Egyptian Prime Minister Mostafa Madbouly held a meeting on Tuesday with key stakeholders to discuss the availability of food commodities in the markets and control prices. At the beginning of the meeting, the Prime Minister emphasized that there have been significant increases in the prices of food commodities in recent months. The meeting was called to coordinate efforts to ensure an abundance of various commodities in the markets and lower prices, especially for food commodities. The Prime Minister also said that the government will work with the Central Bank to provide the required foreign currency component and find solutions to reduce the prices of essential commodities. He affirmed that this is done in accordance with continuous directives to ensure the availability of essential commodities in appropriate quantities and prices.

CAIRO – 3 October 2023: President of Al Wafd Party Abdel Sanad Yamama underwent Tuesday medical tests at Sheikh Zayed Specialized Hospital lying in Giza's 6th of October City fulfilling the requirements to run in 2024 Presidential Election. President Abdel Fatah al-Sisi announced Monday he would run for a third term in the 2024 presidential election taking place in December. He made the announcement in the closing speech of the Homeland Story Conference that began Saturday in the New Administrative Capital. The voting will take place abroad on December 1-3, and domestically on December 10-12, while the result will be announced on December 18. The candidacy submission will open on October 5 and close on October 14 with four confirmed potential candidates until present.

CAIRO – 3 October 2023: Representatives of the National Election Authority (NEA) and the National Council for Persons with Disabilities met Tuesday to discuss facilitating the voting of disabled individuals in the 2024 Presidential Election scheduled for December. The measures to be taken include making room for wheelchairs, and making available ballot papers written in the Braille language as well as posters communicating instructions in the sign language. The voting will take place abroad on December 1-3, and domestically on December 10-12, while the result will be announced on December 18. The candidacy submission will open on October 5 and close on October 14 with four confirmed potential candidates until present, including incumbent President Abdel Fatah al-Sisi.

CAIRO - 3 October 2023: The Egyptian Ministry of Health and Population said that Grifols Egypt For Plasma Derivatives is the product of a partnership between the Egyptian government and Grifols, the international leader in the field of plasma medicines for more than 110 years. Grifols Egypt is committed to developing the plasma medicine industry and achieving self-sufficiency in these medicines of high importance to the health system in Egypt. The maximum frequency of plasma donation is once within two days, and no more than twice within a period of 7 days. The donation process takes about 45 minutes. Plasma donation is considered a safe process and medicines derived from plasma cannot be manufactured from any other source.

Oct 2 (Reuters) - Al-Ittihad's Asian Champions League match with Iran's Sepahan was called off on Monday after the Saudi team refused to leave their dressing-room due to a statue of an assassinated Iranian general being placed at the entrance to the pitch. The Asian Football Confederation (AFC) said the game had been "cancelled due to unanticipated and unforeseen circumstances". "The AFC reiterates its commitment towards ensuring the safety and security of the players, match officials, spectators, and all stakeholders involved," the body said in a statement. Relations between Iran and Saudi Arabia have long been strained and this year's Asian Champions League is the first since 2016 in which clubs from both nations have been permitted to play one another home and away. Matches between clubs from the two nations were previously played on neutral territory due to security concerns.

Egypt - The Sovereign Fund of Egypt (TSFE) is preparing El Mostakbal Urban Development (MIDAR) for an initial public offering (IPO) on the Egyptian Exchange (EGX) in the first half of 2024, sources told Daily News Egypt. The fund has recently added MIDAR to its Pre-IPO Fund, which aims to facilitate the sale of government stakes to strategic investors. The sources also said that the National Investment Bank and Banque Misr are planning to exit MIDAR as part of the IPO process. MIDAR is owned by Banque Misr (40%), the National Investment Bank (34.4%), the Arab Contractors Company (10.9%), the National Bank of Egypt (8.9%), and Misr Capital Company (5.6%). It is the main owner and developer of Mostaqbal City, which covers an area of about 11,000 feddan in the natural extension of New Cairo.

BP announced that it has secured a bid for an offshore exploration block in Egypt as part of the 2022 International Bid Round by the Egyptian Natural Gas Holding Company (EGAS). The block, named EGY-MED-E8 (East Port Said), is located in the Mediterranean Sea, about 50-90 km from Port Said city. BP has a 33% stake in the block, along with Qatar Energy (33%) and Eni (34%), which is the operator. The initial work program for the first exploration period includes drilling one exploration well and reprocessing existing seismic data. He also said that BP was taking advantage of exploration opportunities near existing infrastructure.

Egypt’s President Abdel Fattah Al-Sisi has announced his intention to run for a second term in the presidential election scheduled for December 2023. The registration period for the presidential candidates will run from 5 to 14 October. The National Elections Authority said that the presidential election will take place on 10-12 December for the domestic voters and on 1-3 December for the expatriate voters. Earlier, Egypt’s National Dialogue stressed the importance of ensuring the impartiality of the state institutions and bodies in the upcoming presidential election. The National Dialogue outlined several principles for conducting a pluralistic and competitive presidential election, which they considered essential for completing the democratic transition process in Egypt.

CAIRO – 2 October 2023: Bahraini Crown Prince Salman bin Hamad Al Khalifa asserted the depth of ties binding Egypt and Bahrain, noting that sisterly relations have been progressing over the past phase at the various levels. This came during Bahraini Crown Prince's welcoming of Egyptian Ambassador to Manama Yasser Shaaban as they reviewed the latest regional and international developments as well as issued of common interest. Prince Salman also praised the efforts exerted by the Egyptian ambassador to Bahrain during his four-year term in Manama to bolster bilateral ties between the two countries and open up to new strategic partnership that achieve the common interests of the two countries. He also expressed his best wishes to Ambassador Shaaban in his upcoming work mission. The Egyptian ambassador, for his part, expressed thanks and appreciation for the Bahraini CP over his support and backing to better enhance the Bahraini-Egyptian ties, wishing more progress and prosperity to the Bahraini Kingdom

CAIRO – 2 October 2023: Minister of Supply and Internal Trade Ali al-Moselhy stated Monday that Egypt currently had 14 logistic zones securing over 50,000 direct jobs and 160,000 indirect jobs. Assistant to the Minister of Supply and Internal Trade Ibrahim Ashmawy told press in August that the logistic zones and trade centers that would be established at Suez, Kafr El Sheikh, and Daqahliyah would create 15,000 direct and indirect jobs. Ashmawy's statements came during the signing ceremony of the projects' contracts worth LE2.4 billion, asserting that further investment opportunities would be available in the coming four years. That is within the government's plan to reduce consumer prices given that the value of transport makes up 10-15 percent of the final cost.

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The Sovereign Fund of Egypt (TSFE) and several local banks are considering acquiring shares in EgyCOP, a direct investment company for carbon certificates, according to a document issued by the Information and Decision Support Center (IDSC) of the Cabinet. It is also discussing the accreditation mechanism for companies working in carbon certificates, to contribute to the national plan to reduce carbon emissions through investing in emission offsetting projects. He said that the company is complementary to the voluntary carbon market that the Egyptian Stock Exchange intends to launch this year. He told DNE that the company is still conducting some studies on the carbon certificates market, and is waiting to obtain a license from the Financial Regulatory Authority (FRA). She said that there is a clear complementarity between the main goal of launching EgyCOP and the voluntary carbon market, as it is the first direct investment company operating in voluntary carbon markets.

Egyptian mobile operators are preparing to launch a trial run of the electronic SIM card (eSIM) technology, which allows customers to activate a data package from their service providers without using a physical SIM card. They said that the contracts are currently under final review and will be signed soon, followed by the trial run. An eSIM is a digital SIM card that is embedded inside the phone or the smart device. The eSIM technology offers several advantages, such as saving space, reducing costs, enhancing security, and facilitating international roaming. The media reported in September last year that the NTRA was negotiating with four international technology companies to develop the eSIM technology in Egypt for mobile phones, including the French iMedia.

The conference aims to review the achievements of Al-Sisi’s rule ahead of the presidential elections. The elections are scheduled to be held from 10 to 12 December, and the results are expected to be announced on 18 December. He said that the new Suez Canal was not meant to serve the economic path, but to restore the people’s self-belief. Al-Sisi said that the challenges that the Egyptian state faced in the past period were enough to make it unable to rise again, adding: “The problem of the state over the past years was that it lost confidence in itself. In fact, it can be said without exaggeration that they have not occurred for centuries in this country.”