{"id":651790,"date":"2017-02-21T04:17:10","date_gmt":"2017-02-21T04:17:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/21\/investors-union-claims-cbe-agreement-at-hand-automakers-have-been-slashing-prices-investment-act-may-pass-in-a-month-inshallah-angela-merkel-could-be-here-soon\/"},"modified":"2017-02-21T04:17:10","modified_gmt":"2017-02-21T04:17:10","slug":"investors-union-claims-cbe-agreement-at-hand-automakers-have-been-slashing-prices-investment-act-may-pass-in-a-month-inshallah-angela-merkel-could-be-here-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/21\/investors-union-claims-cbe-agreement-at-hand-automakers-have-been-slashing-prices-investment-act-may-pass-in-a-month-inshallah-angela-merkel-could-be-here-soon\/","title":{"rendered":"Investors Union claims CBE agreement at hand; Automakers have been slashing prices; Investment Act may pass in a month (inshallah); Angela Merkel could be here soon"},"content":{"rendered":"

Hona Al Assema\u2019s Lamees Al Hadidi spoke on Monday\u2019s meeting between the CBE and the Union of Egyptian Investors Association on settling LC-debt<\/strong> incurred by companies following the EGP float (the details of which can be found in the Speed Round). She interviewed Mohamed Khamis Shabaan, head of the Sixth of October Investors Association, who claims the CBE informed them that companies whose debts exceed to USD 5 mn \u2014 which are carrying 88% of the LC-debt out there \u2014 owe a combined USD 600. He adds that the banks will be repaid in EGP (watch<\/a>, runtime: 6: 55).<\/p>\n

A number of automakers have reportedly agreed to begin offering discounts on cars<\/strong> even before the Finance Ministry agreed to lowered the customs FX rate 11% to EGP 16.5 to the USD 1, El-Sabaa Automotive Group\u2019s chairman Alaa El-Sabaa tells Lamees. The industry has been cut prices on cars an average of about 10% to stimulate buying amid flagging sales (watch<\/a>, runtime: 8:01).<\/p>\n

Over on Kol Youm,GAFI head Mohamed Khodeir tells host Amr Adib that the Investment Act will pass the House in about a month\u2019s time<\/strong>. GAFI will begin hearings on the law next Tuesday, he added (watch<\/a>, runtime: 5:16). House Economic Committee chair Amr El Gohary told Adib that the law only arrived at the committee\u2019s doorstep last week. \u201cWe finished studying 60-70% of the draft law by ourselves,\u201d he said. Wow. All by yourselves. You deserve little gold stars to take home to Mommy and Daddy. (watch:<\/a> runtime: 5:02).<\/p>\n","protected":false},"excerpt":{"rendered":"

Hona Al Assema\u2019s Lamees Al Hadidi spoke on Monday\u2019s meeting between the CBE and the Union of Egyptian Investors Association on settling LC-debt incurred by companies following the EGP float (the details of which can be found in the Speed Round). She interviewed Mohamed Khamis Shabaan, head of the Sixth of October Investors Association, who […]<\/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":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651790","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"4f7e7109-13e2-4f47-b528-3e2dfeb9e43d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651784],"teaser":"","voice_url":""},"yoast_head":"\nInvestors Union claims CBE agreement at hand; Automakers have been slashing prices; Investment Act may pass in a month (inshallah); Angela Merkel could be here soon - 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\/21\/investors-union-claims-cbe-agreement-at-hand-automakers-have-been-slashing-prices-investment-act-may-pass-in-a-month-inshallah-angela-merkel-could-be-here-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors Union claims CBE agreement at hand; Automakers have been slashing prices; Investment Act may pass in a month (inshallah); Angela Merkel could be here soon\" \/>\n<meta property=\"og:description\" content=\"Hona Al Assema\u2019s Lamees Al Hadidi spoke on Monday\u2019s meeting between the CBE and the Union of Egyptian Investors Association on settling LC-debt incurred by companies following the EGP float (the details of which can be found in the Speed Round). 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Here are the highlights: More reform is in the pipeline: Amer touched on a range of initiatives\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569279,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/19\/last-nights-talk-shows-for-wednesday-19-february-2020\/","url_meta":{"origin":651790,"position":1},"title":"Last night\u2019s talk shows for Wednesday, 19 February 2020","author":"enterpriseam admin","date":"19 February 2020","format":false,"excerpt":"Another slow news day once again permeated the airwaves, leaving the talking heads with little to ponder over. Egypt tops list of fastest growing Middle Eastern economies -cabinet: Al Hayah Al Youm\u2019s Hossam Haddad took note of a timelapse graph published yesterday by the cabinet\u2019s Information and Decision Support Center\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568835,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/05\/egypts-talk-shows-on-tuesday-4-february-2020\/","url_meta":{"origin":651790,"position":2},"title":"Egypt\u2019s talk shows on Tuesday 4 February 2020","author":"enterpriseam admin","date":"5 February 2020","format":false,"excerpt":"Economics and business were back in the limelight on the airwaves yesterday as the nation\u2019s talking heads fixated on the CBE\u2019s bid to revive manufacturing and the government\u2019s structural reforms, among other topics. Factory revival initiative moving forward: A committee with members from the Central Bank of Egypt (CBE) and\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571514,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/last-nights-talk-shows-for-13-may-2020\/","url_meta":{"origin":651790,"position":3},"title":"Last Night\u2019s Talk Shows for 13 May 2020","author":"enterpriseam admin","date":"14 May 2020","format":false,"excerpt":"\u2018Ala Mas\u2019ouleety host Ahmed Moussa had the floor to himself last night, airing interviews with central bank deputy governor Ramy Aboul Naga and Transport Minister Kamel El Wazir. Foreign investors have pulled USD 17 bn out of Egypt since the beginning of the covid-19 crisis in March, CBE Deputy Governor\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594493,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/31\/last-nights-talk-shows-for-wednesday-31-october-2019\/","url_meta":{"origin":651790,"position":4},"title":"Last night\u2019s talk shows for Wednesday, 31 October 2019","author":"enterpriseam admin","date":"31 October 2019","format":false,"excerpt":"The economy got a fair share of airtime last night, but other topics also kept the talking heads busy. Among the highlights were newly-released central bank figures and the weekly cabinet meeting, as well as the \u201ctrain ticket incident\u201d which has featured heavily on the talk shows this week. External\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595537,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/30\/egp-egx-rally-after-cbe-rate-cut\/","url_meta":{"origin":651790,"position":5},"title":"EGP, EGX rally after CBE rate cut","author":"enterpriseam admin","date":"30 September 2019","format":false,"excerpt":"The EGP flexed its muscles against the USD yesterday, rallying on the first market day after the central bank cut key interest rates by another 100 bps in last week\u2019s MPC meeting (watch, runtime: 02:22). The EGP strengthened to 16.31 against the greenback on Sunday compared to 16.38 on Thursday.\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"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\/651790","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=651790"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651790\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/651784"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=651790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=651790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=651790"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=651790"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=651790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}