{"id":647411,"date":"2017-05-10T03:52:57","date_gmt":"2017-05-10T03:52:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/talk-of-the-investment-act-dominates-the-airwaves-on-last-nights-talk-shows\/"},"modified":"2017-05-10T03:52:57","modified_gmt":"2017-05-10T03:52:57","slug":"talk-of-the-investment-act-dominates-the-airwaves-on-last-nights-talk-shows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/talk-of-the-investment-act-dominates-the-airwaves-on-last-nights-talk-shows\/","title":{"rendered":"Talk of the investment act dominates the airwaves on Last Night\u2019s Talk Shows."},"content":{"rendered":"

<\/a> 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 <\/strong>about issues ranging from the Investment Act and the IMF delegation visiting Cairo. El Garhy also told Lamees that he is pleased with the Investment Act in its final form<\/strong>, even with regards to private free zones, which will be strictly regulated, he said. The minister also noted that the IMF delegation\u2019s visit is going well.<\/p>\n

The 10% social welfare raise the government intends to give bureaucrats not covered by<\/strong>the Civil Service Act<\/strong>, which is currently waiting to pass the House of Representatives, will be issued in May, El Garhy added. The raises are expected to cost the state around EGP 3.3 bn and will be paid retroactive basis to 1 July last year.<\/p>\n

El Garhy also confirmed to Lamees that state coffers can sustain the EGP 1 bn needed to<\/strong>raise ration card allowances<\/strong> to EGP 35 from EGP 21 during Ramadan, a decision that cabinet approved yesterday (watch<\/a>, runtime 9:04).<\/p>\n

Kol Youm\u2019s Amr Adib hosted Supply Minister Ali El Moselhy in studio to talk more about<\/strong>the Ramadan ration card bonus and other preparations for the holy month<\/strong>, when consumption increases by around 50%, the minister said. The government will be partnering with the private sector to offer food items at discounted prices in more than 120 outlets across the country, he added (watch<\/a>, runtime 7:54). The Mansour-family-owned supermarket chains Metro and Kheir Zaman will be among those joining the ministry\u2019s initiative, company spokesperson Tamer Gouda told Adib (watch,<\/a> runtime 1:20).<\/p>\n

On Yahduth fi Misr, Sherif Amer hosted former Egyptian Businessmen\u2019s Association head<\/strong>Hussein Sabbour<\/strong>, who was generally positive about the act, passed earlier this week. He was primarily excited about how it could help slash red tape (because acts of parliament are universally recognized as having the ability to magically re-wire the brains of recalcitrant bureaucrats<\/strong>) and warned that the full impact of the act on investment and the business climate will take at least three years to be felt. Sabbour also called on the Ismail government to pass the nation\u2019s first bankruptcy law and to make amendments to the Capital Markets Act.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 he is pleased with 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-647411","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":"1a3c9eee-043b-43c5-9c9f-899f39a4c727","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647405],"teaser":"","voice_url":""},"yoast_head":"\nTalk of the investment act dominates the airwaves on Last Night\u2019s Talk Shows. - 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\/05\/10\/talk-of-the-investment-act-dominates-the-airwaves-on-last-nights-talk-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Talk of the investment act dominates the airwaves on Last Night\u2019s Talk Shows.\" \/>\n<meta property=\"og:description\" content=\"The Investment Act was once again the topic of choice on the airwaves last night. 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Lamees also ropes in former Mobinil CEO Alex Shalaby; Healthcare Act could be law after six months of passing the bill","author":"enterpriseam admin","date":"20 March 2017","format":false,"excerpt":"The airwaves last night had us singing some Etta James in the shower this morning after a stellar return to form by Lamees El Hadidi. We await the joys of a more humorous take on the economy when Amr Adib returns from his recuperation. 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El Garhy also vehemently denied rumors suggesting that the government has plans to hike energy prices,\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":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":647411,"position":4},"title":"Between the IMF delegation\u2019s report and S&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 "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":648114,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/eurobonds-private-school-tuition-and-qatars-media-war-on-egypt-dominate-the-debate-on-the-airwaves\/","url_meta":{"origin":647411,"position":5},"title":"Eurobonds, private school tuition, and Qatar\u2019s media war on Egypt dominate the debate on the airwaves","author":"enterpriseam admin","date":"29 May 2017","format":false,"excerpt":"Even on semi-hiatus, Lamees Al Hadidy is still on form with an interview with Finance Minister Amr El Garhy on last week\u2019s successful USD 3 bn eurobond sale. 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