Fouad emphasized that the initiative is important because it addresses one of the consequences of climate change that does not receive enough attention, which is the forced displacement of people. She said that Egypt and Jordan, as host countries for refugees, face additional responsibilities and burdens to provide humanitarian assistance, education, health, and services to refugees, while also dealing with the effects of climate change. She added that the complexities of climate and refugees are increasing, which leads to more risks and challenges for the affected countries. She said that Egypt suffers from a major water problem due to climate change, which affects other important areas such as agriculture. She also said that the newly established Loss and Damage Fund will have an innovative and effective role in addressing the effects of climate change, including climate and environmental refugees.

Jakarta, Indonesia CNN —Eleven climbers have died and another dozen are missing in Indonesia following the eruption of a highly active volcano in the province of West Sumatra, officials told CNN on Monday. In addition to the 11 who had died, three climbers have been found alive but a further 12 remain missing, Malik said, their condition unknown. A student walks as Mount Marapi volcano spews volcanic ash as seen from Nagari Batu Palano in Agam, West Sumatra province, Indonesia, December 4, 2023. Officials monitoring Marapi’s movements told CNN affiliate CNN Indonesia of potential dangers from Sunday’s eruption, including flowing molten lava which could reach roads and nearby rivers. It is Mount Marapi, not Mount Merapi

Egypt’s mission to the African Union (AU) has successfully led the Union’s efforts to fill the funding gap of $25.9m for the AU mission in Somalia, which faced a financial crisis. Egypt’s Permanent Representative to the AU, Mohamed Gad, explained the work of the Budget Committee, which was mandated by the AU foreign ministers during their last meeting in Nairobi in July 2023, to adopt a proposal to close the funding gap. Gad said that the Union’s ability to find African solutions demonstrated the commitment of the member states to their responsibilities towards peace and security issues on the continent, and refuted any claims to the contrary. He also emphasized the importance of continuing to support the efforts to access the UN-assessed contributions to finance the AU-led peace support operations, in light of the UN Security Council’s primary responsibility for maintaining international peace and security. Egypt attaches great importance to the stability of the situation in Somalia and supports all efforts to enhance peace and security and to build the institutional capacities of the Somali people.

Egypt’s debt breakdown by maturityBy original maturity, Egypt’s external debt reaffirmed its pattern of long-term debt predominance at the end of June 2023. Breakdown by currencyMeasuring the currency composition of Egypt’s external debt is an important indicator that sheds light on the external debt exposure to currency markets’ volatility. The Central Bank’s external debt increased by about $2.7bn to $43.6bn, representing 26.5% of external debt. External debt indicatorsEgypt’s external debt stock to GDP represented 40.3% at the end of June 2023 compared with 32.6% at the end of June 2022. Short-term external debt by residual maturity to total external debt registered 30% at the end of June 2023 against 27.1% at the end of June 2022.

He said that the Israeli forces committed horrific massacres in the past hours, targeting civilians and bombing all areas of the Gaza Strip indiscriminately, despite claiming that some areas were safe. He added that many of the wounded were dying due to the lack of medical services, and that the Israeli forces deliberately bombed hospitals in the northern Gaza Strip. He also reported that the Israeli forces arrested 35 health workers from the Gaza Strip, including the director of Al-Shifa Medical Complex. The Al-Qassam Brigades also said that they detonated a minefield with an Israeli force of eight soldiers northeast of Khan Yunis and killed the survivors. They also targeted a special Israeli force inside a building in Beit Hanoun with a TBG shell and killed some of its soldiers.

Jack Grealish's 81st-minute goal appeared to have won the game for champions City but Dejan Kulusevski's header in the 90th minute condemned City to a third successive draw. After the dust settled on a frenetic encounter, City were left in third place in the standings, three points behind leaders Arsenal and one behind Liverpool. Guardiola had also regained his composure after losing his cool in the closing stages. "The performance was quite similar to what we have done lately," Guardiola told a press conference. Of the late controversy, Guardiola refused to blame the decision for his side's failure to win.

Tel Aviv, Israel CNN —Israeli authorities recalled their team of negotiators from Qatar after reaching a “dead end” in talks to release hostages held by Hamas in Gaza, according to a statement released by Prime Minister Benjamin Netanyahu’s office. The talks in the Gulf nation had led to a tenuous truce between Hamas and Israel that lasted seven days before collapsing on Friday morning. Hamas in a statement held Israel and the United States responsible for ending the dialogue. Israel had agreed to extend the truce daily for every 10 hostages Hamas released. The Israel Defense Forces said Friday that there are 136 hostages still being held in Gaza, including 17 women and children.

Abdallah Sallam, the CEO of Madinat Masr, highlighted that Egypt’s real estate market is fine, despite the economic challenges that the global economy is facing. He stressed that the real estate sector is the engine of the Egyptian economy in every sense of the word. Sallam said: “I do not care about the dollar price, but what matters is stability because it greatly affects the real estate market. El Hini added that real estate development should be treated in the future as tourism development. Additionally, there is a demand for real estate located near the sea.

Egypt’s debt breakdown by maturityBy original maturity, Egypt’s external debt reaffirmed its pattern of long-term debt predominance at the end of June 2023. Breakdown by currencyMeasuring the currency composition of Egypt’s external debt is an important indicator that sheds light on the external debt exposure to currency markets’ volatility. The Central Bank’s external debt increased by about $2.7bn to $43.6bn, representing 26.5% of external debt. External debt indicatorsEgypt’s external debt stock to GDP represented 40.3% at the end of June 2023 compared with 32.6% at the end of June 2022. Short-term external debt by residual maturity to total external debt registered 30% at the end of June 2023 against 27.1% at the end of June 2022.

CAIRO – 3 December 2023: Sunday marks the last day of voting for Egyptian expats in the 2024 Presidential Election as they are casting ballots at 104 embassies and consulates worldwide. 16:38: Egyptians are flowing in big numbers to voting venues in Geneva. 16:36: Egyptians are flowing in big numbers to voting venues in the Saudi capital, Riyadh. 16:14: Egyptians are flowing in big numbers to voting venues in Netherlands. 11:06: Female expats make a high turnout in the voting venues in Jeddah.

CAIRO – 3 December 2023: It is the last day of voting in the 2024 Presidential Elections for Egyptians living abroad. If you have not yet voted in the elections, check the National Election Authority’s website to find out where to cast your vote in your country of residence. Vote counting commencedThe NEA said on Sunday that the counting of votes from Egyptians living abroad in the 2024 Presidential Elections has commenced in Wellington, New Zealand, after three days of overseas balloting. Every Egyptian who has reached the age of 18 has the right to participate in the presidential elections. Other candidates are Farid Zahran, head of the Egyptian Social Democratic Party; Abdel Sanad Yamama, Head of Al-Wafd Party, and Hazem Omar, head of the Republican People’s Party.

The Israeli army continued its aggression against the besieged Gaza Strip, for the second day after the end of a week-long truce. The death toll from the Israeli aggression climbed to 15,208 deaths, and 40,652 injuries according to the spokesperson for the Ministry of Health in Gaza, Ashraf Al-Qudra. On Saturday, Israeli aircraft launched raids on various parts of the Gaza Strip and committed a new massacre in the Jabalia camp, resulting in the death of more than 100 Palestinians. Over the past three days, delegations from Egypt, the US, Israel and Qatar met in Doha to discuss extending the humanitarian truce in Gaza, but talks have failed. He pointed out that those infected need life-saving care, and healthcare workers need protection and supplies to provide the service.

In a significant step forward in the fight against climate change, the Global Capacity Building Coalition (was launched Saturday at COP28. This unprecedented global collaboration will work to significantly increase the availability and effectiveness of climate finance technical assistance programs for financial institutions in emerging markets and developing economies (EMDEs). The Global Capacity Building Coalition is well-positioned to play a leading role in unlocking climate finance for EMDEs. Kristalina Georgieva, Managing Director of the IMF said: “We welcome the creation of the Capacity Building Coalition on Climate Finance. That requires enhancing the technical assistance and capacity support financial institutions in developing countries receive – including to make it more responsive to demand and needs.

CAIRO – 3 December 2023: Grand Imam of Al Azhar, Sheikh Ahmed Al Tayeb, directs that Palestinian students will be exempted from tuition fees and hosted in the Islamic Mission City in Cairo. Also, monthly pocket money will be given to all Palestinian students coming to study at Al-Azhar University and Islamic scholarship institutes. The number of Palestinians studying at Al Azhar University and Institutions is 444 male and female students, in addition to 75 who applied for scholarships this year. “This comes within the framework of Al-Azhar’s full solidarity with the people of Palestine against the brutal Zionist aggression,” Al Azhar Sheikhdom said in a statement on Saturday.

Additionally, the funding needed to implement developing countries’ pledges by 2030 is estimated at $6 trillion, while current flows do not exceed $100bn annually. Expert reports estimate the climate financing gap at $2.5trn, exacerbated by the debt crisis facing developing countries due to external factors. This debt crisis further constrains developing countries’ ability to access loans at affordable rates. These measures include accelerating the activation of debt management mechanisms for developing countries, including middle-income countries, by expanding debt-for-development swaps. Al-Sisi also urged countries to join the Sustainable Debt Alliance Initiative, launched by Egypt in collaboration with the United Nations Economic Commission for Africa.