Egypt - Vice President of the Egyptian Poultry Association Anwar Al-Abd has said that the corn import bill increased to $1.5bn monthly in 2023, compared to $700m monthly in the past two years. This caused an exaggerated increase in prices of poultry. He revealed that prices of poultry inputs hiked by 60% since the beginning of the crisis. The sector used to import 500,000 tonnes of corn monthly, but the imports decreased to 250,000 tonnes for a while, then it began to increase again due to all the factors mentioned previously. In addition, it enhances state control over poultry and slaughterhouses, and provides stocks of frozen poultry.

Under the slogan“Enhancing financial inclusion to support efforts to confront the repercussions of climate change”, Arab central banks seek to provide the necessary financing to meet the requirements of climate goals – one of the top priorities of COP27. The initiatives launched by the CBE include allowing banks to operate outside their branches, especially in remote areas, and interacting with citizens by opening accounts without fees or a minimum fee, in addition to encouraging electronic wallet customers to use their wallets. Based on the important role that financial inclusion plays in facing the repercussions of climate change, and enhancing sustainability and environmental preservation efforts, the CBE, in partnership with the World Food Program, has launched a project to increase the productivity of small-scale farmers and raise their standard of living by unifying holdings, diversifying and increasing income sources, in addition to lining agricultural waterways, encouraging the use of modern irrigation methods to enhance water use efficiency, and the use of solar energy panels in agriculture, which reflects the importance of financial inclusion in enhancing sustainability efforts and preserving the environment. The banking sector is making tremendous efforts to expand financing projects that take into account the environmental component of society, such as clean and renewable energy projects. The CBE also issued instructions to protect the rights of bank customers, and rules and systems for digital services such as the use of mobile phones and digital payment tools, in a way that contributes to expanding the availability and use of financial services, and supports sustainable development goals.

He indicated that the communications and information technology sector achieved a growth rate of 16.3%. He explained the reform measures that have been taken to create a supportive environment for business development in the telecommunications and information technology sector, which include the issuance of the Information Technology Crimes Law and the Personal Data Protection Law. After his speech, Talaat conducted an open dialogue with members of the American Chamber of Commerce in Cairo. The two sides discussed the exchange of experiences in the fields of the fourth generation of Industry and the regulatory aspects related to modern technologies. They also discussed opportunities to attract American small and medium companies to invest in Egypt, in addition to discussing strengthening technical and scientific cooperation with American research and development centres in artificial intelligence projects.

Food producers expect positive performance during the current year, despite the high inflation and interest rates, but the food sector is always defensive in crises. In spite of the unfavourable conditions, food companies have succeeded in recording significant growth rates over the past year with expectations of continued positive performance during the current year. William told Daily News Egypt that the rise in interest rates affected the expansions of food companies in light of the high cost of borrowing for companies that want to expand, especially those companies that rely on bank financing in the expansion process. The total sales of Juhayna Food Industries increased by 29% during 2022, to record EGP 11.36bn, compared to EGP 8.8bn during the previous year. The company’s sales grew during the previous year by about 55.3%, to record about EGP 5.217bn, compared to EGP 3.36bn in 2021.

Each year, the Cultural Personality of the Year award honours a prominent figure who has contributed to the advancement of Arabic culture and promoted peaceful coexistence. This year, we are proud to select Omar Khairat, one of the most renowned and celebrated musicians in the Arab world. His constant striving for excellence and innovation has seen the artist make an incalculable impact on the music industry and the wider cultural landscape, as well as foster important cross-cultural dialogue. With a passion for the piano, Khairat was among the first batch to graduate from the prestigious Conservatoire music institute, where he studied piano under the Italian Professor “Caro”, in addition to studying musical theory. He also played the drums in various groups, which noticeably influenced his music, as evident in his creations ‘The Maid’ and ‘Arabian Rhapsody’, among others.

Egypt’s Infinity Towers for Urban Development announced on Sunday that its flagship Infinity Tower project in the New Administrative Capital (NAC) has reached a significant milestone, with construction work reaching a 55% completion rate, about 100-metre height of total 210 metres. Infinity Tower has achieved the highest altitude ever attained by a private real estate development company in a mixed-use tower in the New Administrative Capital. These technologies have enabled us to accelerate the pace of construction,” stated Assaad Salama, Managing Director of Infinity Towers for Urban Development. The company initiated constructions of the second phase of the project, which encompasses the 25th to the 40th administrative floors. The tower includes five underground levels of parking – the largest underground parking lot in Egypt – with a capacity of 800 cars to accommodate the tower’s visitors.

Social media has given people a platform to express their ideas and share their opinion to the world. It’s part of becoming an influencer, one of the costs of becoming a public figure is that you’re put under a microscope. One day you can be the person who launches the criticism, and the next day you might be the next target. How to Respond to the Criticism as an Influencer? Bottom lineThe line between a valid criticism and an attack is very thin.

The Spaniard was not about to start blowing his own trumpet during the celebrations after his side lifted the Premier League title for the fifth time in six seasons. His record of 11 league titles in 15 seasons as manager of Barcelona, Bayern Munich and now City, speaks for itself. Advertisement · Scroll to continue Five of those have come at City and in the next three weeks he could take them to another level by winning the FA Cup and then the cherished Champions League to complete the treble. "Fifth Premier League title in six years, I could not imagine winning five in six," Guardiola told reporters. "I have the feeling we've done something exceptional but to be considered one of the greatest we have to win the Champions League, otherwise it's not complete.

As more protesters took to the streets, Group of Seven (G7) nations wrapped up their three-day gathering on Sunday, vowing to escalate sanctions against Russia amid the Ukraine crisis. Following days of protests, hundreds of demonstrators from home and abroad on Sunday rallied against the G7 leaders’ communique and other documents adopted by the summit in Hiroshima, a city once devasted by US atomic bombing during World War II. Chanting slogans such as “No to War” and “Smash the G7 Hiroshima Summit,” they rallied along the main streets in Hiroshima, crowded by hundreds of riot police officers. “To summarize, it is never a peaceful summit,” Ryo Miyahara, head of a Hiroshima citizens’ group and the protest’s organizer, told Xinhua at the demonstration site. US President Joe Biden, on Sunday evening, announced a new package of military aid to Ukraine worth $375m after Biden and Zelensky met on the sidelines of the G7 summit.

Participants in the first session of the political parties’ committee have stressed the need to make some amendments to the political parties’ law 40 of 1977. The amendments are needed to develop the political life in Egypt, the committee said. The first meeting was held earlier Sunday at the beginning of the second week of the national dialogue. They are set to discuss ways to support for activities of political parties, financial and administrative governance inside parties, and the specializations of the committee.

Perhaps it was a clever numerical happenstance that associated peace with light, as if the philosophy of coincidence wanted to tell us that peace is light and life, while violence and bloodshed are darkness and destruction. Because of the importance of peace and its inevitability for this planet destined for calamities and wars, and because of people’s fear of perishing and their feeling of lack of peace, another day was dedicated to peace on September 21 of each year – The International Day of Peace. Actually, all days of the year should celebrate peace and reject wars, fighting, violence, bloodshed and hatred. In 1952, Japan established a huge bell called the “Peace Bell.” The bell rings twice a year – once with the beginning of spring on March 21, and once on September 21 to celebrate the International Day of Peace. The UNESCO set the “International Day of Light”, on May 16 of each year, in a beautiful coincidence with the International Day of Living Together in Peace, has a scientific background.

Egypt also stressed that the successive incursions into the Al-Aqsa Mosque, aimed at consolidating the policy of temporal and spatial division, will not change the legal and historical status quo, in which Al-Aqsa is considered an exclusively Islamic position. The Arab League said in a statement that this intrusion, which the Israeli minister is committing for the second time, is condemnable and represents a dangerous escalation that aims to ignite a cycle of violence and tension and to ignite the whole region. It stressed that the Al-Aqsa Mosque in its entire area is a place of pure worship for Muslims and that any measures taken by Israel are null and void and do not entail any right. Dozens of hardcore Israeli settlers led by hard-right Israeli Minister of National Security Itamar Ben-Gvir broke Sunday morning into the Al-Aqsa Mosque compound in occupied Jerusalem under heavy police protection. “Attempts by Itamar Ben Gvir and his likes of extremists to change the status quo in Al-Aqsa Mosque are condemned and rejected and will fail.

Commander of the Egyptian Naval Force Admiral Ashraf Atwa and his Saudi counterpart Fahd Bin Abdallah al-Ghefeily. Press PhotoCAIRO – 22 May 2023: Commander of the Egyptian Naval Force Admiral Ashraf Atwa met his Saudi counterpart Fahd Bin Abdallah al-Ghefeily, and his Qatari counterpart Abdallah Hassan al-Seleity. The Egyptian and Saudi commanders held talks on matters of joint interest in the framework of coordinating efforts, military cooperation, and capitalizing on the naval capabilities of both states to fulfill mutual interests. As for the meeting with the Qatari commander, Admiral Atwa discussed ways of bolstering military cooperation, and exchange of experience between the naval forces of the two countries. During both visits, the Saudi and Qatari commanders visited a number of Egyptian vessels to learn about the latest training systems and armament introduced in the navy.

The National Bank of Greece (NBG), in cooperation with the Auctions Department of the Coldwell Banker Company, has sold the bank’s headquarters in Dokki to an entity affiliated with the Egyptian Cabinet. The bank re-leased the Dokki branch for a renewable year, until the completion of the liquidation of all its activities in the Egyptian market. On 10 May 2021, the Greek bank obtained the approval of the Central Bank of Egypt (CBE) to proceed with stopping the operations of its branch in Egypt. The bank asked its customers to go to its main branch in Dokki to withdraw their deposits as soon as possible. The Arab Investment Bank had reached a final agreement to purchase the portfolio of letters of guarantee existing with the National Bank of Greece, Egypt.

Abdullah added, in a welcome message broadcast by the African Development Bank: “After Egypt’s success in hosting COP27, in addition to other major events including the 2022 Islamic Development Bank Annual Meetings, I am confident that the 2023 Annual Meetings of the Bank in Sharm El-Sheikh will be an exceptional event.”The governor affirmed that Egypt’s hosting of the annual meetings for this year confirms the state’s firm determination to support integration among the countries and institutions of the African continent and its development through permanent and continuous cooperation with development partners, led by the African Development Bank Group. Climate change contributes to a number of negative repercussions, especially on food security, increasing population displacement, and increasing pressure on water resources on the continent. “We are all aware that the current level of climate financing on the continent needs more resources, as total flows cover only 12% of the required financing, and it is critical to make additional resources available to build economies that are resilient to climate change,” he continued. It is noteworthy that this is the third time that Egypt has hosted the annual meetings of the African Development Bank Group, the last of which was in 1999. Egypt is also the bank’s third largest shareholder and one of the largest beneficiaries of its development operations in the African continent.