{"id":650243,"date":"2017-03-20T04:06:56","date_gmt":"2017-03-20T04:06:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/amr-el-garhy-interviewed-on-the-fy17-18-budget-lamees-also-ropes-in-former-mobinil-ceo-alex-shalaby-healthcare-act-could-be-law-after-six-months-of-passing-the-bill\/"},"modified":"2017-03-20T04:06:56","modified_gmt":"2017-03-20T04:06:56","slug":"amr-el-garhy-interviewed-on-the-fy17-18-budget-lamees-also-ropes-in-former-mobinil-ceo-alex-shalaby-healthcare-act-could-be-law-after-six-months-of-passing-the-bill","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/amr-el-garhy-interviewed-on-the-fy17-18-budget-lamees-also-ropes-in-former-mobinil-ceo-alex-shalaby-healthcare-act-could-be-law-after-six-months-of-passing-the-bill\/","title":{"rendered":"Amr El Garhy interviewed on the FY17-18 budget; Lamees also ropes in former Mobinil CEO Alex Shalaby; Healthcare Act could be law after six months of passing the bill"},"content":{"rendered":"<p><strong>The airwaves last night had us singing some Etta James in the shower this morning after <\/strong><strong>a stellar return to form by Lamees El Hadidi<\/strong>. We await the joys of a more humorous take on the economy when Amr Adib returns from his recuperation.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> Lamees had a <strong>lengthy phone call with Finance Minister Amr El Garhy about key features <\/strong><strong>of the FY2017-18 budget.<\/strong> The minister said that the exchange rate for the budget is still under discussion but <strong>he expects it to land somewhere around EGP 16 per greenback<\/strong>. Electricity and fuel subsidies are expected to nearly double in cost, setting the state back around EGP 200 bn compared to around EGP 135 bn this year (after the EGP float). GDP growth should be somewhere between 3.8 and 4%, with output reaching EGP 4.1 tn, up from EGP 3.4 tn in FY16-17, El Garhy added. As for the budget deficit, projections see it ranging from 9.25% to 9.5% of GDP in FY2017-18. El Garhy also told Lamees that <strong>the IMF will visit Egypt sometime in either May or June<\/strong>, after the IMF-World Bank spring meetings (<a href=\"https:\/\/www.youtube.com\/watch?v=cOTXCgrHePE\">watch<\/a>, runtime 22:21).<\/p>\n<p><strong>El Hadidy also spoke to the head of the Taxes Authority chief Emad Samy about the <\/strong><strong>settlement of tax disputes<\/strong>, which have so far earned the state around EGP 1.5 bn (450 cases) since September (more on that in the Speed Round) (<a href=\"https:\/\/www.youtube.com\/watch?v=CaTH5sz2WOE\">watch<\/a>, runtime 5:11).<\/p>\n<p><strong>Lamees was joined in the studio last night by former Mobinil CEO Alex Shalaby<\/strong> to discuss recent developments in the sector, particularly with Telecom Egypt gearing up to enter the mobile market soon, which Shalaby said is ill-timed (<a href=\"https:\/\/www.youtube.com\/watch?v=avIPSK_xk6E\">watch<\/a>, runtime 17:55). (Mobinil is now known as Orange Egypt, one of the nation\u2019s three existing mobile network operators.)<\/p>\n<p><strong>Meanwhile on Yahduth fi Misr, Sherif Amer spoke to the chair of the committee<\/strong><strong>developing the Universal Healthcare Act, <\/strong>who said that the bill would come into effect six months after its approval by the House of Representatives. The program is expected to cover all of Egypt within 10-12 years of its rollout. We had noted previously that Health Minister Ahmed Rady <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/02\/universal-healthcare-likely-not-to-go-to-house-before-june\/\">had expected<\/a> the bill will unlikely go before the House until June at the earliest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Lamees had a lengthy phone call with Finance Minister Amr El [&hellip;]<\/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-650243","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":"3e80a598-c67f-44fd-9f26-42448ac2e946","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[650238],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Amr El Garhy interviewed on the FY17-18 budget; Lamees also ropes in former Mobinil CEO Alex Shalaby; Healthcare Act could be law after six months of passing the bill - 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\/03\/20\/amr-el-garhy-interviewed-on-the-fy17-18-budget-lamees-also-ropes-in-former-mobinil-ceo-alex-shalaby-healthcare-act-could-be-law-after-six-months-of-passing-the-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amr El Garhy interviewed on the FY17-18 budget; Lamees also ropes in former Mobinil CEO Alex Shalaby; Healthcare Act could be law after six months of passing the bill\" \/>\n<meta property=\"og:description\" content=\"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. Lamees had a lengthy phone call with Finance Minister Amr El [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/amr-el-garhy-interviewed-on-the-fy17-18-budget-lamees-also-ropes-in-former-mobinil-ceo-alex-shalaby-healthcare-act-could-be-law-after-six-months-of-passing-the-bill\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-20T04:06:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/amr-el-garhy-interviewed-on-the-fy17-18-budget-lamees-also-ropes-in-former-mobinil-ceo-alex-shalaby-healthcare-act-could-be-law-after-six-months-of-passing-the-bill\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/amr-el-garhy-interviewed-on-the-fy17-18-budget-lamees-also-ropes-in-former-mobinil-ceo-alex-shalaby-healthcare-act-could-be-law-after-six-months-of-passing-the-bill\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Amr El Garhy interviewed on the FY17-18 budget; 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The phase-out of energy subsidies will continue on its gradual trajectory for the next three-five years, El Garhy added, explaining that the most recent hike was necessary to\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":647411,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/talk-of-the-investment-act-dominates-the-airwaves-on-last-nights-talk-shows\/","url_meta":{"origin":650243,"position":1},"title":"Talk of the investment act dominates the airwaves on Last Night\u2019s Talk Shows.","author":"enterpriseam admin","date":"10 May 2017","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":645061,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/el-garhys-interview-on-hona-al-asema\/","url_meta":{"origin":650243,"position":2},"title":"El Garhy\u2019s interview on Hona Al Asema","author":"enterpriseam admin","date":"11 July 2017","format":false,"excerpt":"Finance Minister Amr El Garhy\u2019s interview with Lamees Al Hadidi was the only thing to stand out in another tepid night in the airwaves. The second USD 1.25 bn disbursement of the IMF\u2019s USD 12 bn extended facility will be checked into state coffers within the week, Finance Minister Amr\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":631434,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/19\/state-ipo-program-tops-coverage-on-the-airwaves\/","url_meta":{"origin":650243,"position":3},"title":"State IPO program tops coverage on the airwaves","author":"enterpriseam admin","date":"19 March 2018","format":false,"excerpt":"With the unveiling of the state IPO program and the Ismail cabinet signing off on next year\u2019s budget, we finally have something to cut through the endless coverage of the elections. We have more in depth coverage of both of these topics in the Speed Round below.First state IPO coming\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":653068,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/29\/el-garhy-speaks-on-the-eurobond-issue-coverage-of-the-aswan-national-youth-conference-fills-the-airwaves\/","url_meta":{"origin":650243,"position":4},"title":"El Garhy speaks on the eurobond issue; coverage of the Aswan National Youth Conference fills the airwaves","author":"enterpriseam admin","date":"29 January 2017","format":false,"excerpt":"The USD 4 bn eurobond issuance covered the funding gap in the FY2016-17 budget and part of FY2017-18 financing gap, said Finance Minister Amr El Garhy in call-in to Hona Al Asema\u2019s Lamees Al Hadidi. El Garhy said that the turnout for the issue \u2014 which was 3x oversubscribed \u2014\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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":647524,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/14\/el-garhy-on-2nd-tranche-of-imf-facility-el-anany-about-new-archaeological-finds\/","url_meta":{"origin":650243,"position":5},"title":"El Garhy on 2nd tranche of IMF facility, El Anany about new archaeological finds","author":"enterpriseam admin","date":"14 May 2017","format":false,"excerpt":"On Hona Al Asema, Finance Minister Amr El Garhy had a chat with Lamees Al Hadidi, telling her he expects receive the second tranche of the IMF loan in the second half of June. El Garhy also vehemently denied rumors suggesting that the government has plans to hike energy prices,\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","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\/650243","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=650243"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650243\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/650238"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=650243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=650243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=650243"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=650243"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=650243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}