{"id":548894,"date":"2022-08-25T04:00:15","date_gmt":"2022-08-25T04:00:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/import-restrictions-privatization-were-the-topics-du-jour-on-the-airwaves\/"},"modified":"2022-08-25T04:00:15","modified_gmt":"2022-08-25T04:00:15","slug":"import-restrictions-privatization-were-the-topics-du-jour-on-the-airwaves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/import-restrictions-privatization-were-the-topics-du-jour-on-the-airwaves\/","title":{"rendered":"Import restrictions + privatization were the topics du jour on the airwaves"},"content":{"rendered":"

It was an econ-finance heavy night on the airwaves yesterday:<\/strong> Rumors that the Central Bank of Egypt could be about to reverse course on controversial import restrictions introduced in March got attention on the talk shows last night. We have more on this in this morning\u2019s news well, above.<\/p>\n

The Sisi administration\u2019s privatization strategy featured <\/strong>on Ala Mas\u2019ouleety following reports<\/a> that a government committee is studying the potential IPOs of ports and other assets owned by the Transport Ministry (watch, runtime: 5:01<\/a> | 7:49<\/a>). The committee will reportedly present within two months a proposal for privatizing select assets; it is reportedly headed by Prime Minister Moustafa Madbouly\u2019s economic advisor, Gihan Saleh, and will also include representatives from various ministries, the Sovereign Fund of Egypt (SFE) and GAFI. Plans to merge seven of Egypt\u2019s biggest ports under one entity and list it on the EGX were first announced<\/a> by Madbouly as part of sweeping privatization plans that will see the government attract USD 40 bn in investments over the next four years.<\/p>\n

Listing isn\u2019t the same thing as selling, says Moussa:<\/strong> In a long monologue railing against critics of privatization, Ala Mas\u2019ouleety\u2019s Ahmed Moussa denied that listing shares in state-owned companies is the same thing as \u201cselling\u201d assets and explained the benefits of leveraging foreign companies\u2019 investments and management experience while still retaining ownership of some companies in \u201cstrategic\u201d sectors. The IPOs of state-owned firms could bring in much-needed liquidity to the markets, and could also invite Egyptians to invest in companies through the bourse and feel a sense of ownership in state-owned assets, Rania Yacoub, board member at the EGX, told him, while reiterating his comments on the difference between selling state assets and partnering with the private sector to help operate and manage them.<\/p>\n

The appointment of Hassan Abdalla\u2019s new advisors, <\/strong>banking industry veterans Hisham Ezz Al Arab and Mohamed Naguib, also featured on Ala Mas\u2019ouleety (watch, runtime: 3:25<\/a>).<\/p>\n

Thousands of people didn\u2019t get the memo about electricity rationing:<\/strong> Some 26.6k buildings and businesses have been slapped with fines of up to EGP 4k after failing to abide by the recent measures<\/a> to cut electricity use, local development ministry spokesperson Khaled Qassem told Al Hayah Al Youm (watch, runtime: 19:32<\/a>). The government has so far managed to save about 22-25% of the electricity that goes towards roadlights, and 11% of what goes to store front signs, Qassem added.<\/p>\n

Some 250-300 companies have taken out conditions booklets <\/strong>for a tender for three industrial complexes comprising 1k units in Upper Egypt for micro, small and medium enterprises (MSMEs), head of the Industrial Development Authority (IDA) Mohamed El Zalat, told Masaa DMC (watch, runtime: 9:50<\/a>). The ministry had slashed prices for the booklets for companies bidding for the units by more than half to EGP 300-500, from EGP 2k previously.<\/p>\n","protected":false},"excerpt":{"rendered":"

It was an econ-finance heavy night on the airwaves yesterday: Rumors that the Central Bank of Egypt could be about to reverse course on controversial import restrictions introduced in March got attention on the talk shows last night. We have more on this in this morning\u2019s news well, above. The Sisi administration\u2019s privatization strategy featured […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7232],"tags":[271,244,72,2276,78,106,587,483,208],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548894","post","type-post","status-publish","format-standard","hentry","category-last-nights-talk-shows","tag-central-bank-of-egypt","tag-electricity","tag-enterpriseam","tag-hassan-abdalla","tag-ipo-watch","tag-last-nights-talk-shows","tag-state-privatization-program","tag-trade-and-industry-ministry","tag-transport-ministry","wpautop","entry"],"acf":{"mongo_id":"a277efc1-73bd-4ca6-8eaf-56539312a893","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548874],"teaser":"","voice_url":""},"yoast_head":"\nImport restrictions + privatization were the topics du jour on the airwaves - 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\/2022\/08\/25\/import-restrictions-privatization-were-the-topics-du-jour-on-the-airwaves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Import restrictions + privatization were the topics du jour on the airwaves\" \/>\n<meta property=\"og:description\" content=\"It was an econ-finance heavy night on the airwaves yesterday: Rumors that the Central Bank of Egypt could be about to reverse course on controversial import restrictions introduced in March got attention on the talk shows last night. 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Kelma Akhira\u2019s Lamis El Hadidi (watch, runtime: 2:33) and Masa\u2019a DMC\u2019s Ramy Radwan (watch, runtime:\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582616,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/last-nights-talk-shows-more-privatization-talk-the-svb-fallout\/","url_meta":{"origin":548894,"position":2},"title":"Last Night\u2019s Talk Shows: More privatization talk + the SVB fallout","author":"enterpriseam admin","date":"13 March 2023","format":false,"excerpt":"Two topics dominated the airwaves last night: The state\u2019s privatization plans + the local angle of SVB\u2019s collapse. The Madbouly government yesterday said it will start on Wednesday preparing to offer two military-owned companies \u2014 bottled drinks firm Safi and fuel retailer Wataniya \u2014 to strategic investors. The news got\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Kelma-Akhira-13-3-23-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605651,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/04\/eastern-eni-dominate-business-coverage-on-the-nations-talk-shows\/","url_meta":{"origin":548894,"position":3},"title":"Eastern + Eni dominate business coverage on the nation\u2019s talk shows","author":"enterpriseam admin","date":"4 September 2023","format":false,"excerpt":"Another slow night on the airwaves: The only business \/ econ-related news on the airwaves last night was provided by Ala Mas\u2019ouleety host Ahmed Moussa, who spoke to the spokespeople from the oil and public enterprises ministries about Eni\u2019s investment plans and the partial privatization of Eastern Company (more on\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/99.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546741,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/privatization-continues-to-dominate-the-airwaves\/","url_meta":{"origin":548894,"position":4},"title":"Privatization continues to dominate the airwaves","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"Planned public consultations on the state\u2019s privatization strategy got the talking heads talking last night \u2014 one day after Prime Minister Moustafa Madbouly said his government would seek opinions from stakeholders over a period of three months before signing off on the plans. Salet El Tahrir (watch, runtime: 23:55) and\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623266,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/a-pleasantly-quiet-night-on-the-airwaves\/","url_meta":{"origin":548894,"position":5},"title":"A pleasantly quiet night on the airwaves","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"It was an pleasantly quiet night on the airwaves with both Hona Al Asema and Al Hayah Al Youm off for the evening.The Tourism Ministry has lifted restrictions on umrah and will be accepting year-round applications, the head of the ministry\u2019s religious tourism committee Hisham Amin told Sherif Amer on\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548894","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=548894"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548894\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548874"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548894"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548894"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}