{"id":607520,"date":"2023-10-04T00:00:00","date_gmt":"2023-10-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/"},"modified":"2023-10-04T00:00:00","modified_gmt":"2023-10-04T00:00:00","slug":"intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/","title":{"rendered":"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Another growth downgrade: <\/strong> Italy\u2019s Intesa Sanpaolo has cut its 2023 and 2024 growth forecasts for Egypt due to the country\u2019s ongoing economic crisis, the bank said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/193.pdf\" style=\"\" rel=\"noopener\">res<\/a> <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/193.pdf\" style=\"\" rel=\"noopener\">earch<\/a> <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/193.pdf\" style=\"\" rel=\"noopener\">note<\/a> <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/193.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> last month. The lender now expects the economy to grow at a 3.4% clip this year, down from its 4.1% forecast in June, and 3.9% in 2024, down from 5.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The rationale: <\/strong> \u201cProjections for 2023 real growth were lowered against June\u2019s scenario given the slowdown in government investments and the negative impacts of a high cost of borrowing and shortages in raw materials in the industrial sector,\u201d analyst Samer Halim wrote in the note.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ALSO- <\/strong><\/p>\n<ul>\n<li><strong> Inflation to rise before it falls: <\/strong> Intesa expects inflation to accelerate to 39.4% by the end of 2023, before falling to 31.3% in 2024. Inflation is not expected to move back to the Central Bank of Egypt\u2019s 7% (\u00b1 2 percentage points) target range before 2028.<\/li>\n<li><strong> It\u2019s among the lenders expecting a 2023 devaluation: <\/strong> The bank is forecasting the EGP to fall to 38 \/ USD by the end of 2023 and 40 \/ USD by the end of next year.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Intesa is the latest to forecast slower growth in Egypt: <\/strong>The European Bank for Reconstruction and Development <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0bc5d8a-a535-4a8f-9a9f-567ba6f522b0\" style=\"\" rel=\"noopener\">cut its Egypt growth forecast<\/a> for 2024 by 0.7 percentage points to 4.5%, citing structural constraints, high inflation, and limited fiscal space. Over the summer, the IMF revised its 2024 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db88caa3-3c4b-4a6a-b81c-f91cd46d3e2c\" style=\"\" rel=\"noopener\">growth forecast<\/a> for Egypt to 4.1%, down from a 5.0% forecast a few months prior, citing the lack of exchange-rate flexibility and the FX crunch, while Morgan Stanley recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8466130-8880-4a71-b32b-3b1b25dc24dd\" style=\"\" rel=\"noopener\">lowered its FY 2023-2024 growth forecast<\/a> to 4.2% from 5.0%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Italian bank is the latest to lower expectations for the country\u2019s growth growth due to the ongoing economic crisis<\/p>\n","protected":false},"author":1,"featured_media":607521,"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":[7206],"tags":[104,72,2234,348,182,5939],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-607520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-foreign-exchange","tag-gdp","tag-inflation","tag-intesa-sanpaolo","wpautop","entry"],"acf":{"mongo_id":"2df01da5-c831-42ce-a742-31c14b83149a","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/288.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt","related_issue":[607507],"teaser":"The Italian bank is the latest to lower expectations for the country\u2019s growth growth due to the ongoing economic crisis","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.b1d30c5e-b796-4d03-bf8a-0f873618bcf7.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>Intesa Sanpaolo lowers its 2023 growth forecast for Egypt - 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\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt\" \/>\n<meta property=\"og:description\" content=\"The Italian bank is the latest to lower expectations for the country\u2019s growth growth due to the ongoing economic crisis\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt\",\"datePublished\":\"2023-10-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/\"},\"wordCount\":257,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\",\"foreign exchange\",\"GDP\",\"inflation\",\"Intesa Sanpaolo\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/\",\"name\":\"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-10-04T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/","og_locale":"en_US","og_type":"article","og_title":"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt","og_description":"The Italian bank is the latest to lower expectations for the country\u2019s growth growth due to the ongoing economic crisis","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-10-04T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.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":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt","datePublished":"2023-10-04T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/"},"wordCount":257,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?fit=%2C&ssl=1","keywords":["economy","EnterpriseAM","foreign exchange","GDP","inflation","Intesa Sanpaolo"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/","name":"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?fit=%2C&ssl=1","datePublished":"2023-10-04T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/intesa-sanpaolo-lowers-its-2023-growth-forecast-for-egypt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Intesa Sanpaolo lowers its 2023 growth forecast for Egypt"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/288.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":654526,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/04\/alexbank-brings-in-new-ceo-and-deputy-ceo\/","url_meta":{"origin":607520,"position":0},"title":"Alexbank brings in new CEO and deputy CEO","author":"enterpriseam admin","date":"4 November 2024","format":false,"excerpt":"Alexbank appointed Paolo Vivona as CEO and Antonio Bergalio as deputy CEO","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/165.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581122,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/20\/this-evening-italys-intesa-sanpaolo-wants-to-become-the-sole-owner-of-alexbank-biden-makes-surprise-visit-to-ukraine\/","url_meta":{"origin":607520,"position":1},"title":"THIS EVENING: Italy\u2019s Intesa Sanpaolo wants to become the sole owner of Alexbank + Biden makes surprise visit to Ukraine","author":"enterpriseam admin","date":"20 February 2023","format":false,"excerpt":"Happy Monday, wonderful people. It\u2019s relatively calm on the news front here at home so far, but we have a creeping suspicion that won't be the case over the next few days.THE BIG STORY TODAY-Italy\u2019s Intesa Sanpaolo could soon own all of Alexbank: Italian bank Intesa Sanpaolo, which owns 80%\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581152,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/21\/italys-intesa-sanpaolo-in-talks-with-govt-to-acquire-the-rest-of-alexbank\/","url_meta":{"origin":607520,"position":2},"title":"Italy\u2019s Intesa Sanpaolo in talks with gov\u2019t to acquire the rest of Alexbank","author":"enterpriseam admin","date":"21 February 2023","format":false,"excerpt":"","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581153,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/21\/italys-intesa-sanpaolo-in-talks-with-egyptian-govt-to-acquire-the-rest-of-alexbank\/","url_meta":{"origin":607520,"position":3},"title":"Italy\u2019s Intesa Sanpaolo in talks with Egyptian gov\u2019t to acquire the rest of Alexbank","author":"enterpriseam admin","date":"21 February 2023","format":false,"excerpt":"The Italian lender has been the majority shareholder of Alexbank since 2006","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Alexbank-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574871,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/intesa-sanpaolo-buys-back-ifcs-stake-in-alexbank\/","url_meta":{"origin":607520,"position":4},"title":"Intesa Sanpaolo buys back IFC\u2019s stake in Alexbank","author":"enterpriseam admin","date":"24 September 2020","format":false,"excerpt":"M&A WATCH- IFC offloads 9.75% stake in Alexbank: The International Finance Corporation has sold its 9.75% stake in Bank of Alexandria (Alexbank) to the bank\u2019s parent, Italian banking group Intesa Sanpaolo, in a USD 161 mn transaction, the local press reports, quoting unnamed sources. The agreement brings Intesa\u2019s stake in\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":684614,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/is-egypt-looking-to-exit-its-stake-in-alexbank-via-ipo\/","url_meta":{"origin":607520,"position":5},"title":"Is Egypt looking to exit its stake in AlexBank via IPO?","author":"enterpriseam admin","date":"28 January 2026","format":false,"excerpt":"FinMin is targeting proceeds of USD 625-700 mn from the sale, sources tell us","rel":"","context":"In &quot;The Big Story Today&quot;","block_context":{"text":"The Big Story Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-big-story-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1153.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\/607520","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=607520"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607520\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/607507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/607521"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=607520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=607520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=607520"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=607520"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=607520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}