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Wednesday, 30 January 2019

Egypt’s econ agreements with France dominate airwaves

Egypt’s econ cooperation with France dominated the airwaves last night. Finance Minister Mohamed Maait gave Al Hayah Al Youm’s Khaled Abu Bakr the lowdown on the agreements signed between the two countries in several fields during French President Emmanuel Macron’s visit (watch, runtime: 04:37). Abu Bakr also noted Orange’s intentions to step up cooperation with Egypt (watch, runtime: 02:56). We have more on Macron’s visit and the slew of agreements in this morning’s Speed Round, below.

Economic relations with France have only improved over the years, French Chamber of Commerce in Egypt General Manager Hossam Benham told Masaa DMC’s Osama Kamal (watch, runtime: 02:57). Benham said exports to France have gone up and hopes are high for other potential windows for growth, but challenges remain, including instability and bureaucracy (watch, runtime: 04:55).

We should expect human rights to keep coming up with European visits, Abu Bakr said,urging the Interior Ministry to make public the reasons certain bloggers have been arrested or detained to show Egypt is just applying the law (watch, runtime: 04:34).

A surge in appetite among foreign investors in Egyptian treasury bonds amid a sudden appreciation in the EGP also earned airtime last night (watch, runtime: 7:29 and runtime: 5:29). We also have everything you need to know about this in Speed Round.

A slowdown in automotive sales continues in light of recent decisions, including scrapping a discounted customs rate, head of the automotive division at the Federation of Egyptian Chambers of Commerce, Omar Balbaa, said (watch, runtime: 02:43). The topic earned some airtime on Yahduth fi Masr as well (watch, runtime: 02:55).

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