{"id":674017,"date":"2025-10-22T00:00:00","date_gmt":"2025-10-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/22\/el-sisi-is-in-brussels-for-first-ever-eu-egypt-summit\/"},"modified":"2025-10-22T00:00:00","modified_gmt":"2025-10-22T00:00:00","slug":"el-sisi-is-in-brussels-for-first-ever-eu-egypt-summit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/22\/el-sisi-is-in-brussels-for-first-ever-eu-egypt-summit\/","title":{"rendered":"El Sisi is in Brussels for first-ever EU-Egypt Summit"},"content":{"rendered":"

Good morning, all.<\/strong> We have another busy issue for you this morning as we dive into the IMF\u2019s latest regional economic outlook, which sees local growth accelerating beyond previous predictions as inflows pick up. We also have the latest on yet another proposed tax facility to boost manufacturing and the government launching a fresh mortgage financing initiative. <\/p>\n

We don\u2019t expect the news flow to slow down <\/strong>with the first EU-Egypt summit kicking off in just a few hours. <\/p>\n

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<\/p>\n

The EnterpriseAM Egypt Forum is over. The insights are just getting started.<\/strong><\/p>\n

This year's forum was packed with actionable intelligence on the future of Egyptian business. To make sure you don't miss a thing, we're launching the EnterpriseAM Forum Playback<\/strong>.<\/p>\n

Every Thursday, you'll receive a special newsletter breaking down one key session <\/strong>\u2014 from the future of work to getting capital markets off life support. We'll also drop a companion podcast in our EnterpriseAM Egypt podcast feed so you can listen on the go.<\/p>\n

Want more?<\/strong> We're soft launching our YouTube<\/a> channel where we've dropped video highlights.<\/p>\n

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PSA- <\/p>\n

WEATHER- <\/strong>It\u2019s another sunny day in Cairo, with a high of 33\u00b0C and a low of 19\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s more or less the same in Alexandria<\/strong>, with a high of 32\u00b0C and a low of 19\u00b0C.<\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a> #1- Progress on the Japanese Industrial Zone? <\/strong>Japan\u2019s Toyota Tsusho could take on the development of the Japanese Industrial Zone under the industrial developer system, which allows private companies to develop land for industrial use and take care of its management, operations, and marketing. This came during a meeting<\/a> between company representatives and Suez Canal Economic Zone (SCZone) head Walid Gamal El Din during his promotional tour in Tokyo. <\/p>\n

REMEMBER-<\/strong> Prime Minister Moustafa Madbouly earlier this year invited<\/a> Japanese companies to establish a dedicated Japanese industrial zone in the SCZone. <\/p>\n

ALSO- During Gamal El Din\u2019s time in Tokyo<\/strong>, he met with representatives from Japanese food services provider Zensho Holding, where the two sides discussed launching joint food processing, packaging, and storage projects.<\/p>\n

\n

\n

#2- <\/strong>The government is planning to shorten the approval process for tourism <\/strong>projects from two years to one month<\/strong>, aiming to boost investment and streamline administrative procedures, according to an Investment Ministry statement<\/a>.<\/p>\n

\n

HAPPENING TODAY- <\/p>\n

<\/a> #1- President Abdel Fattah El Sisi is in Brussels for the first-ever <\/strong>EU-Egypt<\/a><\/strong>Summit<\/a><\/strong>, according to an Ittihadiya statement<\/a>. El Sisi will be joined by European Council President Ant\u00f3nio Costa and European Commission President Ursula von der Leyen to discuss strengthening political and economic ties under the EU-Egypt Strategic and Comprehensive Partnership<\/a> and build on Egypt\u2019s role as a key stabilizing force in the region, according to an European Council statement<\/a>.<\/p>\n

El Sisi is also set to hold a series of meetings on the sidelines of the visit<\/strong>, including with King Philippe of Belgium and several senior EU officials and European leaders, according to a separate Ittihadiya statement<\/a>.<\/p>\n

Egyptian and European leaders in the public and private sectors will take part in a day of <\/strong>discussions <\/strong>under the theme Implementing the EU-Egypt Strategic and Comprehensive Partnership: Accelerating Strategic Investment, Industrial Transformation and Innovation. Foreign Minister Badr Abdelatty and Investment Minister Hassan El Khatib will be among those taking to the stage, according to the draft agenda (pdf)<\/a>. <\/p>\n

REMEMBER-<\/strong>Last year, the <\/a>EU pledged a EUR 7.4 bn package<\/a> of loans, grants, and investments through to 2027 and inked a joint strategic and comprehensive partnership with Egypt. The package included a EUR 1.8 bn investment protection mechanism<\/a>, EUR 5 bn in concessional loans to provide macro-financial assistance, and EUR 600 mn in grants.<\/p>\n

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#2- It\u2019s the last day of the <\/strong>Arab-African Investment & International Cooperation<\/a><\/strong>summit<\/a><\/strong>. <\/strong>The four-day event, organized by the Arab Women Investors Union in Cairo, focused on sustainable development, international partnerships, and capital pathways for this year\u2019s edition.<\/p>\n

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#3-<\/strong> Want to pursue a career in sustainability? <\/strong>Then you should attend this year\u2019s Gre<\/a>en Talent Forum<\/a> \u2014 a virtual event for fresh talent looking to explore sustainable career paths. The forum will dive into sustainable supply chains, green energy, decarbonization, CSR, climate finance, and sustainable agriculture, with a group of regional and international experts leading the conversation. You can find the link to register for the event on the Localized website \u2014 but hurry up, the forum kicks off in just a few hours, at 12:45pm. <\/p>\n

DIPLOMACY-<\/p>\n

<\/a> Head<\/strong> of the General Intelligence Service Hassan Rashad met with Israeli Prime <\/strong>Minister Benjamin Netanyahu in Jerusalem yesterday <\/strong>to discuss moving forward with US President Donald Trump\u2019s peace plan<\/a>, Egyptian-Israeli relations and \u201cstrengthening the peace between the two countries,\u201d according to a statement<\/a> from the Israeli side. <\/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

** 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

\n

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

It\u2019s a busy morning in the international business press<\/strong>, while a Russia-Ukraine ceasefire looks further from reach after Russia rejected US President Donald Trump\u2019s ceasefire proposal, and a planned Russia-US summit in Budapest was shelved. (New York Times<\/a> | Reuters<\/a>) <\/p>\n

The biggest business headlines: <\/strong><\/p>\n

#1- Gold broke its record rally after seeing its steepest drop in years<\/strong>, as investors began to buy the dip in a rare pullback this year against the backdrop of a strengthening USD and easing trade tensions between China and the US. Spot gold fell 6% to USD 4.1k, after the precious metal climbed 28% YTD, with analysts now questioning whether this could mark the end of the metal\u2019s brilliant run and the start of a correction cycle. (Financial Times<\/a> | Reuters<\/a>) <\/p>\n

#2- OpenAI launched its own competitor to Google\u2019s search engine, Atlas<\/strong>, built around ChatGPT, sending shares of Google\u2019s parent Alphabet down 1.8% yesterday and intensifying competition between the two tech giants. (Reuters<\/a> | Bloomberg<\/a> | Financial Times<\/a> | Guardian<\/a>) <\/p>\n

#3- Netflix\u2019s shares also took a hit, falling more than 5% after missing its third-quarter earnings target<\/strong> due to a hefty tax expense in Brazil. (Reuters<\/a> | CNBC<\/a> | FT<\/a> | Wall Street Journal<\/a>) <\/p>\n

#4- In M&A news, Warner Bros rejected a c. USD 60 bn bid from Paramount Skydance<\/strong>, though it is open to selling its assets, with interested parties including Netflix and Comcast. (WSJ<\/a> | Reuters<\/a> | FT<\/a>) <\/p>\n

<\/p>\n

*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> EnterpriseAM\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n

In today\u2019s issue: <\/strong>We take a deep dive into what\u2019s driving \u2014 and also holding back \u2014 the recovery of the country\u2019s real estate market. <\/p>\n","protected":false},"excerpt":{"rendered":"

El Sisi is set to hold a series of meetings on the sidelines of the visit<\/p>\n","protected":false},"author":1,"featured_media":674018,"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":[96,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-674017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-abdel-fattah-el-sisi","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"20a3b4af-543b-4686-bc78-2bb25bc2f292","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/10\/1079.jpg","photo_position":"above","homepage_title":"","full_issue_title":"El Sisi is in Brussels for first-ever EU-Egypt Summit","related_issue":[674015],"teaser":"El Sisi is set to hold a series of meetings on the sidelines of the visit","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.5c5b99ad-3327-48e1-89fa-c01849e866eb.mp3"},"yoast_head":"\nEl Sisi is in Brussels for first-ever EU-Egypt Summit - 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We hope you\u2019re looking forward to a relaxing weekend with family and friends as much as we are.THE BIG STORY here at home this morning? It\u2019s got to be energy, with news of everything from USD 1.5 bn in financing\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598224,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/salman-invites-el-sisi-to-attend-islamic-cooperation-summit\/","url_meta":{"origin":674017,"position":1},"title":"Salman invites El Sisi to attend Islamic cooperation summit","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"Egypt and Saudi\u2019s close ties are the theme of the morning in state-owned newspapers, with an invitation from Saudi Arabia\u2019s King Salman to President Abdel Fattah El Sisi to attend an Organization of Islamic Cooperation summit topping the front pages of Al Ahram, Al Gomhuria, and Al Akhbar. In a\u2026","rel":"","context":"In "ON THE FRONT PAGES"","block_context":{"text":"ON THE FRONT PAGES","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-front-pages\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599431,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/el-sisi-in-japan-for-g20-summit\/","url_meta":{"origin":674017,"position":2},"title":"El Sisi in Japan for G20 summit","author":"enterpriseam admin","date":"27 June 2019","format":false,"excerpt":"El Sisi in Japan for G20 summit: Both Al Ahram and Al Gomhuria\u2019s websites are still down (at this point we\u2019re wondering if they will ever have functioning websites again). President Abdel Fattah\u2019s Al Sisi\u2019s participation in the G20 summit in Japan tops the front page of Al Akhbar, one\u2026","rel":"","context":"In "ON THE FRONT PAGES"","block_context":{"text":"ON THE FRONT PAGES","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-front-pages\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596349,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/el-sisi-meets-merkel-other-world-leaders-during-g7-summit\/","url_meta":{"origin":674017,"position":3},"title":"El Sisi meets Merkel, other world leaders during G7 summit","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"El Sisi meets Merkel, other world leaders during G7 summit: Germany values the strong economic and trade ties with Egypt, German Chancellor Angela Merkel told President Abdel Fattah El Sisi yesterday on the sidelines of the G7 summit in Biarritz, France, according to an Ittihadiya statement. El Sisi, who is\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/102.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567872,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/around-the-world-on-9-december-2020\/","url_meta":{"origin":674017,"position":4},"title":"Around the world on 9 December 2020","author":"enterpriseam admin","date":"9 December 2020","format":false,"excerpt":"The big story of the morning globally is the rollout of a covid-19 vaccine in the UK, as we note in What We\u2019re Tracking Today, above. Otherwise, UK Prime Minister Boris Johnson is in Brussels today for a final push on a possible Brexit agreement with the EU, the US\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556161,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/sisi-gives-speech-at-visegrad-group-summit\/","url_meta":{"origin":674017,"position":5},"title":"Sisi gives speech at Visegrad Group summit","author":"enterpriseam admin","date":"13 October 2021","format":false,"excerpt":"Hungary pushes EU to give Egypt more support on anti-terrorism + economic recovery: The EU should accept Egypt as a strategic partner and provide security and economic assistance to Egypt to help build the economy and protect its borders, Hungarian Prime Minister Viktor Orban said at a joint press conference\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/674017","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=674017"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/674017\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/674015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/674018"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=674017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=674017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=674017"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=674017"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=674017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}