{"id":625024,"date":"2018-09-25T04:18:31","date_gmt":"2018-09-25T04:18:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/"},"modified":"2018-09-25T04:18:31","modified_gmt":"2018-09-25T04:18:31","slug":"raya-eyes-expansion-thanks-to-weak-pound","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/","title":{"rendered":"Raya eyes expansion thanks to weak pound"},"content":{"rendered":"

Raya eyes expansion thanks to weak pound: <\/strong>EGX-listed outsourcing services provider Raya Contact Center is expanding thanks to a weak EGP and relaxing of foreign currency restrictions, writes Tamim Elyan for Bloomberg<\/a>. Raya added 1,000 workstations this year, up from an average of 400 per year. \u201cWe are now getting back on the map,\u201d CEO and Managing Director Reem Assad said. \u201cWe are price competitive and foreign clients are now getting back in touch with us,\u201d she added. The company, which runs offshore call centers and makes 75% of its revenue from serving clients abroad, plans to reach a total of 10,000 workstations by end-2020, up from a current 6,700.<\/p>\n","protected":false},"excerpt":{"rendered":"

Raya eyes expansion thanks to weak pound: EGX-listed outsourcing services provider Raya Contact Center is expanding thanks to a weak EGP and relaxing of foreign currency restrictions, writes Tamim Elyan for Bloomberg. Raya added 1,000 workstations this year, up from an average of 400 per year. \u201cWe are now getting back on the map,\u201d CEO […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625024","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"260fcc56-429b-49f4-8821-eb98b06a99ee","order":"0","is_powered_by":true,"section_story_id":"c9d52fa4-bfe2-46c6-8ab5-bc9cd3b13f29","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625008],"teaser":"","voice_url":""},"yoast_head":"\nRaya eyes expansion thanks to weak pound - 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\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya eyes expansion thanks to weak pound\" \/>\n<meta property=\"og:description\" content=\"Raya eyes expansion thanks to weak pound: EGX-listed outsourcing services provider Raya Contact Center is expanding thanks to a weak EGP and relaxing of foreign currency restrictions, writes Tamim Elyan for Bloomberg. Raya added 1,000 workstations this year, up from an average of 400 per year. \u201cWe are now getting back on the map,\u201d CEO […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-25T04:18:31+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya eyes expansion thanks to weak pound\",\"datePublished\":\"2018-09-25T04:18:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/\"},\"wordCount\":112,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/\",\"name\":\"Raya eyes expansion thanks to weak pound - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-09-25T04:18:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Raya eyes expansion thanks to weak pound\"}]},{\"@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":"Raya eyes expansion thanks to weak pound - 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\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/","og_locale":"en_US","og_type":"article","og_title":"Raya eyes expansion thanks to weak pound","og_description":"Raya eyes expansion thanks to weak pound: EGX-listed outsourcing services provider Raya Contact Center is expanding thanks to a weak EGP and relaxing of foreign currency restrictions, writes Tamim Elyan for Bloomberg. Raya added 1,000 workstations this year, up from an average of 400 per year. \u201cWe are now getting back on the map,\u201d CEO […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-09-25T04:18:31+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Raya eyes expansion thanks to weak pound","datePublished":"2018-09-25T04:18:31+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/"},"wordCount":112,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/","name":"Raya eyes expansion thanks to weak pound - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-09-25T04:18:31+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/raya-eyes-expansion-thanks-to-weak-pound\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Raya eyes expansion thanks to weak pound"}]},{"@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":648648,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/raya-contact-center-looking-to-expand-in-france\/","url_meta":{"origin":625024,"position":0},"title":"Raya Contact Center looking to expand in France","author":"enterpriseam admin","date":"9 April 2017","format":false,"excerpt":"Raya Contact Center is looking to raise EGP 100 mn from its IPO on the EGX and will use the proceeds to expand into the Moroccan market, Al Mal reports. The company expects to begin operating in Morocco by 2018 with its eyes set on providing services to the French\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571093,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/29\/rayas-bariq-peaks-interest-of-foreign-local-investors\/","url_meta":{"origin":625024,"position":1},"title":"Raya\u2019s BariQ peaks interest of foreign, local investors","author":"enterpriseam admin","date":"29 April 2020","format":false,"excerpt":"M&A WATCH- Raya\u2019s BariQ piques foreign, local investors\u2019 interest: Several unnamed investors have expressed interest in Raya Holding\u2019s recycled plastic producer BariQ, Raya said in a disclosure yesterday (pdf). Raya has received offers of interest for minority and majority stakes as well as proposals to buy out the company but\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559725,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/02\/raya-eyes-expansion-efic-plans-fertilizer-production-upgrade\/","url_meta":{"origin":625024,"position":2},"title":"Raya eyes expansion + EFIC plans fertilizer production upgrade","author":"enterpriseam admin","date":"2 February 2021","format":false,"excerpt":"Raya Holding for Financial Investments will invest EGP 400 mn in 2021 to expand into new sectors, CEO Medhat Khalil told Reuters in an interview cited by Al Arabiya. The company will self-finance half of the amount and is lining up bank finance for the rest, he said.Haier Raya kickstarts\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598120,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/raya-holding-plans-egp-500-mn-bond-issuance\/","url_meta":{"origin":625024,"position":3},"title":"Raya Holding plans EGP 500 mn bond issuance","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"Could Raya Holding break a decade-long dry spell in Egypt\u2019s corporate bond market? Raya Holding is planning to issue EGP 500 mn worth of three-year bonds to finance its expansion without resorting to high-interest rates on bank loans, Al Mal reports. The issuance could take place before the end of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576208,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/16\/raft-of-new-investments-bodes-well-for-short-term-recovery\/","url_meta":{"origin":625024,"position":4},"title":"Raft of new investments bodes well for short-term recovery","author":"enterpriseam admin","date":"16 November 2020","format":false,"excerpt":"INVESTMENT WATCH- A run of news that suggests we\u2019re turning a corner? In a stark contrast this summer\u2019s news of frozen CAPEX spending and investments being put on hold, we\u2019re seeing a spate of announcements on new investment, expansion, and CAPEX spending in the past week. The trend is in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/160.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571168,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/six-foreign-and-egyptian-investors-want-a-stake-of-rayas-bariq\/","url_meta":{"origin":625024,"position":5},"title":"Six foreign and Egyptian investors want a stake of Raya\u2019s BariQ","author":"enterpriseam admin","date":"3 May 2020","format":false,"excerpt":"M&A WATCH- At least six foreign and Egyptian investors have shown interest in acquiring a stake in Raya Holding's recycled plastic producer BariQ, including an Egyptian investment institution that seeks full ownership, Al Mal reports, citing an unnamed source Five other foreign and local investors have made non-binding offers to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625024","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=625024"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625024\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625008"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625024"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625024"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}