{"id":665975,"date":"2025-05-27T00:00:00","date_gmt":"2025-05-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/27\/a-joint-egypt-us-ai-initiative-launched\/"},"modified":"2025-05-27T00:00:00","modified_gmt":"2025-05-27T00:00:00","slug":"a-joint-egypt-us-ai-initiative-launched","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/27\/a-joint-egypt-us-ai-initiative-launched\/","title":{"rendered":"A joint Egypt-US AI initiative launched"},"content":{"rendered":"

Good morning, all.<\/strong> We hope you\u2019re keeping cool and ready to tackle the last hump day of the month. To ease you into the workday we have an issue led with debt news, as we breakdown the shift in investors\u2019 appetite for local debt instruments and some energy news (as has been the case for most days these past couple of weeks) as we welcome the first of three regasification units set to dock in our ports this year.<\/p>\n

PSA- <\/p>\n

<\/a> WEATHER- <\/strong>After a few hot days, the temps are dipping in Cairo today. The capital is in for a high of 31\u00b0C and a low of 19\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s even cooler in Alexandria<\/strong>, with a high of 26\u00b0C and a low of 18\u00b0C.<\/p>\n

** DID YOU KNOW that we cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- A joint Egypt-US AI initiative was launched <\/strong>to fast-track AI adoption across several key sectors. The initiative will support startups, promote AI innovation, develop and implement training programs, as well as programs with international entities and the private sector, AmCham CEO Sylvia Menassa announced during the second day of the US-Egypt Policy Leaders Forum.<\/p>\n

And there\u2019s more: <\/strong>Tech giant IBM inked an MoU with the ICT Ministry to train 100k individuals in a variety of tech specialties over the coming five years \u2014 20k people per year. Trainees will receive certifications in high-demand areas such as AI, data science, and cybersecurity. <\/p>\n

\n

<\/a> #2- <\/strong>A US Industrial Zone?<\/strong> President Abdel Fattah El Sisi expressed the country\u2019s willingness to facilitate the establishment of a US Industrial Zone in the Suez Canal Economic Zone, as part of the country\u2019s aspirations to become a major industrial hub for US industries. This came during a meeting<\/a> that brought together cabinet members and President and CEO of the US Chamber of Commerce Suzanne Clark and Apache\u2019s CEO John Christmann. <\/p>\n

Discussions also touched on: <\/strong>The two sides discussed priority investment sectors for Egypt \u2014 CIT, AI, medical device and pharma production, automotive, renewables, construction and infrastructure, and food goods. The meeting followed the US-Egypt Policy Leaders Forum<\/a>.<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

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FACT CHECK-<\/p>\n

EGX-listed Ajwa Group clarified that it\u2019s not party to any M&A transactions with <\/strong>Saudi-based logistics firm Atco<\/strong>, stating that earlier comments<\/a> made by company Chairman Ahmed Tarek pertained to his personal interest in acquiring a stake in Atco, according to a disclosure (pdf)<\/a> to the bourse. <\/p>\n

THE BIG STORY ABROAD-<\/p>\n

France and Vietnam inked <\/strong>agreements valued at USD 10 bn<\/a><\/strong> yesterday <\/strong>during President Emmanuel Macron\u2019s visit to Hanoi, including purchasing 20 Airbus planes, as well as partnerships on nuclear energy and defense. Macron will be heading to Indonesia and Singapore next<\/a>, in a similar bid to bolster trade relations and get ahead of US trade agreements that could come at the expense of EU countries.<\/p>\n

OVER IN GAZA- <\/strong>Deadly airstrikes continued on schools-turned-shelters<\/a> and more targets in Gaza yesterday, with death tolls \u2014 estimated to be in the dozens overnight \u2014 increasingly hard to calculate due to the virtual collapse of medical services.<\/p>\n

Efforts to secure the ceasefire are facing increasing uncertainty<\/strong>, with Reuters reporting<\/a>earlier<\/a> Hamas accepted a proposal for a temporary truce by US special envoy Steve Witkoff, only for Witkoff himself to deny it later, calling the group\u2019s response \u201cunacceptable.\u201d<\/p>\n

ALSO- The Swiss-based Gaza Humanitarian Foundation <\/strong>announced it began<\/a><\/strong>distributing food<\/a><\/strong> to people in the enclave through its distribution hubs yesterday. The US and Israel-backed private group is already facing setbacks after its executive director Jake Wood resigned, stating that \u201cit is not possible to implement this plan while also strictly adhering to the humanitarian principles of humanity, neutrality, impartiality, and independence.\u201d Its chief operating officer, David Burke, reportedly resigned as well.<\/p>\n

<\/p>\n

*** 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

In today\u2019s issue: <\/strong>We look at how the hoped-for Egyptian data center boom could cause a significant strain on our water resources. <\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, all. We hope you\u2019re keeping cool and ready to tackle the last hump day of the month. 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The news slowdown is dragging on as we approach the final weeks of the summer. THE BIG STORY TODAY- Foreign investments in local debt rise in May: Foreign investments in Egypt\u2019s t-bills sat at USD 37.5 bn (EGP 1.8 tn) by the\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2024\/8\/1215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581532,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/15\/a-rainy-post-valentines\/","url_meta":{"origin":665975,"position":1},"title":"A rainy post-Valentine\u2019s","author":"enterpriseam admin","date":"15 February 2023","format":false,"excerpt":"Good morning, wonderful people, and a very happy almost-THURSDAY. We have an absolutely stacked issue for you this morning, so we\u2019re going to jump right in.PSA #1- School\u2019s rained out in Alex: Schools across Alexandria will be closed today due to bad weather, Alexandria Governor Mohamed El Sherif announced in\u2026","rel":"","context":"In "What We're Tracking Today"","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\/2022\/12\/weather-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":673725,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/16\/egypts-new-public-debt-strategy-to-launch-in-december\/","url_meta":{"origin":665975,"position":2},"title":"Egypt\u2019s new public debt strategy to launch in December","author":"enterpriseam admin","date":"16 October 2025","format":false,"excerpt":"Good afternoon, friends, and congratulations on another successful workweek. THE BIG STORY TODAY- ?New public debt strategy set for December release: The Finance Ministry is planning to unveil its new public debt strategy this December, Finance Minister Ahmed Kouchouk told representatives from JP Morgan, Morgan Stanley, and Goldman Sachs in\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2025\/4\/754.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583579,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/15\/this-evening-will-misr-ins-holding-sell-a-20-stake-plus-credit-suisse-shares-hit-a-new-low\/","url_meta":{"origin":665975,"position":3},"title":"THIS EVENING: Will Misr Ins. Holding sell a 20% stake? PLUS: Credit Suisse shares hit a new low","author":"enterpriseam admin","date":"15 March 2023","format":false,"excerpt":"Happy almost-THURSDAY, wonderful people. We\u2019re nearly at the end of what has shaped up to be a rather busy week. THE BIG STORIES TODAY #1- The EGX30 extended its slide today, closing 4.15% down to bring the index\u2019s year-to-date return to a slim 0.9%. Qalaa Holdings, Sidi Kerir Petrochemicals, and\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2021\/7\/EGX-1600px-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":664355,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/","url_meta":{"origin":665975,"position":4},"title":"Egypt is close to receiving USD 300 mn budget support from AIIB","author":"enterpriseam admin","date":"28 April 2025","format":false,"excerpt":"Good afternoon, folks. This Monday brings a slew of budget news, and more international coverage of Trump\u2019s tariff-induced trade war. We might be seeing unrelated (directly, at least) changes to AI subscription prices \u2014 read ahead for the full picture.THE BIG STORY TODAY Egypt is closing in on USD 300\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2024\/9\/1485.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633887,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/22\/egypts-external-debt-sees-record-drop-in-may\/","url_meta":{"origin":665975,"position":5},"title":"Egypt\u2019s external debt sees record drop in May","author":"enterpriseam admin","date":"22 July 2024","format":false,"excerpt":"Good afternoon, wonderful people. We\u2019re already in the middle of the short workweek and very much looking forward to the long weekend. THE BIG STORY TODAY Egypt\u2019s external debt registers record decline in May: Egypt\u2019s external debt dropped to USD 153.9 bn at the end of May, down by USD\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2024\/7\/1730.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\/665975","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=665975"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665975\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665976"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665975"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665975"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}