The Central Bank of Egypt (CBE) is hosting a training course on “Application of Big Data Analysis and Artificial Intelligence to Central Banking” in collaboration with the COMESA Monetary Institute (CMI). The sessions cover the use of big data and AI in the banking and financial sectors, with a focus on the central banking functions. Lobna El-Bayyar, Assistant Sub-Governor for Business Technology Sector at the CBE, expressed the bank’s readiness for fruitful cooperation with COMESA central banks and highlighted its expertise in information technology. Lucas Njoroge, Director of the CMI, thanked the CBE for its continuous contribution to enhancing the skills of COMESA central banks. The participants also present possible solutions to these challenges as a practical training on big data analysis and AI.

Egypt has become a permanent member of BRICS, a group of major emerging economies that includes Brazil, Russia, India, China, and South Africa. Egypt will officially join the bloc on 1 January 2024, along with Saudi Arabia, Iran, UAE, Ethiopia and Argentina. The Egyptian cabinet approved on Wednesday the establishment of a BRICS unit in the cabinet, which will deal with cooperation issues with the BRICS bloc. The unit will consist of relevant ministers and officials who will work on enhancing Egypt’s relations with the other members of the group. The summit also welcomed the new members who will join the bloc in 2024.

While hailing their inclusion into BRICS, the new member countries called for a fairer and balanced world order and hoped the bloc would boost development. At the just-concluded 15th BRICS Summit, six countries, namely Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE), were officially invited to join BRICS. The sheer economic size brings huge economic, trade, and investment opportunities for its members. “Egypt’s accession to BRICS will increase its exports and investment opportunities as well as the inflows of foreign investment,” said Egyptian Finance Minister Mohamed Maait. Mulualem stressed that BRICS seeks to enhance Global South cooperation and fairer world governance, as well as participation in decision-making processes in global organizations like the IMF and World Bank.

Egypt - The government is expected to finalize the sale of a stake in Eastern Company, the largest tobacco producer in Egypt, by the first half of 2024, sources told Daily News Egypt. The Holding Company for Chemical Industries, which owns 50.95% of Eastern Company, has received several offers from foreign investors to buy up to 30% of its share in the company. The bidders include Japan Tobacco International (JTI), United Tobacco Company, which is majority-owned by Philip Morris International, and an investor from the Arab Gulf region. It will also have a say in the production and distribution of other foreign brands that are monopolized by Eastern Company, including JTI products. Eastern Company owns about 24% of United Tobacco Company and produces various local and foreign cigarette brands in Egypt.

Everyone seeks to reach the best version of themselves, and to make it happen, one needs to do a lot of inner work and reflection. As much as you need to work on developing your skills, and assessing your shortcomings and strengths, you also need a lot of self-care because you can never reach your full potential without first looking after your wellbeing. Personal development encompasses all the activities that you need to do to improve all aspects of your life such as seeking to boost your talent, wealth, and potential. It improves your personal life and your professional life too. By assessing yourself you get to know where your shortcomings are so you can work on improving them.

CAIRO – 30 August 2023: Egypt has expressed concerns pf the consecutive developments in Gabon after a group of military officers announced taking power and placing President Ali Bongo under arrest. In a statement, the Egyptian Ministry of Foreign Affairs called for all parties in Gabon to uphold national interests in order to preserve their countries’ security, stability and safety. Egypt looks forward for the restoration of stability in Gabon as soon as possible and the preservation of the safety of the brotherly Gabonese people. Earlier on Wednesday, a group of soldiers appeared on TV to announce cancelling the results of the Gabonese elections, taking power and dissolving state institutions in the Central African country. The overthrow would put an end to the tenure of Bongo, who has been in power for 14 years.

LONDON, Aug 29 (Reuters) - Manchester City striker Erling Haaland was named the Professional Footballers' Association (PFA) Player of the Year on Tuesday. The Norway international also achieved recognition in May, being awarded the titles of Premier League's Player of the Season and Football Writers' Association's Men's Player of the Year. Saka was named the PFA Young Player of the Year for the first time after receiving a nomination for the fourth season in a row. Aston Villa striker Rachel Daly secured the PFA Women's Players' Player of the Year award after finishing as the top scorer in the Women's Super League with 22 goals. Chelsea's Lauren James was named as the Young Player of the Year.

CAIRO – 30 August 2023: The Egyptian Gazette published Wednesday two decrees issued by Minister of Interior Mahmoud Tawfik to deport a Syrian national, and four Uzbeks "for the public interest." The Syrian is Abdel Salam Said al-Sheikh Zokour born on August 1, 1980, while the years of birth of the four Uzbeks are 1982, 1987, and 1990. The Ministry of Interior issued a decree in February 2022 to deport a Syrian national named Mostafa Mohamed al-Mohamed Zein "for the public interest." The ministry had issued a decree a month earlier to deport three foreigners "for reasons pertinent to general security," as reported by the Egyptian Gazette. Those are Mashad Ahmed Alaa El Din, born on May 10, 1997; Mohamed Hussein Mohamed Mozeibar, born on May 1, 1997; and Atino Baloogan, born on April 2, 1976.

It was also emphasized that cooperation between the BRICS group is based on mutual respect, and investment in the BRICS countries has increased by six times. The goals of the BRICS group revolve around promoting trade and investment and strengthening political and diplomatic cooperation among its member states. The BRICS group relies on the national currency in trade between its member states instead of the US dollar. The BRICS group has proven its presence in global politics and its ability to drive global economic growth and innovation. On the other hand, the BRICS group faces many challenges, including the great disparity in development and economy among its member states and major challenges in the field of security and political stability in some member states.

South Asia is the second most water-stressed region, with 74% of the population exposed to water stress. Water stress in these countries is mostly attributed to reduced supply combined with demand from domestic, agricultural, and industrial uses. For the MENA region, this means that 100% of the population will be living with very high water stress by 2050. When the water demand exceeds the amount available during a certain period or when poor water quality restricts its use, water stress occurs. Without better water management, population growth, economic development, and climate change will exacerbate water stress, WRI’s report warns.

Abu Dhabi Development Holding, a state-owned investment company in the UAE, has agreed to invest $800m to buy stakes in three Egyptian government companies, with a guaranteed return of 8% per year for four years, sources told Daily News Egypt. The guarantee will be reduced by the proceeds of exiting the investment through a public offering or a sale to a strategic investor. The deal was signed in July 2023, after a memorandum of terms and conditions was agreed upon between the parties. The three companies are among seven companies in the portfolio of the Pre-IPO Fund of the Sovereign Fund of Egypt (TSFE), which aims to prepare state-owned companies for listing on the stock market or selling to investors. The other four companies are Misr Technology Services, El Mostakbal for Urban Development, Misr Life Insurance, and Salhia Investment & Development Company.

The government is expected to finalize the sale of a stake in Eastern Company, the largest tobacco producer in Egypt, by the first half of 2024, sources told Daily News Egypt. The Holding Company for Chemical Industries, which owns 50.95% of Eastern Company, has received several offers from foreign investors to buy up to 30% of its share in the company. The bidders include Japan Tobacco International (JTI), United Tobacco Company, which is majority-owned by Philip Morris International, and an investor from the Arab Gulf region. The sources said that the bids of JTI and United Tobacco Company were around $700m each. Eastern Company owns about 24% of United Tobacco Company and produces various local and foreign cigarette brands in Egypt.

• It called on the world states to respect their obligations under the International Covenant on Civil and Political Rights, develop coexistence and tolerance strategies, and adopt legislation prohibiting incitement to hatred. - Logic does not accept the legislative understanding of freedoms to be without fixed frameworks! The conference was inaugurated by His Excellency the President of the Association of Islamic Universities, Sheikh Dr. Muhammad Al-Issa. Then the conference sessions followed, in which senior scholars and academics, including presidents of major universities in the Islamic world, delivered speeches tackling the theme of the conference, including details of its important topics. The conference was widely covered by Arab, Islamic, and international media.

CAIRO – 29 August 2023: Chairman of Sudan Transitional Sovereignty Council Abdel Fatah al-Burhan said Tuesday in a press conference in Egypt that the Sudanese Armed Forces aims for achieving democracy, holding elections, and not remaining in power. Burhan noted that the Sudanese Armed Forces was facing rebel groups that committed war crimes against civilians in Khartoum, Geneina, Nyala, and Zalingei. We want to make a real transitional period paving the way for the Sudanese people to hold free and fair elections to select a ruler," Burhan said. "There are lies that the Armed Forces is fostering the former regime, Islamist and terrorist groups. Those are a scarecrow to frighten the Sudanese people," the chairman of Sudan Transitional Sovereignty Council added.

CAIRO – 29 August 2023: President Abdel Fatah al-Sisi received Tuesday Chairman of Sudan Transitional Sovereignty Council Abdel Fatah al-Burhan at New Almain stressing Egypt's incessant support to the security, stability, unity, and safety of Sudan. The chief of state equally underscored that Egypt and Sudan share historic ties and strategic joint interests. On his side, Burhan commended the backing of Egypt to Sudan's safety and stability during that predicament, the country's hosting of Sudanese citizens, and its effective role in the region and Africa. The chief of the Sudan Transitional Sovereignty Council welcomed that pathway which had already begun by holding the first related summit in Egypt recently. The talks also covered ways of cooperation and coordination to support the Sudanese people, particularly through humanitarian and relief aid until Sudan overcomes the current crisis.