Back to the complete issue
Wednesday, 8 January 2020

Last night’s talk shows for Wednesday, 8 January 2020

Business and economic news took a backseat on the airwaves last night as the talking heads focused their attention on the deteriorating situation in Libya and Iraq.

The commodities exchange got top billing on the econ side of things: EGX Chairman Mohamed Farid told Al Hayah Al Youm’s Lobna Assal that the new commodities exchange approved by cabinet yesterday will not act as a pricing authority, but will allow the market, through the supply and demand mechanism, to set more reasonable and transparent prices (watch, runtime: 6:46). Masaa DMC’s Ramy Radwan also covered the story (watch, runtime: 2:48). We have more on the commodities exchange in this morning’s Speed Round below.

Al Hayah Al Youm want us to get behind the Libyan National Army: Gen. Khalifa Haftar’s Egypt-backed LNA have seized control of the Libyan port town of Sirte, LNA spokesperson Khaled Al Mahjoub told Lobna Assal (watch, runtime: 12:26). Al Mahjoub claimed that Haftar’s forces took the city in just three hours, capturing 17 Turkish armored vehicles in the process. Turkey has begun deploying troops in the country in support of the UN-backed government of Fayez Al Serraj. Again, we have more on this in this morning’s Speed Round, below.

EgyptAir suspends flights to Baghdad as US-Iran tensions rise: Yahduth Fi Misr’s Sherif Amer highlighted EgyptAir’s announcement of a three-day flight suspension to Baghdad airport due to security concerns. The decision will take effect today and will last until 10 January or until security conditions improve, the Civil Aviation Ministry has said (watch, runtime: 1:14).

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.