{"id":602106,"date":"2019-03-19T03:55:33","date_gmt":"2019-03-19T03:55:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/"},"modified":"2019-03-19T03:55:33","modified_gmt":"2019-03-19T03:55:33","slug":"egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/","title":{"rendered":"EGP continues strengthening against USD, gov\u2019t launches investment-focused initiative"},"content":{"rendered":"<p><b>Econ and business news kept the talking heads busy last night <\/b>for a change as the Arab African Youth Platform in Upper Egypt came to an end. <\/p>\n<p><b>The EGP <\/b><a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/18\/egp-hits-two-year-high-against-the-usd\/\"><b>continued strengthening<\/b><\/a><b> on Monday, hitting 17.32 against the USD<\/b>, a fresh two-year high.GAFI boss Mohsen Adel told Al Hayah Al Youm that the jump came as a result of higher foreign currency inflows and stable demand <a href=\"https:\/\/www.youtube.com\/watch?v=yj_Qbnbzrzg\">(watch, runtime: 00:52)<\/a>.<\/p>\n<p><b>What else?<\/b> National Bank of Egypt (NBE) Deputy Head Yehia Aboul Fotouh told Hona Al Asema that the country\u2019s improved credit rating helped too, alongside a recovery in tourism revenues, exports and remittances from Egyptians living abroad <a href=\"https:\/\/www.youtube.com\/watch?v=SaUoAlOHI24\">(watch, runtime: 03:54)<\/a>. Amr Adib also offered his two piasters, wondering why prices aren\u2019t going down as the EGP gets stronger <a href=\"https:\/\/www.youtube.com\/watch?v=6B3ScbjtEzc\">(watch, runtime: 07:23)<\/a>.<\/p>\n<p><b>The Investment Ministry has launched a drive <\/b>to improve the country\u2019s investment environment, GAFI\u2019s Adel told Al Hayah Al Youm\u2019s Lobna Assal <a href=\"https:\/\/www.youtube.com\/watch?v=arwN_J03F9g\">(watch, runtime: 06:13)<\/a>. The program aims to fix individual problems \u2014 and create a database of common obstacles so as to avoid them. Adel told Hona Al Asema that the \u201cInvest Without Obstacles\u201d will fast-track solutions <a href=\"https:\/\/www.youtube.com\/watch?v=1o7sjBuTxGY\">(watch, runtime: 07:07)<\/a>. <b>Read the Investment Ministry\u2019s English-language press release on the initiative <\/b><a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/03\/Investment-without-Challenges.pdf\"><b>here (pdf)<\/b><\/a><b>.<\/b><\/p>\n<p><b>Don\u2019t complain about rising pigeon prices, <\/b>Amr Adib told us, referring to <a href=\"https:\/\/www.bbc.com\/news\/world-europe-47610896\">the \u2018Lewis Hamilton of pigeons\u2019<\/a> that was reportedly sold for EUR 1.25 mn <a href=\"https:\/\/www.youtube.com\/watch?v=qevKzNdO_8o\">(watch, runtime: 02:22)<\/a>. While we are grateful that we don\u2019t have to shell out seven figures for a pigeon, his words are unlikely to resonate with those of us who have to contend with rising food prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Econ and business news kept the talking heads busy last night for a change as the Arab African Youth Platform in Upper Egypt came to an end. The EGP continued strengthening on Monday, hitting 17.32 against the USD, a fresh two-year high.GAFI boss Mohsen Adel told Al Hayah Al Youm that the jump came as [&hellip;]<\/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":[9281],"tags":[2379,72,461,125,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602106","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","tag-gafi","tag-investment-watch","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"28a725ca-eba8-4ee4-8234-01554f861e79","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602102],"teaser":"","voice_url":""},"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>EGP continues strengthening against USD, gov\u2019t launches investment-focused 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\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGP continues strengthening against USD, gov\u2019t launches investment-focused initiative\" \/>\n<meta property=\"og:description\" content=\"Econ and business news kept the talking heads busy last night for a change as the Arab African Youth Platform in Upper Egypt came to an end. The EGP continued strengthening on Monday, hitting 17.32 against the USD, a fresh two-year high.GAFI boss Mohsen Adel told Al Hayah Al Youm that the jump came as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-19T03:55:33+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGP continues strengthening against USD, gov\u2019t launches investment-focused initiative\",\"datePublished\":\"2019-03-19T03:55:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/\"},\"wordCount\":274,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Enterprise+: Last Night\u2019s Talk Shows\",\"EnterpriseAM\",\"GAFI\",\"investment watch\",\"tourism\"],\"articleSection\":[\"Enterprise+: Last Night\u2019s Talk Shows\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/\",\"name\":\"EGP continues strengthening against USD, gov\u2019t launches investment-focused initiative - 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Masaa DMC (watch, runtime: 0:42) Yahduth Fi Misr (watch, runtime:\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602159,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/strong-egp-stole-the-show-last-night-gold-prices-down\/","url_meta":{"origin":602106,"position":1},"title":"Strong EGP stole the show last night, gold prices down","author":"enterpriseam admin","date":"20 March 2019","format":false,"excerpt":"The EGP continued strengthening on Tuesday, trading at around 17.29 to the USD \u2014 and that has absolutely captured the imagination of the talking heads. For the EGP to stay strong, we need to focus on real economy growth \u2014 FDI, tourism, remittances and exports, etc, must all pick up,\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643057,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/el-garhy-on-strengthening-egp-tourism-minister-claims-spending-by-tourists-has-exceeded-2010-levels\/","url_meta":{"origin":602106,"position":2},"title":"El Garhy on strengthening EGP, Tourism minister claims spending by tourists has exceeded 2010 levels","author":"enterpriseam admin","date":"29 August 2017","format":false,"excerpt":"El Garhy on strengthening EGP: A lower customs exchange rate is a natural reflection of the strengthening EGP, the stability of the market, and the gradual increase in FCY liquidity in the banking system, Finance Minister Amr El Garhy told OnLive\u2019s Markets and Business. El Garhy stressed that current FX\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595771,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/cairo-terrorist-attack-dominates-talk-shows\/","url_meta":{"origin":602106,"position":3},"title":"Cairo terrorist attack dominates talk shows","author":"enterpriseam admin","date":"6 August 2019","format":false,"excerpt":"Sunday\u2019s deadly terrorist attack in Cairo, which claimed the life of at least 20 people and injured almost 50 others, dominated talk shows last night. We have chapter and verse in this morning\u2019s Speed Round, below. A donation campaign launched by El Hekaya channel to contribute to the restoration of\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568623,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/last-nights-talk-shows-for-tuesday-28-january-2020\/","url_meta":{"origin":602106,"position":4},"title":"Last night\u2019s talk shows for Tuesday 28 January 2020","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"It was truly a mixed bag of politics, economics, and health on the airwaves last night. Trump\u2019s long-awaited Middle East Peace Plan was the center of attention last night, Al Hayah Al Youm\u2019s Lobna Assal (watch, runtime: 2:33) and Yahduth Fi Misr's Sherif Amer (watch, runtime: 6:07) both covering the\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586892,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/pm-madboulys-presser-economy-top-talk-show-coverage\/","url_meta":{"origin":602106,"position":5},"title":"PM Madbouly\u2019s presser, economy top talk show coverage","author":"enterpriseam admin","date":"18 May 2023","format":false,"excerpt":"The privatization program will help plug the FX shortage, says cabinet spox","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1036.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\/602106","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=602106"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602106\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602102"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602106"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602106"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}