{"id":588712,"date":"2023-06-15T00:00:00","date_gmt":"2023-06-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/15\/el-sisis-egp-comments-dominate-the-airwaves\/"},"modified":"2023-06-15T00:00:00","modified_gmt":"2023-06-15T00:00:00","slug":"el-sisis-egp-comments-dominate-the-airwaves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/15\/el-sisis-egp-comments-dominate-the-airwaves\/","title":{"rendered":"El Sisi\u2019s EGP comments dominate the airwaves"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/span><span style=\"font-weight:700\"> El Sisi on the EGP: <\/span><span style=\"\">President Abdel Fattah El Sisi\u2019s comments during the National Youth <\/span><span>Conference in Alexandria on the impact of devaluation on Egypti<\/span><span style=\"font-weight:400;\">an citizens, the USD shortage, and ways to sustainably address our trade imbalance dominated the airwaves.<\/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\">El Sisi on <\/span><span style=\"font-weight:700\">the USD-EGP rate:<\/span><span> \u201cWe are flexible on the exchange rate, but not when it comes to Egypt\u2019s national security and the harm to the Egyptian people. When the effect of the exchange rate is taking a toll on the lives of Egyptians, we don\u2019t sit in place,\u201d El Sisi said yesterday in response to a participant at the National Youth Conference (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=4FDzIdQSZ6o&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\" style=\"\">watch, runtime: 10:37<\/a><\/span><span>). <\/span><span>\u201cWe can\u2019t, even if this contradicts with\u2026,\u201d he said, without finishing his sentence. <\/span><span style=\"font-weight:400;\">El Sisi added that the state is protecting citizens from the brunt of the impact of changing FX rates on the price of fuel and basic commodities. <\/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\">REMEMBER- <\/span><span>The central bank committed to maintaining a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ddd263a4-f28f-47d4-90e2-e93c3db56a26\" style=\"\">\u201cdurably flexible\u201d<\/a><\/span><span style=\"font-weight:400;\"> exchange rate under the USD 3 bn loan program agreed with the IMF in October. The EGP has since lost more than half its value against the USD but has remained stable at 30.96 since mid-March. <\/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\">Addressing the country\u2019s USD gap is a t<\/span><span style=\"font-weight:700\">o<\/span><span style=\"font-weight:700\">p priority<\/span><span style=\"font-weight:400;\">, El Sisi said, adding that the country needs to work together to up exports and lower imports and pointing to the government\u2019s manufacturing localization drive as one way to help. Turning to international debt markets to support reserves and help meet USD needs is no longer an option, El Sisi said. <\/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\">El Sisi\u2019s statements got wide coverage<\/span><span> from Ahmed Moussa on Ala Mas\u2019ouleety (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/posts\/pfbid0wuBunUvDwDcg8ay1FbadbFyeLwPbWBTSumaL55MRSjV1seFbbU6t3UFGgCWiU6xul?__cft__[0]=AZXuLaWDohj0WsFCHk76UeurQjuUhsxeFk3Mr_0-ujuBqUmuNlMVXIyJ8R8jcPHp2wh9lw-dAvmF-4kfGtPhNj74e06LhjFYkGlyw__waQQ8METckXZdIoH2RtAh6HzGIOu4SpwIvBFNaG-MnD3HJoA7wgyo2ABwtoVKtmRqEjUxVVys5v_qgD3f7K5fGUMja2k&__tn__=%2CO%2CP-R\" style=\"\">watch, runtime: 1:36<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/posts\/pfbid0AvbZYnxajokvyuC7viQRfggMicmTLiEhZtCHdxUgjXgQG3rMjj1cHj5kdQdWA1xXl?__cft__[0]=AZUIJkevMc32nsH5ek5VgVQA6rJu2ZITv_g7glspmVnDP1dJ6c2wFytJJEz3uDW9xZjtBt9iTTcBFFjnvqOv2Z5fHel-JbiOHd3ef6CuhJLvW5fZcMV5l0yDKsd2nFfhFzXTWt9KkiVA7blAJhRqN--XN7jVUHONtDR4iaIVtJLYU1ejf3WFxImr21zoW8qnQQo&__tn__=%2CO%2CP-R\" style=\"\">24:43<\/a><\/span><span>), Al Qahera News (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/?v=649468163292210\" style=\"\">watch, runtime: 1:13<\/a><\/span><span>), eXtra News (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=GUEk2MVtTKw&ab_channel=eXtranews\" style=\"\">watch, runtime 1:55:09<\/a><\/span><span>) and Misr Gedida on ITC (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/etctvchannel\/videos\/720259313205625\" style=\"\">watch, runtime: 7:18<\/a><\/span><span style=\"font-weight:400;\">).<\/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;\">There was more from El Sisi yesterday: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Tax breaks for startups? <\/span><span>The president directed that startups be exempted from taxes for a five-year period on the sidelines of the Youth Conference,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3Xc6jmf\" style=\"\">Hapi Journal<\/a><\/span><span style=\"font-weight:400;\"> reported, without providing further details. <\/span><\/li>\n<li><span style=\"font-weight:700\">T<\/span><span style=\"font-weight:700\">he president <\/span><span style=\"font-weight:700\">pledged to ratify the outcomes of the National Dialogue<\/span><span>without restriction, National Dialogue General Coordinator Diaa Rashwan said during on interview with Sherif Amer on Hadith fi Misr (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=U4uPgDXj_hk&ab_channel=%D9%8A%D8%AD%D8%AF%D8%AB%D9%81%D9%8A%D9%85%D8%B5%D8%B1\" style=\"\">watch, runtime: 5:14<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=ATljuU584dU&ab_channel=%D9%8A%D8%AD%D8%AF%D8%AB%D9%81%D9%8A%D9%85%D8%B5%D8%B1\" style=\"\">3:39<\/a><\/span><span style=\"font-weight:400;\">).<\/span><\/li>\n<li><span style=\"font-weight:700\">El Sisi\u2019s tour of <\/span><span style=\"font-weight:700\">a Beheira village <\/span><span>to follow<\/span><span> up on Decent Life Initiative projects received extensive coverage on 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=78i0m9gMouM&ab_channel=AlHayahTVNetwork\" style=\"\">watch, runtime: 1:11:22<\/a><\/span><span style=\"font-weight:400;\">).<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>There will be no further EGP devaluation if it harms citizens, El Sisi suggested<\/p>\n","protected":false},"author":1,"featured_media":588713,"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":[96,7106,72,2234,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-588712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-abdel-fattah-el-sisi","tag-debt","tag-enterpriseam","tag-foreign-exchange","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"5ab95629-ba7e-4b1e-bcb2-64d1dcf28946","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/779.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Egyptian talk shows cover El Sisi\u2019s comments on the EGP, debt and imports","related_issue":[588698],"teaser":"There will be no further EGP devaluation if it harms citizens, El Sisi suggested","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.8f487946-906e-47b8-aa7f-231346733ffc.mp3"},"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>El Sisi\u2019s EGP comments dominate 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\/2023\/06\/15\/el-sisis-egp-comments-dominate-the-airwaves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Sisi\u2019s EGP comments dominate the 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Wednesday \u2014 when the central bank floated the currency and hiked rates \u2014 yesterday in a speech during the Armed Forces Cultural Symposium. Why now? El Sisi refused to allow an EGP float\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\/3\/756.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616145,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/29\/el-sisis-address-announcing-the-arrival-of-the-first-tranche-of-ras-el-hekma-funds-dominated-the-airwaves-last-night\/","url_meta":{"origin":588712,"position":1},"title":"El Sisi\u2019s address announcing the arrival of the first tranche of Ras El Hekma funds dominated the airwaves last night","author":"enterpriseam admin","date":"29 February 2024","format":false,"excerpt":"ADQ deposited the first tranche of its USD 35 bn Ras El Hekma investment at the central bank on Tuesday","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\/2880.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653673,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/egypt-may-reevaluate-imf-loan-agreement-as-reform-program-amps-up-the-pressure\/","url_meta":{"origin":588712,"position":2},"title":"Egypt may reevaluate IMF loan agreement as reform program amps up the pressure","author":"enterpriseam admin","date":"21 October 2024","format":false,"excerpt":"The delayed fourth IMF loan review will focus on reforms like further subsidy cuts, building monetary reserves, capping tax breaks, and boosting revenues","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\/10\/1711.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600741,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/el-sisi-in-addis-ababa-lagarde-and-maaits-sit-down-electricity-bill-collectors-embezzle-egp-19-mn\/","url_meta":{"origin":588712,"position":3},"title":"El Sisi in Addis Ababa, Lagarde and Maait\u2019s sit-down, electricity bill collectors embezzle EGP 19 mn","author":"enterpriseam admin","date":"10 February 2019","format":false,"excerpt":"President Abdel Fattah El Sisi\u2019s arrival in Addis Ababa yesterday to assume Egypt\u2019s chairmanship of the African Union was the talk of the town on last night\u2019s talk shows. Corruption and intra-group conflicts within the AU will be among Egypt\u2019s top challenges during its one-year tenure at the helm of\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":614112,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/28\/the-economy-dominated-the-airwaves-last-night\/","url_meta":{"origin":588712,"position":4},"title":"The economy dominated the airwaves last night","author":"enterpriseam admin","date":"28 January 2024","format":false,"excerpt":"Geopolitical tension surrounding Egypt\u2019s borders comes at a hefty price for our economy","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\/1\/2270.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650911,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/13\/el-sisi-inaugurates-the-countrys-largest-railway-station\/","url_meta":{"origin":588712,"position":5},"title":"El Sisi inaugurates the country\u2019s largest railway station","author":"enterpriseam admin","date":"13 October 2024","format":false,"excerpt":"The Madbouly government has spent some EGP 2 tn on the transport sector","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\/10\/940.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\/588712","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=588712"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/588712\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/588698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/588713"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=588712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=588712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=588712"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=588712"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=588712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}