CAIRO – 11 November 2023: President Abdel Fattah El-Sisi has arrived in Saudi Arabia to take part in the extraordinary joint Islamic-Arab summit in Riyadh on Saturday. The summit brings Arab and Muslim leaders to enhance consultations and coordination on the Israeli military escalation in Gaza and the Palestinians lands and unify the Arab stances toward it. Since the start of the Israeli war in Gaza, Egypt has delivered hundreds of humanitarian aid trucks to the totally besieged strip and has evacuated hundreds of foreign nationals and injured people from there. Egypt, alongside Arab countries, has been also calling for a humanitarian truce and a ceasefire in Gaza, affirming the need to return to negotiations in order to resolve the Palestinian-Israeli conflict on the basis of the two-state solution.
November 11, 2023 15:11 UTC
CAIRO - 11 November 2023: Egyptian Minister of Endowments, Dr. Mohamed Mukhtar Gomaa, praising the Egyptian role in providing humanitarian aid and receiving wounded Palestinians. He ensured that coordination is underway with the Ministry of Health to send a medical team specialized in orthopedic diseases, surgery and a nursing team, in addition to tools that enable them to carry out their tasks, from Al-Dawa Hospital, to the Gaza Strip. "We affirm our appreciation for those great stances taken by President Abdel Fattah El-Sisi, towards preserving our national security and the Palestinian issue at the same time," he said. The minister stressed that there will be no solution at the expense of the Palestinian issue, stressing the rejection of the displacement of Palestinians to Sinai. He added during his speech at the preparatory conference for the 30th International Holy Quran Competition, under the auspices of President Abdel Fattah El-Sisi, that the tragedies to which the Palestinian people are exposed are not borne by anyone, hailing the Egyptian role in providing humanitarian aid and receiving wounded Palestinians.
November 11, 2023 13:31 UTC
Marrakech – The African Development Bank (AfDB) has pledged to increase its investment in cities, recognizing their role as the continent’s economic engines. The session also included a presentation on a new report on African cities, titled From Millions to Billions: Financing the Development of African Cities, commissioned by the AfDB. The commitment to invest in cities is a welcome development, as Africa’s urban population is growing rapidly. Cities are the engines of economic growth, but they need investment in infrastructure and services to keep up with the growing demand. The AfDB and other development partners are playing a vital role in helping African cities to grow and develop in a sustainable way.
November 10, 2023 17:06 UTC
Marrakech – Experts at the Africa Investment Forum 2023 (AIF 2023) have called for investment in infrastructure, innovation, sustainable practices, and local industrial development to harness the continent’s strategic mineral wealth. Speaking at a panel session titled “Strategic Minerals: Financing a New Era of Global Prosperity,” the experts agreed that Africa is rich in strategic minerals, including rare earths, lithium, graphite, bauxite, manganese, and cobalt, all essential for modern technologies. Tshabalala said that the African Development Bank has an ever-increasing number of agreements with banks to ask them to finance women-led companies at concessional rates. Benkhadra concurred, adding that she is optimistic about the future of Africa’s strategic minerals sector, despite the challenges that lie ahead. Africa Investment Forum: Continent’s Principal Investment MarketplaceThe Africa Investment Forum is Africa’s principal investment marketplace, organized by the African Development Bank and seven partners to mobilize strategic project investments by involving the private sector.
November 10, 2023 12:54 UTC
CAIRO – 10 November 2023: Egypt’s President Abdel Fattah El-Sisi received on Friday Qatar’s Emir Sheikh Tamim bin Hamad Al Thani at Cairo International Airport. The two leaders will hold a summit in the Egyptian capital today, Egypt’s Presidential Spokesman Ahmed Fahmy said in a statement. President Sisi and Sheikh Tamim will reportedly discuss the crisis of captives being held by Hamas amid the ongoing Israeli war in the Gaza Strip, which started on 7 October. An Egyptian-Qatari mediation late in October resulted in the release of two Israeli captives Nurit Yitzhak and Yocheved Lifshitz for humanitarian and health reasons. The Israeli retaliatory war has killed around 11,000 Palestinians and injured more than 26,000 others, according to the Palestinian Health Ministry on Thursday.
November 10, 2023 09:02 UTC
African Development Bank (AfDB) President Akinwumi Adesina has called for increased investment in regional corridors to boost intra-regional trade and economic integration. However, he noted that these opportunities can only be realized through the development of infrastructure, such as regional corridors. The AfDB has been a leading investor in regional corridors, financing over $13.5bn in projects over the past seven years. These projects have helped to reduce transport costs, connect landlocked countries to coastal countries, and improve regional trade and competitiveness. A systematic approach and platform to identify and syndicate around the development of strategic regional corridors.
November 09, 2023 21:32 UTC
CAIRO - 9 November 2023: The Arab Parliament praised Egypt's position in support of the Palestinian cause, stressing that the Egyptian state, led by President Abdel Fattah El-Sisi, always aims to win Arab and humanitarian issuesRepresentative Alaa Abed, deputy of the Arab Parliament, said in exclusive statements to “Youm7”: “The stance of the Egyptian political leadership from the first moment is clear and honest, which is to support the Palestinian cause and work to revive the path of peace, the two-state solution, and the establishment of an independent State of Palestine across the borders of June 4, 1967, with its capital as East Jerusalem." The Deputy Speaker of the Arab Parliament explained that all Arabs consider Palestine as their cause, noting that President Abdel Fattah El-Sisi made and received communications showing the world’s keenness to implement a truce in the Gaza Strip. Abed stressed that President Abdel Fattah El-Sisi’s movements regarding the Palestinian issue confirm Egypt’s pivotal role, adding: “The Egyptian people stand behind President El-Sisi and back him in his decisions in supporting the Palestinian people.
November 09, 2023 21:19 UTC
CAIRO – 8 November 2023: The National Elections Authority (NEA) announced the electoral symbols of the 2024 presidential election candidates. In October, the National Election Authority announced the initial list of candidates who are set to run in the 2024 Presidential Elections two days after nominations closed. Candidates running in the upcoming elections include incumbent President Abdel Fattah El-Sisi, who has been in post since 2014 and plans to run for a third term until 2030. Former MP Ahmed Tantawi, the former head of Al-Karama (Dignity) Party, has failed to secure the required endorsements from people. Meanwhile, Head of Egypt’s liberal Constitution Party (Al-Dostour) Gameela Ismail announced withdrawing from the presidential race, citing a decision by her party.
November 09, 2023 17:41 UTC
Minister of Finance Mohamed Maait has said that Egypt is keen to support South Sudan in achieving its development goals, especially in the economic and financial fields. Maait’s remarks came during a meeting with Bak Barnaba Chol, Minister of Finance and Planning of South Sudan, and the accompanying delegation on Wednesday. Bak Barnaba Chol thanked President Abdel Fattah Al-Sisi for his support for peace, stability, and development efforts in South Sudan. Ramy Youssef, Assistant Minister of Finance for Tax Policies, said that the Egyptian government aspires to deepen cooperation with South Sudan in the field of preventing tax duplication and encouraging investment. Waleed Abdullah, Head of the General Budget Sector at the Finance Ministry, said that Egypt has succeeded in automating the preparation, implementation, and control of the general state budget using the latest global practices and advanced technologies.
November 09, 2023 17:05 UTC
CAIRO – 9 November 2023: The Egyptian Center for Strategic Studies (ECSS) issued Thursday an analytic paper titled "The Future of the Gaza Strip" bringing about insight pertinent to the aftermath of the Israeli aggression against the Palestinian enclave. The paper criticizes such perceptions for that they disregard the salience of a ceasefire, and the fact that the current Israeli military escalation in Gaza do not affect Hamas. Following Hamas’ takeover of the Gaza Strip, European Union and PA personnel withdrew. As for a sustainable solution on Gaza, the paper suggests that it has to be a Palestinian one that excludes regional and international interventions. The third is securing "institutional and financial support" to reconstruct the Strip that is still sustaining destruction by Israeli shelling.
November 09, 2023 15:04 UTC
CAIRO - 9 November 2023: The third edition of the Intra-African Trade Fair (IATF2023) kicked off Thursday in Egypt. “At IATF 2023, $43 billion worth of trade and investment deals are expected to close. Deals worth $32 billion were brokered. At Durban, deals worth some $42 billion were arranged. Participation at the IATF2023 provides potential opportunities to build new pipelines and develop businesses in non-traditional business sectors.
November 09, 2023 11:24 UTC
Washington CNN —The White House maintained Tuesday that it doesn’t believe Israeli forces should reoccupy Gaza following Israeli Prime Minister Benjamin Netanyahu comments that the country will have the “overall security responsibility” in Gaza for an “indefinite period” after the war ends. “The president still believes that a reoccupation of Gaza by Israeli forces is not good. In an interview with CBS’ “60 Minutes” last month, Biden said it would be a “big mistake” for Israel to occupy Gaza. “There will have to be an Israeli security presence, but that doesn’t mean Israel is re-occupying Gaza, that doesn’t mean that Israel is there to govern the Gazans,” he continued. “One of the things that the president made clear to the prime minister is that we’re going to continue to stand with Israel.
November 08, 2023 21:00 UTC
Marrakech – Akinwumi Adesina, President of the African Development Bank (AfDB), called for investment in Special Agro-Industrial Processing Zones (SAPZs) at the Africa Investment Forum in Marrakech, Morocco, on Wednesday. “We must end the export of raw agricultural commodities,” Adesina said. “It’s time for Africa to be a player in global food and agricultural value chains. “I call on you, the investment community here today, to take advantage of unprecedented opportunities in Africa’s increasingly dynamic and profitable food and agricultural sector,” AfDB President said. “Invest in the Special Agro-Industrial Processing Zones (SAPZs) and be part of the new wealth of Africa.”
November 08, 2023 20:12 UTC
Cairo – November 8, 2023: Egypt will launch its inaugural electronic auction for gold and silver next week, according the Assay and Weights Administration (AWA) on Tuesday. The event will place 66 gold bars and 41 silver bars for auction next Tuesday, explained Head of the AWA, Ahmed Soliman, enabled by the Egyptian Mercantile Exchange (EME) trading platform. The auction is within the government’s overall goal to diversify the ways gold is available to the public, Farag explained. Gold has been on the government’s mind lately, with a new resolution against unregistered gold trading and launching the country’s inaugural gold investment fund. In May, Egypt launched its first-ever gold investment fund, managed by a joint venture between Evolve Holding and Azimut Egypt.
November 08, 2023 15:05 UTC
As part of the EU’s continued support to people in Gaza, the Commission will provide a further €25m in humanitarian aid. This quadruples EU humanitarian assistance to over €100m for Gaza this year. Announcing the funding today, President von der Leyen said, “We are further increasing humanitarian aid to Gaza by another €25m. By doing so, the European Union would spend a total of €100m in humanitarian aid for civilians in Gaza. The operations aim to facilitate the prepositioning of aid in support of fast delivery of assistance to people in need in Gaza.
November 08, 2023 14:47 UTC