{"id":628882,"date":"2018-05-16T04:12:02","date_gmt":"2018-05-16T04:12:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine\/"},"modified":"2018-05-16T04:12:02","modified_gmt":"2018-05-16T04:12:02","slug":"marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine\/","title":{"rendered":"Marginal rise in USD rate ahead of Ramadan, MPs split from FEP, more on Palestine"},"content":{"rendered":"<p>The airwaves covered everything from updates on the violence in Palestine to the seasonal fall of the EGP against the USD.<\/p>\n<p><strong>The EGP falling to 17.86 per greenback is normal and expected due to seasonal factors including Ramadan<\/strong>, former Banque Misr deputy chairman Sahar El Damaty told Yahduth Fi Masr host Sherif Amer. Ramadan sees a spike in demand for food products driving up imports, while umrah season also drives up demand for FX. The rise in exchange rates is only temporary and will be reversed once the seasonal pressures pass, El Damaty said (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/583020992076211\/\">watch, runtime: 3:15<\/a>).<\/p>\n<p><strong>Egypt has ample reserves of all commodities heading into Ramadan<\/strong>, Supply Minister Ali El Moselhy told Al Hayah Al Youm. He provided host Tamer Amin with the list of prices for subsidized commodities, including rice and poultry, all of which will be available at the Ahlan Ramadan supermarket expo (<a href=\"https:\/\/www.youtube.com\/watch?v=o5vYz3AVL80\">watch, runtime: 6:16<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=ezuHci9ImxI\">runtime: 5:59<\/a>).<\/p>\n<p><strong>Guangzhou Goodsense Egypt\u2019s <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/24\/guangzhou-goodsense-breaks-ground-on-aluminum-composite-panels-factory\/\"><strong>USD 100 mn aluminum composite panels factory<\/strong><\/a><strong> will cover half of domestic demand <\/strong>once its three production lines are up and running, Chairman and Saudi investor Mohamed Al Khaldi told Masaa DMC\u2019s Osama Kamal. Al Khaldi noted that Egypt\u2019s demand for aluminum composite panels is relatively high, which encouraged the company\u2019s investors to establish the factory (<a href=\"https:\/\/www.youtube.com\/watch?v=DmitKZz3QYw\">watch, runtime: 3:08<\/a>). The panels are used for both construction and decorative purposes, Managing Director Sherif Saleh said (<a href=\"https:\/\/www.youtube.com\/watch?v=4B23jkT0K7c\">watch, runtime: 3:17<\/a>). Watch the full interview here (<a href=\"https:\/\/www.youtube.com\/watch?v=E3epQZHGvHc\">runtime: 23:13<\/a>).<\/p>\n<p><strong>Kamal also had a chat with Orascom Development CEO Khaled Bichara <\/strong>about sustainable development in the real estate and technology industries, as well as the rising trend among real estate developers to develop small but fully equipped cities. You can watch the full interview here (<a href=\"https:\/\/www.youtube.com\/watch?v=VtTBcZaOxDs\">runtime: 40:19<\/a>).<\/p>\n<p><strong>48 MPs split from FEP following internal leadership shakeup:<\/strong> 48 members of the Free Egyptians Party (FEP), including former head of FEP\u2019s parliamentary bloc Alaa Abed, have split from the party and plan to form a new political party, an unnamed parliamentary source <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=15052018&id=d39a010a-2269-4a9e-96b7-081540aa3fa2\">tells Al Shorouk<\/a>. The MPs\u2019 departure from the FEP came hours after FEP Chairman Essam Khalil issued a decision to replace Abed with Ayman Aboul Ela. Khalil told Hona Al Asema\u2019s Lamees Al Hadidi that the shakeup in leadership came after deliberations in parliament, and denied that he ousted Abed for wanting to merge the FEP with the Support Egypt Coalition if it were to become a party. Khalil maintained, however, that the FEP has no intention of merging with the coalition and plans to remain independent (<a href=\"https:\/\/www.youtube.com\/watch?v=xaTOWolOYPI\">watch, runtime: 6:50<\/a>).<\/p>\n<p><strong>Masaa DMC, Hona Al Asema, and Kol Youm also continued their coverage of the developments in Palestine<\/strong>, including a UN Security Council emergency meeting held yesterday. We have more details in Speed Round, below (<a href=\"https:\/\/www.youtube.com\/watch?v=odg16pn7B9Y\">watch, runtime: 5:18<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=L_HXYcmuQTo&t=29s\">runtime: 3:14<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The airwaves covered everything from updates on the violence in Palestine to the seasonal fall of the EGP against the USD. The EGP falling to 17.86 per greenback is normal and expected due to seasonal factors including Ramadan, former Banque Misr deputy chairman Sahar El Damaty told Yahduth Fi Masr host Sherif Amer. Ramadan sees [&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":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628882","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"3b6bd86c-6368-4a6c-beef-db729f30d9f1","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[628875],"teaser":"","voice_url":""},"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>Marginal rise in USD rate ahead of Ramadan, MPs split from FEP, more on Palestine - 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\/05\/16\/marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marginal rise in USD rate ahead of Ramadan, MPs split from FEP, more on Palestine\" \/>\n<meta property=\"og:description\" content=\"The airwaves covered everything from updates on the violence in Palestine to the seasonal fall of the EGP against the USD. The EGP falling to 17.86 per greenback is normal and expected due to seasonal factors including Ramadan, former Banque Misr deputy chairman Sahar El Damaty told Yahduth Fi Masr host Sherif Amer. Ramadan sees [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-16T04:12:02+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Marginal rise in USD rate ahead of Ramadan, MPs split from FEP, more on Palestine\",\"datePublished\":\"2018-05-16T04:12:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine\/\"},\"wordCount\":466,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Enterprise+: Last Night\u2019s Talk Shows\",\"EnterpriseAM\"],\"articleSection\":[\"Enterprise+: Last Night\u2019s Talk Shows\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/marginal-rise-in-usd-rate-ahead-of-ramadan-mps-split-from-fep-more-on-palestine\/\",\"name\":\"Marginal rise in USD rate ahead of Ramadan, MPs split from FEP, more on Palestine - 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We should see the price of goods start to fall by Ramadan,if the EGP \/ USD\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/413.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647629,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/education-development-and-ramadan-on-a-very-bland-night-of-talk-shows\/","url_meta":{"origin":628882,"position":1},"title":"Education, development and Ramadan on a very bland night of talk shows.","author":"enterpriseam admin","date":"16 May 2017","format":false,"excerpt":"Monday was a bland evening on the airwaves. Planning Minister Hala El Said told Hona Al Asema\u2019s Lamees Al Hadidi that the government\u2019s sustainable development plan aims to push GDP growth levels up to 4.6% over the next fiscal year and considerably decrease inflation levels. The plan also forecasts five-year\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644701,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/02\/fuel-price-hikes-steal-the-spotlight-on-the-airwaves\/","url_meta":{"origin":628882,"position":2},"title":"Fuel price hikes steal the spotlight on the airwaves","author":"enterpriseam admin","date":"2 July 2017","format":false,"excerpt":"The Ismail government\u2019s decision to hike fuel and energy prices last week ahead of the new fiscal year dominated the airwaves last night.On Hona Al Asema,Lamees Al Hadidi hosted none other than Petroleum Minister Tarek El Molla, who noted among other things that the phase-out of energy subsidies will make\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642236,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/","url_meta":{"origin":628882,"position":3},"title":"Falling budget deficit, criteria for new subsidy beneficiaries dominates Last Night\u2019s Talk Shows","author":"enterpriseam admin","date":"9 August 2017","format":false,"excerpt":"Egypt\u2019s falling budget deficit and new eligibility criteria for subsidy beneficiaries were front and center on the airwaves last night. The budget deficit narrowed to 10.9% in FY2016-17 from 12.5% a year before \u201cwithout any help from Arab neighbors,\u201d Finance Minister Amr El Garhy told Masaa DMC\u2019s Osama Kamal in\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630949,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/mbs-impresses-talking-heads-ramadan-released-on-bail\/","url_meta":{"origin":628882,"position":4},"title":"MbS impresses talking heads, Ramadan released on bail,","author":"enterpriseam admin","date":"6 March 2018","format":false,"excerpt":"Saudi Crown Prince Mohammed bin Salman was the talk of the town yesterday after his roundtable with Egyptian media\u2019s who\u2019s-who, including our beloved talking heads.That Egypt is \u201cnot selling land to Saudi Arabia\u201d is something Kol Youm\u2019s Amr Adib felt the need to clarify, as he proceeded to explain that\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627796,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/the-creature-named-okasha-looks-set-to-return-to-the-airwaves-when-talk-shows-return-from-ramadan-hiatus\/","url_meta":{"origin":628882,"position":5},"title":"The Creature Named Okasha looks set to return to the airwaves when talk shows return from Ramadan hiatus","author":"enterpriseam admin","date":"12 June 2018","format":false,"excerpt":"Dig a hole. Make it deep. Crawl into it. Pull the earth in on top of yourself. We can think of no other way to cope with the news that the creature named Tawfik Okasha is returning to television after Eid. That\u2019s right, folks: Okasha, the enemy (the Anti-Murrow if\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/6\/302.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\/628882","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=628882"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628882\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628875"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628882"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628882"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}