The event was also sponsored by the Arab League and the Arab Federation for Digital Economy, along with a wide range of prominent companies in the financial technology industry. The theme of this year’s summit was “The Gateway to Financial Technology in the Middle East and Africa”, boasting over 4,000 participants, including officials and experts in the fields of electronic payments, financial technology, innovation, and digital banking. Commenting on his participation in the event, Haytham Abbas, the CEO of TechLine, stated: “We believe that financial technology plays a vital role in boosting economic growth and empowering consumers and businesses. During the summit, TechLine showcased a diverse range of innovative solutions and services in the field of financial technology, presented by our specialized team. “Dring the summit, we presented a comprehensive range of integrated solutions to help financial technology companies achieve operational excellence through the development and implementation of cutting-edge technologies and tools.

Russian President Vladimir Putin said Sunday that Ukraine’s counteroffensive has failed, as he hosted Belarusian leader Alexander Lukashenko for talks in St. Petersburg. Putin replied, “It exists, but it has failed.”Ukraine’s long-awaited counteroffensive started in June. During the meeting, Lukashenko also made a jocular remark about the Wagner Group, a paramilitary unit that is now training Belarusian special forces. Last week, Belarus’ Defence Ministry said that Wagner Group had started training Belarusian special forces at a military range near the Polish border. The Russian president warned Poland on Friday that he would consider any aggression against Belarus as an attack on Russia.

Egypt and the United Arab Emirates stand out as the two favorite destinations in the Chinese outbound tourism market this year, the People’s Daily newspaper of China reported on Saturday. The newspaper said that the data from the VFS Global agency for visa services shows a strong increase in demand by Chinese tourists for tourist visas since last March. By May, the number of foreign visa applications in China had reached 40 percent of the 2019 level, People’s Daily said, indicating that VFS Global expects that travel demand will continue to rise this year, and that the annual travel peak will soon come. VFS Global expressed its optimism about the tourism season for the year 2023, expecting it to continue throughout the year. The agency added that the students’ summer holidays had brought forward the peak demand for visas to May, anticipating that this peak would continue for four consecutive months.

The Egyptian Electricity Holding Company (EEHC) warned citizens not to use elevators at specific times, coinciding with power outages and a heat wave hitting the country. “The load reduction program is implemented according to the capabilities required of each control, taking into account that the outages begin at a period of 10 minutes before the top of the hour and 10 minutes after it, and the duration of the disconnection does not exceed one hour from the time of the outage,” the company said in a statement. Although the electricity company’s statement specified approximate dates for the outages, social media reactions showcased widespread confusion regarding when these outages would occur. The Minister of Electricity, Mohamed Shaker, said in remarks that there is a “temporary” crisis in electricity production due to a lack of fuel, and low pressure in gas networks brought on by high loads on the electricity network. Shaker called on citizens to rationalize electricity consumption in order to reduce blackout hours.

Egypt - High-ranking government sources have revealed that several executives have left their positions in the Sovereign Fund of Egypt (TSFE). The sources said to Daily News Egypt that the resigned officials include Abdalla El-Ebiary, Chief Investment Officer; Karim Badr, the executive director of the Egypt Sub-Fund for Utilities and Infrastructure; Hisham Moussa, the executive director of the Egypt Sub-Fund for Health and Drug Services, and Amr Elhamy, the executive director of tourism and real estate investment. Daily News Egypt tried to reach TSFE for comment, with no success. Hala El-Said, Minister of Planning and Economic Development, and Chairperson of the Sovereign Fund of Egypt, revealed last Thursday that the volume of assets managed for the fund amounted to about $12bn, to join the list of the 50 largest sovereign funds. The Sovereign Fund of Egypt joined the list of the 50 largest sovereign funds in the world.

The Central Bank of Egypt (CBE) has revealed the completion of the replacement of 10.8 million payroll cards for public workers and pensioners with the national payment card “Meeza” in 2022. According to the Central Bank, this comes in implementation of the decisions issued by the National Payments Council regarding reliance on a national payment system. The Central Bank also revealed its intention to prepare the final draft of the rules governing the provision of cloud computing services. The Central Bank also indicated that it is currently preparing the draft regulatory rules governing electronic authentication and electronic approval of terms and conditions. The Central Bank highlighted the most prominent features of the law, which aims to regulate crowdfunding activities based on lending, peer-to-peer lending, digital association activities, and digital savings activities.

President Abdel Fattah Al-Sisi has sent three Chinook helicopters equipped with all the advanced tools and means to help the Greek authorities fight the wildfires in the country. Greek Prime Minister Kyriakos Mitsotakis tweeted on Sunday: “I want to express our gratitude to Egypt for sending 3 firefighting helicopters to reinforce our efforts in the fight against forest fires. The Greek Fire Service described the fires as the most difficult ever in the country and warned of a worsening situation due to strong winds. Meanwhile, firefighting teams are continuing attempts to control forest fires in a number of locations. Emergency and civil protection officials are warning of a high risk of new fires throughout the country.

CAIRO – 23 July 2023: President Abdel Fatah al-Sisi received Sunday cables from UAE counterpart Sheikh Mohamed Bin Zayed Al-Nahyan and Emir of Kuwait Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah greeting him on the 71st anniversary of July 23 Revolution. The chief of state received similar cables from the UAE vice-presidents, Dubai Ruler and Prime Minister Sheikh Mohamed Bin Rashed Al-Maktoum and Deputy Prime Minister Sheikh Mansour Bin Zayed Al-Nahyan, who also delivered their greetings to Prime Minister Mostafa Madbouli. The July 23 Revolution took place in 1952 and was led by the Free Officers to end the monarchy in Egypt and turn the country into a republic.

MOSCOW, July 23 (MENA) - Over 10,500 people were killed in criminal acts in Russia in the first six months of the year, according to data from the Interior Ministry. According to the Interior Ministry, 983,700 crimes were recorded in the January to June period of 2023, a two percent fall from the same period last year. More than half of all registered crimes (51.6%) involved property theft. The number of registered crimes rose in 34 Russian regions and fell in 51 regions. Russian Interior Ministry Spokesperson Irina Volk said on July 20 that the ministry was firmly in control of the situation in the country.

Kyiv CNN — Ukrainian forces hit an ammunition dump in Ukrainian forces hit an ammunition dump in Crimea , forcing an evacuation of the area and canceling train services, authorities in the annexed province say. It marks the latest in a series of recent strikes on Russian supplies and critical infrastructure in the occupied peninsula, which Ukraine ultimately wants to recapture. On Wednesday, an ammunition dump was hit in the east of the territory, also causing authorities to evacuate thousands of people living nearby. The Ukrainian military has been carrying out sustained attacks in Crimea with the goal of harassing the Russian Black Sea fleet and disrupting vital Russian supply lines. Reclaiming Crimea remains a goal for Ukraine and it is putting considerable effort into making Russia’s occupation as uncomfortable as possible.

A handful of Gulf countries are among the nations that are interested to accept the BRICS currency for global trade. Also Read: 22 Countries Formally Apply for BRICS MembershipThe Gulf countries currently settle remittances with the U.S. dollar but it may begin to accept the BRICS currency after its formation. In this article, we will highlight the risks the U.S. dollar face if the Gulf countries accept BRICS currency. BRICS: What Happens if Gulf Countries Accept the New Currency? If Gulf countries trade in BRICS currency, it would signal a shift from the traditional financial markets.

CNN — Russian strikes on Odesa overnight damaged at least at least six residential buildings, a Ukrainian Orthodox Church and “architectural monuments,” according to Ukraine’s southern Operational Command. Ukraine has been struggling in the past week to repel a wave of Russian strikes against Odesa – its air defenses unable to cope with the types of missiles that Moscow has used to pummel the region. In a statement on Sunday, Ukrainian President Volodymyr Zelensky condemned Moscow’s latest strikes on Odesa. “Missiles against peaceful cities, against residential buildings, a cathedral… There can be no excuse for Russian evil,” Zelensky said. “As always, this evil will lose and there will definitely be a retaliation to Russian terrorists for Odesa.

I am a scholar with a focus on the development of international law and legal institutions in the practice of transitional justice. My view is that the focus on smugglers, or even the action and inaction of the Greek coast guard, distracts from the real cause of migrant deaths in the Mediterranean: the deliberate policies set in place by European states and supported by the European Union. Diminishing legal protections for migrantsIn the wake of the massive population flows accompanying the second world war, European states enacted the 1951 Refugee Convention. But European states are renouncing key elements of this rule of law structure via the illegality of their policies towards migrants. Kerstin Bree Carlson, Associate Professor International Law, Roskilde UniversityThis article is republished from The Conversation under a Creative Commons license.

Egyptian megastar Tamer Hosny performed in the first concert of New Alamien Festival. Excitement was in the air as the crowd gathers in anticipation for Tamer Hosny's electrifying concert at New Alamien Festival. Egyptian anchor Sherif Madkour welcomed the audience at the beginning of Hosny's full house concert in New Alamien Festival. I hope New Alamein Festival to be organized every year because it unites acclaimed artists from all over the Arab world" Hosny said. The cherry on top of the event was the special appearance of famed blogger Noel Robinson with Tamer Hosny on the stage of New Alamien Festival.

CAIRO – 22 July 2023: Egypt and Indonesia agreed on the importance of exerting more efforts to increase the volume of trade exchange between the two countries, Egypt’s Foreign Minister said in a statement on Saturday. This was announced during the 7th round of political consultations between Egypt and Indonesia, which was held in Jakarta, the statement added. The round of consultations comes within the framework of preparing for a joint supreme committee between the two countries to be headed by the two foreign ministers soon to enhance joint cooperation in all fields, the statement continued. The two sides also agreed to enhance Indonesian investments in Egypt to take advantage of incentives offered by the Suez Canal economic zone, and the opportunities of Egypt’s destination for access to African markets by benefiting from the free trade agreements that Egypt enjoys with several partners around the world. The two sides reviewed the overall Egyptian-Indonesian bilateral relations in the political, economic, trade, cultural, educational and research fields.