{"id":673435,"date":"2025-10-13T00:00:00","date_gmt":"2025-10-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/13\/trump-lands-in-sharm-el-sheikh-in-hours-for-gaza-summit\/"},"modified":"2025-10-13T00:00:00","modified_gmt":"2025-10-13T00:00:00","slug":"trump-lands-in-sharm-el-sheikh-in-hours-for-gaza-summit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/13\/trump-lands-in-sharm-el-sheikh-in-hours-for-gaza-summit\/","title":{"rendered":"Trump lands in Sharm El Sheikh in hours for Gaza summit"},"content":{"rendered":"

Good morning, friends and happy Monday to you all. <\/strong>We have a brisk issue for you this morning led by the latest EGP \/ USD exchange rate fluctuations and real estate news. We also have plenty to look forward to today with the international summit on Gaza kicking off in a few hours. <\/p>\n

PSA- <\/p>\n

WEATHER- <\/strong>It\u2019s another cool day in Cairo, with a high of 29\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 27\u00b0C and a low of 20\u00b0C.<\/p>\n

HAPPENING TODAY-<\/p>\n

<\/a> #1- We\u2019re hours away from seeing world leaders gather in Sharm El Sheikh for the <\/strong>international summit to finalize the Gaza ceasefire agreement. <\/strong>The summit \u2014 hosted by President Abdel Fattah El Sisi and US President Donald Trump \u2014 will see no Israeli officials or Hamas representatives in attendance, according to AFP<\/a>. <\/p>\n

The summit is the final step after days of negotiations, which ended with Israel and <\/strong>Hamas reaching an agreement to establish a ceasefire and end the war in Gaza. <\/strong>Under the US-brokered agreement<\/a>, Hamas will release remaining Israeli hostages by midday today in exchange for Israel freeing more than 1.9k Palestinian prisoners, BBC<\/a> reports. Trump is expected to meet Israeli Prime Minister Benjamin Netanyahu and President Isaac Herzog in Jerusalem early today before heading to Egypt.<\/p>\n

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<\/a> #2- It\u2019s day two of <\/strong>Cairo Water Week<\/a><\/strong>.<\/strong> The annual event to discuss innovative solutions for climate resilience and water sustainability kicked off yesterday at New Cairo\u2019s Triumph Luxury Hotel and will wrap on Thursday. Expect a packed schedule featuring workshops, exhibitions, and sessions around adaptation to climate change, water resource management, nature-based solutions, and sustainable infrastructure. The event will also host competitions for young inventors and showcase new technologies aimed at advancing the water sector in Egypt and the region.<\/p>\n

President Abdel Fattah El Sisi kicked off day one yesterday with a <\/strong>virtual speech<\/a><\/strong>describing <\/strong>water security as an \u201cexistential issue\u201d facing the country<\/strong>, given that 98% of the population relies on \u201ca single source that originates outside its borders: the Nile.\u201d<\/p>\n

El Sisi called out Ethiopia's recent opening of the Grand Renaissance Dam<\/strong>, which has caused flooding in Sudan and Egypt, and called for a legally binding water management agreement to regulate the operation of this dam. The river is the \u201cshared property of all the countries it runs through and a collective resource that cannot be monopolized,\u201d he argued.<\/p>\n

On the sidelines of day one, the National Water Research Center and the Dutch IHE Delft <\/strong>Institute for Water Education signed a cooperation protocol <\/strong>to enhance research, training, and capacity building, according to a statement<\/a>. <\/p>\n

\n

WATCH THIS SPACE-<\/p>\n

#1-<\/strong> The Energos Winter floating storage and regasification unit <\/strong>is a <\/strong>backup in case Israel<\/strong> \u2014 <\/strong>once again<\/a><\/strong> \u2014 cuts off gas supplies<\/strong>, Asharq Business<\/a> reports, citing an unnamed government source. The newly operational 450 mcf\/d Energos Winter is currently only running at a fraction of its capacity, processing only 70 mcf\/d from its berth in Damietta, while the four other docked units receive the bulk of incoming shipments.<\/p>\n

The unit came online just as the number of LNG incoming shipments dropped sharply<\/strong> \u2014 from a planned 19 this month to just six, a government source told EnterpriseAM last week<\/a>. The previous month also saw fewer shipments received than initially planned amid falling domestic consumption. Egypt is now expected to import between 20 and 24 shipments during the final quarter of the year, compared to a previous target of 40 shipments<\/a>, the source said.<\/p>\n

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#2- Egypt to head ISO for three years: <\/strong>Egypt has assumed the presidency of the International Organization for Standardization (ISO) after securing the support of 63 countries, the Industry Ministry said in a statement<\/a>. Chairman of the Egyptian Organisation for Standardization and Quality (EOS) Khaled Soufi will serve as president from 2026 to 2028, making him the first Arab and second African to hold the position since ISO\u2019s founding.<\/p>\n

\n

EGX WATCH-<\/p>\n

<\/a> Shares of all listed cement producers closed in the green yesterday <\/strong>after <\/strong>the government unveiled <\/strong>temporary incentives<\/a><\/strong> to boost local supply. <\/strong>Sinai Cement and Arabia Cement both jumped the maximum 20%, while Misr Cement rose 17.8%. The sector, which has struggled with overcapacity and weak margins in recent years, could see temporary relief if the incentives lead to higher throughput and improved pricing stability.<\/p>\n

REMEMBER- <\/strong>The Industry Ministry announced that factories increasing output this month will receive one-time discounts on fees tied to amendments in their production-capacity licenses. The measure is designed to encourage higher utilization, stabilize prices, and ensure adequate domestic supply. The move follows a July directive that gave cement factories one month<\/a> to restart idle production lines as part of efforts to balance supply and demand in the local market. <\/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

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n

CIRCLE YOUR CALENDAR- <\/p>\n

The <\/strong>Neo<\/a><\/strong>Gen PropTech and Sustainable Smart Cities Conference<\/a><\/strong> will kick <\/strong>off on <\/strong>15 December in the new capital. <\/strong>Some big names from the private and public sectors will be taking the stage to discuss emerging proptech trends, real estate sustainability, the importance of data and digitization, and more.<\/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

\n

\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

ICYMI- Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing, we looked at new investment windows across 28 priority sectors announced by the Industry Ministry in a bid to bolster local manufacturing. Check out the story here<\/a>. <\/p>\n

\n

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

Trump heads to the Middle East to finalize ceasefire agreement: <\/strong>US President Donald Trump is en route to Egypt and Israel to mark the US-brokered ceasefire and hostage exchange agreement between Israel and Hamas. The visit comes as the first phase of the agreement \u2014 including hostage releases and a partial Israeli withdrawal from Gaza \u2014 is being implemented. Trump will first visit Israel to meet with Israeli officials and address parliament before attending a Gaza-focused summit in Sharm El Sheikh which he will be co-hosting with President Abdel Fattah El Sisi. (Associated Press<\/a> | New York Times<\/a> | BBC<\/a>)<\/p>\n

We have more on that in the news well, above. <\/p>\n

Meanwhile in Europe, Macron faces political turbulence: <\/strong>French President Emmanuel Macron announced a new cabinet as he and reappointed Prime Minister Sebastien Lecornu face pressure to form a stable government and prevent another collapse. Lecornu, who stepped down last week before being reappointed Friday, now needs to rally support from centrist allies to survive looming no-confidence votes in parliament. With Macron\u2019s popularity slipping and his coalition reduced to a weak minority, both opposition and allied parties have criticized him for refusing to scale back his agenda. (Bloomberg<\/a> | Financial Times<\/a> | Reuters<\/a> | AP<\/a> | France 24<\/a>) <\/p>\n

And, tensions are rising between Washington and Beijing: <\/strong>China has accused the US of escalating the trade war after Trump announced plans<\/a> to impose a 100% tariff on Chinese exports and widen export control starting November, the Financial Times<\/a> reports. China\u2019s Commerce Ministry criticized the US for blacklisting Chinese firms and abusing national security measures, warning it would take \u201ccorresponding measures\u201d if the tariffs proceed. <\/p>\n

<\/p>\n

*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p>\n

In today\u2019s issue:<\/strong> We look at our higher education sphere and what the Madbouly government is doing to attract more foreign investors to the scene. <\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends and happy Monday to you all. We have a brisk issue for you this morning led by the latest EGP \/ USD exchange rate fluctuations and real estate news. We also have plenty to look forward to today with the international summit on Gaza kicking off in a few hours. PSA- WEATHER- […]<\/p>\n","protected":false},"author":1,"featured_media":673436,"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":[7204],"tags":[72,167,6984,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-673435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-gaza","tag-middle-east-politics","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"f0cdaff1-c1df-467f-aca6-f39f3ce763af","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/10\/562.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Trump lands in Sharm El Sheikh in hours for Gaza summit","related_issue":[673433],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.78c1bd6f-816d-4488-b479-9018cc0d5627.mp3"},"yoast_head":"\nTrump lands in Sharm El Sheikh in hours for Gaza 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\/2025\/10\/13\/trump-lands-in-sharm-el-sheikh-in-hours-for-gaza-summit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump lands in Sharm El Sheikh in hours for Gaza summit\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends and happy Monday to you all. 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We hope the long weekend left you refreshed and ready to tackle another work week. We kick off the week with a macro-heavy issue, diving into the latest inflation and current account figures and the S&P upgrading our credit rating for the first time in years. 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