Sisi briefed on proposals to utilize investment opportunities at northern Egypt’s Lake Manzala
CAIRO – 2 July 2022: Egyptian President Abdel-Fattah El-Sisi was briefed on Saturday on proposals to develop and utilize the investment opportunities at Lake Manzala in northeastern Egypt, which aim at preserving the lake and achieving sustainable development. During the meeting, Sisi urged continuing efforts of purifying and developing Lake Manzala and other lakes nationwide in order to support and maximize the return from fisheries production in integration with the purification of lakes. Prime Minister Mostafa Madbouli and a number of ministers and officials attended the meeting with Sisi today to review the work flow regarding developing Lake Manzala and its surrounding areas. Lake Manzala, located in the northeastern part of the Nile Delta, is one of the largest fresh lakes with an area of around 405 square kilometers depth of 1.15 meters, according to the Presidency. This is in addition to the growth of water plants, such as Eichhornia and Phragmites, which impedes the movement of lake water and the impact on fisheries there.
Source:Egypt Today
July 02, 2022 13:17 UTC
Egyptian interior ministry to grant exceptional visits to inmates on Eid Al-Adha
CAIRO – 2 July 2022: Egyptian Ministry of Interior announced that it will grant exceptional visits for inmates during the first and second days of the four-day holiday of Eid Al-Adha. The Presidential Pardon Committee, formed in 2016 and reactivated by President Abdel Fattah El-Sisi in April, aims to release young prisoners of conscience and reintegrate them into society. Over the past weeks, many prisoners have been released since the committee has been activated. MP Tarek El-Khouli, a member of the Presidential Pardon Committee, has explained to Egypt Today the criteria that the recently revived committee’s work is based on to prepare pardon lists. Besides reviving the pardon committee, Sisi also called for a national political dialogue that includes all parties “without exception or discrimination” a step that has been widely hailed by activists and political parties.
Source:Egypt Today
July 02, 2022 09:21 UTC
Orange Egypt launches a new startup platform in collaboration with entrepreneur Mohamed Nagati and Victory Link
Orange Egypt has announced the launch of its integrated digital platform that supports and guides promising, innovative and creative ideas with the aim of encouraging young talents in Egypt to go through the experience of establishing startups and gaining the knowledge needed to turn their ideas into real projects. This launch came in partnership with Victory Link along with the special collaboration with the prominent Entrepreneur Mohamed Nagati; where the platform provides valuable content and tips based on practical experiences on how to establish successful startups, as well as providing tips by Mohamed Nagati to help them gain the intellectual and personal skills that any successful investor may need to acquire. Moreover, the platform offers an exceptional opportunity for its visitors to obtain funding of EGP 250,000 as well as helping them convert their ideas into real projects. This is to be done by submitting their presentations to the platform, where a jury led by Mohamed Nagati will screen and sort out the good ideas and choose one of them to obtain the funding. For his part, Mr. Nasser Mahrous, Chairman of Victory Link, commented, "Victory Link gives great attention in supporting the Egyptian community in various fields, especially in fintech.
Source:Egypt Today
July 02, 2022 05:21 UTC
Egypt sends urgent relief aid to Afghanistan
CAIRO – 1 July 2022: The Egyptian Red Crescent Society announced sending urgent relief aid to Afghanistan after the recent earthquake that struck the country. A team from the Red Crescent will leave Cairo on Saturday, for Afghanistan to send the urgent aid and discuss ways of support and cooperation, the Society announced in a statement. Other relief aid was sent months ago, including relief materials, blankets, personal hygiene items, the statement said, adding that the new shipment of aid comes in light of cooperation with the Afghan Red Crescent Society. On June 22, 2022, Egypt has extended condolences to the Afghan state over the deadly earthquake Paktika and Khost provinces, which have killed and injured hundreds of people. The 6.1 magnitude earthquake struck near Khost province early on Wednesday in the southeastern part of Afghanistan.
Source:Egypt Today
July 01, 2022 16:02 UTC
Ukrainian visa regime for Russian citizens goes into effect
Russian citizens will from Friday require a visa to enter Ukraine, as Kyiv scrapped a decade-long visa-free regime that facilitated travel across borders for citizens of both countries. The decision to end the visa-free regime was announced by Ukrainian President Volodymyr Zelensky on Wednesday, following a petition from a Ukrainian citizen. Zelensky said that against the backdrop of Russia’s invasion, he supported the introduction of stricter controls for the entry of its citizens.
Source:Egypt Independent
July 01, 2022 15:19 UTC
All Egyptians invited to participate in National Dialogue: Rashwan
CAIRO – 1 July 2022: Participation in the national political dialogue is not limited to the invitees only, but Egyptians from different sectors can send their ideas and suggestions via e-mails, said General Coordinator of the National Dialogue Diaa Rashwan on Thursday. “All Egyptians are invited to participate in the national dialogue even if they did not receive a special invitation. The dialogue is open through the website of the National Training Academy. The national dialogue comes as part of Sisi's national human rights strategy, launched in September with vows to open the public space to be more and more inclusive. As such, hundreds of inmates, including dozens of human rights activists, have recently been released by the Presidential Pardon Committee.
Source:Egypt Today
July 01, 2022 10:58 UTC
As part of its societal role.. Talaat Moustafa Group offers training opportunities for students of Metwally El Shaarawy School in Rehab and Madinaty
CAIRO - 30 June 2022: Talaat Moustafa Group provided practical training for students of Mohamed Metwally Al-Shaarawy School of Applied Technology, through Al-Rehab and Madinaty projects. Training includes practicing various technical maintenance operations, such as maintenance of air conditioners, carpentry, plumbing, electrical and finishing works. At this point, Talaat Mostafa Group is the main industrial partner of the Metwally Al Shaarawy School, where the Group contributes to providing technical support at all levels to students. The Group provides the school with experts specialized in the field of architectural finishes to provide students with the necessary and essential experiences. Talaat Moustafa Group's support for the Metwally Al Shaarawy School of Applied Technology is part of its broad societal contributions.
Source:Egypt Today
July 01, 2022 09:05 UTC
First Lady greets Egyptian People on June 30 Revolution Anniversary
CAIRO – 30 June 2022: Egyptian First Lady Entisar El-Sisi greeted the Egyptian people on the ninth anniversary of the June 30 Revolution that was staged by millions of people against the one-year ruling of the banned Muslim Brotherhood in 2013. The First Lady wished all the Egyptian people peace, safety and security. “On this anniversary of the June 30 Revolution, the Egyptian people still face challenges in all fields to create hope and a safe future for themselves and the coming generations. I wish Egypt and the Egyptians all the peace, safety and security,” she added. President Abdel Fattah El-Sisi said in a speech he gave on the occasion of the ninth anniversary of the revolution that he is fully confident that Egypt will overcome the impact of the current international crises.
Source:Egypt Today
June 30, 2022 17:53 UTC
Algerian PM welcomes Madbouli
ALGIERS, June 29 (MENA) – Algerian Prime Minister Aimene Benabderrahmane welcomed Egyptian Prime Minister Moustafa Madbouli’s current visit to Algeria, stressing keenness on furthering bilateral cooperation in various domains. Madbouli arrived in Algeria Wednesday evening on a two-day working visit during which meetings of the higher Egyptian-Algerian committee will take place. Benabderrahmane welcomed Madbouli upon arrival at the airport in the presence of members of the governments of both countries. During the two-day visit, several cooperation agreements and memorandums of understanding will be signed to promote bilateral cooperation. On Thursday, Madbouli and Benabderrahmane will open the Egyptian-Algerian business forum to explore available investment opportunities in the two countries.
Source:Egypt Independent
June 30, 2022 15:34 UTC
Judge accused of murdering his wife has been detained
Fifteen security missions from the Public Security Sector, the Giza Security Directorate, and some other security directorates participated in the pursuit of the fugitive judge, sources told Al-Masry Al-Youm. The sources added that the accused judge did not use any of the ports to escape outside the country. Then, on June 26, a person came forward before the Public Prosecution and confirmed his close relation with the victim’s husband. The Public Prosecution obtained permission from that judicial authorities to lift his immunity and to take legal measures against him. Accordingly the Public Prosecution ordered his arrest and traced his itinerary on the day Gamal disappeared.
Source:Egypt Independent
June 30, 2022 11:37 UTC
Matruh glass walkway frequented by millions of visitors annually
The glass walkway in front of the famous Queen Cleopatra bath in the west of Matruh city is frequented by more than three million visitors during the summer. The Cleopatra Bath, one of the most important tourist attractions in Marsa Matruh, is a huge rock in which sea water passes through carved tunnels, then pours into the sea again. The rock is large and the water enters the rock and flows from its openings in a wonderful form. In the roof of the rock are openings that allow sunlight to enter, which heats the water inside the rock. Visitors frequent the famous bath through the Pharaonic gate located at the beginning of the beach and is adorned with a statue of Queen Cleopatra.
Source:Egypt Independent
June 29, 2022 20:38 UTC
World Bank approves $500 million in development financing to Egypt
The World Bank has approved US$500 million in development financing to enhance Egypt’s efforts to achieve food security, and strengthen the economy’s resilience against current global crises. According to the Ministry of International Cooperation in Egypt, the emergency response project between Egypt and the World Bank Group is scheduled to contribute to supporting food security and resilience efforts, alleviating the impact of the Russian-Ukrainian war on food security. This is especially vital as Russia and Ukraine are among the largest wheat exporters in the world. Egypt has begun implementing a plan to expand wheat storage silos that rely on the latest technologies to preserve wheat. The package will enable the government to move forward with its plan to increase wheat storage capacities in preparation for future shocks.
Source:Egypt Independent
June 29, 2022 14:17 UTC
Egypt begins removal of Greater Cairo's iconic floating houses
CAIRO – 29 June 2022: The Ministry of Irrigation and Water Resources removed on Monday and Tuesday 15 floating houses that were located on the Nile River at Agouza and Kitkat, and four others will be dismantled on July 4. Head of the Central Department for Nile River Protection at Greater Cairo Ayman Anwar told press Saturday that a decree has been issued to ban floating houses for they constitute a source of pollution, only allowing floating restaurants and clubs. That is why the annual licenses of those units, whose total number is 32, did not get renewed this year, and residents were given a notice to evacuate. The official further pointed out that floating houses have been there for over 60 years, which means that their lifespan ended years ago. The official's statements were a comment on voices opposing the move, as floating houses have always been a distinct feature of Greater Cairo with their unique designs, and used to belong to the elite since the country was a monarchy.
Source:Egypt Today
June 29, 2022 14:09 UTC
Egypt, Angola boost economic cooperation
Angola’s secretary of State for International Cooperation and Communities, Domingos Custódio Vieira Lopes, said that the Angolan government plans to boost cooperation with Egypt in the commercial and industrial fields. Domingos Lopes encouraged Egyptian businesspeople and investors to look at the investment opportunities that Angola offers, so that the two countries become increasingly closer, on the road to prosperity. Angola’s ambassador to Egypt, Nelson Manuel Cosme, reaffirmed that the country would remain open to foreign investment initiatives. Also in this area, Angola is an oil and gas-producing country and is currently seeking to strengthen international partnerships. “Angola is seeking international partnerships to address the need for economic and social stability.
Source:Daily News Egypt
June 29, 2022 12:29 UTC
Ebtikar for Investment Finance postpones IPO due to market conditions
Ebtikar for Investment Finance decided to postpone its planned IPO until market conditions improve, sources close to the matter revealed to Daily News Egypt. The IPO was expected to take place during the first half (1H) of this year. The sources added that the unfavourable market conditions are the main reason for the postponement of the offering process, especially in light of the decline in liquidity levels and foreign sales. They also said that the company would monitor market conditions and resume the offering plan again as soon as the conditions of the Egyptian Exchange (EGX) improve. Last year, the two companies signed a memorandum of understanding requiring Vodafone Egypt to acquire a 20% stake.
Source:Daily News Egypt
June 29, 2022 12:07 UTC