{"id":666784,"date":"2025-06-15T00:00:00","date_gmt":"2025-06-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/15\/us-mulls-adding-egypt-to-travel-ban-list\/"},"modified":"2025-06-15T00:00:00","modified_gmt":"2025-06-15T00:00:00","slug":"us-mulls-adding-egypt-to-travel-ban-list","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/15\/us-mulls-adding-egypt-to-travel-ban-list\/","title":{"rendered":"US mulls adding Egypt to travel ban list"},"content":{"rendered":"

Good morning<\/strong>, friends. <\/strong>Sadly, the world\u2019s focus is once again firmly on our part of the world as Israel and Iran enter into a dangerous escalation that risks opening up another depressing chapter in the region\u2019s history. We lead today\u2019s issue with how the war is already affecting Egypt and what scenarios could unfold from this unpredictable and worrying conflict.<\/p>\n

PSA- <\/p>\n

<\/a> T<\/strong>he opening of the Grand Egyptian Museum has been put on hold<\/strong>, and has now been pushed from 3 July to the last quarter of the year \u201cin light of current regional events,\u201d a Tourism Ministry statement said<\/a>. The decision came following Israel striking Iran on Friday morning and the continuing exchange of fire since.<\/p>\n

\n

<\/a> EgyptAir<\/strong> canceled all of <\/strong>its flights to Erbil and Baghdad in Iraq, Amman in Jordan, and <\/strong>Beirut in Lebanon <\/strong>until nations reopen their airspace and air traffic resumes, according to a statement<\/a> from the Civil Aviation Ministry. <\/p>\n

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WEATHER- Summery weather continues in Cairo today<\/strong>, with a high of 36\u00b0C, a low of 23\u00b0C, and partly cloudy skies, according to our favorite weather app.<\/p>\n

It\u2019s a fair bit cooler on the coast in Alexandria<\/strong>, with a high of 28\u00b0C, a low of 20\u00b0C, and partly cloudy skies<\/p>\n

** DID YOU KNOW that we now 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- The US is considering adding Egypt to its travel ban <\/strong>alongside 35 other nations that could join the 19 countries designated for full or partial travel bans<\/a> earlier this month, according to a State Department memo seen by the Washing<\/a>ton Post<\/a>. The targeted countries will have a 60-day deadline to meet certain demands, or have their nationals be subject to a partial or full travel ban, in addition to a Wednesday deadline to submit an action plan to meet them.<\/p>\n

The memo pointed to a wide range of concerns to address<\/strong>, including the number of nationals that overstay visas, the reliability of some governments\u2019 documents, government fraud, citizenship through investment as opposed to residency, and nationals in the US showing \u201cantisemitic and anti-American activity in the United States.\u201d Countries that agree to act as a \u201csafe third country\u201d for those deported from the US could be given more preferential treatment, according to the memo.<\/p>\n

American right wing news outlets had earlier questioned why Egypt wasn\u2019t on the travel <\/strong>ban list announced on June 4<\/strong>, especially after Trump pointed to an attack by an Egyptian national on a protest in support of Israeli hostages in Gaza just days earlier to argue why the travel ban was necessary. In response, Trump told reporters that \u201cEgypt has been a country that we deal with very closely. They have things under control. The countries that we have [on the travel ban list] don't have things under control.\u201d<\/p>\n

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<\/a> #2- All of the 53<\/strong> African nations China has diplomatic relations with will get tariff access <\/strong>to the world's second most populous market <\/strong>under a new pact soon to be negotiated and signed, Chinese Foreign Minister Wang Yi said<\/a> at the opening of the China-Africa Economic and Trade Expo. The scrapping of tariffs across the whole continent extends its existing policy for least developed countries to include middle-income nations, including Egypt, while adding additional support to least developed countries.<\/p>\n

China\u2019s approach to tariffs in Africa are in stark contrast to its geopolitical rival America<\/strong>, with some countries like Lesotho facing tariffs as high as 50%, prominent economies like South Africa facing 30% tariffs, and the lucky few like Egypt with a more accommodating 10% tariff under the Trump administration\u2019s new global tariff regime.<\/p>\n

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#3- <\/strong>Foreigners <\/strong>with permanent residency are exempt from personal vehicle import <\/strong>regulations<\/strong>, according to an official decision by the Investment Ministry reviewed by EnterpriseAM. The decision will apply to foreigners residing in Egypt and foreign students accompanied by their families if they are over 16 years of age, allowing them to purchase vehicles from abroad \u2014 granting them a similar treatment to diplomats and Egyptians living abroad.<\/p>\n

THE SMALL PRINT- <\/strong>There will also be no requirement to submit a document proving payment for the vehicle abroad. Instead, buyers will need to provide documentation showing the payment value of the vehicle through the bank transfer's SWIFT number.<\/p>\n

IN THE HOUSE-<\/p>\n

MPs <\/strong>will <\/strong>kick off discussions<\/a><\/strong> on the <\/strong>next fiscal year\u2019s draft budget when they meet this <\/strong>week<\/strong>, after the cabinet greenlit<\/a> the draft budget in March. The state is targeting a primary surplus of EGP 795 bn \u2014 or 4% of GDP \u2014 and reducing the public debt to 82.9% next fiscal year, as well as trimming the debt-to-GDP ratio to below 92%.<\/p>\n

WANT THE FUL<\/strong>L PICTURE?<\/strong> We have a dive into what can be expected from the next fiscal year\u2019s budget, which you can check out here<\/a>.<\/p>\n

ALSO ON THE AGENDA- <\/strong>The House will also discuss a protocol agreement between Egypt and the UAE to avoid double taxation and crackdown on tax evasion. The two parties signed<\/a> a supplementary agreement to avoid double taxation between them and clamp down on income tax evasion.<\/p>\n

HAPPENING TODAY- <\/p>\n

<\/a> IFC President Makhtar Diop is in Cairo to kick off a two-day trip to the country <\/strong>accompanied by the institution\u2019s newly appointed Vice President for Africa Ethiopis Tafara to \u201cadvance our mission: mobilize capital, create jobs, and deliver impact,\u201d the head of the IFC said in a post<\/a>.<\/p>\n

The IFC delegation will meet with<\/strong> President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouly, the cabinet, other senior government officials, alongside \u201cprivate sector leaders across diverse industries,\u201d according to a statement to the media seen by EnterpriseAM.<\/p>\n

The visit will \u201chighlight IFC\u2019s commitment to supporting Egypt\u2019s economic development <\/strong>by strengthening private sector participation<\/strong>,\u201d in addition to discussing gender inclusion, SME financing, and entrepreneurship collaboration with the private sector, according to the statement. But we are also on the lookout for some important updates about our airport privatization push \u2014 which we have tapped the IFC to give a helping hand with.<\/p>\n

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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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CIRCLE YOUR CALENDAR- <\/p>\n

AUC\u2019s<\/strong> Onsi Sawrisi School of Bu<\/strong>siness will host the annual Business Forward <\/strong>annual event on Tuesday <\/strong>under the theme Future Forward: Inspiring Business in 2025 to dive into how \u201cbusinesses are navigating economic turbulence while driving innovation, exports and sustainable industrial growth,\u201d according to a <\/span>s<\/a>tatement (pdf)<\/a> from the university. In addition, leading academics from the university, the events panels include insights from leading private sector players, including Travco Managing Director Moataz Sedky, Edita for Trade and Distribution CEO Alfred Younan, Talabat Egypt Managing Director Hadeer Shalaby \u2014 to name but a few, according to the <\/span>event\u2019s agenda (pdf)<\/a><\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

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

There\u2019s no shortage of front page news in the global press this morning<\/strong>, with the war between Israel and Iran into its third and even more concerning day, politically motivated assassinations shaking the US, and millions coming out to protest Trump\u2019s birthday bash military parade.<\/p>\n

The escalating conflict between Israel and Iran looks set to continue and become even <\/strong>more deadly<\/strong>, with strikes between the two countries continuing throughout the night and accompanied by Iranian vows to take revenge and Israeli Prime Minister Benjamin Netanyahu\u2019s threats<\/a> that attacks to come will be \u201cnothing compared with what they will be handed in the coming days.\u201d Since sparking the conflict on Friday morning with strikes on Iranian nuclear and military sights, in addition to assasination strikes on senior military figures and nuclear scientists, at least 138 Iranians and 9 Israelis have been killed.<\/p>\n

Last night\u2019s attacks saw Israel expand its targeting to include Iranian energy sites<\/strong>, including on the world\u2019s largest gas field and on oil facilities in the country. Adding to energy market jitters were Iranian threats to close the oil supply chokepoint Straight of Hormuz \u2014 potentially leading to the cutting off about 20% of the world\u2019s daily oil supply. (Reuters<\/a> | Associated Press<\/a> | New York Times<\/a> | Financial Times<\/a> | Wall Street Journal<\/a> | BBC<\/a> | Guardian<\/a>)<\/p>\n

While over in the states, a manhunt is on for a suspect alleged to have murdered a <\/strong>Democratic state politician Melissa Hortman and her husband<\/strong>, in what Minnesota Governor Tim Walz described as a likely \u201cpolitically motivated assassination\u201d. In a separate attack, the suspect is also understood to have shot Democratic state lawmaker John Hoffman and his wife, who are currently in hospital receiving treatment. (Reuters<\/a> | Associated Press<\/a> | New York Times<\/a> | Washington Post<\/a>)<\/p>\n

Also ranking high on the world\u2019s digital front pages is Donald Trump\u2019s military parade <\/strong>that was overshadowed by nationwide protests<\/strong>, which some outlets estimate numbered in the millions of protestors across more than 2k sites. The parade \u2014 purportedly to celebrate the 250th anniversary of the US Army, but also landing on Trump\u2019s 79th birthday \u2014 sparked protests under the banner No Kings in opposition to what they describe as creeping authoritarianism. (Associated Press<\/a> | CNN<\/a> | Washington Post<\/a> | New York Times<\/a>) <\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends. Sadly, the world\u2019s focus is once again firmly on our part of the world as Israel and Iran enter into a dangerous escalation that risks opening up another depressing chapter in the region\u2019s history. 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