{"id":614112,"date":"2024-01-28T00:00:00","date_gmt":"2024-01-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/28\/the-economy-dominated-the-airwaves-last-night\/"},"modified":"2024-01-28T00:00:00","modified_gmt":"2024-01-28T00:00:00","slug":"the-economy-dominated-the-airwaves-last-night","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/28\/the-economy-dominated-the-airwaves-last-night\/","title":{"rendered":"The economy dominated the airwaves last night"},"content":{"rendered":"

It was an econ-heavy on the airwaves <\/strong>with President Abdel Fattah El Sisi\u2019s comments on prices leading the conversation. <\/p>\n

\u201cLife is expensive<\/strong>,\u201d El Sisi said during comments made on the sidelines of Police Day ceremonies on Wednesday (watch, runtime: 17:01<\/a>), adding that the people of Egypt are enduring and putting up with it. \u201cWe need to endure some more to live and grow and overcome this challenge,\u201d he said. The president acknowledged the magnitude of the economic headwinds facing the country, telling journalists that geopolitical tension surrounding Egypt\u2019s borders comes at a hefty price for our economy. El Sisi\u2019s remarks also got airtime on Al Hayah Al Youm (watch, runtime: 4:48<\/a>). <\/p>\n

A solution on the horizon? <\/strong>The second round of the National Dialogue will address the country\u2019s economic challenges and look to find solutions, he said. <\/p>\n

Speaking of life being expensive: <\/strong>The nation\u2019s talking heads took note of the repeated jumps in commodities prices \u2014 steel, poultry, and dairy products \u2014 due exchange rate volatility. Head of the metals chamber at the Federation of Egyptian Industries Mohamed Hanafi, joined Kelma Akhira\u2019s Lamees El Hadidi to outline the drivers behind the increase in steel prices (watch, runtime: 7:45<\/a>). Meanwhile, Poultry Producers Union head Tharwat El Zeini told El Hadidi that poultry feed prices climbed about 35% in a single week (watch, runtime: 5:33<\/a>).<\/p>\n

Markets are confused <\/strong>by the unstable exchange rate <\/strong>and there must be a method to end the black market trading of the greenback, head of the Internal Trade Committee of the Importers Division of the Federation of Chambers of Commerce Matta Bishay told Masa\u2019a DMC (watch, runtime: 7:39<\/a>). He pointed to the need for the government to be transparent with citizens and importers about its plan to address the issue.<\/p>\n","protected":false},"excerpt":{"rendered":"

Geopolitical tension surrounding Egypt\u2019s borders comes at a hefty price for our economy<\/p>\n","protected":false},"author":1,"featured_media":614113,"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":[72,1666,2411,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-614112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-enterpriseam","tag-exchange-rate","tag-ittihadiya","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"31cf37b5-35ff-4c46-b9f9-8f800d78e45b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2270.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s President Abdel Fattah El Sisi acknowledges high prices and economic headwinds","related_issue":[614093],"teaser":"Geopolitical tension surrounding Egypt\u2019s borders comes at a hefty price for our economy","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.20bbfce0-0fad-4810-9b08-6010333c0a82.mp3"},"yoast_head":"\nThe economy dominated the airwaves last night - 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