{"id":616324,"date":"2024-03-04T00:00:00","date_gmt":"2024-03-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/"},"modified":"2024-03-04T00:00:00","modified_gmt":"2024-03-04T00:00:00","slug":"all-eyes-on-the-egp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/","title":{"rendered":"All eyes on the EGP"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning from Dubai<\/strong>, where we\u2019re looking forward to the start of the EFG Hermes One on One in a couple of hours' time. Some 670 investors and 250 global institutions are also in town for the conference to meet with senior execs from more than 215 companies from 29 nations. We\u2019ll have coverage for you on the ground starting tomorrow and continuing into next week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** And don\u2019t forget, If you\u2019re in Dubai and want to have coffee or pitch us on an interview<\/strong>, hit us up on <a target=\"_blank\" href=\"mailto:1x1@enterprisemea.com\" style=\"\" rel=\"noopener\">1x1@enterprisemea.com<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in Egypt<\/strong>, the EGP is continuing to pick up the pace on the parallel market as the Ras El Hekma effect carries on bringing us some encouraging news on the economy. The government is now studying doubling the remainder of the Suez Canal. On the investment front, medical tourism is back on the agenda with freshly inked contracts with regional healthcare players and an ambitious national plan announced by the prime minister. We\u2019ve also got automotive news for the petrol heads out there and so much more, so let\u2019s jump in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IT\u2019S THE FIRST WEEK OF MARCH.<\/strong> Here are the key news triggers on which to keep youreyes on in this month:<\/p>\n<ul>\n<li><strong>Inflation: <\/strong>Capmas and the CBE will publish the latest inflation data on Sunday, 10 March. <\/li>\n<li><strong>Foreign reserves: <\/strong>The central bank should release February\u2019s foreign reserves figures this week. <\/li>\n<li><strong>MPC meeting<\/strong><strong>: <\/strong>The CBE\u2019s Monetary Policy Committee will be meeting on the last Thursday of the month, 28 March. <\/li>\n<\/ul>\n<p class=\"tag-border-left\">EGPWATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- The EGP continues to strengthen on the parallel market:<\/strong> The USD was changing hands at EGP 41 on the black market yesterday, down from EGP 49 last week and from over EGP 70 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a9f3305-0ab8-455d-8399-d99ec9d91203\" style=\"\" rel=\"noopener\">briefly<\/a> in January, as the currency continued to recover thanks to FX inflows from the USD 35 bn Ras El Hekma agreement, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/03\/03\/1771422\" style=\"\" rel=\"noopener\">Al Borsa<\/a> wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Yields on EGP-denominated one-year bills hit a record high 30.061% <\/strong>during thecentral bank\u2019s latest auction held on Thursday, according to <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/ar\/auctions\/egp-t-bills\" style=\"\" rel=\"noopener\">CBE data<\/a>. The average return stood at 29.913%, while the lowest return was 26.0%, out of a total 320 accepted bids.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> #3- <\/strong><strong>B\u2019naire Samih Sawiris said he has no interest in investing in Egypt until<\/strong><strong> there\u2019s a uniform exchange rate<\/strong> and urged the government to devalue the currency in an interview with <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/276rz9sp\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The businessman had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6c83177c-9cd3-4624-8811-88304af0d05d\" style=\"\" rel=\"noopener\">said<\/a> back in May that Orascom Development Holding will not be making any new investments in Egypt while uncertainty about the EGP-USD exchange rate continues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade Minister Ahmed Samir is in Riyadh <\/strong>to participate in the Saudi-Egyptian Joint Committee chaired by his Saudi counterpart Majid bin Abdullah al Qasabi, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid07RittxjFS5DbggWETK1J1Pu8g72Fw4Z7PoGMQDVfPWaujWdWA2zrKq6PTqJjk8Xhl\" style=\"\" rel=\"noopener\">statement<\/a> from the Trade Ministry. The committee will discuss enhancing cooperation in commerce, industry, housing, oil, education, and tourism.<\/p>\n<p class=\"tag-border-left\">HAPPENING TOMORROW- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>It\u2019s PMI week: <\/strong>S&P Global will publish Egypt\u2019s PMI figures for February tomorrow. The index <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/404497ab-92c9-4499-979b-65b020b806a1\" style=\"\" rel=\"noopener\">last clocked in at 48.1<\/a> in January, marking a three-month low and the 38th straight month of contraction for the country\u2019s non-oil private sector. <\/p>\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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- You can now apply to the Australian government\u2019s master\u2019s scholarship program,<\/strong><strong>Australia Awards.<\/strong> The scholarship program, which grants funding for Egyptian, Sudanese, and Eritrean citizens to study climate change, agriculture and food security, mining and energy, foreign policy and international security, and gender, disability, and social inclusion, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2186.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a>. Applications are open until 30 April, 2024, and women, people with disabilities, and marginalized groups are encouraged to apply. You can <a target=\"_blank\" href=\"https:\/\/australiaawardsafrica.org\/\" style=\"\" rel=\"noopener\">find out more about the program here<\/a> and <a target=\"_blank\" href=\"https:\/\/australiaawardsafrica.org\/awards\/apply\/\" style=\"\" rel=\"noopener\">apply here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Flat6Labs, Organon kick off round two of<\/strong><strong>femtech accelerator program:<\/strong>Applications are open until <strong>16 May<\/strong> to join the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2174557-5b9c-485d-871c-7f6829acfa40\" style=\"\" rel=\"noopener\">second<\/a> round of the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/68.pdf\" style=\"\" rel=\"noopener\">Women\u2019s Health Accelerator Program (pdf)<\/a> run by Flat6Labs and women\u2019s healthcare firm Organon. You can register at this <a target=\"_blank\" href=\"https:\/\/www.flat6labs.com\/program\/womens-health-accelerator-program\/\" style=\"\" rel=\"noopener\">link<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WAR WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>It\u2019s day two of ceasefire talks in Cairo: <\/strong>Israel skipped ceasefire talks in Cairo yesterday after Hamas refused its request for a list of hostages who are still alive, Israeli news outlet <a target=\"_blank\" href=\"https:\/\/www.ynetnews.com\/article\/o67nszxu7\" style=\"\" rel=\"noopener\">Ynet<\/a> reports. Despite Israel boycotting the talks, the Hamas delegation that <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/ycx2jyv8\" style=\"\" rel=\"noopener\">did arrive<\/a> in Cairo yesterday for negotiations through Egyptian, Qatari, and American mediators to reach a ceasefire before the start of Ramadan, said that a truce could be made in the next two days if Israel agrees to its demands.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the US says it's Hamas who are getting in the way of an agreement: <\/strong>\u201cThere is a deal on the table, and as we have said, Hamas needs to agree to that deal. Let's get a ceasefire,\u201d US Vice President Kamala Harris said at an event yesterday (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=BRRm_q3uBS8\" style=\"\" rel=\"noopener\">watch, runtime: 17:24<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>OPEC+ extends production squeeze:<\/strong> OPEC+ producers led by Saudi Arabia and Russia yesterday agreed to extend voluntary oil supply cuts of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/64121833-7675-4fb0-b223-e5da836c416e\" style=\"\" rel=\"noopener\">2.2 mn barrels per day<\/a> (bpd) for another three months until the end of 2Q 2024 in a bid to prevent a global surplus and stabilize market prices. \u201cThe decision sends a message of cohesion and confirms that the group is not in a hurry to supply volumes, supporting the view that when this finally happens, it will be gradual,\u201d the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d6236674-75e5-4893-889a-b412501891fa\" style=\"\" rel=\"noopener\">Financial Times<\/a> quoted Jefferies analyst Giacoma Romeo as saying. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/some-opec-members-agree-extend-voluntary-cuts-q2-sources-2024-03-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-03\/opec-extends-oil-supply-cuts-until-mid-year-to-avert-a-surplus?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/03\/03\/business\/opec-oil-production-cuts.html\" style=\"\" rel=\"noopener\">NY Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/11\/30\/riyadh-to-extend-1-million-barrel-per-day-cut-as-opec-holds-policy.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE IN NON-US ELECTION NEWS- Iran\u2019s parliamentary elections registered a <\/strong><strong>record-low voter turnout <\/strong>of 40.6% in a poll dominated by hardliners. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c2e621aa-d5c3-498b-9e00-c114b2d31776\" style=\"\" rel=\"noopener\">Financi<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c2e621aa-d5c3-498b-9e00-c114b2d31776\" style=\"\" rel=\"noopener\">al Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/unofficial-reports-put-iran-election-turnout-around-40-2024-03-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2024\/mar\/01\/iran-election-extended-by-two-hours-with-turnout-at-just-27\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2024\/03\/03\/iran-elections-tehran-vote-khamenei-turnout\/\" style=\"\" rel=\"noopener\">Washington Post<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>ICYMI- Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing, we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c149cc6e-3e21-4805-9338-d6fefbfa848a\" style=\"\" rel=\"noopener\">interviewed Mark Wyllie, CEO of dairy and juice producer Beyti<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/10\/CIRA-Blackboard-Banner-B-1600.jpg\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong>We take a look at the Higher Education Ministry\u2019s newly-established investment arm.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning from Dubai, where we\u2019re looking forward to the start of the EFG Hermes One on One in a couple of hours' time. Some 670 investors and 250 global institutions are also in town for the conference to meet with senior execs from more than 215 companies from 29 nations. We\u2019ll have coverage for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":616325,"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":[7204],"tags":[1419,72,2234,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-616324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-egp","tag-enterpriseam","tag-foreign-exchange","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"6cb8e10a-fa3c-4578-b1b0-623f894f87ab","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/3\/205.jpg","photo_position":"above","homepage_title":"","full_issue_title":"All eyes on the EGP","related_issue":[616322],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.e70bc936-fc90-435d-bc1b-0c9f14d1f30e.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>All eyes on the EGP - 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\/2024\/03\/04\/all-eyes-on-the-egp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All eyes on the EGP\" \/>\n<meta property=\"og:description\" content=\"Good morning from Dubai, where we\u2019re looking forward to the start of the EFG Hermes One on One in a couple of hours&#039; time. Some 670 investors and 250 global institutions are also in town for the conference to meet with senior execs from more than 215 companies from 29 nations. 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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\/2024\/03\/04\/all-eyes-on-the-egp\/","og_locale":"en_US","og_type":"article","og_title":"All eyes on the EGP","og_description":"Good morning from Dubai, where we\u2019re looking forward to the start of the EFG Hermes One on One in a couple of hours' time. Some 670 investors and 250 global institutions are also in town for the conference to meet with senior execs from more than 215 companies from 29 nations. We\u2019ll have coverage for [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-03-04T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/205.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":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"All eyes on the EGP","datePublished":"2024-03-04T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/"},"wordCount":1022,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/205.jpg?fit=%2C&ssl=1","keywords":["EGP","EnterpriseAM","foreign exchange","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/","name":"All eyes on the EGP - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/205.jpg?fit=%2C&ssl=1","datePublished":"2024-03-04T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/205.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/205.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/all-eyes-on-the-egp\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"All eyes on the EGP"}]},{"@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\/2024\/3\/205.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/205.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\/2024\/3\/205.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":629248,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egp-ytd-in-2018\/","url_meta":{"origin":616324,"position":0},"title":"EGP YTD in 2018","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"So how\u2019s the EGP faring? Year to date, it looks like this:","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/5\/120.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652124,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/egp-strengthens-4-to-18-3817-on-thursday\/","url_meta":{"origin":616324,"position":1},"title":"EGP strengthens 4% to 18.3817 on Thursday","author":"enterpriseam admin","date":"2 January 2017","format":false,"excerpt":"The EGP strengthened noticeably on Thursday, rising just over 4% to a market average sell rate of 18.3817 to the greenback from 19.1723 the day before. One day does not a trend make, but we confess to having breathed a sigh of relief.","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632849,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/what-were-tracking-on-21-february-2018\/","url_meta":{"origin":616324,"position":2},"title":"What we\u2019re tracking on 21 February 2018","author":"enterpriseam admin","date":"21 February 2018","format":false,"excerpt":"Amr El Garhy is projecting revenues in FY2018-19 will reach EGP 1 tn, a first in the country\u2019s history, Finance Ministry sources told Al Mal on Tuesday. The statements come as the ministry has begun drafting the budget for the next fiscal year with the hope of introducing it to\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651730,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/what-were-tracking-on-20-february-2017\/","url_meta":{"origin":616324,"position":3},"title":"What we\u2019re tracking on 20 February 2017","author":"enterpriseam admin","date":"20 February 2017","format":false,"excerpt":"We\u2019re below EGP 16 to the greenback: The EGP has strengthened to a three-month high with the central bank reporting that banks were buying greenbacks at an average rate of EGP 15.7576 per USD 1 yesterday. Bankers told Reuters the strengthening of the EGP owes in large part of a\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637726,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/23\/cigarette-price-increase-to-take-into-account-existing-fixed-tax\/","url_meta":{"origin":616324,"position":4},"title":"Cigarette price increase to take into account existing fixed tax","author":"enterpriseam admin","date":"23 November 2017","format":false,"excerpt":"CORRECTION- Cigarette prices could see a net increase of EGP 0.75 for packs costing less than EGP 18, EGP 1.25 for those sold for EGP 18-30, and EGP 1.25 for packs sold for more than 30. The new increases represent a rise in the fixed tax per pack. The old\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":607777,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/","url_meta":{"origin":616324,"position":5},"title":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards","author":"enterpriseam admin","date":"9 October 2023","format":false,"excerpt":"Good afternoon, ladies and gents. It\u2019s by far a calmer day today than it was yesterday, although we\u2019re running with many of the same themes. THE BIG STORY TODAY CBE instructed banks to start blocking use of EGP debit cards for FX transactions: Local banks have reportedly received verbal instructions\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\/2020\/11\/325.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\/616324","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=616324"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/616324\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/616322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/616325"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=616324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=616324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=616324"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=616324"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=616324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}