{"id":626732,"date":"2018-07-10T04:45:41","date_gmt":"2018-07-10T04:45:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/erdogan-high-sultan-of-nepotism\/"},"modified":"2018-07-10T04:45:41","modified_gmt":"2018-07-10T04:45:41","slug":"erdogan-high-sultan-of-nepotism","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/erdogan-high-sultan-of-nepotism\/","title":{"rendered":"Erdogan, high sultan of nepotism"},"content":{"rendered":"<p><strong>Well that didn\u2019t take long:<\/strong> Turkish sultan Recep Tayyip Erdogan waited a good two seconds after his election before appointing his son-in-law to head the treasury and Finance Ministry, <a href=\"https:\/\/www.ft.com\/content\/a69770a4-83b2-11e8-a29d-73e3d454535d\">the FT reports<\/a>. We wonder what\u2019s next in his plan to re-establish the Ottoman empire \u2014 perhaps eunuchs conscripted from refugee camps?<\/p>\n<p><strong>Other random things you should know <\/strong>this morning:<\/p>\n<ul type=\"disc\">\n<li><strong>Striking oil workers in Norway could drive up the price of Brent crude<\/strong>, having already sent the benchmark price up to nearly USD 78.50 \/ bbl yesterday. (<a href=\"https:\/\/www.reuters.com\/article\/us-global-oil\/brent-leads-crude-prices-higher-as-norway-oil-workers-prepare-to-strike-idUSKBN1K0029?il=0\">Reuters<\/a>) <\/li>\n<li><strong>The number of expat workers in KSA was down 6% <\/strong>in the first three months of this year to 10.2 mn as business slowed and the government hiked fees to employ foreign workers. (<strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-09\/expatriate-workers-are-leaving-saudi-arabia-in-droves\">Bloomberg<\/a><\/strong>)<strong><\/strong><\/li>\n<li><strong>Sound familiar?<\/strong> Rolling power outages are a feature of the landscape in the nation\u2019s capital as electricity use soars after temps spike above 40\u00b0C. It\u2019s not Cairo, you\u2019re not stuck in a time machine: It\u2019s Tehran. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-08\/tehran-orders-electricity-outages-to-deal-with-surging-use\">Bloomberg<\/a>)<\/li>\n<li><strong>The dark side to M&A: <\/strong>Lashups between companies with divergent corporate norms and cultures can be really bad news for investors. (<strong><a href=\"https:\/\/www.ft.com\/content\/633dcfba-810a-11e8-bc55-50daf11b720d?emailId=5b42e658f885cc00043968c4&segmentId=22011ee7-896a-8c4c-22a0-7603348b7f22\">Financial Times<\/a><\/strong>)<strong><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Well that didn\u2019t take long: Turkish sultan Recep Tayyip Erdogan waited a good two seconds after his election before appointing his son-in-law to head the treasury and Finance Ministry, the FT reports. We wonder what\u2019s next in his plan to re-establish the Ottoman empire \u2014 perhaps eunuchs conscripted from refugee camps? Other random things you [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626732","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3296061d-5e6d-4092-9c05-6faaafba0f26","order":"0","is_powered_by":true,"section_story_id":"b42d9e98-ef87-45d6-931a-36f30c076d73","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626719],"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>Erdogan, high sultan of nepotism - 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\/2018\/07\/10\/erdogan-high-sultan-of-nepotism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Erdogan, high sultan of nepotism\" \/>\n<meta property=\"og:description\" content=\"Well that didn\u2019t take long: Turkish sultan Recep Tayyip Erdogan waited a good two seconds after his election before appointing his son-in-law to head the treasury and Finance Ministry, the FT reports. We wonder what\u2019s next in his plan to re-establish the Ottoman empire \u2014 perhaps eunuchs conscripted from refugee camps? 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And what did they get for their\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":645284,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/erdogan-is-hurting-gas-exploration-in-east-mediterranean\/","url_meta":{"origin":626732,"position":1},"title":"Erdogan is hurting gas exploration in East Mediterranean","author":"enterpriseam admin","date":"17 July 2017","format":false,"excerpt":"Erdogan is hurting gas exploration in East Mediterranean to score political points at home: The inability of Greek Cyprus and Turkish Cyprus to reach an understanding in these latest round of talks does not bode well for natural gas exploration in the East Mediterranean, writes Cyril Widdershoven for Oil Price\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":652655,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/parliament-votes-in-favor-of-constitution-that-boosts-erdogans-powers\/","url_meta":{"origin":626732,"position":2},"title":"Parliament votes in favor of constitution that boosts Erdogan\u2019s powers","author":"enterpriseam admin","date":"16 January 2017","format":false,"excerpt":"We\u2019re waiting now for word Turkey is expanding its banana production after the one-time democracy\u2019s parliament voted in favor of a new constitution that gives President Recep Tayyip Erdogan vast powers, BBC reported. Channeling his inner Idi Amin, Erdogan has ensured the document would abolish the post of prime minister,\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":632585,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/erdogan-threatens-cyprus-over-gas-standoff\/","url_meta":{"origin":626732,"position":3},"title":"Erdogan threatens Cyprus over gas standoff","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"Turkish President Tayyip Erdogan has warned Cyprus not to \u201coverstep the mark\u201d in the eastern Mediterranean after the Cypriot government accused the Turkish military of blocking an Eni drill rig from exploring for natural gas since Friday, Reuters reports. \u201cOur warships and security units are following all developments in the\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":594833,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/mohamed-sultan-resigns-as-ceo-of-egyptian-real-estate-developer-palm-hills\/","url_meta":{"origin":626732,"position":4},"title":"Mohamed Sultan resigns as CEO of Egyptian real estate developer Palm Hills","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"MOVES- Mohamed Sultan (LinkedIn) has resigned from his position as CEO of real estate developer Palm Hills, the company said in a statement (pdf). Sultan is also stepping down as a member of the company\u2019s board of directors.","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":629866,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/03\/abdelrahman-sultan-replaces-francesco-monaco-as-fca-ceo\/","url_meta":{"origin":626732,"position":5},"title":"Abdelrahman Sultan replaces Francesco Monaco as FCA CEO","author":"enterpriseam admin","date":"3 April 2018","format":false,"excerpt":"MOVES- Fiat Chrysler Automobiles (FCA) has appointed Abdelrahman Sultan as the CEO of its Egypt operations, Al Mal reports. Sultan replaces Francesco Monaco, who held the position for one year. Sultan was previously CFO at FCA Egypt.","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626732","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=626732"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626732\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/626719"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=626732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=626732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=626732"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=626732"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=626732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}