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Thursday, 4 October 2018

Egypt to hit growth targets, House reps. going to Europe, Public Enterprises seek reform

The airwaves served up another batch of randomly-assorted topics last night, ranging from Egypt’s economic growth targets, to a parliamentary Eurotrip and the rehabilitation of state-owned companies.

Egypt is expected to hit the economic growth targets set by the World Bank in its most recent report on digital transformation in the region, economics professor Yomn El Hamaky told Al Hayah fi Misr (we have more on that in the Speed Round, below). Egypt’s economy is recovering and on the right track and has a host of opportunities to offer to investors, she said, adding that one thing the government needs to focus its efforts on in the coming period should be an export development strategy (watch, runtime: 7: 47).

House reps are planning a Eurotrip? The new head of the House of Representatives’ Human Rights Committee, Alaa Abed, told Masaa DMC that he was planning a tour of European cities soon to meet with various officials to address their concerns over human rights conditions in Egypt and explain what the situation is actually like. Industry Committee chair Farag Amer also told host Osama Kamal that he would be working on a new strategy to spur industrial development (watch, runtime: 16:17).

Meanwhile, the Social Solidarity Committee will be reviewing laws on labor, social welfare, personal status, committee member Mohamed Abo Hamed told Al Hayah fi Masr (watch, runtime: 5:48).

Public Enterprises Minister Hisham Tawfik met with German and Italian business delegations yesterday, he told Yahduth fi Masr’s Sherif Amer. The ministry is looking for partners to either consult on or collaborate in the development of state-owned companies, he added noting that talks with the Italian delegation focused mostly on opportunities in spinning and weaving. Tawfik also said that the government is working on steering some 25 companies out of loss territory (watch, runtime: 7:05).

Hona Al Asema did not air last night.

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