{"id":592414,"date":"2023-08-06T00:00:00","date_gmt":"2023-08-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/06\/tugboat-and-oil-tanker-collide-in-suez-canal-killing-crew-member\/"},"modified":"2023-08-06T00:00:00","modified_gmt":"2023-08-06T00:00:00","slug":"tugboat-and-oil-tanker-collide-in-suez-canal-killing-crew-member","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/06\/tugboat-and-oil-tanker-collide-in-suez-canal-killing-crew-member\/","title":{"rendered":"Tugboat and oil tanker collide in Suez Canal, killing crew member"},"content":{"rendered":"

Good morning, wonderful people, and happy Sunday. <\/strong>We hope your week gets off to a relaxing start whether you\u2019re headed to the office or logging in from Sahel. <\/p>\n

REMEMBER- Governm<\/strong>ent employees are WFH today: <\/strong>This is the first Sunday that government employees are required to work from home where possible, part of energy-saving measures<\/a> as rolling blackouts continue. Private sector employers are also being encouraged to implement WFH Sundays while the energy crisis continues. <\/p>\n

THE BIG STORY here at home: <\/strong>There\u2019s plenty of news on the macro front this morning, from the CBE\u2019s surprise rate hike last week to July PMI data showing another month of slightly better conditions for our non-oil businesses. Plus, the Suez Canal Economic Zone is inching towards establishing its investment arm, and Turkish firms are signaling their interest in investing here as Cairo-Ankara relations improve. <\/p>\n

<\/a>AND- A Suez Canal Authority tugboat yesterday sank in the canal, killing one <\/strong>crew member,<\/strong> after it collided with Hong-Kong oil tanker Chinagas Legend, SCA boss Osama Rabie told Ahmed Moussa on Ala Mas\u2019ouleety yesterday (watch, runtime: 3:51<\/a>). Six other crew members on the tugboat were rescued, Rabie said in a statement<\/a>. Northbound traffic in the canal resumed shortly after the accident, while southbound traffic was never affected, said Rabie. <\/p>\n

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

<\/a>Shoukry heads to Chad for Sudan talks: <\/strong>Foreign Minister Sameh Shoukry will participate in a ministerial meeting in N\u2019Djamena on the heels of the summit of Sudan\u2019s neighbors in Cairo last month<\/a>, according to a ministry statement<\/a>. The ministers will discuss the security, political and humanitarian aspects of the Sudan crisis and propose potential ways forward to bring an end to the country\u2019s civil war. <\/p>\n

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

<\/a>The National Dialogue goes behind closed doors this week: <\/strong>The National Dialogue is heading into closed-door discussions this week to wrap up recommendations from its specialized committees after five weeks of public sessions. The dialogue board will present to President Abdel Fattah El Sisi three options for the electoral system for the upcoming 2025 parliamentary elections, said Diaa Rashwan, the dialogue\u2019s general coordinator. <\/p>\n

MORNING MUST WATCH- <\/strong><\/p>\n

<\/a>This Egyptian pitmaster knows good Texan BBQ:<\/strong> Kareem El Ghayesh left Cairo tostudy the tradition of Texas barbecue from the experts in Austin, learning everything from how to tend the fire to butchery skills, El Gayesh tells Bon Appetit (watch, runtime: 21:22<\/a>). Now he\u2019s launched KG BBQ<\/a>, a fusion of classic BBQ meats with Middle Eastern cooking, offering a menu that includes za'atar and pomegranate pork ribs, and brisket served with rice, pine nuts, pistachios, golden raisins and tahini, all accompanied with house-made pickles and baladi salads. <\/p>\n

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THE BIG STORIES ABROAD-<\/strong><\/p>\n

#1- US and China take baby steps towards better relations: <\/strong>Washington and Beijing will set up new working groups to discuss ways to iron out contentious issues, the Financial Times<\/a> reports, citing people with knowledge of the matter. Two groups will tackle Asia-Pacific regional issues and maritime problems while a possible third group focuses on broader topics. The move follows months of decline in the relationship between the two countries and marks the first concrete sign of progress since US Secretary of State Antony Blinken\u2019s visit to Beijing<\/a> in June.<\/p>\n

#2-<\/strong>Pakistan\u2019s ex-PM in police custody: <\/strong>Police forces arrested former Pakistani prime minister Imran Khan yesterday after a court sentenced him to three years in prison on charges of selling state gifts. The verdict could stop Khan from standing in November\u2019s national election. (Reuters<\/a> | Financial Times<\/a> | The Guardian<\/a> | BBC<\/a> | CNN<\/a> | CNBC<\/a>)<\/p>\n

CIRCLE YOUR CALENDAR- <\/strong><\/p>\n

<\/a> The new school year starts on 30 September: <\/strong>The fall semester will run from 30 September through 25 January, while the spring semester will commence on 10 February and run through 6 June, according to an Education Ministry statement<\/a>. <\/p>\n

<\/p>\n

The Enterprise Finance Forum is taking place on 18-19 <\/strong>September at the St. Regis Hotel in Cairo.<\/strong> This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n

TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/p>\n

Do you want to become a commercial partner?<\/strong> Ping a note to Moustafa Taalab, our head of commercial<\/a>, or fill out this form<\/a> and we\u2019ll be in touch.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

LISTEN TO OUR PODCAST-<\/strong><\/p>\n

MISSED THE ENTERPRISE EXPORTS AND FDI FORUM? <\/strong>The Enterprise<\/a><\/strong>Podcast has you covered<\/a><\/strong>:<\/strong> The Enterprise Podcast\u2019s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,which took place in May. Throughout, we learned lessons from some of Egypt\u2019s biggest exporters on how Egypt can export its way out of a crisis. We heard everything from how to build an exports and FDI strategy, to identifying a foreign partner and tapping into a global supply chain. <\/p>\n

WANT TO LISTEN? Head to: <\/strong>Apple Podcast<\/a> | Spotify<\/a> | Google Podcast<\/a> | Anghami<\/a> .<\/strong><\/p>\n

IT\u2019S THE FINAL EPISODE- <\/strong>Our final panel of the day was, naturally, the most forward looking. Our panelists discussed how the companies \u2014 be they in age-old industries or emerging ones \u2014 have adapted to changes to better position their businesses for an uncertain future. We were joined by Nadia El Tawil,<\/strong> investment officer at pan-African private equity firm AfricInvest, Mostafa Bedair<\/strong>, CEO of Giza Seeds and Herbs, and Abdallah Sallam, <\/strong>CEO of Madinet Masr. <\/p>\n

OUR FORUM SERIES CONTINUES NEXT SUNDAY WITH THE ENTERPRISE CLIMATE <\/strong>FORUM- <\/strong>Fresh off the heels of a successful COP27, we held our first forum to dive deep into the fundamentals of what we think is the world\u2019s most important industry. The conversations ranged from exploring the business opportunities for Egyptian entrepreneurs, companies and startups in climate, to demystifying green hydrogen, and how we finance our green transition. And we did it all in the Grand Egyptian Museum. <\/p>\n","protected":false},"excerpt":{"rendered":"

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