CAIRO – 27 October 2023: The United Nations General Assembly (UNGA) adopted on Friday an Arab non-binding resolution calling for an immediate humanitarian truce in the Gaza Strip. A total of 120 countries voted in favor of the decision, while only 14 countries voted against it and 45 other countries abstained during an emergency session for the UNGA. The countries that voted against the resolution include Israel, the United States, Guatemala, Croatia, Czechia, Paraguay, Marshall Islands, Hungary, Tonga, Papua New Guinea and Micronesia.

Deputy Minister of Foreign Affairs of Russia Sergey Ryabkov and Deputy Ministers of Foreign Affairs of Egypt R. Etreby, H. Fahmy and I. Badawi held a meeting in Cairo. The main topic of discussion was cooperation within the BRICS framework, due to the upcoming accession of Egypt to the association. This was reported by the Russian Ministry of Foreign Affairs. Thus, the visit of the Deputy Minister of Foreign Affairs of the Russian Federation to Cairo confirmed the readiness of Russia and Egypt to strengthen cooperation within the BRICS framework and work together to ensure international security. Russia: Strong supporter of BRICS expansionBRICS has become increasingly influential in recent years, as its members have emerged as major players in the global economy.

CAIRO - 27 October 2023: France announced that it will send a special flight on Saturday for Egypt to transport 54 tons of emergency humanitarian aid for Palestinian civilians in the Gaza Strip, media outlets reported. The French Ministry of Foreign Affairs said that the shipment, which will be handed over to the Egyptian Red Crescent, includes emergency medical kits, medicines, hospital equipment, emergency ventilators, solar lamps, generators and tents.

CAIRO – 27 October 2023: During Egyptian-Qatari mediation negotiates, Israel has agreed to a one-day truce on the condition that it should be under international supervision, sources said, Friday. The well-informed sources said that Egypt and Qatar mediated negotiations regarding Israeli captives held by Hamas. Hamas also was reported to request a truce for 5 days in exchange for less than 100 captives held by it along with other factions. As noticeable progress in negotiations on a humanitarian truce in Gaza that may last for hours or days is taking place, Hamas demanded the release of Palestinian prisoners and a long-term truce. According to Al Qahera news channel there is high-level Egyptian-Qatari coordination with all parties, trying to reach a long-term truce in Gaza.

The Egyptian Federation for Micro, Small, and Medium Enterprise Funding, led by Mona Zulficar, announced that the banking sector provided EGP 36.1bn in financing to 810,000 micro-projects until June 2023. The financing companies provided financing services to about 1.8 million customers worth EGP 26.3bn. The banking system pumped financing of about EGP 36.1bn to 810,000 customers. Zulficar also said that six new members obtained a license from FRA to provide financing services for SMEs. They are Tasahil Finance Company, Aman, Tamweeli, AUR Microfinance, Waseela Microfinance, Kredit Microfinance, and El Mobadara Microfinance.

He praised the history of the Palestinian resistance, which dates back to 1886, and said that victory was near. He added that Egyptian artists have always been in solidarity with the Arab causes, such as Iraq and Lebanon, and that they are now with Palestine. He said that all Egyptians must stand behind the Palestinian cause until victory. He added that all aspects of life will support the Palestinian cause, which will inevitably triumph. Hassan Al-Adl: Palestinian cause will triumphActor Hassan Al-Adl said: The Palestinian cause will triumph and the Zionist military machine will be defeated with all its equipment.

The People and Banks Conference, held on Wednesday under the title “The Road to Sustainability and the Green Economy,” featured several banking leaders who highlighted the vital role of the Egyptian banking sector in achieving the state’s vision of transitioning to a green economy. He added that this is in cooperation with the Egyptian government, which gives great importance to financing green projects. Ghanem pointed out that the agricultural sector has received the largest share of sustainable financing, followed by the healthcare sector. He affirmed that the banking sector has played a significant role in promoting sustainable development and the green economy, as the Central Bank has set guidelines for directing financing to more sustainable economic activities. He explained that sustainability cannot be achieved without the banking sector, which directs financing to environmentally friendly green projects.

It aligns with Egypt Vision 2030, which aims to reduce the country’s dependence on imports and increase local production and exports. The SVEi factory has started producing two of Oraimo’s best-selling products: the Oraimo Watch Lite and the FreePods 3C earphones. These are the first smart devices to be locally made in Egypt and they will be exported to other African countries. According to the national manager of Oraimo, the brand’s investment in local manufacturing reflects its deep confidence in Egypt’s potential to become a prosperous nation. He said: “We are incredibly proud to say that our smartwatch and earphones are made in Egypt, by Egyptians, and for Africa.

Egypt’s President Abdel Fattah Al-Sisi has emphasised that the only way to achieve a lasting solution to the Palestinian issue is through diplomatic efforts that lead to a two-state solution and the establishment of a Palestinian state with Jerusalem as its capital. In his speech during an “inspection of war” operation on Wednesday, the president said that Gaza is suffering from a lack of fuel, water, and medical supplies and that Egypt is working to ease the plight of the people in the Strip. He added that his country is playing a constructive role in de-escalating the situation in Gaza, stopping the fire, and reducing the bloodshed. Al-Araishi stated that no one can threaten the interests or capabilities of Egypt and that Egypt’s destiny is to live in a region full of turmoil and challenges. He also highlighted the qualitative shift in the organization, training, and armament of the Egyptian army in recent years, which has increased its strength and efficiency.

It also considered attempts to drive Palestinians out of their lands a flagrant breach of international law and a war crime. Well-informed sources have reported intensified coordination between Egypt and Qatar to ensure the release of the captives taken by Hamas in the Gaza Strip. Hamas also freed the release comes days after two American women, Judith Tai Raanan and her daughter Natalie Shoshana Raanan, were freed. Hamas also released on Friday two American women, Judith Tai Raanan and her daughter Natalie Shoshana Raanan. Macron said France will work with Egypt to release all captives taken by Hamas.

Cairo – October 26, 2023: The Egyptian Exchange (EGX) continued its green streak to end the week on a positive note, buoyed by yesterday’s historic session which saw all three main indices soaring with 3.36–3.64 percent gains each. Benchmark index recorded growth of .56 percent to end the session at 23,262.27 points after a strong 3.37 percent uptick on Wednesday trading. Thursday trading saw 1.14 billion shares exchanged with a turnover of LE 5.09 billion. Trading on securities saw Egyptian and Arab investors as net sellers with LE 12 million and LE 155 million, respectively. The top gains of the session were by the General Company for Land Reclamation, Development & Reconstruction which surged by 20 percent, Wadi Kom Ombo Land Reclamation by 19.99 percent, and Asek Company for Mining – Ascom by 19.97 percent.

CAIRO - 26 October 2023: The First Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, Khairat Umarov, announced on Thursday that his country is cooperating with the Egyptian government in evacuating its nationals from the Gaza Strip. The official Kazinform news agency quoted Umarov as saying on the sidelines of the Senate meeting in Astana today: “The situation is very complex. We are working with the Egyptian government and with "All the potential people who could solve these issues." He added that information is regularly updated about the number of Kazakh citizens residing in the Gaza Strip, saying: “I think it is too early to talk about these numbers today. As soon as the corridor is opened, our citizens will be evacuated from there.”The official spokesman for the Kazakh Foreign Ministry, Aybek Smadyarov, had said earlier that there are more than 100 Kazakh citizens in the Gaza Strip now.

These two events have disrupted the global trade movement, which is already facing challenges from inflation, interest rates, trade wars, and supply chain issues. These are some of the factors that have contributed to the decline in global trade volume in July 2023. Global trade rates are affected by the interplay of these and other factors and vary from one country to another and from one sector to another. Some assert that the return of global trade to pre-pandemic levels is linked to the extent of recovery in China. Therefore, continuing to use these tools will weaken the trade volume further and threaten to have significantly disastrous results.

The president's statements came during his attendance of the “War Inspection Lining” of the 4th Armor Division in Suez. Faith entails integrity, honor, and fidelity,” President Sisi addressing the Egyptian people. In the past days, around 200 trucks carrying humanitarian aid to Gaza Strip were waiting to enter through Rafah Border Crossing between Egypt and Gaza Strip. Of those, 55 trucks entered on Saturday (20 trucks, Sunday (14 trucks), and Monday (21 trucks), as announced by the Egyptian Red Crescent. The Egyptian civil society is contributing by 2,000 tons, while other countries, delivering through Egypt, have provided around 200 tons.

Egypt’s Minister of Electricity and Renewable Energy, Mohamed Shaker, has said that the country is shifting its energy sector from gas to renewable sources, such as wind and solar, to take advantage of its strategic location for accessing global markets and exporting green products. He said that the energy axis of the “NWFE” programme, in collaboration with development partners, aims to reduce greenhouse gas emissions by 17 million tonnes of carbon dioxide annually. He added that the electricity sector has made significant progress in attracting renewable energy investments as part of a plan to involve the private sector in increasing renewable energy capacity by about 10 gigawatts. He also said that the necessary financing has been secured by development partners within the energy axis to implement these projects, and financial closure agreements have been signed. He pointed out that the NWFE programme’s energy axis includes shutting down 5-gigawatt thermal power stations, and by the first quarter of 2024, 1-gigawatt power stations will be shut down.