It was a quiet night on the airwaves, with Kelma Akhira, El Hekaya and Yahduth Fi Masr all taking a night off. Earning a mention last night: blackouts (of course), today’s central bank meeting, and new figures about the soaring demand for gold in Egypt.
POWER CUTS-
We might be able to get some uninterrupted sleep starting today: A local news outlet reported that there won’t be any power cuts starting from midnight to noon every day, said Masa’a DMC host Ramy Radwan (watch, runtime: 3:00).
IT’S INTEREST RATE DAY-
THE CONSENSUS- CBE to hold rates: The Central Bank of Egypt is expected to hold rates when it holds its policy meeting today, economist Moustafa Badra told Ala Mas’ouleety’s Ahmed Moussa in a phone interview, in agreement with almost all the analysts we have heard from (watch, runtime: 3:03). Badra also discussed the new USD-denominated certificates launched by Banque Misr and the National Bank of Egypt last week, without providing any new information (watch, runtime: 3:33).
A NATION OF GOLDBUGS-
Egyptians are resorting to gold like never before: Radwan covered the new report from the World Gold Council which showed that Egyptians bought a record 10.4 tons of gold during the second quarter, more than triple the volumes in the same period last year. We have more in the news well, above (watch, runtime: 2:34).