Navigating depths: Israel’s ongoing struggle against Hamas’ underground tunnel network
Despite successive wars and concerted efforts to dismantle the tunnel network, Hamas has displayed remarkable resilience, utilizing these subterranean passages for various strategic purposes. Tunnel weaponThe Al-Qassam Brigades, Hamas’ military wing, initiated the use of tunnels for specific operations targeting military sites inside and outside Gaza. The Al-Qassam Brigades extensively utilized the tunnels for targeting military sites and deploying defence mechanisms against occupation convoys. Strategic Considerations and Ongoing ChallengesThe Gaza tunnels have become a new battleground, reminiscent of historical challenges faced by forces in Vietnam’s tunnels. The subterranean struggle between Hamas and Israel in the Gaza Strip continues to unfold as a complex and dynamic conflict.
Source:Daily News Egypt
January 01, 2024 20:16 UTC
Libyan Parliament criminalizes travel of Israeli aircraft, ships through its territory
CAIRO – 1 January 2024: The Libyan House of Representatives amended some provisions of the 1957 law regarding the boycott of Israel. The new amendments criminalize the travel to and from the Palestinian territories occupied by the Israeli entity or establish any contacts or relations with persons affiliated with the Israeli entity. They also prohibit empowering holders of Israeli nationality from entering Libyan territory or the headquarters and branches of Libyan diplomatic, consular and administrative missions. The Parliament also prevented civilian and military aircraft belonging to the Israeli entity from passing through Libyan airspace,Additionally, ships and all marine vessels registered in the Israeli name or bearing its flag, or registered in the name affiliated with Israel or holding its nationality, from entering Libyan territorial waters or economic zones. The Libyan Parliament prohibited any Libyan person from participating in any activity organized by the Israeli entity politically, economically, culturally, artistically, or sporting.
Source:Egypt Today
January 01, 2024 19:02 UTC
Kyiv observes day of mourning as Ukraine sees deadly start to 2024
On Monday, Ukraine’s Air Force Command said Russia launched a record 90 drone attacks on New Year’s Eve. “A year ago, on New Year’s Eve, the defenders of the sky destroyed 45 ‘Shaheds.’ Today 87 Shaheds were destroyed,” Ukraine Air Force Commander Mykola Oleshchuk said in a Telegram post. Russian shelling hours into the new year on Monday killed at least five people and wounded 22. The shelling killed four people and wounded 13, according to Denis Pushilin, the Russian-installed head of the self-declared Donetsk People’s Republic. And remember: without each and every one of you, Ukraine will be incomplete.”
Source:Egypt Independent
January 01, 2024 17:14 UTC
Cairo 3A plans to expand, invest in 2024
Cairo 3A for Agricultural and Animal Production, a subsidiary of Cairo 3A, is an Egyptian company that specializes in agricultural business. Ali El Gamil, CEO of Cairo 3A, told Daily News Egypt that 90-95% of the company’s frozen fruits and vegetables production is exported, with a value of $70m this year, compared to $50m last year, to about 68 countries. Cairo 3A Poultry, a market leader in the poultry industry in Egypt, plans to invest EGP 800m in building a factory for processed poultry products on an area of 30,000 sqm, in Sharkia Governorate. It also plans to establish fattening poultry farms to meet the Egyptian market demand with investments of EGP 200m, according to CEO Ibrahim Wagdy. Despite the drop in sales of the local market by 30-40%, Cairo 3A Poultry aims to increase its sales by 20-25% in the next year, Wagdy said.
Source:Daily News Egypt
January 01, 2024 14:12 UTC
Record-breaking year for Egypt's stock market as capitalization surpasses LE1.7T in 2023
CAIRO - 31 December 2023: The Egyptian Exchange (EGX) witnessed record-breaking gains during 2023 as the market capitalization exceeded LE 1.7 trillion. At the end of the year, the market capitalization rose to LE 1.7196 trillion, compared to LE 961.2 billion at the end of 2022, gaining LE 758.47 billion, with a 79 percent increase. Meanwhile, the small and mid-cap index EGX 70 rose during the year to 5,473.42 points, compared to 2,801.93 points, an increase of 95.34 percent. The broader index EGX 100 also rose to 7,880.35 points, compared to 4,145.5 points at the end of the previous year, an increase of 90.1 percent. Forecasts by international institutions indicate the exchange rate reaching LE 45 in the first quarter of the current year.
Source:Egypt Today
December 31, 2023 23:33 UTC
Egyptian government approves new facilities for industrial licences
493/2023 to amend the requirements for granting licences to industrial establishments, as stated in Ministerial Resolution No. The Saturday decree increased the construction ratios for industrial projects from 40% to 65-70% of the total land area, according to the list of construction percentages for industrial fields in the decree. The Chairperson of the Industrial Development Authority, Nahed Youssef, said that the amendments were in response to the investors’ demands and the sector’s needs. The amendments aimed to optimize the use of industrial project land area by expanding industrial fields horizontally and increasing productivity, in line with the industrial development plans. Youssef indicated that the decision granted a grace period of 5 years for establishments that had an operating licence to manufacture prosthetic limbs, devices, and mobility aids, and a grace period of one year for those that manufactured medical supplies, devices, and diagnostic reagents, to reconcile their situation.
Source:Daily News Egypt
December 31, 2023 23:08 UTC
Upper Egypt car crash kills 3 people, injures 17
Three workers were killed and 17 others were injured during traffic accident on Upper Egypt Desert Road, northern Minya governorate, on Saturday. The accident was caused by excessive speeding as the driver lost control over the vehicle. The road security team and ambulances moved to the accident site. The accident caused the death of three people between the ages of 27-34, residing in the village of Hamada, Beni Mazar center. Police filed a case with the incident, and the car was seized at the disposal of the Public Prosecution.
Source:Egypt Independent
December 31, 2023 22:35 UTC
Movies coming out in 2024
2023 Gave us many entertaining blockbusters, with movies like Barbie sweeping the nation and bringing new life to the film industry. After 2020, there was a decline in the production of movies creating an annoyance among fans of the theater. Another classic movie is being revived after twenty years. Though it was a Disney cartoon, the movie left its audience in awe and connected with them in many ways. The sci-fi fantasy movie that left fans amazed is due for a sequel.
Source:Egypt Today
December 31, 2023 21:37 UTC
Cairo 3A Plans To Expand, Invest In 2024
(MENAFN- Daily News Egypt) Cairo 3A for Agricultural and Animal Production, a subsidiary of Cairo 3A, is an Egyptian company that specializes in agricultural business. Cairo 3A Poultry, a market leader in the poultry industry in Egypt, plans to invest EGP 800m in building a factory for processed poultry products on an area of 30,000 sqm, in Sharkia Governorate. It also plans to establish fattening poultry farms to meet the Egyptian market demand with investments of EGP 200m, according to CEO Ibrahim Wagdy. Wagdy told Daily News Egypt that his company aims to keep its market share in the frozen and chilled poultry sector in 2024, which is about 25% of the Egyptian market. Despite the drop in sales of the local market by 30-40%, Cairo 3A Poultry aims to increase its sales by 20-25% in the next year, Wagdy said.
Source:Daily News Egypt
December 31, 2023 20:54 UTC
Egyptians president meets with PM, CBE governor to discuss economic performance
CAIRO – 31 December 2023: President Abdel Fatah al-Sisi met Sunday with Prime Minister Mostafa Madbouli and Governor of the Central Bank of Egypt (CBE) Hassan Abdallah to discuss the performance indicators of both the global and Egyptian economies as well as those of the banking sector. The CBE governor displayed the recently issued decisions and that will go into effect in January 2024. Those include exempting individual customers from online transaction fees to push forward financial inclusion and digital transformation. The meeting also tackled securing production inputs in sectors of priority. The president similarly stressed bolstering efforts in the realms of empowering the private sector and attracting more foreign investments.
Source:Egypt Today
December 31, 2023 15:01 UTC
180 trucks head from Egypt to Gaza Strip through crossings of Karm Abou Salem, El Oga
CAIRO – 31 December 2023: Humanitarian aid is still flowing into Gaza Strip through Egypt as 180 trucks navigated the border crossings of Karm Abou Salem and El Oga Sunday. Al-Qahera News TV Channel reported Saturday that 50 aid trucks entered Gaza through Rafah crossing border, including 4 fuel trucks. The channel's correspondent reported that 18 injured people and about 250 others of dual nationality arrived at the Rafah crossing, coming from the Gaza Strip, to receive need treatment. The Egyptian Red Crescent announced that 92 and 114 aid trucks entered Gaza Strip on Wednesday and Thursday through Karm Abu Salem Crossing in addition to seven ambulances that would carry injured Palestinians to Egypt for treatment. In a similar context, Rafah Border Crossing received Thursday 11 injured Palestinians and 300 dual nationals who would be transiting in Egypt before their departure to other countries.
Source:Egypt Today
December 31, 2023 13:50 UTC
Egypt cracks down on essential goods pricing, declares 7 items strategic
The Egyptian government on Saturday designated seven vital commodities as strategic goods: sugar, rice, mixed oil, broad beans, milk, pasta, and white cheese, in a bid to curb market volatility and protect consumers. Prime Minister Mostafa Madbouly emphasized the crucial role these items play in citizens’ lives, stressing that their new status outlaws monopolistic practices and concealment. “Declaring these goods strategic means strict enforcement of the Consumer Protection Law,” Madbouly stated, highlighting the severe penalties for violations. To achieve this, the Supply Minister issued regulations stipulating clear pricing guidelines for retail outlets, with weekly on-ground monitoring. The committee will publish weekly reports detailing market availability and stock levels for these essential goods.
Source:Daily News Egypt
December 31, 2023 11:01 UTC
Al-Sisi Urges To Develop International Cooperation In Development Projects
(MENAFN- Daily News Egypt) President Abdel Fattah Al-Sisi urged to develop and review the frameworks of international cooperation in development projects, to ensure that they meet the national needs and priorities. This was during President Al-Sisi's meeting on Saturday with Prime Minister Mostafa Madbouly and Minister of International Cooperation Rania Al-Mashat. President Al-Sisi was updated on the implementation of the“Hafiz” platform, which is the first integrated platform that connects development partners and the private sector. The report includes the results of international partnerships with development partners and concessional development financing. It reflects the government's commitment to transparency and governance in international cooperation and development financing.
Source:Daily News Egypt
December 31, 2023 10:40 UTC
Sudan faces deadly clashes, humanitarian crisis as WFP stops operations
About 35 people died on Friday and more than 150 Sudanese were injured in air raids on Omdurman, a city in the Sudanese capital, and Nyala in the western Darfur region. In Omdurman, an air raid killed six people from one family in the Al-Salha neighborhood. The Sudanese Foreign Ministry said that the government of Sudan regrets the delay of the rebel militia in listening to reason and its refusal to stop the destruction of Sudan and its people. It stressed that Al-Burhan was eager to meet with Hemeti to end the Sudanese suffering caused by the militia rebellion. Because of the clashes in Wad Madani, Gezira state, the United Nations World Food Programme (WFP), and Doctors Without Borders have suspended their operations in Gezira state, which threatens to worsen the humanitarian crisis in Sudan.
Source:Daily News Egypt
December 31, 2023 10:20 UTC
Al-Sisi urges to develop international cooperation in development projects
President Abdel Fattah Al-Sisi urged to develop and review the frameworks of international cooperation in development projects, to ensure that they meet the national needs and priorities. This was during President Al-Sisi’s meeting on Saturday with Prime Minister Mostafa Madbouly and Minister of International Cooperation Rania Al-Mashat. President Al-Sisi was updated on the implementation of the “Hafiz” platform, which is the first integrated platform that connects development partners and the private sector. The report includes the results of international partnerships with development partners and concessional development financing. It reflects the government’s commitment to transparency and governance in international cooperation and development financing.
Source:Daily News Egypt
December 30, 2023 20:13 UTC