Egypt’s Minister of Investment Sahar Nasr praised Rand Merchant Bank’s (RMB) choice of Egypt as the best investment destination in Africa for 2019, an achievement which the large North African country is holding onto for its second year in a row. The country was listed in the bank’s annual report, titled “Where to invest in Africa”. Nonetheless, the investment minister attributed this success to the enormous projects that Egypt had conducted the past four years, particularly in the field of infrastructure. She added that a COMESA conference, titled “Africa 2018”, will be conducted under the auspices of President Abdel Fattah Al-Sisi between 7 and 9 December in Sharm Al-Sheikh. 2,000 businessmen and investors from both Egypt and Africa will also attend, to help discuss ways to improve investment in Africa.
October 22, 2018 12:22 UTC
UN Secretary-General Antonio Guterres joins world leaders for a family photo during the COP23 UN Climate Change Conference in Bonn, Germany on Wednesday. "We are in a much better place going into these crunch climate talks in December," said Joe Thwaites, an associate in WRI's Sustainable Finance Center. "Continued GCF support for developing countries is a key component of success in the international negotiations. "Climate finance and climate project formulation are the two greatest bottlenecks to climate action in the developing countries," Paul Oquist, Nicaraguan co-chair of the board, said in a statement. "GCF has a critical role to play in both."
October 22, 2018 12:11 UTC
FILE- Salif Coulibaly/photo courtesy of Al-Ahly official websiteCAIRO – 22 October 2018: Al-Ahly Malian defender, Salif Coulibaly, revealed on Monday that the team is ready to fight in Algeria and reach the final when they face ES Setif at the CAF Champions League semi-finals second leg on Tuesday night.“I always prefer to play the second leg at home but we played a good game at the first leg and won 2-0 which gives us an advantage before the battle in Setif,” Coulibaly told press on Monday.Al-Ahly defeated ES Setif 2-0 at the first leg in Cairo thanks to two goals from Walid Soliman and Eslam Mohareb.“We came here with high spirits and we will do everything we can to reach the final and make our fans happy,” the Malian added.Coulibaly joined Al-Ahly last July and since then he established himself as a key player at Al-Ahly squad.The defender played a great role in Al-Ahly’s run at the CAF Champions League and he scored two goals at the group stage against Township Rollers and Kampala City.Al-Ahly fans put all their hopes on their players to reach the final and achieve the title after they lost last year’s final to Wydad Casablanca.
October 22, 2018 11:48 UTC
FILE- Patrice CarteronCAIRO – 22 October 2018: Al-Ahly French manager, Patrice Carteron, expects a tough game against ES Setif at the second leg of CAF Champions League semi-finals on Tuesday night in Setif, Algeria.“They are a very good team and their enthusiastic fans will do everything to help their team win,” Carteron said on Monday, Oct.22.Carteron is used to the atmosphere in Setif as he faced their local team twice during his time as TP Mazembe manager and he could not achieve a single victory in both games.The first game in 2013 at CAF Confederation Cup ended with a 1-1 draw and he lost 2-1 at the second game one year later at the CAF Champions League semi-finals.Carteron added “We are focusing on our team and making the players ready for the game. We will play with big ambitions to reach the final.”Al-Ahly defeated ES Setif 2-0 at the first leg in Cairo thanks to two goals from Walid Soliman and Eslam Mohareb.Al-Ahly fans put all their hopes on their players to reach the final and achieve the title after they lost last year’s final to Wydad Casablanca.
October 22, 2018 11:37 UTC
FILE - ExportsEgypt to have electricity interconnection with Sudan CAIRO - 24 April 2018: Deputy Electricity Minister Osama Asran and First Undersecretary of the Ministry Mohammed Mossa Omran headed to Sudan on Monday to agree upon the terms of the electricity interconnection project between the two countries. CAIRO - 22 October 2018: Trade exchange between Egypt and Sudan hit $320.48 million during the period from January to July 2018, according to the latest report of the state-owned statistic body.The Central Agency for Public Mobilization and Statistics noted in its report that trade balance during the seven months came in favor of Egypt by $72.68 million.The report clarified that Egypt’s exports to Sudan recorded $196.58 million, while imports reached $123.9 million.Trade exchange between Egypt and Sudan represents 4 or 5 percent of the trade volume between Egypt and the world.In January and February 2018, trade exchange between both states rose 18.9 percent, recording $104.1 million, compared to $84.4 million during the same months of 2017. February allocated $61.8 million of the total amount, compared to $43.7 million in February 2017.Egypt’s exports to Sudan during the first two months of 2018 increased 3.3 percent to $70.6 million, compared to $73 million during the same months of the previous year, while the imports surged 193.8 percent to $33.5 million, up from $11.4 million.From 2010 to 2016, trade exchange between both countries amounted to $3.86 billion, marking its highest value in 2010 at $629 million, and its lowest in 2012 at $473 million.During these seven year, trade balance came in Egypt’s favor by $3.18 billion, hitting its highest value in 2010 at $545 million, and its lowest in 2014 at $280 million.The main Egyptian exports to Sudan are food commodities, including meat and sesame; plastic and chemical products. Cotton is the most important item among Egypt’s imports from the Sudanese market.There are several projects that are conducted between the two states including the electricity interconnection project, where Egypt will supply about 300 megawatts in Sudan over the next two months, adding 600 megawatts at a later stage, to finally reach 3,000 megawatts.There are also the strategic projects for land reclamation, including 100,000 feddans in the state of Blue Nile, in addition to the Egyptian project for the production of meat in Sudan on an area of 40,000 feddans in the state of White Nile.The Egyptian-Sudanese shipping company has a project linking between the ports of Aswan and Halfa, for the transport of goods, individuals and tourism.On Thursday, Oct.25, President Abdel Fatah al-Sisi will visit Khartoum to attend the 24th summit with his Sudanese counterpart Omar al-Bashir to sign several agreements and memoranda.
October 22, 2018 11:26 UTC
cover page: Grand Imam Ahmed Al Tayyeb delivering his speech during the International Conference for Fatwa in Cairo Tuesday - Photo by Mohamed Asal, Egypt Today. CAIRO - 22 October 2018: Grand Imam of Al Azhar Ahmed el Tayyeb said Azhar's openness with major religious institutions in Europe is a cogent proof of narrowing the gap between Islamic communities in the East and Christian communities in the West.Tayyeb made the remarks during an international seminar held in Cairo under the theme of Islam and the West.Tayyeb - the head of the Muslim Elders Council - said the Azhar University embraces teaching Islamic heritage in a way that contributes to graduating moderate religious scholars capable of coping with modern age.He criticized linking Islam to terrorism, expounding the reasons behind terrorism.Grand Imam also said East and West came to share many cultural and civilizational perspectives.He rejected linking Islam to terrorism, wondering if any Islamic people were owning a mass destruction factory so that they would terrify anyone, adding that the problem is with the global weapons' manufacturers, the neo-colonialism and the abhorrent racial policies.
October 22, 2018 11:26 UTC
SEOUL (Reuters) – The U.S. Treasury Department is “deeply concerned” about planned financial cooperation between North and South Korea and has told South Korean banks that “U.N. and U.S. sanctions on North Korea remain valid”, a South Korean regulatory document has shown. North Korean leader Kim Jong Un vowed to work toward denuclearization during an unprecedented June summit with U.S. President Donald Trump. Such “resumption of financial cooperation with North Korea … does not align with U.S. policies”, the official said. The branch at the North Korean scenic spot has been closed since 2009.
October 22, 2018 11:01 UTC
Pets - CCCAIRO – 22 October 2018: EgyptAir allows travelers to accompany pets such as dogs, cats and birds if they provide a valid vaccination certificate.Egypt Today lets you know the requirements for taking pets on EgyptAir flights:• The weight of the animal or its cage does not exceed 5 kilograms.• Dogs and cats must be at least 8 weeks old when traveling.• Passengers assume full responsibility for their pets.• EGYPTAIR assumes no responsibility for the injury, loss or death of these pets.• Passengers must carry enough food for the pet during the flight.• Pets will not be included in the normal free baggage allowance, which is about 8 kilograms.• Passengers may be accompanied by falcons, but under the terms of EgyptAir Company.• Passengers must provide pet passports.
October 22, 2018 10:52 UTC
FILE PHOTO: A North Korean soldier patrols at the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, April 18, 2018. Picture taken on April 18, 2018. REUTERS/Kim Hong-JiSEOUL - 22 October 2018: North and South Korea and the U.N. Command agreed on Monday to withdraw firearms and guard posts in the demilitarized zone village of Panmunjom this week, Seoul’s defense ministry said, the latest move in a fast-improving relationship.The three sides held their second round of talks at Panmunjom to discuss ways to demilitarize the border in line with a recent inter-Korean pact reached at last month’s summit in Pyongyang.The U.S.-led UNC, which has overseen affairs in the DMZ since the end of hostilities in the 1950-53 Korean War, was not immediately available for comment, but it said on Friday it supports the two Koreas’ efforts to implement their military deal.The announcement comes amid U.S. concerns that the inter-Korean military initiative could undermine defense readiness and comes without substantial progress on North Korea’s promised denuclearization.The neighbors are looking to withdraw 11 guard posts within a 1-km (0.6-mile) radius of the Military Demarcation Line on their border by the end of the year.They also plan to pull out all firearms from a Joint Security Area (JSA) at Panmunjom and cut to 35 each the numbers of personnel stationed there and share information on surveillance equipment.At Monday’s meeting, the three sides agreed to remove firearms and guard posts from the JSA by Thursday, and carry out a joint inspection over the following two days, the ministry said.The two Koreas have been removing landmines around the area as part of the agreement and they confirmed the completion of the demining operation at the talks with the UNC.“We discussed the timeline of the pullout of firearms and guard posts, as well as ways to adjust the number of guard personnel and conduct joint inspections,” the ministry said in a statement.The agreement also includes a halt in “all hostile acts” and a no-fly zone around the border.North and South Korea are technically still at war because the 1950-53 conflict ended in a truce, not a peace treaty, but relations have improved considerably in the last year.After his third summit in Pyongyang, South Korean President Moon Jae-in said the North was ready to invite international experts to watch the dismantling of a key missile site and would close the main Yongbyon nuclear complex if Washington took reciprocal actions.Those actions could include putting a formal end to the 1950-53 war, opening of a U.S. liaison office in North Korea, humanitarian aid and an exchange of economic experts, Moon said.But Washington demands North Korea takes irreversible steps to scrap its arsenal, such as a full disclosure of nuclear facilities and material.
October 22, 2018 10:52 UTC
The Temple of Ramses II - Egypt Today. Next to the statues’ legs, are smaller statues of the Pharaoh’s relatives. A row of 22 squatting baboon statues is placed at the top of the temple. This means that the temple was situated on the border of the conquered lands of Nubia after many military campaigns were carried out by the Pharaoh against Nubia.Abu Simbel is made up of two temples. Abu Simbel was one of six rock temples erected in Nubia during the ruling period of Ramses II and its construction took 20 years from 1264 BC to 1244 BC.
October 22, 2018 10:41 UTC
According to the Central Agency for Public Mobilization and Statistics (CAPMAS), the Russian tourist inflow to Egypt reached its peak in 2014, with tourists recording 3.1 million. Following the Russian plane crash, this number plummeted to 2.38 million in 2015.The British tourist inflow used to range between 800,000 and 1 million tourists, but this number also declined after the suspension of flights to Sharm El-Sheikh. British flights are now limited to the tourist landmarks in the Red Sea and the Upper Egyptian cities of Luxor and Aswan.Tourism in the whole country has been greatly affected since the uprising that overthrew former President Hosni Mubarak in 2011. The visit showed increasing interest from Moscow to boost cooperation with Egypt after the bilateral relations have been up and down.Asked about the return of direct flights to Egypt, Putin said “The Russian security services have reported to me that, on the whole, we are ready for opening the direct air link between Moscow and Cairo ... Russian President Putin signed the decree on resumption of scheduled flights to Cairo on January 4, 2018.
October 22, 2018 10:41 UTC
Sharm El Sheikh City, Egypt, December 9, 2009 – Wikimedia/Youssef AlamSHARM EL SHEIKH - 22 October 2018: Secretary general of South Sinai governorate Mahmoud Issa has received a Ukrainian media delegation with the aim to promote travel to Sharm el Sheikh.The Ukrainian delegation come upon an invitation by a travel agency to visit to tourist destinations in the Red Sea resort city.The delegation is on a four-day visit during which they will visit Soho area, Tiran island and Ras Mohamed National Park.
October 22, 2018 10:30 UTC
FILE - President Abdel Fatah al-Sisi reacts after delivering a speech at the lower house of parliament in Tokyo on February 29, 2016 - ReutersCAIRO - 22 October 2018: President Abdel Fatah al-Sisi received on Monday the credentials of a number of newly-appointed ambassadors to Egypt, according to a statement issued by the Presidential Spokesman Bassam Radi.The statement reported that Sisi reiterated Egypt's keenness on bolstering bilateral relations with their countries in the various domains.
October 22, 2018 10:18 UTC
FILE PHOTO: Customers line up to buy Mega Millions tickets at a newsstand in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Segar/File PhotoFor $2 a ticket, you have chance to be among the richest people in the world if you beat the longshot odds of 1 in 303 million to win the Mega Millions lottery jackpot of $1.6 billion Tuesday night.The sum reached a world record for lottery jackpots after there were no winners claimed a $1 billion prize on Friday.It is so much money that if you had it all in $100 bills, you could make a stack about as high as the World Trade Center in New York city, the lottery’s website said.“Mega Millions has already entered historic territory, but it’s truly astounding to think that now the jackpot has reached an all-time world record,” Gordon Medenica, lead director of the Mega Millions Group, said in a statement.But you are more likely to get killed by a shark than win, with odds of a shark attack at 1 in 3.7 million, according the Tucson, Arizona-based International Wildlife Museum.After taxes, the cash value of the Mega Millions prize will be an estimated $904 million, which is greater than the gross domestic product of countries including South Africa, Columbia and Switzerland, according to 2017 figures from the World Bank.Wednesday’s Powerball lottery prize stands at an estimated $620 million, making it the fifth largest jackpot in U.S. history, officials said, after no one got all six numbers in Saturday’s drawing.The lump sum cash payout is estimated at $354.3 million.The current Mega Millions jackpot beats the previous record, a $1.586 billion jackpot for a Powerball drawing in 2016, said Seth Elkin, a spokesman for Mega Millions.If there is more than one winner, the jackpot would be shared, as happened when the previous Mega Millions record of $656 million was drawn in March 2012 and was divided between winners in Kansas, Illinois and Maryland, a lottery official said.
October 22, 2018 10:07 UTC
Egypt’s government approved on Sunday the Indian hypermarket group LuLu’s $500 million cash transfer to the Egyptian market, aiming to increase Indian investments in the commercial market in Egypt. According to governmental sources, Egypt will help the group to establish several hypermarkets to sell products at low prices in the Egyptian market. LuLu Group will transfer the cash amount in November to start at establishing the new hypermarkets that are expected to provide 40,000 job opportunities, Deputy Minister of Supply for Investment and Asset Management Ibrahim Ashmawy said. LuLu Group is a highly diversified conglomerate with successful business entities in strategic locations worldwide. Founded by the acclaimed business visionary Yusuff Ali M.A., LuLu Group has become a key contributor in the Gulf region’s economic standing, with an annual turnover worth $7.4 billion.
October 22, 2018 10:07 UTC