North Korea to deploy ‘new’ weapons on border with South Korea
Seoul, South Korea CNN —North Korea said Thursday it will deploy new military hardware along the military demarcation line that separates it from the South after Seoul partially pulled back from a 2018 agreement designed to ease tensions along the border, state-run media reported. In response to the North Korean buildup, the US and South Korea – along with Japan – have stepped-up their military cooperation via exercises and deployments that Pyongyang sees as a threat. Earlier this week North Korea denounced the US for its potential sales of advanced missiles to Japan and military equipment to South Korea, calling it “a dangerous act” in a report from KCNA. North Korea said it was “obvious” who the offensive military equipment would be aimed at and used against. Pyongyang also said that South Korea will be held “wholly accountable” for clashes that may break out between the two Koreas.
Source:Egypt Independent
November 24, 2023 20:41 UTC
Egypt received 13 Israeli hostages from Hamas
An Egyptian high-ranking source told Daily News Egypt that Egypt has received 13 Israeli hostages from the Gaza Strip in accordance with the temporary truce agreement. The source, who requires anonymity indicated that the hostages, were transferred by the International Committee of the Red Cross via the Rafah crossing. This comes as part of the Egyptian-Qatari brokered humanitarian truce agreement between Hamas and Israel. It includes the entry of hundreds of trucks of humanitarian aid, including food, medicine, and fuel, into all areas of the Gaza Strip. It also stipulated the release of 13 Israeli women and children held in Gaza, and in return the release of 39 Palestinian children and women from Israeli prisons.
Source:Daily News Egypt
November 24, 2023 15:58 UTC
Egypt's Presidential candidate El-Sisi's campaign focuses on Gaza relief
CAIRO - 24 November 2023: This Friday morning, a delegation from the official campaign of presidential candidate Abdel Fattah El-Sisi, led by Counselor Mahmoud Fawzi, the campaign's head, visited several injured and wounded Palestinians from the Gaza Strip receiving treatment at Al-Arish General Hospital in North Sinai Governorate. The delegation checked on their health status, emphasizing the presidential candidate's commitment to continuing Egypt's historic and effective role in supporting the Palestinian brethren and achieving a comprehensive and fair solution to the Palestinian issue.
Source:Egypt Today
November 24, 2023 15:33 UTC
Argentina's Di Maria to quit internationals after Copa America
(Reuters) - Argentina forward Angel Di Maria will retire from international football following next year's Copa America, the 35-year-old said on Thursday after representing his country for 15 years. Di Maria has made 136 appearances for world champions Argentina since his debut in 2008, playing in four World Cups and scoring in the 2022 final win over France. He will take part in his sixth Copa America at the June 20-July 14 tournament in the United States, where Argentina will bid to successfully defend their continental title. "The Copa America will be the last time I wear the Argentina shirt," Di Maria wrote on his Instagram account. Di Maria rejoined Portuguese champions Benfica this year, the club he played for between 2007 and 2010 when he first arrived in Europe.
Source:Egypt Today
November 24, 2023 11:33 UTC
Contact, MNGM revolutionize gold investment with launch of ‘Contact Gold Coin’
Contact Creditech, the digital consumer finance arm of Contact Financial Holding, and MNGM, Evolve Investment Group’s leading precious metals digital platform that enables customers to buy, sell, store, and order gold delivery, have announced the launch of their joint product, the ‘Contact Gold Coin’. During the promotional period, both companies have set fixed prices at EGP 2500 per month for the 8-gram Contact Gold Coin and EGP 620 per month for the 2-gram Contact Gold Coin. This innovative initiative marks a groundbreaking introduction to the gold investment market. This collaboration signals the beginning of a new era, with Contact and MNGM planning additional offers and exclusive products for Contact customers throughout November. This strategic partnership follows months of collaboration between MNGM and Contact, focusing on financing customers’ gold investments.
Source:Daily News Egypt
November 24, 2023 00:52 UTC
Egyptian FM meets with France's president to discuss its potential role in ending Gaza crisis
CAIRO – 23 November 2023: In a meeting with French President Emanuel Macron, Minister of Foreign Affairs Sameh Shokry said that Arab and Islamic countries looked forward to a leading and central role by France in resolving the Gaza crisis through its membership in the UN Security Council. Minister Shokry started Sunday a tour to a number of permanent member states of the United Nations Security Council (UNSC) in order to push forward endeavors aimed at ending the ongoing war in Gaza Strip and dealing with the deteriorating humanitarian conditions. The minister, accompanied by counterparts who are members of the committee formed last week during the Extraordinary Arab-Islamic Meeting, are set to meet with foreign ministers and political leaders. The committee consists of the foreign ministers of Egypt, Jordan, Qatar, Turkey, Indonesia, Nigeria, Palestine, as well as the secretaries of the Arab League (AL) and the Organization for Islamic Cooperation (OIC). They met counterparts from China, Russia, and the United Kingdom, and concluded the tour by the meeting with the French chief of state.
Source:Egypt Today
November 23, 2023 22:24 UTC
Egypt hosts first EGY-GCC Business Forum to boost economic cooperation
The first EGY-GCC Business Forum was inaugurated by Egypt’s Minister of Trade and Industry Ahmed Samir, who welcomed the leaders of governments, chambers of commerce, finance and business from the Gulf Cooperation Council (GCC) countries. He added that the forum aimed to deepen cooperation in facing the challenges of the global economic crises. Samir also highlighted the opportunities for cooperation in the field of joint industrialisation, which would meet the needs of the Egyptian and Gulf markets. He invited the Gulf private sector to explore the industrial investment opportunities in each country, based on their relative advantages. The Omani Minister of Commerce, Industry, and Investment Promotion Qais Mohammed Al Yousef praised the strategic relations between Egypt and the GCC countries.
Source:Daily News Egypt
November 23, 2023 20:42 UTC
Egypt’s Food Bank sends 2,000 tonnes of relief to Gaza
Egypt’s Food Bank has contributed more than 2,000 tonnes of relief to the Gaza Strip since the beginning of the Israeli aggression on the strip until 18 November, according to Mohsen Sarhan, the Chief Executive Officer of the Egyptian Food Bank. The Egyptian Food Bank sends about 150 trucks carrying food to the Gaza Strip. The bank is primarily concerned with providing food to Egyptians, but with the deterioration of the situation in Gaza, the bank decided, following presidential directives, to contribute to sending aid to the Strip. The contents of the trucks are handed over to the Palestinian Red Crescent after crossing the Rafah crossing into the Gaza Strip. The Egyptian Food Bank is preparing for a huge truck that will enter the strip soon in coordination with the Egyptian Red Crescent and the Palestinian Red Crescent.
Source:Daily News Egypt
November 23, 2023 20:21 UTC
Egypt in contacts with parties to quickly begin 4-day truce between Hamas, Israel
CAIRO - 23 November 2023: An Egyptian senior official told Al Qahera News that Egypt is holding contacts with all parties to agree on the executive procedures for the Egyptian/Qatari-brokered truce between Hamas and Israel. He added that Egypt, Qatar, and the United States are conducting talks and communications to quickly begin the 4-day truce between Hamas and Israel, noting that time to make the truce come into force will be determined within the coming hours. A Palestinian source has said that the delay in the truce in Gaza is caused by the mechanism for handing over Israeli captives. Further, Israel commits to not harming or arresting anyone in all areas of the Gaza Strip, and guarantees the freedom of movement of people (from north to south) along Salahuddin Street. President Abdel Fattah al Sisi welcomed Wednesday the truce agreement announced in Gaza Strip.
Source:Egypt Today
November 23, 2023 15:31 UTC
Egypt one of the most popular destinations for the New Year holidays among Russians
The CEO of the Space Travel tourism company Arthur Muradyan, told the Russian news website NEWS.ru that the most popular destinations for New Year’s holidays among Russians are Egypt, the UAE, and Thailand. One of the most visited places for cultural tourism is Turkey, he added, specifically Istanbul. The expert added that Georgia, Armenia, Tajikistan and Azerbaijan have witnessed a rise in bookings for the holidays. These destinations have direct and regular flights, and the cost of the flight is much cheaper compared to beach destinations. The Middle East and Turkey, which did not ban flights to Russia, have therefore benefited, according to the report.
Source:Egypt Independent
November 23, 2023 13:29 UTC
Egyptian Red Crescent, King Salman Humanitarian Aid and Relief Center sign MoU to deliver aid to Gaza
CAIRO – 23 November 2023: The Egyptian Red Crescent and King Salman Humanitarian Aid and Relief Center signed Thursday an MoU on delivering humanitarian aid to Gaza Strip as well as other areas enduring crises. Minister of Social Solidarity Nevine al-Qabbaj, who is also the deputy chief of the Egyptian Red Crescent, valued the role played by the center in supporting people hit by natural disasters and other types of crises so as its services reached 37 countries. Until present, Saudi Arabia has sent Egypt 15 jets and a ship carrying aid to Gaza. Two other ships and 20 ambulances will arrive soon.
Source:Egypt Today
November 23, 2023 13:22 UTC
India’s exports surge by over 9% in October
India’s exports of goods and services soared to $62.26bn in October, representing a robust 9.43% year-on-year growth, according to official data released on Wednesday. Despite this encouraging growth, India’s overall export volume is projected to decline by 1.61% in fiscal year 2023-24, reaching approximately $437.54bn. In March 2022-23, the country’s total export volume reached an impressive $775.87bn, surpassing the previous year’s figures by 14% and nearly $100bn. This surge was driven by a 6.74% and 27.86% growth in goods and services exports, respectively, reaching $450.43bn and $325.44bn. This initiative aims to strengthen India’s export potential and contribute to sustainable economic growth.
Source:Daily News Egypt
November 22, 2023 19:36 UTC
Russia retains top spot as oil supplier to India and China
Russia maintains its position as the top oil exporter to both India and China. Overall, China’s crude oil imports in September fell by 11% from August to 11.2 million barrels per day (bpd). Russia has been India’s top oil supplier for the past year, accounting for 36% of the country’s total imports in September. Iraq and Saudi Arabia each held a 20% share of India’s oil purchases. India’s total oil imports in September fell by 4% from August to 4.3 million bpd, marking the lowest level this year.
Source:Daily News Egypt
November 22, 2023 16:20 UTC
Driving Energy Transition, Security, and Decarbonisation: Egypt Energy Show (EGYPES 2024)
Cairo, Egypt, 22 November 2023Under the distinguished patronage of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt, the Egypt Energy Show (EGYPES) 2024 is poised to open its doors next February, bearing the theme: "Driving Energy Transition, Security, and Decarbonisation." As the epicentre for global energy dialogue in Africa and the Mediterranean, EGYPES 2024 is underway to be the most pivotal edition to date. In light of the pressing imperative of addressing net-zero agendas, EGYPES 2024 will delve into the formidable challenges and opportunities inherent in achieving profound carbon reductions. Leaving no aspect of energy transition unexplored, the Zone promises to be a game-changer for exhibitors and visitors alike. 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:Egypt Today
November 22, 2023 15:32 UTC
Sustainable Economic Forum concludes inaugural edition in Algeria, fostering global Industry collaboration
The Sustainable Economic Forum (SEF) successfully concluded its first edition in Algeria earlier this month, drawing over 1,200 visitors and featuring global participation from leading industry experts. Conceived by Mohamed Skander, the forum was founded on the belief that collective action is essential to achieving sustainable development goals through realistic strategies and strong industry support. The two-day event brought together representatives from over 17 countries, including key players and organizations from China, Italy, Tunisia, South Africa, France, and Egypt, among other MENA emerging economies. Supported by the main Algerian Business Association (CREA), the forum facilitated various dialogues, conversations, and partnerships. Emerging countries that can meet these conditions will be well-positioned for decarbonized production, as we transition to renewable energy sources and implement less invasive methods that minimize environmental and climate impact.
Source:Daily News Egypt
November 22, 2023 11:43 UTC