The Cabinet Media Center published an infographic report highlighting expectations from the International Monetary Fund that the Egyptian economy will become the second largest Arab and African economy during 2022. Through its economic and structural reform program, the Egyptian state has been able to transform challenges into development opportunities, and establish a strong, coherent, diversified and flexible national economy that is able to achieve goals and positive growth rates, face crises and overcome their repercussions internally and externally, becoming a productive economy and enjoy competitive capabilities in the global economy, the report said. The IMF expectations of the most prominent economic indicators in the coming years indicate an increase in total revenues as a percentage of GDP, to 18.6 percent in 2021/2022, 18.7 percent in 2022/23, 18.9 percent in 2023/2024, and 19.1 percent in 2024/2025, the report added. The IMF also expected a decline in the total deficit as a percentage of GDP to seven percent in 2021/2022, 6.2 percent in 2022/2023, 5.7 percent in 2023/2024, and 5.3 percent in 2024/2025. It predicts that the Egyptian economy will continue achieving primary surplus as a percentage of GDP to reach 1.5 percent in 2021/22, and two percent in 2022/2023, 2023/2024 and 2024/2025.

December 09, 2021 01:50 UTC

Reuters) - Juventus progressed to the Champions League knockout stages as group winners after their comfortable 1-0 victory over Malmo on Wednesday, coupled with Chelsea's draw at Zenit St Petersburg. A much-changed Juventus, already assured of their place in the knockout stages, raced into an 18th-minute lead when Moise Kean headed his first Champions League goal from an inch-perfect Federico Bernardeschi cross. With Malmo guaranteed to finish bottom of the group, the Swedes had little incentive to push for a leveller and Juve closed out the win without ever being seriously troubled. The Italian side's fifth win from six group games looked to be in vain as England's Chelsea led 3-2 in Russia in stoppage time, but a last-gasp Zenit equaliser meant Juve finished two points clear at the top of the group.

December 09, 2021 01:31 UTC

Concerning the impact of technological changes and developments on the labor market and the required skills, El-Said explained that the rapid technological developments have greatly affected the production process, the structure of the labor market itself, and the specializations required in the labor market. "So the main issue is to reduce the gap between the requirements of the labor market, which has become highly developed, and the skills offered," El-Said explained. On the Egyptian state’s efforts to confront developments and challenges that affect the labor market, El-Said explained that the state’s efforts are divided into five main pillars. El-Said also referred to the second pillar, which is technical education, explaining that this system has suffered in Egypt over the years. On the fourth axis related to enhancing digital skills, El-Said explained that future jobs require a very high number of digital and technological skills, which requires the state to invest in this type of program.

December 09, 2021 00:09 UTC

ANKARA, Dec 8 (Reuters) – President Tayyip Erdogan said Turkey will reduce inflation and exchange rate volatility through low interest rates, broadcaster NTV said, after the lira plunged to record lows over the central bank’s aggressive easing policy demanded by the president. Speaking to reporters on a return flight from Doha, Erdogan repeated his opposition to high interest rates, adding that Turkey’s forex reserves were not an issue despite the central bank’s market interventions last week. He also blamed stockpiling for the surge in prices and threatened to impose more severe punishments. As I always say, God willing this will also pass us by. Let everyone know this,” NTV cited Erdogan as saying.

December 08, 2021 23:44 UTC

BANGKOK (AP) — In sentencing Myanmar’s iconic democracy leader Aung San Suu Kyi to prison, the country’s generals have effectively exiled her from electoral politics. A de facto coup on Feb. 1 pushed Suu Kyi’s elected government from power, throwing the country into turmoil. Suu Kyi, whose pro-democracy efforts won her the Nobel Peace Prize, and her allies have played important roles in the past, even when sidelined or jailed by the generals. An icon of resistance during her 15 years under house arrest, Suu Kyi agreed to work alongside the generals after she was freed. Despite the risks, the verdict against Suu Kyi, who remains popular, provoked more spirited protests.

December 08, 2021 20:38 UTC





The agreement was signed by Manal Abdel Aziz, the Operation Manager in Almokhtbar and Amin Elhemaily, the CEO and Founder of Estshara. With this new partnership, ALMOKHTABAR patients will have instant access to obtain recommendation and detailed medical support around the clock, seven days a week. In addition to providing a secure and centralised medical record database that allows physicians to understand the patients’ medical history and the level of care they need. “Estshara is a one-stop-shop and gateway for patients to reach medical providers and obtain necessary medical services, advices, diagnosis and referrals. Not only that we support the patients throughout their medical journey, but also aim to provide a complete ecosystem to all stakeholders in digital healthcare,” said Amin Elhemaily.

December 08, 2021 20:13 UTC

The Egyptian Ministry of Trade and Industry issued a decision to impose final anti-dumping duties on Egyptian imports of PVC, originated or exported from the US which fall under item (3904100090) of the harmonized customs tariff. The Assistant Minister for Economic Affairs and Head of the Commercial Processing Sector at the Ministry of Trade Ibrahim al-Sigini added that the decision comes following the recommendation of the specialized advisory committee and recommendations reached by the sector after studying the complaints from the local industry. He noted the approval of the Minister of Trade and Industry during December 2020 to start investigation procedures against the dumping imports of these items from the US. Sigini said that after studying and analyzing all the data, the sector concluded that the imports of the product under investigation are received at dumping prices and with a dumping margin of nine percent of the CIF value. He explained that this confirms the existence of a causal relationship between the dumping imports from this country and the damage caused to the local industry.

December 07, 2021 20:59 UTC

About 5.9 million adults in New York City have gotten at least a first dose, out of 7 million people age 18 and up. New York City is averaging just under 2,000 new cases of COVID-19 per day, up from about 820 a day at the start of November. “Well, we’re going to do it.”Vaccinations are already required in New York City for hospital and nursing home workers and for city employees, including teachers, police officers and firefighters. A vaccination mandate for employees of private and religious schools was announced last week. Kathryn Wylde, president and CEO of the Partnership for New York City, a leading business group, said it is unclear who will enforce the mandate and whether it is even legal.

December 07, 2021 09:30 UTC

How can I protect myself from the new omicron variant? For all the attention omicron is getting, the overwhelming cause of infections and deaths in many places remains the extra-contagious delta variant. Omicron is an uncertain threat,” Dr. Francis Collins, director of the U.S. National Institutes of Health, told The Associated Press. In the meantime, “what we need to do is add more layers of protection,” says Dr. Julie Vaishampayan of the Infectious Diseases Society of America. But it also could help ensure safety before holiday gatherings, even if everyone attending has been vaccinated, Vaishampayan says.

December 07, 2021 03:43 UTC

Switzerland announced it will begin lifting quarantine restrictions on travelers from Egypt, the UK, Malawi and the Netherlands on Saturday. The British newspaper “The Independent” reported that Switzerland has exempted travelers coming from Egypt from quarantine for a period of ten days, after it imposed restrictions on November 27 due to fears of an outbreak of the omicron coronavirus strain. The newspaper quoted officials as saying that the decision will be implemented as of Saturday. According to the newspaper, Switzerland is no longer obligating travelers from abroad to undergo mandatory quarantine. The Swiss Federal Council said in a statement that all those coming to Switzerland must undergo a coronavirus examination and bear its cost.

December 06, 2021 11:55 UTC

Expanding the fields of teacher training and rehabilitation with mechanisms, skills and foundations of modern methods of dealing and communicating with people with special needs in order to enable them to learn and excel in various academic and practical fields. The artistic and cultural production sectors will produce more work aimed at highlighting the capabilities and creativity of citizens with special needs and their contributions to Egypt. All youth and sports organizations provide programs and activities for people of determination aimed at raising their physical fitness and improve their sports skills. Sisi’s remarks came during “Differently-Abled” celebration dedicated to children with special needs at the Al Manara International Conference Center in New Cairo. Sisi stressed that the positive support of the Egyptians for people with special needs will never stop and will only increase further.

December 05, 2021 23:38 UTC

The Egyptian Minister of the Public Business Sector, Hisham Tawfek, discussed with a delegation from the Belarusian MAZ company a cooperation in the manufacturing of 12-meter-long mass transit buses powered by natural gas. Tawfek discussed with the Belarusian delegation the signing of a contract for the supply of production requirements for the Engineering Automotive Manufacturing Company (EAMCO). This came during Tawfek’s visit to EAMCO: the Holding Company for Metallurgical Industries. It is targeted to start production in mid-2022 with an annual capacity of 250 buses, with a local component of more than 60 percent, in line with the state’s plan to deepen and localize the natural gas buses industry to the Egyptian market. He also inspected the production units in EAMCO, and directed to raise the efficiency of equipment, while providing full support for the advancement of the company.

December 05, 2021 02:38 UTC

He added that this situation requires necessary policies and measures, besides implementing many major projects to achieve the integrated and optimal management of water resources. Egypt gets 97% of its water from the Nile River and its annual need of water is about 114 billion cubic meters, said the Minister, adding that water resources do not exceed 60 billion cubic meters annually, with a gap between the resources and the consumption is of up to 54 billion cubic meters annually. “This gap is filled throughout reusing water, and importing agricultural crops [that could consume] about 34 billion cubic meters annually. “Ethiopian side deliberately issued false statements and managed the dam unilaterally, which caused great damage to the two downstream countries [Egypt and Sudan],” he added. “Water scarcity and climatic changes worsened the situation in water management in Egypt and made it very sensitive towards any unilateral projects implemented in the Nile Basin countries, without just and binding legal agreements to regulate these projects and limit their negative impacts on water in Egypt,” he said.

December 04, 2021 00:58 UTC

CAIRO-3 December 2021: Carlos Queiroz, Egypt national team head coach, stated that Egypt’s match against Sudan on Saturday will not be an easy fixture for the Pharaohs. “Sudan will be a difficult opponent. We have a good chance to play beautiful game and achieve the three points.” Queiroz said. The Portuguese head coach added “We created many chances against Lebanon and we could have scored more goals. Qatar hosts FIFA Arab Cup between 30 November and 17 December, with the participation of 16 Arab nations.

December 03, 2021 23:24 UTC

- ReutersCAIRO – 3 December 2021: Egypt's Health Ministry said 919 new coronavirus cases were detected on Thursday, upping the total number of infections since the outbreak of COVID-19 in the country to 360,435. In a statement, the ministry said 57 patients have died from the virus over the past 24 hours, raising the death toll to 20,594. Egypt is also carrying out studies on the emergence of the new coronavirus variant known as Omicron to study its effect on vaccine efficacy. Earlier, Canada suspended flights to Egypt along with nine African countries over fears related to the emergence of Omicron. On Tuesday, Egypt affirmed it has not detected any Omicron case so far.

December 03, 2021 09:43 UTC