The European Council on Wednesday approved €20m in assistance for the Egyptian Armed Forces (EAF) under the European Peace Facility (EPF). The funds will be used to bolster the EAF’s capabilities to enhance national security and stability in Egypt, as well as to strengthen civilian protection. This declaration, building on the 2004 Association Agreement, outlines six key pillars for collaboration, including security and defence. The EPF was established in March 2021 to support EU external actions with military or defence implications in partner countries. The EPF allows the EU to fund actions designed to enhance the capabilities of third states and regional and international organisations in military and defence matters.

Egypt’s President Abdel Fattah Al-Sisi welcomed his Estonian counterpart Alar Karis in Cairo to discuss regional and international issues, notably the Palestinian cause. Al-Sisi stressed the importance of concerted efforts to reach an immediate ceasefire and prevent the region from slipping into a large-scale regional war. He highlighted the keen interest of the Estonian President in bringing a delegation of Estonian businessmen and investors to Egypt to explore potential areas of cooperation, particularly in the energy, mining, education, and food industries. This is akin to the growing engagements in the fields of communications, information technology, and digital transformation, areas in which Estonia excels. The two presidents also discussed ways to enhance tripartite cooperation in Africa to achieve the common interest of all parties.

Bonyan, a subsidiary of Compass Capital, is planning to acquire new administrative buildings next year as part of its strategic expansion plan. Capital Utilisation for Administrative and Logistics AcquisitionsBonyan plans to use the proceeds from its capital increase to purchase new administrative spaces and buildings. He suggested that individual real estate investment in Egypt is not the most efficient method, and specialized real estate investment firms provide a more effective model than individual unit ownership. Expansion in Egypt’s Commercial Real Estate and Logistics SectorsAboul Fadl sees promising growth potential in Egypt’s commercial real estate sector, expecting it to yield high returns. Challenges in the Egyptian Real Estate Market and Growth ProspectsDespite inflation, currency devaluation, and other challenges, Bonyan remains committed to its growth strategy.

The Egyptian government has announced a new package of tax incentives aimed at boosting investment and easing the burden on businesses. Kouchouck said the goal is to reduce the tax burden on businesses, attract new investors, and support liquidity. This system includes exemptions from capital gains tax, dividend distribution, stamp duty, registration and documentation fees, and exemption from withholding or advance payments. It also allows for only four value-added tax declarations annually, with the first tax inspection occurring after five years. In addition to the tax incentives, the government is also working on several other initiatives to improve the business environment in Egypt.

This forum, themed “Everything Starts Locally – Working Together for Sustainable Cities and Communities,” brought together 30,000 participants from 180 countries. She highlighted a significant project supported by the Green Climate Fund to address sea-level rise in seven Egyptian governorates using such solutions. Fouad discussed the findings of Egypt’s green growth policy review, conducted with the Organization for Economic Co-operation and Development (OECD). It focused on examining successful local solutions to empower policymakers in shaping global climate strategies and fostering climate-resilient urban development. The minister pointed out that Egypt’s 2050 National Climate Strategy serves as a comprehensive framework for embedding sustainability into urban development.

Egypt’s Prime Minister Mostafa Madbouly met with representatives of INTRO Holding on Tuesday to discuss the development of the Kemet Data Centre, a significant project within the Suez Canal Economic Zone (SCZone). “The Kemet Data Centre is the first of its kind in the SCZone and will be a major leap forward for data centres in the region and globally,” he said. The SCZone’s Chairperson, Gamal El-Din, confirmed that the Kemet Data Centre is the first project in the zone aimed at exporting services while relying on renewable energy, making it a “Green Data Centre.” He attributed the swift agreement with INTRO Holding to the recently finalised regulations governing the establishment of data centres. The Kemet Data Center will be implemented in four phases, with each phase accommodating 2,500 data transfer cabinets, each with a power capacity of 20 megawatts. In response, INTRO Holding representatives pledged to accelerate the project’s completion within the timeframe set by the Prime Minister.

CAIRO – 5 November 2024: Minister of Foreign Affairs Badr Abdel Aty received Tuesday a handwritten message addressed to President Abdel Fatah El-Sisi from his Mauritanian counterpart and that was delivered by Secretary-General of the Mauritanian Presidency Moulay Mohamed al-Aghzaf. Aghzaf is representing President Mohamed Weld El Sheikh al-Ghazwany at the World Urban Forum (WUF 12). Hence, the participation was valued by Minister Abdel Aty who asserted Egypt's eagerness for reinforcing relations in various fields. He also expressed aspiration for holding the second session of the Egyptian-Mauritanian Committee in Nouakchott soon. The minister focused on economic collaboration offering that Egyptian companies implement infrastructure projects planned by Mauritania, and expressing interest in expanding bilateral trade and Egyptian investments in the sectors of energy, agriculture, fisheries, and mining.

I’ve also worked on local, congressional, senate and presidential races and now direct an academic research center on politics. The machinery of the Electoral College is complicated, but in short, Americans vote for electors and the electors vote for the president. That fulfills the Electoral College’s duties until the next presidential election. Now, 20 senators and 87 House members must back any challenge to the certification of a state’s Electoral College results. This article was originally published during the 2020 presidential election.

Prime Minister Mostafa Madbouly held a press conference on Monday ahead of the opening of the 12th edition of the World Urban Forum (WUF). Since then, he has aspired for Egypt to host this forum, and today, as Prime Minister, he celebrates its realization in Cairo. However, Cairo’s selection presented a unique challenge, given its population of 22 million. Madbouly further emphasized that Cairo’s selection aligns with Egypt’s real-world initiatives that resonate with UN-Habitat’s mission to elevate urban living standards. This includes housing projects aimed at low-income groups and youth, such as the Social Housing Project, Housing for All Egyptians, and the redevelopment of informal and unsafe areas.

CAIRO- 4 November 2024: President Abdel Fattah El-Sisi met with the Chairman of the Yemeni Presidential Leadership Council, Dr. Rashad Al-Alimi, on the sidelines of the 12th edition of the World Urban Forum, held in Cairo. The Spokesman for the Presidency, Ambassador Ahmed Fahmy, said the two presidents affirmed the deep and strong historical relations between Egypt and Yemen. The two presidents discussed developments in the Gulf of Aden and the Red Sea and the ongoing efforts to restore stability in the region. President El-Sisi affirmed Egypt's vision in this regard and presented its efforts aimed at reaching a ceasefire in Gaza and Lebanon and reducing tension. The Chairman of the Yemeni Presidential Leadership Council expressed his deep appreciation for Egypt's sincere and continuous support for Yemen, stressing the depth of the fraternal relations between the two countries, and affirming his aspiration to continue consultation and coordination with the President.

Egypt’s President Abdel Fattah Al-Sisi addressed the opening of the 12th World Urban Forum (WUF12) on Monday, calling for a global effort to address the challenges facing cities and settlements worldwide. “This edition of the Forum comes at a crucial time as the world faces consecutive international crises and wars with devastating repercussions on cities, communities, and all aspects of life,” Al-Sisi said. He emphasized the importance of achieving peace and focusing efforts on development, reconstruction, and rebuilding in order to address urban challenges. “It is impossible to take any serious steps to address urban challenges in societies suffering from wars, fighting, displacement, famine, and disease,” he said. Al-Sisi expressed his hope that the World Urban Forum would be a significant step towards implementing the “New Urban Agenda,” strengthening international partnerships, and finding innovative solutions to address urban development challenges and achieve sustainable development goals.

Tatra Development has announced its entry into the Egyptian market by launching over 15 residential projects in various locations within New Cairo. He highlighted that the real estate sector in Egypt has a solid investment foundation, creating new opportunities for the company’s success. Founded 20 years ago in Kuwait, Tatra Development has established itself as a leader in the Kuwaiti real estate sector, with a property portfolio valued at approximately KWD 35m. Although Tatra officially launched its operations in Egypt in July, it has already begun construction on seven residential projects simultaneously and has achieved 50% of its sales targets. The extensive urban development in Egypt, including the establishment of over 37 new cities, underscores significant growth in this sector.

CAIRO – 22 October 2024: President Abdel Fattah El-Sisi expressed Egypt's appreciation for Russia's support during Egypt's accession to BRICS and acknowledged the efforts Russia made throughout its presidency of the BRICS Summit. El-Sisi also conveyed his happiness with Egypt’s first-time participation in the BRICS Summit. During a bilateral discussion with Russian President Putin, President El-Sisi praised the growing strength of Egypt-Russia relations. In response, President El-Sisi expressed Egypt's commitment to participating in the activities organized under Russia's presidency of the BRICS Summit this year. President El-Sisi arrived in the Russian Federation earlier to attend the BRICS Summit, held in Kazan.

KAZAN — Egyptian President Abdel Fattah al-Sisi has said he sees the BRICS group as a breakthrough in advancing the interests of all its members, particularly in trade. Al-Sisi made the remarks during a meeting with Russian President Vladimir Putin on the sidelines of the BRICS summit in Kazan, Russia. “We see also the breakthrough that BRICS achieves in the interests of all its members regardless of any pressures, particularly in trade relations. Al-Sisi also expressed Egypt’s appreciation for Russia’s support for its accession to BRICS. “We pay special attention to expanding friendly ties with Egypt, Russia’s long-standing and reliable partner,” the Russian president emphasised.

Cairo – October 22, 2024: The Ministry of Investment and Foreign Trade is working diligently to implement transparent policies and clear standards aimed at regulating the automotive industry in Egypt, with Minister of Investment and Foreign Trade, Hassan El-Khatib, adding that ongoing financial and procedural reforms are underway to provide further facilitation for local investors to localize the industry and to enhance the country’s foreign trade activities. The investment minister held an extensive meeting with representatives of global car manufacturers, agents, and distributors to bolster Egypt's automotive industry on Tuesday. During the meeting, Minister El-Khatib emphasized the government's deep commitment to the automotive sector, recognizing its key role in attracting foreign investments and promoting industrial growth. Among the ministry’s immediate priorities is reducing customs clearance times and alleviating tax and financial burdens on investors. Representatives from the automotive sector shared their suggestions on overcoming the challenges facing the industry and advancing its development during Tuesday’s meeting.