Karim Ghoneim, Chairperson of KMG EGYPT and Head of the Digital Economy and Technology Division of the Cairo Chamber of Commerce, has said that his company will start manufacturing smart watches and mobile phones in the company’s factory in the industrial zone in Sadat City, Menoufeya. He told Daily News Egypt that the company agreed with an Indian company to manufacture the latter’s products of smart watches and mobile accessories locally, and also agreed with another Indian company to manufacture its products of feature and smart mobile phones in the same factory. Last August, Etisal for Advanced Industries (EAI) announced that it signed an agreement with HMD, which owns Nokia, to manufacture about one million phones annually in the Egyptian market. In September 2022, the Chinese company OPPO announced its intention to establish a mobile factory in Egypt with investments of $30m and a production capacity of 4.5 million phones annually. It is planned that the establishment of the factory will begin in the last quarter of this year, through which modern versions of mobile devices manufactured by Samsung will be produced locally.

CAIRO – 19 August 2023: Egyptian Minister of Environment Yasmine Fouad called for synergy and unification of African efforts and voices in the upcoming UN Climate Conference (COP 28) due to convene this November in Dubai. Fouad’s call was stated during her participation in the nineteenth session of the African Ministerial Conference on the Environment (AMCEN) that was held in Addis Ababa from 14 to 18 August 2023. Participating as a main speaker in the “Climate Financing and Biodiversity Financing” session, Fouad highlighted the importance of the upcoming event of COP 28 in ensuring the mobilization of $20 billion financing for the Biodiversity Fund and not just focusing on obtaining $100 billion dollars in climate finance. Additionally, Yasmine Fouad held a number of bilateral meetings with her Kenyan counterpart, Hon. Soipan Tuya, and President-designate of COP 28 Sultan bin Ahmed Al Jaber.

CAIRO - 19 August 2023: President Abdel Fattah Al-Sisi issued decree Saturday pardoning some of received final prison sentences, including Activist Ahmed Douma. Representative Tariq Al-Khouli, a member of the Egyptian Presidential Pardon Committee, announced that President Abdel Fattah Al-Sisi used his constitutional powers and issued Decree 348 of 2023 pardoning some of those sentenced to final rulings, including Ahmed Saad Douma. In July 2022, member of Presidential Pardon Committee, Tareq El Awady announced that Egyptian imprisoned activists Alaa Abdel-Fattah, Khaled Lutfi, Ahmed Douma, Ziad Al-Alimi, some broadcasters on the Qatari-owned Al-Jazeera network, youth from the April 6 Movement and the accused in the Hope Cell are on the list of presidentially pardoned inmates. Douma had been accused of committing acts of violence, assaulting police officers and setting fire to buildings of the Cabinet, the former People's Assembly and the Shura Council, in addition to the Scientific Academy in December 2011.

Hayat Egypt, the local subsidiary of Hayat Holding, a global FMCG company headquartered in Türkiye, announced the launch of its latest products on the 10th anniversary of its operation, during a press conference on Wednesday. Hayat Egypt said it invested over $550m, inaugurated five production facilities, created more than 1,600 direct job opportunities and 900 indirect job opportunities, and introduced nine of its brands to the Egyptian consumer market, including Molfix, Bebem Natural, Molped, Papia, and Familia among others. Mustafa Tuncay, Regional Vice President of Hayat Middle East and Africa, said: “Hayat Egypt has five production facilities across two locations, at the 6th of October Industrial Park and the Industrial Park North-West of the Suez Economic Zone in Ain Sokhna. “At Hayat Egypt, we strive to offer high-quality and innovative products at competitive prices to cater to the diverse demands of all family members nationwide,” said Şenol Keserlioglu, General Manager of Hayat Egypt. “With a robust and growing portfolio of assets in Egypt, we do not only fulfill local demand but also export our products globally.

CNN — temporarily shuttered all four major Moscow airports early on Friday morning following an alleged drone strike on the capital city, its civil aviation authority said. Russia temporarily shuttered all four major Moscow airports early on Friday morning following an alleged drone strike on the capital city, its civil aviation authority said. Moscow Mayor Sergey Sobyanin said Friday that Russian air defenses shot down a drone over the capital city overnight. “The Kiev regime launched another terrorist attack using a drone against facilities in Moscow and Moscow region on August 18 at 4:00 Moscow time,” the ministry said in a statement, using the Russian spelling of the Ukrainian capital of Kyiv. Last month, Kyiv said Ukrainian forces carried out a drone strike in Moscow and warned more strikes were to come.

"But actually, this World Cup generated over 570 million U.S. dollars in revenues, and so we broke even. We didn't lose any money and we generated the second highest income of any sport, besides of course the men's World Cup, at a global stage." Not just equal pay in the World Cup, which is a slogan that comes up every now and then. "Equal pay in the World Cup, we are going in that direction already. England play Spain in the World Cup final in Sydney on Sunday to close the tournament.

CAIRO – 18 August 2023: Egypt has not yet reported any cases with the new coronavirus variant EG.5, affirmed Presidential Advisor for Health and Prevention Affairs Mohamed Awad Tag el Din. In statements to MENA posted on Friday, the presidential health advisor said that the World Health Organization has designated the new fast-spreading COVID strain as a "variant of interest." The new coronavirus subvariant, EG.5, has grabbed the interest of the world and the WHO, after increasing in Europe over the past weeks. The EG.5, a subvariant of the Omicron lineage, raised concerns after increasing globally to constitute 17.4 percent of the coronavirus cases by the end of July up from only 7.6 percent a month earlier. The world fears that the subvariant can become dominant around the world, causing an increase in the cases of coronavirus, only a few months after the WHO declared an end to COVID-19 as a public health emergency.

After 32 years, Mohamed Imam is taking on the challenge of remaking the iconic movie "Shams Elzanaty." Shams Elzanaty remake will take place 15 years before the events of the orginal film. Emam's Abou Nasab movie is expected to be released in August. The movie revolves in a comic framework around a doctor (Mohamed Emam) who gets into many conflicts due to lineage problems and the disputes that occur between families because of this issue. Beside Emam the movie stars Yasmine Sabry, Maged El Kidwany, Wafaa Amer, Hala Fakher among others.

CVC Argentina conducted a survey on Argentine tourist demand in its report focused on underrated “exotic destinations” such as Egypt, Turkey, South Africa and Morocco. The report’s recommended destinations in the months between October and February are Egypt, Turkey and Indonesia, which sees crowded demand for reservations in that period. The survey indicated that the countries generally chosen between September and October are Thailand, Dubai, India or the Maldives. Egypt, the report said, is synonymous with the historical pyramids of Giza. And Turkey, according to the report, is synonymous with mosques, the Grand Bazaar and the Spice Bazaar, which it says are a must-see, while taking a balloon trip promises an unforgettable experience witness in Turkey.

The Egyptian Minister of Trade and Industry Ahmed Samir held a meeting with the delegation of the Russian Novostal-M company working in the rebar industry. Samir explained that Novostal-M plans to establish a steel factory in Egypt and supply minerals for Egyptian projects, establish infrastructure for food warehouses, cooperate in the field of construction, and export nitrogen and fertilizers from Egypt to African countries. Samir added the company will contribute to increasing Egyptian exports of citrus and urea, which will be transported by the Russian company. Demchenko added that his company owns two factories in Russia and exports its products. The company exports 90 percent of its products and has several partners in Egypt, he said, pointing out that the company’s production of reinforcing steel amounts to about 2.8 million tons annually, exported to 60 countries.

In such cases, exercising at home can be the best scenario. So take a look at these steps which can help you to set up your own workout at home. Find a suitable place to workout comfortablyIt is preferable to have a particular place to exercise and keep your equipment. Workouts you can do at homeWarm-up: You should warm up before your workout to prevent injury, and improve your performance. You can use your body weight or free weights like dumbbells.

CAIRO - 16 August 2023: The Egyptian National Telecommunications Regulatory Authority is considering licensing mobile operators to launch the eSIM service in the near future. This step comes after all telecom companies have finished preparing their networks and conducting operational tests, to ensure that the service is fully provided to customers in the local market. The National Telecommunications Regulatory Authority is scheduled to announce, soon, the details of the regulatory determinants and technical requirements for launching the service in Egypt, to provide the latest technical and advanced solutions to improve the services provided to mobile users in Egypt. It also allows users to store multiple profiles on one device, with two or more numbers, and switch between them without any hassle. According to data from the Ministry of Communications and Information Technology, the number of mobile subscribers reached 102.9 million by the end of April 2023, compared to 96.27 million subscribers during the same month last year, with an annual growth rate of 6.78%, and compared to 102.77 million subscribers in March of this year, with a monthly growth rate of 0.13 %.

CAIRO - 16 August 2023: Minister of Higher Education Ayman Ashour underlined the depth of Egyptian-Somali relations, especially in the fields of higher education and scientific research. He made the remarks during a meeting with Somali Minister of Education, Culture and Higher Education Farah Sheikh Abdulqadir. The meeting tackled means of enhancing cooperation in the educational and cultural domains, especially the conditions of the Somali students at Egyptian universities. The talks touched on needed facilitation for Somali students in Egypt. The talks also reviewed cooperation between the Egyptian and Somali universities.

This came after the government intervened to solve the problem of the shortage of cigarettes and the doubling of their prices in the market. Aman told Daily News Egypt that the company has already begun to raise production in preparation for increasing distribution rates to contractors registered with the regulatory bodies. He stressed that the regulatory agencies are constantly communicating to solve the crisis, and take the necessary measures to maintain the price of cigarettes for the consumer. Eastern Company achieved total revenues of EGP 54.827bn for the nine-month period ending in March 2023, compared to EGP 51.466bn in the same period of the last fiscal year. Net sales amounted to EGP 14.609bn, compared to EGP 12.781bn in the same comparison period, with a growth rate of 14%, while the gross profit margin reached about 47%, compared to 45% during the comparison period.

Developed markets, especially the US, continued to outpace Emerging Markets significantly. Emerging Markets (EM) equities lagged developed markets significantlyIn contrast, Emerging Markets (EM) equities lagged developed markets significantly. Developed market equities have remained firm as US economic activity has shown resilience. Emerging market equities are slightly cheap compared to history but are unlikely to stand firm if developed market equities begin to weaken. Given that MENA is a dollar bull region, it should continue to outperform the broader Emerging Markets.