The AIM was held under the auspices of Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, during the period from 8 to 10 May, 2023. They further discussed ways to enhance joint economic cooperation with investors in the emirates of Ras Al Khaimah and Fujairah and to activate cooperation through economic integration projects between Egypt and the UAE and oil storage projects. The two sides agreed to organize an Egyptian-Emirati forum, as well as a visit of a delegation from the Chamber and the free zone to Egypt during the coming period. The meeting also dealt with the representatives of the companies to identify their plans to invest in Egypt or their expansion plans. Moreover,initial public offering of government companies and state-owned companies in the Egyptian Stock Exchange, with the aim of stimulating capital markets.

Speaking to reporters in Rome after meetings with his Italian counterpart and Italy’s prime minister, Zelensky said Ukrainian forces were “preparing very seriously.”“There will definitely be very serious steps. Earlier, Zelensky met with Pope Francis, who has been outspoken in his support for an end to the war in Ukraine. Vatican News/APZelensky said last week that his country still needs “a bit more time” before it launches the counteroffensive, in order to allow some more of the promised Western military aid to arrive in country. Russian attacksAs Zelensky toured Europe, Russia’s assault on Ukraine continued. In western Ukraine, at least 21 people were injured following Russian strikes on the city of Khmelnytskyi in the early hours of Saturday, Ukrainian authorities said.

For any business to run effectively, smoothly, and productively, delegation is a vital managerial skill. However, some managers tend to be reluctant when it comes to delegating tasks to their team members. When managers delegate, they create more room for themselves for creativity, innovation, and planning. At the same time, they create new opportunities for the team members to learn something new and develop their leadership skills. Run frequent training so that whenever the time comes for delegation you can rest assured that you have a team that is up for the new role.

Turkish voters went to the polls on Sunday to vote in the 28th presidential and parliamentary elections, amid tight security measures. About 60 million Turks are casting ballots to elect their 13th president and the 600-seat parliament. Supporters of Turkish President Recep Tayyip Erdogan are divided between those who will vote for him convinced of his vision, and those who will vote for him in the absence of a convincing alternative. According to official figures, 24 political parties and 151 independent candidates are running in the parliamentary elections. Political parties in Turkey entered the elections through 5 alliances of different orientations: “People’s Alliance”, “Nation Alliance”, “Alliance of Ancestors”, “Labour and Freedom Alliance”, and “Union of Socialist Forces”.

Egypt’s Ministry of Finance sells a 9.5 percent stake in state-owned telecom operator Telecom Egypt, raising more than LE 3.7 billion, which accounts for $121 million. The volume of requests received in the first tranche reached more than 504 million shares, which is around 3.11 times more than the total shares offered for that tranche. The Egyptian government sold more than 162 million shares, at a price of EGP 23.1 per share. Before this rating action, Egypt's ratings were B3 and the outlook was stable. The Telecom Egypt transaction signals Egypt’s seriousness about conforming to the economic reform program and stressing the government’s willingness to work towards supporting economic growth and stability in the country.

Egyptian archaeologist Zahi Hawass said that during one of his lectures in Los Angeles he was protested by people objecting to his refusal to consider Cleopatra being black. They carried banners with slogans against him, he said, adding that they had fallen for false information. During a phone interview with “Hadith al-Qahira” (Cairo Talk) talk show on the “al-Qahira wal Nas” (Cairo and the People) channel, Hawass stressed “We are not against blacks, and if the same situation happened with the continent of Asia, I would object to them.”He emphasized that Cleopatra was burgundy in color, and not dark-skinned, and this a fallacy bought into by African Americans. Hawass pointed out that “our film, which we released about Cleopatra, also received international attention, and this film responded strongly to the whole world.”“The paintings on the walls of temples confirm that the kings are not black,” he explained. ‘They are stealing my culture’!

May 13 (Reuters) - Manchester United can attract more "quality players" after finding it tough to convince some transfer targets last season, manager Erik ten Hag said as he bids to restore the Premier League side to their former glory. The Dutchman hopes to secure Champions League qualification for next season, with United occupying fourth place in the league. Now, many players see the project, what's going on, the dynamic and the ambition," Ten Hag told reporters before Saturday's home game against Wolverhampton Wanderers. This year, many quality players really want to come." United recruited the likes of Casemiro, Antony, Lisandro Martinez, Christian Eriksen and Tyrell Malacia under Ten Hag.

The head of the political department of the Islamic Jihad Movement Mohammed al-Hindi affirmed the movement’s commitment to the cease-fire brokered by Egypt with Israel. During a telephone interview with “AlQahera News” channel, Hindi said that “The cease-fire entered into force at ten o’clock (Cairo Time), and we are monitoring Israel’s commitment.”“We are committed to this agreement, which Egypt sponsored and made strenuous efforts over the past days, and the enemy has learned a lesson and will abide by it.”Hindi added that the Israeli occupation state wants to transgress the rights of the Palestinian people and does not recognize negotiations or any peace agreements, only seeking Palestine’s surrender. He stressed, “We cannot surrender, regardless of the capabilities of the Israeli occupation compared to the Palestinian capabilities.”“We will defend ourselves, our rights, our sanctities, and the future of our children, and everyone who has seen the pictures, and videos that came out of Israel in the past two days knows that it is not the bogeyman who scares the region and rampages in it.”“Israel has recognized things that it did not recognize in the past. This conflict is ongoing and long, and this is just one round. We made some gains from this round, as in every previous one.”

The Agricultural Bank of Egypt (ABE) has received the first batch of locally produced wheat in 2023, amounting to about 277,000 tonnes in the first month of the season, which started in early April, with a total value of about EGP 2.8bn. This is an indication of a successful season compared to the quantities supplied during the same period last year. Samy Abdelsadek, Deputy Chairperson of the ABE, said that the bank is keen on supporting small wheat farmers and suppliers through an integrated system supported by the bank. Abdelsadek followed up on the progress of wheat supply in the bank’s store in Tamiya town in Fayoum governorate, in the presence of a number of the bank’s leaders. In addition to that, the bank provides supply to facilitate for the customers the process of warehousing.

Last Thursday, the ECSD signed a memorandum of understanding (MoU) with the Egyptian Tax Authority to set the rules governing the application of agreements to avoid double taxation on bond returns for non-residents in Egypt. The MoU comes within the framework of the intensive preparations that the company is making to launch the first phase of its activity, which includes transferring all transactions related to treasury bonds to the company. He added that the most important goal of establishing the company is to organize the tax revenue resulting from the operations of bonds and treasury bills and to combine all these financial instruments under one umbrella. The ECSD was established with the aim of managing the deposit and settlement operations for all government debt instruments through a unified legal entity operating in accordance with international standards. The authorized capital of the ECSD, which is 70% owned by the Central Bank of Egypt (CBE) and 30% owned by the Finance Ministry, amounts to EGP 1bn, and the issued and paid-up capital recorded EGP 100m.

During the meeting, the two sides discussed ways to enhance economic cooperation between the two countries, and the serious endeavour to double joint efforts and exchange constructive and diverse experiences between the governments of the two countries, and discussed opportunities for concluding a free trade agreement to facilitate the movement of import and export and increase trade exchange during the coming period between the two countries. Maait said that the historical relations between the two countries extend for many decades, stressing that we are looking forward to concluding a joint agreement between the ministries of finance of the two countries to discuss public finance affairs, exchange experiences periodically, discuss economic conditions, discuss and study the double taxation agreement between the two countries and re-update it to keep pace with best practices and developments on the scene. For his part, the Malaysian Deputy Minister of Finance praised the Egyptian state's development in various economic activities, stressing his country's aspiration for joint cooperation in areas with a developmental dimension such as education, tourism, renewable energy and medical supplies. He referred to the study of the exchange of commodities of interest to the two countries. For example, Egypt imports palm oil in return for exporting pharmaceutical raw materials in a way that contributes to providing the basic needs of goods for the two countries in light of the current crises.

Minister of Finance Mohamed Maait met on Saturday Ahmad Maslan, Deputy Minister of Finance of Malaysia, on the sidelines of their participation in the annual meetings of the Islamic Development Bank Group (IsDB) in Saudi Arabia. Maait said that the historical relations between the two countries extend for many decades, stressing that we are looking forward to concluding a joint agreement between the ministries of finance of the two countries to discuss public finance affairs, exchange experiences periodically, discuss economic conditions, discuss and study the double taxation agreement between the two countries and re-update it to keep pace with best practices and developments on the scene. For his part, the Malaysian Deputy Minister of Finance praised the Egyptian state’s development in various economic activities, stressing his country’s aspiration for joint cooperation in areas with a developmental dimension such as education, tourism, renewable energy and medical supplies. He referred to the study of the exchange of commodities of interest to the two countries. For example, Egypt imports palm oil in return for exporting pharmaceutical raw materials in a way that contributes to providing the basic needs of goods for the two countries in light of the current crises.

Yasser Zaazaa, Managing Director of the Egyptian Central Securities Depository (ECSD), has revealed to DNE that the bond clearing and settlement activity was launched on Sunday after all regulatory procedures were completed. Last Thursday, the ECSD signed a memorandum of understanding (MoU) with the Egyptian Tax Authority to set the rules governing the application of agreements to avoid double taxation on bond returns for non-residents in Egypt. The MoU comes within the framework of the intensive preparations that the company is making to launch the first phase of its activity, which includes transferring all transactions related to treasury bonds to the company. He added that the most important goal of establishing the company is to organize the tax revenue resulting from the operations of bonds and treasury bills and to combine all these financial instruments under one umbrella. The ECSD was established with the aim of managing the deposit and settlement operations for all government debt instruments through a unified legal entity operating in accordance with international standards.

Amideast and Boeing announce the winners of the STEM for Sustainability start-up competition in EgyptAmideast and Boeing teamed up to host the 2023 STEM for Sustainability competition in Cairo on May 12, 2023. The competition aimed to support Egypt's green transition by investing in the country's growing young population and empowering start-ups and young entrepreneurs. The finalists participated in a boot camp that covered topics including business modeling, business planning, and pitch deck development. Amideast and Boeing's STEM for Sustainability competition in Egypt nurtures the country's next generation of leaders, driving innovation and protecting the environment. Since 2007, Boeing invested $2 million in community engagement in Egypt which benefitted more than 22,000 young people in the country.

File- Flights carrying 700 people from 40 countries after being evacuated from Sudan in cooperation with Egypt- the photo from the German embassy in CairoCAIRO – 13 May 2023: A total of 81,172 People has crossed into Egypt from Sudan, including 76,135 Sudanese and 5,037 third-country national as of May 10 according to data from the Ministry of Foreign Affairs, announced the UNHCR Egypt in a statement on Thursday. “The Egyptian Ministry of Foreign Affairs (MFA) has reiterated its commitment to keeping the border open and to not implementing an encampment policy. They have also highlighted the support required for host communities across Egypt, who are receiving the large number of recent arrivals,” the statement read. In the first days of the clashes, the number of displaced Sudanese through the southern land crossings between Egypt and Sudan, led by the Al-Qastal and Arqin crossings, exceeded 14,000, according to the Egyptian Ministry of Foreign Affairs. These services included psychological support services, medicines, snacks, and telephone and electronic means of communication.