Back to the complete issue
Monday, 8 February 2021

Around the world on 8 February 2021

A HANDFUL OF REGIONAL DIPLOMACY STORIES:

Egypt resumes “infrastructure diplomacy” with Iraq: The “oil-for-reconstruction” mechanism agreed by Egypt and Iraq last year was the subject of talks between International Cooperation Minister Rania Al Mashat and a delegation of Iraqi officials last week, the ministry said in a statement, which offered no further details. The two sides signed 15 MoUs in November which could see Egyptian companies awarded infrastructure projects in Iraq in return for Iraqi oil.

The talks came as Egypt’s new ambassador to Iraq, Walid Ismail, presented his credentials to the Iraqi Foreign Ministry on Saturday. Ismail was appointed the new ambassador in July.

Foreign Minister Sameh Shoukry reiterated Egypt’s support for a diplomatic solution to the Yemeni crisis in a meeting with newly appointed Yemeni Foreign Minister Ahmed Awad BinMubarak yesterday, according to a cabinet statement.

Making headlines internationally: Tens of thousands of protesters have taken to the streets of Myanmar after last Monday’s military takeover, calling for the release of elected leader Aung San Suu Kyi. Some 1k people joined a protest in Naypyidaw and 60k in Yangon, while more protests were reported in other areas of the country. The story is everywhere in the global press from Reuters and the Associated Press to the Financial Times.

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.