{"id":637674,"date":"2017-11-22T03:54:34","date_gmt":"2017-11-22T03:54:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/tobacco-was-the-case-in-the-airwaves\/"},"modified":"2017-11-22T03:54:34","modified_gmt":"2017-11-22T03:54:34","slug":"tobacco-was-the-case-in-the-airwaves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/tobacco-was-the-case-in-the-airwaves\/","title":{"rendered":"Tobacco was the case in the airwaves"},"content":{"rendered":"

As expected, the talking heads were almost universally preoccupied with the surprise <\/strong>increase in the value-added tax on cigarettes,<\/strong> which is by a wide margin the lead story in the domestic press this morning.<\/p>\n

Finance Minister Amr El Garhy made the rounds to calm a nation distraught over the <\/strong>prospect of downgrading to Cleopatras. <\/strong>The minister told Hona Al Asema\u2019s Lamees Al Hadidi that President Abdel Fattah El Sisi is expected to sign off on the new taxes this week, at which time they will be implemented. He warned the public that they should expect further increases in the price of cigarettes<\/strong> as he expects tobacco companies to hike prices in a bid to protect their P&Ls (watch, runtime: 8:58<\/a>).<\/p>\n

El Garhy took to Al Hayah Al Youm to talk up the health and financial benefits of the <\/strong>move<\/strong>, saying the tax would see more people quit smoking. He stressed that cigarette prices in Egypt are among the lowest in the world.<\/p>\n

Blame your lazy MPs for the shock of the news:<\/strong> The finance minister told host Tamer Amin that the increases had been factored in to the FY2017-18 budget and should have been passed by the House earlier this year. He quite perfectly dismissed concerns raised by Amin on the impact the move would have on lower-income citizens (watch, runtime: 7:15<\/a>).<\/p>\n

Eastern Company Chairman Mohamed Othman Haroun phoned to Yahduth fi Masr<\/strong> to say that they still haven\u2019t received official notification of the tax on cigarette packs. He said his company\u2019s death sticks will rise at most about EGP 3-4 per pack.<\/p>\n

Back in the real world, Lamees Al Hadidi looked at Saad Al Hariri\u2019s visit to Cairo and the <\/strong>Lebanon crisis.<\/strong> Her guest, Ahram Center for Political and Strategic Studies head Emad Gad, said that there might be an Egyptian-French initiative in play to calm the crisis (watch, runtime: 7:28<\/a>).<\/p>\n

Kol Youm\u2019s Amr Adib was rather sensibly sticking to an actual crisis: Egypt\u2019s water <\/strong>shortage.<\/strong> He spoke with the head of Potable Water & Sanitary Drainage Regulatory Authority Mohamed Hassan who implied that the government\u2019s move to increase water prices will help keep consumption down, saying that these were mainly targeting those using up to 200 liters per day (watch, runtime: 1:25<\/a>). Head of the water utilities department at the Irrigation Ministry Khaled Abdel Latif told Adib that the average daily per capita consumption in Egypt is 350 liters<\/strong>, whereas the international average is 100 liters (watch, runtime: 1:47<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

As expected, the talking heads were almost universally preoccupied with the surprise increase in the value-added tax on cigarettes, which is by a wide margin the lead story in the domestic press this morning. Finance Minister Amr El Garhy made the rounds to calm a nation distraught over the prospect of downgrading to Cleopatras. The […]<\/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-637674","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":"0dc84762-c89b-4cc6-8a38-34e54f421b47","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637666],"teaser":"","voice_url":""},"yoast_head":"\nTobacco was the case in 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\/22\/tobacco-was-the-case-in-the-airwaves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tobacco was the case in the airwaves\" \/>\n<meta property=\"og:description\" content=\"As expected, the talking heads were almost universally preoccupied with the surprise increase in the value-added tax on cigarettes, which is by a wide margin the lead story in the domestic press this morning. 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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. 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