{"id":645390,"date":"2017-07-19T03:43:53","date_gmt":"2017-07-19T03:43:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/what-were-tracking-on-19-july-2017\/"},"modified":"2017-07-19T03:43:53","modified_gmt":"2017-07-19T03:43:53","slug":"what-were-tracking-on-19-july-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/what-were-tracking-on-19-july-2017\/","title":{"rendered":"What we\u2019re tracking on 19 July 2017"},"content":{"rendered":"<p><strong>CIB confirmed to <\/strong><a href=\"http:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1A30J0?sp=true\"><strong>Reuters\u2019 Ehab Farouk<\/strong><\/a><strong> yesterday it is allowing clients to buy up to USD 2k each month without requiring any proof of travel<\/strong>, but that any additional sums require documentation. Banque Misr is also allowing its clients to buy up to USD 2,000, but caps it there. A source at National Bank of Egypt did not specify a limit on the amounts offered to clients, noting that it is set at each branch\u2019s discretion and is a function, in part, of the bank\u2019s relationship with any individual client. Arab African International Bank says it is allowing clients to purchase USD \u201cfreely.\u201d<\/p>\n<p><strong>The Central Bank of Egypt received a second, USD 1.25 bn installment of the IMF loan yesterday<\/strong>, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1164113\">Al Masry Al Youm<\/a> reported. The installment will be used to support the central bank\u2019s reserves balance, a source said. It is also the final installment of the first USD 4 bn tranche of the IMF\u2019s USD 12 bn loan to Egypt, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/273820\/Business\/Economy\/Egypt-receives-final--bln-in-first-tranche-of-IMF-.aspx\">Ahram Online<\/a> notes. We reported <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/18\/egypt-to-receive-third-installment-of-imf-loan-by-january\/\">yesterday<\/a> that Finance Minister Amr El Garhy expects a third installment of USD 2 bn to be disbursed by December or January.<\/p>\n<p><strong>Foreign Minister Sameh Shoukry will be heading to Baghdad today<\/strong> to talk cooperation and regional issues with various state officials, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1164223\">AMAY says<\/a>. On Shoukry\u2019s agenda are meetings with the Iraqi president, vice president, prime minister, foreign minister, and parliament speaker.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CIB confirmed to Reuters\u2019 Ehab Farouk yesterday it is allowing clients to buy up to USD 2k each month without requiring any proof of travel, but that any additional sums require documentation. Banque Misr is also allowing its clients to buy up to USD 2,000, but caps it there. A source at National Bank of [&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":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645390","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"32126fe8-5704-4064-a038-e36badadb5f1","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645388],"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>What we\u2019re tracking on 19 July 2017 - 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\/07\/19\/what-were-tracking-on-19-july-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on 19 July 2017\" \/>\n<meta property=\"og:description\" content=\"CIB confirmed to Reuters\u2019 Ehab Farouk yesterday it is allowing clients to buy up to USD 2k each month without requiring any proof of travel, but that any additional sums require documentation. Banque Misr is also allowing its clients to buy up to USD 2,000, but caps it there. 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We\u2019d like to wish our readers a very happy New Year. This will be our final issue of Enterprise for 2017. The banking sector and EGX are officially off this coming Monday in observance of the first day of the New Year, state news\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":645165,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/what-were-tracking-on-13-july-2017\/","url_meta":{"origin":645390,"position":1},"title":"What we\u2019re tracking on 13 July 2017","author":"enterpriseam admin","date":"13 July 2017","format":false,"excerpt":"IMF to decide on USD 1.25 bn disbursement today: The Executive Board of the International Monetary Fund will be meeting today to review progress on Egypt\u2019s economic reforms ahead of voting to release the second USD 1.25 bn disbursement of the IMF\u2019s USD 12 bn Extended Fund Facility. After some\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":566306,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/10\/state-banks-get-plenty-of-funding-from-global-lenders\/","url_meta":{"origin":645390,"position":2},"title":"State banks get plenty of funding from global lenders","author":"enterpriseam admin","date":"10 June 2021","format":false,"excerpt":"Banque du Caire (BdC) signed a financing agreement worth USD 200 mn with the African Export-Import Bank (Afreximbank), chairman and CEO of BdC Tarek Fayed told Al Mal in an interview today. The funding will be directed at BdC\u2019s expansion plans in Africa and financing intra-trade across the continent, he\u2026","rel":"","context":"In &quot;SPEED ROUND: DEBT WATCH&quot;","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-debt-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":650949,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/01\/imf-delegation-in-cairo-to-begin-review\/","url_meta":{"origin":645390,"position":3},"title":"IMF delegation in Cairo to begin review","author":"enterpriseam admin","date":"1 February 2017","format":false,"excerpt":"An IMF delegation arrived in Cairo yesterday and \u201cis staying two or three days\u201d to begin the review required before the disbursement of a second installment of the IMF funding, according to Reuters. The second installment is worth USD 1.25 bn and, according to the IMF\u2019s proposed schedule, it should\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":596159,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/what-were-tracking-on-20-august-2019\/","url_meta":{"origin":645390,"position":4},"title":"What we\u2019re tracking on 20 August 2019","author":"enterpriseam admin","date":"20 August 2019","format":false,"excerpt":"We\u2019re just two days away from the Central Bank of Egypt\u2019s Monetary Policy Committee meeting. The general consensus among economists we polled in our survey this week is that the MPC will push ahead with the first rate cut since February, with most anticipating a 100 bps cut.Naeem Holdings\u2019 Yara\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":650242,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/what-were-tracking-this-week-198\/","url_meta":{"origin":645390,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"20 March 2017","format":false,"excerpt":"Date for El Sisi\u2019s visit to DC set? President Abdel Fattah El Sisi will be visiting Washington D.C. on 3 April to meet US President Donald Trump, according to Reuters, citing an unnamed White House official. Foreign Minister Sameh Shoukry will be flying to Washington on Wednesday to attend a\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"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\/645390","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=645390"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645390\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/645388"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=645390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=645390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=645390"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=645390"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=645390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}