy \u201cnot out of the woods\u201d yet, says Reuters - 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\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in the News: Our economy \u201cnot out of the woods\u201d yet, says Reuters\" \/>\n<meta property=\"og:description\" content=\"Reuters is reporting that our economy is still in choppy waters even after reaching an agreement with the IMF for a USD 3 bn bailout package last month. The newswire says investors remain wary of the Egyptian market given our high debt servicing bill against the backdrop of an FX shortage and further expected weakening [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-27T03:54:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/422.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt in the News: Our economy \u201cnot out of the woods\u201d yet, says Reuters\",\"datePublished\":\"2022-11-27T03:54:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/\"},\"wordCount\":148,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/422.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\",\"IMF\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egypt-in-the-news-our-economy-not-out-of-the-woods-yet-says-reuters\/\",\"name\":\"Egypt in the News: Our economy \u201cnot out of the woods\u201d yet, says Reuters - 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The minister said\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\/10\/262.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579158,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/29\/economy-to-grow-4-8-this-fiscal-year-reuters-poll\/","url_meta":{"origin":577538,"position":1},"title":"Economy to grow 4.8% this fiscal year -Reuters poll","author":"enterpriseam admin","date":"29 January 2023","format":false,"excerpt":"The economy could grow more than the gov\u2019t thinks this fiscal year: The economy will grow at a 4.8% clip in FY 2022-2023, according to a Reuters poll of economists. That\u2019s down from 6.6% last year, but above government forecasts. The Madbouly government is currently predicting GDP growth to come\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/473.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563870,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/27\/egyptian-economy-to-grow-5-this-fiscal-year-reuters-poll\/","url_meta":{"origin":577538,"position":2},"title":"Egyptian economy to grow 5% this fiscal year -Reuters poll","author":"enterpriseam admin","date":"27 July 2021","format":false,"excerpt":"Egypt will grow at a 5% clip in FY2021-2022, according to a Reuters survey of analysts and economists. The figure is the same as expected by analysts in a similar poll by the newswire in April, but is slightly below the 5.4% targeted by the government and the 5.2% forecast\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/261.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579278,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/imf-trims-egypt-growth-forecast\/","url_meta":{"origin":577538,"position":3},"title":"IMF trims Egypt growth forecast","author":"enterpriseam admin","date":"1 February 2023","format":false,"excerpt":"The IMF has cut its economic growth forecast for Egypt, saying it sees GDP growing 4.0% this year, a 0.4 percentage point trim from its previous forecast in October, according to its updated World Economic Outlook released yesterday (here and here, pdf). That\u2019s in line with forecasts from the Madbouly\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/3.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544866,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/here-we-go-egypt-imf-confirm-talks-over-new-program\/","url_meta":{"origin":577538,"position":4},"title":"Here we go: Egypt, IMF confirm talks over new program","author":"enterpriseam admin","date":"24 March 2022","format":false,"excerpt":"It\u2019s official: The government has requested support from the IMF to mitigate the impact of the war in Ukraine on its economy. Statements from the IMF and cabinet yesterday confirmed that the two sides are in talks on a new program, though it remains unclear what kind of assistance the\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/336.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550127,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/16\/agreement-on-imf-loan-coming-very-soon-following-dc-meeting\/","url_meta":{"origin":577538,"position":5},"title":"Agreement on IMF loan coming \u201cvery soon\u201d following DC meeting","author":"enterpriseam admin","date":"16 October 2022","format":false,"excerpt":"Close, but no cigar: A meeting between Egyptian officials and the IMF yesterday ended with the two sides not yet able to announce an agreement on a long-awaited emergency loan package to the country. IMF staff and top Egyptian officials \u201cagreed to finalize their work to reach a staff-level agreement\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/230.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\/577538","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=577538"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577538\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577539"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577538"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577538"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}