Egypt - The Egypt Education Platform of the EFG Hermes and the Sovereign Fund of Egypt (TSFE) is preparing to add two new schools under its management. Sources told Daily News Egypt that the platform is in advanced negotiations to manage two new schools in Cairo. The new schools will add about 3,000 students to the current capacity of about 21,000 students for a total of 20 schools and nurseries. The Platform, owned by TSFE and the Financial Group Hermes, acquired a majority stake in Selah Al-Telmeez, for an official EGP 646m, last January. Daily News Egypt

CAIRO – 4 July 2023: In a meeting with Prime Minister Mostafa Madbouli, CEO of the Egyptian Space Agency Sherif Sedky stated Tuesday that Egypt's MisrSat 2 will be launched from China in October. The remote sensing satellite was delivered to Egypt in March, as it was subject to tests at the agency's Assembly and Integration Center headquartered in the New Administrative Capital. Those included electrical tests, dynamic loading simulation of the satellite's space model, electromagnetic harmony test, simulation of space environment, and communication tests. The agency's CEO underlined the great experience accumulated by Egyptian cadres running such tests in collaboration with Chinese experts. That is in addition to creating an economic function of the Egyptian Space Agency by providing services in the fields of satellite design, assembly, integration, testing, and high-resolution imaging.

Minister of Finance Mohamed Maait has said that about $32bn worth of imported goods and products were released from various Egyptian ports during the past five months. He added that the automation of the customs system accelerates custom release procedures for goods, to achieve the strategic goal of transforming ports into transit ports only, not places for storage. This would effectively contribute to reducing production costs and stimulate the business community to expand investment activities. It would also protect markets from low-quality goods that do not conform to European and American specifications. The aim of that is to ensure the speedy release of goods.

Chairperson of the Egypt Healthcare Authority, General Supervisor of the Comprehensive Health Insurance and Decent Life projects at the Ministry of Health and Population, Ahmed El-Sobky, announced that the healthcare infrastructure in the governorates of the first phase of the Comprehensive Health Insurance System amounted to more than EGP 34bn. He indicated that the cost of the comprehensive health insurance project in the governorates of the first phase exceeded EGP 53bn. This coincided with the passage of 4 years since the launch of the trial operation of the comprehensive health insurance system from Port Said governorate, in early July 2019. He pointed out that the first phase includes the development of more than 50 hospitals and more than 300 family medicine centres and units in six governorates. El-Sobky also said that the completion of the comprehensive health insurance project and its extension to the rest of the governorates is a top priority for the state.

You are back to the office, sitting in front of your laptop, trying to figure out how and where to start. Because we feel your pain, here are some tips that can make the post-holiday work slump somehow better. You’ve been slacking off for day so you might feel overwhelmed just by thinking of all the things you need to get done. As you try to dive right back in after the holiday, you need to create a clear atmosphere for yourself. Work on one task at a time.

The Ministry of Immigration is preparing to launch the fourth edition of the Egyptian Expatriates conference, scheduled to be held on July 31. Gendy stressed the importance of linking immigration policies with the development process, by creating an attractive investment climate to encourage Egyptian expatriates to invest in Egypt. It also reviews achievements made from activating financial policy tools to encourage an increase in the rates of cash transfers in hard currency by Egyptian expatriates, to support achieving the goals of the sustainable development in Egypt. A presentation will be held on the establishment of the joint stock company for the investments of Egyptian expatriates in response to their demands in the previous 2022 edition of the conference. The second session, which addresses politics and education, discusses the importance of the participation of Egyptian expatriates in national dialogue.

CAIRO - 4 July 2023: Egypt and Turkey have announced the elevation of their diplomatic relations to the ambassador level. Egypt has nominated Amr Al-Hammamy as its ambassador to Ankara, while Turkey has nominated Salih Mutlu Şen as its ambassador to Cairo. This move comes as a result of the joint decision made by the two countries' leaders to improve their diplomatic relations. The decision to raise diplomatic relations between Egypt and Turkey is a significant development, given their recent history of strained relations. Turkey nominated Salih Mutlu Sen for the top diplomatic post in Cairo.

The Al-Ahly Club will provide buses to transport Ahly fans to Borg al-Arab stadium in Alexandria, to support Al-Ahly football team against al-Ismaili team, Al-Ahly club’s board of directors, headed by Mahmoud al-Khatib, announced. The gathering of Ahly fans will begin at 12 pm, in front of the gates of the club’s branch in Sheikh Zayed, and the buses will depart to Alexandria at 1:30 pm. Each fan should bring the match ticket and their “fan ID” card, according to Al-Ahly management’s announcement. Items that puts the safety of the fans and facilities at risk are prohibited, whether during travel or during the match. Ahly opens new branchAl-Ahly Sporting Club President Mahmoud al-Khatib revealed that the opening of the club’s branch in the Fifth Settlement will be June 1st.

Egypt’s Ministry of Petroleum and Mineral Resources revealed plans to invest $9bn in new refining and petrochemical projects. The projects, which are currently in the planning or construction phases, are expected to help Egypt increase its refining capacity and production of petrochemicals. The Egyptian ministry has also announced plans to invest in several other refining and petrochemical projects, including a coking complex and diesel production project at the Suez Petroleum Processing Company. The ministry’s investment in these projects is part of a broader strategy to develop Egypt’s petroleum refining industry and increase its production capacities. The ministry expects that the new refining and petrochemical projects will help Egypt reduce its reliance on imports and create jobs.

Three people were killed and 43 others were injured when two microbuses and a pickup truck collided on the Edfu-Marsa Alam road in Aswan. The accident killed a 39-year-old woman and a two-year-old girl, while 12 people are in serious condition. The Rescue Police and the Aswan ambulance facility received a notification with the accident, upon which twelve ambulances and police forces moved to the site of the accident. According to investigations, the microbuses were on the way transferring guests to attend a wedding. The bodies were transported to the Edfu morgue, and the injured were taken to the hospital to receive the necessary treatment.

Egypt and the Arab League have condemned Israeli military aggression on the Jenin refugee camp in the occupied West Bank. The Arab League statement warned of the “extremely dangerous repercussions” of the Israeli aggression on security and stability in Palestine and the region, and called on the international community to “immediately stop the Israeli aggression and provide protection for the Palestinian people.”The Arab League will hold an emergency meeting on Tuesday at the level of permanent representatives to discuss the Israeli escalation in Jenin. The Israeli army launched a large-scale military operation Sunday night and Monday against the Jenin refugee camp in the northern West Bank. More than a thousand soldiers and dozens of drones were taking part in the military operation on Jenin, Israel Army Radio said. The operation began with multiple airstrikes, which camp residents said included an air-launched missile, triggering firefights.

Last year, the UAE markets witnessed a series of IPOs that were the strongest in the history of financial markets in the region. The largest entities and financial brokerage companies are already present in the Arabian Gulf, led by EFG Hermes, CI Capital, Naeem Holding, and a number of major financial brokerage companies. He added that brokerage firms should focus on increasing their profitability margins from the Egyptian market, and not focus on seizing an arrangement in “ranking” but rather on the quality of service provided while raising commissions, explaining that competition between brokerage firms over commissions reduced the quality of services provided in the Egyptian market. He explained that the Egyptian market enjoys promising opportunities for several axes, including that it is the largest market with the number of individuals present in the region. Pioneers Securities Brokerage ranked 8th in terms of trading values in the main market, accounting for 3.6% of the market share.

Egyptian Transport Minister Kamel al-Wazir on Sunday announced the arrival of a new batch of railway passenger coaches, with a total of 15 air-conditioned third-class coaches coming from Hungary, to Alexandria Port. This batch brings the total of what has been shipped since the beginning of the signing of the deal with the Russian-Hungarian coalition Transmashholding to 785 vehicles (499 dynamic ventilation coaches – 286 third-class air-conditioned coaches). The rest of the coaches will arrive in batches according to the scheduled timetable. The deal comes as part of an agreement concluded between the Transport Ministry, represented by the Egyptian National Railways, and the Hungarian “Ganz-Mavag” company to manufacture and supply the rest of the remaining coaches out of the total deal of 1,300 new railway coaches. The Hungarian company will supply 50 new buffet coaches that will operate on air-conditioned third-class Russian trains, bringing the total coaches to 1350 – the largest deal in the history of the authority.

Odesa, Ukraine CNN — Vladimir Putin’s response to the armed Vladimir Putin’s response to the armed Wagner rebellion was “weak” and the Russian President is losing control of his own people, Ukrainian President Volodymyr Zelensky told CNN in an exclusive interview. It’s weak,” Zelensky told CNN’s Erin Burnett in Odesa, in an interview taped on Sunday. Zelensky told CNN he was “surprised” to see his meeting with Burns reported in the media. Speaking at a news conference in Kyiv Saturday, Zelensky said Prigozhin’s rebellion had “greatly affected Russian power on the battlefield” and could be beneficial to Ukraine’s counteroffensive. Asked whether there was any scenario under which there could be peace without Crimea, Zelensky said: “It will not be victory then.”

United Media Services invited famed blogger and travel dancer Noel Robinson to visit Aswan. Robinson performed his dazzling dances in the iconic landmarks of Aswan including Philae Temple.