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Thursday, 11 June 2020

Turkey rejects Egypt’s ceasefire proposal for Libya; WTO leadership battle + USD 249 mn for Sinai development

Shocking exactly nobody, Turkey has dismissed Egypt’s proposal for a ceasefire in Libya. Turkish Foreign Minister Mevlut Cavusoglu said the call for a ceasefire “does not seem sincere and credible,” describing the agreement as “stillborn” because it has not been accepted by both sides, according to Hurriyet.

The Donald had nicer things to say, praising Egypt’s efforts to reach a ceasefire agreement on a call with President Abdel Fattah El Sisi yesterday, Ittihadiya said.

Meanwhile:

  • Two-way WTO race? The World Trade Organization (WTO) has acknowledged former Nigerian finance minister Ngozi Okonjo Iweala’s candidacy to become the new director-general of the international trade body. Egypt has nominated Abdel Hamid Mamdouh, an Egyptian-Swiss lawyer, former trade negotiator for Egypt and an ex-WTO official, for the post.
  • Egypt has inked a USD 249 mn loan for Sinai Development from the Arab Fund for Economic and Social Development. Funding will be used to build the USD 1 bn Bahr El Baqar water treatment system
  • The House of Representatives has approved a USD 2.9 mn grant from South Korea to create an intellectual property database.

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