{"id":689629,"date":"2026-03-25T00:00:00","date_gmt":"2026-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=689629"},"modified":"2026-03-25T03:38:52","modified_gmt":"2026-03-25T03:38:52","slug":"egp-slips-against-the-greenback-as-markets-reopen-after-eid","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/","title":{"rendered":"EGP slips against the greenback as markets reopen after Eid"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good <\/strong><strong>morning<\/strong><strong>, folks. <\/strong>It\u2019s a good news \/ bad news kind of morning as we prepare for what is expected to be a rainy day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The good news: <\/strong>The Madbouly government is looking to boost local natural gas output by 1 bcf\/d by the end of 2026 by offering international oil companies better terms in a bid to boost investment in the sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bad: <\/strong>Fitch Solutions sees our current account deficit widening this fiscal year and the one after it, citing the impact of the ongoing US-Iran conflict on our external position.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- You might need to get on the phone to arrange childcare ASAP<\/strong>, with schools closed today and tomorrow in response to bad weather, the Education Ministry said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02MxhZ6CfxWT9u5hxDQvpYhVsPA2Aa7Wu1xyBQ7RNB8ak2NbYxFFoKMUhg6UAMUvbcl\" style=\"\">statement<\/a>. Putting our tinfoil hat on momentarily, the two-day closure, which many schools are choosing to replace with online lessons, serves as a trial run in the education sector for the state\u2019s proposal to impose remote working one or two days a week across both the public and private sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" style=\"\">WISH THIS MORNING\u2019S ISSUE was a podcast? We\u2019ve got you. Tap or click here<\/a><\/strong> to listen to Morning Drive, a 10-minute version of today\u2019s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, <strong>or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses.<\/strong><strong>***<\/strong><\/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 depreciated against the greenback yesterday <\/strong>\u2014 the first day of trading following the Eid break \u2014 with the USD gaining EGP 0.34 against the national currency to sell at EGP 52.77 at the central bank and EGP 0.36 to sell at EGP 52.75 at CIB. The slide of the EGP can be explained by lingering investor concerns and foreign outflows from the secondary market, along with import financing and pending exit requests that had accumulated over the break, a banking source tells EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The movement follows interbank transactions reaching USD 1.6 bn last week<\/strong> \u2014 the lowest level since the start of the war, which can be attributed to significant inflows helping to reduce outward pressure, we were told.<\/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\">Watch this space<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>AVIATI<\/strong><strong>O<\/strong><strong>N \u2014<\/strong><strong> The Iran war is driving tourists away from Eastern <\/strong><strong>Mediterranean<\/strong><strong> destinations like Egypt<\/strong>, with low-cost carrier EasyJet noting that travelers are opting for Western Mediterranean destinations like Spain over Egypt, Turkey, and Cyprus, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/easyjet-warns-iran-war-will-push-up-ticket-prices-end-summer-2026-03-23\/\" style=\"\">Reuters<\/a> reports, citing CEO Kenton Jarvis. The conflict is also threatening to drive up flight ticket prices to the region by late summer as airline fuel contracts expire, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters:<\/strong> Egypt\u2019s tourism sector is relying heavily on low-cost carriers to funnel tourists to South Sinai and the Red Sea to achieve its <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/09\/17\/govt-is-looking-to-increase-tourism-revenues-to-usd-24-bn-by-fy-2028-29\/\" style=\"\">USD<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/09\/17\/govt-is-looking-to-increase-tourism-revenues-to-usd-24-bn-by-fy-2028-29\/\" style=\"\">24.0 bn tourism target<\/a> by the fiscal year 2028-29. If these carriers begin moving capacity away from the Eastern Mediterranean, Egypt risks losing many European tourists \u2014 and their spending.<\/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\"><strong>CUSTOMS \u2014 Egypt slashes red tape for frustrated exporters. <\/strong>Egypt\u2019s Finance Ministry has <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/egyptcustoms\/posts\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9%D8%AA%D8%B3%D9%87%D9%8A%D9%84%D8%A7%D8%AA-%D8%AC%D9%85%D8%B1%D9%83%D9%8A%D8%A9-%D8%A7%D8%B3%D8%AA%D8%AB%D9%86%D8%A7%D8%A6%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D8%AA%D9%8A%D8%B3%D9%8A%D8%B1-%D8%B9%D9%88%D8%AF%D8%A9-%D8%A7%D9%84%D8%B4%D8%AD%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B1%D8%AA%D8%AC%D8%B9%D8%A9-%D9%84%D9%84%D9%85%D8%B5%D8%AF%D8%B1%D9%8A%D9%86\/1350418463793066\/\" style=\"\">introduced<\/a> temporary customs facilities to help exporters bring back shipments that can\u2019t reach their final destinations due to the closure of the Strait of Hormuz and broader maritime instability in the Arabian Gulf. Finance Minister Ahmed Kouchouk confirmed that shipments forced to return without being unloaded \u2014 or those that never left territorial waters \u2014 will now be treated as \u201cincomplete exports.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The technical fix:<\/strong> These returned shipments are being reclassified as national goods that never officially left the country. Exporters are now exempt from the Advanced Cargo Information system for these goods, as they no longer carry foreign import status. The Customs Authority is also allowing these shipments to return to their original ports of entry and is canceling the impact of previously registered export data.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fine print:<\/strong> These facilities apply to shipments returning within two months of their original export date. Clearing these returned shipments is now a top priority to reduce the financial burden on the private sector, Customs Authority head Ahmed Amwi said.<\/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\"><strong>CUSTOMS \u2014<\/strong> <strong>E<\/strong><strong>gyptian expats now have a 120-day exemption from <\/strong><strong>customs and fees associated with bringing in a phone from abroad<\/strong> \u2014 up from the previous 90-day grace period \u2014 effective 1 April, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/pfbid02ZEegm1fXRmZVEFwzNag7QsZvPBQP7dRcJHLw2Lro5Nq6DcZCQuXV2ziZmZKPmEjSl\" style=\"\">statement<\/a>. The move is designed to streamline connectivity for the Egyptian diaspora and enhance their access to digital services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Madbouly government <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/21\/no-more-exempting-imported-mobile-phones-from-customs\/\" style=\"\">earlier this year ended the exemption<\/a> that allowed us to bring in one phone from abroad without being charged customs or taxes every three years.<\/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\">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>** DID YOU KNOW that we cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\">Saudi Arabia<\/a><\/strong><strong>, the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\">UAE<\/a><\/strong><strong>,<\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\" style=\"\">MENA-India<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\" style=\"\">Corridor<\/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=\"\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/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\">From the debt markets<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The Finance Ministry accepted bids for a three-year Treasury bond auction <\/strong><strong>totaling only 1.6% of its EGP 25.0 bn target<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/auctions\/egp-t-bonds-fixed-coupon\" style=\"\">data<\/a> from the central bank. The Finance Ministry stood steady on a 21.22% yield \u2014 up only marginally from previous auctions \u2014 refusing to succumb to investor pressure for higher yields. The ministry also canceled a five-year EGP 10 bn Treasury bond auction after primary dealers requested yields reaching 30%.<\/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\">Data point <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>USD 25.6 bn \u2014 that\u2019s the value of remittances from Egyptians working <\/strong><strong>abroad<\/strong><strong> during the first seven months of FY 2025-26<\/strong>, up 28.4% from USD 20.0 bn in the same period last year, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0FeJSgi5M6i94xs8QKmSrHqa2oyaFMcnTo7T3PL2c8Qt6KJwSUaU6wdVsLM6rszSJl\" style=\"\">statement<\/a> from the Central Bank of Egypt. On a monthly basis, remittances rose 21.0% y-o-y to USD 3.5 bn in January 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters:<\/strong>Remittances are now a key source of hard currency, with Suez Canal revenues still at a fraction of the levels they were at before Israel\u2019s war on Gaza. While remittances have increased greatly since the float of the EGP, the jury is still out on what impact the war on Iran will have on flows \u2014 especially if the conflict continues for months.<\/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:\/\/omny.fm\/shows\/enterpriseam-egypt\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/780.jpg?ssl=1\"\/><\/a> <\/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\">\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>President Abdel Fattah El Sisi has ratified amendments to the Military Service<\/strong><strong> Law that significantly hike fines for draft evaders<\/strong>, with the new rules set to take effect today. Under the changes, anyone who avoids conscription until the age of 30 faces a prison sentence and\/or a fine of EGP 20k-100k, while those who fail to report for reserve duty face imprisonment and\/or fines of EGP 10k-20k. The amendments also expand exemptions to include the eldest eligible brother or son of individuals martyred, missing, or permanently disabled due to military, police, or terrorist operations.<\/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\"><strong>WEATHER- Expect to dust off your umbrella in Cairo today<\/strong>, with showers and breezy winds expected in the capital, along with a high of 19\u00b0C and a low of 13\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>But our friends in Alexandria will be in store for a much wetter day<\/strong>, with heavy showers in the morning and cloudy skies forecast, along with a high of 15\u00b0C and a low of 11\u00b0C.<\/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>In <\/strong><strong>what would<\/strong><strong> be a major escalation, the Pentagon is reportedly <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-expected-send-thousands-soldiers-middle-east-sources-say-2026-03-24\/\" style=\"\">expected to dispatch<\/a><\/strong> <strong> thousands of soldiers to the region <\/strong>and potentially inside Iranian territory. The number of troops reportedly ranges <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2026\/03\/24\/world\/iran-war-trump-oil\" style=\"\">from 2k<\/a> to <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2026\/03\/24\/pentagon-troops-deploy-middle-east-00841827?nid=0000018f-3124-de07-a98f-3be4d1400000&nname=politico-toplines&nrid=794399ed-a90f-431e-9017-3ab0288008d4\" style=\"\">3k soldiers<\/a> from the US Army\u2019s Airborne Division.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Iran says Strait of Hormuz is open:<\/strong> Tehran <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/71c3295a-531a-4fa8-86bc-964b5bb821e2\" style=\"\">said<\/a> that \u201cnon-hostile vessels\u201d may transit the Strait of Hormuz \u201cin coordination with Iranian authorities,\u201d in a letter to International Maritime Organization members. That said, some 3.2k vessels remain stuck in the Arabian Gulf, seemingly unwilling to brave the waterway yet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mediators from Egypt, Turkey, and Pakistan want to set up talks between the US and Iran <\/strong><strong>by Thursday<\/strong>, though a diplomatic divide remains between Washington and Tehran, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/iran-war-us-israel-news-updates-2026?mod=WSJ_home_mediumtopper_pos_1\" style=\"\">Wall Street Journal<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And in the world of AI: <\/strong>ChatGPT maker OpenAI <a target=\"_blank\" href=\"https:\/\/x.com\/soraofficialapp\/status\/2036546752535470382\" style=\"\">is shuttering<\/a> its video generation offering Sora just six months after its debut <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-24\/openai-plans-to-discontinue-support-for-sora-ai-video-generator\" style=\"\">in a bid to streamline<\/a> its products. The company positioned the program as a means to create lifelike AI-generated videos within a community-focused environment. Available on the Apple App Store without charge, Sora has seen its popularity decline since its debut.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2503.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> EnterpriseAM\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We take a look at how Egypt\u2019s real estate market has been cooling since even before the war on Iran and the reasons behind this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, folks. It\u2019s a good news \/ bad news kind of morning as we prepare for what is expected to be a rainy day. The good news: The Madbouly government is looking to boost local natural gas output by 1 bcf\/d by the end of 2026 by offering international oil companies better terms in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":689630,"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":[12573],"tags":[380,1419,72,2234,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-689629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today-10","tag-currencies","tag-egp","tag-enterpriseam","tag-foreign-exchange","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"838f9225-5de0-4fc5-b02c-e1632abafe43","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/3\/1153.jpg","photo_position":"above","homepage_title":"","full_issue_title":"A slow start for the EGP after Eid","related_issue":[689627],"teaser":""},"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 slips against the greenback as markets reopen after Eid - 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\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGP slips against the greenback as markets reopen after Eid\" \/>\n<meta property=\"og:description\" content=\"Good morning, folks. It\u2019s a good news \/ bad news kind of morning as we prepare for what is expected to be a rainy day. The good news: The Madbouly government is looking to boost local natural gas output by 1 bcf\/d by the end of 2026 by offering international oil companies better terms in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-25T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-25T03:38:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.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=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGP slips against the greenback as markets reopen after Eid\",\"datePublished\":\"2026-03-25T00:00:00+00:00\",\"dateModified\":\"2026-03-25T03:38:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/\"},\"wordCount\":1426,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.jpg?fit=%2C&ssl=1\",\"keywords\":[\"currencies\",\"EGP\",\"EnterpriseAM\",\"foreign exchange\",\"What We're Tracking Today\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/\",\"name\":\"EGP slips against the greenback as markets reopen after Eid - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-03-25T00:00:00+00:00\",\"dateModified\":\"2026-03-25T03:38:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EGP slips against the greenback as markets reopen after Eid\"}]},{\"@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\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EGP slips against the greenback as markets reopen after Eid - 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\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/","og_locale":"en_US","og_type":"article","og_title":"EGP slips against the greenback as markets reopen after Eid","og_description":"Good morning, folks. It\u2019s a good news \/ bad news kind of morning as we prepare for what is expected to be a rainy day. The good news: The Madbouly government is looking to boost local natural gas output by 1 bcf\/d by the end of 2026 by offering international oil companies better terms in [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2026-03-25T00:00:00+00:00","article_modified_time":"2026-03-25T03:38:52+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.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\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EGP slips against the greenback as markets reopen after Eid","datePublished":"2026-03-25T00:00:00+00:00","dateModified":"2026-03-25T03:38:52+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/"},"wordCount":1426,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.jpg?fit=%2C&ssl=1","keywords":["currencies","EGP","EnterpriseAM","foreign exchange","What We're Tracking Today"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/","url":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/","name":"EGP slips against the greenback as markets reopen after Eid - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.jpg?fit=%2C&ssl=1","datePublished":"2026-03-25T00:00:00+00:00","dateModified":"2026-03-25T03:38:52+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EGP slips against the greenback as markets reopen after Eid"}]},{"@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\/2026\/3\/1153.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1153.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\/2026\/3\/1153.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/689629","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=689629"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/689629\/revisions"}],"predecessor-version":[{"id":689666,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/689629\/revisions\/689666"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/689627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/689630"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=689629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=689629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=689629"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=689629"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=689629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}