CAIRO – 16 July 2024: Egypt on Tuesday expressed its condemnation of a shooting attack that took place in Al-Wadi Al-Kabir area in Oman's Muscat, leaving a number of people dead and injured. Posting on his X account, Spokesman for the Foreign Ministry Ahmed Abu Zeid said Egypt stands by the Sultanate of Oman at this critical time. The spokesman wished a speedy recovery for the wounded.
CAIRO – 16 July 2024: Egypt’s President Abdel Fattah al Sisi received a phone call from French President Emmanuel Macron. This is in addition to the role of the Egyptian-French partnership in supporting security and stability in the Middle East. During the call, the two presidents exchanged views on a number of regional and international issues, mainly developments in the Gaza Strip. President Sisi reviewed the ongoing Egyptian mediation efforts to reach an immediate ceasefire and the exchange of captives. French President Macron valued Egypt's tireless efforts since the outbreak of the crisis.
dopay, a fast-growing financial technology (fintech) company, has secured $13.5m in an extension to its Series A funding round. The company provides a digital payroll and payments platform for unbanked and underbanked workers in emerging markets. dopay’s innovative virtual banking platform allows employers to make digital cash payments to workers and beneficiaries. By addressing the core issue of efficient and timely payroll payments, dopay aims to transform the payroll landscape and contribute to Egypt’s broader economic development. Their success in Egypt will serve as a blueprint for expansion into other emerging markets, showcasing the transformative power of their digital payroll solutions.
July 15 (Reuters) - Former Bayern Munich and Liverpool winger Xherdan Shaqiri announced his retirement from international football on Monday, after a 14-year spell with the Swiss national team. Shaqiri has played 125 matches for Switzerland, scoring 32 goals. He is the only Swiss player to appear in seven major tournaments, from World Cup 2010 to Euro 2024. The 32-year-old made two appearances in Euro 2024 as Switzerland exited from the quarter-finals.
Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed Egypt’s exceptional potential in the mining sector, positioning it as an attractive investment destination. His remarks came during his participation in a panel discussion at the Egypt Mining Forum on Tuesday. Badawi highlighted the significant role of global mining companies operating in Egypt and their active contributions, particularly in providing advanced technologies, modern techniques, and expertise. Horgan confirmed the availability and feasibility of solar energy in Egypt to support mining projects. The Egypt Mining Forum, held under the patronage of President Abdel Fattah Al-Sisi, serves as a platform for industry leaders, government officials, and investors to discuss the latest trends, challenges, and opportunities in Egypt’s mining sector.
The exchange rate of the US dollar against the Egyptian pound stabilized on Friday after the last decline recorded on Thursday, as weekly trading closed on a downward trend. Here are the dollar exchange rates at some of the major Egyptian banks on Friday. These reforms included a move towards a more flexible exchange rate system, allowing the market to determine the value of the dollar to some extent. This could lead to more confidence in the Egyptian pound, causing its value to rise. Temporary Fluctuation: It’s also possible that the decline is a temporary fluctuation within the new, more flexible exchange rate system.
New York CNN — A stalemate in Washington could destroy a landmark tax deal that was painstakingly hammered out among 140 countries over the better part of a decade. Some analysts say that the United States’ inability to ratify the deal could lead to a tax war among the richest nations that would hit tech behemoths like Google, Apple, Meta and Amazon particularly hard. Canada recently implemented a local tax on the world’s largest tech companies, something the OECD treaty had sought to avoid. New Zealand has also said it will implement its own digital services tax on large multinational companies beginning in 2025. The FTC also said that documents showed that competing mattress suppliers would lose access to its most important retail channel.
Throughout the rich history of Egyptian cinema, male artists have consistently dominated the box office, drawing large audiences and achieving impressive revenues. However, female stars, despite their ability to generate significant income through their cinematic works, have often been overlooked. Despite these remarkable achievements, recent years have seen a lack of female artists competing with male stars for box office success. Perhaps critics and cinephiles can shed light on the current box office stars of our time. Emerging Female Artists ShineCritics like Walid Saif recognize the emergence of a group of young female artists who play significant roles.
They discussed ways for Malaysia to benefit from Al-Azhar's expertise in combating extremism. King Ibrahim requested Al-Azhar to increase the number of scholars sent to various Malaysian states and expand educational opportunities for Malaysian youth to join Al-Azhar University. He emphasized leveraging Al-Azhar's vast experience in combating extremism through a proposed conference in Malaysia, involving Al-Azhar scholars to articulate proper Islamic approaches to contemporary issues such as coexistence, tolerance, and combating hatred. Grand Imam Al-Tayeb congratulated King Ibrahim on his ascension to the throne of Malaysia, expressing hopes for continued prosperity and progress under his leadership. He noted the significance of his first visit to Malaysia since assuming the position of Grand Imam, acknowledging Malaysia as a model Muslim state capable of sustainable development and pride in Al-Azhar's historical ties with the country.
Lieutenant General Abdel Megeed Sakr, who was promoted from Major General of Staff on Wednesday, has been sworn in as the new Minister of Defence and Military Production. He succeeds Lieutenant General Mohamed Zaki. Born in 1962, Sakr holds a bachelor’s degree in military sciences from the Military College, a fellowship from the National Defense College, and a master’s degree in military sciences from the Military Academy for Postgraduate and Strategic Studies. He also served as the head of the Military Police Department and was appointed Governor of Suez in 2018. Sakr has been honored with several orders and medals, including the Military Duty Medal (first class) and the Long Service and Good Example Medal.
Egypt’s Minister of Health, Khaled Abdel Ghaffar, was sworn in before Egyptian President Abdel Fattah Al-Sisi as the Minister of Health in the new cabinet reshuffle. Following nearly 10 months as the acting minister, he succeeded Hala Zayed to become the Minister of Health and Population. Before his ministerial roles, Abdel Ghaffar held several academic positions at Ain Shams University. Abdel Ghaffar’s international experience includes being a visiting professor at the College of Dentistry, University of Georgia (US), and the College of Dentistry, University of Texas, Houston (US). He received the State Incentive Award in Medical Sciences and was recognized for distinguished research at Ain Shams University.
Foreign Minister Sameh Shoukry Tuesday emphasized Egypt’s keenness on the active involvement in efforts of mediation and settling disputes along with pushing forward efforts aimed at achieving stability and development. “Egypt – as a peace making nation – is eager to actively engage in efforts of mediation and resolving disputes alongside supporting efforts aimed at attaining stability and development through active participation in the peace-keeping forces and providing training for African cadres in various domains, in a way the contributes to supporting state’s national institutions, within the framework of Egypt’s pioneering status regarding the Post-conflict Reconstruction and Development (PCRD) file and its chairmanship of the African Union Development Agency (AUDA-NEPAD) Heads of State and Government Orientation Committee,” Shoukry said. The foreign minister was addressing the inaugural session of the fourth edition of Aswan Forum for Sustainable Peace and Development, which kicked off in Cairo earlier Tuesday. “This edition of the forum is taking place amid critical time when the world and African continent are facing massive challenges amid the geopolitical tensions, global economic challenges and an international community battered by unprecedented exacerbated wars and conflicts, whether in Gaza or Sudan, a matter that presses African nations to adopt a comprehensive vision for confronting challenges facing peace, security and development,” Shoukry said. He said that the event is an extension of Egyptian efforts aiming at advocating the African interests, noting that this year Egypt will celebrate the anniversary of hosting the first summit of the Organization of African Unity in 1964.
The Ministry of Investment and Foreign TradeCAIRO – 03 July 2024: In Mostafa Madbouly's latest government, the Ministry of Investment and Foreign Trade was reinstated. The ministry will now incorporate various entities involved in foreign trade and exports, such as the Commercial Representation Authority, Trade Agreements Sector, Exhibition Authority, Export Development Fund, Export Development Authority, and Export Control Authority. Foreign trade plays a crucial role in economic development by promoting exports across sectors and enhancing local production to better compete globally. This integration will streamline the development of sustainable economic and social plans until 2030, ensuring effective monitoring, evaluation, and implementation. These efforts are aimed at attracting international funding for projects that contribute to the realization of economic development plans and objectives.
CAIRO - 3 July 2024: The largest ever cabinet reshuffle in Egyptian history has taken place after 24 new ministers took oath Wednesday. A total of 30 ministers holding 31 ministries took the oath before President Abdel Fattah al-Sisi. Only eight of the old cabinet remained in the government, two of whom had their ministries changed. The average age of ministers decreased from 64 years old to 56. Ministers with military backgrounds decreased from 22 to 16.
Biden’s unsteady voice and bulging eyes were a stark contrast to Trump’s demeanour. American presidential experts emphasize the critical importance of the first 30 minutes of a debate. During the debate with Trump, it became evident that he possesses exceptional awareness and mental acuity, despite his occasional deliberate falsehoods. In contrast, Trump remained articulate, lucid, and composed, especially when addressing key topics like abortion, taxes, and illegal immigration, which are important to American voters. It proved challenging, from a human perspective, to witness the American president appearing before millions of viewers worldwide on television, grappling with the effects of ageing.
