Back to the complete issue
Tuesday, 27 August 2019

El Sisi’s attendance at the G7 summit and a USD 500 mn Lulu Hypermarket agreement received talk show coverage last night

It was a quiet night on the airwaves yesterday, with President Abdel Fattah El Sisi’s meetings with Trump and Boris Johnson on the sidelines of the G7 summit meriting only a brief mention by Masaa DMC’s Eman Hosary (watch, runtime: 00:21). The president mainly focused on exploring solutions to Africa’s challenges, fighting terrorism and climate change during his France visit, she noted (watch, runtime: 00:39).

Egypt officially joined the Metz Charter on Biodiversity during the summit, Hosary said (watch, runtime: 00:36). The charter aims to promote the implementation of the three Rio conventions on climate, desertification and biological diversity. Africa is the continent most impacted by climate change despite accounting for only a fraction of the world’s emissions, El Sisi reportedly said. We have more on the El Sisi’s visit to the G7 in this morning’s Speed Round, below.

It’s a busy week for El Sisi, who will be meeting with African and Asian businessmen this week on the sidelines of the Tokyo International Conference on African Development (TICAD), El Hekaya’s Amr Adib said (watch, runtime: 02:00). The event is being co-chaired by Egypt and Japan and runs from 28-30 August.

A USD 500 mn agreement signed with India’s LuLu Hypermarket also earned some airtime with Hona Al Asema’s Lama Gebriel (watch, runtime: 00:38). We have more on the agreement in the Speed Round, below.

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.