Egypt’s Drug Authority withdraws counterfeit Betadine packages from market
The Egyptian Drug Authority announced that several 120 ml packages of the antiseptic solution Betadine circulating in the market have been found to be counterfeit, and has taken measures to recall it. The original packaging of this product was produced by the Nile Company for Mundipharma, with the withdrawal of the product based on a request submitted by the production company. The official spokesperson for the Egyptian Drug Authority Ali al-Ghamrawy said that the product is used as a disinfectant. Citizens can differentiate between the counterfeit product and the original one through an information table published by the authority, he said. He assured that Drug Authority will take all legal action against any pharmacies which do not abide by the deadline to dispose of the counterfeit drug.
Source:Egypt Independent
November 18, 2020 09:43 UTC
Egypt reports 275 new coronavirus cases, total now 111,284
Egypt’s Health Ministry on Monday confirmed 275 new coronavirus cases, bringing the country’s total up to 111,284, Ministry spokesperson Khaled Megahed announced. Sixteen deaths were announced on Monday, bringing the total number of COVID-19-related deaths to 6,481 nationwide. And 109 patients were discharged isolation hospitals, raising the nation’s total number of fully-recovered cases to 101,288. Egypt back in March imposed strict precautionary measures to curb the outbreak of coronavirus, which included setting curfews, banning large gatherings, and closing restaurants, theaters, and cinemas. Several countries have imposed full lockdown measures following a second outbreak of the virus that began in October.
Source:Egypt Independent
November 18, 2020 09:00 UTC
Egyptian Olympic team crowns international championship Champions after beating Brazil 2-1
CAIRO, 18 November 2020: The Egyptian Olympic team beat their Brazilian counterpart 2-1, in the friendly match that brought together the two parties at the Cairo International Stadium, Tuesday evening, within the framework of the friendly tournament preparations for the Olympic Games in Tokyo. The Olympic team wrote history as this is the first time for Egypt to beat Brazil in all ages. The Egyptian Olympic team presented a distinguished technical level during the confrontation, especially in the second half. The Egyptian national team had tied 0-0 in their last match against its South Korean counterpart. The formation of the Egyptian Olympic team came at the beginning of the match as follows:Goalkeeper: Mahmoud GadDefense line: Karim al-Iraqi - Muhammad Abd al-Salam - Ahmad Ramadan “Beckham”Midfield: Mahmoud Marei - Karim Fouad - Akram Tawfiq - Ammar Hamdy - Nasser Maher.
Source:Egypt Today
November 18, 2020 07:18 UTC
Egypt defeat Togo 3-1 & lead Group G in AFCON qualifiers
The Egyptian national team was visiting Togo to meet them at the Kigui Stadium in the fourth qualifying round for the 2021 African Cup of Nations. Mahmoud Hassan "Trezeguet" completed the Egyptian national team goals in the 52nd minute. Togo scored its only goal in the second minute of stoppage time through Nai Fadji. Egypt scored five goals and conceded two goals, while the Comoros national team scored four and conceded two goals. During the next international break in March, the Egyptian national team will host Kenya and the Comoros Islands in the last round.
Source:Egypt Today
November 18, 2020 06:33 UTC
Egyptian Ballet dancer Ahmed Yehia and his wife Anja Ahcin to perform at world-renowned competition in Italy
Egyptian ballet dancer Ahmed Yehia and his wife Anja Ahcin will participate in the seventh edition of the International Ballet and Contemporary Dance Competition, Domenico Modugno, in Lecce, Italy from January 15-17, 2021. Yehia and his wife will take the stage along with a group of dancers from several countries around the world in the event, which primarily serves as a networking opportunity for young dancers, teachers, and dance companies. The three-day function includes live performances and workshops for the dancers. Due to the coronavirus pandemic, this year’s shows will be broadcasted on social networking sites. Yehia, the first ballet dancer in the Egyptian national troupe, announced via Facebook that he was happy to have been chosen and his wife to participate in this important ceremony, adding that he would publish a link for the show a few days before it’s date, so Egyptians can enjoy the show.
Source:Egypt Independent
November 17, 2020 12:11 UTC
Fabio Abraham: The Dreams Hunter
The Italian actor of Egyptian origins Fabio Abraham is about to embark upon this great challenge, portraying Nasser in an upcoming docudrama produced by CNN and entitled Jerusalem. Abraham immigrated to London in 2002; and since then, he has managed to carve his name in British and international cinema. Along with me in the same festival, there was the great actor Mostafa Shaaban and the lovely actress Wafaa El-Hakeem. You faced numerous difficulties at the beginning of your acting career; how did you manage to overcome them? Tell us more about this project; and to what extent are you enthusiastic to debut your acting career in Egypt?
Source:Egypt Today
November 17, 2020 12:11 UTC
Egypt's central bank agrees to extend term of its repo financing facility with syndicate of int'l banks
CAIRO – 17 November 2020: The Central Bank of Egypt announced that it has agreed to a 1.5-year extension of the original 4.5-year repurchase transaction originally entered into on October 10th, 2018 with a consortium of international banks. As the result, the overall maturity of the transaction will be of 6 years. “The transaction has been unanimously supported by the current consortium of banks,” CBE clarified. CBE noted that this decision came as it has been approached by a number of syndicate members, proposing to extend the term of a repurchase transaction originally entered into on October 10th, 2018 with a consortium of international banks. The decision came after a careful consideration of the proposal, which is consistent with the CBE’s objective of enhancing its liability management by extending the duration of its debt structure, according to the statement.
Source:Egypt Today
November 17, 2020 11:37 UTC
Egypt's central bank to keep interest rates unchanged in coming meetings: Standard Chartered to ET
CAIRO – 17 November 2020: Standard Chartered Bank expected the Central Bank of Egypt (CBE) to keep interest rates unchanged in coming meetings, Director, Economist MENAP & Turkey, Financial Markets at the Bank Carla Slim, told Egypt Today (ET). Slim clarified that this anticipation comes as inflation is expected to pick-up gradually back towards the CBE’s 9 percent (+/-3 percent) target. Regarding CBE’s latest decision to cut rates by 50 basis, the Economist noted that the cut came in line with Standard Chartered consensus expectations. “In the meantime, annual core inflation increased to 3.9 percent in October 2020 up from 3.3 percentin September 2020. Nevertheless, annual inflation rates continued to reflect muted inflationary pressures,” it added.
Source:Egypt Today
November 17, 2020 10:30 UTC
Egypt registers 242 infections, 12 fatalities
A member of the medical staff shows a used sample container at a test centre for coronavirus disease (COVID-19) at Havelhoehe community hospital in Berlin, Germany, April 6, 2020. REUTERSCAIRO - 17 November 2020: Egypt's Ministry of Health announced on Monday in a statement that 242 new coronavirus cases were detected, upping the total number of confirmed cases in the country to 111,009. According to a spokesman for the Health Ministry Khaled Megahed,12 patients have died from the virus over the past 24 hours, raising the overall death toll to 6,465 since the outset of the pandemic. Egypt ranks 49th among world countries in terms of recovery rates (93.2 percent), and ranks 141st in the world in terms of total infections per one million people, (1,016 infections per 1 million). Then, they will wait for one year along with the measurement of antibodies of the volunteers, and then manufacture the vaccine.
Source:Egypt Today
November 17, 2020 09:33 UTC
Egypt's pomegranate exports reach almost 83K in 2020 ranking 5th
CAIRO – 17 November 2020: A report by the Central Administration for Agricultural Quarantine indicated that Egypt's exports of pomegranate recorded since the beginning of 2020 until November 4, 82,866 tons to be the fifth most exported crop. In a similar context, Egypt ranked third globally in 2019 in the exports of dried onion with a total of 13.6 tons. The Egyptian onion exports in 2019 reached $ 30.4 million, representing 8.1% of the total global exports of dried onions in 2019, according to data released by the UN's International Trade Center (ITC). The Netherlands (29%), Germany (25%), Japan (13%), the US (4%) and Croatia (4%) are Egypt's top dried onion importers. The returns of agricultural exports increased by 20 percent in 2019 compared to 2009, and vegetable exports increased by 40 percent over the same period.
Source:Egypt Today
November 17, 2020 09:22 UTC
Global skydiving festival holds 3rd edition at Giza Pyramids
The third edition of the annual international skydiving festival “Jump Like a Pharaoh” launched on top of the Giza pyramids, Youm7 reported. The festival was organized under the supervision of Mostafa Saeed, the Chairman of the Board of Directors of Skydive Egypt company, and Mahmoud Sharaf, co-founder of Skydive Egypt. Ninety people representing 19 countries around the world participated in the event. Photo and video credit: IOANNIS VLACHIOTIS Facebook account
Source:Egypt Independent
November 16, 2020 15:45 UTC
Egypt takes legal action against drivers, shops for violating COVID-19 measures
Egypt’s Interior Ministry announced Monday that it has begun taking legal action against 4,975 public transport drivers for not wearing facemasks, as well as issuing 474 tickets towards shops that violated closure times. The Egyptian cabinet issued preventive measures to protect citizens and limit the spread of the coronavirus which include ordering all public transport drivers to wear facemasks and shops to abide by mandatory closing times. New government-imposed opening hours on shops, restaurants, cafes, and malls will be imposed starting December 1, Cabinet spokesperson Nader Saad said on Wednesday during an interview with Sada al-Balad’s Azza Mostafa. The Cabinet will soon announce its plan, according to Saad, as the details have yet to be ironed out. He clarified on Wednesday that restaurants and cafes will likely be allowed to stay open later than shops, up to midnight in some cases.
Source:Egypt Independent
November 16, 2020 12:00 UTC
Egypt's central bank issues LE 11B in T-bonds Monday
CAIRO – 16 November 2020: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued LE 11 billion in treasury bonds on Monday, Nov. 11. The T-bonds were offered in three installments, with the first valued at LE 2.5 billion with a two-year term, and the second worth LE 5 billion with a five-year term. The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday, Nov. 12, to cut the overnight deposit rate, overnight lending rate, and the rate of the main operation by 50 basis points to 8.25 percent, 9.25 percent, and 8.75 percent, respectively. Moreover, the discount rate was also cut by 50 basis points to 8.75 percent. Egypt's 2020/2021 draft budget aims to reduce public debt of GDP to 82.7 percent by end of June 2021, up from earlier target of 82.5 percent by the end of June 2020 and to 77.5 percent by the end of June 2022.
Source:Egypt Today
November 16, 2020 08:03 UTC
Mild weather across Egypt on Monday
Meteorologists predict mild weather at Cairo, Lower Egypt, northern Upper Egypt, and the northern coasts, while moderate on South Sinai and southern Upper Egypt during daytime on Monday. The weather will grow cold across most parts of the country by night and moderately cold on South Sinai. Mist will affect visibility during the morning hours at some areas of Cairo and Lowe Egypt. Waves in the Mediterranean Sea will be low to moderate ranging between one and 1.5 meters in height. Waves in the Red Sea will be moderate, ranging between 1.5 and two meters in height.
Source:Egypt Independent
November 15, 2020 15:33 UTC
Gold prices decline by LE30 as price of an ounce falls
Gold prices on Sunday declined by LE30 as the price of an ounce of gold fell to US$65 in global stock exchanges following US pharmaceutical company Pfizer’s announcement of a coronavirus vaccine by April 2021, the al-Borsa website reported. An ounce had started the week at at $1952 and fell to $1887, he said. He added that 24 caliber gold was LE939, 18 caliber was LE704 while a gold pound was LE6,596. Michel said that prices rose as a result of rising coronavirus cases, and investors are still waiting for market movements amid fears that some countries will impose further lockdowns. The stimulus packages to be applied in the US to confront the pandemic will raise prices up and direct investors to buy gold due to decline of the US dollar and rising inflation rates, he explained.
Source:Egypt Independent
November 15, 2020 13:41 UTC