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Sunday, 10 July 2016

Other stories worth noting: Khattab in running for top UNESCO job; Pepsi doing okay in Egypt; Erdogan doesn’t seem interested in reconciling with Egypt

Other stories worth noting this morning, whether for mention of Egypt, significance to international markets, or because it’s simply something we think you might want to know as we get back to the grindstone post-Eid:

  • Former Minister of Family and Population Moushira Khattab is said to be in the running to become the next director-general of UNESCO, according to Youm7.
  • Pepsi is doing alright in Egypt: The maker of sugary drinks posted double-digit growth in Egypt, China, Mexico and Turkey in the second quarter, the WSJ reports in a piece that focuses primarily on the company’s earnings outlook. The transcript of Pepsi’s earnings call is here (pdf; Egypt is mentioned on page 3).
  • Erdogan’s drive to mend fences with Russia and Israel is getting ink the WSJ. However, the piece notes: “Mr. Erdogan has shown no sign of willingness to reconcile with Egypt… unlike Israel and Russia, [Egypt] isn’t seen in Ankara as capable of threatening Turkey’s security.” Only hours after Erdogan once again ruled out reconciliation with Egypt on Tuesday, Egypt’s foreign ministry responding by calling Erdogan’s policies “blundering.”

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