{"id":603956,"date":"2023-08-23T00:00:00","date_gmt":"2023-08-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/23\/there-was-no-shortage-of-topics-on-the-airwaves-yesterday-with-a-new-oil-discovery-in-the-spotlight\/"},"modified":"2023-08-23T00:00:00","modified_gmt":"2023-08-23T00:00:00","slug":"there-was-no-shortage-of-topics-on-the-airwaves-yesterday-with-a-new-oil-discovery-in-the-spotlight","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/23\/there-was-no-shortage-of-topics-on-the-airwaves-yesterday-with-a-new-oil-discovery-in-the-spotlight\/","title":{"rendered":"There was no shortage of topics on the airwaves yesterday with a new oil discovery in the spotlight"},"content":{"rendered":"

Last night proved to be a busy evening on the airwaves: <\/strong> Diplomacy, food security, an oil find in the Gulf of Suez, and the ongoing Brics summit all received coverage.<\/p>\n

The Brics debate: <\/strong> Coinciding with the opening of the Brics summit in South Africa yesterday, Ala Mas\u2019ouleety\u2019s Ahmed Moussa invited several economists into the studio to discuss what we can expect from the summit, whether the organization will be able to challenge the G7\u2019s geopolitical dominance, and what it would mean for Egypt to become a member. The consensus: it will be long before we see the bloc pose serious competition to the current world order (watch runtime: 59:23<\/a>). <\/p>\n

What\u2019s in it for Egypt? <\/strong> With Egypt among the 20 countries that have formally applied to join the bloc, a large part of the conversation focused on the potential benefits of becoming a member. Entering the Brics would gradually wean Egypt off the greenback, bring in more investments from member states, allow us to enter into foreign partnerships in local currency, and get loans at better terms especially considering our joining of the Brics bank, banking expert Sahar El Damaty told Moussa (watch, runtime: 59:22<\/a>). <\/p>\n

And what\u2019s in it for them? <\/strong> The other Brics members would benefit from Egypt\u2019s strategic geographical location, economic expert Mohamed Shady told Masaa DMC (watch, runtime: 10:37<\/a>). None of the current member states have any objections to Egypt\u2019s entry but the bloc still needs time to evaluate the economic impact of the potential expansion, shady added.<\/p>\n

Boosting local wheat production: <\/strong> Masaa DMC (watch, runtime: 4:22<\/a>) and Ala Mas\u2019ouleety (watch, runtime: 4:42)<\/a> both covered President Abdel Fattah El Sisi\u2019s instructions<\/a> to the prime minister and the agriculture minister yesterday to increase the supply of fertilizer and equipment to farmers. In an interview on Ala Mas\u2019ouleety, Agriculture Ministry spokesman Mohamed El Kersh said that it had obtained around 240k tons of fertilizer to support planting 4 mn feddans of wheat. In a speech at the weekend<\/a>, El Sisi said the government would begin cultivating another 3 mn feddans in the coming months.<\/p>\n

ALSO GETTING ATTENTION ON THE AIRWAVES- <\/strong><\/p>\n