valU, a MENA-based fintech platform, has partnered with Partment, a digital platform that offers fractional shares (co-ownership) in fully-managed second homes across prime locations, the company announced on Monday. Through this partnership, customers can leverage valU’s flexible and affordable payment plans for Partment’s property management and maintenance services. Partment and valU aim to provide customers with an unrivaled investing experience by unlocking access to premier vacation homes without the hassle of property management and maintenance. Customers can finance Partment’s services through valU’s convenient and flexible tenors that range from 6 to 60 months and receive approvals within 15 minutes. Partment aims to continue breaking traditional barriers to allow more people to enjoy vacation homes in prime locations at a fraction of the price.

He added that this crisis was not the responsibility of the Egyptian state and it is unfair to accuse the government of negligence, but it is a global crisis that affected Egypt. 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. 70/2009, which prohibits live poultry trading, and obliges producers to slaughter in slaughterhouses, because it will prevent and reduce diseases in a very large way, and works to organize this industry. In addition, it enhances state control over poultry and slaughterhouses, and provides stocks of frozen poultry.

CAIRO - 23 May 2023: Ambassador Bassam Rady, the Egyptian ambassador to Rome, revealed that Egypt and Italy discussed cooperation in many fields such as: food security, illegal immigration, and combating terrorism. Ambassador Rady said there is an exchange of visits between Egypt and Italy during the coming period. This comes as part of Rady's statements about the details of the current visit of the Minister of Supply, Dr. Ali Al-Moselhy, Egyptian Minister of Supply and Internal Trade, to Italy. Radi said, during a telephone conversation on “Sada Al-Balad” channel, that food security is one of the most important issues raised globally, especially after the outbreak of the Ukrainian and Russian crises, and the spread of the Corona virus. Rady further stressed that the global crisis is hitting the countries of the world, as the price of a liter of gasoline reached 2 euros in Italy, unlike Egypt, which supports energy derivatives in a large way, noting that Italy views Egypt as a regional and African weight.

The Egyptian-American Enterprise Fund (EAEF) negotiates a new financing agreement with Tanmiya Capital Ventures (TCV). Tanmiya Capital Ventures was established in 2016 and owns stakes in five companies, including Abu Auf and Misr Foods. Shousha explained that the fund invests in various sectors, including financial services such as Contact and Fawry companies, healthcare, and education. The EAEF is a private investment fund established by the US Congress in 2011 to support the private sector in Egypt. The fund has so far invested in 129 companies with the support of five money managers for the first time, and its investment portfolio supports 40,000 jobs across Egypt.

The Egyptian Red Crescent, in cooperation with the EU and the UN Development Programme, has begun transporting 27 tons of relief supplies to Sudan. El-Kabbag said that presenting the grant to support the Egyptian Red Crescent’s efforts regarding the Sudanese crisis shows the international community’s appreciation and trust in the organization. Fracassetti stated that the Egyptian government is being supported in providing basic healthcare supplies to Sudanese refugees during these difficult circumstances. The relief supplies provided by the Egyptian Red Crescent, UNDP, and EU will play a crucial role in mitigating the impact of the crisis and supporting the Sudanese people during these challenging times. It also highlights the critical role played by organizations such as the Egyptian Red Crescent in providing assistance and support to those most in need.

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.