Talking heads cover a wide spectrum of topics
As is usually the case on Wednesday evening, the talking heads covered a wide spectrum of topics on the airwaves last night.
The Reuters poll of economists (which we cover in Speed Round, below) undersells Egypt’s growth prospects, EGX Vice Chairman Mohsen Adel said on Masaa DMC. The economists polled did not account for several positive indicators, including the continuous decline in unemployment rates over the past two years and the stability of FX rates, and instead focused on concerns about inflations, he said. Adel sees Egypt’s economic growth coming in at 5.5-5.8% in FY2018-19 on the back of national mega projects and the reduction of debt levels as the government presses ahead with fiscal and monetary reforms (watch, runtime: 11:14).
After granting its vote of confidence to the Madbouly Cabinet, House reps. were intent on letting everyone know that they will be following up on the government’s “progress.” The House of Representatives will be receiving a progress report from Cabinet every three months, Parliamentary Spokesman Hassaballah told Yahduth fi Masr (watch, runtime: 2:48). Deputy Speaker Soliman Wahdan had similar things to say on Al Hayah fi Masr, and called on ministers to carving out some time from their schedules every month to appear in Parliament (watch, runtime: 4:26).
Support Egypt Coalition head Rep. Mohamed Elsewedy recapped parliament’s deliberation process of the Madbouly Cabinet’s policy program, which he said focused on the economic policies outlined, such as the integration of the informal economy and making commodities readily available and affordable for the population (watch, runtime: 5:02).
The government must prepare a legislative plan outlining the mechanics of how it will implement the promises made in its policy program, Hassaballah said on Hona Al Asema. He noted that parliament is ready to draft all the legislation necessary to support this process and ensure the government meets its objectives (watch, runtime: 4:20).
The proliferation of false news and rumors over the past several months is the Ikhwan’s doing, Supreme Council for Media Regulation head Makram Mohamed Ahmed told Masaa DMC’s Osama Kamal. Ahmed explained the council’s role and vehemently denied that it was responsible for the shuttering of several websites and news outlets, but defended the move as necessary, saying that all of the websites that have been blocked are owned or backed by the Ikhwan (watch, runtime: 4:43 and runtime: 7:43).
Residual commentary on the Siemens power plants also took up some time on Masaa DMC last night, with presidential advisor Hany El Nokrashy hailing the plants’ inauguration as a signal that Egypt is on the right track in terms of development (watch, runtime: 6:41). El Nokrashy also discussed Egypt’s energy mix, saying that relying on existing resources such as gas and solar power are optimal (watch, runtime: 4:00).