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Wednesday, 18 May 2022

The state privatization agenda dominates the airwaves

The government’s privatization drive got top billing on the airwaves again last night after local media got a hold of a draft document laying out its roadmap to increase private sector involvement in the economy. Kelma Akhira’s Lamis El Hadidi (watch, runtime: 2:33) and Masa’a DMC’s Ramy Radwan (watch, runtime: 10:44) both covered the story.

The transport minister gave more details on the mooted listing of Egyptian ports on the EGX: Ports in Alexandria, Damietta, East and West Port Said, Adabiya, Sokhna and Safaga will be merged into the holding company announced by the PM last week, before it is floated on the EGX, Kamel El Wazir to Ala Mas’ouleety’s Ahmed Moussa (watch, runtime: 3:10).

Also getting a mention: Cooking oil prices have risen by almost 25% since 15 May due to soaring production costs on the back of the war in Ukraine and pandemic-related supply chain disruptions, Karim Baraka, a member of the Food Export Council, told El Hadidi (watch, runtime: 4:41)

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