{"id":648184,"date":"2017-05-30T03:59:08","date_gmt":"2017-05-30T03:59:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/ngo-law-tops-coverage-of-egypt-in-intl-press\/"},"modified":"2017-05-30T03:59:08","modified_gmt":"2017-05-30T03:59:08","slug":"ngo-law-tops-coverage-of-egypt-in-intl-press","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/ngo-law-tops-coverage-of-egypt-in-intl-press\/","title":{"rendered":"NGO law tops coverage of Egypt in int\u2019l press"},"content":{"rendered":"

Topping headlines on Egypt in the foreign press this morning are <\/strong>pickups of wire coverage<\/strong><\/a>of the signing into law of the controversial NGO bill.<\/strong> The stories play up the criticism of the law by domestic NGOs and international rights groups, who uniformly say the law would effectively lead to the shutdown of many groups. Even non-political charities are fretting the requirement to get advance approval from the state before taking donations. Declan Walsh from the New York Times<\/a> notes that the law comes in the run-up to next year\u2019s presidential election and suggests that President Abdel Fattah El Sisi has to a degree been emboldened by his friendship with US President Donald Trump.<\/p>\n

The weekend\u2019s terror attack continues to generate headlines. <\/strong>Comments from Russian Foreign Minister Sergei Lavrov\u2019s trip to Egypt were picked up by outlets including Sputnik<\/a>. Lavrov expressed his condolences and insisted that joint efforts to combat terrorism are needed, saying \u201cthis evil should be fought jointly\u201d in a meeting with Foreign Minister Sameh Shoukry.<\/p>\n

Ahmed Aboulenein <\/strong>writes for Reuters<\/strong><\/a> that grief quickly turned to anger <\/strong>during funeral prayers at the Church of the Sacred Family in the village of Dayr Jarnous. Seven of the 29 Christians killed came from Dayr Jarnous. The attack itself raises many questions<\/strong>, Nazlet Hanna writes in La Croix<\/a>: \u201cWas it perpetrated by a dormant local cell that was reactivated? Or was it the work of a group that found support abroad?\u201d There is no immediate response to these questions, she says, \u201cespecially since the perpetrators fled after the attack.\u201d<\/p>\n

The GCC press continued to express sympathy for Egypt war on terror. <\/strong>Egypt\u2019s airstrikes in Libya were natural reactions to Friday\u2019s terror attack, Meftah Chouaib writes for the UAE\u2019s Al Khaleej<\/a>. Palestinian journalist Mahmoud al-Rimawy wrote in the same publication<\/a> that the systematic targeting of Christians is unprecedented, even when compared to the Lebanese Civil War. Egyptian writer Mohamed Noaman Galal took a veiled stab at Qatar in Bahrain\u2019s Al Watan newspaper<\/a>, saying that countries that fund terrorists and give them a voice through their media contradict their own national policies and claims of democracy.<\/p>\n

Saudi\u2019s Al Arabiya<\/a> is noting a viral video on social from an Egyptian Daesh member<\/strong>captured in Libya<\/strong>. The man recounts his recruitment, which began in Tahrir and eventually saw him sent to Derna to be trained in Daesh camps there.<\/p>\n

Egypt\u2019s banks are increasingly looking east for growth<\/strong>, according to Frontera News<\/a>\u2019 series on Egypt and the One Belt, One Road initiative. Banking heads, including Banque Misr\u2019s Vice Chairman Akef Al Maghraby, believe that Egypt\u2019s USD 11 bn trade volume with China will only increase following the launch of the initiative and banks can be better poised by opening up there. The series looks at the extent to which Chinese banks have committed to Egypt, citing the Industrial and Commercial Bank of China\u2019s USD 20 bn<\/a> pledge for investments over the coming 10 years, and Banque Misr\u2019s USD 500 mn loan from China Development Bank.<\/p>\n

Elsewhere, Frontera is tipping<\/a> American depositary receipts (ADRs) of CIB, GB Auto,<\/strong>Lecico, OCI NV and Remco Tourism Villages <\/strong>as ways to get exposure to Egypt without leaving the \u2018safe haven\u2019 that is the NYSE.<\/p>\n

Other international news worth noting<\/strong> this morning in brief include:<\/p>\n