Back to the complete issue
Thursday, 17 December 2020

Around the world on 17 December 2020

IN DIPLOMACY: The UAE has joined the East Mediterranean Gas Forum as an observer, the presidency announced after a meeting between President Abdel Fattah El Sisi and Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed bin Sultan Al Nahyan, which also covered ramping up the UAE’s investments in Egypt and energy cooperation, Reuters reports.

Italy will sell USD 1 bn worth of arms to Egypt including frigates, trainer jets, navy patrol boats, and a military satellite, RT reports.

Seven Egyptian banks were accredited as trade finance intermediaries by Afreximbank in 2020, including CIB, National Bank of Egypt, Banque du Caire, Arab International Bank Egypt, Banque Misr, Emirates NBD Egypt, and the Export Development Bank of Egypt, according to a press release. These banks will now be able to extend Afreximbank’s initiatives and credit solutions to their clients as a way to facilitate the transformation and development of trade across Africa.

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. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank 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; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.