Egyptian president receives verbal message from Bahrain King
CAIRO – 5 March 2024: President Abdel Fatah al-Sisi received Tuesday a verbal message from King Hamad Bin Issa Al Khalifa of Bahrain, and that was delivered by National Security Advisor, Commander of the Royal Guard and Secretary-General of the Supreme Defense Council of the Kingdom of Bahrain Lieutenant-General Sheikh Nasser bin Hamad Al Khalifa. The message stressed Bahrain's support to Egypt's efforts in confronting internal and external challenges, particularly those existing on the regional scale. The meeting – attended by Intelligence Chief Abbas Kamel - tackled the conditions in Gaza Strip and Egyptian endeavors to reach pacification. In that regard, the Egyptian president stressed the salience of a ceasefire and sufficient delivery of aid. In turn, Sheikh Nasser commended Egypt for airdropping aid northern the Strip, in addition to delivering shipments through Rafah Border Crossing.
Source:Egypt Today
March 05, 2024 12:54 UTC
business : Hassan Allam Holding expands its international operations with new regional headquarters in Riyadh
Monday 4 March 2024 10:58 PMHassan Allam Holding, a leading construction and engineering group in Egypt, has inaugurated its new regional headquarters in Saudi Arabia, as part of its strategic plan to grow its presence across the Middle East and Africa. The launch marks a significant milestone in the Group’s international journey, which now covers more than 10 countries, including the United Arab Emirates, Oman, Libya, Jordan, and Algeria. Hassan Allam, CEO of Hassan Allam Holding, said: “This strategic move is a major step forward for us and reinforces our position as a regional leader. With a backlog of over USD 5.5 billion, of which 30% is from international markets, the launch of our Regional Headquarters in Riyadh is a key step in streamlining our international operations.”Amr Allam, Co-CEO of Hassan Allam Holding, added: “The Regional Headquarters in Riyadh is a pivotal moment in our journey and will play an important role in guiding our international activities across the Middle East and Africa, both in construction and in investment and development. We are ready to use this platform to achieve sustainable growth and build lasting relationships.”The Regional Headquarters will oversee the Group’s international operations in some of the markets and will be responsible for strategic planning, business development, and various corporate functions related to the Group’s international endeavors.
Source:Daily News Egypt
March 05, 2024 12:06 UTC
business : Egypt to release goods held at ports
The decision comes after a recent influx of foreign currency, including $5bn from the Ras El Hekma deal with the United Arab Emirates. The government has been working to address the issue through various measures, including the Ras El Hekma deal. The Ras El Hekma deal is a $35bn investment agreement between Egypt and the UAE. The government expects the Ras El Hekma deal to boost the Egyptian economy and create jobs. The Ras El Hekma deal is the largest foreign direct investment in Egypt’s history.
Source:Daily News Egypt
March 05, 2024 12:05 UTC
Egypt starts procedures to outsource airport management to private companies
The Egyptian government has begun the executive procedures to outsource the management and operation of its airports to private companies. He said that involving the private sector in the management and operation of Egyptian airports would help improve passenger services and increase revenues. The consultant will be responsible for setting the criteria for the selection of private companies, developing the tender documents, and overseeing the bidding process. He also said that the meeting discussed a proposed timeline for the outsourcing process. The consultant will then be required to submit a comprehensive plan for the outsourcing process within six months.
Source:Daily News Egypt
March 05, 2024 09:11 UTC
GDWA’s revenues soar by 53% in 2023 despite challenges
Gadwa for Industrial Development (GDWA), a leading company in the cable and dairy products sectors, reported a 53% increase in its revenues in 2023, reaching EGP 12.24bn, up from EGP 8bn in 2022. The company’s net profits after deducting minority rights surged by about 438% to EGP 1bn in 2023, compared to EGP 186m in 2022. The cable sector accounted for about 65% of the company’s revenues in 2023, with a total of EGP 7.97bn, up from EGP 5.2bn in the previous year, reflecting a 53% growth. On 31 December 2023, the dairy products and retail sector recorded a 95% increase in its revenues, amounting to EGP 2.71bn, compared to EGP 1.39bn in the same period of 2022. The export sector contributed about 44% of the total sales of Arab Dairy, which is the second largest exporter in the dairy products sector in the Egyptian market.
Source:Daily News Egypt
March 05, 2024 02:58 UTC
Egypt’s engineering industries, garment exports surge in January 2024
The Engineering Export Council of Egypt announced that the exports of engineering industries increased by 25.4% in January 2024, reaching $348m, compared to $277.7m in January 2023. Meanwhile, the exports of electrical and electronic industries increased by 3.2%, and the exports of means of transportation surged by 252.8%. The council also reported that the most important markets for engineering exports in January 2024 were in Europe, Asia, and Africa, as well as other markets such as the USA. She also said that exports to Germany increased to $10m in January 2024, compared to $9m in January 2023, an increase of 13%. She also said that exports to Libya increased to $12m in January 2024, compared to $4m in January 2023, an increase of 243%.
Source:Daily News Egypt
March 04, 2024 22:53 UTC
FM heads to Qatar, Saudi Arabia
Foreign Minister Sameh Shoukry on Friday’s evening heads to Qatar and Saudi Arabia, said Spokesman for the Foreign Ministry Ahmed Abu Zeid. The spokesman added that Shoukry and Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani on Saturday will co-chair the Egyptian-Qatari joint higher committee’s meeting in Doha. The Egyptian and Qatari foreign ministers will highlight their countries’ efforts to reach an immediate ceasefire in the Palestinian enclave. On Sunday, Shoukry will fly to the Saudi capital, Riyadh, where he will take part in a political consultative meeting between Egypt and the Gulf Cooperation Council (GCC). The two sides will probe ways of strengthening joint coordination and cooperation in the political and economic spheres.
Source:Egypt Independent
March 04, 2024 12:10 UTC
Egypt to sight Ramadan crescent on Sunday
Egypt’s Dar al-Iftaa (Egyptian Fatwa House) announced on Sunday the date of sighting the crescent of Ramadan 1445 Hijri, coinciding with the approaching advent of the holy month. The Egyptian Fatwa House published on its official Facebook page that the Ramadan crescent moon sighting will be on Sunday, March 10. However, it said that the crescent for Ramadan 1445 can be seen with the bare eye relatively easily from all regions of the Islamic world on Monday, March 11. Ramadan crescent 2024The IAC said that Islamic countries began the month of Shaban on February 11, so most countries will observe the crescent of Ramadan on March 10, and the central conjunction will occur that day at exactly nine am GMT. “The moon will set after sunset in almost all regions of the Islamic world, and accordingly, many countries are expected to begin the month of Ramadan on Monday, March 11,” it explained.
Source:Egypt Independent
March 04, 2024 12:10 UTC
Minister of Communications inaugurates “Future of Women’s Empowerment” Forum
Amr Talaat, the Minister of Communications and Information Technology, inaugurated the annual forum of the “QudwaTech” initiative for women’s empowerment, titled “The Future of Women’s Empowerment in the Age of Digital Transformation”. The forum was organised by the Ministry of Communications and Information Technology in March, coinciding with the local and international celebrations of Women’s Day. The Minister of Communications stated that the success of the communications and information technology sector depends on its ability to adapt modern technology to achieve a societal, economic, and developmental impact in various sectors of society. He also pointed out that the “QudwaTech” initiative, launched by the Ministry of Communications, aims to enable Egyptian women to use modern technological means to develop their projects and reach target markets. He noted that the percentage of women’s participation in the communications and information technology sector is 45%.
Source:Daily News Egypt
March 04, 2024 10:01 UTC
Women’s legal rights are far behind men’s: World Bank
A new World Bank Group report reveals that the global gender gap for women in the workplace is much wider than previously thought. Women have less than two-thirds the legal rights of men when it comes to safety from violence and access to childcare services. These are two new indicators that the report added to measure how laws affect women’s opportunities. It also compares the legal reforms and the actual outcomes for women in 190 economies. In 2023, governments made progress in three areas of legal equal-opportunity reforms—pay, parental rights, and workplace protections.
Source:Daily News Egypt
March 04, 2024 08:32 UTC
5th Egyptian-Qatari higher committee wraps up meeting
The fifth higher committee of Egypt and Qatar wrapped up its session on Saturday 02/03/2024 in the Qatari capital of Doha. The joint session was co-chaired by Foreign Minister Sameh Shoukry and Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, said Foreign Ministry Spokesman Ahmed Abu Zeid. During the inauguration of the meetings, Shoukry conveyed the greetings of President Abdel Fattah al-Sisi to Qatari Emir Sheikh Tamim bin Hamad al-Thani. The Qatari premier and foreign minister welcomed the committee meetings and its aspired role to enhance bilateral cooperation. At the end of the committee session, ministers of both sides signed a number of memorandums of understanding in different domains.
Source:Egypt Independent
March 03, 2024 22:07 UTC
Palestinian officials warn of worsening famine in Gaza amid Israeli attacks
The Ministry of Health in Gaza reported that Israeli forces killed 90 civilians and wounded 177 more in nine massacres across the Strip in the last 24 hours. It said that some of the victims were still trapped under the rubble or on the roads and that Israeli forces were blocking the access of ambulance and civil defence teams to rescue them. The government media office in Gaza also warned on Sunday of the deepening famine in the Strip and denounced the airdrops of aid as ineffective. It blamed the US administration, the international community, and the Israeli occupation for the humanitarian crisis. “The famine is severely affecting the governorates of the Gaza Strip, where 2,400,000 people are facing acute food shortages.
Source:Daily News Egypt
March 03, 2024 21:29 UTC
Women make up 62% of Egyptian diplomats, 20% of ministers
CAIRO – 3 March 2024: Minister of Social Solidarity Nevine al-Qabbaj stated Sunday in a conference that women composed 62 percent of diplomats as well as 22 percent and 14 percent of members in the House of Representatives and Senate, respectively. Further, women represent 20 percent of ministers, 42.8 percent of investigators at the Administrative Prosecution, and 44 percent of members of the National Council for Human Rights in addition to 66 female judges. For the first time, there are currently women holding the positions of deputy governor of the Central Bank of Egypt, chief of an economic court, and national security advisor to the president of the republic.
Source:Egypt Today
March 03, 2024 20:26 UTC
business : Prime Minister inaugurates International Health Tourism Conference in Administrative Capital
Sunday 3 March 2024 01:00 AMThe International Health Tourism Conference kicked off on Saturday under the patronage of Prime Minister Mostafa Madbouly, with the slogan “The echo of the past is renewed today.” The two-day conference is taking place in the New Administrative Capital. Al-Sobki added that Egypt has a great position in health tourism, both in its hospital and therapeutic aspects, in the ranking of indicators at the international level. He stressed that Egypt is a major hub for receiving visitors from Arab and African countries and the world and an ideal destination for health tourism. He pointed out that the Health Care Authority owns green, internationally accredited health facilities in the most important tourist and coastal governorates, such as Port Said, Luxor, Ismailia, South Sinai, Aswan, and Suez. He pointed out that health tourism is a vital strategic sector for improving the growth of the economy in Egypt.
Source:Daily News Egypt
March 03, 2024 17:42 UTC
Egypt, Zimbabwe discuss activation of MoUs on affordable housing, smart cities
CAIRO – 3 March 2024: Egyptian Ambassador to Harare met with Vice-President of Zimbabwe Constantino Chiwenga to discuss the activation of the MoUs signed between the two countries in affordable housing, and among Egypt's New Administrative Capital and Zim Cybercity in Zimbabwe's Mount Hampden. The vice-president also thanked Egypt for providing a shipment of cholera vaccine in collaboration with the Africa Centres for Disease Control and Prevention (Africa CDC), which is any agency affiliated to the African Union. In November, Egypt’s President Abdel Fattah al Sisi received President of Zimbabwe Emmerson Mnangagwa at Al-Ittihadiya Palace. The two leaders agreed on the necessity to boost cooperation in the areas of agriculture and agricultural industrialization projects, and to leverage livestock and fisheries resources, with the aim of maximizing the added value and ensuring food security for both countries. The two Presidents also agreed to strengthen cooperation in the various infrastructure sectors which shall provide joint development opportunities.
Source:Egypt Today
March 03, 2024 16:25 UTC