Back to the complete issue
Tuesday, 4 January 2022

Last Night’s Talk Shows: Pundits react to record export revenues, transport minister talks train tix, light rail

Leading coverage on the nation’s talk shows last night: last year’s record export revenues. The announcement by Prime Minister Moustafa Madbouly on Sunday that Egypt’s export revenues reached a record high of USD 31 bn in 2021 earned attention from most of the talking heads last night. El Hekaya (watch, runtime: 2:56), Masaa DMC (watch, runtime: 1:04) and Al Hayah Al Youm (watch, runtime: 5:35) all had coverage.

Transport Minister Kamel El Wazir phoned in to Ala Mas’ouleety for an extended interview with show host Ahmed Moussa to provide updates on some of the government's transport projects (watch, runtime: 1:16:15). Here are the highlights:

Train ticket prices rising? The ministry is considering hiking train fares and is currently holding public consultations on the matter, El Wazir said (watch, runtime: 5:52). The minister didn’t disclose how much ticket prices could rise, but said that any changes may not be introduced until the new fiscal year, which starts on 1 July.

Light rail to open in the next six months: The light rail line connecting Salam City to 10th of Ramadan via the new capital will open to the public by the end of 2Q2022, El Wazir said. Construction work on the stations has been completed and trial operations have begun, he said. The line was originally expected to be operational this month.

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.