{"id":577899,"date":"2022-12-08T03:46:34","date_gmt":"2022-12-08T03:46:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/last-nights-talk-shows-madbouly-has-a-plan-to-solve-fx-woes\/"},"modified":"2022-12-08T03:46:34","modified_gmt":"2022-12-08T03:46:34","slug":"last-nights-talk-shows-madbouly-has-a-plan-to-solve-fx-woes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/last-nights-talk-shows-madbouly-has-a-plan-to-solve-fx-woes\/","title":{"rendered":"Last Night\u2019s Talk Shows: Madbouly has a plan to solve FX woes"},"content":{"rendered":"

It was a slow night on talk shows yesterday \u2014 sans Lamees Hadidi and Amr Adib <\/strong>\u2014 as we inch closer to the weekend.<\/strong> The biggest business story was the PM\u2019s presser reassuring us on the state of the economy (watch, runtime: 20:05<\/a>).<\/p>\n

<\/a> Everything is under control: <\/strong>Prime Minister Moustafa Madbouly held another presser on the economy yesterday, according to a cabinet statement<\/a>, as the government looks to reassure the market on FX rates, the state of imports, and the rising cost of living. Madbouly ran through the raft of measures the government has taken to address global economic headwinds, from moves to boost foreign inflows and sell state-owned assets to the private sector, to an EGP 130 bn package of tax cuts and social spending meant to alleviate the burden of rising costs domestically.<\/p>\n

The presser came as the government issued <\/strong>a report (pdf)<\/a><\/strong>responding to 17 claims and rumors circulating about the economy<\/strong>, including on the FX rate, the country\u2019s external debt, and our IMF loan. Masa\u2019a DMC\u2019s Ramy Radwan had a rundown of the report (watch, runtime: 3:15<\/a>).<\/p>\n

The government is working on a plan to secure the nation\u2019s FX needs until the end of FY 2022-2023<\/strong>, as well as a medium-term plan for the following two years, Madbouly said. Madbouly didn\u2019t provide details on what the plan entails. Some of the steps the government is taking to secure FX shouldn\u2019t be made public ahead of time to avoid negative repercussions, he said.<\/p>\n

Building on the economic conference: <\/strong>A new board of trustees will follow up on how to implement the recommendations that came out of the state\u2019s three-day economic conference in October, Madbouly said. A separate committee will prepare for a global conference to promote investment in Egypt in 1H 2023, Madbouly added.<\/p>\n","protected":false},"excerpt":{"rendered":"

It was a slow night on talk shows yesterday \u2014 sans Lamees Hadidi and Amr Adib<\/p>\n","protected":false},"author":1,"featured_media":577900,"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":[282,72,281],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-cabinet-watch","tag-enterpriseam","tag-moustafa-madbouly","wpautop","entry"],"acf":{"mongo_id":"cabf0d3f-11e8-407a-babe-10f12a387331","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/159.jpg","photo_position":"above","related_issue":[577881],"teaser":"It was a slow night on talk shows yesterday \u2014 sans Lamees Hadidi and Amr Adib"},"yoast_head":"\nLast Night\u2019s Talk Shows: Madbouly has a plan to solve FX woes - 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Ala Mas\u2019ouleety interviewed cabinet spokesperson Mohamed El Homsani (watch, runtime: 13:38) 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\/12\/1464.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636422,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/31\/on-sports-and-the-economy\/","url_meta":{"origin":577899,"position":1},"title":"On sports and the economy","author":"enterpriseam admin","date":"31 July 2024","format":false,"excerpt":"A little spots, a little economics. Last night\u2019s talk shows were focused on two main topics, the latest from the Paris Olympics and the latest from Prime Minister Moustafa Madbouly. On sports: Egypt qualifying for the men\u2019s football quarterfinals at the Paris Olympics after beating Spain 2-1 received attention from\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\/2024\/7\/2567.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622384,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/05\/on-power-cuts-and-the-cabinet\/","url_meta":{"origin":577899,"position":2},"title":"On power cuts and the cabinet","author":"enterpriseam admin","date":"5 June 2024","format":false,"excerpt":"It was a fairly uneventful night on the airwaves, with only two topics worth noting: The resignation of the cabinet and the longer-than-usual blackouts.Don\u2019t worry: The extended power cut was a one time thing for yesterday and yesterday only, despite what a deleted Facebook post from the Qalyubia governorate claimed,\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\/2024\/6\/441.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546426,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/madbouly-presser-on-economy-dominates-the-talk-shows\/","url_meta":{"origin":577899,"position":3},"title":"Madbouly presser on economy dominates the talk shows","author":"enterpriseam admin","date":"16 May 2022","format":false,"excerpt":"Prime Minister Moustafa Madbouly\u2019s epic presser yesterday was all over the airwaves last night: Business leaders gave their reactions to the state\u2019s strategy to raise private investment and sell-off state assets (covered in depth in this morning\u2019s news well, above), while Planning Minister Hala El Said appeared to answer questions\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":612951,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/04\/the-war-and-the-economy-topped-the-agenda-on-last-nights-airwaves\/","url_meta":{"origin":577899,"position":4},"title":"The war and the economy topped the agenda on last night\u2019s airwaves","author":"enterpriseam admin","date":"4 January 2024","format":false,"excerpt":"The government will always support \u201clow income earners,\u201d a cabinet spokesperson told Ahmed Moussa","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\/1\/285.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633669,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/18\/madbouly-apologizes-to-doctor-who-was-publicly-scolded-by-sohag-governor\/","url_meta":{"origin":577899,"position":5},"title":"Madbouly apologizes to doctor who was publicly scolded by Sohag governor","author":"enterpriseam admin","date":"18 July 2024","format":false,"excerpt":"A Madbouly-heavy night on the airwaves: Prime Minister Moustafa Madbouly\u2019s presser dominated the airwaves last night \u2014 find our full coverage in the news well, above. Madbouly apologized to El Maragha Hospital doctor who was scolded by Sohag governor Abdel Fattah Serag in a now viral video. The governor was\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\/2024\/7\/1426.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577899","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=577899"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577899\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577900"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577899"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577899"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}