Environment and Development Forum 2022 kicks off
The “Environment & Development Forum: The Road to Sharm El Sheikh Climate Change CoP27”, kicked off on Sunday under the sponsorship of the Foreign Ministry. The forum, to run till Tuesday, is held in cooperation with the Environment Ministry and with the participation of senior officials and experts representing 30 countries. It will discuss the top key items on most countries’ agendas, including food and water security, clean and renewable energy, sustainable development, ecological conservation and protection, emissions control and sustainable transport. The forum is organized by the Arab Water Council as part of preparations for COP27 conference, due in the Red Sea Resort of Sharm el Sheikh in November.
Source:Egypt Independent
September 11, 2022 22:41 UTC
Egypt's Irrigation min.: Many countries suffer from water shortage amid increasing population, climate changes
CAIRO - 11 September 2022: Minister of Water Resources and Irrigation Hani Swailem said many countries suffer from water shortage amid increase in population, stable water quotas and climate changes having a negative impact on water amounts. Meantime, Swailem highlighted the negative climate impact on decrease in water levels. He accentuated the importance of rallying international efforts to face up to water challenges, along with placing the water issue on top of the global climate agenda, with a view to realizing sustainable development objectives. It will discuss the top key items on most countries’ agendas, including food and water security, clean and renewable energy, sustainable development, ecological conservation and protection, emissions control and sustainable transport. The event is organized by the Arab Water Council as part of preparations for COP27 conference, due in the Red Sea Resort of Sharm el Sheikh in November.
Source:Egypt Today
September 11, 2022 12:21 UTC
Argentine president invited to attend COP27 conference
CAIRO - 11 September 2022: Egypt's Ambassador to Argentine Mohamed Kazem handed Argentinian Foreign Minister Santiago Cafiero an invitation from President Abdel Fattah El Sisi to Argentinian President Albrerto Fernandez to attend the world summit to take place as part of COP27 conference. The world summit will take place on November 7-8 in the Red Sea resort of Sharm el Sheikh. Egypt looks forward to an active and effective Argentinian participation in a way that complies with the pioneering role of the country in preserving environment, the diplomat said. On its Facebook page, the Foreign Ministry said the Argentinian minister expressed his country's support of Egypt and its confidence that the COP27 conference would be crowned with success and come out with hoped-for results. The two sides discussed deepening political, economic and cultural cooperation between the two countries and stepping up ligh-level visits between the two countries' officials.
Source:Egypt Today
September 11, 2022 11:35 UTC
Bosnia criticised for playing Russia in November friendly
(Reuters) - Bosnia and Herzegovina will play Russia in a friendly match in November, the Bosnia Football Association announced on its official website on Friday, sparking criticism from Bosnia midfielder Miralem Pjanic and the mayor of Sarajevo. Russia's national teams were barred from international competition over Moscow's invasion of Ukraine, which Moscow calls a "special operation". "In the national Football Association, they know what I think." "Unless the decision is reversed, we will cease cooperation with the Football Association, which so far has been fruitful." Poland, Sweden and the Czech Republic all said they would not play their World Cup qualifiers against Russia back in March before Russia's national teams were banned from international competition.
Source:Egypt Today
September 10, 2022 11:28 UTC
What you need to know about Petosiris tomb
Located around 300 km from Cairo, in Mallawi, the tomb of Petosiris is one of the most important structures in Tuna al-Gabal. Petosiris was the great priest of Thoth, deity of wisdom, scribal practices and knowledge. The tomb, shaped like a small temple, is often described as having a ‘hybrid’ style, blending Hellenic and the Egyptian artistic motifs, with an outcome considered more ‘realistic’ and ‘full of life’.
Source:Egypt Today
September 08, 2022 20:13 UTC
More than $500B will be required in Africa to achieve universal energy access by 2030: UN
According to Mohammed’s speech, in Africa alone, more than $500 billion will be required to achieve universal energy access by 2030. By then, the climate finance adaptation will constitute $440 billion. It aims to achieve sustainable, low-emission development and enhance scientific research and technology transfers in the climate change field. Mohammed pointed out that sustainable debt help during this forum will provide a link between debt issuances, and key performance indicators addressing climate resilience. She concluded her speech by saying that sustainable investment and climate finance at a pace and scale requires private investment.
Source:Egypt Today
September 08, 2022 10:40 UTC
Egypt’s Sovereign Wealth Fund working on a pre-IPO work plan
Minister of Planning and Economic Development Hala El-Said revealed on Tuesday that a sub-fund has been established within the Sovereign Fund of Egypt, through which the shares that are scheduled to be presented to the IPOs committee will be prepared. The sources confirmed that the fund has already completed a list of some assets that will be included in the fund to be presented to strategic investors. The sub-fund aims to prepare government-owned companies for offering on the Egyptian Exchange (EGX), as the government previously announced that it aims to offer shares in government-owned companies. CEO of Egypt’s Sovereign Fund Ayman Soliman said in previous statements that the pre-IPO fund will provide investment opportunities worth hundreds of millions of dollars for these major funds, which will reflect on Egypt’s benefit from entering foreign investments quickly, coinciding with the presence of shareholders who maximise the value of the fund. He added that Egypt has reached an agreement on a positive IMF loan for the money market, but the market needs more extensive measures.
Source:Daily News Egypt
September 07, 2022 19:24 UTC
Finding fair, permanent solution to Palestinian cause key to Middle East stability: Arab League chief
CAIRO – 6 September 2022: Secretary-General of the Arab League Ahmed Aboul Gheit affirmed on Monday the need to find a fair and permanent solution to the Palestinian cause, the league said in a statement. Aboul Gheit affirmed that the stalemate in the political track portends the worst consequences. President Abbas briefed the Arab League chief on the Palestinian situation currently in light of the stalemate in the political track and continuation of Israeli occupation’s repressive measures and settlement expansion, the league added. In November, the Arab League will be holding its first annual summit in Algeria in three years after being suspended due to the coronavirus pandemic. The Arab League held its last summit in Tunisia’s capital, Tunis, in March 2019.
Source:Egypt Today
September 06, 2022 21:25 UTC
Madinaty and Al Rehab are the most requested properties on OLX Egypt
Madinaty and Al Rehab, affiliated to Talaat Moustafa Holding Group, topped the most requested real estate projects on the online advertising platform OLX Egypt. Madinaty and Al Rehab came at the forefront of the most demanded areas for buying residential or commercial real estate, on the OLX platform last August. Madinaty project ranked first with an application volume of 16,557 applications, Al Rehab project came in third place, with an application volume of 6,103 applications. It is worth noting that, the cities of Madinaty and Al Rehab are distinguished by being integrated urban communities with services that achieve the highest levels of luxury, privacy and security for their residents. Also, integrated commercial centers, recreational areas, golf courses, and other sports fields, as well as government services, security services, internal and external transportation, and environmentally friendly services.
Source:Egypt Today
September 06, 2022 19:17 UTC
World climate leaders to participate in Egypt-ICF to tackle climate change in Africa
The high-level leaders expected to participate in the event include Amina J. Mohammed, Deputy Secretary-General of the United Nations and Chair of the United Nations Sustainable Development Group; John Kerry, US Climate Envoy; Mark Carney, UN Special Envoy on Climate Action and Finance; and Odile Renaud Basso, President of the European Bank for Reconstruction and Development. Egypt is capitalising on its rich history of international cooperation to strengthen solidarity and cooperation between Africa and the world and continue to promote the building of a global community with a shared future. The second edition of the Egypt-ICF Forum is being held ahead of the UN Conference of Parties on Climate Change (COP27) under the theme of moving from pledges to implementation. The overall objective of the event is to ensure coherence of African climate finance positions with needs, prioritise actions that can be led by African countries with targeted support to increase climate finance available for implementation, and showcase successful development practices and champion new initiatives and actionable policies on climate mitigation and adaptation. The event is also being held in partnership with the United Nations Economic Commission for Africa, Afrexim Bank, African Development Bank Group, the World Bank, Climate Investment Funds, BADEA Bank, the International Islamic Trade Finance Corporation, the International Finance Corporation, the European Investment Bank, Banque Misr, and the National Bank of Egypt.
Source:Daily News Egypt
September 06, 2022 17:58 UTC
Americana Group to launch new production lines in Egypt: GAFI chairman
CAIRO - 5 September 2022: Americana Group, one of the largest food companies and operators of restaurant chains in the Middle East, plans to invest $26 million through launching new production lines, announced Chairman of the General Authority for Free Zones and Investment (GAFI) Mohamed Abdel Wahab. The move aims to increase the group's presence in the food industries sector in Egypt along with targeting new markets to export its products, added Abdel Wahab in a meeting with Vice Chairman of Americana Group Mohamed Abdel Wahab to discuss the group's expansion plans in the Egyptian market. During the meeting, the two sides also tackled the best investment system through which projects can be implemented in order to achieve maximum benefit for the Egyptian economy. Abdel Wahab also discussed the available investment opportunities and systems, affirming providing all the necessary support to the company to implement its expansion plans.
Source:Egypt Today
September 06, 2022 02:52 UTC
Egyptian Amb. in Khartoum, Sudanese Electricity Min review efforts for power interconnection
CAIRO - 5 September 2022: Egyptian Ambassador in Khartoum Hossam Eissa and Sudanese Minister of Electricity and Energy Mohamed Abdullah met and reviewed underway efforts for electrical interconnection between both countries. The two sides discussed cooperation proposals for promoting renewable energy projects, especially solar power projects, making use of Egypt's experience in this domain, the Foreign Ministry posted on its official Facebook page on Sunday. They also probed technical cooperation opportunities, especially by providing training courses for the Sudanese cadres in the energy and oil industries.
Source:Egypt Today
September 05, 2022 07:58 UTC
Egyptian expats at heart of development process: Emigration min
Emigration Minister Soha Gendi said Egyptians abroad represents a top priority in accordance with President Abdel Fattah al-Sisi’s directives. During a phone call with Hekayti program of MBC satellite channel late Saturday, she said Egyptian expats are at the heart of the development process. Gendi noted that she held meetings with the ministers of communications, population and youth alongside the acting governor of the Central Bank of Egypt. She added that more meetings will be held next week to promote Egyptian expats’ link to their homeland. She added that the ministry seeks to offer as many incentives as it can to Egyptian expats, noting that these incentives will be available on a website or application for them.
Source:Egypt Independent
September 05, 2022 01:49 UTC
Champions City held to draw by Gerrard's Villa
BIRMINGHAM, England, Sept 3 (Reuters) - Champions Manchester City were held to a 1-1 draw at Aston Villa in the Premier League on Saturday after Erling Haaland grabbed his 10th goal in six games. De Bruyne then hit the bar with a dipping free kick but Villa defended well against a wave of City attacks before Bailey struck. The result leaves City in second place on 14 points, one behind leaders Arsenal who face Manchester United at Old Trafford on Sunday. Villa are in 17th and have four points from their opening six games but Gerrard suggested he had been rewarded for a more pragmatic approach. We had chances to score a second when the game was in our hands but we didn't," said the Spaniard.
Source:Egypt Today
September 04, 2022 10:33 UTC
Minister: Precise system developed to render COP27 successful
The Ministry of Tourism and Antiquities said Saturday 03/09/2022 no room would be allowed for violating a a clear and precise system that has been developed to render the COP27 successful. This came during a meeting held by the Deputy Minister for Tourism Affairs Ghada Shalaby with representatives of companies that will launch tourism programs for COP 27’s delegations. The companies will be subject to close monitoring and follow-up campaigns to achieve the best performance in a manner befitting the reputation of the Egyptian tourist destination, Shalaby said. The companies have been chosen under precise criteria set by the Ministry of Tourism and Antiquities in coordination with Egypt’s travel agencies chamber, where three companies were selected from the top 30 tour operators.
Source:Egypt Independent
September 04, 2022 09:09 UTC