{"id":578238,"date":"2022-12-20T04:00:13","date_gmt":"2022-12-20T04:00:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/"},"modified":"2022-12-20T04:00:13","modified_gmt":"2022-12-20T04:00:13","slug":"the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/","title":{"rendered":"The IMF + the EGP were the topics du jour on the airwaves"},"content":{"rendered":"<p><strong>The economy dominated the conversation on an otherwise uneventful night on the <\/strong><strong>airwaves.<\/strong> The nation\u2019s talking heads did their best to put a positive spin on the ongoing FX crunch, voicing optimism that the <a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/18\/we-got-the-imf-package-now-heres-what-we-need-to-do-91483\/\">incoming money from the IMF<\/a> will help to stabilize the EGP and replenish the banking system\u2019s supply of FX.<\/p>\n<p><strong>The IMF agreement is helping to reverse volatility in the parallel market<\/strong>, El Hekaya\u2019s Amr Adib said, noting that the greenback has fallen 15% against the EGP since Friday (<a href=\"https:\/\/www.youtube.com\/watch?v=gvnis5k4huM\">watch, runtime: 33:20<\/a>).<\/p>\n<p><strong>The USD will eventually settle down<\/strong>, Egyptian Gulf Bank Executive Director Nidal Assar told Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=bPSpI0Kz8ko\">watch, runtime: 8:57<\/a>). \u201cThe IMF\u2019s approval and bridging our gap in funds will help fulfill the high demand on hard currencies \u2026 it\u2019s not a one way street,\u201d said, referring to the EGP losing value against the USD, citing the 2016 devaluation when people were speculating that the EGP would fall to 23-24 against the greenback.<\/p>\n<p><strong>Privatization is one of the tonics:<\/strong> The state needs to shed some of its assets to acquire liquidity, Adib said, pointing the finger at cigarette producer Eastern Company. \u201cIf the government decided to privatize the company, it will be met with great demand from local and foreign investors,\u201d he said.<\/p>\n<p><strong>More state transparency needed: <\/strong>The Madbouly government needs to work on relaying its every move to its citizens, rather than leave them in shock of surprise devaluations or rate hikes, Adib said.<\/p>\n<p><strong>ALSO ON THE AIRWAVES-<\/strong><\/p>\n<p><strong>How did the Balmain-<\/strong><strong><a href=\"https:\/\/www.azzafahmy.com\/eg\/\">Azza Fahmy<\/a><\/strong><strong> collab come to be? <\/strong>The household fashion brand wanted a pharaonic-inspired wearable piece and they contacted our very own jewelry designer Fahmy to get it done, Fahmy told Kelma Akhira last night (<a href=\"https:\/\/www.youtube.com\/watch?v=tFeGTD_Nyzo\">watch, runtime: 8:32<\/a>). Fahmy took inspiration from Egypt\u2019s rich history to create the Eye of Horus bustier and did so in only a three-month period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economy dominated the conversation on an otherwise uneventful night on the airwaves. The nation\u2019s talking heads did their best to put a positive spin on the ongoing FX crunch, voicing optimism that the incoming money from the IMF will help to stabilize the EGP and replenish the banking system\u2019s supply of FX. The IMF [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578239,"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":[2716,104,1419,72,8297,272,106,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-azza-fahmy","tag-economy","tag-egp","tag-enterpriseam","tag-fashion","tag-imf","tag-last-nights-talk-shows","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"561c326a-7f35-48fe-a31d-7d848c81fdbe","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/422.jpg","photo_position":"above","related_issue":[578225],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The IMF + the EGP were the topics du jour on the airwaves - 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\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The IMF + the EGP were the topics du jour on the airwaves\" \/>\n<meta property=\"og:description\" content=\"The economy dominated the conversation on an otherwise uneventful night on the airwaves. The nation\u2019s talking heads did their best to put a positive spin on the ongoing FX crunch, voicing optimism that the incoming money from the IMF will help to stabilize the EGP and replenish the banking system\u2019s supply of FX. The IMF [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-20T04:00:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/422.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The IMF + the EGP were the topics du jour on the airwaves\",\"datePublished\":\"2022-12-20T04:00:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/\"},\"wordCount\":318,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/422.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Azza Fahmy\",\"economy\",\"EGP\",\"EnterpriseAM\",\"fashion\",\"IMF\",\"LAST NIGHT\u2019S TALK SHOWS\",\"Suez Canal\"],\"articleSection\":[\"LAST NIGHT\u2019S TALK SHOWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/the-imf-the-egp-were-the-topics-du-jour-on-the-airwaves\/\",\"name\":\"The IMF + the EGP were the topics du jour on the airwaves - 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summit got all the attention from the nation\u2019s talking heads, who have all decamped to Sharm El Sheikh to broadcast live from the conference:#1- Passing of the torch from COP26 President Alok Sharma to Sameh Shoukry: Sada Al Balad (watch, runtime: 2:30), Masaa DMC\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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":578158,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/18\/last-nights-talk-shows-all-about-the-imf\/","url_meta":{"origin":578238,"position":1},"title":"Last Night\u2019s Talk Shows: All about the IMF","author":"enterpriseam admin","date":"18 December 2022","format":false,"excerpt":"It was all about the IMF on last night\u2019s talk shows following the executive board\u2019s approval of our long-awaited USD 3 bn loan program on Friday (we have all the details in this morning\u2019s news well, above).The IMF agreement is no \u201cmagic wand\u201d to solve all our economic woes but\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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\/2022\/12\/363.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":614422,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/01\/more-economy-chatter-on-the-airwaves\/","url_meta":{"origin":578238,"position":2},"title":"More economy chatter on the airwaves","author":"enterpriseam admin","date":"1 February 2024","format":false,"excerpt":"It was another econ-heavy night to wrap up one very econ-heavy week, as the nation\u2019s talking heads continued their coverage of our IMF loan agreement.A larger IMF package won\u2019t come easy: The Fund is \u201cseriously\u201d considering at least doubling our USD 3 bn loan agreement to USD 6-10 bn but\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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\/2\/15.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594038,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/madboulys-visit-to-the-imf-world-bank-meetings-continues-egp-looking-up\/","url_meta":{"origin":578238,"position":3},"title":"Madbouly\u2019s visit to the IMF, World Bank meetings continues, EGP looking up","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"Mr. Madbouly goes to Washington: Prime Minister Mostafa Madbouly\u2019s trip to Washington got headline treatment on the airwaves last night, with Masaa DMC and Al Hayah Al Youm both pointing out that the PM met with a number of high-profile US officials and heads of key global organizations on the\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":575629,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/egypts-talk-shows-mahmoud-mohieldin-on-the-imf-board-expat-vote-in-house-elex\/","url_meta":{"origin":578238,"position":4},"title":"Egypt\u2019s talk shows: Mahmoud Mohieldin on the IMF board + expat vote in House elex","author":"enterpriseam admin","date":"21 October 2020","format":false,"excerpt":"Aside from the rainfall we\u2019re expecting over the next few days, veteran economist Mahmoud Mohieldin\u2019s appointment to the IMF executive board was the most popular topic on the airwaves last night. Mohieldin made the rounds on the airwaves to talk about his responsibilities as a board member, including representing the\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":553642,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/31\/the-aftermath-of-the-egp-float-continued-to-dominate-the-conversation-on-the-airwaves-last-night\/","url_meta":{"origin":578238,"position":5},"title":"The aftermath of the EGP float continued to dominate the conversation on the airwaves last night","author":"enterpriseam admin","date":"31 October 2022","format":false,"excerpt":"The economic impact of Thursday's float of the EGP continued to dominate the airwaves last night, with the nation\u2019s talking heads doing their best to put a positive spin on events and officials trying to assure the public on rising prices and the availability of goods.Nobody wanted to talk about\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578238","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=578238"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578238\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578239"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578238"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578238"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}