Ismail, Stuart discuss possibility of UK business delegation visit to Cairo: UK Investment Minister Graham Stuart and Prime Minister Sherif Ismail discussed the possibility of sending a British business delegation to Egypt to explore potential investment opportunities, according to a Cabinet statement. Ismail told Stuart, during a meeting in Cairo yesterday, that sectors such as petrochemicals, energy, railway and transport, as well as the administrative capital and other new cities, hold a lot of potential for UK investors.

Stuart also met with Trade and Industry Minister Tarek Kabil to talk trade relations ahead of Brexit, according to a UK embassy statement (pdf). Stuart, who’s in Cairo for two days to meet with state officials, had told us in an exclusive interview on Tuesday, that the UK was working to ensure the continuity of its freetrade agreements as it disengages from the EU and during its implementation period from 1 April 2019 to 31 December 2020. He also told us that the UK government is commiting USD 1.6 bn in funding to Carbon Holdings’ Tahrir petrochemicals complex.