The Grammys Awards 2024 took place on Sunday night. Phoebe Bridgers received the lion share of awards with four trophies, three of them with her band Boygeneius. SZA, Boygeneius, Killer Mike, Victoria Monét and songs from the “Barbie” soundtrack followed, each received three awards. After her stiff-person syndrome diagnosis, the one and only Celine Dion made a surprise appearance at the Grammy Awards ceremony to present the album of the year award. 4-Best new artist - Victoria Monét who received also Best R&B album award for Jaguar II5-Best rap song award and Best rap performance award- Killer Mike ft André 3000, Future and Eryn Allen Kane - Scientists & Engineers6-Best rock performance award and Best rock song award - Boygenius - Not Strong Enough7-Best rock album award and Best alternative performance award - Paramore - This Is Why8-Best country solo performance award and Best country song award - Chris Stapleton - White Horse
Source:Egypt Today
February 06, 2024 06:09 UTC
The Egypt Energy Show (EGYPES) 2024, taking place from February 19-21 in Cairo, Egypt, is set to be a landmark event for the energy sector in Africa and the Mediterranean. Leaving no aspect of energy transition unexplored, the Zone promises to be a game-changer for exhibitors and visitors alike. Expanding into new horizons, EGYPES 2024 will feature the inaugural CLIMATECH Challenge, inviting energy start-ups to pitch resilient business models and innovations. In addition to the overarching theme of EGYPES 2024, the EGYPES Energy Awards will take centre stage, honouring trailblazers and energy pioneers making headlines in energy, whose contributions have been instrumental in advancing the global energy landscape towards achieving net-zero emissions and enabling transformational change for people, organisations and economies. Urgently addressing net-zero agendas, EGYPES 2024 welcomes all to get involved, and be part of the conversation to advance rapidly to accelerate collaborative action, driving energy transition, security and decarbonisation.
Source:Daily News Egypt
February 05, 2024 22:25 UTC
A Pakistani military aircraft carrying much-needed supplies for the people of Gaza touched down at El-Arish International Airport Monday, marking the fifth batch of humanitarian assistance provided by the South Asian nation. The shipment consisted of 230 tons of winterized tents, tarpaulins, and blankets, critical aid for Palestinians facing harsh winter conditions and ongoing hardship. Officials from the Pakistani Embassy in Egypt formally handed over the supplies to the Egyptian Red Crescent Society, ensuring their swift delivery to the Palestinian Red Crescent Society in Gaza. This latest contribution brings Pakistan’s total humanitarian and medical assistance to Gaza to over 230 tons. A sixth consignment of 100 tons of humanitarian aid is scheduled to arrive tomorrow, highlighting the nation’s commitment to supporting Gaza in its time of need.
Source:Daily News Egypt
February 05, 2024 19:55 UTC
With many books being turned into movies, a neverending battle between which one is better, the book or the movie has begun. Fights aside, what’s important is that we let people decide for themselves, and at the Cairo International Book Fair, plenty of books were turned into films. So we are here to present you with books to purchase from the fair, watch the movie, and decide. One of his most famous works you can see at the Cairo International Book Fair is Misery. The Cairo Trilogy by Naguib MahfouzNobel prize winner and literary legend Naguin Mahfouz is the father of Arabic literature.
Source:Egypt Today
February 05, 2024 16:31 UTC
Cairo - 5 February 2024: The Rafah Crossing Administration’s data regarding the crossing movement stated that 100 new Egyptian aid trucks entered from the Egyptian side to the Palestinian side through the Rafah Crossing gate. Egypt's side has received 448 individuals, including 40 wounded and sick, 25 of their companions, 82 holders of Egyptian passports, and 52 holders of foreign passports. The Palestine Red Crescent Society also announced in a press statement that since the beginning of the entry of the humanitarian aid on 10/21/2023 and until 2/1/2024, a total of 9,831 trucks entered into Gaza Strip through the Rafah and Karam Salem crossings; the equivalent of 94.5 per day. The Palestinian Red Crescent Society crews received 6,947 trucks from the Egyptian Red Crescent through the Rafah crossing from 10/21/2023 until 02/01/2024. The trucks contained food, water, relief aid, medical supplies and medicines.
Source:Egypt Today
February 05, 2024 15:08 UTC
Escalating tensions in the Red Sea are raising concerns about oil price volatility and disruptions to global trade, according to Moody’s Investors Service and the International Monetary Fund (IMF). The American credit rating agency warns that ongoing shipping disruptions in the Red Sea, fueled by Houthi rebel attacks, could lead to increased oil price volatility, spikes in shipping rates, and higher marine insurance costs. Hapag-Lloyd CEO Rolf Habben Jansen believes the attacks are unlikely to stop soon, potentially forcing companies to bypass the Suez Canal. As per a January IMF report, roughly 12% of global trade in the first half of 2023 relied on this crucial waterway connecting the Red Sea to the Mediterranean. Additionally, around 15% of global shipping traffic and a significant portion of Egypt’s foreign currency income depend on this vital route.
Source:Daily News Egypt
February 05, 2024 09:11 UTC
Egyptian Prime Minister Mostafa Madbouly convened a meeting Sunday to address the critical issue of medicine and medical supply shortages plaguing the healthcare sector. Prime Minister Madbouly acknowledged existing drug shortages and stressed the need for immediate action to bolster reserves and achieve sustainable healthcare provision. He emphasized the government’s ongoing efforts to expedite supplies and highlighted the formation of a dedicated committee, comprising representatives from various concerned bodies, to tackle this challenge. Bahaa El-Din Zidan, Chairperson of the Egyptian Authority for Unified Procurement, Medical Supply, and the Management of Medical Technology, reassured the public about ongoing communication and collaboration between relevant stakeholders. He announced partnerships with five international laboratory companies to localize their operations within the country, a move expected to boost domestic availability of medical supplies in the long term.
Source:Daily News Egypt
February 04, 2024 23:15 UTC
The Central Bank of Egypt (CBE) anticipates persistent inflationary pressures in the Egyptian market due to financial control measures and supply-side factors. It also noted that the domestic liquidity growth rate, which exceeded its historical average, added to the inflationary pressures. The MPC stated that the 200 basis point hike aimed to lower inflation expectations and tighten monetary conditions, to keep inflation rates on a downward trajectory. The MPC confirmed that the path of the basic interest rates depended on the expected inflation rates. Current updates showed that inflationary pressures persisted and rose above their normal pattern, which was reflected in the inflation of both food and non-food items.
Source:Daily News Egypt
February 04, 2024 17:54 UTC
Fairmont Nile City invites couples to step back in time and experience a Vintage Valentine's Day celebration like no other. The retro ambiance and extraordinary culinary experience create an atmosphere for couples to celebrate their love in style. Saigon Restaurant offers an exquisite Asian dining experience while enjoying the romantic melodies of the live entertainment. The ethereal notes of the harp infuse the air with elegance, creating a mesmerizing atmosphere that elevates the Valentine's Day experience. For guests looking to luxuriate in relaxation, the hotel offers a couple's spa retreat at its renowned spa.
Source:Egypt Today
February 04, 2024 17:37 UTC
The Central Bank of Egypt (CBE) will launch a tender for local treasury bills in US currency worth $1bn on Monday, with a maturity of one year, ending on 5 February 2025. The CBE received 31 bids worth $1.02bn for a similar tender in January worth $830m, of which it accepted 20 bids worth $850m, with an interest rate of 5.149%. Some investors asked for a return of up to 6.25% to subscribe to this tender, but the CBE rejected them. The subscription process for these dollar bills is the same as for the local currency bills. Each bank of the “main dealers” sends a subscription request to the CBE, stating the amount and the interest rate they want.
Source:Daily News Egypt
February 04, 2024 17:13 UTC
CAIRO – 4 February 2024: France’s Minister for Europe and Foreign Affairs Stéphane Séjourné has expressed his keenness to coordinate efforts with Egypt toward reaching a sustainable ceasefire in Gaza and ensuring the swap of detainees. Séjourné made the comments during his meeting with President Abdel Fattah El-Sisi in Egypt in the presence of Foreign Minister Sameh Shoukry. Séjourné highlighted shared positions of France and Egypt regarding the necessity to prevent the expansion of the conflict in Gaza. They also underscored the pivotal and irreplaceable role of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) in providing aid and relief to the people of Gaza. Egypt is currently engaged in intensified global efforts to secure the release of captives held in Gaza and negotiate an extended ceasefire amidst ongoing Israeli aggression since October 7.
Source:Egypt Today
February 04, 2024 15:20 UTC
The Assets and Liabilities Committees (ALCO), which are in charge of setting interest levels in banks, will start Sunday to adjust the interest rates on their savings and loan products following the Central Bank of Egypt (CBE)’s decision to raise interest rates by 2% at once last Thursday evening. The Monetary Policy Committee (MPC) of CBE decided to increase the basic interest rates by 2%, making them 21.25% for deposits, 22.25% for lending, and 21.75% for the credit and discount rates and the main operation of CBE. As an immediate reaction in the market, interest rates on variable-return certificates and some loan products linked to the interest rates rose by 2%. There are several variable-return savings certificates in the Egyptian market, such as the National Bank of Egypt (NBE)’s “platinum” certificate and Banque Misr’s “Al-Qimma” certificate, as well as many variable-return loan products. The Ministry of Finance plans to issue 25 auctions for treasury bills and bonds worth EGP 540.25bn in February, including 16 bond auctions worth EGP 528bn and nine bond auctions worth EGP 12.25bn.
Source:Daily News Egypt
February 04, 2024 14:13 UTC
CAIRO – 4 February 2024: Egypt has recently participated in the meeting of the he Quintet Committee on Lebanon, whose membership includes Egypt, France, the Kingdom of Saudi Arabia, the United States of America, and Qatar, with the Speaker of the Lebanese Parliament, Nabih Berri, according to a statement from the Egyptian Foreign Ministry. The committee aims to solve the issue of the Lebanese presidential election. The Egyptian delegation in the meeting was headed by Ambassador Alaa Moussa, Egypt’s ambassador to Lebanon. Abu Zeid voiced Egypt's firm support for Lebanon and its keenness to complete the presidential election as soon as possible. For his part, Mr. Nabih Berri expressed his welcome to the unified position of the five countries towards supporting Lebanon, reiterating his commitment to working with the various Lebanese political forces and the international community to quickly complete the presidential election.
Source:Egypt Today
February 03, 2024 22:08 UTC
CAIRO - 3 February 2024: The Egyptian Meteorological Authority (EMA) expects Saturday, to witness cold weather during the day in Greater Cairo, Lower Egypt, the northern coasts, and northern Upper Egypt, tending to be warm in South Sinai and South Upper Egypt, and very cold at night, and in the early morning in most parts. On Saturday, EMA expects frost to form on crops in central Sinai, northern Upper Egypt, and New Valley Governorate. There is also water mist in the morning on some agricultural and highway roads near bodies of water leading to and from areas of Greater Cairo, Lower Egypt, the northern coasts, the canal cities, central Sinai, and northern Upper Egypt. The authority also expects light to moderate rains on areas of the northwestern coasts and northern Lower Egypt, extending light rain with an incidence of approximately 30% to areas of the northeastern coasts and the Red Sea mountain ranges at intermittent intervals. As for the temperatures on Saturday:Cairo records highs of 17 degrees and lows of 09Alexandria records highs of 17 degrees and lows of 09Matrouh records highs of 17 degrees and lows of 09Sohag records highs of 18 degrees and lows of 05Qena records highs of 19 degrees and lows of 07Aswan records highs of 20 degrees and lows of 08.
Source:Egypt Today
February 03, 2024 17:30 UTC
The United States launched airstrikes in Syria and Iraq on Friday, targeting over 85 facilities linked to Iran’s Revolutionary Guard and its affiliated militias. Spokesperson Yahya Rasool warned of “disastrous” consequences, urging all parties to de-escalate the situation. Russia Calls for UN InterventionRussia also condemned the strikes, accusing the US of inflaming tensions and urging the UN Security Council to address the situation. Iran Denies Involvement, Promises ResponseIran vehemently denied involvement in the Jordan attack and vowed retaliation for any US strikes targeting its interests. The US-led strikes and the ensuing reactions from Iraq, Russia, and Iran raise concerns about a wider escalation of conflict in the Middle East.
Source:Daily News Egypt
February 03, 2024 17:25 UTC