{"id":604480,"date":"2018-12-04T04:40:41","date_gmt":"2018-12-04T04:40:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/egypts-cbe-extends-loan-grace-period-for-sinai-tourism-investors-by-one-year\/"},"modified":"2018-12-04T04:40:41","modified_gmt":"2018-12-04T04:40:41","slug":"egypts-cbe-extends-loan-grace-period-for-sinai-tourism-investors-by-one-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/egypts-cbe-extends-loan-grace-period-for-sinai-tourism-investors-by-one-year\/","title":{"rendered":"Egypt\u2019s CBE extends loan grace period for Sinai tourism investors by one year"},"content":{"rendered":"

CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors have received from state-owned banks, according to Ahram Gate<\/a>. The CBE will also offer EGP 50 mn-worth of loans at reduced interest rates of 5-10% to the investors, who have been burdened in recent years from both a slowdown in tourism activity and a lack of maintenance funds.<\/p>\n","protected":false},"excerpt":{"rendered":"

CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors have received from state-owned banks, according to Ahram Gate. The CBE will also offer EGP 50 mn-worth of loans at reduced interest rates of 5-10% to the investors, who have been burdened in recent years […]<\/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":[9298],"tags":[204,2372,271,7097,72,7087,955,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604480","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-central-bank-of-egypt","tag-development","tag-enterpriseam","tag-finance","tag-hospitality","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"2d920297-1211-46e6-8b87-8f05f793279a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Egypt\u2019s CBE extends loan grace period for Sinai tourism investors by one year","related_issue":[604448],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.7768e3bc-16e0-42c9-8f73-994162648deb.mp3"},"yoast_head":"\nEgypt\u2019s CBE extends loan grace period for Sinai tourism investors by one year - 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\/2018\/12\/04\/egypts-cbe-extends-loan-grace-period-for-sinai-tourism-investors-by-one-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s CBE extends loan grace period for Sinai tourism investors by one year\" \/>\n<meta property=\"og:description\" content=\"CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors have received from state-owned banks, according to Ahram Gate. 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The CBE initiative, which\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":571439,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/finmin-to-guarantee-egp-3-bn-of-low-interest-cbe-loans-for-tourism-industry\/","url_meta":{"origin":604480,"position":2},"title":"FinMin to guarantee EGP 3 bn of low-interest CBE loans for tourism industry","author":"enterpriseam admin","date":"12 May 2020","format":false,"excerpt":"FinMin to guarantee EGP 3 bn of low-interest CBE loans for tourism industry: The Finance Ministry will guarantee EGP 3 bn in funding provided by the Central Bank of Egypt (CBE) to state banks for soft loans to tourism companies and hotels, according to a ministry statement. The ministry will\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":639502,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/30\/nbe-approves-egp-800-mn-in-loans-as-part-of-the-cbes-tourism-rescue-initiative\/","url_meta":{"origin":604480,"position":3},"title":"NBE approves EGP 800 mn in loans as part of the CBE\u2019s tourism rescue initiative","author":"enterpriseam admin","date":"30 October 2017","format":false,"excerpt":"The National Bank of Egypt (NBE) has approved EGP 800 mn in funding to refurbish seven hotels in South Sinai as part of the CBE\u2019s tourism rescue initiative, NBE Vice Chairman Yehia Aboul Fotouh tells Al Mal on Sunday. The bank has also approved restructuring the debts of the three\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567812,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/tourism-companies-workers-get-another-helping-hand\/","url_meta":{"origin":604480,"position":4},"title":"Tourism companies, workers get another helping hand","author":"enterpriseam admin","date":"8 December 2020","format":false,"excerpt":"The tourism industry will continue to get a helping hand from the Central Bank of Egypt (CBE) after the bank granted tourism companies debt repayment holidays and more room to take out operating loans, according to two separate CBE circulars (here and here \u2014 pdfs). 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