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The House of Representatives’ ratification of the Tiran and Sanafir handover treaty is once again leading the conversation on Egypt in the foreign press this morning. The controversial pact, whose passage was announced “abruptly” by Parliamentary Speaker Ali Abdel Aal before discussions were concluded, could reignite rare protests in Egypt, Dahlia Kholaif writes for the […]
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Posted inEGYPT IN THE NEWS
Egypt’s future is in desalination, Werr writes
Egypt has been increasingly turning to desalination to meet pressing water needs, Patrick Werr writes in The National. He says desalination is becoming more attractive especially as Ethiopia begins filling the reservoir of the Grand Ethiopian Renaissance Dam that could reduce the flow of the Nile by as much as 20%. Werr says the option […]
Posted inEGYPT IN THE NEWS
EU should do away with narrow approach in dealing with Egypt -ECFR
The European Union should do away with its “narrow approach of working with Egypt only on areas of mutual interest,” Yasser El-Shimy and Anthony Dworkin write in a policy brief for the European Council on Foreign Affairs. They say the EU “should also promote the rule of law, economic opportunities, more effective security, and political […]
Posted inEGYPT IN THE NEWS
Other coverage in the international media
Other international news worth noting this morning in brief: NPR’s Jane Arraf reports on the Christian community in Minya for NPR’s Morning Edition. (runtime 4:33). A 32-year-old Egyptian who works at a petroleum company decided to start a beekeeping company at a farm in Beheira, saying that honey and bee production are safe investments in […]
Posted inWorth reading
China’s investments in Africa are a testing grounds for its emergence as superpower
China’s investment spree has turned Africa into a testing ground for its emergence as superpower, with the Chinese government taking the view that these investments would channel into geopolitical capital, writes David Pilling for the Financial Times. While this is nothing new, Pilling’s piece gets down to the nitty gritty of the investments and providing […]
Posted inDiplomacy + Foreign Trade
Too early to talk about reconciliation with Qatar, Egypt FM says
The time now is too early to talk about restoring ties with Qatar, Egyptian Foreign Minister Sameh Shoukry told the press on Wednesday, according to AMAY. The ban on Qatar will continue until the country “stops supporting terrorism,” Shoukry added, explaining that Egypt, Bahrain, the UAE, and Saudi Arabia are in constant talks to try […]
Posted inDiplomacy + Foreign Trade
Algeria, French FMs urge Libya armed factions to work for political solution
The Algerian and French Foreign Ministers urged Libya’s rival fighters to resort to a political solution, Reuters’ Hamid Ould Ahmed reports. French Foreign Minister Jean-Yves Le Drian was in Egypt last week for talks including on Libya. This came days after FM Sameh Shoukry had a tripartite meeting with his Algerian and Tunisian counterparts where […]
Posted inEnergy
MIDOR seeks USD 1.2 bn facility to fund expansion plans
Middle East Oil Refinery (MIDOR) renewed its request for a USD 1.2 bn loan from a banking consortium including Italian bank Cassa Depositi e Prestiti (CDP), BNP Paribas and Crédit Agricole, a source tells Al Mal. The loan is set to finance expansion plans for its refineries, as it wants to bring its refining capacity […]
Posted inManufacturing
KIMA exports up by 130% by end of May since the start of FY 2016-17
The Egyptian Chemical Industries (KIMA) announced its exports increased by 130% by the end of May, compared with 1 July last year. KIMA’s revenues doubled, reaching EGP 562 mn driven by the surge in exports. Net profit recorded EGP 262 mn by end of May, the company said. KIMA also announced that 55% of its […]
Posted inHealth + Education
Health Ministry plans to import 200K packs of hep C treatment Harvoni
The Health Ministry is planning to import 200k packs of Hepatitis C treatment Harvoni through a tender, whose results will be announced next week, Al Borsa reports. The ministry has reportedly only received two offers in the tender, which it issued earlier this month. Sources tell the newspaper that the ministry expects to pay EGP […]