{"id":653953,"date":"2024-10-24T00:00:00","date_gmt":"2024-10-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/24\/the-lowdown-on-the-brics-summit\/"},"modified":"2024-10-24T00:00:00","modified_gmt":"2024-10-24T00:00:00","slug":"the-lowdown-on-the-brics-summit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/24\/the-lowdown-on-the-brics-summit\/","title":{"rendered":"The lowdown on the Brics summit"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends, and a very happy Thursday. <\/strong>We\u2019re looking forward to a weekend of good weather, exciting matches, and a plethora of activities after a long newsweek.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It\u2019s a wrap for the Brics Summit in Russia: <\/strong>The heads of Brics nations \u2014 including President Abdel Fattah El Sisi \u2014 are in the Russian city of Kazan for the last day of the annual Brics Summit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What went down today: <\/strong>El Sisi gave a <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=Dz6B71_HiuQ\" style=\"\" rel=\"noopener\">speech<\/a> (runtime, 4:26) to the Brics Plus summit where he said that the Israeli war against the Palestinian people and the expansion of aggression into Lebanese territories is a \u201cstark testament to the abandonment of and disregard for principles, the prevalence of double standards and the lack of accountability and justice.\u201d The president also called into leveraging multilateral development banks to grant more access to developing nations, especially the Brics\u2019 New Development Bank and the Asian Infrastructure Investment Bank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The president also called into: <\/strong>Leveraging multilateral development banks to grant more access to concessional financing to developing nations, especially the Brics\u2019 New Development Bank and the Asian Infrastructure Investment Bank; Capitalizing on the Brics Plus meetings to strengthen South-South cooperation; Maintain cooperation and dialogue among developing nations to safeguard the integrity of the multilateral international system and to \u201ccollectively oppose endeavors to impose unilateral policies that are detrimental to the interests of our nations.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>International heads are turned towards Harris and Trump as the US elections inch closer.<\/strong> With less than two weeks left until the elections and razor-thin margins, the involved parties are ramping up their campaigns. Canvassers for current VP Kamala Harris targeting her weakest demographic, white nonunion workers, while Republicans in favor of former president Donald Trump lobby for more stringent oversight at the polls to avoid the perceived participation of noncitizens, despite US election security officials emphasizing that voter fraud has become exceedingly rare. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/10\/24\/us\/politics\/unions-working-class.html\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/be-aggressive-republican-poll-watchers-battleground-states-worry-us-election-2024-10-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-10-23\/new-poll-has-trump-harris-tied-in-key-states-just-12-days-to-election?srnd=homepage-middle-east&leadSource=uverify%20wall\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Harris has distanced herself from current US president Joe Biden,<\/strong> stating that her presidency \u201cwould not be a continuation of the Biden administration.\u201d She has emphasized that she hopes her time in the office \u201crepresent[s] a new generation of leadership on a number of issues.\u201d (<a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/10\/23\/politics\/takeaways-kamala-harris-town-hall\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Madbouly\u2019s latest presser centered around Egypt\u2019s IMF loan program:<\/strong> Prime Minister Moustafa Madbouly\u2019s weekly presser provided fresh details on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79c14781-a026-41dc-a383-8e15f6fb2972\/madbouly-gives-the-latest-news-on-egypt%25e2%2580%2599s-program-with-the-imf\" style=\"\" rel=\"noopener\">possible review<\/a> of Egypt\u2019s loan program with the International Monetary Fund.<\/li>\n<li><strong>Strengthening Egyptian-Libyan trade relations: <\/strong>Last week, Benghazi hosted a delegation from the Federation of Egyptian Industries (FEI) and tens of Egyptian companies \u2014 including the federation\u2019s Mohamed El Bahy \u2014 who were in town for the Libyan-Egyptian Industrial and Trade Forum. EnterpriseAM <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dc00352f-17e4-4298-802e-acf71c030d3e\/libya-is-setting-up-an-industrial-zone-to-leverage-egyptian-raw-materials-and-more-from-the-libyan-egyptian-industrial-and-trade-forum\" style=\"\" rel=\"noopener\">spoke to El Bahy<\/a> to find out what went down during the forum and learn more about the future of Egyptian-Libyan trade.<\/li>\n<li><strong>Five major airports slated for first phase of private sector offerings:<\/strong> The first phase of the government\u2019s plan to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7874a4be-3ea6-4270-a4ba-8b3ee2e39b1d\/private-investors-to-manage-five-major-egyptian-airports-in-the-first-phase-of-privatization-plans\" style=\"\" rel=\"noopener\">bring private investors<\/a> to develop, manage, and operate Egyptian airports will offer up five airports.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f TOMORROW\u2019S WEATHER- <\/strong>The cool stable weather is continuing into the weekend, with the mercury maintaining a high of 30\u00b0C and a low of 19\u00b0C in the capital, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and a very happy Thursday. We\u2019re looking forward to a weekend of good weather, exciting matches, and a plethora of activities after a long newsweek. THE BIG STORY TODAY It\u2019s a wrap for the Brics Summit in Russia: The heads of Brics nations \u2014 including President Abdel Fattah El Sisi \u2014 are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7213],"tags":[7270,633,270,8866,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-653953","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-brics","tag-enterprisepm","tag-russia","tag-sisi","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"6a256de9-d651-4ae3-895a-cfe75b432ffa","order":"1","is_powered_by":false,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[653951],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.e4669fad-fc5e-4052-908c-340656e0b1ce.mp3"},"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>The lowdown on the Brics summit - 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\/2024\/10\/24\/the-lowdown-on-the-brics-summit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The lowdown on the Brics summit\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and a very happy Thursday. 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Egypt and Russia have reportedly finalized their agreement over the USD 30 bn Dabaa nuclear power plant, the Associated Press said on Sunday, citing Russian media reports. The news surfaced after President Abdel Fattah El Sisi met with Russia\u2019s Vladimir Putin\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":604142,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/27\/from-next-year-egypt-will-officially-be-a-bric\/","url_meta":{"origin":653953,"position":2},"title":"From next year, Egypt will officially be a Bric","author":"enterpriseam admin","date":"27 August 2023","format":false,"excerpt":"Saudi Arabia, the UAE , Iran, Ethiopia, and Argentina also got invites","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1201.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588707,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/15\/egypt-submits-brics-membership-bid-russian-official\/","url_meta":{"origin":653953,"position":3},"title":"Egypt submits BRICS membership bid -Russian official","author":"enterpriseam admin","date":"15 June 2023","format":false,"excerpt":"BRICS membership could boost trade in currencies other than the USD","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/748.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653898,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/24\/el-sisi-joins-other-heads-of-brics-nations-in-the-summits-first-plenary-session\/","url_meta":{"origin":653953,"position":4},"title":"El Sisi joins other heads of Brics nations in the summit\u2019s first plenary session","author":"enterpriseam admin","date":"24 October 2024","format":false,"excerpt":"El Sisi told the leaders that Egypt is fully behind efforts to enhance cooperation efforts tackling global challenges","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2123.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548287,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/02\/algeria-is-interested-in-joining-the-brics-iran-nuclear-talks-could-resume-in-coming-days\/","url_meta":{"origin":653953,"position":5},"title":"Algeria is interested in joining the BRICS + Iran nuclear talks could resume in coming days","author":"enterpriseam admin","date":"2 August 2022","format":false,"excerpt":"Algeria is the latest MENA country to want in on BRICS: Algerian President Abdelmadjid Tebboune said that his country wants to join the BRICS group of major emerging economies, AFP reports. 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