{"id":550409,"date":"2022-10-26T04:12:07","date_gmt":"2022-10-26T04:12:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/26\/last-nights-talk-shows-day-3-of-the-economic-conference\/"},"modified":"2022-10-26T04:12:07","modified_gmt":"2022-10-26T04:12:07","slug":"last-nights-talk-shows-day-3-of-the-economic-conference","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/26\/last-nights-talk-shows-day-3-of-the-economic-conference\/","title":{"rendered":"Last Night\u2019s Talk Shows: Day 3 of the economic conference"},"content":{"rendered":"

<\/a> President Abdel Fattah El Sisi took to the airwaves last night to talk all <\/strong>things<\/strong> economy<\/strong>, speaking just hours after he and Prime Minister Moustafa Madbouly wrapped up a three-day economic conference. El Sisi spoke with Al Tasea\u2019s Youssef El Husseiny (watch, runtime: 1:18:39)<\/a>. Here are the key takeaways from El Sisi\u2019s interview: <\/strong><\/p>\n

On the new administrative capital: <\/strong>The new capital has generated EGP 2 tn in revenues so far \u2014 and only some 40k feddans of the capital\u2019s 175k feddans have so far been developed, El Sisi said. The new capital could bring in some EGP 7.5 tn if land was sold at EGP 10k per sqm, he added. (Watch, runtime: 2:30<\/a>)<\/p>\n

We shouldn\u2019t use the EGP-USD exchange rate as a measure of the health of our economy<\/strong>, the president said. The USD is soaring on the back of monetary tightening by the US Federal Reserve, affecting many global currencies, El Sisi said, noting that what is important is being able to create a surplus in the trade balance. (Watch, runtime: 3:17<\/a>)<\/p>\n

We need to reduce imports and up exports \u2014 but the task is not an easy one<\/strong>, El Sisi said. He said the Ebdaa initiative is working to encourage the local production of commonly imported production inputs, but noted that new factories take years to set up and begin employing workers. (Watch, runtime: 2:10<\/a>)<\/p>\n

We have a major funding problem in education: <\/strong>The education sector needs EGP 250 bn to be brought up to scratch \u2014 not even half of which is available, El Sisi said. We need 60k new classrooms every year, which alone would cost EGP 60 bn, he added. (Watch, runtime: 1:35<\/a>)<\/p>\n

The talking heads spent their night dissecting El Sisi\u2019s two-hour<\/strong> closing speech at the conference.<\/strong> El Sisi used the speech to pledge more social protection measures and emphasize the state\u2019s plan to open up more sectors to the private sector.<\/p>\n

Below EGP 10k a month isn\u2019t a livable wage, <\/strong>President El Sisi said. \u201cSalaries are unacceptable \u2026 and less than EGP 10k for any working man is unlivable,\u201d he said during his closing speech yesterday (watch, runtime: 3:37<\/a>).<\/p>\n

EGX revival? <\/strong>The state offering its companies on the EGX will help encourage other privately-held companies to make their EGX debuts and in turn revive the market, FRA chief Mohamed Farid told Hadret Al Mowaten (watch, runtime: 12:32<\/a>).<\/p>\n

More private sector love: <\/strong>The private sector is the main source of the state\u2019s revenues and the factor that can help solve the employment issue, Finance Minister Mohamed Maait told Yahdoth Fi Masr (watch, runtime: 8:36<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

President Abdel Fattah El Sisi took to the airwaves last night to talk all things economy, speaking just hours after he and Prime Minister Moustafa Madbouly wrapped up a three-day economic conference. El Sisi spoke with Al Tasea\u2019s Youssef El Husseiny (watch, runtime: 1:18:39). Here are the key takeaways from El Sisi\u2019s interview: On the […]<\/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":[96,2566,72,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550409","post","type-post","status-publish","format-standard","hentry","category-last-nights-talk-shows","tag-abdel-fattah-el-sisi","tag-economic-conference","tag-enterpriseam","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"0c26bd1a-77d6-496c-807c-9efcdce04b5e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[550395],"teaser":"","voice_url":""},"yoast_head":"\nLast Night\u2019s Talk Shows: Day 3 of the economic conference - 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\/26\/last-nights-talk-shows-day-3-of-the-economic-conference\/\" \/>\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: Day 3 of the economic conference\" \/>\n<meta property=\"og:description\" content=\"President Abdel Fattah El Sisi took to the airwaves last night to talk all things economy, speaking just hours after he and Prime Minister Moustafa Madbouly wrapped up a three-day economic conference. 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Corruption and intra-group conflicts within the AU will be among Egypt\u2019s top challenges during its one-year tenure at the helm of\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":[]},{"id":650911,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/13\/el-sisi-inaugurates-the-countrys-largest-railway-station\/","url_meta":{"origin":550409,"position":1},"title":"El Sisi inaugurates the country\u2019s largest railway station","author":"enterpriseam admin","date":"13 October 2024","format":false,"excerpt":"The Madbouly government has spent some EGP 2 tn on the transport sector","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\/2024\/10\/940.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603702,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/talk-shows-cover-el-sisis-military-academy-speech-presidential-pardons\/","url_meta":{"origin":550409,"position":2},"title":"Talk shows cover El Sisi\u2019s military academy speech, presidential pardons","author":"enterpriseam admin","date":"20 August 2023","format":false,"excerpt":"El Sisi pardons 30 prisoners","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\/8\/893.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616694,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/10\/el-sisi-speaks-on-the-egp-float-gaza\/","url_meta":{"origin":550409,"position":3},"title":"El Sisi speaks on the EGP float, Gaza","author":"enterpriseam admin","date":"10 March 2024","format":false,"excerpt":"El Sisi\u2019s take on the float:President Abdel Fattah El Sisi\u2019s addressed Egyptians for the first time since Wednesday \u2014 when the central bank floated the currency and hiked rates \u2014 yesterday in a speech during the Armed Forces Cultural Symposium. 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