{"id":562560,"date":"2021-05-30T04:00:12","date_gmt":"2021-05-30T04:00:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/this-morning-israel-palestine-a-possible-suez-canal-settlement-and-a-senate-debate-on-the-madbouly-governments-social-and-economic-agenda-dominate-a-slow-news-day\/"},"modified":"2021-05-30T04:00:12","modified_gmt":"2021-05-30T04:00:12","slug":"this-morning-israel-palestine-a-possible-suez-canal-settlement-and-a-senate-debate-on-the-madbouly-governments-social-and-economic-agenda-dominate-a-slow-news-day","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/this-morning-israel-palestine-a-possible-suez-canal-settlement-and-a-senate-debate-on-the-madbouly-governments-social-and-economic-agenda-dominate-a-slow-news-day\/","title":{"rendered":"THIS MORNING: Israel-Palestine, a possible Suez Canal settlement and a Senate debate on the Madbouly government\u2019s social and economic agenda dominate a slow news day"},"content":{"rendered":"<p><strong>Good morning, nice people \u2014<\/strong> We kick off the 21st week of 2021 with a slow weekend of news. There\u2019s simply not a lot going on at home or abroad.<\/p>\n<p><strong>Look for the international news slowdown to continue into Tuesday<\/strong> our time: It\u2019s Memorial Day in the United States and the spring bank holiday in the UK, heralding the practical start of summer and the last days of the school year. Can you, like us, smell Sahel in the air?<\/p>\n<p><strong>We\u2019re almost at the start of a new month \u2014<\/strong> here are some of the key news triggers in the coming weeks:<\/p>\n<ul>\n<li><strong>PMI:<\/strong> May\u2019s purchasing managers\u2019 index for Egypt, Saudi Arabia and the UAE will be out on Thursday, 3 June.<\/li>\n<li><strong>Foreign reserves<\/strong> figures for May will be out early next week.<\/li>\n<li>May <strong>inflation data<\/strong> will be released next week.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt will meet Thursday, 17 June to review rates.<\/li>\n<\/ul>\n<p><strong>***CATCH UP QUICK<\/strong> on the top stories from Thursday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>Misr Ins. Holding (MIH) <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/480f3226-0077-4f68-8776-0e6fb33f1db9\">plans to form an education platform<\/a><\/strong> with an initial investment capital of EGP 700-800 mn.<\/li>\n<li><strong>Paradigm Logistics <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8c328a1a-2aed-4fdc-a3db-ff220dd12a91\">has offered to sell its 72% stake<\/a><\/strong><strong> in shipping subsidiary Ostool to EgyTrans<\/strong> through a share swap transaction.<\/li>\n<li><strong>Egypt <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8da42f7-6ea4-480c-8574-06daf1f4271d\">could host a summit<\/a><\/strong><strong> to discuss a long-term ceasefire between Israel and Palestine<\/strong> that would bring together officials from the Palestinian Authority, Hamas and Israel. <\/li>\n<\/ul>\n<p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Egypt\u2019s bid to bring about a long-term ceasefire between Israel and Hamas steps up a<\/strong><strong> gear today:<\/strong> Israeli Foreign Minister Gabi Ashkenazi arrives in Cairo today for talks with FM Sameh Shoukry, Egypt\u2019s foreign ministry said yesterday, without providing further details, according to <a href=\"https:\/\/www.reuters.com\/article\/idUSKCN2DA0E1\">Reuters<\/a>. At the same time, intelligence chief Abbas Kamel will be in Tel Aviv and Ramallah to meet with Israeli PM Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas, before heading to Gaza on Monday for talks with Hamas leaders, Israeli journalist Barak Ravid <a href=\"https:\/\/twitter.com\/BarakRavid\/status\/1398593413289807877?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\">reported<\/a> yesterday. Egyptian officials are angling for an agreement that includes the reconstruction of Gaza, a resumption of talks between Israel and Palestine, and a prisoner swap, he said, citing Israeli officials.<\/p>\n<p><strong>Egypt played a leading role in forging a ceasefire between Hamas and Israel earlier this <\/strong><strong>month<\/strong>, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8a32c2f-201f-44ba-a719-8ee9b42efd75\">ended 11 days<\/a> of deadly violence in Gaza. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8da42f7-6ea4-480c-8574-06daf1f4271d\">Reports in Israeli media last week<\/a> claimed that Egypt could soon host a summit between the Palestinian Authority, Hamas and Israel to restart the peace process.<\/p>\n<p><strong>The Suez Canal Authority (SCA) will hold a presser today to answer questions about <\/strong><strong>the Ever Given debacle<\/strong>, <a href=\"https:\/\/bit.ly\/3fSXtoq\">Youm7<\/a> reports, citing a statement by the authority. This comes a day after the Ismailia Economic Court delayed a hearing in the compensation case filed by the SCA against the owners of the vessel to allow settlement talks to continue. We have more on this in the news well below.<\/p>\n<p><strong>FROM THE SENATE:<\/strong> Senators will discuss the government\u2019s draft social and economic development plan for FY2021-2022 during plenary sessions today and tomorrow, <a href=\"https:\/\/bit.ly\/3fWucci\">the local press<\/a> reports. A bill to establish an emergency medical services fund to supplement money allocated by the government budget is also on the agenda for the meetings.<\/p>\n<p><strong>GIZ and the Arab Women\u2019s Enterprise Fund have launched the Agri-Digital Startup<\/strong> <strong>Competition<\/strong> to support digital agriculture in Egypt, in association with Ain Shams University, according to a <a href=\"https:\/\/ent.news\/2021\/5\/Agri-Digital-Competition-PRL-GIZ_MAY-2021_Final-.pdf\">statement (pdf)<\/a>. Entrants must be individuals or organizations providing solutions in the areas of electronic markets, extension services, or digital applications in sectors such as logistics and finance. Winners will receive up to EGP 150k, as well as business assistance services. You can register for the competition <a href=\"https:\/\/forms.office.com\/pages\/responsepage.aspx?id=WCmCgScpH0mFp-3rEsLfMNhzFmtLRThNi3DOBQFJrB5UQU9XQjFSVDBNSE4zOUxXVE1KVFVDT1VDOS4u\">here<\/a>.<\/p>\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>ON THE HORIZON-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Egypt will receive the final tranche of its IMF standby loan before the end of June<\/strong>, Finance Minister Mohamed Maait told <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2341589\">Al Masry Al Youm<\/a> yesterday. The Fund\u2019s executive board is expected to make a final decision on the USD 1.6 bn payment during the first half of the month, paving the way for disbursement before July, he said. The IMF <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c5ce656-b259-47f0-be59-5599d49b1d56\">reached a staff-level agreement<\/a> last week following two weeks of consultations with Egyptian authorities. The one-year USD 5.2 bn financing package was agreed last June to support the Egyptian economy and shore up public finances during the covid-19 pandemic.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Shipping containers arriving at Egyptian seaports that are not registered on the<\/strong> <strong>new National Single Window for Foreign Trade Facilitation (<\/strong><strong><a href=\"https:\/\/www.nafeza.gov.eg\/en\/site\/aci-details\">Nafeza<\/a><\/strong><strong>) will banned from entry as of 1 July<\/strong>, Finance Minister Mohamed Maait <a href=\"https:\/\/bit.ly\/3uxClcs\">said<\/a> yesterday, urging importers and customs officers to sign up to the new cargo information system through <a href=\"https:\/\/help.cargox.digital\/en\/user-manual\/registration\/new-company-registration\/\">this website<\/a>. The new system \u2014 called <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8aaca27b-9f4c-4e94-854c-ae4f1cf209c4\">Advance Cargo Information<\/a> (ACI), and introduced under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff816b7c-7eaf-4b1f-ac4c-be6ec4df8325\">the recently-passed Customs Act<\/a> \u2014 requires that cargo data and documents are submitted electronically at least 48 hours before shipment. As many as 400 importers have so far registered since its pilot launch on 1 April, Maait said.<\/p>\n<p><strong>Egypt will receive the first of 30 more Rafale fighter jets from France this summer, <\/strong>French Defense Ministry Spokesman Herve Grandjean said in an interview with Extra News (<a href=\"https:\/\/www.youtube.com\/watch?v=-s0eBlvLAXE\">watch, runtime 2:42<\/a>), under the terms of an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/849526ab-920b-43f2-ae71-959b9cc408d8\">agreement<\/a>with France earlier this month. The sale also includes EUR 200 mn worth of contracts with missile provider MBDA and equipment provider Safran Electronics & Defense.<\/p>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Egypt will host a virtual edition of Trescon Global\u2019s <\/strong><strong><a href=\"https:\/\/www.tresconglobal.com\/conferences\/ai\/egypt\/\">World AI Show<\/a><\/strong><strong> on 31 May.<\/strong> Held with support from the Information Technology Industry Development Agency (ITIDA), the conference will bring together AI experts, business leaders and tech heads to discuss how the latest trends in advanced technologies will impact the Egyptian economy. You can register for the event <a href=\"https:\/\/tresconglobal.com\/conferences\/ai\/egypt\/free-pass-registration\">here<\/a>.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.gymnastics.sport\/site\/events\/detail.php?id=16598#loaded\">FIG<\/a><\/strong><strong><a href=\"https:\/\/www.gymnastics.sport\/site\/events\/detail.php?id=16598#loaded\">World Challenge Cup<\/a><\/strong><strong> in <\/strong><strong>Artistic <\/strong><strong>Gymnastics<\/strong> for men and women will take place in Egypt on 3-6 June.<\/p>\n<p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, nice people \u2014 We kick off the 21st week of 2021 with a slow weekend of news. There\u2019s simply not a lot going on at home or abroad. Look for the international news slowdown to continue into Tuesday our time: It\u2019s Memorial Day in the United States and the spring bank holiday in [&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":[7204],"tags":[482,72,134,491,392,133,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562560","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-defense","tag-enterpriseam","tag-ever-given","tag-france","tag-senate","tag-suez-canal-authority","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"d2f04232-19e1-4606-bffc-37970bc42157","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[562558],"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 MORNING: Israel-Palestine, a possible Suez Canal settlement and a Senate debate on the Madbouly government\u2019s social and economic agenda dominate a slow news day - 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\/2021\/05\/30\/this-morning-israel-palestine-a-possible-suez-canal-settlement-and-a-senate-debate-on-the-madbouly-governments-social-and-economic-agenda-dominate-a-slow-news-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Israel-Palestine, a possible Suez Canal settlement and a Senate debate on the Madbouly government\u2019s social and economic agenda dominate a slow news day\" \/>\n<meta property=\"og:description\" content=\"Good morning, nice people \u2014 We kick off the 21st week of 2021 with a slow weekend of news. 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It\u2019s another relatively slow day on the home front today as we trudge towards the weekend. THE BIG STORY TODAY Suez Canal revenues are expected to hit USD 8.8 bn in 2023, which would mark a 10% y-o-y increase, Suez Canal Economic Zone\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\/2022\/3\/350.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644619,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/29\/el-sisi-suez-canal-lost-usd-6-bn-of-revenues-in-the-past-eight-months\/","url_meta":{"origin":562560,"position":2},"title":"El Sisi: Suez Canal lost USD 6 bn of revenues in the past eight months","author":"enterpriseam admin","date":"29 September 2024","format":false,"excerpt":"Good afternoon, friends, and welcome to a new work week.THE BIG STORY TODAY Regional geopolitical tensions hit Suez Canal revenues hard: The ongoing Israeli assault and the resulting consequences had a strong impact on revenues from Suez Canal over the past 7-8 months, President Abdel Fattah El Sisi said this\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\/9\/2185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644956,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/09\/what-were-tracking-this-week-151\/","url_meta":{"origin":562560,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"9 July 2017","format":false,"excerpt":"A delegation from Poland\u2019s Pomeranian Special Economic Zone (PSEZ) will be in Egypt for a four-day visit to discuss establishing an industrial zone in the Suez Canal Economic Zone (SCZone), Al Shorouk reports. Delegation members are set to meet with Trade and Industry Minister Tarek Kabil and Suez Canal Economic\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":561213,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/what-were-tracking-on-30-march-2021\/","url_meta":{"origin":562560,"position":4},"title":"What we\u2019re tracking on 30 March 2021","author":"enterpriseam admin","date":"30 March 2021","format":false,"excerpt":"Good morning, wonderful people. It\u2019s hump day, we know, but it\u2019s shaping up to be the best week in forever. Consider: The Suez Canal is open again now that the Ever Whatever is floated and chilling in the Great Bitter Lake.CI Capital has priced Taaleem\u2019s IPO on the Egyptian Exchange\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":674988,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/06\/vessels-are-slowly-making-their-way-back-to-the-suez-canal\/","url_meta":{"origin":562560,"position":5},"title":"Vessels are slowly making their way back to the Suez Canal","author":"enterpriseam admin","date":"6 November 2025","format":false,"excerpt":"Good morning, friends. We are wrapping up the first work week of November with another busy issue. Big-ticket Gulf investments are the theme this morning with two > USD 1 bn investments coming to light over the past hours \u2014 Qatar\u2019s Diar will invest USD c. 30 bn to develop\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\/2025\/2\/31.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\/562560","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=562560"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562560\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562558"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562560"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562560"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}