London terror attacks, mobile payments framework, and Tiran and Sanafir agreement
After a spell of Ramadan-itis, Egypt’s media power couple were back on the airwaves last night, and both were concerned with Saturday night’s terrorist attacks in London. Lamees Al Hadidy, the better half of the two, also recapped reactions from the banking sector on the government’s new mobile payments strategy.
Kol Youm’s Amr Adib suggested that the London attacks will help sway the international community on officially designating the Ikhwan a terror group (watch, runtime 2:06) and attempted (rather unsuccessfully) to analyze British Prime Minister Theresa May’s speech after the incident. He criticized the UK for failing to take tougher measures against terrorism sooner (watch, runtime 6:04).
Lamees also stressed the need for the UK to take serious action against terror groups and their financiers and sympathizers, accusing the country of acting as a “safe haven” for the Ikhwan on her biweekly Ramadan spot on CBE Extra News.
She then spoke with CIB Chairman Hisham Ezz Al Arab about the National Payments Council’s decisions from Saturday. Ezz Al Arab, who is also head of the Federation of Egyptian Banks, says he expects mobile payment solutions to be widely adopted. Ezz Al Arab said that he expects forthcoming legislation on mobile payments will see the replacement of archaic banking rules from 1960s that are still in place today and that mandate keeping paper records.
The National Bank of Egypt’s head of retail banking Hazem Hegazy also told Lamees that the draft law will include clauses to regulate electronic payments and utility bill payments (watch both call-ins, runtime: 14:33).
Lamees also spoke to MP Salah Hasaballah about the handover of Tiran and Sanafir islands to Saudi Arabia. Hasaballah told the host that many MPs are against the agreement and will ask House Speaker Ali Abdel Aal to live broadcast the plenary session vote so that people would know who’s for and who’s against.