{"id":548358,"date":"2022-08-04T03:58:10","date_gmt":"2022-08-04T03:58:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/is-russia-using-egypt-to-export-its-crude-plus-el-sisi-establishes-disability-fund\/"},"modified":"2022-08-04T03:58:10","modified_gmt":"2022-08-04T03:58:10","slug":"is-russia-using-egypt-to-export-its-crude-plus-el-sisi-establishes-disability-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/is-russia-using-egypt-to-export-its-crude-plus-el-sisi-establishes-disability-fund\/","title":{"rendered":"Is Russia using Egypt to export its crude? Plus: El Sisi establishes disability fund"},"content":{"rendered":"<p><strong>Russia appears to be using Egypt as a transit route to sell its crude<\/strong>, ahead of the introduction of western sanctions on its energy exports later this year, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-08-03\/russia-finds-a-new-route-to-oil-market-via-a-tiny-egyptian-port?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports. Tracking data seen by the business newswire showed a vessel depositing 700k barrels of oil at the El Hamra oil terminal on Egypt\u2019s north coast, some or all of which was picked up a few hours later by a second ship. The move, described by Bloomberg as \u201cunusual,\u201d makes oil flows more difficult to monitor and provide opportunities for Moscow to blend its crude with other grades.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>The 19-member board of trustees of the National Dialogue process wrapped i<\/strong><strong>ts <\/strong><strong>fourth meeting yesterday<\/strong> with a decision to form seven committees to coordinate the dialogue\u2019s economic agenda. The board will form committees for inflation and high prices; public debt, budget deficit and fiscal reform; general investment priorities and policy of state ownership; local and foreign private investment; industry; agriculture and food security; and social justice.<\/p>\n<p><strong>The board decided to form five committees for the social agenda <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad5cce11-42b3-4784-9357-a685186e9abc\">earlier this week<\/a><\/strong>, and three committees for the political agenda a few weeks earlier. It has now finished forming the dialogue\u2019s committees and has set the priorities for the political, economic and social tracks.<\/p>\n<p><strong>The board will hold its next meeting on 27 August<\/strong>, where it will choose the rapporteurs for all of the committees and subcommittees of the social, political and economic tracks, and prepare the agenda and topics of discussion for the dialogue.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>President Abdel Fattal El Sisi has set up a fund designed to support people with <\/strong><strong>disabilities<\/strong>, according to a decision published in the Official Gazette yesterday. A board of trustees will be formed to set up a detailed plan for the \u201cDifferently-Abled Fund\u201d, which El Sisi had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8cb91eb9-bebf-4941-aac0-92a4ee8a2015\">called to be set up<\/a> last year as part of efforts to improve inclusion of individuals with disabilities in society and the economy.<\/p>\n<p><strong>In detail:<\/strong> The fund will help better integrate individuals with disabilities into the economy by financing various training programs to help them enter the job market, partnering up with different groups to help provide them with jobs, and providing financial support to SMEs led by people with disabilities. It will also establish specialized institutes that can set up programs aimed at boosting social inclusivity, and will help finance the construction and operation of hospitals, health units and care centers catered to people with disabilities.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>Emirati buy-now-pay-later fintech <strong><a href=\"https:\/\/tabby.ai\/\">Tabby<\/a><\/strong> plans to enter <strong>Egypt<\/strong>, after raising USD 150 mn in debt financing in what it says is the largest credit facility raised by a fintech in the Gulf region. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-08-03\/dubai-buy-now-pay-later-firm-tabby-gets-150-million-financing#:~:text=Dubai-based%20buy%20now%2C%20pay%20later%20startup%20Tabby%20secured,deal%20in%20the%20Middle%20East%20and%20North%20Africa.\">Bloomberg<\/a>)<\/li>\n<li><strong>The Financial Regulatory Authority <\/strong>has directed life ins. companies to begin using the first locally-produced life tables, which are used for calculating the probability of death over a person\u2019s life. (<a href=\"https:\/\/ent.news\/2022\/8\/financial-regulatory-authority-life-insurance-actuarial-schedule.pdf\">Statement<\/a>)<\/li>\n<li><strong>Palm Hills Developments<\/strong> and an education provider will partner with <strong><a href=\"https:\/\/www.maastrichtuniversity.nl\/\">Maastricht University<\/a><\/strong> to provide Badya University graduates with a supplementary certificate from the Dutch university. Our friends at Palm Hills hold 40% of Badya University. (<a href=\"https:\/\/ent.news\/2022\/8\/Taaleem-Signs-MoU-with-Maastricht-University-to-Establish-Academic-Partnership-in-Badya-University.pdf\">Statement, pdf<\/a>)<\/li>\n<li>German manufacturer <strong>Knorr-Bremse <\/strong>will equip<strong> 15 high-speed Siemens trains <\/strong>in Egypt with <strong>braking <\/strong>and <strong>entrance systems<\/strong>. (<a href=\"https:\/\/www.knorr-bremse.com\/en\/media\/press-releases\/reproducible-braking-distance-with-this-braking-technology-from-knorr-bremse-trains-run-more-often-and-more-punctually-2.json\">Statement<\/a>)<\/li>\n<li><strong>Seventeen people were killed<\/strong> and 4 others injured <strong>after a microbus collided <\/strong><strong>with a truck<\/strong> on a highway in Sohag province. (<a href=\"https:\/\/apnews.com\/article\/middle-east-africa-egypt-cairo-9f6e8efbee89e0eb5e9397e418babb4e\">Associated Press<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Russia appears to be using Egypt as a transit route to sell its crude, ahead of the introduction of western sanctions on its energy exports later this year, Bloomberg reports. Tracking data seen by the business newswire showed a vessel depositing 700k barrels of oil at the El Hamra oil terminal on Egypt\u2019s north coast, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[2214,111,73,72,183,91,354,270,190,408,1314],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548358","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-abdel-fattal-el-sisi","tag-also-on-our-radar","tag-education","tag-enterpriseam","tag-fintech","tag-oil-and-gas","tag-palm-hills-developments","tag-russia","tag-social-welfare","tag-taaleem","tag-tabby","wpautop","entry"],"acf":{"mongo_id":"c285d7e5-470e-491b-88a6-63e022ea2531","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548338],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is Russia using Egypt to export its crude? Plus: El Sisi establishes disability fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/is-russia-using-egypt-to-export-its-crude-plus-el-sisi-establishes-disability-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Russia using Egypt to export its crude? Plus: El Sisi establishes disability fund\" \/>\n<meta property=\"og:description\" content=\"Russia appears to be using Egypt as a transit route to sell its crude, ahead of the introduction of western sanctions on its energy exports later this year, Bloomberg reports. Tracking data seen by the business newswire showed a vessel depositing 700k barrels of oil at the El Hamra oil terminal on Egypt\u2019s north coast, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/is-russia-using-egypt-to-export-its-crude-plus-el-sisi-establishes-disability-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-04T03:58:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/is-russia-using-egypt-to-export-its-crude-plus-el-sisi-establishes-disability-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/is-russia-using-egypt-to-export-its-crude-plus-el-sisi-establishes-disability-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is Russia using Egypt to export its crude? 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How sharply? Last month 51 shipments of oil were sent from Russia to Egypt, up from just\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":679190,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/29\/oil-prices-rebound-2-on-mideast-tensions-and-stalled-russia-ukraine-talks\/","url_meta":{"origin":548358,"position":1},"title":"Oil prices rebound 2% on Mideast tensions and stalled Russia-Ukraine talks","author":"enterpriseam admin","date":"29 December 2025","format":false,"excerpt":"Good afternoon, friends. The holiday slowdown remains in full effect as we inch closer to New Year\u2019s Eve. Headlines both at home and abroad remain calm, making it the perfect time to pick up a book or plug into a podcast during the downtime.THE BIG STORY ABROAD- ? There\u2019s next\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/766.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629250,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/are-saudi-arabia-russia-going-to-turn-on-the-oil-tap-this-year\/","url_meta":{"origin":548358,"position":2},"title":"Are Saudi Arabia, Russia going to turn on the oil tap this year?","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"Is the oil production tap about to be turned on? With oil still in the USD 80 neighborhood, Saudi Arabia and Russia are signaling that they may dial-up oil output this year. Saudi Energy Minister Khalid Al Falih said that it is likely production will ramp up in 2H2018, according\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551160,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/this-evening-egypt-and-poland-discuss-trade-in-lng-and-wheat-brent-crude-prices-breaches-the-usd-120-per-barrel-mark\/","url_meta":{"origin":548358,"position":3},"title":"THIS EVENING: Egypt and Poland discuss trade in LNG and wheat + Brent crude prices breaches the USD 120 per barrel mark","author":"enterpriseam admin","date":"30 May 2022","format":false,"excerpt":"Good afternoon, wonderful people, and welcome to another rather busy news day. Today\u2019s news cycle is still dominated by business and economic news, but there\u2019s also a sprinkle of diplomacy and policy to keep us on our toes.THE BIG STORIES TODAY #1- Egypt could export LNG to Poland: Egypt is\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547252,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/asia-is-lapping-up-russian-crude\/","url_meta":{"origin":548358,"position":4},"title":"Asia is lapping up Russian crude","author":"enterpriseam admin","date":"14 June 2022","format":false,"excerpt":"Russia doesn\u2019t seem to be having problems finding buyers for its crude: Moscow is selling an \u201cunprecedented\u201d volume of crude to buyers in Asia as it redirects flows ahead of the EU\u2019s partial oil embargo, which will see it cut imports by 90% by the end of the year, Bloomberg\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544493,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/rising-wheat-and-oil-prices-will-hit-budget-in-egypt-ministers-say\/","url_meta":{"origin":548358,"position":5},"title":"Rising wheat and oil prices will hit budget in Egypt, ministers say","author":"enterpriseam admin","date":"7 March 2022","format":false,"excerpt":"Rising global wheat prices could cost the government an additional EGP 15 bn this fiscal year, Finance Minister Mohamed Maait told Bloomberg Asharq (watch, runtime: 1:35). The ministry assumed an average price of USD 255 per ton in this year\u2019s budget but the state is now paying USD 350, Supply\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/75.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548358"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548358\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548338"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548358"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548358"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}