{"id":644802,"date":"2017-07-04T04:03:13","date_gmt":"2017-07-04T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/economic-issues-including-exchange-rate-and-price-hikes-dominate-the-debate\/"},"modified":"2017-07-04T04:03:13","modified_gmt":"2017-07-04T04:03:13","slug":"economic-issues-including-exchange-rate-and-price-hikes-dominate-the-debate","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/economic-issues-including-exchange-rate-and-price-hikes-dominate-the-debate\/","title":{"rendered":"Economic issues, including exchange rate and price hikes, dominate the debate"},"content":{"rendered":"

Inflation and a resurgent EGP <\/strong>were in the limelight on the airwaves last night.<\/p>\n

The strengthening of the EGP can be attributed to an influx of foreign currency at the banks<\/strong>, thanks to increased remittances, revenues from international bond sales, as well as a rise in exports and foreign direct investments, National Bank of Egypt Deputy Chairman Yehia Aboul Fotouh told Amr Adib on last night\u2019s Kol Youm. <\/strong>Aboul Fotouh said he expects the EGP to continue strengthen as long as foreign currency reserves are on the rise (watch<\/a>, runtime 3:05)<\/p>\n

Over on Hona Al Asema, Lamees Al Hadidi spoke to MP Mohamed Elsewedy<\/strong> about a proposal he submitted to increase the price of crops the government purchases from farmers in response to the recent fuel price hike (we have more in the Speed Round, but you can catch thee talk here<\/a>, runtime 5:33).<\/p>\n

Lamees then moved on to talk about the Electricity Ministry, <\/strong>which is apparently looking to add about 10k new bill collectors to its rosters due to a staff shortage, according to what Minister Mohamed Shaker told House representatives yesterday. Unfathomable to Lamees was the fact that the ministry is not looking for new hires, but will resort instead to the police or military to provide it with the muscle needed for the job. \u201cThese are valuable job opportunities,\u201d the host said. Ministry Spokesperson Ayman Hamza told Lamees though that those would be temporary jobs since the government is moving to replace most meters with prepaid ones that would not require collectors (watch,<\/a> runtime 11:12).<\/p>\n

On Yahduth fi Misr, Sherif Amer, was on the listing of state-owned enterprises and unemployment benefits. <\/strong>Cabinet spokesperson Ashraf Sultantold the host that the main drive behind the IPOs of publicly-owned companies is not to privatize but to grow capital and expand activities. He also confirmed to Amer that the government is looking into the possibility of unemployment benefits in light of the the Administrative Court\u2019s verdict on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"

Inflation and a resurgent EGP were in the limelight on the airwaves last night. The strengthening of the EGP can be attributed to an influx of foreign currency at the banks, thanks to increased remittances, revenues from international bond sales, as well as a rise in exports and foreign direct investments, National Bank of Egypt […]<\/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-644802","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":"9072a4a7-bc46-4865-88eb-668f72a2e52a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[644796],"teaser":"","voice_url":""},"yoast_head":"\nEconomic issues, including exchange rate and price hikes, dominate the debate - 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\/07\/04\/economic-issues-including-exchange-rate-and-price-hikes-dominate-the-debate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic issues, including exchange rate and price hikes, dominate the debate\" \/>\n<meta property=\"og:description\" content=\"Inflation and a resurgent EGP were in the limelight on the airwaves last night. 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Investors have so far poured some EGP 155 bn\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\/1\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632622,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/aboul-fotouh-arrest-receives-little-attention-with-amr-and-lamees-both-off-the-air-on-valentines-day\/","url_meta":{"origin":644802,"position":1},"title":"Aboul Fotouh arrest receives little attention with Amr and Lamees both off the air on Valentine\u2019s Day","author":"enterpriseam admin","date":"15 February 2018","format":false,"excerpt":"The arrest last night of 2012 presidential candidate and ex-Ikhwan member Abdel Moneim Aboul Fotouh was a quiet affair on the air waves compared to the stir caused by the arrest of former top auditor Hesham Genena. Aboul Fotouh\u2019s predicament received little attention from the nation\u2019s talking heads, especially with\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":632681,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/last-nights-talk-shows-on-18-february-2018\/","url_meta":{"origin":644802,"position":2},"title":"Last Night\u2019s Talk Shows on 18 February 2018","author":"enterpriseam admin","date":"18 February 2018","format":false,"excerpt":"An interest rate cut and the resignation of Ethiopia\u2019s prime minister kept the talking heads busy last night.Hona Al Asema\u2019s Lamees Al Hadidi spoke to National Bank of Egypt (NBE) Deputy Head Yehia Aboul Fotouh about the interest rate cuts, which he said would help banks lower the cost of\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":579004,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/tub-tubs-for-moscows-trade-move\/","url_meta":{"origin":644802,"position":3},"title":"Tub-tubs for Moscow\u2019s trade move","author":"enterpriseam admin","date":"22 January 2023","format":false,"excerpt":"It was a quiet night on the airwaves last night, with the pundits praising the Bank of Russia\u2019smove last week to approve the EGP as a trade currency, as well as the arrival of the first flight to Egypt from China in years.Moscow\u2019s inclusion of the EGP as a currency\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\/1\/364.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578632,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/newly-introduced-25-cds-see-massive-demand-in-first-two-days-big-two-bag-usd-700-mn-facility\/","url_meta":{"origin":644802,"position":4},"title":"Newly introduced 25% CDs see massive demand in first two days + Big Two bag USD 700 mn facility","author":"enterpriseam admin","date":"9 January 2023","format":false,"excerpt":"The newly released 25% certificates of deposit have raked in almost EGP 100 bn in a matter of days \u2014 and the two state banks offering them have reportedly secured a major loan to meet local demand for hard currency.Savers poured nearly EGP 100 bn into newly introduced record-high yield\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602106,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/egp-continues-strengthening-against-usd-govt-launches-investment-focused-initiative\/","url_meta":{"origin":644802,"position":5},"title":"EGP continues strengthening against USD, gov\u2019t launches investment-focused initiative","author":"enterpriseam admin","date":"19 March 2019","format":false,"excerpt":"Econ and business news kept the talking heads busy last night for a change as the Arab African Youth Platform in Upper Egypt came to an end. The EGP continued strengthening on Monday, hitting 17.32 against the USD, a fresh two-year high.GAFI boss Mohsen Adel told Al Hayah Al Youm\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\/644802","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=644802"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644802\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/644796"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=644802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=644802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=644802"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=644802"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=644802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}