{"id":607479,"date":"2023-10-03T00:00:00","date_gmt":"2023-10-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/"},"modified":"2023-10-03T00:00:00","modified_gmt":"2023-10-03T00:00:00","slug":"this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/","title":{"rendered":"THIS EVENING: Egypt\u2019s non-oil private sector contracts at a sharper pace in September"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Good afternoon, friends. <\/strong> It\u2019s almost the end of the week, with the upcoming long weekend making tomorrow a THURSDAY-equivalent. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY TODAY <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> PMI contraction accelerates again: <\/strong> The contraction in Egypt\u2019s non-oil private sector deepened in September on the back of \u201cprice and supply challenges\u201d that curbed output levels, according to <a target=\"_blank\" href=\"https:\/\/www.pmi.spglobal.com\/Public\/Home\/PressRelease\/ab7872e6822d4e64ba26e139e4dc31b1\" style=\"\" rel=\"noopener\">S&amp;P Global\u2019s purchasing managers\u2019 index (PMI) (pdf)<\/a>. Our PMI fell to a four-month low of 48.7 in September, down from 49.2 in August. September is now the 34th consecutive month that business activity has been in decline. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY ABROAD <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Sam Bankman-Fried\u2019s upcoming trial is getting play in the international business press <\/strong><strong> this afternoon. <\/strong>The former b\u2019naire is facing charges of embezzling from FTX customers from 2019 until November 2022 to finance his hedge fund Alameda Research, donate over USD 100 mn to politicians, and purchase luxury properties.Bankman-Fried was indicted last December and has been detained since August 11 when a judge uncovered that he allegedly engaged in witness tampering by sharing a former partner\u2019s personal writing with a reporter. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/sam-bankman-fried-heads-trial-charges-stealing-billions-ftx-users-2023-10-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/graphics\/2023-sam-bankman-fried-ftx-wealth-timeline\/?srnd=premium\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/currencies\/sam-bankman-fried-ftx-trial-jurors-c05ab518?mod=hp_lead_pos9\" style=\"\" rel=\"noopener\">WSJ<\/a>) <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ** CATCH UP QUICK <\/strong> on the top stories from today\u2019s <strong> EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong> ELECTION 2023: El Sisi has officially thrown his hat into the ring: <\/strong> President Abdel Fattah El Sisi&nbsp;<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/26d29a77-2f34-4ee8-a0e9-d2aa3447101d\" target=\"_blank\" rel=\"noopener\">will seek a third term<\/a>&nbsp;in office after he <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/881010536721009\" style=\"\" rel=\"noopener\">announced<\/a> yesterday his candidacy for December\u2019s presidential election.<\/li>\n<li><strong> Maersk\u2019s expansion of East Port Said port could get IFC backing: <\/strong>The International Financial Corporation (IFC) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/76cb7d59-2a42-44b3-8222-e1bdd0d09ebc\" style=\"\" rel=\"noopener\">is considering providing a loan<\/a> of up to USD 175 mn to help the Suez Canal Container Terminal (SCCT) expand its existing container terminal at East Port Said port.<\/li>\n<li><strong> Sugar traders are no longer taking their ahwa ziyada: <\/strong>The Madbouly government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f714182-db6b-4d89-a164-7abfd4781572\" style=\"\" rel=\"noopener\">will meet with<\/a> sugar packing companies and traders later today to negotiate new terms and requirements for trading of the commodity.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n  <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> \u2600\ufe0f <\/strong><strong> TOMORROW\u2019S WEATHER- <\/strong>Expect another cloudy day with a high of 31\u00b0C during the day dropping to 24\u00b0C in the evening, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends. It\u2019s almost the end of the week, with the upcoming long weekend making tomorrow a THURSDAY-equivalent. THE BIG STORY TODAY PMI contraction accelerates again: The contraction in Egypt\u2019s non-oil private sector deepened in September on the back of \u201cprice and supply challenges\u201d that curbed output levels, according to S&amp;P Global\u2019s purchasing managers\u2019 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":607480,"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":[7213],"tags":[104,633,185,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-607479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-economy","tag-enterprisepm","tag-pmi","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"57b065ba-56f2-415a-84d4-159eb0847ee5","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2021\/11\/388.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[607477],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.52c91746-cedc-4ad9-b5ae-ecaa09fb4afd.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>THIS EVENING: Egypt\u2019s non-oil private sector contracts at a sharper pace in September - 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\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Egypt\u2019s non-oil private sector contracts at a sharper pace in September\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends. It\u2019s almost the end of the week, with the upcoming long weekend making tomorrow a THURSDAY-equivalent. THE BIG STORY TODAY PMI contraction accelerates again: The contraction in Egypt\u2019s non-oil private sector deepened in September on the back of \u201cprice and supply challenges\u201d that curbed output levels, according to S&amp;P Global\u2019s purchasing managers\u2019 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/388.jpg?fit=%2C&ssl=1\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: Egypt\u2019s non-oil private sector contracts at a sharper pace in September\",\"datePublished\":\"2023-10-03T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/\"},\"wordCount\":368,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/388.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterprisePM\",\"PMI\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/\",\"name\":\"THIS EVENING: Egypt\u2019s non-oil private sector contracts at a sharper pace in September - 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THE BIG STORY TODAY PMI contraction accelerates again: The contraction in Egypt\u2019s non-oil private sector deepened in September on the back of \u201cprice and supply challenges\u201d that curbed output levels, according to S&amp;P Global\u2019s purchasing managers\u2019 [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-10-03T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/388.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: Egypt\u2019s non-oil private sector contracts at a sharper pace in September","datePublished":"2023-10-03T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/"},"wordCount":368,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/388.jpg?fit=%2C&ssl=1","keywords":["economy","EnterprisePM","PMI","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/","name":"THIS EVENING: Egypt\u2019s non-oil private sector contracts at a sharper pace in September - 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Today we have all the latest on Egypt\u2019s fresh PMI reading, Jaguar\u2019s new EV concept, and the best content to wind down to after a busy work day. THE BIG STORY TODAY Egypt\u2019s non-oil private sector activity continued to contract in\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/302.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654674,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/06\/egypts-non-oil-private-sector-activity-continues-to-contract-on-the-back-of-rising-price-pressures\/","url_meta":{"origin":607479,"position":2},"title":"Egypt\u2019s non-oil private sector activity continues to contract on the back of rising price pressures","author":"enterpriseam admin","date":"6 November 2024","format":false,"excerpt":"A weaker EGP drove higher input prices and slowing purchase orders","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/472.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609478,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/06\/pmi-contracts-at-sharpest-rate-in-five-months\/","url_meta":{"origin":607479,"position":3},"title":"PMI contracts at sharpest rate in five months","author":"enterpriseam admin","date":"6 November 2023","format":false,"excerpt":"This is the 35th straight month that Egypt\u2019s non-oil economy has been in contraction","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/193.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549909,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/05\/pmi-is-flat-month-on-month-with-private-sector-still-in-contraction-territory\/","url_meta":{"origin":607479,"position":4},"title":"PMI is flat month on month, with private sector still in contraction territory","author":"enterpriseam admin","date":"5 October 2022","format":false,"excerpt":"Activity in Egypt\u2019s non-oil private sector contracted at the same pace in September as it did in August, according to S&P Global\u2019s latest purchasing managers\u2019 index (pdf). The PMI index was flat month-on-month at 47.6, remaining below the 50.0 threshold that separates growth from contraction for the twenty-second consecutive month.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/136.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":656423,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/04\/egypts-non-oil-private-sector-activity-contracts-at-slowest-pace-in-three-months\/","url_meta":{"origin":607479,"position":5},"title":"Egypt\u2019s non-oil private sector activity contracts at slowest pace in three months","author":"enterpriseam admin","date":"4 December 2024","format":false,"excerpt":"Easing input cost pressures and modest growth in manufacturing offset persistent weak demand across other sectors","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/370.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\/607479","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=607479"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607479\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/607477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/607480"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=607479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=607479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=607479"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=607479"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=607479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}