{"id":638817,"date":"2017-10-15T03:54:26","date_gmt":"2017-10-15T03:54:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banking-sector-draws-in-usd-52-bn-since-float\/"},"modified":"2017-10-15T03:54:26","modified_gmt":"2017-10-15T03:54:26","slug":"banking-sector-draws-in-usd-52-bn-since-float","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banking-sector-draws-in-usd-52-bn-since-float\/","title":{"rendered":"Banking sector draws in USD 52 bn since float"},"content":{"rendered":"

Egypt\u2019s banking sector managed to draw in some USD 52 bn since the EGP float last November, CBE Deputy Governor Rami Abul Naga tells the state news agency<\/a>. \"The remittances of the Egyptian expats, investments and export revenues were the reasons behind the increase of the FX,\" he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s banking sector managed to draw in some USD 52 bn since the EGP float last November, CBE Deputy Governor Rami Abul Naga tells the state news agency. \"The remittances of the Egyptian expats, investments and export revenues were the reasons behind the increase of the FX,\" he said.<\/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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638817","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"5187d97a-2fdc-4487-9403-1f892677c229","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[638773],"teaser":"","voice_url":""},"yoast_head":"\nBanking sector draws in USD 52 bn since float - 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\/2017\/10\/15\/banking-sector-draws-in-usd-52-bn-since-float\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking sector draws in USD 52 bn since float\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s banking sector managed to draw in some USD 52 bn since the EGP float last November, CBE Deputy Governor Rami Abul Naga tells the state news agency. "The remittances of the Egyptian expats, investments and export revenues were the reasons behind the increase of the FX," he said.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banking-sector-draws-in-usd-52-bn-since-float\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-15T03:54:26+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banking-sector-draws-in-usd-52-bn-since-float\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banking-sector-draws-in-usd-52-bn-since-float\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banking sector draws in USD 52 bn since float\",\"datePublished\":\"2017-10-15T03:54:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banking-sector-draws-in-usd-52-bn-since-float\/\"},\"wordCount\":57,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banking-sector-draws-in-usd-52-bn-since-float\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banking-sector-draws-in-usd-52-bn-since-float\/\",\"name\":\"Banking sector draws in USD 52 bn since float - 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DNE suggests these include the National Bank of Egypt, Banque du Caire, CIB and QNB Al Ahly. The news came as\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":650957,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/01\/inflows-to-banking-sector-hit-usd-9-bn-since-float-of-egp\/","url_meta":{"origin":638817,"position":1},"title":"Inflows to banking sector hit USD 9 bn since float of EGP","author":"enterpriseam admin","date":"1 February 2017","format":false,"excerpt":"Total inflows into the banking sector since the float of the EGP in early November have now hit USD 9 bn, according to a comment from a senior Central Bank of Egypt official carried yesterday by Reuters. The story does not make clear where Assistant Sub-Governor Rami Aboulnaga made the\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":642505,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/usd-47bn-in-transactions-since-the-float\/","url_meta":{"origin":638817,"position":2},"title":"USD 47bn in transactions since the float","author":"enterpriseam admin","date":"15 August 2017","format":false,"excerpt":"The banking sector has made USD 47 bn available for import-export activities since the EGP was floated in November, central bank Deputy Governor for Control and Risk Tarek Fayed tells Al Borsa. USD 34 bn of the total financed LCs, with the balance used for new applications.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645978,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/01\/banks-cover-usd-35-bn-in-imports-since-egp-float\/","url_meta":{"origin":638817,"position":3},"title":"Banks cover USD 35 bn in imports since EGP float","author":"enterpriseam admin","date":"1 June 2017","format":false,"excerpt":"The banking sector has covered USD 35 bn in imports since the EGP was floated back in November until May 2017, said CBE Sub-Governor Tarek Fayed in a emailed statement. Banks covered USD 25 bn in letters of credit to importers and have issued USD 10 bn in new LCs\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642611,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/17\/banking-system-received-usd-41-bn-since-egp-float\/","url_meta":{"origin":638817,"position":4},"title":"Banking system received USD 41 bn since EGP float","author":"enterpriseam admin","date":"17 August 2017","format":false,"excerpt":"The banking system has collected USD 41 bn since the EGP float last November, Ahram Gate reports, citing an unnamed source from the central bank.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648457,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/04\/cbe-has-allocated-usd-23-bn-towards-foreign-trade-since-egp-float\/","url_meta":{"origin":638817,"position":5},"title":"CBE has allocated USD 23 bn towards foreign trade since EGP float","author":"enterpriseam admin","date":"4 April 2017","format":false,"excerpt":"The central bank allocated USD 23 bn to finance foreign trade since the EGP float last November, according to a statement from the Ismail cabinet following a meeting between CBE Governor Tarek Amer and Prime Minister Sherif Ismail on monetary policy. 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