Last Night’s Talk Shows: El Sisi + MBZ talks make headlines on the airwaves
El Sisi and MBZ’s sit-down yesterday dominated the airwaves: UAE President Sheikh Mohammed bin Zayed Al Nahyan’s arrival in New Alamein yesterday for a regional summit with Bahrain, Jordan, and Iraq, and his sit-down with President Abdel Fattah El Sisi, got coverage from Ala Mas’ouleety (watch, runtime: 4:21; 3:39), Al Hayah Al Youm (watch, runtime: 4:03; 7:02), and Masaa DMC (watch, runtime: 1:27). Check out What We’re Tracking Today, above, where we preview the meeting.
Car dealers can finally breathe a (small) sigh of relief: All of the cars marooned in Egypt’s ports for the past five months by the central bank’s new import requirements have now been released, Khaled Saad, the head of the Egyptian Association of Automobile Manufacturers and the managing director of Brilliance Bavarian Auto, told Salet El Tahrir (watch, runtime: 8:38). Local car dealers have faced challenges in recent months getting vehicles into the country, after a change in rules that required them to get letters of credit (L/Cs) in order to purchase non-essential goods.
But this does not really offer reprieve to the automotive industry: The cars released are just enough for deliveries to the people that have already ordered their vehicles, but not for the general market, Saad said. Car prices have risen 25-30% since March due to inflationary pressures and the EGP devaluation, Saad said, though the price increases will not be retroactively applied to cars ordered before 12 April, under directives from the Consumer Protection Agency.