The fashion industry descends on Berlin this week, as designers show their autumn/winter collections for 2017/2018 at Berlin Fashion Week. Retailers will be seeking out the latest trends.One of Germany’s biggest fashion events of the year, Berlin Fashion Week, kicked off on Monday. Opening with the “Zeit” magazine conference at the Kronprinzenpalais on Monday, the week will see shows by local and international designers held at various locations around the city. The official Mercedes-Benz Fashion Week schedule begins on Tuesday, with an opening show by German womenswear designer Dorothee Schumacher and other renowned designers like Anne Sofie Madsen of Denmark and locals Marcel Ostertag and Hien Le. The Berliner Mode Salon, an initiative by “Vogue” magazine dedicated to presenting German fashion, is likewise planning a number of events, including the presentation of a new collection by newcomer Antonia Goy.
Welcome to the digital world, one of the main topics this year at the World Economic Forum in Davos, Switzerland.The future can look so old-fashioned. There are five middle-aged gentlemen dressed in grey or blue suits sitting on a podium in one of the many hotels in Davos, talking about the digital world. Digital directionPerplexity combined with great excitement and many question marks dominate the discussion on the digital future in Davos. Permanent positions, clear career paths, that may be today but it certainly isn’t the future. The customer is kingBill McDermott, head of SAP, says “all businesses are changing right before our eyes.” Nonetheless, he sees a rosy future.
It has been up to Chinese President Xi Jinping to relax the atmosphere.Nobody is as good as Donald Trump at making the Davos audience nervous. Trump is a billionaire entrepreneur, but his public speeches and tweets seem to suggest that he’s against everything the Forum represents: open borders, free trade, globalization, lower tariffs. A communist in DavosChinese president Xi Jinping, on the other hand, is officially a communist, and he has not been democratically elected. Free, but not fair to Americans“We want to have a phenomenal relationship with the Chinese,” Scaramucci said in Davos. We would like to have a process of free and fair trade.”But global trade, as Trump sees it, has not been fair to American workers, Scaramucci said.
Schalke defender Baba Rahman went of injured in the first half for Ghana but they were cheered by Andre Ayew’s first-half penalty in a 1-0 win over Uganda. He came off after just 39 minutes and was replaced by Frank Acheampong. But Ghana failed to find a second goal which would have eased worries of a Uganda levellerafter a series of surprise results so far in Gabon. Coach Avram Grant will hope his side correct their wayward shooting next time out against Mali on Saturday. Egypt, among the tournament favorites with Ghana, kick off their campaign against Mali in Tuesday’s late encounter.
The European champions reached the knockout stages of the men’s World Handball Championship with two matches to spare. They easily defeated the Saudis 38-24 in France.Steffen Fäth was the standout player for the Germans with six goals as they cantered into the last 16 in France. Top spot in the group is now up for grabs and is important for the seeding in the knockout phase. Germany are currently first with six points and three wins from three having also dispatched Hungary and Chile earlier in the tournament. In other results on Tuesday, Norway beat Brazil 39-26, Poland defeated Japan 26-25, Slovenia drew with Tunisia 28-28 and Qatar outdid Argentina 21-17.
Day 2 of the Australian Open has seen no major upsets, with all of the usual suspects winning their first-round matches in scorching heat in Melbourne. Former champion Rafael Nadal moved on, as did Serena Williams.Rafael Nadal, determined not to go out in the second round for a second year running blasted past Germany’s Florian Mayer in straight sets 6-3, 6-4, 6-4 on Tuesday. The 9th-ranked Spaniard last won the Australian Open in 2009 and is the last left-hander on the men’s side to do so. Austria’s Dominic Thiem, the eighth seed, had a more difficult time of it as he needed four sets to defeat another German player, Jan-Lennard Struff 4-6, 6-4, 6-4, 6-3. Serena launches quest for 23rd Grand SlamOn the women’s side, the No.2-ranked Serena Williams scored an emphatic 6-4, 6-3 victory over 19-year-old Swiss Belinda Bencic.
According to the UNHCR, 65 million people worldwide were refugees in 2016, fleeing war, terrorism and hunger – especially in war-torn Syria. For the last 20 years, German Magnum photographer Thomas Dworzak has been working in regions ripped apart by war and crisis. With his pictures, Dworzak hopes to help these new arrivals get around and navigate daily life in Europe. “Europa: An Illustrated Introduction to Europe for Migrants and Refugees” is a charitable, non-profit project. Aid workers working with refugees and migrants can order a copy by contacting Jessica Murray ([email protected] )
After the second round ended, four Egyptian female squash champions—Nour El-Sherbini, Nouran Gohar, Omneya Abdel Kawy, and Raneem El-Welily—made it to the 2017 J.P. Morgan Tournament of Champions’ quarterfinals. In the second round of the tournament, El-Sherbini, ranked first internationally, was the reason her compatriot Salma Hany Ibrahim exited the tournament after defeating her by 3-1. El-Sherbini was the 2016 J.P. Morgan champion. Egypt’s Nour El-Tayeb also exited the tournament in the second round, after losing to her compatriot Gohar. El-Welily was the champion of the 2015 J.P. Morgan.
The economic activity in the Middle East and North Africa (MENA) region has shown surprising resilience in 2016 despite mounting political and economic headwinds, according to a report recently released by the economic analysis and forecasts provider FocusEconomics. The report reviews the performance of the region throughout 2016. While the region managed to accelerate despite a challenging economic and political climate, the Gulf Cooperation Council (GCC) countries have performed poorly in 2016. The figures of 2016 are the results of the diverging economic trends within MENA. FocusEconomics expected a gradual increase of US dollar inflows and investors as well as an expansion of GDP by 3.5% in 2017.
Egypt played its third match of the 2017 IHF Handball World Men’s Championship on Monday against Bahrain. Egypt won by 31-29, of which six goals were scored by Egypt’s Yehia El-Deraa who won the Best Player of the Match award. As the Pharaohs are placed in group D, they will be facing Argentina on 18 January and Sweden on 20 January. Sweden’s national men’s handball team won this championship four times, the last of which was in 1999. At the 2016 Rio’s Summer Olympics, celebrated in August, Sweden reached the quarterfinals of the men’s competition.
The Central Bank of Egypt (CBE) decided to pump EGP 2.5bn into United Bank, bringing the bank’s capital up to EGP 3.5bn. According to Ashraf Elkady, chairperson of the United Bank, the CBE’s injection of new capital will give a strong boost to the bank and its team to develop its business, strengthen the capital base, and raise the capital adequacy. This increase in the bank’s capital aims to meet the growing requests to expand in business and finance, whether directly or indirectly. Egypt at this important stage of economic construction needs strong banking entities to improve financial inclusion rates and to achieve targeted profitability, he explained. The capital of the United Bank was EGP 1bn at the beginning of its acquisition of the Nile Bank, the United Bank of Egypt, and the Islamic Bank for Development and Investment in mid-2006.
Prime Minister Sherif Ismail announced a package of decisions that aims to expand the social safety net and support low-income people. In addition, Ismail directed the government to import sufficient quantities of basic goods to maintain a six-month stock. Basic commodities will be sold through outlets of subsidiaries of the Food Industries Holding Company at low profit margins. The prime minister also assured he will take all actions necessary to review and filter the ration cards system. Moreover, contracts for supplying basic commodities will be conducted according to a scheme that allows for long-term supply and payment to obtain discounts and payment facilities.
Following circulating news regarding the kidnapping of 15 Egyptian workers in Libya, kidnappers informed the brother of one of the kidnapped workers that his brother was killed due to the media campaigns launched by his family. Meanwhile, Tarek El-Khouly, member of the parliamentary Foreign Affairs Committee submitted an inquest to parliament speaker Ali Abdul Aal regarding the Egyptian workers kidnapped in Libya, in order to refer it to the Foreign Ministry to follow the case. The MP made the inquest after he had received a message from the killed worker’s brother. Hamada had told Daily News Egypt back then that Mohamed had been kidnapped by anonymous militants after illegally travelling to Libya in December 2016. He said that a smuggler had agreed to smuggle his brother into Libya so that he could find employment in agriculture.
According to the report, both Cairo and Jordan’s Aqaba are considered tourism hotspots with 8% and 11% expected RevPAR growth from December to February, respectively. Alexandria is the runner-up with a forecasted 6% RevPAR growth in the same period. Regarding the Guest Experience Index (GEI), Colliers noted that Cairo scored 73 out of 100 for November 2016, marking a three-point increase, while Alexandria scored 76, Sharm El-Sheikh scored 81, and Hurghada scored 82. The reports indicated that the highest GEI growth was witnessed in Ras Al-Khaimah with a five-point increase, reaching a score of 77 points. Aqaba’s GEI witnessed the highest recorded drop in the GEI score with an eight-point decrease, reaching 71.
The Egyptian Electricity Holding Company (EEHC) signed a contract with Doosan Group to supply a turbine, condensers, and generators to the Assiut power plant for $61.68m. A source at the EEHC said that several other companies had presented their bids to the tender, before it was awarded to Doosan Group. These companies included Mitsubishi Hitachi Alliance, Toyota Tsusho, Siemens-Shanghai Electric Alliance, and Doosan Group. He explained that the project is composed of a steam turbine with a capacity of 650 MW, condensers, generators, and other facilities. Funders include the Arab Fund for Economic and Social Development, the Kuwait Fund for Arab Economic Development, the Islamic Development Bank, and the OPEC Fund for International Development (OFID).