{"id":658084,"date":"2025-01-05T00:00:00","date_gmt":"2025-01-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/05\/coptic-christmas-announced-as-paid-holiday-for-public-private-sectors\/"},"modified":"2025-01-05T00:00:00","modified_gmt":"2025-01-05T00:00:00","slug":"coptic-christmas-announced-as-paid-holiday-for-public-private-sectors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/05\/coptic-christmas-announced-as-paid-holiday-for-public-private-sectors\/","title":{"rendered":"Coptic Christmas announced as paid holiday for public, private sectors"},"content":{"rendered":"

Good m<\/strong>orning and a happy new year to you all. <\/strong>In our first issue for 2025, the local business news cycle is already heating up \u2014 but sadly not yet the weather. <\/p>\n

PSA- <\/p>\n

<\/a> #1- Workers in the private and public sectors are set for another shorter than usual<\/strong> workweek<\/strong>, with Prime Minister Moustafa Madbouly confirming in a statement<\/a> last night that Tuesday, 7 January, will be paid holiday for the public and private sector in observance of Coptic Christmas. You can expect the central bank and the EGX to follow suit. <\/p>\n

Students won\u2019t be as lucky though<\/strong>, with exams scheduled for the day set to go ahead as planned.<\/p>\n

\n

\n

<\/a> #2 Instapay will remain transfer fee free for another three months<\/strong>, the Central Bank of Egypt said in a statement (pdf)<\/a> announcing the extension starting 1 January.<\/p>\n

The platform clocked up 1.5 bn transactions in<\/strong> 2024<\/strong>, amounting to EGP 2.9 tn that was sent and received by the applications 12.5 mn users. <\/p>\n

\n

\n

WEATHER- It\u2019s another overcast and chilly day in Cairo today<\/strong>, with a high of 20\u00b0C, a low of 10\u00b0C, and a chance of light rain, according to our favorite weather app.<\/p>\n

Our friends in Alexandria should get their umbrellas at the ready<\/strong>, with moderate rain forecast throughout the day, followed by heavy rain and thunder forecast for the evening, along with chilly temperatures reaching a high of 17\u00b0C and a low of 9\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

\n

DATA POINT-<\/p>\n

<\/a> An all-time record high of 15.7 mn tourists visited Egypt in 2024<\/strong> \u2014 marking a 5.4% y-o-y on an already record year \u2014 Prime Minister Moustafa Madbouly said at his first weekly presser<\/a> of the year. Tourist footfall could have reached up to 18 mn if it wasn\u2019t for ongoing conflicts in the region \u2014 a target that the prime minister hopes the country will be able to achieve in 2025.<\/p>\n

Remember: <\/strong>The government aims to attract some 25 mn tourists annually<\/a> by 2030. To that end, it plans to add some 240-250k rooms to existing hotel room capacity. The finance and tourism ministries launched the EGP 50 bn subsidized loan program for hospitality players<\/a> last month.<\/p>\n

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\n

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

\n

HAPPENING TOMORROW-<\/p>\n

S&P Global will tell us tomorrow how Egypt\u2019s non-oil private sector performed in December<\/strong> when it publishes its latest purchasing managers\u2019 index. November\u2019s reading<\/a> showed the sector\u2019s activity contracted for a third consecutive month, albeit at a softer pace, to 49.2 points.<\/p>\n

\n

CIRCLE YOUR CALENDAR- <\/p>\n

<\/a> Egyptian expats will be able to start picking up housing units through the Your Home in <\/strong>Egypt initiative starting in February 2025<\/strong>, with more than 5k residential units and villas offered up in the new administrative capital, New Alamein, New Mansoura, Sixth October, Sheikh Zayed, New Cairo, and other areas. The initiative<\/a> \u2014 initially set to launch this month \u2014 will let Egyptians living abroad purchase up to two premium housing units using FX through an online platform. Applicants must have a foreign bank account that has been active for at least six months and units will be allocated on a first-come, first-served basis.<\/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

\n

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

As is often the case, Donald Trump is once again topping much of the international press<\/strong> this morning<\/strong>, with news out that the president-elect will be sentenced on 10 January on charges that he allegedly paid hush money to a [redacted] star. However, the incoming decision \u2014 pencilled in for just ten days before he is set to take his place at the Oval Office \u2014 will not lead to Trump facing jail time, the judge overseeing the case signalled. (Financial Times<\/a> | Reuters<\/a>)<\/p>\n

Our corner of the world is also continuing to rank highly on the world\u2019s digital front pages <\/strong>amid Israel\u2019s unrelenting assault on Gaza<\/strong>, with at least 70 killed since Friday by strikes on the besieged enclave. The escalation comes as another round of ceasefire talks mediated by Qatari and Egyptian officials take place in Qatar. (Reuters<\/a>)<\/p>\n

Despite talk of restraint, the Biden administration provisionally approved a USD 8 bn <\/strong>weapons sale to Israel<\/strong>, which includes precision-guided missiles, artillery shells, and air-to-air missiles. (Wall Street Journal<\/a> | Financial Times<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning and a happy new year to you all. In our first issue for 2025, the local business news cycle is already heating up \u2014 but sadly not yet the weather. PSA- #1- Workers in the private and public sectors are set for another shorter than usual workweek, with Prime Minister Moustafa Madbouly confirming […]<\/p>\n","protected":false},"author":1,"featured_media":658085,"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":[646,72,235,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-658084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-christmas","tag-enterpriseam","tag-labor","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"77933bb3-9bd8-4b17-b329-2e729e223d68","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/1\/40.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Coptic Christmas announced as paid holiday for public, private sectors","related_issue":[658082],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.f79a1aa8-de06-430b-8176-d18f74499df0.mp3"},"yoast_head":"\nCoptic Christmas announced as paid holiday for public, private sectors - 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\/2025\/01\/05\/coptic-christmas-announced-as-paid-holiday-for-public-private-sectors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coptic Christmas announced as paid holiday for public, private sectors\" \/>\n<meta property=\"og:description\" content=\"Good morning and a happy new year to you all. 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Sunday is an official holiday for the public and private sectors in observance of Coptic Christmas, as confirmed by the cabinet and central bank. We\u2019d like to wish everyone a Merry Christmas. We\u2019ll be announcing the results of our end-of-year survey next week. We\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":652127,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/what-were-tracking-this-week-213\/","url_meta":{"origin":658084,"position":1},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"2 January 2017","format":false,"excerpt":"The first week of the new year looks like it might be a quiet one after all, with no major conferences or events scheduled as far as our radars can see except for Coptic Christmas on Saturday 7 January, which is a national holiday. We don\u2019t expect the government will\u2026","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":633967,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/what-were-tracking-on-02-january-2018\/","url_meta":{"origin":658084,"position":2},"title":"What we\u2019re tracking on 02 January 2018","author":"enterpriseam admin","date":"2 January 2018","format":false,"excerpt":"2018 is off to a shaky start. A terror attack on a Coptic Orthodox church in Helwan on Friday left at least 11 people dead in its wake. Daesh claimed responsibility for the act, as investigators discovered the assailant\u2019s identity and links to previous terror attacks (We have full coverage\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\/2017\/11\/140.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580563,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/05\/this-evening-egp-slips-against-the-usd-to-new-record-merry-christmas-everyone\/","url_meta":{"origin":658084,"position":3},"title":"THIS EVENING: EGP slips against the USD to new record + Merry Christmas, everyone","author":"enterpriseam admin","date":"5 January 2023","format":false,"excerpt":"Happy THURSDAY, wonderful people. We made it through the first work week of 2023 and are being rewarded with another long weekend. Merry Christmas to all of our Coptic Christmas friends and anybody else who is observing the day this weekend.PSA- EnterprisePM is taking a day off this coming Sunday,\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\/2023\/1\/607.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568284,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/what-were-tracking-on-24-december-2020\/","url_meta":{"origin":658084,"position":4},"title":"What we\u2019re tracking on 24 December 2020","author":"enterpriseam admin","date":"24 December 2020","format":false,"excerpt":"Good morning, everyone, and a very Merry Christmas to all those who are observing tomorrow. We made it through another week together \u2014 and have a pleasantly quiet issue for you this Christmas Eve morning.Last orders on the NYSE and Nasdaq will be at 1pm Eastern today while the closing\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":542543,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/this-morning-the-2021-enterprise-reader-poll-closes-tonight-civil-servants-banks-get-thursday-off-for-coptic-christmas-sudanese-pm-resigns-amid-protests\/","url_meta":{"origin":658084,"position":5},"title":"THIS MORNING: The 2021 Enterprise Reader Poll closes tonight; Civil servants, banks get Thursday off for Coptic Christmas; Sudanese PM resigns amid protests.","author":"enterpriseam admin","date":"3 January 2022","format":false,"excerpt":"Good morning, friends, and welcome to a pleasantly brisk news day in which our economic record in 2021 leads is the big story. Expect corporate news to stage a comeback in a few days\u2019 time \u2014 much of corporate Egypt seems to be dreaming of a three-day weekend before \u201creally\u201d\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/658084","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=658084"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/658084\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/658082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/658085"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=658084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=658084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=658084"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=658084"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=658084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}