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Tuesday, 22 August 2017

What we’re tracking on 22 August 2017

It was another slow day in Omm El Donia yesterday as families with kids at international schools slowly trickled back to campus and the rest of the business community got in some more time in Sahel. With Q2 earnings season now behind us, the VIX index for business and finance news in Egypt will be high the next week and a half heading into the 31 August long weekend. We’re all back by 5 September for what we expect will be a very busy fall. But don’t fret: It seems there will be plenty of international business news to keep us occupied in the interim

Yo, Jared — you here? A US delegation headed by Jared Kushner is due in Cairo this week for a sit-down with the foreign ministers of Egypt, Jordan and Palestine as part of the Trump administration’s drive to reach some form of peace pact between Tom and Jerry next door.

Also in town: A UK security delegation is in Cairo for three days to inspect security procedures at Cairo International Airport, according to Ahram Gate. At stake: The lifting of the UK’s ban on the in-cabin use of electronic devices on flights to London out of CAI. The US, whose electronic ban had prompted the UK to implement its own restrictions, lifted its laptop ban on EgyptAir flights to New York back in July.

Cabinet roadshow in Singapore today to promote investment in Egypt’s ports: Investment Minister Sahar Nasr, Suez Canal Authority head Mohab Mamish, and Transport Minister Hisham Arafat in due Singapore today and will then head to Vietnam.

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