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Wednesday, 16 October 2019

El Sisi meets Toyota boss, Egyptian investors

Toyota, the IMF, and an overpaid office boy all received attention from the nation’s talking heads last night.

President Abdel Fattah El Sisi met with Toyota Tsusho CEO Ichiro Kashitani yesterday to talk about the company’s future investment plans, Al Hayah Al Youm’s Khaled Abu Bakr said (watch, runtime: 01:15). The meeting also earned some airtime with DMC’s Ramy Radwan (watch, runtime: 03:40).

El Sisi also met with Egyptian expat investors on the sidelines of the ‘Egypt Can’ conference that wraps up today, Radwan (watch, runtime: 01:30) and Abu Bakr noted (watch, runtime: 03:14). El Sisi pledged to maintain communication with Egyptian investors living abroad in an effort to encourage them to invest in their home country (watch, runtime: 01:48).

PM Moustafa Madbouly met with IMF boss Kristalina Georgieva on the sidelines of the IMF and World Bank annual meetings in Washington, DC, yesterday (watch, runtime: 03:25) and (watch, runtime: 10:05). We have all the news from the second day of the meetings in this morning’s Speed Round, below.

Corruption at public sector companies? Abu Bakr drew attention to a case in which an office boy was allegedly found to have been taking a salary of EGP 41k per month without breaching any laws (watch, runtime: 06:53). Public Enterprises Minister Hisham Tawfik made a mea culpa, saying that some state companies have made poor decisions that have also led to losses. Abu Bakr urged the House of Representatives to question Tawfik on the story.

Lebanon is burning. Wildfires that erupted in Lebanon on Monday were still burning in the early hours of Wednesday, Abu Bakr noted (watch, runtime: 03:12). Presidency Media Bureau Chief Rafic Shalala told Hona Al Asema’s Reham Ibrahim that rainfall from yesterday helped put some of the fires out (watch, runtime: 05:48). Meanwhile, Yahduth Fi Misr’s Sherif Amer phoned prominent Lebanese singer Ragheb Allama, who expressed his disappointment in the country’s political leadership (watch, runtime: 07:36).

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