{"id":630229,"date":"2018-04-16T04:20:33","date_gmt":"2018-04-16T04:20:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/budget-arab-league-and-farmers-gripes-topped-airwaves-coverage\/"},"modified":"2018-04-16T04:20:33","modified_gmt":"2018-04-16T04:20:33","slug":"budget-arab-league-and-farmers-gripes-topped-airwaves-coverage","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/budget-arab-league-and-farmers-gripes-topped-airwaves-coverage\/","title":{"rendered":"Budget, Arab League, and farmers gripes topped airwaves coverage"},"content":{"rendered":"<p>The talking heads hovered last night between heavy econ and political stories, <strong>with the top concern being the FY2018-19 budget<\/strong>, the debate on which formally opened at the House of Representatives yesterday.<\/p>\n<p>Skimming through the highlights of the budget, Hona Al Asema\u2019s <strong>Lamees Al Hadidi wondered whether Egyptian debt will be globally attractive <\/strong>with the budget expecting yields to fall to around 14.7%. She joined a number of MPs in calling for further clarification of the issue and seemed particularly keen on the 43% increase in government investment in the new budget \u2014 and asked when expected fuel subsidy cuts will come (<a href=\"https:\/\/www.youtube.com\/watch?v=EMwnH6Hh_e0\">watch, runtime: 6:11<\/a>).<\/p>\n<p><strong>She delved further into the subsidy cuts with businessman Hany Tawfik <\/strong>who found the 19% cut on fuel subsidy spending to EGP 89 bn to be reasonable. He objected, however, to nearly halving electricity subsidies to EGP 16 bn. He expects the CBE will cut interest rates 100 bps next month, but that these would either remain stable or possibly even rise again as a result of the resulting inflation. He also called for a more efficient tax system that he said would help offset the subsidy budget. Tawfik added that continued regional instability could spook the carry trade (<a href=\"https:\/\/www.youtube.com\/watch?v=zPEjKGyV56k\">watch, runtime: 8:34<\/a>).<\/p>\n<p><strong>Speaking of regional instability, the Arab League Summit got substantial coverage across the airwaves.<\/strong> The general consensus was that these were just another set of pointless meetings that achieved nothing. Both Lamees and Al Hayah Al Youm\u2019s Khaled Abu Bakr extolled President Abdel Fattah El Sisi\u2019s speech saying it was the \u201cboldest\u201d of all (<a href=\"https:\/\/www.youtube.com\/watch?v=DtNTfSxkB_w\">watch, runtime: 56:57<\/a>). Kol Youm\u2019s Amr Adib rambled on about an \u201cArab Eurozone.\u201d<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Adib also zeroed in on the presence of Housing Minister Mostafa Madbouly at the summit<\/strong>, which he suggested either means that Madbouly was there to discuss potential development projects or that he in the running for a big political promotion (<a href=\"https:\/\/www.youtube.com\/watch?v=TJHlbKyDzHU&t=183s\">watch, runtime: 39:52<\/a>). <strong>Madbouly has been touted as a potential prime minister amid expectations President Abdel Fattah El Sisi will soon announce a cabinet shuffle. <\/strong>On Masaa DMC, Eman Al Hossary spoke to Arab League Assistant Secretary General Hossam Zaki on how the summit addressed the developments in Syria (through the usual condemnations) (<a href=\"https:\/\/www.youtube.com\/watch?v=x71YXyxPdp4\">watch, runtime: 5:47<\/a>).<\/p>\n<p><strong>For some reason, the issue of merging political parties is still being discussed<\/strong>, and of all people by Lamees (we expected this from Amr, frankly). House spokesman Salah Hassaballah through cold water on the talks, saying that there were no draft laws on this and that these are just ideas under discussion (<a href=\"https:\/\/www.youtube.com\/watch?v=2G_LNaWD3S4\">watch, runtime: 3:46<\/a>).<\/p>\n<p><strong>Local farmers are griping with the EGP 600 per ardib price for wheat set out this harvest season and have taken to the airwaves to voice their complaints.<\/strong> Farmer\u2019s Syndicate head Hussein Abu Saddam called in to say the Supply Ministry\u2019s price is \u201cacceptable.\u201d Supply Ministry spokesman Mamdouh Ramadan defended the decision, saying that the farmers bottom line under this price is fair and in line with the current economic and global market conditions (<a href=\"https:\/\/www.youtube.com\/watch?v=ZOBU7Ao04Lc\">watch, runtime: 8:10<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The talking heads hovered last night between heavy econ and political stories, with the top concern being the FY2018-19 budget, the debate on which formally opened at the House of Representatives yesterday. Skimming through the highlights of the budget, Hona Al Asema\u2019s Lamees Al Hadidi wondered whether Egyptian debt will be globally attractive with the [&hellip;]<\/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-630229","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":"cbcaaf7e-1a68-47f0-928b-7c7a50454d28","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[630223],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Budget, Arab League, and farmers gripes topped airwaves 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\/16\/budget-arab-league-and-farmers-gripes-topped-airwaves-coverage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget, Arab League, and farmers gripes topped airwaves coverage\" \/>\n<meta property=\"og:description\" content=\"The talking heads hovered last night between heavy econ and political stories, with the top concern being the FY2018-19 budget, the debate on which formally opened at the House of Representatives yesterday. Skimming through the highlights of the budget, Hona Al Asema\u2019s Lamees Al Hadidi wondered whether Egyptian debt will be globally attractive with the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/budget-arab-league-and-farmers-gripes-topped-airwaves-coverage\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-16T04:20:33+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/budget-arab-league-and-farmers-gripes-topped-airwaves-coverage\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/budget-arab-league-and-farmers-gripes-topped-airwaves-coverage\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Budget, Arab League, and farmers gripes topped airwaves coverage\",\"datePublished\":\"2018-04-16T04:20:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/budget-arab-league-and-farmers-gripes-topped-airwaves-coverage\/\"},\"wordCount\":503,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Enterprise+: Last Night\u2019s Talk Shows\",\"EnterpriseAM\"],\"articleSection\":[\"Enterprise+: Last Night\u2019s Talk Shows\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/budget-arab-league-and-farmers-gripes-topped-airwaves-coverage\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/budget-arab-league-and-farmers-gripes-topped-airwaves-coverage\/\",\"name\":\"Budget, Arab League, and farmers gripes topped airwaves coverage - 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The budget deficit narrowed to 10.9% in FY2016-17 from 12.5% a year before \u201cwithout any help from Arab neighbors,\u201d Finance Minister Amr El Garhy told Masaa DMC\u2019s Osama Kamal in\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":630282,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/17\/cabinet-salaries-bread-prices-in-the-budget-and-syria-airstrikes-on-the-airwaves-last-night\/","url_meta":{"origin":630229,"position":1},"title":"Cabinet salaries, bread prices in the budget, and Syria airstrikes on the airwaves last night","author":"enterpriseam admin","date":"17 April 2018","format":false,"excerpt":"It was a bland night of miscellany on the airwaves, with the nation\u2019s talking heads discussing cabinet salaries, the state budget, and Saturday\u2019s joint airstrikes on Syria. The House of Representatives approved yesterday a bill that sets a cap on the monthly net salaries of cabinet ministers at EGP 42,000.\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":641663,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/28\/fuel-subsidy-cuts-and-their-return-top-concerns-on-the-airwaves\/","url_meta":{"origin":630229,"position":2},"title":"Fuel subsidy cuts and their return top concerns on the airwaves","author":"enterpriseam admin","date":"28 September 2017","format":false,"excerpt":"The talking heads are worried we may soon face another round of fuel subsidy cuts. Hiking fuel prices will not be necessary this fiscal year in light of current international oil prices and the FX rate, Finance Minister Amr El Garhy told Lama Gebril, who stepped in for Lamees Al\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":600545,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/03\/proposed-constitutional-amendments-dominate-last-nights-talk-shows\/","url_meta":{"origin":630229,"position":3},"title":"Proposed constitutional amendments dominate last night\u2019s talk shows","author":"enterpriseam admin","date":"3 February 2019","format":false,"excerpt":"The potential for a new constitutional debate dominated the airwaves last night. We have the full story on the proposed amendments in Speed Round, below, including links to snippets from the talkshows.The government will until its draft FY2019-20 state budget in the House by the end of March, Finance Minister\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":627941,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/19\/talking-heads-hit-the-snooze-button-again\/","url_meta":{"origin":630229,"position":4},"title":"Talking heads hit the snooze button again","author":"enterpriseam admin","date":"19 June 2018","format":false,"excerpt":"The entire country is back in full swing, but the talking heads apparently couldn\u2019t resist hitting the snooze button one more time.Yahduth fi Masr featured a quick rundown of the most prominent economic news from the Eid break, including the latest fuel subsidy cuts (which we explain in full in\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":630337,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/oil-and-gas-imf-report-and-sophia-the-robot\/","url_meta":{"origin":630229,"position":5},"title":"Oil and gas, IMF report, and Sophia the robot","author":"enterpriseam admin","date":"18 April 2018","format":false,"excerpt":"Egypt\u2019s upcoming oil and gas agreement with the EU and the World Bank\u2019s latest Economic Outlook report dominated the conversation on the airwaves last night (we have chapter and verse on both in the Speed Round, below).Egypt is expecting the results of seismic scans of the Red Sea back by\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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\/630229","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=630229"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630229\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630223"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630229"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630229"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}