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Monday, 19 February 2018

EGX trading volumes, regional politics, and family planning

It was another night of miscellany, with the nation’s talking heads discussing everything from EGX trading volumes to regional politics and family planning.

EGX boss Mohamed Farid expects the state’s IPO program to launch in April or May, he told Lamees Al Hadidi during an appearance on Hona El Asema. Farid did not dive into specifics, but told the host that paperwork and procedures were still in progress.

Farid also recounted improvements in trading momentum, telling Lamees that daily trading volumes have increased significantly since the EGP floated in late to 2016 to average around EGP 1.2 bn, from EGP 500 mn before. The bourse’s record-high was a daily average of EGP 2.2 bn back in 2007-08, he added (watch, runtime: 36:45)

Lamees also spoke to Foreign Ministry spokesperson Ahmed Abu Zeid about reports that Sudan had expelled members of the Ikhwan from the country. Abu Zeid said Sudanese officials had confirmed more than once that they were taking “these kinds of measures,” but added that he could not confirm or deny any new details or developments (watch, runtime: 1:35)

The delay in talks with Ethiopia over the Grand Renaissance Dam is definitely not in Egypt’s best interest, but is entirely understandable,given the circumstances of Hailemariam Desalegn’s resignation as prime minister, Abu Zeid also said (watch, runtime: 3:38).

Abou Zeid also spoke with Masaa DMC’s Eman El Hosary (watch, runtime: 9:04)

On Kol Youm, Amr Adib zeroed in on proposed legislation to set up an insurance scheme for private sector workers with Cairo University professor Sami Abdel Aziz, who told him that only 15.6 mn out of 104 mn Egyptians have insurance (watch, runtime: 5:00). Egyptian Agriculture Bank Chairman Al Sayed Kouseir told Adib he hopes that insurance scheme will extend to the mns of farmers that deal with the bank (watch, runtime: 7:47). (We have more on the story in Speed Round, below.)

Al Hayah Al Youm’s Tamer Amin spoke to Ittihadiya spokesperson Bassam Rady about the insurance scheme, which is being studied at the request of President Abdel Fattah El Sisi. Rady said El Sisi was in meetings with CBE Governor Tarek Amer and PM Sherif Ismail to further discuss the issue (watch, runtime: 7:34).

Amin also hosted Public Enterprises Minister Khaled Badawy to talk more about the state of government-owned companies (watch, runtime: 45:52).

Back on Hona al-Assema, Lamees spoke to Deputy Health Minister Tarek Tawfik about the population boom after reading that we added 500k people to our headcount in just 100 days. Tawfik said the ministry has launched nationwide family planning campaigns to help curb population growth, adding that a new “program” would be launched soon, without elaborating further (watch, runtime: 3:07).

Where are the planes from Moscow? Adib urged the Egyptian government to explain the reason behind the delay in the resumption of air travel between Moscow and Cairo (Watch, runtime 3:43). Adib also followed up on the arrest of former top-auditor Hesham Genena, who psychologists said was not be suffering of PTSD, after all (watch, runtime: 8:00).

Meanwhile on Yahduth fi Masr, Sherif Amer sat down with former Jamaa Islamiyah leader Nageh Ibrahim, who praised the military’s anti-terror campaign in North Sinai (watch, runtime: 3:10).

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