Four days after presumptive GOP nominee Donald Trump was convicted on 34 counts in his hush money trial in New York, President Joe Biden’s son Hunter will be called to answer for federal gun charges in Wilmington, Delaware. But a CBS/YouGov poll released Sunday showed that Americans believe 57% to 43% that the Manhattan jury reached the right verdict. His inflammatory remarks did not reflect the fact that his refusal to accept his 2020 election loss and his demagoguery are far more reflective of developing-world banana republics than a fair jury trial. Hunter Biden is entitled to the same presumption of innocence and a trial by a jury of his peers that Trump was. “I’d rather be on President Biden’s side of that contrast than on the extreme MAGA Republican side,” he said.

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), emphasized that tax policy plays a crucial role in attracting investment to Egypt. Goals include achieving tax justice, enhancing transparency, and unifying tax procedures across all departments. Sakr confirmed that directives from the Minister of Finance prioritize resolving disputed files and moving toward full automation of tax procedures. Mohanad Khaled, Managing Partner at BDO Khaled & Co., highlighted the challenges faced by the business community concerning the tax system. The primary objective of this meeting is to foster cooperation among the business community, investors, and the Tax Authority.

CAIRO - 3 June 2024: Member of the Palestinian National Action Committee, Ratiba Natsheh, said that Israel violated all agreements, treaties, and rules of war directly, intentionally. Al-Natsheh indicated, during a phone call with Al-Qahera News TV Channel, that the Israeli war on the Gaza Strip is still raging to upset the demographic balance in the Middle East, pointing out that there is no safe area in the Gaza Strip at the time the Israeli occupation continuing to target all areas, as well as the tents of the displaced. She stressed that the situation in Gaza exceeded all that could be described as humanitarian massacres. She added that the war in the Gaza Strip will not be witnessed in the modern world since World War II until today. She explained that the Gaza Strip needs 14 years to rebuild as a result of the massive amount of destruction, and the massive targeting of buildings, infrastructure, children, women, relief crews, civil defense crews, journalists, and hospitals in its entirety,

The Central Bank of Egypt (CBE) is set to auction local Treasury bills denominated in US dollars worth $500m on Monday. The proceeds from this auction will be used to settle a previous auction issued on June 6, 2023, during which the central bank raised $554.1m. In a similar auction held on 29 April 2023, the CBE received 23 bids totalling $1.1176bn from both local and foreign investors. Local banks and foreign institutions are allowed to subscribe to these dollar-denominated Treasury bills, with a minimum subscription of $100,000 and multiples thereof. The central bank then reviews these requests and accepts suitable bids.

According to the center, Hezbollah conducted 325 attacks against Israel's northern region in May. The report notes a daily average of 10 attacks, contrasting with April's figures, during which Hezbollah launched 238 attacks, averaging 7.8 attacks per day. Over the last four months (February to May), there has been a more than 12-fold increase in the number of drone attacks against Israel. In May, Hezbollah conducted 139 missile attacks, compared to 128 in April. Since the beginning of the conflict, Hezbollah has carried out 1,964 attacks along Israel's northern border, with 46% of them targeting infrastructure and civilian areas, as noted by the Israeli center.

Islam Zekry, the Group Chief Financial Officer at the Commercial International Bank – Egypt (CIB), emphasised the bank’s commitment to sustainable economies. CIB aims to stabilise the per capita share of gross domestic product (GDP) across Africa by focusing on green assets. Notably, CIB’s green assets account for 12%, a significant commitment even though this percentage remains well below the global average of 1%. “This framework is our gift to Africa to create a more balanced business and provide attractive products to customers. Zekry stresses that incentives are necessary, as well as identifying appropriate and future opportunities to direct funds to Africa.

He said: “The international financial architecture is facing a set of challenges as it was designed at a time when neither climate risks nor inequalities were considered as the main impediments to development. “We also look forward to deepening sustainable borrowings in the form of blended finance mechanisms in addition to aligning private capital and public goods through Public Private Partnerships. He also praised the recent launch of the historic Global Sustainable Hybrid Capital by the AfDB, an exemplary initiative optimising resources. He said: “A key highlight in this regard is the launch of the historic Global Sustainable Hybrid Capital of the AfDB early this year, which is a leading example in optimizing MDBs’ resources. Egypt and AfDB have been close partners since the Bank’s inception, and we will remain supportive of the AfDB’s continuous efforts across all streams.

CAIRO – 2 June 2024: Egypt has restated its unwavering position, emphasizing the requirement for Israeli withdrawal from the Palestinian side of the Rafah crossing as a crucial condition for reopening the crossing. A high-level source said that officials from Egypt, US, and Israel concluded a meeting in Cairo on Sunday, where they discussed the reopening of the Rafah crossing. The Egyptian security delegation emphasized Israel's full responsibility for the obstruction of relief and humanitarian aid materials from entering Gaza. The Rafah crossing has been closed since Israel escalated its operations in Gaza, deploying ground troops to Rafah city near the border with Egypt on May 7. Cairo has since refused to coordinate with Israel on aid delivery to Gaza through the crossing.

However, this prospect is increasingly being eroded by separatists for Taiwan independence and foreign forces,” Dong warned. The US also by longstanding policy does not support Taiwan independence nor the unilateral change of the status quo across the Taiwan Strait. It is also a rare opportunity to hear from, and pose questions to, senior Chinese military leaders. “The strategic environment in Asia has actually got more tense and I think we saw that in the Chinese defense minister’s speech today,” Ward said. “Every year for three years, a new Chinese defense minister has come to Shangri-La,” the official told CNN.

The rate of growth was higher than the Modi government’s forecast of 7.6 percent. Modi is running on his economic record over the past 10 years, a period of robust growth for India. It also experienced the largest percentage growth in GDP over the decade compared to other major economies. Despite the euphoria surrounding the growth figures, economists say there are enormous challenges facing the Indian economy in the next decade. Rising mercury levels in India risks reversing progress on poverty alleviation, health and economic growth, experts say.

Additionally, the deal offers a roadmap for achieving a permanent ceasefire and resolving the crisis, the mediators emphasized. The plan consists of three phases, starting with a six-week ceasefire and the withdrawal of Israeli forces from populated areas in Gaza. Hamas, which has maintained its demand for a permanent ceasefire in Gaza, has expressed a "positive" view of the proposal. In response to Biden's initiative, Israel’s Prime Minister called a permanent ceasefire in Gaza a “nonstarter” until its war aims, including destroying Hamas' military and governing capabilities, are met. Shoukry reiterated Egypt's support for all efforts aimed at ending the war in Gaza and facilitating a prisoner swap deal.

Shoukry emphasized Egypt's backing for immediate and permanent ceasefire measures and ensuring unrestricted access to aid. Shoukry and Blinken agreed to maintain close coordination to pursue an end to the Gaza war and address the escalating humanitarian crisis in the strip. During a speech at the White House on Friday, Biden outlined an Israeli proposal to end the war in Gaza, stating that "it's time for this war to end" and urging Hamas to accept the plan. The Israeli proposal has garnered international support, and Biden expressed his urging for Israeli leadership to stand behind the deal despite any political pressures. Hamas, which has maintained its demand for a permanent ceasefire in Gaza, has expressed a "positive" view of the proposal.

The African National Congress (ANC), South Africa’s ruling party since the end of apartheid, has garnered approximately 40% of the vote in the country’s general elections, as over 99% of ballots have been counted, according to the Independent Electoral Commission (IEC) on Saturday. This election result marks a historic shift as the ANC loses its parliamentary majority for the first time since the all-race vote of 1994, which ended the apartheid era and brought the party to power under Nelson Mandela. The latest count from the IEC reveals that with 99.16% of votes tallied from 23,096 out of 23,292 voting districts, the ANC leads with 6,344,057 votes, translating to 40.25%. Millions of South Africans cast their votes on Wednesday in what has been the most fiercely contested election since the apartheid era ended in 1994. This shift in political dynamics indicates a new era in South African politics, where the ANC must navigate coalition governance to maintain its influence and continue its leadership in the nation.

In a momentous endeavor poised to reshape the intersection of sports investment and healthcare provision, Al-Nas Hospital and Estadat, the owner of City Club Group, have embarked on a transformative collaboration protocol. This landmark agreement, sealed amidst the grandeur of the newly inaugurated Al-Nas Hospital premises, heralds a significant leap forward in philanthropy, community engagement, and corporate social responsibility. Al-Nas Hospital, a shining beacon of excellence in Egypt’s healthcare landscape, epitomizes an unwavering commitment to delivering unparalleled medical services and advancing societal welfare. With state-of-the-art operating theaters, intensive care units, and outpatient clinics, Al-Nas Hospital is poised to set new benchmarks in healthcare excellence. As the partnership gains momentum, driven by the shared values of collaboration and social responsibility, the collective efforts of Al-Nas Hospital and Estadat emerge as a potent force for societal change.

For instance, the F-16 fighters that NATO is already sending to Ukraine can carry nuclear weapons,” the embassy added. Poland has also permitted Ukraine to use Polish-supplied weapons to strike targets in Russia, as confirmed by Deputy Head of the Polish Defense Ministry, Cesary Tomczyk. Denmark has also joined the growing list of countries allowing Ukraine to use Western-supplied weaponry against Russian targets, with Foreign Minister Lars Løkke Rasmussen confirming that F-16 jets can be used to strike targets within Russia. NATO chief Jens Stoltenberg downplayed the risk of escalation from Moscow after the United States authorized Ukraine to use American weapons to target sites within Russia. Earlier, Russian President Vladimir Putin has threatened “serious consequences” if Western countries allowed Ukraine to use their weapons to strike targets in Russia.