Musk, the Tesla and SpaceX visionary, has spent the last two weeks basking in Trump’s reflected glory at Mar-a-Lago. He’s around so much it’s almost like he’s family, and he even made it into a photo of Trump’s extended clan. Trump’s growing cultural cloutTrump’s visit to Musk’s launchpad was also the latest occasion since the election when he has inserted himself into high-profile photo-ops. The hit perhaps reflects Trump’s starry-eyed infatuation with Musk’s amazing array of spaceships and limitless ambition. With Musk, Trump might get more than he bargained for.

Egypt’s engineering exports surged by 25.6% to $3.9bn in the first nine months of 2024, compared to $3.1bn during the same period in 2023. The monthly report from the Engineering Export Council of Egypt revealed a 15% increase in exports for September 2024 compared to the same month in 2023, amounting to $446.2m compared to $387.7m. Sherif El-Sayyad, the Chairperson of the Engineering Export Council of Egypt, announced that the council aims to achieve export levels of $5.25bn by the end of 2024 and is targeting $6bn in 2025. He noted that the council’s plan seeks an annual growth rate of no less than 20%, significantly contributing to the state’s goal of reaching $145bn in total exports. The main destinations for increased engineering exports during the same period include: Europe, with notable growth in the United Kingdom, Turkey, France, Germany, Georgia, Italy, the Czech Republic, Spain, Ireland, and Slovenia.

This success occurred against a backdrop of a lengthy list of financial, sexual, and political scandals in which he was allegedly involved. Trump, having thoroughly analyzed the pre-election landscape, understands the critical role of financial resources in reclaiming the vision of American power. In any case, the American political landscape is now poised for billionaire Elon Musk to exert his influence. There are ongoing discussions in Washington regarding the expected role of “MAGA” supporters, led by Trump and billionaire Elon Musk. This comes in the wake of Musk’s participation in a phone call between President-elect Trump and Ukrainian President Volodymyr Zelensky.

A rabid dog bit 16 people, most of them children, aged between two and 12, in Manfalut Center, Assiut Governorate, on Saturday evening. They were transferred by ambulance to Manfalut General Hospital to receive the necessary treatment. The Director of Assiut Security Wael Nassar received a notification from Manfalut General Hospital police point on the incident, and that the victims were being provided with the necessary first aid. The Undersecretary of the Health Directorate for Preventive Affairs in Assiut, Ahmed Sayed Moussa, said that all of the victims had been received and given the rabies vaccine, with eight cases having been transferred to al-Quseyya Hospital to receive the serum.

Ajna Developments has announced the launch of its latest project, Eastville, located in New Cairo’s Fifth Settlement. This reflects Ajna Developments’ commitment to delivering innovative, high-quality real estate products aimed at creating integrated urban communities that align with Egypt’s Vision 2030. Eastville features a range of facilities and comprehensive services, with modern designs that impart a unique urban character. It includes diverse residential units ranging from 190 to 290 sqm, located amid multiple lakes, with unit deliveries expected to begin in 2028. The company also highlighted the latest updates related to Carnelia project in Ain Sokhna, which spans 100 feddans and is located 160 meters above sea level.

CAIRO – 19 November 2024: In a meeting with Indian President Droupadi Murmu, Egyptian Ambassador Kamel Galal expressed Egypt's interest in exchange of experience in the fields of information technology, pharmaceuticals, agriculture, human development and capacity-building, infrastructure, waste management, new and renewable energy, transport, smart cities, rural development, and slum elimination. The ambassador also stressed the importance of boosting trade exchange and joint investments, shedding light on the incentives offered by the Suez Canal Economic Zone (SCzone). Further, he noted that the two countries enjoy the capabilities to push forward collaboration and coordination among countries of the south. The ambassador's statements were made while submitting his letter of credence on Monday. On her side, the Indian president affirmed her country's keenness on bolstering relations with Egypt, commending its role in establishing peace and security in the Middle East and Africa.

5 of 2022 regarding the regulation and development of the use of financial technology in non-banking financial activities. It aimed to regulate the use of financial technology in non-banking financial activities, followed by Resolution No. 141 of 2023, regarding the outsourcing registry in the areas of financial technology to practice non-banking financial activities. Farid stressed that financial technology and digitization of non-banking financial transactions enhance the capabilities of the non-banking financial sector. He added that financial technology is a major driver and incentive to facilitate access to and obtain non-banking financial services for all different segments of society.

The Egyptian Tax Authority (ETA) said that its automated tax systems, including databases and information related to taxpayers and obligors, have not been subjected to cyber threats. It added that the privacy and security of its taxpayers’ information is crucial, hence, the Authority’s commitment to the highest standards of data protection and confidentiality. For that, it cooperates with international companies specializing in information security and tax administration technology. Moreover, the Authority regularly updates the protection and security systems to address any hacking attempts or electronic threats that may target the digital infrastructure. It encourages everyone to interact digitally safely and confidently, stressing that any rumours about tax data hacking are completely false.

Beltone Holding (BTFH.CA) announced its consolidated financial and operational results for the nine months ending 30 September 2024. Beltone’s growth strategy continued to yield impressive results with the Company’s consolidated operating revenue increasing 405% year-on-year to reach EGP 4.8bn. In terms of profitability, Beltone achieved a net profit of more than EGP 1.13bn in 9M 2024, up significantly from EGP 86m in 9M 2023. Beltone’s NBFIs platform witnessed growth across all subsidiaries, with operating revenue rising 757% year-on-year to reach EGP 3.9bn in 9M 2024. Beltone Venture Capital executed six equity and follow-up investments in 9M 2024, and successfully increased its managed portfolio to more than EGP 1.5bn.

CNN —President-elect Donald Trump’s son-in-law Jared Kushner is seen as being pivotal to the incoming administration’s Middle East efforts, even though he is not likely to take a formal job within it, regional diplomats and Trump allies told CNN. Trump’s Middle East team has been taking shape this week after he selected a former Republican governor and a close friend and real-estate developer to take on key roles. Since Trump left office in 2021, Kushner and his wife, Ivanka Trump, have moved to Miami and largely exited politics. Kushner has also maintained relationships with key players in the Middle East, including Israeli officials and leaders in the Arab Gulf. That is the key question,” explained Aaron David Miller, a former Middle East negotiator at the State Department, referring to Trump’s longtime friend and real estate developer who will serve as his special envoy to the Middle East.

But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating. “Prices are rising because of the war,” Alexandra Prokopenko at the Carnegie Russia Eurasia Center in Berlin told CNN. The military budget will rise by nearly a quarter in 2025, amounting to one-third of all state spending and 6.3 per cent of gross domestic product. Analysts don’t see the Russian economy as tumbling over a precipice but instead as a slowly gathering crisis. Russia has traditionally turned to central Asia for unskilled labor, and Putin recently suggested more foreign workers are needed.

Egypt and Brazil announced the launch of a strategic partnership between the two sides, marking the 100th anniversary of diplomatic relations between the two countries and affirming their desire to work together to establish peace, promote a more representative and just international system, renew and reform the multilateral system, and achieve sustainable development and inclusive growth. This came on the sidelines of President Abdel Fattah Al-Sisi’s participation in the G20 summit hosted by the Brazilian city of Rio de Janeiro and in a bilateral meeting between Al-Sisi and his Brazilian counterpart, Lula da Silva. In addition, the two parties agreed to intensify cooperation in the fields of politics and diplomacy, peace and security, defense, economy, trade, investment, environment, agriculture, science, education, developmental, cultural, sports, and tourism cooperation, and other areas to be determined later. They agreed to develop a work plan through diplomatic channels, outlining the necessary initiatives to implement the strategic partnership. The action plan may be updated regularly to reflect the dynamics of the bilateral relations.

CAIRO - 18 November 2024: The Egyptian state is making great efforts to reclaim and cultivate about 4 million acres in desert areas. The Ministry of Agriculture, represented by its scientific bodies such as the Agricultural Research Center and Desert Research Center and other bodies, is conducting studies to explore desert lands and implement field and laboratory studies to inventory and classify the soil and determine the areas suitable for agriculture. The ministry is also working to develop appropriate crop structures for each region in accordance with the properties and nature of the soil, climate and availability of irrigation water sources. He further added that these areas are part of the national projects for horizontal expansion currently being implemented, the most important of which are: the projects of the Future of Egypt Authority in the areas of "New Delta with an area of ​​2.2 million acres - North and Central Sinai with an area of ​​456 thousand acres - Sunbul Sono in Aswan with an area of ​​650 thousand acres" and the New Egyptian Countryside Development Project with an area of ​​1.5 million acres, and the Toshka Project with an area of ​​1.1 million acres, in addition to private sector projects in the New Valley, East Oweinat and Toshka. Farouk added that the Ministry of Agriculture is coordinating with the Future of Egypt for Sustainable Development Agency to support horizontal expansion projects by establishing research units in new reclamation areas and assigning specialized experts from the ministry's research centers to work in them, as well as providing seeds and production requirements for horizontal expansion projects.

CAIRO - 18 November 2024: A doctor who appeared in a viral Facebook live video calling on men to take DNA tests for themselves and their children had a "breakdown" after her detention was renewed for 15 days pending investigation. She claimed such pregnancies are a “phenomenon,” hence families should stop positive parenting, return to corporal punishment of girls, and men should take tests to make sure they are their fathers’ and their kids are biologically theirs. The syndicate received complaints that she violated patient privacy, refusing to aid a patient, and stirring public opinion for asking men to take DNA kids. In a later video, Shoaeb said that as long as she did not reveal the patients’ identities, she has not revealed medical secrets. She added that wage was only “raising awareness.”The prosecution did not, however, charge Shoaeb of the syndicate’s accusations.

The Industrial Modernization Center (IMC), represented by CEO Doaa Salima, has met with board members of the Egyptian Businessmen’s Association to explore the Local Manufacturing Empowerment Programme and review key outcomes achieved through promoting investment opportunities developed by the centre in recent months. During the meeting, Salima presented new technical services recently launched by the IMC, including global compliance certifications and competitiveness enhancement services. Salima underlined the importance of the “Proudly Made in Egypt” certification, a service aimed at boosting reliance on local Egyptian products, enhancing their competitiveness, and increasing Egyptian exports to global markets. Additionally, the discussion covered digital transformation initiatives, which have gained significant attention recently. The IMC collaborates with development partners, research institutions such as the Academy of Scientific Research, and universities to advance digital transformation efforts across multiple domains.