Back to the complete issue
Thursday, 15 September 2022

COP27 is in the foreign press again (for the wrong reasons)

Leading the international press this morning, once again, is COP27, with Foreign Policy commenting on recent claims by environmental experts that authorities are clamping down on environmental civil society groups ahead of the summit and speculating on possible responses from Western governments.

Meanwhile, the Madbouly government is distancing itself from a decision to hike hotel rates amid accusations of price gouging, according to Climate Home News. Following the introduction of new minimum rates by the Egyptian Hotel Association in February, COP delegates have complained that their reservations have been canceled and their rooms re-advertised for 3-6x the price. Cue a he-said-she-said situation, with both the EHA and the government denying responsibility for the decision.

(Wait, what? Prices in a resort town spiking when the entire world descends on it for a few weeks at the start of the traditional high season? What a surprise…)

Also making headlines:

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; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.