{"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. 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Libya truce talks enter their second day in Moscow today, after eight hours of negotiations failed to produce\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":599981,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/16\/what-were-tracking-on-16-january-2019\/","url_meta":{"origin":616324,"position":1},"title":"What we\u2019re tracking on 16 January 2019","author":"enterpriseam admin","date":"16 January 2019","format":false,"excerpt":"You can now email your financial statements to the FRA: The Financial Regulatory Authority (FRA) now requires emailed copies of quarterly and annual financials for companies that have issued (or are in the process of issuing) securities to the public, the regulator said yesterday (pdf). Companies are to send their\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":561177,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/what-were-tracking-on-29-march-2021\/","url_meta":{"origin":616324,"position":2},"title":"What we\u2019re tracking on 29 March 2021","author":"enterpriseam admin","date":"29 March 2021","format":false,"excerpt":"Good morning, nice people. Mondays are typically the slowest news days of the week, but not so today \u2014 we have plenty going on.IT\u2019S A BIG DAY FOR: Our covid-19 vaccine rollout. Yesterday, we reported that it seems unlikely we\u2019re going to be getting anytime soon the 5 mn of\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":578879,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/all-eyes-on-the-action-in-our-fx-market\/","url_meta":{"origin":616324,"position":3},"title":"All eyes on the action in our FX market","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"The international press is focusing on the return of foreign inflows to our FX market following the latest devaluation of the EGP (get the full story in What We\u2019re Tracking Today, above.) Bloomberg is also out with a recap on the recent movements in the EGP \/ USD rate as\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/277.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578592,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/05\/this-morning-enjoy-the-long-weekend-folks\/","url_meta":{"origin":616324,"position":4},"title":"THIS MORNING: Enjoy the long weekend, folks","author":"enterpriseam admin","date":"5 January 2023","format":false,"excerpt":"Good morning, wonderful people. Happy Thursday \u2014 and a very Merry Christmas to everyone celebrating this weekend. THE BIG STORY here at home this morning is the Central Bank of Egypt\u2019s big move yesterday on the foreign exchange front. Hassan Abdalla allowed the EGP to slide nearly 7% against the\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\/2023\/1\/85.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550048,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/this-morning-the-imfs-crystal-ball-is-dark-and-stormy\/","url_meta":{"origin":616324,"position":5},"title":"THIS MORNING: The IMF\u2019s crystal ball is dark and stormy","author":"enterpriseam admin","date":"12 October 2022","format":false,"excerpt":"Good morning, lovely people, and happy almost-Thursday. All eyes remain fixed on Washington DC this morning as the IMF and World Bank annual meetings continue.On the home front, it\u2019s a good day on Planet Startup as two pharma companies snag funding rounds and the Nclude fintech fund gets a boost\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":[]}],"_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}]}}