{"id":596365,"date":"2019-08-26T04:00:09","date_gmt":"2019-08-26T04:00:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/investors-want-the-cbe-to-extend-its-tourism-sector-initiative\/"},"modified":"2019-08-26T04:00:09","modified_gmt":"2019-08-26T04:00:09","slug":"investors-want-the-cbe-to-extend-its-tourism-sector-initiative","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/investors-want-the-cbe-to-extend-its-tourism-sector-initiative\/","title":{"rendered":"Investors want the CBE to extend its tourism sector initiative"},"content":{"rendered":"

Investors are petitioning the Central Bank of Egypt to extend its tourism rescue initiative for investors and businesses operating in the sector for another two years to allow for the renovation of existing tourism facilities and the completion of those currently under construction, Al Shorouk reported<\/a>. The CBE initiative, which allows investors and businesses in the tourism sector to restructure their debts, was extended for a year<\/a> in December 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors are petitioning the Central Bank of Egypt to extend its tourism rescue initiative for investors and businesses operating in the sector for another two years to allow for the renovation of existing tourism facilities and the completion of those currently under construction, Al Shorouk reported. The CBE initiative, which allows investors and businesses in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7377],"tags":[204,271,72,7087,83,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596365","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-banking","tag-central-bank-of-egypt","tag-enterpriseam","tag-finance","tag-real-estate","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"5dbdbee1-8768-4952-a53d-182f30644e4b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[596340],"teaser":"","voice_url":""},"yoast_head":"\nInvestors want the CBE to extend its tourism sector initiative - 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\/2019\/08\/26\/investors-want-the-cbe-to-extend-its-tourism-sector-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors want the CBE to extend its tourism sector initiative\" \/>\n<meta property=\"og:description\" content=\"Investors are petitioning the Central Bank of Egypt to extend its tourism rescue initiative for investors and businesses operating in the sector for another two years to allow for the renovation of existing tourism facilities and the completion of those currently under construction, Al Shorouk reported. 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The CBE will accept requests to reschedule debt owed by tourism companies for up to three years, and will grant a\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570278,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/25\/cbe-extends-tourism-support-initiative-with-two-year-soft-loans\/","url_meta":{"origin":596365,"position":1},"title":"CBE extends tourism support initiative with two-year soft loans","author":"enterpriseam admin","date":"25 March 2020","format":false,"excerpt":"REGULATION WATCH- CBE extends its support to the tourism sector with two-year soft loans: The Central Bank of Egypt (CBE) will provide soft loans to tourism companies to pay wages, commitments to suppliers, and maintenance as part of the EGP 50 bn tourism initiative it launched last year, according to\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":591004,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/cbe-suspends-tourism-financing-initiative\/","url_meta":{"origin":596365,"position":2},"title":"CBE suspends tourism financing initiative","author":"enterpriseam admin","date":"30 July 2023","format":false,"excerpt":"The central bank could launch a new scheme with FX conditionality in the next 2-3 months","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591744,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/16\/cbe-confirms-egp-50-bn-tourism-support-program\/","url_meta":{"origin":596365,"position":3},"title":"CBE confirms EGP 50 bn tourism support program","author":"enterpriseam admin","date":"16 December 2019","format":false,"excerpt":"CBE confirms EGP 50 bn tourism support program: The Central Bank of Egypt (CBE) will increase tenfold the funding it has made available to support the tourism industry to to EGP 50 bn, allowing more companies in the sector to access soft loans to renovate and upgrade tourism infrastructure, 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\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558972,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/some-folks-just-got-a-breather-from-cbe\/","url_meta":{"origin":596365,"position":4},"title":"Some folks just got a breather from CBE","author":"enterpriseam admin","date":"4 January 2021","format":false,"excerpt":"Banks will continue to support businesses at risk of default for another six months: The Central Bank of Egypt (CBE) has extended until 30 June two debt relief initiatives launched in late 2019 and early last year to waive marginal interest on debt owed by distressed companies and tourism businesses,\u2026","rel":"","context":"In "Policy"","block_context":{"text":"Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571127,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/30\/central-bank-of-egypt-cuts-interest-on-loans-to-tourism-companies-to-5\/","url_meta":{"origin":596365,"position":5},"title":"Central Bank of Egypt cuts interest on loans to tourism companies to 5%","author":"enterpriseam admin","date":"30 April 2020","format":false,"excerpt":"REGULATION WATCH- CBE cuts interest on soft loans for tourism industry to 5% from 8%: The central bank is subsidizing loans from banks to tourism companies to help them cover wages, commitments to suppliers and maintenance expenses, the Tourism and Antiquities Ministry said in a statement. 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