El Sisi inaugurates new national projects, IMF’s Egypt growth projections
President Abdel Fattah El Sisi’s inauguration yesterday of national projects east of the Suez Canal was in the limelight on last night’s talk shows. The projects inaugurated yesterday included tunnels running under the canal, New Ismailia City, a new agricultural drainage treatment plant constructed by Hassan Allam and Metito and a floating bridge in Ismailia, among several others, Al Hayah Al Youm’s Hossam Haddad said (watch, runtime: 3:40). Min Masr’s Amr Khalil (watch, runtime: 7:49) and Yahduth fi Misr’s Sherif Amer (watch, runtime: 5:01) also had coverage.
Masaa DMC’s Ramy Radwan took note of IMF projections that Egypt’s GDP growth will slow to 2% this year, but will remain the only country in the MENA region to avoid a contraction watch, runtime: 2:55). We covered the report in depth last week.
New withdrawal caps for Ramadan: Federation of Egyptian Banks head Mohamed El Etreby had a chat with Sherif Amer to explain the Central Bank of Egypt’s decision to raise the limits on daily in-bank and ATM withdrawals, which we take note of in What We’re Tracking Today, above (watch, runtime: 3:06).