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Wednesday, 13 March 2019

The Japanese business delegation meet with PM Madbouly to talk investment

A visiting Japanese business delegation made the airwaves last night. Al Hayah Al Youm’s Khaled Abu Bakr said the delegation proposed to Egyptian officials, led by Prime Minister Moustafa Madbouly, potential moves to improve the country’s attractiveness as an investment destination (watch, runtime: 02:03). The delegation also highlighted obstacles that could potentially face Japanese investors in Egypt. Abu Bakr noted that Japanese and Egyptian business leaders will meet over the coming days.

Egypt’s recorded a primary budget surplus of EGP 4 bn last fiscal year, Abu Bakr quoted Finance Minister Mohamed Maait as saying (watch, runtime: 03:06). Maait also reportedly said the country will pay EGP 541 bn in interest on debt this year.

An Egyptian delegation is in France attending the MIPIM 2019 real estate exhibition in Cannes, which comes to an end Friday. Al Hayah Al Youm’s Lobna Assal said it is the first time for Egypt to attend the expo (watch, runtime: 02:37) and (watch, runtime: 05:04).

Meanwhile, Hona Al Asema’s Lama Gebril discussed a New York Times report published earlier this week on how new gas discoveries could help Egypt strengthen its geopolitical position (watch, runtime: 09:04).

Egypt needs to build around 500k housing units every year at varying prices to meet growing demand, Mortgage Finance Fund head Mai Abdel Hamid told Gebril in a segment that featured an in-depth report on the issue (watch, runtime: 33:53).

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