El Garhy on eurobond program, praise for Egypt in the US: The planned eurobond issuance will not add to the pressure of external debt, as interest rates have dropped to 6% on 10-year bonds, down from 7.5%, while six-year bonds now carry a rate of 5%, down from 6.5%, Finance Minister Amr El Garhy told Masaa DMC’s Osama Kamal. El Garhy reassured the host that bonds will be issued annually, with their value being determined according to GDP. The minister also talked about the praise Egypt’s economic reform program received at the IMF and World Bank fall meetings and how that reflects renewed investor interest in Egypt (watch, runtime 5:38).

It was otherwise a banal night on the airwaves, with the nation’s sports minister promising that Egypt won’t be kicked out of the World Cup despite the Egyptian Football Association’s failure to hold elections for its board and Amr Adib chatting with his brother Emad El Din about the economy and politics. Amr Moussa also popped up last night to plug his autobiography, which Al Shorouk has been serializing.