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Monday, 29 July 2019

Investment zones, youth forum, Egypt’s green card luck get attention on airwaves

The nation’s talking heads had plenty to chatter about, albeit mostly non-business news.

The Let it Rust campaign has pushed car prices down some 30% or EGP 50-150k since the campaign began, campaign spokesperson Mohamed Shetta told El Hekaya’s Amr Adib on Saturday. The boycott campaign, coupled with the strengthening of the EGP against the USD, were both significant factors in the price drop, Shetta added (watch, runtime: 5:18).

Our green card luck has Amr Adib scratching his head. Egyptians apparently topped the list of citizens randomly awarded US green cards for two years in a row, Adib said (watch, runtime: 3:49). Green card recipients were selected last year via the standard lottery-style randomized computer drawing from over 14 mn qualified entries received during a 34-day application window. Egyptian and Russian nationals were awarded the most green cards in this year’s random lottery, says the Miami Herald.

Sofitel Legend Old Cataract Aswan made it to eighth place in Travelandleisure magazine’s recent update of the Top 25 Hotel Brands in the World, Adib proudly reported (watch, runtime: 4:43). The host highly recommends spending time at the hotel with your loved ones during the winter season.

Also earning some airtime yesterday:

  • Investment zones: Prime Minister Moustafa Madbouly and Investment Minister Sahar Nasr talked about ongoing plans to set up special economic zones across the country, noted Al Hayah Al Youm’s Khaled Abu Bakr (watch, runtime: 1:03).
  • National youth conference: Abu Bakr also picked up on the National Youth Conference that kicks off tomorrow, with the usual preface of the youth being given the chance to submit their questions to President Abdel Fattah El Sisi (watch, runtime: 6:03).
  • Early payday for bureaucrats: Masaa DMC’s Eman El Hosary noted that the Finance Ministry will pay state employees early this August ahead of the Eid El Adha break (watch, runtime: 1:08).

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