News that Prince Alwaleed bin Talal is looking to invest USD 800 mn in Egypt is topping headlines on Egypt in the foreign press this morning. We covered the news yesterday and Talaat Moustafa Group confirmed it to the EGX. Reuters carries the facts and Bloomberg has comments by Investment Minister Sahar Nasr saying bin Talal is “a global investor and he compares between places to decide where to invest… He sees that the business environment is now attractive and he is committed to investing in Egypt.”

The investment is “a vote of confidence in Egyptian tourism, which has been battered in recent years,” Dennis Schaal writes for Skift, the influential industry bible.

Egyptian media needs to reevaluate its standards and professionalism, according to Arab News’ Shounaz Mekky. Although Egypt’s media authorities censor content and regulate the industry, moves such as the recent three-month suspensions of hosts Reham Saeed and Doaa Salah after they pulled Jerry Springer-like stunts on TV are not enough to heal the deeper issue. The real problem to be addressed is that simply following what the audience wants in the pursuit of ratings is pushing TV programs farther away from professional standards and quality content, Mekky says.

Also worth noting in brief:

• “The FDI increase shows that Egypt is on the right track due to the laws for economic reform and fighting corruption in addition to the new investment law that lures investors,” Parliament member Bassant Fahmy tells Xinhua.
• Will Egypt’s Cairo Metro fatwa kiosks help curb fundamentalism or increase it? Ashraf Ramelah asks in a piece for Arutz Sheva.
• Egypt’s opposition is hindered by its attachment to the state and nationalist principles, says Maged Mandour for Open Democracy.
• The Scanpyramids project is back in the headlines, with Newsweek noting archeologists’ attempts to find the exact location of a secret room discovered inside the Great Pyramid of Giza.
• Egyptian football referee Ibrahim Nour Eldin was attacked by players, officials, and fans of Jordan’s Al Faisaly club after they lost the Arab Championship final to Tunisia’s Esperance, BBC reports.
• Tom H. Hastings asks if US President Donald Trump’s move to increase the number of generals in his staff is turning the White House “into Egypt,” in a short opinion piece for a Colorado-based online magazine.