{"id":652490,"date":"2017-01-11T03:40:42","date_gmt":"2017-01-11T03:40:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/11\/world-bank-sends-reassuring-message-on-inflation-for-the-last-time-no-cabinet-shuffle-dabaa-coming-soon-again\/"},"modified":"2017-01-11T03:40:42","modified_gmt":"2017-01-11T03:40:42","slug":"world-bank-sends-reassuring-message-on-inflation-for-the-last-time-no-cabinet-shuffle-dabaa-coming-soon-again","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/11\/world-bank-sends-reassuring-message-on-inflation-for-the-last-time-no-cabinet-shuffle-dabaa-coming-soon-again\/","title":{"rendered":"World Bank sends reassuring message on inflation; for the last time...no cabinet shuffle, Daba\u2019a coming soon, again"},"content":{"rendered":"<p><strong>World Bank Country Director for Egypt, Yemen and Djibouti Asad Alam<\/strong> was Lamees El Hadidy\u2019s guest on Hona El-Assema last night. Alam said the government reform drive will create jobs, boost exports and attract investments. Key takeaways from the interview (<a href=\"https:\/\/www.youtube.com\/watch?v=mGx3pNxXaag\">watch<\/a>; runtime: 24:51):<\/p>\n<ul type=\"disc\">\n<li>The <strong>high inflation <\/strong>rates which came after the EGP float will be a short-term phenomenon;<\/li>\n<li>2017 will be better in terms of <strong>growth and job creation<\/strong>. The director observed palpable changes in the markets: \u201cNow I am seeing locally produced goods, whereas before I was only seeing imported products.\u201d <\/li>\n<li><strong>\u201cWe support the government\u2019s strategy for the energy <\/strong>and transportation sectors,\u201d but Egypt still needs investment in the infrastructure sector.<\/li>\n<li>\u201cI\u2019m happy that the government submitted a draft investment law to parliament to improve the business climate\u2026but the<strong> issues facing investors should be addressed faster<\/strong> than that to make it easier to do business.\u201d<\/li>\n<li>Social safety net programs, such as World Bank-funded Karama and Takaful, are crucial to fighting poverty.<\/li>\n<li>Education system needs to produce graduates with skills business needs.<\/li>\n<\/ul>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>No cabinet shuffle (thank you, very much): <\/strong>Ismail cabinet spokesperson Ashraf Sultan threw cold water on talks of a cabinet shuffle in a call-in to 90 Minutes\u2019 Moataz El Damardash. Sultan also denied that the government was considering raising the minimum wage to EGP 1,500 per month from a current EGP 1,200 (<a href=\"https:\/\/www.youtube.com\/watch?v=RYdH74p2HrU\">watch<\/a>; runtime: 3:16).<\/p>\n<p><strong>Still no Daba\u2019a contracts: <\/strong>Yahduth fi Masr\u2019s Sherif Amer spoke to Electricity Ministry spokesperson Ayman Hamza who told him that the government will be signing the agreement for the Daba\u2019a nuclear power plant with Russia\u2019s Rosatom \u201cin the first few months of this year.\u201d<\/p>\n<p>Kol Youm\u2019s <strong>Amr Adib showcased a report about the deteriorating conditions of the textile sector in Egypt<\/strong>. (<a href=\"https:\/\/www.youtube.com\/watch?v=Wc1bACHpUCg\">Watch<\/a>: runtime: 3:35). Industry insiders tell Kol Youm reporters that the industry is working at 10% capacity. The report blames the float for hindering imports of raw material.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Bank Country Director for Egypt, Yemen and Djibouti Asad Alam was Lamees El Hadidy\u2019s guest on Hona El-Assema last night. Alam said the government reform drive will create jobs, boost exports and attract investments. Key takeaways from the interview (watch; runtime: 24:51): The high inflation rates which came after the EGP float will be [&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-652490","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":"a0c6515e-ebe3-42b8-8c6e-ee0485bed4cf","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652485],"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>World Bank sends reassuring message on inflation; for the last time...no cabinet shuffle, Daba\u2019a coming soon, again - 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\/01\/11\/world-bank-sends-reassuring-message-on-inflation-for-the-last-time-no-cabinet-shuffle-dabaa-coming-soon-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank sends reassuring message on inflation; for the last time...no cabinet shuffle, Daba\u2019a coming soon, again\" \/>\n<meta property=\"og:description\" content=\"World Bank Country Director for Egypt, Yemen and Djibouti Asad Alam was Lamees El Hadidy\u2019s guest on Hona El-Assema last night. Alam said the government reform drive will create jobs, boost exports and attract investments. 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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 &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":575237,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/07\/last-nights-talk-shows-mohamed-el-erian-on-egypts-post-covid-economic-recovery\/","url_meta":{"origin":652490,"position":2},"title":"Last night\u2019s talk shows: Mohamed El-Erian on Egypt\u2019s post-covid economic recovery","author":"enterpriseam admin","date":"7 October 2020","format":false,"excerpt":"Celebrations of the 6 October anniversary and Egypt\u2019s 1973 military victory dominated the airwaves last night, with most airing President Abdel Fattah El Sisi\u2019s speech in commemoration of the day: Kelma Akhira\u2019s Lamees El Hadidi (watch, runtime: 1:29), Al Hayah Al Youm (watch, runtime: 1:45), and Masaa DMC\u2019s Ramy Radwan\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":597035,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/a-humdrum-night-for-egypts-talk-shows\/","url_meta":{"origin":652490,"position":3},"title":"A humdrum night for Egypt\u2019s talk shows","author":"enterpriseam admin","date":"15 July 2019","format":false,"excerpt":"Another humdrum night on the airwaves: President Abdel Fattah El Sisi\u2019s meeting with the cabinet economic committee, the state\u2019s new health insurance scheme, and a military-owned greenhouse project all got attention on last night\u2019s talk shows. Recapping socioeconomic indicators: Hona Al Asema\u2019s Reham Ibrahim highlighted El Sisi\u2019s meeting with the\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":586718,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/16\/former-blom-bank-egypt-deputy-doesnt-think-the-cbe-will-raise-rates-this-week\/","url_meta":{"origin":652490,"position":4},"title":"Former Blom Bank Egypt deputy doesn\u2019t think the CBE will raise rates this week","author":"enterpriseam admin","date":"16 May 2023","format":false,"excerpt":"Food prices and the Turkish election also got attention","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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\/5\/882.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544504,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/last-nights-talk-shows-cbe-could-raise-rates-this-month-in-response-to-ukraine-crisis-arqaam\/","url_meta":{"origin":652490,"position":5},"title":"Last Night\u2019s Talk Shows: CBE could raise rates this month in response to Ukraine crisis -Arqaam","author":"enterpriseam admin","date":"7 March 2022","format":false,"excerpt":"Will the Central Bank of Egypt raise interest rates to combat higher prices fuelled by the Ukraine war? Noaman Khalid, associate director at Arqaam Capital, thinks so. A rise in interest rates in the CBE\u2019s upcoming monetary policy committee meeting later this month is \u201ca very big possibility,\u201d he said\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","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\/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\/652490","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=652490"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652490\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652485"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652490"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652490"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}