{"id":651712,"date":"2017-02-19T04:06:19","date_gmt":"2017-02-19T04:06:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses\/"},"modified":"2017-02-19T04:06:19","modified_gmt":"2017-02-19T04:06:19","slug":"airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses\/","title":{"rendered":"Airlines refusing to repatriate profits following EGP float-induced losses"},"content":{"rendered":"

Some international airlines are refusing to repatriate profits from Egypt following the losses they have incurred after the EGP devaluation, Al Mal<\/a> reported. A source said the central bank has asked the airlines to wait until June to repatriate their profits, and that they are working together to resolve the issue.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some international airlines are refusing to repatriate profits from Egypt following the losses they have incurred after the EGP devaluation, Al Mal reported. A source said the central bank has asked the airlines to wait until June to repatriate their profits, and that they are working together to resolve the issue.<\/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-651712","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":"cbf29379-7971-41d2-946b-b810c63ca4e5","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651672],"teaser":"","voice_url":""},"yoast_head":"\nAirlines refusing to repatriate profits following EGP float-induced losses - 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\/02\/19\/airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Airlines refusing to repatriate profits following EGP float-induced losses\" \/>\n<meta property=\"og:description\" content=\"Some international airlines are refusing to repatriate profits from Egypt following the losses they have incurred after the EGP devaluation, Al Mal reported. A source said the central bank has asked the airlines to wait until June to repatriate their profits, and that they are working together to resolve the issue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-19T04:06:19+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\/02\/19\/airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Airlines refusing to repatriate profits following EGP float-induced losses\",\"datePublished\":\"2017-02-19T04:06:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses\/\"},\"wordCount\":60,\"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\/02\/19\/airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/airlines-refusing-to-repatriate-profits-following-egp-float-induced-losses\/\",\"name\":\"Airlines refusing to repatriate profits following EGP float-induced losses - 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The company received approvals to repatriate its profits although it has only opted to transfer a\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":624966,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/24\/naguibs-koryolink-could-repatriate-profits-from-north-korea-after-reportedly-getting-sanctions-waiver\/","url_meta":{"origin":651712,"position":1},"title":"Naguib\u2019s Koryolink could repatriate profits from North Korea after reportedly getting sanctions waiver.","author":"enterpriseam admin","date":"24 September 2018","format":false,"excerpt":"**#6 Naguib Sawiris\u2019 Koryolink will reportedly be able to repatriate its profits from North Korea to Egypt now that it\u2019s been cleared by the UN to continue operating in Pyongyang free of sanctions, sources close to the matter tell Al Mal. Sawiris\u2019 Orascom Investment Holding (OIH, previously known as OTMT),\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":648067,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/foreign-airlines-and-hotel-companies-say-state-has-cleared-the-way-for-profit-repatriation\/","url_meta":{"origin":651712,"position":2},"title":"Foreign airlines and hotel companies say state has cleared the way for profit repatriation","author":"enterpriseam admin","date":"28 May 2017","format":false,"excerpt":"The state has cleared the way for foreign airlines and hotel companies to repatriate their profits, industry sources tell Al Borsa. The newspaper spoke to sources in Germany\u2019s Lufthansa and an agent for the American and Japanese airlines in Egypt, as well as the managers at the Fairmont Nile City\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":563597,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/egypt-to-repatriate-citizens-stranded-in-uae\/","url_meta":{"origin":651712,"position":3},"title":"Egypt to repatriate citizens stranded in UAE","author":"enterpriseam admin","date":"8 July 2021","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: Egypt is arranging for the return of Egyptians stranded in the UAE to Cairo due to their inability to travel back to Saudi Arabia, which suspended flights with the UAE last week. Some 1.26k Egyptians have so far asked to return\u2026","rel":"","context":"In "Also on our Radar"","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":651291,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/08\/ethiopian-airlines-cannot-get-cash-out-of-egypt\/","url_meta":{"origin":651712,"position":4},"title":"Ethiopian Airlines cannot get cash out of Egypt","author":"enterpriseam admin","date":"8 February 2017","format":false,"excerpt":"Ethiopian Airlines said it is unable to repatriate around USD 220 mn held in local currency in Nigeria, Egypt and some other African states because of foreign exchange shortages, Reuters reported. \u201cThis also meant cash held in the local currencies was losing value, he said.\u201d","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598869,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/the-question-on-everyones-lips-where-is-the-egp-heading\/","url_meta":{"origin":651712,"position":5},"title":"The question on everyone\u2019s lips: Where is the EGP heading?","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"ANALYSIS- The question on everyone\u2019s lips as we ponder the kickoff of budget season at most companies after the summer break: Where is the EGP heading? The EGP has been on a good run this year, appreciating by about 7% YTD against the USD to 16.7917. 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