Saudi Arabia, Egypt sign agreement on PIF investment in Egypt

The Saudi State Minister and Cabinet member for Shura Council Affairs , Dr. Essam bin Saad bin Saeed, and the Egyptian Minister of Planning and Economic Development, Dr. Hala Al-Saeed, who is also Chairman of the Board of Directors of the Sovereign Fund of Egypt, signed an agreement concerning the Public Investment Fund’s investment ( PIF ) in Egypt in the presence of Egyptian Prime Minister Dr. Mostafa Madbouly. In consideration of the desire to strengthen economic ties between the two countries, and based on the directives of both nations’ l…

UAE, Egypt, Bahrain & Morocco FMs attend Negev Summit in Israel

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, participated in the Negev Summit, which began its activities in the southern Negev Desert, upon an invitation from Yair Lapid, Minister of Foreign Affairs of Israel . Other participants in the summit were Antony Blinken, US Secretary of State; Sameh Shoukry, Minister of Foreign Affairs of Egypt; Nasser Bourita, Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates of Morocco; and Dr. Abdullatif bin Rashid Al Zayani …

Tuberculosis cases in Egypt fall to 11 per 100,000 people: Health Ministry

The incidence rate of tuberculosis in Egypt decreased from 15,000 cases per 100,000 people in 2015 to only 11 cases in 2021, according to the Egyptian Ministry of Health . World Tuberculosis Day is observed by the World Health Organization (WHO) every year on 24 March. Egypt’s national tuberculosis control program provides early detection services through 33 hospitals and 131 chest clinics across all governorates, Health Ministry spokesman Hossam Abdel Ghaffar said. All health facilities are equipped with necessary diagnostic and therapeutic …

Bread prices to remain stable despite inflation, providing relief to Egyptians

Following the Russian conflict, Egyptian food prices rose 4.6% month-on-month in February, and core inflation soared to 7.2% year-on-year from 6.3% in January. Meanwhile, global wheat prices jumped to their highest level since 2012 and despite this, Egypt has set a ceiling on bread prices, relieving its citizens from the burden. The bulk of the grain imports for several Middle Eastern countries come from Russia and Ukraine, two of the world’s top grain exporters. Russia’s invasion of Ukraine caused some bakeries in Egypt to raise their prices …

Egyptian pound declines sharply as CBE raises interest rate by 1%

During an extraordinary meeting, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to raise interest rates by 1% to 9.25% for depositing, 10.25% for lending, and 9.75% for the credit and discount rates, as well as the main operation price. After the decision, the official price of the USD at the Central Bank of Egypt (CBE) rose to EGP 18.1519 for buying and EGP 18.2884 for selling, compared to Sunday’s EGP 15.6484 and EGP 15.7786 – an increase between EGP 2.5035 and EGP 2.5098. CBE’s Governor Tarek Amer said the p…

Klopp makes abrupt statement about renewal of Mo Salah’s contract

Liverpool coach Jurgen Klopp surprised Mo Salah’s fans with an abrupt statement about the Egyptian star and Liverpool striker, saying the club has done all it could to renew Salah’s contract with Liverpool. Media reports revealed new developments related to negotiations for the renewal of Salah’s contract. “We can’t do much more, that’s the way it is. During the meantime, it is pretty much Mo’s decision. I think the club did what it could. I don’t have anything more to say on the subject, it is exactly the way it should be,” Klopp said at a pr…

Samsung will manufacture tablets for high school students in Egypt

The Minister of Education and Technical Education Tarek Shawky announced that Samsung’s international factory in Egypt will manufacture all educational tablets to be distributed to Egyptian high school students starting in September 2022. Shawky estimates that 40 percent of the components used by the factory are locally made using Egyptian labor. The ministry has been working on digitizing the entire education system, while providing a more engaging learning experience that depends on interactive exercises, rather than memorization. Shawky exp…

US Senate approves sale of $2.2 billion C130 military planes to Egypt

By a majority vote of 81 to 18 the US Senate approved the sale of C130 military aircraft to Egypt worth US$2.2 billion, despite human rights concerns. Earlier in September 2021, US Secretary of State Antony Blinken announced $130 million in military aid to Egypt would be delayed unless human rights were improved. Aid under that tranche comprised $300 million, subject to human rights improvements and the strengthening of the rule of law. The first bill to try and cancel the deal was introduced by Republican Senator Rand Paul, but it failed terr…

Egypt and Qatar discuss enhancing bilateral ties at a Cairo meeting

The Egyptian Ministry of Foreign Affairs reported talks between Egypt and Qatar in Cairo to discuss enhancing bilateral ties and regional issues. At the headquarters of the Egyptian Foreign Ministry, Assistant Egyptian Foreign Minister for Arab Affairs Alaa Moussa met with Mohammed bin Abdulaziz bin Saleh, Assistant Qatari Foreign Minister for Regional Affairs. The two sides discussed ways of boosting bilateral relations, the statement said. Topics of mutual interest and regional issues were also discussed. In January last year, during the 41s…

Egyptian bill calls for psychological and medical exams before marriage

In Egypt, a member of the parliament proposed that couples preparing to marry undergo medical and psychological examinations as a pre-requisite. A report published by Psychology Today recommends taking a psychological test because many couples who marry end up divorcing. According to the Central Agency for Public Mobilization and Statistics (CAPMAS), 120,000 divorces took place in Egypt in 2020. According to the report, a psychological test should cover a number of important items, including how the parties deal with stress due to relatives’ i…

Celebration of 35th Armed Forces cultural symposium on Martyr’s Day

On the occasion of Martyrs’ Day, Egypt’s President Abdel Fattah Al-Sisi honored the families of the members of the Armed Forces who were killed in action in the line of duty. In his remarks to the audience, he explained: “On this day, we commemorate a memory dear to our hearts: men who believed in the promise and sacrificed everything for the sake of their homelands; dignified and proud, with their heads held high.” “The truth is that evil people – regardless of how horrible, cruel, stupid, and ignorant their actions and aggression are – canno…

Al-Sisi and Putin discuss Ukrainian crisis on phone call

Egypt’s president Abdel Fattah Al-Sisi spoke with his Russian counterpart Vladimir Putin, during which he stressed the importance of open dialogue in the Russian-Ukrainian crisis. Bassam Rady, the presidential spokesperson, said both leaders discussed the crisis’ latest developments. Al-Sisi emphasized Egypt’s support for all diplomatic efforts aimed at reducing the deterioration of the crisis and maintaining international security and stability. Egypt also affirmed its readiness to support this initiative through its active efforts, both bila…

Egypt’s President El-Sisi arrives in Riyadh on a state visit

President Abdel Fattah El-Sisi is in Riyadh on an official visit, the Presidency’s spokesman said. These developments are in line with the deep Egyptian-Saudi relations and the brotherly relations and co-operation between the two countries at all levels. President El-Sisi will meet with King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, and Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Prime Minister and Minister of Defense of the Kingdom of Saudi Arabia. Discussions will focus not only on the close bilatera…

Experience the future of car design with immersive gaming technology

E.C.D. Automotive Design (E.C.D.) introduces its latest groundbreaking innovation in its bespoke luxury car design process. Positioning itself on the cutting edge of virtual trends within the automotive industry, E.C.D. now crafts a photorealistic design video of each client’s unique custom build, allowing them to visualize their dream car months ahead of completion. Created with 3D creation tool Unreal Engine by Epic Games, the lifelike animation with dynamic physics and lighting effects looks like something out of a film or video game. Click…

Egyptian students from Ukraine arrive at Cairo International Airport

Following their evacuation from Ukraine, a group of Egyptian students has arrived at Cairo International Airport. There are still several Egyptian students who need to be brought home. During a phone-in, Salah Abdel Sadek, the Assistant to the Minister of Foreign Affairs for Immigration and Consular Affairs, reported that 466 Egyptian students have left Ukraine and remain in neighboring countries. The breakdown is 373 students in Romania, and 93 others in Slovakia. The diplomat noted that those will be flown back on the jets that will transpor…

The Egyptian football team prepares for a revenge match against Senegal

The coaching staff of the Egyptian national football team addressed all professional Egyptian players overseas, in preparation for the final stage of the 2022 World Cup qualifiers against Senegal on March 25 and 29. In February, Egypt lost to Senegal in the final of the 2021 African Cup of Nations. On February 6, Egypt was defeated 2-4 on penalties by Senegal in the final match of the tournament at the Paul Biya Stadium in the capital of Cameroon, Yaounde. In compliance with regulations, Egypt’s coach Carlos Queiroz summoned all the profession…

President Sisi reviews preparations for Egypt’s hosting of COP 27

During a meeting with Prime Minister Mostafa Madbouly and several ministers, President Abdel Fattah Al-Sisi discussed the work of Egypt’s high ministerial committee for preparing for COP 27 in Sharm El-Sheikh next November. As a result, the president directed that all necessary resources be mobilized to equip Sharm El-Sheikh at the highest level and that stakeholders continue to coordinate their efforts so this global event can take place. In addition, he said that hosting the 27th Conference of the Parties on Climate Change (COP 27) would ref…

Sahar Nasr joins the board of directors of Helios Fairfax

Sahar Nasr has been named independent director of Helios Fairfax Partners Corporation. She is the first Egyptian and African woman to be appointed to the High-Level Advisory Board of the United Nations Social Impact Fund. Sahar Nasr is an Associate Professor at the School of Business, Department of Economics at the American University of Cairo in Egypt, as well as the Al-Yamamah University in Riyadh, Saudi Arabia. In 2015, Ms. Nasr was sworn in as Egypt’s Minister of International Cooperation; in 2017, she was sworn in as Egypt’s Minister of I…

President of Egypt inaugurates housing, road projects in Greater Cairo

A number of national projects in the housing and road sectors were inaugurated by video in Greater Cairo by Egypt’s President Abdel Fattah El-Sisi. The president used his video address from the Sixth of October City to inaugurate housing projects in newly-built cities in Giza to provide thousands of homes for Egyptians. Additionally, the city of Sixth of October is building a health club, as well as several roads and bridges. Egypt has invested more than 400 million Egyptian pounds in new cities around Cairo, including 220 million pounds to up…

Egypt welcomes UN Security Council resolution against Houthis

In a UN Security Council resolution on Yemen, Egypt condemned the cross-border attacks of the Iran-backed Houthis against civilians and civil infrastructure in Saudi Arabia and the United Arab Emirates (UAE) and called for an immediate ceasefire. The Egyptian Foreign Ministry Spokesperson, Ahmed Hafez, expressed Egypt’s appreciation for the extension of the measures and sanctions imposed by the Security Council resolutions on the Yemeni crisis in an official statement. Egyptian authorities have also welcomed the expansion of the arms embargo o…

FIFA has thrown Russia out of the World Cup in Qatar

FIFA and UEFA have announced that, following the initial decisions adopted by the FIFA Council and the UEFA Executive Committee, all Russian teams, whether national representative teams or club teams, will be suspended from participating in both FIFA and UEFA competitions until further notice including the forthcoming FIFA World Cup in Qatar. These decisions were made by the Bureau of the FIFA Council and the Executive Committee of UEFA, respectively the highest decision-making bodies in both institutions. Football is fully united here and in …