The Egyptian Cabinet has approved facilities on entry tourist visas to Egypt for holders of the Hayya card designated for World Cup fans in Qatar. It is a chance to benefit from the promotion of Egyptian tourism during the World Cup period. All hotels in Hurghada and Sharm el-Sheikh will offer a discounted rate on accommodation prices online for World Cup fans with the Hayya Card. The Cabinet also announced cooperation with airlines and the Ministry of Civil Aviation to provide flights from Qatar to Egypt during this period. The Qatar 2022 World Cup is being held for the first time in the Middle East and in an Arab capital after years in which European countries took over the organization of the World Cup, with the exception of a few times when the tournament went to Asia, Africa and America.

November 16, 2022 13:54 UTC

Net profits amounted to EGP 1.753bn in the nine months ending on September 30, 2022, an increase of 22.2%, due to the growth of operating revenues by 32.8% to record EGP 4.379bn. Ghanem added that the loan and deposit portfolio witnessed a strong growth during the nine months ending on September 30, 2022, as total loans amounted to EGP 34.282bn, a growth rate of 27.3%. Corporate loans achieved a growth of 33.6%, and retail loans achieved a growth of 23.2% compared to the period ended on 31 December 2021. He pointed out that the total deposits amounted to EGP 87.245bn, with a growth rate of 38.7%, as the growth rate in corporate deposits reached 47.4%, and retail deposits achieved a growth rate of 23%. The bank also achieved a growth of 34.2% in total assets compared to the period ended 31 December 2021.

November 16, 2022 06:29 UTC

Suez Canal Bank, led by Hussein Refai, Chairperson and Managing Director of the bank, achieved strong business results by the end of the third quarter of this year. According to the bank’s performance indicators, the bank’s net profit jumped to EGP 735m at the end of September 2022, compared to EGP 377m in September 2021, with a growth rate of 95%, supported by an increase in net income from the return by 17%. The increase in net fee and commission income amounted to 41%, to reach EGP 200m at the end of September 2022, compared to EGP 142m in September 2021. The bank also succeeded in increasing the net loan portfolio and customer facilities by 21%, to reach EGP 28bn in September 2022, compared to EGP 23bn in December 2021. The personal loans portfolio recorded a growth of 46% to reach EGP 2.6bn compared to EGP 1.8bn, while the small and medium-sized enterprises portfolio increased by 27%, to reach EGP 1.9bn compared to EGP 1.5bn.

November 16, 2022 05:47 UTC

Sharm El-Sheikh– Mahmoud Mohieldin — Egypt’s High-Level Climate Change Champion at the UN — said that Egypt, through the UN Conference of Parties on Climate Change (COP27), succeeded in placing adaptation, losses, and damages on the international climate action agenda after more than ten years of neglect. This came during a session titled ‘Towards Blue Cities: Adapting and Building Resilience to Climate Change in Coastal Communities and Cities of Africa’ in which he discussed the consequences of rising sea levels on small islands and the floods that have submerged about a third of Pakistan’s area under water. He also noted that prevention of these disasters will only take place with huge investments in mitigation measures, adding that transition towards a blue economy requires strong partnerships between public and private sectors, active participation of national development banks, and international financial institutions adopting standards for soft grants and loans and providing them to middle-income countries as well as low-income ones. Furthermore, the climate champion confirmed that the blue economy also needs more finance for adaptation measures, pointing to the importance of the Sharm El-Sheikh Adaptation Agenda as an international mechanism to promote adaptation measures and strengthen resilience to face climate change. Finally, Mohieldin praised the five regional forums that were held ahead of the conference, which resulted in 420 projects, 50 of which are being showcased at the COP27, some even relating to the transition to a blue economy.

November 15, 2022 23:52 UTC

Egypt’s Minister of Water Resources and Irrigation Hani Sweilam announced on Monday, the launch of the Action on Water Adaptation and Resilience (AWARE) initiative, within activities of the Water Day during COP27. Sweilam indicated that Egypt has made great efforts to put water at the centre of global climate action through a number of measures and events, most notably Egypt’s launch of an international initiative to adapt the water sector during the Water Day. He stressed the importance of everyone’s support for this important initiative, which is concerned with water and climate issues at the global level, noting that COP27 is the first climate conference to dedicate an entire day to water systems. The necessary procedural steps will be taken to start the actual implementation of the initiative within a few months. All the details of the initiative and its projects will be announced during the United Nations Mid-Term Review Conference scheduled to be held in March 2023.

November 15, 2022 17:50 UTC





Nov 14 (Reuters) - Argentina will be looking to win a third World Cup title at the Nov. 20-Dec. 18 tournament in Qatar. * Teams will be able to select up to 26 players for this year's World Cup after FIFA increased the maximum limit for squads by three in June, citing the unusual timing of the tournament as well as the impact of COVID-19. WHO IS IN ARGENTINA'S WORLD CUP 2022 SQUAD? * Manchester United winger Alejandro Garnacho, 18, who has made seven appearances for the club this season, misses out. WHAT WAS ARGENTINA'S SQUAD AT THE 2018 WORLD CUP?

November 15, 2022 06:56 UTC

Nov 14 (Reuters) - Germany will be looking to win a fifth World Cup title at the Nov. 20-Dec. 18 tournament in Qatar. Who is in Germany's World Cup 2022 squad? Goetze, who scored the winning goal in the 2014 World Cup final, returns to the squad. * Borussia Dortmund captain Marco Reus and defender Mats Hummels miss out, with the former failing to recover from injury in time. WHAT WAS GERMANY'S SQUAD AT THE 2018 WORLD CUP?

November 15, 2022 06:43 UTC

CAIRO - 14 November 2022: Mahmoud Mohieldin, UN Climate Change High Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda, said that women have leadership qualities and the ability to solve problems, which make their participation in development and climate action indispensable. He stressed the importance of pluralism and the need to improve women's participation in decision-making regarding development and climate action, pointing to the importance of the National Council for Women initiative on raising awareness among women about climate issues. The climate champion stressed the importance of science and updated databases role in climate action, noting that the early warning system proposed by United Nations Secretary-General Antonio Guterres, which African countries will benefit from, needs constantly updated databases. "Promoting scientific activity needs sufficient finance, there are good initiatives have been launched during the conference that linked academic community more to climate action." Mohieldin said, praising in this context the Egyptian initiative to improve the role of universities and research centers in climate action.

November 14, 2022 18:51 UTC

The president's speech noted that making a better future in light of climate change is unattainable without green transition inclusive of women. "As you are well aware, the wide-ranging and multifaceted threats facing the planetdue to the climate change crisis, with its serious repercussions are exacerbated dayby day. Which makes it the most serious existential challenge to the future of allhumanity," President Sisi underlined. "Nevertheless, women remain key drivers and significant accelerators in addressingthe effects of climate change. This should be reflectedin securing their needs within the frameworks of strategies, programs, and financingplans concerning climate change," President Sisi stressed.

November 14, 2022 18:45 UTC

Such conversations are likely to have been on the table during the lengthy conversations between Xi, Biden and their top officials on Monday night in Bali. This meeting places Xi alongside the US and other NATO leaders who have rallied behind Ukraine — even at the cost of their own energy security. Putin has declined to attend the summit in person. His G20 attendance cuts a stark contrast to Xi’s first oversees meeting earlier this fall, when he joined Russian leader Vladimir Putin and central Asian counterparts for a meeting of the Shanghai Cooperation Organization in Uzbekistan. That summit signaled Xi’s preference for an alternate world order free from what Beijing sees as US hegemony.

November 14, 2022 14:07 UTC

Jerusalem CNN — Israel’s President Isaac Herzog asked Israel’s President Isaac Herzog asked Benjamin Netanyahu to form a new government on Sunday, allowing the former prime minister to secure the country’s top job for a record sixth time and extend his record as the nation’s longest-serving leader. Netanyahu, who served 12 years as Prime Minister before losing office in 2021, was recommended by party leaders representing more than half of Israel’s 120 parliament or Knesset members after the president concluded a political consultation with them. “Israel’s citizens require a stable and functioning government,” he said in remarks after the closed-door meeting with Netanyahu. Netanyahu’s Likud party has the most seats in the Knesset, and the former prime minister will have 28 days to form a coalition government, with the possibility of a two-week extension. Assuming Netanyahu can reach a coalition agreement by the December 11 deadline, the Knesset Speaker will call a confidence vote within seven days.

November 14, 2022 11:55 UTC

Kherson, Ukraine CNN — For eight months, residents of the Ukrainian city of Kherson have been living under brutal Russian occupation. But on Friday, Ukrainian forces swept into the city and For eight months, residents of the Ukrainian city of Kherson have been living under brutal Russian occupation. But on Friday, Ukrainian forces swept into the city and Russian troops retreated to the eastThe residents have no water, no internet connection and little power. “We feel free, we are not slaves, we are Ukrainians,” resident Olga told CNN. Every Ukrainian family waited for our soldiers, for our army,” another Kherson resident told CNN on Saturday, recalling Russia’s months-long occupation.

November 14, 2022 04:59 UTC

CAIRO – 13 November 2022: The United Nations Educational, Scientific and Cultural Organization [UNESCO] renewed its warnings about the extinction of indigenous languages, noting that the number of languages in the world is estimated at 7000, most of which are indigenous languages. “As soon as these languages disappear, so does the culture, knowledge, values and identity that they carry with them. Therefore, we must support the use of indigenous languages to be passed on to future generations, ” UNESCO said, in a tweet via its official account on Twitter. UNESCO noted that languages play an important role in the daily lives of all people. Through language, people preserve their societies' history, customs, traditions, memory, unique patterns of thought, meaning and expression.They also use it to build their future.

November 13, 2022 23:52 UTC

Egyptian national team fencer Ziad al-Sisi, won a historic bronze in the men’s Fencing World Cup, being hosted by Algeria from 10 to 13 November. He had lost in the semi-final match against Georgia player Sandro Bazadze, ranked second in the world, 15-13, but still achieved a global bronze for the first time in the history of the Egyptian fencing in the World Cup competitions. Sisi made the quarter-final victory over French Maxime Pianfetti, 15-14, and had started the tournament by achieving four victories from six matches in the group stage. He then won the non-major 128 round against Tunisia’s Mohamed Ben Mansour, 15-5, and then beat Hungarian Tamas Decsi in the 64th non-major round with a score of 15-9. In the quarter-finals, Sisi defeated Italian Luca Curatoli who ranked fourth globally, 15-14.

November 13, 2022 17:35 UTC

Egypt announced on Saturday the launch of its first environmentally friendly water box, “Good water”, as an alternative to plastic bottles, during the sidelines of the COP27 summit. Good Water has attracted great interest from all participating parties, especially the heads of participating countries and institutions interested in protecting the environment. The project presents the first Egyptian mineral water box that uses covers made of a biopolymer derived from sugar cane, which can replanted as carbon dioxide absorbing plants. The environmentally friendly water box Good Water consists mainly of wood and fibers that are extracted from responsibly managed forests and other environmentally friendly sources, with a much lower environmental impact than that used in plastic or can containers, and it also preserves the purity of water at it protects water from light. The idea of establishing Good Water company in 2022 came at the hands of a group of Egyptian entrepreneurs interested in producing an environmentally friendly mineral water drinking experience with the support of a group of national investors for the project.

November 13, 2022 15:20 UTC