{"id":578863,"date":"2023-01-17T04:12:21","date_gmt":"2023-01-17T04:12:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/"},"modified":"2023-01-17T04:12:21","modified_gmt":"2023-01-17T04:12:21","slug":"this-morning-usd-inflows-rise-to-our-local-fx-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/","title":{"rendered":"THIS MORNING: USD inflows rise to our local FX market"},"content":{"rendered":"

Good morning, wonderful people, and a very happy hump day. <\/strong><\/p>\n

THE BIG STORY here at home this morning is the central bank\u2019s announcement of an <\/strong>upswing in foreign inflows to local banks<\/strong> through the local foreign exchange market and other sources in recent days, helping to clear the imports backlog at ports. Read on directly below for the full story.<\/p>\n

Elsewhere, rumors are swirling of a potential Gulf purchase of land and assets<\/strong> belonging to the state-owned parent company of Heliopolis Housing. And we bring you several silos worth of commodities news on everything from wheat, to corn, to subsidized bread.<\/p>\n

EGP WATCH-<\/strong> The EGP continued to hold more or less steady against the USD <\/strong>yesterday<\/strong>, falling 0.1% to settle at 29.66, down from 29.63<\/a> at Sunday\u2019s close, according to the official central bank rate. The currency remains down nearly 20% from its 24.79\/ USD level immediately before the central bank allowed it to slip further against the USD on 4 January, as authorities transition to a fully flexible exchange rate<\/a> as agreed with the IMF.<\/p>\n

<\/a> Foreign investors poured some USD 925 mn into our local foreign exchange <\/strong>market<\/strong> in the three days since last Wednesday, 11 January, when the EGP fell more than 16% to an all time low of more than 32.00 to the USD before rebounding, according to a central bank press release<\/a>. Interbank trading activity was up more than 20x on its recent daily average in the last three days, while FX inflows to banks were further boosted by local sources, remittances, and tourism, the central bank said, in what it called \u201cpositive indicators\u201d for the local exchange market.<\/p>\n

Not only hot money: <\/strong>Foreign investors are coming back to treasury bonds as well as short-term bills in a further sign of rising confidence abroad in our economy, Banque du Caire Chairman and CEO Tarek Fayed told El Hekaya\u2019s Amr Adeeb in a phone call (watch, runtime: 10:20<\/a>), noting that our credit default swaps and Eurobonds are performing better in the secondary market.<\/p>\n

The USD inflows allowed local banks to cover more than USD 2 bn of importers\u2019 requests since Wednesday, <\/strong>the CBE statement reads, in addition to requests from other clients. \u201cBanque du Caire provided USD 150 mn to importers in the last three days and there\u2019s currently very little demand for FX by importers,\u201d BdC\u2019s Fayed told El Hekaya. The story also got coverage from Bloomberg<\/a>, Reuters<\/a>, and Arab News<\/a><\/p>\n

So where does that leave the imports backlog at ports? <\/strong>There are still some USD 5.4 bn worth of imports stuck at our ports, Alaa Ezz, secretary-general of the Federation of Egyptian Chambers of Commerce (FEDCOC), was quoted as saying by Masrawy<\/a> yesterday. Some USD 3..4 bn of that is accounted for by bulk goods \u2014 oils, wheat, corn, and soy \u2014- that have likely remained in port storage silos at the request of importers who don\u2019t have the space to store them elsewhere, he added. Around USD 9.1 bn of goods were cleared from ports between 1 December at the end of last week<\/a>.<\/p>\n

Goodbye to 25% CDs from Banque Misr and the NBE? <\/strong>The two state-owned banks will withdraw within days the one-year, 25% certificates of deposit they introduced to the market<\/a> on 4 January to helo curb inflation and dollarization, local media cites both banks as saying yesterday.<\/p>\n

And hello to 25% CDs from Banque du Caire: <\/strong>The state-owned bank will soon introduce its own one-year, 25% CDs akin to those offered by the NBE and Banque Misr, BdC\u2019s Tarek Fayed told El Hekaya.<\/p>\n

Investors have so far poured more than EGP 300 bn into the record-high yield CDs<\/strong>: That includes some EGP 200 bn at the National Bank of Egypt, and EGP 104 bn at Banque Misr, Al Borsa<\/a> reports, citing the heads of the two banks.<\/p>\n

\n

WATCH THIS SPACE- Hassan Allam is working<\/strong> with the UK\u2019s export credit agency: <\/strong>Hassan Allam Holding and the UK\u2019s export credit agency, UK Export Finance, have signed an MoU to \u201cincrease cooperation in a number of projects across Africa,\u201d according to a joint statement (pdf)<\/a> yesterday. The agreement aims to \u201csecure inward investment into the UK and promote cooperation on financing projects and encourage trade between the UK and Africa as a whole,\u201d the statement said. The company declined to provide further information about the arrangement when we reached out yesterday.<\/p>\n

\n

THE BIG STORY ABROAD- It\u2019s all about China<\/strong> on the front pages of the international press this morning, as new data shows the country\u2019spopulation fell for the first time in decades<\/a> last year, while its GDP grew only 3%<\/a> \u2014 its slowest pace since 1976, excluding the pandemic year of 2020.<\/p>\n

\n

WHAT\u2019S HAPPENING TODAY- <\/strong><\/p>\n

Cairo is hosting an Egyptian-Jordanian-Palestinian summit today: <\/strong>Palestinian President Mahmoud Abbas arrived in Cairo<\/a> yesterday ahead of talks today with President Abdel Fattah El Sisi and Jordan\u2019s King Abdullah II.<\/p>\n

The <\/strong>Egyptian Exporters Association<\/a><\/strong> is celebrating its 25th anniversary<\/strong> today in an event at the St. Regis Cairo Hotel from 6 pm, according to an invite sent to Enterprise.<\/p>\n

IN THE HOUSE-<\/strong><\/p>\n

The House Economic Affairs Committee <\/strong>will today continue its discussion of the Unified Ins. <\/strong>Act<\/strong>, and Water and Irrigation Minister Hani Sewilam <\/strong>will face questions<\/a> from MPs.<\/p>\n

\n
\n
\n
\n

\n Get Enterprise<\/b> daily
\n <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n

CIRCLE YOUR CALENDAR-<\/strong><\/p>\n

It\u2019s that time of year again:<\/strong> The Cairo International Book Fair will open its doors to the public at the International Exhibition Center in New Cairo on 26 January, according to Youm7<\/a>. The event, which runs until 6 February, is expected to draw mns of visitors during the two weeks.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

enterprise<\/p>\n

*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n

In today\u2019s issue: <\/strong>The world is hotting up \u2014 and Egypt is no exception.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, wonderful people, and a very happy hump day. THE BIG STORY here at home this morning is the central bank\u2019s announcement of an upswing in foreign inflows to local banks through the local foreign exchange market and other sources in recent days, helping to clear the imports backlog at ports. Read on directly […]<\/p>\n","protected":false},"author":1,"featured_media":578864,"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":[7204],"tags":[726,576,1432,1419,72,890,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-banque-du-caire","tag-banque-misr","tag-cds","tag-egp","tag-enterpriseam","tag-hassan-allam-holding","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"82413afa-8ce0-4f25-a595-8a9db3523771","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/1\/270.jpg","photo_position":"above","related_issue":[578861],"teaser":"","voice_url":""},"yoast_head":"\nTHIS MORNING: USD inflows rise to our local FX market - 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\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: USD inflows rise to our local FX market\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people, and a very happy hump day. THE BIG STORY here at home this morning is the central bank\u2019s announcement of an upswing in foreign inflows to local banks through the local foreign exchange market and other sources in recent days, helping to clear the imports backlog at ports. Read on directly […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-17T04:12:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS MORNING: USD inflows rise to our local FX market\",\"datePublished\":\"2023-01-17T04:12:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/\"},\"wordCount\":1031,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Banque du Caire\",\"Banque Misr\",\"CDs\",\"EGP\",\"EnterpriseAM\",\"Hassan Allam Holding\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/\",\"name\":\"THIS MORNING: USD inflows rise to our local FX market - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-01-17T04:12:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THIS MORNING: USD inflows rise to our local FX market\"}]},{\"@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":"THIS MORNING: USD inflows rise to our local FX market - 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\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/","og_locale":"en_US","og_type":"article","og_title":"THIS MORNING: USD inflows rise to our local FX market","og_description":"Good morning, wonderful people, and a very happy hump day. THE BIG STORY here at home this morning is the central bank\u2019s announcement of an upswing in foreign inflows to local banks through the local foreign exchange market and other sources in recent days, helping to clear the imports backlog at ports. Read on directly […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-01-17T04:12:21+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS MORNING: USD inflows rise to our local FX market","datePublished":"2023-01-17T04:12:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/"},"wordCount":1031,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1","keywords":["Banque du Caire","Banque Misr","CDs","EGP","EnterpriseAM","Hassan Allam Holding","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/","name":"THIS MORNING: USD inflows rise to our local FX market - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1","datePublished":"2023-01-17T04:12:21+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS MORNING: USD inflows rise to our local FX market"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":578879,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/all-eyes-on-the-action-in-our-fx-market\/","url_meta":{"origin":578863,"position":0},"title":"All eyes on the action in our FX market","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"The international press is focusing on the return of foreign inflows to our FX market following the latest devaluation of the EGP (get the full story in What We\u2019re Tracking Today, above.) Bloomberg is also out with a recap on the recent movements in the EGP \/ USD rate as\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/277.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669535,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/04\/egp-continues-to-rise-against-greenback\/","url_meta":{"origin":578863,"position":1},"title":"EGP continues to rise against greenback","author":"enterpriseam admin","date":"4 August 2025","format":false,"excerpt":"Good afternoon, friends. It\u2019s a relatively calm day on the news front, and we\u2019ve got a brisk issue for you today.THE BIG STORY TODAY- The EGP extended its rally against the greenback today for the second consecutive week \u2014 with only a brief two-day pause, as the USD attempted to\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\/2025\/2\/1979.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563998,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/egypt-expects-usd-3-4-bn-bond-inflows-in-2h2021\/","url_meta":{"origin":578863,"position":2},"title":"Egypt expects USD 3-4 bn bond inflows in 2H2021","author":"enterpriseam admin","date":"2 August 2021","format":false,"excerpt":"Egypt expects to see USD 3-4 bn of foreign inflows into the bond market in 2H2021, Beltone Financial\u2019s chief economist Alia Mamdouh told Bloomberg Daybreak this morning (watch, runtime 4:39). Portfolio flows should pick up over the next six months if Egyptian debt is made \u201cEuroclearable\u201d and the country\u2019s local-currency\u2026","rel":"","context":"In "SPEED ROUND: ECONOMY"","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/340.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565045,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/remittance-inflows-survive-2020-despite-pandemic\/","url_meta":{"origin":578863,"position":3},"title":"Remittance inflows survive 2020 despite pandemic","author":"enterpriseam admin","date":"15 March 2021","format":false,"excerpt":"Egypt\u2019s remittance inflows defied expectations to grow more than 10% in 2020 despite the shock of the pandemic, a trend that may have been fuelled by the return of expats and high-interest savings products offered by banks, analysts tell us. Central bank data (pdf) released today reveals that remittance inflows\u2026","rel":"","context":"In "SPEED ROUND: ECONOMY"","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567092,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/13\/what-were-tracking-on-13-january-2020\/","url_meta":{"origin":578863,"position":4},"title":"What we\u2019re tracking on 13 January 2020","author":"enterpriseam admin","date":"13 January 2020","format":false,"excerpt":"The holiday news lull (such as it was this year) is officially over, as we have a packed issue for you this morning. The big stories are still on the international front (Libya, Ethiopia and Iran), but M&A news is back in the headlines and the CBE is shaping up\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579237,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/","url_meta":{"origin":578863,"position":5},"title":"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks","author":"enterpriseam admin","date":"31 January 2023","format":false,"excerpt":"Good morning, wonderful people, and a very happy last day of January to you all \u2014 8.3% of 2023 is now in our rearview mirror. Diplomacy and signs of life in the Madbouly government\u2019s privatization program dominate the news agenda this morning.TODAY\u2019S WEATHER- Remember that 10-day-long cold front we spoke\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.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\/578863","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=578863"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578863\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578864"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578863"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578863"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}