Back to the complete issue
Thursday, 4 January 2018

Ismail Cabinet forms new Supreme Anti-Terrorism and Extremism Committee

The Ismail Cabinet agreed yesterday to form a new Supreme Anti-Terrorism and Extremism Committee, according to an official statement. The new body replaces the Supreme Anti-Terrorism Committee established by President Abdel Fattah El Sisi last year, but it remains unclear whether the new committee’s mandate and powers will be any different from its predecessor. The ministers also signed off on a list of prisoners that will receive a presidential pardon on the occasion of Police Day and the 2011 revolution anniversary on 25 January.

Also approved during the weekly meeting:

  • A EGP 1 bn financing agreement with the Kuwait Fund for Arab Economic Development to support development projects in North Sinai;
  • The EU’s EUR 432-528 mn financial and technical cooperation framework with Egypt for 2017-2022, which was signed in October;
  • Beginning of procedures to receive a USD 150 mn guarantee on the third USD 1 bn tranche of the World Bank’s USD 3 bn facility. The World Bank had agreed last month to expand the final tranche to USD 1.15 bn;
  • A trade cooperation agreement between Egypt and Gabon, including the establishment of a joint trade committee, which was signed in August;
  • A draft law to streamline property registration procedures in new urban communities;
  • A decision allowing the Housing Ministry to contract Dar Al Handasa to design the new administrative capital’s business park.

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.