If you think the ‘soft’ in ‘ghosting’ makes it any softer, wait until you know more about it. First things first, ghosting and soft ghosting are almost the same in terms of an end result. Soft Ghosting: You probably wouldn’t identify it because of how subtle and gradual it’s done. Don’t be quick to assume they are soft ghosting you when something really might be happening at their end. The soft ghosting in itself is your closure.
This is the third consecutive month that the core inflation rate has slowed down. The CBE also reported that the rural annual inflation increased to 42.6% in September 2023, from 41.9% in August 2023. The CBE statement provided a detailed breakdown of the price changes of various items that contributed to the monthly headline and core inflation rates. Prices of other core food items increased by 0.18% to monthly headline inflation. Prices of regulated items increased by 0.5%, contributing by 0.09% to monthly headline inflation.
Heads of multilateral development banks (MDBs) attending this year’s IMF/World Bank Annual Meetings in Morocco have pledged to strengthen their individual and collaborative actions to accelerate inclusive socioeconomic development. To achieve a greater impact, the institutions have agreed to explore innovations to scale up financing capacity, boost climate action, strengthen co-financing and catalyse private sector engagement. MDBs represented at Friday’s meeting included the African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, Council of Europe Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Islamic Development Bank, New Development Bank and the World Bank Group. “Instead, their leaders kept their nations afloat by taking on more debt, which turned out to be a very expensive life raft. The African Development Bank’s delegation to the World Bank/IMF Annual Meetings was led by the institution’s senior vice president Bajabulile Swazi Tshabalala, representing the president of the Bank Group, Akinwumi Adesina.
He also emphasized the need to de-escalate, as well as reject collective punishment policies such as siege, starvation, or displacement for civilians. In this regard, he stressed the need for de-escalation, as well as rejecting collective punishment policies such as siege, starvation, or displacement of civilians. He added that there are ongoing Egyptian efforts to contain the escalation in the Gaza Strip. French Foreign Minister Catherine Colonna expressed her country’s support for the principles of international law in protecting civilians in Gaza and urged restraint and rationality in Gaza. She said that France and Egypt share concerns about the seriousness of the situation in Gaza.
The Egyptian Commodities Exchange (EGYCOMEX) is planning to list new petroleum products on its platform, with a focus on nitrogen and phosphate fertilizers, according to a high-ranking source at EGYCOMEX. The source said that EGYCOMEX will begin with listing nitrogen fertilizers, which are widely used in Egypt and need price regulation. The source also said that phosphate fertilizers will be listed at a later stage, after evaluating the performance of nitrogen fertilizers on the platform. El Molla stressed the importance of cooperation between the Ministry and EGYCOMEX to list several products as soon as possible, as a first step towards benefiting all parties involved. Ashmawy expressed his readiness to provide all kinds of support for the success of listing and trading private petroleum products on EGYCOMEX’s platform.
Russia’s Vladimir Putin, whose on-going assault on Ukraine is another major point of global instability and division, is expected to attend. The last time he was in Beijing was for the Winter Olympics opening ceremony in early 2022. But the latest conflict may also spotlight limits to China’s ability to play a role in its resolution. Overseas development finance from China’s two major development banks has also decreased significantly since a peak in 2016, the report’s data show. Ten years on, Chinese decision makers are becoming “more selective and more calculating” about the benefits of their financing, she said.
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Saudi Arabia and the United Arab Emirates (UAE) plan to renew their deposits with the Central Bank of Egypt (CBE) that amount to more than $10bn and are due next year, sources close to the matter told Daily News Egypt on Saturday. The sources, who requested anonymity, said that the deposits are short-term and include about $5bn from Saudi Arabia and $5bn from the UAE. They said that an agreement has been reached between the two Gulf countries and Egypt to extend the deposits. The UAE deposits in the CBE total about $10.7bn, divided between $5.7bn long-term and $5bn short-term, while Qatar has deposited about $4bn, Saudi Arabia has deposited about $10.3bn, and Libya has deposited about $900m. A previous Bloomberg report stated that Qatar deposited $1bn in the CBE to finalize these deals.
CAIRO- 16 October 2023: French Foreign Minister Catherine Colonna said on Monday that Paris seconds ‘the need to protect all civilians. The Palestinian people must be protected, and their needs must be meet.”France’s FM added that the effects of the Palestinian-Israeli conflict should not fall on Egypt. “Egypt should not bear responsibilities that should not fall on its shoulders.”Colonna also affirmed that the aid must be allowed to cross to the civilians in Gaza Stripe. During her statements in Cairo, Colonna aid that France allocated Є10 million in humanitarian aid to UNRWA, the Red Cross and humanitarian organizations for the favor of Palestinian people. ‘I thank all the capitals of the world and the people who expressed their solidarity with us’, Shtayyeh said.
CAIRO - 16 October 2023: The Egyptian National Security Council was in 2014 in accordance with Article 205 of the Egyptian Constitution. Below are basic information about the council:The National Security Council is headed by the President. The Chief of General Intelligence and the Chairman of the Defense and National Security Committee of the House of Representatives are also members. According to the law, the Council has the following powers:* Approval of strategies to achieve the country’s security after preparing them in agreement with the relevant authorities in the country. * Directing foreign policies and international cooperation in areas of interest to Egyptian national security.
CAIRO – 15 October 2023: Italian newspaper Corriere della Sera reported Friday that Human Rights Researcher Patrick Zaki was banned from attending a peace conference held in Brescia after he posted on Facebook describing Israeli Prime Minister as "a serial killer." The same conference had given Zaki, researcher at the University of Bologna and who spent almost two years at Egyptian prisons, a peace award, which is now subject to calls of revocation. The Palestinian Ministry of Health stated Sunday that the numbers of deaths and injuries since October 7 amounted to 2,384 and 10,150, respectively. As for the Israeli side, deaths and injuries exceed 1,000 and 3,000, respectively. In addition, more than 150 have been held hostages by Hamas, which launched an offensive against Israeli settlements on October 7.
Egyptian Prime Minister Mostafa Madbouly held a meeting on Sunday to follow up on the implementation of an initiative to reduce prices of basic goods. The goal of the initiative is to reduce inflation and create more stability in prices, so that citizens feel a real decrease in the prices of basic goods. The ministry is continuing to strengthen strategic stocks of basic goods, in accordance with the directives of President Abdel Fattah el-Sisi. Regarding rice, the minister said that 250,000 tons of rice have been announced for import to reinforce strategic stocks for 6 months. For his part, Minister of Local Development Amna said that various leaders in governorates across the country are regularly monitoring the implementation of the initiative to reduce the prices of basic goods on the ground.
CARO - 15 October 2023: Palestinian Ambassador to Egypt Diab Al-Louh said at a press conference on Sunday that the Palestinian authority totally rejects deporting Palestinians from their homes to other places inside Gaza or in Egypt. The Palestinian ambassador thanked President El-Sisi and Egypt for backing the Palestinian people. “From the first moment of this brutal aggression, Egypt has put all its political and diplomatic weight into stopping this brutal war on Gaza. “We will continue to reject all plans to displace Palestinians to Egypt or any other place. Palestine has 2,329 martyrs and 9,042 injured Palestinians in the Gaza Strip, while the number of martyrs reached 55 people and about 1,100 were injured in the West Bank.
Sherif Lokman, Sub Governor of the Central Bank of Egypt (CBE) for Financial Inclusion, said that Egypt has made significant progress in enhancing financial inclusion, thanks to the cooperation between CBE and various local and international partners. He said that the rate of financial inclusion in Egypt has increased remarkably in the past seven years. This means that the growth rate of financial inclusion from June 2016 to June 2023 was 160.8%. Lokman also said that CBE considers financial education a top priority, as it plays a major role as a regulator and promoter of financial inclusion. He also noted that one of the main objectives of financial inclusion is to enhance the financial literacy of the population.
Daily News Egypt has learned from informed sources that the government has started to speed up the release of production inputs for food product manufacturers from ports this week. This comes after an agreement between the government, represented by the Central Bank of Egypt (CBE), and the manufacturers. Moreover, the government will clear the shipments at customs, on the condition that manufacturers agree to lower the prices of essential foodstuffs. Several companies that produce basic materials have decided to cut their prices, especially Juhayna Food Industries, which lowered the price of its cheapest milk “Bekheiro” as a vital item for consumers. Obour Land Food Industries reduced the prices of its cheese and dairy products by 13% to 15%.
