Egyptian-Palestinian actress May Calamawy joins Ridley Scott’s ‘GLADIATOR 2’ as the female lead along with Oscar-nominated actor Paul Mescal
Egyptian-Palestinian actress May Calamawy joins Ridley Scott’s ‘GLADIATOR 2’ as the female lead along with Oscar-nominated actor Paul Mescal. Beside Calamawy the sequel stars Denzel Washington, Connie Nielsen, Pedro Pascal, among others. Gladiator is set in Ancient Rome and revolves around Maximus who is stripped of his rank and imprisoned after Commodus murders his family. Maximus becomes a gladiator to revenge from his rival while rising through the ranks of the gladiatorial arena.
Source:Egypt Today
May 19, 2023 23:01 UTC
Axis Launches Its Digital Payments Platform For Small Businesses - Dailynewsegypt
Axis has obtained the licence from the Central Bank of Egypt (CBE) for its open-loop mobile wallet, offering a digital banking alternative for small businesses and their employees. By digitizing payroll, axis aims to help up to 8 million small and micro businesses send salaries to their 20 million employees and contractors instantly onto the AxisPay mobile wallet. With Axis, small businesses can streamline their payments to employees and suppliers digitally. They can send salaries, reimburse expenses, and offer 'earned wage advances' to their employees on the AxisPay mobile wallet. The team is made of experienced FinTech experts who are building a world-class digital payments platform for small businesses.
Source:Daily News Egypt
May 19, 2023 14:41 UTC
Finance Min.: Egypt's 2024 budget aims to encourage private sector to increase spending in infrastructure
This endeavor - according to the financial statement - is based on a number of axes:1- Realism in estimating the targeted public revenues, in light of the tax community’s cost capacity, economic performance indicators, and target growth rates in the state’s sectors. 2- Effectiveness and rationality in estimating expenditures and controlling expenditures to the lowest possible limits in a way that ensures optimal use of available resources without affecting the continuation of the state's activities and the ability to achieve strategic goals. 3- Expanding investment spending in addition to encouraging the private sector to increase its investment spending in order to raise the efficiency of the infrastructure. This aims to improve the level of services provided and create job opportunities for many citizens. 4- The management of the institutions and public property should be in the interest of the public treasury, and that an appropriate return be achieved on the capital of these institutions without neglecting the performance of the social role of the state entrusted to some of them.
Source:Egypt Today
May 19, 2023 13:24 UTC
Sudan's Army Chief Inspects Soldiers In Khartoum - Dailynewsegypt
A video clip posted on the SAF's facebook page showed Al-Burhan appearing in a military uniform and surrounded by a group of soldiers who were making victory signs. The timing of the video clip is not verified. The Sudanese Doctors Union said on Tuesday in a statement that the civilian death toll has climbed to 822 since April 15. On Wednesday, the arab ministerial group on the situation in Sudan held its first meeting on Tuesday in Jeddah on the sidelines of the meeting of the Council of Arab Foreign Ministers. The Group is engaged in reaching out to the Sudanese and international parties to work to address the causes of the crisis and to seek a full and sustainable ceasefire.
Source:Daily News Egypt
May 19, 2023 09:19 UTC
Egypt postpones flotation of pound for 60 days: Citigroup
Despite much anticipation about the approaching date of floating the Egyptian pound, a report by Citigroup expects the decision to be delayed for 60 days. Further reduction in the price of the pound are futile in resolving external imbalances, the report said, pointing out that the near-term benefit of export growth from the depreciation of the currency is questionable. Likewise, the financial authorities in Egypt did not want to move toward a flexible exchange rate because the pound is already undervalued, according to Goldman Sachs. Multiple devaluations over the past year have left the Egyptian pound roughly 25 percent below its “fair value” in the long term on a spot basis, it added. Costa explained that the Central Bank of Egypt will likely wait for tourism revenues of about $14 billion to reflect on the economy before deciding on the need for another repricing of the pound.
Source:Egypt Independent
May 19, 2023 08:44 UTC
Daughters Of The Nile: Inspiring Women In Egypt - Dailynewsegypt
Role modelsThe dialogue comes on the occasion of the release of the Arabic version of“Daughters of the Nile: Egyptian Women Changing Their World”, which tells the stories of prominentEgyptian women. Spencer asked some prominent Egyptian women to write about their upbringings, struggles, and achievements. The author wanted to dispel the myth that Egyptian women are uneducated and under the sway of men. National Council for WomenThe National Council for Women's (NCW) President Maya Morsi expressed her joy to meet the“daughters of the Nile” in the home of Egyptian women. Al-Mashat confirmed that the book“Daughters of the Nile” is a source of inspiration for many women.
Source:Daily News Egypt
May 19, 2023 08:41 UTC
341 competitors ready to release homing pigeons in racing season
CAIRO - 19 May 2023: A total of 341 competitors are preparing to launch their homing pigeons Friday, from the launch point in the city of Salloum, as part of the homing pigeon racing season. There are 6,500 individual homing pigeons participating in the race, which is organized by the Egyptian Federation for Homing Pigeon Racing, and is for a distance of 650 kilometers. Mohamed Harfoush, general coordinator of the carrier pigeon races at the level of Lower Egypt, said that the carrier pigeons are received from the participant in the race at the level of 5 governorates. He said that the pigeons are carefully examined before being registered on the device, through veterinarians in the Veterinary Department, to ensure that the individual is safe from any diseases. For his part, Ahmed Khalifa, head of the Egyptian Federation for Homing Pigeon Racing, said that Friday is the final throw for the pigeon races towards Lower Egypt, and the starting point will be from the city of Salloum.
Source:Egypt Today
May 19, 2023 07:37 UTC
Non-bank financial activities gain luster despite challenges
Despite the challenges facing non-bank financial activities, such as high interest rates and the inflationary environment, expectations indicate a bright increase while maintaining the same growth rates during the current year. Daily News Egypt surveyed experts on expectations of growth rates in all non-banking financial activities. Double-edged swordMohamed El-Feki, co-founder of Sympl platform, which specializes in “buy now and pay later” services, explained that the rise in interest rates is a double-edged sword. Electric appliances and electronics accounted for the largest share of the financing value, at 38.2%, with financing value amounting to EGP 3.3bn of the total financing value granted. In the second place came the purchase of cars and vehicles, with its acquisition of 26.1% of the total value of financing, with financing value amounting to EGP 2.2bn.
Source:Daily News Egypt
May 19, 2023 06:05 UTC
Communications Minister inaugurates innovation centre of PwC with $10m investments
The ETIC has hired 400 technology experts so far. The centre will provide 5,000 job opportunities until 2025, and will achieve digital exports worth $300m over 3 years. The establishment of PwC’s Egypt Technology and Innovation Center comes in line with its vision to expand in the region in general and in Egypt in particular and to reinforce the company’s commitment to accelerating digital transformation across the region. During the past year, PwC signed a strategic memorandum of understanding with ITIDA to enhance the company’s continuous investment in its capabilities. PwC is a network of companies present in 152 countries and has approximately 328,000 employees committed to providing the highest quality standards in audit, advisory and tax services.
Source:Daily News Egypt
May 19, 2023 03:59 UTC
CBE's EG-Fincirt Acquires Accreditation, Membership Of FIRST - Dailynewsegypt
The accreditation and membership of the (FIRST) Forum aim to enhance and expand the collaboration and coordination through exchanging the expertise among member teams towards combating cybercrimes, facilitating rapid responses, supporting the development of common means of data exchange among members, and facilitating effective handling and responding to cyberthreats. FIRST forum also supports cooperation and strategic partnerships between countries and global institutions, links incident response teams from all member countries together and facilitates the exchange of technical expertise and cybersecurity intelligence. EG-FinCIRT membership in FIRST Forum comes in line with CBEs strategy, which aims to enhance the participation of the Computer Incident Response Center for the financial sector in implementing the national cybersecurity strategy efficiently and effectively; while improving the ability of state institutions and authorities to respond in a timely manner, cooperate and coordinate in preventing cyber-attacks. CBE's membership in the forum also contributes to supporting and raising Egypts Global Cybersecurity index, which also contributes to boost the confidence of the country's digital economy, supports in the attraction of foreign investments, and enhances the security and safety of critical banking infrastructure through immediate global exchange of the latest incident response frameworks and international best practices. FIRST is a global leader in cyber incident response, bringing together a diverse group of cyber incident response teams from government entities, businesses, and educational institutions, with currently over 600 members from around the globe.
Source:Daily News Egypt
May 19, 2023 01:00 UTC
The Clutter Conundrum: Unveiling the Secrets of Hoarding
We're going to delve into the depths of hoarding, understand why it's a bad thing, explore its root causes, and provide practical tips to conquer the clutter and embrace a clutter-free lifestyle. Hoarding, in simple terms, is the excessive accumulation of possessions and an overwhelming reluctance to let go of them. Now that we understand hoarding better, here are some practical tips to help individuals overcome hoarding tendencies and embrace a clutter-free life1. While hoarding may seem like an insurmountable challenge, with awareness, understanding, and the right strategies, it's possible to break free from its grip. By acknowledging the negative impact of hoarding, exploring its root causes, and implementing practical tips, individuals can reclaim their spaces, restore harmony in their lives, and enjoy a clutter-free life.
Source:Egypt Today
May 18, 2023 21:06 UTC
Egypt's Environment Minister, German Company Discuss Reducing The Reliance On Single-Use Plastic Bags - Dailynewsegypt
This came in the presence of Ali Abu Sunna, the Chief of the Environmental Affairs Agency, Tariq Al-Arabi, the Head of the Waste Management Regulatory Agency, and a number of representatives of the Ministry of Environment and experts. During the meeting, Fouad reviewed one of the models of the extended product liability system proposed in the field of plastic waste and packaging and the circulation of single-use plastic bags. The minister listened to a detailed explanation about the extended product liability policy and its applications in some other countries, its advantages and obstacles, and the German company's presentation about the German model in applying the extended product liability policy in terms of the nature of the executing agency, the procedures governing its application, and the method of implementation. For his part, the representative of the German company confirmed that the climate in Egypt is promising for implementing the policy of extended product liability, especially with the steps taken by the Egyptian state recently in developing the waste management system. The minister added that the planning, regulatory and oversight role of the Waste Management Regulatory Agency includes studying the most appropriate ways and mechanisms to implement the extended product liability policy in a way that benefits the producer, the consumer and the environment at the same time.
Source:Daily News Egypt
May 18, 2023 19:40 UTC
CNN travel ranks Egypt as one of top tourist destinations for 2023
In an article dubbed “Where to travel in 2023: The best destinations to visit,” CNN Travel showcased some of the best tourist destinations to be this year, with Cairo making the list. The report referred to the Grand Egyptian Museum, considered the largest museum dedicated to a single civilization. It showcased the Egyptian Museum in Tahrir Square and the wonderful archaeological treasures it contains. Coptic Cairo, part of Old Cairo, has a concentration of Christian sites that pre-date the arrival of Islam,” it added. CNN Travel highlighted Al-Azhar Park and its vast green spaces and a design inspired by historical Islamic gardens.
Source:Egypt Independent
May 18, 2023 17:21 UTC
Axis launches its digital payments platform for small businesses
Axis, a digital payments platform for small businesses, has launched its services, in partnership with Visa, the world leader in digital payments. Axis has obtained the licence from the Central Bank of Egypt (CBE) for its open-loop mobile wallet, offering a digital banking alternative for small businesses and their employees. With Axis, small businesses can streamline their payments to employees and suppliers digitally. During the ceremony, Jacques Marco, Axis Founder and CEO, said: “Small businesses are the backbone of the Egyptian economy, contributing to 80% of Egypt’s GDP. The team is made of experienced FinTech experts who are building a world-class digital payments platform for small businesses.
Source:Daily News Egypt
May 18, 2023 16:41 UTC
Ministry Of Finance Resumes Negotiations To Link ECSD With Euroclear - Dailynewsegypt
Egypt signed an agreement with Euroclear in late 2019 to pave the way for the settlement of its domestic debt in Europe, with the aim of making Egyptian bonds accessible to foreign investors, who currently can only access the market through a small number of local banks. Zaazaa told Daily News Egypt that the company is working on the second stage of its launch, which is to handle treasury bills issuance instead of the Central Bank by the end of next August, after it had started the bond clearing and settlement activity instead of Misr for Central Clearing, Depository and Registry (MCDR) earlier this week. He added to the Daily News Egypt that any government financial instruments will be processed by the ECSD, especially the activity of sovereign sukuk, if it is offered inside Egypt, and the secondary market. The ECSD was established with the aim of registering, depositing and settling government debt instruments with an authorized capital of one billion pounds, with an ownership structure distributed between the Central Bank by 70% and the Ministry of Finance by 30%. The ECSD aims to manage deposit and settlement operations for all government debt instruments through a unified legal entity operating in accordance with international standards.
Source:Daily News Egypt
May 18, 2023 12:03 UTC