{"id":579237,"date":"2023-01-31T04:12:48","date_gmt":"2023-01-31T04:12:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/"},"modified":"2023-01-31T04:12:48","modified_gmt":"2023-01-31T04:12:48","slug":"this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/","title":{"rendered":"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks"},"content":{"rendered":"

Good morning, wonderful people, and a very happy last day of January to you all <\/strong>\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.<\/p>\n

TODAY\u2019S WEATHER- Remember that 10-day-long cold front we spoke of <\/strong>yesterday? Add rain on the North Coast. <\/strong>Wind and light to medium rainfall is expected in several parts of the country today (though not in Cairo), according to a forecast<\/a> from the Egyptian Meteorological Authority. Rain will be heaviest in coastal areas including Alexandria.<\/p>\n

It\u2019s shaping up to be a busy news day:<\/p>\n

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

<\/a> FM Shoukry is in Moscow<\/strong>: Foreign Minister Sameh Shoukry traveled to Moscow last night for meetings with officials including his Russian counterpart Sergei Lavrov, according to a statement (pdf)<\/a>by our Foreign Ministry. The two ministers will hold a press conference following their meeting. \u201cThe visit will allow the Egyptian and Russian sides to consult and exchange views on several regional and international issues\u2026.including the Russian-Ukrainian crisis and its various ramifications,\u201d FM Spokesperson Ahmed Abu Zeid said.<\/p>\n

We keep a wide social circle: <\/strong>Shoukry\u2019s visit comes hot on the heels of his meeting yesterday with US Secretary of State Antony Blinken in Cairo. We have all the details on Blinken\u2019s visit to Egypt in our Diplomacy section, below.<\/p>\n

SAY BYE-BYE to high-interest CDs at NBE, Banque Misr, and Banque du Caire: <\/strong>Banque du Caire said it will join its state-owned peers National Bank of Egypt and Banque Misr in suspending<\/a> its one-year, 25% certificates of deposit by the end of the working day today, l<\/a>ocal media<\/a> reports. The high-interest CDs were introduced earlier this month<\/a> to combat inflation and dollarization ahead of therecent devaluation of the EGP<\/a>. Private lenders CIB and QNB Alahli are yet to announce when they will follow suit, though we expect all the high-yield CDs to be pulled off the market in tandem.<\/p>\n

AND- CI Capital\u2019s annual MENA Investor Conference continues today:<\/strong> The three-day event runs through to Wednesday, 1 February. The gathering opened yesterday<\/a> with an appearance by Prime Minister Moustafa Madbouly, who gave a run-down of the government\u2019s growth forecasts and fiscal targets, its efforts to address the economic crisis, and its strategy to boost private-sector investment. A parade of senior government officials followed, including members of the cabient economic team and the heads of the EGX and FRA, among others.<\/p>\n

How much will Subsidized Loan Program 2.0 cost the public purse? EGP 10 bn<\/strong>, according to Finance Minister Mohamed Maait, who spoke during a panel discussion at the conference yesterday. The program is set to offer EGP 150 bn worth of loans<\/a> at a subsidized 11% interest rate to industry and agriculture players. Maait added that the government is spending EGP 6 bn a year to subsidize electricity prices for the industrial sector.<\/p>\n

\n

EBRD + EU + GCF are holding a green finance event:<\/strong> The European Bank for Reconstruction and Development, the EU, the Green Economic Financing Facility<\/a>, and the Green Climate Fund<\/a> will hold a green finance event today at the Nile Ritz Carlton Hotel.<\/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

MARKET WATCH-<\/strong><\/p>\n

EGP WATCH- The EGP breached the 30 mark against the USD yesterday,<\/strong> dipping 0.4% against the greenback to 30.03 from 29.92 a day before, per the central bank exchange rate. The local currency has largely stabilized against the USD in recent days, following a sharper devaluation at the start of January that helped spur the return of foreign inflows and relieve a shortage of hard currency that had stymied imports. Trading on the interbank market continues to be active.<\/p>\n

More predictions of an incoming rate hike: <\/strong>The CBE will likely raise interest rates by 150 bps when it meets this Thursday on the back of surging inflation, according to a Reuters<\/a> poll. A median forecast of 13 analysts surveyed by the newswire sees the central bank hiking its deposit rate to 17.75% and its lending rate to 18.75% at the Monetary Policy Committee\u2019s (MPC) first meeting of the year.<\/p>\n

Those we spoke to agree: <\/strong>Four of the seven analysts and economists we surveyed in our rate poll<\/a> see the MPC raising rates by 100-200 bps later this week.<\/p>\n

Fed meeting kicks off today: <\/strong>The Federal Reserve is expected to continue to slow<\/a> the pace of its interest rate hikes when it holds its two-day policy meeting today and tomorrow.<\/p>\n

DATA POINT- <\/strong><\/p>\n

The outdoor advertising industry weathered economic turbulence last year:<\/strong> Total outdoor advertising rental sales rose 6.5% y-o-y to reach EGP 3.1 bn in 2022, according to outdoor ad platform Admazad\u2019s annual market<\/a>report (pdf)<\/a>. Some 1k companies used outdoor advertising last year, up 5.6% from 2021.<\/p>\n

Billboard buys are a telling sign as to who\u2019s faring well \u2014 and not so well: <\/strong>Fintech, snack foods, and real estate firms led the growth in ad buys, followed by fast food, e-commerce, and telecoms. Spending on ads dropped sharply in the automotive sector, as well as among charities and consumer electronics firms.<\/p>\n

\n

** <\/strong>TAKE OUR JANUARY ENTERPRISE READER SURVEY<\/a><\/strong> and get a chance to have lunch <\/strong>with us:<\/strong> Give us your thoughts on how 2022 panned out for your business and industry, and what you\u2019re expecting in the year ahead in our Enterprise Reader Survey.<\/p>\n

We\u2019re asking you to share your expectations<\/strong> on the EGP \/ USD rate in 2023, how you\u2019re managing expenses amid the rising cost of living, where you see your industry as a whole heading, and whether you expect to make fresh investments \u2014 among a few other questions we ask our community on a regular basis. As is our custom, we\u2019ll be sharing the results with all of you in a few weeks\u2019 time to help you shape your view of the year.<\/p>\n

You can <\/strong>take the Reader Survey here<\/a><\/strong> \u2014 it won\u2019t take more than a few minutes to complete.<\/p>\n

Want to have lunch with us?<\/strong> Leave your name, email, mobile number, and where you work in the box for \u201cIs there anything else you want to tell us.\u201d We\u2019ll be inviting eight participating readers to breakfast at one of our favorite restaurants.<\/p>\n<\/div>\n

BIG STORY ABROAD-<\/strong><\/p>\n

There\u2019s no one story dominating the conversation in the international <\/strong>press this morning. <\/strong>Some are highlighting yesterday\u2019s terror attack at a crowded mosque in Pakistan\u2019s Peshawar, which killed at least 59 people \u2014 including 27 police officials \u2014 and wounded more than 150 others. Reuters<\/a>, AP<\/a>, the BBC<\/a>, and the Guardian<\/a> have more. The Egyptian Foreign Ministry condemned the attack in a statement<\/a> yesterday.<\/p>\n

IN THE BUSINESS PAGES- (A little) more optimism on global growth from the IMF: <\/strong>The IMF has upgraded its global growth forecast for 2023 by 0.2 percentage points to 2.9% in its updated World Economic Outlook<\/a>. The multilateral lender was quick to point out that \u201cthe balance of risks remains tilted to the downside,\u201d noting that the expected growth is lower than the historical average of 3.8%. High interest rates, inflation, and the war in Ukraine will continue to slow economic growth this year, it said.<\/p>\n

Driving the change to the upside: <\/strong>China\u2019s recent reopening, which the IMF says \u201chas paved the way for a faster-than-expected recovery,\u201d as well as stronger-than-expected demand in advanced economies and cooler energy prices. The IMF is expecting growth to pick up to 3.1% in 2024. Bloomberg<\/a> and Reuters<\/a> have more.<\/p>\n

HAPPENING TOMORROW-<\/strong><\/p>\n

OPEC+ is <\/strong>meeting remotely<\/a><\/strong> and delegates are expecting the committee to keep oil <\/strong>output unchanged<\/strong> as global demand picks up. Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin discussed \u201ccooperation within OPEC+ to provide the stability of the global oil market\u201d over the phone yesterday, according to a Kremlin statement<\/a>.<\/p>\n

COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n

enterprise<\/p>\n

We\u2019re excited to unveil our next C-level event: <\/strong>The Enterprise FDI + Exports Forum, where we will take a deep dive into two of the most critical topics affecting our community.<\/p>\n

Exports and foreign direct investment (FDI) have never been more important to our economy<\/strong> \u2014 or our businesses \u2014 than in the wake of the float of the EGP. We think we have a once-in-a-lifetime chance to build an export-led economy<\/a> that makes us a magnet for FDI and all the benefits that will come with it for our nation.<\/p>\n

Want to join the conversation? <\/strong>Drop us a line on events@enterprisemea.com<\/a>.<\/p>\n

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

It\u2019s interest rate week here at home\u2026 <\/strong>The Central Bank of Egypt (CBE) is likely to hike interest rates when it meets on Thursday as inflation continues to run high, according to our interest rate poll<\/a>.<\/p>\n

We\u2019re still waiting to hear what\u2019s happening with fuel prices this quarter: <\/strong>The government\u2019s fuel pricing committee was due to meet earlier this month to set fuel prices for 1Q 2023. The government has increased prices at the pump by 23-28%<\/a> since April 2021, and decided on a rare fuel oil price hike last July.<\/p>\n

Expect prices to rise: <\/strong>The government has committed to changing local fuel prices in line with movements in the global markets under the USD 3 bn loan agreement<\/a> with the IMF.<\/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 suffered USD 313 bn in economic losses in 2022 due to natural disasters. We look at how to pay for the damage and build back resiliently.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 of yesterday? Add rain […]<\/p>\n","protected":false},"author":1,"featured_media":579238,"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":[726,1432,7106,6539,72,272,349,301,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-banque-du-caire","tag-cds","tag-debt","tag-egypt-russia-relations","tag-enterpriseam","tag-imf","tag-interest-rates","tag-sameh-shoukry","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"de12600e-5c52-4b3b-9f2e-856da5919035","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/1\/535.jpg","photo_position":"above","related_issue":[579235],"teaser":"","voice_url":""},"yoast_head":"\nTHIS MORNING: Last chance to buy high-yield CDs at state-owned banks - 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\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks\" \/>\n<meta property=\"og:description\" content=\"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 of yesterday? Add rain […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T04:12:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.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=\"8 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\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks\",\"datePublished\":\"2023-01-31T04:12:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/\"},\"wordCount\":1635,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Banque du Caire\",\"CDs\",\"debt\",\"Egypt-Russia relations\",\"EnterpriseAM\",\"IMF\",\"interest rates\",\"Sameh Shoukry\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/\",\"name\":\"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-01-31T04:12:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks\"}]},{\"@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: Last chance to buy high-yield CDs at state-owned banks - 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\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/","og_locale":"en_US","og_type":"article","og_title":"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks","og_description":"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 of yesterday? Add rain […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-01-31T04:12:48+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.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":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks","datePublished":"2023-01-31T04:12:48+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/"},"wordCount":1635,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.jpg?fit=%2C&ssl=1","keywords":["Banque du Caire","CDs","debt","Egypt-Russia relations","EnterpriseAM","IMF","interest rates","Sameh Shoukry","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/","name":"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.jpg?fit=%2C&ssl=1","datePublished":"2023-01-31T04:12:48+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/this-morning-last-chance-to-buy-high-yield-cds-at-state-owned-banks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS MORNING: Last chance to buy high-yield CDs at state-owned banks"}]},{"@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\/535.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/535.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\/535.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":578742,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/12\/this-morning-where-will-the-egp-go-next-here-are-6-questions-you-need-to-be-asking-today\/","url_meta":{"origin":579237,"position":0},"title":"THIS MORNING: Where will the EGP go next? Here are 6 questions you need to be asking today.","author":"enterpriseam admin","date":"12 January 2023","format":false,"excerpt":"Good morning folks, and happy THURSDAY. It\u2019s been a rollercoaster of a week \u2014 and it\u2019s not over yet: We\u2019ll be keeping a close eye on both today\u2019s interbank foreign currency auction as well as how the EGX reacts. THE BIG STORY here at home: No prizes for guessing that\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\/190.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554011,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/16\/this-morning-cbe-gathers-for-its-final-policy-meeting-today-new-gafi-services-unit-for-egx-listed-companies-schools-out-in-alexandria-again\/","url_meta":{"origin":579237,"position":1},"title":"THIS MORNING: CBE gathers for its final policy meeting today + new GAFI services unit for EGX-listed companies + school\u2019s out in Alexandria (again)","author":"enterpriseam admin","date":"16 December 2021","format":false,"excerpt":"Good morning, friends, and welcome to the final day of the workweek. We\u2019re looking forward to the weekend, even though our hopes of seeing Egypt in the Arab Cup final match on Saturday were dashed last night after the Pharaohs scored an own-goal in the last few seconds of their\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":546845,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/this-morning-shoukry-in-sweden-for-climate-talks-bike-sharing-is-coming-to-cairo-in-july\/","url_meta":{"origin":579237,"position":2},"title":"THIS MORNING: Shoukry in Sweden for climate talks; Bike-sharing is coming to Cairo in July","author":"enterpriseam admin","date":"31 May 2022","format":false,"excerpt":"Good morning, wonderful people, and welcome to the last business day of May. It\u2019s another busy news day, with the National Bank of Egypt and Banque Misr\u2019s decision to take their 18% CDs off the market leading this morning\u2019s headlines. Denizens of Planet Startup will also want to take note\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":563473,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/this-morning-big-opec-meeting-today-shoukry-in-ny-ahead-of-gerd-meeting-china-dunks-on-didi\/","url_meta":{"origin":579237,"position":3},"title":"THIS MORNING: Big OPEC+ meeting today; Shoukry in NY ahead of GERD meeting; China dunks on Didi.","author":"enterpriseam admin","date":"5 July 2021","format":false,"excerpt":"Good morning, friends \u2014 We open today\u2019s issue with good news: Wednesday is looking like the last time we will have to utter the words \u2019Ever Given\u2019 after the Suez Canal Authority said yesterday it will finally unshackle the container ship this week following an agreement with its owners. Though\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":563332,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/this-morning-imf-presser-today-shoukry-in-rome-for-anti-daesh-meeting-fake-vaccine-certificates-in-vogue-in-moscow\/","url_meta":{"origin":579237,"position":4},"title":"THIS MORNING: IMF presser today; Shoukry in Rome for anti-Daesh meeting; Fake vaccine certificates in vogue in Moscow.","author":"enterpriseam admin","date":"28 June 2021","format":false,"excerpt":"Good morning, everyone, and a very happy Monday to you all on this holiday-shortened week.WHAT\u2019S HAPPENING TODAY- The IMF is holding a virtual press conference today on the disbursal of the USD1.6 bn third and final tranche of our USD 5.2 bn standby loan, Al Shoroukreports. IMF mission chief Celine\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":585114,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/11\/this-morning-shoukry-in-athens-then-ankara-red-devils-clinch-the-egypt-cup\/","url_meta":{"origin":579237,"position":5},"title":"THIS MORNING: Shoukry in Athens \u2014 then Ankara? + Red Devils clinch the Egypt Cup","author":"enterpriseam admin","date":"11 April 2023","format":false,"excerpt":"Turkey\u2019s top diplomat says he and Shoukry will discuss resuming ties","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\/4\/458.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\/579237","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=579237"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579237\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/579235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/579238"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579237"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579237"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}