{"id":586892,"date":"2023-05-18T00:00:00","date_gmt":"2023-05-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/pm-madboulys-presser-economy-top-talk-show-coverage\/"},"modified":"2023-05-18T00:00:00","modified_gmt":"2023-05-18T00:00:00","slug":"pm-madboulys-presser-economy-top-talk-show-coverage","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/pm-madboulys-presser-economy-top-talk-show-coverage\/","title":{"rendered":"PM Madbouly\u2019s presser, economy top talk show coverage"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The economy topped talk show coverage last night <\/span><span style=\"\">following Prime Minister Moustafa <\/span><span style=\"font-weight:400;\">Madbouly\u2019s presser on the government\u2019s latest package of measures aimed at boosting foreign direct investment. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">More investments. More USDs. Better EGP value. <\/span><span style=\"\">\u201cThe offering program is important and <\/span><span>bringing in USD inflows from the program over the coming period will significantly support the EGP,\u201d cabinet spokesman Nader Saad told Yahduth Fi Masr\u2019s Sherif Amer (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=h3q7oX307zU\" style=\"\">watch, runtime: 4:49<\/a><\/span><span style=\"font-weight:400;\">). Nader said that the EGP would have been better valued if current global economic conditions were more stable and if USD inflows in the local banking sector weren\u2019t disturbed. \u201cThis state of fear and speculation affected the movement of the USD in the banking sector,\u201d he said, pointing to people refusing to deposit their USDs and companies withholding some of their USD earnings. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">\u201cThe USD presents a major burden on investors<\/span><span style=\"\"> and one of the main issues the Egyptian <\/span><span>economy is facing,\u201d <\/span><span>Egyptian Federation of Investors Associations head Moharam Helal <\/span><span>told Amer (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=DHIohmiN40k\" style=\"\">watch, runtime: 6:37<\/a><\/span><span>), voicing optimism about the future of the currency. Madbouly\u2019s press conference got coverage from Al Hayah Al Youm (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=zpRSC8tJhso\" style=\"\">watch, runtime: 4:55<\/a><\/span><span>) and Masa\u2019a DMC (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=TyHbpDyShC8\" style=\"\">watch, runtime: 2:04<\/a><\/span><span style=\"font-weight:400;\">). We have all the details in this morning\u2019s Investment Watch, above. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">National Dialogue back in focus: <\/span><span style=\"\">Tuesday\u2019s sessions focused on <\/span><span style=\"\">social protection programs <\/span><span>and the tourism sector, which collectively saw <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/photo\/?fbid=217980977659768&set=pb.100083436010455.-2207520000.\" style=\"\">470 attendees<\/a><\/span><span>. To weigh in on the tourism discussion Sherif Fayad, member of the leftist National Progressive Unionist Party, joined Al Youm (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=oJvVxfPUgfQ\" style=\"\">watch, runtime: 8:11<\/a><\/span><span>). <\/span><span style=\"font-weight:400;\">\u201cWe see that the revival of the tourism sector will not happen except with an economic plan. Our tourism capabilities are much higher than what we are aiming for economically,\u201d he said, adding that the problem is the lack of investment.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Also on the dialogue: <\/span><span style=\"\">Masa\u2019a DMC (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=DILCHhcCRdo\" style=\"\">watch, runtime: 3:11<\/a><\/span><span style=\"\">) proposed the National Dialogue <\/span><span style=\"font-weight:400;\">holds discussions on the \u201cold rent\u201d law. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The privatization program will help plug the FX shortage, says cabinet spox<\/p>\n","protected":false},"author":1,"featured_media":586893,"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":[104,72,106,281,6821],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-economy","tag-enterpriseam","tag-last-nights-talk-shows","tag-moustafa-madbouly","tag-national-dialogue","wpautop","entry"],"acf":{"mongo_id":"13d11d9e-7468-4dcb-b07d-67c72c62ea91","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1036.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Talk shows discuss the future of the exchange rate","related_issue":[586869],"teaser":"The privatization program will help plug the FX shortage, says cabinet spox","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.382487cb-d75b-4f3a-94a1-cc6fad43b61d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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