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The looming threat of terrorism is bringing Hamas and Egypt closer together, argues Reuven Berko for Israel Hayoum. Egypt sees Hamas could be a useful ally in fighting Daesh as Hamas is now starting to see hardline terrorists as a threat after losing members that have joined Daeshbags fighting in Sinai.
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Posted inEGYPT IN THE NEWS
Other coverage of Egypt in the international press included
Also worth noting this morning if you have a moment: Some in Egypt’s Christian community are concerned that US President Donald Trump has made an exception in his refugee ban for minorities in Muslim-majority countries, Al-Bawaba reports. Nigeria could remedy its budget deficit and encourage foreign currency inflows if it were to adopt “Egypt-style” reform […]
Posted inOn Deadline
Comparing Egypt and Morocco’s experiences with poverty
Egypt could learn a thing or two from Morocco’s (successful) experience with combating poverty: In 1984, Morocco was in the midst of an economic crisis, complete with a budget deficit, dwindling foreign reserves, and a weak currency, but managed to turn the situation around by correctly managing its resources and relying on sustainable development, Hany […]
Posted inDiplomacy + Foreign Trade
Is Egypt in the midst of its own little trade war with Sudan?
Is Egypt in the midst of its own little trade war with Sudan? The rhetoric from the Egyptian government would imply that, at the very least, there is major discord between the two due to what it claims is Sudan’s “stringent restrictions” and “violations of regional trade agreements.” Yesterday, the head of the Trade and […]
Posted inDiplomacy + Foreign Trade
Egypt to resume talks with EAEU over free trade zones next month
The Trade Ministry will be resuming free-trade talks with the Eurasian Economic Union (EAEU) in March, Al Borsa says. The Russia-backed EAEU had agreed in December to start negotiations over the creation of free trade zones with Egypt, Iran, India, and Singapore.
Posted inDiplomacy + Foreign Trade
House approves AfDB loan
AfDB loan approval: The House of Representatives’ legislative committee approved yesterday the USD 1.5 bn AfDB loan, Al Shorouk reports.
Posted inDiplomacy + Foreign Trade
Egyptian-Turkish business forum calls for boosting economic ties
An Egyptian-Turkish business forum voiced its hope for improving relations between Ankara and Cairo, Anadolu Agency reported. Rifat Hisarciklioglu, president of the Union of Chambers and Commodity Exchanges of Turkey, was in Egypt for a forum organized by the Federation of Egyptian Chambers of Commerce. “We want to increase [Turkish] investment and exports to Egypt […]
Posted inEnergy
Kuwait doubles crude stored in Egypt
Kuwait has reportedly doubled the monthly amounts of crude to be stored in Egypt to 4 mn bbl, Al Masry Al Youm reported. The Kuwait Petroleum Corporation renewed its contract this month with SUMED to strengthen its presence in Mediterranean countries, Kuwait’s state newspaper Al Anba reported. The crude is shipped to the Ain Al-Sokhna […]
Posted inBasic Materials + Commodities
Wheat harvest collection regulations out today
Regulations governing the collection of this season’s wheat harvest will be announced today by the ministries of agriculture and supply, said Agriculture Ministry spokesperson Hamed Abdel Dayem. These regulations were drawn up with an eye to mitigating the problems that led to last year’s wheat corruption scandal. The announcement will cover the transportation, storage facilities, […]
Posted inBasic Materials + Commodities
Aumund supplying equipment for six clinker production lines
Germany’s Aumund Fördertechnik are supplying clinker conveying equipment for six new clinker production lines in Beni Suef, Hub4 reported. The project is being built by the Chengdu Design & Research Institute of Building Materials Industry, a subsidiary of Sinoma International Engineering. The project is scheduled to be completed within the next three years, and the […]