Back to the complete issue
Thursday, 26 October 2017

What we’re tracking on 26 October 2017

**WE ARE USING A NEW DISPATCH PARTNER THIS MORNING. If you or your colleagues are using corporate email and need us to help you whitelist our new sender to guarantee deliverability, please reach out to us on

Expect a little more hassle on those flights to JFK from Cairo: EgyptAir announced it is “tightening security on its flights to New York following a request by US security authorities” starting today. Those measures include “more detailed searches of passengers and their luggage, and include interviews. The strict procedures will extend to unauthorized agricultural or veterinary products. The statement did not say if the change was linked to any new specific concerns or threats,” the Associated Press said.

An IMF mission is in town for a second review of the government’s economic reform program. The delegation, which will be here until 7 November, visited the Finance Ministry yesterday, where they met with Vice Minister of Finance Ahmed Kouchouk, a top ministry official tells AMAY. The official refused to disclose any details from the meeting, saying that a joint statement will be issued at the end of the visit with all the need-to-knows. The delegation will meet Vice Minister of Finance Amr El Monayer on Monday. On the agenda are also sit-downs with the Cabinet economic group and officials handling trade and industry, investment, petroleum, and social welfare issues, Kouchouk had said.

A delegation from the World Trade Organization should be wrapping its five-day visit to Cairo to discuss a draft of the trade group’s policy review of Egypt.

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.