Egypt condoles with Congo over victims of floods, landslides
CAIRO - 14 December 2022: Egypt offered condolences to the Democratic Republic of Congo over the death of over 100 people in floods and landslides. In a statement on Wednesday, the Foreign Ministry underlined Egypt's support for Congo in confronting flash floods and landslides that his the country, leaving behind victims and severe structural damage. Egypt condoled with the families of the victims and wished those injured speedy recovery.
Source:Egypt Today
December 14, 2022 23:18 UTC
Intriguing Collection of Gold Jewelry Found at Amarna Burial
The Woman with OrnamentsThe burial recently discovered in the Northern General Cemetery was of a woman wrapped in fabric and plant fiber. The Egyptian-English archaeological mission has unearthed a collection of gold jewelry at Tel el-Amarna, a pharaonic city south of Egypt. Speaking about the burial, Dr Stevens explained: “Her burial is located at the Amarna North Desert Cemetery in the low desert west of the North Tombs. As elsewhere in Egypt, necropolises and burial tombs with their abundant treasures and decorations are an extraordinary source of information about the culture of the period. There is also something endearingly timeless about finding the burial of a woman bedecked in death with her precious jewelry.
Source:Egypt Today
December 14, 2022 22:06 UTC
Industrial Development Authority launches fourth phase of electronic map for industrial investment - Daily News Egypt
The Public Authority for Industrial Development recently announced the launch of the fourth phase of the electronic map for industrial investment, which includes offering new investment opportunities on plots of land in the priority industrial sectors targeted by the Ministry of Trade and Industry’s plan. The plan aims to encourage domestic and foreign investment to invest in the industrial sector within the framework of the Egyptian state’s efforts to move towards digital transformation and expand the provision of electronic services to the business community to facilitate investments. Mohamed Abdel Karim — Chairperson of the Authority — said that the fourth phase was launched in coordination and cooperation with the General Authority for Investment and Free Zones (GAFI), which represents a reactivation of the map of industrial investment opportunities within the framework of an integrated and comprehensive package of measures and facilities approved by the Industrial Development Authority to advance industrial investment and meet the growing demand on industrial lands. He pointed out that this stage includes plots of land for a total of 1,051 new industrial investment opportunities on an area of two million sqm distributed across 11 governorates nationwide. The head also indicated that an indicative list of “targeted activities” was also prepared for 86 industrial projects that were studied in cooperation with the Industry Modernisation Centre with the aim of deepening local industrialisation.
Source:Daily News Egypt
December 14, 2022 15:37 UTC
El-Batal Developments to open Rock Gold in December 2023 - Daily News Egypt
El-Batal Developments recently launched the Rock Gold project — the first specialised mall for selling gold in Egypt, which combines major gold dealers and brands, as well as everything that meets women’s aesthetic and health needs. During the Nebu II Expo, the company is offering shops in the Rock Gold project — which is located in New Cairo — before the expected price increases in the beginning of January 2023. The company intends to open the first specialised mall for selling gold and jewellery in December 2023. Emad Doss — CEO and Managing Director of El-Batal Developments — stated that the company is present at the Nebu II Expo to show off Rock Gold Mall and to communicate with the target client base of major gold traders and manufacturers in Egypt. El-Batal Developments implemented a series of projects in the Egyptian market in East and West Cairo, such as Rock Eden, Rock Vale, and Rock Vera, in addition to launching three other projects — Rock Yard in Sheraton and Rock Capital 1 in the New Administrative Capital.
Source:Daily News Egypt
December 14, 2022 15:35 UTC
Know more about 10 prohibitions in Egypt's new irrigation law
CAIRO - 14 December 2022: Egypt's new water resources and irrigation law includes 10 prohibitions that are forbidden to be carried out, with the aim of preserving water resources in light of their limitations. into the course of the Nile River, its branches, its lagoons, or the outlets of torrents. - Cutting the Nile bridges or waterways. - Constructing basins for special water-raising machines and pipes attached to them on the bridges of the Nile and its branches and waterways. Any violation of the provisions of this article shall be removed by administrative means at the expense of the violator.
Source:Egypt Today
December 14, 2022 10:13 UTC
Government banks explore opportunities to attract Egyptian expats invest home
Minister of State for Immigration and Egyptian Expatriates’ Affairs Soha El Gendi met with major Egyptian investors in the UAE, in the presence of Ambassador Ashraf El-Deeb, Consul General of Egypt in Dubai; Ambassador Amr Abbas, Assistant Minister of Immigration for Community Affairs; and a number of representatives of Egyptian state-run banks. Representatives of national banks also reviewed opportunities to support investors and facilitate the participation of investors in successful and already existing projects, in cooperation with the authorities. It is ready to be implemented with distinguished facilities in a variety of fields, and the Minister of Immigration presented all these ideas and projects to the Egyptian investors in the UAE. The Minister of Immigration reviewed the role of young researchers, linking scientific research with industry, and what they presented during the Cop27 Climate Summit. She also discussed the electronic application being implemented in cooperation with the Ministry of Communications, including an integrated link for Egyptians abroad and all the incentives, facilities and services provided to them.
Source:Daily News Egypt
December 14, 2022 05:03 UTC
Abdel-Motaleb Named as Head of NBA Egypt, Vice-president of NBA Africa
Dec. 13, 2022: NBA Africa today named Mohamed Abdel-Motaleb Soliman as Vice President and Head of NBA Egypt, where the league’s fourth office on the continent will open in early 2023. “The launch of our fourth African office in Cairo reflects our belief in the enormous potential for basketball and the NBA in Egypt,” said Williams. He is a three-time Most Valuable Player of the Egyptian Basketball Super League (1993, 1995 and 1998) and was voted the Arab Basketball Confederation’s best player in 1995. He was named vice president of the Egyptian Basketball Federation in 2012, a member of the FIBA Competitions Commission in 2014, and deputy secretary general of the Egyptian Olympic Committee in 2022. Earlier this year, Cairo’s Hassan Mostafa Indoor Sports Complex served as the host venue of the Basketball Africa League’s Nile Conference group phase and the 18th edition of Basketball Without Borders Africa, the NBA and FIBA’s global basketball development and community outreach program.
Source:Egypt Today
December 14, 2022 01:33 UTC
Government banks explore opportunities to attract Egyptian expats invest home - Daily News Egypt
Minister of State for Immigration and Egyptian Expatriates’ Affairs Soha El Gendi met with major Egyptian investors in the UAE, in the presence of Ambassador Ashraf El-Deeb, Consul General of Egypt in Dubai; Ambassador Amr Abbas, Assistant Minister of Immigration for Community Affairs; and a number of representatives of Egyptian state-run banks. Representatives of national banks also reviewed opportunities to support investors and facilitate the participation of investors in successful and already existing projects, in cooperation with the authorities. It is ready to be implemented with distinguished facilities in a variety of fields, and the Minister of Immigration presented all these ideas and projects to the Egyptian investors in the UAE. The Minister of Immigration reviewed the role of young researchers, linking scientific research with industry, and what they presented during the Cop27 Climate Summit. She also discussed the electronic application being implemented in cooperation with the Ministry of Communications, including an integrated link for Egyptians abroad and all the incentives, facilities and services provided to them.
Source:Daily News Egypt
December 13, 2022 21:55 UTC
AL, Egypt, Finland discuss latest developments in Arab and international arenas - Daily News Egypt
Hamdi Sanad Loza — Deputy Foreign Minister for African Affairs — received on Tuesday Sofie From-Emmesberger — Director-General of the Department of Africa and the Middle East at the Finnish Foreign Ministry. The talks focused on regional issues of common interest, including the Middle East peace process, African peace and security issues, and ways to strengthen cooperation frameworks between the AU and the EU in light of the outcomes of the sixth summit between the two sides in February 2022. Earlier on Tuesday From-Emmesberger met with Assistant Secretary-General for International Political Affairs at the General Secretariat of the Arab League Khalid bin Mohammed Manzalawi. The two sides held consultations on the latest developments in the Arab and international arenas, as well as ways to enhance cooperation.
Source:Daily News Egypt
December 13, 2022 19:13 UTC
Cabinet denies issuing ban on imports to Egypt
The Libyan Ministry of Health received the sixth shipment of liquid oxygen supplies from Egypt- press photoCAIRO - 13 December 2022: In a statement Tuesday, the Cabinet has denied groundless reports circulated on social media accounts that Egypt banned imports of some commodities. The Cabinet said it contacted the Ministry of Trade and Industry which denied such reports, saying that Egypt is committed to the rules of international trade. It added that different kinds of goods are allowed into Egypt after inspection operations to make sure they meet due international standards and classifications. It appealed to citizens to turn a deaf ear to such false news.
Source:Egypt Today
December 13, 2022 18:37 UTC
Egypt, World Bank Group discuss developments of social housing financing programme
Minister of International Cooperation Rania Al-Mashat met Sunday with a World Bank Group delegation headed by Marina Wes, Country Director for Egypt, Yemen and Djibouti at the Bank, to discuss developments in the joint social housing financing programme. The meeting also included Robert Bogoda, Director of Operations in the Middle East and North Africa; Mai Abdel Hamid, CEO Social Housing and Mortgage Support Fund; and the World Bank and the Ministry of International Cooperation working teams. In addition to providing 25,000 social housing units in accordance with green building standards, as the first initiative of its kind in Egypt, the social housing financing programme has created job opportunities through the construction and development sector and provided 3 million direct and indirect job opportunities over the course of the programme. For their part, the World Bank Group mission praised the results achieved by Egypt in the social housing file, which is one of the largest programs of its kind in the world, which enhances efforts to provide adequate housing for citizens with lower incomes. They affirmed that this model prompted many member countries of the World Bank Group to start inquiring about these efforts and the possibility of repeating them with the World Bank in order to implement the same model in different countries, especially in Africa.
Source:Daily News Egypt
December 13, 2022 17:36 UTC
Egypt seeks to activate outputs of COP27 during G20 Summit in 2023: Foreign Ministry
Egypt expressed its intention to raise the issue of supporting and activating the outputs of the Sharm El-Sheik Climate Change Conference (COP27), and the fulfillment of developed countries’ commitments and pledges regarding financing, during the next G20 Summit, next year in India. Al-Itribi stressed the need to mobilize private investment in priority development sectors in developing countries, especially energy, food, and infrastructure, including through the use of innovative and mixed funds. He pointed out the importance of having an active and constructive role for the G20 in light of the current international economic conditions, which are very complicated. © 2022 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).
Source:Daily News Egypt
December 13, 2022 17:32 UTC
Egypt screened 25 million students for early detection of dwarfism, anemia over past 3 yrs
This is meant to facilitate the work of the survey teams. Dr. Hossam Abdel Ghaffar, spokesman for the Ministry of Health and Population, said that work has been resumed on the initiative of the President of the Republic for early detection of diseases (anemia, obesity and dwarfism) among primary school students. Dr. Hossam Abdel Ghaffar, the official spokesman for the Ministry of Health and Population, explained that the stages of detection in the initiative include: measurement of weight, height, anemia analysis, indicating that every student obtains a health follow-up card for the initiative. He added the importance of preserving the general health of children, so training programs are being developed for the medical teams working in the initiative, according to the latest methods and advanced approaches. Medical checks were conducted on 25 million students, over the course of 3 years from the launch of the initiative, whereby one million students were treated.
Source:Egypt Today
December 13, 2022 12:14 UTC
Banks pump EGP 51bn to 454,000 customers as part of real estate financing initiative for low-income people - Daily News Egypt
According to the fund, Contact Real Estate Finance topped the companies participating in the initiative with a volume of financing amounting to EGP 838.570m for about 6,166 clients. Al-Taameer Real Estate Finance also pumped financing amounting to EGP 814.022m to about 6,745 customers, while Al-Ahly Real Estate Finance provided financing amounting to EGP 284.757m to about 2,540 customers. Moreover, Amlak Real Estate Finance pumped financing amounting to EGP 252.940m to about 2,328 clients, while Tamweel Real Estate Finance provided EGP 68.666m to 602 clients. Additionally, Egyptian Real Estate Finance pumped EGP 43.042m to about 429 clients, while Al-Ahly United provided EGP 19.973m to about 200 clients, and the Arab African International pumped EGP 12.211m. According to this decision, the Ministry of Housing, Utilities, and Urban Communities will manage the real estate financing initiative for middle-income people with a decreasing return of 8% and a maximum of EGP 15bn, in addition to the real estate financing initiative for low- and middle-income people with a decreasing interest of 3% at a value of EGP 100bn for about 109 clients.
Source:Daily News Egypt
December 13, 2022 05:46 UTC
Egypt, EU aim to hold joint business forum to attract more companies to Egypt
Egypt’s Minister of Trade and Industry Ahmed Samir met Sunday with Ambassador of the European Union (EU) in Cairo Christian Berger. The two parties discussed ways to enhance bilateral economic cooperation during the coming period. The minister said that Egypt and the EU have strong relations based on a long history of fruitful cooperation at the level of governments, economic circles and business communities, as the EU is the largest economic partner for Egypt. Samir disclosed that there are many great opportunities to develop and enhance this existing cooperation between the two sides. © 2022 Daily News Egypt.
Source:Daily News Egypt
December 12, 2022 20:35 UTC