27 of 2023 regarding the establishment of tourist chambers and federation, Daily News Egypt shed the light on the significance, philosophy, and most salient benefits that this law offers to the tourism industry in Egypt. This law gives the chambers’ funds the legal protection prescribed for public funds in the application of the Penal Code. -Avoiding one of the shortcomings of the tourism sector, represented in the absence of effective think tanks to study the market and propose policies. – Addressing the shortcomings of the fragmentation of the tourism sector, and the shortcomings in the inability of most tourism entities to spend on training, withstand shocks, and ease exit from the industry. – Raising the efficiency of the role of self-regulation, and the ability of the tourism sector to regulate itself.

Egypt MLS represents a real shift for Egyptian real estate towards the era of digitisation and puts it on the map of real estate trading in its global concept. The idea of collecting data is what made the US real estate market the most widespread and largest selling. MLS technologies is an acronym for the multiple listing service that completely controls real estate trading operations online gathering real estate developers, marketers, and governments in one platform. The volume of investments increased from EGP 200m to EGP 1bn within a few months, and this digital database system will make a major shift in the real estate market, and it is Egypt’s dream to enter the era of digital real estate and real estate export. Real estate investors from all over the world with access to the EGYPT MLS are awarded one of the greatest benefits in the industry.

Egyptian football and Liverpool star Mohamed Salah shared a picture of himself with his daughter Kayan, on a beach, during his summer vacation. Salah posted the pictures through his personal account on Instagram, where he is shown hugging his daughter on a beach. Salah recently beat Argentine’s Lionel Messi, the Paris Saint-Germain player, in a referendum for the best right wing in the European Champions League 2022/2023, which was conducted by BT Sport. Egypt’s football superstar scored eight goals in the Champions League this season and was runner-up for the Champions League top scorer for the past season behind Erling Haaland. He was the best scorer wing in the continental competition in its last edition.

Al Baraka Bank has launched a new financing programme under the name “Ezdihar” to support and develop small and medium enterprises (SMEs), within the framework of the bank’s strategy to restructure the SMEs sector and provide a variety of products that suit different segments of customers. The program also provides banking and financing solutions for all customers’ needs for all local activities of SMEs and entrepreneurs. Ahmed Soliman, head of the SMEs sector, said that the bank pays great attention to these projects. He also pointed out that Al Baraka Bank’s plan to restructure SMEs aims to attract new segments. Al Baraka Bank has provided a distinguished service to the clients of the SMEs sector through the presence of 10 dedicated centers in Cairo, Giza, Alexandria, and the Nile Delta region.

Head of the Suez Canal Authority Osama Rabie has confirmed that the navigation in the global waterway resumed normally in both directions. Rabie said in a press release on Sunday that the authority dealt quickly with the oil tanker “SEAVIGOUR that broke down and disrupted traffic in the canal, as it was towed by the authority’s locomotives. Rabie stressed the readiness of the Suez Canal Authority to deal with potential emergencies through an integrated system full of navigational competencies and accumulated experience in maritime rescue work and specialized marine units in maritime rescue work, maritime insurance and Pollution Control. Lieutenant General Rabie noted that the Suez Canal Authority is always ready for any malfunctions, as the locomotives are always ready for malfunctions to prevent a delinquency of the tanker. On Sunday, the canal witnessed the transit of 60 ships from both directions, with a total net tonnage of 3.5 million.

CAIRO - 5 June 2023: Egyptian Prime Minister Mostafa Madbouly received Sunday at the government headquarters in the New Administrative Capital, Bandar bin Ibrahim Al-Khorayef, the Saudi Minister of Industry and Mineral Resources, and his accompanying delegation, where they discussed ways to enhance cooperation and integration between Egypt and Saudi Arabia in the industry file. During the meeting, Bandar bin Ibrahim Al-Khorayef, the Saudi Minister of Industry and Mineral Resources, expressed his happiness with this visit, saying: I convey to you the greetings of His Royal Highness, Crown Prince, Prince Muhammad bin Salman, Prime Minister, who always emphasizes the strength of the distinguished relations between Egypt. The Saudi minister thanked the Egyptian state for its support for Saudi Arabia's bid to host Expo 30, praising Egypt's development vision "2030". He also thanked Egypt for its efforts during the "Future of Mining" conference, which has become an important conference dealing with the future and challenges of this sector. He continued: We look forward to the existence of integration between Egypt and the Kingdom in a number of priority industries, noting that the industrial strategy identified 12 targeted sectors, explaining these sectors.

MADRID, June 4 (Reuters) - Ballon d'Or winner Karim Benzema will leave Real Madrid as a free agent in the close season after 14 trophy-laden years, the LaLiga club said on Sunday, with the striker set to move to Saudi Arabian side Al Ittihad. "Real Madrid and our captain Karim Benzema have agreed to bring his brilliant and unforgettable time as a player at our club to a close," the club said in a statement. "Karim Benzema's career at Real Madrid has been a shining example of conduct and professionalism, and he has represented the values of our club." Benzema scored more than 350 goals for Real to sit second on the club's all-time scoring list behind Ronaldo. Benzema's exit comes a day after Real announced Eden Hazard was also leaving the club after agreeing to terminate his contract a year early.

Egypt’s President Abdel Fattah Al-Sisi received his Mauritanian counterpart Mohamed Ould Ghazouani, on Sunday in Cairo during the latter’s three-day visit to Egypt. The spokesperson added that the meeting witnessed an exchange of views on mechanisms for advancing joint Arab and African action, with a discussion of developments on a number of regional issues, especially Sudan, Libya, Syria and the Grand Ethiopian Renaissance Dam (GERD). He confirmed that he held intensive and constructive discussions with President Ghazouani, during which we dealt with various bilateral, regional and international issues. The two presidents also agreed to strengthen cooperation in the African arena. He pointed out that they discussed developments in the situation in Sudan, and we stressed the importance of an immediate and sustainable cessation of fire, preserving Sudanese national institutions, preventing them from collapsing and intensifying efforts to provide urgent humanitarian and relief aid to alleviate the suffering of those affected.

CNN — final game for Lionel Messi’s final game for Paris Saint-Germain ended in defeat as the Ligue 1 champion lost 3-2 at home to Clermont on Saturday. Sergio Ramos, who was also playing his final match for the club, scored as did Kylian Mbappé to give PSG a 2-0 lead within 21 minutes, but mid-table Clermont fought back for an unlikely win. PSG announced in a statement ahead of the match that Messi’s “adventure” with the club would conclude at the end of the season. But the former Barcelona star has had a difficult final season in Paris. Some PSG fans have recently booed his name before and during matches, doing so again at his final match, according to Reuters.

The Central Bank of Egypt (CBE) will launch a tender for one-year treasury bills denominated in the American currency, at a value of $540m, on Monday. The proceeds of this tender will be used to pay off a previous tender that was offered on 7 June 2022, through which the Central Bank obtained $565.1m. The Central Bank had received 23 bids worth $1.076bn to cover a similar tender that it put out on 1 May at a value of $1bn. According to Central Bank data, on its website, the bank accepted 20 bids at a value of $1.0076bn, with interest ranging between 4.899% as the lowest price, 4.9% as the highest price, and 4.9% as the average. The Central Bank allows local and foreign institutions to subscribe to those bills, with a minimum subscription of $100,000 and its multiples.

Citigroup anticipates that the Central Bank of Egypt may resort to delaying the devaluation of the Egyptian pound against the US dollar until at least the end of June, which has prompted traders to lower their expectations regarding the devaluation. Credit rating institutions are calling on the Egyptian government for a more flexible exchange rate which reflects the country’s external financing needs, according to supply and demand. A flexible exchange rate is also a major demand of the International Monetary Fund, since it signed a financing agreement with Egypt worth three billion dollars at the end of 2022. According to Costa, the Central Bank of Egypt will also probably wait for “bumper tourism” revenues of about $14 billion to filter through the economy before deciding on the need for another pound recalibration. “The CBE will likely not engineer another aggressive pound devaluation over the next month or so,” Costa wrote in a note.

CAIRO - 4 June 2023: Hala El Said, Minister of Planning and Economic Development, presented the economic, social development plan for the Fiscal Year 2023/2024 (FY23/24) to the parliament today. El Said stated that the plan is focusing on the telecommunications and information technology sector considering its importance and contribution to Egypt’s economy. The Minister stated that LE 83.4 billion were allocated as investments for this sector in the FY24/23, with a growth rate of 49 percent over the expected investments for the previous FY23/22, which amounted to about LE 56 billion. The private sector plays a major role in accelerating the growth of this sector, as it receives about LE 52.4 billion or 63 percent of the total investments directed to the development of the sector. The Minister previously stated that the plan for FY23/24 will allocate directs investments amounting to about LE 100.7 billion for the manufacturing sector - both petroleum and non-petroleum.

CAIRO – 4 June 2023: Egypt’s Suez Canal Authority issued a statement Sunday confirming the normal flow of navigation in the international waterway after oil tanker ‘SEAVIGOUR,’ sailing under the flag of Malta, had been towed from KM 12 Canal marking to KM 17 Canal marking by three tugboats. Normal flow of navigation in Suez Canal after towing oil tanker ‘SEAVIGOUR.’ Press PhotoThe vessel sustained a technical issue while among the northbound convoy on its way to China from Russia. The salvage took place over one hour and 16 minutes through three tugboats which towed the vessel to the Suez Anchorage Area in Ismailia. The three tugs were “Ezzat Adel of 160 tons’ bollard pull capacity,” “Suez 1” and “Suez 2,” each of 75 tons’ bollard pull capacity. Once the winch was repaired, the anchor was lifted, the towlines were connected, and the vessel was towed successfully.

Attijariwafa bank Egypt achieved a net profit of EGP 434.5m during the first quarter (1Q) of 2023, compared to EGP 176.3m in 1Q 2022, an increase of EGP 258.2m, a growth rate of 146%. In a statement, the bank said that the net income from the return amounted to EGP 914m in 1Q 2023, compared to EGP 520m in 1Q 2022, with a growth rate of 75.8%, while the net income from fees and commissions amounted to EGP 165m, compared to EGP 106m, an increase of 56.3%. Net trading income amounted to EGP 65m, compared to EGP 52m, an increase of 25%. The statement indicated that this growth in facilities occurred without imposing pressure on the bank’s credit risk requirements, thanks to the wise management of risks and health coverage from the bank. The bank pointed out that the customer deposits portfolio also continued to grow, with total deposits reaching EGP 54.9bn in March 2023, an increase of EGP 2.4bn, a growth rate of 4.5% compared to 2022.

The cause of Friday’s crash remains unclear, but senior state railway officials told CNN that it is suspected to have been caused by a traffic signaling failure. An official overseas rescue efforts at the site of the train crash in Balasore. Everyone was screaming, everyone was in shock.”Overturned carriages in the wreckage of the crash involving two passenger trains and a freight train. An aerial view of the derailed coaches in Balasore. In 2011, scores were killed when a train jumped tracks in the northern state of Uttar Pradesh.