‘Ala Mas’ouleety host Ahmed Moussa had the floor to himself last night, airing interviews with central bank deputy governor Ramy Aboul Naga and Transport Minister Kamel El Wazir.

Foreign investors have pulled USD 17 bn out of Egypt since the beginning of the covid-19 crisis in March, CBE Deputy Governor Ramy Aboul Naga told Moussa last night. Capital flight peaked in March before easing in April, he said. Aboul Naga reassured that the country has enough reserves and cash on hand to meet its import needs for the next seven months. Egypt’s foreign reserves have fallen by USD 8.5 bn over the past two months as the CBE responded to the accelerating portfolio outflows, made debt repayments and bought strategic goods. Watch the full interview here: (watch, runtime: 46:50)

Delivery of Russian railcars faces delays due to covid -El Wazir: Egypt will not receive the first batch of railcars from Russian manufacturer Transmashholding before 30 June due to disruption caused by the pandemic, Transport Minister Kamel El Wazir told Moussa last night. The government was expecting to receive 100 units before the end of next month, the minister said, before suggesting that 34 might arrive “soon.”

Transport Ministry to set up new factory in Port Said: The ministry will work with international companies to establish a new factory in Port Said that will manufacture primarily electric and monorail train cars and spare parts for the nation’s railways and metro lines. Check the full interview here: (watch, runtime: 58:18)