The Financial Regulatory Authority (FRA) has completed all the necessary arrangements to start receiving applications for the asset revaluation experts’ register. 131 of 2023 regarding the controls for registration in the authority’s asset valuation experts’ register. 131 of 2023 regarding the controls for registration in the asset valuation experts’ register, which stipulates that a new register is created for the persons wishing to carry out evaluation work, under the name “the asset revaluation experts register”. 131 of 2023 regarding the controls for registration in the asset valuation experts’ register of the Authority. The second is for real estate asset valuation experts, and the third section is for experts in assessing machinery, equipment, and means of transportation.

Egypt’s first digitally established company came to life on Wednesday, when Prime Minister Mostafa Madbouly virtually witnessed its establishment through the digital platform of the General Authority for Investment and Free Zones (GAFI). The company, the Damietta Green Ammonia Production Company, was established in the Damietta Public Free Zone.This marked the first time a company was established digitally in Egypt, using the fully integrated company establishment service available through the authority’s electronic portal, which was launched in May. Heiba confirmed that Egypt’s General Authority for Investment and Free Zones has launched a fully digital company establishment service. The CEO of GAFI stated that the digital establishment of companies will contribute to a significant improvement in Egypt’s rankings for competitiveness indicators, ease of doing business, and other reports related to the investment environment. The authority’s digital portal offers guidance on establishment procedures, introduces investors to suitable companies for their activities, lists the required documents and fees, and provides information on the service’s duration.

A participant from Canada prepares his miniature robot during the World Robot Olympiad at a convention center in San Rafael de Alajuela, Costa Rica November 10, 2017. — Reuters picCAIRO - 9 August 2023: In an innovative leap for agriculture, a group of students from the Artificial Intelligence College in Kafr El-Sheikh have developed a robot designed to assist farmers in completing agricultural tasks more efficiently. Equipped to recognize and diagnose fruit diseases, the robot can spray pest-resistant chemicals, and store harvested healthy fruits. Naima Isa Amasha added that the robot can predict plant diseases. Regularly monitoring plant health, the robot also features sensors that measure soil temperature and moisture, ensuring the perfect environment for plant growth.

CAIRO - 9 August 2023: Damietta Green Ammonia Production Company completed its establishment within the first phase of the service of establishing companies through GAFI’s electronic portal. Prime Minister Mostafa Madbouly, witnessed the establishment of the first company electronically through the digital platform of the General Authority for Investment and Free Zones (GAFI). GAFI will handle the remaining incorporation procedures with external parties involved in the company establishment process, and subsequently send the relevant company documents to the investor via mail. Mr. Hossam Heiba, GAFI CEO, has announced that GAFI has taken a significant step towards enhancing convenience for investors and promoting transparency. The authority has successfully implemented a fully electronic company establishment service.

inDrive, the global mobility and urban services platform, today launched a Safety Pact to empower its users and drive safety in ride-hailing. The pact includes a number of initiatives aimed at improving safety for all road users. We know that to maximize safety, all three parties – inDrive, passengers and drivers – must play their part, and so our Safety Pact invites all our users to help make every ride a safe one. The Safety Pact educates drivers and passengers about the app’s safety features, such as the Emergency button and the Share the Ride Route button. The Share the Ride Route button allows users to share their ride route in real-time with a trusted contact.

A high-level delegation headed by the Deputy Governor of the Central Bank of South Sudan visited the Central Bank of Egypt (CBE) in Cairo, within the framework of the memorandum of understanding (MoU) previously signed between the two banks in 2021. Hassan Abdallah, CBE Governor, welcomed the delegation, which was accompanied by a group of World Bank experts. During the visit, the delegation toured many institutions and entities of the banking sector, including the Egyptian Banking Institute (EBI), where they discussed means of cooperation in the areas of training, capacity development and qualification of banking professionals in the State of South Sudan. The delegation visited the Egyptian Anti-Money Laundering and Combating Terrorist Financing System (AML/CTF), where it was received and welcomed by the Chairperson of its Board of Trustees. Additionally, the delegation visited the Financial Regulatory Authority’s (FRA) headquarters in the Smart Village, where it was received by the Chairperson of the Authority, who explained the important role FRA plays in monitoring the non-banking financial sector.

Egypt’s President Abdel Fattah Al-Sisi met on Tuesday with Deputy Prime Minister and Minister of Defence of Serbia Miloš Vučević. The meeting was also attended by Egypt’s Minister of Defence and Military Production Mohamed Zaki. Ahmad Fahmy, the spokesperson for the presidency, said that Al-Sisi conveyed his greetings and appreciation to President of Serbia Aleksandar Vučić. Al-Sisi confirmed that Egypt values the firm historical bonds the two countries share, and is committed to further advancing bilateral cooperation in all fields, including defence. The president emphasized that Egypt seeks to invigorate the two countries’ partnership, to be commensurate with their potential across all levels.

Ecowas leaders gave the Nigerien military junta an ultimatum to cede power within seven days of 30 July or face a military intervention. However, hopes of a Nigeria-led Ecowas military intervention in Niger now appears dim. Why military intervention is unlikelyThere are three main reasons why the use of force is becoming more unlikely. A military intervention in Niger which could result in a full blown war would embolden terrorist groups. Way forward for NigerSince military intervention to restore democracy is unlikely, diplomacy remains the only solution.

Mountain View also recently launched its North Coast project (LVLS) and is expected to have high sales growth in Q3. Emaar was not in the top 10 for the first time, achieving total sales of EGP 8.85bn. However, in July, Emaar generated EGP 10bn following the launch of its latest project,“Soul” in the North Coast. Saudi Egyptian Developers (SED) achieved EGP 8.8bn in sales, driven by its“Marina M8” project with sales of EGP 4bn. Al-Ahly Sabour generated total sales of EGP 6.7bn, doubling its sales in comparison to the same period last year.

CAIRO – 8 August 2023: The Egyptian Medicines Authority dispatched the first shipment of pharmaceutical products from a group of Egyptian companies to Zimbabwe, on Monday, according to a statement from the Egyptian Authority,The shipment was sent in light of a tripartite partnership between Egypt, Zimbabwe and the UAE, the statement added. A memorandum of understanding was signed between the two Egypt and Zimbabwe in May 2023; it contributes to the entry of high-quality Egyptian pharmaceutical products into the state of Zimbabwe. Head of the Egyptian Medicines Authority Tamer Essam voiced Egypt's aspiration to deepen the joint relations between the two countries, stressing the strategic importance of the state of Zimbabwe, which is the main gateway for the entry of Egyptian pharmaceuticals into South African countries.

China’s central bank was the biggest buyer, adding 195 tons of gold to its reserves, followed by Singapore’s central bank, which added 75 tons. Saxo Bank said that the record gold buying by central banks comes as inflation is rising around the world, and as geopolitical tensions are increasing. Maersk warns of global trade downturnDanish shipping and logistics group Maersk warned on Monday that it expects global trade to contract in the coming months. The FAO said that the increase in food prices was driven by higher prices for cereals, sugar, and vegetable oils. The FAO warned that the increase in food prices could have a negative impact on food security in developing countries.

YaSchools, a Saudi startup specializing in educational management solutions, has successfully closed a $600,000 Seed round of funding from a group of angel investors. YaSchools offer the region’s first-of-its-kind platform to manage the educational ecosystem, acting as the facilitator between all stakeholders—such as schools, teachers, and students—involved in the educational process. The platform utilizes big data, artificial intelligence, and financial technologies that can assist in processing tasks in an autonomous and fast-paced manner. Since the launch of micro-lending services in early 2023, YaSchools has received financing requests worth more than $40m. Currently, YaSchools has 1,750 registered schools and serves 2,500 teachers and more than 92,000 parents.

Beijing – China State Construction Engineering Corporation (CSCEC) stated that it cares about developing all Egypt’s areas and to keep cooperation and coordination with Egypt due to long relations between Egypt and China. During a meeting with Egyptian journalists in CSCEC headquarter in Beijing, the company said that it has enjoyed a strong friendship with Egypt for a long time for more than 20 years of cooperation. The company added that this cooperation stems from the strong relations between Cairo and Beijing, not only in the field of construction but in all other infrastructure fields. CSCEC has a responsibility to strengthen cooperation with Egypt in the future going beyond the development of the Central Business District at New Administrative Capital and its Iconic Tower and New Alamein skyscrapers. The company said: “We are very interested in the great development that Egypt is witnessing, especially in recent times.”© 2022 Daily News Egypt.

The top 10 real estate developers in Egypt reported total sales of EGP 168bn in the first half of 2023 (1H 2023), an increase of 88% from the same period last year, according to a report by The Board Consulting. Mountain View also recently launched its North Coast project (LVLS) and is expected to have high sales growth in Q3. Runners-up outside the ‘Top 10 list’• Emaar was not in the top 10 for the first time, achieving total sales of EGP 8.85bn. • Saudi Egyptian Developers (SED) achieved EGP 8.8bn in sales, driven by its “Marina M8” project with sales of EGP 4bn. • Al-Ahly Sabour generated total sales of EGP 6.7bn, doubling its sales in comparison to the same period last year.

Egypt’s President Abdel Fattah Al-Sisi received on Monday Sultan Mofaddal Seif El-Din, the Sultan of the Bohra sect in India, and granted him the Order of the Nile, in appreciation of his continuous efforts in Egypt on the cultural, charitable and societal levels. The Dawoodi Bohras are a religious denomination within the Ismā’īlī branch of Shia. The meeting was attended by Abbas Kamel, the Head of the Egyptian General Intelligence Service, and Mufaddal Muhammad Hassan Ali, the representative of the Bohra Sultan in Cairo, in addition to his sons, Jaafar Al-Sadiq Imad Al-Din, Taha Najm Al-Din, and Hussein Burhan Al-Din. Ahmed Fahmy, the official spokesperson for the Presidency of the Republic, stated that the president welcomed Mofaddal Saif Al-Din as a dear guest of Egypt, praising the historical relations between Egypt and the Bohra sect. Bohra’s Sultan expressed his deep appreciation for Egypt.