FILE - CBEFinance Ministry to auction LE478.5B in T-bonds, bills in Q4 CAIRO - 28 March 2019:The Ministry of Finance will auction treasury bills and bonds at a total value of LE 478.5 billion during the fourth quarter of fiscal year 2018/2019. Financial modifications on T-bills save treasury rights: Min. CAIRO-2 December 2018: Minister of Finance Mohamed Ma'it revealed the reason behind the financial treatments of T-bills' taxes, saying that it's one of the rights of the treasury. Ma'it notes the share of the treasury from the taxes wasn't collected before. Foreign investments in T-bills hit LE210.2B by end of October CAIRO - 28 November 2018: Foreign investments in treasury bills (T-bills) recorded LE 210.21 billion ($11.71 billion) by the end of October, compared to LE 234.52 billion ($13.06 billion) by the end of September, according to data from the Central Bank of Egypt (CBE).
June 13, 2019 10:18 UTC
Egypt’s meteorologists predict that mild temperatures will dominate the northern coasts, Lower Egypt, Cairo and the north of Upper Egypt on Friday while hot weather is expected for the south of Upper Egypt during daylight. Weather will grow mild at night throughout the country. Temperatures predicted for the following cities are: 28C in Alexandria, 35C in Cairo, 36C in Sohag, 37C in Qena and 39C in Aswan. Mist will impact visibility across the country’s northern parts in the morning, and low- and medium-level clouds will cover the north of the country. Winds will be mostly northwesterly and will be active on the western coasts.
June 13, 2019 10:18 UTC
The eye-watering surge in Bitcoin has come with several warnings that a bubble is about to burst - AFPLONDON - 13 June 2019: When bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it’s entering the establishment its creators sought to subvert.As the cryptocurrency has surged in value bigger investors, from trading firms to hedge funds, have increasingly turned to exchanges regulated in traditional financial centers. They demand a high degree of transparency.Offshore platforms, in contrast, are typically registered in jurisdictions with less onerous rules. They tend to accept business from investors who can sign up with few checks on their identity or the provenance of their funds.Larger investors, bound by strict compliance rules, are heading to regulated platforms in financial hubs like CME, according to industry players. One of the biggest, Seychelles-registered BitMEX, said it now accounts for over 65% of global cryptocurrency derivatives trading.
June 13, 2019 10:07 UTC
International Day of Zero Tolerance to Female Genital Mutilation.Photo UNICEF / Olivier Asselin via wikimedia commonsAdditional reporting by MENACAIRO – 13 June 2019: The National Committee of the Eradication of FGM will launch on Thursday an awareness campaign via radio against female circumcision, on the occasion of the National Anti-FGM Day which falls on June 14.The committee is headed by Maya Morsy, president of the National Council for Women, and Azza al-Ashmawy, secretary general of the National Council for Childhood and Motherhood (NCCM).As many as 18 radio stations will broadcast the campaign, which aims at raising awareness of the reported dangers of the FGM, which have been endorsed by many international organizations and medical specialists, as well as the penalties imposed by the law against the perpetrators of such act.FGM is carried out by some people especially in some countries in Africa, Asia and the Middle East, through cutting or removing some or all of the external female genitalia.In statements on Wednesday, Ashmawi said the campaign is entitled "Budour Month" after the name of a 11-year-old girl who died of complications of a circumcision surgery in a private clinic in the Egyptian village of Mughagha, Minya governorate, in 2007.She asserted that NCCM has been working over the past few years on several programs to counter such practices through the various mass media means.Ashmawi also said that in 2016, the government toughened the punishment against those involved in such practice and established the anti-FGM national committee under the chairmanship of the NCCM.Egypt imposed a complete ban on female genital cutting — also known as female genital mutilation or circumcision — in June 2007 after Budour Shaker died of an excessive dose of anesthesia while being cut at the private clinic in Upper Egypt.Egypt’s Grand Mufti, the government’s official arbiter of Islamic law, decreed during the same year that female genital cutting was forbidden by Islam, in his strongest statement yet against the practice.FGM was criminalized by Egyptian parliament in June 2008, thus creating a paradigm shift by moving the practice from social norm to crime.
June 13, 2019 09:56 UTC
FILE PHOTO: A jetty for oil tankers is seen on Madae island, Kyaukpyu township, Rakhine state, Myanmar October 7, 2015. REUTERS/Soe Zeya Tun/File PhotoLONDON - 13 June 2019: Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling up ultra-safe government bonds, gold and the Japanese yen.Brent surged as much 4 percent after reports of the attacks added to the already-heightened tensions between Iran and the United States.The area is near the Strait of Hormuz through which a fifth of global oil consumption passes from Middle East producers.Europe’s oil producers moved higher in the region’s stock markets. Shares were also lifted by some stellar gains in the telecoms sector as Germany dished out licenses for its new 5G mobile network to some new entrants.“Whenever you have an incident in the Arabian Gulf a little bit of nervousness always starts to kick in about that particular artery getting clogged up,” CMC Markets senior analyst Michael Hewson said.Given that oil was at 5-month lows yesterday, people are taking precautions that it might escalate into something further.“But personally I think it will be much like in the past where you get a spike higher but ultimately it doesn’t change the underlying supply and demand dynamics,” Hewson said.Asia had been a different story. But given market expectations, the Fed will have no choice but to cut rates,” said Kozo Koide, chief economist at Asset Management One.The 10-year U.S. Treasuries yield dipped to 2.103 percent, near Friday’s 2.053 percent, its lowest level since September 2017, while Germany borrowing costs sank back toward all-time lows in Europe.Bond yields also fell in Asia. “The Australian dollar’s underperformance is also a booster for the yen.”
June 13, 2019 09:56 UTC
Premier League champions Manchester City travel to West Ham on the opening weekend of the new season AFP / Glyn KIRKCAIRO, 12 June 2019: Champions Manchester City begin the defence of their Premier League title away at West Ham, while Manchester United will host Chelsea in a blockbuster meeting to start the campaign after next season's fixtures were revealed on Thursday.City will be confident of a fruitful start after scoring four times in each of their last three visits to the London Stadium, but face a tougher clash when Champions League finalists Tottenham Hotspur visit the Etihad on the second weekend of the season.Runners-up and Champions League winners Liverpool begin with a home game to newly-promoted Norwich.Last season's top two meet at Anfield on November 9 with the return at the Etihad scheduled for April 4, subject to TV confirmation.Chelsea will begin life without the influential Eden Hazard at Old Trafford with United in need of a fast start after a dismal end to last season under Ole Gunnar Solskjaer.On their return to the top-flight Aston Villa host Spurs, whilst Sheffield United are away at Bournemouth.City only edged Liverpool by a point in last season's thrilling duel but would appear to have the easier run-in this time round should the title go down to the wire once more.Pep Guardiola's men do not face any teams who finished in the top half last season in their final six matches, following the visit of Liverpool.In contrast, the European champions travel to Arsenal and host Chelsea before a visit to Newcastle in their final three games of the campaign.For the first time in Premier League history, the clubs will get a short mid-season break in February.Over a two-week period, there will be only five matches on one weekend, with the other five games taking place the following weekend, ensuring that each team gets one week offThis article is according to AFP.
June 13, 2019 09:11 UTC
REUTERS/Mohamed Abd El-GhanyCAIRO – 13 June 2019: An article that lists the most expensive and cheapest taxi fares in the world has said Egypt is the country with the cheapest taxi far.“The country with the cheapest taxi fare is Egypt – a cost of just 0.84 euro, for a 5km taxi fare. In fact, the base fee for a taxi fare in Egypt is as low as 0.24 euro,” Travel Daily added.“Egypt is followed closely by India (1.29 euros), Thailand (1.41 euros) and Indonesia (1.68 euros) in Southeast Asia.”Meanwhile, in Malaysia (€1.70) and Mexico (1.80 euros) you can grab a 5km cab ride for under 2 euros.To achieve the figures, Taxi2Airport analysed data* collated by Taxi-Calculator.com. The average taxi fare presented is relative to a 5km (3.1 miles) journey.Taxi2Airport chose to focus on 5km because, faced with a journey of this length, hailing a cab is often a necessity – especially if you have luggage or kids to hand.
June 13, 2019 09:11 UTC
A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERSHONG KONG - 13 June 2019: Chinese e-commerce giant Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that will take place as soon as the third quarter of this year, a person with direct knowledge of the matter told Reuters.The listing could raise as much as $20 billion, sources said last month, smaller than its record $25 billion float in New York five years ago.At that time, founder Jack Ma expressed a desire to list in the Hong Kong but the tech firm’s management structure clashed with bourse rules. The person with knowledge of the matter was not authorized to speak with media and so declined to be identified. News of the filing was first reported by Bloomberg.Investment banks China International Capital Corp Ltd and Credit Suisse Group AG are leading the deal. The banks did not immediately respond to Reuters requests for comment.
June 13, 2019 07:52 UTC
File: Chairman of the Supreme Council for Media Regulation (SCMR) Makram Mohammed AhmedCAIRO – 13 June 2019: The Supreme Council for Media Regulation decided on Wednesday to ban Coca Cola AFCON commercial on all media platforms for a violation represented in viewing the National Team’s Jersey.The SCMR’s decision came after a complaint issued by Egyptian Football Association (EFA) against the Coca Cola, as the latter violated by viewing the jersey EFA’s AFCON rights and the rights of other sponsors of the national football team.After deliberations, the SCMR decided to ban the commercial from all digital, audio and electronic media platforms until all the violations are considered.
June 13, 2019 04:18 UTC
President Sisi attends the inaugural session of the African Anti-Corruption Forum (AACF) held in the Red Sea resort city of Sharm El Sheikh - Press photoCAIRO – 12 June 2019: Sherif Seif al-Din, chairman of the Administrative Control Authority (ACA) – Egypt's accountability agency– said that corruption "represents a huge challenge to the development and stability efforts in Africa. "This comes on Wednesday during the inaugural session of the African Anti-Corruption Forum (AACF) held in the Red Sea resort city of Sharm El Sheikh, in the presence of Egyptian President Abdel Fatah al-Sisi and heads of regulatory bodies of the African states. "The peoples of some African countries have suffered a lot from the loss of their resources and dreams for a better future," said Seif al-Din, affirming that corruption is "the biggest enemy," and that its losses is "estimated at billions of dollars a year. "Seif al-Din said that fighting corruption is one of the issues agreed upon by the African countries as "one of the most important priorities of the agenda adopted by the African Union as a plan of action for the continent until 2063. "Corruption in many African countries is an obstacle to the economic progress, and "can only be overcome with strong will and real reform efforts," he added.The African Anti-Corruption Forum (AACF) brings together participants from 51 African countries and four Arab countries.The forum is held in line with an initiative that was launched by president Sisi in January 2018 during his participation in the annual African Summit.Prime Minister Moustafa Madbouli, Speaker of the House of Representatives Ali Abdel Aal and Minister of Defense Mohamed Zaki along with Minister of Planning Hala El Saeed and other ministers and senior officials are attending the forum.President Sisi, during the inaugural session, urged cooperation between African nations in the face of corruption, affirming the importance of concerted efforts, exchanging visions and enhancing coordination to curb corruption.Sisi also affirmed that "Egypt will continue to support the joint efforts to combat corruption at the African level."
Ramy Sabry - TwitterCAIRO – 12 June 2019: Egyptian singer Ramy Sabry dazzled the audience in his first performance in Saudi Arabia, which took place at Jeddah's Karaz stage.Over the course of more than an hour and a half, Sabry entertained hundreds of fans as he performed a selection of his most popular songs, including; “Ana Maah” (With her), “Habibi el awalani” (My first love), “El ragel” (The man), “Mesh ana” (Not me), in addition to the first live performance of his most recent song “Ana baba” (I am daddy).Sabry thanked the General Authority for Culture and Entertainment in Saudi Arabia for presenting him to the Saudi public for the first time.The concert is Sabry’s first concert in Saudi Arabia, and comes as part of the Jeddah season, launched by the Entertainment Authority, offering a variety of activities and events that are set to be held in the city overlooking the Red Sea from June 8 to July 18.The audience chanted Sabry's songs with him during his performance and posted several pictures and videos taken live at the concert on Twitter.
Mohamed Salah holding a large fish, Assir Yassin holding his son in a funny response - Press photosFromer Zamalek player Amr Zaki holding a large fish - Official InstagramZamalek player Omar al-Said - Official InstagramCAIRO - 12 June 2019: World famous Egyptian football star Mohamed Salah's fish challenge took social networking sites by storm.The Liverpool star uploaded a picture on his official Instagram account holding a large fish, while he stood in a boat in the middle of the sea, wearing his swimming suit.Salah took the photo during a fishing trip while he enjoyed his summer vacation in El Gouna, Egypt, prior to joining the National team’s camp in preparation for the African Cup of Nations, set to kick off in Egypt on June 21.The image uploaded by Liverpool star Salah has sparked wide-ranging reactions on social network sites, prompting many celebrities and sports stars to join the competition line, posting similar images.One of the most significant members of the challenge is Egyptian actor Assir Yassin, who uploaded a humorous picture on Instagram carrying his son in the same way Salah carried the large fish. Yassin launched a vote, asking the public’s opinion on the best picture, saying: Salah or Asser?Among the stars joining the fish competition is Amr Zaki, Zamalek’s star and former Egyptian National team star, he uploaded a similar picture carrying a large fish, commenting: “It is the same sea, but the fish varies Mr. International” in reference to world famous Liverpool player Salah.Zamalek striker Omar al-Said, who exploited the Egyptian league's suspension, went on a fishing trip, uploading a picture holding two very small fish in a funny response to the huge fish Salah was carrying.
File- Egypt's Administrative Control AuthorityCAIRO – 12 June 2019: Head of Administrative Control Authority Sherif Saif said that the African countries suffer a lot due to corruption, which costs it millions of dollars annually.In his speech at the inaugural session of the African Anti-Corruption Forum (AACF) that is being held in the Red Sea city of Sharm El-Sheikh, Saif added that corruption is considered to be Africa’s main challenge at the mean time, which hinders the African governments’ efforts for development.Egyptian President Abdel Fatah al-Sisi urged cooperation between African nations in the face of corruption, affirming the importance of concerted efforts, exchanging visions and enhancing coordination to curb corruption.Sisi affirmed in his speech that "Egypt will continue to support the joint efforts to combat corruption at the African level. "Reviewing Egypt's efforts in this regard, the president announced "doubling the training grants provided by the National Anti-Corruption Academy for the cadres of African law enforcement bodies. ""Egypt also welcomes cooperation with its African brothers and the African Union relevant bodies to exchange the best practices in this field. In this context, we also affirm the importance of deepening international cooperation with the main partners of Africa at various levels to achieve the desired benefit in this regard. "Concerning the national anti-corruption efforts, Sisi said that "Egypt has come a long way in the past years in the fight against corruption in various forms, and has been concerned with conducting research, studies and opinion polls in order to track the causes of corruption and identify real measurements for it."
June 12, 2019 15:56 UTC
File- FacebookCAIRO – 12 Cairo 2019: Nearly 4-6 million fake accounts and pages on Facebook are aiming at spreading rumors among Egyptians, according to Ali Hosni, undersecretary of the General Directorate of Information and Relations at the Interior Ministry.Hosni added during a seminar organized by the ministry on the danger rumors pose to the community that those fake accounts that aim at spreading rumors, are mostly not just Egyptians or residents of Egypt, but sometimes they spread rumors through their accounts from other countries.He referred to two situations that took place during the past period; one of them regarding a girl, who was reportedly kidnapped in Beheira Governorate and it turned out for her to be just escaping her home to avoid high school final exams.Another famous rumor raised a lot of question during the past period, as it was announced on social media websites that someone was appointed as Egypt’s new transportation minister. Several local media outlets started to use the rumor as fact without rechecking from official sources. The "newly appointed minister" was found out to be a dead man.Earlier in June, the government refuted all the rumors circulated on social media platforms about the date of the increase in fuel prices in Egypt. Also on June 3, the government issued a statement denying rumors about its alleged intention to sell the Baron Empain Palace, and also the government's "failure" to face locusts in Luxor and Aswan.The Cabinet's Media Center said it contacted the Ministry of Antiquities which denied the news about putting the 108-year old Indian-inspired mansion or any other archaeological building on sale.Last April, Egypt’s Cabinet denied 10 rumors that spread in one month, according to the statement.1) Forcing employees into early retirement to reduce the state’s expenditure.2) Removing over 172,000 of beneficiaries from “Takaful and Karama” (Solidarity and Dignity) program to minimize the public budget.3) Ministry of Finance pays the Suez Canal Authority’s debts that amount to $600 million.4) The dollar’s exchange rate of the fiscal year 2019-2020 will skyrocket to hit L.E 18.5) Imposing fees on families that have more than two children to raise the public budget.6) Exporting a huge number of cattle infected by epidemic diseases and unauthorized vaccines.7) The second year of the secondary stage is just an experimental year and its grades will not be counted to the overall GPA of the students.8) The Ministry of Awqaf will fire Muezzins and Sheikhs after the success of unifying sermons in mosques.9) Upon applying the third stage of hepatitis C initiative, fabricated news about throwing medical trash in residential areas such as Mohandeseen have spread.10) The Ministry of Health set the special number (16010) for emergency, while the only verified number is (137).
June 12, 2019 15:45 UTC
File- Egypt's Foreign MinistryCAIRO – 12 June 2019: Egypt has strongly condemned an attack launched Wednesday morning by Yemen's Houthi militia against Abha Airport in Saudi Arabia which left 26 people of various nationalities injured.A statement issued by the Foreign Ministry said the government and people of Egypt stand in solidarity with the government and people of Saudi Arabia in the face all attempts to destabilize the kingdom.The Foreign Ministry wished the injured a speedy recovery, saying attacks on civilian airports represent a flagrant violation of international law.It appealed to the international community to work on confronting all terrorist acts that affect the stability of the region.In following statements, Bahrain, Yemen, UAE and other Arab countries condemned the attack.The Bahraini Ministry of Foreign Affairs said in a statement that it strongly condemns the terrorist attack by the Iran-backed Houthi militias on Saudi Arabia's Abha International Airport which injured a number of people including women and children.“The attack is a cowardly criminal act against innocent civilians, in contradiction with international humanitarian law and norms,” Bahrain News Agency reported.Spokesman for the Yemeni government Rageh Badi said that targeting Saudi Arabia's Abha International Airport by the Houthis is an “act of terror”.A military action is the only solution to end the terrorism of the Houthis, Al Arabiya news channel quoted Badi as saying.
June 12, 2019 15:45 UTC