Dollar firm in thin post-holiday trade, loonie up as oil prices jump

A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/IllustrationTOKYO (Reuters) - The dollar edged up against key peers such as the euro and the yen on Monday, boosted by the relative strength of the U.S. economy, while losing ground against the Canadian dollar following a rise in crude oil prices.Financial markets in Australia, Hong Kong and many major countries in Europe are closed on Monday for the Easter holiday. Currency trading continues globally but volume is expected to be light.The dollar was lackluster against the loonie as crude oil prices rose more than 2 percent following a Washington Post report the United States is likely to ask all importers of Iranian oil to end their purchases or will be subject to U.S. sanctions. [O/R]The greenback has found support in recent weeks on the back of a gradual rise in U.S. 10-year Treasury yields and signs of strength in the world’s top economy, including better-than-expected retail sales in March, following a weak start to the year.“It’s better to say that the euro has been weak rather than that the dollar is strong,” said Yukio Ishizuki, senior currency strategist at Daiwa Securities.“Traders have mostly priced in the weakness of the euro zone economy by now,” Ishizuki said. REUTERS/Mark BlinchThe Canadian dollar gained about a quarter of a percent to C$1.3360 on the back of the rise in crude oil prices following the Washington Post report.Against the Japanese yen, the dollar was about 0.1 percent higher at 111.94 yen, within reach of this year’s peak of 112.17 hit on Wednesday last week.Starting on Saturday, on Japan will have an unprecedented 10-day holiday from late April to early May to mark the ascension of the new emperor, Crown Prince Naruhito.Daiwa’s Ishizuki said he expected currency trading by Japanese investors to remain relatively light as traders and companies are shifting into holiday mode.

Source:Egypt Today

April 22, 2019 06:56 UTC


Youth & Sports min. visits Cairo Stadium

Youth & Sports minister in Cairo Stadium - FILECAIRO - 22 April 2019: Ashraf Sobhi, Minister of Youth & Sports, inspected the Cairo International Stadium to find out the latest updates of its development.Sobhi also followed up the work being done which included expanding and developing the stadium's entrances and locker rooms and providing a snow bath for the recovery of the players as well as a Jacuzzi as per the CAF's demand.Sobhi praised the rapid development of the stadium, stressing that everyone is working in great coordination and integration in efforts to ensure the success of the tournament.The matches will be played in the Cairo, Air Defense, Al Salam, Alexandria, Suez and Ismailia stadiums. The Cairo Stadium will host the opening match and final match.Group A: Egypt, DR Congo, Uganda, Zimbabwe - This group of matches will be played at Cairo StadiumGroup B: Nigeria, Guinea, Madagascar, Burundi - This group of matches will be played at Alexandria StadiumGroup C: Senegal, Algeria, Kenya, Tanzania - This group of matches will be played at Air Defense StadiumGroup D: Morocco, Ivory Coast, South Africa, Namibia - This group of matches will be played at Al Salam StadiumGroup E: Tunisia, Mali, Mauritania, Angola - This group of matches will be played at Suez StadiumGroup F: Cameroon, Ghana, Benin, Guinea-Bissau - This group of matches will be played at Ismailia StadiumEgypt won the rights to host the tournament after being selected over South Africa.The 2019 African Cup of nations was initially scheduled to be hosted by Cameroon. However, Cameroon was stripped of hosting the tournament for serious delays in preparations.Egypt is the most successful nation in the history of the competition as Egypt has won a record of seven titles including three in a row between 2006 and 2010.Egypt has been known for its ability to host the biggest sports tournaments as the country has one of the best infrastructures in the continent, besides the huge passion of its people towards sports, especially football.

Source:Egypt Today

April 22, 2019 03:56 UTC


SIS analyzes foreign media coverslip of the referendum, highlights press freedom

All means of follow-up: print, audio and video were used freely in about 13919 electoral subcommittees in 10878 polling centers and 368 general committees, in addition to voting stations for Egyptians abroad.At the time of preparing this statement, no complaints were received from any correspondent that he/she was prevented from practicing his/her work or from entering the committees, or moving freely, or being restricted in any form. All this has confirmed to everyone the utterly expansive atmosphere for all political parties to freely express their views and practice their political activities.Fifth:Regarding all that has been published in the media outlets around the world, or through some other organizations on the content of the constitutional amendments themselves, and the jurisprudence on what such amendments mean for the political system and political institutions in Egypt, all that has said in this regard is worthless false readings. The people of Egypt is the only entity, that has the right to express its decisive opinion about these amendments in a unique way known in the world and in all democratic systems through casting ballots. No one has the right to confiscate the will of the Egyptian people, or to jump on its position and decision, which is determined by the results of the voting on the referendum.All that is allowed for everyone is to make sure that the Egyptian people has been empowered to exercise the right to vote freely in the referendum. This is a fact recognized by all the political parties in Egypt and the media outlets that covered all stages of the voting process both in Egypt and abroad.

Source:Egypt Today

April 21, 2019 19:41 UTC


Benzema's treble fires Real Madrid past Bilbao as Bale jeered again

AFP / GABRIEL BOUYSKarim Benzema made it 30 goals for the season on Sunday as he led the way again for struggling Real Madrid with a hat-trick that shot his side to a 3-0 win over Athletic Bilbao.Benzema has been one of the few bright sparks in an otherwise dreary campaign for the European champions and it was his second-half treble that proved the difference at the Santiago Bernabeu.Victory moves Madrid four points behind Atletico in second, while Bilbao stay seventh, with their chances of sealing a spot in the Europa League dented. However Zinedine Zidane's side stay 13 points behind La Liga leaders Barcelona, who beat Real Sociedad 2-1 on Saturday.Benzema's advance in the absence of Cristiano Ronaldo and surge since the reappointment of Zidane comes in stark contrast to Gareth Bale, who was whistled when introduced as a substitute here and frequently during his 20 minutes on the pitch.For all the impatience of the home crowd, it was Bale who won the corner for Benzema's second and then teed up his team-mate's third in injury-time.But his sixth season at Real Madrid will surely be his last, with Zidane saying little in press conference either to express support or suggest he wants the Welshman to stay beyond the summer.Bale and Benzema with the gargantuan task of filling the void left by Ronaldo's departure for Juventus last summer and while Bale seems to have shrivelled under the weight of expectation, Benzema has thrived.The 31-year-old has now claimed all of Madrid's last eight goals in La Liga, a run that includes five matches, while in his last seven games, he has scored 10.- Benzema saves limp Real -Benzema said at the start of the season he wanted 35 goals in all competitions and, despite his opportunities being reduced by his team's early exit in the Champions League, he is now only five short of his target with the same number of games left to play.Zidane has already said he expects Benzema to be a Madrid player again at the start of next season and on this evidence it is easy to see why.The striker's clinical performance aside, the reigning European champions lacked spark in the final third and, the emphatic scoreline flattered them.They were particularly underwhelming in the first half and Bilbao's Inaki Williams might have scored early in the second had the 22-year-old Jesus Vallejo not made an excellent last-ditch intervention.It was from the counter-attack that Madrid scored as Toni Kroos was allowed to stroll forward unattended and feed Marco Asensio out wide. Asensio crossed for Benzema to head home.The game was reduced to almost a walking pace around the hour, with the Madrid fans roused only to jeer the introduction of Bale, who came on with Isco, with 20 minutes left.But it was his run in behind that won the corner for Benzema's second, another header, this time at the back post, before a comical mix-up in the Bilbao defence gifted him his hat-trick.Iago Herrerin rushed out to intercept a speculative ball over the top but made a mess of his headed clearance, the ball falling to Bale to tee up Benzema, 30 yards out but with the goal open.

Source:Egypt Today

April 21, 2019 16:41 UTC


President Sisi receives US Senator Ron Wyden in Cairo

US Senator Ron Wyden-Press photoCAIRO - 21 April 2019: Egyptian President Abdel Fatah al-Sisi received Sunday US Senator Ron Wyden in the presence of Minister of Foreign Affairs Sameh Shoukry and Head of the Egyptian General Intelligence Abbass Kamel.President Sisi highlighted the strategic relation between Egypt and the United States that has extended for decades, stressing Egypt’s keenness to boost bilateral ties on all fronts, especially amid the disturbed situation in the region and the escalating challenges of instability and terrorism.“President Sisi is keen to contact all Congress’ leaders within the framework of mutual cooperation and consultation between the two countries. Sisi reviewed Egypt’s efforts to combat terrorism and extremism and underscored the country's peerless trials to carry out comprehensive economic reform and sustainable development and settle disagreements and political conflicts in the region,” presidency spokesperson Bassam Rady stated.For his part, Wyden said that Egypt is the pillar of security, stability, and peace in the Middle East, as well as being a strategic partner to the US in the region.Wyden further lauded Egypt’s successful role in sustaining peacekeeping forces, combating terrorism, renewing religious discourse and stressing the code of ethics.During the meeting, the officials discussed the situation in Libya and Syria, asserting the necessity to find political solutions to these conflicts in a way to conserve the unity and sovereignty of these countries.President Sisi affirmed Egypt's full support for the Palestinian stance to reach a political settlement, highlighting the need to reach a just and comprehensive solution leading to the establishment of an independent Palestinian state, with East Jerusalem as its capital.

Source:Egypt Today

April 21, 2019 15:33 UTC


Abbas lauds Egypt's efforts to resolve Palestinian cause

Palestinian Cause, Abbas Kamel, Saeb Erekat, Mahmoud Abbas, Abdel Fatah Al-SisiCAIRO – 21 April 2019: Palestinian President Mahmoud Abbas praised Egypt's efforts at various levels to resolve the Palestinian cause and protect the rights of the Palestinian people during his meeting in Cairo with the Egyptian president, presidential spokesman Bassam Radi said.The meeting was attended by Egypt's Foreign Minister Sameh Shoukri and Intelligence Chief Abbas Kamel. Secretary-General of the Palestinian Liberation Organization (PLO) Saeb Erekat, Foreign Minister Riyad Al-Maliki, and Palestinian Ambassador to Egypt Diab al-Louh also attended.During the meeting, Abbas stressed the importance he attaches to the coordination with President Abdel Fatah al-Sisi concerning the Palestinian situation and ways to deal with the challenges facing the Palestinian people.He also reviewed the determinants of the Palestinian situation in light of the recent developments.For his part, President Sisi affirmed Egypt's full support for the Palestinian stance to reach a political settlement, highlighting the need to reach a just and comprehensive solution leading to the establishment of an independent Palestinian state, with East Jerusalem as its capital.The meeting also reviewed the challenges currently faced by the Palestinian Authority, especially following Israel's deduction of the clearing funds, and the negative repercussions of such issue on the status of the authority.Sisi affirmed Egypt's keenness to exert efforts with the concerned parties in this regard to prevent further escalation.The Egyptian efforts to stabilize the Gaza Strip were also discussed during the meeting. President Sisi pointed out that the Egyptian moves always aim at maintaining the security and stability of the Palestinian people and improving the humanitarian and economic conditions in the Gaza StripEgypt continues its efforts to complete the reconciliation process and achieve political consensus within the framework of a unified vision among all Palestinian forces and factions, and in accordance with an Egyptian strategy to support the Palestinian Authority and its role in the Gaza Strip, Radi said.

Source:Egypt Today

April 21, 2019 15:22 UTC


2019 AFCON Volunteer registration opens for Egyptians & Foreigners

Soccer Football - Africa Cup of Nations Draw - The Great Pyramids, Giza, on the outskirts of Cairo, Egypt - April 12, 2019 General view after the draw REUTERS/Amr Abdallah DalshCAIRO - 21 April 2019: The Volunteers and the team facilitators committee of the 2019 African Nations Cup have announced the opening of the Volunteering process. "The Volunteers and the team facilitators committee of the 2019 African Nations Cup, hosted by Egypt from June 21 to July 19, 2019, has opened the door for young people wishing to volunteer in the tournament," the committee said in a press release. "The Committee has launched the application form through the official website of the tournament on Sunday 21 April, and continues to open the door for young people until next Friday, 26 April 2019." The committee added in the press release.The Volunteers and the team facilitators committee stipulated that the applicants should be between the age of university students and 35 years old. Also, they must be proficient in one of the foreign languages spoken by the African teams participating in the tournament, which is divided into the languages "English, French and Portuguese", in addition to previous experience in the organization of events and sports championships.Gehad Aamer, assistant of AFCON Organizing Committee’s president and The Volunteers and the team facilitators committee’s president, assured that after receiving volunteers’ applications they will have interviews to choose the proper elements, and those who will undergo specialized training courses to refine their skills and prepare them properly to perform the tasks.Here you can apply:The matches will be played in the Cairo, Air Defense, Al Salam, Alexandria, Suez and Ismailia stadiums.

Source:Egypt Today

April 21, 2019 14:54 UTC


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