Back to the complete issue
Wednesday, 28 November 2018

Egypt in the News on 28 November 2018

Mo Salah, animal lover, tops coverage of Egypt in the foreign press: Displacing MbS’ visit to Cairo from the global headlines is Liverpool star Mohamed Salah coming out to condemn a controversial — and unconfirmed — proposal to export our nation’s stray cats and dogs to countries that use them for food. The story is trending everywhere — even the BBC has picked it up.

The government has stepped up fines for citizens who build illegally on agricultural land, but the poor say they have nowhere else to go, Lena Masri and Ali Abdelaty write for Reuters. According to the newswire, illegal construction on farmland has gone up 40% annually since the 2011 uprising at a time where Egypt is in desperate need to plant its own crops to feed its rapidly growing population.

The Grand Egyptian Museum will become the world’s largest museum dedicated to a single civilization, Salma Islam writes for the Los Angeles Times. The new museum in Giza will showcase artifacts never shown before to the public, and features state-of-the-art facilities vital for the artifacts’ preservation. The museum’s ambitious plans come at a cost of USD 1.1 bn, however, which is financed by two Japanese loans.

Egypt’s efforts to curb population growth do not address the “root causes” of the issue, including economic inequality, Victor Cabrera writes for the Media Line. Recent policies designed to incentivize family planning are “reasonable,” but these must be paired with reforms to “liberalize and diversify” the country’s economy, according to Steven Mosher, president of the Virginia-based Population Research Institute. “It’s not just simply about economic growth; it’s about the distribution of that growth,” says Queen’s University Professor Geography and Planning, Mark Rosenberg. According to Rosenberg, economic growth “has not been effectively transferred to Egypt’s poorer classes.”

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; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.