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Sunday, 30 September 2018

LNG imports ending, Emaar loves Egyptian real estate, Facebook users need to change their passwords

Gas dominates airwaves: News that natural gas imports are officially a thing of the past dominated discussion on the airwaves on what was an otherwise bland night (We have more in the Speed Round, below). But the EMG pipeline agreement that paves the way for imports from Israel? Not so big a topic.

Egypt will save around USD 1.5 bn a year by cutting LNG imports, Oil Minister Tarek El Molla told Amr Adib on El Hekaya, adding that domestic production is more than enough to cover domestic demand for LNG (watch, runtime: 5:14). El Molla said the move brings Egypt one step closer to its goal of becoming a regional energy hub, particularly with its existing liquefaction facilities that could potentially see it establish an underwater pipeline with Cyprus and export gas to Europe (watch, runtime: 5:37). An extensive interview with the minister on the subject is also set to air on Masaa DMC today (watch a preview, runtime: 7:34).

Plugging the gap between production and consumption is a target the government has worked longed to achieve, Oil Ministry spokesperson Hamdy Abdel Aziz told Hona Al Asema. The ministry plans to use its added capacities in value-adding industries, such as petrochemicals, and also continue to expand and connect more homes to the national grid. Ongoing exploration work in the Mediterranean is bound to reveal new gas fields, Abdel Aziz added (watch, runtime: 5:42).

Former EGPC deputy head Medhat Youssef called both Al Hayah fi Misr and Hona Al Asema to express just excited he is that Egypt achieved natural gas self-sufficiency (watch here, runtime: 8:59 and here, runtime: 2:51).

The UAE’s Emaar Properties is a big believer in the future of real estate in Egypt, founder and Chairman Mohammed Alabbar told Amr Adib in a pre-recorded interview. The company is in talks to acquire land in the new capital and other areas around Egypt (watch, runtime: 1:28) and is also taking part in various government tenders, he said (watch, runtime: 0:46). Emaar is also spending some EGP 1.5 bn on the marina it’s building in its North Coast development Marassi, which it intends to put on the global map (watch, runtime: 2:11).

Another Facebook breach? Tech expert Mostafa Abu Ghamra appeared on Hona Al Asema to discuss a hack that saw Facebook leak the personal information of some 50 mn users. His advice: Change your password as soon as possible and turn on two-step verification (watch, runtime: 26:15). Adib also urged viewers to do the same (watch, runtime: 1:12).

Are railway drivers dodging random drug tests? Recent reports from the National Railway Authority’s HR department indicate that many drivers and staff members have been avoiding random tests, which were instituted last year after a deadly train collision near Alexandria. according to Masaa DMC’s Eman El Hosary. Staff members who refuse to take the test are suspended for six months, according to authority boss Ashraf Raslan, who claims that only 1.5-2% of the samples test positive (watch, runtime: 13:00).

Meanwhile, water conservation and consumption were the topic of the night on Al Hayah Fi Misr, where Irrigation Ministry spokesperson Yousry Khafagy appeared to discuss measures the government has taken in that regard as well as cooperation with Nile Basin countries (watch, runtime: 30: 48).

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