Gold dealers price dollars lower than parallel market
Saeed Embaby, CEO of iSagha.com, a platform for trading gold and jewellery, said that gold dealers are currently pricing the dollar at a lower value than its prices in the parallel market. He revealed: “There are three main factors that determine gold prices in general, namely international prices, the dollar, and supply and demand. Embaby noted that iSagha is the first application in Egypt to display gold prices online since 2016, and then added currency and silver prices. iSagha plans to make the documents of the first gold investment fund AZ Gold (AZG) available through its platform starting next year. Last June, Azimut Egypt, and Evolve Investment closed the first subscription for the gold investment fund AZG, bringing the size of the first tranche of subscriptions to nearly EGP152.8m.
Source:Daily News Egypt
November 20, 2023 04:54 UTC
Introducing Broadcast Channels on Facebook and Messenger
Takeaways• Broadcast channels are coming to Facebook and Messenger in the coming months. • People who manage Facebook Pages can start broadcast channels as a way to engage more deeply with their followers. Mark Zuckerberg announced we’re bringing broadcast channels to Facebook and Messenger. You can join broadcast channels from your favorite Page’s profile on Facebook and see those you’ve joined in your chats list. Broadcast channels are also public and discoverable chat experiences, so they’re treated differently than private messaging on Facebook and Messenger.
Source:Daily News Egypt
November 19, 2023 19:56 UTC
Central Bank of Egypt explains why inflation slowed down in October
The Central Bank of Egypt (CBE) released a report on the inflation rates in October 2023, showing a decrease in both headline and core inflation for the fourth consecutive month. The report also provided a breakdown of the monthly inflation rates for different categories of items. Prices of poultry and eggs increased by 11% and 8.9%, respectively, contributing 0.78% to the monthly headline inflation. Prices of dairy products, market sugar, and other core food items increased by varying rates, contributing 0.2% to the monthly headline inflation. Prices of regulated items remained broadly stable, with no significant contribution to the monthly headline inflation.
Source:Daily News Egypt
November 19, 2023 18:31 UTC
For Palestine: What to read to put current events in context
Born in Jerusalem, Mandate Palestine to a Palestinian-Lebanese mother and an American father, Said was a political activist, and an academic, who came among the founders of post-colonial studies. “The Ethnic Cleansing of Palestine” seeks to find the reasons and perpetrators of the 1948 ethnic cleansing. He, of course, had been condemned by the Knesset and received numerous death threats until he left Israel in 2008. She founded Playgrounds for Palestine, a non-profit organization that builds playgrounds for Palestinian children in Palestine and the refugee camps in Lebanon. Radwa Ashour was married to Palestinian author Mourid Bargouthi and is the mother of Palestinian-Egyptian poet Tamim Barghouthi.
Source:Egypt Today
November 19, 2023 18:28 UTC
These Local Brands Will Leave You Smelling Divine
While we are already familiar with the top perfumes from high-end brands, now more than ever is the time to support local. We've dug deep, and explored what our local brands have to offer in the field of perfumes; and here is the ultimate guide for head-turning local body mists and perfumes. BubblzzBubblzz is considered one of the most inclusive local brands on the market. In a nutshell, you will enjoy smelling like the top perfume brands with a lot less in terms of a price. Sweet: Vanilla Kiss by Frag, Summer Twist by Eva Skincare, and Red Forest splash by Soul and More.
Source:Egypt Today
November 19, 2023 16:17 UTC
CBE increases limits for financial inclusion accounts, prepaid cards, and mobile payment services
The Central Bank of Egypt (CBE) announced on Saturday that it has raised the maximum daily and monthly limits for transactions involving financial inclusion accounts, prepaid cards, and mobile payment services. The maximum daily limit is EGP 60,000, up from EGP 30,000. The maximum daily limit is EGP 80,000, up from EGP 40,000. The maximum daily limit is EGP 60,000, up from EGP 30,000. The maximum monthly limit is EGP 200,000, up from EGP 100,000.
Source:Daily News Egypt
November 19, 2023 05:03 UTC
Hamas reports loss of contact with members guarding Israeli captives
CAIRO - 19 November 2023: Hamas announced on Saturday evening that its communication with certain squads responsible for guarding Israeli prisoners has been severed due to Israeli airstrikes in the Gaza Strip. In recent weeks, the Israeli military has intensified its airstrikes on the besieged Palestinian enclave, which is under Hamas rule. The objective is to eliminate Hamas and secure the release of approximately 240 hostages taken to Gaza during the October 7th Hamas attack on Israel. Israel has been launching retaliatory attacks on Gaza following the Hamas attack. Israel has been rejecting any truce or ceasefire agreements, vowing to “continue to act until Hamas is destroyed and the hostages are returned.”
Source:Egypt Today
November 18, 2023 23:09 UTC
Lacklustre England seal top spot with win over Malta
Until the 75th minute all that separated Gareth Southgate's lacklustre side from 171st-ranked Malta was an early own goal by Enrico Pepe and they endured some anxious moments in between. But there was precious little to get enthused about as several England fringe players failed to shine in Southgate's 90th match in charge. England had already qualified for the Germany showpiece and victory over Malta ensured they top Group C, regardless of what happens in their match away to North Macedonia on Monday. A point in North Macedonia should ensure England are amongst the top six seeds for Euro 2024. "The number of games these players are playing, it's almost a self-regulation, sub-consciously you do just enough to win."
Source:Egypt Today
November 18, 2023 21:57 UTC
Israel kills hundreds in bombing two schools in Gaza, 53 years after Bahr al-Baqar massacre
On 8 April 1970, Israeli forces attacked Bahr al-Baqar Primary School in Sharqeya governorate, Egypt, killing 30 children and injuring many more. About 53 years later, Israel bombed two other schools in the besieged northern Gaza Strip: Al-Fakhoura School in Jabalia Camp and Tal Al-Zaatar School. She said during a press conference in Ramallah that 26 out of 35 hospitals in the Gaza Strip had been destroyed and were out of service. Jordan and Egypt expressed their condemnation of Israel’s bombing of Al-Fakhoura School, which belongs to the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), in the northern Gaza Strip. Egypt described the attack as another war crime committed by Israel in Gaza.
Source:Daily News Egypt
November 18, 2023 21:45 UTC
CBE explains why inflation slowed down in October
The Central Bank of Egypt (CBE) released a report on the inflation rates in October 2023, showing a decrease in both headline and core inflation for the fourth consecutive month. The CBE highlighted that the annual inflation rates in October 2023 were affected by a favorable base effect, which means that the inflation rates in the same month last year were higher than usual. Prices of poultry and eggs increased by 11% and 8.9%, respectively, contributing 0.78% to the monthly headline inflation. Prices of dairy products, market sugar, and other core food items increased by varying rates, contributing 0.2% to the monthly headline inflation. Prices of regulated items remained broadly stable, with no significant contribution to the monthly headline inflation.
Source:Daily News Egypt
November 18, 2023 21:34 UTC
President Sisi to European Commission Chief: Egypt totally rejects displacement of the Palestinians by Israel
Spokesman for the Presidency, Counselor Ahmed Fahmy, said the meeting focused on the latest in the Israeli military escalation in the Palestinian Territories. President El-Sisi reviewed Egypt’s efforts in this context, in addition to its role in the reception of wounded Palestinians and the evacuation of foreign nationals. For her part, the President of the European Commission offered an overview of her assessment of the developments in Gaza. Mrs. von der Leyen agreed with this and stressed the European position of rejecting the displacement of the Palestinians. The meeting also discussed ways to strengthen cooperation relations between Egypt and the European Union, given the firm and close bonds the two sides share.
Source:Egypt Today
November 18, 2023 13:57 UTC
Preparations taken for receiving premature Palestinian babies to the Rafah border crossing
CAIRO – 18 November 2023: Preparations have been taken to receive a number of premature Palestinian babies to the Rafah border crossing with Gaza, in implementation of the directives of President Abdel Fattah El-Sisi, reported Al Qahera News on Saturday. Two days ago, President Sisi instructed medical establishments to prepare for receiving Palestinian newborns from the Gaza Strip to join dozens of the critically injured, mainly children, who are lying in Egyptian hospitals. A spokesman for hospitals in the Gaza Strip told media on Saturday that 51 patients and four premature children were killed due to the outage of electricity caused by the lack of fuel in Al Shifaa HospitalChief of the Egyptian Red Crescent Ramy al-Nazer told a press Thursday that the total number of aid trucks that entered the Gaza Strip, through Rafah Border Crossing, since the beginning of the crisis had amounted to 1,090 carrying a total of 18,800 tons. The shipments included food, water, medicines, medical supplies, and various equipment.
Source:Egypt Today
November 18, 2023 13:27 UTC
Egypt pursues economic reform and investment climate improvement - Dailynewsegypt
Egypt has shown its economic vision that can anticipate the future, deal with its challenges and opportunities, and face risks. The conference discussed the economic opportunities in Egypt and the key sectors of the Egyptian economy, such as energy, tourism, agriculture, and industry. Therefore, the Egypt Economic Summit is expected to witness the participation of the IR Global network, which specializes in providing professional services, along with the A&B Foundation. Egypt has huge investment opportunities, which is reflected in the investment rate, which has been stable since 2014, and there are opportunities to attract huge investments in the future, especially concerning specialized investments. The industrial growth rate also reached 5.6%, and the highest level of industrial investments reached 55% during the current fiscal year.
Source:Daily News Egypt
November 17, 2023 09:16 UTC
ITI, VOIS partner to train, employ tech professionals
The Information Technology Institute (ITI) and Vodafone Intelligent Solutions (VOIS) have signed a cooperation protocol to provide specialized training for young professionals in various technological fields. The protocol was witnessed by Amr Talaat, the Minister of Communications and Information Technology. It also aims to create new employment opportunities for ITI graduates within VOIS, the strategic arm of Vodafone Group globally. Pedro Sardo, Head of the Information Technology Sector for Vodafone Group, praised the high competitiveness of Egyptian human resources and the significant progress in Egypt’s infrastructure and information technology. Mohamed Samy, Head of the International Technology Sector for Vodafone Intelligent Solutions, affirmed that the company has new expansion plans to provide over 1,000 diverse job opportunities in the next two years within the company’s technology sector.
Source:Daily News Egypt
November 17, 2023 09:14 UTC
Egypt’s Trade Minister calls for accelerating AfCFTA activation
Minister of Trade and Industry Ahmed Samir highlighted the importance of accelerating the implementation and activation of the African Continental Free Trade Area (AfCFTA) as it is an essential axis of increasing intra-African trade rates. The minister explained that he discussed with Kenyan Minister of Investment, Trade and Industry Rebecca Miano, some of the exceptional restrictions that Kenya recently imposed on its imports from abroad, which affected Egyptian exports. The Minister also met with Wamkele Mene, the first Secretary General of the AfCFTA, and Ambassador Albert M. Muchanga the commissioner for Trade and Industry of the African Union Commission with Pamela Coke-Hamilton executive director of the International Trade Center. During his meeting with Jean Chrysostome, Rwandan Minister of Trade and Industry, Samir pointed out the necessity of accelerating the implementation of the AfCFTA and its full entry into force. The Egyptian minister welcomed the study of opportunities to import distinguished Ivorian products, especially since the Egyptian Ministry of Agriculture has recently approved Côte d’Ivoire as one of the approved sources for importing cotton.
Source:Daily News Egypt
November 16, 2023 21:29 UTC