One of the top qualifiers from the second edition of the “FinTech Got Talent” competition, organized by “FinTech Egypt”—an initiative by the Central Bank of Egypt (CBE)—has secured first place at the “Arab FinTech Challenge” for the second consecutive year. The competition took place in Dubai as part of the “GITEX North Star 2024” exhibition. This remarkable achievement reflects the CBE’s unwavering dedication to empowering and supporting youth in the FinTech sector. Second Place: Cairo University’s Faculty of Economics and Political Science team. This initiative cements Egypt’s position as a hub for FinTech innovation, fostering a new generation of talented leaders in the financial technology landscape.

The Chemical and Fertilizer Export Council reported a significant rise in exports from January to September 2024, totaling $6.5bn, marking a 5% increase compared to the same period in 2023. Plastics and resins led the growth with a 29% increase, reaching $2bn. Khaled Abu El-Makarem, Chairman of the Chemical and Fertilizer Export Council, attributed this growth to sustained efforts to boost the global competitiveness of Egyptian products despite existing challenges. However, he forecasted that the sector’s exports would reach $8.5bn by the end of 2024, driven by heightened global demand, enhanced local production capabilities, and supportive government policies. Italy, France, and the United Kingdom also demonstrated positive growth, consolidating their positions as key markets for Egyptian exports.

The T-bills were offered in two installments, with the first valued at LE 45 billion with a 91-day term, and the second worth LE 27 billion with a 273-day term. The Ministry of Finance plans to issue 26 treasury bill and bond auctions worth LE 542 billion in November. This includes 16 treasury bill auctions totaling LE 480 billion and 10 bond auctions worth LE 62 billion. Additionally, two bond auctions for two-year bonds worth LE 10 billion are planned, along with two "floating-rate" auctions for three-year bonds totaling LE 4 billion, and four fixed-rate bond auctions for three years worth LE 44 billion. There will also be two floating-rate bond auctions for five years worth LE 4 billion.

CAIRO – 24 November 2024: Minister of Foreign Affairs and Immigration Badr Abdelatty met Sunday with Kuwaiti Deputy Prime Minister, Minister of Defense and Acting Minister of Interior Sheikh Fahad Yousef Saud Al-Sabah. The minister presented the steps and measures taken by the Egyptian government to improve the investment climate and eliminate obstacles that face investors, as well as the investment opportunities available in various sectors that can be seized by Kuwaiti firms. In another context, the minister hailed the Kuwaiti authorities for providing care to Egyptian expats, commending the outcomes of the convention of the joint labor committee in August. In that framework, Minister Abdelatty expressed readiness to supply qualified and trained labor, highlighting the successful experience of joint online employment platforms with other countries. The Egyptian minister also welcomed discussions on security and military collaboration to overcome security challenges, especially those pertinent to cybersecurity.

But there’s a growing expectation that he will quickly make at least one new vacancy by firing FBI Director Christopher Wray. “There certainly was the question, can any president fire an FBI director when there’s a legislated 10-year term,” Charles said. Robert S. Mueller III, who happened to be the former FBI director. It also concluded that while Trump’s campaign in 2016 expected help from Russia, it didn’t conspire with Russia. In this 2017 photo, then-President Donald Trump sits with FBI Director Christopher Wray in Quantico, Virginia.

CAIRO- 24 November 2024: The Egyptian Ministry of Local Development has instructed the governorates to declare a state of emergency in response to the severe weather and rainfall affecting several regions. The Egyptian Meteorological Authority (EMA) announced that a weather trough centered over the Mediterranean Sea will bring increased wind activity across the country. Meanwhile, the General Traffic Department's operations room has declared a state of emergency to manage weather-related disruptions. Meanwhile, southern Upper Egypt, including Luxor and Aswan, will see temperatures fall from 29°C to around 23°C in the coming days. Northern Upper Egypt will also experience a moderate cool-down, with temperatures ranging between 20-22°C throughout the week.

The Central Bank of Egypt (CBE) expects inflation to stabilize at its current levels until the end of 2024, despite facing upward risks such as geopolitical tensions and a potential return to protectionist policies. The committee’s decision aligns with the consensus among investment banks and analysts, who advocated for stable interest rates amidst the upward risks surrounding the inflation outlook. CBE added that despite increased expectations for declining global commodity prices—particularly energy—the upside risks to inflation persist. These trends, combined with a slowdown in monthly inflation rates, suggest improving inflation expectations and a continued downward trajectory, despite fiscal consolidation measures. It will assess inflation forecasts, monthly inflation trends, and the effectiveness of monetary policy transmission mechanisms.

The Zhangjiang Valley in Shanghai is a dedicated industrial park spanning 4.2 kilometers, focusing on developing robotics manufacturing chains. Experts in medical robot patents are working on artificial intelligence and remote diagnosis. The Zhangjiang Robotics Valley is focused on developing medical robots for interventional procedures in the middle vascular cavity. China’s prideThen there is ‘Allengo’, a four-legged, multi-eyed inspection robot designed to navigate rough terrains, fires, and highly explosive areas. This robot was developed by the Shanghai Institute of Robotics Industry and Artificial Intelligence Systems.

CNN —For Democratic pro-Palestinian activists, Donald Trump’s reelection delivered a bitter vindication. Led by the Uncommitted National Movement, they spent months pushing and pleading with the Biden administration to scale back its support for Israel’s war in Gaza. “I don’t have any regrets,” Uncommitted spokesman and strategist Waleed Shahid told CNN. After weeks of back-and-forth, on the final night of the confab, party officials inside the United Center told Uncommitted leaders it was a no-go. “The thing I’ve been saying and I will always say is that these uncommitted voters are our voters, they’re our family,” Barnes told CNN at the time.

The Maulana Azad Centre for Indian Culture (MACIC), under the Embassy of India in Cairo, organized the 28th edition of the Glimpses of India painting competition. Organized in collaboration with the Ministry of Education of the Arab Republic of Egypt, the competition witnessed participation from approximately 22,572 school children representing 1,427 schools. This large-scale participation underscores the deep cultural and people-to-people connection between India and Egypt. The competition has become more than an artistic event—it serves as a cultural bridge between the two nations. For the past 28 years, MACIC in Cairo has been organizing the Glimpses of India competition annually in collaboration with Egyptian authorities.

Abdelatty held political consultations with Lunda, who is making her first visit to Egypt on the anniversary of the establishment of diplomatic relations between the two countries in November 1960. The ministers discussed ways to enhance bilateral relations and expand cooperation in various fields. They emphasized the importance of enhancing cooperation between chambers of commerce and business associations in both countries to elevate economic cooperation. Abdelatty added that Egypt looks forward to maximizing the benefits of the free trade agreement between Egypt and the bloc. Following the consultations, a memorandum of understanding for cooperation was signed between the Institute for Diplomatic Studies of the Egyptian Ministry of Foreign Affairs and the Diplomatic Academy of Bolivia.

CAIRO – 22 November 2024: Israeli National Security Minister Itamar Ben Gvir stormed on Friday the Ibrahimi Mosque in Al-Khalil city southern West Bank. The Israeli far-right minister performed Talmudic rituals with dozens of settlers. Palestinian media reported that ‘Zionist extremist Itamar Ben Gvir stormed the Ibrahimi Mosque in the city of Hebron [Al-Khalil] in the southern West Bank.’The International Criminal Court (ICC) issued on Thursday an arrest warrant for Israeli Prime Minister Benjamine Netanyahu and former Israeli Defense Minister Yoav Gallant. In a statement, the Hamas movement welcomed the court’s decision and call d for expanding the scope of accountability against the Israeli officials over war crimes against the Palestinians. The movement added that this step “constitutes an important historical precedent, and a correction to a long path of historical injustice against our people.”

CNN —Pope Francis has said that allegations of a genocide in Gaza should be “carefully investigated” marking some of his strongest criticism yet of Israel’s war with Hamas. “According to some experts… what is happening in Gaza has the characteristics of a genocide,” Vatican News, the Holy See’s official news outlet, cited the pontiff as writing in a forthcoming book. Pope Francis rarely comments on politics, often limiting his remarks to calls for peace. He lamented that “unarmed civilians are targets for bombs and gunfire” in Gaza and invoking scripture on war. Israel’s war in Gaza has killed more than 43,000 Palestinians, the ministry of health there says, and has flattened large swathes of the territory, triggering a humanitarian crisis.

CAIRO - 22 November 2024: The Egyptian Meteorological Authority (EMA) expected a temperature decrease of 3 to 4 degrees in most areas nationwide, accompanied by strong winds that will intensify the feeling of cold. It is expected that the maritime navigation in the Mediterranean Sea will be disrupted due to the unstable weather, EMA added. Additionally, scattered rain showers of varying intensity are forecasted to begin in the northern regions of the country starting Sunday. Fahim added that, for the first time, nighttime temperatures are expected to drop to 12-13°C, creating a cold winter atmosphere. Meanwhile, hot weather will persist during the day in southern Upper Egypt, contributing to increased temperature fluctuations.

The much-anticipated second season of the Maven Jr. NBA League is now open for registration, offering boys and girls aged 12-15 the opportunity to develop their basketball skills in a dynamic and exciting environment. This season, the league will take place in West Cairo, providing a vibrant setting for young athletes to hone their abilities, build teamwork, and foster sportsmanship. In collaboration with Maven Developments, the Jr. NBA League aims to promote youth sports and a healthy lifestyle, while offering valuable mentorship and coaching from experienced NBA professionals. Starting this month, assessments will be conducted to evaluate participants’ skills and place them in teams that best match their level of play. Parents and guardians can register their children for the league through the official registration portal: Jr. NBA League Registration.