{"id":654220,"date":"2024-10-29T00:00:00","date_gmt":"2024-10-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/"},"modified":"2024-10-29T00:00:00","modified_gmt":"2024-10-29T00:00:00","slug":"madbouly-lands-down-in-riyadh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/","title":{"rendered":"Madbouly lands down in Riyadh"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friend<\/strong><strong>s<\/strong>, and a happy hump day to you all.<\/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>Madbouly heads to Saudi to talk investment at the <\/strong><strong>Future Investment Initiative<\/strong><strong>:<\/strong> Prime Minister Moustafa Madbouly departed Cairo this morning for Riyadh alongside Foreign Minister Badr Abdelatty to attend the <a target=\"_blank\" href=\"https:\/\/fii-institute.org\/\" style=\"\" rel=\"noopener\">Future Investment Initiative<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02dDETK4gbtU6aMsbsCXueBFogqtsGxgV8ajtiEhV278X4wgCWwbwYnCuK7EEGF3jbl\" style=\"\" rel=\"noopener\">cabinet statement<\/a> out this morning. On the agenda for the conference that runs until Thursday is equitable development, economic stability, AI, climate change, health, and geopolitics. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>** You can find out everything you need to know about the forum <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4eb9879b-56dc-4ba0-8ab1-b813df27a8f4\/your%253cmark%253e-future-investment-initiative%253c%2Fmark%253e-forum-primer\" style=\"\" rel=\"noopener\">in a rundown of the<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4eb9879b-56dc-4ba0-8ab1-b813df27a8f4\/your%253cmark%253e-future-investment-initiative%253c%2Fmark%253e-forum-primer\" style=\"\" rel=\"noopener\">event that EnterpriseAM KSA published today<\/a><\/strong><strong>.<\/strong><\/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>The Washington Post has found itself in the center of the news cycle after its decision <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/77288b85-8a38-4f62-9717-3eeff5fbaaa7\" style=\"\" rel=\"noopener\">not<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/77288b85-8a38-4f62-9717-3eeff5fbaaa7\" style=\"\" rel=\"noopener\">to make a presidential endorsement<\/a><\/strong><strong> for the first time since 1988. <\/strong>WaPo owner and the world\u2019s second richest man, Jeff Bezos, has <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/opinions\/\" style=\"\" rel=\"noopener\">argued that his decision<\/a> to ditch an already written Kamala Harris endorsement from the paper\u2019s editorial board was a \u201cprincipled decision\u201d to tackle bias and build trust with its readership. Bezos also rebutted claims that the decision stemmed from his desire to curry favor with the Republican nominee in case he wins the election that is just over six days away.<\/p>\n<p><strong>WaPo subscribers have been making their thoughts on the matter known<\/strong>, with over 200k <a target=\"_blank\" href=\"https:\/\/www.npr.org\/2024\/10\/28\/nx-s1-5168416\/washington-post-bezos-endorsement-president-cancellations-resignations\" style=\"\" rel=\"noopener\">canceling their subscriptions<\/a> \u2014 a roughly 8% share of the paper\u2019s paying readership.<\/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>Another Chinese auto factory in the works: <\/strong>China\u2019s state-owned auto manufacturer BAIC Group has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db0dfe0f-f7f1-4fe0-ab05-197ce3d3f870\/china%25e2%2580%2599s-baic-group-to-set-up-ev-factory-in-egypt-with-local-agent-alkan-auto\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with local agent Alkan Auto to establish an EV factory with the start of production penciled in for the end of 2025.<\/li>\n<li><strong>Adeer wants to set up an Egyptian real estate fund: <\/strong>Saudi Sumou Holding Group subsidiary Adeer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f0c3bd68-188f-4de9-a7f1-0e444921f13d\/ksa%25e2%2580%2599s-adeer-wants-to-set-up-a-real-estate-fund-in-egypt\" style=\"\" rel=\"noopener\">plans to set up<\/a> an Egyptian real estate investment fund in partnership with Saudi fund manager Areeb Capital.<\/li>\n<li><strong>GCC VCs still have an appetite for Egyptian startups: <\/strong>Egyptian task management and digital workspace startup Taskedin sold a \u201c <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/158f5ffa-a168-4496-ae9d-95666819d424\/ksa%25e2%2580%2599s-edafa-venture-capital-acquires-strategic-stake-in-egypt%25e2%2580%2599s-taskedin\" style=\"\" rel=\"noopener\">strategic stake<\/a> \u201d to Saudi VC firm Edafa Venture Capital in a USD seven-figure transaction.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>The weather is slowly cooling down this week, with a high of 28\u00b0C and a low of 18\u00b0C in the capital tomorrow, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and a happy hump day to you all. THE BIG STORY TODAY- Madbouly heads to Saudi to talk investment at the Future Investment Initiative: Prime Minister Moustafa Madbouly departed Cairo this morning for Riyadh alongside Foreign Minister Badr Abdelatty to attend the Future Investment Initiative, according to a cabinet statement out this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":654221,"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":[168,6681,633,281,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-diplomacy","tag-egypt-saudi-relations","tag-enterprisepm","tag-moustafa-madbouly","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"f41439cf-609a-4f9b-a2a9-5f60834f0d01","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/11\/1572.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[654218],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.42846d55-4940-4014-b0df-7d92edeb72b5.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>Madbouly lands down in Riyadh - 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\/29\/madbouly-lands-down-in-riyadh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madbouly lands down in Riyadh\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and a happy hump day to you all. THE BIG STORY TODAY- Madbouly heads to Saudi to talk investment at the Future Investment Initiative: Prime Minister Moustafa Madbouly departed Cairo this morning for Riyadh alongside Foreign Minister Badr Abdelatty to attend the Future Investment Initiative, according to a cabinet statement out this [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-29T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1572.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Madbouly lands down in Riyadh\",\"datePublished\":\"2024-10-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/\"},\"wordCount\":409,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1572.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DIPLOMACY\",\"Egypt-Saudi relations\",\"EnterprisePM\",\"Moustafa Madbouly\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/29\/madbouly-lands-down-in-riyadh\/\",\"name\":\"Madbouly lands down in Riyadh - 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The two ministers discussed the Grand Ethiopian Renaissance Dam, as well as developments in Palestine, Sudan\u2026","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\/1\/227.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553160,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/this-evening-expect-a-strategy-on-industrial-development-in-three-months-says-madbouly-sunak-closes-in-on-pm-job-giving-markets-a-breather\/","url_meta":{"origin":654220,"position":1},"title":"THIS EVENING: Expect a strategy on industrial development in three months, says Madbouly + Sunak closes in on PM job, giving markets a breather","author":"enterpriseam admin","date":"24 October 2022","format":false,"excerpt":"Good afternoon, wonderful people. We have another day here in Omm El Donia dominated almost entirely by the Madbouly government\u2019s economic conference, which is currently in its second and penultimate day.THE BIG STORY TODAY Industrial development strategy to launch within three months? The Madbouly government wants to work with the\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643803,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/16\/madbouly-kouchouck-el-khatib-land-in-riyadh-on-diplomatic-mission-to-boost-trade-investment-plus-egypt-kuwait-ink-ten-mous-during-joint-committee\/","url_meta":{"origin":654220,"position":2},"title":"Madbouly, Kouchouck, El Khatib land in Riyadh on diplomatic mission to boost trade, investment. PLUS: Egypt, Kuwait ink ten MoUs during joint committee","author":"enterpriseam admin","date":"16 September 2024","format":false,"excerpt":"The Saudi side stressed Egypt\u2019s \u201ctremendous investment potential\u201d","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\/2024\/9\/1108.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567899,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/the-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing\/","url_meta":{"origin":654220,"position":3},"title":"The Egypt-Saudi Investment Fund could finally be becoming a thing","author":"enterpriseam admin","date":"10 December 2020","format":false,"excerpt":"The Egyptian and Saudi governments have drafted a final agreement to launch the long-dormant Saudi-Egypt investment fund, according to a cabinet statement following a meeting between Prime Minister Moustafa Madbouly and Saudi Minister of State Issam bin Saad bin Saeed. The fund\u2019s mandate will focus on \u201cpriority sectors\u201d including tourism,\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/199.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546724,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/this-morning-madbouly-luring-us-investors-to-infrastructure-the-us-is-plotting-how-to-normalize-ties-between-israel-and-saudi\/","url_meta":{"origin":654220,"position":4},"title":"THIS MORNING: Madbouly luring US investors to infrastructure + the US is plotting how to normalize ties between Israel and Saudi","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"The torrent of news continues on this fine (warm) Thursday morning, and we\u2019re loving every second of it. Speaking of the heat: It looks very much like spring weather came to an end yesterday. The mercury is set to rise steadily from 36\u00b0C today in the capital city to 40\u00b0C\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643877,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/mohammed-bin-salman-tells-pif-to-pump-usd-5-bn-in-investments-into-egypt-in-first-phase\/","url_meta":{"origin":654220,"position":5},"title":"Mohammed bin Salman tells PIF to pump USD 5 bn in investments into Egypt in \u201cfirst phase\u201d","author":"enterpriseam admin","date":"17 September 2024","format":false,"excerpt":"Details on the kinds of investments to be targeted remained sparse","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654220","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=654220"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654220\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/654218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654221"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654220"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654220"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}