Egypt offers condolences to Ethiopia for victims of devastating landslides
CAIRO - 26 July 2024: Egypt voiced its sincere condolences to the Ethiopian people for the victims of the landslides in the south of the country, said Egypt's Ministry of Foreign Affairs Ahmed Abu ZeidMore than 250 people were killed in landslides in southern Ethiopia- Gofa Zone- on Sunday and Monday. However, the United Nations warned that the death toll could reach 500 people. Egypt also expressed its sincere wishes for a speedy recovery for the injured.
Source:Egypt Today
July 26, 2024 14:53 UTC
EMA warns of disruption of maritime navigation due rise of sea waves
CAIRO - 26 July 2024: The Egyptian General Authority of Meteorology (EMA) warned of disruption of maritime navigation in the Mediterranean Sea and waves rising from two to three meters. EMA called on vacationers and beach goers to be vigilant and follow the beach instructions, the authority said in a statement on Friday. Egypt witnessed on Friday a slight decrease in temperatures, ranging from 2 to 3 degrees in the north of the country and Upper Egypt. Satellite images indicated rainfall accompanied by thunderstorms and active winds is likely to occur Abu Simbel , Aswan, and Halaib and Shalateen. Dr. Mahmoud Shaheen, Director General of the Department of Meteorology and Early Warning of Weather Hazards, revealed that Egypt witnessed a hot weather on Friday.
Source:Egypt Today
July 26, 2024 13:09 UTC
Finance Mini.: Global challenges still put severe pressure on emerging economies
CAIRO - 25 July 2024: Egyptian Minister of Finance Ahmed Kouchouk stressed that despite the indicators that the global economy is witnessing a state of stability, there are still varying levels of recovery and that global economic challenges still represent severe pressures on emerging economies and developing countries. Minister Kojok added that the challenges are due to the high cost of financing and the decline in foreign direct investment flows directed to emerging countries. He also explained that the "protective trade policies" pursued by some advanced economies create additional obstacles to the movement of developing countries' exports. The Minister stressed the importance of directing reforms to support the competitiveness and productivity of the Egyptian economy. He also noted that the new government places at the top of its priorities enhancing the growth of the private sector by increasing the competitiveness and productivity of the Egyptian economy through providing more economic opportunities in a competitive and investment-attractive climate.
Source:Egypt Today
July 26, 2024 09:59 UTC
Egypt's Amb. to Argentina stresses historical ties between two countries
CAIRO - 25 July 2024: The Egyptian Ambassador to Argentina, Dr. Mohamed Kazem, stressed the close historical ties between the two countries, pointing out that the two countries celebrated this year the 77th anniversary of the establishment of diplomatic relations. This came in a speech delivered by the ambassador during the celebration held on the occasion of the 72nd anniversary of the glorious July Revolution, in the presence of the leaders of the Argentine Ministry of Foreign Affairs, in addition to representatives of many ministries, the government of the capital, Buenos Aires, the state representation headquarters, parliamentarians, and leaders of religious and cultural centers. Professors of Egyptology at Argentine universities, as well as leaders of the Egyptian community and heads and members of diplomatic missions. The Ministry of Foreign Affairs, Immigration and Affairs of Egyptians Abroad said on Thursday that the ambassador highlighted the renaissance Egypt is witnessing in various fields, calling on Argentines to flock there for the purpose of tourism as well as to benefit from the investment opportunities available in many sectors, especially in the Suez Canal Economic Zone. For her part, Ambassador Marcia Levache, Undersecretary of the Argentine Ministry of Foreign Affairs for Political Relations and representative of the Argentine government at the ceremony, delivered a speech characterized by warmth and appreciation for the Egyptian government, people and civilization, as she addressed the long history and distinction of bilateral relations between Egypt and Argentina, praising the pivotal role that Egypt plays in its regional environment.
Source:Egypt Today
July 26, 2024 09:48 UTC
99.2% of Gaza's cultural heritage destroyed
The most impacted sector is cultural heritage, with a staggering 99.2% affected, followed by education at 94.5%. The World Bank's detailed statement included a table showing the current impact of damage and destruction by sector in Gaza. The health sector reported a 93.3% impact as of May 20, 2024, with four additional assets damaged or destroyed, bringing the total current impact on the health sector to 93.8%. Media monitoring between May 20 and June 23, 2024, reported at least 597 housing damage incidents, averaging 17 housing destruction incidents daily. The governorates with the most significant increases in damage included Khan Younis (32 assets), North Gaza (22 assets), Rafah (11 assets), and Gaza (11 assets).
Source:Egypt Today
July 25, 2024 19:08 UTC
Egyptian government raises fuel prices
CAIRO - 25 July 2024: The Egyptian government raised Thursday prices of Octane 80 from LE 11 to LE12.25; Octane 92 from LE 12.5 to LE 13.75; Octane 95 from LE 13.5 to LE 15.5; and Diesel from LE 10 to LE 11.5. The government set the Kerosene price at LE 11.5, and that of mazut used for industrial purposes at LE 8.5K per ton while fixing the rate for majut supplied to power plants and food industries
Source:Egypt Today
July 25, 2024 17:28 UTC
CAMEA Bulletin – News from Afghanistan, Middle East & Africa (July 11, 2024)
Deputy Minister of Youth Affairs Commends TIKA at Project Inauguration, Calls for More Initiatives https://www.bakhtarnews.af/en/deputy-minister-of-youth-affairs-commends-tika-at-project-inauguration-calls-for-more-initiatives/4. Afghanistan Participates in 28th China Kunming Fair, Showcases National Products https://www.bakhtarnews.af/en/afghanistan-participates-in-28th-china-kunming-fair-showcases-national-products/6. Pakistani media claims over 100 vehicles daily export Afghan fruits and vegetables to Pakistan https://www.khaama.com/pakistani-media-claims-over-100-vehicles-daily-export-afghan-fruits-and-vegetables-to-pakistan/8. Kidnappings for ransom soar in ‘triangle of death’, worsening insecurity in west Africa https://northafricapost.com/78954-kidnappings-for-ransom-soar-in-triangle-of-death-worsening-insecurity-in-west-africa.html21. Mali, Niger, Burkina Faso: How a triumvirate of military leaders are redrawing West Africa’s map https://www.france24.com/en/africa/20240712-mali-niger-burkina-faso-how-a-triumvirate-of-military-leaders-are-redrawing-west-africa-s-map
Source:Daily News Egypt
July 25, 2024 11:19 UTC
The full schedule of the third week of the New Alamein Festival
The full schedule of the third week of the New Alamein Festival. The second edition of the New Alamein Festival continues with additional concerts, shows, sports, and entertainment events catering to diverse tastes. In accordance with the state's plan to reduce electricity load consumption, New Alamein Festival will hold 50 percent of its activities during the day. Given the current circumstances, the Alamein Festival has decided to launch its second edition under the slogan 'Alamein, the World,' raising the beloved Palestinian flag to flutter freely, with pride and dignity, alongside the Egyptian flag. The festival has also decided to allocate 60% of the profits from the second edition of Alamein festival to support our people in Palestine.
Source:Egypt Today
July 24, 2024 21:01 UTC
Weekly briefing: Mabdouly talks refugees, external debt, rumors
CAIRO - 24 July 2024: Egyptian Prime Minister Mostafa Madbouly held the weekly press conference at the cabinet’s headquarters in New Alamein city, where he responded to different questions concerning various topics. In his remarks, Dr. Mostafa Madbouly said that there is an expected launch of social housing units. External debtSpeaking about the state’s external debt, Madbouly pointed out that the state is working hard to control external debt, explaining that Egypt's external debt has decreased significantly, as announced by the Central Bank, pointing out that the government has developed a plan to pay the dues of foreign partners. He also explained that the gradual increase in the prices of petroleum products will take a year and a half. The Prime Minister said that some electrical wires melted in some transformers due to the extreme rise in temperatures.
Source:Egypt Today
July 24, 2024 20:05 UTC
High-Level energy sector meeting led by President El-Sisi
CAIRO - 24 July 2024: President Abdel Fattah El-Sisi convened a high-profile gathering alongside Prime Minister Moustafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Essmat, and Minister of Petroleum and Mineral Resources Karim Badawi. The purpose was to review the government's progress on key energy sector matters. During the meeting, the Prime Minister and the Ministers of Electricity and Petroleum outlined their joint efforts to address the pressing requirements of the electricity sector, particularly regarding petroleum-based resources. The meeting also encompassed the government's strategies to amplify investments in the energy domain, accelerate oil and gas extraction, and optimize technological applications to diminish import expenses. President El-Sisi underscored the imperative of ramping up initiatives to implement renewable energy ventures, such as solar and wind power, to augment the capacities of the power grid.
Source:Egypt Today
July 24, 2024 16:32 UTC
Flick to bring more direct style to Barcelona
(Reuters) - New Barcelona coach Hansi Flick said he respects the club's traditional passing style but he also wants to inject a more direct approach focused on scoring. “Here the tradition is to play with passing, but I also want them to go straight to the goal," Flick told Barca ONE in an interview released on Monday. I don’t think my style has any major changes. "I’m looking for the same thing, to press high up, and to play in the opponent’s midfield. Barcelona face Manchester City in Florida on July 30 before starting their league campaign at Valencia on Aug. 17.
Source:Egypt Today
July 24, 2024 13:12 UTC
FRA sets conditions for brokerage firms to trade carbon emission reduction certificates
1732 of 2024, outlining the conditions for securities brokerage firms to obtain FRA approval to trade carbon emission reduction certificates. This initiative is part of the FRA’s ongoing efforts to accelerate the activation of the African voluntary carbon market. The FRA has completed all necessary legislative and regulatory frameworks to launch this market, which will register voluntary reduction projects and trade carbon emission reduction certificates. They must also implement electronic systems that facilitate the trading and settlement of carbon emission reduction certificates. Firms that meet all conditions can apply for FRA approval to trade carbon certificates, submitting documentation proving they fulfil all requirements.
Source:Daily News Egypt
July 24, 2024 09:47 UTC
Egypt targets $5bn in Indian investments by 2027 through strategic initiatives
Hassan El-Khatib, Minister of Investment and Foreign Trade, emphasised the government’s commitment to fostering a supportive environment for export-oriented investments. Council members discussed the increased trade between Egypt and India, facilitated by official delegation exchanges. They noted the expansion of several Indian companies in Egypt, particularly in critical sectors such as the chemical industry and plastic waste recycling. The council supports an investment initiative aiming to increase Indian investments in Egypt to $5bn by 2027. Council members also highlighted various important industrial sectors in Egypt, including chemicals, fertilizers, pharmaceuticals, leather, glass, automotive, and agro-based industries.
Source:Daily News Egypt
July 24, 2024 06:34 UTC
India targets 45% cut in emissions by 2030
India has pledged to significantly reduce emissions from its automotive industry, with a target of cutting total emissions intensity by 45% by 2030. The country also aims to fully transition to green technologies by 2070, according to the Emirates News Agency (WAM), a partner of TV BRICS. To achieve these ambitious goals, the Indian government has unveiled an e-mobility Research and Development Roadmap focusing on four key areas: battery improvement, electric vehicle development, materials manufacturing and recycling, and charging infrastructure enhancement. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, said the roadmap is essential for fostering a culture of research and development and innovation in the automotive sector.
Source:Daily News Egypt
July 23, 2024 15:27 UTC
Egypt achieves historic reduction in external debt amid record foreign reserves
A senior source at the Central Bank of Egypt (CBE) revealed a significant reduction in Egypt’s external debt. This decrease of $14.17bn, approximately 8.43%, represents the largest reduction in Egypt’s external debt in its history. The source also highlighted that alongside this substantial reduction in external debt, Egypt’s net foreign reserves reached an all-time high of $46.38bn in June 2024. The strong influx of foreign currency has helped eliminate the foreign asset deficit of the CBE. This stabilization of local prices has reduced pressure on Egyptian households and enhanced confidence in the local currency and business environment.
Source:Daily News Egypt
July 23, 2024 01:43 UTC