Back to the complete issue
Thursday, 11 July 2019

Inflation, bread subsidies, diplomacy with Africa get airtime on Egypt’s airwaves

Yesterday’s release of lower-than-expected inflation figures was among the highlights on the airwaves last night, which were otherwise relatively bland.

Yahduth fi Masr’s Sherif Amer gave us a blow-by-blow of Capmas’ report on June’s inflation figures, which were driven down by a drop in most foodstuff, particularly vegetables. Some food items, including seafood and fruits, saw their prices rise during the month, Amer noted (watch, runtime: 1:57). We have the full story in Speed Round, below.

Supply Ali El Moselhy reassured the public that there will be no increases in the prices of subsidized bread and basic commodities despite this month’s fuel subsidy cuts, Amer also reported (watch, runtime: 2:13).

El Sisi’s African diplomacy still going strong: Al Hayah Al Youm’s Khaled Abu Bakr kept himself busy with President Abdel Fattah El Sisi’s bilateral discussions with Tanzanian Prime Minister Kassim Majaliwa (watch, runtime: 2:51). The meeting comes after El Sisi chaired on Sunday a two-day summit in Niger to launch the African Continental Trade Area (AfCFTA)

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.