The prime minister stated that the electricity crisis worsened on Monday because a gas field in one of the neighboring states got out of service for 24 hours. Further, to stop electricity cuts in summer from the third week of July until September, the government will import other fuels worth $1 billion in addition to the $180 million worth of mazut. Madbouli equally pledged commitment to set a plan for avoiding the resumption of power cuts in September until the end of the year. As for the meantime, due to the gas field crisis in the neighboring state, the electricity will be cut daily for three hours instead of two until the end of this week. In a related context, to save power generally, the government issued a decision for commercial shops to close at 10:00 p.m. instead of 11:00 p.m.
Source:Egypt Today
June 25, 2024 19:01 UTC
The Egyptian Meteorological Authority (EMA) said that the rise in humidity levels on Tuesday makes the weather feel hotter than usual, with values ranging between two to three degrees Celsius. The EMA explained that very hot and humid weather will prevail for the next 72 hours across most of the country. It will be hot and humid on the northern coasts, moderately hot and humid at night in most areas, and moderate and humid on the northern coasts. Temperatures this week are about three degrees higher than normal rates, she said. However, as these masses pass over the Mediterranean Sea with the movement of the depression, they lose part of their heat and are carried with quantities of water vapor, which leads to higher humidity levels.
Source:Egypt Independent
June 25, 2024 14:06 UTC
CAIRO – 25 June 2024: President Abdel Fatah El-Sisi instructed the government to take immediate measures to reduce duration of electricity cuts and achieve fair distribution of them among different neighborhoods, while working on ending the crisis altogether, high-profile source told Extra News Tuesday. Prime Minister Mostafa Madbouli will hold on Tuesday a meeting aimed at issuing key decisions on the electricity crisis, a governmental source told Extra News. The ministries of electricity and petroleum had announced Monday that the daily extra hour of power-saving electricity cuts would persist until the end of the week as it was planned to take place for just two days, Sunday and Monday. The Cabinet announced in January that power load reduction would be carried out as the electricity would be cut for two hours between 11:00 a.m. and 5:00 p.m. daily and the timings for each neighborhood would be declared.
Source:Egypt Today
June 25, 2024 10:24 UTC
The value of services provided through the electronic payment and collection system has reached LE 2.5 trillion in the first 11 months during this year, compared to LE 2.1 trillion in the same period last year, said Finance Minister Mohamed Maait. The total value of salary payments reached LE 299.4 billion compared to LE 242.2 billion in the same period of last year, he added. The minister also noted an increase in the value of electronic payment service for suppliers by 14 percent to reach LE 1.1 trillion compared to LE 989.8 billion in the same period of the previous year. In a press release on Sunday, the minister said that the financial inclusion is considered one of the main pillars for growth and the transition to the digital economy. The State has exerted strenuous efforts in the past decade in the digital payments sphere, he further said.
Source:Egypt Independent
June 24, 2024 21:37 UTC
The Egyptian Ministry of Environment explained that it had not received any confirmed reports yet about the appearance of anything out of the ordinary in the North Coast. This follows in response to footage spread across social media raised questions of a possible shark or whale on the north coast has prompted the National Institute of Marine Sciences and Fisheries to form a monitoring group in the area. She also denied the recent appearance of any whales other than a dead whale which the ministry reported during Eid al-Adha. Statement from the institute explained that since the video sent only shows the dorsal fin and part of the body, and the head or tail fin area does not appear, it is difficult to accurately determine the species. It said it is likely that the object is a small fin whale, and work will continue to verify it completely.
Source:Egypt Independent
June 24, 2024 21:27 UTC
Sadly, the long holiday is over which means getting back to our daily routines and the usual stress, and accordingly, we neglect our mental health and well-being to keep “hustling” as they say. However, what truly matters is balancing our busy lives and inner peace, and finding the best ways to handle stress.There are various hobbies that can help you unwind and relieve anxiety levels, so let’s check them out! GardeningThere’s something truly soothing and beautiful in watering your plants, and watching them bloom and grow every day. ReadingReading can be a great escape from everything happening around you and it will also help you expand your knowledge. Immerse yourself in an enchanting fiction or a history book even if it is only for a couple minutes, but it will surely help you relax and loosen up.
Source:Egypt Today
June 24, 2024 21:06 UTC
CAIRO – 24 June 2024: A high-level source said, Monday that Egypt reaffirms its rejection of any operation of the Rafah crossing in the presence of the Israeli occupation. The source added that Egypt coordinated with the United Nations to allow aid to enter Gaza Strip through the Karem Abu Salem crossing temporarily until the Rafah crossing is back in operation. The source also noted that Egyptian agencies coordinated with UN officials for the entry of 2,272 aid trucks into the Gaza Strip during the past three weeks. On Sunday, the Palestinian Ministry of Health in Gaza confirmed that the Israeli occupation forces committed three massacres against families in the Gaza Strip, resulting in 101 deaths and 169 injuries brought to hospitals over the past 24 hours. This information was released in the daily statistical report on the number of Palestinian casualties resulting from the ongoing Israeli aggression, now in its 260th day in the Gaza Strip.
Source:Egypt Today
June 24, 2024 21:04 UTC
CAIRO – 24 June 2024: Chairman of the New Administrative Capital Company Khaled Abbas told Monday the Middle East News Agency (MENA) that 1,000 families are currently living in the city, and that there is a goal to up the number to 7,000 – 8,000 by the end of the year. Abbas added that there is a target for one million citizens to live in the New Capital within the coming three years. The prime minister stated that 24,000 residential units had been sold in the New Administrative Capital. On another level, LE0.5 trillion were spent on alternative-housing units distributed among former slum dwellers, and residential units targeted at low-income citizens, Madbouli added. The building will consist of offices, residential units, and a hotel, which occupies the highest 30 floors.
Source:Egypt Today
June 24, 2024 19:31 UTC
The National Institute for Governance and Sustainable Development (NIGSD), the training arm of Egypt’s Ministry of Planning and Economic Development, has released its 2023 activity report, detailing significant strides in promoting sustainable development and good governance practices across various sectors. The United Nations Department of Economic and Social Affairs recognized the “Be an Ambassador” initiative as an accelerator for Sustainable Development Goals. In collaboration with UNICEF, the “Wa’tna” platform was launched to educate youth on sustainable development and climate change. NIGSD also conducted training programs for African officials on governance and sustainable development, contributing to the advancement of these fields on the continent. The institute also released publications on governance for sustainable development and analyzed Egypt’s performance in the 2023 Sustainable Development Report.
Source:Daily News Egypt
June 24, 2024 06:04 UTC
A high-level Egyptian trade mission, organized by the Egyptian Business Council for International Cooperation (EBCCI),recently concluded a visit to Uzbekistan with the aim of bolstering economic and trade relations between the two countries. “We aim to capitalize on available opportunities in both countries, open new markets for Egyptian products, and leverage Uzbekistan’s extensive industrial expertise,” Raslan stated. The trade mission comes on the heels of increased activity in Egyptian-Uzbek relations, with high-level visits between the two countries’ leaders in recent years. These meetings served to showcase investment opportunities in both countries and explore areas for further cooperation. Raslan expressed optimism about the outcomes of the trade mission, noting that it has paved the way for potential deals,joint investments, and enhanced trade relations between Egypt and Uzbekistan.
Source:Daily News Egypt
June 23, 2024 20:29 UTC
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
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
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
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
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