Egypt refutes claims of passenger plane crash
CAIRO - 22 July 2024: Egypt’s Ministry of Civil Aviation denied reports circulating on social media about a crash of an Egyptian plane and death of all passengersThe Ministry affirmed that all such claims are groundless. It also called upon all media outlets and social media users to be vigilant and make sure of any piece of news before publishing it in order not to cause chaos and concerns among the citizens. that it was not real but an emergency test was conducted by competent authorities in Sudan, clarifying that it took place there, not in Morocco or Algeria. Regarding the circulation of news about the alleged downing of an Egyptian plane, sources said it could be due to leaked information from the distress signals sent during these tests. These signals are intentionally transmitted as if they were real emergencies to evaluate response times.
Source:Egypt Today
July 22, 2024 21:17 UTC
Who could replace Biden as Democratic presidential candidate?
The Democratic Party is in search of a new presidential candidate following US President Joe Biden’s Saturday announcement that he will not seek re-election. Biden has endorsed Vice President Kamala Harris, while former President Barack Obama has urged the party to establish a process to identify an “outstanding nominee.”Kamala HarrisVice President Kamala Harris has received Biden’s endorsement. Gretchen WhitmerGretchen Whitmer has rapidly ascended within the Democratic Party, from law school graduate to Michigan’s governor. Joe ManchinJoe Manchin, the centre-right senator from West Virginia, has long considered a run for the Democratic nomination. Serving in the Senate since 2010 and chairing the Senate Energy and Natural Resources Committee, Manchin has been a vocal critic of the Democratic Party.
Source:Daily News Egypt
July 22, 2024 19:57 UTC
5 Interesting Facts about Leos
Then check out this article as we unravel some interesting facts about Leos! Born to leadOne of the most prominent traits about Leos is that they are natural leaders. However, some Leos tend to be too confident that it may seem as arrogance for some individuals so it's important to balance confidence with humility. GenerousNot only do they love spoiling themselves, but people born under this sign love spoiling their loved ones with presents and cute gestures all the time. LoyalLike the lion, Leos are super loyal and extremely devoted to their loved ones.
Source:Egypt Today
July 22, 2024 19:46 UTC
Investment Ministry focuses on enhancing export, import services
Minister of Investment and Foreign Trade, Hassan Khatib, recently visited the General Organization for Export and Import Control (GOEIC) headquarters. During an extensive meeting with board members and leaders, Khatib emphasised the organization’s crucial role in foreign trade. This effort contributes to smoother foreign trade between Egypt and global markets. During his visit, Khatib inspected the Energy Efficiency Testing Laboratory for electric motors and the Pressure and Water Conservation Laboratory. The optical and photometric testing laboratory stands as one of the latest additions to the Central Administration for Quality Testing Laboratories for industrial goods.
Source:Daily News Egypt
July 22, 2024 04:13 UTC
Deputy Prime Minister announces cooperation with UMS in human development file
CAIRO – 21 July 2024: Dr. Khaled Abdel Ghaffar, Deputy Prime Minister for Human Development, announced cooperation with the United Media Services (UMS) Company in the “human development“ file, as per the instructions given by President Abdel Fattah El Sisi to the government. The Deputy Prime Minister announced the cooperation with UMS in a press conference held with the UMS CEO Amr El Fekki at the New Al Alamein Festival on SundayAbdel Ghaffar, who also serves at the Minister of Health, thanked the UMS for organizing the New Al Alamein Festival. He thanked the Deputy Prime Minister for Human Development and Minister of Health Abdel Ghaffar for providing comprehensive and effective medical services for the festival participants. The second edition of the New Alamein Festival kicked off on July 11 and would last August 30. 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 22, 2024 01:24 UTC
Egypt’s Abdelatty, AU’s Bankole discuss peace, security in Africa
Egyptian Foreign Minister Badr Abdelatty met with Bankole Adeoye, the African Union’s (AU) commissioner for political affairs, peace and security, on the sidelines of the AU’s 6th Coordination Summit in Accra, Ghana. Abdelatty reaffirmed Egypt’s commitment to supporting the AU’s peace and security efforts and its engagement with the AU Peace and Security Council. “The increasing security challenges facing the continent and the expansion of conflicts necessitate intensified consultation and coordination between the AU bodies and member states,” Abdelatty said. Egypt will hold the presidency of the AU Peace and Security Council in October 2024 and plans to organize several events during its term, Abdelatty said. Minister Abdelatty also welcomed Egypt’s approval of the Peace and Security Council’s request to extend the timeframe for the third phase of the AMISOM mission.
Source:Daily News Egypt
July 21, 2024 21:02 UTC
Takka celebrates first anniversary with more than 1 million downloads
Takka, the innovative Sharia-compliant consumer financing solution by ADI-Consumer Finance, the consumer finance arm of Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt), is celebrating its first anniversary, marking over one million app downloads in a year of remarkable success in transforming the Egyptian consumer lending landscape. Since Takka’s launch in June 2023, 250,000 users applied for consumer financing via the app. Takka is Egypt’s first Sharia-compliant consumer financing app linked to a prepaid card. “ADI-Consumer Finance has achieved a tangible market breakthrough, playing a definitive role in advancing ADIB-Egypt’s overarching goal of expanding financial freedom,” stated Amr Sanad, Chairman of ADI-Consumer Finance. Established in October 2021, ADI-Consumer Finance continues to be at the vanguard of digitizing Sharia-compliant consumer finance.
Source:Daily News Egypt
July 21, 2024 20:15 UTC
Fire at Cairo’s Jewish Quarter kills 5 people, injures 8 more
A massive fire broke out across several shops at Cairo’s Jewish Quarter in the al-Moski neighborhood on Friday evening, killing five people and injuring eight others. Investigations into the incident revealed that the fire had spread to neighboring properties, and civil protection forces were able to control it. Cairo Fire Operations received a report that a fire had broke out inside a commercial building in the Jewish Quarter in Moski. A security cordon was imposed to contain the fire which was eventually brought under control. Civil protection personnel worked strenuously to contain the widespread fires across the commercial areas, and cooling operations were underway as the total losses were counted.
Source:Egypt Independent
July 21, 2024 15:40 UTC
Goldman Sachs forecasts interest rate reductions, inflation decline, stable exchange rate for Egypt
CAIRO – 21 July 2024: The Central Bank of Egypt (CBE) is expected to implement a series of interest rate reductions in the coming months, according to a report by Goldman Sachs. Goldman Sachs predicts that these rate cuts will result in a cumulative reduction of approximately 11.25 percent by the end of 2025, bringing the interest rate to 13 percent. In light of these projections, the report suggests that interest rates within Egypt's IMF program may also decrease due to inflation trends. This indicates a potential opportunity for interest rate reduction. The overnight deposit rate, overnight lending rate, and the rate of the main operation remained unchanged at 27.25 percent, 28.25 percent, and 27.75 percent respectively.
Source:Egypt Today
July 21, 2024 14:33 UTC
Egyptians bid farewell to daily power cuts until mid-September
CAIRO – 21 July 2024: Starting from Sunday, the Egyptian government will suspend its load-shedding program for the summer until mid-September, as announced by Prime Minister Mostafa Madbouly last week. In June, the government extended power cuts to around three hours per day nationwide in response to increased consumption levels caused by the scorching heatwave and fuel shortages. The load-shedding program was initiated last summer, resulting in daily power cuts across most of the country, except for major tourist destinations in the North Coast, Alamein, Sharm El-Sheikh, and Hurghada. During a press conference on Wednesday, the prime minister stated that power cuts would be limited to possible disruptions in certain areas due to technical issues exacerbated by the sizzling heat. The prime minister further noted that the country's expected energy gap for the following summer amounts to about 4 GW.
Source:Egypt Today
July 21, 2024 14:25 UTC
Israel’s invitation to this year’s atomic bomb commemorations in Japan has sparked a controversy over double standards
However, Russia and Belarus are exceptions due to the invasion of Ukraine,” a Hiroshima city government spokesperson told CNN. Envoys from Russia and Belarus haven’t attended since Hiroshima excluded them in 2022 following Moscow’s invasion of Ukraine in February that year. Russia used Belarus as one of the launch pads for its assault and later moved some of its tactical nuclear weapons there. “As a city of international peace, Hiroshima city needs to invite all nations, regardless of whether they are at war or not,” said Kunihiko Sakuma, president of Hiroshima Hidankyo, an atomic bomb survivors’ advocacy group. Hiroshima authorities said they only send invitations to countries with embassies in Japan and have never invited Palestinian representatives to the ceremony.
Source:Egypt Independent
July 21, 2024 00:53 UTC
Tensions rise as Israeli jets bomb Yemen’s Hodeida after Tel Aviv attack
Israeli warplanes struck the Houthi-controlled Yemeni port of Hodeida on Saturday, a day after a drone attack by the Houthi rebels hit Tel Aviv, according to statements from both sides. “The blood of Israeli citizens has a price,” Israeli Defence Minister Yoav Gallant said following the Hodeida strikes, indicating that more operations against the Iran-backed Houthis would follow “if they dare to attack us”. The Israeli military confirmed that its warplanes targeted “military targets of the Houthi terrorist regime” in Hodeida in response to the drone attack. Egypt has expressed deep concern regarding Israeli military operations in Yemen, warning that these actions are intensifying tensions across multiple fronts, in a statement issued Saturday by the Egyptian Ministry of Foreign Affairs. He added that the Israeli strikes “would likely be perceived by many Yemenis as an attack on their homeland, which could bolster Houthi recruitment and funding.”
Source:Daily News Egypt
July 20, 2024 19:01 UTC
New floating crane joins Egypt's Suez Canal maritime fleet
CAIRO – July 20, 2024: A new floating crane has joined the Egyptian Suez Canal maritime fleet on Saturday. The Alexandria-based Kased Khair for General Supplies and Contracting Company locally manufactured the floating crane (CC) at the South Korean Shipyard GUESUNG TECH, said the Suez Canal Authority (SCA). Suez Canal Authority Chief Admiral Osama Rabie said that the authority adopts an ambitious strategy to modernize and develop its naval fleet through various steps. The SCA already has two crane vessels “Rescue 1” and “Rescue 2,” with lifting capacity of 500 tons each. Every crane is 60.9 meters in height and 26.6 meters in width.
Source:Egypt Today
July 20, 2024 18:12 UTC
Kenyan president nominates 11 cabinet secretaries
Kenyan President William Ruto on Friday nominated the first batch of 11 cabinet secretaries, marking the start of forming a “broad-based” government. The president reappointed four cabinet secretaries to their previous ministries of Interior and National Administration; the Defense; Lands, Public Works, Housing and Urban Development; and Environment, Climate Change, and Forestry. “I have started the process of forming a new, broad-based cabinet to assist me in driving the urgently needed and irreversible transformation of our country,” Ruto told a news conference in Nairobi, the capital of Kenya. Ruto said he is continuing consultations across the political divide on the balance of the Cabinet he will soon appoint. Neither can we turn away from recognizing that the opportunity before us is greater than the crisis,” Ruto said.
Source:Daily News Egypt
July 20, 2024 17:16 UTC
Egyptian Businessmen Association organizes visit to Turkey
CAIRO - 19 July 2024: The Egyptian Businessmen Association is organizing a visit by a delegation of members to Turkey, to participate in the meetings of the 17th session of the Egyptian-Turkish Business Council, during next September, in coordination with the Ministry of Investment and Foreign Trade, as well as with the Suez Canal Economic Zone, to present the investment opportunities available to Turkish investors during the visit. This came after the virtual meeting of the Egyptian-Turkish Business Council, headed by Adel Lamai, head of the Egyptian side, and Mustafa Denizer, head of the Turkish side, to arrange for holding the 17th session of the council. Adel Al-Lami, head of the Egyptian side at the Egyptian-Turkish Business Council, said that a high-level visit to Turkey is expected during the coming period, stressing the importance of exploiting the current momentum in Egyptian-Turkish relations, mutual visits between the two sides, and the growing demand from the Turkish side for investment in Egypt. Al-Lamai said: The new government reshuffle included a distinguished elite of ministers, especially in the economic group. Denizer pointed out that the Business Council received many requests from Turkish companies to discuss investment opportunities in Egypt in various economic sectors.
Source:Egypt Today
July 20, 2024 05:26 UTC