{"id":550912,"date":"2022-05-12T13:42:53","date_gmt":"2022-05-12T13:42:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/this-evening-shoukry-is-in-copenhagen-for-climate-meetings-madbouly-leads-cabinet-delegation-to-tunisia-plus-finland-and-sweden-want-in-on-nato\/"},"modified":"2022-05-12T13:42:53","modified_gmt":"2022-05-12T13:42:53","slug":"this-evening-shoukry-is-in-copenhagen-for-climate-meetings-madbouly-leads-cabinet-delegation-to-tunisia-plus-finland-and-sweden-want-in-on-nato","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/this-evening-shoukry-is-in-copenhagen-for-climate-meetings-madbouly-leads-cabinet-delegation-to-tunisia-plus-finland-and-sweden-want-in-on-nato\/","title":{"rendered":"THIS EVENING: Shoukry is in Copenhagen for climate meetings + Madbouly leads cabinet delegation to Tunisia. Plus: Finland and Sweden want in on NATO"},"content":{"rendered":"<p><strong>Good afternoon, friends, and a happy THURSDAY to you all.<\/strong> It\u2019s one of those (very) rare occasions where we have no big or interesting news on the home front to speak of today. But considering how busy the post-Eid news cycle has been, we\u2019re certainly not complaining.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>A LOT OF DIPLOMACY HAPPENING- Prime Minister Moustafa Madbouly is in Tunisia today and tomorrow for a meeting of the<\/strong><strong> Egyptian-Tunisian Cooperation Council<\/strong>, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/401173268719766\">statement<\/a>. Joining Madbouly in Tunisia are Education Minister Tarek Shawki, Higher Education Minister and acting Health Minister Khaled Abdel Ghaffar, International Cooperation Minister Rania Al Mashat, CIT Minister Amr Talaat, Housing Minister Assem El Gazzar, Agriculture Minister El Sayed El Quseir, GAFI head Mohamed Abdel Wahab, Financial Regulatory Authority head Mohamed Omran, and the head of the Trade and Industry Ministry\u2019s Egyptian Commercial Service, Yehia Elwathik Bellah.<\/p>\n<p><strong>Foreign Minister and COP27 Sameh Shoukry is co-chairing a two-day <\/strong><strong><a href=\"https:\/\/en.kefm.dk\/news\/news-archive\/2022\/may\/media-advisory-world-climate-leaders-meet-in-copenhagen-for-may-ministerial-\">meeting of climate<\/a><\/strong><strong><a href=\"https:\/\/en.kefm.dk\/news\/news-archive\/2022\/may\/media-advisory-world-climate-leaders-meet-in-copenhagen-for-may-ministerial-\">leaders<\/a><\/strong><strong> in Copenhagen<\/strong>, alongside Denmark\u2019s Climate, Energy, and Public Utilities Minister Dan J\u00f8rgensen and COP26 President Alok Sharma, according to a ministry <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02mBfg7AnpqGnnuxL9HxZCgc5UYazr2a3Dyja8AZVbgX1Lhyu8KhQs1ZGD2bw6DiLGl\">statement<\/a>. Shoukry met earlier today with Danish Prime Minister Mette Frederiksen, a separate <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/401212615382498\">statement<\/a> reads.<\/p>\n<p><strong>Saudi Crown Prince Mohamed bin Salman could be in town next week for talks with President Abdel Fattah El Sisi<\/strong>, Ala Mas\u2019ouleety\u2019s Ahmed Moussa said last night, without giving any details (<a href=\"https:\/\/www.youtube.com\/watch?v=z-DtIo_RHPE\">watch, runtime: 3:01<\/a>).<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Finland and Sweden plan to formally seek NATO membership amid Russia\u2019s<\/strong><strong> invasion of Ukraine. <\/strong>\u201cFinland must apply for NATO membership without delay,\u201d Finland\u2019s President Sauli Niinisto and Prime Minister Sanna Marin said in a <a href=\"https:\/\/www.presidentti.fi\/en\/press-release\/joint-statement-by-the-president-of-the-republic-and-prime-minister-of-finland-on-finlands-nato-membership\/\">joint statement<\/a>, with Sweden expected to follow suit, <a href=\"https:\/\/www.reuters.com\/world\/europe\/nato-welcome-nordic-members-ukraine-pushes-back-russian-forces-2022-05-12\/\">Reuters<\/a> reports. The Nordic countries are the two biggest EU nations who had stayed out of NATO, and the move would be a monumental shift for the two countries\u2019 long history of wartime neutrality. It would also result in the expansion of the Western military alliance, delivering a blow to President Vladimir Putin\u2019s ambition to weaken it. Putin had cited NATO expansion as one of the main reasons for the country\u2019s \u201cspecial military operation\u201d in Ukraine. Finland\u2019s announcement drew anger from the Kremlin, with spokesman Dmitry Peskov threatening an unspecified response.<\/p>\n<p><strong>ALSO ON THE FRONT PAGES- Remember what it was like when covid-19 first landed<\/strong><strong> within our borders?<\/strong> North Korea is just now catching up with what the rest of the world already experienced in early 2020, reporting its very first outbreak of the virus and imposing a national lockdown in a bid to contain the spread. Pyongyang \u2014 which so far has not vaccinated its population \u2014 has said the outbreak is the \u201cgravest national emergency.\u201d <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/nkorea-says-it-detected-outbreak-stealth-omicron-virus-state-media-2022-05-12\/\">Reuters<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/north-korea-locks-down-after-reporting-first-local-covid-19-infection-11652320668?mod=hp_featst_pos3\">Wall Street Journal<\/a>, and the <a href=\"https:\/\/www.nytimes.com\/live\/2022\/05\/11\/world\/covid-19-mandates-vaccine-cases\">New York Times<\/a> have more.<\/p>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.space.com\/event-horizon-telescope.html\">Event Horizon Telescope<\/a><\/strong><strong> team is set to announce within minutes what it says is a<\/strong><strong> \u201cgroundbreaking\u201d discovery in the Milky Way galaxy<\/strong>, according to <a href=\"https:\/\/www.space.com\/event-horizon-telescope-milky-way-discovery-webcasts\">Space.com<\/a>. You can <a href=\"https:\/\/www.eso.org\/public\/live\/\">catch the live stream here<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Another step towards sustainable bonds:<\/strong> Ministers have approved a plan by the Finance Ministry to broaden its green financing framework to include sustainable development bonds, allowing the state to raise money for a wider array of social and environmental projects, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/929b9845-3f9b-4f01-ad04-7bce69d6821f\">cabinet said<\/a> yesterday.<\/li>\n<li><strong>Total Eren + Enara Capital to build green ammonia facility in SCZone:<\/strong> Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/39a13bc2-44da-438a-9991-da9ed10b7bb3\">inked a memorandum of understanding<\/a> with an alliance that includes Total Eren and Africa-focused SME investor Enara Capital to build a green ammonia plant in the Suez Canal Economic Zone.<\/li>\n<li><strong>Cairo-based logistics startup Mylerz has <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/486f114d-1bc8-4b42-9ed3-c15d1afdb52d\">raised USD 9.6 mn<\/a><\/strong><strong> in equity funding<\/strong> from private equity outfit Lorax Capital Partners, with participation from e-payments giant Fawry, which will also provide payments services for the company.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>The PSA world squash championships get underway tomorrow.<\/strong> The men\u2019s and women\u2019s finals will be played on 22 May. There is USD 550k at stake for each of the men\u2019s and women\u2019s championships, making this <a href=\"https:\/\/psaworldtour.com\/news\/view\/9891\/record-prize-money-on-offer-at-2021-22-psa-world-championships\">the biggest purse on record<\/a> for a squash tourney. The CIB-sponsored championships will play out at SODIC\u2019s Club S Allegria and at the National Museum of Egyptian Civilization.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Keep an eye out for Madbouly\u2019s big presser at the start of next week:<\/strong> The promised press conference to announce new details of the state\u2019s response to the economic turmoil fallout from Russia\u2019s war in Ukraine will take place early next week, cabinet said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0mcTbUQ1q17oHay5SV5kNZSfsCQSp2R2un5S5rEtaBJ4jEb8to23pbJZPUvUaG4LJl?__cft__[0]=AZUBNObdn5zFxUMnNxZykL1EQy6NG2pPQKXdX9f-S4acW6SBP-A4xI8hSZiaxRMw_tL6xX4Zz_G69e_9Oz38LTpKEducPQoG3816-62HvedPYDlh_W8nEJP-Is_OOI9r3L3bW-d1D-PHoeGIBcCqK1i2&__tn__=%2CO%2CP-R\">statement<\/a> yesterday following its weekly meeting. Cabinet is expected to reveal new details on how the government intends to attract more FDI and expand the private sector\u2019s role in the economy.<\/p>\n<p><strong>A huge US <\/strong><strong><a href=\"https:\/\/www.amcham.org.eg\/events-activities\/missions\/us-business-missions-to-egypt\/36\/May-2022\/222\/about-the-mission\">\u201cGreenTech business mission\u201d<\/a><\/strong><strong> is inbound next week.<\/strong> More than 40 US companies will be in Egypt during 15-17 May to kick the tires on green investment and potential business partnerships in sectors ranging from energy to healthcare, agriculture, aviation, construction and water resource management. The high-level delegation will meet with members of the business community and senior government officials, including Prime Minister Moustafa Madbouly and other members of cabinet. The mission is being organized by AmCham and the US Chamber of Commerce.<\/p>\n<p><strong>It\u2019s interest rate week:<\/strong> The Central Bank of Egypt will meet to review interest rates on Thursday, 19 May. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df66965c-f7ca-459c-b270-c296532a1a9b\">Our customary poll<\/a> of analysts sees the central bank getting more aggressive with its tightening cycle, with five of seven respondents expecting rates to rise by as much as 200 bps on the back of rising inflation and emerging-market outflows.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- Brace yourselves \u2014 a heatwave is coming:<\/strong> Expect the mercury to rise in the capital city over the weekend, reaching a daytime high of 33\u00b0C before cooling to a low of 22\u00b0C tomorrow, the Egyptian Meteorological Authority <a href=\"https:\/\/www.facebook.com\/ema.gov.eg\/posts\/365448808947026\">said yesterday<\/a>. Saturday is expected to see a high of 34\u00b0C and low of 20\u00b0C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and a happy THURSDAY to you all. It\u2019s one of those (very) rare occasions where we have no big or interesting news on the home front to speak of today. But considering how busy the post-Eid news cycle has been, we\u2019re certainly not complaining. A LOT OF DIPLOMACY HAPPENING- Prime Minister Moustafa [&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":[7213],"tags":[633,313,305,1095,1137,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550912","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-finland","tag-nato","tag-russia-ukraine-war","tag-sweden","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"1f42f1c2-2c8d-4fde-83c2-0a3f3f072084","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[550910],"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>THIS EVENING: Shoukry is in Copenhagen for climate meetings + Madbouly leads cabinet delegation to Tunisia. 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A LOT OF DIPLOMACY HAPPENING- Prime Minister Moustafa [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/this-evening-shoukry-is-in-copenhagen-for-climate-meetings-madbouly-leads-cabinet-delegation-to-tunisia-plus-finland-and-sweden-want-in-on-nato\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-05-12T13:42:53+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/this-evening-shoukry-is-in-copenhagen-for-climate-meetings-madbouly-leads-cabinet-delegation-to-tunisia-plus-finland-and-sweden-want-in-on-nato\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/this-evening-shoukry-is-in-copenhagen-for-climate-meetings-madbouly-leads-cabinet-delegation-to-tunisia-plus-finland-and-sweden-want-in-on-nato\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: Shoukry is in Copenhagen for climate meetings + Madbouly leads cabinet delegation to Tunisia. 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The news flow remains red hot as the new government gets sworn in. THE BIG STORIES TODAY- New cabinet sworn in: The new Madbouly cabinet has been sworn in before President Abdel Fattah El Sisi at the Ittihadiya Palace (watch, runtime: 11:18). Find out\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\/2024\/7\/308.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627701,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/veteran-housing-minister-mostafa-madbouly-tapped-as-prime-minister-designate-will-form-the-next-cabinet\/","url_meta":{"origin":550912,"position":1},"title":"Veteran housing minister Mostafa Madbouly tapped as prime minister-designate, will form the next cabinet","author":"enterpriseam admin","date":"10 June 2018","format":false,"excerpt":"Veteran housing minister Mostafa Madbouly tapped as prime minister-designate, will form the next cabinet: Housing Minister Mostafa Madbouly was appointed on Thursday as Egypt\u2019s next prime minister by President Abdel Fattah El Sisi, according to an Ittihadiya statement. Madbouly, who has served as housing minister since 2014 in the Mahlab\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546390,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/egypt-tunisia-looking-to-deepen-economic-ties-after-high-level-visist\/","url_meta":{"origin":550912,"position":2},"title":"Egypt, Tunisia looking to deepen economic ties after high-level visist","author":"enterpriseam admin","date":"15 May 2022","format":false,"excerpt":"Egypt + Tunisia to strengthen economic ties: Egypt and Tunisia signed a number of agreements to boost economic cooperation during meetings in Tunis last week, the cabinet said in a statement. 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Cabinet spokesperson Ashraf Sultan has dismissed rumors of cancer, saying Ismail\u2019s trip is \u201croutine.\u201dThe RiseUp Summit kicks off this coming Friday, 1 December. The three-day\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622258,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/03\/this-evening-madbouly-reappointed-to-form-a-new-government\/","url_meta":{"origin":550912,"position":4},"title":"THIS EVENING: Madbouly reappointed to form a new government","author":"enterpriseam admin","date":"3 June 2024","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy Monday. 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THE BIG STORY TODAY Madbouly to form new government: Prime Minister Moustafa Madbouly has been tapped to form a new government after tendering his government\u2019s resignation after nearly\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\/2024\/1\/282.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654220,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/","url_meta":{"origin":550912,"position":5},"title":"Madbouly lands down in Riyadh","author":"enterpriseam admin","date":"29 October 2024","format":false,"excerpt":"Good afternoon, friends, and a happy hump day to you all.THE BIG STORY TODAY- Madbouly heads to Saudi to talk investment at the Future Investment Initiative: Prime Minister Moustafa Madbouly departed Cairo this morning for Riyadh alongside Foreign Minister Badr Abdelatty to attend the Future Investment Initiative, according to a\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\/2023\/11\/1572.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\/550912","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=550912"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550912\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/550910"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550912"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550912"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}