{"id":579004,"date":"2023-01-22T04:15:13","date_gmt":"2023-01-22T04:15:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/"},"modified":"2023-01-22T04:15:13","modified_gmt":"2023-01-22T04:15:13","slug":"tub-tubs-for-moscows-trade-move","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/","title":{"rendered":"Tub-tubs for Moscow\u2019s trade move"},"content":{"rendered":"

It was a quiet night on the airwaves last night, <\/strong>with the pundits praising the Bank of Russia\u2019s<\/a>move last week<\/a> to approve the EGP as a trade currency, as well as the arrival of the first flight to Egypt from China in years.<\/p>\n

Moscow\u2019s inclusion of the EGP as a currency of trade will make it easier for us to import from Russia without putting any pressure on our USD reserves<\/strong>, Amr Al Samdouni, secretary-general of the Federation of Egyptian Chamber of Commerce\u2019s international transport and logistics division, told Salet El Tahrir in a phone call (watch, runtime: 7:43.)<\/a> Importers will now be able to open letters of credit in EGP to release shipments coming from Russia, Al Samdouni clarified.<\/p>\n

Can we do the same with China?<\/strong> Market watcher Hany Aboul Fotouh was also keen on the agreement, calling for a similar pact with China (watch, runtime: 7:01<\/a>.) This was echoed by Yomn El Hamaky, economics professor at Ain Shams University, who called on the Egyptian and Chinese central banks to agree on mechanisms to activate an already existing agreement that allows for trade in local currencies in a phone call to Al Hadath Al Youm (watch, runtime: 8:31<\/a>.)<\/p>\n

Price wars in the tourism sector? <\/strong>A yearslong pricing war between local tourism companies has decreased quality in the sector and spooked potential visitors, Egyptian Tourism Federation member Ali Ghoneim told Al Hadath Al Youm in a phone call (watch, runtime: 9:35<\/a>.) Ghoneim was invited to speak as part of a segment on the return of Chinese tourists to the local market after Beijing lifted strict covid restrictions (more on that in What We\u2019re Tracking Today, above.)<\/p>\n","protected":false},"excerpt":{"rendered":"

It was a quiet night on the airwaves last night, with the pundits praising the Bank of Russia\u2019smove last week to approve the EGP as a trade currency, as well as the arrival of the first flight to Egypt from China in years. Moscow\u2019s inclusion of the EGP as a currency of trade will make […]<\/p>\n","protected":false},"author":1,"featured_media":579005,"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":[1419,6539,72,106,9110,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-egp","tag-egypt-russia-relations","tag-enterpriseam","tag-last-nights-talk-shows","tag-rub","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"25eab21b-c073-4ea2-9665-7d0bc54eb536","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/364.jpg","photo_position":"above","related_issue":[578985],"teaser":"","voice_url":""},"yoast_head":"\nTub-tubs for Moscow\u2019s trade move - 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\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tub-tubs for Moscow\u2019s trade move\" \/>\n<meta property=\"og:description\" content=\"It was a quiet night on the airwaves last night, with the pundits praising the Bank of Russia\u2019smove last week to approve the EGP as a trade currency, as well as the arrival of the first flight to Egypt from China in years. Moscow\u2019s inclusion of the EGP as a currency of trade will make […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-22T04:15:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/364.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tub-tubs for Moscow\u2019s trade move\",\"datePublished\":\"2023-01-22T04:15:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/\"},\"wordCount\":283,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/364.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EGP\",\"Egypt-Russia relations\",\"EnterpriseAM\",\"LAST NIGHT\u2019S TALK SHOWS\",\"RUB\",\"tourism\"],\"articleSection\":[\"LAST NIGHT\u2019S TALK SHOWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/\",\"name\":\"Tub-tubs for Moscow\u2019s trade move - 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Minister Madbouly\u2019s presser on everything from wheat to imports \u2014 with a heavy side serving of bread talk as a new subsidies program gets underway.Loaves too dear: The new initiative allowing all citizens to\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\/332.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567546,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/last-nights-talk-shows-for-sunday-26-january-2020\/","url_meta":{"origin":579004,"position":1},"title":"Last night\u2019s talk shows for Sunday 26 January 2020","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"It was a mixed bag of nuts on the airwaves last night, with the virus outbreak in China taking center stage: Al Hayah Al Youm\u2019s Lobna Assal called Egypt\u2019s Ambassador to Beijing, Mohamed El-Badry, who confirmed that Egyptian expats in China have not yet reported any infected cases, noting that\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":621946,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/another-night-of-miscellany-on-last-nights-talk-shows\/","url_meta":{"origin":579004,"position":2},"title":"Another night of miscellany on last night\u2019s talk shows","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"It was another night of miscellany on last night\u2019s talk shows, with no overarching theme or topic of discussion 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2019","format":false,"excerpt":"CBE\u2019s EGP 100 mn subsidized lending for factories initiative has the airwaves buzzing: A Central Bank of Egypt-led initiative to give medium-sized factories access to EGP 100 bn-worth of subsidized loans, and medium-income households to EGP 50 bn in subsidized mortgages, received a lot of attention on the airwaves. 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