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.

Escalating tensions in the Red Sea are raising concerns about oil price volatility and disruptions to global trade, according to Moody’s Investors Service and the International Monetary Fund (IMF). The American credit rating agency warns that ongoing shipping disruptions in the Red Sea, fueled by Houthi rebel attacks, could lead to increased oil price volatility, spikes in shipping rates, and higher marine insurance costs. Hapag-Lloyd CEO Rolf Habben Jansen believes the attacks are unlikely to stop soon, potentially forcing companies to bypass the Suez Canal. As per a January IMF report, roughly 12% of global trade in the first half of 2023 relied on this crucial waterway connecting the Red Sea to the Mediterranean. Additionally, around 15% of global shipping traffic and a significant portion of Egypt’s foreign currency income depend on this vital route.

Egyptian Prime Minister Mostafa Madbouly convened a meeting Sunday to address the critical issue of medicine and medical supply shortages plaguing the healthcare sector. Prime Minister Madbouly acknowledged existing drug shortages and stressed the need for immediate action to bolster reserves and achieve sustainable healthcare provision. He emphasized the government’s ongoing efforts to expedite supplies and highlighted the formation of a dedicated committee, comprising representatives from various concerned bodies, to tackle this challenge. Bahaa El-Din Zidan, Chairperson of the Egyptian Authority for Unified Procurement, Medical Supply, and the Management of Medical Technology, reassured the public about ongoing communication and collaboration between relevant stakeholders. He announced partnerships with five international laboratory companies to localize their operations within the country, a move expected to boost domestic availability of medical supplies in the long term.

The Central Bank of Egypt (CBE) anticipates persistent inflationary pressures in the Egyptian market due to financial control measures and supply-side factors. It also noted that the domestic liquidity growth rate, which exceeded its historical average, added to the inflationary pressures. The MPC stated that the 200 basis point hike aimed to lower inflation expectations and tighten monetary conditions, to keep inflation rates on a downward trajectory. The MPC confirmed that the path of the basic interest rates depended on the expected inflation rates. Current updates showed that inflationary pressures persisted and rose above their normal pattern, which was reflected in the inflation of both food and non-food items.

Fairmont Nile City invites couples to step back in time and experience a Vintage Valentine's Day celebration like no other. The retro ambiance and extraordinary culinary experience create an atmosphere for couples to celebrate their love in style. Saigon Restaurant offers an exquisite Asian dining experience while enjoying the romantic melodies of the live entertainment. The ethereal notes of the harp infuse the air with elegance, creating a mesmerizing atmosphere that elevates the Valentine's Day experience. For guests looking to luxuriate in relaxation, the hotel offers a couple's spa retreat at its renowned spa.

The Central Bank of Egypt (CBE) will launch a tender for local treasury bills in US currency worth $1bn on Monday, with a maturity of one year, ending on 5 February 2025. The CBE received 31 bids worth $1.02bn for a similar tender in January worth $830m, of which it accepted 20 bids worth $850m, with an interest rate of 5.149%. Some investors asked for a return of up to 6.25% to subscribe to this tender, but the CBE rejected them. The subscription process for these dollar bills is the same as for the local currency bills. Each bank of the “main dealers” sends a subscription request to the CBE, stating the amount and the interest rate they want.

CAIRO – 4 February 2024: France’s Minister for Europe and Foreign Affairs Stéphane Séjourné has expressed his keenness to coordinate efforts with Egypt toward reaching a sustainable ceasefire in Gaza and ensuring the swap of detainees. Séjourné made the comments during his meeting with President Abdel Fattah El-Sisi in Egypt in the presence of Foreign Minister Sameh Shoukry. Séjourné highlighted shared positions of France and Egypt regarding the necessity to prevent the expansion of the conflict in Gaza. They also underscored the pivotal and irreplaceable role of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) in providing aid and relief to the people of Gaza. Egypt is currently engaged in intensified global efforts to secure the release of captives held in Gaza and negotiate an extended ceasefire amidst ongoing Israeli aggression since October 7.

The Assets and Liabilities Committees (ALCO), which are in charge of setting interest levels in banks, will start Sunday to adjust the interest rates on their savings and loan products following the Central Bank of Egypt (CBE)’s decision to raise interest rates by 2% at once last Thursday evening. The Monetary Policy Committee (MPC) of CBE decided to increase the basic interest rates by 2%, making them 21.25% for deposits, 22.25% for lending, and 21.75% for the credit and discount rates and the main operation of CBE. As an immediate reaction in the market, interest rates on variable-return certificates and some loan products linked to the interest rates rose by 2%. There are several variable-return savings certificates in the Egyptian market, such as the National Bank of Egypt (NBE)’s “platinum” certificate and Banque Misr’s “Al-Qimma” certificate, as well as many variable-return loan products. The Ministry of Finance plans to issue 25 auctions for treasury bills and bonds worth EGP 540.25bn in February, including 16 bond auctions worth EGP 528bn and nine bond auctions worth EGP 12.25bn.