{"id":549957,"date":"2022-10-09T04:08:14","date_gmt":"2022-10-09T04:08:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/09\/last-nights-talk-shows-new-foreign-withdrawal-limits-more-on-privatization\/"},"modified":"2022-10-09T04:08:14","modified_gmt":"2022-10-09T04:08:14","slug":"last-nights-talk-shows-new-foreign-withdrawal-limits-more-on-privatization","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/09\/last-nights-talk-shows-new-foreign-withdrawal-limits-more-on-privatization\/","title":{"rendered":"Last Night\u2019s Talk Shows: New foreign withdrawal limits + More on privatization"},"content":{"rendered":"

New foreign withdrawal limits imposed by some local banks <\/strong>headlined last night\u2019s talk shows. Veteran banker Sahar El Damaty urged people to rationalize their USD use as the state works to secure FX assets in a phone call with Kelm Akhira (watch, runtime: 4:04<\/a>), pointing the finger at those who withdraw excessive amounts while abroad to sell later through the black market. First Abu Dhabi Bank Egypt\u2019s head of personal banking, Mariam Elsamny, also joined Kelma Akhira to explain why the bank has lowered its withdrawal limits (watch, runtime: 4:20<\/a>). We break down the new withdrawal limits in this morning\u2019s Banking section, above.<\/p>\n

Economists call for more private sector participation: <\/strong>The state needs to exit sectors where its participation gives it an unfair advantage, economic analyst Hany Geneina told Al Mowagha (watch, runtime: 0:24<\/a>). The private sector hasn\u2019t been investing in the country as much as it once did and current conditions are to blame, Edita CEO Hani Berzi said (watch, runtime: 0:35<\/a> | 0:21<\/a>). \u201cIt\u2019s not the state\u2019s role at all to work in certain sectors,\u201d Berzi said, without elaborating. The Madbouly government is expected<\/a> to lay out its state ownership policy \u2014 a roadmap for large-scale privatization of the economy \u2014 at the economic conference planned for the end of this month.<\/p>\n

FACT CHECK- <\/strong>Shipping firms haven\u2019t been looking at alternative routes to the Suez Canal after the Suez Canal Authority (SCA) said it will hike transit fees by 15%<\/a> next year, the authority said in a statement<\/a>. Al Hayah Al Youm had the story (watch, runtime: 2:51<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

New foreign withdrawal limits imposed by some local banks headlined last night\u2019s talk shows. Veteran banker Sahar El Damaty urged people to rationalize their USD use as the state works to secure FX assets in a phone call with Kelm Akhira (watch, runtime: 4:04), pointing the finger at those who withdraw excessive amounts while abroad […]<\/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":[204,1419,72,2234,2394,106,7197,587,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549957","post","type-post","status-publish","format-standard","hentry","category-last-nights-talk-shows","tag-banking","tag-egp","tag-enterpriseam","tag-foreign-exchange","tag-hani-berzi","tag-last-nights-talk-shows","tag-state-ownership-policy","tag-state-privatization-program","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"4eeff58e-7f0e-4ff1-820c-5ad474c32d1d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549939],"teaser":"","voice_url":""},"yoast_head":"\nLast Night\u2019s Talk Shows: New foreign withdrawal limits + More on privatization - 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\/10\/09\/last-nights-talk-shows-new-foreign-withdrawal-limits-more-on-privatization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last Night\u2019s Talk Shows: New foreign withdrawal limits + More on privatization\" \/>\n<meta property=\"og:description\" content=\"New foreign withdrawal limits imposed by some local banks headlined last night\u2019s talk shows. 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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. 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