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.

Mohamed Maait, Minister of Finance, said that the third batch of the sixth phase of the lump-sum export subsidy payment initiative will start on Wednesday and Thursday. The amount will be disbursed to 744 exporting companies, with the total sum amounting to EGP 4bn. The value of the subsidy dues for the entire sixth phase is approximately EGP 12bn for 1,558 companies. He added that the Ministry of Finance disbursed about EGP 8bn to more than 800 exporting companies, in the first and second installments of the sixth phase of the immediate cash payment initiative, with the same previous controls. The Minister pointed out that the same export subsidy rules for the fiscal year 2021/2022 will be applied on the export subsidy dues for the fiscal year 2022/2023.

The Starscrapers Awards Drama Edition will kick off on August 24, 2023, in the picturesque city of New Alamein. The famed "Cairo Drama Festival" is finally back in its second and unique edition, taking place as part of the first-of-its-kind "Starscrapers" Awards mega event, celebrating "60 years of Drama." With the assistance of the most brilliant minds in the industry, CDF's exceptional edition will be honoring the top leading drama works of 2023. Additionally, it will withhold numerous surprises. On the occasion that the first Starscrapers awards ceremony will be hosting and celebrating CDF’s second edition, a press conference was held in New Alamein festival with the attendance of CDF head Yehia El Fakharany, CDF head of jury Elham Shahina, Actors' Syndicate head Ashraf Zaki, POD vice chairman Gamal Salah.

Prime Minister Mostafa Madbouly followed the business activity of the Eastern Company for tobacco products in a Monday meeting at the government headquarters in New el-Alamein City. The meeting dealt with developments in providing the raw materials necessary for the manufacturing operations of the company’s various products, especially cigarettes. A source familiar with the Eastern Company said that the cabinet meeting discussed the government’s preparations to increase the company’s documentary credits to increase the daily production quantities of cigarettes. The source added, speaking on condition of anonymity, that the company intends to increase production, and has the ability to increase production by the equivalent of 50 million cigarettes, or five million packs of cigarettes, to reduce price hikes. The head of tobacco division at the Egyptian Federation of Industries Ibrahim Imbaby, said that a breakthrough in the cigarettes crisis depends on issuing the tax legislation delayed since June.

The world is witnessing the steady rise of a new multipolar world order, said Russian President Vladimir Putin Tuesday during the 11th Moscow Conference on International Security. Discussing the global shift towards multipolarity, Putin said “Most countries are ready to assert their sovereignty and defend their national interests, traditions, culture.”The Russian leader pointed out that a multipolar world order will ultimately contribute to “steady and sustainable global development,” and help solve pressing social, economic, technological and environmental challenges. He further noted that those who currently provoke new conflicts around the world and try to escalate existing ones are “seeking to benefit from human tragedy” by dividing nations, enforcing obedience, and exploiting the resources of other states. NATO member states are actively building up their offensive potential, and are using military and non-military means to exert pressure on other states, he noted. By pumping billions of dollars into Ukraine, supplying Kyiv with equipment, and providing ongoing military assistance, Western states are further escalating the conflict and drawing other countries into it, he said.

The date for the al-Mawlid al-Nabawy 2023 (Prophet Mohammed’s birthday) holiday is set on Wednesday, the 12th of the hijri month of Rabi’ al-Awwal, which corresponds to September 27, 2023, according to an official announcement from the Presidency on Facebook. Muslims in various parts of the world celebrate the Mawlid holiday as an official paid holiday. No statements were issued by the Cabinet about having Thursday as a holiday instead of Wednesday for a long weekend. The Hijri, Lunar or Islamic calendar depends on the lunar cycle to determine the months, and some Arab countries such as Saudi Arabia have take it as the official calendar of the state. Celebrations of the Prophet’s birthday differ from one Islamic country to another, according to customs and traditions, all Muslims consider a day of peace and love as it is the day of the Prophet’s birth.

Egypt - Daily News Egypt learned that Al-Mansour Holding completed a restructure of its shares in Metro Market chain, in a deal valued at about EGP 118m. The sources added that the restructure process included a transfer of Metro Market to one of the group’s subsidiaries. The company conducted EGP 368.5m worth of transactions on 25.7 million shares through 72 operations, capturing a market share of 12.4%. Al-Mansour Group owns Al-Mansour Holding for Financial Investments, the largest distribution group in Egypt, providing a range of consumer goods through 130,000 outlets across the country and employing more than 8,000 people. According to the website, Al-Mansour Holding Company for Financial Investments was established in 1992, with a combined revenue of about $7.5bn.

On Tuesday, the Egyptian Foreign Minister, Sameh Shoukry, welcomed his Saudi counterpart, Prince Faisal bin Farhan, at the Foreign Ministry's headquarters in Tahrir Palace. The meeting was announced by the official spokesperson for the Egyptian Foreign Ministry, Ambassador Ahmed Abu Zeid, via the platform "X," previously known as "Twitter." The spokesperson for the Foreign Ministry affirmed that the two ministers explored ways to consolidate the bilateral relations between the two fraternal nations. He also mentioned that they discussed coordination and exchanged views on various issues and crises facing the region.

The agreement was in light of development cooperation efforts between the Arab Republic of Egypt and the United Arab Emirates. The International Cooperation Ministry released Q&As reviewing the efforts to enhance food security and the international partnerships concluded by the Ministry of International Cooperation over the past period. With the outbreak of the Russian-Ukrainian crisis, what are the most prominent measures taken to enhance food security? What are the most prominent efforts to enhance food security during the current year? Within the framework of Egypt's presidency of COP27, what are the most prominent pillars of international partnerships to enhance food security?