Back to the complete issue
Thursday, 1 September 2022

New social support measures + higher wheat prices for local farmers next year

Making headlines on the airwaves last night: Yesterday’s expansion of social protection measures announced got coverage from Masaa DMC (watch, runtime: 8:42) and Al Hayah Al Youm (watch, runtime: 3:12). The increase in allocations to subsidy cards will cost the government an additional EGP 12 bn annually, Essam Khalil, head of the Free Egyptians Party, told Masaa DMC. Social Solidarity Minister Nevine El Qabbaj also phoned into Salet El Tahrir (watch, runtime: 3:47 | 3:51) to give a rundown of the social security measures coming into effect as of today, as well as some stats on the Takaful and Karama social security program. We have more on the new measures in this morning’s What We’re Tracking Today section, above.

Also getting attention: The government’s improved offer for local wheat next year got a lot of praise from agriculture players. Salet El Tahrir (watch, runtime: 4:15), Hayah Al Youm (watch, runtime: 6:23) and Masaa DMC (watch, runtime: 6:27) all had coverage. We have the details in Also on our Radar, below.

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.