Back to the complete issue
Tuesday, 30 May 2017

Adib talks pension raise, bashes Qatar on the airwaves last night

Amr Adib — whose talk show Kol Youm is the only one we follow that is sticking to a daily schedule during Ramadan — had two things on his mind last night: the new EGP 46 bn social welfare package announced by the government (which we cover in greater detail in the Speed Round); and Qatar.

On the welfare bump, which includes a 15% raise in pensions, 25-30% rise in Takaful and Karama benefits, bonuses and a slew of tax breaks, Adib hosted a debate between MP Anissa Hassouna and TV host Nahawand Serry. Hassouna praised the move, which she said was necessary for pensioners (watch, runtime 2:03), but Serry criticized it saying that it was an unnecessary waste of EGP 46 bn that will not make that great of an impact for pensioners (watch, runtime 2:10).

Adib also continued to bash Qatar, calling its military capabilities “poor” in a not-so-mature move to engage with Qatari twitter trolls (watch, runtime 19:09). Stay classy, Mr. Adib.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.