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Sunday, 15 January 2017

What we’re tracking this week

Gold exploration tender: The bidding window for the Petroleum Ministry’s gold exploration tender in the Eastern Desert and Sinai opens on 15 January and ends on 20 April, Youm7 reported. The tender includes four areas in the Eastern Desert and one in South Sinai.

The African Cup of Nations 2017 kicked off last night, with hosts Gabon being dealt an early blow with a surprising 1-1 draw against Guinea-Bissau. Egypt has been lumped in with power house Ghana in Group D, and will play its first match against Mali on Tuesday, 17 January at 9.00 pm CLT. Egypt’s game comes amid a controversy over broadcasting rights that itself may threaten Egypt’s participation in future tournaments and CAF events. After the Egyptian Competition Authority (ECA) announced an official investigation into CAF broadcasting bidding practices and a probe of its head Issa Hayatou, members of the Egyptian Radio and Television Union (ERTU) announced they will broadcast Egypt’s matches regardless of who has the broadcast rights. The Egyptian Football Association issued a warning that the country risks being barred from CAF events for the coming two years if ERTU follows through with the threat, Al Mal reports. ECA head Mona El Garf is receiving a lot of flak on the opinion pages for her move against Hayatou and the CAF, as some fear the CAF HQ would be moved out of Cairo as a result.

The World Economic Forum takes place in Davos, Switzerland, this week, running 17-20 January.

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