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Sunday, 20 November 2016

What we’re tracking this week

President Abdel Fattah El Sisi starts a two-day visit to Portugal tomorrow, where he will meet recently elected president Marcelo de Sousa. It’s the first visit by an Egyptian president to Portugal in about 24 years. El Sisi spoke with Portuguese media about terrorism (“Egypt is fighting against terrorists in Egyptian soil. They are not insurgents or rebels, but terrorists”); tourism (“I wanted to reassure tourists …our tourist destinations are totally safe and stable, as are our airports”); and former Portuguese PM and now UN secretary-general-designate António Guterres (Egypt “supported his candidacy from the start”). Oh, and Trump, as we noted above.

The draft executive regulations of the value-added tax will apparently be presented to the business community for feedback this week, according to statements last week by Deputy Finance Minister Amr El Monayer to Al Ahram.

An auction of eight new cement production licences will reportedly take place on Tuesday, 22 November.

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