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Thursday, 7 March 2019

Econ and business kept talking heads busy last night

Foreign holdings in Egyptian treasuries climbed to USD 15.8 bn by end-February amid a surge in appetite and positive sentiment (watch, runtime: 01:44). We have more on this in our Speed Round, below.

New amendments to the Investment Act were not issued to resolve obstacles, but to offer incentives to investors to expand, General Authority for Freezones and Investment (GAFI) boss Mohsen Adel told Al Hayah Al Youm (watch, runtime: 06:51). The Cabinet approved the amendments yesterday. We also have more on this in the Speed Round.

Thomas Cook is looking to expand tourism cooperation with Egypt, CEO Peter Fankhauser told Tourism Minister Rania Al Mashat on the sidelines of the Tourism forum ITB Berlin, (watch, runtime: 03:50).

Speaking of tourism, Egypt’s tourism industry grew by 94.9% from 2013 to 2018, according to German tourism portal FVW, Masaa DMC’s Osama Kamal had the story (watch, runtime: 01:44).

The 1.5 mn feddan project got significant attention on the airwaves last night (watch, runtime: 02:41). West Minya is leading the project with 20k feddans that have been reclaimed (watch, runtime: 02:25) and (watch, runtime: 03:02). Also (watch, runtime: 03:30) and (watch, runtime: 03:12).

The Dutch embassy in Cairo launched earlier this week Start Egypt Up, an event aimed at supporting entrepreneurs, Yahduth fi Masr’s Sherif Amer highlighted (watch, runtime: 03:06).

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