What happens if the US-China trade war really ends? That question was at the center of Amr Adib’s discussion with economic expert Mohamed Fouad on El Hekaya (watch, runtime: 4:07). Fouad explained how a de-escalation in tensions between the world’s two largest economies could hit Egypt.

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The downside: Fouad explained that global oil prices are beginning to rise, gold prices are falling, and the USD index is strengthening — all of which could spell pressure on Egypt’s exchange rate. Since gold accounts for 26% of Egypt’s foreign reserves, its declining value could weigh on reserve strength, he said.

Despite the challenges, Fouad said the truce could carry some upside for Egypt. He noted that Egyptian industry and exports could still benefit from shifts in global trade flows, while higher oil prices — though a budgetary strain for Egypt — could bolster the economies of key trade partners. He also pointed to improving investor sentiment, particularly among those who had previously withdrawn from emerging markets.

READ MORE- We have the details of the US-China truce agreement in this morning’s Planet Finance.

ALSO ON THE AIRWAVES- El Sisi meets AfDB chief: Al Hayah Al Youm (watch, runtime:6:09) and Al Youm (watch, runtime: 0:37) had coverage of President Abdel Fattah El Sisi’s sit-down with African Development Bank President Akinwumi Adesina. The meeting saw El Sisi praising Adesina’s decade-long efforts to expand the bank’s role in funding development efforts across the continent.

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