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Thursday, 20 April 2017

Capital Market Act amendments approved by cabinet; Local Development Minister lambasts bureaucrats

Last night’s talk shows presented a mixed bag, with little of particular importance piquing the interest of the nation’s talking heads.

Egyptian Financial Supervisory Authority chief Sherif Samy was on Mehwar TV’s 90 Minutes to tout the cabinet’s approval yesterday of amendments to the Capital Markets Act (more on this in the Speed Round) (watch, runtime: 3:31).

Local Development Minister Hisham El Sherif spoke to the hearts of every Enterprise employee when he lambasted state bureaucrats on Masaa’ DMC last night. He holds them partly to blame for why economic reforms are not translating fast enough into real change on the ground, saying that civil servants have been lagging behind policymakers in implementing reforms (watch, runtime: 7:20).

Yahduth fi Masr’s Sherif Amer and soul mate Mostafa El Fekki discussed political tension between Egypt and Sudan. The two pinned the blame largely on Sudan as the sole instigator of recent tensions.

Al Tayyar Group Chairman Ashraf Sheeha talked about the mess that is umrah flights to Saudi Arabia, which consumed the local press yesterday. Apparently terminals to Saudi had been overflowing and packed with pilgrims due to three consecutive flight delays to Jeddah Airport because of the bad weather in Saudi Arabia, he told Al Hayah Al Youm’s Tamer Amin. Sheeha added that the CBE FX allocations for pilgrims were not sufficient, forcing tour operators to secure FX on their own (watch, runtime: 8:15).

Hona Al Assema’s Lamees Al Hadidi was on women’s education in her weekly women-focused Hona Al Settat show (watch, runtime: 1:51:50).

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