{"id":571988,"date":"2020-06-08T04:23:50","date_gmt":"2020-06-08T04:23:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/maait-gives-lamees-an-update-on-egypts-economic-outlook-amid-covid-19\/"},"modified":"2020-06-08T04:23:50","modified_gmt":"2020-06-08T04:23:50","slug":"maait-gives-lamees-an-update-on-egypts-economic-outlook-amid-covid-19","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/maait-gives-lamees-an-update-on-egypts-economic-outlook-amid-covid-19\/","title":{"rendered":"Maait gives Lamees an update on Egypt\u2019s economic outlook amid covid-19"},"content":{"rendered":"

<\/a> The highlight of last night\u2019s talk shows was Finance Minister Mohamed<\/strong> Maait\u2019s chat with <\/strong>Al Kahera Alaan\u2019s Lamees El Hadidi<\/strong> for an update on Egypt\u2019s macro indicators and the government\u2019s outlook amid covid-19.<\/p>\n

The government is constantly updating its forecasts for Egypt\u2019s economic growth<\/strong> as developments in the global economy rapidly unfold \u2014 some of which are positive, including the better-than-expected jobs data<\/a> from Canada and the US, Maait said. The minister reiterated government expectations that Egypt will close out the current fiscal year (it ends on 30 June) with 4-4.2% GDP growth, down from original expectations of 6% growth.<\/p>\n

Expect to see GDP growth recover significantly in mid-2021<\/strong>, or by the beginning of FY2021-2022, the minister said. Planning Minister Hala El Said had previously said<\/a> the majority of Egypt\u2019s growth in the coming fiscal year (3.5%) will likely be concentrated in its second half, with \u201cvery low growth\u201d expected in the first half of the government\u2019s new fiscal year, which runs July-December of this calendar year.<\/p>\n

Egypt is still actively looking at financing from other international institutions beyond the IMF to help plug its budget deficit<\/strong>, after having secured a USD 2.8 bn rapid financing instrument and reaching an initial agreement over an additional USD 5.2 bn standby agreement from the fund, Maait told Lamees.<\/p>\n

Tap or click here to watch the full interview (runtime: 27:34).<\/a><\/strong><\/p>\n

PepsiCo is investing USD 100 mn in Egypt this year to expand its production lines<\/strong>, GAFI boss Mohamed Abdel Wahab told El Hekaya\u2019s Amr Adib. The investment is part of a total USD 515 mn the company pledged to invest over four years back in 2018<\/a> (watch, runtime: 2:41<\/a>).<\/p>\n

The Education Ministry is moving exams for three Thanaweya Amma subjects to at-home exams<\/strong> as it looks to reduce the number of students that pour into testing rooms, Minister Tarek Shawki told Lamees (watch, runtime: 17:55<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

The highlight of last night\u2019s talk shows was Finance Minister Mohamed Maait\u2019s chat with Al Kahera Alaan\u2019s Lamees El Hadidi for an update on Egypt\u2019s macro indicators and the government\u2019s outlook amid covid-19. The government is constantly updating its forecasts for Egypt\u2019s economic growth as developments in the global economy rapidly unfold \u2014 some of […]<\/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":[9281],"tags":[864,107,73,2379,72,276,272,277,1286],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571988","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-budget-deficit","tag-covid-19","tag-education","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","tag-finance-ministry","tag-imf","tag-mohamed-maait","tag-thanaweya-amma","wpautop","entry"],"acf":{"mongo_id":"4283159a-746b-4bf0-9db2-b7e0d6061d9b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[571984],"teaser":"","voice_url":""},"yoast_head":"\nMaait gives Lamees an update on Egypt\u2019s economic outlook amid covid-19 - 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\/2020\/06\/08\/maait-gives-lamees-an-update-on-egypts-economic-outlook-amid-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maait gives Lamees an update on Egypt\u2019s economic outlook amid covid-19\" \/>\n<meta property=\"og:description\" content=\"The highlight of last night\u2019s talk shows was Finance Minister Mohamed Maait\u2019s chat with Al Kahera Alaan\u2019s Lamees El Hadidi for an update on Egypt\u2019s macro indicators and the government\u2019s outlook amid covid-19. 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Among the highlights was Maait\u2019s suggestion that we could\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":576094,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/10\/last-nights-talk-shows-on-10-november-2020\/","url_meta":{"origin":571988,"position":1},"title":"Last Night\u2019s Talk Shows on 10 November 2020","author":"enterpriseam admin","date":"10 November 2020","format":false,"excerpt":"Finance Minister Mohamed Maait stole the limelight on the airwaves last night, sitting down with Kelma Akhira\u2019s Lamees El Hadidi for a wide-ranging discussion on the state of public finance, the ministry\u2019s covid-19 response, tax reform and the IMF standby loan (watch, runtime: 16:24). We have full coverage of the\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":600545,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/03\/proposed-constitutional-amendments-dominate-last-nights-talk-shows\/","url_meta":{"origin":571988,"position":2},"title":"Proposed constitutional amendments dominate last night\u2019s talk shows","author":"enterpriseam admin","date":"3 February 2019","format":false,"excerpt":"The potential for a new constitutional debate dominated the airwaves last night. We have the full story on the proposed amendments in Speed Round, below, including links to snippets from the talkshows.The government will until its draft FY2019-20 state budget in the House by the end of March, Finance Minister\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":568068,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/last-nights-talk-shows-on-16-december-2020\/","url_meta":{"origin":571988,"position":3},"title":"Last Night\u2019s Talk Shows on 16 December 2020","author":"enterpriseam admin","date":"16 December 2020","format":false,"excerpt":"State coffers are ready to dole out a fresh stimulus package if needed during the second wave of covid-19, with the top priority being healthcare spending, Finance Minister Mohamed Maait confirmed to Yahduth fi Misr\u2019s Sherif Amer. Maait had said last month that more stimulus has already been factored into\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":570412,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/draft-budget-reviewed-as-covid-19-fallout-still-dominates-talk-shows\/","url_meta":{"origin":571988,"position":4},"title":"Draft budget reviewed as covid-19 fallout still dominates talk shows","author":"enterpriseam admin","date":"31 March 2020","format":false,"excerpt":"It feels like a lifetime since we\u2019ve had anything other than covid-19 on our screens: Last night Finance Minister Mohamed Maait was doing the rounds on the talk shows to discuss the new details of the draft budget released yesterday. Maait dropped into Al Hayah Al Youm (watch, runtime: 17:\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":575583,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/last-nights-talk-shows-imfs-azour-talks-regional-economic-outlook-upcoming-review-of-egypts-sba\/","url_meta":{"origin":571988,"position":5},"title":"Last Night\u2019s Talk Shows: IMF\u2019s Azour talks regional economic outlook, upcoming review of Egypt\u2019s SBA","author":"enterpriseam admin","date":"20 October 2020","format":false,"excerpt":"It was a busy night on the airwaves last night, especially for Kelma Akhira\u2019s Lamees El Hadidi, who covered everything from an upcoming IMF review to disburse a second tranche of the USD 5.2 bn standby arrangement, to the upcoming House of Representatives election. MENA economies will only start to\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\/571988","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=571988"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/571988\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/571984"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=571988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=571988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=571988"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=571988"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=571988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}