{"id":656612,"date":"2024-12-08T00:00:00","date_gmt":"2024-12-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/"},"modified":"2024-12-08T00:00:00","modified_gmt":"2024-12-08T00:00:00","slug":"egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/","title":{"rendered":"EGP falls to lowest level since March float, passing EGP 50 mark against the greenback"},"content":{"rendered":"

Good morning, folks.<\/strong> We\u2019re kicking off the week with important energy updates, IPOs of military-owned companies pencilled in for 1Q 2025, a not so welcome milestone for the EGP, and more in today\u2019s issue. Let\u2019s go. <\/p>\n

PSA- <\/p>\n

WEATHER- It\u2019s another overcast day in Cairo today<\/strong>, with a high of 23\u00b0C, a low of 15\u00b0C, and the likelihood of heavy fog, according to our favorite weather app.<\/p>\n

Over in a windy Alexandria<\/strong>, expect to see a high of 22\u00b0C and a low of 11\u00b0C.<\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

EGP WATCH- <\/p>\n

<\/a> The EGP fell to its lowest level on Thursday since March\u2019s exchange rate liberalization,<\/strong> passing the EGP 50.00 mark against the greenback for those trying to buy up USD. The anticipated milestone follows steady declines in the EGP \u2014 as has been the case for many other world currencies \u2014 against a strengthening post-election greenback that is up more than 2% since the election on the Bloomberg Spot Dollar Index.<\/p>\n

Some are pointing to the at least USD 500 mn worth of interbank USD transactions recorded Thursday as one of the reasons behind the currency\u2019s depreciation,<\/strong> up from between USD 100-150 mn in previous days, as demand for the greenback rose on the back of the exit of foreign investors from investments in government debt, Al Arabiya<\/a> reports, citing unnamed banking sources. The move was expected, according to the outlet\u2019s sources, who told it that foreign investors are cashing in on their investments before the end of year and are expected to be back with an appetite for government debt in the first two months of next year.<\/p>\n

EFG Hermes\u2019 Mohamed Abu Basha seems to agree, <\/strong>telling Bloomberg<\/a><\/strong> that \u201cwe attribute the weakness mostly to <\/strong>seasonality.\u201d <\/strong>Abu Basha explained that \u201cit\u2019s end of the year, where the bias is always for some FX weakness as traders and economic agents settle some positions, in addition to a global backdrop of USD strength,\u201d he said. <\/p>\n

The government has already been trying to calm nerves and provide context<\/strong>, with Prime Minister Moustafa Madbouly telling reporters at a recent presser<\/a> that \u201cit\u2019s natural for this type of movement to occur, so we shouldn\u2019t worry about temporary increases in the USD.\u201d While reaffirming the country\u2019s commitment to keeping a flexible exchange rate \u2014 in no small part a nod to the IMF and other international backers who will be closely watching the government to see how they will manage the situation \u2014 the prime minister explained that \u201cthe EGP is part of an existing global system, so it is natural for this type of movement to occur\u201d and added that the EGP is likely to continue fluctuating within a 5% range in the near term.<\/p>\n

On the topic of government debt, the central bank managed to sell only 6.2% of its target<\/strong> for year-long EGP-denominated bills and 18.0% of its six-month bills <\/strong>as investors demanded higher interest rates during the bank\u2019s most recent auction on Thursday. The yield on year-long bills fell marginally by 0.001% to 26.240%, while six-month bills saw their yield rise 0.138% to 30.996%.<\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- Wataneya and Safi named as among the up to four military companies to be offered<\/strong> up on the EGX<\/strong>, unnamed sources told Al Arabiya<\/a>. The National Service Products Organization-owned filling station operator and bottled water company are reportedly currently being reevaluated ahead of a listing penciled in for 1Q 2025.<\/p>\n

The news follows Prime Minister Moustafa Madbouly teasing last week that three to four<\/strong> military-owned companies were heading to the EGX<\/strong>, with the prime minister adding in his presser<\/a> that the government will release its privatization plan for the coming period this week. The move to privatization via IPO also follows hot on the heels of the Central Bank of Egypt-owned United Bank\u2019s retail tranche being oversubscribed 59x and its private placement covered 6x in an offering set to raise EGP 4.57 bn \u2014 possibly presenting a success story that the government may increasingly want to try to replicate. <\/p>\n

The two companies have been on the privatization chopping block for <\/strong>at least four<\/a><\/strong>years<\/a><\/strong>, but efforts to directly sell shares of companies and featuring them<\/a> on the Sovereign Fund of Egypt\u2019s pre-IPO fund failed to materialize, despite attracting numerous suitors<\/a>.<\/p>\n

\n

<\/a> #2- Settle your dues or say goodbye to your plot: <\/strong>Industrial investors with overdue payments on allocated lands or units are urged to settle their dues promptly or risk losing their allocations, according to a statement<\/a> by the General Authority for Industrial Development. Investors have the option to pay in installments by submitting 25% of the owed amount upfront and the remainder over six months, the statement reads, with bank checks required within 15 days. <\/p>\n

HAPPENING TODAY- <\/p>\n

<\/a> It's the second and last day of the <\/strong>Doha Forum 2024<\/a><\/strong> with Prime Minister Moustafa Madbouly and other top officials in attendance, according to a cabinet statement<\/a>. Under this year's theme of The Innovation Imperative, the forum will host numerous heads of states, policymakers, private sector leaders, and more to take part in and listen to discussion and speeches \u2014 including our prime minister, who is listed<\/a> as a speaker.<\/p>\n

Madbouly is also set to meet with private and public sector figures from the Gulf nation<\/strong>, including Qatar\u2019s Emir Sheikh Tamim bin Hamad Al Thani who he met yesterday on the sidelines of the conference to discuss increasing political, economic, and investment cooperation between the two nations, according to another statement<\/a> from the cabinet.<\/p>\n

IN THE SENTATE- <\/p>\n

Senators will discuss and vote on a bill to legalize illegally obtained state-owned land<\/strong> over the next two days after reconvening after a two-week break. If passed, there will be a six-month period after the bill is written into law where individuals can submit a request to legally own or rent the land. Executive regulations will be out within a month of the Official Gazette announcing the new law.<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

CIRCLE YOUR CALENDAR-<\/p>\n

The Finance Ministry will launch public consultations on its <\/strong>tax policy document<\/a><\/strong> in the<\/strong> first quarter of the next fiscal year<\/strong>, according to a statement<\/a> by the ministry. The consultations will gather feedback from businesses and stakeholders as part of broader efforts to reshape fiscal policy, introduce new tax and customs relief packages, and bolster public-private partnerships. <\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

KUDOS- <\/p>\n

Valu<\/a><\/strong> was named as one of the region\u2019s top four most innovative finance and fintech <\/strong>companies for the year<\/strong> by the Fast Company Middle East\u2019s Most Innovative Companies 2024<\/a> list alongside Beehive<\/a>, Binance<\/a>, and Foodics<\/a>. Fast Company gave the local fintech leader the title for \"transforming fintech with diverse services\u201d and pointed to its expansion into savings, investments, B2B solution, and payments. The business magazine also gave a nod to its \u201cstrategic partnerships across healthcare, real estate, and education,\u201d along with the company\u2019s technological advancements of having credit assessments aided by machine learning and an AI chatbot.<\/p>\n

THE BIG STORY ABROAD-<\/p>\n

The increasingly likely collapse of Bashar Al Assad\u2019s regime dominates the digital front <\/strong>pages this morning<\/strong>, as insurgents push closer to Damascus after a lightning offensive that captured key cities, including the full capture of Homs in the early hours of the morning. The capital is now cut off from the regime\u2019s strongholds along the coast and the rebels are continuing to encircle Damascus.<\/p>\n

Egypt, Saudi Arabia, Qatar, Jordan, Iraq, Iran, Turkey, and Russia <\/strong>called on the warring<\/a><\/strong>parties<\/a><\/strong> to find a political solution <\/strong>in a joint statement after the nations\u2019 foreign ministers met in Doha. Taking a decidedly different approach, President-elect Donald Trump took to X<\/a>, stating, \u201cThe United States should have nothing to do with it. This is not our fight. Let it play out. Do not get involved.\u201d (Wall Street Journal<\/a> | Bloomberg<\/a> | Financial Times<\/a> | Reuters<\/a> | Associated Press<\/a> | New York Times<\/a> | Guardian<\/a>)<\/p>\n

Also making headlines is South Korean President Yoon Suk Yeol narrowly avoiding being <\/strong>impeached for imposing martial law<\/strong> after lawmakers from his People Power Party staged a walkout during the parliamentary vote, preventing the opposition from reaching the two-thirds majority needed to remove him from office. Yoon still appears to be on the out, however, with the leader of his party telling reporters after the vote that the president would resign. (Wall Street Journal<\/a> | Bloomberg<\/a> | Financial Times<\/a> | Reuters<\/a> | New York Times<\/a> | Guardian<\/a>)<\/p>\n

While in business news, Allianz has paused merger talks with asset manager Amundi <\/strong>over disagreements on structure and control, effectively halting plans to create what would have been a EUR 2.8 tn asset management giant. (Financial Times<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, folks. We\u2019re kicking off the week with important energy updates, IPOs of military-owned companies pencilled in for 1Q 2025, a not so welcome milestone for the EGP, and more in today\u2019s issue. Let\u2019s go. PSA- WEATHER- It\u2019s another overcast day in Cairo today, with a high of 23\u00b0C, a low of 15\u00b0C, and […]<\/p>\n","protected":false},"author":1,"featured_media":656613,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7204],"tags":[1419,72,2234,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-656612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-egp","tag-enterpriseam","tag-foreign-exchange","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"bb8bacf0-6544-41ed-a38f-eb27dcf9bf12","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/12\/644.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EGP falls to lowest level since March float, passing EGP 50 mark against the greenback","related_issue":[656610],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.e94cabda-eccf-4270-b5d3-446cc83252a0.mp3"},"yoast_head":"\nEGP falls to lowest level since March float, passing EGP 50 mark against the greenback - 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\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGP falls to lowest level since March float, passing EGP 50 mark against the greenback\" \/>\n<meta property=\"og:description\" content=\"Good morning, folks. 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We\u2019re kicking off the week with important energy updates, IPOs of military-owned companies pencilled in for 1Q 2025, a not so welcome milestone for the EGP, and more in today\u2019s issue. Let\u2019s go. PSA- WEATHER- It\u2019s another overcast day in Cairo today, with a high of 23\u00b0C, a low of 15\u00b0C, and […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-12-08T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EGP falls to lowest level since March float, passing EGP 50 mark against the greenback","datePublished":"2024-12-08T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/"},"wordCount":1492,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=%2C&ssl=1","keywords":["EGP","EnterpriseAM","foreign exchange","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/","name":"EGP falls to lowest level since March float, passing EGP 50 mark against the greenback - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=%2C&ssl=1","datePublished":"2024-12-08T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egp-falls-to-lowest-level-since-march-float-passing-egp-50-mark-against-the-greenback\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EGP falls to lowest level since March float, passing EGP 50 mark against the greenback"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":669535,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/04\/egp-continues-to-rise-against-greenback\/","url_meta":{"origin":656612,"position":0},"title":"EGP continues to rise against greenback","author":"enterpriseam admin","date":"4 August 2025","format":false,"excerpt":"Good afternoon, friends. It\u2019s a relatively calm day on the news front, and we\u2019ve got a brisk issue for you today.THE BIG STORY TODAY- The EGP extended its rally against the greenback today for the second consecutive week \u2014 with only a brief two-day pause, as the USD attempted to\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\/2025\/2\/1979.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668868,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/22\/bonyan-makes-long-awaited-debut-on-the-egx\/","url_meta":{"origin":656612,"position":1},"title":"Bonyan makes long-awaited debut on the EGX","author":"enterpriseam admin","date":"22 July 2025","format":false,"excerpt":"Good afternoon, friends, and happy almost-weekend. The news cycle seems to be cooling down as we approach the long weekend, and we\u2019re hoping you\u2019re doing the same.THE BIG STORY TODAY- Bonyan made its long-awaited debut on the EGX today under the ticker BONY.CA, opening at EGP 4.96 and trading within\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\/2025\/4\/622.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668384,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/14\/polaris-parks-set-to-build-egp-2-5-bn-industrial-zone-in-sadat-city\/","url_meta":{"origin":656612,"position":2},"title":"Polaris Parks set to build EGP 2.5 bn industrial zone in Sadat City","author":"enterpriseam admin","date":"14 July 2025","format":false,"excerpt":"Good afternoon, friends. We\u2019ve got another brisk issue for you today as the news cycle continues to cool down \u2014 though the weather is a different story.THE BIG STORY TODAY Industrial real estate developer Polaris Parks is set to build an EGP 2.5 bn industrial zone in Sadat City, General\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\/8\/924.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":666912,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/16\/egp-strengthens-against-the-usd\/","url_meta":{"origin":656612,"position":3},"title":"EGP strengthens against the USD","author":"enterpriseam admin","date":"16 June 2025","format":false,"excerpt":"Good afternoon, friends. It\u2019s another day with all eyes on the region, as the Israel-Iranian conflict continues to unfold \u2014 here in Egypt, everyone is closely following the impact of it all on markets, the exchange rate, and investor sentiment. THE BIG STORY TODAY- The EGP bounced back after a\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\/2025\/6\/827.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621643,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/what-were-tracking-on-13-november-2018-spotify-in-egypt-education-and-the-workforce\/","url_meta":{"origin":656612,"position":4},"title":"What we\u2019re tracking on 13 November 2018: Spotify in Egypt, education and the workforce","author":"enterpriseam admin","date":"14 November 2018","format":false,"excerpt":"In miscellany this morning: Spotify launched yesterday in Egypt and several other Arab markets. The world\u2019s largest streaming music service will be available at a cost of EGP 49.99 per month in Egypt as well as 13 other regional markets, including the UAE and Morocco. Egypt, Saudi Arabia, the UAE,\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\/2018\/11\/369.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607777,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/","url_meta":{"origin":656612,"position":5},"title":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards","author":"enterpriseam admin","date":"9 October 2023","format":false,"excerpt":"Good afternoon, ladies and gents. It\u2019s by far a calmer day today than it was yesterday, although we\u2019re running with many of the same themes. THE BIG STORY TODAY CBE instructed banks to start blocking use of EGP debit cards for FX transactions: Local banks have reportedly received verbal instructions\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\/2020\/11\/325.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\/656612","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=656612"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/656612\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/656610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/656613"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=656612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=656612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=656612"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=656612"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=656612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}