Companies offered on the stock exchange, including Banque du Caire and Misr Insurance company, will attract local and foreign investors, Mohamed Maher, head of the Egyptian Capital Market Association (ECMA), said. The data of companies to be offered on the stock exchange will be released next week, he added. Maher added in televised statements that the flotation of the pound relatively provided hard currency, prompting the market to move in a positive direction. The market capital of the Egyptian Stock Exchange rose by the end of Sunday’s trading session to LE1.112 trillion, amid a collective rise in the stock market indices, as the market capital recorded the highest historical value. Stock indexes have a long way to go to reflect the value of real assets, Rania Yacoub, a financial market expert, said, pointing out that the stock market’s rise to LE1.112 trillion is still far from the real value of Egyptian assets.

Several airlines including the Saudi flagship airline Saudia, UAE's national carriers Emirates, flydubai and Air Arabia have halted flights to and from Sudan due to clashes. The decision was made after announcing that one of Saudia's aircraft had been destroyed at the Khartoum airport. Satellite images shows the damage to Khartoum International Airport, due to conflict from the past couple of days. A UN envoy to Sudan said that the clashes in Sudan have killed 185 people and wounded another 1,800 as of Monday. fighting in Sudan between the Sudanese Army and the paramilitary Rapid Support Forces (RSF) raged on for the its third day, as the death toll rose to 185, and at least 1,800 others wounded.

Minister of Finance Mohamed Maait said on Tuesday that the application for the tax-free car import initiative for Egyptians working abroad will close after 26 days, adding that there is no intention to further extend the operation. Maait added that 100,000 Egyptians residing abroad have registered electronically to benefit from this initiative. Maait also announced the release of 800 imported cars from ports under the initiative and the total value of payments reached about $500m. Maait said that the government is committed to paying the deposits of Egyptians abroad who benefit from the initiative to facilitate the import of cars, on the scheduled dates, at the exchange rate at the time it becomes due. They will obtain it at the exchange rate at the time of recovery within three months.

Commander of the Sudanese Armed Forces (SAF) Abdel Fattah Al-Burhan announced on Tuesday that the Sudanese army will observe the ceasefire proposed by international forces starting from 6 pm Tuesday for 24 hours. Earlier, the Rapid Support Forces (RSF) announced the approval of a 24-hour ceasefire and accused the Sudanese army of breaching the truce. RSF leader Mohamed Hamdan Dagalo, also known as Hemeti, approved the 24-hour truce to ensure the safe passage of civilians and the evacuation of the wounded. “We are waiting for further discussions with the US secretary of state Antony Blinken on how best to address the violations committed by the Sudanese army,” Hemeti said. “We are in contact with the Sudanese army, the RSF, to encourage them to stop firing, to negotiate a restoration of stability,” the president continued.

Hossam Abdel Ghaffar, the official spokesperson for the Ministry of Health and Population, stated that the ministry followed up on more than 39,283 cases after performing operations, to ensure the quality of service provided to patients, during the period from January 2023 to mid-March, in addition to receiving 91,708 calls from waiting list patients, during the same period, via the hotline designated for the initiative. Abdel Ghaffar said that the initiative includes surgeries; heart, bones, ophthalmia, tumours, cerebral catheters, heart catheterisation, brain and nerves, kidney transplantation, liver transplantation, cochlear implantation, adding that patients are distributed centrally to hospitals affiliated with the initiative, to ensure that they receive medical service as quickly as possible. He noted that the services of the initiative to end waiting lists are entirely free of charge. Abdel Ghaffar indicated the ministry's interest in raising the level of performance in hospitals to provide the best medical services to patients, through continuous training of medical staff and providing hospitals with supplies and modern devices necessary to perform surgical interventions, in addition to the continuous development of the automated system for work in the initiative to facilitate follow-up and data extraction.

The current stage of the offering includes the technical offers, to be followed by the financial offers. The final decision is made and the partnership contracts are signed with the winning party by next September. The sources pointed out that there are a number of real estate companies competing to develop the building and have already submitted their technical offers. In March, TSFE, through its sub-fund for real estate investment, Egypt's Sub-Fund for Tourism, Real Estate Investment and Antiquities Development, signed a contract to transform the Interior Ministry's former headquarters into a sophisticated multi-use destination in the heart of the downtown area. A vision and development plan were developed based on the results of studies conducted by TSFE to determine the best scenario for using and exploiting the complex, before starting the project offering process.

Egypt’s Ministry of Health and Population has announced that 1,659,672 surgical operations were conducted as part of the presidential initiative to end waiting lists in public hospitals, since its launch in July 2018. Hossam Abdel Ghaffar, the official spokesperson for the Ministry of Health and Population, stated that the ministry followed up on more than 39,283 cases after performing operations, to ensure the quality of service provided to patients, during the period from January 2023 to mid-March, in addition to receiving 91,708 calls from waiting list patients, during the same period, via the hotline designated for the initiative. Abdel Ghaffar said that the initiative includes surgeries; heart, bones, ophthalmia, tumours, cerebral catheters, heart catheterisation, brain and nerves, kidney transplantation, liver transplantation, cochlear implantation, adding that patients are distributed centrally to hospitals affiliated with the initiative, to ensure that they receive medical service as quickly as possible. He noted that the services of the initiative to end waiting lists are entirely free of charge. Abdel Ghaffar indicated the ministry’s interest in raising the level of performance in hospitals to provide the best medical services to patients, through continuous training of medical staff and providing hospitals with supplies and modern devices necessary to perform surgical interventions, in addition to the continuous development of the automated system for work in the initiative to facilitate follow-up and data extraction.

Seven-time European champions Milan will now face either Inter Milan or Benfica, who meet on Wednesday at the San Siro with the Italian side leading 2-0 from the first leg. Milan coach Stefano Pioli said he would welcome a semi-final against their city rivals. After Milan won the quarter-final first leg 1-0, Napoli pushed for the opening goal from the start as the visitors were forced to defend deep against an attacking onslaught. Advertisement · Scroll to continueMeret saved Napoli again when he parried Giroud's attempt inside the box with his foot five minutes later. Osimhen was shackled all night until his added-time header but it came too late for Napoli and their disappointed fans.

Egypt is also famous for many hotels and tourist resorts, such as those in Sharm el-Sheikh and Hurghada, the Sun added. A land of historyThe US UrbanMatter website’s article “Discover the Wonders of Ancient Egypt: A Journey to the Great Giza Pyramids with TravelVerse,” focused on the rich, ancient history of Egypt’ grand relics. The report also referred to the city of Luxor, famous for its many magnificent ancient temples and the Valley of the Kings. It added that visitors can walk through the Ram Road which connects Luxor Temple with Karnak Temple, opened at the end of 2021. Visitors can even take hot air balloon trips and enjoy a stunning view of the city and its ancient monuments.

CAIRO - 18 April 2023: The Egyptian government has attracted $500 million from expatriates as part of an initiative allowing them to import cars for personal use free of customs duties and taxes in exchange for a deposit in foreign currency. In a statement on Saturday, Minister of Finance Mohamed Maait said 800 imported cars have been already released in Egypt. The minister shed light on the recent facilitations issued under the initiative, which include cutting customs tax by 70 percent. The government launched late last year the Egyptians Expats Cars app on both Android play store and iOS app store to allow the expats to apply for the initiative. The move came amid Egypt’s efforts to face the implications of the Russia-Ukraine war on its economy, including a drop in the country’s foreign currency reserves.

Egypt’s flag carrier EgyptAir on Tuesday said it will continue the suspension of its flight to and from Sudan’s Khartoum International Airport due to the continuous instability in Sudan. Several airlines including the Saudi flagship airline Saudia, UAE’s national carriers Emirates, flydubai and Air Arabia have halted flights to and from Sudan due to clashes. The decision was made after announcing that one of Saudia’s aircraft had been destroyed at the Khartoum airport. Satellite images shows the damage to Khartoum International Airport, due to conflict from the past couple of days. A UN envoy to Sudan said that the clashes in Sudan have killed 185 people and wounded another 1,800 as of Monday.

CAIRO – 18 April 2023: President Abdel Fatah al-Sisi delivered Tuesday a speech at the ceremony held to celebrate the ‘Night of Power’ thanking Al Azhar for promoting moderate Islam and welcoming foreign students specialized in Islamic studies. The president had met Monday evening with the Supreme Council of the Armed Forces (SCAF) to discuss the crisis in Sudan, where he stressed that negotiations are a must to resolve the issue. Egypt’s Armed Forces confirmed Saturday that its was closely following the situation in Sudan. Clashes erupted in several locations in the center of the Sudanese capital between the Sudanese Armed Forces and the Rapid Support Forces (RSF) paramilitary fighters. The Sudanese army and the RSF are trading accusations regarding who started the clashes.

Egypt - The competition for the acquisition of the Paints and Chemical Industries Company – Pachin began to raise controversy in the money market about the fair value of the company’s share. Sources close to the deal told Daily News Egypt that the companies are bidding on the price of the land, not the company’s stocks, explaining that the expected fair value should be lower than the current offers. National Dyes Industries raised the advance purchase price to EGP 39.8 per share, according to the latest amendment, and Eagle Chemicals amended the purchase offer to EGP 39 per share. Daily News Egypt monitored the opinions of some research centres to find out the fair value of the share and whether the bid was on the company or the land. It is likely that the value of Pachin’s share is less than the offered value, and the fair value of the share is estimated in the range of EGP 36.

“If the US Federal Reserve does not fix the interest rate, it will raise by a maximum of 25 basis points, which will attract more investments to the dollar,” he added. In televised statements, Shawky explained that this step would negatively affect the performance of other currencies worldwide, especially emerging markets. Shawky continued, in televised statements, that this step would negatively affect the performance of other currencies worldwide, especially in emerging markets. He anticipated a rise in the price of the dollar in Egypt in the coming period by no less than ten percent. Many international institutions also expect a rise in the price of the dollar against the pound soon, which is evident from the rise in future prices which exceeded LE40, he said.

Egyptian lawyer Mahmoud al-Semary filed a case with the Public Prosecutor to shut down the Netflix platform in Egypt, following the trailer release of “Queen Cleopatra,” a new documentary depicting the historical figure as a black woman. The Egyptian lawyer has demanded that serious legal action must be taken against those responsible for the documentary, and blamed the Netflix management team for its participation in “this crime”. The complaint submitted against Netflix stated, “Most of what Netflix platform displays do not conform to Islamic and societal values and principles, especially Egyptian ones.”It added that the movie trailer, which attracted millions of viewers across the globe, contradicts Egyptian history. The case said that the documentary promotes Afrocentrism which aims at distorting and obliterating Egyptian identity. Former Egyptian Antiquities Minister Zahi Hawass described depicting Queen Cleopatra as a black woman as “falsifying facts”, adding that “This is completely fake.