Egyptian ministry reveals updates on '100 Million Trees' initiative
CAIRO – 23 June 2024: The Ministry of Agriculture and Land Reclamation revealed in a statement Sunday updates on its contribution to the presidential initiative "100 Million Trees," as it has supplied 3.1 million trees until present. The Ministry of Local Development revealed in a statement in April 2023 that 7.2 million trees out of 7.7 million trees targeted for FY2022/2023 had been planted within the presidential initiative "100 Million Trees" and that is planned to be completed over seven years. The ministry noted that it is contributing to the initiative by cultivating 80 million trees, while the rest will be grown by the Ministry of Environment and the Ministry of Housing. The 100 million trees will be cultivated across 9,900 locations on a total area of 6,600 feddans, dispersed nationwide, constituting forests and parks that are irrigated by treated wastewater. The statement revealed the species of trees cultivated, and those are camphor, casuarina, conocarps, orange, guava, olive, bologna, white poplar, mahogany, lemon, and pomegranate among others.
Source:Egypt Today
June 23, 2024 20:07 UTC
Egypt eyes Bolivian tourism, investments in SCzone
CAIRO – 23 June 2024: Ambassador to Sucre Hatem al-Nashar invited earlier this week Bolivian Vice-President David Choquehuanca to visit Egypt during a meeting they held to discuss bolstering ties on the political, economic and trade levels. The ambassador called for benefitting from the Suez Canal Economic Zone (SCzone) which is a good opportunity for investors to have access to the Arab, European, Asian and African markets. The two sides also conferred over boosting touristic trips, cultural events, exchange of experience and human capacity-building in those sectors. On his side, the Bolivian vice-president expressed admiration to the Ancient Egyptian civilization and keenness on pushing forward cooperation with Egypt.
Source:Egypt Today
June 23, 2024 19:27 UTC
Egypt's foreign direct investments record $9.8B in 2023: UNCTAD
CAIRO – 23 June 2024: Egypt experienced a 13.6% annual decline in foreign direct investment in 2023. The recorded figure was $9.841 billion, down from $11.4 billion in 2022, according to data from the United Nations Conference on Trade and Development (UNCTAD). This growth is anticipated to be fueled by the Ras El Hekma deal and Egypt's Initial Public Offering (IPO) program. The agreement involved the Abu Dhabi Developmental Holding Company (ADQ) acquiring the development rights for the Ras El Hekma project. This deal, valued at $35 billion, stands as Egypt's largest foreign investment and aims to develop Ras El Hekma, located in the North Coast.
Source:Egypt Today
June 23, 2024 14:01 UTC
China threatens death penalty for ‘diehard’ Taiwan separatists
CNN — China on Friday threatened to impose the death penalty in extreme cases for “diehard” Taiwan independence separatists, a ratcheting up of pressure even though Chinese courts have no jurisdiction on the democratically governed island. The guidelines are being issued in accordance with laws already on the books, including the 2005 anti-succession law, Xinhua said. That law gives China the legal basis for military action against Taiwan if it secedes or seems about to. Sun Ping, an official from China’s Ministry of Public Security, told reporters in Beijing the maximum penalty for the “crime of secession” was the death penalty. Such punishments have little practical effect as Chinese courts do not have jurisdiction in Taiwan, whose government rejects Beijing’s sovereignty claims.
Source:Egypt Independent
June 23, 2024 13:36 UTC
What did CBE do to reduce and stabilise prices?
Its primary objective is to contain high inflation and reduce the prices of goods and services. That way, it was able to control the rate of inflation and reduce prices. This massively helps reduce the prices of goods for citizens as a result of the expansion of the volume and financing opportunities for this type of company. CBE continues to intervene in open market mechanisms to regulate the monetary supply and withdraw excess liquidity from the banking system units. At the same time, CBE continues to adopt policies to support economic growth, stimulate investment, and generate jobs.
Source:Daily News Egypt
June 23, 2024 13:03 UTC
June 30: Egypt, EU celebrate a decade of historic relations
This relationship has recently been elevated to a "comprehensive strategic partnership," recognizing Egypt's political and economic influence, strategic location, and developmental progress. Strengthening EU-Egypt RelationsOver the past decade, Egypt, under President Sisi, has reaped the benefits of its proactive and diverse diplomatic efforts. The relationship between Egypt and the EU has grown on political, economic, and strategic levels, reflecting a shared history and mutual goals. Economic Stability and DevelopmentThe EU is committed to supporting Egypt's 2030 development agenda, ensuring long-term macroeconomic stability and sustainable growth. The EU and Egypt have made substantial progress in their relationship over the past decade, marked by mutual respect and shared goals.
Source:Egypt Today
June 23, 2024 10:39 UTC
June 30: Egypt's success in combating illegal migration
Major Initiatives and CampaignsSince its inception, the Ministry of Immigration has launched numerous initiatives and campaigns to serve Egyptians abroad. The ministry also focuses on raising awareness in high-emigration governorates and training youth to enhance their skills for the global job market. Successful Initiatives and LawsThe ministry has implemented previous conference recommendations, including the long-awaited law allowing Egyptians abroad to import cars duty-free. Investment Opportunities for Egyptians AbroadFocusing on investment, the ministry has supported establishing the "Egyptians Abroad Investment Company," managed by expatriate businessmen without state intervention. Election Participation and Rights Awareness CampaignsThe "Participate with Your Voice" campaign encouraged Egyptians abroad to vote in the 2023/2024 presidential elections.
Source:Egypt Today
June 23, 2024 09:37 UTC
Over 461,000 income tax, VAT disputes settled in Egypt
Mohamed Maait, Egypt’s Minister of Finance, recently announced the resolution of more than 461,000 income tax and value-added tax (VAT) disputes over the past six years. The resolution process involved the Tax Appeals Committees and the Dispute Resolution Committees, both contributing to the development and digitalization of Egypt’s tax system. In the same period, the Tax Appeals Committees resolved over 403,000 disputes between the Tax Authority and taxpayers, resulting in a final payable tax amount exceeding EGP 309bn. Additionally, the Dispute Resolution Committees settled over 58,000 cases, with an agreed tax amount surpassing EGP 53.5bn. These achievements reflect the dedicated work of Ministry of Finance employees and officials, emphasizing the importance of swift dispute resolution.
Source:Daily News Egypt
June 23, 2024 08:47 UTC
Egypt’s foreign trade reaches $51.555bn in H1 FY 2023/24
Egypt’s foreign trade volume for the first half of the fiscal year 2023/2024 reached approximately $51.555bn. In a recent report, the Central Bank of Egypt highlighted the trade exchange volume between Egypt and its top 14 trade partners, who collectively represent 62.8% of the total trade volume. The United Arab Emirates emerged as Egypt’s leading trade partner, with a trade exchange volume of approximately $4.779bn. Germany occupied the fifth spot, with a trade volume of $2.647bn. Brazil secured the 11th position among Egypt’s major trade partners during the first half of 2023/2024, with a trade volume of $1.318bn.
Source:Daily News Egypt
June 22, 2024 20:28 UTC
Cabinet cancels licences of 16 travel companies after death of over 600 Egyptian pilgrims
Egypt’s Prime Minister Mostafa Madbouly cancelled on Saturday the licences of 16 tourism companies and referred their officials to the public prosecution for alleged facilitation of unregistered pilgrims’ travel through unofficial means. The Cabinet stated: “Sixteen tourism companies facilitated travel of pilgrims through illegal means, and did not provide any services to them. Moreover, the committee recommended coordination with the Saudi side to provide facilities to the families of the victims and patients. The committee stressed reviewing entry visa lists for Saudi lands, ensuring that BARCODE is issued through tourism companies, and taking the necessary legal measures against violating companies. The recommendations also included studying the amendment of some articles of the Tourism Companies Law No.
Source:Daily News Egypt
June 22, 2024 19:49 UTC
More than 40 people killed or missing in strikes on central Gaza
CNN —Forty-two people have been killed or left missing after two strikes in central Gaza on Saturday, according to the Hamas-controlled Government Media Office. The Director of the Media Office, Ismail Al-Thawabtah, told CNN that the strikes had occurred at Al Shati camp and in the nearby Al Tuffah neighborhood. The Civil Defense Directorate said 19 bodies had been retrieved after the strike in Al Tuffah, where more than 35 people were injured. The other strike was against a residential block in Al Shati, also near Gaza City. Israel launched its offensive in Gaza following the Hamas attacks of October 7, which killed around 1,200 people.
Source:Egypt Independent
June 22, 2024 19:37 UTC
5 Reasons to Love Cancerians
Time to say goodbye to Gemini season and welcome the most sensitive, nurturing sign of them all: Cancer’s season! Some of the celebrities who carry this sign include Ariana Grande, Meryl Streep, Jacob Elordi, and the late Princess Diana. Let's dive right into the traits that make Cancers the emotional powerhouses of the zodiac and why we love them:1. They can notice small details others may miss, they can even spot the slightest changes in people’s moods without even trying, and can identify people’s needs right away. Because they usually hate change, holding on to old memories and reminiscing brings them ultimate comfort in the midst of change.
Source:Egypt Today
June 22, 2024 18:22 UTC
Egypt revokes licenses of travel companies involved in unregistered pilgrims tragedy
Unregistered pilgrimageLast week, Madbouly stated that the official Egyptian Hajj mission this year comprised 50,752 individuals. Madbouly emphasized on Thursday that due to the lack of registered data for these unregistered pilgrims with the medical mission, monitoring their health conditions has been challenging. The task force is also responsible for investigating the causes of this crisis and implementing measures to prevent its recurrence. Punishing violatorsOn Thursday, Madbouly announced that an investigation will be launched into the companies responsible for organizing the travel of unregistered Hajj pilgrims. Madbouly highlighted that a consular task force, under the Ministry of Foreign Affairs, is currently conducting on-site visits to hospitals in Saudi Arabia.
Source:Egypt Today
June 22, 2024 15:21 UTC
Top U.S. State Department official Andrew Miller resigns amid Gaza war
CAIRO – 21 June 2024: Top U.S. State Department official Andrew Miller who served as deputy assistant secretary for Israeli-Palestinian Affairs resigned from President Joe Biden’s administration, according to media reports. It was added that Miller had been intending to resign for some time due to the US administration's position on the Gaza war. The State Department spokesperson also announced that they are collaborating with the governments of Egypt and Israel to reopen the Rafah crossing. The Israeli occupation forces continue to launch hundreds of airstrikes and artillery shelling, committing crimes across various regions of the Gaza Strip. Israeli occupation aircraft have destroyed entire residential blocks in the Gaza Strip, following a comprehensive destruction policy during their ongoing aggression on the region.
Source:Egypt Today
June 21, 2024 20:43 UTC
Hundreds of thousands of Thanaweya Amma students prepare for summative exams
Thanaweya Amma exams can be stressful for students and parents alike, given the competition for faculties that require high grades in the science and literature branches. This year, the Thanaweya Amma exams began on June 10 and will continue until July 17 for science and literature branch students, and July 20 for mathematics students. On Saturday, June 29, science and mathematics branch students will take the physics exams, while literature students will take the history exam. On Saturday, July 6, science and mathematics students will take the chemistry exam, while literature students will take the geography exam. On Wednesday, July 10, science students will have the geology exam, while mathematics students will take the algebra and analytical geometry exam.
Source:Egypt Today
June 21, 2024 16:21 UTC