{"id":610330,"date":"2023-11-19T00:00:00","date_gmt":"2023-11-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/madbouly-talks-up-end-of-fx-crisis-but-lamees-has-questions\/"},"modified":"2023-11-19T00:00:00","modified_gmt":"2023-11-19T00:00:00","slug":"madbouly-talks-up-end-of-fx-crisis-but-lamees-has-questions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/madbouly-talks-up-end-of-fx-crisis-but-lamees-has-questions\/","title":{"rendered":"Madbouly talks up end of FX crisis, but Lamees has questions"},"content":{"rendered":"

It was an economy-heavy night on the talk shows, <\/strong>with the latest on our USD crisis and IMF program center stage throughout the evening\u2019s topics of conversation.<\/p>\n

Madbouly acknowledges USD shortage: <\/strong>\u201cEgypt is facing a currency crisis, but it will be over soon,\u201d Prime Minister Moustafa Madbouly said yesterday during a press statement (watch, runtime: 2:58<\/a>). He also argued that this crisis has highlighted the need for Egypt to localize production. <\/p>\n

Lamees didn\u2019t take it well: <\/strong>\u201cThis is not the first time we hear such comments,\u201d Kelma Akhira\u2019s Lamees El Hadidi told her viewers and urged the the Madbouly government to tell the public how the currency crisis will be handled (watch, runtime: 3:19<\/a>). \u201cWe cannot blame this on the covid-19 pandemic, the Russian-Ukrainian war, or even the war on Gaza. These are problems that came on top of already existing problems like spending priorities and carelessness regarding industry \u2026 We need a more resilient economy,\u201d she added. <\/p>\n

Economic reforms are key<\/strong>, according to economist Medhat Nafei (watch, runtime: 8:10<\/a>) and banking expert Tarek Metwally (watch, runtime: 10:06<\/a>). <\/p>\n

Don\u2019t get too excited about a potentially bigger IMF program, says Adib. <\/strong>A larger IMF program increased by USD 2 bn to USD 5 bn will come with extra conditions, a large chunk of which will be difficult to fulfill, El Hekaya\u2019s Amr Adib said in his usual calm and collected way (watch, runtime: 3:28<\/a>). Kelma Akhira (watch, runtime: 6:38<\/a>) and Masa\u2019a DMC (watch, runtime: 2:52<\/a>) both had the news and we\u2019ve got our own coverage in the news well, above. <\/p>\n

Sugar is back in the market: <\/strong>The Supply Ministry has tapped into its reserves to help fill the gap in sugar supply that pushed prices to soar up to EGP 40 per kilo from their usual EGP 27, ministry spokesman Ahmed Kamal told Kelma Akhira (watch, runtime: 2:22<\/a>).<\/p>\n

ALSO ON THE AIRWAVES- Yamama continues his media tour: <\/strong>Al Wafd\u2019s presidential candidate Abdel Sanad Yamama was on Ala Maso\u2019uleety (watch, runtime: 5:57<\/a> | 3:14<\/a> | 3:23<\/a>) last night to tell viewers what a Yamana presidency would look like. Yamana pledged to raise the minimum wage to EGP 5k within a year, boost private sector activity, and better manage state assets. <\/p>\n

Every vote counts, even from overseas: <\/strong>Emigration Minister Soha Gendy joined Masa\u2019a DMC (watch,<\/a>runtime: 8:00<\/a>) to push Egyptian expats to vote in the upcoming presidential elections. <\/p>\n","protected":false},"excerpt":{"rendered":"

El Hadidi demanded answers on how we will overcome the FX crisis<\/p>\n","protected":false},"author":1,"featured_media":610331,"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":[104,7141,72,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-economy","tag-elections-2023","tag-enterpriseam","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"25d8548e-e21f-4497-b471-ce40e0c0a9e7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/958.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Madbouly talks up end of FX crisis, but Lamees has questions","related_issue":[610304],"teaser":"El Hadidi demanded answers on how we will overcome the FX crisis","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.eeffd849-3b85-4f5b-ba21-0d7eed9e4a42.mp3"},"yoast_head":"\nMadbouly talks up end of FX crisis, but Lamees has questions - 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Curfew reduction has doctors\u2019 blessing: Cabinet\u2019s crisis management committee\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","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":578401,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/27\/last-nights-talk-shows-banks-to-secure-fx-to-clear-import-backlog-within-4-days-says-el-sisi\/","url_meta":{"origin":610330,"position":2},"title":"Last Night\u2019s Talk Shows: Banks to secure FX to clear import backlog within 4 days, says El Sisi","author":"enterpriseam admin","date":"27 December 2022","format":false,"excerpt":"It was another econ-heavy night on the airwaves, this time centered on President Abdel Fattah El Sisi\u2019s speech during a factory inauguration ceremony in Abu Rawash and his promise to help clear our backlogged ports soon.Banks to secure FX for letters of credit to help clear import backlogs? El Sisi\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","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\/2022\/12\/550.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571595,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/18\/last-nights-talk-shows-for-monday-18-may-2020\/","url_meta":{"origin":610330,"position":3},"title":"Last night\u2019s talk shows for Monday, 18 May 2020","author":"enterpriseam admin","date":"18 May 2020","format":false,"excerpt":"Another quiet Ramadan night on the airwaves: Power couple Lamees El Hadidi and Amr Adib pretty much had the floor to themselves. El Hekaya\u2019s Amr Adib took note of the Madbouly government\u2019s new covid restrictions (watch, runtime: 1:48), which Lamees covered in detail (see Speed Round, below).","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","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":614610,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/05\/lamees-el-hadidi-explains-why-the-egp-has-strengthened-against-the-usd\/","url_meta":{"origin":610330,"position":4},"title":"Lamees El Hadidi explains why the EGP has strengthened against the USD","author":"enterpriseam admin","date":"5 February 2024","format":false,"excerpt":"It was a one-woman show on the airwaves last night, with Kelma Akhira\u2019s Lamees El Hadidi giving us the only coverage worth noting on recent volatility in the USD exchange rate on the parallel market. The EGP \/ USD exchange rate on the black market is falling after last week\u2019s\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","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\/257.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613064,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/08\/the-economy-dominated-the-airwaves-until-the-early-hours\/","url_meta":{"origin":610330,"position":5},"title":"The economy dominated the airwaves until the early hours","author":"enterpriseam admin","date":"8 January 2024","format":false,"excerpt":"El Hadidi warned 2024 \u201cmay be the most difficult for us economically\u2026whether for people\u2019s pockets, lives, or the government itself,\u201d","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","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\/402.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\/610330","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=610330"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610330\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/610304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610331"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610330"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610330"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}