Grandson of Hamas founder killed in Israeli airstrike on Gaza Strip
CAIRO – 7 January 2024: The grandson of Hamas Founder Sheikh Ahmed Yassin, Ali Abou Agwa, was killed in an Israeli airstrike on Gaza being the third journalist to die on Sunday and the 110th since the start of the war. Journalists Hamza Dahdouh and Mustafa Abu Thraya were killed earlier in an Israeli airstrike in Khan Yunis. In his meeting with a US delegation led by Senate members affiliated to the Democratic Party, President Abdel Fattah El-Sisi affirmed that reaching an immediate ceasefire and allowing humanitarian aid delivery to the besieged Gaza Strip is vital. The two sides reaffirmed the categorical and unequivocal rejection of any attempts to forcibly displace the Palestinians from their lands, and stressed the need to work toward general de-escalation in the region, to solidify the pillars of peace and stability, at both the regional and international levels. The American delegation lauded Egypt’s historical role in this regard, as well as its current tireless endeavors, as a force acting for peace, stability and development.
Source:Egypt Today
January 07, 2024 16:15 UTC
Egyptian official unveils destiny of land used to house headquarters of dissolved National Democratic Party
CAIRO – 7 January 2024: Chairman of The Sovereign Fund of Egypt (TSFE) Ayman Soliman stated in a phone-in Saturday that the land that used to house the headquarters of the dissolved National Democratic Party (NDP) lying on the Nile Corniche in Cairo would be invested by a coalition comprising mostly Emirati firms. The coalition won an auction beating three others, and it plans to build a hotel shopping mall, office building, and residential units. It is noted that the NDP's headquarters was set ablaze during the January 25 Revolution in 2011, as it was the ruling party under overthrown President Hosni Mubarak. The Sovereign Fund of Egypt (TSFE) announced in March signing a contract with Aya for Real Estate Development to lease the former headquarters of the Ministry of Interior in downtown Cairo. The company will revamp the complex at LE800 million, as well as pay a fixed annual rent, and a share of profits to TSFE.
Source:Egypt Today
January 07, 2024 14:47 UTC
First Lady wishes Egypt's Copts Merry Christmas
CAIRO – 6 January 2024: Egyptian First Lady Entisar El-Sisi wished the Coptic Egyptian people Merry Christmas. Pope Tawadros II, Pope of Alexandria and Patriarch of the See of Mark led the Coptic Christmas Mass at the new capital’s Cathedral, praying to God for all those who are wounded and suffering from conflicts, wars and violence. Pope Tawadros II, presented a souvenir to President Sisi during Christmas celebrations at the Cathedral of the Nativity of Christ in the New Administrative Capital. During his brief visit to the cathedral, Sisi urged Egyptians to stand together in the face of the challenges and difficult circumstances, which is taking place amid critical global and regional developments. Pope Tawadros II is leading the mass.
Source:Egypt Today
January 07, 2024 03:58 UTC
Is Egypt’s plan a way out of Israel’s war against Hamas? - Dailynewsegypt
The war on Gaza is nearing its third month. In the second stage, Hamas will release the female captives and the bodies of the dead, in exchange for more Palestinian prisoners being released. The United States may hope for the Palestinian Authority to resume its rule over the coastal enclave, which is now under Hamas’s control. In fact, some of the current leaders in the Palestinian Authority are facing more crises than they can handle, and this adds to the complexity of the situation. We are afraid that we will witness an internal power struggle in the West Bank between the old and new leaders, and then there will be no use for regret.
Source:Daily News Egypt
January 05, 2024 20:59 UTC
How boycotting in the Middle East affects Western brands - Dailynewsegypt
Western brands and franchises that are seen as supporting Israel’s war on the Gaza Strip have faced a wave of boycott campaigns in the Middle East. These campaigns aim to challenge Israel’s policies and have had a significant impact on Western brands operating in the region. Young people, who were previously detached from the Palestinian cause, have become more aware of the disaster and actively participate in boycotting Western brands. International Reactions and PerspectivesThe boycott campaigns against Western brands that support Israel have elicited mixed reactions from the international community. Egyptian brands such as Cilantro and Koffee Kulture have enjoyed increased popularity as consumers look for alternatives to boycotted brands like Starbucks.
Source:Daily News Egypt
January 05, 2024 20:59 UTC
UN: Israel-Lebanon escalation displaces more than 76,000
Rubble of housing units destroyed by Israeli air-strikes on the Gaza Strip- Photo from the Palestinian embassy in CairoCAIRO - 5 January 2024: The United Nations announced on Friday that more than 76,000 people have been displaced in Lebanon as a result of the escalation with Israel on the border area. The announcement came after Israel carried out a series of airstrikes on the southern suburb of Beirut on Sunday, killing at least six people and wounding dozens more. The airstrikes were in retaliation for a rocket attack by Palestinian armed groups from Lebanon into Israel. The escalation between Lebanon and Israel has raised concerns about a wider conflict. The two countries have been technically at war since 1948.
Source:Egypt Today
January 05, 2024 17:54 UTC
Lebanon files complaint with UN over Israel's attack on Beirut
CAIRO - 6 January 2024: Lebanon has filed an official complaint with the UN Security Council against the Israeli occupation regarding the attack on the southern suburb of the capital, Beirut, according to a breaking news report by Al Qahera News Channel. The United Nations announced that more than 76,000 people have been displaced in Lebanon as a result of the escalation with Israel on the border area. The complaint, which was submitted by Lebanon's ambassador to the United Nations, Nawaf Salam, accuses Israel of violating Lebanese sovereignty and international law. The complaint comes after Israel carried out a series of airstrikes on the southern suburb of Beirut on Sunday, killing at least six people and wounding dozens more. The airstrikes were in retaliation for a rocket attack by Palestinian armed groups from Lebanon into Israel.
Source:Egypt Today
January 05, 2024 17:41 UTC
Swvl rehires some of its employees, expands its services in Saudi Arabia in 2024
Egypt - Youssef Salem, the Chief Financial Officer of Swvl for smart transport, said that the company has reached its targets in 2023 by becoming profitable. Salem told Daily News Egypt that the company has started rehiring some employees who were let go earlier. This move aimed to make the company profitable in 2023 instead of 2024 as originally planned. Swvl adopted various operational and administrative measures, relying mainly on technology rather than employees to speed up workflow and improve company performance. Swvl offers four services in Egypt: intra-city passenger transport, inter-city passenger transport, transport services for corporate clients, and private group transport rental services.
Source:Daily News Egypt
January 05, 2024 15:12 UTC
E-payment, collection services exceed EGP 8.1trn in Egypt: Finance Minister
The electronic payment and collection services reached EGP 8.1trn, with 607.3 million transactions. The electronic payment and collection services for Egyptian taxes were EGP 1.9trn. The collection service through government electronic point-of-sale machines (GPOS) was EGP 154.6bn, and the collection value through the government’s online payment gateway was EGP 1.5bn. He also mentioned a significant expansion in electronic collection services through integrated collection companies with the Government Electronic Payment and Collection Center, achieving about EGP 2.9bn in government revenues. The total value of salary payments was EGP 1.071trn, and electronic payment service for suppliers was EGP 3.8trn.
Source:Daily News Egypt
January 04, 2024 22:51 UTC
Rafah Crossing continues to open doors to receive new batches of injured Palestinians
CAIRO - 4 January 2024: The Rafah Crossing continues to open its doors between Egypt and the Gaza Strip for the entry of aid from the Egyptian side to the Palestinian side, and to receive new batches of wounded and injured people and those holding foreign passports. Crossing movement data during the past few hours showed the entry of 127 aid trucks and 7 ambulances, including 4 ambulances provided by the Kingdom of Saudi Arabia and 3 ambulances from the State of Kuwait, and 4 gas tanks on their way to be delivered to the Palestinian side. From the Palestinian side to the Egyptian side of the Rafah crossing, a new batch of wounded and wounded arrived, being transferred successively for treatment to Egyptian hospitals in North Sinai and the cities of Canal, Cairo and Sharqia, in addition to the arrival of new numbers of foreign nationals who leave Gaza on their way to their countries via Cairo Airport and will be received at the airport.
Source:Egypt Today
January 04, 2024 17:01 UTC
Egypt government tightens belt, as subsidies top $11.06bln
Egypt’s Prime Minister Mostafa Madbouly highlighted the significant state support allocated to five key sectors, totalling a staggering EGP 342bn annually. EGP 91bn annually, compared to less than EGP 50bn before 2021. Petroleum products: EGP 90bn, supporting each of the 18 billion litres of diesel consumed in Egypt with EGP 5. EGP 90bn, supporting each of the 18 billion litres of diesel consumed in Egypt with EGP 5. “It is impossible for any country or budget to continue increasing debt and borrowing,” the Prime Minister declared.
Source:Daily News Egypt
January 04, 2024 14:01 UTC
Prime Minister, Supply Minister discuss market regulation decisions, silos project
Prime Minister Mostafa Madbouly met with Ali El-Moselhi, the Minister of Supply and Internal Trade, on Tuesday to review the mechanisms for implementing market regulation decisions, as well as the silos project and the development of the milling sector. The Prime Minister stressed the importance of having various goods available, which helps to stabilize prices. He also stressed the need to follow up on the recent decisions about market regulation, which identified seven strategic commodities. 5000 for the year 2023, which specified certain strategic products. The Minister also said that a meeting was held to implement the decision that identified the seven strategic goods and products.
Source:Daily News Egypt
January 04, 2024 13:40 UTC
INP prepares study for unified public debt law in Egypt
Ashraf Arabi, President of the Institute of National Planning (INP), said that the institute has prepared a comprehensive study for a unified public debt law in Egypt. This is a vital step for any country in the context of overall debt governance, similar to many other countries. Arabi told Daily News Egypt that the institute supports the enactment of a unified public debt law, aiming for governance and oversight by the Egyptian Parliament in the local debt process. He stressed the importance of this law, as Egypt does not have one. Arabi said that this law would help in better debt governance, and slow down the issuance of treasury bonds, which are a form of debt.
Source:Daily News Egypt
January 04, 2024 11:36 UTC
Housing Minister showcases investment opportunities to Saudi delegation
On Monday evening, Egypt’s Minister of Housing, Utilities and Urban Communities Assem Al-Gazzar met with Prince Khalid Bin Saud Bin Turki Al Saud, the CEO of the Saudi SFIG Group Amr Afifi, and their delegation, to showcase the investment opportunities in various fields. He said that Egypt has promising opportunities to invest in various fields, especially in new cities. The Minister of Housing showed Prince Khalid Bin Saud and his delegation many investment opportunities in the fields of tourism, hospitality, and food manufacturing, which are areas that the Saudi delegation was particularly interested in investing in. Prince Khalid Bin Saud Bin Turki Al Saud commended the great efforts made by Egypt to develop these huge projects in record times and various fields. He stressed that he had a great interest in investing in Egypt, which has promising opportunities for investment in various fields.
Source:Daily News Egypt
January 03, 2024 21:33 UTC
Israel escalates its attacks on Gaza, Palestinian resistance fights back
This coincided with the ongoing Israeli airstrikes on the Nuseirat camp in the centre of the Gaza Strip and Khan Yunis in its south. Borrell had previously criticized the Israeli military tactics that resulted in the deaths of civilians in the Gaza Strip, but he did not condemn the Israeli war, which he viewed as a reaction to the Palestinian resistance operation on 7 October. Shtayyeh urged the world to drop food by parachutes and open the crossings to deliver humanitarian aid to the Gaza Strip, amid the continued starvation crimes by the occupation in the Strip. Shtayyeh also thanked South Africa for filing a lawsuit against Israel at the International Court of Justice for committing genocide in its war on the Gaza Strip. In the past few days, the Al-Qassam Brigades claimed their control over two Israeli marches in the middle of the Gaza Strip.
Source:Daily News Egypt
January 03, 2024 20:51 UTC