{"id":582798,"date":"2023-02-27T00:00:00","date_gmt":"2023-02-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/this-morning-madbouly-in-qatar-for-key-investment-talks-shoukry-heads-to-syria-turkey-as-assad-comes-in-from-the-cold\/"},"modified":"2023-02-27T00:00:00","modified_gmt":"2023-02-27T00:00:00","slug":"this-morning-madbouly-in-qatar-for-key-investment-talks-shoukry-heads-to-syria-turkey-as-assad-comes-in-from-the-cold","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/this-morning-madbouly-in-qatar-for-key-investment-talks-shoukry-heads-to-syria-turkey-as-assad-comes-in-from-the-cold\/","title":{"rendered":"THIS MORNING: Madbouly in Qatar for key investment talks + Shoukry heads to Syria, Turkey as Assad comes in from the cold"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, ladies and gents.<\/span><span style=\"\"> Before we dive into another busy news day, we have an <\/span><span style=\"font-weight:400;\">announcement to make:<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/02\/ExportsFDIForum_1600.jpg\"\/><\/a><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/span><span style=\"font-weight:700\">We are delighted to share with you that the Enterprise Exports & FDI Forum <\/span><span style=\"\">will be taking place on<\/span><span style=\"font-weight:700\"> Monday, 15 May <\/span><span style=\"\">at the<\/span><span style=\"font-weight:700;\"> Four Seasons Hotel at Nile Plaza.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DO YOU WANT TO ATTEND?<\/span><span style=\"\"> The first wave of invites is going out soon. If you\u2019re a C-suite exec, exporter, investor, official, banker, or someone who should be part of the conversation, please <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">TAP OR CLICK HERE<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\"><\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">to request a spot at this exclusive event<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What\u2019s the Enterprise Exports & FDI Forum?<\/span><span style=\"font-weight:400;\"> It is the latest in our series of must-attend, invitation-only gatherings for C-suite-level business leaders. The Enterprise Exports & FDI Forum will discuss the critical topics of exports and foreign direct investment (FDI) in Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">We will be taking an in-depth look into some of the most vital industry topics, including:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">How to effectively break into new export markets<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to leverage domestic trends in order to create export opportunities<\/span><\/li>\n<li><span style=\"font-weight:400;\">What foreign investors are looking for<\/span><\/li>\n<li><span style=\"font-weight:400;\">What the government's role should be <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Why now? <\/span><span style=\"\">Exports and foreign direct investment (FDI) have never been more important to our economy \u2014 or our businesses \u2014 than in the wake of the float of the EGP. We th<\/span><span>ink <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/issues\/2022\/10\/18\/am-a-five-step-recipe-to-boost-exports-fdi-and-make-sure-egypt-never-has-to-ask-the-imf-for-another-cent\/\" style=\"\">we have a once-in-a-lifetime chance to build an export-led economy<\/a><\/span><span style=\"font-weight:400;\"> that makes us a magnet for FDI, and all the benefits that will come with it for our nation. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Think of the Enterprise Exports & FDI Forum as a hands-on lab for<\/span><span style=\"font-weight:700;\"> how to turn the devaluation of the EGP into something that will turbocharge your company and our economy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Who\u2019s on board?<\/span><span style=\"\"> Some of the biggest names in business and finance are on board \u2014 are you? If you\u2019d like t<\/span><span>o partner with us on the conference, ping a note to Moustafa Taalab, our head of commercial, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">here<\/a><\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">WHAT\u2019S HAPPENING TODAY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Madbouly, key cabinet members <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/26\/this-morning-whats-it-going-to-take-to-unlock-gulf-investments-in-egypt-97848\/\" style=\"\">in Qatar<\/a><\/span><span style=\"font-weight:700\">:<\/span><span style=\"\"> <span id='wwtt1' style='font-weight: inherit;'>Prime Minister Moustafa Madbouly arrived in Doha yesterday evening<\/span> and was met by Qatar\u2019s transport minister on arrival, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3Z5n6rt\" style=\"\">cabinet<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3xW7uus\" style=\"\">Qatar News Agency<\/a><\/span><span> said. The prime minister is visiting the Gulf country <\/span><span style=\"font-weight:400;\">to accelerate talks for sought fresh Qatari investment in Egypt, which have failed to make progress in recent weeks.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Accompanying the PM:<\/span><span> The finance, planning, health, and trade and industry ministers, as well as the heads of the Suez Canal Economic Zone and GAFI are part of the delegation, cabinet said. His visit comes a few weeks after Planning Minister Hala El Said and Sovereign Fund of Egypt head Ayman Soliman <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/08\/el-said-calls-on-qataris-to-invest-adq-said-to-be-mounting-rival-bid-to-qias-vodafone-egypt-acquisition-95853\/\" style=\"\">visited the Gulf country<\/a><\/span><span style=\"font-weight:400;\"> to discuss investment.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Shoukry in Syria + Turkey:<\/span><span style=\"\"> Foreign Minister Sameh Shoukry is visiting Syria and <\/span><span>Turkey today in what the ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3IV158V\" style=\"\">said<\/a><\/span><span> was to \u201cdeliver a message of solidarity\u201d following the earthquakes earlier this month. The ministry provided little information about the trip, though talk show host Ahmed Moussa suggested that <\/span><span id='wwtt2' style='font-weight: inherit;'>Shoukry could meet personally with President Bashar Al Assad while in Damascus<\/span> (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=q_wA1oo4Pgg\" style=\"\">watch, runtime: 7:18<\/a><\/span><span>). While in Turkey, Shoukry will hold talks with Turkish Foreign Minister Mevlut Cavusoglu and visit the southern province of Adana where a shipment of Egyptian aid is expected to arrive, the Turkish foreign ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mfa.gov.tr\/no_-59_-misir-disisleri-bakani-sameh-shoukry-nin-ulkemizi-ziyareti-hk.tr.mfa\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A month of firsts:<\/span><span style=\"\">Shoukry will be the first Egyptian foreign minister to visit Syria in more than a <\/span><span>decade, a trip that comes a few weeks after President El Sisi <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/08\/this-morning-egypts-on-oil-exports-were-up-50-last-year-is-bing-finally-about-to-get-good-95851\/\" style=\"\">spoke to Assad<\/a><\/span><span style=\"font-weight:400;\"> for the first time in the wake of the disaster.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Assad in from the cold:<\/span><span style=\"\"> Shoukry\u2019s trip to Damascus comes a day after a delegation of senior <\/span><span>Arab lawmakers visited the Syrian capital to discuss bringing the country back into the Arab League. Egyptian House Speaker Hanafi El Gibali was among the visitors, becoming the highest-ranking Egyptian official to travel to Syria in more than a decade, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/politics-syria-government-egypt-bashar-assad-1af2b02729c54a3bd7a2e6e997639aac\" style=\"\">Associated Press<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span style=\"\">Syria was suspended from the Arab League in 2011 after Assad\u2019s government <\/span><span style=\"font-weight:400;\">brutally suppressed demonstrations against his rule. The rebellion escalated into a brutal civil war that ravaged the country.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The House is back in session: <\/span><span style=\"\"><span id='wwtt3' style='font-weight: inherit;'>The House will discuss and vote on bills that will extend the government\u2019s expat car import scheme<\/span><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/21\/govt-approves-two-month-extension-to-expat-car-import-scheme-97502\/\" style=\"\">exempt phone components from being charged development fees<\/a><\/span><span>. It will also discuss and vote on three foreign agreements on human rights, economic governance, and the Montreal Protocol, <\/span><span style=\"\">an environmental pact<\/span><span style=\"font-weight:400;\">. Meanwhile, the House Industrial Committee will review the government\u2019s industrial strategy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">TOMORROW- <\/span><span style=\"\">Social Solidarity Minister Nevine El Qabbaj will be in the hot seat to answer <\/span><span style=\"font-weight:400;\">questions from MPs on pensions, social protection programs, and services offered to disabled people.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">You can forget about these bills for a while:<\/span><span style=\"\"> Amendments to the Investment Act, the draft <\/span><span>Unified Ins. and Labor acts , the <\/span><span>new <\/span><span>building violation reconciliation law, and the bill to establish <\/span><span style=\"font-weight:400;\">the Digital Egypt Fund aren\u2019t expected to head to the House any time soon, officials say.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Unified Ins. Act in limbo:<\/span><span style=\"\"> There has been no progress on the Unified Ins. Act since at <\/span><span>least January, according to officials on the House Economic Committee. The government is currently amending the legislation, which was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/04\/12\/senate-gives-final-nod-to-draft-ins-bill-69027\/\" style=\"\">passed by the Senate<\/a><\/span><span style=\"font-weight:400;\"> last April.<\/span><\/li>\n<li><span style=\"font-weight:700\">Ditto the draft Labor Act:<\/span><span style=\"\"> The legislation \u2014 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/02\/14\/last-nights-talk-shows-senate-greenlights-draft-labor-act-plans-to-surveill-public-land-to-deter-illegal-builders-64898\/\" style=\"\">passed by the Senate<\/a><\/span><span style=\"\"> over a year ago \u2014 <\/span><span>is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/04\/house-postpones-debate-on-draft-labor-act-while-govt-makes-tweaks-92776\/\" style=\"\">undergoing a revision<\/a><\/span><span style=\"font-weight:400;\"> in response to objections from both the business community and labor unions.<\/span><\/li>\n<li><span style=\"font-weight:700\">We\u2019re waiting on those Investment Act amendments:<\/span><span style=\"\"> It is unknown when <\/span><span>amendments to the Investment Act designed to attract more FX into <\/span><span>the country will be voted on in the House. Senators <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/11\/14\/fx-for-tax-cuts-plan-earns-senate-approval-87057\/\" style=\"\">approved the bill<\/a><\/span><span style=\"font-weight:400;\"> in November.<\/span><\/li>\n<li><span style=\"font-weight:700\">Digital Egypt Fund bill MIA:<\/span><span style=\"\"> The legislation has been in the House since January but <\/span><span>there are no signs that it will be put up for discussion any time soon. The bill has been in the works <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2021\/10\/20\/digital-egypt-fund-gets-the-thumbs-up-from-cabinet-56157\/\" style=\"\">for over a year<\/a><\/span><span>, and was given the greenlight by the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/31\/transport-minister-defends-spending-on-talgo-trains-rail-infrastructure-94979\/\" style=\"\">House Communications Committee<\/a><\/span><span> last month and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/english.ahram.org.eg\/News\/483238.aspx\" style=\"\">the Senate<\/a><\/span><span style=\"font-weight:400;\"> in December. <\/span><\/li>\n<li><span style=\"font-weight:700\">Building reconciliation bill lost in the ether:<\/span><span style=\"\"> The House Housing Committee <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/14\/new-building-violation-reconciliation-law-gets-a-nod-by-a-house-committee-91129\/\" style=\"\">approved<\/a><\/span><span>in December the new bill that will make it easier for owners of illegal buildings to go legit, but it remains unknown when it will head to the general assembly for a vote.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">SIGN OF THE TIMES- <\/span><span style=\"font-weight:700\">Another one bites the dust: <\/span><span style=\"\"><span id='wwtt4' style='font-weight: inherit;'>Digital money circle (AKA gameya) provider MoneyMaster is winding down operations<\/span> less than two years after launching, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3EDVUb9\" style=\"\">Al Mal<\/a><\/span><span style=\"font-weight:400;\"> reports, citing a company statement. The startup\u2019s legal team will carry out the liquidation process and pay customers their dues before it shuts down. The Egypt-born company kicked off operations in 2021.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Tough times on Planet Startup:<\/span><span> Emirati buy now, pay later firm Tabby last week said it would <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/23\/tabby-puts-egypt-business-on-ice-on-economy-woes-big-bosta-news-97680\/\" style=\"\">suspend its operations in Egypt<\/a><\/span><span> six months after entering the country due to the challenging economic conditions. <\/span><span style=\"font-weight:400;\">The news follows struggles at a number of more high-profile startups, including last year\u2019s implosion of Capiter. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THIS WEEK-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/moic.gov.eg\/ar\/news\/917\" style=\"\">Egypt-UN Partnership week<\/a><\/span><span style=\"font-weight:700\"> is taking place<\/span><span style=\"\"> ahead of the signing of the UN Sustainable <\/span><span>Development Cooperation Framework (UNSDCF) 2023-2027.<\/span><span> International Cooperation Minister Rania Al Mashat <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3SEsXl1\" style=\"\">visited<\/a><\/span><span> a refugee support center in Alexandria run by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/caritas-egypt.org\/en\/\" style=\"\">Caritas<\/a><\/span><span> with UN Resident Coordinator in Egypt Elena Panova yesterday<\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY ABROAD-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">No single story is dominating the conversation on the global front pages this morning<\/span><span style=\"\">, <\/span><span>though the latest from Ukraine is occupying most of the column space.<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-02-26\/ukraine-eyes-support-from-saudi-arabia-after-minister-s-visit?srnd=premium-middle-east\" style=\"\">Bloomberg<\/a><\/span><span> leads with the Saudi foreign minister\u2019s surprise visit to Kyiv, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/europe\/russias-war-ukraine-drags-into-second-year-with-no-end-sight-2023-02-23\/\" style=\"\">Reuters<\/a><\/span><span> covers Washington\u2019s latest warning to Beijing against providing arms to Russia while the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/2023\/02\/26\/world\/europe\/ukraine-russia-war.html\" style=\"\">New York Times<\/a><\/span><span> says that the war has ended the European continent as we knew it.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">US to back \u201cChina did it\u201d covid theory?<\/span><span style=\"\"> The US Energy Department now believes <\/span><span>that the covid-19 pandemic occurred due to a lab leak after obtaining classified intelligence regarding its origins, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/covid-origin-china-lab-leak-807b7b0a\" style=\"\">Wall Street Journal<\/a><\/span><span> and the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/2023\/02\/26\/us\/politics\/china-lab-leak-coronavirus-pandemic.html?smtyp=cur&smid=tw-nytimes\" style=\"\">New York Times<\/a><\/span><span> reported yesterday. The department has until now held back from endorsing the idea that the virus was a creation of Chinese scientists but now says with \u201clow confidence\u201d that an accidental lab leak is the most likely cause of the pandemic, rather than natural transmission as Beijing maintains. Republican lawmakers have <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/thehill.com\/blogs\/blog-briefing-room\/news\/3874947-republicans-jump-on-lab-leak-report-call-for-action-against-china\/\" style=\"\">jumped on the reports<\/a><\/span><span style=\"font-weight:400;\"> and are calling for action to be taken against China. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">When your boss realizes you\u2019re using ChatGPT: <\/span><span style=\"\">JPMorgan Chase has restricted its <\/span><span>staff\u2019s use of ChatGPT\u2019s AI bot, an anonymous employee told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-02-22\/jpmorgan-clamps-down-on-staff-s-use-of-ai-powered-chatgpt-bot\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">. The decision was made in line with the bank\u2019s rules on third-party software, rather than in response to a specific incident involving use of the AI, the source said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Egypt is going to the International Basketball Federation (FIBA) World Cup:<\/span><span style=\"\"> The <\/span><span>Pharaohs qualified for the international competitions with two matches still to play after<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fiba.basketball\/basketballworldcup\/2023\/african-qualifiers\/news\/egypt-become-third-african-team-to-qualify-for-the-world-cup\" style=\"\">beating Tunisia<\/a><\/span><span> 71-67 in Alexandria on Friday. The victory sees Egypt return to the tournament after a nine-year absence. The FIBA World Cup will run from 5 August until 10 September.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ICYMI-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Missed this week\u2019s Inside Industry? <\/span><span style=\"\">In our weekly vertical exploring all things industry and <\/span><span>manufacturing, we looked at the government\u2019s plans to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/26\/the-spinning-and-weaving-industry-is-getting-back-on-its-feet-97944\/\" style=\"\">revitalize the spinning and weaving industry<\/a><\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The AUC Business Forum <\/span><span style=\"font-weight:700\">continues today and runs through to Tuesday.<\/span><span style=\"\"> The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/AUC.Business\/videos\/723059216106406\" style=\"\">event<\/a><\/span><span>features five roundtables on the changing role of business schools and how to remain relevant and impactful in society, with a lineup of scholars, practitioners, policymakers, and executives from Egypt and abroad. You can follow the forum as it unfolds on the AUC School of Business <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/AUC.Business\" style=\"\">Facebook page<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Oil Minister Tarek El Molla will be guest of honor at a dinner organized by the <\/span><span style=\"font-weight:700\">British Egyptian Business Association<\/span><span> (BEBA Egypt) next month. The event will take place on <\/span><span style=\"font-weight:400;\">Monday, 13 March at Cairo Marriott Hotel. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\">Check out our full calendar on the web<\/a><\/span><span style=\"font-weight:400;\"> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/10\/CIRA-Blackboard-Banner-B-1600.jpg\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">*** It\u2019s Blackboard day:<\/span><span style=\"font-weight:400;\"> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In today\u2019s issue:<\/span><span style=\"font-weight:400;\"> Private education players \u2014 from K-12 outfits to higher ed \u2014 are shelving construction plans amid worries over costs of raw materials and financing. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shoukry\u2019s visit to Syria is the first by an Egyptian FM in over a decade<\/p>\n","protected":false},"author":1,"featured_media":582799,"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":[168,72,125,7128,281,127,296,301,433,218,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-582798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-diplomacy","tag-enterpriseam","tag-investment-watch","tag-ma-watch","tag-moustafa-madbouly","tag-politics","tag-qatar","tag-sameh-shoukry","tag-syria","tag-turkey","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"1b15fa09-e62e-4a26-ac12-73f41598b97e","order":"0","is_powered_by":false,"story_type":"4","photo_url":"http:\/\/enterprise.press\/wp-content\/uploads\/2023\/02\/Madbouly-Qatar-Feb23-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[582796],"teaser":"Shoukry\u2019s visit to Syria is the first by an Egyptian FM in over a decade","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.7c4ab64f-b6f0-4910-a9e9-e3f494c0f022.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Everyone was talking about Shoukry\u2019s visit to Damascus and Adana yesterday, with Foreign Ministry\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Shoukry-Cavusoglu-Feb23-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582002,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/28\/shoukry-looks-to-mend-ties-with-visits-to-quake-hit-syria-turkey\/","url_meta":{"origin":582798,"position":1},"title":"Shoukry looks to mend ties with visits to quake-hit Syria + Turkey","author":"enterpriseam admin","date":"28 February 2023","format":false,"excerpt":"Foreign Minister Sameh Shoukry became the first Egyptian diplomat to make official visits to Syria and Turkey in a decade yesterday after he flew to the two earthquake-hit countries for talks with Syrian President Bashar Al Assad and Turkish Foreign Minister Mevlut Cavusoglu.In Damascus: Egypt will provide more aid to\u2026","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Bashar-El-Assad-and-Sameh-Shoukry-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":630966,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/shoukry-meets-us-special-envoy-on-qatar-a-day-after-sisi-and-trump-talk-syria-iran-and-russia\/","url_meta":{"origin":582798,"position":2},"title":"Shoukry meets US special envoy on Qatar a day after Sisi and Trump talk Syria, Iran, and Russia","author":"enterpriseam admin","date":"6 March 2018","format":false,"excerpt":"Foreign Minister Sameh Shoukry met with a US delegation headed by Special Envoy Anthony Zinni yesterday to discuss updates on the Qatar boycott, a ministry statement said. This came one day after US President Donald Trump called President Abdel Fattah El Sisi to discuss \u201cthe American-Egyptian partnership on a range\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":583409,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/this-evening-shoukry-in-damascus-elon-musk-fires-more-twitter-staff\/","url_meta":{"origin":582798,"position":3},"title":"THIS EVENING: Shoukry in Damascus + Elon Musk fires more Twitter staff","author":"enterpriseam admin","date":"27 February 2023","format":false,"excerpt":"Good afternoon ladies and gentlemen. It\u2019s a relatively quiet Monday so far, but we\u2019d hazard a guess that probably won\u2019t last for too long.THE BIG STORY TODAYForeign Minister Sameh Shoukry visited both Syria and Turkey today to pledge more Egyptian support in the aftermath of two deadly earthquakes earlier 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\/internal\/wp-content\/uploads\/2023\/02\/Sameh-Shoukry-Syria-Visit-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593873,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-supports-the-right-of-kurds-to-fight-turkish-invasion-of-syria-shoukry\/","url_meta":{"origin":582798,"position":4},"title":"Egypt supports the right of Kurds to fight Turkish invasion of Syria -Shoukry","author":"enterpriseam admin","date":"13 October 2019","format":false,"excerpt":"Egypt supports the right of Kurds to fight Turkish invasion of Syria -Shoukry: Egypt considers the Turkish incursion into northern Syria an occupation and called Kurdish resistance efforts a \u201clegitimate right in self-defense,\u201d Foreign Minister Sameh Shoukry told the Syrian Democratic Council ahead of an emergency Arab League meeting in\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581980,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/28\/this-morning-its-day-2-of-madboulys-visit-to-qatar\/","url_meta":{"origin":582798,"position":5},"title":"THIS MORNING: It\u2019s Day 2 of Madbouly\u2019s visit to Qatar","author":"enterpriseam admin","date":"28 February 2023","format":false,"excerpt":"Good morning, ladies and gentlemen. 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