Back to the complete issue
Tuesday, 21 June 2022

Last Night’s Talk Shows: Rolling out the red carpet for MbS

Leading the airwaves yesterday: Everyone’s getting excited about Saudi Crown Prince Mohammed bin Salman’s visit, with coverage from El Hekaya (watch, runtime: 8:26), Masa’a DMC (watch, runtime: 2:09), and Kelma Akhira (watch, runtime: 1:32) after MbS touched down yesterday evening.

Does MbS’ visit herald more Saudi money coming our way? It does according to Abdel Hamid Abu Moussa, head of the Saudi-Egyptian Business Council, who told Kelma Akhira (watch, runtime: 1:57) ahead of the council’s meeting today that he expects more KSA investment to come soon.

Trade between Egypt and Saudi Arabia jumped 62.1% in 2021 to USD 9.1 bn, up from USD 5.6 bn a year earlier, state run MENA agency reported, citing data from official statistics agency CAPMAS. Saudi Arabia is the largest Arab investor in Egypt, Abu Moussa said (watch, runtime: 2:20).

Also getting a mention: The crackdown on encroachment continues. The government will take away the right to subsidized foods and fertilizers from over 8k citizens for illegally building on agricultural land, Kafr El Sheikh Governor Gamal Nour El Din told Al Hayah Al Youm (watch, runtime: 3:54).

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.