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Thursday, 5 September 2019

No particular theme dominates Egypt’s talk shows

No particular topic dominated the airwaves last night, leaving the talking heads to keep themselves busy with an assortment of issues.

New digital platform for land allocation to be launched soon: Masaa DMC’s Ramy Radwan highlighted a Cabinet statement that it will launch soon a new online portal to submit industrial land allocation requests (watch, runtime: 2:02). We have more in this morning’s Speed Round below.

Gov’t establishes legal committee to look into imposing beach tax: The government has set up a committee to study the legal implications and determine a mechanism to collect the recently imposed tax to use beach, Yahduth Fi Misr’s Sherif Amer reports (watch, runtime: 1:49). If the study determines that the state has the right to impose the fees, the committee would determine their value and the authority tasked with collecting them. This came after reports emerged earlier this week that some investors reached out against a request by the South Sinai governor of payments of EGP 150 on every sqm of beach space.

Gold still on the rise: Gold prices increased by some EGP 2 after three consecutive days of gains, Amer said (watch, runtime: 1:09). Global gold indices have been on the rise as the demand for “safe haven” assets ramps up on the back of the US-China trade war.

Ruth Michaelson’s piece for the Guardian on the Grand Egyptian Museum earned some airtime on Masaa DMC (watch, runtime: 3:29). Local critics see the USD 1 bn plan as “a vanity project” carried over from the Mubarak-era, writes Michaelson. The government, however, remains optimistic that “the fanfare” will overshadow last month’s deadly car bombing in Cairo and other security concerns. We note the article in Egypt in the News, below.

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