Egypt's tourism revenues record to $6.6B in H1 2024
CAIRO – 02 July 2024: Egypt's tourism sector raked in $6.6 billion in revenues during the first half of 2024, marking a 5 percent increase from the $6.3 billion generated in the same period of 2023 and an 18 percent jump from the $5.6 billion recorded in 2010, a peak year for tourism. Egypt welcomed 7.069 million tourists between January and June 2024, surpassing the previous high of 7.062 million recorded during the same period in 2023. This surpasses the 67.6 million nights recorded in 2023 and 65.7 million nights in 2010. It's worth noting that 2023 witnessed the highest influx of tourists in Egypt's tourism history, with a record-breaking 14.906 million visitors. This growth builds on Egypt's ambitious goal of reaching 30 million tourists by 2028.
Source:Egypt Today
July 02, 2024 08:41 UTC
MSMEDA launches new product to support innovative, technological entrepreneurship projects
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has introduced a groundbreaking product to empower young entrepreneurs. This initiative provides financial and non-financial services to facilitate the establishment and growth of various projects. In honour of World Micro, Small, and Medium Enterprises Day, MSMEDA has unveiled a funding program specifically tailored for entrepreneurship, innovation, and technology projects. Eligible ventures include those developing new technological products, enhancing production technology, and exploring digital transformation and artificial intelligence. Beyond financial support, young entrepreneurs can access various non-financial benefits through MSMEDA.
Source:Daily News Egypt
July 01, 2024 21:59 UTC
Egypt advances green economy with clear legislation, incentives, and private sector engagement: Environment Minister
Yasmine Fouad, Egypt’s Minister of Environment, recently highlighted the country’s commitment to the green economy. Through well-defined legislation and incentives, Egypt aims to promote sustainable practices and engage the private sector. Here are the key points from her statement:Egypt has introduced clear regulations to support the green economy. The National Council for Climate Change, chaired by the Prime Minister, monitors climate strategy implementation. Fouad highlighted the importance of all sectors—agriculture, industry, research centres, youth, and others—working together on the green economy and environment.
Source:Daily News Egypt
July 01, 2024 21:59 UTC
Egyptian Interior Minister issues decree to deport 4 Syrians
CAIRO – 1 July 2024: The Egyptian gazette published Monday a decree issued by the minister of interior to deport four Syrian nationals in accordance with residency law no. 89/1960 and two reports prepared by the Department of Passports, Migration and Citizenship. Those are Ayman Mohamed Al Zubaidy and Mohamed Aqil Gork Hagy (both born in 1982), Emad Ahmed Qattan (born in 1973), and Mohamed Yaman Mohamed Kanan Qatergy (born in 1983). The Municipal Authority of Giza announced shutting down Thursday six unlicensed Sudanese schools in Shabramant and arresting their directors for interrogation. In the same context, the Cabinet has set June 30, 2024 as the deadline for illegal migrants to apply on residence in Egypt or face legal action.
Source:Egypt Today
July 01, 2024 17:59 UTC
Apex reaches 12,000 boepd production in Egypt, reserves Increase 14%
Apex International Energy announced Monday a positive update on its operations and commercial developments in Egypt’s Western Desert for the first half of 2024. The company reported reaching a production milestone of 12,000 barrels of oil equivalent per day (boepd) and a 14% increase in audited 2P reserves to 29 million barrels of oil equivalent (mmboe). In the Zarif field, both the Zarif 47 and Zarif 49 wells have been completed as producers and put into operation. Gas production from the Faramid project in the East Obaiyed concession remains steady at approximately 23 million cubic feet per day. “Tom’s extensive experience and especially his years in Egypt and the Western Desert will help Apex to continue its growth trajectory and progress.
Source:Daily News Egypt
July 01, 2024 15:15 UTC
UN reveals Israeli torture methods against Palestinians
These severe abuses and other forms of cruel and inhuman treatment are particularly prevalent against the population of Gaza. Alongside the violations already mentioned, there is also forced displacement, which is a serious human rights violation and a critical element of Israel's presence in the Palestinian territories. Additionally, Israel's known torture practices against Palestinian detainees have escalated, aiming at the destruction of the Palestinian population as a whole, with the intensification of violence being most evident in Gaza." Albanese emphasized that Israel's actions constitute genocide, noting that most of Israel's crimes and violations against Palestinians are prosecutable under its own laws. Therefore, these acts can be investigated and prosecuted by the International Criminal Court (ICC) and other national mechanisms.
Source:Egypt Today
July 01, 2024 12:15 UTC
Egypt denies approval for Rafah crossing relocation, Israeli oversight
Egypt has denied approving the relocation of the Rafah border crossing or the construction of a new crossing near Kerem Shalom. According to a high-level Egyptian security source speaking to Daily News Egypt, there have been no Egyptian-Israeli talks regarding the supervision of the Rafah crossing. Furthermore, Egypt reaffirms its commitment to the complete withdrawal of Israeli forces from the Palestinian side of the crossing. Additionally, the channel said that Israeli plans are underway to relocate the Rafah crossing near Kerem Shalom, where the borders converge. The management of the new Rafah crossing will involve collaboration among Israelis, Egyptians, Palestinians, and Americans.
Source:Daily News Egypt
July 01, 2024 10:34 UTC
Egypt's MoIC empowers development, global collaboration
CAIRO – 1 June 2024: Egypt's Ministry of International Cooperation (MoIC) has played a significant role in Egypt's development agenda, propelling the nation forward in recent years. A momentous milestone was reached when the World Bank Group approved a financing package of $700 million, with $500 million from the World Bank and $200 million from other partners. These efforts have been instrumental in advancing Egypt's sustainable development objectives. Notable ProjectsThe MoIC's efforts have materialized in notable projects that have had a transformative impact on Egypt's development landscape. Egypt's Ministry of International Cooperation stands as a shining example of empowerment through collaboration and has boosting Egypt's position as a global leader in driving sustainable development.
Source:Egypt Today
July 01, 2024 09:56 UTC
High-level source denies Egypt plans to send forces to Gaza
A photo showing destruction in Gaza due to the Israeli war - File/WAFACAIRO – 30 June 2024: A high-level source has underlined Egypt’s rejection of the entry of any Egyptian forces into the Gaza Strip, Al-Qahera News reported on Sunday. Meanwhile, the source denied Egypt’s approval for the transfer of the Rafah crossing with Gaza or the construction of a new crossing near the Karm Abu Salem crossing. The source underlined Egypt's insistence on a full withdrawal of the Israeli army from the Palestinian side of the Rafah crossing. Egypt has consistently opposed the Israeli takeover of the Rafah crossing since May 7 and has refused to coordinate with Israeli forces for aid delivery through this crucial crossing. Additionally, Egypt has dismissed reports about plans to deploy Egyptian troops to Gaza as part of a broader coalition in post-war Gaza.
Source:Egypt Today
June 30, 2024 21:14 UTC
Al-Sisi Commemorates 11Th Anniversary Of June 30 Revolution
(MENAFN- Daily News Egypt) Egyptian President Abdel Fattah Al-Sisi reaffirmed the significance of the June 30 anniversary this year. The occasion underscores the resilience of Egyptians, their deep connection to their homeland, and their unwavering commitment to overcoming challenges. In a statement posted on on |Sunday, President Al-Sisi stated:“The glorious June 30 Revolution anniversary serves as a testament to the strength of Egyptians, their patriotism, and their ability to persevere.”On 30 June 2013, millions of Egyptians protested against the rule of the late President Mohamed Morsi, a member of the Muslim Brotherhood, demanding his resignation. The demonstrations culminated in the military's intervention, leading to Morsi's removal and the establishment of a new political direction. He renewed his commitment to overcoming challenges and invoked divine guidance on the path of righteousness and prosperity.
Source:Daily News Egypt
June 30, 2024 18:41 UTC
Egypt inks $33bn green ammonia deals at Egypt-EU Investment Conference
Egypt secured nearly $33bnin investments for four green ammonia projects during the Egypt-EU Investment Conference held in Cairo. The largest agreement, valued at $14bn, involves British Petroleum (BP), Masdar, Hassan Allam Utilities, and Infinity Power Holding for a project in Sokhna Port. Ayman Soliman, CEO of TSFE, highlighted the fund’s commitment to promoting Egypt as a regional green energy hub by partnering with international players in the renewable energy sector. The projects are expected to contribute significantly to Egypt’s renewable energy goals and its efforts to decarbonize its energy sector. The signing ceremony was attended by Mohamed Shaker, Minister of Electricity and Renewable Energy, and Hala El-Said, Minister of Planning and Economic Development.
Source:Daily News Egypt
June 30, 2024 17:44 UTC
Egypt’s Environment Minister highlights $2bn green investment opportunities
Yasmine Fouad, Egypt’s Minister of Environment, unveiled promising investment opportunities worth $2bn in Egypt’s green circular economy during the dialogue session “Promoting Green and Circular Economy in Egypt” at the Egypt-EU Investment Conference on Sunday. Minister Fouad emphasized the Egyptian government’s commitment to fostering a supportive environment for a green circular economy, aligning it with economic development and integrating it into social and economic pathways. This initiative has stimulated private sector investment in green projects. Minister Fouad identified several promising sectors for investment in the green circular economy, including waste management (especially agricultural, medical, and construction and demolition waste), renewable energy, resource efficiency, industry, and supply chains. Additionally, Minister Fouad highlighted the tourism sector and nature-based solutions as promising areas for investment, given Egypt’s strategic location and coastlines on the Red and Mediterranean Seas.
Source:Daily News Egypt
June 30, 2024 15:09 UTC
Eight national songs document the June 30 revolution
In the past 5 years, numerous songs were produced describing the victory of Egyptians against the terrorist regime. Some of the songs are:• "Teslam el Ayady" (Thank You):This song was one of the most influential songs produced since June 30 revolution. • "Toba Foq Toba" (Brick on Brick):Amal Maher sang this song written by Ayman Bahgat Amar, composed by Amr Mustafa and distributed by Ahmed el-Mogy. • "Aash el Geish el Masri" (Long live Egyptian Army):Folklore singer Amina performed this song written by Mahmoud Salah, and composed by Hassan Donya. • "Taheya Lel Sha’ab el Masry" (Greetings to Egyptians):Hamada Helal performed this song as a dedication to those who participated in the revolution.
Source:Egypt Today
June 30, 2024 13:06 UTC
President Sisi highlights Gaza war, price increases on June 30 Revolution anniversary
President Abdel Fattah El-Sisi addresses the nation on the 11th anniversary of the June 30, 2013 Revolution – Egyptian PresidencyCAIRO – 30 June 2024: President Abdel Fattah El-Sisi addressed the nation on the 11th anniversary of the June 30, 2013 Revolution, shedding light on the turbulent regional situation and the issue of rising prices in Egypt. In his speech on Sunday, President Sisi emphasized the significant changes occurring in the region, particularly in the wake of "the heinous Israeli war in Gaza." Addressing price hikesSisi also highlighted the Egyptian people’s suffering due to the recent price increases, reassuring them that the new government has a priority to ease this suffering. He emphasized that the June 30 Revolution represented a defining moment, distinguishing the eternal Egyptian national consciousness from attempts by non-national forces to dismantle or seize it. Despite the difficulties and challenges faced, Egyptians have embarked on a path of progress, prosperity, and goodness, he added.
Source:Egypt Today
June 30, 2024 09:53 UTC
Egypt denounces Israeli legalization of 5 new West Bank settlement outposts
Units at the Israeli settlement of Eldad, south of Bethlehem in the West Bank - Flickr/TrocaireCAIRO – 30 June 2024: Egypt has condemned the decision of the Israeli government to approve the legalization of five settlement outposts in the West Bank and plan for the construction of thousands of new settlement units. “Egypt strongly denounces Israel's exploitation of the ongoing conflict in the Gaza Strip to perpetuate further illegal settlement expansion,” the ministry said. Cairo also denounced continued Israeli attempts to alter the legal status of the occupied Palestinian territories, including East Jerusalem. The ministry emphasized that a two-state solution serves as the only path to comprehensive and lasting peace. The latest Israeli decision, announced by Israeli hardliner Finance Minister Bezalel Smotrich has faced international condemnation, including from the European Union.
Source:Egypt Today
June 30, 2024 04:18 UTC