Back to the complete issue
Thursday, 2 November 2017

On this day: 02 November

ON THIS DAY- The Balfour Declaration was made 100 years ago today. The declaration was a public statement issued by the British Foreign Secretary Arthur Balfour to Lord Walter Rothschild, a leader of the British Jewish community, during World War I announcing support for the establishment of a "national home for the Jewish people" in Palestine. It said “His Majesty’s government view with favour the establishment in Palestine of a national home for the Jewish people, and will use their best endeavours to facilitate the achievement of this object, it being clearly understood that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities in Palestine, or the rights and political status enjoyed by Jews in any other country.” Britain flew up to 6,000 troops to Fayed on this day in 1951 as the last phase of what has been described as the biggest airlift of troops since World War II, “in an effort to try to quell anti-British disturbances in the region.” The Arab League suspended Egypt’s membership on this day in 1978 for signing the Camp David Peace Accords with Israel. In 1976, Jimmy Carter was elected US President. In 2000, the first resident crew—including one American and two Russians—arrived at the International Space Station. Two years ago, we reported on President Abdel Fattah El Sisi outlining economic policy domestically and last year he gave a nod to new tax breaks and investment incentives, a day before Egypt moved its currency regime to a free float.

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.