Unlocking billions for climate action: Why untapped potential of voluntary carbon market matters
Amidst escalating climate concerns, a powerful yet underutilized resource sits poised to accelerate the global transition to net zero: the Voluntary Carbon Market (VCM). Concerns about the quality and effectiveness of carbon credits, coupled with the market’s ever-evolving complexity and a lack of clear economic incentives, can deter potential participants. Companies must integrate carbon credits seamlessly into their overall decarbonization programs, ensuring they complement, not replace, direct emissions reduction efforts. Orchestrate the effort: Successful VCM engagement requires internal commitment. “Wider adoption can unlock billions for critical climate initiatives like protecting vital ecosystems and developing cutting-edge carbon removal technologies.
Source:Daily News Egypt
December 21, 2023 18:34 UTC
Egypt's PM reviews proposal to extract minerals from seawater desalination projects
CAIRO - 21 December 2023: Egyptian Prime Minister Mostafa Madbouly held a meeting Wednesday to review a proposal submitted by a Chinese company to utilize the water left over from seawater desalination projects to extract minerals. At the beginning of the meeting, the Prime Minister welcomed the offer submitted by the Chinese company regarding the benefiting from the water left over from seawater desalination operations through a specific technique for extracting minerals and separating them. This comes in light of the expansion of seawater desalination projects during the current stage. The meeting witnessed a review of a number of available seawater desalination plants that can be used to implement this project. In this regard, the components of these plants, the quantities of residual water expected from seawater desalination, the aspects of benefiting from the quantities of water resulting from desalination, and the expected economic returns were explained.
Source:Egypt Today
December 21, 2023 18:06 UTC
North Korean leader congratulates Sisi on winning election
CAIRO – 21 December 2023: North Korean leader Kim Jong Un sent a congratulatory message to Egyptian President Abdel Fattah El Sisi for winning the presidential election, reported the Egyptian state’s news agency MENA. "I extend my congratulations to you on your re-election as President of the Arab Republic of Egypt,” the Korean Central News Agency (KCNA) quoted the North Korean leader as saying. World leaders have congratulated the Egyptian president on winning the elections last week. Sisi, president since 2014, was re-elected for a third six-year-term until 2030. Sisi won the elections with 39.702.541 votes or 89.6% of total valid votes, according to the National Elections Authority.
Source:Egypt Today
December 21, 2023 16:44 UTC
Africa’s smartphone market defies headwinds with 12% Q3 growth, but 2024 could see slower expansion
Despite macroeconomic headwinds, import restrictions, and volatile currencies, Africa’s smartphone market surged 12% year-on-year in Q3 2023, reaching 17.9 million units shipped. TRANSSION maintained its leading position with a 48% market share, fueled by a 9% annual growth and strategic expansion in emerging markets, particularly through its focus on sub-$100 devices. Similarly, Egypt witnessed a robust 19% growth after overcoming challenges posed by strict import restrictions in the previous year. A cautious outlook, but long-term optimismWhile Q3 2023 witnessed strong growth, Canalys expects a muted single-digit expansion in 2024. Looking ahead, 2G connectivity is expected to plateau, while 4G and 5G see robust growth.
Source:Daily News Egypt
December 21, 2023 04:31 UTC
Egypt, EU discuss funding package to address economic challenges due to geopolitical issues
The European Union (EU) is in talks with the Egyptian government and relevant authorities to provide a new funding package that includes loans, grants, and credits to address the economic challenges caused by the conflict in Gaza and other geopolitical issues, according to the Head of the European Union Delegation to Egypt, Ambassador Christian Berger. Berger revealed that Egypt’s agri-food exports to Europe increased by 50% during the current year compared to last year. Regarding the progress of the electric interconnection line between Egypt and Europe, Berger said that the interconnection project was granted the status of a “project of common interest” last October. The Ambassador highlighted the current joint presidency of Egypt and the European Union of the Global Counter-Terrorism Forum (2023-2025). Berger pointed out that the EU has announced cooperation with Egypt in the fields of defense and security, such as the Counter-Terrorism Forum, which Egypt took over from Morocco this year.
Source:Daily News Egypt
December 21, 2023 04:05 UTC
Gaza death toll reaches 19,667as Palestinian resistance leaders head to Cairo for truce talks
The death toll from the Israeli aggression in Gaza has risen to 19,667, while the number of injured has reached 52,586, according to the latest figures from the Ministry of Health in the Gaza Strip. The Ministry of Health in the Gaza Strip urged human rights organizations to launch an urgent investigation into the massacre committed by occupation soldiers at Kamal Adwan Hospital in the northern Gaza Strip. Moreover, the Palestinian Red Crescent said that the Israeli occupation forces had surrounded its ambulance centre in Jabalia, with 127 people inside, including paramedics and displaced people. Also on Wednesday, the United Nations Children’s Fund (UNICEF) said that children in the Gaza Strip did not receive 90% of their natural water needs. In the meantime, the Israeli army admitted that 29 soldiers had been wounded in the battles in the Gaza Strip in the past 24 hours, after announcing the death of two officers in the south of the Gaza Strip.
Source:Daily News Egypt
December 20, 2023 21:59 UTC
Hamas Chief Ismail Haniyeh In Egypt Today For Gaza Ceasefire Talks
Ismail Haniyeh arrived in Cairo on Wednesday for talks on a ceasefire with IsraelThe leader of Hamas visited Egypt on Wednesday as hopes grew that Israel and the Palestinian Hamas group may be inching toward another truce and hostage release deal in the Gaza war. The Qatar-based Hamas chief, Ismail Haniyeh, arrived in Cairo for discussions on the "aggression in the Gaza Strip and other matters", the group said in a statement. Vowing to destroy Hamas, Israel began a campaign of bombardment, and then a ground invasion, that Gaza's Hamas-run health ministry says have killed 19,667 people, mostly women and children. The United States, while strongly backing Israel, has also urged it to protect civilians in Gaza. The United States announced a new multinational naval task force on Monday to protect the waterway, through which more than 10 percent of global trade transits.
Source:Egypt Today
December 20, 2023 18:46 UTC
Turkey's Erdogan congratulates President Sisi on re-election for new presidential term
CAIRO - 20 December 2023: Turkish President Recep Tayyip Erdogan congratulated, on Wednesday Egypt’s President Abdel Fattah al Sisi on his re-election for a new presidential term. Egypt’s President Abdel Fattah al Sisi secured another presidency term for additional six years after winning the 2024 Presidential Elections with 39.702.541 votes or 89.6% of total valid votes, according to the National Elections Authority. Candidate Farid Zahran won third place in the 2024 presidential elections with a total number of 1,776,952 votes, or 4% of total valid votes. Ahmed Bandari, Director of the Executive Body of Egypt’s NEA said in his speech that 2024 Egypt's elections was a 'great example' of elections that showed political and constitutional awareness,He added that the world witnessed unprecedented voting rates in Egypt's 2024 presidential elections. The 2024 presidential election is the fifth multi-party presidential elections that the country has witnessed in its modern history.
Source:Egypt Today
December 20, 2023 18:14 UTC
Hamas leader arrives in Cairo for ceasefire talks
CAIRO - 20 December 2023: Ismail Haniyeh, the head of Hamas' political bureau, has arrived in Cairo for critical discussions with Egyptian officials concerning the ongoing situation in Gaza. Announced by Hamas on Wednesday, this visit is primarily aimed at negotiating a ceasefire in the Gaza Strip and discussing a potential prisoner exchange with Israel. The talks are centered around vital issues such as establishing a ceasefire in Gaza, exchanging prisoners with Israel, and addressing broader regional concerns. This ceasefire would be in exchange for the release of 40 detainees currently held by Hamas. The conflict between Israel and Hamas, which began on October 7, has resulted in significant casualties and destruction.
Source:Egypt Today
December 20, 2023 16:57 UTC
How the US president’s confusion affects the elections - Dailynewsegypt
The United States, with all its departments and agencies, will soon enter the year of the presidential elections. However, all opinion polls indicate that he is ahead by a large margin over current President Joe Biden. Biden may be the only American president who has footage and pictures that reveal the extent of the decline of his mental state. The American administration hoped that the annual military aid of 3.8 billion US dollars that the United States provides to Israel would influence Netanyahu’s decisions. Internal criticism in America is growing, as many believe that US President Joe Biden is “dragging” America into several international conflicts.
Source:Daily News Egypt
December 20, 2023 12:56 UTC
IT Dynamics achieves 60% market share in Cisco Meraki solutions in Egypt, expands to Gulf
IT Dynamics, the leading IT provider of enterprise network solutions, security, collaboration, and data center technologies, has announced that it has achieved a 60% market share in Cisco Meraki solutions in Egypt. This is part of its strategic expansion into the Gulf region, which demonstrates the company’s commitment to innovation and growth. Samer Mostafa, Sales Director at IT Dynamics, reports impressive results as the year ends: As we approach the end of the year, the IT Dynamics Group has not only reached but tripled our figures from last year, securing over 60% of the Cisco Meraki market share. IT Dynamics made significant investments during tough times, seeing each crisis as a chance for growth and keeping a strong belief in Egypt’s economic potential. Mohamed Mostafa, CEO of IT Dynamics, said: “Starting this momentous journey into the Gulf region is proof of IT Dynamics’ unwavering commitment to innovation and growth.
Source:Daily News Egypt
December 20, 2023 12:40 UTC
Egypt offers heartfelt condolences to China over deadly earthquake
Egypt expressed its heartfelt condolences to the friendly Chinese nation and people in a statement issued by the Foreign Ministry on Tuesday, following the devastating earthquake that struck the northwestern province of Gansu, resulting in a large number of casualties. Egypt declared its full solidarity with the People’s Republic of China in coping with the disastrous effects of this tragic incident and extended its condolences to the families of the victims and wished a speedy recovery for all the injured. Local officials said that the quake, which occurred near midnight, killed at least 105 people and injured 400 in Gansu province. State television station CCTV reported that 13 more people were killed and 100 injured in Haidong city in the neighboring Qinghai province. The official Xinhua news agency said that the quake caused extensive material damage, including house collapses, and forced many residents to flee into the streets.
Source:Daily News Egypt
December 20, 2023 06:57 UTC
Dialogue Between Different Political Spectrums Is Essential Feature Of 'New Republic': Al-Sisi
(MENAFN- Daily News Egypt)President Abdel Fattah Al-Sisi has expressed his appreciation for the political performance of the candidates who ran in the 2024 presidential elections in a way that enriches pluralism and diversity in the Egyptian political and democratic scene. Presidential Spokesperson Ahmed Fahmy said that in the meeting, President Al-Sisi welcomed the candidates, and the heads of the political parties presented their views on how to enhance national development efforts in the next phase. President Al-Sisi, for his part, appreciated the ideas put forward; stressing that dialogue between the various political groups in society is an essential component of the development of society and a fundamental feature of the New Republic. They also expressed their sincere wishes for President Al-Sisi to achieve the interests of the country, which is the ultimate goal of all national political factions, especially at this critical time when the region is facing serious challenges. Al-Sisi stressed the importance of protecting the people of the Strip from the tragic humanitarian situation they are suffering from.
Source:Daily News Egypt
December 20, 2023 04:42 UTC
South African president congratulates President Sisi on election victory
CAIRO - 19 December 2023: President Abdel Fattah El Sisi received a phone call Tuesday from South African President Cyril Ramaphosa who congratulated him on his election victory, said Presidential Spokesman Ahmed Fahmy. He also wished President Sisi continued success in achieving the aspirations and hopes of the Egyptian nation, added the spokesman. For his part, President Sisi affirmed his keenness on promoting bilateral relations at various levels, as well as exchanging viewpoints toward numerous African issues. Candidate Farid Zahran won third place in the 2024 presidential elections with a total number of 1,776,952 votes, or 4% of total valid votes. The 2024 presidential election is the fifth multi-party presidential elections that the country has witnessed in its modern history.
Source:Egypt Today
December 20, 2023 00:57 UTC
Palestinians shocked by world’s silence over Gaza massacres
It also pointed out that the Israeli occupation forces turned Al Awda Hospital into a military base and detained 240 people inside without water, food, or medicine. The occupation army surrounded the hospital and arrested several doctors, nurses, and the wounded, according to Naeem. In the same context, the Israeli army confirmed that 29 soldiers were injured in the Gaza battles during the past 24 hours, amid clashes between occupation soldiers and Palestinian resistance factions in various areas of the Gaza Strip. In addition, the Israeli newspaper Haaretz reported that more than 2,800 Israeli soldiers have been receiving treatment in the Rehabilitation Department of the Ministry of Defense since the beginning of the war on Gaza. The head of the rehabilitation department in the Israeli Ministry of Defence said that 18% of the injured Israeli soldiers suffer from psychological symptoms.
Source:Daily News Egypt
December 19, 2023 19:05 UTC