{"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 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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":586892,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/pm-madboulys-presser-economy-top-talk-show-coverage\/","url_meta":{"origin":577899,"position":1},"title":"PM Madbouly\u2019s presser, economy top talk show coverage","author":"enterpriseam admin","date":"18 May 2023","format":false,"excerpt":"The privatization program will help plug the FX shortage, says cabinet spox","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\/5\/1036.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549209,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/madbouly-govt-to-offer-new-tax-breaks-for-high-value-industries-wont-change-course-on-expensive-national-projects-despite-economic-headwinds\/","url_meta":{"origin":577899,"position":2},"title":"Madbouly: Gov\u2019t to offer new tax breaks for high-value industries + won\u2019t change course on expensive national projects despite economic headwinds","author":"enterpriseam admin","date":"7 September 2022","format":false,"excerpt":"It was a slow night on the airwaves, with the talking heads focusing on a speech given by Prime Minister Moustafa Madbouly at Fayoum yesterday (watch, runtime: 25:43). The presser got coverage from Kelma Akhira, Masaa DMC, Al Hayah Al Youm, Ala Mas\u2019ouleety among others. Here are the highlights:More tax\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":578483,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/last-nights-talk-shows-getting-imports-flowing-again\/","url_meta":{"origin":577899,"position":3},"title":"Last Night\u2019s Talk Shows: Getting imports flowing again","author":"enterpriseam admin","date":"2 January 2023","format":false,"excerpt":"Imports led the inaugural talk shows of 2023, after Prime Minister Moustafa Madbouly held a presser at the weekend (watch, runtime: 16:48) on government efforts to clear the backlog of goods at ports. The central bank on Thursday lifted the requirement to use letters of credit to finance imports and\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\/1\/9.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579338,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/02\/madboulys-big-presser-steals-the-show\/","url_meta":{"origin":577899,"position":4},"title":"Madbouly\u2019s big presser steals the show","author":"enterpriseam admin","date":"2 February 2023","format":false,"excerpt":"The privatization program, a lifeline for real estate developers, and golden licenses to industry dominated the conversation on last night\u2019s talk shows, as the pundits digested the torrent of news unleashed by Prime Minister Moustafa Madbouly at his post-cabinet meeting presser. We have the full story on all the PM\u2019s\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\/2\/42.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579169,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/29\/imports-backlog-at-ports-is-no-more-says-madbouly\/","url_meta":{"origin":577899,"position":5},"title":"Imports backlog at ports is no more, says Madbouly","author":"enterpriseam admin","date":"29 January 2023","format":false,"excerpt":"Imports and India were the big business stories on last night\u2019s talk shows. Prime Minister Moustafa Madbouly announced that the imports backlog at ports has been cleared, and President Abdel Fattah El Sisi\u2019s tour to India, Azerbaijan, and today Armenia got top billing from the talking heads. S&P Global\u2019s affirmation\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\/1\/481.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}]}}