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Thursday, 4 August 2022

Last Night’s Talk Shows: Talking heads discuss food prices + Suez Canal revenues

The latest from President El Sisi led the conversation on the airwaves last night: The president has instructed the government to make available another EGP 1 bn to the National Alliance for Civil Development Work (NACDW) — an alliance of civil society organizations and associations launched this year to help address the needs of different communities. This would raise total government funding for the NACDW to EGP 10 bn. This came from Talaat Abdel Kawy, head of the general federation of NGOs and associations, who joined Masaa DMC’s Ramy Radwan last night (watch, runtime: 7:20). Meanwhile, El Sisi also called for the Transport Ministry to increase its usage of local components by partnering up with the private sector. This got plenty of attention from the talking heads last night, including from Sada El Balad (watch, runtime: 1:57) and Al Hayah Al Youm (watch, runtime: 3:10).

Are food price pressures easing? An increase in the supply of chickens and eggs has helped cool prices from recent highs that reached EGP 70-80 in July. A carton of eggs now sells at EGP 65 and 1kg of chicken costs around EGP 35, a senior official at the Egyptian Poultry Association told Sada El Balad (watch, runtime: 4:48).

Also on the airwaves last night:

  • The Suez Canal Authority wants to boost its annual revenues to USD 8 bn amid plans to raise the number of ships crossing the canal. This comes after the authority announced that revenues jumped 32% in July to a record high of USD 704 mn. (Mehwar TV | watch, runtime: 6:06)
  • Dozens of injured Libyans arrived in Egypt for medical treatment yesterday after planes were sent to rescue them following a fuel tanker explosion. (Extra News | watch, runtime: 3:08)

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