{"id":632048,"date":"2018-02-01T04:23:50","date_gmt":"2018-02-01T04:23:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/economy-back-on-top-on-the-airwaves\/"},"modified":"2018-02-01T04:23:50","modified_gmt":"2018-02-01T04:23:50","slug":"economy-back-on-top-on-the-airwaves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/economy-back-on-top-on-the-airwaves\/","title":{"rendered":"Economy back on top on the airwaves"},"content":{"rendered":"

Finally, we are back on economic coverage on the airwaves<\/strong> courtesy of President Abdel Fattah El Sisi\u2019s visit to the Zohr gas field<\/strong>. The notable exception was, of course, Amr Adib, and we\u2019re totally fine with that. As a matter of fact, we actively encourage it.<\/p>\n

Eni looking at more offshore exploration opportunities? <\/strong>Oil Minister Tarek El Molla went on Masaa DMC to remind Osama Kamal of benefits of Zohr (we have more in the Speed Round below). He also said Eni has been encouraged launch new exploration campaigns in Egypt in areas adjacent to the Zohr field. Eni and others are interesting in doing business here because of policies that have spurred investment in the sector, the minister said (watch, runtime 17:37<\/a>).<\/p>\n

Wait, did the EGX just endorses Bitcoin as a means of e-payment?<\/strong> EGX deputy head Mohsen Adel phoned in to Masaa to say that it is acceptable to use it as a means of electronic payment, but strongly urged against using it as means of \u201cspeculative investment\u201d and warned of its risk. He also warned of the cryptocurrency\u2019s use in terrorism financing. Adel also pointed out that no central bank has yet banned the use of cryptocurrency. That won\u2019t stop members of the House (paragons of economic thinking that they are) from falling back on simple stereotypes regarding cryptocurrencies. House Economics Committee-member Mohamed Al Badrawy echoed the central bank\u2019s warning, saying the use of cryptocurrency is a new type of \u201cfraud\u201d. He also urged the CBE to take measures to protect people from getting to deep into crypto (watch, runtime 9:07<\/a>).<\/p>\n

Lamees Al Hadidi\u2019 absence from Hona Al Asema did not temper the econ discussions<\/strong>, which focused on Zohr. Lama Gebril, who filled in, spoke with former Oil Minister Osama Kamal, who said that when production of Zohr reaches 1 bcf\/d by June 2018, Egypt would be saving USD 200 mn per month and around USD 2.5 bn annually (watch, runtime 7:14<\/a>).<\/p>\n

Al Hayah Al Youm hosted former EGPC deputy chief Medhat Youssef<\/strong>, who stressed the importance of the maritime border demarcation agreement with Cyprus in bringing Zohr to life. He noted that Egypt has signed 83 oil agreements since the last quarter of 2013, luring investment of some USD 18 bn. He reminded viewers that Egypt\u2019s oil sector made up 43% of foreign direct investments in 2017, adding that Egypt will be producing a total of 6.4 bcf by June 2018 (watch: runtime 26:27<\/a>).<\/p>\n

The show also brought on Deputy Social Solidarity Minister Nevine El Kabbaj to discuss the Takaful and Karama program.<\/strong> El Kabbaj said the program now covered 5,630 villages spanning all governorates since its launch two and a half years ago. Al-Kabbag said around 5.1 mn Egyptian families signed up for the program but only 2.25 mn families were eligible for the funding (watch, runtime 32:20<\/a>).<\/p>\n

Over on Kol Youm, Amr Adib defended El Sisi\u2019s response to opposition calls for boycott the presidential elections<\/strong> (more in the Speed Round). Adib supported El Sisi\u2019s reasoning and said the country shouldn\u2019t be allowed to replicate what happened seven years ago. Adib warned that if similar protests took place, even the local investors would begin moving their wealth abroad, which would slam prospects of economic development (watch, runtime 5:41<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

Finally, we are back on economic coverage on the airwaves courtesy of President Abdel Fattah El Sisi\u2019s visit to the Zohr gas field. The notable exception was, of course, Amr Adib, and we\u2019re totally fine with that. As a matter of fact, we actively encourage it. Eni looking at more offshore exploration opportunities? Oil Minister […]<\/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-632048","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":"be04359f-377a-4d4f-a3d8-f343667be797","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[632043],"teaser":"","voice_url":""},"yoast_head":"\nEconomy back on top on the airwaves - 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\/02\/01\/economy-back-on-top-on-the-airwaves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy back on top on the airwaves\" \/>\n<meta property=\"og:description\" content=\"Finally, we are back on economic coverage on the airwaves courtesy of President Abdel Fattah El Sisi\u2019s visit to the Zohr gas field. The notable exception was, of course, Amr Adib, and we\u2019re totally fine with that. As a matter of fact, we actively encourage it. Eni looking at more offshore exploration opportunities? 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Blackouts over by year end?\u00a0\u201cWe hope that the power outages will end by the end of this year at\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\/2116.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594002,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/zohr-natgas-output-to-surpass-3-bcf-d-this-month\/","url_meta":{"origin":632048,"position":1},"title":"Zohr natgas output to surpass 3 bcf\/d this month","author":"enterpriseam admin","date":"16 October 2019","format":false,"excerpt":"Zohr natgas production to exceed 3 bcf\/d this month: Production from the 13 wells at the giant Zohr natural gas field is expected to surpass 3 bcf\/d by the end of October, up from 2.7 bcf\/d in August, Eni IEOC JV boss Luca De Caro said on the sidelines of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599517,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/egypts-energy-sector-in-the-limelight-on-the-airwaves\/","url_meta":{"origin":632048,"position":2},"title":"Egypt\u2019s energy sector in the limelight on the airwaves","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"The performance of Egypt\u2019s energy sector last year and its expected growth this year was the most popular topic on the airwaves last night. Output from the Zohr natural gas field is expected to reach 3 bcf\/d this year, Oil Ministry spokesman Hamdy Abdel Aziz told Al Hayah Al Youm\u2019s\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":593073,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/eni-begins-test-operations-on-14th-well-at-egypts-zohr-field\/","url_meta":{"origin":632048,"position":3},"title":"Eni begins test operations on 14th well at Egypt\u2019s Zohr field","author":"enterpriseam admin","date":"17 November 2019","format":false,"excerpt":"Italy\u2019s Eni has begun test operations on the Zohr natural gas field\u2019s 14th well, an unnamed industry source tells the local press. The well will bring the field\u2019s overall output to 3.2 bcf\/d, the source says. Eni has reduced output from other wells in the field to avoid a supply\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593535,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/eni-to-begin-trial-operations-on-13th-well-at-egypts-zohr\/","url_meta":{"origin":632048,"position":4},"title":"Eni to begin trial operations on 13th well at Egypt\u2019s Zohr","author":"enterpriseam admin","date":"1 October 2019","format":false,"excerpt":"Italy\u2019s Eni will begin test operations on the Zohr natural gas field\u2019s 13th well next week, industry sources tell the local press. The well is expected to produce an average of 150-250 mcf\/d, and Eni will reduce output from other wells in the field to avoid a supply glut.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596257,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/another-quiet-night-on-the-airwaves-2\/","url_meta":{"origin":632048,"position":5},"title":"Another quiet night on the airwaves","author":"enterpriseam admin","date":"22 August 2019","format":false,"excerpt":"It was another quiet night on the airwaves yesterday, with no single story capturing the attention of the talking heads. Gov\u2019t prepares for move to NAC: President Abdel Fattah El Sisi met with officials yesterday to discuss plans to move government offices to the new administrative capital (NAC), Al Hayah\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\/632048","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=632048"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632048\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/632043"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=632048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=632048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=632048"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=632048"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=632048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}