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Sunday, 5 May 2019

Talking heads occupied with WB’s Malpass, Egypt and Lebanon agreements

President Abdel Fattah El Sisi’s meeting with World Bank President David Malpass dominated the nation’s airwaves last night. Also creating buzz (to a much lesser extent): The Arab Economic Forum in Beirut. We have chapter and verse on both in this morning’s Speed Round, below.

Malpass praised Egypt’s economic reform program and said the mega-projects underway will provide extra catalysts for growth, Al Hayah Al Youm’s Lobna Assal said. Assal also took note of Malpass’ visit to the Investment Ministry’s Investor Service Center (watch, runtime: 2:21).

Color commentary: Hona Al Asema’s Reham Ibrahim phoned Cairo University finance professor Hisham Ibrahimfor his two cents. Ibrahim praised the bank’s relationship with Egypt and lauded its role in the country’s economic reform program. He also pointed out that Malpass’ visit came only a few days after the bank renewed its partnership program with Cairo, making it an “especially important” time (watch, runtime: 9:27).

Fresh start for Cairo and Beirut? Agreements signed between Egypt and Lebanon during the Arab Economic Forum in Beirut represent “a shift in relations and cooperation” between the two countries, Cabinet Spokesman Nader Saad separately told Assal (watch, runtime: 2:20).

In miscellany on the airwaves: El Sisi is set to inaugurate today four tunnels in Ismailia and Port Said, Assal reported. The tunnels should reduce the time it takes to cross the Suez Canal into and from Sinai to ten minutes or less (watch, runtime: 4:51).

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