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Sunday, 23 September 2018

El Sisi at the UN dominates coverage

The airwaves are clogged with political and foreign relations pundits offering nothing in the way of original analysis President Abdel Fattah El Sisi makes his latest fall visit to New York for the UN General Assembly.

But before we get to that, Hona Al Asema dove into last week’s abysmal performance on the EGX, which saw the benchmark EGX30 fall to its lowest point this year on Wednesday. CFA Society Ahmed Abou El Saad puts the primary blame on the emerging markets selloff (watch, runtime: 16:54). He also pointed to news of the arrest of the Al Watany Bank defendants and (for some reason) talk of the state confiscating funds from Ikhwan-affiliated companies (watch, runtime: 2:19).

El Hekaya’s Amr Adib met with one of the defense attorney’s on the Al Watany Bank defense team. We note highlights of that talk, which took a turn to the political, in the Speed Round below.

El Sisi at the UN will be an economic mission: Amid the usual, insipid talking points trotted out, Al Masry Al Youm journalist Mohsen Smeeka’s interview with Masaa DMC stood out. He noted that the economy will feature heavily in El Sisi’s trip, which will see the president meet with World Bank CEO Kristalina Georgieva and a delegation of US companies in a meeting set up by the American Chambers of Commerce. El Sisi will also meet with UAE Foreign Minister Abdullah bin Zayed (watch, runtime: 7:11).

Foreign Minister Sameh Shoukry spoked to Masaa DMC from New York, saying this UN meeting is an important showcase for Egypt’s growing international role. Egypt will lead a meeting of the G77 and head the African Union in 2019. He talked of the importance of US-Egypt cooperation on a number of regional issues, including the current violence in Gaza, where Egypt is currently mediating between Israel and Hamas (watch, runtime: 14:35).

Also in diplomacy, Turkey’s arrest of Egyptian fishermen off the northern coast of Cyprus received a vitriolic reaction from El Hekaya’s Amr Adib, who attacked what he believes to be a Turkey-Qatar plot against Egypt (watch, runtime: 2:15).

Amr Adib hosted makers of the famed “Raafat El Haggan” series on the 30th anniversary of its airing. Adib used the talk to lambast the makers of Netflix’s Ashraf Marwan spy thriller, The Angel, a view with which we concur wholeheartedly (watch, runtime: 3:12).

Hona Al Asema covered briefly El Gouna Film Festival and the death of screenwriter Sameer Khafaga (watch, runtime: 4:06).

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