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Monday, 22 August 2022

Israeli intelligence chief is in Cairo to calm alleged diplomatic tensions over Gaza ceasefire + Egypt gets plenty of attention in the trade press

Suggestions that tensions are rising between Egypt and Israel are the big story abroad this morning: The head of Israeli intelligence agency Shin Bet reportedly arrived in Egypt yesterday to calm rising tensions between the two countries after the Israeli military killed three Palestinians a few days after the Egypt-brokered ceasefire in Gaza went into effect. Israeli media reported yesterday that Ronen Bar will be in Egypt until Monday to smooth things over with intelligence chief Abbas Kamel following what the Jerusalem Post described as a “breakdown of relations” following the killings. Kamel was due to travel to Israel but reportedly canceled his visit in protest at Israel’s actions. (Jerusalem Post | Times of Israel | Haaretz)

The Cairo Metro has recruited Egypt’s first female train drivers: Two women have been in the driver’s seat on Metro Line 3 since April. (France 24)

Egypt is also getting plenty of attention in the trades:

  • Four Seasons and TMG are looking to launch new properties and grow their real estate portfolio in Egypt. (TravelDine)
  • The green energy arm of iron-ore minter Fortescue is getting ink for its previously announced plans to invest in green hydrogen here (Mining Weekly)
  • “In Egypt, there is no modern equipment for harvesting onions,” Fresh Plaza reports alongside a quick pickup of the latest figures on mango cultivation.
  • Pymnts has an interview with Tamer El-Hussainy, CEO of Cairo-based ePayment service provider Damen.

MEANWHILE- The Indian Institute of Technology is mulling whether to open a campus in Egypt after identifying us as a priority market alongside the UK and UAE, Saudi, Qatar, Malaysia and Thailand. (Indian Express)

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