{"id":610321,"date":"2023-11-19T00:00:00","date_gmt":"2023-11-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/"},"modified":"2023-11-19T00:00:00","modified_gmt":"2023-11-19T00:00:00","slug":"pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/","title":{"rendered":"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Talking up FDI: <\/strong>Cabinet made a concerted effort to talk up the state of investment by companies in Obour City and Tenth of Ramadan City. The trigger? A tour by Prime Minister Moustafa Madbouly. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The volume of investment is a sign the FX crunch is \u201cnearing its end,\u201d<\/strong> Madbouly declared yesterday, pointing to the hundreds of mns of USD that have been invested in the factories by foreign investors (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=-278-OVmFvM\" style=\"\" rel=\"noopener\">watch, runtime: 2:03<\/a>). His remarks came after the EGP hit a new low of 50 to the greenback <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/99e840dc-8376-4698-abbf-ea6b6bf73e12\" style=\"\" rel=\"noopener\">last week<\/a> in the parallel market \u2014 and as futures also sagged to new lows while gold and share prices soared to fresh highs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Here\u2019s what you need to know:<\/p>\n<ul>\n<li><strong>Chinese home appliances manufacturer Haier Egypt<\/strong> has finished the first phase of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/358b6591-3db7-4fa1-bb2f-de2e69e31cc8\" style=\"\" rel=\"noopener\">USD 135 mn industrial complex<\/a> in Tenth of Ramadan City, and trial operations are expected to begin by March 2024. The company has agreed to a local content requirement of 60% (rising to 70% in two years), and 30% of production will be exported. (<a target=\"_blank\" href=\"https:\/\/tinyurl.com\/56zy5r2c\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Saudi Arabia\u2019s Jamjoom Pharma <\/strong>has kicked off operations atits <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cbad0805-29bc-4fa2-88f6-6a052c1ec37f\" style=\"\" rel=\"noopener\">EGP 3 bn factory<\/a> in Obour with a production estimate of 120 mn units per year. (<a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yjjpkdec\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Turkey\u2019s KCG Textile<\/strong> factory in Tenth of Ramadan has generated annual revenues of USD 65 mn since opening in 2007 through cooperation with brands such as Ikea and Zara. The company has invested USD 75 mn in the project and is looking to build another factory in the SCZone. (<a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yrfk3mve\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Italian chemicals manufacturer <\/strong><strong>Mapei<\/strong> has completed the first phase of its USD 25 mn factory in Tenth of Ramadan. The facility will produce 100k tons of chemical products when it opens next year. (<a target=\"_blank\" href=\"https:\/\/tinyurl.com\/477vjj82\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Turkey\u2019s <\/strong><strong>Beko<\/strong>will finish the first phase of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67f44b56-1f3e-4131-a5cd-88b97aa666c9\" style=\"\" rel=\"noopener\">USD 100 mn home appliances factory<\/a> in Tenth of Ramadan during 1Q 2024. More than 60% of the factory\u2019s annual output of 1.2 mn devices will be exported. (<a target=\"_blank\" href=\"https:\/\/tinyurl.com\/kvaj4sje\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>German-Lebanese GLC Paints<\/strong> is looking to invest USD 25 mn into its factory in Obour. The company has so far invested EGP 2.5 bn into the facility, which generates USD 20 mn of export revenues every year. (<a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2vx8y43p\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Egypt\u2019s Insutech<\/strong> wants to invest EGP 400 mn into its insulation materials factory in Tenth of Ramadan City to add new production lines. (<a target=\"_blank\" href=\"https:\/\/tinyurl.com\/nhnw5nkm\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PM says the investments are a sign that the FX crunch could soon end\u2026<\/p>\n","protected":false},"author":1,"featured_media":610322,"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":[7255],"tags":[2431,72,103,11790,2432,10778,125,2087,11789,131,2433],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-beko","tag-enterpriseam","tag-fdi","tag-glc-paints","tag-haier","tag-insutech","tag-investment-watch","tag-jamjoom-pharma","tag-kcg-textile","tag-manufacturing","tag-mapei","wpautop","entry"],"acf":{"mongo_id":"d9bd0e4c-77b2-4fa0-9653-f8f4e0060598","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/960.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour","related_issue":[610304],"teaser":"PM says the investments are a sign that the FX crunch could soon end\u2026","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.eeffd849-3b85-4f5b-ba21-0d7eed9e4a42.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>PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour - 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\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour\" \/>\n<meta property=\"og:description\" content=\"PM says the investments are a sign that the FX crunch could soon end\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.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\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour\",\"datePublished\":\"2023-11-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/\"},\"wordCount\":382,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Beko\",\"EnterpriseAM\",\"FDI\",\"GLC Paints\",\"Haier\",\"Insutech\",\"investment watch\",\"Jamjoom Pharma\",\"KCG Textile\",\"Manufacturing\",\"Mapei\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/\",\"name\":\"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-11-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour\"}]},{\"@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":"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour - 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\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/","og_locale":"en_US","og_type":"article","og_title":"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour","og_description":"PM says the investments are a sign that the FX crunch could soon end\u2026","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-11-19T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.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\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour","datePublished":"2023-11-19T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/"},"wordCount":382,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.jpg?fit=%2C&ssl=1","keywords":["Beko","EnterpriseAM","FDI","GLC Paints","Haier","Insutech","investment watch","Jamjoom Pharma","KCG Textile","Manufacturing","Mapei"],"articleSection":["Manufacturing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/","name":"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.jpg?fit=%2C&ssl=1","datePublished":"2023-11-19T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan-obour\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour"}]},{"@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\/11\/960.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/960.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\/11\/960.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":578669,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/10\/cabinet-ratifies-budget-cutbacks-for-fy-2022-2023-amid-rising-inflation-and-an-ongoing-fx-crunch\/","url_meta":{"origin":610321,"position":0},"title":"Cabinet ratifies budget cutbacks for FY 2022-2023 amid rising inflation and an ongoing FX crunch","author":"enterpriseam admin","date":"10 January 2023","format":false,"excerpt":"Cabinet announces budget cutbacks amid rising inflation, FX crunch: Prime Minister Moustafa Madbouly has told all but \u201cessential\u201d ministries to make budget cutbacks until the end of the current fiscal year. The order comes as the government works to address a shortage of hard currency and tamp down inflation. Under\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\/2023\/1\/135.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613415,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/15\/the-madbouly-government-is-getting-behind-local-industry-in-bid-to-drum-up-fx\/","url_meta":{"origin":610321,"position":1},"title":"The Madbouly government is getting behind local industry in bid to drum up FX","author":"enterpriseam admin","date":"15 January 2024","format":false,"excerpt":"PM Madbouly has been visiting an industrial zone every month as part of a campaign to support local industry","rel":"","context":"In &quot;SIGN OF THE TIMES&quot;","block_context":{"text":"SIGN OF THE TIMES","link":"https:\/\/enterpriseam.com\/egypt\/category\/sign-of-the-times\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/879.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590456,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/last-nights-talk-shows-on-tourism-dengue-fever-and-heat\/","url_meta":{"origin":610321,"position":2},"title":"Last Night\u2019s Talk Shows on tourism, dengue fever, and heat","author":"enterpriseam admin","date":"19 July 2023","format":false,"excerpt":"PM Madbouly looks into incentives to boost tourism investment","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\/7\/779.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587251,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/egypt-named-among-top-emerging-markets-for-foreign-investment\/","url_meta":{"origin":610321,"position":3},"title":"Egypt named among top emerging markets for foreign investment","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"UAE, Saudi Arabia and Qatar among the most attractive FDI destinations globally","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1311.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581614,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/pm-madbouly-meets-turkish-companies-to-drum-up-investment\/","url_meta":{"origin":610321,"position":4},"title":"PM Madbouly meets Turkish companies to drum up investment","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"INVESTMENT-Mending ties with Turkey through FDI: Representatives of a number of Turkish companies met with Prime Minister Moustafa Madbouly yesterday, where they discussed plans to invest a combined USD 500 mn to expand their activities here, according to a cabinet statement. The meeting with Turkish investors was \u201cthe first of\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/money-1600-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589190,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/22\/eastern-company-cancels-heated-tobacco-investment-to-conserve-fx\/","url_meta":{"origin":610321,"position":5},"title":"Eastern Company cancels heated tobacco investment to conserve FX","author":"enterpriseam admin","date":"22 June 2023","format":false,"excerpt":"Eastern is saving its hard currency to produce cigarettes amid the FX crunch","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1167.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\/610321","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=610321"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610321\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/610304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610322"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610321"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610321"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}