{"id":586404,"date":"2023-05-10T00:00:00","date_gmt":"2023-05-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/"},"modified":"2023-05-10T00:00:00","modified_gmt":"2023-05-10T00:00:00","slug":"this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/","title":{"rendered":"THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good afternoon, nice people, and happy almost-THURSDAY to us all.<\/span><span style=\"\"> Today\u2019s news cycle is<\/span><span style=\"font-weight:400;\"> heavily dominated by economy-focused stories, both here at home and in the international press. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/575.jpg?ssl=1\"\/><\/a><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We\u2019re only five days away from meeting with some of you at the Enterprise Exports and <\/span><span style=\"font-weight:700\">FDI Forum,<\/span><span> taking place at the Four Seasons at the Nile Plaza on<\/span><span style=\"font-weight:700;\"> Monday, 15 May. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We\u2019re proud to announce that our friend Karim Abou Ghali, chairman and CEO of Pasta Regina, is joining us for the forum. Are you?<\/span><span> Karim Abou Ghali is going to be sharing his secret sauce (no pun intended) for how he grew his exports. He will be joined on stage by <\/span><span style=\"font-weight:700\">Mark Wyllie<\/span><span>, CEO of Beyti, and <\/span><span style=\"font-weight:700\">Hossam Sallab<\/span><span style=\"font-weight:400;\">, CEO and vice-chairman of Sallab Group and Royal Ceramica who will discuss the fundamentals for setting up an export business and an FDI strategy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">More speakers to come:<\/span><span> Among the CEOs, top execs, bankers, and development finance folks speaking at the conference are (in no particular order): <\/span><span style=\"font-weight:700\">Yasmine Khamis,<\/span><span> chair of the Orientals Group; <\/span><span style=\"font-weight:700\">Tarek Kamel<\/span><span>, CEO of Nestle Egypt; <\/span><span style=\"font-weight:700\">Omar Elsahy<\/span><span>, general manager of Amazon Egypt, <\/span><span style=\"font-weight:700\">Khaled Morsy<\/span><span>, CEO of DB Schenker Egypt; <\/span><span style=\"font-weight:700\">Shady William<\/span><span>, managing director of IDG; <\/span><span style=\"font-weight:700\">Mohamed Talaat Khalifa<\/span><span>, CEO of Concrete; <\/span><span style=\"font-weight:700\">Abdallah Sallam<\/span><span>, CEO of Madinet Masr; <\/span><span style=\"font-weight:700\">Tarek Hosny<\/span><span>, head of investments and projects at Fertiglobe; <\/span><span style=\"font-weight:700\">Nadia El-Tawil<\/span><span>, investment officer at AfricInvest; <\/span><span style=\"font-weight:700\">Mostafa Bedair<\/span><span>, CEO of Giza Seeds and Herbs; <\/span><span style=\"font-weight:700\">Helmy Ghazi,<\/span><span> deputy CEO of HSBC Egypt; <\/span><span style=\"font-weight:700\">Nada El Ahwal<\/span><span>, CSO of Transmar;<\/span><span style=\"font-weight:700\"> Hassan Massoud<\/span><span>, associate director and head of private equity (Southern Mediterranean) at the EBRD;<\/span><span style=\"font-weight:700\"> Cheick-Oumar Sylla<\/span><span>, director for North Africa and the Horn of Africa at the IFC; <\/span><span style=\"font-weight:700\">Hossam Abou Moussa<\/span><span> of partner at Apis; <\/span><span style=\"font-weight:700\">Yassir Zouaoui,<\/span><span> partner at McKinsey; and <\/span><span style=\"font-weight:700\">Mohamed El Gebely<\/span><span style=\"font-weight:400;\">, Team Leader at USAID Trade.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Topics and live interviews will include:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Why exports and FDI are the way forward and what lessons have worked from around the world;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to attract foreign partners and figure out what they are looking for;<\/span><\/li>\n<li><span style=\"font-weight:400;\">What lessons can we draw from white goods, fertilizers, and garments exporters who have increased our exports;<\/span><\/li>\n<li><span style=\"font-weight:400;\">What are the fundamentals to creating an export and \/ or FDI strategy;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How industrial clusters could expedite exports and FDI and is a possibly avenue for SME development;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How Egypt\u2019s industries need to be open to evolution to become more competitive.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#agenda\" style=\"\">Tap or click here to explore the full agenda<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#agenda\" style=\"\">and speaker bios<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\"><br \/>** Have you confirmed your attendance?<\/span><span style=\"font-weight:400;\"> Invitations have been sent out over the past few weeks. If you have yet to confirm your attendance and would still like to join us, please reply to the invitation with an RSVP.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORIES TODAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">#1- Inflation eased in April for the first time since June 2022<\/span><span style=\"\">, thanks to a<\/span><span> slowdown in food price growth and a favorable base effect. Annual urban inflation in April came in at 30.6%, cooling down from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fed48338-9c78-413e-93c0-e2bc59f52ec4\" style=\"\">32.7% the month before<\/a><\/span><span>, according to figures from Capmas. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#2- Another Moody\u2019s downgrade coming?<\/span><span style=\"\"> Moody\u2019s has placed Egypt\u2019s long term local- and<\/span><span> foreign-currency issuer ratings \u201con review for downgrade,\u201d due to \u201cincreasing liquidity and debt affordability risks,\u201d according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/584.pdf\" style=\"\">press release (pdf)<\/a><\/span><span>. This comes a few months after the ratings agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6410f1ca-48c0-44a5-bb82-331386644ca4\" style=\"\">in February cut Egypt\u2019s rating to B3<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY ABROAD<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The international business press is leading this afternoon with two stories coming out of<\/span><span style=\"font-weight:700\"> the US:<\/span><span> Upcoming inflation data and the continued standoff over the country\u2019s debt ceiling. Analysts and economists are broadly expecting US inflation to have remained \u201cstubbornly high\u201d in April, with the market keeping an eye on inflation figures due out later today. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/05\/09\/stock-market-today-live-updates.html\" style=\"\">CNBC<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/us-inflation-april-2023-consumer-price-index-48f0eac5?mod=hp_lead_pos1\" style=\"\">WSJ<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/38c56ada-dba3-425b-9d5e-5494d12a3877\" style=\"\">Financial Times<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING LATER TODAY- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Google\u2019s I\/O 2023 keynote kicks off this evening at 8pm Cairo time (1pm ET)<\/span><span style=\"\">, where<\/span><span> Google CEO Sundar Pichai is expected to deliver remarks to a limited live audience in California. The event will be available to watch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/io.google\/2023\/\" style=\"\">here<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=cNfINi5CNbY\" style=\"\">here<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What can you expect to see at the keynote?<\/span><span style=\"\"> Google is reportedly set to unveil its first foldable<\/span><span> smartphone, the Pixel Fold, which will reportedly be marketed as \u201cwater-resistant and pocket-sized,\u201d <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/04\/18\/google-pixel-fold-release-date.html\" style=\"\">CNBC<\/a><\/span><span> reported last month, citing company documents it saw. <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/techcrunch.com\/2023\/05\/09\/google-i-o-2023-is-next-week-heres-what-were-expecting\/\" style=\"\">TechCrunch<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theverge.com\/2023\/5\/8\/23712615\/google-io-2023-what-to-expect-time-date-streaming\" style=\"\">the Verge<\/a><\/span><span style=\"font-weight:400;\"> also have rundowns of what to watch for. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">** CATCH UP QUICK<\/span><span style=\"\"> on the top stories from today\u2019s <\/span><span style=\"font-weight:700\">EnterpriseAM<\/span><span style=\"font-weight:400;\">:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Our first proper look at the new budget:<\/span><span> Yesterday <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3ab6ab6-4c7d-4e04-a322-4b5b202f592a\" style=\"\">we got our first look<\/a><\/span><span style=\"font-weight:400;\"> at the Madbouly government\u2019s spending plans and fiscal projections for FY 2023-2024 as Finance Minister Mohamed Maait delivered his budget statement to the House.<\/span><\/li>\n<li><span style=\"font-weight:700\">Abu Dhabi wealth fund ADQ is reportedly <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dd221876-b0a3-4992-9cad-c8b63eb535a8\" style=\"\">close to acquiring<\/a><\/span><span style=\"font-weight:700\"> a 20-25% stake in Egyptian Linear Alkyl Benzene<\/span><span style=\"font-weight:400;\"> (Elab), with the transaction expected to close before the end of this month. <\/span><\/li>\n<li><span style=\"font-weight:700\">MSCI <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f65e17df-191a-4a65-8e76-6e305f04da9c\" style=\"\">will give<\/a><\/span><span style=\"font-weight:700\"> Egyptian securities listed in its benchmarks \u201cspecial treatment\u201d<\/span><span style=\"font-weight:400;\"> in the wake of investor concerns over Egypt\u2019s limited FX liquidity.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO START A CAREER IN INVESTOR RELATIONS ADVISORY?<\/span><span style=\"font-weight:400;\">Enterprise Advisory (formerly known as Inktank Communications) is looking for smart, talented people to help us tell the stories of exciting companies. Enterprise Advisory is the region\u2019s leading investor relations advisory company and works on investor and strategic communications issues that take you deep inside the c-suite. Our clients are in Egypt, Saudi Arabia, the UAE and beyond. Egyptian and foreign nationals alike are welcome to apply.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">NEVER WORKED IN INVESTOR RELATIONS OR ADVISORY BEFORE?<\/span><span style=\"\"> We have the<\/span><span style=\"font-weight:400;\"> Enterprise Advisory Development Program. The four-month program will see full-time, paid participants take part in workshops and lectures from veteran investor relations and advisory professionals, while also applying their knowledge in a practical setting. Those who successfully complete the program will be offered full-time positions on staff for a chance to work in a flexible and supportive \u2014 but still fast-paced \u2014 work environment that eschews micromanagement and rewards good work. Enterprise Advisory offers the chance to build a network of high-ranking individuals across some of the largest and most influential companies in the region through direct exposure to clients.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">During the program, you\u2019ll learn:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Finance for non-finance people;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to analyze businesses, their business models, their strategic advantages, and their strategies;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to take that information and then tell an audience of investors, journalists, and analysts a compelling and well-developed story;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to frame individual companies\u2019 stories within the wider macroeconomic environment.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Career switchers are very welcome.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Apply directly to jobs@enterprisemea.com and mention \u201cadvisory development<\/span><span style=\"font-weight:700\"> program\u201d<\/span><span style=\"font-weight:400;\"> in your subject line.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">\u2600\ufe0f <\/span><span style=\"font-weight:700\">TOMORROW\u2019S WEATHER- <\/span><span style=\"\">The sun isn\u2019t going to be out in full force, but the mercury is<\/span><span style=\"font-weight:400;\"> rising, hitting a daytime high of 38\u00b0C and a nighttime low of 19\u00b0C, our favorite weather app suggests.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, nice people, and happy almost-THURSDAY to us all. Today\u2019s news cycle is heavily dominated by economy-focused stories, both here at home and in the international press. We\u2019re only five days away from meeting with some of you at the Enterprise Exports and FDI Forum, taking place at the Four Seasons at the Nile [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":586405,"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":[7213],"tags":[104,633,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-economy","tag-enterprisepm","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"0c399af9-26a2-4503-922b-42118fca4682","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/5\/560.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[586402],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.ce23b5be-c8cc-4fba-a572-1326b312dd2f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s? - 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\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s?\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, nice people, and happy almost-THURSDAY to us all. Today\u2019s news cycle is heavily dominated by economy-focused stories, both here at home and in the international press. We\u2019re only five days away from meeting with some of you at the Enterprise Exports and FDI Forum, taking place at the Four Seasons at the Nile [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-10T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s?\",\"datePublished\":\"2023-05-10T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/\"},\"wordCount\":1145,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterprisePM\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/\",\"name\":\"THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-05-10T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s?\"}]},{\"@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 EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s? - 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\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/","og_locale":"en_US","og_type":"article","og_title":"THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s?","og_description":"Good afternoon, nice people, and happy almost-THURSDAY to us all. Today\u2019s news cycle is heavily dominated by economy-focused stories, both here at home and in the international press. We\u2019re only five days away from meeting with some of you at the Enterprise Exports and FDI Forum, taking place at the Four Seasons at the Nile [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-05-10T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.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":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s?","datePublished":"2023-05-10T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/"},"wordCount":1145,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.jpg?fit=%2C&ssl=1","keywords":["economy","EnterprisePM","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/","name":"THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.jpg?fit=%2C&ssl=1","datePublished":"2023-05-10T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/this-evening-inflation-cools-down-in-april-are-we-getting-another-downgrade-from-moodys\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS EVENING: Inflation cools down in April + Are we getting another downgrade from Moody\u2019s?"}]},{"@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\/5\/560.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/560.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\/5\/560.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":635022,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/what-were-tracking-this-week-80\/","url_meta":{"origin":586404,"position":0},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"31 January 2018","format":false,"excerpt":"New railway ticket prices could be announced as early as this week, now that the Transport Ministry has signed off on the new pricing scheme.Don\u2019t miss the trifecta of moons tonight. The full moon will be brighter and larger than you\u2019ve ever seen it. Best viewed at moonrise, says NASA.","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":679190,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/29\/oil-prices-rebound-2-on-mideast-tensions-and-stalled-russia-ukraine-talks\/","url_meta":{"origin":586404,"position":1},"title":"Oil prices rebound 2% on Mideast tensions and stalled Russia-Ukraine talks","author":"enterpriseam admin","date":"29 December 2025","format":false,"excerpt":"Good afternoon, friends. The holiday slowdown remains in full effect as we inch closer to New Year\u2019s Eve. Headlines both at home and abroad remain calm, making it the perfect time to pick up a book or plug into a podcast during the downtime.THE BIG STORY ABROAD- ? There\u2019s next\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","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\/6\/766.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624696,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/could-netflix-make-history-at-the-emmys-tonight\/","url_meta":{"origin":586404,"position":2},"title":"Could Netflix make history at the Emmys tonight?","author":"enterpriseam admin","date":"17 September 2018","format":false,"excerpt":"Could Netflix make history at the Emmys tonight? The 70th annual Primetime Emmy Awards take place overnight tonight, with Netflix looking to set a milestone in the number of wins this year. Netflix is already the content factory with the most nominations at a whopping 112 \u2014 and is likely\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/2018\/9\/2224.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652363,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/cold-temps-winds-on-sunday-8-january-2017\/","url_meta":{"origin":586404,"position":3},"title":"Cold temps, winds on Sunday, 8 January 2017","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"Look for cold temperatures and winds nationwide, with overnight lows tonight in the single digits \u2014 dropping as far as 3-4\u00b0C in Assiut and Sohag, according to Ahram Online. The ports of Dekheila and Alexandria were both shut yesterday due to high waves and winds.","rel":"","context":"In &quot;What We're Tracking Today&quot;","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":650950,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/01\/pharaohs-clash-with-burkina-faso-in-afcon-semifinal-tonight\/","url_meta":{"origin":586404,"position":4},"title":"Pharaohs clash with Burkina Faso in Afcon semifinal tonight","author":"enterpriseam admin","date":"1 February 2017","format":false,"excerpt":"The Pharaohs\u2019 bid for an eighth Africa Cup of Nations crown continues tonight as Egypt goes head to head with Burkina Faso in a semifinal match. The two so-far undefeated teams will clash starting at 9pm CLT; Burkina Faso will have an extra 24 hours of rest over Egypt at\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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":646586,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/what-were-tracking-this-week-168\/","url_meta":{"origin":586404,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"19 June 2017","format":false,"excerpt":"Argentina will find out tomorrow whether it\u2019s being upgraded to emerging market status, the Financial Times reminds us. Bloomberg, meanwhile, suggests that any post-upgrade sell-off of Argentine shares could be milder than was the case in the UAE, Pakistan and Qatar following their respective upgrades.President Abdel Fattah El Sisi is\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/586404","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=586404"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/586404\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/586402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/586405"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=586404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=586404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=586404"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=586404"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=586404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}