Web Summit 2023: Egypt Participates With 33 Innovative Startups - Dailynewsegypt
(MENAFN- Daily News Egypt)Egypt, through the General Division for Digital Economy and Technology of the Federation of Egyptian Chambers of Commerce and the Information Technology Industry Development Agency (ITIDA), is participating in the Web Summit, a global technology event held in Lisbon, Portugal, from 13 to 16 November. The event features 33 Egyptian startups, some of which are exhibiting their solutions under the Egyptian pavilion, and others are attending the conference sessions. This is the fourth consecutive participation of Egypt through the Egyptian pavilion. In the previous edition, Egypt participated with 23 startups under the Egyptian pavilion, and a delegation from the General Division for Digital Economy and Technology attended the conference sessions. This helps to attract more investments to this sector and expand the base of venture capital funds, international financing institutions, and platforms that support entrepreneurs in Egypt.
Source:Daily News Egypt
November 15, 2023 09:43 UTC
Juventus extend contract of banned Fagioli until 2028
Nov 14 (Reuters) - Juventus have renewed the contract of Nicolo Fagioli until June 2028, the Serie A club said on Tuesday, after the Italian Football Federation (FIGC) banned the midfielder for seven months for breaching rules on betting on matches. Fagioli's previous deal, signed in August 2022, was valid until 2026. "The relationship with Nicolo therefore continues, with the midfielder having arrived at Juventus in 2015 as a 14-year-old, rising through the youth ranks until his senior debut in 2021," Juventus said in a statement.
Source:Egypt Today
November 15, 2023 09:17 UTC
Egypt and India explore local currency settlements to strengthen economic ties
The meeting focused on exploring the feasibility of utilizing local currencies for trade settlements between Egypt and India. Minister Maait emphasized Egypt’s commitment to diversifying funding sources and venturing into new financial markets through innovative and sustainable instruments. He highlighted the potential for Egypt to tap into India’s financial markets, building upon the success of Egypt’s issuance of Panda bonds worth 3.5bn yuan in the Chinese market and Samurai bonds worth 75bn Japanese yen. The exchange of experiences in financial inclusion technology and India’s support for Egypt’s comprehensive health insurance project were also among the key topics discussed during the meeting. This bilateral engagement underscores Egypt’s and India’s shared commitment to strengthening economic collaboration and addressing global economic challenges through innovative and mutually beneficial partnerships.
Source:Daily News Egypt
November 15, 2023 09:09 UTC
Palestinian resistance kills 9 Israeli soldiers and destroys 22 tanks in ground battles
The Palestinian resistance factions announced on Tuesday that they inflicted heavy losses on the Israeli occupation forces in the ground incursions into the Gaza Strip. The Al-Qassam Brigades, the military wing of Hamas, said that its fighters killed 9 Israeli soldiers and destroyed or damaged 22 tanks and vehicles in various areas of the Gaza Strip. The Al-Quds Brigades added that they fired mortar shells at the enemy soldiers and vehicles in the southwestern Gaza axis. An Israeli official confirmed that negotiations regarding the detainees are ongoing with the mediation of Qatar, US intelligence, and Israel’s Mossad. Al-Ajouri is a leader of the Islamic Jihad and is accused of receiving training and financial support from Iran.
Source:Daily News Egypt
November 15, 2023 09:07 UTC
Egypt, Zimbabwe agree to boost cooperation in agriculture, infrastructure
Egypt’s President Abdel Fattah Al-Sisi and President Emmerson Mnangagwa of Zimbabwe met on Tuesday and expressed their desire to strengthen their bilateral relations, especially in the fields of development cooperation. They agreed on the importance of developing cooperation in agriculture and agro-manufacturing projects, maximizing the use of livestock and fish resources, and ensuring food security for Egypt and Zimbabwe. The leaders of Egypt and Zimbabwe stressed the pivotal role of the African Continental Free Trade Area (AfCFTA) in advancing comprehensive development efforts in the continent. In a separate meeting, President Al-Sisi met with Prime Minister Mostafa Madbouly and Minister of Supply and Internal Trade Ali Al-Mosilhi. This is part of the state’s keenness to secure the needs of citizens and stabilize the Egyptian food security situation.
Source:Daily News Egypt
November 15, 2023 08:05 UTC
Union of Agriculture and Irrigation Workers Endorses Sisi for Presidency
The General Union of Workers in Agriculture, Irrigation, Fisheries, and Land Reclamation, under the leadership of Engineer Eid Morsal, the Secretary-General of the Workers' Union, convened a labor conference in the Dakahlia Governorate on Tuesday to express support for presidential candidate Abdel Fattah El-Sisi in the upcoming elections. Morsal emphasized Egypt's success, under President Sisi's guidance and in collaboration with the people, the Armed Forces, and the police, in eliminating terrorism and achieving security and stability. This success has been accompanied by comprehensive development in political, economic, social, and international realms, ultimately restoring Egypt's standing globally. The union affirmed its support for the multitude of achievements realized during President Sisi's tenure, expressing confidence in his ability to continue leading Egypt towards progress and prosperity. As the Egyptian state moves steadily towards fulfilling a constitutional obligation related to presidential elections, the union, representing five million agricultural workers, declared its support for President Sisi's candidacy.
Source:Egypt Today
November 15, 2023 03:09 UTC
Sisi's Presidential Campaign Chief Engages with Grand Mufti in Enlightening Dar Al-Ifta Meeting
He commended Dar Al-Ifta for clarifying religious and worldly matters for Muslims, removing any ambiguities in their understanding. Fawzy noted the significant development witnessed by Dar Al-Ifta during President Abdel Fattah El-Sisi's tenure since 2014. Dar Al-Ifta has become a major reference in Islamic jurisprudence and knowledge. In response, Grand Mufti Shawki Allam stressed Dar Al-Ifta's significant responsibility in upholding trust and rectifying matters in line with Sharia. Allam affirmed Dar Al-Ifta's tireless efforts in combating extremism and radicalism.
Source:Egypt Today
November 14, 2023 21:09 UTC
Alexandria Illuminated with Campaign Colors as El-Sisi's Presidential Bid Takes Flight
In alignment with the kickoff of the election campaign period for the upcoming presidential elections, the Corniche road, squares, and streets of Alexandria witnessed a widespread display of campaign materials for presidential candidate Abdel Fattah El-Sisi. Banners and posters adorned with slogans such as "Beloved by Millions - We will complete the journey - Long live Egypt" lined the thoroughfares. The election campaign period for presidential candidates in the 2024 elections commenced last Thursday, following the announcement of the final list of candidates by the National Electoral Commission, led by Counselor Hazem Badawy. Candidates utilize these electoral symbols in the presidential race, and the campaign period will continue until the start of the electoral silence, as stipulated by the National Electoral Commission on December 8. It's noteworthy that the National Electoral Commission had earlier released the timetable for the presidential election procedures and dates.
Source:Egypt Today
November 14, 2023 20:55 UTC
Egypt’s outstanding balances of T-bills, T-bonds reach $160bln by September end
Egypt - The outstanding balances of local treasury bills (T-bills) and bonds (T-bonds) reached approximately EGP 4.961trn by the end of September 2023, according to the latest report published on the Egyptian Ministry of Finance website. This includes EGP 2.605trn in treasury bills and EGP 2.355trn in bonds. The report shows that the outstanding balances of T-bills included around EGP 1.189trn for 364-day bills, approximately EGP 219.611bn for 273-day bills, about EGP 564.504bn for 182-day bills, and approximately EGP 632.209bn for 91-day bills. Outstanding balances of Egypt’s external bondsIn a related context, the Ministry of Finance disclosed the outstanding balances of Egypt’s external bonds until the end of September 2023. These balances also include bonds worth $1.5bn issued on 28 February 2023, due on 28 February 2026, with a yield of 10.875%.
Source:Daily News Egypt
November 14, 2023 19:12 UTC
Al-Qassam Brigades destroys 20 Israeli military vehicles within 48 hours
The Al-Qassam Brigades, the military wing of Hamas, claimed that they had completely or partially destroyed 20 Israeli military vehicles in the span of 48 hours. Abu Ubaida said that the Israeli forces would face the resistance of the mujahideen in every step they took. He revealed that Qatari mediation efforts had led to an agreement to release Israeli prisoners in exchange for 200 Palestinian children and 75 women. Israeli TV Channel 13 reported that 20 rockets were fired from Gaza towards the coastal cities and Tel Aviv. The Jerusalem Brigades, the military wing of the Islamic Jihad movement, also said that they had targeted the Israeli vehicles that had entered the land of Abu Oreiban, south of the Al-Zaytoun neighbourhood, with 107 missiles.
Source:Daily News Egypt
November 14, 2023 19:10 UTC
Egypt denounces Israel’s attack on Qatari committee’s office in Gaza
Egypt stated on Monday through its Ministry of Foreign Affairs, denouncing the Israeli occupation forces’ attack on the office of the Qatari committee for the reconstruction of Gaza. The statement said that this was a clear violation of international law, which requires the protection of civilians and the avoidance of targeting civilian facilities. Egypt said that the attack on a vital office of a fraternal Arab country that plays a significant role in supporting the reconstruction efforts in Gaza was inhumane and unjustifiable by any false pretext or rationale. The statement also urged the international parties to take serious and clear positions and to fulfill their responsibilities to stop these Israeli aggressions in Gaza. It also called for naming the violations without ambiguity and holding the perpetrators accountable.
Source:Daily News Egypt
November 14, 2023 17:02 UTC
Presidential candidate Farid Zahran reveals program, says 'I represent strong political current'
CAIRO - 14 November 2023: Egyptian Presidential candidate Farid Zahran revealed the details of his presidential program, saying that the essence of his program is based on the idea of change, in which he seeks to change the course of the system that monopolizes power and the public sphere. The first multiparty presidential elections in Egypt were in 2005. He must be an alternative to some solution and must represent different groups, visions, and interests.”He continued: “I represent an alternative, not just a person. I represent parties, the Egyptian opposition, and any role in political society. He said: “People outside the political and cultural community do not know me, but it is easy to know me through my different stances on causes.
Source:Egypt Today
November 14, 2023 13:05 UTC
IATF2023 explores challenges and opportunities in African sports industry
CAIRO - 14 November 2023: The third edition of the Intra-African Trade Fair, IATF2023, shed light on the challenges and future outlook of the African sports industry. Discussing the future outlook, Shuaibu presented realistic solutions through partnerships, collaboration, more sports-preneurs, consistent investment, data and insights, favorable government policies, and government support and endorsement. She emphasized the need for reliable data in African sports. “We don't really have reliable data with African sports,” she commented. Global sports industry revenue in 2021 reached about $400 billion, with global sponsorship spending hitting approximately $14 billion.
Source:Egypt Today
November 14, 2023 10:47 UTC
Egypt: Rafah border crossing open, Israel impedes entry of aid to Gaza
Humanitarian aid reached the Palestinian side of the Rafah crossing in cooperation with the Red Crescent- FileCAIRO – 13 November 2023: The Rafah border crossing is open and has not been closed since the beginning of the crisis in the Gaza Strip, said Egyptian Foreign Ministry Spokesperson Ahmed Abu Zeid in a statement on Monday. The Israeli side is the one who impedes the entry of aid into Gaza by its obstructive procedures and conditions and weak justifications, Abu Zeid added, saying “Egypt totally rejects the allegations that are being promoted [against the Egyptian stance]. He called upon those who promote or claim that the Rafah border crossing closed should go back to UN and international relief statements, which confirm that Egypti has taken all facilitations to deliver aid fast and in a sustainable manner.
Source:Egypt Today
November 13, 2023 21:31 UTC
Xinhua Delegation Visits Daily News Egypt, Discusses Media Landscape
(MENAFN- Daily News Egypt) A delegation from Xinhua, China's state-run news agency, led by Yuan Bingzhong, Deputy President of Xinhua News Agency, paid a visit to the headquarters of Daily News Egypt in Cairo, on Sunday. The Xinhua delegation was warmly received by Daily News Egypt's Executive Editor Mohamed Samir Khedr. “We are honoured to have Xinhua visit our headquarters and strengthen our ties with this esteemed news agency,” Khedr said. During their visit, the Xinhua delegation was given a tour of the Daily News Egypt office and met with journalists. They also discussed the global media landscape and the importance of cooperation between the two media organizations in promoting cultural exchange and understanding between Egypt and China.
Source:Daily News Egypt
November 13, 2023 20:50 UTC