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Tuesday, 27 September 2022

Last Night’s Talk Shows: Fuel prices will likely rise again next month + the latest on the health ins. system

Expect fuel prices to rise as early as next week: That’s according to the former deputy chief of the Egyptian General Petroleum Corporation, Medhat Youssef, who told Al Hadath Al Youm that the government will likely hike prices for the final quarter in response to rising prices (watch, runtime: 3:52). “According to the automatic pricing of petroleum products based on the USD exchange rate and the global oil prices there must be an increase [in fuel prices],” he said.

Remember: Fuel prices have risen by 23-28% over the past 18 months. The government has hiked prices every quarter since 2Q 2021 in response to international oil prices, which surged earlier this year on the back of Russia’s invasion of Ukraine.

But Enterprise, haven’t oil prices fallen recently? Oil prices have indeed fallen back significantly in recent weeks as fears of recession have grown. Both Brent and US crude are now trading at their lowest levels since the beginning of the year, erasing all of the gains fuelled by the war in Ukraine, and then some.

The government will soon open parts of its universal health ins. scheme to the private sector, Health Minister Khaled Abdel Ghaffar told Kelma Akhira (watch, runtime: 3:31). The state will eventually expand its ins. offering to include intensive care, MRI and CT scans which will be impossible to achieve without the help of the, he said.

Sticking with healthcare: The Nasser Medical Institute will house the largest center for organ transplants in the MENA region in cooperation with an international partner. This comes as part of plans to renovate the facility. Meanwhile a presidential directive announced yesterday will see the construction of logistical facilities for storing medicines and medical supplies. Al Hayah Al Youm (watch, runtime: 3:38), Masaa DMC (watch, runtime: 3:53) and Ala Mas’ouleety (watch, runtime: 4:55 | 3:33) covered the news.

Egyptians continue to dominate the world of squash: Egyptian players cleaned up at the Egyptian Squash Open with Ali Farag and Hania El Hammamy, winning the men and women’s finals. The results shuffled the world squash rankings: There are six Egyptian women in the world top 10 and five Egyptian men in the top ten on the guys’ side of the rankings. Masaa DMC (watch, runtime: 3:30) covered the news.

Another 36 pre-trial detainees received a presidential pardon yesterday, Tarek El Kholy, a member of the Presidential Pardons Committee tells Al Hayah Al Youm (watch, runtime: 6:39). Al Hadath Al Youm also had the story (watch, runtime: 1:44).

CORRECTION- In yesterday’s talk shows rundown, we incorrectly summarized Finance Ministry advisor Mona Nasser’s comments on how the Finance Ministry sees the problems importers are currently facing. The entry has since been updated on our web edition.

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