{"id":573210,"date":"2020-07-26T04:16:34","date_gmt":"2020-07-26T04:16:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/local-consumer-spending-initiative-top-topic-on-talks-shows\/"},"modified":"2020-07-26T04:16:34","modified_gmt":"2020-07-26T04:16:34","slug":"local-consumer-spending-initiative-top-topic-on-talks-shows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/local-consumer-spending-initiative-top-topic-on-talks-shows\/","title":{"rendered":"Local consumer spending initiative top topic on talks shows"},"content":{"rendered":"

A government program to kickstart consumer spending<\/strong> and the latest on the Grand <\/strong>Ethiopian Renaissance Dam<\/strong> caught the attention of the talking heads last night.<\/p>\n

Are we about to see an end to the demand slump?<\/strong> Masaa DMC's Eman El Hosary spoke with Finance Minister Mohamed Maait to discuss the three-month \u201cNot Too Expensive for You (Ma Yeghlash Aleik)\u201d program to encourage consumer spending. Some 22mn ration cards will be topped up by EGP 200 per family member for a maximum of EGP 1k for every family, he said, adding that the initiative will be mutually beneficial for producers and consumers (watch, runtime: 8:00)<\/a>. Ala Mas\u2019ouleety\u2019s Ahmed Moussa phoned Amr Madkour, a tech advisor to the minister, to comment on the initiative (watch, runtime: 9:57<\/a>).<\/p>\n

An opening for local industry? <\/strong>Speaking on the initiative, Trade and Industry Minister Nevine Gamea told El Hekaya\u2019s Amr Adib that the damage done to international markets and global supply chains provided an opening to support local producers (watch, runtime: 5:31)<\/a>. We have more on the program in this morning\u2019s Speed Round, below.<\/p>\n

The initial filling of the GERD isn\u2019t yet a problem: <\/strong>Adib and Al Kahera Alaan\u2019s Lamees El Hadidi both spoke with Irrigation Ministry spokesperson Mohamed El Sebaei, who told them that the first phase of filling the Grand Ethiopian Renaissance Dam (GERD) has not affected Egypt's water share because of reserves held at the High Dam. Ethiopia last week completed the first stage of filling the dam, storing 4.9 bcm in the reservoir. Watch the interview with Lamees here (runtime, 11.29<\/a>) and Adib here (runtime, 7:53<\/a>).<\/p>\n

Time to get strict on the timeframe for negotiations?<\/strong> There must be a firm timeframe placed on the African Union-sponsored GERD talks due to Ethiopia\u2019s \u201cprevarication\u201d and \u201cprocrastination,\u201d Khaled Abu Zaid, regional director of water resources at the Center for Environement and Development for the Arab Region and Europe (CEDARE), told Lamees. Cairo could return to the UN Security Council if the next round of talks falters, he said (watch, runtime:11.38<\/a>). Masaa DMC\u2019s Eman El Hosary phoned journalist Emadeldin Adib who commented on the previous failed negotiations with Ethiopia (watch, runtime: 22:57)<\/a>. We have more updates on the state of the GERD negotiations in Speed Round, below.<\/p>\n

Emaar opens new EGP<\/strong> 950<\/strong> mn Marassi hotel:<\/strong> Emaar Properties CEO Mohamed Alabbar dropped in to El Hekaya to talk to Amr Adib about the official opening of the company\u2019s EGP 950 mn Address Marassi Golf Resort hotel on the north coast, which it announced (pdf)<\/a> yesterday. The resort is the second of nine hotels that Emaar will open in the Sidi Abdelrahman bay area (watch, runtime: 1:02<\/a>). Alabbar said that Egypt is proving to be the best market for Emaar during the pandemic, adding that the company is working with the Egyptian government to expand the Sahel season to 10 months, instead of 3-4 months now.<\/p>\n","protected":false},"excerpt":{"rendered":"

A government program to kickstart consumer spending and the latest on the Grand Ethiopian Renaissance Dam caught the attention of the talking heads last night. Are we about to see an end to the demand slump? Masaa DMC's Eman El Hosary spoke with Finance Minister Mohamed Maait to discuss the three-month \u201cNot Too Expensive for […]<\/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":[3841,1527,2379,72,382,955,3399,277,331,2074,287,98,238,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573210","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-aswan-high-dam","tag-emaar-misr","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","tag-ethiopia","tag-hospitality","tag-marassi","tag-mohamed-maait","tag-nevine-gamea","tag-north-coast","tag-smes","tag-subsidies","tag-tourism","tag-water","wpautop","entry"],"acf":{"mongo_id":"b2515c94-b883-417c-ba07-a84f9650e45e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[573206],"teaser":"","voice_url":""},"yoast_head":"\nLocal consumer spending initiative top topic on talks shows - 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\/07\/26\/local-consumer-spending-initiative-top-topic-on-talks-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local consumer spending initiative top topic on talks shows\" \/>\n<meta property=\"og:description\" content=\"A government program to kickstart consumer spending and the latest on the Grand Ethiopian Renaissance Dam caught the attention of the talking heads last night. 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The breakdown of GERD negotiations the schools \u201cexpenses crisis\u201d also got attention from the nation\u2019s talking heads. Finance Minister Mohamed Maait had a busy post-work schedule last night, stopping by Al Kahera Alaan\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":574838,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/23\/consumer-spending-program-to-end-26-october\/","url_meta":{"origin":573210,"position":1},"title":"Consumer spending program to end 26 October","author":"enterpriseam admin","date":"23 September 2020","format":false,"excerpt":"Consumer spending program to end 26 October: The consumer spending initiative launched by the government in July will come to an end on 26 October, Finance Minister Mohamed Maait said yesterday. The program aims to boost consumer spending by offering discounts on select goods such as electronics, furniture, appliances and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/255.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574393,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/finmin-ups-discounts-on-consumer-goods-to-boost-spending\/","url_meta":{"origin":573210,"position":2},"title":"FinMin ups discounts on consumer goods to boost spending","author":"enterpriseam admin","date":"8 September 2020","format":false,"excerpt":"FinMin ups discounts on consumer goods to boost spending: Ration card holders will receive a 14% discount on goods covered by the government\u2019s consumer spending initiative, up from 10% currently, Masrawy reports, citing Finance Minister Mohamed Maait. The additional price cut only applies to goods which merchants and manufacturers have\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/103.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573211,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-government-program-to-boost-consumer-spending-goes-live-today\/","url_meta":{"origin":573210,"position":3},"title":"Egyptian government program to boost consumer spending goes live today","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"Gov\u2019t program to boost consumer spending goes live today: A government initiative that aims to stimulate some EGP 125 bn-worth of consumer spending is launching today, cabinet said in a statement on Wednesday. All consumers (Egyptian and foreign residents alike) can buy select goods including electronics, appliances, clothes, leather products,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/197.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572883,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/13\/new-social-housing-project-car-replacement-initiative-top-stories-on-talk-shows\/","url_meta":{"origin":573210,"position":4},"title":"New social housing project, car replacement initiative top stories on talk shows","author":"enterpriseam admin","date":"13 July 2020","format":false,"excerpt":"New social housing project, state budget get attention on the airwaves last night: Al Kahera Alaan\u2019s Lamees El Hadidi spoke with Housing Minister Assem El Gazzar, who discussed the Asmarat 3 social housing project, one of several projects inaugurated yesterday by President Abdel Fattah El Sisi. 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