{"id":608243,"date":"2023-10-17T00:00:00","date_gmt":"2023-10-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/el-sisi-biden-to-meet-in-jordan-wednesday-ahead-of-egypts-gaza-summit\/"},"modified":"2023-10-17T00:00:00","modified_gmt":"2023-10-17T00:00:00","slug":"el-sisi-biden-to-meet-in-jordan-wednesday-ahead-of-egypts-gaza-summit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/el-sisi-biden-to-meet-in-jordan-wednesday-ahead-of-egypts-gaza-summit\/","title":{"rendered":"El Sisi, Biden to meet in Jordan Wednesday ahead of Egypt\u2019s Gaza summit"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and welcome to another exceptionally busy news day.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>THE BIG STORY here at home, the region, and the world at large continues to be the war in Gaza. <\/strong>We have the full rundown for you in this morning\u2019s War Watch, below, but the key things to know:<\/p>\n<ul>\n<li><strong>Biden and El Sisi will meet<\/strong> in Jordan tomorrow, after the US leader stops in Israel to show \u201cunwavering support\u201d;<\/li>\n<li><strong>Aid convoys were moving toward the Rafah crossing<\/strong> at dispatch time, but there is no confirmation on when (or if) Israel will allow the border to open today;<\/li>\n<li><strong>Israel has yet to launch a ground offensive;<\/strong><\/li>\n<li><strong>There are (early) signs Hamas may be considering releasing some of its hostages <\/strong>in a bid to ease tensions.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt\u2019s Gaza summit will take place on 21 October \u2014 and the invite list includes global <\/strong><strong>and regional powers. <\/strong>Egypt is inviting world leaders to the new capital on 21 October to attend the summit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d099209-b677-40f2-a47e-569e5b938cd7\" style=\"\" rel=\"noopener\">announced Sunday<\/a> that will discuss the \u201cdevelopments and future of the Palestinian issue.\u201d State broadcaster Al Qahera News said yesterday that a large number of regional and international leaders are expected to attend the event, which is being called the Cairo Peace Summit (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=ZhHzHLqg0z0\" style=\"\" rel=\"noopener\">watch, runtime: 0:51<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the guest list?<\/strong><a target=\"_blank\" href=\"https:\/\/bit.ly\/3FqEL4p\" style=\"\" rel=\"noopener\">Sky News Arabia<\/a> reported yesterday that leaders of Arab nations and the members of the UN Security Council (China, France, Russia, UK and the US) will be invited, citing senior Egyptian officials. Separately, <a target=\"_blank\" href=\"https:\/\/bit.ly\/48PEnu5\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported that Saudi Arabia, the UAE, Kuwait, Jordan, Qatar, and the Palestinian Authority have all received invites. <a target=\"_blank\" href=\"https:\/\/www.qatar-tribune.com\/article\/88396\/latest-news\/amir-receives-invitation-from-egypts-president-for-summit-on-palestinian-cause\" style=\"\" rel=\"noopener\">Qatar<\/a> and <a target=\"_blank\" href=\"https:\/\/kuwaittimes.com\/egypt-leader-invites-amir-for-a-summit\/\" style=\"\" rel=\"noopener\">Kuwait<\/a> have both confirmed that they\u2019ve received invites. The news outlet also said that the US and French presidents are expected to attend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Western countries are yet to publicly accept:<\/strong> US Secretary of State <a target=\"_blank\" href=\"https:\/\/bit.ly\/3FinwlV\" style=\"\" rel=\"noopener\">Antony Blinken<\/a> and French Foreign Minister <a target=\"_blank\" href=\"https:\/\/x.com\/mfaegypt\/status\/1713843808859746523?s=46&t=-JTomFjF7zfyHQWGsd4tSw\" style=\"\" rel=\"noopener\">Catherine Colonna<\/a> have both publicly welcomed the summit but stopped short of confirming attendance. German Chancellor Olaf Scholz yesterday <a target=\"_blank\" href=\"https:\/\/www.bundeskanzler.de\/bk-de\/aktuelles\/pressekonferenz-im-anschluss-an-das-treffen-der-staats-und-regierungschefinnen-und-chefs-des-berlin-prozesses-zum-westlichen-balkan-am-16-oktober-2023-in-tirana-2230524\" style=\"\" rel=\"noopener\">declined to say<\/a> whether he would attend when asked at a presser yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> AND- Speaking of Scholz \u2014 he\u2019s coming to Egypt: <\/strong>The chancellor confirmed yesterday that he will head to Egypt and Israel this week following reports from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/germanys-scholz-visit-israel-egypt-this-week-sources-2023-10-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2392336\/world\" style=\"\" rel=\"noopener\">Deutsche<\/a><a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2392336\/world\" style=\"\" rel=\"noopener\">Presse-Agentur<\/a> had reported earlier that he would visit both countries on Tuesday. Scholz didn\u2019t provide a timeframe. The visit comes following talks with the leaders of Jordan and Qatar in Berlin. German foreign minister Annalena Baerbock was <a target=\"_blank\" href=\"https:\/\/bit.ly\/48Tk5zG\" style=\"\" rel=\"noopener\">in Egypt<\/a> and Israel last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s fair to say that the two countries aren\u2019t on the same page over the conflict:<\/strong> While Egypt has been calling for an immediate ceasefire and the entrance of humanitarian aid into Gaza, Berlin has <a target=\"_blank\" href=\"https:\/\/www.tagesschau.de\/ausland\/asien\/baerbock-israel-100.html\" style=\"\" rel=\"noopener\">backed Israel\u2019s attack on Gaza<\/a>, pledged to <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9b1d9eb9-568d-410b-aeae-eed876e34c98\" style=\"\" rel=\"noopener\">supply it with military aid<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/germany-bans-pro-palestinian-group-samidoun-2023-10-12\/\" style=\"\" rel=\"noopener\">cracked down<\/a> on <a target=\"_blank\" href=\"https:\/\/www.dw.com\/en\/berlin-police-break-up-banned-pro-palestinian-rally\/a-67104373\" style=\"\" rel=\"noopener\">pro-Palestinian protests<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another warning from Tehran:<\/strong> Iran\u2019s foreign minister Hossen Amir Abdollahian <a target=\"_blank\" href=\"https:\/\/english.alarabiya.net\/News\/middle-east\/2023\/10\/17\/Iran-s-foreign-minister-warns-of-preemptive-action-against-Israel-in-Gaza\" style=\"\" rel=\"noopener\">yesterday<\/a><a target=\"_blank\" href=\"https:\/\/english.alarabiya.net\/News\/middle-east\/2023\/10\/17\/Iran-s-foreign-minister-warns-of-preemptive-action-against-Israel-in-Gaza\" style=\"\" rel=\"noopener\">warned<\/a> that \u201cpre-emptive\u201d action against Israel could take place \u201cin the coming hours\u201d if it keeps up its assault on Gaza. Earlier <a target=\"_blank\" href=\"https:\/\/twitter.com\/Amirabdolahian\/status\/1713887905368678714\" style=\"\" rel=\"noopener\">he suggested<\/a> that a widening of the conflict was becoming \u201cinevitable.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE FRONT PAGES-<\/strong> The conflict continues to everywhere on the front pages this morning:<\/p>\n<ul>\n<li>Biden will head to Israel and Jordan as concerns mount that Israel-Hamas conflict will spread (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/biden-israel-hamas-war-egypt-elsissi-a08b6e4f8fe5edeab4c97753d254f8b9\" style=\"\" rel=\"noopener\">AP<\/a>)<\/li>\n<li>Biden to visit Israel on Wednesday; Iran issues warning (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/diplomats-renew-calls-gaza-aid-iran-warns-israel-2023-10-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li>Joe Biden set to visit Israel as push to open Gaza crossing falters (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3fa65622-f4ea-433c-8008-06743f4e7086\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/li>\n<li>Biden to visit Israel as rocket attacks continue and Gaza crisis grows (<a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/world-middle-east-67119233\" style=\"\" rel=\"noopener\">BBC<\/a>)<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong>ALSO HAPPENING THIS WEEK-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>#1- The Belt and Road Forum starts today:<\/strong>Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/bit.ly\/3FlsPRO\" style=\"\" rel=\"noopener\">is in Beijing<\/a> to attend the two-day <a target=\"_blank\" href=\"http:\/\/www.beltandroadforum.org\/english\/\" style=\"\" rel=\"noopener\">Belt and Road Forum<\/a>, a gathering aimed at coordinating the development of China\u2019s ambitious Belt and Road Initiative. Representatives of <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/leaders-gather-china-smaller-greener-belt-road-summit-2023-10-16\/\" style=\"\" rel=\"noopener\">more than 130 countries<\/a> are expected to attend the event, which marks the 10-year anniversary of the multi-tn USD global infrastructure investment strategy aimed at deepening China\u2019s trade ties with the world and expanding its economic influence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt has signed several agreements already:<\/strong>Egyptian aviation companies signed three framework agreements with China\u2019s largest construction company to upgrade two of the country\u2019s airports, the cabinet said yesterday. Under the agreements, the China State Construction Engineering Corporation will construct <a target=\"_blank\" href=\"https:\/\/bit.ly\/48TfaPj\" style=\"\" rel=\"noopener\">a new passenger terminal<\/a> at Hurghada Airport and the two would develop Cairo International Airport including by building <a target=\"_blank\" href=\"https:\/\/bit.ly\/3S3JyAE\" style=\"\" rel=\"noopener\">a new hangar<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Making its debut at the forum: The Taliban<\/strong>, which since its return to power in Kabul in 2021 has been trying to build economic ties with Beijing, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/taliban-join-chinas-belt-road-forum-elevating-ties-2023-10-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Afghanistan, which has potentially tns of USD of untapped mineral wealth, is looking to attract \u201clarge investors\u201d into the country during the forum, a commerce ministry spokesperson.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"> <a id=\"wwtt4\"><\/a> <strong>#2- S&P is next up to <\/strong><strong>review our credit rating<\/strong><strong>:<\/strong> S&P Global Ratings will publish its review of our sovereign credit rating on Friday. Moody\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6fce3ee3-016d-412b-be92-c47ec2ae0e72\" style=\"\" rel=\"noopener\">downgraded its rating<\/a> for Egypt to Caa1 from B3 earlier this month due to worsening debt affordability and the FX crunch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And Fitch makes three:<\/strong> The last of the big three agencies will be out with its review on 3 November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong>#3- The deadline is ticking for Dar Venture\u2019s DarE incubator applications: <\/strong>Submissions for the <a target=\"_blank\" href=\"https:\/\/dare.untapcompete.com\/\" style=\"\" rel=\"noopener\">DarE Incubator<\/a> program by Dar Al-Handasah\u2019s venture capital arm Dar Ventures will come to end this Friday. The six-month program is set to accelerate the growth of promising tech startups from the region.<\/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 target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">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\"><strong>WATCH THIS SPACE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- Eastern stake sale to wrap up soon? <\/strong>State-owned tobacco manufacturer Eastern Company\u2019s parent company Chemical Industries Holding Company (CIHC) will finalize the USD 150 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2faf2678-e1de-4680-a046-b73c3abab8df\" style=\"\" rel=\"noopener\">sale of a 30% stake in the company<\/a> to UAE-based Global Investment Holding (GIH) by the end of October, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/38kctnfv\" style=\"\" rel=\"noopener\">Al Mal<\/a> reported yesterday. However, a government source reportedly told <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/34rfk2k4\" style=\"\" rel=\"noopener\">Asharq Business<\/a> in a story published the same day that the sale will go through by the end of the week following the approval of the House of Representatives. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money going?<\/strong> The government reportedly plans to build a new fertilizers factory as well as to develop a number of state-owned fertilizer plants, according to Asharq Business. These include the factories of <a target=\"_blank\" href=\"https:\/\/deltafertilizer.com\/\" style=\"\" rel=\"noopener\">Delta Fertilizers<\/a>, <a target=\"_blank\" href=\"https:\/\/www.semadco.com\/?lang=en\" style=\"\" rel=\"noopener\">El Nasr for Fertilizers and Chemical Industries<\/a> (Semadco), and Egyptian Chemical Industries (Kima), Asharq\u2019s sources said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Could oil hit the EMX? <\/strong>The Egyptian Mercantile Exchange (EMX) is ready to list oil products on its electronic trading platform, EMX chair Ibrahim Ashmawy said yesterday, during a meeting with Oil Minister Tarek El Molla and EGX chair Ahmed El Sheikh, an <a target=\"_blank\" href=\"https:\/\/www.egx.com.eg\/ar\/NewsDetails.aspx?NewsID=244226\" style=\"\" rel=\"noopener\">EGX statement<\/a> read. The statement did not give a timeline for when we could expect to see oil products on the exchange.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CORRECTION- We slipped up on our subsea cable story in yesterday\u2019s issue:<\/strong> Our coverage yesterday said that Jordan and Egypt had scaled back their initial planned upgrade to our electricity link between the countries to 1.1 GW for the time being due to economic headwinds. Instead, they are studying channeling 1.1 GW of a total 2.2 GW link through a subsea cable as a cheaper alternative to on-land cables, according to a government source that spoke with Enterprise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2021\/03\/INFINITY-Top-banner-EN-1600x675-v2-02.png\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>Egypt\u2019s first locally produced EV \u2014 a low-range, low-speed commuter for urban areas \u2014 is almost ready for launch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The leaders of Arab nations and the UN Security Council have all been invited<\/p>\n","protected":false},"author":1,"featured_media":608244,"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":[96,168,6552,72,167,89,166,498,6984,7089,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-608243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-abdel-fattah-el-sisi","tag-diplomacy","tag-egypt-us-relations","tag-enterpriseam","tag-gaza","tag-israel","tag-israel-palestine-conflict","tag-joe-biden","tag-middle-east-politics","tag-palestine","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"9a68ef04-8213-41a0-91ad-60c0769265df","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/10\/835.jpg","photo_position":"above","homepage_title":"","full_issue_title":"El Sisi, Biden to meet in Jordan Wednesday ahead of Egypt\u2019s Gaza summit","related_issue":[608241],"teaser":"The leaders of Arab nations and the UN Security Council have all been invited","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.14fa985f-33c4-41ad-adf5-810f563de37d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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