• Monday, 19 October 2020

    What we’re tracking on 19 October 2020

    Good morning, friends, and welcome to a typically slow (but not dull) Monday, which oddly enough is usually the slowest news morning of the week. Today is a good day to: Take stock. Not inventory, but metaphysical stock about how...
  • Sunday, 18 October 2020

    Diplomacy + Foreign Trade on Sunday 18 October 2020

    Topping coverage on the foreign trade front: Egypt’s non-oil exports declined by just 3.5% y-o-y in 9M2020, totaling c. USD 18.15 bn compared to USD 18.8 bn in 9M2019, according to a General Organization for Export and Import Control (GOEIC)...
  • Thursday, 24 September 2020

    Diplomacy + Foreign Trade on 24 September 2020

    Topping diplomatic coverage this morning: Fourteen new ambassadors — including from Israel, Sudan, and Ethiopia — are now officially accredited in Egypt after presenting their credentials to President Abdel Fattah El Sisi yesterday, Ittihadiya said. Israel’s Amira Oron — who...
  • Monday, 21 September 2020

    Maersk blasts new customs act, arguing it violates international shipping agreements

    Does the new Customs Act contravene int’l trade + shipping agreements? Maersk seems to think so. The shipping line’s Egypt arm blasted the recently-passed Customs Act, claiming in a memo to the Alexandria Chamber of Shipping that some articles of...
  • Thursday, 10 September 2020

    Beltone, CI Capital and EFG Hermes will hold stakes in the commodities exchange

    Beltone, CI Capital and EFG Hermes will hold stakes in the new Egyptian Commodities Exchange (Egycomex), exchange boss Ibrahim Ashmawy tells us, though he did not outline who will own how much. Their shares will be part of a 49%...
  • Monday, 7 September 2020

    What we’re tracking on Monday, 7 September 2020

    The EGX30 closed yesterday in the red in the first session since last week’s selloff on Wall Street: The index lost 1% during trading yesterday, continuing a poor run of form that has seen it finishing in the red for...
  • Monday, 31 August 2020

    Diplomacy + Foreign Trade on 31 August 2020

    Foreign Minister Sameh Shoukry met with deputy head of the United Nations Support Mission in Libya Stephanie Williams to discuss efforts to reach a political solution to the conflict in Libya, a Foreign Ministry statement said on Sunday. Shoukry stressed...
  • Monday, 17 August 2020

    Diplomacy + Foreign Trade on 17 August 2020

    Egypt, Sudan push for binding GERD agreement as fresh talks get underway: Egypt, Ethiopia, and Sudan resumed yesterday African Union-sponsored talks to resolve the Grand Ethiopian Renaissance Dam (GERD) deadlock. A meeting between the three countries’ irrigation ministers, an AU...
  • Sunday, 16 August 2020

    Diplomacy + Foreign Trade on 16 August 2020

    Brinkmanship in the EastMed as Turkey refuses to back down in Greece gas standoff: Turkish President Recep Tayyip Erdogan said yesterday that Turkey “will not back down” from its gas exploration efforts in the eastern Mediterranean under threat of sanctions,...

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