Back to the complete issue
Monday, 16 December 2019

World Youth Forum, Central Bank of Egypt’s tourism support initiative on last night’s talk shows

The World Youth Forum was once again in the spotlight on last night’s talk shows as the nation’s talking heads recapped the event’s second day.

Al Kahera Alaan’s Lamees El Hadidi was the sole talking head to take note of the CBE’s EGP 50 bn tourism support initiative and phoned Egyptian Travel Agencies Association boss Hossam El Shaer for his two cents. El Shaer outlined the broad strokes of the initiative (which we break down in detail in this morning’s Speed Round, below) and said that the financing program will breathe new life into Egypt’s tourism sector. He noted that hotels and tourism fleets are in dire need of development and the CBE’s initiative will make these developments more feasible (watch, runtime: 6:40).

Lamees also paid special attention to President Abdel Fattah El Sisi’s remarks at the World Youth Forum’s international peace and security session, in which the president touched on the importance of a coordinated international effort to combat terrorism, as well as the ongoing political transition in Libya (watch, runtime: 14:26). Also taking note were Al Hayah Al Youm’s Lobna Assal (watch, runtime: 4:56), Masaa DMC’s Eman El Hosary (watch, runtime: 5:11), Min Masr’s Amr Khalil (watch, runtime: 1:57), and El Hekaya’s Amr Adib (watch, runtime: 7:57).

Min Masr’s Amr Khalil hosted a series of interviews on the sidelines of the event, including with CIT Minister Amr Talaat, who discussed the importance of the government’s digitization drive in monitoring government performance and providing citizens with simplified and efficient services (watch, runtime: 3:16).

In a separate sit-down, World Bank Group Senior Vice President Mahmoud Mohieldin told Khalil that Egypt is outpacing its regional peers in terms of economic growth, but needs to focus on attracting investments to sustain growth levels. Mohieldin expected Egypt’s GDP to grow between 5 and 6% over the next two years (watch, runtime: 13:22).

Khalil also had a chat with FAO Director-General Qu Dongyu about the organization’s cooperation with Egypt to support food security and agricultural development by focusing on women and youth in rural areas (watch, runtime: 9:21).

Libya and Turkey’s recently-signed maritime border demarcation agreement was the topic of a lengthy discussion between Lamees and Nasser Military Academy advisor Major Gen. Mahmoud Khalaf, who said that Tripoli-based Prime Minister Fayez Al-Serraj is angling for a piece of the Mediterranean gas pie through the agreement. Khalaf schooled Lamees’ viewers on the basics of international maritime law to stress that the agreement is illegitimate since it includes two countries whose coastlines are not directly across from each other, and fails to include other neighboring states (watch, runtime: 29:53).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.