Back to the complete issue
Thursday, 21 April 2016

Kerry to look into invigorating Egypt’s economy he says during visit with El Sisi

Secretary of State John Kerry had a "very serious and very constructive" discussion with President Abdel Fattah El Sisi and Foreign Minister Sameh Shoukry during his visit yesterday, he told reporters, AP reports. "I will come back [to Cairo] with additional thoughts about ways in which we can work together to invigorate the economy, to attract investment, to create jobs, and also ways that we can work together in order to deal with Daesh particularly and to help Egypt in terms of the security concerns that it has today," Kerry stated. Washington sees Egypt as "critical" to regional peace and security, to which President Abdel Fattah El Sisi delivered a stern warning: "You have no idea what will happen to the region and to Europe if this nation collapses. We do not ignore human rights, but you must know that there are evil powers that work toward giving a negative impression about what is going on in Egypt."

Kerry, CNN notes, “showed strong support for the government of Egyptian President Abdel-Fattah el-Sisi in Cairo Wednesday, in an apparent effort to repair a public rift over human rights.”

The two sides downplayed human rights issues in their respective communiqués, but the U.S. media thrust the issue into the spotlight at State Department spokesman John Kirby’s briefing yesterday. The full readout on the presser is here, for those so inclined.

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.