The Central Bank of Egypt (CBE), which undertakes this task on behalf of the government, will offer T-bills and bonds worth EGP 341bn in July, more issuances worth EGP 425.75bn in August, and others worth EGP 340bn in September. According to the plan, the ministry is scheduled to offer T-bills worth EGP 295.5bn for a period of 91 days, EGP 243.5bn for a period of 182 days, EGP 224.5bn issuances for a period of 273 days, and EGP 310.5bn offer for 364 days. The banks operating in the Egyptian market are the largest sectors investing in bonds and treasury bills that the government offers periodically to cover the state budget deficit. These bonds and bills are offered through 15 banks that participate in“primary dealers” system in the“primary market”. The Ministry of Finance recently revealed that the volume of outstanding balances of local treasury bills and bonds amounted to about EGP 4.3trn in April 2023.

The first edition of Agro Egypt Expo, under the strategic sponsorship of the Chemicals and Fertilizers Export Council (CEC), kicked off Saturday 8 July and will continue until 11 July. Chairperson of CEC Khaled Abu Al-Makarem highlighted the Council’s keenness to provide a platform for the sector’s companies to showcase their products through their participation in the Agro Egypt Expo. Abu Al-Makarem added that the council contributes to financing and supporting small and micro companies that are members of the CEC to participate in specialised international exhibitions. He noted that the export council pays efforts in cooperation with Egyptian Commercial Service offices abroad, embassies abroad, and the Council’s counterparts to bring in delegations of buyers on the sidelines of the exhibition and hold bilateral meetings between investors from different countries of the world and their Egyptian counterparts. The CEC’S CEO Mohamed Mageed stated that Egypt’s exports of fertilizers to various countries of the world achieved a growth rate of approximately 42% in 2022, reaching a $3.38bn, compared to about $2.4bn in 2021.

The Korean Cultural Center in Egypt organized the 2023 edition of the Korean language Speech and Writing Contest for students of the King Sejong Institute. Oh Sungho, Director of the Korean Cultural Center, expressed his happiness at organizing the Contest, noting that the Korean language learners have been generally growing in Egypt as many young people enthusiastically seeks to learn and commanding it, while exploring Korean Culture. ‘The Center plans to expand the Korean language education through accepting more applicants in the seasonal courses while opening new branch of King Sejong Institute in another city’ he added. After the evaluation of the jury composed of experts in teaching the Korean language, the results of the Contest were announced. The King Sejong Institute, a government-funded Korean language centre for foreigners, was established in 2007, with only 13 centres in three countries.

The first group of Egyptian pilgrims of this year, 2023, boarding the plane to Saudi Arabia- press photoCAIRO – 8 July 2023: Egypt's flagship carrier (EgyptAir) operated 21 flights, on Saturday, to transport Muslim pilgrims from Saudi Arabia to the homeland. The company announced in a statement that 8 flights from Jeddah and 9 flights from Medina to the Cairo International Airport, in addition to two flights from Jeddah to Alexandria’s Burj Al Arab Airport, and two other flights from Jeddah to Bamako in Mali. EgyptAir started its air bridge for the return of the pilgrims from Saudi Arabia after performing the rituals of Hajj [the pilgrimage], on July 1. The Hajj ritual ends with the celebration of Eid Al-Adha (Feast of Sacrifices), which is the most significant feast for Muslims worldwide. The Adha honors the day when Prophet Ibrahim -peace be upon him- was ordered to sacrifice his son, Ismael, and because of his obedience, God substituted Ismael with a ram, and this day has become a feast for Muslims since that day.

The Council of Muslim Elders will hold the second edition of the Youth Peacemakers Forum in Geneva, Switzerland, on 5-14 July. A total of Fifty young men and women from various countries will participate in this forum to promote peace and understanding. The Council of Muslim Elders has stated that the forum is designed to be inclusive and welcoming to all. Jerry Pillay, the General Secretary of WCC, expressed his delight in being one of the three organizers of the Peace Makers Youth Forum. The Forum is an important initiative of the Council of Muslim Elders, based on their goal to promote and uphold peace, coexistence, and positive interaction.

ThreadsWith its simple black and white feed, and features that let you reply, love, quote and comment on other people’s “threads”, the similarities between Threads and Twitter are obvious. We’ve been here beforeIn October of last year, Twitter users looked on helplessly as Elon Musk became CEO. The ability to retain community in an app that provides a similar experience to Twitter is what makes Threads the biggest threat yet. Challenges aheadOf course, Twitter users may also be concerned about jumping from the frying pan into the fire. The letter alleges former Twitter employees hired by Meta were “deliberately assigned” to “develop, in a matter of months, Meta’s copycat ‘Threads’ app”.

1- Singapore AirlinesSingapore Airlines has been named Airline of the Year 2023 by the ATW Airline Industry Achievement Awards for the third time. It is part of the Lufthansa Group which includes airlines such as Austrian Airlines, Brussels Airlines, Eurowings and Swiss International Air Lines. It offers meals on board the luxury plane, and includes in-flight entertainment including movies, TV series, audio-books and music, in addition to pre-checking baggage for all flights. The product rating includes seats, amenities, food and beverages, in-flight entertainment, cleanliness, and more, while the service rating includes both cabin and ground personnel. Passengers can enjoy checked baggage, in-flight entertainment, fine dining, and other amenities included in every ticket.

Egypt - The international law firm Clyde & Co has been working on eight mergers, acquisitions, and restructuring deals in Egypt, since it opened an associated office in Cairo last February. He stressed that the office was launched mainly to serve foreign investors in the Middle East, especially Egypt, which is a promising economy. Sameh Dahroug, the partner in the corporate group at Barakat, Maher & Partners in association with Clyde & Co, and vice president of the mergers and acquisitions sector in the office, believes that Egypt enjoys security and political stability, and clear legislative policies. These are the most important files for investors, which have become more attractive in light of the infrastructure projects launched by the state. The recent office expansions included the recent opening of other offices in Milan, Bangkok, and Santiago.

Ethiopian Prime Minister Abiy Ahmed has said that his country is ready to resume negotiations with Egypt and Sudan on the Grand Ethiopian Renaissance Dam (GERD). Egypt and Sudan have been concerned about the GERD since its construction began in 2011. Ethiopia has completed three stages of filling the mega Nile River dam in 2020, 2021, and 2022. The upcoming negotiations between Ethiopia, Egypt, and Sudan will be a critical opportunity to find a solution to the GERD dispute. The stakes are high, as the GERD could have a significant impact on the water security of all three countries.

Assistant Foreign Minister for Multilateral Affairs and International Security Ehab Badawi held high-level talks here on Wednesday with Hungary’s Foreign Minister Péter Szijjártó and his accompanying delegation. The talks covered prominent issues of mutual concern, including multilateral international action and issues related to the UN system, such as peacekeeping and peacebuilding efforts, security council reforms, disarmament, and nuclear non-proliferation, the ministry posted on its official Facebook page. The two sides have also discussed threats to international security, and prospects of joint action for establishing international peace and security. Meanwhile, Badawi briefed the delegation on Egypt’s efforts to combat illegal migration to Europe through the Egyptian borders, as well as its counterterrorism efforts to ensure regional peace and stability, the ministry said.

Basil Rahmi, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), affirmed the agency’s interest in the state’s directions and providing various aspects of support to the small projects sector, in a way that contributes to improving the quality of local products and raising their competitive capabilities. The ceremony took place in the presence of Ahmed Samir, Minister of Trade and Industry; Hani Sonbol, CEO of the International Islamic Trade Finance Corporation; Amr Hazzaa, the Trade Minister Advisor for Funding Affairs and Developmental Projects: and Mary Kamel, Executive Director of the Foreign Trade Training Center. Rahmi said that the programme is a result of activating cooperation mechanisms with the International Islamic Corporation for Trade Finance and the Foreign Trade Training Center. It enhances the capabilities of competitive and export projects. He pointed out that MSMEDA, in cooperation with the Foreign Trade Training Center, organized, starting from January, 3 training courses for 70 trainees from project owners and workers in the field of export in various Egyptian agencies and companies concerned with the agricultural and industrial sectors.

CAIRO – 6 July 2023: President Abdel Fatah al-Sisi received Thursday a phone call from Italian Prime Minister Giorgia Meloni discussing the global food crisis, illegal migration, and ways of concerting international efforts on that front. The call also tackled updates on bilateral relations, and on the regional and international scenes. In a meeting with heads of Italian mining companies, including Barton International and BSM Industriali. President Abdel Fatah al-Sisi said in June that Egypt had been interested to lure in major Italian companies to the Egyptian sectors of mining and transformational industries. And, that is to increase the industrial added value in this sector.

Egypt - The dispute between the minority shareholder and management in Pepsi Bugshan Investment has finally come to an end. PepsiCo Light B.V. International owns 80% of Pepsi Bugshan and a Saudi investor represented in Bugshan Saudi Arabia owns the remaining 20%. The general assembly was held last June to vote on dismissing the board of directors of Pepsi Bugshan Investment, one of the PepsiCo Egypt companies, provided that the right to vote is limited to the minority shareholder, Bugshan. The sources noted that the minority shareholder who has the right to vote agreed to continue the current board of directors to end the two-year dispute with the management. PepsiCo Egypt is currently negotiating with the parent company in America to pump investments into the Egyptian market, which it hopes would exceed $500m over the next four years, according to Mohamed Shelbaya, managing director of PepsiCo Egypt.

President Abdel Fattah al-Sisi on Tuesday signed a law to sanction the final account of the Egyptian Agricultural Authority’s budget for fiscal year 2021-2022 at an amount of around LE 214.767 million. Sisi also inked laws to endorse the FY 2021-22 final account of the General Authority For Reconstruction Projects & Agricultural Development at around LE 29.16 billion. Another law was signed as well ratifying the final account of the Egyptian Survey Authority (ESA) at about LE 944.391 million. Meanwhile, the final account of the Industrial Development Authority was okayed at around LE 5.935 billion, the Egyptian General Petroleum Corporation at LE 940.744 billion, the Industrial and Mining Projects Authority (IMPA) at around LE 7.639 billion, and the General Organization for Government Printing Offices at around LE 708.290 million. Two other laws were also signed approving the final account of the Egyptian Electric Utility & Consumer Protection Regulatory Agency at about LE 157 million, and the final account of the Gas Regulatory Authority at about LE 53.311 million.

CAIRO - 6 July 2023: The Egyptian Ministry of Health and Population called on all citizens to go to the headquarters that provide services for the newly-launched 100 Days of healthy lives Campaign. Dr. Hossam Abdel Ghaffar, the official spokesman for the Ministry of Health and Population, explained that the total services provided by the "100 Days of Healthy lives" campaign since its launch on June 25 until now amounted to 3,694,040 services. The spokesperson added that the total services provided by the campaign Tuesday amounted to 399,152 services, including 10,000,683 services within the President's initiative to support women's health. Abdul Ghaffar said that the “100 Days of Healthy lives” campaign provided the services of the President’s initiative to examine cancerous tumors (prostate - colon - lung - cervix) by filling out 11,802 questionnaires, adding that the total number of visitors to the medical convoys yesterday amounted to 9,564 citizens. Abdul Ghaffar added that the “100 Days of Healthy lives” campaign provided awareness and health education services to 33,540 citizens through community communication teams deployed in public areas, clubs and malls in the governorates, to raise awareness and direct citizens to receive the services of public health initiatives provided by the campaign.