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Wednesday, 27 September 2017

The IMF report, the only topic worth noting really last night

Apart from Lamees Al Hadidi dissecting the IMF report and celebrating Saudi’s decision to let women drive, there was not much to report from the airwaves.

Lamees dove head-first into the IMF’s inaugural review of Egypt’s economic reform plan, which she described as “promising” overall. Lamees pointed out that, while the report had plenty of positive points, it also made mention of some challenges, including inflation and rising debt levels (watch, runtime 10:53).

Egypt has never defaulted on its debt obligations, noted Arqaam Capital’s Reham El Desoki, who phoned in to offer color commentary. She also said that the concerns over social protection will continue to dwindle as the country moves forward with its reforms and the effects of the EGP float continue to wear off (watch, runtime 1:34).

Lamees then veered off to the strange case of Mowasalat Masr, Egyptian-Emirati transport company that has accused the government of demolishing a garage the company was renting for its fleet. The company’s head of PR, Abbas Kattan, lambasted the government, saying moves like that are driving investors away (watch, runtime 6:25).

Lamees all but popped some champagne (also illegal in KSA, we remind you) in honor of Saudi Arabia now allowing women to drive. Saudi writer Manal Masoud Al Sharif, who has long been an advocate of the cause, told Lamees that the kingdom’s critics will now have one less talking point (watch, runtime 3:05).

Kol Youm’s Amr Adib spoke to former MP Mohamed Anwar El Sadat on a possible run during next year’s presidential elections. El Sadat said he has yet to settle on whether or not to toss his hat into the ring and stressed that a multi-candidate election is a necessity (watch, runtime 16:02).

Yahduth fi Masr’s Sherif Amer spoke about the spike in school fees with Education Ministry official Haitham Fathalla, who told the host that most schools upped their prices 4-11%, while international school fees rose 14%. School owners enjoy a 15% profit margin on tuition fees, according to Fathalla.

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