{"id":578027,"date":"2022-12-13T04:00:19","date_gmt":"2022-12-13T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/"},"modified":"2022-12-13T04:00:19","modified_gmt":"2022-12-13T04:00:19","slug":"building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/","title":{"rendered":"Building Reconciliation Law + a government clampdown on food price hikes leads the talk shows"},"content":{"rendered":"

It was another mixed bag on talk shows yesterday<\/strong>, with the talking heads focusing on a warning to shop owners from the cabinet and the ongoing debate over the new Building Reconciliation Law (we have more on the latter in this morning\u2019s news well, above).<\/p>\n

All retailers are going to need to start clearly displaying the prices of all their goods<\/strong> under new rules designed to tamp down on food price inflation announced<\/a> by Prime Minister Moustafa Madbouly yesterday. Shop owners will need to either price-tag everything or attach labels to the shelves, Assistant Supply Minister Ibrahim Ashmawy told Kelma Akhira\u2019s Lamees El Hadidi yesterday (watch, runtime: 18:09<\/a>). \u201cMadbouly stressed that the state has an iron first to interfere against those who hoard commodities or overprice them,\u201d he said.<\/p>\n

A taste of the fist:<\/strong> Regulatory bodies are set to agree on a deadline for retailers and shop owners to abide by the rules, Madbouly said. Anyone who doesn\u2019t comply is at risk of having their shops shut down and their stock confiscated and sold to citizens.<\/p>\n

The move is designed to deter traders from hoarding goods and artificially raising prices<\/strong>. The government recently designated rice as a \u201cstrategic commodity\u201d for at least three months under efforts to control prices amid a rising cost of living. Ashmawy said that yesterday\u2019s decision does not amount to price caps though he did not rule out the possibility further down the line. \u201cIt is possible,\u201d he said.<\/p>\n

The strongly-worded warning also received coverage <\/strong>from Masaa DMC (watch, runtime: 5:05<\/a>) and Al Hayah Al Youm (watch, runtime: 4:07<\/a>).<\/p>\n

The search for greenbacks:<\/strong> Kelma Akhira (watch, runtime: 5:13<\/a>) and Al Hayah Al Youm (watch, runtime: 4:25<\/a>) both covered a meeting led by Madbouly yesterday to discuss efforts to replenish the nation\u2019s foreign reserves. El Hadidi noted that Madbouly once again did not specify what the plan entails, yet said took note of Friday\u2019s meeting by the IMF and previous statements by Finance Minister Mohamed Maait on a plan to attract USD 5 bn from developmental partners, an intention to sell USD 1.5-2.5 bn of sukuk, the planned debut CNY-denominated Panda bond issuance and others.<\/p>\n

The arrest of fashion blogger Hadeer Atef on charges of fraud also got a mention <\/strong>from Masaa DMC (watch, runtime: 10:04<\/a>) and Kelma Akhira (watch, runtime: 5:48<\/a>). Atef and her husband, sister-in-law and husband were charged with fraud through collecting over EGP 1 mn in funds from 16 people who were scammed to believe they own companies operating in auto, real estate and the stock exchange. Atef was accused of promoting such scams to followers on her Instagram.<\/p>\n","protected":false},"excerpt":{"rendered":"

It was another mixed bag on talk shows yesterday, with the talking heads focusing on a warning to shop owners from the cabinet and the ongoing debate over the new Building Reconciliation Law (we have more on the latter in this morning\u2019s news well, above). All retailers are going to need to start clearly displaying […]<\/p>\n","protected":false},"author":1,"featured_media":578028,"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":[104,72,655,182,106,281,100,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-economy","tag-enterpriseam","tag-foreign-reserves","tag-inflation","tag-last-nights-talk-shows","tag-moustafa-madbouly","tag-policy","tag-retail","wpautop","entry"],"acf":{"mongo_id":"55e2107c-8f11-4225-9186-947ca7478479","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/260.jpg","photo_position":"above","related_issue":[578007],"teaser":"","voice_url":""},"yoast_head":"\nBuilding Reconciliation Law + a government clampdown on food price hikes leads the talk 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\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Building Reconciliation Law + a government clampdown on food price hikes leads the talk shows\" \/>\n<meta property=\"og:description\" content=\"It was another mixed bag on talk shows yesterday, with the talking heads focusing on a warning to shop owners from the cabinet and the ongoing debate over the new Building Reconciliation Law (we have more on the latter in this morning\u2019s news well, above). 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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":578027,"position":1},"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":609206,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/last-nights-talk-shows-on-madbouly-in-sinai-and-the-conflict-in-gaza\/","url_meta":{"origin":578027,"position":2},"title":"Last Night\u2019s Talk Shows on Madbouly in Sinai and the conflict in Gaza","author":"enterpriseam admin","date":"1 November 2023","format":false,"excerpt":"The details of Madbouly\u2019s Sinai visit were top of last night\u2019s talk shows as he revealed the details of the second phase of the Sinai development","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\/11\/10.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607531,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/04\/last-nights-talk-shows-on-inflation-taming-price-controls-and-the-2023-election\/","url_meta":{"origin":578027,"position":3},"title":"Last Night\u2019s Talk Shows on inflation-taming price controls and the 2023 election","author":"enterpriseam admin","date":"4 October 2023","format":false,"excerpt":"To pping the coverage on the airwaves last night: The government\u2019s new drive to tamp down the price of basic commodities in cooperation with the private sector had all the talking heads talking. Alaa Ezz, the secretary-general of the Federation of Egyptian Chambers of Commerce appeared everywhere to discuss the\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\/10\/285.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633852,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/22\/blackouts-continue-despite-promise-of-pause\/","url_meta":{"origin":578027,"position":4},"title":"Blackouts continue despite promise of pause","author":"enterpriseam admin","date":"22 July 2024","format":false,"excerpt":"It was another quiet night on the airwaves, with the few talk shows on the air focusing on the power cuts that continued throughout yesterday, despite Prime Minister Moustafa Madbouly saying that the government will be halting rolling blackouts until mid-September. It\u2019s not load shedding, says Electricity Ministry spokesperson: \u201cIt\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\/2024\/7\/1649.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640094,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/20\/a-potential-shakeup-to-food-subsidies-caught-the-attention-of-the-nations-talking-heads\/","url_meta":{"origin":578027,"position":5},"title":"A potential shakeup to food subsidies caught the attention of the nation's talking heads","author":"enterpriseam admin","date":"20 August 2024","format":false,"excerpt":"Subsidies led the discussion on last night\u2019s talk shows, with the nation\u2019s talking heads honing in on statements made by Supply Minister Sherif Farouk on government plans to restructure subsidies for a handful of essential commodities at a presser yesterday. The changes received ample airtime on Ala Mas\u2019ouleety (watch, runtime:\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\/8\/1739.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\/578027","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=578027"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578027\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578028"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578027"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578027"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}