{"id":578947,"date":"2023-01-19T04:15:08","date_gmt":"2023-01-19T04:15:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/"},"modified":"2023-01-19T04:15:08","modified_gmt":"2023-01-19T04:15:08","slug":"pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/","title":{"rendered":"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price"},"content":{"rendered":"

<\/a> Prime Minister Moustafa Madbouly has good news for manufacturers and growers: <\/strong>In a press conference following yesterday\u2019s weekly cabinet meeting, the PM announced the approval of new 11% subsidized loans for industry and agriculture as well as a 40% y-o-y increase in the price the state will pay local farmers for wheat this season.<\/p>\n

IMPORTS BACKLOG-<\/strong><\/p>\n

Import backlog down, 2022 exports up: <\/strong>In other positive indicators for our economy, Madbouly said the imports backlog at ports had been all but cleared and gave some promising preliminary figures for last year\u2019s exports. Cabinet has a summary of the press conference in a statement here<\/a>; watch it yourself here (watch, runtime: 21:19<\/a>); or get the key points below.<\/p>\n

Some USD 2.2 bn worth of goods at ports: <\/strong>The current backlog of imported goods at our ports stands at some USD 5.3 bn, Madbouly said, of which more than half (USD 3 bn) is pending documents from importers rather than hard currency to be released. The government worked to clear goods worth some USD 4.8 bn in four days last week, Madbouly added, putting the total value cleared since 1 December at some USD 13.9 b<\/a>n<\/a> by our math.<\/p>\n

\n Senior bankers we\u2019ve spoken with agree that the backlog is quickly dwindling<\/strong>, but we not that we\u2019ve yet to see what a substantial uptick in demand will mean as businesses place new orders.<\/p>\n

FAIR POINT- <\/strong>Madbouly said that the regular flow of goods through ports means we shouldn\u2019t be waiting for the value of goods at ports waiting for clearance to hit \u201c0\u201d for proof that the backlog has been solved, pointing to much improved FX liquidity and exchange-rate stability in the local market in recent days as promising signs.<\/p>\n

On that note:<\/strong> The central bank has once again<\/a> asked banks to provide it with estimates of their manufacturing clients\u2019 hard currency needs through the end of the current fiscal year in June 2023, according to an unconfirmed report in Bloomberg Asharq<\/a>.<\/p>\n

EXPORTS-<\/strong><\/p>\n

On the other side of the FX ledger: Egypt\u2019s <\/strong>total<\/strong> exports grew at a nearly 20% clip in 2022<\/strong> to register a preliminary USD 53.8 bn, up from around USD 45 bn in 2021, while our non-oil imports remained unchanged at around USD 80 bn, Madbouly said. The export data got more coverage from Reuters<\/a>. (Non-oil exports in 2021 came in about USD 31 bn.)<\/p>\n

WATCH THIS SPACE ON TAX, USD- <\/strong><\/p>\n

Madbouly set the stage for imminent announcements on the state\u2019s new tax policy<\/strong>, saying the Finance Ministry would reveal its five- and ten-year tax policy document<\/a> at a press conference \u201cin the coming period.\u201d He also said the government has a plan to ensure the availability of USD in the local market throughout 2023 with a \u201cset of measures that will be announced when they are fully crystallized.\u201d<\/p>\n

SUBSIDIZED LOANS-<\/strong><\/p>\n

Businesses in the industry and agriculture sectors can apply for <\/strong>11% subsidized loans<\/a><\/strong> starting next week <\/strong>after cabinet approved the EGP 150 bn program in its weekly meeting, according to a statement<\/a>. The new initiative comes to replace the 8% subsidized loans to industry, agriculture, and construction players that were scrapped by the central bank<\/a> in November.<\/p>\n

BACKGROUND- <\/strong>The state is using its own balance sheet to subsidize the cost of the loans \u2014 taking over a program that had previously been the province of the Central Bank of Egypt. The IMF had pushed Egypt to move responsibility for the program \u2014 which lent to strategic sectors and initiatives (including, at a time, mortgage finance) at below-market rates \u2014 to the fiscal side of the house.<\/p>\n

WHEAT-<\/strong><\/p>\n

Gov\u2019t raises the local wheat purchase price by more than 40% y-o-y: <\/strong>The state will pay local farmers EGP 1.25k per ardeb of wheat in the 2023 season that kicks off in April, up 25% on the EGP 1k it had previously penciled in for this year<\/a> \u2014 and more than 40% higher than last year\u2019s price \u2014 cabinet decided yesterday. The state is hoping to give farmers incentives to produce more amid high inflation and rising import costs<\/strong>. The spiraling prices of both agricultural inputs and food imports helped drive food prices up 37.2% y-o-y<\/a> in December. The government is hoping to buy 4 mn tons<\/a> of wheat this harvest season, slightly less than the 4.2 mn tons it procured last year. Reuters<\/a> has the story.<\/p>\n

Expect the government to soon announce new pricing for other strategic commodities it wants to buy<\/strong> including corn, soybeans, and sunflowers, Madbouly added. All three are production inputs for cooking oils, an industry the state is working to localize.<\/p>\n","protected":false},"excerpt":{"rendered":"

Prime Minister Moustafa Madbouly has good news for manufacturers and growers: In a press conference following yesterday\u2019s weekly cabinet meeting, the PM announced the approval of new 11% subsidized loans for industry and agriculture as well as a 40% y-o-y increase in the price the state will pay local farmers for wheat this season. IMPORTS […]<\/p>\n","protected":false},"author":1,"featured_media":578948,"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":[7306],"tags":[282,901,7106,72,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-data","tag-debt","tag-enterpriseam","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"e9c93016-3587-46a9-88ba-684c1db237c5","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/326.jpg","photo_position":"above","related_issue":[578942],"teaser":"","voice_url":""},"yoast_head":"\nPM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price - 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\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Moustafa Madbouly has good news for manufacturers and growers: In a press conference following yesterday\u2019s weekly cabinet meeting, the PM announced the approval of new 11% subsidized loans for industry and agriculture as well as a 40% y-o-y increase in the price the state will pay local farmers for wheat this season. IMPORTS […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-19T04:15:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.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=\"4 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\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price\",\"datePublished\":\"2023-01-19T04:15:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/\"},\"wordCount\":755,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.jpg?fit=%2C&ssl=1\",\"keywords\":[\"cabinet watch\",\"data\",\"debt\",\"EnterpriseAM\",\"wheat\"],\"articleSection\":[\"Cabinet watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/\",\"name\":\"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-01-19T04:15:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price\"}]},{\"@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":"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price - 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\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/","og_locale":"en_US","og_type":"article","og_title":"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price","og_description":"Prime Minister Moustafa Madbouly has good news for manufacturers and growers: In a press conference following yesterday\u2019s weekly cabinet meeting, the PM announced the approval of new 11% subsidized loans for industry and agriculture as well as a 40% y-o-y increase in the price the state will pay local farmers for wheat this season. IMPORTS […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-01-19T04:15:08+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.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":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price","datePublished":"2023-01-19T04:15:08+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/"},"wordCount":755,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.jpg?fit=%2C&ssl=1","keywords":["cabinet watch","data","debt","EnterpriseAM","wheat"],"articleSection":["Cabinet watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/","name":"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.jpg?fit=%2C&ssl=1","datePublished":"2023-01-19T04:15:08+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/pm-madbouly-talks-all-things-econ-as-cabinet-approves-subsidized-loans-to-industry-bumps-state-wheat-procurement-price\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"PM Madbouly talks all things econ as cabinet approves subsidized loans to industry, bumps state wheat procurement price"}]},{"@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\/326.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/326.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\/326.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":638201,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/11\/pm-madbouly-addresses-last-weeks-global-markets-meltdown\/","url_meta":{"origin":578947,"position":0},"title":"PM Madbouly addresses last week\u2019s global markets meltdown","author":"enterpriseam admin","date":"11 August 2024","format":false,"excerpt":"The hot money that exited Egypt\u2019s debt markets last week totaled 7-8% of total foreign investment in the market -Madbouly","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/822.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578747,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/12\/industry-and-agriculture-to-get-fresh-subsidized-loans-at-a-higher-11-rate\/","url_meta":{"origin":578947,"position":1},"title":"Industry and agriculture to get fresh subsidized loans at a higher 11% rate","author":"enterpriseam admin","date":"12 January 2023","format":false,"excerpt":"Gov\u2019t plans EGP 150 bn subsidized loan program for industry and agriculture: The Madbouly government is set to offer EGP 150 bn worth of loans at a subsidized 11% interest rate to industry and agriculture players, according to a cabinet statement. The program is set to launch next week, immediately\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/192.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581091,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/06\/romania-to-increase-wheat-exports-to-egypt\/","url_meta":{"origin":578947,"position":2},"title":"Romania to increase wheat exports to Egypt","author":"enterpriseam admin","date":"6 February 2023","format":false,"excerpt":"Egypt and Romania plan to boost trade.","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouy-Romania-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579164,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/29\/industrial-investors-to-get-6-month-grace-period-from-late-delivery-penalties\/","url_meta":{"origin":578947,"position":3},"title":"Industrial investors to get 6-month grace period from late delivery penalties","author":"enterpriseam admin","date":"29 January 2023","format":false,"excerpt":"Gov\u2019t to give industrial investors some breathing room: The Madbouly cabinet approved giving the Industrial Development Authority (IDA) the power to cancel or discount penalties to industrial players that fail to deliver projects on time, it said in a statement following its weekly meeting. Projects delayed on the back of\u2026","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/477.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627092,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/madbouly-cabinet-officially-approves-state-privatization-program\/","url_meta":{"origin":578947,"position":4},"title":"Madbouly Cabinet officially approves state privatization program","author":"enterpriseam admin","date":"19 July 2018","format":false,"excerpt":"CABINET WATCH- The Madbouly Cabinet officially signed off yesterday on the state privatization program, according to a statement. The statement provides no further details on the program, including the size of the offerings, or the timeline. The cabinet had announced on Tuesday that five already-listed state companies will pilot the\u2026","rel":"","context":"In "Speed Round"","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":547130,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/of-export-bans-and-self-reliance\/","url_meta":{"origin":578947,"position":5},"title":"Of export bans and self reliance","author":"enterpriseam admin","date":"9 June 2022","format":false,"excerpt":"No staple food exports for another three months as we look to raise local harvests: The Trade Ministry has extended by three months its March ban on exports of wheat, flour, corn, lentils, pasta, fava beans, and vegetable oils, the state-owned MENA news agency reports.Exports of any \u201cexcess\u201d supplies of\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/210.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\/578947","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=578947"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578947\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578948"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578947"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578947"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}