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Topping coverage of Egypt in the foreign press this morning is news that the country might exceed its USD 10 bn FDI target for the year. Other outlets are piggybacking on the news, first broken by Bloomberg after a chat with Investment Minister Sahar Nasr.
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Posted inEGYPT IN THE NEWS
Eritrean migrants “trapped” in Egypt as clampdown on illegal migration to Europe intensifies
A number of Eritreans are “trapped” in Cairo after Egypt cracked down on illegal migration to Europe, Eric Reidy writes for News Deeply. Since 2014, Eritreans looking for a route to Europe have started going through Egypt instead of Libya for safety concerns. With Egypt cracking down on illegal migration, “Eritreans who came to Egypt […]
Posted inEGYPT IN THE NEWS
Egypt’s disabled citizens are woefully lacking in services
Egypt’s disabled citizens are woefully lacking in services, according to an AFP piece picked up by Al-Monitor, which argues that the nation’s 14 mn people with disabilities are under-served by the state and civil society. “Most of them are staying at home, deprived of any services,” says Eglal Chenouda, director of the SETI Center — […]
Posted inOn Deadline
Rise in FX reserves must be scrutinized to determine just how positive it actually is
The jump in Egypt’s foreign reserves to record highs is all well and good, but what does it mean for the average citizen? That’s Emad El Din Hussein’s question in a column penned for Al Shorouk. First, he says, we must understand whether the increase reflects a healthy domestic economy or just an aggregation of […]
Posted inWorth watching
Sand is another crucial resource that is facing worldwide depletion
We’ve all heard of potential oil and waters wars, but could sand be included in that list? Sand — a crucial component of cement and concrete — is vital for the construction industry. But as human populations continue to migrate to cities and consumption reaching 40 bn tonnes annually, we now have to contend with […]
Posted inDiplomacy + Foreign Trade
Sameh Shoukry in Khartoum for bilateral talks despite flaring tensions
Foreign Minister Sameh Shoukry arrives in Khartoum for talks amid tense relations: Foreign Minister Sameh Shoukry arrived in Khartoum yesterday for meetings with his Sudanese counterpart Ibrahim Ghandour despite the flaring tensions between both countries over border and trade-related issues, according to the Associated Press. The officials are expected to discuss ways to strengthen bilateral […]
Posted inDiplomacy + Foreign Trade
Security cooperation agreement between Algeria and Egypt
Egypt and Algeria reached a security cooperation agreement that will see their respective interior ministries coordinate anti-terrorism efforts and share information, Foreign Minister Sameh Shoukry said on Wednesday. Both countries will form a joint committee to look into reforming the Arab League, Shoukry added following a meeting with his Algerian counterpart Abdelkader Messahel. Libya’s sovereignty […]
Posted inDiplomacy + Foreign Trade
Sisi to visit Macron in the fall and Macron to visit by end of year
President Abdel Fattah El Sisi and French President Emmanuel Macron will be exchanging visits this year with the former initiating in the fall, according to Al Shorouk. Macron’s visit should come before the end of the year, according to French Ambassador Stephane Romatet. The two presidents have recently spoken about resolutions to the conflict in […]
Posted inDiplomacy + Foreign Trade
Russia pushes for Egypt to sponsor Homs truce instead of Turkey
Russia is pushing for Egypt to sponsor a “de-escalation agreement” between rival factions in Syria’s Homs, driving Turkey out of the picture, Asharq Al-Awsat reports. Ankara is not taking the suggestion well, and 11 factions, including Ahrar al-Sham al-Islamiya and Jaish al-Izza also “expressed their reservations on the issue… [and] insisted that Turkey sponsor the […]
Posted inDiplomacy + Foreign Trade
Nasr orders the creation of freezone in Kafr El Sheikh
The Investment Ministry will set an industrial freezone next to the planned investment area in Kafr El Sheikh in order to attract new projects to the governorate, Minister Sahar Nasr announced. Nasr pointed out that the pre-planned coastal investment area will be developed at a cost of EGP 200 bn over 10k feddans, next to […]