Back to the complete issue
Sunday, 3 October 2021

Egypt nominated to host COP27

Egypt has been selected as the nominee to host the COP27 UN climate conference, which is scheduled to take place next year, US Climate Envoy John Kerry said yesterday, according to Reuters. The Conference of the Parties (COP) — countries that had signed the United Nations Framework Convention on Climate Change — is chaired by a different country representing a different region each year. President Abdel Fattah El Sisi officially announced Egypt’s bid to host the 2022 iteration — to be hosted in Africa — in an address to the UN general assembly last month. This year’s COP26 conference is set to take place in Glasgow in November.

IN OTHER DIPLOMACY NEWS- PM Madbouly discusses mega projects in sit-down with Jordanian counterpart: Prime Minister Moustafa Madbouly discussed bilateral ties and national mega projects during a meeting yesterday with his Jordanian counterpart, Bisher Al-Khasawneh, in the new administrative capital’s cabinet headquarters, cabinet said in a statement. The two touched on exchanging expertise in big-ticket infrastructure investment and private-sector-led economic development, among other things. Al Khasawneh landed in Cairo on Thursday heading a Jordanian government delegation. This was the latest fixture amid Egypt’s continued push for infrastructure diplomacy.

Foreign Minister Sameh Shoukry stressed Egypt’s support for national reconciliation in Libya during a meeting with the vice president of the Libyan Presidential Council, Abdullah Al Lafi, according to a foreign ministry statement. The civil-war torn country is due to hold presidential and parliamentary elections as scheduled on 24 December after rival parties agreed on a political roadmap earlier in 2021 that could end decades of conflict. Egypt has been calling for international effort to hold the elections on time, with President Abdel Fattah El Sisi bringing up the topic during talks last week with White House national security adviser Jake Sullivan.

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.