CAIRO – 6 December 2023: ONE ORPHEUS container ship resumed its voyage in the Suez Canal normally after repairing a fault with its rudder and making sure that it is technically ready for shipping, Chairman of the Suez Canal Authority Osama Rabie said. In a statement released on Wednesday, Rabie added that six ships that were stranded behind ONE ORPHEUS will also resume their passage through the international waterway. The Suez Canal is ready to deal with such navigation emergencies and technical malfunctions, the official noted.

These include tax exemptions of 33% to 55% for income from green hydrogen projects initiated within the next five years. The government is also committed to increasing the use of green financing tools, to direct 50% of government investments towards environmentally sustainable projects. To diversify sustainable financing, Egypt has issued “panda” bonds worth CNY 3.5bn in the Chinese market and “samurai” bonds totaling JPY 75bn in the Japanese market, earmarked for eco-friendly investments. Furthermore, Egypt has secured approximately $1.5bn in financing from international institutions, supporting the nation’s climate change goals amidst global economic challenges. This shortfall highlights the urgent need for increased climate financing and the economic implications of the green transformation.

Sherif Farouk, Chairperson of Egypt Post, announced on Tuesday that the Authority’s Board of Directors ratified the budget for the fiscal year 2022/23, showcasing a remarkable net surplus of EGP 4.4bn. Under Farouk’s leadership, Egypt Post has achieved significant milestones in the past three years. The Authority has recorded a net profit of EGP 4.4bn, marking a net profit growth rate of 21%. Service revenues have also seen a substantial increase, reaching EGP 5bn with a similar growth rate of 21%. These initiatives have significantly bolstered Egypt Post’s position in the market, restoring customer confidence and reclaiming its deserved market share.

(MENAFN- Daily News Egypt) President Abdel Fattah Al-Sisi has affirmed Egypt's commitment to receiving and coordinating international aid for the Gaza Strip. The announcement was made during President Al-Sisi's meeting with Nikos Christodoulides, the President of Cyprus, at the Ittihadiya Palace on Tuesday. Additionally, the meeting addressed the regional dynamics, notably the tensions in the Gaza Strip. President Al-Sisi reviewed Egypt's initiatives to secure a lasting ceasefire in the area, underscoring the international community's responsibility in this matter. President Al-Sisi also highlighted Egypt's extensive efforts to deliver humanitarian aid to Gaza's residents and reiterated the nation's preparedness to facilitate all international assistance destined for the Strip.

CAIRO - 6 December 2023: Egypt continues its efforts to support the Palestinian people during their humanitarian crisis. - The Egyptian Red Crescent coordinates with the agencies concerned to receive aid and provide the necessary support to bring aid into the strip. - Egypt has voiced concern about the continuation of Israeli military operations in the southern Gaza Strip and the continued targeting of civilians. - Egypt emphasizes the necessity of an immediate ceasefire to end the humanitarian catastrophe in the Gaza Strip and the necessity of returning to the political path to end this war. Egypt also urges the opening the way for the largest amount of humanitarian and medical aid, especially with a number of hospitals stopping work, especially in the northern Gaza Strip area.

Egypt - Central Bank of Egypt Governor Hassan Abdalla and International Monetary Fund (IMF) Managing Director Kristalina Georgieva met on the sidelines of COP28, reaffirming their commitment to economic stability and private sector growth. Despite regional and global challenges, the meeting highlighted Egypt’s economic resilience and its ongoing efforts to empower the private sector as a key driver of development. Structural reforms in fiscal and monetary policy were also central to the discussion. Georgieva lauded the Central Bank’s handling of monetary policy during these “exceptional times,” hinting at an increase in Egypt’s IMF loan to mitigate the impact of external factors and crises. She pledged the IMF’s continued “distinguished cooperation” to support the country’s economic trajectory.

The voting process will be preceded by electoral silence starting at 12 a.m. on December 8, 2023. At the mean time, political parties and forces are working to intensify their public activities to support their candidates before the start of the electoral silence period. Some of them also launched campaigns to encourage electoral participation and raise awareness of its importance, and work on it during the remaining period with the aim of addressing various segments of Egyptians. Politicians confirmed that the 2024 presidential elections are the real beginning of serious political reform, to which the state has paid attention during the recent period and this was strongly crystallized in the national dialogue sessions. Meanwhile, the Progressive Youth Union, the youth wing of the Tagammu Party, launched a campaign entitled “We Will All Participate” to urge Egyptians to participate in the 2024 presidential elections.

MANCHESTER, England, Dec 5 (Reuters) - Manchester City boss Pep Guardiola said he still feels his side are going to win the Premier League for a record fourth year in a row despite drawing their last three games. "My feeling today is we will win the Premier League," Guardiola told reporters ahead of City's match on Wednesday at Unai Emery's fourth-placed Aston Villa. We know that it is not easy, no team has done it yet (four Premier League titles in a row) and that is why the difficulty is there." Guardiola said he was concerned about the goals conceded but the statistics compared well to last season, when City won a treble of Premier League, Champions League and FA Cup. City also have Jack Grealish suspended for the match at Villa, who have won their last 13 home league games.

Egypt has voiced strong condemnation of Israel’s recent decision to authorize the establishment of a new settlement enclave in the occupied territory of East Jerusalem. This move is seen as a blatant breach of international laws and United Nations Security Council resolutions that declare Israeli settlements in the Occupied Palestinian Territories illegal. In a statement released on Tuesday by the Ministry of Foreign Affairs, Egypt firmly denounced Israeli settlement policies across all occupied Palestinian lands, including East Jerusalem. Egypt urged Israel to cease its unlawful settlement activities immediately. Furthermore, Egypt reiterated its appeal to key international stakeholders, the United Nations, and associated agencies to uphold their duties in safeguarding Palestinian rights and to halt Israeli unilateral settlement ventures that jeopardize the peace process’s future and the resolution of core issues between the Palestinian and Israeli sides.

Egypt expressed on Tuesday its approval of the United Nations Security Council’s Resolution 2714, enacted on 1 December 2023, which revokes the arms embargo on Somalia that has been in place since 1992. The Ministry of Foreign Affairs released a statement acknowledging that this resolution marks a significant step forward for the Somali government in its ongoing battle against terrorism and its pursuit of stability. Egypt reaffirmed its unwavering support for the Somali Federal Government’s endeavors to reestablish security and stability, as well as to foster development within the fraternal nation of Somalia. This support is anticipated to have a beneficial influence on the security and stability of the Horn of Africa region.

Prime Minister Mostafa Madbouly has said that the Egyptian state is keen on supporting small, medium, and micro enterprises (SMEs), encouraging entrepreneurship, and providing all the necessary services for their development. He said that the state gives priority to productive, industrial, innovative, and technological projects, as they contribute to achieving national goals, strengthening the national economy, and reducing imports. He also highlighted the agency’s role in implementing labor-intensive infrastructure projects and community and human development projects. Madbouly pointed out that the state has issued new laws and executive regulations to create a supportive environment for SMEs and to facilitate their transition from the informal to the formal sector. He stressed that the agency is a key tool for the state’s movement towards sustainable development.

Your taste buds will literally thank you when you give these Asian restaurants a shot. Don EateryLocated in New Cairo, this Asian street food joint has perfected Asian fusion food with a modern twist. Shogun Japanese RestaurantA 2023 Travelers’ Choice on Trip Advisor, this fancy restaurant serves authentic Japanese food. Indira, located in Holiday Inn Citystars, is just so special with its unique ambience and delicious, authentic dishes, making it one of the finest Indian restaurants in Cairo. Saigon Restaurant and LoungeOverlooking the Nile at Fairmont Nile City, this marvelous fine dining restaurant specializes in Asian fusion cuisine.

Maait said that its looking to diversify its financing tools, markets, sources and bonds and he also stated that he hopes to raise between $500 million and $1 billion through sustainability bonds in 2024. He also stated that the ministry has plans to issue another sukuk, panda and samurai bonds in 2024 but he didn’t specify more details. Egypt succeeded in offering the first ever issuance of sovereign Islamic with a value of $1.5 billion, with the subscription value amounting to about $6.1 billion, meaning that the subscription was 4 times oversubscribed in Feburary 2023. Finance minister also stated that the International Monetary Fund (IMF) confirmed its interest in increasing the amount of financing provided to Egypt. Georgieva was asked if the program would advance during the first quarter of 2024, to which she responded: "Yes, soon."

She said, during a field visit to the Gaza Strip, that the level of human suffering is unbearable and it is unacceptable for civilians not to have a safe place in Gaza. She pointed out that there is currently no adequate humanitarian response in light of the existing military siege on Gaza. Al-Qassam also targeted an Israeli infantry force and eliminated the rest of them from a zero distance in the Al-Faluja area in the northern Gaza Strip. The Al-Quds Brigades, the military wing of the Islamic Jihad Movement, said that they bombed the Kerem Shalom crossing and the Amitai base with concentrated missile barrages. The Al-Quds Brigades also said that they blew up an Israeli military vehicle with a “Piercer” device, and targeted two other vehicles with Tandem shells east of Gaza City.

In addition to this, Israel bombs the vicinity of Kamal Adwan Hospital in Gaza. A total of 20 hospitals remains out of service, though some have partially resumed operations after fuel supplies stopped in Gaza, said the Palestinian Ministry of Health in a statement. Entry of aid to Gaza is still limited, with less than 3% reaching Gaza Strip, the Ministry added. “About 600 holders of dual nationalities crossed through Rafah crossing from Gaza to Egypt’s Rafah, it added. On his X, UN Secretary-General António Guterres said: “I reiterate my call for a sustained humanitarian ceasefire in Gaza, the unconditional & immediate release of all hostages, and unimpeded & sustained humanitarian aid flow to meet the needs of the people throughout the Gaza Strip.”