{"id":604155,"date":"2023-08-27T00:00:00","date_gmt":"2023-08-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/27\/last-nights-talk-shows-egypts-joining-brics-parties-announce-their-support-for-sisis-candidacy-for-a-new-term\/"},"modified":"2023-08-27T00:00:00","modified_gmt":"2023-08-27T00:00:00","slug":"last-nights-talk-shows-egypts-joining-brics-parties-announce-their-support-for-sisis-candidacy-for-a-new-term","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/27\/last-nights-talk-shows-egypts-joining-brics-parties-announce-their-support-for-sisis-candidacy-for-a-new-term\/","title":{"rendered":"Last Night\u2019s Talk Shows: Egypt\u2019s joining Brics + parties announce their support for Sisi\u2019s candidacy for a new term"},"content":{"rendered":"

Last night on the airwaves: <\/strong>The latest from Brics, the 2024 presidential election and more covid-19 coverage.<\/p>\n

We\u2019re joining Brics: <\/strong>Egypt\u2019s invitation to join the Brics bloc along with five other countries on Thursday, dominated coverage last night. <\/p>\n

Expectations are perhaps a bit too high in some quarters: <\/strong>Egypt\u2019s acceptance into the group is expected to significantly reduce demand for the USD in the local market, as the alliance looks to use local currencies in intra-country trade, the head of the Trade Ministry\u2019s Commercial Representation Sector, Yahya Al Wathiq Billah, told Ahmed Mousa on Ala Masouleety (watch, runtime: 13:31<\/a>). Al Wathiq Billah urged the Central Bank of Egypt to develop an appropriate plan that benefits from Egypt\u2019s membership of the alliance. <\/p>\n

Joining the alliance will also provide new financing opportunities for Egypt<\/strong>, and enhance cross-trade with other Brics countries, thereby attracting more foreign investments, Assistant Supply Minister Ibrahim Ashmawy told Ala Masouleety (watch, runtime: 3:38<\/a>). Egypt\u2019s position as a key commercial gateway boosted its acceptance to the group, Ashmawy added, plus it is the largest market in the Arab world (watch, runtime: 3:49<\/a>). Ashmawy is also head of both the EMX mercantile exchange and the Internal Trade Development Authority (ITDA). We have the full story in this morning\u2019s news well, above. <\/p>\n

Also giving the summit coverage: <\/strong>Masaa DMC (watch, runtime: 3:55<\/a>), Ala Masouleety (watch, runtime: 5:55<\/a>), Al Hayah Al Youm (watch, runtime: 18:59<\/a>) all dedicated airtime to the summit.<\/p>\n

Election 2024: <\/strong>Several parties have announced their support for President Abdel Fattah El Sisi\u2019s expected bid to secure a third term in office, with pro-government party Mostaqbal Watan and the Free Egyptians Party leading the way. Ala Masouleety\u2019s Ahmed Moussa discussed the reasons behind the two parties\u2019 support for the president\u2019s candidacy with Mostaqbal Watan Rep. Ashraf Rashad and Essam Khalil, head of the Free Egyptians Party, (watch, runtime: 2:00<\/a> | watch, runtime: 10:05<\/a>). Meanwhile, Masaa DMC covered the Free Egyptians Party\u2019s new pro-El Sisi campaign for the upcoming election (watch, runtime: 5:33<\/a>).<\/p>\n

Also on the airwaves last night: <\/strong><\/p>\n