{"id":615830,"date":"2024-02-25T00:00:00","date_gmt":"2024-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/the-ras-el-hekma-sale-was-top-of-the-agenda-on-last-nights-talk-shows\/"},"modified":"2024-02-25T00:00:00","modified_gmt":"2024-02-25T00:00:00","slug":"the-ras-el-hekma-sale-was-top-of-the-agenda-on-last-nights-talk-shows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/the-ras-el-hekma-sale-was-top-of-the-agenda-on-last-nights-talk-shows\/","title":{"rendered":"The Ras El Hekma sale was top of the agenda on last night\u2019s talk shows"},"content":{"rendered":"

The Ras El Hekma agreement dominated the airwaves last night, <\/strong>as the nation\u2019s talking heads gave their praises to the UAE and Egypt\u2019s government for finalizing the agreement, while speculating over the implications of the sale and what it could mean for Egypt\u2019s future.<\/p>\n

The agreement is \u201cunlike any other,\u201d<\/strong> Naguib Sawiris said during a phone call with Hadrat el Mowaten\u2019s Sayed Ali (watch, runtime: 4:58<\/a>). Sawiris brought attention to the importance of the timing of the agreement \u2014 given Egypt\u2019s current economic woes \u2014 as well as the favorable conditions of the agreement. \u201cThere is a humanitarian side to the agreement from the UAE. This is a people who have loved Egypt all their lives, and have stood with Egypt all their lives, because they are convinced that Egypt is the gateway to the Arab nation and we must stand behind it,\" Sawiris added.<\/p>\n

\u201cThe agreement is a lifeline \u2013 but it is not the solution, it is only the beginning,\u201d<\/strong> El Heyaka\u2019s Amr Adib said (watch, runtime: 28:00<\/a>). \u201cThe state is breathing a sigh of relief. Now many officials can sleep in their homes. We are in a much better situation, and things are going well. This agreement is the beginning of a solution to the crisis,\u201d he added.<\/p>\n

Adib was primarily concerned with how the agreement would reflect on the lives of<\/strong> Egyptian citizens,<\/strong> and whether it could curb the surging prices of essential commodities. \u201cCommodity prices will fall when the state adjusts its course and begins implementing a new policy that will fight inflation, and harness the state\u2019s resources for that,\u201d economist Mohamed Fouad told Adib (watch, runtime: 19:52<\/a>) \u201cThe government has recently focused on fixing the exchange rate, which \u2014 along with large amounts of spending \u2014 greatly interferes with inflation, and even creates it. The price of the USD will fall only when the real demand for it is met,\u201d Fouad added. <\/p>\n

The Ras El Hekma agreement also received coverage from<\/strong> Kelma Akhira (watch, runtime:<\/a>7:50<\/a>), Masaa DMC (watch, runtime: 45:54<\/a>), and Al Hayah Al Youm (watch, runtime: 30:07<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement is \u201cunlike any other,\u201d Naguib Sawiris said during a phone call with Hadrat el Mowaten\u2019s Sayed Ali<\/p>\n","protected":false},"author":1,"featured_media":615831,"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":[72,103,106,81],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-615830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-enterpriseam","tag-fdi","tag-last-nights-talk-shows","tag-privatization-watch","wpautop","entry"],"acf":{"mongo_id":"ef08bdb0-0350-4e26-97e3-b30c639a4a43","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2310.jpg","photo_position":"above","homepage_title":"","full_issue_title":"The Ras El Hekma sale was top of the agenda on last night\u2019s talk shows","related_issue":[615808],"teaser":"The agreement is \u201cunlike any other,\u201d Naguib Sawiris said during a phone call with Hadrat el Mowaten\u2019s Sayed Ali","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.999e2a0d-2d0c-4176-a131-e6e192f263df.mp3"},"yoast_head":"\nThe Ras El Hekma sale was top of the agenda on last night\u2019s talk shows - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/the-ras-el-hekma-sale-was-top-of-the-agenda-on-last-nights-talk-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ras El Hekma sale was top of the agenda on last night\u2019s talk shows\" \/>\n<meta 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bonds, the parallel market, and commodity prices","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\/2740.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620275,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/the-future-of-the-ras-el-hekma-funds-in-question\/","url_meta":{"origin":615830,"position":1},"title":"The future of the Ras El Hekma funds in question","author":"enterpriseam admin","date":"19 May 2024","format":false,"excerpt":"Last night\u2019s talk shows zeroed in on the way forward following the Ras El Hekma agreement and buzzed with rebuttals against Israeli media reports claiming that Egypt is scrapping plans to join South Africa\u2019s case against Israel at the ICJ.Egypt last week secured the full USD 35 bn from 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