the indian prime minister's visit to egypt comes on the heels of the president's state visit to new delhi last january. it also coincides with the 75th anniversary of the establishment of diplomatic relations between egypt and india. after the meeting, president al-sisi awarded the order of the nile, egypt's highest honour, to india's prime minister. analysts praised prime minister narendra modi's two-day visit to egypt, which boosts indian investment in cairo. along with bilateral talks and various trade agreements, modi meets the small indian community and is expected to meet some of egypt's most prominent leaders.

The Central Agency for Public Mobilization and Statistics (CAPMAS) has released data showing that Egypt’s manufacturing and extractive industries index decreased by 8.44% in April 2023. The index, which excludes crude oil and petroleum products, reached 99.33 in April 2023, compared to 108.49 in March 2023. The decrease was driven by a decline in the manufacture of electrical equipment, which fell by 25.73%, and the manufacture of basic pharmaceutical products and pharmaceutical preparations, which fell by 20.66%. CAPMAS attributed the decrease in the manufacturing and extractive industries index to a number of factors, including the lack of raw materials, the availability of stocks of products, and the impact of the war in Ukraine. The agency said that it will continue to monitor the situation and provide updates on the index in the coming months.

Rami El Dokani, Chairperson of the Egyptian Exchange (EGX), has expected that TAQA Arabia, a subsidiary of Qalaa Holdings Group, will be traded on the stock market starting from July. He added that TAQA Arabia is in the final stages of offering, as reported by Daily News Egypt this week. At the beginning of this month, the Egyptian Exchange (EGX) Listing Committee agreed to temporarily list the shares of TAQA Arabia, under the ticker symbol (TAQA.CA). TAQA Arabia is available for direct trading without offering, with an issued capital of EGP 676.2m, distributed over 1.35 billion shares, with a nominal value of EGP 0.50. TAQA Arabia builds, runs, and upkeeps energy infrastructure, including gas transmission and distribution, in eight Egyptian governorates.

This agreement exempts Egypt from paying debts worth €54m to be used to finance the transition to green energy in Egypt instead. The project is to develop the transmission network to integrate renewable energies into the electricity transmission network and to strengthen it. The project will be implemented by the Egyptian Electricity Transmission Company. German Ambassador to Cairo Frank Hartmann stated, “We are pleased to support Egypt on its path to energy transition through debt swaps. This would allow new investments in energy infrastructure and pave the way towards a green, liveable future for all Egyptians.

The Indian Prime Minister’s visit to Egypt comes on the heels of the President’s state visit to New Delhi last January. It also coincides with the 75th anniversary of the establishment of diplomatic relations between Egypt and India. After the meeting, President Al-Sisi awarded the Order of the Nile, Egypt’s highest honour, to India’s Prime Minister. The report indicated that this is Prime Minister Modi’s first visit to Egypt and the first by an Indian Prime Minister to Cairo since 1997. Along with bilateral talks and various trade agreements, Modi meets the small Indian community and is expected to meet some of Egypt’s most prominent leaders.

Minister of Supply and Internal Trade Ali al-Moselhy assured Monday that Egypt is completely safe in terms of food and supply commodities during the coming period. Moselhy said that Egypt’s strategic reserves of wheat are sufficient for six months alongside its reserves of vegetable oils, lasting up to four months. He added that Egypt has bought 3.6 million tons of local wheat so far, and that the nation’s strategic reserves of rice are sufficient for 3.3 months. He said that large quantities of fresh and chilled meat are being pumped into the outlets of consumer complexes, as part of the ministry’s preparations for Eid al-Adha. And Moselhy said that the opening of the financial credit of US$10 million contributed to increasing the quantities of contracted livestock from Djibouti to 12,000 heads.

So you met someone, felt there is some kind of chemistry and then they asked you on a date. You then get dressed nicely, keep thinking how it will go, then, to your surprise, and contrary to your expectations, your date is boring and dull, as if there were no chemistry at all. Of all the bad scenarios that can go wrong on a date, a boring one is tough to handle. It is common that at that point you begin to wonder ‘Is it me?’ or ‘Am I the boring one here?’. In the end, you need also to understand that where you choose to spend this date plays a vital role.

Prime Minister of India Narendra Modi asserted that the setting up of the India Unit in the Egyptian cabinet indicates the priority given to India-Egypt ties. In a set of tweets, he added “Today in Cairo, I met this Unit. PM Mostafa Madbouly and other esteemed Ministers were present in the meeting.”He also said “My meeting with Mr Hassan Allam, the CEO of Hassan Allam Holding Company, was a fruitful one. In addition to topics related to the economy and investments, I really enjoyed hearing his passion towards preserving cultural heritage in Egypt.”

CAIRO – 25 June 2023: President Abdel Fatah al-Sisi received Sunday at Al Itihadiyah Presidential Palace Indian Prime Minister Narendra Modi who is on a two-day visit to Egypt that started Saturday. President Sisi decorated Prime Minister Modi with the "Order of the Nile," which is the highest civilian award in Egypt. The two leaders signed a joint declaration to elevate relations to the level of strategic partnership. In a related context, the Indian prime minister invited President Sisi to attend the G20 Summit to be hosted in New Delhi in September 2023. The Indian prime minister arrived in Cairo on Saturday and co-chaired with Prime Minister Mostafa Madbouli a roundtable discussion.

CAIRO - 25 June 2023: Egypt’s Minister of Trade and Industry Ahmed Samir announced yesterday the issuance of certificates assistance of the first tranche of the sixth phase of the immediate cash payment initiative with a total LE 8.7 billion. The net amount will be around LE 7.4 billion. The immediate cash payment initiative’s certificates aim to support exporters and this is within the framework of implementing the initiative in cooperation with the Ministry of Finance. Earlier this year, the Ministry of Finance launched the sixth phase of the immediate cash payment initiative with planned investments worth LE 10 billion. Earlier this year, the finance ministry also allocated LE 28 billion to support exports in the next fiscal year, up from the LE 8 billion previously allocated.

PM Modi to visit Al-Hakim mosque in Egypt today 25 June, 2023 | Priya RaniTop NewsPM's visit to Egypt's Al-Hakim Mosque is a landmark of religious and historical significancePrime Minister’s Narendra Modi to visit Egypt’s renowned Al-Hakim Mosque on June 25th. The Al-Hakim Mosque, a landmark of religious and historical significance that represents the blending of Indian and Egyptian cultures, has a long history. During his visit, Prime Minister Modi will also pay tribute to the brave sacrifices made by Indian soldiers during the First World War at the Heliopolis War Grave Cemetery. Another important aspect of the visit is the Prime Minister’s interaction with the Indian diaspora residing in Egypt. As part of his two-day visit, the Prime Minister engaged in productive discussions with thought leaders in Egypt.

Egypt and Norway back in May signed an agreement to jointly develop a new green methanol production project, which is the first of its kind in Egypt and the Middle East. Nine key points about the project:1- The new project aims to produce 40,000 thousand tons annually of green methanol, which can be increased to 200,000 tons annually. 2- The project comes as part of Egypt’s overall goal towards transitioning to green production, which opens new export horizons for the Egyptian petrochemical sector of green products. 4- Green methanol is a clean fuel. 5- The project, which Scatec attaches great importance to, will help in placing Egypt on the global map of countries producing green fuel to supply ships.

Egypt actor and singer Tamer Hosny posted the official trailer for his new movie “Tag”, through his official channel on YouTube, which is set to release during the Eid al-Adha 2023 season. Hosny appeared in the trailer as the titular “Tag”, who discovers that he has a supernatural power that enables him to do unnatural things, such as flying in the air and penetrating walls. “Tag” is also set to star Dina al-Sherbiny, Hala Fakher, singer Sandy, and a number of other guests of honor. The film, directed by Sarah Wafik, features comedy, romance and thrills, with Hosny also portraying the hero’s twin brother “Haroun” as they get into a variety of misadventures.

Egyptian exports to India recorded a value of $1.9 billion in 2022, reflecting a 6.5 percent decrease from $2 billion in 2021. Meanwhile, the value of Egyptian imports from India amounted to $4.1 billion in 2022, showing a significant 26.4 percent increase from $3.2 billion in 2021. Mineral fuels, mineral oils, and their products distillates valued at $1.1 billion. Inorganic chemical products valued at $240.8 million. Organic chemical products valued at $358.4 million.

CAIRO - 24 June 2023: Indian Prime Minister Narendra Modi Saturday left for Egypt after concluding his "historic" visit to the US during which he held talks with US President Joe Biden and addressed the Joint Session of Congress. This is the Indian premier's first visit to Egypt, NDTV said. The two-day visit to Egypt at the invitation of President Abdel Fattah El Sisi is also the first bilateral visit by an Indian prime minister since 1997. During the visit, Modi will hold talks with President Sisi and a series of meetings with a number of senior Egyptian officials. The Indian prime minister will also have a meeting with members of the Indian community in Cairo.