{"id":590091,"date":"2023-07-13T00:00:00","date_gmt":"2023-07-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/13\/last-nights-talk-shows-on-remittances-egypts-sudan-summit\/"},"modified":"2023-07-13T00:00:00","modified_gmt":"2023-07-13T00:00:00","slug":"last-nights-talk-shows-on-remittances-egypts-sudan-summit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/13\/last-nights-talk-shows-on-remittances-egypts-sudan-summit\/","title":{"rendered":"Last Night\u2019s Talk Shows on remittances, Egypt\u2019s Sudan summit"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A busy night on the airwaves after a busy news day: <\/span><span>The nation\u2019s talking heads gave us a <\/span><span>bit of everything, wrapping up a busy week with a fact check of rumors over remittances and today\u2019s peace summit dor Sudan.   <\/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\">It\u2019s business as usual for remittances: <\/span><span>Banks continue to disburse remittances from <\/span><span>abroad in the same currency in which they were sent, the Egyptian Banking Federation said in a release seen by <\/span><span>Masa\u2019a DMC (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=jh-pQYnSTVw\" style=\"\">watch, runtime: 1:11<\/a><\/span><span style=\"font-weight:400;\">). The statement came following rumors that banks are forcing beneficiaries of remittances to convert the money received into EGP. <\/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>Remittances from Egyptians abroad fell 10% to USD 28.3 bn last year as people <\/span><span>sold FX on the black market or held onto it in expectation of a further EGP devaluation, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5746193e-7714-4ae9-9a9a-7e3b29e78e7a\" style=\"\">World Bank report<\/a><\/span><span>. T<\/span><span style=\"font-weight:400;\">hey are set to rebound this year as the number of Egyptians working abroad picks up following the covid-19 pandemic. <\/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\">The talk shows sang the praises of the Egyptian efforts to resolv<\/span><span style=\"font-weight:700\">e the conflict in Sudan<\/span><span> starting with a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5afe9d46-6175-4363-8c55-5f112df2be88\" style=\"\">peacemaking summit<\/a><\/span><span> of Sudan\u2019s neighbors scheduled for later today. This summit is the \u201dkey to resolving the crisis,\u201d strategist Samir Farag told Salet El Tahrir (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=zbHask77lec\" style=\"\">watch, runtime: 23:04<\/a><\/span><span>), highlighting the strong relationship between the two countries. Farag is expecting the summit to result in a ceasefire and to bring the Sudanese Armed Forces and paramilitary Rapid Support Forces back to the negotiating table. <\/span><span>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=3oUIT8BTj-o\" style=\"\">watch, runtime: 13:19<\/a><\/span><span>) and <\/span><span>Masa\u2019a DMC (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=KL0Z3WcK9TM\" style=\"\">watch, runtime: 12:38<\/a><\/span><span>) both interviewed Sudanese professionals who voiced the Sudanese nation\u2019s appreciation for Egyptian efforts to resolve the conflict. <\/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\">Ration cards aren\u2019t going anywhere:<\/span><span> A prepaid, unified ration card that will also cover <\/span><span>services like health ins. and postal services will not replace the existing ration card, Assistant Supply Minister Ibrahim Ashmawy said during an interview with Sherif Amer on Yahduth Fi Masr (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=Scp_HXtYnNk\" style=\"\">watch, runtime: 10:26<\/a><\/span><span>). The prepaid card is optional for beneficiaries and will be used alongside ration cards, he said. Masa\u2019a DMC (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=rtLFAAEJJ-Y\" style=\"\">watch, runtime: 3:04<\/a><\/span><span style=\"font-weight:400;\">) also had coverage. <\/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\">AND- Another presidential candidate unveiled: <\/span><span>The Republican People\u2019s Party has<\/span><span> nominated Chairman Hazem Omar to enter the 2024 presidential election. Ala Mas\u2019ouleety had coverage (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=F7OJcRewv9s\" style=\"\">watch, runtime: 5:18<\/a><\/span><span style=\"font-weight:400;\">).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remittances are still being disbursed in the currency in which they were sent<\/p>\n","protected":false},"author":1,"featured_media":590092,"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":[7022,72,106,127,2396,190,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-2023-sudan-conflict","tag-enterpriseam","tag-last-nights-talk-shows","tag-politics","tag-remittances","tag-social-welfare","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"426e4530-eb9e-44c4-8071-374267ba507b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/522.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian talk shows cover the latest on remittances + Egypt\u2019s Sudan summit","related_issue":[590075],"teaser":"Remittances are still being disbursed in the currency in which they were sent","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.c1f1b527-98c1-43c9-964d-fff62ef6a21d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The lender says that flows will pick up due to an \u201caltruistic\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574826,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/23\/remittances-rise-11-in-july\/","url_meta":{"origin":590091,"position":1},"title":"Remittances rise 11% in July","author":"enterpriseam admin","date":"23 September 2020","format":false,"excerpt":"Remittances from Egyptians working abroad rose 11% to USD 2.9 bn in July, up from USD 2.6 bn reported in July of 2019, according to state news agency MENA. Egyptians working abroad sent some USD 17 bn into the country during the first seven months of the year, up from\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588916,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/19\/remittances-poised-for-small-rebound-this-year\/","url_meta":{"origin":590091,"position":2},"title":"Remittances poised for small rebound this year","author":"enterpriseam admin","date":"19 June 2023","format":false,"excerpt":"Remittances into Egypt fell 10% last year due to exchange rate uncertainty","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/889.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544661,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/15\/remittances-hit-record-high-in-2021\/","url_meta":{"origin":590091,"position":3},"title":"Remittances hit record high in 2021","author":"enterpriseam admin","date":"15 March 2022","format":false,"excerpt":"Remittances from Egyptians abroad rose 6.4% in 2021 to a record high of USD 31.5 bn, according to central bank figures (pdf) released yesterday.Egypt was one of the world\u2019s top remittance destinations last year, according to theWorld Bank, which puts us fifth behind India, China, Mexico and the Philippines.Remittances have\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594605,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/remittances-are-outpacing-fdi-and-foreign-aid-as-developing-countries-biggest-source-of-foreign-capital\/","url_meta":{"origin":590091,"position":4},"title":"Remittances are outpacing FDI and foreign aid as developing countries\u2019 biggest source of foreign capital","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Remittances are officially set to outpace FDI, aid, and private capital flows as the biggest source of foreign capital in developing countries this year, the Financial Times says. As FDI levels from advanced economies is dipping, economists expect the reliance on remittances to remain strong, and continue serving as a\u2026","rel":"","context":"In &quot;Worth reading&quot;","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/1814.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548842,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/remittances-hit-all-time-high-in-fy2021-2022-driven-by-high-oil-prices-and-cds\/","url_meta":{"origin":590091,"position":5},"title":"Remittances hit all-time high in FY2021-2022, driven by high oil prices and CDs","author":"enterpriseam admin","date":"24 August 2022","format":false,"excerpt":"Remittances hit a record high for the second year running in FY 2021-2022, rising 1.6% y-o-y to USD 31.9 bn, according to central bank figures (pdf) released yesterday. Inflows rose 2.5% y-o-y to a record USD 8.3 bn in the final quarter of the fiscal year (April-June) amid soaring oil\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/369.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\/590091","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=590091"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590091\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590075"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590092"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590091"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590091"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}