Back to the complete issue
Monday, 12 November 2018

Education Minister denies suggesting Egypt’s unpaid education system should be abolished

Education Minister Tarek Shawki blanketed the airwaves last night to dispel rumors that he had called for the abolishment of unpaid public education. According to the minister, he had told MPs during a closed-door meeting that the country’s education system is inherently flawed because it requires parents to spend large amounts of money on private lessons, which negates the benefits of providing schooling without charge. Shawki also stressed that his comments, which he said were taken out of context, were not meant to be on the record. He also phoned in to Masaa DMC and El Hekaya to say the same (watch, runtime: 9: 52) and (watch, runtime: 16:57).

Taxpayers have until the end of the day today to pay overdue taxes and be exempted from 90% of late fees, Tax Authority official Saeed Fouad told Al Hayah Al Youm. The authority is expecting to surpass the EGP 2 bn mark in tax collections today, according to Fouad (watch, runtime: 5:04). Taxpayers who miss today’s deadline will be required to pay a greater percentage of late fees, the authority’s Samy Al Awady told Hona Al Asema (watch, runtime: 6:24).

Cutting tariffs on European cars will not have a marked impact on automotive prices, head of the automotive division at the Federation of Egyptian Chambers of Commerce Omar Balbaa and former engineering industries division head Hamdy Abdel Aziz said on Hona Al Asema (watch, runtime: 14:14).

In other miscellany from last night’s talk shows: Al Hayah Al Youm’s Lobna Assal had a chat with Deputy Agriculture Minister Mona Mehrez about the ministry’s plans to increase the country’s production of foodstuffs to meet local demand and turn to exports (watch, runtime: 22:42), while El Hekaya’s Amr Adib discussed the performance of the real estate sector with Memaar Al Morshedy founder Mohamed Al Morshedy (watch, runtime: 4:51). Adib also directed his attention to the country’s waste management plans (watch, runtime: 6:20).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.