Egypt's suspension of negotiations on Renaissance Dam due to Ethiopia's intransigence: FM
CAIRO – 3 March 2024: Minister of Foreign Affairs Sameh Shokry criticized Ethiopia's intransigence and neglect to the principle of good neighboring, which has pushed Egypt to suspend negotiations aimed at reaching a legally binding agreement on the filling and operation of the Grand Ethiopian Renaissance Dam (GERD). Shokry's made the statements Sunday in the second Egypt-GCC Consultative Meeting held in Riyadh as he updated his counterparts on the dispute pertinent to the dam. Minister Shokry also tackled the critical crisis the region is enduring due to the Gaza War. He warned of the disastrous consequences of the intended Israeli ground operation in Palestinian Rafah on regional security. The discussions also included threats to navigation in the Red Sea, and the conflicts in Libya, Sudan, Syria, and Somalia.
Source:Egypt Today
March 03, 2024 13:28 UTC
HDB’s record profits for 2023: A success story
Financing Portfolio QualityThe bank’s net return margin increased to 11.3% from 7% in 2022, and the percentage of non-performing loans decreased to 6.9% in the fiscal year 2023. As a result, customer deposits increased by 13.2%, reaching EGP 101.3bn in the fiscal year 2023, compared to EGP 89.485bn in 2022. He pointed out that the total loans to deposits ratio increased to 44.9% in 2023, compared to 42.6% in the previous year. Ghanem also revealed that the number of subscribers to the Internet and mobile banking applications increased by 72% in 2023, compared to the same period in 2022. The percentage of users of the Internet and mobile banking applications also increased by 108% in 2023, compared to 2022.
Source:Daily News Egypt
March 03, 2024 10:31 UTC
Banking sector contributes EGP 2bn to CSR projects in 2023: CBE
The Central Bank of Egypt (CBE) announced that the banking sector allocated nearly EGP 2bn to support social and developmental projects in 2023, as part of its corporate social responsibility (CSR) strategy. The projects aimed to achieve the Sustainable Development Goals and align with Egypt’s Vision 2030. The banking sector also spent EGP 274.3m on community welfare, EGP 21.3m on rural and slum development, EGP 57.4m on supporting people with disabilities, and EGP 27.3m on women empowerment. Additionally, the Egyptian banks supported entrepreneurship and SMEs with EGP 22.8m, environmental projects with EGP 29.5m, and sports, arts, and culture with EGP 30.8m, among other community initiatives. The CBE reaffirmed that the banking sector will continue to support national initiatives that aim to help the most vulnerable segments and improve society.
Source:Daily News Egypt
March 03, 2024 10:09 UTC
Egypt to host Gaza ceasefire talks on Sunday
Mass destruction caused by Israeli bombings on the Gaza Strip in Israel's genocide war on the strip as it killed more than 30,000 people- photo from Palestinian journalist. CAIRO – 2 March 2024: Cairo will host – on Sunday- negotiations to reach a humanitarian truce between the Palestinian Hamas movement and Israel in Gaza, a high-ranking Egyptian source told Al Qahera News on Saturday. The source also confirmed that Egypt continues airdropping humanitarian aid and food onto the Gaza Strip for more than 2 million Palestinians suffering from systematic starvation by Israeli occupation forces. He added, on condition of anonymity, that Hamas will hand Egypt over the response to the Paris proposal regarding the ceasefire agreement. Egypt has been actively working towards achieving a permanent ceasefire in Gaza, emphasizing the disastrous consequences of the Israeli attacks.
Source:Egypt Today
March 02, 2024 21:20 UTC
Three-year-old boy among 4 killed as Russia hits Odesa apartment block
Kyiv CNN —A three-year-old old boy was among the four people killed in an overnight Russian drone attack on the Ukrainian city of Odesa, officials said, the latest civilian victims of a relentless Russian bombing campaign. The boy, who officials said was named Timofii, was discovered under rubble on a ground floor after the strike, Odesa City Municipality said on Telegram. He called for more air defense systems as he stressed the need to further strengthen the country’s air defense capacities. At least four have been declared killed after the drone strike hit a residential building in Odesa. Oleksandr Gimanov/AFP/Getty Images“More air defense systems, more missiles for air defense is what saves lives,” he said.
Source:Egypt Independent
March 02, 2024 13:44 UTC
11 Palestinians killed after Israeli raid in Rafah
CAIRO - 2 March 2024: Al-Qahera News TV Channel reported Saturday that 11 Palestinians were killed in an Israeli raid that targeted a tent allocated for displaced Palestinians west of Rafah City, south of the Gaza Strip. The Israeli occupation forces have continued their aggression against the Gaza Strip by land, sea and air since the seventh of last October, resulting in the martyrdom of more than 30,000 Palestinians. Most of the killed Palestinians are children and women. The Israeli aggression has also led to more than 71,000 injuries. And while more than 8,000 are still missing under the rubble and on the roads, the occupation prevents ambulance crews from reaching them.
Source:Egypt Today
March 02, 2024 13:15 UTC
Egypt hosts 2nd international conference on medical tourism applications
CAIRO - 2 March 2024: Egyptian Prime Minister, Mustafa Madbouli, inaugurated the second International Conference on Medical Tourism Applications in the New Administrative Capital. The two-day event, held under the patronage of President Abdel Fattah El-Sisi, brought together a wide range of stakeholders in the medical tourism industry. He indicated that the size of the global healthcare market, according to the Medical Tourism Magazine, exceeds the gross domestic product of some giant countries like Japan, Germany, or India. Additionally, according to the Medical Tourism Association (MTA), millions of people around the world cross their national borders and travel to other destinations to receive healthcare. He further explained that medical and wellness tourism is a fertile ground for foreign direct investment, as it is one of the essential services.
Source:Egypt Today
March 02, 2024 11:39 UTC
Palestinian tribes thank Egypt for its efforts bringing humanitarian aid into Gaza
CAIRO – 1 March 2024: The Supreme Authority for Palestinian Tribal Affairs in the Gaza Strip extended its thanks and appreciation to Egypt, Friday for its efforts in bringing humanitarian aid into the Gaza Strip. Al-Masry appreciated the efforts of the Egyptian Red Crescent, which is ‘making redoubled efforts’ in providing and organizing the entry of humanitarian aid to the Palestinian peopleThe General Commissioner of the Tribes revealed that, through his communication with the concerned authorities in Egypt, he sensed that they were extremely keen and searching for all means in attempts to bring humanitarian aid and medical supplies to the people in the Gaza Strip. Al-Masry added that Egyptian efforts did not stop at supporting the rights of the Palestinian people in international forums and mobilizing international public opinion to support the Palestinian people. Rather, Egypt opened its doors to the passage of humanitarian and relief aid to the people of Gaza, victims of the criminal Israeli aggression, and provided about 80% of the aid directed to the people in Gaza along with establishing a number of camps to shelter the displaced, and field hospitals. Al-Masry confirmed that the Palestinian people in the Gaza Strip ‘highly appreciate the sincere Egyptian efforts’ to provide relief and shelter for the people in Gaza.
Source:Egypt Today
March 01, 2024 21:30 UTC
120 humanitarian aid trucks enter besieged Gaza Strip
Additionally, 43 injured Palestinians and those accompanying relatives entered from the besieged Gaza to Egypt for medical treatment. Furthermore, Al-Arish Airport in North Sinai has continued to receive planes transporting humanitarian aid to the Gaza Strip since October 12, 2023. The total number of planes that arrived at Al-Arish Airport in North Sinai has reached 622 planes, transporting aid to Gaza and official delegations since the start of the Israeli aggression on Gaza. The Egyptian Red Crescent received this aid and transported it from Al-Arish to the Gaza Strip. Gharib Abdel Hafez, spokesman for the Egyptian Armed Forces, confirmed on Thursday that Egypt and the UAE are continuing their joint efforts to airdrop tons of humanitarian aid onto the north of the Gaza Strip.
Source:Egypt Today
March 01, 2024 11:05 UTC
Egypt remains committed to Sudan’s security and will continue to help mitigate its humanitarian crisis: Sisi
President Abdel Fattah al-Sisi on Thursday received the Chairman of the Transitional Sovereignty Council of Sudan, Abdel Fattah Burhan, at the Cairo International Airport. Egypt is committed to preserving Sudan’s security, he said, and will provide continued support to achieve its political, security and economic stability. It will also continue to support Sudan’s unity and resolve the existing conflict, as the national security of both countries is closely intertwined. Sisi further stressed Egypt’s continued commitment to playing its role in alleviating the humanitarian strain the conflict has wrought on the Sudanese people. They also agreed to continue intensive consultations and mutual coordination within the coming period.
Source:Egypt Independent
March 01, 2024 04:05 UTC
Egypt to witness drop in temperature as of Saturday, after hot weather prevailing Thursday, Friday
Friday, March 1Cairo and Lower Egypt record 30 and 17; Northern Coasts records 27 and 14; South Sinai records 28 and 17, Northern Upper Egypt records 30 and 14; South Upper Egypt records 32 and 17. Saturday, March 2Cairo and Lower Egypt record 24 and 13; Northern Coasts records 21 and 12; South Sinai records 28 and 16; Northern Upper Egypt records 25 and 11 and South Upper Egypt records 32 and 13. Sunday, March 3Greater Cairo and Lower Egypt record 23 and 14; Northern Coasts records 21 and 12; South Sinai records 25 and 16; Northern Upper Egypt records 23 and 11 and South Upper Egypt records 28 and 14. Monday, March 4Greater Cairo and Lower Egypt record 22 and 13; Northern Coasts records 21 and 12; South Sinai records 25 and 16; Northern Upper Egypt records 23 and 12 and South Upper Egypt records 28 and 13. Tuesday, March 5Greater Cairo and Lower Egypt record 23 and 14; Northern Coasts records 21 and 12; South Sinai records 27 and 16; Northern Upper Egypt records 25 and 12 and South Upper Egypt records 29 and 13.
Source:Egypt Today
March 01, 2024 00:07 UTC
Will Netanyahu’s invasion of Rafah end his government and Israel’s peace? - Dailynewsegypt
Moreover, the Biden administration is also dealing with Russia’s war in Ukraine, which has further reduced its involvement in the Middle East. Deepening commitments to the Middle East is unlikely to be a successful strategy for either American political party in a critical election year. The most urgent task at present, before even considering the post-war situation, is for the regional powers to pursue new and stronger regional security arrangements that can ensure stability. The Middle East needs to establish a permanent regional security forum that provides a lasting platform for dialogue among its actors. Although this vision may seem unrealistic today, the leaders in the Middle East have the power to end the cycle of violence and guide the region toward a more positive direction.
Source:Daily News Egypt
February 29, 2024 23:41 UTC
Rwanda invests $300m to combat Mukungwa River flooding
The Rwandan government has allocated $300m (382bn Rwandan francs) to a project aimed at mitigating flooding risks along the Mukungwa River, a tributary that feeds into Lake Victoria and ultimately the Nile River and the Mediterranean Sea. “This project aims to deploy various measures to mitigate flooding along the Mukungwa River,” explained Davis Bugingo, Manager of the Flood Management and Water Storage Division at the Rwanda Water Resources Board. Supported by the World Bank and coordinated by Rwanda’s Ministry of Environment, the VRP also involves collaboration with various government institutions, including the Rwanda Meteorology Agency, Rwanda Development Board, and Rwanda Forestry Authority. With a total financing requirement exceeding $300m, the VRP has secured support from partners such as the World Bank, European Investment Bank, Nordic Development Fund (NDF), and Climate Green Fund. The project is expected to span five years, with specific sections of the Mukungwa River benefiting from ecological measures that integrate eco-tourism initiatives.
Source:Daily News Egypt
February 29, 2024 23:30 UTC
business : GAFI, EJB sign MoU to promote investment opportunities in Egypt
The MoU aims to provide the following services:Support company founders, especially SMEs, in obtaining and exploiting investment opportunities effectively. Introduce business youth associations around the world to the investment opportunities and incentives available in Egypt, as well as the services provided by GAFI to investors. Cooperate in updating the databases of available investment opportunities, targeted sectors, and studies of targeted markets, and research the needs of these markets for different products to increase Egyptian exports. Heiba emphasized the importance of the role of business associations in promoting investment in Egypt and creating innovative solutions to the economic challenges facing the country and the world. He also said that the success stories of companies operating in Egypt are the main attraction for new investors and that investors are the best promoters of investment opportunities and incentives to their peers.
Source:Daily News Egypt
February 29, 2024 17:37 UTC
Health Ministry directs rapid completion of 1st electronic platform for health tourism in Egypt
The platform makes it available to tourists seeking treatment or hospitalization, and directs the rapid completion of the final preparations for the platform, in preparation for its launch in the coming period as the first electronic platform for health tourism in Egypt. Which will work within a national entity that will undertake the management, supervision and operation, as well as marketing of the electronic platform. Abdel Ghaffar continued that the recommendations that were accomplished in the first meeting were discussed during the meeting, as the minister praised the cooperation protocols that were concluded with several countries and destinations to promote health tourism in Egypt. A cooperation agreement was also concluded with the Egyptian African Company for Development Projects to use the medical centers it owns in several African countries as marketing centers for the medical tourism project in Egypt. Affiliated to the Ministry of Industry and Trade for marketing medical tourism abroad.
Source:Egypt Today
February 29, 2024 17:33 UTC