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Tuesday, 17 September 2019

No particular theme dominates an eventful night on Egypt’s airwaves

It was another mixed bag of nuts on an eventful night on the nation’s airwaves, keeping the talking heads chattering away.

Egypt’s trade balance improved in 1H2019 as the value of exports climbed 2% y-o-y to USD 15.3 bn, up from USD 15 bn in 1H2018, Al Hayah Al Youm’s Khaled Abu Bakr reported, citing an infographic recently released by the Cabinet Information and Decision Support Center (watch, runtime: 1:53). Exports increased 32.7% y-o-y by 2018-end, the infographic shows.

Insurance Act could introduce prenup-style insurance payment: The new Insurance Act could require men to pay “insurance” when getting married alongside all the regular fees that are paid to receive a marriage license, Financial Regulatory Authority (FRA) deputy head Reda Abdel Moaty told TenTv. The exact amount that would be imposed is still under study, but would be a set fee that would not change according to the couple’s income, dowry, or any other factors. If approved, this stipulation would automatically grant women access to the sum as soon as her husband legally files for divorce, and would not require a court order. The idea is to provide freshly divorced women with financial support until the legal process of finalizing the divorce settlement — including receiving alimony — is complete (watch, runtime: 5:10).

Aramco attack hits both crude, gold prices: After causing crude indices to post unheard-of gains, the attack on Saudi Aramco’s oil plants has had a similar effect on gold prices, causing them to rebound after falling in response to the prospect of a cooling US-China trade war, deputy head of the gold division at the Federation of Egyptian Chambers of Commerce Ehab Wassef said in a phone call with Hona Al Asema’s Reham Ibrahim (watch, runtime: 6:26).

Luxor boasts third highest number of tourist air balloons: Masaa DMC’s Eman El Hosary took note of Luxor recording the third-highest number of hot air balloons in the world (watch, runtime: 3:31). We have the story in Tourism, below.

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