{"id":649902,"date":"2017-03-12T04:13:43","date_gmt":"2017-03-12T04:13:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again\/"},"modified":"2017-03-12T04:13:43","modified_gmt":"2017-03-12T04:13:43","slug":"electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again\/","title":{"rendered":"Electronics manufacturers backtrack on price reductions after USD strengthens again"},"content":{"rendered":"

Electronics manufacturers have backtracked on announced price reductions due to the USD rate rising again, Industrial Investors Union chairman Mohamed Geneidy tells Ahram Gate<\/a> without revealing who these companies were. According to Geneidy, banks are only supplying USD for basic commodities, causing manufacturers to struggle to get their hands on enough greenbacks to fulfill their needs. LG said last week<\/a> it would reduce prices of its home appliances by 9% and home entertainment products by 11% as the EGP strengthened, while Samsung reduced smartphone prices by 25% and announced it would cut 20-22% from television prices until 15 March.<\/p>\n","protected":false},"excerpt":{"rendered":"

Electronics manufacturers have backtracked on announced price reductions due to the USD rate rising again, Industrial Investors Union chairman Mohamed Geneidy tells Ahram Gate without revealing who these companies were. According to Geneidy, banks are only supplying USD for basic commodities, causing manufacturers to struggle to get their hands on enough greenbacks to fulfill their […]<\/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":[7255],"tags":[72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649902","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"c66a9733-f78d-41a1-9762-03fe5ac1dd28","order":"0","is_powered_by":true,"section_story_id":"535b5428-6130-4477-80d3-60d01c28c641","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649861],"teaser":"","voice_url":""},"yoast_head":"\nElectronics manufacturers backtrack on price reductions after USD strengthens again - 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\/03\/12\/electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electronics manufacturers backtrack on price reductions after USD strengthens again\" \/>\n<meta property=\"og:description\" content=\"Electronics manufacturers have backtracked on announced price reductions due to the USD rate rising again, Industrial Investors Union chairman Mohamed Geneidy tells Ahram Gate without revealing who these companies were. According to Geneidy, banks are only supplying USD for basic commodities, causing manufacturers to struggle to get their hands on enough greenbacks to fulfill their […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-12T04:13:43+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\/03\/12\/electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Electronics manufacturers backtrack on price reductions after USD strengthens again\",\"datePublished\":\"2017-03-12T04:13:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again\/\"},\"wordCount\":105,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/electronics-manufacturers-backtrack-on-price-reductions-after-usd-strengthens-again\/\",\"name\":\"Electronics manufacturers backtrack on price reductions after USD strengthens again - 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