{"id":652185,"date":"2017-01-03T04:07:50","date_gmt":"2017-01-03T04:07:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/what-were-tracking-this-week-214\/"},"modified":"2017-01-03T04:07:50","modified_gmt":"2017-01-03T04:07:50","slug":"what-were-tracking-this-week-214","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/what-were-tracking-this-week-214\/","title":{"rendered":"What we\u2019re tracking this week"},"content":{"rendered":"

<\/a> The Emirates NBD Egypt PMI by Markit <\/strong>is due out tomorrow morning by 6:15am or so. The Saudi and UAE PMIs are due out at the same time.<\/p>\n

Strong reserves report expected: <\/strong>The central bank is expected to tell us by Thursday<\/a> how much reserves were in its coffers at the end of 2016, and we speculate it will be a pleasant surprise. Governor Tarek Amer\u2019s CBE is on track to become the rare kind of Egyptian institution that manages to set itself an ambitious, measurable target and succeeds not only in achieving it, but quite possibly overshoot it<\/strong>. Amer had stated repeatedly that he aims to bring the CBE\u2019s reserves to USD 25 bn by the end of December 2016. As of November, the CBE\u2019s net international reserves stood at USD 23.1 bn and, having stopped defending the EGP following the flotation in November. Egypt has since signed a USD 2.7 bn swap agreement<\/a> with China as well as agreements worth more than EUR 500 mn with the European Union<\/a> and French Development Agency<\/a>.<\/p>\n

Not going to be included in the reserves report:<\/strong> USD 1 bn in funding approved and disbursed by the World Bank<\/a> and USD 500 mn from the African Development Bank<\/a>. An exclusive report by Youm7<\/a> in late December quoted Amer as noting that the AfDB and WB funding will be used to finance imports of fuel and LNG and to finance operations and maintenance costs at state-owned power plants<\/strong>.<\/p>\n

Important to remember: <\/strong>The CBE will have<\/a> to make a payment to its Paris Club creditors in January.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Emirates NBD Egypt PMI by Markit is due out tomorrow morning by 6:15am or so. The Saudi and UAE PMIs are due out at the same time. Strong reserves report expected: The central bank is expected to tell us by Thursday how much reserves were in its coffers at the end of 2016, and […]<\/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":[9490],"tags":[72,9489],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652185","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-this-week","tag-enterpriseam","tag-what-were-tracking-this-week","wpautop","entry"],"acf":{"mongo_id":"10a7db51-2ace-4970-ac20-4fa54332fde4","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652177],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking this week - 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\/01\/03\/what-were-tracking-this-week-214\/\" \/>\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 this week\" \/>\n<meta property=\"og:description\" content=\"The Emirates NBD Egypt PMI by Markit is due out tomorrow morning by 6:15am or so. 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Meanwhile, foreign holdings of Egyptian treasuries rise to USD 15.5 bn as of the end of November, up from EGP 15.07\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":652237,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/what-were-tracking-this-week-215\/","url_meta":{"origin":652185,"position":1},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"4 January 2017","format":false,"excerpt":"Strong reserves report expected: The central bank is expected to tell us by Thursday how much reserves were in its coffers at the end of 2016, and we speculate it will be a pleasant surprise.","rel":"","context":"In "What We\u2019re Tracking This Week"","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":[]},{"id":571557,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/egypts-fresh-imf-support-packages-will-help-boost-investor-confidence-portfolio-inflows-fitch\/","url_meta":{"origin":652185,"position":2},"title":"Egypt\u2019s fresh IMF support packages will help boost investor confidence, portfolio inflows -Fitch","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"Fresh funding from the IMF will help boost investor confidence in Egypt as portfolio outflows from emerging markets begin to reverse, Fitch Ratings said on Thursday. The government received last week a USD 2.8 bn rapid financing instrument (RFI) and is looking for as much as USD 5.5 bn under\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\/2020\/5\/170.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633146,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/what-were-tracking-this-week-67\/","url_meta":{"origin":652185,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"28 February 2018","format":false,"excerpt":"The Central Bank is expected to announce foreign reserve figures \u201cwithin days\u201d, a banking official tells Youm 7. 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Can we start by saying how grateful we are that public schools are not yet back in session, meaning Cairo traffic is not at its worst these days? We expect that to change in a little over two weeks, though: Schools are expected to open\u2026","rel":"","context":"In "What We're Tracking Today"","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":630750,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/07\/this-evening-fx-reserves-peak-to-usd-46-4-bn\/","url_meta":{"origin":652185,"position":5},"title":"THIS EVENING: FX reserves peak to USD 46.4 bn","author":"enterpriseam admin","date":"7 July 2024","format":false,"excerpt":"Good afternoon, folks, and happy Sunday. Another shorter business week kicks off and we look forward to another long weekend. As you may know the whole nation will be off on Thursday 11 July, in observance of the Islamic New Year.And that includes us folks here at EnterprisePM Egypt, who\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1308.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652185","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=652185"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652185\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652177"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652185"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652185"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}