The Real Winners of Ramadan 2023
Amr Salama and Hala Sarhan were the other celebrities that also praised Jaffar ElOmda and its director Mohamed Sami. Jaffar ElOmda brought different segment of society together; working class, middle class and upper class which rarely happens. According to ‘Media Hub’ Jaffar ElOmda has gained more than 296.7 million viewers over the month of Ramadan while That El Wessayia managed just over 61 million viewers. But it didn’t have the same impact as Jaffar ElOmda across the arab world. This was another successful factor in Jaffar ElOmda series, the presence of Ahmed Saad who has collaborated with Mohamed Sami many times before.
Source:Egypt Today
May 03, 2023 04:40 UTC
Egypt Launches Model Conference of the States Parties to the United Nations Convention in Aswan and Aswan University
The Model Conference of the States Parties to the United Nations Convention against Corruption (Model COSP) will be launched in Aswan Governorate on next Wednesday. Around 255 AATMT and Aswan University students have applied to join the Model COSP in Aswan. The program of the Model COSP started in February 2023 within the framework of implementing the National Anti-Corruption Strategy 2023-2030. Additionally, both parties organized the Model Conference of Parties in the UN Framework Convention of Climate Change (Model COP27) in 2022. Egypt, represented by the Administrative Control Authority, currently assumes the Presidency of the Conference of the State Parties to the United Nations Convention against Corruption since December 2021.
Source:Daily News Egypt
May 03, 2023 03:11 UTC
The Arab League offers, calls for humanitarian aid for Sudan
CAIRO - 2 May 2023: The Arab League (AL) called on Tuesday for a complete ceasefire in Sudan for emptying all civilian buildings, especially hospitals of any military presence. The resolution issued by the AL highlighted an initiative by Algeria to coordinate with the U.N. and the African Union in regards ti the Sudanese crisis. The member states expressed readiness to assist Sudan with humanitarian aid, food, and medical supplies. They welcomed AL Secretary-General Ahmed Aboul Gheit’s call to hold an emergency session for the Council of Arab Ministers of Social Affairs, and another for the Council of Arab Ministers of Health to form a comprehensive Arab response to the crisis and its humanitarian and health repercussions on the Sudanese people. The AL called on the international community to provide all urgent humanitarian and medical assistance to meet the needs of the Sudanese people and to provide support to Sudan's neighboring countries that receive Sudanese citizens seeking safe haven.
Source:Egypt Today
May 03, 2023 01:23 UTC
JBIC invests more than $1.26bln in Egypt: Al-Mashat
The discussion also tackled the participation of the Japanese private sector in implementing the national platform for green projects, the “Nouwfi” program. Additionally, the government is looking forward to the participation of the Japanese private sector in the implementation of projects. Al-Mashat praised the Japanese role in supporting many important projects in Egypt, in cooperation with Japanese companies, and providing easy financing mechanisms for private sector companies in sustainable development. Al-Mashat also highlighted the Bank’s support to the efforts of the private sector in development projects. He explained that the bank’s investments In Egypt exceed $1.26bn in Egypt for the private sector to implement many projects in various fields, especially renewable energy.
Source:Daily News Egypt
May 02, 2023 23:25 UTC
Global real estate assets record $4trn: Official
Head of Real Estate Export Council Hesham Shokry stated that the global real estate export market trades $300bn annually, half of which are real estate funds and the second half are individuals or small investors. Shokry said that the global real estate assets reached $4trn, of which 60% are owned and managed by real estate funds, noting that “whoever wants to create a strong real estate in Egypt must have funds, and unfortunately we do not have real estate funds in Egypt.”He added that MIPM exhibition in France, the largest real estate conference and exhibition in the world, is considered the first stop for those who want to put themselves on real estate export map because it represents the largest gathering of real estate funds in the world, as there is no strong real estate industry in a country without presence of property funds. Head of the Real Estate Export Council highlighted that the most important problems are property funds, and stressed the need to amend executive regulations. The existence of real estate funds must be activated, the executive regulations must be amended and problems related to them must be overcome, and large financial institutions must be encouraged, in cooperation with banks in Egypt, to establish real estate funds as a first step to attract foreign real estate funds. There are real estate funds in more than 40 countries in the world, including African countries in Nigeria and South Africa.
Source:Daily News Egypt
May 02, 2023 21:20 UTC
S&P Revises Outlook For Three Egyptian Banks To Negative - Dailynewsegypt
The agency affirmed its global long- and short-term issuer credit ratings on these banks at“B/B”. This follows the agency's revision of its outlook for Egypt from stable to negative on 21 April, while maintaining the country's local and foreign currencies credit ratings at“B”. S&P indicated that any decrease in Egypt's sovereign credit rating will negatively impact the banks' stand-alone credit profiles as the country's creditworthiness affects the rating of Egyptian banks. S&P maintained that NBE, Banque Misr, and CIB's ratings could be lowered in the next 12 months if Egypt receives a negative rating or the operating environment becomes less supportive for banks.
Source:Daily News Egypt
May 02, 2023 19:39 UTC
Health Ministry Reviews Endemic, Liver And Infectious Diseases Institute's Efforts In 2023 - Dailynewsegypt
Hossam Abdel Ghaffar, the official spokesperson for the Ministry of Health and Population, indicated that the medical services provided by the institute included outpatient services in several specialities including; internal, liver and digestive system, tumours, early detection of tumours, children, skin, and liver transplantation. 101, 503 citizens have received services through medical clinics. Abdel Ghaffar noted that the number of beneficiaries of radiology services amounted to 5,424 cases, including (diagnostic, ultrasound, CT, and resonance imaging), in addition to conducting 60,014 laboratory analyses. Bassem Issa, the Director of the National Research Institute for Endemic, Liver and Infectious Diseases, indicated that the internal department of the institute operates with a capacity of 108 beds, including (internal, intensive and intermediate care) beds. Issa added that the institute participates in the initiative of the president of the republic to finalise waiting lists.
Source:Daily News Egypt
May 02, 2023 15:02 UTC
Environment Minister discusses joint cooperation with UCLG Africa
Egypt’s Minister of Environment Yasmine Fouad met on Monday with Jean Pierre Elong Mbassi, the Secretary General of United Cities and Local Governments of Africa (UCLG Africa), to discuss ways of joint cooperation during the coming period and support the organization’s effective participation in the road from COP27 to COP28 summit. The meeting also discussed Egypt’s hosting of the organization’s technical support unit for the African initiative for adaptation, and ways to support it in the future. This came in the presence of Mohamed Hegazy, the Director of the Regional Office of the organisation in North Africa, and Soha Taher, the Head of the Central Administration for International Cooperation. Fouad and Mbassi also discussed cooperation in hosting the organization’s regional headquarters in Egypt for the technical support unit for the African Adaptation Initiative. Provided by SyndiGate Media Inc. (Syndigate.info).
Source:Daily News Egypt
May 02, 2023 14:53 UTC
The 5 safest countries for women to travel alone in 2023
Despite the growing trend of solo travel, women still face unique challenges when venturing abroad on their own. Here are the five safest countries as ranked by solo women travelers:1-SloveniaSlovenia ranked at the top of the WPS Index for Central and Eastern Europe, with 85 percent of women feeling safe there according to the index. Rebecca Hansen saw this firsthand when she moved to Rwanda from Denmark in 2019, and found it very safe to travel on her own. The UAE also topped the WPS Index 2021. Dubai, in particular, has been ranked as the safest city for solo travelers based on an index by travel insurance company InsureMy Trip.
Source:Egypt Independent
May 02, 2023 13:04 UTC
What Is The Potential Impact Of AI Apps On Egypt And The Middle East? - Dailynewsegypt
Artificial intelligence is the simulation of human intelligence processes by machines or computer systems. A Magnet report on the impact of artificial intelligence on the economies of the Middle East and North Africa region said that India and China are leading the way with regard to artificial intelligence, while the current situation in the Middle East and North Africa is still in its infancy. According to Google's“The Future of Artificial Intelligence in the Middle East and North Africa” report, it is estimated that the Middle East and North Africa region will collect $320bn by 2030 in value added by AI. Over the past few years, countries in the Middle East and North Africa have published their strategies for artificial intelligence. According to McKinsey, between now and 2030, 45% of current businesses in the Middle East will likely be automated.
Source:Daily News Egypt
May 02, 2023 13:02 UTC
Shoukry Participates In Arab Foreign Ministers Meeting On Syria - Dailynewsegypt
The committee stems from the consultative meeting of the foreign ministers of the Gulf Cooperation Council (GCC) countries, Egypt, Jordan and Iraq, which was held in Jeddah, Saudi Arabia, on April 14, to discuss ways to promote joint Arab action. Ambassador Ahmed Abu Zeid, the spokesperson, said that the committee is scheduled to discuss ways to deal with the Syrian crisis, including strengthening the solidarity of Arab countries with the brotherly Syrian people in overcoming their plight. For his part, the spokesman of the Jordanian Foreign Ministry, Sinan Majali, said that the meeting comes as a complement to the consultative meeting of the GCC, Jordan, Iraq and Egypt, hosted by Saudi Arabia. He added that the meeting comes to build on the contacts made by these countries with the Syrian government and in the context of their proposals, and the Jordanian initiative to reach a political solution to the Syrian crisis. The Jeddah meeting stressed that a political solution is the only solution to the Syrian crisis, and the importance of having an Arab leadership role in the efforts to end the crisis, developing the necessary mechanisms for this role, and intensifying consultation among Arab countries to ensure the success of these efforts.
Source:Daily News Egypt
May 02, 2023 12:01 UTC
Irrigation Ministry prepares for maximum water needs period
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilam, held a meeting with the leaders of the ministry to follow up on the current preparations for the period of maximum water needs in the summer season, and the procedures for following up the levels and disposals of the network of canals and drains in the various governorates. During the meeting, Sweilam reviewed the results of the ministry’s committees’ work of purifying canals in many governorates. The minister stressed the speedy completion of the remainder of the work of purification of canals and drains, and that the directors of the irrigation department in all governorates tighten control over the quality of purification of canals, and continue to monitor levels, disposals, and the condition of embankments in canals and drains, and reassurance of the ability of these waterways to pass the required water disposals to ensure that all water needs are met during the next maximum needs period. He also ordered that the general directors of irrigation in all governorates must take the necessary measures to avoid unfair purification of canal embankments and to ensure that the equipment used by contractors in the purification work is appropriate in a way that does not cause an unjust purification of canal embankments. Moreover, Sweilam stressed the necessity of continuing coordination between irrigation, drainage and mechanics directorates and continuing to raise the level of readiness among all the ministry’s agencies, and activating emergency rooms in all governorates, to ensure the provision of water needs for all beneficiaries and the readiness of lifting stations and mobile emergency units to ensure safe levels for canals and drains.
Source:Daily News Egypt
May 02, 2023 09:04 UTC
Egypt sign contract with South Korea’s Daesun to build multi-purpose ships
Egyptian Minister of Transport Kamel Al-Wazir witnessed the signing of construction contract for two multi-purpose ships MPC14K between Alkahera Company for Ferries and Maritime Transport (KCFMT), affiliated to the Ministry of Transport, and Korean Daesun Shipbuilding and Engineering, in the presence of Seok Lee, the commercial attache of the South Korean embassy in Egypt. The contract was signed by Wael Mohamed El Khaleq, Chairperson and Managing Director of KCFMT, and Deputy Chairperson of Daesun Sung-Geun Lee. The Minister of Transport stated that this signature includes KCFMT cooperating with the DAESUN Shipbuilding to build 2 multi-purpose ships in accordance with the best international specifications in the shipbuilding industry. The capacity of the holds is 15,800 m3, a tonnage of 14,000 tonnes, a speed of 14 knots, a container load of 709 containers. The number of commercial ships in the National Navigation Company reached 13 ships (12 bulk ships – 1 container ship).
Source:Daily News Egypt
May 02, 2023 08:53 UTC
Money Market Awaits Government IPO Programme - Dailynewsegypt
Prime Minister Mostafa Madbouly said in a statement on Saturday that the government aims to collect $2bn from the government offering programme before the end of next June. Madbouly explained that the sovereign fund is negotiating with investment agencies to implement the offering programme, while CBE is preparing the banks to be offered. Yasser El-Masry, managing director of the Arab African International Securities (AAIS), said that the market is ready to start implementing the government offering programme. For his part, Mohamed Farouk, Chairman of Global Invest, said that the most important thing is the actual start of implementation to reassure investors about the seriousness of the offering programme. It should include the timing of each offering of the programme companies, especially that the talk about the offering programme started in 2016 until now.
Source:Daily News Egypt
May 02, 2023 07:42 UTC
El Said Darwish & Partners, Ibrahim & Partners announce strategic association to expand regional footprint in Egypt, UAE
El Said Darwish & Partners, a leading law firm in Egypt, and Ibrahim & Partners, a leading Band 1 law firm in the UAE, announced a strategic association strengthening their regional footprint. The collaboration brings together two dynamic and innovative legal practitioners with a shared vision of providing top-notch legal services to clients in the MENA region. With a deep-rooted and extensive knowledge of the local legal system, El Said Darwish & Partners offers clients a unique perspective on doing business in Egypt.Building on its strong presence in the UAE and thorough understanding of the local business environment, Ibrahim & Partners is well positioned to advise clients on a wide range of legal issues. Mohamed Darwish, Founding Partner said:“With cumulative investments of almost $22bn, the UAE is the largest investor in Egypt. We are thrilled to partner with Ibrahim & Partners, providing a comprehensive integrated legal advisory platform that supports these booming bilateral ties.”Ibrahim El Said, Founding Partner emphasized the importance of this association as “a pivotal step that strengthens our ambitions towards shaping a pan-regional legal ecosystem providing services that reflect an evolving business landscape.”Ahmed Ibrahim, Managing Partner of Ibrahim & Partners, said: “We are excited to collaborate with El Said Darwish & Partners, highly respected legal professionals, our association will allow us to better serve our clients in the region by combining our strengths and expertise in a way that benefits all parties involved.”The association between El Said Darwish & Partners and Ibrahim & Partners underscores the growing synergies between Egypt and the UAE and creates a powerful platform for comprehensive legal advisory spanning arbitration, banking, capital market, construction, contracts, commercial agencies and franchises, corporate and M&A, employment, energy and infrastructure, intellectual property, litigation, real estate, sports law, taxation, and tourism.
Source:Daily News Egypt
May 01, 2023 20:47 UTC