{"id":616065,"date":"2024-02-28T00:00:00","date_gmt":"2024-02-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/28\/ras-el-hekma-once-again-dominated-the-airwaves-last-night\/"},"modified":"2024-02-28T00:00:00","modified_gmt":"2024-02-28T00:00:00","slug":"ras-el-hekma-once-again-dominated-the-airwaves-last-night","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/28\/ras-el-hekma-once-again-dominated-the-airwaves-last-night\/","title":{"rendered":"Ras El Hekma once again dominated the airwaves last night"},"content":{"rendered":"

Ras El Hekma once again received the most coverage on the airwaves last night, <\/strong>as the nation\u2019s talking heads focused on the impact of the agreement on Egypt\u2019s USD bonds, the parallel market, and commodity prices. President Abdel Fattah El Sisi\u2019s meetings with the leaders of the armed forces yesterday also received airtime.<\/p>\n

\u201cThere have been tangible improvements in the performance of Egypt\u2019s USD bonds<\/strong> following the Ras El Hekma agreement,\u201d <\/strong>Kelma Akhira\u2019s Lamees El Hadidi said on her program (watch, runtime: 7:02<\/a>). These improvements show confidence from the market and foreign investors, but the market is still waiting for the agreement to be finalized and for the CBE to devalue the EGP, El Hadidi added.<\/p>\n

Car prices see noticeable drop following news of the agreement: <\/strong>Prices of cars have gone down by between EGP 50-60k, with some going down by EGP 100k, Egyptian Automotive Dealers Association head Osama Abo El Magd told Ala Mas\u2019ouleety\u2019s Ahmed Moussa (watch, runtime: 36:<\/a>20<\/a>). A member of the Electrical Appliances Division also told Moussa that there will be a gradual decline in the prices of electrical appliances during the next three months. <\/p>\n

House Budget Committee head Fakhry El Feky expects the exchange rate to continue<\/strong> fluctuating<\/strong> in the short- to medium-term before reaching somewhere between EGP 40-45 by the end of the year, and then dropping to EGP 35-40 next year, he told Yahduth Fi Misr\u2019s Sherif Amer (watch, runtime: 20:52<\/a>). El Feky also pointed out that converting UAE deposits at the CBE into EGP would reduce a third of the budget deficit for the current year \u2014 which amounts to EGP 848 bn \u2014 bringing down \u201cthe interest on loans that the government would have borrowed to cover the gap in the budget\u201d .<\/p>\n

President Abdel Fattah El Sisi\u2019s meeting with senior military officials got extensive<\/strong> coverage: <\/strong>The meeting focused on multiple topics related to the activity carried out by the Egyptian military to protect the state and its strategic interests, as well as the current regional and international developments and their repercussions on Egypt\u2019s national security. The meeting also delved into Egypt\u2019s efforts in supporting the Palestinian people and alleviating the deteriorating humanitarian conditions in the Gaza Strip. The meeting received coverage from Kelma Akhira (watch, runtime 1:05<\/a>), Ala Mas\u2019ouleety (watch, runtime: 2:28<\/a>), Al Hayah Al Youm (watch, runtime: 2:03<\/a>), and Masaa DMC (watch, runtime: 2:<\/a>25<\/a>). <\/p>\n","protected":false},"excerpt":{"rendered":"

The talking heads focused on the impact of the agreement on our USD bonds, the parallel market, and commodity prices<\/p>\n","protected":false},"author":1,"featured_media":616066,"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":[72,1666,106,7388,8417],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-616065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-enterpriseam","tag-exchange-rate","tag-last-nights-talk-shows","tag-ras-el-hekma","tag-usd-bonds","wpautop","entry"],"acf":{"mongo_id":"0bb57d5c-c5ba-4627-826a-84aa031833cc","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2740.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ras 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other,\u201d Naguib Sawiris said during a phone call with Hadrat el Mowaten\u2019s Sayed Ali","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\/2310.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616145,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/29\/el-sisis-address-announcing-the-arrival-of-the-first-tranche-of-ras-el-hekma-funds-dominated-the-airwaves-last-night\/","url_meta":{"origin":616065,"position":1},"title":"El Sisi\u2019s address announcing the arrival of the first tranche of Ras El Hekma funds dominated the airwaves last night","author":"enterpriseam admin","date":"29 February 2024","format":false,"excerpt":"ADQ deposited the first tranche of its USD 35 bn Ras El Hekma investment at the central bank on Tuesday","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\/2880.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":614527,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/talking-heads-weigh-in-on-whether-the-government-is-planning-the-usd-22-bn-sale-of-egyptian-land-to-gulf-investors\/","url_meta":{"origin":616065,"position":2},"title":"Talking heads weigh in on whether the government is planning the USD 22 bn sale of Egyptian land to Gulf investors?","author":"enterpriseam admin","date":"4 February 2024","format":false,"excerpt":"Uncertainty was the overarching theme on the airwaves last night. If a devaluation is happening, when and by how much? Is the government selling off a huge plot of land to Gulf investors? The talking heads took their time speculating yesterday evening. Coming to you straight from the rumor mill:\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\/139.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615908,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/26\/food-prices-in-the-run-up-to-ramadam-dominated-the-airwaves\/","url_meta":{"origin":616065,"position":3},"title":"Food prices in the run-up to Ramadam dominated the airwaves","author":"enterpriseam admin","date":"26 February 2024","format":false,"excerpt":"The nation\u2019s talking heads focused on the impact of the Ras El Hekma agreement on the prices of strategic commodities","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\/2462.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":616065,"position":4},"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 the\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\/5\/1417.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615988,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/27\/palestine-gaza-and-a-ras-ghamila-rumors-were-top-of-the-agenda-on-last-nights-talk-shows\/","url_meta":{"origin":616065,"position":5},"title":"Palestine, Gaza, and a Ras Ghamila rumors were top of the agenda on last night\u2019s talk shows","author":"enterpriseam admin","date":"27 February 2024","format":false,"excerpt":"The nation\u2019s talking heads had their attention split between the Palestinian government\u2019s resignation, Ras Ghamila, and the prices of essential commodities","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\/2623.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\/616065","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=616065"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/616065\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/616052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/616066"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=616065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=616065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=616065"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=616065"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=616065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}