{"id":666987,"date":"2025-06-17T00:00:00","date_gmt":"2025-06-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/egp-continues-to-strengthen-against-the-greenback\/"},"modified":"2025-06-17T00:00:00","modified_gmt":"2025-06-17T00:00:00","slug":"egp-continues-to-strengthen-against-the-greenback","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/egp-continues-to-strengthen-against-the-greenback\/","title":{"rendered":"EGP continues to strengthen against the greenback"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, all. <\/strong>After a couple of busy days, the news cycle has taken a breather. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/mailchi.mp\/enterpriseam.com\/2025egyptforum\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/756.jpg?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mark your calendar for the 2025 EnterpriseAM Egypt Forum<\/strong>, our flagship forum and part of our must-attend series of invitation-only, C-suite-level gatherings. Tap to register your interest to attend. <strong>Want to partner with us? Reach out to Moustafa Taalab at mtaalab@enterpriseadvisory.com to explore sponsorship opportunities.<\/strong><\/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 TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The EGP\u2019s value continued to appreciate \u2014 albeit at a slower pace \u2014 <\/strong><strong>against the <\/strong><strong>greenback this morning <\/strong>for the second consecutive day, despite continued <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e86cdda0-25cc-4483-b3cf-23be9fb53522\/gov%25e2%2580%2599t-form-crisis-committee-to-assess-israel-iran-war-impact\" style=\"\" rel=\"noopener\">escalations<\/a> in the conflict between Iran and Israel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGP rose by around EGP 0.02 during trading<\/strong> and interbank USD trading returned to normal levels, a source in the banking sector told EnterpriseAM. The past two days witnessed transactions totaling USD 1.3 bn, in addition to higher-than-usual trading volumes compared to last week \u2014 all of which took place in order to meet demand for foreign investors\u2019 exits from the secondary market and the EGX, the source said.<\/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>Trump says no ceasefire between Iran and Israel: <\/strong>French President Emmanuel Macron suggested US President Donald Trump\u2019s early exit from the G7 summit had something to do with a ceasefire between Israel and Iran, but Trump was quick to end speculation. \u201cWrong! He has no idea why I am now on my way to Washington, but it certainly has nothing to do with a Cease Fire. Much bigger than that. Whether purposely or not, Emmanuel always gets it wrong,\u201d Trump <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114696999897040583\" style=\"\" rel=\"noopener\">wrote<\/a> on his Truth social media.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As things stand: <\/strong>The US president is hopeful Iran and Israel can reach a peace agreement, according to US officials. This comes as the US speeds up deployment of military assets to the region, including the USS Nimitz strike group, while continuing to support Israel defensively. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/trump-urges-tehran-evacuation-iran-israel-conflict-enters-fifth-day-2025-06-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-17\/trump-plays-down-iran-israel-ceasefire-as-he-leaves-g-7-early?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cd783v9wn1eo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/43e78fad-7091-436f-a2a5-1f8c8549581f\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/jun\/17\/donald-trump-g7-summit-iran-israel-ceasefire-offer\" style=\"\" rel=\"noopener\">The Guardian<\/a>) <\/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\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>The capital is in for a sunny day tomorrow, with the mercury set to peak at 36\u00b0C throughout the day before cooling down to 23\u00b0C at night. The North Coast will be experiencing cooler weather, with the temperature expected to reach just 30\u00b0C during the day and 20\u00b0C at night, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, all. After a couple of busy days, the news cycle has taken a breather. Mark your calendar for the 2025 EnterpriseAM Egypt Forum, our flagship forum and part of our must-attend series of invitation-only, C-suite-level gatherings. Tap to register your interest to attend. Want to partner with us? Reach out to Moustafa Taalab [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":666988,"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":[7213],"tags":[633,1666,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-666987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-exchange-rate","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"06213fd5-0507-4c69-88e7-d0c47f9ee195","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/1\/2098.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[666985],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.b09a8daa-031a-4b23-bbe9-1055a04cb499.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 continues to strengthen 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\/2025\/06\/17\/egp-continues-to-strengthen-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 continues to strengthen against the greenback\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, all. After a couple of busy days, the news cycle has taken a breather. Mark your calendar for the 2025 EnterpriseAM Egypt Forum, our flagship forum and part of our must-attend series of invitation-only, C-suite-level gatherings. Tap to register your interest to attend. Want to partner with us? Reach out to Moustafa Taalab [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/egp-continues-to-strengthen-against-the-greenback\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2098.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/egp-continues-to-strengthen-against-the-greenback\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/egp-continues-to-strengthen-against-the-greenback\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGP continues to strengthen against the greenback\",\"datePublished\":\"2025-06-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/egp-continues-to-strengthen-against-the-greenback\/\"},\"wordCount\":399,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/egp-continues-to-strengthen-against-the-greenback\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/2098.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"exchange rate\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/egp-continues-to-strengthen-against-the-greenback\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/17\/egp-continues-to-strengthen-against-the-greenback\/\",\"name\":\"EGP continues to strengthen against the greenback - 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Forum on Thursday, Al Mal reports.","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","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":630013,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/what-were-tracking-this-week-33\/","url_meta":{"origin":666987,"position":1},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"10 April 2018","format":false,"excerpt":"Portuguese President Marcelo Rebelo de Sousa is visiting Egypt this week to attend the Egyptian-Portuguese Business Forum on Thursday, Al Mal reports.The Game Sports Industry Conference\u2014 Egypt\u2019s first-ever platform dedicated to the sports industry \u2014 kicks off in Cairo tomorrow.","rel":"","context":"In &quot;What 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Today\u2019s issue comes in a shade heavier than yesterday\u2019s, but still moving at our usual clip.THE BIG STORY TODAY- A blacklist for factories stealing electricity will soon be put together, following the Electricity Ministry proposal getting the greenlight from the Ministerial Group for\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\/2025\/3\/1525.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635344,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/what-were-tracking-this-week-81\/","url_meta":{"origin":666987,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"3 December 2017","format":false,"excerpt":"It\u2019s PMI week: The Emirates NBD \/ Markit purchasing managers\u2019 index for Egypt, the UAE and Saudi Arabia will be out on Tuesday at about 6:15am.Our friends at AmCham are hosting a conference tomorrow on the private sector and sustainable development. Keynote speakers include Investment Minister Sahar Nasr and Planning\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","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":670428,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/19\/madbouly-pitches-japanese-industrial-zone-in-sczone\/","url_meta":{"origin":666987,"position":4},"title":"Madbouly pitches Japanese industrial zone in SCZone","author":"enterpriseam admin","date":"19 August 2025","format":false,"excerpt":"Good afternoon, friends, and happy hump day. At home, we\u2019re keeping an eye out on a potential new Japanese industrial zone.THE BIG STORY TODAY- Madbouly pitches a Japanese industrial zone in Egypt: Prime Minister Moustafa Madbouly invited Japanese companies to establish a dedicated Japanese industrial zone in the Suez Canal\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\/2025\/8\/1200.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671890,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/15\/el-sisi-touches-down-in-doha-to-discuss-regional-security\/","url_meta":{"origin":666987,"position":5},"title":"El Sisi touches down in Doha to discuss regional security","author":"enterpriseam admin","date":"15 September 2025","format":false,"excerpt":"Good afternoon, friends. We\u2019ve got a lighter issue for you today, both in length and weight.THE BIG STORY TODAY President Abdel Fattah El Sisi is in Doha to attend an Arab-Islamic summit to discuss Israel\u2019s airstrike on the Qatari capital, which killed five Hamas officials and one Qatari security official,\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\/2025\/4\/869.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\/666987","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=666987"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666987\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/666985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/666988"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=666987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=666987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=666987"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=666987"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=666987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}