{"id":588818,"date":"2023-06-18T00:00:00","date_gmt":"2023-06-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/blinken-is-in-beijing-as-china-looks-to-broker-peace-in-palestine\/"},"modified":"2023-06-18T00:00:00","modified_gmt":"2023-06-18T00:00:00","slug":"blinken-is-in-beijing-as-china-looks-to-broker-peace-in-palestine","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/blinken-is-in-beijing-as-china-looks-to-broker-peace-in-palestine\/","title":{"rendered":"Blinken is in Beijing as China looks to broker peace in Palestine"},"content":{"rendered":"

Good morning, wonderful people, and happy Sunday. <\/span>We\u2019re starting the week off busy, with <\/span>news on everything from the outlook for our economic reform program to an African diplomatic attempt to get Russia and Ukraine to the negotiating table to end their 16-month conflict. <\/span><\/p>\n

THE BIG STORY here at home: Goldman Sachs says our FX shortage could stall <\/span>economic reforms. <\/span>MENA strategist Farouk Soussa thinks we need to drum up USD 5 bn to facilitate the transition to a full float of the EGP \u2014 a key condition of our delayed loan program with the IMF.<\/span><\/p>\n

AND- There\u2019s diplomatic developments in every direction. <\/span>African leaders including our PM <\/span>were in Russia and Ukraine to call for peace at the weekend; new acquaintances Saudi and Iran are getting closer; China wants to broker peace in Palestine; and the US\u2019 top diplomat just touched down in Beijing. We bring you all the details in the newswell, below. <\/span><\/p>\n

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THE BIG STORY ABROAD<\/span>-<\/span><\/p>\n

<\/a><\/span>Blinken in Beijing: <\/span>US Secretary of State Antony Blinken\u2019s arrival in China today is front <\/span>and center in the foreign press. The trip makes Blinken the first top American diplomat to visit the country in five years \u2014 and comes as US-China tensions are running particularly high over issues from tech to trade. Blinken will meet with Chinese Foreign Minister Qin Gang and China\u2019s top diplomat Wang Yi and potentially President Xi Jinping. \u201cThere's a recognition on both sides that we do need to have senior level channels of communication,\u201d a US official told reporters. (<\/span>Reuters<\/a><\/span> | <\/span>Bloomberg<\/a><\/span> | <\/span>Financial Times<\/a><\/span> | <\/span>WaPo<\/a><\/span> | <\/span>AP<\/a><\/span>)<\/span><\/p>\n

HAPPENING TODAY-<\/span><\/p>\n

<\/a><\/span>International Finance Corporation managing director Makhtar Diop is in Egypt today:<\/span>Diop will sign an agreement to mobilize private-sector investment and meet with Prime Minister Moustafa Madbouly, central bank governor Hassan Abdalla, and senior cabinet ministers.<\/span><\/p>\n

HAPPENING THIS WEEK-<\/span><\/p>\n

<\/a> <\/span>It\u2019s interest rate decision week: <\/span>The Central Bank of Egypt\u2019s mone<\/span>tary policy committee will meet on Thursday, June 22, to set its rate policy until its next meeting in August. <\/span><\/p>\n

<\/a><\/span>The <\/span>fourth week<\/a><\/span> of the National Dialogue will see sessions on <\/span>the law regulating <\/span>civil society organizations and activity; freedom of scientific research and building partnerships with the international scientific community; reforming the management of public finances, including the budget, state spending, and upping state revenues; industrial policies; and the threats to communities and families posed by domestic violence and \u201conline dangers.\u201d <\/span><\/p>\n

IN THE SENATE-<\/span><\/p>\n

<\/a><\/span>The Senate will reconvene this week ahead of the Eid break, meeting today and on<\/span> Monday. <\/span>Senators will discuss a report that calls on the government to unify legislation governing cooperatives and offer them tax incentives to help them boost exports. <\/span><\/p>\n

Also in the Senate committees today:<\/span><\/p>\n