Back to the complete issue
Sunday, 17 September 2017

Morsi’s 25-year prison sentence in Qatar espionage case tops Egypt coverage

Topping coverage of Egypt in the foreign press this morning is former president Mohamed Morsi receiving a 25-year prison sentence in the Qatar espionage case. The final ruling, which the Court of Cassation issued yesterday, reduced the sentence from an original of 40 years, Reuters reports.

Egypt is giving privatization and economic reforms another go, but the impact might not be felt on the street, The Economist suggests in its print edition. The newspaper laments the small stakes on offer in the state-owned companies set to be listed, saying they “buyers’ ability to carry out restructuring.” The newspaper suggests that the potential sales “may help the state’s balance-sheet. But they will not fix dismal public infrastructure and hospitals.”

Over 250 eminent persons from some 50 countries, including 20 heads of state and government and 90 Nobel laureates, have signed a letter of support for Ismail Serageldin, Science Magazine reports. Serageldin has been handed a preliminary prison sentence, but his appeal is scheduled for this week. The letter’s signatories say they “launched this campaign and plan to send the letter with the many eminent signatures to the media.” Local figures had also penned a similar letter last month.

Other stories worth noting in brief:

  • The Islamist insurgency in North Sinai is “still not really under control” four years on, despite security forces receiving bns in counterterrorism aid from the United States, the Washington Post says.
  • Opinion writers at China’s Global Times hope that Egypt could become the next member of the BRICS.
  • Egypt is capitalizing on high-profile visits from world leaders and celebrities, as well as slashing costs and spending mns on upgrading airport security in a bid to boost tourism, Quartz says.
  • Human Rights Watch is accusing Egyptian authorities of violating the basic rights of a couple with allegedly have Ikhwan ties.

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.