Parliamentary delegation headed by Speaker visits China
Speaker of the House of Representatives Ali Abdel Aal in a meeting with the head of the Shanghai Municipal Committee of the Communist Party of China (CPC). June 17, 2019. Press PhotoCAIRO - 18 June 2019: Speaker of the House of Representatives Ali Abdel Aal presided a parliamentary delegation in a visit to China and met on Tuesday Chairman of the 13th Chinese People’s Political Consultative Conference’s (CPPCC) National Committee Wang Yang.Speaker Abdel Aal presented the role of the House of Representatives in laws promulgation, and monitoring of the government. The Speaker highlighted that the state is currently experiencing a legislative revolution to cope with the economic reform program adopted by Egypt.Abdel Aal said that the visit came in time where the Egyptian and Chinese relations are witnessing momentum on all levels praising the cooperation between both countries in the field of counterterrorism.The Speaker expressed appreciation for the economic ties between China and Egypt, pointing out that the Belt and Road Initiative (BRI) mirror the shared views of both countries on the salience of reinforcing international trade.On his side, Yang welcomed the delegation and said that China perceives Egypt as a strategic partner and friend because of the proximity of visions on international and regional matters of mutual interest.The delegation had met on Monday the head of the Shanghai Municipal Committee of the Communist Party of China (CPC) as she presented the city’s economic experience, particularly in the sector of organizing international fairs where Egypt takes part regularly.
Source:Egypt Today
June 18, 2019 15:45 UTC
May Kassab guest of Shabka Arab Rap Festival in Morocco
FILE - May KassabMay Kassab - Press PhotoCAIRO - 18 June 2019: May Kassab is preparing to fly to Morocco, to be the guest of the opening ceremony of the new edition of the Shabka Arab Rap Festival, which is hosted by the Moroccan city of Salé, on Sunday evening (July 14th).Shabka is one of the most prominent Moroccan music festivals that focus on the culture of rap and hip hop. This year, the ninth edition of the festival resumes for a week, hosting a number of leading Arab rap stars, mixing it with a combination of the most important musical experiences in the Moroccan interior. In addition, the festival also organizes lectures, workshops and music competitions in the world of rap.Kassab takes advantage of her presence in Morocco before the launching of the festival to shoot her new song “Bebasata” (Simply), uniting her for the first time with Moroccan singer Farid Ghannam. The song is part of her new album “Ana lesa hena” (I am still here).
Source:Egypt Today
June 18, 2019 15:22 UTC
The Legacy Continues - Etisalat Misr Ramadan 2019 Sohour
Etisalat Misr Ramadan 2019 Sohour - Egypt Today. CAIRO - 18 June 2019: Etisalat Misr held its sohour event at The Nile Ritz-Carlton, Cairo with ultimate entertainment experience, in the presence of Eng. Gamal El-Sadat, Chairman of Etisalat Misr, and Eng. Hazem Metwally, CEO of Etisalat Misr.The Event was attended by H.E. Dr. Ashraf Sobhi, Minister of Youth and Sports, as well as H.E.
Source:Egypt Today
June 18, 2019 15:11 UTC
Naguib Mahfouz museum to be officially launched end of June
Halls within the Naguib Mahfouz Museum – Photo courtesy of Ministry of Culture press releaseHalls within the Naguib Mahfouz Museum – Photo courtesy of Ministry of Culture press releaseHalls within the Naguib Mahfouz Museum – Photo courtesy of Ministry of Culture press releaseCAIRO - 18 June 2019: Minister of Culture Inas Abdel Dayem inspected the Naguib Mahfouz Museum at the Tkeit Abu el-Dahab building in Al-Azhar district, in preparation for its opening at the end of June.The opening of the much anticipated museum comes in conjunction with Egypt’s celebrations of the June 30 revolution, in the presence of the veteran writer Yusuf Al-Qaid, head of the Cultural Development Fund Dr. Fathi Abdel Wahab and head of the Civil Coordination Authority Mohammed Abu Saada.Abdel Dayem stated that the Ministry of Culture faced many challenges until the completion of all the works and equipment of the Naguib Mahfouz Museum; stressing that what has been achieved is a pride for all Egyptians, as it also embodies the nation's belief in the need to preserve the historical vocabulary that formed its soft power through its prominent writers throughout history.The Minister of Culture also referred to re-shaping and beautification of the area facing the museum through a mural carried out by the National Authority for the coordination of civilization in cooperation with the province of Cairo.The Naguib Mahfouz Museum consists of two floors, the first hosts halls for seminars, a Visual/ sound library, a public library and a library of critical research including the most important researches and studies on the work of Naguib Mahfouz.The second floor includes a suite of decorations and certificates obtained by the late writer, and another for his personal belongings with some papers written in his own handwriting, in addition to the Hall of literature, which includes all the works of Naguib Mahfouz in their old and new prints, along with all the writer’s translated works next to a cinema hall and several other halls.
Source:Egypt Today
June 18, 2019 15:11 UTC
Who is the hero Ahmed Abdel Aziz?
The Hero Ahmed Abdel Aziz - Press PhotoPart of the famous street in El-MohandeseenAnother part of the famous streetA different angle of the significant street in El-MohandeseenAhmed Abdel Aziz in Palestine during his heroic actsAhmed Abdel Aziz - Press PhotoCAIRO - 18 June 2019: In continuation of Egypt Today’s series of famous streets in Egypt, in the following lines Egypt Today shed light on another hero in the Egyptian history. He is the hero Ahmed Abdel Aziz (El-Batal Ahmed Abdel Aziz in Arabic).A very famous street in Cairo’s upscale Mohandeseen district is named after him. Abdel Aziz was born on July 29, 1907, in the city of Khartoum in neighboring Sudan, where his father the Amirlai Mohammad Abdul Aziz was commander of the eighth battalion in a military mission in Sudan, in which he returned back to Egypt after his task was completed.Since a very young age, his patriotism and love for his country was very clear. At the age of twelve, he joined in the revolution of 1919 while he was still a student at the secondary school.In 1923, the hero was imprisoned for murdering an English officer, then released and deported to Mansoura. Abdel Aziz then joined the military school and was a distinguished officer of the cavalry unit.
Source:Egypt Today
June 18, 2019 15:06 UTC
Orascom Development sells 87% of its stake in Tamweel for LE360M
FILE – Orascom DevelopmentCAIRO – 18 June 2019: Orascom Development Egypt (ODE) announced the conclusion of the sale its 87 percent equity stake in Tamweel Group for a total of LE 360 million to Ebtikar for Financial Investment S.A.E (“Ebtikar”), TCV1 and Acquire for Investment S.A.E.Orascom Development clarified Tuesday that Ebtikar is a joint venture between MM Group for Industry and International Trade S.A.E and B Investments Holding S.A.E.According to ODE’s statement, the share transfer has been executed after obtaining all necessary approvals and ODE will now start receiving the LE 313 million cash proceeds.“The cash proceeds resulted from the sale is geared towards the company’s earlier communicated debt reduction plan, which entails further reducing the outstanding debt balance in 2019 and thus enhancing the balance sheet,” the statement read.During the first quarter of 2019, Orascom Development recorded a 34 percent-increase in its consolidated profits, recording LE 111.33 million, compared to LE 83.08 million during the same quarter of 2018.As per standalone results, the company turned into profitability by LE 27.48 million during the first quarter of 2019, compared to a loss of LE 45.95 million during the first quarter of 2018.Orascom Development Egypt operates within the consumer services sector focusing on hotels, resorts and cruise lines with 52 subsidiaries operating across Northern Africa, Middle East and southern Europe.
Source:Egypt Today
June 18, 2019 15:00 UTC
Egypt, Mediterranean Union to implement more than 20 projects
FILE - Ministry of Industry and Trade LogoCAIRO – 18 June 2019: The Ministry of Industry and Trade revealed that the cooperation and development partnership between Egypt and the Union for the Mediterranean includes the implementation of more than 20 projects in the fields of business development and employment, higher education, scientific research, transport and urban development.Speaking at the EU-Mediterranean Business Forum to promote business and trade in the Euro-Mediterranean region, a ministry official said that these projects as regional projects aim at making a positive impact on a wide range of beneficiaries, with a focus on young people and women, such as projects of the Agadir Small and Medium Enterprises Program, Empowerment of Women and the Imbaba Urban Development Project.He stressed that Egypt is always ready for regional and international cooperation, enhancing the Union's active role through cooperation between the South-South countries and also through the tripartite cooperation formula. “The Union is a distinctive route for regional cooperation within the MENA region.”He pointed to the support of the German Agency for International Cooperation (GIZ) for the signatories to the Agadir Agreement through technical training and capacity building.In 2004, Egypt signed Agadir Agreement which is a free trade agreement between four Arab countries: Egypt, Jordan, Morocco and Tunisia. The agreement which came into force in 2007 helped enhance the trade exchange between the four countries.
Source:Egypt Today
June 18, 2019 15:00 UTC
Egyptian organization selling pushes EGX into red
FILE – EGXCAIRO - 18 June 2019: The Egyptian Exchange (EGX) ended Tuesday’s session in red, losing about LE 3.35 billion of market capitalization, amid Egyptian organization selling.The benchmark EGX 30 declined 0.27 percent, or 38.35 points, to close at 14,202.86 points.The equally weighted index EGX 50 decreased 0.81 percent, or 17.29 points, to close at 2,104.46 points.The small and mid-cap index EGX 70 decreased 0.29 percent, or 1.78 points, to close at 604.25 points, and the broader index EGX 100 inched down 0.32 percent, or 5.02 point, to 1,544.13 points.Market capitalization lost LE 3.35 billion, recording LE 757.03 billion, compared to LE 760.38 billion in Monday’s session.The trading volume reached 80.04 million shares, traded through 13,164 transactions, with a turnover of LE 569.21 million.Egyptian investors were net sellers at LE 140.99 million, while Arab and foreign investors were net buyers at LE 3.17 million, and LE 137.82 million, respectively.Egyptian and foreign individuals were net buyers at LE 22.65 million and LE 927,247, respectively, while Arab individuals were sellers at LE 739,446.Arab and foreign organizations bought at LE 3.91 million and LE 136.9 million, respectively, while Egyptian organizations sold at LE 163.64 million.Upper Flour Mills, El Nasr for Manufacturing Agricultural Crops and Misr Cement (Qena) were top gainers of the session by 5.72 percent, 3.20 percent and 3.14 percent, respectively.Meanwhile, Arabia Investments Holding, Delta Insurance, and Arab Real Estate Investment CO.-ALICO were top losers of the session by 8.15 percent, 5.39 percent, and 4.44 percent, respectively.EGX ended Monday’s session on mixed note, as EGX30 rose 0.22 percent, and EGX50 increased 0.04 percent, while EGX70 dr0pped 0.10 percent, and EGX100 inched down 0.04 percent.
Source:Egypt Today
June 18, 2019 15:00 UTC
El Dibany the 1st Egyptian to win the best opera singer from Paris Opera House
File - Soprano Farrah El Dibany. CAIRO – 18 June 2019: Soprano Farrah El Dibany is the first Egyptian to win the “Prix Lyrique de l’AROP”, the best opera singer award from the Paris Opera House, according to Opera de Paris.This important annual international award is tailor made to uprising opera singers and is granted to one female and one male soprano.El Dibany joined the Paris Opera House in 2016. She is the first Egyptian resident of the Paris Opera House.She sang a song from the show “Carmen” by Bizet at the awards ceremony in the presence of Egyptian and French officials.In 2017 El Dibany performed along with Opera singer Jean-Francois Marras in a concert to celebrate a partnership between the National Paris Opera House and Huawei.Shw went to different classical institutions to represent the venue including the Bolshoi Theater in Moscow, the Biennale dell’Arte at the French Pavilion in Venice, the Cairo Opera House and Alexandria Opera House.She was awarded the Wagner Prize for excellence in opera. El Dibany on her official facebook page expressed the deep honor she feels to appear in a trailer that celebrates her partnership with the National Paris Opera house. The trailer was directed by a team led by Audrey Mascina.The sopranos’s performance in Carmen in 2015 succeeded in snatching the title of “Best Upcoming Young Opera Singer”, decided by a survey generated by the “Opernwelt” magazine yearbook, Women of Egypt reported.El Dibany is among the juries of the German music competition Jugend Musiziert in the national round of the Eastern Mediterranean region.
Source:Egypt Today
June 18, 2019 15:00 UTC
FAO may participate in 2nd edition of Cairo Water Week
Water - CC via Pexels/Daniel KuxA closer look at Egypt's 1st Cairo Water Week CAIRO - 21 July 2018: To gain a wealth of experience for tackling water-related challenges, Egypt will hold its first annual Cairo Water Week (CWW) from October 14 to October 18. Egypt suffers from water scarcity due to its increasing population of 104 million people. That is in addition to the meetings of the Presidential Infrastructure Champion Initiative (PICI) where 11 African ministers are expected to take part along with delegates of regional and international economic organizations. One of the goals of this initiative is the establishment of a maritime pathway connecting Victoria Lake and the Mediterrenean. The Nile Basin countries are expected to contribute in the accomplishment of that project.The conference will consist of competitions pertinent to the water sector and a fair including companies that operate in the sectors of water technology, irrigation systems, water treatment, and desalination.
Source:Egypt Today
June 18, 2019 15:00 UTC
Libyan parties agree on militias eradication in Cairo
The Libyan National Parties Conference held in Cairo, Egypt on June 17 -18. In his speech during a Monday meeting with Libyan figures and politicians in Cairo, Ragab said that Libyans support LNA efforts to restore the country's stability and security. Libyan parties meet in Cairo, support LNA efforts to fight terrorism CAIRO - 17 June 2019: Cairo hosted on Monday a meeting attended by Libyan national figures, politicians and tribal leaders who discussed the latest efforts by the Libyan National Army (LNA) to fight terrorism, to restore stability in the country and preserve its unity. The Libyan National Parties salute the [National Libyan] Armed Forces for heeding the repeated calls of the people for salvation from terrorism and militias that ruined the homeland and destroyed its properties. Moreover, the participants in this conference call upon the Libyan National Armed Forces to expedite the liberation of Tripoli and the full elimination of terrorism and crime that were imposed on Libyan over the past years.
Source:Egypt Today
June 18, 2019 14:59 UTC
Morsi suffered chronic diseases, received medical care: official source
He was moved to the Police Hospital in Agouza. However, wide and agry protests in June 2013 overthrew Morsi from power. A year later, the sentence was cancelled by the Court of Cassation. In 2017, Morsi was handed three years in prison for judiciary insult.In 2016, Morsi was given a life sentence in an espionage lawsuit as he was charged with spying for Qatar. A year later, the sentence was upheld by the Court of Cassation.Morsi was also serving a final 20-year prison sentence for killing protesters.
Source:Egypt Today
June 18, 2019 14:48 UTC
Uganda national team arrives in Cairo
File- Uganda national teamCAIRO – 18 June 2019: Uganda national team delegation arrived on Monday night in Cairo ahead of their participation in 2019 African Cup of Nations.The team prepared for the competition in the UAE where they played two friendly games against Turkmenistan and Ivory coast.Mamelodi Sundowns veteran goalkeeper, Denis Onyango, leads the squad that will appear in the tournament for the seventh time in the history.Uganda’s best achievement at the tournament came in 1978 when they finished second after losing the final to Ghana.Desabre’s chosen squad for the tournament consists of:Goalkeepers: Denis Onyango (Mamelodi Sundowns, South Africa), Jamal Salim (Al Hilal-Sudan), Robert Odongkara (Adama City, Ethiopia)Defenders: Nico Wakiro Wadada (Azam, Tanzania), Brian Ronald Ddungu Mukiibi (Ostersunds, Sweden), Murushid Jjuuko (Simba, Tanzania), Bevis Mugabi (Yeovil Town, England), Isaac Muleme (FK Viktoria Zizkov, Czech Republic), Hassan Wasswa Mawanda (Un attached), Joseph Ochaya (TP Mazembe, DR Congo), Timothy Denis Awanyi (KCCA FC, Uganda), Godfrey Walusimbi (Un-attached)Midfielders: Mike Azira (Montreal Impact, Canada), Allan Kateregga (Maritzburg, South Africa), William Kizito Luwagga (Shakhter Karagandy, Kazakhstan), Khalid Aucho (Church Hill Brothers, India), Faruku Miya (HNK Gorica, Croatia), Abdul Lumala (Syrianska, Sweden), Tadeo Lwanga (Vipers SC-Uganda)Strikers: Patrick Henry Kaddu (KCCA FC, Uganda), Derrick Nsibambi (Smouha, Egypt), Allan Kyambadde (KCCA FC Uganda), Emmanuel Arnold Okwi (Simba, Tanzania)Uganda plays in Group A alongside Egypt, Democratic Republic of Congo and Zimbabwe.
Source:Egypt Today
June 18, 2019 13:18 UTC
Very hot temperatures for Wednesday, Cairo 39C
Meteorologists predict very hot temperatures across the country during daylight on Wednesday, with moderate temperatures on the northern coast. Temperatures will grow milder at night throughout the country. The maximum temperatures predicted for the following cities are 32C in Alexandria, 39C in Cairo, 42C in Qena and 43C in Aswan. Mist will affect visibility in the country’s northern areas while Low and medium-level clouds will cover the northern areas. Waves in the Mediterranean Sea will be moderate and range between 1.5 to two meters in height with westerly surface winds while waves in the Red Sea will be light to moderate and range between one to 1.5 meters in height, with northwesterly surface winds.
Source:Egypt Independent
June 18, 2019 12:45 UTC
Egypt plans bond denominated either in yuan or yen or S.Korean won-official
U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017 - REUTERS/Thomas White/Illustration/File PhotoJune 18 (Reuters) - Egypt plans to issue an international bond in either the Chinese, Japanese or South Korean currency in the coming fiscal year starting in July, Deputy Finance Minister for Capital Market Operations Khaled Abdelrahman said on Tuesday.“We are looking at either a panda, samurai or Korean currency issuance,” he told Reuters on the sidelines of a Euromoney conference.The chosen currency would depend on factors including levels of investor demand and the cost, he added
Source:Egypt Today
June 18, 2019 12:00 UTC