{"id":629754,"date":"2018-04-01T03:45:36","date_gmt":"2018-04-01T03:45:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/interest-rate-cuts-ride-hailing-apps-act-break-the-stream-of-elections-coverage\/"},"modified":"2018-04-01T03:45:36","modified_gmt":"2018-04-01T03:45:36","slug":"interest-rate-cuts-ride-hailing-apps-act-break-the-stream-of-elections-coverage","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/interest-rate-cuts-ride-hailing-apps-act-break-the-stream-of-elections-coverage\/","title":{"rendered":"Interest rate cuts, Ride-Hailing Apps Act break the stream of elections coverage"},"content":{"rendered":"

Between the Ride-Hailing Apps Act and the CBE cutting interest rates, the talking heads had a lot to talk about<\/strong> last night as they looked to wean themselves off last week\u2019s OD on election news.<\/p>\n

The CBE\u2019s move to cut interest rates on Thursday<\/strong> was necessary and is a clear sign the bank is moving past tight monetary policies<\/strong> it implemented over the past two years, CI Capital Holding economist Noaman Khalid said. The CBE will likely hold back on further rate cuts when the government moves to raise fuel prices 40-50% in July, which is expected to push inflation up to 15.5-16%, he told Hona Al Asema\u2019s stand-in host Nancy Nour. Khalid quashed the idea that prices might ever decline and instead stressed that the antidote to rising prices are higher salaries (watch, runtime: 16:57<\/a>).<\/p>\n

MPs blanket the airwaves to defend Ride-Hailing Apps Act:<\/strong> The current draft of the bill that would regulate the operations of ride-hailing apps, such as Uber and Careem, is the product of several meetings with the companies to incorporate their perspective, House Transport Committee head Hisham Abdel Wahed said. He also stressed that the law would only require companies to provide customer data to the authorities following an official request<\/strong> (watch, runtime: 33: 09<\/a>). MP Mohamed Badrawy also made the same point on the confidentiality of customer data and noted that Parliament is trying to power through the legislation as quickly as possible (watch, runtime: 5:08<\/a>).<\/p>\n

The electoral process received praise from many<\/strong>, including human rights lawyer Saeed Abdel Hafez, who said observers did not record any instances of corruption (watch, runtime: 15:53<\/a>). Al Hayah Al Youm\u2019s Khaled Abu Bakr (watch, runtime: 13:51<\/a>) and Kol Youm\u2019s Amr Adib (watch, runtime: 3:37<\/a>) were also pleased with the process. Adib still took the time to remind viewers that potential presidential candidates should begin preparing now for the 2022 elections, when President Abdel Fattah El Sisi will no longer be able to run (watch, runtime: 3:43<\/a>).<\/p>\n

The National Elections Authority (NEA) filed a complaint with the Supreme Media Council against Al Masry Al Youm<\/strong> for running a headline that suggested the state was urging citizens to vote, which Masaa DMC\u2019s Eman El Hosary noted could be the first such complaint from the NEA since its establishment. Press Syndicate head Abdel Mohsen Salama downplayed the severity of the issue, telling El Hosary that the headline was likely misinterpreted (watch, runtime: 9:32<\/a>). The newspaper\u2019s editor-in-chief defended the headline and the newspaper\u2019s overall coverage of the elections (watch, runtime: 6:37<\/a>).<\/p>\n

A Cabinet shuffle could happen after the results of the presidential elections are announced<\/strong>, just as it could happen at any other moment in time, Cabinet spokesperson Ashraf Sultan said in a phone-in to Al Hayah Al Youm (watch, runtime: 8:25<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

Between the Ride-Hailing Apps Act and the CBE cutting interest rates, the talking heads had a lot to talk about last night as they looked to wean themselves off last week\u2019s OD on election news. The CBE\u2019s move to cut interest rates on Thursday was necessary and is a clear sign the bank is moving […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629754","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"f1af7397-a1d1-4dbc-957a-d939ebc96654","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[629747],"teaser":"","voice_url":""},"yoast_head":"\nInterest rate cuts, Ride-Hailing Apps Act break the stream of elections coverage - 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\/2018\/04\/01\/interest-rate-cuts-ride-hailing-apps-act-break-the-stream-of-elections-coverage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest rate cuts, Ride-Hailing Apps Act break the stream of elections coverage\" \/>\n<meta property=\"og:description\" content=\"Between the Ride-Hailing Apps Act and the CBE cutting interest rates, the talking heads had a lot to talk about last night as they looked to wean themselves off last week\u2019s OD on election news. 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Noaman Khalid, associate director at Arqaam Capital, thinks so. A rise in interest rates in the CBE\u2019s upcoming monetary policy committee meeting later this month is \u201ca very big possibility,\u201d he said\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628567,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/ride-hailing-apps-act-passes-the-house-lipton-el-garhy-amer-show-off-egypts-reforms\/","url_meta":{"origin":629754,"position":1},"title":"Ride-Hailing Apps Act passes the House; Lipton, El Garhy, Amer show off Egypt\u2019s reforms","author":"enterpriseam admin","date":"8 May 2018","format":false,"excerpt":"The talking heads had plenty to keep them busy last night with parliament signing off on the Ride-Hailing Apps Act, the details of which we cover extensively in the Speed Round below. But the star show of night was Amr Adib\u2019s roundtable with IMF Deputy Managing Director David Lipton, CBE\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":628457,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/ride-hailing-apps-act-to-be-voted-on-today\/","url_meta":{"origin":629754,"position":2},"title":"Ride-hailing apps act to be voted on today","author":"enterpriseam admin","date":"6 May 2018","format":false,"excerpt":"The airwaves were chock-full of economic and business topics last night, with the highlight being a debate on Kol Youm on the Ride-hailing apps act.Ride-hailing Apps Act comes up for a vote in the House of Representatives today, MP Mohamed Badawy said, explaining that the act will provide Uber and\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":594911,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/inflations-fall-to-lowest-level-since-2013-keeps-egypts-airwaves-occupied\/","url_meta":{"origin":629754,"position":3},"title":"Inflation\u2019s fall to lowest level since 2013 keeps Egypt\u2019s airwaves occupied","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"Yesterday\u2019s release of inflation figures was the talk of the town, withAl Hayah Youm\u2019s Khaled Abu Bakr (watch, runtime: 3:03) and Masaa DMC\u2019s Ramy Radwan (watch, runtime: 11:03) among those taking note. We have the details in this morning\u2019s Speed Round, below. Inflation figures give CBE impetus for a rate\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":606705,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/20\/last-nights-talk-shows-interest-rates-gold-prices-and-the-presidential-election\/","url_meta":{"origin":629754,"position":4},"title":"Last Night's Talk Shows: Interest rates, gold prices, and the presidential election","author":"enterpriseam admin","date":"20 September 2023","format":false,"excerpt":"It was another mixed bag on the airwaves last night, with the pundits covering tomorrow\u2019s policy meeting at the Central Bank of Egypt, rising gold prices, the National Dialogue on upcoming presidential elections, and an ancient Greek discovery on the Mediterranean coast. #1- Interest rates: \u201cThe CBE will likely hold\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\/2023\/9\/1282.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595537,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/30\/egp-egx-rally-after-cbe-rate-cut\/","url_meta":{"origin":629754,"position":5},"title":"EGP, EGX rally after CBE rate cut","author":"enterpriseam admin","date":"30 September 2019","format":false,"excerpt":"The EGP flexed its muscles against the USD yesterday, rallying on the first market day after the central bank cut key interest rates by another 100 bps in last week\u2019s MPC meeting (watch, runtime: 02:22). The EGP strengthened to 16.31 against the greenback on Sunday compared to 16.38 on Thursday.\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629754","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=629754"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629754\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629747"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629754"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629754"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}