Egypt released 172,000 tonnes of fodder raw materials from the ports, including corn and soybeans, at a value of $81m, last Wednesday and Thursday. Minister of Agriculture and Land Reclamation El-Sayed El-Kosayer revealed that this was done in coordination with the Central Bank of Egypt (CBE) and through the banking sector. Egyptian Prime Minister Moustafa Madbouly announced that goods worth about $300m were released during these two days. El-Kosayer explained that the release included 146,000 tonnes of corn at a value of $58.4m, 26,000 tonnes of soybeans at a value of $19.2m, and feed additives worth $3.4m. According to the Egyptian minister, the total released fodder raw materials, during the period from October 16 to December 22, 2022, amounted to about 1.427 million tonnes, at a value of $713m, including 971,000 tonnes of corn, and 456,000 tonnes of soybeans and feed additives.

Egypt released 172,000 tonnes of fodder raw materials from the ports, including corn and soybeans, at a value of $81m, last Wednesday and Thursday. Minister of Agriculture and Land Reclamation El-Sayed El-Kosayer revealed that this was done in coordination with the Central Bank of Egypt (CBE) and through the banking sector. Egyptian Prime Minister Moustafa Madbouly announced that goods worth about $300m were released during these two days. El-Kosayer explained that the release included 146,000 tonnes of corn at a value of $58.4m, 26,000 tonnes of soybeans at a value of $19.2m, and feed additives worth $3.4m. According to the Egyptian minister, the total released fodder raw materials, during the period from October 16 to December 22, 2022, amounted to about 1.427 million tonnes, at a value of $713m, including 971,000 tonnes of corn, and 456,000 tonnes of soybeans and feed additives.

Egyptian tycoon businessman Samih Sawiris will play the piano at two concerts will be performed by the Swiss Symphony Orchestra in el-Gouna and the Cairo Opera House, in Egypt. The first Swiss Orchestra concert will be held at el-Gouna Campus theater, on Friday, January 13. Another concert for the Swiss Orchestra will be held in the main hall of the Cairo Opera House on Sunday, January 15. Commenting on the two events, Sawiris said: “Six years ago I decided to learn to play the piano and participate in the orchestra Concerto for piano, and now the time has come.”He added, “I am pleased to donate all the proceeds of the two concerts to establish a one-class school in villages that do not have schools.”

The deal will help to speed up FTG’s open finance and open banking platform’s market penetration in Egypt, develop and launch new digital solutions, and push financial inclusion forward. Al-Zamil added that all of Underlie’s current employees have been retained and warmly welcomed to Fintech Galaxy Egypt’s operationsUnderlie leverages open API technology and machine learning to empower banks and fintech companies to provide their customers with better services and benefits. “This acquisition is a testament to the positive impact Underlie has achieved so far,” said Akram Abdou — Founder of Underlie. Mirna Sleiman — CEO and Founder of Fintech Galaxy — said: “The acquisition of Underlie anchors our open banking/open finance efforts and enables us to succeed in providing enhanced, seamless, and enjoyable financial experiences, expanding, and consolidating our position across MENA. Cross-border collaboration is key to moving the needle on financial inclusion in Egypt and beyond.”© 2022 Daily News Egypt.

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The “Doomsday” coronavirus variant has sparked panic after it infected about 250 million people during the month of December in China. Al-Masry Al-Youm published all the details related to the new variant of coronavirus, which was named Doomsday as a result of its rapid spread. The Chinese Center for Disease Control and Prevention believes that 18 percent of the population has been infected with the Doomsday variant. The newspaper added that nearly a million people are expected to die in China due to the Doomsday variant in the coming months. Doomsday is a new variant of the coronavirus which broke out in Wuhan, China, in late 2019, and led to worldwide closures later to curb its spread.

Egyptian President Abdel Fattah al-Sisi spoke about the importance of introducing the personal status law for societal dialogue during the coming period. Sisi called on the Egyptian Minister of Justice, Omar Marawan, to talk about the latest developments in the amendments to the law, and to conduct societal dialogue. Sisi spoke about creating a “family to be a source of spending to children in cases of disagreement between parents. Whoever is able to hold a wedding can pay that amount, which is not a lot,” he added. The Minister of Justice said that all segments of society will be invited to discuss the draft personal status law, and it will be presented to the House of Representatives, the Senate, and the cabinet as soon as it is completed.

CAIRO – 26 December 2022: Chairman of the National Service Projects Organization Major-General Walid Hassan Abou El Magd stated Monday that six plants for the production of nitrogenous fertilizers will be inaugurated in Ain Sokhna soon. Abou El Magd added that another for the manufacturing of chlorine and caustic soda is also under construction in Giza's Abou Rawash industrial zone. The official pointed out that the organization's El Nasr Company for Intermediate Chemicals – founded in 1972 – owns now 39 plants operating in the sectors of chemicals and phosphatic fertilizers. That is because 13 additional plants were built over the past eight years. Abou El Magd's statements came on the sidelines of the inauguration of new plants that produce medical and industrial gases in Abou Rawash Chemicals Complex.

CAIRO – 26 December 2022: Minister of Health and Population Khaled Abdel Ghaffar discussed Monday with the officials of the National Council for Population the creation of records for females to document their health, educational, and professional statuses since birth with the aim of providing adequate services and support. The meeting's recommendations also included teaching information on reproductive health at schools starting the next academic year. That is in addition to speeding up the activation of laws that criminalize child marriage, child labor, not registering newborns, and schooling deprivation. Moreover, Minister Abdel Ghaffar also recommended the unification of material communicated at family planning lectures held nationwide. He also urged following up on the accomplishment of the targets of such campaigns at various governorates.

An Egyptian delegation visited Tanzania to witness the start of reservoir filling in the Julius Nyerere Dam and Hydroelectric Plant, which is being built by an Egyptian alliance of Arab Contractors and Elsewedy Electric. The dam is considered the largest development project in Tanzania. The meeting also addressed the progress of development projects in the New Administrative Capital, especially the residential neighbourhoods, the financial and business district, squares, axes, and the Green River area. Al-Sisi stressed that the project must be consistent with the character and unique spiritual value of that sacred spot in Egypt. He also presented the New Urban Communities Authority’s vision for developing its land allocation mechanism in the next 10 years.

The Central Bank of Egypt (CBE) extended on Sunday its initiative to support companies operating in the tourism sector for additional three months, ending in March 2023. The initiative, which allows companies to obtain loans with a decreasing 8% interest rate, within which the banks will accept the beneficiaries’ requests to delay dues repayment to the banks. The CBE also extended the retail loan initiative for workers in the tourism sector to March 2023. Those initiatives covered by the decision included the mortgage finance initiatives for low and middle-income people, the tourism support initiative, the obsolete vehicle replacement initiative, and the modern irrigation initiative. The decision did not include other initiatives for the private sector, industry, and small and medium enterprises.

Bahraini King Hamad bin Isa Al Khalifa has issued Royal Decree No. 68 of 2022 forming the cabinet, state news agency BNA reported Monday. Under Article 1 of the decree, Shaikh Khalid bin Abdulla Al Khalifa is appointed as Deputy Prime Minister. Abdulla bin Hassan Alnoaimi was appointed as Minister of Defense Affairs, Wael bin Nasser Al Mubarak as Minister of Municipalities Affairs and Agriculture, Dr Mohammed bin Mubarak bin Daina as Oil and Environment Minister, Mohammed bin Thamer Al Kaabi as Minister of Transportation and Telecommunications, and Ibrahim bin Hassan Al Hawaj as Minister of Works. Under Article 3, the Prime Minister shall implement provisions of this royal decree which takes effect upon its publication in the official Gazette.

CAIRO – 25 December 2022: The Egyptian Railways Authority (ERA) began Sunday the pilot operation of the second Talgo train between Egypt and Alexandria, one day after the first officially entered service and that also operates between the same two cities. The value of the first-class ticket is LE200, while that of the second-class ticket is LE150. Egypt purchased from Talgo six trains in a deal worth €157 million. Each consists of five air-conditioned first-class railcars, eight air-conditioned second-class railcars, caboose, engine, and power car. The trains are made of aluminum, which makes them lighter, and as a result, reduces the consumption of fuel.

The dam has been implemented by The Arab Contractors and Elsewedi Electric at $3 billion. The reservoir's capacity is 34 billion cubic meters, and that of power generation is 2,115 megawatts. The minister also presented the executive status of the New Administrative Capital, and Walk of Egypt established on both banks of the Nile River. That is in addition to the ongoing renovation works of the areas of Cairo Aqueduct, and Maspero Triangle. The goal is providing them with alternative houses in nearby Zohour Mayo City.

Trade Minister Ahmed Samir had talks with senior Saudi officials on means of promoting bilateral ties at the commercial and investment levels. The talks tackled means of benefiting from the great economic potentials of Egypt and Saudi Arabia. During his visit to Saudi Arabia, Samir had intensive talks with Saudi Minister of Industry and Mineral Resources Bandar bin Sultan Al Saud, Trade Minister Majid bin Abdullah Al Qasabi and other senior officials. Samir discussed with Saudi Minister of Industry and Mineral Resources Bandar bin Sultan Al Saud means of enhancing industrial and investment cooperation and realizing industrial integration. Samir’s talks with Saudi Trade Minister Majid bin Abdullah Al Qasabi reviewed the importance of promoting joint efforts to boost trade between the two countries.