Back to the complete issue
Wednesday, 22 November 2017

El Sisi met Lebanon’s Al Hariri in Cairo yesterday

President Abdel Fattah El Sisi met with Lebanese Prime Minister Saad Al Hariri in Cairo yesterday, according to an Ittihadiya statement. The discussion centered around political developments in Beirut, with El Sisi confirming Egypt’s commitment to Lebanese stability and rejection of any form of foreign interference in its internal affairs. Al Hariri, who thanked Egypt for the support in a press conference later, appears to be dragging his feet on his return to Lebanon today to clear up the confusion over his resignation. He had made another stop to Cyprus to meet its president last evening, according to Reuters. Al Hariri had announced his resignation during a visit to Riyadh earlier this month over alleged Iranian interference in Lebanese politics. El Sisi, together with French President Emmanuel Macron, are said to be “trying to mediate a solution that would involve rolling back Hariri’s resignation,” according to The Associated Press. The story is being widely covered by wires including Reuters and the AFP.

Also on El Sisi’s agenda yesterday was a phone call with Russian President Vladimir Putin, where talks revolved around regional developments, particularly the situation in Syria. The two also discussed aspects of the bilateral relationship including the nuclear energy sector and implementation of various projects, according to Sputnik’s coverage of Putin’s heavy diplomatic day.

Sudanese FM’s tactless comments earns unanimous condemnation fromParliament: The House of Representatives is in an uproar over statements made by Sudanese Foreign Minister Ibrahim Ghandour on Monday which basically accuses Egypt of eating into Sudan’s share of the Nile since a water treaty in 1959. In a rare show of unity, numerous MPs took to the local press to denounce the statement. Deputy Chair of the House National Security Committee Yehia Kedwany and MP Osama Sharshar called the statements proof of a conspiracy by regional countries to isolate and hurt Egypt, with the latter noting Ghandour linking the issue of the Grand Ethiopian Renaissance Dam with Halayeb and Shalatin as signs that Sudan is backing Ethiopia on political grounds. Other MPs have even accused Qatar of playing a hand in the situation, AMAY reports.

In other diplomacy news, Palestinian factions Hamas and Fatah entered the next phase of their reconciliation talks in Cairo on Tuesday, Bloomberg reports. The talks reportedly got off to a rocky start with Fatah waiting to resume complete administrative control of Gaza, which should happen 1 December, before tackling anything meaningful/

Egypt shuts down Rafah border crossing: This comes as the Palestinian Interior Ministry announced yesterday that Egyptian authorities decided to close down the Rafah border crossing as of Tuesday, the Anadolu Agency reports. The crossing, which was meant to open officially on 15 November under Palestinian Authority control, had been open for three days on Saturday.

The Turkish Egyptian Businessmen’s Association is studying setting up a 1 mn sqm Turkish industrial zone, probably in 10 Ramadan City, the association’s head said, according to Al Shorouk. Plans for the zone include Turkish development of the infrastructure in the zone in addition to Turkish financing for the projects there, he added. The move comes as Turkish companies plan to invest some USD 1 bn in Egypt over the coming period, he said.

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.