Back to the complete issue
Sunday, 11 June 2017

Diplomatic moves against Qatar mean vindication for El Sisi -AP

Once again, the drama with Qatar is what’s on everyone’s mind when it comes to both Egypt and the Middle East. Leading coverage of Egypt is the notion that President Abdel Fattah El Sisi’s repeated statements on Qatar’s financing of militants have been vindicated. Pressure from Egypt and the GCC may push Qatar to go as far and expelling Ikhwan members hiding out in Doha, Hamza Hendawi writes for The Associated Press. Positioning Egypt along a unified front with the other GCC states could help revive the Gulf’s interest in keeping Egypt’s economy moving, according to Hendawi. He does point to the possible risk of cutting off Egypt from USD mns in remittances from expats in Qatar.

Most other articles rehash old talk of the US’ reactions to the blockade, including a piece from the Wall Street Journal on how its backing of the alliance against Qatar could inflame regional sectarian conflicts. Others again focused on Al Jazeera being at the heart of the Qatar campaign and the risks the channel faces of being wrist-slapped. AP is also picking up on the pseudo-journalism outlet claiming that it has been the subject of increasing cyberattacks since the blockade commenced.

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.