Egyptian President Sisi bids farewell to UAE President in New Alamain
President Abdel Fattah El-Sisi received President of the United Arab Emirates and Ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan on Thursday- press photoCAIRO – 1 August 2024: In New Alamein City, President Abdel Fattah El-Sisi received President of the United Arab Emirates and Ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan, who made a private visit to Egypt. The two leaders met in a fraternal atmosphere, underscoring the robust and profound historical relations between the two countries and their peoples, said the Egyptian Presidency in a statement on Thursday. President El-Sidi accompanied His Highness Sheikh Mohamed bin Zayed on a tour to New Alamein City, where they visited its prominent landmarks and inspected the construction and development achieved in the city. President El-Sisi then bid farewell to Egypt’s esteemed guest at Al Alamein Airport, emphasizing the brotherly and historical relations and bonds the two countries’ leaderships and peoples share.
Source:Egypt Today
August 01, 2024 19:49 UTC
Catalyst Partners files to launch Egypt’s 1st SPAC
Catalyst Partners has submitted paperwork to establish Egypt’s first Special Purpose Acquisition Company (SPAC), the firm announced on Tuesday. The company, named Catalyst Partners Middle East, will operate as a venture capital firm focusing on acquiring businesses in the non-banking financial services and fintech sectors. “Catalyst Partners Middle East aims to capitalize on the investment opportunities in the Egyptian market, particularly in the non-banking financial sector.”Catalyst Partners Middle East aims to provide a new financing channel for non-banking financial institutions (NBFIs) and fintech platforms through the EGX. Shawky expressed his deep appreciation and gratitude to the FRA leadership for their continuous efforts in developing and promoting the non-banking financial sector. The company’s managing director, Tarek Effat, said Catalyst Partners Middle East will disclose its plans for private placement after completing the establishment process and temporary listing on the EGX.
Source:Daily News Egypt
August 01, 2024 17:54 UTC
Israel has killed 39.4K Palestinians since last October: Health Ministry in Gaza
The massacres in al-Mawasi region, the area designated as a humanitarian zone in Western Khan younis- photo from Palestinian journalists in GazaCAIRO – 1 August 2024: The Israeli occupation forces have carried out two massacres against families in the Gaza Strip in the past 24 hours, killing 35 martyrs and injuring 55 other individuals, who have been admitted to hospitals. Meanwhile, several victims remain trapped under rubble and on the roads, with ambulance and civil defense teams unable to reach them due to the ongoing aggression. Since October 7, the death toll from the Israeli aggression has risen to 39,480 martyrs and 91,128 injured. Families of martyrs and missing persons are urged to complete their data registration using the attached link. This will ensure accurate records are maintained by the Ministry of Health, according to a statement from the Ministry branch in Gaza.
Source:Egypt Today
August 01, 2024 15:21 UTC
Egypt establishes fund for human trafficking victims
The fund, affiliated with the Prime Minister, will coordinate with the National Coordinating Committee for Combating and Preventing Illegal Migration and Human Trafficking, as well as relevant ministries and entities. 64 of 2010, which addresses human trafficking. The fund will also support activities specified in the national strategy to combat human trafficking and finance psychological, health, and social support programmes for victims. The draft decision outlines the organisational structure of the Human Trafficking Victims Assistance Fund, including the formation and responsibilities of the fund’s board of directors, the duties of the chairman, and the determination of the fund’s resources. This move is part of Egypt’s ongoing efforts to address and combat human trafficking, ensuring comprehensive support for victims.
Source:Daily News Egypt
August 01, 2024 12:30 UTC
Kouchouk says Egypt prioritises private sector role in economy
Egypt’s Minister of Finance Ahmed Kouchouk, emphasised that increasing the role and contribution of both domestic and foreign private sectors in the Egyptian economy is a top priority for the new government. Egypt’s Finance Minister Ahmed Kouchouk has pledged to increase the role of both domestic and foreign private sectors in the country’s economy. In his first meeting with international investors in London, Kouchouk outlined a strategy to create a more attractive investment climate and address economic challenges. The minister emphasised that rationalising public spending will free up resources for private investment, stimulating comprehensive and sustainable development. “The coming period will see enhanced engagement with foreign investors to attract more investments.”
Source:Daily News Egypt
August 01, 2024 01:43 UTC
After drone attack: Sudanese army chief refuses negotiations with RSF
CAIRO – 31 July 2024: Chairman of the Sudanese Sovereign Council Abdel Fatah Al-Burhan stated Wednesday that there would not be any negotiations with the Rapid Support Forces (RSF), following two drone attacks on a military commencement he was attending and that claimed the lives of five and injured others. The two warring parties had agreed to hold talks in Geneva upon an invitation by the United States, and that would be attended by Egypt, Saudi Arabia, and the United Arab Emirates in a bid to end the armed conflict that broke out on April 15, 2023. Since the outbreak of the war, the WHO has verified 88 attacks on the healthcare system, including attacks on health facilities, ambulances, transport, assets, patients, and health workers. These attacks have resulted in 55 deaths and 104 injuries.
Source:Egypt Today
July 31, 2024 15:16 UTC
Hamas political leader Ismail Haniyeh assassinated in Tehran
Ismail Haniyeh, head of the Hamas Political Bureau, was assassinated in Tehran early Wednesday. Hamas condemned the Israeli strike on Haniyeh’s residence, calling it a “severe escalation” that would fail to achieve its objectives. Haniyeh was killed in what Hamas described as a “treacherous Zionist strike” after attending the inauguration of Iran’s new president, Masoud Pezeshkian. Iran’s Supreme Leader Ayatollah Ali Khamenei also issued a statement promising “harsh punishment” for Israel in response to Haniyeh’s assassination. Iran’s Response: Given the strategic alliance between Iran and Hamas, Iran is likely to feel compelled to respond.
Source:Daily News Egypt
July 31, 2024 15:16 UTC
Egypt imposes strict penalties for spreading false news
The Egyptian Penal Code outlines several articles addressing the dissemination of false information. Article 102 imposes penalties for those who intentionally spread false news or rumors that could disturb public security or cause panic. He highlighted the legal penalties, including up to five years imprisonment and a fine of up to 20,000 Egyptian pounds, for those who spread false information online. He categorized false news into several types, including fabricated content, forged content, misleading content, and satirical content that can be misleading. Social media platforms have significantly contributed to the spread of false information, as users often share content without verifying its accuracy.
Source:Egypt Today
July 31, 2024 14:43 UTC
IMF provides Egypt with additional $820M as part of 3rd tranche
CAIRO – 30 July 2024: The International Monetary Fund's Executive Board has greenlit Egypt's economic reform program's third review, totaling $820 million. This approval signals the imminent disbursement of the third tranche, part of an $8 billion agreement sanctioned in March. Additionally, Egypt can seek an extra $1.2 billion in financing from the Resilience and Sustainability Trust Fund following the Board's nod. Despite persistent inflation at high levels, the Fund noted a gradual decline, attributing Egypt's commitment to a flexible exchange rate system as pivotal to their program. Concurrently, Egypt's external debt plummeted to $153.86 billion by May 2024, down from $168.03 billion in December 2023, showcasing a remarkable $14.17 billion reduction—the largest ever recorded in the history of Egypt's external debt, as reported by a Central Bank of Egypt official in July.
Source:Egypt Today
July 30, 2024 15:45 UTC
15 Million in Sudan desperately need health aid, WHO reports
Despite the extremely challenging conditions, healthcare workers in Sudan continue to provide lifesaving care, driven by their deep commitment to serving millions in need. Approximately 15 million people are in urgent need of healthcare to survive, and attacks on healthcare facilities deny these individuals lifesaving care, including over 10.6 million internally displaced persons. The WHO emphasizes that international humanitarian law mandates the protection of healthcare, health assets, healthcare workers, and patients, even in times of war. Therefore, the organization calls for the protection of all healthcare workers, patients, and health facilities at all times. Ultimately, peace remains a fundamental prerequisite for ensuring the health of the Sudanese people and rebuilding the country's health system.
Source:Egypt Today
July 30, 2024 10:19 UTC
Egypt aims to eradicate Hepatitis C globally by 2030
CAIRO - 30 July 2024: Egypt's Deputy Prime Minister for Human Development and Minister of Health and Population, Khaled Abdel Ghaffar, has set an ambitious goal of eliminating hepatitis C worldwide by 2030. Highlighting Egypt's successful experience in combating hepatitis C, Ghaffar underscored the country's remarkable progress in reducing the prevalence of the virus from 10% to 0.38% within a decade. This plan aims to maintain the gains made and set a roadmap to achieve the global targets for hepatitis C elimination. The Minister highlighted the comprehensive evaluation of Egypt's hepatitis C program, encompassing patient care pathways, blood and injection safety, harm reduction initiatives, and mortality monitoring. Tedros Adhanom Ghebreyesus, the Director-General of the WHO, commended Egypt's historic achievement in eliminating hepatitis C, setting a global precedent.
Source:Egypt Today
July 30, 2024 10:06 UTC
FM Abdel Ati ensures Egypt's full solidarity with Lebanon
CAIRO - 30 July 2024: Egyptian Minister of Foreign Affairs, Immigration and Egyptian Expatriates Affair Badr Abdel Aati held two phone calls on Monday with Lebanese Prime Minister Najib Mikati and Lebanese Foreign Minister Abdullah Bou Habib. Ambassador Ahmed Abu Zeid, the official spokesman for the Ministry of Foreign Affairs and Immigration and Director of the Public Diplomacy Department, stated that Minister Abdel Aati expressed during the two calls Egypt's full solidarity with the sisterly state of Lebanon, its rejection of any threats aimed at destabilizing Lebanon or the safety of its people. Minister Abdel Aati also expressed Egypt's deep concern over the ongoing escalation between Hezbollah and Israel, and its potential impact on Lebanon's security and stability. The official spokesman added that the Lebanese officials expressed during the two calls their deep appreciation for the support and solidarity of sisterly Egypt, its leadership and people, with Lebanon in these critical circumstances, and their confidence that Egyptian moves aim to protect the interests of the Lebanese people and the stability of their country. It was agreed that they will continue consultations during the next stage with the aim of coordinating efforts to contain tension and escalation.
Source:Egypt Today
July 30, 2024 02:58 UTC
Egypt unveils digital platform to boost industrial investment
Egypt is establishing a digital platform to streamline investment and accelerate industrial development, Deputy Prime Minister and Minister of Industry and Transport Kamel Al-Wazir announced Monday. The platform is part of a wider plan to revitalise the industrial sector, Al-Wazir said during the second meeting of the Ministerial Group for Industrial Development. This initiative is expected to enhance industry quality and increase exports to generate foreign currency. He announced the establishment of the Egypt Digital Industrial Platform and the preparation of an industrial map to facilitate investment, reduce procedures, and expedite processes, thus enhancing the investment climate and advancing the industrial sector. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, emphasised that industrial development is a top state priority for achieving economic growth and increasing net exports.
Source:Daily News Egypt
July 29, 2024 19:26 UTC
Egypt declares full solidarity with Lebanon amid fears of Hezbollah-Israel military escalation
Abdel-Aty’s statement was given during phone calls Lebanese Prime Minister Najib Mikati, and Lebanese Foreign Minister Abdullah Bou Habib, stated Egyptian Foreign Ministry’s Spokesman Ahmed Abu Zeid. During these calls, Abdel-Aty expressed Egypt's rejection of any threats aimed at destabilizing Lebanon or compromising its people's safety. Minister Abdel-Aty also voiced deep concern over the ongoing escalation between Hezbollah and Israel and its potential impact on Lebanon's security and stability. Furthermore, the Lebanese Ministry of Foreign Affairs warned that any significant Israeli attack against Lebanon can lead to a regional war, reported Al Qahera News. Both Hezbollah fighters in Southern Lebanon and Israeli forces on alert for escalating the military clashes along the borders.
Source:Egypt Today
July 29, 2024 18:29 UTC
Defense min. meets personnel of 3rd Field Army, East Canal Anti-Terrorism Command
CAIRO – 29 July 2024: General Commander of the Egyptian Armed Forces and Minister of Defense and Military Production Abdel Meguid Saqr on Monday met with personnel of Third Field Army and East Canal Anti-Terrorism Command. The meeting, which was attended by Chief-of-Staff of Lt. Gen. Ahmed Khalifa and a galaxy of military top-brass, falls within the framework of regular meetings organized by the Armed Forces to ensure readiness of its personnel. Commander of the Third Field Army Hesham Shendi delivered a speech during which he affirmed keenness on upgrading the skills of the personnel to be always on highest alert and capable of carrying out their combat missions. Minister Saqr conveyed President Abdel Fattah El Sisi’s best regards to all the military personnel.
Source:Egypt Today
July 29, 2024 18:03 UTC