{"id":649933,"date":"2017-03-13T04:11:47","date_gmt":"2017-03-13T04:11:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/"},"modified":"2017-03-13T04:11:47","modified_gmt":"2017-03-13T04:11:47","slug":"majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/","title":{"rendered":"Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting over inflation"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting over<\/strong><strong>inflation. <\/strong>Chief Executive Officer <a href=\"http:\/\/www.majidalfuttaim.com\/about-us\/board-of-directors\/holding\/alain-bejjani\/\">Alain Beijani<\/a> told Bloomberg Television that he\u2019s not concerned about inflation, saying that while Egypt is going through \u201cdifficult times,\u201d the nation has a lot to offer. The country is now approaching the \u201cend of the tunnel,\u201d having enacted tough reforms in 2016 and early 2017, he said, and the economy is starting to show signs of turning the corner. On consumer demand: \u201c<strong>Egypt has very deep consumer demand. The reality is that there\u2019s still growth in consumer demand<\/strong>. There\u2019s a change in consumption patterns that has been impacted by the [events of the] past two years, that\u2019s absolutely true. It\u2019s also been impacted by the change in offerings in the market given the restrictions on imports that were there, primarily driven by the lack of foreign currency. <strong>I would say that Egyptian consumer demand is still good. We\u2019re seeing more and more tourism coming into Egypt.<\/strong> In the last month we\u2019ve seen some very good news in that respect. So overall we\u2019re positive on the outlook.\u201d Outside Egypt, the Dubai-based Beijani says, MAF is looking to grow in the GCC and has entered Kenya this year. Majid Al Futtaim <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/01\/el-garhy-on-next-years-budget-projections-the-house-aversion-to-free-speech-mall-of-egypt-opening-tomorrow\/\">recently opened<\/a> its flagship Mall of Egypt in Six of October. <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/01\/el-garhy-on-next-years-budget-projections-the-house-aversion-to-free-speech-mall-of-egypt-opening-tomorrow\/\"><strong>Watch the full Bloomberg interview<\/strong><\/a>(runtime: 4:05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting overinflation. Chief Executive Officer Alain Beijani told Bloomberg Television that he\u2019s not concerned about inflation, saying that while Egypt is going through \u201cdifficult times,\u201d the nation has a lot to offer. The country is now approaching the \u201cend of the tunnel,\u201d having enacted tough [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":649934,"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-649933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2ea3b5dd-5d06-4091-b91e-1e0a471987ca","order":"0","is_powered_by":true,"section_story_id":"1eb1039a-22f6-4a01-8f64-7e63ea558ca7","story_type":"1","photo_url":"https:\/\/ent.news\/2017\/3\/1173.jpg","photo_position":"above","related_issue":[649926],"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>Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting over inflation - 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\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting over inflation\" \/>\n<meta property=\"og:description\" content=\"Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting overinflation. Chief Executive Officer Alain Beijani told Bloomberg Television that he\u2019s not concerned about inflation, saying that while Egypt is going through \u201cdifficult times,\u201d the nation has a lot to offer. The country is now approaching the \u201cend of the tunnel,\u201d having enacted tough [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-13T04:11:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/3\/1173.jpg?fit=%2C&ssl=1\" \/>\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\/2017\/03\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting over inflation\",\"datePublished\":\"2017-03-13T04:11:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/\"},\"wordCount\":242,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/3\/1173.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/majid-al-futtaim-boss-optimistic-about-egypt-consumer-sentiment-not-fretting-over-inflation\/\",\"name\":\"Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting over inflation - 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retail giant Majid Al Futtaim (MAF) is planning to open about 12 new stores in Egypt in the coming few months, CEO Alain Bejjani said in an interview with Bloomberg TV (watch; runtime 7:09). \u201cEgypt is\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/2747.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575961,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/04\/consumer-experience-is-essential-to-mall-and-retail-growth-in-ems\/","url_meta":{"origin":649933,"position":1},"title":"Consumer experience is essential to mall and retail growth in EMs","author":"enterpriseam admin","date":"4 November 2020","format":false,"excerpt":"Brick and mortar retail needs to be an experience, not a commodity: As brick and mortar retail growth declines in the West in favor of online commerce, malls in emerging markets have to look at retail as an overall experience, Majid Al Futtaim Properties CEO Ahmed Galal Ismail tells us\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/60.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591631,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/why-one-industry-insider-sees-a-bright-future-for-retail-e-commerce-or-not\/","url_meta":{"origin":649933,"position":2},"title":"Why one industry insider sees a bright future for retail, e-commerce or not","author":"enterpriseam admin","date":"11 December 2019","format":false,"excerpt":"Coffee with Ahmed Ismail, CEO of Majid Al Futtaim Properties: Egypt is a country that has no public space to speak of \u2014 no urban parks or preserves in which to picnic, to allow the children to roam wild, or in which teens can kick a ball around. And even\u2026","rel":"","context":"In &quot;Coffee with\u2026&quot;","block_context":{"text":"Coffee with\u2026","link":"https:\/\/enterpriseam.com\/egypt\/coffee-with\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/22.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546547,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/valu-majid-al-futtaim-launch-consumer-finance-product\/","url_meta":{"origin":649933,"position":3},"title":"valU, Majid Al Futtaim launch consumer finance product","author":"enterpriseam admin","date":"19 May 2022","format":false,"excerpt":"valU, MAF partner on consumer finance: EFG Hermes\u2019 buy-now-pay-later platform valU is partnering with Majid Al Futtaim (MAF) to introduce its \u2018Sha2labaz\u2019 consumer finance product at MAF\u2019s flagship Mall of Egypt and City Centre Almaza malls, according to a statement (pdf). Through Sha2labaz, shoppers can redeem the value of their\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597360,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/majid-al-futtaim-to-open-usd-437-mn-heliopolis-mall-in-september\/","url_meta":{"origin":649933,"position":4},"title":"Majid Al Futtaim to open USD 437 mn Heliopolis mall in September","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"Majid Al Futtaim will open its USD 437 mn City Centre Almaza in East Cairo in September, the company said in a statement (pdf). Owners will receive the keys to their shops at the beginning of September and the mall will be open to customers by the end of the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":591421,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/majid-al-futtaim-to-invest-egp-16-bn-in-egypt-in-the-next-2-3-years-ceo\/","url_meta":{"origin":649933,"position":5},"title":"Majid Al Futtaim to invest EGP 16 bn in Egypt in the next 2-3 years -CEO","author":"enterpriseam admin","date":"5 December 2019","format":false,"excerpt":"INVESTMENT WATCH- Majid Al Futtaim to invest EGP 16 bn in next 2-3 years: Emirati real estate developer and retail giant Majid Al Futtaim (MAF) will invest EGP 16 bn in Egypt over the next 2-3 years, CEO Alain Bejjani told Reuters. The company will put EGP 14 bn into\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/649933","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=649933"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649933\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/649934"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649933"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649933"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}