{"id":604987,"date":"2018-12-18T04:16:25","date_gmt":"2018-12-18T04:16:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019\/"},"modified":"2018-12-18T04:16:25","modified_gmt":"2018-12-18T04:16:25","slug":"egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019\/","title":{"rendered":"Egypt\u2019s CBE extends its tourism rescue initiative until December 2019"},"content":{"rendered":"<p>The Central Bank of Egypt (CBE) has granted a one-year extension to its tourism rescue initiative for investors and businesses operating in the sector, according to <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2018\/12\/CBE_Tourism_Inititative_Announcement_17122018.pdf\">a statement yesterday<\/a>. The CBE will accept requests to reschedule debt owed by tourism companies for up to three years, and will grant a six-month extension for personal loans taken out under the initiative by those working in the sector. We noted <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/04\/egypts-cbe-extends-loan-grace-period-for-sinai-tourism-investors-by-one-year\/\">last week<\/a> that the CBE also extended its loan grace period for South Sinai tourism investors till December 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Egypt (CBE) has granted a one-year extension to its tourism rescue initiative for investors and businesses operating in the sector, according to a statement yesterday. The CBE will accept requests to reschedule debt owed by tourism companies for up to three years, and will grant a six-month extension for personal loans [&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":[7377],"tags":[271,72,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604987","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-central-bank-of-egypt","tag-enterpriseam","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"8812c113-de90-4aa0-99ae-f7cc7d2932b2","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Egypt\u2019s CBE extends its tourism rescue initiative until December 2019","related_issue":[604951],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.f2e120e3-c3a3-4c04-ba95-68a150a72d2b.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>Egypt\u2019s CBE extends its tourism rescue initiative until December 2019 - 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\/18\/egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019\/\" \/>\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 its tourism rescue initiative until December 2019\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Egypt (CBE) has granted a one-year extension to its tourism rescue initiative for investors and businesses operating in the sector, according to a statement yesterday. The CBE will accept requests to reschedule debt owed by tourism companies for up to three years, and will grant a six-month extension for personal loans [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-18T04:16:25+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s CBE extends its tourism rescue initiative until December 2019\",\"datePublished\":\"2018-12-18T04:16:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Central Bank of Egypt\",\"EnterpriseAM\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-cbe-extends-its-tourism-rescue-initiative-until-december-2019\/\",\"name\":\"Egypt\u2019s CBE extends its tourism rescue initiative until December 2019 - 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The CBE initiative, which\u2026","rel":"","context":"In &quot;Tourism&quot;","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":591004,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/cbe-suspends-tourism-financing-initiative\/","url_meta":{"origin":604987,"position":1},"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 &quot;Tourism&quot;","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":604987,"position":2},"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 &quot;Speed Round&quot;","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":570278,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/25\/cbe-extends-tourism-support-initiative-with-two-year-soft-loans\/","url_meta":{"origin":604987,"position":3},"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 &quot;Speed Round&quot;","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":558972,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/some-folks-just-got-a-breather-from-cbe\/","url_meta":{"origin":604987,"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 &quot;Policy&quot;","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":604480,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/egypts-cbe-extends-loan-grace-period-for-sinai-tourism-investors-by-one-year\/","url_meta":{"origin":604987,"position":5},"title":"Egypt\u2019s CBE extends loan grace period for Sinai tourism investors by one year","author":"enterpriseam admin","date":"4 December 2018","format":false,"excerpt":"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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