Egypt Financial News

Rabi crop, reducing shelf life of the kitchen essential. This sparked fears of supply tightness by September.

Abdel Fattah al-Sisi has pardoned a number of prisoners, including prominent Egyptian activist Ahmed Douma, the state TV said on Saturday. Douma, a leading figure in the pro-democracy revolt that toppled autocrat Hosni Mubarak in 2011, was sentenced in 2019 to 15 years in prison for rioting and attacking security forces.

Ashwini Vaishnaw on Friday addressed the G-20 Digital Innovation Alliance in Bengaluru and said that over the past decade, India's entrepreneurial landscape has undergone a remarkable transformation. «Over the past decade, India's entrepreneurial landscape has undergone a remarkable transformation. With just 500 start-ups a decade ago, today we proudly stand with over 100,000 startups and 108 unicorns.

European Union nations are resisting an updated climate pledge showing the bloc is on course to over-deliver on emissions cuts ahead of COP28, in the latest sign of concern over the pace of the green transition. The European Commission, the bloc’s executive arm, is aiming to submit by September a revised pledge showing it’s on course to slash carbon emissions by 57% by 2030, according to a draft document seen by Bloomberg. But Poland, Lithuania, Hungary, Italy, Slovakia and Romania are concerned that the figure — higher than the 55% targeted under the bloc’s green deal — is too ambitious, according to people familiar with the matter.

Bloomberg reported. Here are five things to watch as they gather Aug. 22-24 in Sandton, the business hub in the city’s wealthy northern suburbs: 1.

BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West's dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes in Ukraine, will not join leaders from Brazil, India, China and South Africa amid rifts over whether to expand the bloc to include dozens of «Global South» nations queuing up to join.

The British Museum says a member of its staff has been dismissed after items were found to be missing, stolen or damaged

Energy-rich countries across the Middle East and North Africa are struggling to keep power flowing to their own citizens during intense summer heat, with Egypt the latest to impose rolling blackouts. The outages here have prompted concerns that Cairo’s domestic gas supply is running low. Iran and Iraq, both oil exporters, are also facing blackouts as blistering temperatures envelop the region, with the thermometer reaching 122 degrees Fahrenheit in Baghdad, buckling aging power grids.

BRICS Leaders’ Summit is set to be held from 22 August to 24 August, with leaders from Brazil, South Africa, India and China expected to meet in Johannesburg. Mint looks at what is the agenda. – Leaders of the BRICS nations, minus Russian president Vladimir Putin, will meet in later this month in South Africa for the 15th Summit.

modern history. On August 14, 2013, more than 900 unarmed people sitting on a protest demonstration were killed when the military opened fire on them. Most of them were supporters of former president Mohamed Morsi, who was deposed in a military coup.

The Metropolitan Museum of Art (The Met) in New York has partnered with the popular gaming platform, Roblox, in order to offer a virtual experience for its younger audience. 

Ports, Shipping and Waterways Sarbananda Sonowal has stressed unlocking the vast potential of India's maritime sector, saying the country's strategic location and commitment to sustainable practices present unparalleled opportunities. Hosting foreign heads of missions and officials here on Friday evening, Sonowal underlined that India stands at the cusp of a maritime revolution. The event was organised ahead of the Global Maritime India Summit 2023, scheduled to be held in Delhi on October 17-19.

Ahead of the BRICS summit on August 22-24 in South Africa, Russia on Friday stated that BRICS is not aimed against anyone even in current circumstances and it even does not confront the current international economic and financial institutions, rather it is designed to supplement them. Echoing India’s thoughts Russia also stated the concept of single BRICS currency needs further study indicating that it is not in favour of rushing into single currency.

While crypto was invented to provide an alternative to the traditional banking system, converting to and from fiat currency is still necessary in many cases. And depending on local regulations, the policy of your bank, and even different cultural standards, your experience can vary greatly. So, what is the path forward to improve this situation around the globe?

CAIRO (Reuters) -Egypt's annual headline inflation rose to a new all-time high of 36.5% in July, in line with analysts' expectations, as food prices soared, data from the country's statistics agency CAPMAS showed on Thursday.

Payments firm Network International Holdings posted higher half-year revenue and profit on Thursday, buoyed by steady merchant wins and growth in its outsourced payments services business. Network International's home market the United Arab Emirates has clocked strong growth where consumer spending is high due to the region's robust tourism.

Mint. “Next step will be codeshare with Indian companies," Moussa said, adding that the airline is getting ready to initiate discussions for a codeshare as part of the strategy going forward. The airline will operate the direct flight between New Delhi and Cairo four times a week in an Airbus A320neo with a two-cabin service.

food prices rose for the first time in three months, as trade disruptions from India to the Black Sea and extreme weather stoke supply concerns anew. The United Nations’ index of food-commodity prices gained 1.3% in July, led by vegetable oil, according to a Friday report. That marks a pickup from the two-year low reached the prior month as fresh threats emerge in the supply chain.

Egypt’s Central Bank announced a new hike in interest rates as the cash-strapped North African country battles surging inflation and a depreciating currency

Netherlands coast have safely returned home while the mortal remains of one sailor who was killed in the incident are being repatriated, Indian authorities have said. An Indian crew member was killed and 20 others were injured in the fire that broke out on July 25 on board the Panama-registered ship Fremantle Highway, which was en route from Germany to Egypt. Several crew members were forced to jump overboard.

Toronto International Film Festival has revealed its diverse line-up for the Discovery and Midnight Madness programs. Featuring original and unexpected works, the Midnight Madness program offers bizarre and daring cinema, while the Discovery program showcases contemporary international cinema and emerging talents. The Midnight Madness line-up includes 10 titles, including seven World Premieres. Notable selections are “Dicks: The Musical” by Larry Charles and satirical provocations from Saudi Arabia and Serbia. On the other hand, the Discovery program presents 26 titles with a strong emphasis on World and International Premieres. An exceptional highlight is the participation of 13 female filmmakers, representing 50% of the program's total. Anita Lee, TIFF Chief Programming Officer, expressed enthusiasm, stating that the Discovery and Midnight Madness 2023 selections promise to captivate tastemakers and experience seekers.