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Tuesday, 3 September 2019

No particular theme driving the conversation on Egypt’s airwaves last night

It was a mixed bag of nuts on the airwaves last night, with no particular topic dominating the conversation. Discussions of the new floating customs exchange rate, automotive sales, and a new presidential health initiative all got some airtime.

El Hekaya’s Amr Adib phoned advisor to the finance minister for customs affairs Magdy Abdel Aziz for his two cents about the ministry’s recent decision to float the customs exchange rate. The customs exchange rate was previously fixed at EGP 16 / USD 1 as a measure to ensure access to strategic goods and manufacturing raw materials and reduce the tax burden, and the recent EGP appreciation means that importers will not feel a significant difference, Abdel Aziz told Adib (watch, runtime: 4:26). We have more on this in Speed Round, below.

2020 could see a rebound in car sales, car expert says: Next year could witness an increase in automotive sales in Egypt as consumers’ purchasing power recovers and with the improvement of road networks, deputy head of the automotive division at the Federation of Egyptian Chambers of Commerce Ehab El Mosallamy tells Adib. El Mosallamy also expects car prices to inch up a little in the next period on the back of the floating customs exchange rate (watch, runtime: 5:51).

El Sisi launches initiative to treat infant hearing impairment: Mothers are lining up to conduct hearing tests for newborns as part of a presidential initiative to detect and treat hearing loss in newborns, Hona Al Asema’s Lama Gebril reports (watch, runtime: 1:03).

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