{"id":644854,"date":"2017-07-05T03:59:34","date_gmt":"2017-07-05T03:59:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/05\/the-egps-appreciation-tops-talks-on-the-airwaves\/"},"modified":"2017-07-05T03:59:34","modified_gmt":"2017-07-05T03:59:34","slug":"the-egps-appreciation-tops-talks-on-the-airwaves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/05\/the-egps-appreciation-tops-talks-on-the-airwaves\/","title":{"rendered":"The EGP\u2019s appreciation tops talks on the airwaves"},"content":{"rendered":"

The exchange rate and the EGP\u2019s appreciation <\/strong>continued to dominate discussions on the airwaves last night.<\/p>\n

The EGP\u2019s appreciation is simply the result of the laws of supply and demand,<\/strong> Banque Misr Chairman Mohamed El Etreby told Amr Adib on last night\u2019s Kol Youm. While the Central Bank broke a record with its single-day gain of USD 618 mn on Tuesday, Banque Misr processed transactions worth c. USD 40 mn yesterday and about USD 37 mn the day before that, El Etreby continued (watch<\/a>, runtime 3:41).<\/p>\n

On Hona Al Asema, Lamees Al Hadidi was worried that the drop might not have been due to market forces,<\/strong> claiming that sources told her it was the result of \u201cadministrative intervention\u201d to ease some of the pressure caused by the recent fuel price hikes.<\/p>\n

Lamees was also concerned about the results of the Central Bank\u2019s Monetary Policy Committee meeting<\/strong> on Thursdays, saying that she hopes the committee will maintain rates, since any further increases may \u201cparalyze investments\u201d (watch<\/a>, runtime 4:05)<\/p>\n

The host also covered the latest developments in the Qatar story,<\/strong> saying that the meeting in Cairo between the foreign ministers of Egypt, Saudi, the UAE, and Qatar set to take place today may see the end of the diplomatic rift. The meeting in Cairo also proves that the crisis is not limited to the Gulf but that Egypt is a main part of the equation (watch<\/a>, runtime: 7:47).<\/p>\n

Back on Kol Youm, Adib spent the larger part of his episode talking about the need to combat the \u201cwasta\u201d <\/strong>(nepotism) in Egyptian institutions. MP Mostafa Bakry rang Adib to tell him that he filed a formal complaint against the Administrative Prosecution Authority (APA) for practicing nepotism during its last hiring spree, when only a handful (out of c. 70k applicants) of some staff members\u2019 relatives and friends were given positions (watch<\/a>, runtime 11:25).<\/p>\n

Over on Masaa DMC, Osama Kamel was back on the air and interviewing Hungarian Foreign <\/strong>Affairs and Trade Minister P\u00e9ter Szijj\u00e1rt\u00f3, who talked about Egypt\u2019s role in curbing illegal immigration to Europe. Szijj\u00e1rt\u00f3 also said that Egypt is on a \u201clong and difficult\u201d journey towards economic reform (watch<\/a>, runtime 16:54).<\/p>\n","protected":false},"excerpt":{"rendered":"

The exchange rate and the EGP\u2019s appreciation continued to dominate discussions on the airwaves last night. The EGP\u2019s appreciation is simply the result of the laws of supply and demand, Banque Misr Chairman Mohamed El Etreby told Amr Adib on last night\u2019s Kol Youm. While the Central Bank broke a record with its single-day gain […]<\/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-644854","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":"29ba390f-d65e-42e2-a3ca-5484894e515a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[644848],"teaser":"","voice_url":""},"yoast_head":"\nThe EGP\u2019s appreciation tops talks 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\/2017\/07\/05\/the-egps-appreciation-tops-talks-on-the-airwaves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The EGP\u2019s appreciation tops talks on the airwaves\" \/>\n<meta property=\"og:description\" content=\"The exchange rate and the EGP\u2019s appreciation continued to dominate discussions on the airwaves last night. The EGP\u2019s appreciation is simply the result of the laws of supply and demand, Banque Misr Chairman Mohamed El Etreby told Amr Adib on last night\u2019s Kol Youm. 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Banque Misr Chairman Mohamed El Etreby held phone calls with most of the talking heads, explaining the decision and its intended effects on the parallel market and inflation.\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\/93.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560837,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/last-nights-talk-shows-on-15-march-2021\/","url_meta":{"origin":644854,"position":2},"title":"Last Night\u2019s Talk Shows on 15 March 2021","author":"enterpriseam admin","date":"15 March 2021","format":false,"excerpt":"The Central Bank of Egypt\u2019s new mortgage lending initiative was the talk of the town on the airwaves last night. Everyone had coverage (and praise), from Al Hayah Al Youm\u2019s Mohamed Sherdy (watch, runtime: 11:41) to El Hekaya\u2019s Amr Adib (watch, runtime: 7:06). Banque Misr Chairman Mohamed El Etreby also\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":569417,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/banque-misr-looks-to-borrow-usd-250-mn-for-africa-expansion\/","url_meta":{"origin":644854,"position":3},"title":"Banque Misr looks to borrow USD 250 mn for Africa expansion","author":"enterpriseam admin","date":"24 February 2020","format":false,"excerpt":"Banque Misr eyes USD 250 mn loan for SME finance: Banque Misr is in talks with two unnamed international institutions for a USD 250 mn loan to increase its SME financing in Egypt, Chairman Mohamed El Etreby tells Bloomberg. The bank recently signed an agreement with the European Investment Bank\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\/2020\/2\/297.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584615,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/03\/last-nights-talk-shows-el-sisi-in-saudi-new-high-interest-cds\/","url_meta":{"origin":644854,"position":4},"title":"Last Night\u2019s Talk Shows: El Sisi in Saudi + new high-interest CDs","author":"enterpriseam admin","date":"3 April 2023","format":false,"excerpt":"Declining rate CDs on offer because inflation will slow, says Banque Misr\u2019s El Etreby","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\/4\/Ala-masouleety-3-4-23-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578401,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/27\/last-nights-talk-shows-banks-to-secure-fx-to-clear-import-backlog-within-4-days-says-el-sisi\/","url_meta":{"origin":644854,"position":5},"title":"Last Night\u2019s Talk Shows: Banks to secure FX to clear import backlog within 4 days, says El Sisi","author":"enterpriseam admin","date":"27 December 2022","format":false,"excerpt":"It was another econ-heavy night on the airwaves, this time centered on President Abdel Fattah El Sisi\u2019s speech during a factory inauguration ceremony in Abu Rawash and his promise to help clear our backlogged ports soon.Banks to secure FX for letters of credit to help clear import backlogs? 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