{"id":586800,"date":"2023-05-17T00:00:00","date_gmt":"2023-05-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/fx-crisis-telecom-egypt-stake-sale-in-focus-in-the-foreign-press\/"},"modified":"2023-05-17T00:00:00","modified_gmt":"2023-05-17T00:00:00","slug":"fx-crisis-telecom-egypt-stake-sale-in-focus-in-the-foreign-press","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/fx-crisis-telecom-egypt-stake-sale-in-focus-in-the-foreign-press\/","title":{"rendered":"FX crisis + Telecom Egypt stake sale in focus in the foreign press"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The economy is leading the conversation on Egypt in the foreign press this morning:<\/span><span style=\"\"> The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/b69bbce2-11e1-4da8-9608-b7af2a6fd329\" style=\"\">Financial Times<\/a><\/span><span> is out with a piece on how uncertainty over the <\/span><span>USD-EGP exchange rate has put a brake on private investment, while an article in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.al-monitor.com\/originals\/2023\/05\/will-telecom-egypt-stake-sale-help-country-achieve-imf-reforms\" style=\"\">Al Monitor<\/a><\/span><span> questions <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1e4c4fcd-97f0-4e30-b9c3-d7ca9c0a66d6\" style=\"\">how much foreign-currency<\/a><\/span><span> was brought into the country by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/053a8175-6db9-4185-ab3d-520dc017ac28\" style=\"\">the sale of a 9.5% stake in Telecom Egypt<\/a><\/span><span> last week.<\/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\">AND-<\/span><span style=\"\"> The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/2023\/05\/16\/science\/archaeology-ancient-egypt-hands.html\" style=\"\">New York Times<\/a><\/span><span style=\"\"> reports that archaeologists now think they know why ancient <\/span><span>Egyptians collected severed hands as wartime trophies while the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.washingtonpost.com\/opinions\/2023\/05\/16\/egypt-prison-friend-memory\/\" style=\"\">Washington Post<\/a><\/span><span> is running<\/span><span> an op-ed by formerly imprisoned writ<\/span><span>er Abdelrahman El Gendy calling for <\/span><span style=\"font-weight:400;\">the release of his friend Ayman Moussa, who remains in jail.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FT: Egypt\u2019s FX crisis hinders private investment as firms wait for devaluation<\/p>\n","protected":false},"author":1,"featured_media":586801,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[687,104,72,210],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-ancient-egypt","tag-economy","tag-enterpriseam","tag-human-rights","wpautop","entry"],"acf":{"mongo_id":"3e854336-a4ce-425b-91fa-2162e37dd445","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/937.jpg","photo_position":"above","homepage_title":"","full_issue_title":"FX crisis + Telecom Egypt stake sale in focus in the foreign press","related_issue":[586782],"teaser":"FT: Egypt\u2019s FX crisis hinders private investment as firms wait for devaluation","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.5c2bfde1-1b7f-4a41-bd00-ae2e62b3cdbc.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Egypt is far from peak inflation, says Shuaa strategist: The impact of the EGP devaluation and the impending reductionof fuel subsidies means that \u201cwe are not anywhere close to peak inflation,\u201d Aarthi Chandrasekaran, director of\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/Shoppers-Cairo-market-Reuters-1.23.23-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584968,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/economy-once-again-front-and-center-in-the-foreign-press\/","url_meta":{"origin":586800,"position":1},"title":"Economy once again front and center in the foreign press","author":"enterpriseam admin","date":"9 April 2023","format":false,"excerpt":"More on GCC calls for reform in return for aid","rel":"","context":"In 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estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/643.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546703,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/egypts-food-fiscal-insecurity-is-getting-attention-in-the-foreign-press\/","url_meta":{"origin":586800,"position":3},"title":"Egypt\u2019s food + fiscal insecurity is getting attention in the foreign press","author":"enterpriseam admin","date":"25 May 2022","format":false,"excerpt":"The global economic crisis and its impact on Egypt is in focus in the foreign press this morning: Egypt\u2019s balance of payments is vulnerable to the \u201cdouble shock\u201d of monetary tightening and the rise in global prices, and faces tighter capital controls if it does not agree a new financing\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE 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