President Abdel Fattah al-Sisi on Monday instructed the formation of a committee to assess the transfer of tombs in the area of Sayyida Nafisa and Imam al-Shafi’i, as well as the establishment of the “Cemetery of the Immortals” to honor the remains of great Egyptians. According to the official spokesperson for the Presidency Ahmed Fahmy, Sisi’s directives were as follows:
The Egyptian Ministry of Finance, in cooperation with the Asian Infrastructure Investment Bank (AIIB), has started preparing to hold the eighth annual meeting of the bank for the first time in Sharm El-Sheikh next September. According to a statement by the Ministry of Finance on Tuesday, there are other activities that will be presented during this meeting, helping to deepen the private sector’s contributions to economic activity, and allowing it to benefit from the bank’s expertise and capabilities in mobilizing financial resources for private investments, which helps support sustainable and strong infrastructure in the African continent. Mohamed Maait, Minister of Finance and Governor of Egypt at the Asian Infrastructure Investment Bank, affirmed that the annual meeting of the bank in Sharm El-Sheikh is an important platform for deepening the means of development partnership between African and Asian countries, and also an opportunity to enhance the presence of African countries on this global platform, noting that Egypt is the first contributor to AIIB from the continent of Africa, and the first full member from the continent. Maait said that we are looking forward to providing more promising opportunities for financing infrastructure projects in African countries, in a way that contributes to achieving comprehensive and sustainable development, explaining that Egypt is qualified to play a strategic role in ensuring the quality of infrastructure for regional integration because of its vital geographical location between the continents of Asia, Africa, and Europe. He added that we are keen to open new horizons to stimulate domestic and foreign investments, in partnership with the private sector, in a way that contributes to attracting more investors to sectors with development priority in Egypt, and relieves pressure on the state’s general budget, pointing out that the state provides a supportive and attractive business environment for private investments through programs Various such as the golden licence, the government offering programme, the state ownership policy document, and the Supreme Investment Council.
CAIRO - 13 June 2023: Planning and Economic Development Minister Hala el Saeid had a meeting on Tuesday with Omani Minister of Economy Said bin Muhammad Al Saqri to discuss means of boosting bilateral cooperation. The meeting took place on the sidelines of the G20 meeting, currently in session in India from June 11 to 13, according to a statement by the Planning Ministry. The meeting took up means of strengthening technical cooperation between the two countries and Egypt's support for the Sultanate of Oman in the field of macroeconomics and development, the statement said. Saeid added Egypt and the Sultanate of Oman have strong ties, stressing Egypt's keenness on shoring up cooperation with Oman and transferring its expertise to the Omani side in various domains, it added. She invited the Sultanate of Oman to join the initiative of the greening national investment plans, the statement said.
Rising actor Hassan Malek, who is fresh off his phenomenal success during the 2023 Ramadan season, joined the cast of the upcoming feature film SHALABY, which also features Laila Eloui, Libliba, Sawsan Badr, and Heidy Karam. In the social comedy — which is being directed by Aytem Amin and penned by Amin, Ahmed Raouf, and Islam Hassan — audiences will be taken on a journey through the complex relationships of the Shalaby family. Hassan Malek made his feature film acting debut in Yasser Samy’s EL MATAREED opposite Ahmed Hatem, Eyad Nassar, and Tara Emad. I'mAnd prior to that, he starred in WATCH IT’s drama series ETEZAN alongside Hagar El-Sarrag and Rakeen Saad. The show was directed by Shadi Abdel Salam and written by Sayed Omar.
Sources connected to the government’s IPO programme have said that the government aims to earn $2bn from the sale of either Telecom Egypt’s stake in Vodafone Egypt or the Beni Suef power station before the end of this month. The sources added to Daily News Egypt that Telecom Egypt, which is 70% owned by the government, intends to sell all its shares in Vodafone Egypt, amounting to about 45%. The sources added that there are currently negotiations with the Qatar Investment Authority about the evaluation, and expectations indicate that it amounts to about $3bn for the entire company, but the final evaluation has not yet been settled. In a related context, the sources said that the alternative plan would be to sell the Siemens station, especially after renewed efforts by Edra Holding and Actis to buy the station. The Beni Suef power station is one of three stations built by the German company Siemens with a total capacity of 14.4 gigawatts, and was inaugurated in mid-2018.
Often times we postpone happiness and make it dependent on certain situations or events whether a trip you dreamed of for so long, an accomplishment, and other things that aren’t short-term. But in reality, there are a lot of things around us that we may turn a blind eye to though how powerful they are in making us instantly happy. Here are little things that are often overlooked but shouldn’t be taken for granted if you want to feel truly happy. The smell of a clean and fresh bed after a long day outside. A catch-up with an old friend you haven’t seen in a while.
Egyptian ports received passengers travelling with over 194 kg of gold from 11 May to 11 June, after the Prime Minister had decided to exempt travellers carrying gold from customs duty and other fees, except for the value-added tax (VAT). Al-Shahat Ghattouri, head of the Customs Authority, said that the Prime Minister’s decision to exempt gold imported with passengers from customs helps control the market and restores stability and balance to prices. As a result, the prices of gold become more consistent with international prices thanks to the increase in the quantities supplied against the decreasing demand. The Prime Minister’s decision also contributes to reducing customs evasion attempts at various customs outlets. He explained that these exemptions do not apply to varieties of natural pearls, and precious or semi-precious stones mounted or set on jewellery imported from abroad.
CAIRO - 13 June 2023: The Egyptian army announced on Sunday the arrival of the frigate "Al-Qahhar" of the (MEKO-A200) class to the Alexandria Naval Base, marking its integration into the Egyptian naval fleet. The Importance of the Frigate "Al-Qahhar":• According to the Egyptian army statement, the frigate "Al-Qahhar" possesses numerous technological features and modern armament systems that enable it to carry out all combat missions. • Admiral Ashraf Atta, the commander of the Egyptian Navy, emphasized the General Command of the Armed Forces' commitment to implementing a comprehensive strategy to develop and modernize the Egyptian naval fleet, along with the latest training and simulation systems to train future generations of crews. He stressed that the new frigate will enhance the deterrent power of the Egyptian Navy as a force for maritime security and stability in the region. In addition, retired Navy Brigadier General Hussein el-Harmili, a military and strategic expert, highlighted the prominent features of the new frigate joining the Egyptian Navy in several points, stating the following:It represents a strong addition to the Egyptian Navy, which has been comprehensively developed in recent years, thanks to political and military support.
June 12 (Reuters) - Even a thunderstorm could not dent Manchester City's rousing victory parade on Monday as the players and manager Pep Guardiola celebrated completing the long-awaited treble after winning the Champions League trophy over the weekend. The blue side of Manchester were all euphoric as the team and fans also celebrated becoming only the second English club to win the treble, equalling the 1999 milestone of their fierce rivals Manchester United. "What a parade, what an afternoon, it had to be the best parade with this rain, otherwise is not Manchester. We don't want sunshine," said Premier League manager of the year Guardiola in front of thousands of fans. As the players left the stage, the celebrations seemed far from over for the City fans who were ready to party on long into the night.
Grand Imam of Al Azhar Ahmed El Tayeb meets with Iraqi Prime Minister Mohamed Shia Al Sudani in Al Azhar Sheikhdom in Cairo on June 12, 2023- press photoCAIRO – 12 June 2023: Iraqi Prime Minister Mohamed Shiaa Al-Sudani renewed his invitation to the Grand Imam of Al Azhar Sheikh Ahmed Al Tayeb to visit Iraq, the Sheikhdom said in a statement. The invitation was offered during a meeting between the two sides on Monday at Al Azhar Sheikhdom in Cairo where Al Sudani is on an official visit with a high-ranking Iraqi delegation. “We renew our invitation to your Eminence to visit your country, Iraq, and we look forward to this visit and await it with great eagerness,” Al Sudani said. The Sheikh of Al-Azhar affirmed his welcome to visit Iraq and to communicate with all components of the Iraqi people. He also said that Al Azhar institution pays more attention to Iraq students studying at Al Azhar University.
but one thing remains constant across time, youth is beauty, and if you don’t have youth, you lose your beauty. Pressure to stay young has been booming but it’s not a new phenomenon. The Old Hag, The Helpless Victim, and the Self-RighteousMost of the trope listed above doesn’t even cover the complete list of how older women are being shown. There are some shows that worked to show how older women can still be strong, funny, and independent whose age does not define them. We need to change the way we think and how we approach older women.
Chairperson of MBG Developments Mahmoud Al-Adl has stated that the influx of Sudanese refugees to Egypt has contributed to increasing the real estate market demand and unit prices, especially in downtown areas in Cairo and Giza. This obviously led to a large increase in property price to reach approximately 50%, compared to real estate prices in the past year. He noted: “There is no real estate company that does not have debts to New Urban Communities Authority (NUCA) or to any other entity that owns lands; likewise, there are no real estate companies that develop projects and then market them. He further added that mortgage financing for units under construction has become an evitable and urgent matter in this difficult economic period in order to avoid a recession in the local real estate market. The sector’s investments contribute 25% of the GDP exceeding EGP 200bn, according to Al-Adl.
Egypt’s Prime Minister Mostafa Madbouly held a meeting on Monday with members of the board of the Federation of Egyptian Industries (FEI), as well as several industrial chamber heads, factory officials, and company representatives from various sectors. The meeting was held in the presence of Mohamed Shaker, Minister of Electricity and Renewable Energy, Ahmed Samir, Minister of Trade and Industry, Mohamed Zaki El Sewedy, FEI Chairperson, and Tarek Tawfik, FEI Deputy Chairperson. He noted the increasing demand related to the industries associated with this sector, as well as what is related to green hydrogen. Meanwhile, Samir cited the efforts being made to support this sector and to provide the required production requirements for it, which contributes to increasing the volume of exports from this sector and localizing various industries. They also emphasized the importance of the feeder industries file and its role in advancing the industrial sector in general.
Daily News Egypt understands that Egypt will decide on the acquisition bids from a company affiliated to the Qatar Investment Authority for Port Said Container & Cargo Handling Company (PSCCHC) and Damietta Container & Cargo Handling Company (DCHC), and then both enterprises will be offered on the stock market. The Qatari offers seek to acquire the largest possible shares of the two companies. Last Thursday, the Board of Directors of the Suez Canal Economic Zone (SCZONE) approved offering 20% of the PSCCHC on the Egyptian Exchange (EGX). Walid Gamal El-Din, Chairperson of the SCZONE, said that SCZONE owns 39% of the PSCCHC’s shares. Sources told Daily News Egypt earlier that up to 20-25% of the two companies were meant to be offered before the Qatari acquisition bids emerged.
Founders of MEDFEST-Egypt, Mina El Naggar and Khalid Ali, announced selecting director Yousry Nasrallah as the Head of Jury Members for the Short Film competition within the fifth edition of the forum. The jury members include producer Muhammad Taymour, actress/writer Tharaa Goubail, and Manal Al Swaisy, director of Festival International de Films de Femmes (Regards De Femmes) in Tunisia. Most recently, MEDFEST-Egypt has announced the extension of the submission period for short films about the theme ‘stigmatization’. MEDFEST-Egypt is a touring international short film forum that explores the human condition, from a well-being and health perspective It is the first of its kind in the MENA region. Founded in 2017 by Dr. Mina El Naggar and Dr. Khalid Ali, MEDFEST-Egypt is bridging the gap between films, medicine and Art.
