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Sunday, 7 July 2019

Another mixed bag of nuts on Egypt’s airwaves

The airwaves gave us a mixed bag of nuts last night, with no single topic reigning supreme.

End of fiscal year report: Al Hayah Al Youm’s Lobna Assal took note of President Abdel Fattah El Sisi’s meeting with Prime Minister Moustafa Madbouly and Finance Minister Mohamed Maait to recap the country’s economic performance in FY2018-2019. The preliminary indicators “are reflective of great improvement on a number of levels,” Assal noted (watch, runtime: 4:30). We have the full story in Speed Round, below

Fresh Saudi investment: Saudi’s Andalusia Group’s plan to build two new hospitals in Cairo and Giza at a cost of EGP 1 bn also came up on Al Hayah Al Youm (watch, runtime: 2:51). We have the full story in Speed Round, below.

ITFC celebrates USD 1.13 bn trade finance agreement with Egypt: The International Islamic Trade Finance Corporation celebrated yesterday an agreement with the government to unlock USD 1.13 bn in financing for basic goods, foodstuffs, petroleum, and energy commodities, Hona Al Asema’s Lama Gebril reported. The proceeds also include funding for several projects and programs to train youth and women (watch, runtime: 4:17).

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