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Thursday, 17 October 2019

Madbouly’s visit to the IMF, World Bank meetings continues, EGP looking up

Mr. Madbouly goes to Washington: Prime Minister Mostafa Madbouly’s trip to Washington got headline treatment on the airwaves last night, with Masaa DMC and Al Hayah Al Youm both pointing out that the PM met with a number of high-profile US officials and heads of key global organizations on the sidelines of the annual IMF and World Bank meetings (watch, runtime: 01:51), (watch, runtime: 03:19) and (watch, runtime: 01:11). We have chapter and verse in this morning’s Speed Round, below.

The EGP is still killing it: The EGP changing hands at 16.28 against the greenback yesterday, up from about 18.00 exactly a year ago, Al Hayah Al Youm’s Khaled Abu Bakr said, predicting that inflation would continue to fall as a result (watch, runtime: 02:36). We can’t help but run a small Abu Bakr fact-check here though: He claimed that this was the first time the EGP had traded as high as 16.28 against the USD since 2016, when actually the currency rose to 15.84 in February 2017.

Yahduth Fi Misr went in hard on the GERD conspiracy theories: Political analyst told Sherif Amer that there are dark forces working to undermine Egypt in the negotiations over the Grand Ethiopian Renaissance Dam, (watch, runtime: 01:17). “It’s an attempt to strangle Egypt. Ethiopia is not alone in this; there’s a strong force behind it,” El Feky claimed.

The discovery of at least 20 ancient wooden coffins in Luxor, which we noted yesterday, was also among topics brought up on Masaa DMC’s Ramy Radwan’s show (watch, runtime: 02:45).

Finally, Mo Salah’s adorable celebration of his five-year-old daughter, Makkah, also earned some airtime with Abu Bakr (watch, runtime: 03:18).

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