{"id":648987,"date":"2017-04-19T03:59:48","date_gmt":"2017-04-19T03:59:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/lamees-hard-on-the-economic-reforms-legislative-judiciary-beef-grows\/"},"modified":"2017-04-19T03:59:48","modified_gmt":"2017-04-19T03:59:48","slug":"lamees-hard-on-the-economic-reforms-legislative-judiciary-beef-grows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/lamees-hard-on-the-economic-reforms-legislative-judiciary-beef-grows\/","title":{"rendered":"Lamees hard on the economic reforms; Legislative, judiciary beef grows"},"content":{"rendered":"

Lamees Al Hadidi play devil's advocate last night in her coverage of the IMF and <\/strong>IMF\u2019s World Economic Outlook and the World Bank\u2019s Egypt Economic Outlook<\/strong>. She singled out one element of the reports that suggests a decline in consumer spending is a result of the high inflation and proceeded to grill her guests on what this means for the Ismail government\u2019s economic reform drive.<\/p>\n

First up was Trade and Industry Minister Tarek Kabil<\/strong>, who responded by showcasing how exports have grown to USD 1.8 bn in February, up from USD 1.5 bn during the same month last year. The rise in exports, along with a USD 7 bn decline in imports, has helped decrease the trade deficit by USD 9 bn. Kabil also noted 42% growth in the industrial sector and noted that simplified licensing under the Industry Permits Act will help attract FDI (watch<\/a>, runtime: 13:27).<\/p>\n

Kabil\u2019s interview moved the episode nicely on to exports.<\/strong> Next up, Arafa Holding Chairman Alaa Arafa<\/strong> reminded Lamees that the full fruits of the economic reform program will take to appear. He said improvements on the export front are already visible, but pointed out that (we\u2019re paraphrasing here) it takes time to turn around an aircraft carrier (watch<\/a>, runtime: 6:17).<\/p>\n

The contrarian:<\/strong> Export Development Council member Magdy Tolba chimed in by saying that the export growth is still \u201cminimal\u201d considering the number of factories that closed or downsized after 2011 (watch<\/a>, runtime: 4:22). Industries that rely on locally sourced components and raw materials will benefit the most from the export drive, said Sherif El Gabaly, head of the chemical industries division of the Federation of Egyptian Chambers of Commerce. He thinks chemical industries and fertilizers are among those that have the best export prospects (watch<\/a>, runtime: 7:17).<\/p>\n

Legislative branch won\u2019t back down from fight with the judiciary:<\/strong> Over on Al Hayah Al Youm, head of the Cairo Criminal Court Abdel Emam reiterated that the House of Representatives\u2019 amendments to the judicial codes granting the president the right to appoint the heads of judicial committees was unconstitutional (watch<\/a>, runtime: 4:03). The House had reportedly fired back at the judiciary, with the deputy chair of the House Legislative Committee declaring that the Council of State (Maglis El Dowla) had no legal standing to offer a judicial opinion on the matter, after it called the law illegal, according to Al Shorouk<\/a>. He stated that only the Constitutional Court can rule on the legality of the law which passes through the House, adding that Parliament will vote on the amendments regardless of the Maglis\u2019 opinion.<\/p>\n

Dean of the Faculty of Islamic Studies at Al Azhar University Abdel Moneim Fouad took to Yahduth fi Masr to reject opinions that Al Azhar\u2019s teaching had themselves contributed to a rise in extremism.<\/strong> His statements follow Al Azhar\u2019s Council of Senior Scholars officially denouncing these accusations earlier in the day. The Council said in a statement yesterday that it alone is \u201cmandated to teach righteous Islamic dogma that spreads peace and stability,\u201d Ahram Online reports<\/a>.<\/p>\n

Kol Youm\u2019s Amr Adib was off last night.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lamees Al Hadidi play devil's advocate last night in her coverage of the IMF and IMF\u2019s World Economic Outlook and the World Bank\u2019s Egypt Economic Outlook. She singled out one element of the reports that suggests a decline in consumer spending is a result of the high inflation and proceeded to grill her guests on […]<\/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-648987","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":"9de2369f-c13f-45fa-98f1-9ba8cafdc5b8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648981],"teaser":"","voice_url":""},"yoast_head":"\nLamees hard on the economic reforms; Legislative, judiciary beef grows - 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\/04\/19\/lamees-hard-on-the-economic-reforms-legislative-judiciary-beef-grows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lamees hard on the economic reforms; Legislative, judiciary beef grows\" \/>\n<meta property=\"og:description\" content=\"Lamees Al Hadidi play devil's advocate last night in her coverage of the IMF and IMF\u2019s World Economic Outlook and the World Bank\u2019s Egypt Economic Outlook. 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MENA economies will only start to\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":571988,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/maait-gives-lamees-an-update-on-egypts-economic-outlook-amid-covid-19\/","url_meta":{"origin":648987,"position":1},"title":"Maait gives Lamees an update on Egypt\u2019s economic outlook amid covid-19","author":"enterpriseam admin","date":"8 June 2020","format":false,"excerpt":"The highlight of last night\u2019s talk shows was Finance Minister Mohamed Maait\u2019s chat with Al Kahera Alaan\u2019s Lamees El Hadidi for an update on Egypt\u2019s macro indicators and the government\u2019s outlook amid covid-19. The government is constantly updating its forecasts for Egypt\u2019s economic growth as developments in the global economy\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":591778,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/world-youth-forum-egypts-currency-rallying-on-last-nights-talk-shows\/","url_meta":{"origin":648987,"position":2},"title":"World Youth Forum, Egypt\u2019s currency rallying on last night\u2019s talk shows","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"The World Youth Forum continued to be the talking heads\u2019 primary focus on its penultimate day, while the EGP breaking the 16 \/ USD 1 barrier also earned some airtime. We have both stories in this morning\u2019s Speed Round, below. Talking point of the day: President Abdel Fattah El Sisi\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":562463,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/25\/last-nights-talk-shows-biden-and-el-sisis-call-imfs-mohieldin-on-covid-19-outlook\/","url_meta":{"origin":648987,"position":3},"title":"Last Night\u2019s Talk Shows: Biden and El Sisi\u2019s call + IMF\u2019s Mohieldin on covid-19 outlook","author":"enterpriseam admin","date":"25 May 2021","format":false,"excerpt":"President Abdel Fattah El Sisi and US President Joe Biden\u2019s phone call yesterday on reinforcing the Palestine-Israel ceasefire and reviving the peace process was in the limelight on last night\u2019s talk shows. 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