Back to the complete issue
Wednesday, 5 April 2017

Live from DC: the economic angle of El Sisi’s state visit

Last night’s coverage of President Abdel Fattah El Sisi’s visit to Washington took on more economic undertones.

Hona Al Asema’s Lamees El Hadidi spoke to AmCham Egypt President Anis Aclimandos about El Sisi’s DC meeting with representatives of dozens of major US corporations. Black & Veatch, GE, and IBM were among those that in attendance that Aclimandos describes as “constructive,” as the questions were more focused on where and how to invest, not the obstacles to doing so (watch, runtime 5:48).

Egypt-US Business Council Chairman Omar Mohanna also came out of the meeting feeling optimistic. He told Lamees that the companies at the meeting asked questions mainly about Egypt’s plan for infrastructure development and financial inclusion (watch, runtime 9:07).

Lamees also sat down with former CIA Chief James Woolsey, who said he was happy to see Egypt-US relations return to normal (watch, runtime 11:17).

Masaa’ DMC’s Osama Kamal talked to US-Egypt Business Council Executive Director Steve Lyons, who gave Egypt his vote of confidence and said he will lead a delegation of CEOs to Egypt (watch, runtime 8:13).

Investment Minister Sahar Nasr told Kol Youm’s Amr Adib that the Investment Act could soon see the light and that she personally spoke to House Economic Committee Chair Amr Ghallab to urge him to bring the bill to a plenary session as fast as possible (watch, runtime: 7:00).

Adib also spoke to Foreign Affairs Minister Sameh Shoukry about El Sisi’s meeting with US congressional members, which he said focused on Middle East peace and counter-terrorism efforts (watch, runtime 4:51).

Meanwhile on Al Hayah Al Youm, Deputy Finance Minister Amr El Monayer talked about tax reform. (watch, runtime: 4:02).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.