Mixed bag of nuts on Egypt’s airwaves: Housing, Suez Canal, exports and EGP
It was a mixed bag of nuts on last night’s talk shows, which covered everything from record-high Suez Canal revenues to social housing projects and export growth.
SCZone revenues reach record high: Al Hayah Al Youm’s Lobna Assal was happy to report that the Suez Canal Economic Zone achieved record revenues for the second consecutive year (watch, runtime: 0:55). We have the story in this morning’s Speed Round, below.
Cabinet says growing exports, FDI made the EGP 2019’s second best currency: An increase in exports and higher FDI have prompted Bloomberg to rate the EGP as the world’s second-best performing currency in 2019, Assal said, noting that the news information service had flagged the EGP as the Middle East’s second-worst currency back in 2015 (watch, runtime: 2:28).
El Sisi, Madbouly, El Gazzar talk new cities: Masaa DMC’s Eman El Hosary took note of President Abdel Fattah El Sisi’s meeting with Prime Minister Moustafa Madbouly and Housing Minister Assem El Gazzar to discuss progress in building new cities, which El Sisi instructed them to expedite (watch, runtime: 3:40).
El Gazzar had a prolonged chat about “fourth generation cities” with El Hekaya’s Amr Adib, telling him that these developments are meant to support development throughout the entire country by boosting our competitiveness in attracting both local and foreign investment. The minister also discussed social housing, which is aimed at beneficiaries below the poverty line (watch, runtime: 26:25).