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Sunday, 29 January 2023

Imports backlog at ports is no more, says Madbouly

Imports and India were the big business stories on last night’s talk shows. Prime Minister Moustafa Madbouly announced that the imports backlog at ports has been cleared, and President Abdel Fattah El Sisi’s tour to India, Azerbaijan, and today Armenia got top billing from the talking heads. S&P Global’s affirmation of our credit rating and Reuters’ optimistic poll on economic growth (we have more on both above in the newswell, under Economy) also got coverage. (Ala Mas’ouleety, watch, runtime: 5:28 | Masa’a DMC, watch, runtime: 5:24)

The backlog of imported goods at our ports has been cleared, Prime Minister Moustafa Madbouly told reporters yesterday (watch, runtime: 9:25). “We’re back to levels before February [2022] … before the crisis began. Average goods at ports nationwide amount to the traditional average [in the] days and months before the crisis,” Madbouly said. Factories nationwide are now operating at full capacity and have reserves of raw materials sufficient for one to two months, Madbouly added.

The end of the backlog should herald a gradual decline in prices, Cabinet Spokesperson Nader Saad said in a phone call to Masaa DMC (watch, runtime: 4:50.) The PM’s statements on the end of the backlog also got coverage from Ala Mas’ouleety (watch, runtime: 6:37).

President Abdel Fattah El Sisi yesterday landed in Armenia, making him the first Egyptian leader to visit the country since its independence from the Soviet Union. El Sisi arrived in the capital Yerevan following visits to India and Azerbaijan (more on that in our Diplomacy section, above.) The trip got coverage from Ala Ma’ouleety (watch, runtime: 12:48), Masa’a DMC (watch, runtime: 6:01), Kelma Akhira (watch, runtime: 1:25), and Al Hayah Al Youm (watch, runtime: 1:46.)

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