{"id":637043,"date":"2017-11-07T04:09:36","date_gmt":"2017-11-07T04:09:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/wyf-saudis-corruption-clampdown-dominate-the-airwaves\/"},"modified":"2017-11-07T04:09:36","modified_gmt":"2017-11-07T04:09:36","slug":"wyf-saudis-corruption-clampdown-dominate-the-airwaves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/wyf-saudis-corruption-clampdown-dominate-the-airwaves\/","title":{"rendered":"WYF, Saudi\u2019s corruption clampdown dominate the airwaves"},"content":{"rendered":"<p>In a mixed night for business, the World Youth Forum and Saudi Arabia\u2019s clampdown on corruption were the topics of the evening.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Amr El Garhy interview:<\/strong> The finance minister had chat with Al Hayah Al Youm\u2019s Tamer Amin about the VAT (<a href=\"https:\/\/www.youtube.com\/watch?v=mNDk5BXH6_E\">watch, runtime: 3:49<\/a>). El Garhy quite rightly dismissed the belief of previous governments that stability in FX rates reflected a stable economy. The result, he said, was hobble exports, poor economic competitiveness and drain on foreign reserves (<a href=\"https:\/\/www.youtube.com\/watch?v=5XN6RIwAr6A\">watch, runtime 1:39<\/a>). The minister also signalled that productivity has to be a key factor in weighing decisions on privatization, unlike in past rounds (<a href=\"https:\/\/www.youtube.com\/watch?v=VnyQhZbR7SU\">watch, runtime: 2:01<\/a>).<\/p>\n<p><strong>Smiley Face in prime time: <\/strong>Over on Kol Youm, host Amr Adib welcomed Consumer Protection Agency head Atef <a href=\"https:\/\/enterprise.press\/stories\/2016\/11\/24\/traders-rewarded-with-smiley-faces\/\">\u201cSmiley Face\u201d<\/a> Yacoub to talk about amendments to the Consumer Protection Act. Yacoub defended the controversial provision that would require that prices (including VAT) be printed on products as well as measures that would regulate the time frame for returning and exchanging products and requiring that all retailers provide customers with a printed receipt (<a href=\"https:\/\/www.youtube.com\/watch?v=tYEESYLI1no\">watch, runtime 4:39<\/a>). Smiley Face noted that the agency studied similar legislation in Europe and accounted for input in \u201ccommunity dialogue\u201d sessions with business, residents of Upper Egypt and government (<a href=\"https:\/\/www.youtube.com\/watch?v=UD5J9L19y1Q\">watch, runtime 2:05<\/a>).<\/p>\n<p><strong>Hona Al Asema\u2019s Lamees Al Hadidi followed up on Saudi Arabia\u2019s corruption <\/strong><strong>crackdown<\/strong>, which government sources assured her would not affect Saudi investments in Egypt. According to the host\u2019s sources, the government will be looking to expand Saudi investments in Egypt come December. <strong>Al Tayyar Group Egypt Chairman Ashraf Shiha phoned in to say that the company was unaffected<\/strong> by the developments in KSA, despite reports that the company\u2019s owner Nasser Al Tayyar is among the Saudi businessmen currently under investigation (<a href=\"https:\/\/www.youtube.com\/watch?v=C-W13yHjxqo\">watch, runtime 2:40<\/a>).<\/p>\n<p><strong>It\u2019s business as usual for four Egypt-based firms affiliated with Sheikh Saleh Kamel<\/strong>, banking sector sources told Lamees. These include Al Baraka Bank, Ismailia Misr Poultry, Arab Moltaka Investment and Arab Engineering; shares of the first three were down in trading again yesterday. <strong>Egyptian banks have yet to freeze the domestic assets of Saudi investors arrested <\/strong>in Mohamed bin Salman\u2019s ostensible crackdown on corruption (<a href=\"https:\/\/www.youtube.com\/watch?v=PgAKWwhD_pk\">watch, runtime 13:40<\/a>).<\/p>\n<p><strong>World Youth Forum coverage: <\/strong><a href=\"https:\/\/www.youtube.com\/watch?v=zw46nBrFToM\">Adib<\/a>, Yahduth fi Masr\u2019s Sherif Amer and Masaa DMC\u2019s <a href=\"https:\/\/www.youtube.com\/watch?v=QizHqWvr-uY\">Eman El Hosary<\/a> also had coverage of the World Youth Forum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a mixed night for business, the World Youth Forum and Saudi Arabia\u2019s clampdown on corruption were the topics of the evening. Amr El Garhy interview: The finance minister had chat with Al Hayah Al Youm\u2019s Tamer Amin about the VAT (watch, runtime: 3:49). El Garhy quite rightly dismissed the belief of previous governments that [&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-637043","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":"0943dcfe-3db5-4353-b8bf-3afd91240ea1","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637037],"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>WYF, Saudi\u2019s corruption clampdown dominate 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\/2017\/11\/07\/wyf-saudis-corruption-clampdown-dominate-the-airwaves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WYF, Saudi\u2019s corruption clampdown dominate the airwaves\" \/>\n<meta property=\"og:description\" content=\"In a mixed night for business, the World Youth Forum and Saudi Arabia\u2019s clampdown on corruption were the topics of the evening. Amr El Garhy interview: The finance minister had chat with Al Hayah Al Youm\u2019s Tamer Amin about the VAT (watch, runtime: 3:49). El Garhy quite rightly dismissed the belief of previous governments that [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/wyf-saudis-corruption-clampdown-dominate-the-airwaves\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-07T04:09:36+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\/2017\/11\/07\/wyf-saudis-corruption-clampdown-dominate-the-airwaves\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/wyf-saudis-corruption-clampdown-dominate-the-airwaves\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"WYF, Saudi\u2019s corruption clampdown dominate the airwaves\",\"datePublished\":\"2017-11-07T04:09:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/wyf-saudis-corruption-clampdown-dominate-the-airwaves\/\"},\"wordCount\":396,\"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\/2017\/11\/07\/wyf-saudis-corruption-clampdown-dominate-the-airwaves\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/wyf-saudis-corruption-clampdown-dominate-the-airwaves\/\",\"name\":\"WYF, Saudi\u2019s corruption clampdown dominate the airwaves - 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El Garhy also vehemently denied rumors suggesting that the government has plans to hike energy prices,\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":637218,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/between-the-imf-delegations-report-and-sps-outlook-upgrade-amr-el-garhy-had-plenty-to-talk-about\/","url_meta":{"origin":637043,"position":1},"title":"Between the IMF delegation\u2019s report and S&#038;P\u2019s outlook upgrade, Amr El Garhy had plenty to talk about","author":"enterpriseam admin","date":"12 November 2017","format":false,"excerpt":"With plenty of developments on the economic front, Finance Minister Amr El Garhy blanketed the airwaves last night to discuss the IMF delegation\u2019s visit and report on Egypt\u2019s progress and reforms, as well as S&P\u2019s long-awaited move to raise the country\u2019s outlook to \u2018positive.\u2019The IMF delegation agreed to make some\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":638964,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/el-garhy-on-eurobond-program-praise-for-egypt-in-the-us\/","url_meta":{"origin":637043,"position":2},"title":"El Garhy on eurobond program, praise for Egypt in the US","author":"enterpriseam admin","date":"18 October 2017","format":false,"excerpt":"El Garhy on eurobond program, praise for Egypt in the US: The planned eurobond issuance will not add to the pressure of external debt, as interest rates have dropped to 6% on 10-year bonds, down from 7.5%, while six-year bonds now carry a rate of 5%, down from 6.5%, Finance\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":652743,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/amer-interviews-amr-el-garhy-cabinet-fending-off-reports-on-cabinet-shuffle-aboutrika-safwan-thabet-labelled-terrorists-by-association\/","url_meta":{"origin":637043,"position":3},"title":"Amer interviews Amr El Garhy; Cabinet fending off reports on cabinet shuffle; Aboutrika, Safwan Thabet labelled terrorists by association","author":"enterpriseam admin","date":"18 January 2017","format":false,"excerpt":"Lamees El Hadidy was shocked that Juhayna chairman Safwan Thabet, football great Mohamed Aboutrika and Business News publisher Mostafa Sakr have been placed on a terror list as allegedly known associates of the Ikhwan, suggesting the move was extreme (watch; runtime: 3:34). Aly El Dash, a lawyer for Thabet, said\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":647411,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/talk-of-the-investment-act-dominates-the-airwaves-on-last-nights-talk-shows\/","url_meta":{"origin":637043,"position":4},"title":"Talk of the investment act dominates the airwaves on Last Night\u2019s Talk Shows.","author":"enterpriseam admin","date":"10 May 2017","format":false,"excerpt":"The Investment Act was once again the topic of choice on the airwaves last night. On Hona Al Asema, Lamees El Hadidi had a chat with Finance Minister Amr El Garhy about issues ranging from the Investment Act and the IMF delegation visiting Cairo. El Garhy also told Lamees that\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":634291,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/railway-metro-ticket-price-increases\/","url_meta":{"origin":637043,"position":5},"title":"Railway, metro ticket price increases","author":"enterpriseam admin","date":"11 January 2018","format":false,"excerpt":"Despite Hona Al Assema\u2019s Lamees Al Hadidi being off last night, the airwaves had plenty on offer to keep us busy, including some new economic metrics and more on subsidy reform from Finance Minister Amr El Garhy.The government is committed to pursuing further economic reforms, but has no immediate plans\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\/637043","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=637043"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637043\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637037"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637043"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637043"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}