CAIRO – 15 July 2021: Experts at the International Monetary Fund stressed that the diversity and strength of the Egyptian economy supported it in facing crises, including the Coronavirus pandemic. “Like most emerging markets, the COVID-19 pandemic has been an enormous shock for the Egyptian economy. As a consequence of the government’s timely and prudent policy response, coupled with IMF support, the economy has exhibited resilience, with growth expected at 2.8 percent for FY 2020/21. “Going forward, continuing to preserve economic stability and reduce public debt will be important. The IMF will continue to support Egypt’s reform efforts as specific policy measures to support these objectives are defined and implemented.

Minister of Defense and Military Production Mohamed Zaki attending presentation within the Mobilization of Commanding Centers Project dubbed "Taymour 14" in July 2021. CAIRO – 15 July 2021: Minister of Defense and Military Production Mohamed Zaki, general commander of the Egyptian Armed Forces, attended Thursday the main stage of the Mobilization of Commanding Centers Project dubbed "Taymour 14." Taymour 14 is carried out by the Third Field Army – whose missions is to secure the eastern section of the country - within the annual training plan of the Egyptian Armed Forces, and lasting for several days. General Zaki pointed out that "Egypt is able to handle all local, regional, and international issues pertinent to the security and stability of the homeland." Similarly, Chief of Staff Mohamed Farid had attended one of the project's stages, which included displaying the missions assumed by each formation, coordination and organization measures, and the line-up of commanding centers.

CAIRO – 15 July 2021: The Egyptian Exchange (EGX) decided that starting from Monday 19th of July till Saturday 24th of July will be a holiday at EGX for the celebration of Eid al-Adha Al Mubarak & 23rd of July. It honours the willingness of Ibrahim to sacrifice his son Ismail as an act of obedience to God's command. On Wednesday, the Central Bank of Egypt (CBE) decided to suspend the work of all banks operating in Egypt, starting from Monday, July 19, on the occasion of Eid al-Adha. The Egyptian Exchange (EGX) ended Thursday’s session on mixed note, adding around LE 1.65 billion to market capitalization, amid Arab and foreign purchases. The benchmark EGX30 decreased 0.39 percent, while EGX 50 hiked 0.77 percent, EGX 70 climbed 2.18 percent, and EGX 100 jumped 1.46 percent.

CAIRO – 15 July 2021: A military transport plane took off from East Cairo military base carrying tons of medicines, devices and medical supplies to brotherly Tunisian people. The aids are provided by the Egyptian Ministry of Health and Population to assist Tunisia in facing the health crisis that it is going through. This comes in implementation of the directives of Egyptian President Abdel Fattah El-Sisi to continue the air bridge between Egypt and Tunisia, to confront the effects of the current crisis experienced by the brothers in Tunisia. The air bridge between Egypt and Tunisia expresses the depth of the distinguished Egyptian-Tunisian relations, which are highly appreciated and respected at the level of the two brotherly peoples.

CAIRO – 15 July 2021: The Central Agency for Public Mobilization and Statistics (CAPMAS) released Thursday the annual report on foreigners working in the private sector in Egypt for the year 2020. The number of foreigners who began working in Egypt for the first time is 4,202 being 36.8% of expats working in Egypt's private sector. Non-Arab Asians are the largest group with 42.2%, majorly from Bangladesh (26.1% of that group), and India (24.8%). As for Arab countries, the figure is 22.5 percent with Syrians and Palestinians being 22.5% and 15.6%, respectively. The sectors they work in are manufacturing (33.3%), creative economy (16.1%), petroleum and mining (11.9%), and education (11.4%).

CAIRO – 15 July 2021: The Abdel Wahab Abdel Mohsen Foundation for Culture, Arts & Development is preparing to hold the eighth Burullus International Symposium for Painting on Walls and Boats. The symposium will be launched in November 2021, while adhering to all precautionary measures to battle the global pandemic. The artist Abdel Wahab Abdel Mohsen launched the International Art Symposium in Burullus 7 years ago, as part of his experiment to prove the ability of art to create a broad societal dialogue within villages or cities. The city of Burullus is located in Kafr El-Sheikh Governorate, in the north of the Egyptian Delta. Its people are famous for fishing, which makes simple wooden boats one of the signs of this small town.

CAIRO – 15 July 2021: The Cairo Criminal Court sentenced on Thursday a male dentist to 16 years in prison over harassing men including celebrities in his clinic. The dentist faced accusations of indecent assault, which is less severe than rape, and of harassment. The prosecution said it arrested the defendant, interrogated him and showed him the technical evidence he faces. It added that it found on his phone other technical evidence that endorses the accusations. Last year, the Egyptian government ratified a draft law that guarantees the secrecy of testimonies made by victims of harassment, rape and sexual assault.

CAIRO – 15 July 2021: Prime Minister Mostafa Madbouli held Wednesday a meeting with Scatec CEO Raymond Carlsen and the representatives of Metito as well as Orascom Construction to examine introducing desalination plants powered by renewable energy. Within 18 months, 19 desalination plants worth a total of LE11 billion and whose total daily production is 550,000 cubic meters will be inaugurated. Egypt is expected to have 65 desalination plants distributed among six governorates that are Matrouh, South Sinai, Suez, Ismailiyah, North Sinai, and the Red Sea. The total daily production of those is 750,000 cubic meters. North Sinai and South Sinai will be home to 21 and nine plants whose capacity per day is 20,000 cubic meters and 75,000 cubic meters, respectively.

The new board includes five representatives of Nile bourse and companies whose shares are listed on the stock market. The five new members are Rania Yaqoub, Shawket Maraghi, Ahmed Abul Saad, Hashem el Sayed and Dalia el Sawah. Elections were held at Egypt for Information Dissemination (EGID) headquarters. The board of the bourse includes its chairman and his deputy, who are both named by the prime minister. The board also includes five members who are chosen by elections in addition to two economic experts and two representatives of the Central Bank of Egypt and the Federation of Egyptian Banks.

CAIRO – 15 July 2021: Minister of Trade and Industry Nevine Gamea stated Thursday that export contracts worth $26 million are the outcome of commercial delegation visits to Cameron and Senegal. Both fellow countries will be importing from Egypt cement, clinker, insulation materials, fertilizers, chemicals, packaging materials, engineering industries, food products, sanity ware, plastic pipes, carpets, and irrigation systems. The minister added that the value of Egyptian exports to Senegal rose from $35 million and $200 million and to Cameron from $42 million to $125 million. The visit, which took place on July 4-9, to both states, witnessed the participation of 43 companies, and 65 businessmen. It included 220 meetings in Cameron, and 250 in Senegal.

CAIRO – 15 July 2021: Kuwaiti National Assembly Speaker Marzouq Ali Al-Ghanim affirmed that Kuwait’s leadership, government, parliament and people stand by Egypt in all the challenges it faces, Kuwaiti Al-Qabas reported. “Egypt is the beating heart of the Arab world, and when it recovers, the entire Arab world recovers,” the newspaper cited Ghanim as saying. Hanafi El-Gebali, Egyptian Speaker of the House of Representatives; and Kuwait’s Ambassador to Cairo Mohammed Saleh Al-Thuwaikh attended the meeting with Sisi. Sisi stressed that the security of the Gulf is linked to the Egyptian national security, calling for continuous coordination among all Arab nations in the face of the challenges in the region in line with the huge energies and capabilities of the Arab countries. The Kuwaiti speaker affirmed his country’s appreciation of the historic and strong relations with Egypt and lauded the Egyptian efforts in protecting the security and stability of Kuwait as well as the entire Arab World.

CAIRO – 15 July 2021: The National Museum of Egyptian Civilization honored a number of students from the Faculties of Fine Arts, Applied Arts and Art Education at Helwan University, in appreciation of the efforts they made in preparing the Pharaohs’ Golden Parade. This honoring comes within the framework of the fruitful cooperation between the Ministry of Tourism and Antiquities and Helwan University to benefit from the artistic and educational capabilities of the students. NMEC honors students of Faculties of Fine Arts, Applied Arts & Art Education at Helwan University - Min. Ghoneim indicated that the students decorated the area surrounding the museum, coloring its front yard, beautifying the plant basins with drawings from the different historical eras of Egypt, and decorating the area by installing some marble columns with antique inscriptions. This is in addition to designing a number of paintings that illustrate the content of the museum and the Egypt's archaeological treasures.

CAIRO – 15 July 2021: On July 15, many important events took place. Important world events:1099 - Jerusalem falls to the Crusaders during the First Crusade. 1840 - The signing of the "London Treaty" between Britain, the Austrian Empire, Prussia and the Russian Empire on one side, and the Ottoman Empire on the other, after the defeat of the Ottomans and the Egyptian army during the reign of Mohammad Ali Pasha before the European powers in the Battle of Navarino.

The Ethiopian army has pledged to secure the construction of the Grand Ethiopian Renaissance Dam (GERD) until its completion and to confront any force that might attempt to invade the area. Ethiopian News Agency reported that leaders and members of the 22nd Army Division announced that their unit is working to protect the area and the dam’s construction schedule. The Division’s Deputy Commander Azineh Shimelis said that his forces will provide all necessary protection to the construction project, including its supplies. Shimelis added that another task assigned to the division will confront any forces that attempt to enter the area. The disputed dam is the largest hydroelectric project in Africa, with a cost of more than US$4 billion.

The World Steel Association (Worldsteel) published a report stating that Egypt came in 20th place among the world’s top steel producers in 2020. The report report a comprehensive overview of the activities of the steel industry in the world, including facts about crude steel production, its uses, and global trade flows. Despite the influence of the pandemic, through its different regional impacts, the global steel industry was fortunate to end 2020 with only a minor contraction in steel demand,” said Edwin Basson, Director General of Worldsteel. Basson added that the pandemic has accelerated some key trends that have brought about shifts in steel demand. The steel industry is a cornerstone of Egyptian economic growth, and it has made significant production gains throughout the last few years.