Back to the complete issue
Monday, 8 March 2021

Around the world on 8 March 2021

A handful of international news worth knowing this morning:

  • Lebanon crisis: Lebanon’s caretaker PM Hassan Diab urged politicians to compromise and form a new government capable of securing international aid, warning that the collapsing currency will plunge the country into chaos, the Associated Press reports.
  • US-China: The US is organizing the first ever “Quad” summit with Japan, India and Australia this week, a sign that the loose alliance is stepping up efforts to contain China’s rise in Asia, Nikkei Asia says.
  • Yemen: Saudi Arabia has blamed the Biden administration’s decision to revoke its designation of the Houthi movement as a terrorist organization after at least eight drones were launched at the kingdom by the Iran-aligned militia, Bloomberg reports.
  • Switzerland: A far-right proposal to ban face coverings is now law in Switzerland after narrowly surviving a binding referendum, Reuters reports. The proposal was ostensibly put forth to stop violent street protesters from wearing masks, but also means burqas are now illegal.

IN DIPLOMACY: Implementing the permanent ceasefire reached between Libya’s two warring factions, which mandates the withdrawal of all foreign troops and mercenaries from the country, was the main topic of discussion between Foreign Minister Sameh Shoukry and UN Special Envoy for Libya Ján Kubiš, according to a statement. Shoukry and Kubiš met yesterday in Cairo to discuss developments in our neighbors to the west.

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.