Sources connected to the government’s IPO programme have said that the government aims to earn $2bn from the sale of either Telecom Egypt’s stake in Vodafone Egypt or the Beni Suef power station before the end of this month. The sources added to Daily News Egypt that Telecom Egypt, which is 70% owned by the government, intends to sell all its shares in Vodafone Egypt, amounting to about 45%. The sources added that there are currently negotiations with the Qatar Investment Authority about the evaluation, and expectations indicate that it amounts to about $3bn for the entire company, but the final evaluation has not yet been settled. In a related context, the sources said that the alternative plan would be to sell the Siemens station, especially after renewed efforts by Edra Holding and Actis to buy the station. The Beni Suef power station is one of three stations built by the German company Siemens with a total capacity of 14.4 gigawatts, and was inaugurated in mid-2018.

Often times we postpone happiness and make it dependent on certain situations or events whether a trip you dreamed of for so long, an accomplishment, and other things that aren’t short-term. But in reality, there are a lot of things around us that we may turn a blind eye to though how powerful they are in making us instantly happy. Here are little things that are often overlooked but shouldn’t be taken for granted if you want to feel truly happy. The smell of a clean and fresh bed after a long day outside. A catch-up with an old friend you haven’t seen in a while.

Egyptian ports received passengers travelling with over 194 kg of gold from 11 May to 11 June, after the Prime Minister had decided to exempt travellers carrying gold from customs duty and other fees, except for the value-added tax (VAT). Al-Shahat Ghattouri, head of the Customs Authority, said that the Prime Minister’s decision to exempt gold imported with passengers from customs helps control the market and restores stability and balance to prices. As a result, the prices of gold become more consistent with international prices thanks to the increase in the quantities supplied against the decreasing demand. The Prime Minister’s decision also contributes to reducing customs evasion attempts at various customs outlets. He explained that these exemptions do not apply to varieties of natural pearls, and precious or semi-precious stones mounted or set on jewellery imported from abroad.

CAIRO - 13 June 2023: The Egyptian army announced on Sunday the arrival of the frigate "Al-Qahhar" of the (MEKO-A200) class to the Alexandria Naval Base, marking its integration into the Egyptian naval fleet. The Importance of the Frigate "Al-Qahhar":• According to the Egyptian army statement, the frigate "Al-Qahhar" possesses numerous technological features and modern armament systems that enable it to carry out all combat missions. • Admiral Ashraf Atta, the commander of the Egyptian Navy, emphasized the General Command of the Armed Forces' commitment to implementing a comprehensive strategy to develop and modernize the Egyptian naval fleet, along with the latest training and simulation systems to train future generations of crews. He stressed that the new frigate will enhance the deterrent power of the Egyptian Navy as a force for maritime security and stability in the region. In addition, retired Navy Brigadier General Hussein el-Harmili, a military and strategic expert, highlighted the prominent features of the new frigate joining the Egyptian Navy in several points, stating the following:It represents a strong addition to the Egyptian Navy, which has been comprehensively developed in recent years, thanks to political and military support.

June 12 (Reuters) - Even a thunderstorm could not dent Manchester City's rousing victory parade on Monday as the players and manager Pep Guardiola celebrated completing the long-awaited treble after winning the Champions League trophy over the weekend. The blue side of Manchester were all euphoric as the team and fans also celebrated becoming only the second English club to win the treble, equalling the 1999 milestone of their fierce rivals Manchester United. "What a parade, what an afternoon, it had to be the best parade with this rain, otherwise is not Manchester. We don't want sunshine," said Premier League manager of the year Guardiola in front of thousands of fans. As the players left the stage, the celebrations seemed far from over for the City fans who were ready to party on long into the night.

Grand Imam of Al Azhar Ahmed El Tayeb meets with Iraqi Prime Minister Mohamed Shia Al Sudani in Al Azhar Sheikhdom in Cairo on June 12, 2023- press photoCAIRO – 12 June 2023: Iraqi Prime Minister Mohamed Shiaa Al-Sudani renewed his invitation to the Grand Imam of Al Azhar Sheikh Ahmed Al Tayeb to visit Iraq, the Sheikhdom said in a statement. The invitation was offered during a meeting between the two sides on Monday at Al Azhar Sheikhdom in Cairo where Al Sudani is on an official visit with a high-ranking Iraqi delegation. “We renew our invitation to your Eminence to visit your country, Iraq, and we look forward to this visit and await it with great eagerness,” Al Sudani said. The Sheikh of Al-Azhar affirmed his welcome to visit Iraq and to communicate with all components of the Iraqi people. He also said that Al Azhar institution pays more attention to Iraq students studying at Al Azhar University.

but one thing remains constant across time, youth is beauty, and if you don’t have youth, you lose your beauty. Pressure to stay young has been booming but it’s not a new phenomenon. The Old Hag, The Helpless Victim, and the Self-RighteousMost of the trope listed above doesn’t even cover the complete list of how older women are being shown. There are some shows that worked to show how older women can still be strong, funny, and independent whose age does not define them. We need to change the way we think and how we approach older women.

Chairperson of MBG Developments Mahmoud Al-Adl has stated that the influx of Sudanese refugees to Egypt has contributed to increasing the real estate market demand and unit prices, especially in downtown areas in Cairo and Giza. This obviously led to a large increase in property price to reach approximately 50%, compared to real estate prices in the past year. He noted: “There is no real estate company that does not have debts to New Urban Communities Authority (NUCA) or to any other entity that owns lands; likewise, there are no real estate companies that develop projects and then market them. He further added that mortgage financing for units under construction has become an evitable and urgent matter in this difficult economic period in order to avoid a recession in the local real estate market. The sector’s investments contribute 25% of the GDP exceeding EGP 200bn, according to Al-Adl.

Egypt’s Prime Minister Mostafa Madbouly held a meeting on Monday with members of the board of the Federation of Egyptian Industries (FEI), as well as several industrial chamber heads, factory officials, and company representatives from various sectors. The meeting was held in the presence of Mohamed Shaker, Minister of Electricity and Renewable Energy, Ahmed Samir, Minister of Trade and Industry, Mohamed Zaki El Sewedy, FEI Chairperson, and Tarek Tawfik, FEI Deputy Chairperson. He noted the increasing demand related to the industries associated with this sector, as well as what is related to green hydrogen. Meanwhile, Samir cited the efforts being made to support this sector and to provide the required production requirements for it, which contributes to increasing the volume of exports from this sector and localizing various industries. They also emphasized the importance of the feeder industries file and its role in advancing the industrial sector in general.

Daily News Egypt understands that Egypt will decide on the acquisition bids from a company affiliated to the Qatar Investment Authority for Port Said Container & Cargo Handling Company (PSCCHC) and Damietta Container & Cargo Handling Company (DCHC), and then both enterprises will be offered on the stock market. The Qatari offers seek to acquire the largest possible shares of the two companies. Last Thursday, the Board of Directors of the Suez Canal Economic Zone (SCZONE) approved offering 20% of the PSCCHC on the Egyptian Exchange (EGX). Walid Gamal El-Din, Chairperson of the SCZONE, said that SCZONE owns 39% of the PSCCHC’s shares. Sources told Daily News Egypt earlier that up to 20-25% of the two companies were meant to be offered before the Qatari acquisition bids emerged.

Founders of MEDFEST-Egypt, Mina El Naggar and Khalid Ali, announced selecting director Yousry Nasrallah as the Head of Jury Members for the Short Film competition within the fifth edition of the forum. The jury members include producer Muhammad Taymour, actress/writer Tharaa Goubail, and Manal Al Swaisy, director of Festival International de Films de Femmes (Regards De Femmes) in Tunisia. Most recently, MEDFEST-Egypt has announced the extension of the submission period for short films about the theme ‘stigmatization’. MEDFEST-Egypt is a touring international short film forum that explores the human condition, from a well-being and health perspective It is the first of its kind in the MENA region. Founded in 2017 by Dr. Mina El Naggar and Dr. Khalid Ali, MEDFEST-Egypt is bridging the gap between films, medicine and Art.

CAIRO - 11 June 2023: EgyptAir, the Egyptian national carrier and a member of the Star Alliance, has announced that it will operate its newest flights to Manchester, England, starting next July, and Delhi, India, starting next August. The opening of these new lines comes within the framework of the directives of the Ministry of Civil Aviation to link the Arab Republic of Egypt with various countries of the world through Cairo's hub airport. And as a continuation of the ambitious plan pursued by the company to expand the network of lines that reach it directly, as EgyptAir recently added Dhaka line in Bangladesh and New Jersey in North America to its network. As these new routes represent additional points of expansion for EgyptAir's network in Asia and Europe and serve new customers of the company around the world, as it is planned that the company will operate 5 weekly flights to Manchester, England, starting from July 15, on Tuesdays, Thursdays, Fridays, Saturdays and Sundays with the B737-800NG model. As for the Delhi-India line, the company is scheduled to operate 4 weekly flights starting from the first of next August, and EgyptAir plans to operate its flights on this line with the company's latest A320neo models.

CEO of Egypt’s Chemical Industries Export Council Mohamed Mageed has met with Chairperson of the Moroccan Plastics Federation (FMP) Nabil Sawaf and representatives of the company that organizes Plast Expo in Morocco, on the sidelines of the exhibition which runs from 7 to 10 June. In addition, they discussed a work mechanism through which a larger number of Egyptian companies can be attracted to participate in the exhibition in its next editions. Besides, increasing its ability to hold bilateral meetings and attract more clients from different countries, whether they are visiting from neighboring countries or participating in the exhibition. Moreover, building on networking operations carried out by representatives of the export council during the exhibition period with the exhibiting companies from different participating countries. Chemical industries and fertilizers exports to Morocco amounted to approximately $258m in 2022, with a growth rate of 66% compared to 2021, and thus it ranks first in Egyptian non-oil exports to Morocco and represents 30% of the total Egyptian exports to Morocco, which amount to about $851m.

Egypt’s Foreign Minister Sameh Shoukry spoke with Turkey’s new Foreign Minister Hakan Fidan via telephone. Ambassador Ahmed Abu Zeid, the official spokesman of the Ministry of Foreign Affairs, said that Minister Shoukry congratulated the Turkish Foreign Minister on assuming his duties and wished him success in his new role. Shoukry also expressed his hope to work together to continue the development of bilateral relations between Egypt and Turkey and to return them to normal. The Turkish Foreign Minister thanked his counterpart for reaching out and emphasized the importance of moving forward to restore full relations between the two countries. He welcomed the beginning of communication with Minister Shoukry to enhance understanding and common interests that benefit both the Egyptian and Turkish peoples.

A new photos of what appears to be Tom Cruise posing with two lookalikes has gone viral on social media. While some refuse to believe that these can be Cruise’s doppelgangers as the “Mission Impossible” star is known to perform all stunts by himself other claim that this is a trick of AI ( artificial intelligence).