Egypt Leading Gaza Humanitarian Efforts:The statement underlined Egypt’s unwavering commitment to providing humanitarian assistance to Gaza. Egypt’s Leadership in Humanitarian Response:The Presidency underscored Egypt’s leadership role in mobilizing and delivering aid, driven by a deep sense of humanitarian responsibility towards the Palestinian people. Ensuring 80% of aid reaching the Gaza Strip originates from Egypt, both through government and civil society initiatives. Call for Gaza Ceasefire, Two-State Solution:The statement reiterated Egypt’s unwavering commitment to achieving a swift ceasefire in Gaza to protect civilians facing immense hardships. It emphasized continued leadership in organizing and mobilizing humanitarian aid, urging all parties to collaborate and facilitate its delivery.
Source:Daily News Egypt
February 09, 2024 15:20 UTC
Biden specifically gave the green light for the first set of strikes in Iraq and Syria that was executed Friday in a Situation Room meeting with his top national security advisers on Monday. The US said the attack lasted 30 minutes, hitting 85 targets across seven locations in Iraq and Syria. More than 125 precision-guided munitions were fired, the White House said, adding that the strikes were “successful.”The US strikes killed at least 16 people in Iraq, including civilians, and injured 25 others, the Iraqi government said Friday. In 2016, the Iraqi parliament passed a bill recognizing the PMU as a government entity operating alongside the Iraqi military. The mayor of Al-Qaim, Turki Al-Mahalawi, said the strikes hit three houses used as weapon warehouses by the Iran-backed PMU.
Source:Egypt Independent
February 09, 2024 11:19 UTC
Vote counting in Pakistan’s general election has been hit by unexpected delays after millions cast their ballot in an election in which old dynasties vied for power while the country’s widely popular former leader languishes behind bars. The chaos comes after Pakistani authorities suspended mobile internet services for more than 12 hours on the directives of the Interior Ministry. Voters cast their ballots at a polling station during the general election on February 8 in Bhasin. Military personnel and civil armed forces were deployed at “approximately 6,000 selected most sensitive polling stations,” according to the Pakistan Armed Forces. Pakistan’s Interior Ministry said Thursday it had decided to temporarily suspend mobile internet services nationwide as the elections were ongoing.
Source:Egypt Independent
February 09, 2024 11:19 UTC
CNN — Anti-war candidate Boris Nadezhdin has been barred from standing in Russia’s presidential election next month, in a move that further clears the country’s political landscape of opponents to Vladimir Putin. The decision was made during a ruling on Thursday by the Central Election Committee (CEC) of Russia, the body tasked with registering and verifying potential candidates. According to the CEC, Nadezhdin only collected 95,587 legitimate signatures, 5,000 short of 100,000 benchmark. Boris Nadezhdin/TelegramThe Kremlin leader is running for a fifth term as Russia’s president in next month’s election. In his 24 years as the dominant figure in Russian politics, Putin has marginalized his political opponents and muzzled the country’s press.
Source:Egypt Independent
February 08, 2024 19:41 UTC
The American Investment Bank, Goldman Sachs, stated in a new research memo, that it is currently not appropriate to implement any further devaluation of the Egyptian Pound against the US Dollar, especially given the insufficient foreign liquidity held by Egyptian banks. The bank pointed out the resilience of the Egyptian Pound against the Dollar in the parallel market in recent days, reinforcing market participants' expectations of an imminent official devaluation of the Pound. First, the demand for foreign currencies should be proportionate to the expected incoming flows, regardless of the chosen foreign exchange rate in the medium term. However, the bank still believes that the demand for foreign currencies is high and inconsistent with the official exchange rate, which significantly lags behind the parallel market level. The Egyptian economy is grappling with a decline in foreign exchange reserves, leading to the adverse impact on the revenues of the Suez Canal.
Source:Egypt Today
February 08, 2024 15:08 UTC
Heliopolis Company for Housing and Development (HHD) plans to invest between EGP 3-4bn over the next five years to develop New Heliopolis City. He also said that the company aims to enhance the existing neighbourhoods in the city. He said that the company is pursuing both self-development and partnership with the private sector, which is its new strategic priority. HHD said in a statement to the stock exchange two days ago that it may expand the deal to include another 1070 feddan in the northern part of New Heliopolis City, which would increase the value of the down payment and the guarantee letter accordingly. HHD has also decided to offer residential units in New Heliopolis City and the Sheraton area in New Cairo for sale through public bidding and to start selling 84 residential units.
Source:Daily News Egypt
February 08, 2024 11:20 UTC
CAIRO –7 February 2024: Egypt condemns Pakistan’s two terrorist attacks that occurred shortly before the Pakistani general elections expected on Thursday, February 8, which resulted in the killing and wounding of a number of victims. In a statement issued by the Foreign Ministry on Wednesday it was said that “Egypt, both the government and the people, expressed sincere condolences and heartfelt sympathy to the government and people of Pakistan after this painful incident, extending wishes for the speedy recovery of all the injured”Egypt reiterated in the statement its steadfast rejection of all forms of terrorism, calling on all countries to cut off the funding sources for terrorism and not provide safe havens for terrorist organizations. “Egypt affirms its full solidarity with Pakistan in confronting such events,” the statement added.
Source:Egypt Today
February 08, 2024 03:43 UTC
Media Avenue will organize the eighth edition of the annual Capital Markets Summit on 26 February at the InterContinental Semiramis Cairo Hotel. The summit will focus on the theme of “Structural Reforms for Sustainable Development” and explore the various measures taken by the Egyptian government to enhance the performance of all economic sectors and achieve sustainable growth. The summit will feature multiple sessions covering different topics, such as:· The role of the private sector in implementing the structural reforms and finding sustainable solutions for the current challenges. · The cooperation with the International Monetary Fund to launch a new reform program that includes financial and structural reforms, such as changing the fiscal policies, adopting inflation targeting, and offering state-owned enterprises to the public. The Capital Markets Summit is a leading event that brings together experts, policymakers, investors, and business leaders to discuss the latest developments and trends in the Egyptian economy and the capital markets.
Source:Daily News Egypt
February 07, 2024 22:03 UTC
Egypt’s Deputy Foreign Minister for African Affairs, Hamdy Loza, affirmed on Monday Egypt’s full support for the reconciliation between Libyan factions without any foreign interference. Loza made his remarks while leading the Egyptian delegation at the meeting of the African Union High-Level Committee on Libya in Brazzaville, Congo. The foreign ministry’s statement said that Loza stressed Egypt’s steadfast stance on the Libyan crisis, highlighting Cairo’s keenness to help achieve national reconciliation in Libya. He also reiterated Egypt’s firm position calling for the immediate withdrawal of all foreign forces, mercenaries, and fighters from Libya, in accordance with relevant international resolutions. The meeting concluded with a joint statement supporting the Libyan national reconciliation process.
Source:Daily News Egypt
February 07, 2024 17:49 UTC
This agreement follows GAFI’s successful 2023 mission with HSBC to Singapore and China which underscored how highly investors regard the opportunities that exist for them in Egypt. Heibah stressed that GAFI is keen to cooperate with HSBC to attract investors through its strong international network across the world and connects Asia, Europe and the Middle East. HSBC will introduce and connect more international investors to the growing business opportunities in Egypt through even closer cooperation with the Authority. According to the pact, GAFI will work to provide HSBC Egypt with information regarding investment opportunities in Egypt which include the targeted, priority sectors in line with the government’s plan. This agreement demonstrates HSBC is committed to working with GAFI on this progressive strategy to attract foreign investment and to transform Egypt into a strategic international trade hub.”
Source:Daily News Egypt
February 07, 2024 17:28 UTC
(MENAFN- Daily News Egypt) Egypt's President Abdel Fattah Al-Sisi met with US Secretary of State Antony Blinken and his accompanying delegation on Tuesday, in the presence of Foreign Minister Sameh Shoukry and General Intelligence Chief Abbas Kamel. Al-Sisi stressed the need to take serious steps towards a just and comprehensive settlement of the Palestinian issue, to ensure sustainable stability in the region. Blinken expressed his country's keenness to continue coordination and joint efforts with Egypt to reach calm and prevent the expansion of the conflict, praising Egypt's role in supporting security and stability in the region. The spokesperson for the presidency, Ahmed Fahmy, said that Blinken stressed the continuation of the US in strengthening the strategic partnership with Egypt, in support of efforts to maintain stability, peace and development in the region. Al-Sisi also stressed the need to implement international and UN resolutions on the crisis and take serious steps towards a just and comprehensive settlement of the Palestinian issue, to ensure sustainable stability in the region.
Source:Daily News Egypt
February 07, 2024 16:45 UTC
The Russian Embassy in Egypt and RT Arabic held a gala event on February 6, 2024, at the Cairo Opera House to commemorate the 80th anniversary of Russian-Egyptian diplomatic relations. The event featured the premiere of the documentary film “Departure and Return,” which tells the captivating story of Viktor Yakushev, a Soviet military translator who served in Egypt in the early 1970s. After half a century, he returned to Egypt and revisited familiar places. Maya Manna, Director of RT Arabic, thanked the Egyptian audience for their great interest in the channel and its objective coverage of world events. Following the film’s premiere, which received very positive feedback from the audience, guests had the opportunity to explore an interesting exhibition prepared by the Russian Foreign Ministry, showcasing the different stages of interaction with Egypt.
Source:Daily News Egypt
February 06, 2024 20:04 UTC
Egypt strongly condemned on Tuesday the shooting attack that occurred near a court in Istanbul, which injured several people. Turkish police on Tuesday killed two assailants who attacked police officers guarding the Justice Palace in Istanbul, wounding three of them and three bystanders, Interior Minister Ali Yerli Kaya announced. He added that the attackers opened fire on a police checkpoint at Gate C of the Caglayan court around 0846 GMT. Justice Minister Yilmaz Tung said that the prosecution had launched an investigation into the attack. Caglayan is a large court complex located in the Kagithane district on the European side of Istanbul.
Source:Daily News Egypt
February 06, 2024 19:47 UTC
CAIRO - 6 February 2024: Egypt's automotive industry sales increased by almost 32% during December 2023, according to a recent report published by the Automotive Marketing Information Council (AMIC). AMIC's report revealed that the overall car sales in Egypt experienced a significant decline of approximately 48 percent in 2023. The total number of cars sold during the year amounted to 69,175, a considerable drop from the 133,857 units sold in 2022. The total number of transportation vehicles sold during the month stood at 1,255, compared to 1,027 units sold in December 2022. Bus sales decreased to 788 units in December 2023, marking a 42 percent decrease from the 1,355 units sold in December 2022.
Source:Egypt Today
February 06, 2024 17:01 UTC
Liverpool, beaten by Arsenal on Sunday, lead the table on 51 points from 23 games but City are up to 49 from 22 and Arsenal on 49 from 23. "He always had an eye for a goal," City manager Pep Guardiola said of Foden. "He's got 250 games already and he's had an impact with goals this season. Remarkably Brentford did the double over City last season, beating them 1-0 in London in the last game in May when the title was already secure, having won 2-1 at the Etihad in November. Brentford have collected three points from their last eight league games, losing seven of them, and have slipped to 15th, three points above the relegation zone.
Source:Egypt Today
February 06, 2024 08:28 UTC