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Tuesday, 20 December 2016

Last Night’s Talk Shows: Russian Ambassador assassinated in Turkey; Easy permits; Hany Genena urges calm; CBC, Al Nahar team up for a 24-hour news channel

The talking heads were all about the assassination of Russia’s ambassador to Turkey in Ankara. Kol Youm’s Amr Adib discussed the aftermath of the assassination of Andrey Karlov (watch, runtime 3:36), saying the incident proves that nobody is safe from terrorism. He also covered an apparent terror attack in Berlin that saw a truck slam into a Christmas market, killing at least 12 yesterday evening. “We are now witnessing World War III,” he said the hyperbole-prone host (watch, runtime 1:14:51).

Adib then shifted the focus back to Egypt with a report about a Trade and Industry Ministry initiative to support SME development by streamlining the allocation of land and granting of permits necessary to open or expand food, pharma, and engineering-related factories (watch, runtime 2:25). Investors reserve land for EGP 10,000 and have two weeks to file paperwork for permits.

After coverage of events in Turkey, Yahduth Fi Masr’s Sherif Amer reported he had been informed that food prices at state-controlled retail outlets would be rising this week, except for ration card holders.

Hona Al Assema’s Lamees Al Hadidy interviewed Beltone Financial’s Head of Research Hany Genena to discuss the aftermath of the EGP float. “[Volatility] is normal in the first two months post-floatation,” Genena told the host. “The CBE hasn’t held any USD auctions since 3 November, so the banks are now under pressure to meet the needs of importers and foreign companies operating in Egypt” (watch, runtime 5:16).

El Hadidy then moved on to discuss the asset freeze imposed on Al Borsa / Daily News Egypt owner Business News last week by the committee investigating the Ikhwan’s assets. Chairman Mostafa Sakr said that he has yet to understand why this happened. “I met with a member of the committee and he promised to look into our case,” Sakr said (watch, runtime 10:36).

Furniture expo Le Marché hasn’t been cancelled and will go ahead as scheduled, co-organizer Mostafa Ismail told El Hadidy, who reported there had been concerns the expo would be pre-empted on security grounds. “We are very thankful that President Abdel Fattah El Sisi stepped in when he did and resolved this issue in time,” Ismail said (watch, runtime 2:34).

El Hadidy also announced that CBC and Al Nahar will be collaboratively launching a the 24-hour news channel Extra News at 6 PM on Tuesday (watch, runtime 1:56).

Qahera Wel Nas’ Ibrahim Eissa hosted author Omer Taher, who spoke about his new book “Sanay3eyet Masr” (Egypt’s Craftsmen), which surveys the life of some of Egypt’s creative geniuses (watch, runtime 6:27).

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