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Monday, 30 August 2021

Last Night’s Talk Shows: Fraudsters arrested + First phase of public university enrollment concludes

The big business-relevant story on the airwaves last night was the arrest of a criminal gang charged with bilking some EGP 2mn from citizens in a bank fraud scam that made headlines last week. Fraudsters had falsely posed as bank staff and tricked clients into divulging sensitive information over the phone, including PINs and passwords, under the pretense that the information would be used to transfer a sum the clients had won in a randomised lottery. The fraudsters then used the accounts to purchase online gaming tokens, which they then resold, pocketing the sums in their digital wallets.

The nation’s banks have this month been calling on clients to not disclose any banking sign-in details with anyone, with state-owned Banque Misr saying last week that 13 incidents of fraud had been detected. Al Hayah Al Youm (watch, runtime: 5:50) and Ala Mas’ouleety (watch, runtime: 4:24) are among those who had coverage.

Also in the limelight on last night’s talk shows: The first batch of incoming first year university students learned yesterday whether they would get their desired undergraduate majors. And it looks like it will be easier to get into the faculties of their choice, with the cutoff for admission to medical school (a perennial indicator of grade inflation in Thanaweya Amma) falling to 92% this year. It’s the first time in decades that the grade cut-off for admission to a number of “prestige” faculties has declined and comes as pass rate for thanaweya amma fell to 74% in the school year just ended from nearly 82% a year ago. Masaa DMC (watch, runtime: 22:25) and Al Hayah Al Youm (watch, runtime: 13:13) also had coverage. The second phase of admissions is still ongoing and high-school graduates can apply online here.

MEANWHILE- At least 11 people died, and 50 others went missing after a boat carrying young Egyptian and African men that had been trying to reach Europe capsized this week in the Mediterranean off of the Libyan coast. Families of some of the Egyptian men still unaccounted for — who mostly hail from the Talbana village in Dakahlia — were reportedly contacted by the kidnappers and asked to pay ransom for their release. Al Hayah Al Youm (watch, runtime: 10:44), Masaa DMC (watch, runtime: 15:42) and Ala Mas’ouleety (watch, runtime: 14:11) all took note of the tragic accident.

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