Back to the complete issue
Sunday, 19 July 2020

Egypt in the News on 19 July 2020

The Grand Ethiopian Renaissance Dam continues to occupy the attention of the international press this morning. We have the latest in this morning’s Speed Round, above. (Bloomberg | New York Times | BBC | CBS)

Bloomberg took note of the amended Central Depository Act as a step towards opening up Egypt’s local debt instruments to foreign investors, saying the changes “could unlock more demand [for Egyptian] bonds,” which carry the fourth-highest return rate among 25 emerging markets. Advisor to the Finance Minister Nevine Mansour also told the business information service that the amendments mark significant progress towards Egypt’s goal of making its debt “Euroclearable” — allowing local debt issuance to be cleared with Belgium-based clearinghouse Euroclear.

Beblawi granted immunity from torture lawsuit: The US State Department has granted ex-PM Hazem El Beblawi immunity from a lawsuit filed by US citizen Mohamed Soltan for alleged torture and abuse, according to court filings released on Friday, the Washington Post reports.

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 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; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.