{"id":616999,"date":"2024-03-14T00:00:00","date_gmt":"2024-03-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/"},"modified":"2024-03-14T00:00:00","modified_gmt":"2024-03-14T00:00:00","slug":"another-package","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/","title":{"rendered":"Another package?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, folks. <\/strong>It\u2019s another busy morning led by the latest on our awaited EU package \u2014 we are now looking at up to EUR 7.4 bn in funding likely to be inked and announced on Sunday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have the full story in the news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, when do we eat<\/strong><strong>?<\/strong> Maghrib prayers are at 6:03pm in the capital, and you\u2019ll have until 4:38am tomorrow to hydrate and caffeinate ahead of fajr.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1-Gov\u2019t has a plan to pay down overdue arrears:<\/strong> The government intends to pay off our commitments to \u201cforeign partners,\u201d Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0ek7NvZA49Wxr58VhtpvoqEbCRY3X66Wf6HWA6VU1k9mHhZszKRpyS5bdfncKzT9il\" style=\"\" rel=\"noopener\">said yesterday<\/a>. Local reports last week estimated the current arrears to international oil and gas companies at USD 6.25 bn, adding that the Oil Ministry has been working to pay USD 1-1.5 bn of it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a><strong>#2- Efforts to clear backlogs in port are well underway: <\/strong>Madbouly said at yesterday\u2019s cabinet meeting that some USD 3 bn worth of goods have been released from ports over the past few days. Finance Minister <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0yxVSVp7T58SGHHGQyp65ntP4PLXyq4LwGbkh35Ch1us2zpq1GR8uHdsTdNvDXE14l\" style=\"\" rel=\"noopener\">Mohamed Maait said<\/a> the state has released some USD 1.7-bn worth of basic commodities and production materials over the last ten days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong>A top government official told us <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ff3f1fe-8206-4052-b4da-085131fed0a4\" style=\"\" rel=\"noopener\">following the USD 35 bn Ras El Hekma agreement<\/a> that addressing the import backlog and paying arrears owed to foreign partners are among the cabinet\u2019s top priorities. The Madbouly government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3243fcc0-a489-43a0-ad11-2a879a054e1e\" style=\"\" rel=\"noopener\">last week<\/a> ramped up efforts to clear the backlog of goods in ports, with an emphasis on prioritizing strategic goods and production requirements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/996.jpg?ssl=1\"\/><\/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\">FX WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Remittances have increased 10-fold since the float: <\/strong>Egypt-bound transfers from Egyptian expats have increased 10-fold since the central bank floated the EGP, Banque Misr Chairman Mohamed El Etreby told Extra News, without providing further information (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=KTZa3v6THs0\" style=\"\" rel=\"noopener\">watch, runtime: 3:06<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong>Remittances were <a target=\"_blank\" href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=17022024&id=b257be58-013c-48b8-ad7b-21b390d5cbd9\" style=\"\" rel=\"noopener\">down 30% y-o-y to USD 22 bn in 2023<\/a> as Egyptians abroad held onto their money or sent it back through parallel mechanisms. The government said it wants to raise remittances \u2014 one of Egypt\u2019s biggest sources of FX \u2014 from Egyptian expats <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63475988-4cb4-4a7f-8124-9a9bc5677029\" style=\"\" rel=\"noopener\">by 10% each year<\/a> to reach USD 53 bn by 2030.<\/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\"><a id=\"wwtt4\"><\/a> <strong>DATA POINT- <\/strong><strong>The total value of imported passenger cars was up <\/strong><strong>9%<\/strong><strong> y-o-y to USD 2.1 bn in <\/strong><strong>2023<\/strong>, according to data from state statistics agency Capmas.<\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>Get ready to meet the new face of Arafa Holding: <\/strong>The EGX will halt trading on Arafa Holding, the company behind fashion brand Concrete, starting Sunday as the holding company carries out a demerger, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1217.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The transaction will see our friends at Arafa rebrand to Concrete Fashion Group for Trade and Industrial Investment and spin off subsidiary Gtex for Trade and Industrial Investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shares of the two companies will be trading on the EGX<\/strong> starting Sunday, 24 March. We\u2019ll have more next week, but the star to watch will be Concrete Fashion Group, which will make its market debut with an impressive board, strong management team, and assets that include domestic fashion player Concrete as well as a strong export portfolio. <\/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<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">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\">THE 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>It\u2019s a toss-up between the US presidential election and Tiktok for which story is getting <\/strong><strong>the most attention this morning<\/strong> in the global business press. Media outlets around the world are taking stock of Trump v. Biden, Round II \u2014 it\u2019s the first rematch between US presidential contenders <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/presidential-race-rematch-history-biden-trump-cleveland-8d5c41537e397cb02924ef60e1183dca\" style=\"\" rel=\"noopener\">since 1956<\/a>. They\u2019re also asking what\u2019s next for Tiktok after the House of Representatives voted yesterday to give owner ByteDance six months to sell it or face a ban in the US of A. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Must-read on the US election:<\/strong><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-biden-primary-georgia-washington-mississippi-hawaii-15bb0084ad656903ffef14cfae822abd\" style=\"\" rel=\"noopener\">Biden and Trump clinch nominations, setting the stage for a<\/a><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-biden-primary-georgia-washington-mississippi-hawaii-15bb0084ad656903ffef14cfae822abd\" style=\"\" rel=\"noopener\">grueling general election rematch<\/a> (Associated Press).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Must-read on TikTok:<\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6857cfc9-077d-493f-945d-eafd1ba5bb20\" style=\"\" rel=\"noopener\">What\u2019s next for TikTok and its US users after House approves ban<\/a> (Financial Times).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cue the protectionists: Overseas takeovers of high-profile western companies are raising <\/strong><strong>hackles in London and Washington.<\/strong> Rishi Sunak is pushing for legislation that would <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/03\/13\/2024\/uk-to-ban-foreign-states-from-owning-newspapers-after-telegraph-controversy\" style=\"\" rel=\"noopener\">prevent UAE-backed RedBird IMI from bidding for The Telegraph<\/a>. And across the pond, Joe Biden is expected to speak out today against <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/biden-express-concern-over-nippon-steels-deal-us-steel-ft-reports-2024-03-13\/\" style=\"\" rel=\"noopener\">Nippon Steel\u2019s USD 14.9 bn bid for US Steel<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHILE CLOSER TO HOME- Adnoc and BP\u2019s USD 2 bn bid for Israeli natural gas giant NewMed Energy has been put on ice<\/strong>, amid <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/israels-newmed-says-bp-adnoc-buy-in-offer-hold-2024-03-13\/\" style=\"\" rel=\"noopener\">\u201cuncertainty created in the external environment.\u201d<\/a> There is still potential for the companies to complete their bid, which would see them acquiring <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/adnoc-bp-bids-interest-israels-newmed-energy-2023-03-28\/\" style=\"\" rel=\"noopener\">50% of NewMed<\/a>, once geopolitical tensions have cooled, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-13\/bp-adnoc-deal-to-buy-stake-in-israel-s-newmed-is-suspended\" style=\"\" rel=\"noopener\">Bloomberg<\/a> cites a person familiar with the matter as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc and BP have other plans in the meantime:<\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9fd335ef-2113-4b8c-9749-0ac62362768a\" style=\"\" rel=\"noopener\">Last month<\/a>, the companies agreed to form a joint venture to develop natural gas assets in Egypt. Adnoc will provide funds to support the venture\u2019s expansion, while BP will contribute its stakes in three development concessions. The JV is scheduled to go live in 2H 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> NewMed owns 45% of the Leviathan gas field that feeds into Egypt\u2019s Idku and Damietta LNG processing plants. Egypt is hoping to pump more LNG to Europe in the coming years after Israel agreed in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c08bc0ac-2dd6-4c8e-95b3-c3a8cb6003a6\" style=\"\" rel=\"noopener\">August<\/a> to ramp up exports from Leviathan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, folks. It\u2019s another busy morning led by the latest on our awaited EU package \u2014 we are now looking at up to EUR 7.4 bn in funding likely to be inked and announced on Sunday. ^^ We have the full story in the news well, below. So, when do we eat? Maghrib prayers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,7192,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-616999","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-eu","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"8ea59e39-6fc2-4391-a708-7c96349d5908","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Another package?","related_issue":[616997],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.2ac58c1a-e897-4077-ad6f-c5dd40aba642.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>Another package? - 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\/14\/another-package\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another package?\" \/>\n<meta property=\"og:description\" content=\"Good morning, folks. It\u2019s another busy morning led by the latest on our awaited EU package \u2014 we are now looking at up to EUR 7.4 bn in funding likely to be inked and announced on Sunday. ^^ We have the full story in the news well, below. So, when do we eat? Maghrib prayers [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2024\/3\/996.jpg\" \/>\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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Another package?\",\"datePublished\":\"2024-03-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/\"},\"wordCount\":885,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2024\/3\/996.jpg\",\"keywords\":[\"EnterpriseAM\",\"EU\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/\",\"name\":\"Another package? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2024\/3\/996.jpg\",\"datePublished\":\"2024-03-14T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#primaryimage\",\"url\":\"https:\/\/ent.news\/2024\/3\/996.jpg\",\"contentUrl\":\"https:\/\/ent.news\/2024\/3\/996.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Another package?\"}]},{\"@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":"Another package? - 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\/14\/another-package\/","og_locale":"en_US","og_type":"article","og_title":"Another package?","og_description":"Good morning, folks. It\u2019s another busy morning led by the latest on our awaited EU package \u2014 we are now looking at up to EUR 7.4 bn in funding likely to be inked and announced on Sunday. ^^ We have the full story in the news well, below. So, when do we eat? Maghrib prayers [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-03-14T00:00:00+00:00","og_image":[{"url":"https:\/\/ent.news\/2024\/3\/996.jpg","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Another package?","datePublished":"2024-03-14T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/"},"wordCount":885,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2024\/3\/996.jpg","keywords":["EnterpriseAM","EU","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/","name":"Another package? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2024\/3\/996.jpg","datePublished":"2024-03-14T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#primaryimage","url":"https:\/\/ent.news\/2024\/3\/996.jpg","contentUrl":"https:\/\/ent.news\/2024\/3\/996.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Another package?"}]},{"@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":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":629188,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/what-were-tracking-on-24-may-2018\/","url_meta":{"origin":616999,"position":0},"title":"What we\u2019re tracking on 24 May 2018","author":"enterpriseam admin","date":"24 May 2018","format":false,"excerpt":"We hope you, like us, have had a wonderful week and are looking forward to the second weekend of Ramadan. We are forever grateful for the privilege of writing all of you each morning.Our top three stories this morning are at the intersection of energy and social stability. Sources close\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":616918,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/13\/eu-package-on-the-horizon\/","url_meta":{"origin":616999,"position":1},"title":"EU package on the horizon?","author":"enterpriseam admin","date":"13 March 2024","format":false,"excerpt":"Good morning, friends. It\u2019s another morning with the news cycle heavily dominated by the aftermath of the latest wave of reforms, but worry not it\u2019s all good news \u2014 FX movement in and out of the country is inching closer to normalcy and Moody\u2019s has upgraded its credit outlook 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\/2024\/3\/1127.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663129,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/27\/were-on-track-for-a-eur-4-bn-financing-agreement-with-the-eu\/","url_meta":{"origin":616999,"position":2},"title":"We\u2019re on track for a EUR 4 bn financing agreement with the EU","author":"enterpriseam admin","date":"27 March 2025","format":false,"excerpt":"Good afternoon, wonderful people, and congratulations on another successful workweek. The news cycle seems to be winding down as Eid inches closer, allowing for a shorter issue today that covers Egypt\u2019s latest financing MOU with the EU, all you need to know about the latest Trump tariffs, and insight on\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":568434,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/30\/what-were-tracking-on-30-december-2020\/","url_meta":{"origin":616999,"position":3},"title":"What we\u2019re tracking on 30 December 2020","author":"enterpriseam admin","date":"30 December 2020","format":false,"excerpt":"Well, friends \u2014 we made it through 2020 together. Most of us here haven\u2019t seen each other since early March, when we went fully WFH, and trust us: The honor of writing you all each morning is one of the things that has kept us going in this ridiculous year.Thank\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":646312,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/what-were-tracking-on-12-june-2017\/","url_meta":{"origin":616999,"position":4},"title":"What we\u2019re tracking on 12 June 2017","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"We\u2019re now officially in the dog days of Ramadan. How do we know? Well, for starters, there\u2019s nearly no domestic news of any flavour today. Then there\u2019s the fact that the biggest story on \u2018Egypt\u2019 in the international press this morning is confirmation that the next iteration of the popular\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":562485,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/this-morning-blinken-is-in-town-imf-staff-agreement-on-third-sba-loan-tranche-budget-week-rolls-on\/","url_meta":{"origin":616999,"position":5},"title":"THIS MORNING: Blinken is in town + IMF staff agreement on third SBA loan tranche + budget week rolls on","author":"enterpriseam admin","date":"26 May 2021","format":false,"excerpt":"Good morning, friends. We\u2019re almost at the weekend, and diplomacy dominates the press, the airwaves, and our issue today. We have the updates on Palestine, GERD, and Qatar, but first:THE BIG STORY HERE AT HOME- Egypt looks set to unlock the USD 1.6 bn third and final tranche of its\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\/616999","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=616999"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/616999\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/616997"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=616999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=616999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=616999"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=616999"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=616999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}