Back to the complete issue
Wednesday, 28 November 2018

What we’re tracking on 27 November 2018

The House of Representatives’ general assembly is in recess until 9 December, House Speaker Ali Abdel Aal said yesterday, according to Youm7. You can expect committee work to continue during the break.

Saudi Crown Prince Mohammed Bin Salman’s tour of Cairo is over this morning as the MbS leaves to continue his regional tour in Tunisia before heading to Argentina for Friday’s G20 summit. His visit to Egypt continues to get plenty of ink here and abroad. Surprising, though, is the dearth of news about new investments in Egypt by Saudi businesses, announcements of which had become the mainstay of high-profile visits such as this. Business talk in the press is limited to progress reports on already announced projects. MbS’ departure augurs well for anyone trying to get into or out of Garden City today after the traffic snarl caused by his takeover of the Four Seasons.

Tunisia won’t be as MbS-friendly as we were: The international press is having a field day with reports that MbS will be greeted with protests when he gets there, especially when compared to the warm greeting he received here.

Meanwhile, it’s the final day of the Cairo ICT expo,featuring a final panel discussion headlined “Controlling Social Media: A Step Forward or Backward?” There are no words. The conference agenda is here (pdf).

The Arab International Mineral Resourcesconference will also wrap up this afternoon. Here’s the agenda.

Foreign Minister Sameh Shoukry is heading to Sudan today to discuss Libya with the ministers of its neighboring countries, according to a ministry statement.

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.