Russia, Brazil discuss cooperation in BRICS, G20
Nizhny Novgorod – Russian Foreign Minister Sergey Lavrov and Brazilian Foreign Minister Mauro Vieira met on the sidelines of a BRICS foreign ministers meeting to discuss cooperation in BRICS and the G20, where both countries hold the presidency this year. The Russian Foreign Ministry described the discussions as “interesting and constructive”, covering key areas of bilateral strategic partnership and collaboration on international platforms. The ministers also addressed international and regional issues, including the conflict in Ukraine. The meeting took place amidst a friendly atmosphere, reflecting the traditionally strong ties between Russia and Brazil, the ministry stated. No further details of the discussions were provided.
Source:Daily News Egypt
June 10, 2024 20:37 UTC
Egyptian FM calls for BRICS' role in making global economy more inclusive of developing countries
The minister expressed Egypt's happiness about its representation for the first time as a member state in BRICS. With regard to BRICS, the minister pointed out that the recent expansion of the bloc boosted its capability in representing developing countries in that critical timing. On that front, he displayed Egypt's priorities and expectations saying that BRICS should keep calling for a global economic governance that is more inclusive of developing countries. That is in addition to supporting developmental funding, encouraging multilateral banks to provide soft loans to developing states, and backing regional trade agreements in the south. The foreign minister said that the increasing use of national currencies in transactions between BRICS' member states would play a major role in improving the resilience of their economies.
Source:Egypt Today
June 10, 2024 16:48 UTC
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Source:Egypt Today
June 09, 2024 21:37 UTC
Egypt establishes committee to uphold competition laws: Deputy Finance Minister
Deputy Minister of Finance for Fiscal Policies and Institutional Reform, Ahmed Kouchouk, announced significant strides in establishing tax neutrality principles to bolster the private sector’s contribution to the nation’s GDP. Kouchouk highlighted the State Ownership Policy Document as a pivotal framework supporting the shift toward a more competitive economy. He stressed that a robust competition policy guarantees equal regulatory conditions for all market participants, regardless of ownership or origin. Guimbert warned that a lack of market competition could significantly impact the private sector and small and medium-sized enterprises (SMEs). He commended the government’s recent initiatives to integrate the private sector into business operations and expressed confidence that the State Ownership Policy Document would further empower the private sector.
Source:Daily News Egypt
June 09, 2024 18:37 UTC
Modi sworn in for 3rd term as India’s Prime Minister
Narendra Modi, leader of the Hindu nationalist Bharatiya Janata Party (BJP), has been sworn in as India’s Prime Minister for a third term on Sunday. Modi’s 3.0 cabinet consists of 72 ministers, including 30 Cabinet Ministers, 5 Ministers of State with Independent Charge, and 36 Ministers of State. International dignitaries attending the event included President Ranil Wickremesinghe of Sri Lanka, President Mohamed Muizzu of the Maldives, Vice-President Ahmed Afif of Seychelles, Prime Minister Sheikh Hasina of Bangladesh, Prime Minister Pravind Kumar Jugnauth of Mauritius, Prime Minister Pushpa Kamal Dahal ‘Prachanda’ of Nepal, and Prime Minister Tshering Tobgay of Bhutan. Modi’s historic third term marks him as only the second Indian leader to achieve this milestone, following the country’s first Prime Minister, Jawaharlal Nehru. On Friday, elected MPs voted Modi as the leader of the Lok Sabha, the BJP parliamentary party, and the NDA.
Source:Daily News Egypt
June 09, 2024 18:23 UTC
Thousands gather outside White House to protest war in Gaza
CAIRO – June 9 2024: Thousands of pro-Palestine demonstrators gathered near the White House in Washington, D.C., urging President Joe Biden to cease all military aid to Israel and to call for an immediate ceasefire in the ongoing conflict between Israel and Gaza. Many demonstrators wore the red and green colors of the Palestinian flag as they marched towards the White House area. Biden was not at the White House on Saturday; he was in France on an official visit, where he attended a formal dinner with President Emmanuel Macron. Pro-Palestine activists outside the White House, who have been highly critical of Biden's response to the war, form a crucial part of his base, comprising young and non-white voters. They urged these groups to reconsider their support for Biden ahead of the upcoming presidential election in the fall.
Source:Egypt Today
June 09, 2024 14:48 UTC
Egypt launches major initiatives to enhance business environment, propel private sector development: Finance Minister
Finance Minister Mohamed Maait has reaffirmed the government’s dedication to comprehensive economic reforms aimed at confronting both domestic and international obstacles. Maait underscored the government’s objective to fortify the economy, with a heightened focus on domestic manufacturing and export enhancement. Addressing a workshop hosted by the International Monetary Fund’s Middle East Regional Technical Assistance Centre (METAC), the Finance Minister acknowledged the government’s substantial progress in refining the business environment and invigorating private sector expansion to stimulate economic dynamics. The strategy is to bolster private investment inflows, implementing vigilant and forward-thinking fiscal strategies to allure both domestic and international investors. “We remain steadfast in our commitment to bolster financial governance to safeguard public finances from the adverse effects of ongoing global and regional turmoil,” Maait declared.
Source:Daily News Egypt
June 09, 2024 14:44 UTC
Egypt's Genome project to drive major innovations
Human genome projects, which compile all genetic information of an organism, have made this possible, benefiting various sectors. The Human Genome Project (HGP)Driven by the desire to understand the human genome, the U.S. National Academy of Sciences formed a special committee in 1988 to develop the project in collaboration with the National Institutes of Health (NIH). Timeline of Human Genome Projects1984: The idea of the HGP emerged during the "Alta Summit," highlighting the growing role of DNA technologies. 2012: Published the Human Genome Guidebook, revealing that about 80% of our genome, previously considered "junk DNA," is actually functional. The Egyptian Genome Project aims to bring similar revolutionary changes, leveraging genomic data to improve healthcare, enhance human potential, and position Egypt at the forefront of global scientific advancements.
Source:Egypt Today
June 09, 2024 14:30 UTC
Biden administration pushing Middle East allies to make threats to Hamas in push for a Gaza ceasefire deal
Still, the Biden administration believes there is an opportunity to close the deal, one US official said. Biden unleashed the pressure campaignThe Biden administration’s intense pressure campaign coincides with Biden’s speech last Friday declaring that Hamas must accept the Israeli proposal on the table. Biden laid out three phases of a deal that he said the Israelis had transmitted to Hamas the night before he spoke. And now, one week after the latest Israeli proposal was transmitted to Hamas, it remains unclear if the pressure campaign will succeed. Miller acknowledged Wednesday that Sinwar might not see it as in his interest to accept the deal on the table.
Source:Egypt Independent
June 09, 2024 13:40 UTC
Egypt’s NFSA, DRC’s FDA ink food safety agreement
Egypt’s National Food Safety Authority (NFSA) and the Democratic Republic of the Congo’s (DRC) Food and Drug Administration (FDA) have signed a cooperation protocol to enhance food safety control and trade between the two nations. The agreement, signed by NFSA Head Tarek El Houby and FDA Director General Christian Ntomba, aims to strengthen coordination in areas such as conformity assessment procedures, mutual recognition of regulatory performance, and ensuring equivalent implementation of food safety controls. Furthermore, the agreement covers cooperation in risk assessment, inspection, testing, and detection of food contaminants, in line with international regulations. This agreement aligns with the NFSA’s plans to conclude several cooperation agreements with African counterparts, aiming to achieve integration and consistency in food safety policies and regulatory systems across the continent. This initiative follows the outcomes of the High-Level Forum of African Food Safety Authorities, organized by the NFSA in October 2023.
Source:Daily News Egypt
June 09, 2024 03:48 UTC
CEC submits six proposals to Prime Minister for economic enhancement
The Chemical and Fertilizers Export Council (CEC) of Egypt has formally submitted six key proposals to Prime Minister Mostafa Madbouly. Khaled Abul Makarem, Chairperson of the CEC, highlighted these issues during a recent meeting with the Prime Minister. The CEC also reiterated its call for the Ministry of Finance to honour its commitment to refund VAT on exported goods. Moreover, Abul Makarem urged the Prime Minister to ensure the reimbursement of export burdens within a 60-day timeframe from the submission date, leveraging the digitalization of the process. Expanding on the council’s proposals, Abul Makarem advocated for the extension of shipping support to encompass global markets, not limited to Africa.
Source:Daily News Egypt
June 08, 2024 22:26 UTC
KOICA, EAPD partner to foster sustainable development in Africa
The Korea International Cooperation Agency (KOICA), South Korea’s official development assistance agency, signed a Memorandum of Understanding (MoU) with the Egyptian Agency of Partnership for Development (EAPD) to implement joint activities and initiatives on development cooperation in third countries to eliminate poverty and achieve sustainable development. The Korea International Cooperation Agency (KOICA) and the Egyptian Agency of Partnership for Development (EAPD) have signed a Memorandum of Understanding (MoU) to implement joint development cooperation activities in third countries, with a focus on Africa. “KOICA is actively working to promote triangular cooperation in the development sector,” said President Sam. KOICA, a government agency under the Ministry of Foreign Affairs, is responsible for implementing grant aid programs to combat poverty and support sustainable socio-economic growth in partner countries worldwide. The EAPD is an Egyptian agency that promotes South-South cooperation and development partnerships.
Source:Daily News Egypt
June 08, 2024 19:43 UTC
Israel says four hostages rescued in central Gaza military operation
CNN —Four hostages have been freed in a special operation in the Nuseirat refugee camp in central Gaza, Israel’s military says. Noa Argamani, 25, Almog Meir Jan, 21, Andrey Kozlov, 27, and Shlomi Ziv, 40, were rescued by the Israeli military, intelligence and special forces from two separate locations in Nuseirat, the Israel Defense Forces (IDF) said Saturday. Rescuing hostages taken during the Hamas attacks of October 7 remains a major goal of the Israeli military campaign in Gaza. IDF Corporal Ori Megidish was rescued in October last year from the northern Gaza Strip. In another operation on February 12 this year, Fernando Marman and Louis Har were rescued from southern Rafah.
Source:Egypt Independent
June 08, 2024 19:36 UTC
Egypt jumps 100 places in global road quality index ranking, reaching 18th globally
These factors have collectively contributed to Egypt's remarkable progress in the global Road Quality Index ranking. Egypt's Road Quality Index Ranking Soars: Egypt has ascended an impressive 100 places in the global Road Quality Index, currently holding the 18th position. National Road Project: A Catalyst for Progress: The National Road Project aims to construct a total of 7,000 kilometers of roads. The country's Road Quality Index score has steadily improved, reaching 5.53 points in 2024, securing 18th place. In 2021, the score was 5.46 points, placing Egypt in 18th position, while in 2019, the score was 4.52 points, ranking the country 41st.
Source:Egypt Today
June 08, 2024 15:33 UTC
Blinken to visit Egypt, Israel, Jordan and Qatar next week
Cairo – 7 June 2024: The US State Department announced that Anthony Blinken will travel to Egypt, Israel, Jordan, and Qatar next week. Blinken’s visit to the region next week aims at continuing the Gaza Strip ceasefire agreement discussions, according to al Qahera news channel. Ahmed Abu Zeid, the spokesperson for the Egyptian Foreign Ministry, stated that McGurk expressed his keenness to continue collaborative efforts with Egypt to resolve the crisis in Gaza. Shoukry assured McGurk of Egypt's ongoing intensified efforts to end the Israeli war in Gaza. He stressed the urgent need for a significant increase in humanitarian and relief aid entering Gaza, given the worsening humanitarian crisis in the strip.
Source:Egypt Today
June 07, 2024 22:00 UTC