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Tuesday, 7 June 2022

Last Night’s Talk Shows: The big privatization meeting

Leading the airwaves yesterday was the bumper Madbouly privatization meeting: Topping the economy / business news on the airwaves last night was Prime Minister Mostafa Madbouly’s briefing to cabinet ministers, where he assigned out tasks to help push forward the administration’s privatization plan. Al Hayah Al Youm (watch, runtime: 4:19) had the details — as do we, in our Privatization Watch section, above.

A tug of war over extension of anti-dumping duties: It was metallurgical industries vs real estate developers on Kelma Akhira (watch, runtime: 12:26), which discussed a recent decision (pdf) by the Trade and Industry Ministry to extend anti-dumping duties on Chinese, Ukrainian and Turkish steel imports for another year. Steel manufacturers backed the decision, which would bolster the industry amid the fallout of war in Ukraine, said Mohamed Hanafy, the head of the metallurgical division of the Federation of Egyptian Industries (FEI). But Tarek Shoukry, head of the FEI’s real estate division, said “accessibility to other markets where steel prices are cheaper or more balanced would create fair competition,” adding that high prices would harm his sector.

ALSO- Citizens can pay their electricity bills online by scanning a barcode on the traditional energy bill slip, Electricity Ministry spokesman Ayman Hamza told Salet El Tahrir (watch, runtime: 5:43).

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