First Internal Flight arrives Sphinx International Airport
A construction worker at Sphinx Airport – Press photoCAIRO - 15 October 2018: The facility’s inaugural flight arrival, headed by the Minister of Aviation Younis Al Masry, reached Sphinx International Airport on Monday.Sphinx International Airport serves 6th of October City, Sheikh Zayed, Fayoum, Beni Suef and Menia governorates.It is located near the Grand Egyptian Museum and the Haram area.It serves tourist areas in Cairo and receives one flight every day.The airport is designed to ease the pressure on Cairo International Airport, located east of the Egyptian capital.It consists of the main terminal building, the air control tower and 24 service offices.The airport has two main corridors for landing and takeoff, as well as emergency corridors. It accommodates 300 passengers per hour, and its main gate is located on the Alexandria desert road.The total area of the Sphinx International Airport is estimated at 26 thousand meters, at a construction cost of around LE 300 million.
Source:Egypt Today
October 15, 2018 18:33 UTC
Egypt to have Amr Tarek, Elneny ready for eSwatini clash
Europa League - Arsenal vs BATE Borisov - Emirates Stadium, London, Britain - December 7, 2017 Arsenal's Mohamed Elneny celebrates scoring their sixth goal - REUTERS/Dylan MartinezCAIRO – 15 October 2018: Egypt’s International players, Mohamed Elneny and Amr Tarek participated at the national team first training session in eSwatini and will be ready for the game on Tuesday.Amr Tarek suffered an injury during the first game on Friday and left the pitch injured, while Elneny suffered from muscle fatigue after the game.Ahmed Hegazi, who missed the first game for yellow card accumulation, is ready to support the national team on Tuesday, while Mohamed Salah will miss the game for injury.Salah led the national team to defeat eSwatini 4-1 and scored the fourth goal in the last minute of the first half from a direct corner kick. Salah picked a muscle injury and left the pitch two minutes before the final whistle.National team manager Javier Aguirre is expected to give a chance to many newcomers like Mohamed Sadek, Mohamed Hamdy and Mahmoud “Gennesh” Abdel Rahim.Aguirre, who was appointed national team manager on August, led the national team to achieve two home victories over Niger 6-0 and eStwani 4-1.Egypt plays in Group J alongside Tunisia, Niger and eSwatini and are at the second position at the group after two victories and a loss against Tunisia.
Source:Egypt Today
October 15, 2018 17:37 UTC
No tsunami expected to hit Egypt: EMA
A wave of bad weather and rainfall at the 5th settlement district in Cairo on Jan. 25, 201810K cubic meters of water collected from Saint Catherine floods CAIRO - 2 September 2018: The floods, which hit Egypt's Saint Catherine over the past two days, resulted in the accumulation of around 10,000 cubic meters of floodwater, said the Ministry of Water Resources and Irrigation. CAIRO – 15 October 2018: Head of the Egyptian Meteorological Authority (EMA) Ahmed Abdel Aal denied that Egypt is going to face a tsunami wave, affirming that this piece of information is not accurate.In a statement issued by the government on Monday morning, Abdel Aal said it’s not logic that Egypt will be hit by a tsunami wave because it is not one of the Atlantic countries. He added that Egypt might only be facing a strong wave of rains during the coming period.He said that all the details about expected rains or floods will be announced by EMA.Egypt’s weather has fallen noticeably, according to Abdel Aal, during the past days.On Saturday, EMA warned from a cold wave and a huge fall in temperatures. It was stated that there is a chance Egypt will witness rains and floods especially in the mountainous areas.EMA also advised drivers to be careful and look out for the heavy fog.
Source:Egypt Today
October 15, 2018 14:15 UTC
Aston Villa boss Smith keen to tap Terry's experience
"He (Terry) will be involved in everything I do and I have told him that ... that's how he will learn," Smith told Aston Villa TV. "I spoke to him at length, with what he's done in the game and the coaches he's worked under ... for him to want to work under me is really good for me. "Smith said O'Kelly would make the group stronger. He's a good coach, good person and he challenges me, Smith added. "Being a head coach, what you have to do constantly is make decisions and you won't always get them right but it's important you learn from them and Richard will challenge me.
Source:Egypt Today
October 15, 2018 14:15 UTC
UK to launch creative economies program in Egypt
Minister of Telecommunication and Communication Technology Amr Talaat (l) and British Minister of State for the Middle East at the Foreign and Commonwealth Office Alistair Burt (r) - Press PhotoCountry Director at the British Council in Egypt Elizabeth White - Noha El TawilHead of Developing Inclusive and Creative Economies (DICE) Becky Schutt - Noha El TawilCAIRO - 15 October 2018: The United Kingdom is initiating a partnership with Egypt to launch the Developing Inclusive and Creative Economies (DICE) program in two years. We know that for countries to succeed in creating jobs for future generations, and solutions for society’s problems, we need to support bright ideas and entrepreneurial spirit. Schutt clarified that creative economy can come up with creative solutions to gender inequality, demarginalization of certain social groups and unemployment.Schutt added that creative jobs are 85 percent less likely to be robotized and that it is ideal for women empowerment. The DICE fellowship program has been already introduced in Pakistan.Schutt clarified that the program is based on the demands of each country so as the UK currently co-designs the model with Egypt with an interest in hubs and intermediaries as one establishment can work with 100 others. Furthermore, DICE plans to do a mapping of different sectors in the creative economy - including journalism and media - to determine development needs, and potential areas.
Source:Egypt Today
October 15, 2018 14:03 UTC
SIS slams HRW’s torture allegations of Egyptian-American driver
The State Information Service (SIS) denounced on Sunday a Human Rights Watch (HRW) report on the alleged torture, sexual assault and disappearance of Egyptian-American citizen Khaled Hassan. “Egyptian authorities forcibly disappeared an Egyptian-American limousine driver, who said authorities also tortured him and held him secretly for four months,” the HRW report said. “The man, Khaled Hassan, 41, provided detailed allegations of torture, including two allegations of rape, to Human Rights Watch.”According to the report, National Security agents arrested and forcibly disappeared Hassan in Alexandria. The SIS added that HRW continues to do that despite dealing professionally with its previous reports on allegations of torture inside Egyptian prisons, and its replies to HRW’s inquiries in an effort to build confidence. “We consider this a violation of professional basics of the preparation and publishing of reports,” SIS said in its report.
Source:Egypt Independent
October 15, 2018 13:41 UTC
Trading on Sarwa Capital starts Monday
FILE - Employees in the EGX following performance of the trading session on December 12, 2017CAIRO – 15 October 2018: Trading on Sarwa Capital shares on the Egyptian Exchange started Monday, October 15, recording LE 6.67 per share at 1:09 p.m.(CLT), and losing 9.74 percent of its opening price after trading on 12.39 million shares with a turnover of LE 82.68 million.Sarwa offered around 295.2 million shares on EGX, representing 47.2 percent of the company’s capital, at a price of LE 7.36 per share, reaching a total value of LE 2.2 billion.Chairman of EGX Mohamed Farid said that the strong demand from Arab and foreign investors to represent 52.3 percent of the total offer is a very strong message that Egypt is on the right path by implementing reforms on all levels; financially, critically and legally.The stake of non-Egyptians "Arabs and foreigners" recorded 52.3 percent, while the share of Egyptians reached 47.7 percent of the total (public and private offerings).The company retail offering of 877.4 million shares was oversubscribed 30.1 times, recording demands of LE 6.5 billion. The retail offering subscription period ran from October 3 and ended Wednesday, October 10, 2018.On October 4, the company announced that its private offering was oversubscribed around 10.83 times, recording a strong demand of c.LE 21 billion ($1.2B), with demand coming from over 280 institutional and high net worth investors.The company added that the final price of its public offering was set at LE 7.36 per share after the success of the book-building process for the institutional offering of 265.65 million ordinary shares.For his part, Managing Director of Beltone Financial Holding Bassem Azzab said that the offering witnessed a great deal of interest from institutions and individuals both inside and outside Egypt, which was evident in the private offering coverage rates which reached 11 times and the public offering was covered more than 30 times.Beltone Investment Banking was acting as Sole Global Coordinator and Bookrunner, and Marouk Bassiouny was acting as counsel to the issuer.Azzab also noted that Sarwa is one of the most attractive companies in the Egyptian market due to several factors including the fact that the free trading ratio in the company will reach about 47 percent after the completion of capital increase, and the rate of growth in profits of the company hit 52 percent on average over the last five years.The company will allocate LE 700 million of the yields of public and private offerings to increase its capital by LE 95.11 million, in a closed subscription of selling shareholders at the offer price (LE 7.36).“Based on the offer price, the company’s post money market capitalization is LE 5.3 million,” Sarwa stated earlier.In August, Sarwa Capital announced its intention to issue IPO on the EGX.Sarwa Capital is a provider of consumer and structured finance solutions in Egypt.
Source:Egypt Today
October 15, 2018 13:41 UTC
Jihadists fail to quit Syria buffer, throwing deal into doubt
Jihadists in Syria’s Idlib failed to meet a Monday deadline to leave a planned buffer zone ringing the country’s last rebel bastion, casting fresh doubt over a deal to avert bloodshed. Jihadists had until midnight Sunday to Monday to pull out, according to Abdel Rahman and two rebel commanders in Idlib. Pullout still possibleHTS and other, more extreme jihadists hold over two-thirds of the planned buffer area, and over half of the rest of Idlib. The deal provides for a 15-20 kilometre buffer zone semi-circling opposition-held areas in Idlib and the neighbouring provinces of Latakia, Hama, and Aleppo. But he hinted on Monday that the military option was not off the table, saying jihadists should be removed from Idlib.
Source:Egypt Independent
October 15, 2018 13:41 UTC
EGX ends Monday in green, market cap. loses LE 2.6B
FILE- Employees in the EGX following performance of the trading sessionCAIRO – 15 October 2018: The Egyptian Exchange’s (EGX) ended Monday in green, although market capitalization lost LE 2.58 billion, amid foreign purchases.The benchmark EGX30 rose 1.81 percent, or 240.42 points, to close at 13,523.73 points.The equally weighted index EGX50 hiked 2.31 percent, or 47.23 point, to reach 2,093.68 points.The small and mid-cap index EGX70 increased 1.96 percent, or 13.44 points, reaching 698.51 points, and the broader index EGX100 inched up 1.87 percent, or 32.10 points, closing at 1,751.04 points.Market capitalization lost LE 2.58 billion, recording LE 758.96 billion, compared to LE 761.55 billion in Sunday’s session.The trading volume reached 147.04 million shares, traded through 21,520 transactions, with a turnover of LE 708.29 million.Medinet Nasr Housing, El Kahera Housing, and Memphis Pharmaceuticals were top gainers of the session by 10.77 percent, 9.92 percent and 9.15 percent, respectively.On the other hand, Sarwa Capital Holding, Lecico Egypt, and Six of October Development & Investment (SODIC) were top losers of the session by 11.14 percent, 9.85 percent, and 7.88 percent, respectively.Foreign investors were net buyers at LE 81.49 million, while Egyptian and Arab investors were net sellers at LE 58.09 million and LE 23.4 million, respectively.Egyptian individuals were net sellers at LE 1.74, while Arab and foreign individuals were net buyers at LE 4.9 million, and LE 388,781 , respectively.Egyptian and Arab organizations sold at LE 56.35 million, and LE 28.31 million, respectively, while foreign organizations bought at LE 81.11 million.
Source:Egypt Today
October 15, 2018 13:30 UTC
Disney revives ‘Aladdin’ movie, set to premier 2019
Disney plans to transport its fans back to its “whole new world” in 2019, as the conglomerate announced the live-action musical revival of its 1992 hit cartoon “Aladdin”, set to appear as Disney’s latest movie. The film became the highest grossing movie of its year, grossing $217 million in the United States and over $504 million worldwide. The first announcement of an Aladdin live-action adaptation was reported in 2016, with the cast joining in 2017. This is not the first Disney cartoon to be remade as a live-action movie. In the same year, Disney released its most successful live-action movie at that time, “The Jungle Book”, which made $364 million.
Source:Egypt Independent
October 15, 2018 13:30 UTC
Egypt to host 'Defenders of Friendship 3' military drills with Russia
FILE: Egypt to Host Joint Drills of Russian, Egyptian Paratroopers in 2018 - MoDCAIRO – 15 October 2018: Egypt will host the joint drills “Defenders of Friendship 3" of Egyptian and Russian paratroopers from October 24 to 26.The two countries’ paratroopers will exchange training experiences on a number of combat activities, including Special Forces' training, counter-terrorism tactics, freeing hostages and storming facilities based on the latest modern training systems.The training comes as part of the cooperation between Russian and Egyptian Armed Forces.Egypt's joint military exercises for 2016-2017 included 30 trainings with 20 Arab and African countries. The Egyptian Army participated in joint military drills and exercises with some of the top armies in the world.In September 2017, The Egypt-U.S. military maneuvers known as the “Bright Star 2017” was launched, and took place at the combat training complex at the Mohamed Najib Military Base in the northern military zone.At the same time, the Egyptian paratroopers arrived in Russia to participate in the first joint exercises, "Defenders of Friendship 2017", hosted by the Russian Federation during the period from September 9 to 22, 2017. The "Defenders of Friendship" training was carried out for the first time in Egypt in 2016.These military trainings come in light of the joint training plan of the Egyptian Armed Forces, which aims to exchange training experiences and establish military cooperation with friendly countries.Egypt’s Special Forces headed to Bahrain in April to participate in the Khaled Bin Al-Waleed 2018 joint military drill with Bahraini forces.“The training comes in light of the military partnership and cooperation and the coordination of efforts between the Armed Forces of the two brotherly countries to reach the highest levels of efficiency and combat readiness,” the Armed Forces statement said.
Source:Egypt Today
October 15, 2018 13:18 UTC
Putin approves comprehensive partnership with Egypt
October 15, 2018. Press PhotoEgypt to host 'Defenders of Friendship 3' military drills with Russia CAIRO - 15 October 2018: Egypt will host the joint drills "Defenders of Friendship 3" of Egyptian and Russian paratroopers from October 24 to 26. Meeting Eurasian Economic Commission's chairman is the first Sisi's activity in Russia CAIRO - 15 October 2018: President Abdel Fatah al-Sisi will meet Monday with Eurasian Economic Commission's Chairman Tigran Sowreni Sargsyan. The Eurasian Customs Union is a customs union which consists of all the Member states of the Eurasian Economic Union including Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. CAIRO - 15 October 2018: Russian President Vladimir Putin issued a decree approving to sign a comprehensive partnership and strategic cooperation agreement with Egypt to include all levels.The decree consists of endorsing proposals on the agreement by the Russian Ministry of Foreign Affairs and that are set in collaboration with executive authority institutions.
Source:Egypt Today
October 15, 2018 13:16 UTC
'confident' Spain to host England at UEFA Nations League
Soccer Football - UEFA Nations League - League A - Group 4 - England v Spain - Wembley Stadium, London, Britain - September 8, 2018 England's Harry Kane looks dejected after the match Action Images via Reuters/John SibleyCAIRO – 15 October 2018: Spain will host England on Monday night at UEFA Nations League at Estadio Benito Villamarín in Sevilla. However, Spain's captain, Sergio Ramos, believes that Kane is England’s most dangerous player.“Kane is physically a fantastic striker but technically he surprises you. He surprises a lot of people, but not me.” Ramos said on Monday.England's manager, Gareth Southgate, trusts his team’s ability to defeat the Spaniards. He told Marca “We need to put a lot of pressure on their midfield, and we can't come to defend for 90 minutes. By the end of the match at Wembley, we understood better how to play them.”The game will start at 8:45 (C.L.T).
Source:Egypt Today
October 15, 2018 13:07 UTC
Report: Bullying, harassment rife at UK Parliament
Britain’s House of Commons is a sometimes dysfunctional workplace in which bullying and sexual harassment have long been “tolerated and concealed,” an independent inquiry reported Monday. In a highly critical report , former High Court judge Laura Cox said a culture of “deference, subservience, acquiescence and silence” has helped inappropriate behavior thrive within the seat of British democracy. Parliament commissioned the inquiry in March after allegations of inappropriate behavior were made against several lawmakers and Commons staff members. Cox received information from more than 200 people, most of them current House of Commons employees. She said “the overwhelming majority of contributions … reveal widespread, enduring and profound disaffection with a culture that is as embedded as it is shocking.”Cox said Commons staff spoke of being subjected to bullying, sexual or racial harassment and “inappropriate touching” including kissing and bottom-patting by some members of Parliament.
Source:Egypt Independent
October 15, 2018 13:07 UTC
FECC head urges more Tatarstan investments in Egypt
FILE - Head of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab MameshCAIRO - 15 October 2018: Chairman of the Federation of Egyptian Chambers of Commerce (FECC) Ahmed el Wakil urged Tatarstan's businessmen to pump more investments into Egypt, especially the Suez Canal zone and infrastructure projects.During the Egypt-Tatarstan business forum, he said Tatarstan's giant company Kamaz will invest in the Russian industrial zone in the Suez Canal.He added that Tatarstan companies have a great chance to do business in the various Egyptian industrial sectors, including the petrochemical, agricultural, engineering and automotive domains.He added that Egypt is open for serious investors worldwide, underlining that Egypt seeks to lure investments.He noted that Egypt launched a package of economic incentives in order to encourage investments and activate the private sector's role.Wakil added that Egypt is considered the biggest market in Africa and the Arab world with about 100 million consumers.He accentuated the importance of benefiting from free trade agreements signed with different countries.
Source:Egypt Today
October 15, 2018 12:56 UTC