Back to the complete issue
Wednesday, 2 November 2022

Last Night’s Talk Shows: COP27 preparations, the Arab League summit and the EGP float

It was a mixed bag on the talk shows yesterday, with the aftermath of Thursday’s EGP float, preparation for next week’s COP27 summit, and the Arab League summit in Algeria all getting lots of attention.

COP prep: Yesterday’s visit by Prime Minister Moustafa Madbouly to Sharm El Sheikh to inspect the final preparations for the COP27 summit was picked up by Masaa DMC (watch, runtime: 6:03), Al Hayah Al Youm (watch, runtime: 3:25) and others. In an interview on Kelma Akhira, Health Ministry spokesman Hossam Abdel Ghaffar assured that Egyptian emergency services are ready to respond to medical emergencies during the summit (watch, runtime: 2:19).

After the float: The EGP float has sent steel prices soaring by EGP 1.9k-EGP 2k per ton to an average selling price of EGP 19.5k per tonne, Ahmed El Zeiny, head of the Cairo Chamber of Commerce’s Building Materials Division, told Salet El Tahrir (watch, runtime: 7:40). Meanwhile, Lamees had her daily wrap-up on what happened with the EGP last day, noting that even though its decline against the greenback has slowed this could change in the days ahead (watch, runtime: 1:13).

In Algiers: President El Sisi’s schedule during the Arab Summit in Algeria got coverage, with Ittihadiya spokesperson Bassam Rady phoning in to Ala Mas’ouleety (watch, runtime: 9:51) to provide updates on El Sisi’s meeting with UN Chief António Guterres on COP27 preparations in Sharm and developments in the region, including the crisis in Libya. El Sisi’s schedule is also getting a mention from Al Hayah Al Youm (watch, runtime: 5:09). A no-show by nearly a third of Arab leaders for different reasons was noted by Kelma Akhira’s El Hadidi (watch, runtime: 5:29).

Also getting attention:

  • Public-sector bonuses: Yesterday’s House vote approving the disbursement of EGP 300 bonuses to public-sector employees and pensioners this month received attention from Al Hayah Al Youm (watch, runtime: 2:30).
  • 11/11: Ala Mas’ouleety’s Ahmed Moussa was ecstatic about a counter-hashtag on Twitter against 11/11 protests, excitedly telling viewers that it was top-trending in Egypt (watch, runtime: 1:02). Unfortunately, no-one thought to tell him about the hashtags that were trending just a few hours earlier.

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.