{"id":665378,"date":"2025-05-18T00:00:00","date_gmt":"2025-05-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/"},"modified":"2025-05-18T00:00:00","modified_gmt":"2025-05-18T00:00:00","slug":"egp-posts-gains-against-the-usd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/","title":{"rendered":"EGP posts gains against the USD"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good mor<\/strong><strong>ning, all.<\/strong> We kick off the workweek with a busy issue, led by the news that we have another LNG regasification unit coming our way, three Chinese players setting up shop in Qantara, and the country\u2019s unemployment rate continuing to inch down. <\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>After a scorching weekend, the temps are dropping in Cairo today, which will see a high of 36\u00b0C and a low of 21\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s much cooler in Alexandria<\/strong>, with a high of 26\u00b0C and a low of 19\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n<p class=\"tag-border-left\">EGP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>The EGP conti<\/strong><strong>nues to strengthen against the USD: <\/strong>The price of the USD edged down closer to the EGP 50 barrier at the end of last week, marking the local currency\u2019s highest level against the greenback in five months. The EGP was trading hands at around the EGP 50.21\/50.22 mark at both private and public banks at the end of trading on Thursday. The currency has now gained nearly 3% from its post-float low of EGP 51.72-51.75 it had reached <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05bb8b50-309c-44a7-ad0e-d548837ae796\/%253cmark%253ethe%253c%2Fmark%253e-egp-dipped-slightly-against%253cmark%253ethe%253c%2Fmark%253e-usd-yesterday.-will-late-night-trump-tariff-relief-bring-foreign-investors-back%3F\" style=\"\" rel=\"noopener\">last month<\/a>, helped in part by improved market sentiment following easing trade tensions between the US and China.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RED SEA WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Can the reduction in transit fees help boost traffic levels in the Suez Canal? <\/strong>The Suez Canal Authority <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/caf84919-971c-47b2-9905-5ed2c7f2a125\/%253cmark%253esuez-canal%253c%2Fmark%253e-introduces-15%2525-reduction-on-transit-fee\" style=\"\" rel=\"noopener\">announced<\/a> a 15% reduction on transit fees for container vessels in a bid to encourage major shipping lines to return to transiting through the canal, but some are skeptical the move will bear fruit. Abdel Qader Gaballah, Chairman of the Suez Chamber of Shipping, told EnterpriseAM that the move is not enough to incentivize shipping companies, adding that security remains the main concern. With the current security risks, the premiums for ships going through Suez is far higher than the fee reductions, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shipping giants are still monitoring the situation: <\/strong>Sources from Maersk and other major shipping companies said that they are monitoring the situation and will only consider returning to the canal if security improves. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- Proptech pl<\/strong><strong>atform Aqarmap is hosting an Egyptian-Saudi real estate summit in <\/strong><strong>Cairo\u2019s Nile Ritz-Carlton today<\/strong>, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/720.pdf\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/720.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The event will bring together developers, investors, and policymakers from Egypt and Saudi Arabia to discuss cross-border investment, market trends, and digital transformation in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We spoke to Aqarmap CEO Aya Ashraf about the upcoming summit and more<\/strong> in a recent interview. Check it out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/11edbd88-2401-470a-b6ce-9901095c5ddd\/a-discussion-with%253cmark%253e-aqarmap%253c%2Fmark%253e-ceo-aya-ashraf\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Internatio<\/strong><strong>nal Monetary Fund will kick off its first ever MENA Research <\/strong><strong>Conference in Cairo today<\/strong>, the fund said in a <a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/News\/Seminars\/Conferences\/2025\/05\/18\/imf-middle-east-north-africa-inaugural-research-conference\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/News\/Seminars\/Conferences\/2025\/05\/18\/imf-middle-east-north-africa-inaugural-research-conference\" style=\"\" rel=\"noopener\">statement<\/a>. The two-day conference, organized by the IMF and the Onsi Sawiris School of Business at the American University in Cairo, will bring together academics, researchers, and policymakers to discuss regional and global economic issues. The forum also aims to bolster economic research skills in finance ministries and central banks in the region. You can check out the full agenda on the IMF\u2019s website.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could a second c<\/strong><strong>onsecutive rate cut be in store?<\/strong> After the Central Bank of Egypt kicked off its long-awaited easing cycle in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/030e8a7e-a0f6-48c5-bf6c-794c43555671\/cbe-cuts-rates-for-the-first-time-since-november-2020\" style=\"\" rel=\"noopener\">March with a 225 bps cut<\/a> \u2014 its first since 2020 \u2014 attention now turns to the MPC\u2019s third meeting of the year on Thursday. The committee is set to decide whether to continue cutting rates or hit pause as the central bank weighs the implications of a temporary US-China trade war truce, inflation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f90826f-9546-4d3b-a410-316f1a7aac3d\/%253cmark%253einflation%253c%2Fmark%253e-rises-again-in-april-to-sit-at-13.9%2525\" style=\"\" rel=\"noopener\">creeping up<\/a> in April, and more.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We will be out with our customary poll later this week <\/strong>to get an inside and informed outlook from the analysts and economists we trust the most. Watch this space.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Egyp<\/strong><strong>t aims to<\/strong><strong> attract USD 42 bn in foreign direct investment (FDI) in FY 2025-26<\/strong>, building on this year\u2019s inflows, which included the landmark USD 35 bn Ras El Hekma agreement, according to a government document seen by <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/82981\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-42-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A3%D8%AC%D9%86%D8%A8%D9%8A-%D9%85%D8%A8%D8%A7%D8%B4%D8%B1-%D9%81%D9%8A-%D8%B9%D8%A7%D9%85-%D9%88%D8%A7%D8%AD%D8%AF\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Net FDI inflows reached <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0a2cc8d-588d-4507-ad86-3181558c5899\/current-account-deficit-rises-to-usd-11.1-bn-in-1h-fy-2024-2025\" style=\"\" rel=\"noopener\">USD 6 bn<\/a><\/strong><strong> in 1H 2024-25, compared to USD 5.5 bn during the <\/strong><strong>same period a year prior<\/strong>, driven by the performance of non-oil sectors, including greenfield investments, real estate purchases by non-residents, and reinvested earnings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most foreign outlets spent the weekend focusing on US President Trump\u2019s blitz through <\/strong><strong>the region<\/strong>. Trump inked USD 200 bn worth of commercial agreements between the US and the UAE during his last stop to the Emirates on Thursday. The new agreements, in energy, critical minerals, and \u2014 as expected \u2014 AI, bring the total investment ticket over his Gulf tour to USD 2 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump\u2019s tariffs are starting to weigh in on consumer prices:<\/strong> Walmart \u2014 the largest retailer in the US \u2014 <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/05\/17\/us\/politics\/trump-walmart-eat-the-tariffs-prices.html\" style=\"\" rel=\"noopener\">announced it\u2019ll raise<\/a> prices, citing the added costs of tariffs. The announcement drew Trump\u2019s ire in the form of social media posts that demanded the retailer \u201cEAT THE TARIFFS\u201d instead of passing them to consumers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The first direct talks between Russia and Ukraine in Turkey on Thursday did not go as planned, with Russian President Vladimir Putin skipping the talks and sending a delegation in his place, and Trump saying no agreement can be met until he sits down with Putin himself. The Donald said yesterday he will call Putin and Ukraine\u2019s Zelenskyy tomorrow to discuss efforts to reach a ceasefire, as well as trade issues. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a5904221-c614-40ee-8f6b-b6bf77579440\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/putin-trump-skip-ukraines-peace-talks-that-russian-leader-proposed-2025-05-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/17\/trump-to-call-putin-zelenskyy-nato-members-monday-to-talk-ceasefire.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Crypto exchange Coinbase was hit with a cyberattack that it said could lead to <\/strong><strong>losses of up to USD 400 mn.<\/strong> The exchange said it received threats from a hacker that it has sensitive client information, though Coinbase said no login credentials have been breached, but some data like names and addresses were stolen. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/coinbase-says-cyber-criminals-stole-account-data-some-customers-2025-05-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/15\/coinbase-shares-dive-on-new-york-times-report-of-sec-investigation.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-05-15\/coinbase-falls-after-hack-sec-probe-into-user-figures\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, all. We kick off the workweek with a busy issue, led by the news that we have another LNG regasification unit coming our way, three Chinese players setting up shop in Qantara, and the country\u2019s unemployment rate continuing to inch down. PSA- WEATHER- After a scorching weekend, the temps are dropping in Cairo [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":665379,"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":[72,1666,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-exchange-rate","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"0dd3f8ea-749e-4974-a777-645a12742872","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/5\/1393.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EGP posts gains against the USD","related_issue":[665376],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.696b5dd9-b180-4c6a-874c-1a961de03090.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGP posts gains against the USD - 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\/05\/18\/egp-posts-gains-against-the-usd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGP posts gains against the USD\" \/>\n<meta property=\"og:description\" content=\"Good morning, all. We kick off the workweek with a busy issue, led by the news that we have another LNG regasification unit coming our way, three Chinese players setting up shop in Qantara, and the country\u2019s unemployment rate continuing to inch down. PSA- WEATHER- After a scorching weekend, the temps are dropping in Cairo [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-18T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1393.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGP posts gains against the USD\",\"datePublished\":\"2025-05-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/\"},\"wordCount\":1003,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1393.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"exchange rate\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/\",\"name\":\"EGP posts gains against the USD - 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EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/","og_locale":"en_US","og_type":"article","og_title":"EGP posts gains against the USD","og_description":"Good morning, all. We kick off the workweek with a busy issue, led by the news that we have another LNG regasification unit coming our way, three Chinese players setting up shop in Qantara, and the country\u2019s unemployment rate continuing to inch down. PSA- WEATHER- After a scorching weekend, the temps are dropping in Cairo [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-05-18T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1393.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":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EGP posts gains against the USD","datePublished":"2025-05-18T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/"},"wordCount":1003,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1393.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","exchange rate","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/egp-posts-gains-against-the-usd\/","name":"EGP posts gains against the USD - 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The aftermath of a sandstorm that hit parts of Egypt on Monday, affecting visibility and closing several highways in the south, is expected to last until Friday, which will see the week\u2019s highest temperature at 40\u00b0C, the national\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/5\/206.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591965,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/what-were-tracking-on-monday-23-december-2019\/","url_meta":{"origin":665378,"position":1},"title":"What we\u2019re tracking on Monday, 23 December 2019","author":"enterpriseam admin","date":"23 December 2019","format":false,"excerpt":"The long-awaited cabinet shuffle materialized yesterday, bringing six new faces to the cabinet table and a handful of surprises, including Prime Minister Moustafa Madbouly being tapped to drum up investment in all of its flavors. We have chapter and verse in this morning\u2019s Speed Round, below. We also have a\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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":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":665378,"position":2},"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 &quot;What We're Tracking Today&quot;","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":636539,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/01\/saudi-to-convert-cbe-deposits-into-investments\/","url_meta":{"origin":665378,"position":3},"title":"Saudi to convert CBE deposits into investments","author":"enterpriseam admin","date":"1 August 2024","format":false,"excerpt":"Good afternoon, friends, the weekend is finally here and the news cycle is relatively subdued at home and abroad.THE BIG STORY TODAY Saudi plans to convert its deposits at the Central Bank of Egypt into investments, the Kingdom\u2019s Investment Minister Khaled Al Falih said today. The kingdom is also looking\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":616613,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/07\/this-evening-lots-of-love-from-jp-morgan-as-they-recommended-buying-our-one-year-t-bills\/","url_meta":{"origin":665378,"position":4},"title":"THIS EVENING: Lots of love from JP Morgan as they recommended buying our one-year t-bills","author":"enterpriseam admin","date":"7 March 2024","format":false,"excerpt":"Good afternoon, folks, and happy Thursday. As much as this week has brought on some positivity we couldn\u2019t be more excited for the weekend and the onset of Ramadan. THE BIG STORY TODAY It\u2019s day one after the float and the news cycle is only accelerating-EGP is slightly up in\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639707,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/","url_meta":{"origin":665378,"position":5},"title":"Egypt officially launches Africa\u2019s first voluntary carbon market","author":"enterpriseam admin","date":"13 August 2024","format":false,"excerpt":"Good afternoon, folks, and happy humpday. We have reached mid-week but the news cycle is still taking a breather.THE BIG STORY TODAY The carbon trading market officially has liftoff: Africa\u2019s first carbon tradingmarket was inaugurated earlier today in a major \u201cstep toward achieving economic and environmental sustainability in Egypt,\u201d Planning\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","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\/3\/1955.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\/665378","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=665378"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665378\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665379"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665378"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665378"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}