At the conclusion of its three-day meeting in Cairo at the headquarters of the Ministry of International Cooperation, the Saudi Arabia Grant Management Committee signed several financing agreements to contribute to financing small, medium and micro enterprises, worth up to LE300 million. The total sum is divided into LE100 million with the Industrial Development Bank, LE100 million with Banque du Caire, and LE100 million with the Enmaa Finance Company. The agreement signed with the Industrial Development Bank aims to finance a program to purchase new easy interest rates directed to Upper Egypt and other regions most in need, especially for micro-enterprises closest to growth to small enterprises. The financing agreement signed with Enmaa Finance aims to finance, support and develop specialized financing programs through financial leasing activity with a focus on the medical sector. She expressed hopes to open new horizons for partnering with Saudi Arabia in supporting the national development agenda.

January 01, 2022 13:22 UTC

CAIRO (AP) — The World Food Program has suspended its operations across Sudan’s province of North Darfur following recent attacks on its warehouses, a decision expected to affect about 2 million local people. A statement released by the U.N. food agency Thursday said all three of its warehouses in the area were attacked and looted. Earlier in the week, the WFP said an unidentified armed group had attacked one of its warehouses in North Darfur’s provincial capital of el-Fasher. Sudan is one of the poorest counties in the world, with nearly 11 million people in need of food security and livelihood assistance in 2022, said the WFP. The agency urged Sudanese authorities to recover the looted stocks and guarantee the security and safety of the WFP operations in North Darfur.

January 01, 2022 12:02 UTC

CAIRO- 1 January 2022: Egypt expressed its deep sorrow and sincere sympathy to Sudan over killing dozens of people in a gold mine that collapsed in West Kordofan State, said the Egyptian Foreign Ministry in a statement on Friday. “The government and people of Egypt extend its sincere condolences to the government and people of Sudan and to the families of the victims, wishing a speedy recovery for the injured, and affirming its full solidarity with Sudan in this painful circumstance,” the statement read. The accident lead to the killing of 32 people and injuring others two days ago, CNN reported

January 01, 2022 08:17 UTC

The Egyptian Meteorological Authority expected unstable weather to continue on Saturday, in most parts, without rainfall in southern Upper Egypt, which saw light rain on Friday. Meteorologists expect moderate to heavy thunder rain, accompanied by snowflakes at times, in the governorates of northern Upper Egypt and the Suez Canal. Rains that reach the level of torrential rain will continue, Saturday, in the Red Sea Governorate and Sinai. Meteorologists expect rains, moderate thunderstorms at times and rain in Greater Cairo, northern Upper Egypt, and southern Lower Egypt. Edited translation from Al-Masry Al-Youm

December 31, 2021 21:33 UTC

CAIRO – 31 December 2021: The security forces have intensified measures nationwide ahead of New Year celebrations and Christmas. The security directorates have implemented an intensified security plan to secure the celebrations through intensive security deployment in all road axes, squares, important installations and places of worship. Minister of Interior Mahmoud Tawfiq reviewed Wednesday during a meeting with some of his assistants and top security officials the ministry's strategy for maintaining nationwide security, as Christmas and New Year's festivities are expected within few days. The minister initiated the meeting by thanking all the members of the Egyptian police forces for their diligent efforts recently. The meeting also tackled the ministry's measures to follow up the strict implementation of anti-coronavirus precautions, in line with a State comprehensive plan to stem the virus spread.

December 31, 2021 12:30 UTC





read moreAt the same time the central bank’s net foreign currency holdings – its effective buffer against financial crisis – plunged to nearly a two-decade low. However, Thursday’s data showed that most of last week’s lira appreciation in fact had been driven by central bank intervention, said Per Hammarlund, chief EM strategist at SEB. “(The locals) are not rushing to convert their dollar savings into lira, that is for sure,” Hammarlund added. read moreTHIN BUFFERCentral bank data showed net international reserves hit $8.63 billion last week, their lowest since 2002, from $12.16 billion a week earlier. read moreThe central bank has announced five direct interventions this month to support the lira, which bankers say totaled $6-$10 billion.

December 31, 2021 09:14 UTC

REUTERS/Lee SmithCAIRO - Egypt received on Thursday morning a shipment of 347,460 doses of AstraZeneca coronavirus (COVID-19) vaccine, said the Egyptian Acting Minister of Health Khaled Abdel-Ghaffar in a statement on Thursday. In comments to Youm7 newspaper, the Ministry’s Spokesperson Houssam Abdel-Ghaffar said that Egypt would receive 6 million doses of AstraZeneca vaccine on January 5. By the end of 2021, Egypt has administered a total of 55,662,624 million doses of the coronavirus vaccines, according to Acting Health Minister Khaled Abdel Ghaffar on Wednesday. He added that the country has imported a total of 119,288,130 vaccine doses with 64,335,246 still available for use. Cairo International Airport received on Saturday more than 1.9 million Moderna and Pfizer coronavirus vaccine doses.

December 30, 2021 23:26 UTC

CAIRO – 30 December 2021: In the following lines, ET sheds light on an important world event that took place on December 30. 2006 - Execution of former Iraqi President Saddam Hussein. Former Iraqi President Saddam Hussein was executed on December 30, 2006, but what exactly happened? “In December 2006, I was at the headquarters of the Central Intelligence Agency, tasked with awaiting Saddam's execution. Only God knows what happened between Saddam and his captors.

December 30, 2021 16:41 UTC

CAIRO - 30 December 2021: Minister of Interior Mahmoud Tawfiq reviewed Wednesday during a meeting with some of his assistants and top security officials the ministry's strategy for maintaining nationwide security, as Christmas and New Year's festivities are expected within few days. The minister initiated the meeting by thanking all the members of the Egyptian police forces for their diligent efforts recently. He ordered the officials to remain vigilant and raise state-wide security alert to its highest level during the period ahead, to ensure the safety of citizens and secure critical state institutions and religious buildings. The meeting also tackled the ministry's measures to follow up the strict implementation of anti-coronavirus precautions, in line with a State comprehensive plan to stem the virus spread.

December 30, 2021 12:38 UTC

The Egyptian Meteorological Authority warned of unstable weather conditions until Monday. Cold weather will continue during the day in Greater Cairo, Lower Egypt and the northern coasts, moderate in northern Upper Egypt, warm in South Sinai and southern Upper Egypt, very cold at night, reaching the point of frost in central Sinai. Moderate and sometimes scattered rain is expected at 50 percent on areas of southern Lower Egypt, Greater Cairo and northern Upper Egypt, intermittently. Weather forecast for Monday, January 3, 2022:Light to medium rain is expected at 50 percent probability on areas of the northern coasts and northern Lower Egypt. Active wind is predicted on areas of the western coasts, South Sinai and northern Upper Egypt at intermittent periods.

December 30, 2021 11:46 UTC

CAIRO – 30 December 2021: By the end of 2021, Egypt has administered a total of 55,662,624 million doses of the coronavirus vaccines, according to Acting Health Minister Khaled Abdel Ghaffar on Wednesday. The minister said the country has administered 34,606,074 first vaccine shots and 21,056,550 second vaccine shots. He added that the country has imported a total of 119,288,130 vaccine doses with 64,335,246 still available for use. Cairo International Airport received on Saturday more than 1.9 million Moderna and Pfizer coronavirus vaccine doses. According to informed sources, the shipment included 462,000 Moderna doses and 1,501,000 Pfizer doses.

December 30, 2021 09:28 UTC

A number of countries posted all-time highs during the previous 24 hours, including Argentina, Australia, Bolivia, the United States and many nations in Europe. Studies have suggested Omicron is less deadly than some previous variants. Earlier this week U.S. health authorities released new guidance shortening the isolation period for people with a confirmed infection to five days from 10, so long as they are asymptomatic. Some experts questioned the new CDC rules that halve the isolation period for asymptomatic coronavirus infections, saying more infections could result. Ireland, too, reported record cases on Wednesday, with more than 16,000 new infections.

December 30, 2021 09:10 UTC

“My country still faces a big gap in chip technology,” said industry analyst Liu Chuntian of Zero Power Intelligence Group. China accounts for 23% of global chip production capacity but only 7.6% of sales. Washington and Europe, citing security worries, block access to the most advanced tools Chinese chipmakers need to match global leaders in precision and efficiency. Beijing says it will spend $150 billion from 2014 through 2030 to develop its chip industry, but even that is a fraction of what global leaders invest. Beijing encourages smartphone and other manufacturers to use suppliers within China, even if they cost more, but officials deny China wants to detach from global industries.

December 30, 2021 02:44 UTC

Cairo – December 29, 2021: The National Seismological Network in Egypt recorded a 5.9-magnitude earthquake near the island of Crete, which was felt by citizens in some Egyptian cities at 7:15 am local time. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes.

December 29, 2021 22:51 UTC

WASHINGTON (AP) — U.S. health officials’ decision to shorten the recommended COVID-19 isolation and quarantine period from 10 days to five is drawing criticism from some medical experts and could create more confusion and fear among Americans. To the dismay of some authorities, the new guidelines allow people to leave isolation without getting tested to see if they are still infectious. The CDC similarly shortened the amount of time people who have come into close contact with an infected person need to quarantine. But other experts questioned why the CDC guidelines allow people to leave isolation without testing. The French government said Monday that it will soon relax its isolation rules, although by exactly how much isn’t yet clear.

December 29, 2021 20:29 UTC