Back to the complete issue
Wednesday, 12 April 2017

Diplomacy and foreign trade on 12 April 2017

Three business delegations from Poland will visit Egypt in April, Deputy Trade and Industry Minister Ahmed Antar says, Al Mal reports. Representatives from state-owned companies producing railway cars will visit end of this week, followed by a Polish Agriculture Ministry delegation and company representatives who will visit 22-24 April to discuss investing in the 1.5 mn feddans project. Execs from renewable energy companies will visit 27-29 April, Antar adds. In mid-May, a delegation from Polish Special Economic Zones will visit to discuss establishing a Polish Industrial Zone in the Suez Canal Economic Zone. This comes ahead of the planned visit by the Polish President Andrzej Duda in 2H17, with 250 company representatives.

Defense Minister Sedki Sobhi met with a US Congressional delegation in Cairo yesterday, during which the congressmen reaffirmed the US administration’s support for Egypt in its fight against terrorism, Ahram Gate reports. Members of the delegation have been nudging Egypt to increase its transparency in order to obtain more military aid and assistance from the US, as we noted yesterday.

President Abdel Fattah El Sisi met with Germany’s Food and Agriculture Minister Christian Schmidt in Cairo yesterday, according to a statement from Ittihadiya.

Egypt signed an EUR 10 mn grant agreement with the EU to support women’s rights and empowerment, according to an Investment and International Cooperation Ministry statement. The grant will be directed towards the National Council for Women to fund the national plan to stop female genital mutilation and empower families, Minister Sahar Nasr says.

Sudan’s decision to impose a visa requirement on Egyptian men aged 18-50 to visit is “to prevent terrorists from entering the country,” the Sudanese foreign ministry said, according to Ahram Online. Sudan imposed restriction last weekend, a few days before a planned visit by Foreign Minister Sameh Shoukry to Khartoum that was postponed afterwards. An Egyptian Foreign Affairs Ministry source called the timing of the decision “odd.” Egypt has had an entry visa requirement for all Sudanese men aged 18-50 for some time now, and its visa, unlike the Sudanese one, is not for free.

(Want more on Egypt-Sudan relations? Al Monitor has a very detailed timeline of the escalating beef between Egypt and Sudan over Halayeb and Shalatin.)

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.