CAIRO - 16 November 2024: The first comprehensive educational center in Egypt dedicated to children with special educational needs and disabilities will be established soon. Egyptian Minister of Social Solidarity Dr. Maya Morsi received Saturday Eng. Khaled Mahmoud Abbas, Chairman and Managing Director of the Administrative Capital Company, at the Ministry’s headquarters in the New Administrative Capital, in the presence of Eng. Margaret Saroufim, Deputy Minister of Social Solidarity, Ayman Abdel Mawgoud, Assistant Minister of Social Solidarity for Civil Society Institutions Affairs, and in the presence of leaders of the Ministry of Social Solidarity. The meeting discussed ways of cooperation between the Ministry of Social Solidarity and the Administrative Capital Company, within the framework of the "Educational Life Path" initiative.

Egypt’s annual urban headline inflation remained broadly stable for the third consecutive month at 26.5% in October 2024. The primary driver of headline inflation continued to be non-food inflation, which recorded 26.0% in October 2024 compared with 25.5% in September 2024. Meanwhile, annual food inflation has continued decelerating since 2023, reaching 27.3% in October 2024, the lowest in two years. Annual core inflation declined to 24.4% in October 2024 compared with 25.0% in September 2024, while monthly core inflation registered 1.3% in October 2024 compared with 1.8% in October 2023, and 1.0% in September 2024. Core food items contributed 0.80% to monthly core inflation, while retail items contributed 0.27% and services 0.23%.

Egypt’s Prime Minister Mostafa Madbouly will open the Cairo ICT 2024 exhibition and conference on Sunday, 17 November, on behalf of President Abdel Fattah Al-Sisi. The event, running until 20 November at the Egypt International Exhibition Centre, is expected to attract over 100,000 visitors and more than 600 exhibitors. This 28th edition of Cairo ICT, themed “The Next Wave,” will highlight the latest technological advancements and future trends shaping industries, economies, and societies. Over four days, Cairo ICT 2024 will host workshops, panel discussions, and interactive sessions led by global technology experts. Organisers envision Cairo ICT 2024 as a key platform uniting technological innovation with Egypt’s broader digital transformation strategy.

CAIRO - 16 November 2024: The Nasr Automotive Company manufactured its first electric bus in cooperation with Yutong, a leading Chinese company in the manufacture of buses and vehicles. The new bus is manufactured with a high local component percentage. El-Nasr Company’s revival and return to the automotive industry was described by Prime Minister Madbouly as a day to be celebrated. El Nasr Automotive Manufacturing Company is one of the important castles of industry and business sector in Egypt, said Minister of the Public Business Sector Mohamed Shemi Saturday. El-Nasr will manufacture environmentally friendly cars for the Ministry of Transport to work in the new administrative capital and deepening local manufacturing in the automotive industry.

And above all, it pays the Ministry of Finance all the taxes that should be the primary source of government revenue, not private investment. Lastly, we need to address another myth promoted by those who advocate for privatization where management is transferred while ownership remains with the state. This notion has been the reason for the failure of many divestment projects and the expansion of private sector ownership for more than one reason. Perhaps the State Ownership Policy document could serve as a foundation for drawing clear lines between the activities in which the state should continue and those from which it should exit. He served as Deputy Minister of Supply and Internal Trade in Egypt and is currently the Chairman of Arab Alloys.

Russia is making gains at key spots along the frontlines of eastern and southeastern Ukraine, while unleashing wave after wave of aerial terror against Ukrainian cities. … You just get boxed into a corner and you have to choose from a buffet of bad options,” Barros added. Taking over Kupiansk would make it a lot easier for Russia to push further into the Kharkiv region. Ukraine has put up a fierce fight in the area in recent months, even though it has lost some ground. Pokrovsk has been a target of Russia for months as it seeks to capture eastern Ukraine.

El Nasr Automotive Manufacturing Company is one of the important castles of industry and business sector in Egypt, he added. The Egyptian car market is preparing for the return of local production by El Nasr Automotive Company through the production of the first new bus with a high local component percentage. The minister said the step is deemed as a critical juncture in the automotive industry. It is worth noting that El Nasr Automotive Company was established in accordance with Presidential Decree No. El Nasr was founded in 1960 as the first automotive production firm in the Middle East.

CAIRO - 16 November 2024: Egypt's Civil Work Regulation Law granted a set of advantages to civil associations and institutions. 2- Exemption from taxes and stamp duties currently imposed, and also those imposed in the future on all contracts, powers of attorney, documents, printed papers, records, etc., the burden of which falls on the association. 4- Donations made to associations shall be considered a tax on the donor's income not exceeding (10 percent) of his net income. It is prohibited to dispose of durable items, which are determined by a decision of the competent minister in agreement with the Minister of Finance, before five years have passed unless the taxes and customs duties due on them are paid. 6- Water, electricity and natural gas consumption shall be treated as household consumption, provided that a certificate is issued from the competent ministry stating that no commercial activity is being practiced.

Egyptian Prime Minister Mostafa Madbouly on Thursday denied claims that the government had asked the International Monetary Fund (IMF) to increase the fourth tranche of the loan supporting Egypt’s economic reform program. He warned that these are rumors meant to push the idea that Egypt has a foreign currency crisis, which he assured is not true. Madbouly pointed out that the IMF mission will complete the fourth review of Egypt’s economic reform program next week, stressing that things are going well, regularly and stable. “Things are going very well, we have never been late in paying installments, and we are moving strongly in this regard,” the Prime Minister added. He also noted the increase in remittances from Egyptians abroad, which reached US$2.6 billion in August compared to $1.6 billion in August 2023.

The head of the Egyptian Doctors Syndicate, Osama Abdel-Hay, announced that the syndicate is contemplating regulating media appearance of its members, and setting rules for appearing on social media sites, especially live broadcasts. In statements to Al-Arabiya channel on Thursday, Abdel-Hay said that the syndicate cannot prevent its members from appearing on social media, but it is studying regulating the matter in a way that does not harm society. The Public Prosecution considered the video a disturbance to the public peace and security. A violation of patient privacyThe Public Prosecution Office in Kafr al-Dawar city in Beheira Governorate issued a decision on Tuesday to detain Shoaib for four days pending investigations. The prosecution charged the doctor with disturbing public security and peace, using social media to stir up confusion, insulting the masses and violating family principles and values.

ESLSCA University has announced the organization of the summit “Executive Education: Your Gateway to Leadership Excellence,” to be held over two days on November 23 and 24. In a statement, ESLSCA University emphasized that excelling in today’s fast-paced business world requires more than just technical skills; it necessitates visionary leadership, strategic thinking, and a deep understanding of emerging trends. The university added, “The Executive Education Summit, sponsored by ESLSCA University, provides you with a unique opportunity to gain valuable insights and connect with industry leaders.”The summit will feature ministers, deputy ministers, senior executives, and international speakers from around the world who will discuss several key themes. The university stated that the summit will feature dialogues, interviews, panel discussions, and workshops with experienced executives who have dealt with complex challenges and achieved notable successes. ESLSCA University also noted that the summit offers an opportunity to network with distinguished professionals, thought leaders, and innovators from various industries to enhance leadership skills, understand market dynamics, and improve corporate culture.

The Pakistan Stock Exchange (PSX) 100 Index has crossed the 93,000-point mark, marking a new milestone for the country’s economic prospects. The surge in the index reflects growing investor confidence and a positive outlook for Pakistan’s economic future. As Pakistan’s stock market booms, sectors such as technology, banking, and manufacturing are benefiting, creating opportunities and employment across the country. The record-breaking performance of the Pakistan Stock Exchange aligns with the government’s economic reforms, affirming that structural improvements are fostering a stable, investor-friendly environment. “By reaching this historic peak, Pakistan is proving itself as a promising frontier market, drawing interest from institutional investors worldwide,” said the Pakistan Stock Exchange.

Madbouly said that President Sisi affirmed Egypt’s complete rejection of the Israeli aggression on Palestine and Lebanon, and called on international community to avoid double standards. The president also in his speech called for a decisive international intervention to stop this unprecedented and unjustified aggression against the people of Egypt and Lebanon. The Prime Minister continued that meetings held by the President on the sideline of the summit are related to this matter. “Egypt will always support the establishment of the State of Palestine and the cessation of aggression against the Lebanese people,” he said. On the sidelines of the summit, President Sisi met with Lebanese Prime Minister Najib Mikati and affirmed Egypt’s support for the Lebanese people.

CAIRO - 14 November 2024: Egypt's Minister of Health, Khaled Abdel Ghaffar, announced that the Egyptian government has invested approximately LE118.3 billion in human and social development initiatives for 2024-2025. Among these, the newborn hearing screening covered over 6.8 million cases, while the Women’s Health Initiative has seen over 52 million visits since 2019. Egypt’s health initiatives also emphasize addressing population growth and promoting family planning. The Ministry's “A New Start for Building Human Potential” program, part of a broader initiative in human development, focuses on delivering integrated services in health, education, and employment. Vice Prime Minister Abdel Ghaffar emphasized that Egypt’s human development is not limited to healthcare.

CAIRO – 14 November 2024: Minister of Foreign Affairs Badr Abdelatty has affirmed the importance of resolving the presidential vacuum file in Lebanon through achieving national consensus without external interference. Abdelatty also emphasized support for Lebanese institutions as he met with Prime Minister of Lebanon Najib Mikati during his visit to Beirut on Wednesday. As he departs back to Egypt, Abdelatty accompanied 294 nationals from Beirut to return them to homeland amid Israeli war in Lebanon. Abdelatty also discussed the presidential vacuum crisis with Jumblatt, affirming the necessity of not excluding or marginalizing any Lebanese component. While Israeli Foreign Minister Gideon Saar indicated progress in ceasefire discussions on Monday, Israel's new Defense Minister, Israel Katz, stated on Tuesday that there would be no ceasefire in Lebanon until Israel achieves its objectives.