Sisi, Mitsotakis urge enhancing Egyptian-Greek economic, energy cooperation
In a meeting in New Alamein city on Thursday, Sisi and Mitsotakis also stressed the importance of continuing energy cooperation with regard to natural gas, power linkage and green transformation. In this regard, Mitsotakis praised the Egyptian efforts to face illegal immigration especially in light of the burden that Egypt shoulders by hosting millions of refugees. The president also praised the fruitful cooperation between Egypt and Greece within the tripartite cooperation mechanism with Cyprus. Ukraine, LibyaDuring Thursday’s meeting, Sisi and Mitsotakis discussed the developments of the Russia-Ukraine crisis as well as the crisis in Libya. In this regard, Sisi affirmed Egypt’s stance in supporting the political track in Libya, highlighting the importance of holding the presidential and parliamentary elections as constitutional entitlements.
Source:Egypt Today
August 03, 2023 13:29 UTC
Central Bank of Egypt to decide EGP rate Thursday amid expectations of ‘no change’ for third consecutive time
The Central Bank revealed that the annual core inflation rate, prepared for its part, had risen to 41% by the end of June 2023, compared to 40.3% in May 2023. The annual general inflation rate recorded 35.7% in June 2023, compared to 32.7% in May 2023. The Central Bank of Egypt targets an inflation rate of 7% ± 2% on average during the fourth quarter of 2024 and 5% (±2%) on average during the fourth quarter of 2026. HC Securities and Investment expected that the Monetary Policy Committee of the Central Bank of Egypt would keep interest rates unchanged in its meeting tomorrow, Thursday. Accordingly, and based on Egypt’s current economic situation, we believe the MPC committee will likely maintain interest rates unchanged at its 3 August meeting.
Source:Daily News Egypt
August 03, 2023 13:05 UTC
Egypt, Turkey discuss industrial cooperation
Egypt’s Minister of Trade and Industry Ahmed Samir and Turkish Minister of Industry and Technology Mehmet Fatih Kacır met in Ankara on Thursday to discuss ways to enhance joint industrial cooperation. The two ministers discussed the possibility of signing a joint memorandum of understanding that would cover industrial cooperation, technical expertise transfer, technical training, university education, pre-university education, industrial investment, and agricultural manufacturing. Samir also proposed establishing a mechanism for joint cooperation in manufacturing in Egypt and exporting to various countries. He also highlighted the importance of enhancing industrial and technological cooperation between the two countries, especially as Turkey has 354 industrial zones and the industrial sector’s contribution to the Turkish GDP is 27% and is worth $240bn. He also pointed out the importance of benefiting from all opportunities for joint industrial investment and cooperation in the field of new and renewable energy, including solar and wind energy.
Source:Daily News Egypt
August 03, 2023 10:39 UTC
Egyptian National Dialogue participants call for drafting legislation to put ceiling on public debt
CAIRO – 2 August 2023: A number of participants at the Egyptian National Dialogue have suggested drafting a legislation to put a ceiling on public debt amid the global economic crisis and increased debt burden. According to an official statement by the National Dialogue on the public debt session on Tuesday, a number of speakers have also called for supporting small and medium-sized enterprises. They called for integrating informal economy into formal economy and reducing budget deficit by curbing expenditures and setting priorities. Assistant Rapporteur of the National Dialogue’s Public Debt Committee Abdel Fattah El-Gebaly noted that Egypt's public debt has risen to 113 percent of GDP. Despite demands for a legislation to put a ceiling on debt, National Dialogue Technical Secretariat Head Mahmoud Fawzy questioned the effectiveness of such law, noting that all countries borrow only when required.
Source:Egypt Today
August 03, 2023 08:59 UTC
101 Guide to Surviving College Years
Goodbye, High school days, uniforms, and homework. As you enter college life and start your journey to adulthood, there are things you must learn to survive and misconceptions you must overcome. Let’s begin with…College is Harder than HighschoolWhat made a senior year in high school so hard was the fact it was the year whether you make it or break it. Now, this phase is different, you entered college, and the worst is over, or is it not? So it’s a complete surprise when you arrive at college and see new people with different backgrounds, ideas, and perspectives.
Source:Egypt Today
August 02, 2023 23:20 UTC
ECOWAS defence chiefs meet over coup in Niger
The defence chiefs of countries within the 15-member Economic Community of West African States (ECOWAS) on Wednesday began a three-day meeting in Nigeria over the situation in Niger where soldiers recently overthrew the elected government of Mohammed Bazoum. Defence chiefs from Mali, Niger, Guinea, Burkina Faso, and Guinea-Bissau were absent from the meeting, a source present at the meeting told Xinhua. But the junta has vowed to resist any plan of aggression against Niger by the ECOWAS or any Western power. The governments issued a joint statement on Friday, expressing their solidarity with the people of Niger and denouncing the sanctions imposed by ECOWAS. The sanctions were imposed after Niger’s military junta refused to hand over power to civilians after a coup in February.
Source:Daily News Egypt
August 02, 2023 20:17 UTC
Saudi cabinet approves MoU with Egypt in electricity, renewable energy spheres
Saudi Minister of Industry and Mineral Resources and Acting Minister of Media Bandar bin Ibrahim al Khorayef said that this came during a Cabinet session held on Tuesday at Al Salam Palace in Jeddah under the chairmanship of Saudi King Salman bin Abdulaziz al Saud.
Source:Egypt Today
August 02, 2023 17:03 UTC
Al-Sisi directs intensifying efforts to develop Egypt’s health system
President Abdel Fattah Al-Sisi has directed intensifying efforts to develop the health system in Egypt, especially in villages and the most vulnerable areas. This came during Al-Sisi’s meeting on Tuesday with Prime Minister Mostafa Madbouly, Minister of Health and Population Khaled Abdel Ghaffar, Presidential Advisor for Health and Prevention Mohamed Awad Taj al-Din, and Head of the Engineering Authority of the Armed Forces Ahmed Al-Azazi. Presidential Spokesperson Ahmed Fahmy said that the meeting discussed efforts to develop the health system nationwide. In this context, the President was briefed on the executive position of national projects in the health sector, the completion rates, and the timeframe for completing each project. The President was informed on the operational position of the comprehensive health insurance system, the completion rates and the number of health services provided under public health initiatives, with a total of more than 145 million health services provided through all presidential initiatives benefiting 90 million citizens.
Source:Daily News Egypt
August 02, 2023 12:17 UTC
The War in Sudan: Causes & consequences - Dailynewsegypt
The war in Sudan, also known as the Second Sudanese Civil War, lasted from 1983 to 2005. This essay will explore the causes and consequences of the war, and the international response to the conflict. The war in Sudan was caused by a variety of factors, including political, economic, and social grievances. The referendum was held in 2011, and 98% of voters supported secession, leading to the creation of South Sudan as an independent country. However, the legacy of the war continues to be felt in Sudan and South Sudan, and the international community must continue to support efforts to address the ongoing humanitarian crisis in the region.
Source:Daily News Egypt
August 02, 2023 12:13 UTC
Egypt’s Social Housing and Mortgage Finance Fund, aiBANK sign cooperation protocol
Egypt’s Social Housing and Mortgage Finance Fund and aiBANK signed a cooperation protocol today to bolster their partnership and cooperation in order to finance a larger number of applicants for the Fund. The protocol was signed by Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund, and Tamer Seif El-Din, CEO and Managing Director of aiBANK. The Social Housing and Mortgage Finance Fund currently collaborates with 31 financing institutions and real estate financing companies across Egypt. Abdel Hamid also affirmed that aiBANK is an essential partner for the Social Housing and Mortgage Finance Fund in real estate financing. Hamid added that the fruitful cooperation between the Social Housing and Mortgage Finance Fund and aiBANK benefits Egyptians included in the presidential initiative ‘Housing for all Egyptians’ for limited- and middle-income citizens.
Source:Daily News Egypt
August 01, 2023 20:48 UTC
Highlights: New projects aim to raise Alexandria port's global ranking
CAIRO - 1 August 2023: Egypt seeks to set up many different projects in all sectors, including the maritime transport sector, which has witnessed great development in recent years. Among the projects is the establishment of many different projects to raise Alexandria port's capacity globally, in a way that it can receive huge sailing ships from all over the world. In the below lines, et highlights some of the projects that targeted developing the maritime transport sector:1- Tahya Misr Station 55-62, with a sidewalk length of 2500 meters2- Berth 85/3, with a length of berths 433 meters3- Al-Maleh Lock Bridges, including 2 bridges with a length of 170 meters4- Establishing the infrastructure for new squares with an area of 176,000 square meters5- The berth for marine services is 7.5 meters long by 60 meters wide and 13 meters long by 100 meters wide. 6- Platform 100 (The berth is 1150 meters long and 16 meters deep)7- Logistics area 273 acres (Totaling 18-24 million tons)8- Nag Esso and Aluminium (A total of 12.86 acres for the aluminum face)Nag Eso with a total of 6.42 acres
Source:Egypt Today
August 01, 2023 17:55 UTC
Egypt Calls on OIC to Confront Islamophobia
CAIRO - 1 August 2023: Egypt stressed the vital role the international community needs to play in fostering a culture of tolerance, coexistence, and respect for all forms of cultural and religious diversity. In its statement, Egypt vehemently condemned crimes targeting Muslims, their religious symbols, and the Holy Quran. The country reiterated its commitment to protecting religious freedom and promoting peaceful coexistence in the face of escalating intolerance. Egypt further called upon the Organization of Islamic Cooperation to rally its efforts and take practical steps to confront the spread of Islamophobia, a phenomenon increasingly threatening peace and security in societies worldwide. In his speech, Ambassador Loza also emphasized the importance of addressing such crimes and violations, preventing their recurrence, and holding the perpetrators accountable.
Source:Egypt Today
August 01, 2023 16:59 UTC
Egypt’s Cabinet launches English-language mobile app featuring government activities
Egypt’s Cabinet has launched an English-language mobile app as part of its efforts to support the government’s information availability and highlight its various activities. The Head of IDSC added that the contents of the Cabinet’s English-language mobile app are divided into several sections, including a special section for Cabinet news and another for government meetings. In addition, the new app provides an important window for encouraging foreign investment and facilitating business procedures by allowing the possibility of submitting applications within the “Golden License” system. The new app provides a complete guide in English on the conditions for obtaining the “Golden License” and the steps for submitting and reviewing the application online. The app is available for download on the App Store and Google Play.
Source:Daily News Egypt
August 01, 2023 14:06 UTC
Four dead after Indian railway officer opens fire on moving train
CNN — An Indian railway security officer opened fire on a moving train in the country’s western Maharashtra state on Monday, killing four people, according to a spokesperson for the Western Railway. The incident occurred on a passenger train traveling from Jaipur to Mumbai around six a.m. local time (8:30 p.m. ET Sunday), the spokesperson told Indian news agency Asian News International on camera. He was arrested by police after he pulled the alarm and jumped off the train, the spokesperson continued. Divisional Railway Manager Neeraj Kumar told reporters that the families are being contacted and compensation would be given to the next of kin.
Source:Egypt Independent
August 01, 2023 13:41 UTC
Three governorates to be excluded from Egypt’s electricity load reduction plan
The Crisis Management Committee has agreed to exclude three governorates from its plan to reduce electrical loads nationwide, during a meeting on Monday at the headquarters of the Egyptian Cabinet in the New Administrative Capital. Cabinet Spokesperson Nader Saad explained that the electrical load reduction plan, which was prepared in coordination between the ministries of Electricity and Petroleum, now excludes the governorates of Matrouh, South Sinai and the Red Sea due to low consumption rates. The plan covers the rest of Egypt’s 24 governorates, he said. According to the Electricity Ministry’s plan, in the event of emergency breakdowns occurring during the day in any area outside the load reduction plan, the ministry will be notified through data from each electricity transmitting company. Prime Minister Mostafa Madbouly announced in a press conference last week measures to deal with the reduction of electricity loads brought on by a searing heat-wave gripping the country.
Source:Egypt Independent
August 01, 2023 13:11 UTC