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Tuesday, 20 December 2016

Other stories on Egypt this morning: Egypt to outperform in 2017, Signal blocked in Cairo, Mohamed Abla’s new show

Other stories on or involving Egypt that are worth noting this morning, however briefly:

  • Egypt, Vietnam and Pakistan “were singled out as the frontier markets that would perform the best in 2017” in a poll of 80 frontier market investors with USD 1.5 tn in AUM carried out by FIM Management, the Wall Street Journal notes in passing.
  • Moxie Marlinspike’s Signal, which developed the encryption technology now baked into every WhatsApp conversation you start, claims that the Government of Egypt is blocking its super-encrypted chat app Signal, Vice’s Motherboard reports.
  • The Art Newspaper cites Mohamed Abla’s show of new works in Cairo “amid a moment of prolonged political agony in the country” as “a bright spot in an otherwise darkened Egypt.” The show, titled On the Silk Road, runs through Wednesday, 28 December at the Ofok Gallery, Mohamed Mahmoud Khalil Museum, in Cairo.
  • The Journal also reports that BP “has pulled off a string of [transactions] in recent weeks that signal the British oil giant is looking to grow again,” citing a USD 1 bn investment in an African offshore field, its acquisition of a stake in the Zohr concession in Egypt and new investments in both Indonesia and the Gulf of Mexico.
  • A new security threat? Also-ran newswire UPI carries a piece claiming that Egyptian Daeshbags fleeing to Egypt following the terror group’s reversals in Syria and Iraq will pose a new security challenge.

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