Back to the complete issue
Monday, 2 July 2018

Egypt should focus on the valuable lessons it stands to learn from the World Cup

El Erian on Egypt’s dismal World Cup showing: There’s lots to learn. Egyptians shouldn’t be playing the “blame game” because there’s a lot to learn from the national football team’s defeat at the 2018 World Cup, Allianz chief economist Mohamed El Erian writes for Project Syndicate. Lessons — such as managing expectations, capitalizing on existing strengths, seeing things through to the end, and understanding the scope of international exposure — “can be applied well beyond soccer – and well beyond Egypt,” he says.

The lessons are obviously lost on the Egyptian Football Association, which is still fixated on finding someone (thing) to hold responsible. The latest culprit: Fasting for long hours during Ramadan during World Cup prep time, EFA head Hany Abo Rida reportedly said, according to RT. The BBC’s Piers Edwards also attempted to analyze “what went wrong for African teams in Russia.”

Some monkey made public Mo Salah’s home address in Cairo. The 26-year-old Liverpool striker stepped out into the street to greet the mob and sign autographs “with no sign of anger or irritation,” says RT.

Also making headlines this weekend:

  • US lawmakers are pressuring Egypt to cover the medical expenses of an American citizen injured in an airstrike in the Western Desert that hit a tourist convoy that was mistaken for a terrorist group on the move, Al Monitor reports.
  • Global Data Energy published a detailed history on Egypt’s electricity sector development and diversification since the 1960s.
  • Shocker: Turkey’s unhappy with Egypt. Joint exercises between the militaries of Egypt, Greece and Cyprus in the Mediterranean are “a source of serious concern” to the nutter in Ankara, a Turkish political scientist argues in an interview with Sputnik.
  • Egypt won’t build refugee camps for migrants deported from the European Union, Deutsche Welle reports, joining Albania, Morocco, Tunisia and Algeria in doing so.
  • The Grand Egyptian Museum is getting plenty of attention from the Associated Press.
  • World’s largest coal-fired power station: The International trade press is picking up on the Hamrawein “clean coal” plant being built by the Hassan Allam-Dong Feng-Shanghai Electric consortium.
  • Amnesty denounces mass trial: Amnesty International issued a statement denouncing the mass trial of 739 people for their connection to the 2013 Rabaa sit-in as a “grotesque parody of justice.”

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.