Heliopolis Company for Housing and Development (HHD) plans to invest between EGP 3-4bn over the next five years to develop New Heliopolis City. He also said that the company aims to enhance the existing neighbourhoods in the city. He said that the company is pursuing both self-development and partnership with the private sector, which is its new strategic priority. HHD said in a statement to the stock exchange two days ago that it may expand the deal to include another 1070 feddan in the northern part of New Heliopolis City, which would increase the value of the down payment and the guarantee letter accordingly. HHD has also decided to offer residential units in New Heliopolis City and the Sheraton area in New Cairo for sale through public bidding and to start selling 84 residential units.

CAIRO –7 February 2024: Egypt condemns Pakistan’s two terrorist attacks that occurred shortly before the Pakistani general elections expected on Thursday, February 8, which resulted in the killing and wounding of a number of victims. In a statement issued by the Foreign Ministry on Wednesday it was said that “Egypt, both the government and the people, expressed sincere condolences and heartfelt sympathy to the government and people of Pakistan after this painful incident, extending wishes for the speedy recovery of all the injured”Egypt reiterated in the statement its steadfast rejection of all forms of terrorism, calling on all countries to cut off the funding sources for terrorism and not provide safe havens for terrorist organizations. “Egypt affirms its full solidarity with Pakistan in confronting such events,” the statement added.

Media Avenue will organize the eighth edition of the annual Capital Markets Summit on 26 February at the InterContinental Semiramis Cairo Hotel. The summit will focus on the theme of “Structural Reforms for Sustainable Development” and explore the various measures taken by the Egyptian government to enhance the performance of all economic sectors and achieve sustainable growth. The summit will feature multiple sessions covering different topics, such as:· The role of the private sector in implementing the structural reforms and finding sustainable solutions for the current challenges. · The cooperation with the International Monetary Fund to launch a new reform program that includes financial and structural reforms, such as changing the fiscal policies, adopting inflation targeting, and offering state-owned enterprises to the public. The Capital Markets Summit is a leading event that brings together experts, policymakers, investors, and business leaders to discuss the latest developments and trends in the Egyptian economy and the capital markets.

Egypt’s Deputy Foreign Minister for African Affairs, Hamdy Loza, affirmed on Monday Egypt’s full support for the reconciliation between Libyan factions without any foreign interference. Loza made his remarks while leading the Egyptian delegation at the meeting of the African Union High-Level Committee on Libya in Brazzaville, Congo. The foreign ministry’s statement said that Loza stressed Egypt’s steadfast stance on the Libyan crisis, highlighting Cairo’s keenness to help achieve national reconciliation in Libya. He also reiterated Egypt’s firm position calling for the immediate withdrawal of all foreign forces, mercenaries, and fighters from Libya, in accordance with relevant international resolutions. The meeting concluded with a joint statement supporting the Libyan national reconciliation process.

This agreement follows GAFI’s successful 2023 mission with HSBC to Singapore and China which underscored how highly investors regard the opportunities that exist for them in Egypt. Heibah stressed that GAFI is keen to cooperate with HSBC to attract investors through its strong international network across the world and connects Asia, Europe and the Middle East. HSBC will introduce and connect more international investors to the growing business opportunities in Egypt through even closer cooperation with the Authority. According to the pact, GAFI will work to provide HSBC Egypt with information regarding investment opportunities in Egypt which include the targeted, priority sectors in line with the government’s plan. This agreement demonstrates HSBC is committed to working with GAFI on this progressive strategy to attract foreign investment and to transform Egypt into a strategic international trade hub.”

(MENAFN- Daily News Egypt) Egypt's President Abdel Fattah Al-Sisi met with US Secretary of State Antony Blinken and his accompanying delegation on Tuesday, in the presence of Foreign Minister Sameh Shoukry and General Intelligence Chief Abbas Kamel. Al-Sisi stressed the need to take serious steps towards a just and comprehensive settlement of the Palestinian issue, to ensure sustainable stability in the region. Blinken expressed his country's keenness to continue coordination and joint efforts with Egypt to reach calm and prevent the expansion of the conflict, praising Egypt's role in supporting security and stability in the region. The spokesperson for the presidency, Ahmed Fahmy, said that Blinken stressed the continuation of the US in strengthening the strategic partnership with Egypt, in support of efforts to maintain stability, peace and development in the region. Al-Sisi also stressed the need to implement international and UN resolutions on the crisis and take serious steps towards a just and comprehensive settlement of the Palestinian issue, to ensure sustainable stability in the region.

The Russian Embassy in Egypt and RT Arabic held a gala event on February 6, 2024, at the Cairo Opera House to commemorate the 80th anniversary of Russian-Egyptian diplomatic relations. The event featured the premiere of the documentary film “Departure and Return,” which tells the captivating story of Viktor Yakushev, a Soviet military translator who served in Egypt in the early 1970s. After half a century, he returned to Egypt and revisited familiar places. Maya Manna, Director of RT Arabic, thanked the Egyptian audience for their great interest in the channel and its objective coverage of world events. Following the film’s premiere, which received very positive feedback from the audience, guests had the opportunity to explore an interesting exhibition prepared by the Russian Foreign Ministry, showcasing the different stages of interaction with Egypt.

Egypt strongly condemned on Tuesday the shooting attack that occurred near a court in Istanbul, which injured several people. Turkish police on Tuesday killed two assailants who attacked police officers guarding the Justice Palace in Istanbul, wounding three of them and three bystanders, Interior Minister Ali Yerli Kaya announced. He added that the attackers opened fire on a police checkpoint at Gate C of the Caglayan court around 0846 GMT. Justice Minister Yilmaz Tung said that the prosecution had launched an investigation into the attack. Caglayan is a large court complex located in the Kagithane district on the European side of Istanbul.

CAIRO - 6 February 2024: Egypt's automotive industry sales increased by almost 32% during December 2023, according to a recent report published by the Automotive Marketing Information Council (AMIC). AMIC's report revealed that the overall car sales in Egypt experienced a significant decline of approximately 48 percent in 2023. The total number of cars sold during the year amounted to 69,175, a considerable drop from the 133,857 units sold in 2022. The total number of transportation vehicles sold during the month stood at 1,255, compared to 1,027 units sold in December 2022. Bus sales decreased to 788 units in December 2023, marking a 42 percent decrease from the 1,355 units sold in December 2022.

Liverpool, beaten by Arsenal on Sunday, lead the table on 51 points from 23 games but City are up to 49 from 22 and Arsenal on 49 from 23. "He always had an eye for a goal," City manager Pep Guardiola said of Foden. "He's got 250 games already and he's had an impact with goals this season. Remarkably Brentford did the double over City last season, beating them 1-0 in London in the last game in May when the title was already secure, having won 2-1 at the Etihad in November. Brentford have collected three points from their last eight league games, losing seven of them, and have slipped to 15th, three points above the relegation zone.

The Grammys Awards 2024 took place on Sunday night. Phoebe Bridgers received the lion share of awards with four trophies, three of them with her band Boygeneius. SZA, Boygeneius, Killer Mike, Victoria Monét and songs from the “Barbie” soundtrack followed, each received three awards. After her stiff-person syndrome diagnosis, the one and only Celine Dion made a surprise appearance at the Grammy Awards ceremony to present the album of the year award. 4-Best new artist - Victoria Monét who received also Best R&B album award for Jaguar II5-Best rap song award and Best rap performance award- Killer Mike ft André 3000, Future and Eryn Allen Kane - Scientists & Engineers6-Best rock performance award and Best rock song award - Boygenius - Not Strong Enough7-Best rock album award and Best alternative performance award - Paramore - This Is Why8-Best country solo performance award and Best country song award - Chris Stapleton - White Horse

The Egypt Energy Show (EGYPES) 2024, taking place from February 19-21 in Cairo, Egypt, is set to be a landmark event for the energy sector in Africa and the Mediterranean. Leaving no aspect of energy transition unexplored, the Zone promises to be a game-changer for exhibitors and visitors alike. Expanding into new horizons, EGYPES 2024 will feature the inaugural CLIMATECH Challenge, inviting energy start-ups to pitch resilient business models and innovations. In addition to the overarching theme of EGYPES 2024, the EGYPES Energy Awards will take centre stage, honouring trailblazers and energy pioneers making headlines in energy, whose contributions have been instrumental in advancing the global energy landscape towards achieving net-zero emissions and enabling transformational change for people, organisations and economies. Urgently addressing net-zero agendas, EGYPES 2024 welcomes all to get involved, and be part of the conversation to advance rapidly to accelerate collaborative action, driving energy transition, security and decarbonisation.

A Pakistani military aircraft carrying much-needed supplies for the people of Gaza touched down at El-Arish International Airport Monday, marking the fifth batch of humanitarian assistance provided by the South Asian nation. The shipment consisted of 230 tons of winterized tents, tarpaulins, and blankets, critical aid for Palestinians facing harsh winter conditions and ongoing hardship. Officials from the Pakistani Embassy in Egypt formally handed over the supplies to the Egyptian Red Crescent Society, ensuring their swift delivery to the Palestinian Red Crescent Society in Gaza. This latest contribution brings Pakistan’s total humanitarian and medical assistance to Gaza to over 230 tons. A sixth consignment of 100 tons of humanitarian aid is scheduled to arrive tomorrow, highlighting the nation’s commitment to supporting Gaza in its time of need.

With many books being turned into movies, a neverending battle between which one is better, the book or the movie has begun. Fights aside, what’s important is that we let people decide for themselves, and at the Cairo International Book Fair, plenty of books were turned into films. So we are here to present you with books to purchase from the fair, watch the movie, and decide. One of his most famous works you can see at the Cairo International Book Fair is Misery. The Cairo Trilogy by Naguib MahfouzNobel prize winner and literary legend Naguin Mahfouz is the father of Arabic literature.

Cairo - 5 February 2024: The Rafah Crossing Administration’s data regarding the crossing movement stated that 100 new Egyptian aid trucks entered from the Egyptian side to the Palestinian side through the Rafah Crossing gate. Egypt's side has received 448 individuals, including 40 wounded and sick, 25 of their companions, 82 holders of Egyptian passports, and 52 holders of foreign passports. The Palestine Red Crescent Society also announced in a press statement that since the beginning of the entry of the humanitarian aid on 10/21/2023 and until 2/1/2024, a total of 9,831 trucks entered into Gaza Strip through the Rafah and Karam Salem crossings; the equivalent of 94.5 per day. The Palestinian Red Crescent Society crews received 6,947 trucks from the Egyptian Red Crescent through the Rafah crossing from 10/21/2023 until 02/01/2024. The trucks contained food, water, relief aid, medical supplies and medicines.