(08.04.2017.)Egypt’s soaring inflation hits food, drinks companies’ profits.(以賽亞書19)論埃及的默示。 看哪,耶和華乘駕快雲,臨到埃及。埃及的偶像在他面前戰兢,埃及人的心在裡面消化。 2 「我必激動埃及人攻擊埃及人,弟兄攻擊弟兄,鄰舍攻擊鄰舍,這城攻擊那城,這國攻擊那國。 3 埃及人的心神必在裡面耗盡,我必敗壞他們的謀略,他們必求問偶像和念咒的、交鬼的、行巫術的。 4 我必將埃及人交在殘忍主的手中,強暴王必轄制他們。」這是主萬軍之耶和華說的。

Egypt introduced sweeping economic reforms last year as part of a three-year $12bn International Monetary Fund loan programme, floating its currency and cutting subsidies to attract foreign investment that fled after a 2011 uprising.
But these measures have contributed to an increase in inflation above 30% which has reduced people’s purchasing power.

Source: Egypt’s soaring inflation hits food, drinks companies’ profits

https://lucifer666ina.wordpress.com/2017/07/27/07-27-2017-egypt-sets-up-national-council-to-combat-terror首度出兵驻守冲突降级区!/

(07.27.2017.)Egypt sets up ‘national council’ to combat ‘terror’;首度出兵驻守“冲突降级区”!俄方赞俄美合作(2017年7月26日)(帖前)5:2因為你們自己明明曉得,主的日子來到好像夜間的賊一樣。3人正說平安穩妥的時候,災禍忽然臨到他們,如同產難臨到懷胎的婦人一樣,他們絕不能逃脫。(以賽亞書19)預示埃及之禍亂19 論埃及的默示。看哪,耶和華乘駕快雲,臨到埃及2「我必激動埃及人攻擊埃及人,弟兄攻擊弟兄,鄰舍攻擊鄰舍,這城攻擊那城,這國攻擊那國。4 我必將埃及人交在殘忍主的手中,強暴王必轄制他們。」這是主萬軍之耶和華說的

https://lucifer666ina.wordpress.com/2017/02/04/01-26-2017-egypt-is-preparing-for-large-scale-internal-conflict/

01.26.2017.Egypt is preparing for large-scale internal conflict.

 

What war is Egypt preparing for?

The Daily Star26 January, 2017

以賽亞書 19Chinese Union Version Modern Punctuation (Traditional) (CUVMPT)

預示埃及之禍亂19 埃及的默示。看哪,耶和華乘駕快雲,臨到埃及埃及的偶像在他面前戰兢,埃及人的心在裡面消化。 「我必激動埃及人攻擊埃及人,弟兄攻擊弟兄,鄰舍攻擊鄰舍,這城攻擊那城,這國攻擊那國 埃及人的心神必在裡面耗盡,我必敗壞他們的謀略,他們必求問偶像和念咒的、交鬼的、行巫術的。 4 我必將埃及人交在殘忍主的手中,強暴王必轄制他們。」這是主萬軍之耶和華說的。彼得後書 3:1010 但主的日子要像賊來到一樣。那日,天必大有響聲廢去,有形質的都要被烈火銷化,地和其上的物都要燒盡了那時,主耶穌同他有能力的天使從天上在火焰中顯現 要報應那不認識神和那不聽從我主耶穌福音的人。他們要受刑罰,就是永遠沉淪,離開主的面和他權能的榮光。 10 這正是主降臨,要在他聖徒的身上得榮耀,又在一切信的人身上顯為稀奇的那日子

The inhabitants of the earth are burned, few men left, few chosen. 以賽亞書 24:13 在地上的萬民中,必像打過的橄欖樹,又像已摘的葡萄所剩無幾。賽19:1預示埃及之禍亂19 論埃及的默示。看哪,耶和華乘駕快雲,臨到埃及。信審判 信主耶穌必於世界末日,從天降臨,審判萬民;義人得永生,惡人受永刑。太8 這都是災難的起頭。24 看哪,耶和華使地空虛,變為荒涼;又翻轉大地,將居民分散。 6 地上的居民被火焚燒,剩下的人稀少信耶穌,信耶穌是耶和華成肉身,為拯救罪人代死在十字架上,第叄天復活、升天; 他是人類唯一之救主,天地之主宰,獨一之真神。信審判 信主耶穌必於世界末日,從天降臨,審判萬民;義人得永生,惡人受永刑

 

Egypt’s rising interest rates and soaring inflation have hit second-quarter profits at some of the country’s food and drinks companies, providing evidence that consumers’ purchasing power is being squeezed.
Second-quarter net profits at Edita Food Industries, one of Egypt’s largest snack food producers, plunged 88% to 5.73mn Egyptian pounds ($319,888.27) from 47.42mn in the same period last year, even though sales rose 11.2%.
Juhayna Food Industries, Egypt’s biggest listed producer of packaged juice and dairy products, has reported an 8.6% drop in second-quarter net profits despite an 18.27% rise in sales.
Analysts said Edita’s and Juhayna’s results, published last week, showed that sales growth resulted from product price increases rather than actual sales volumes.
“The increase in production inputs are because of the increase in inflation…which had directly affected the companies profitability,” Ahmed Adel, senior analyst at Beltone Financial, said.
Egypt introduced sweeping economic reforms last year as part of a three-year $12bn International Monetary Fund loan programme, floating its currency and cutting subsidies to attract foreign investment that fled after a 2011 uprising.
But these measures have contributed to an increase in inflation above 30% which has reduced people’s purchasing power.
The central bank has also raised key interest rates by 700 basis points since November when it floated its currency.
Edita’s financing expenses jumped by 137% to reach 25.42mn pounds, while Juhayna’s expenses increased by 67% to reach 98.98mn pounds, the companies said in their earnings statements last week.
Food and beverage companies have increased spending on sales and distribution to maintain their market share, which has been hit by a drop in demand due to price rises.
Last month, the government increased electricity prices by up to 42% this fiscal year for households.

Egypt’s rising dollar resources is bad news for its consumers

Cairo

Filed on August 4, 2017 | Last updated on August 4, 2017 at 05.32 pm

Non-oil sector continues to weaken

Egypt’s foreign currency reserves have at last surpassed levels seen before its 2011 uprising, but importers and analysts say growing dollar liquidity also reflects an uncomfortable reality: consumers battered by austerity are unable to buy.

Egypt said that reserves surged by $4.7 billion in July to reach $36.04 billion, higher even than levels on the eve of the uprising that overthrew Hosni Mubarak.

Dollar liquidity has been on the upswing since Egypt signed a $12 billion three-year International Monetary Fund loan agreement in November.

The loan deal is tied to economic reforms such as floating its pound currency, a move that halved its value and made exports competitive but which has pushed inflation to over 30 per cent.

Those higher prices and IMF-backed subsidy cuts and tax hikes have hit consumer spending. Egyptian companies, many of which rely heavily on imports that have become more expensive, have found they cannot pass those additional costs on to customers whose purchasing power has been dramatically reduced.

As long as purchasing power remains weak people won’t have the appetite to import and sell locally," said Allen Sandeep, head of research at Naeem Brokerage.

Six importers who spoke to Reuters said their businesses have been crushed because the exchange rate makes their goods too costly for struggling Egyptians. The pound traded at about 17.8 pounds to the dollar on Thursday. “Demand for dollars is lower, and both people and factories are taking lower quantities [of goods]… we are at least 25 per cent down in terms of tonnage compared to last year," said a large food importer who preferred to remain anonymous.

Sales of passenger cars, a sector dependent almost entirely on imports, dropped 44 per cent in June compared with a year before, according to an industry analysis by Egypt’s Automotive Marketing Informational Council.

“Our imports would have been double if it wasn’t for these problems," said Ahmed Anis Ezz Eldin, owner of a car part importing company.

But weaker demand for imports has helped narrow a once gaping trade deficit, which fell in the first half of 2017 by 46 per cent year-on-year on the back of a sharp $10 billion decline in imports.

Importers say that decline is also fuelled by interest rates that have climbed too high to justify financing their businesses after the central bank hiked key rates by 7 percentage points to combat inflation since the currency float.

At 22 per cent [interest rates] there is nothing that makes money," said the food importer.

Non-oil sector weakening

Meanwhile, Egypt’s non-oil private sector business activity continued deteriorating in July, but the contraction in output slowed and new orders stabilised after months of decline, a survey showed.

The Emirates NBD Egypt Purchasing Managers’ Index for the non-oil private sector rose to 48.6 in July from 47.2 a month before but remained below the 50 mark that separates growth from contraction. Output continued to decline in July, but at the slowest pace in a year, rising to 47 from June’s 45.3. New orders ended a 21-month trend of decline in July, rising to 50 from 46.3 a month earlier.

For the fourth month in a row, new exports rose in July, to 50.3 from 51 in June, as the Egyptian pound remained weak.

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