Egypt Financial News

BAKU: As ministers take over at the climate talks in the Azerbaijani capital, all eyes are on Rio, where the leaders of the G20 are meeting. The first week of the UN climate summit closed with the scheduled assembly late on Saturday night that lasted a little over three hours, ending at around half hour past midnight. The divergences among countries on important issues, such as finance and the path forward on the outcomes of last year's global stock take, and the absence of trust became apparent as countries took the floor to air their views. On some issues such as loss and damage and adaptation, and mitigation work programme the absence of trust and compromise among countries was such that «Rule 16» was invoked. Rule 16 refers to a provision which is used when countries can't even agree to produce an outcome that puts on record the discussions and divergent views. As a result, countries will have to begin their discussions all over again when they meet in Bonn in the summer. The lack of trust most evident on the issue of how countries propose to address and implement the decisions on emission reduction and energy transition agreed to in Dubai and the lack of any real progress on making available climate finance to developing countries.

Shalini Passi, the season's new entry from Delhi has become the unexpected star of reality TV show Fabulous Lives of Bollywood Wives (FLBW). Since its release in mid-October, articles have been devoted to cuts of her blouses. Even Kapil Sharma gushes over her on his show, calling her a 'machhli'. In this post-shame world of reality TV, where everyone is letting it all hang out — from Victoria Beckham's WAG lifestyle to Dubai Bling's idle elite — it's intriguing to find someone who stands out by holding on to something resembling values. Passi's debut sees her descending a marble staircase in couture, dressed as Cleopatra no less, referencing ancient Egyptian iconography by holding daggers — even though she may not know that Cleopatra is typically shown with daggers only in death. The detail is telling: Passi resists the 'lady who lunches' label, though she may well be one. She trains in dance and singing, collects art, and even dabbles in painting — though her portrait of journalist Ruchika Mehta didn't quite resemble its subject. Perhaps she was going for something else.

Gaza ceasefire and hostage deal and warned Hamas that its Doha office «no longer serves its purpose», a diplomatic source told AFP on Saturday.

Subscribe to enjoy similar stories. New Delhi: India plans to leverage its climate commitments to pitch for grants and concessional loans, instead of investments for the Global South, at the upcoming climate negotiations in Baku, two people aware of the matter said. This comes on the backdrop of the global loss and damage fund agreed upon at the Egypt accord and operationalised at COP28 failing to gain traction.

Hamas official said Friday the group received a proposal from mediators Egypt and Qatar for a short-term truce in Gaza and rejected it for not including a lasting ceasefire. «The proposals do not include a permanent cessation of aggression, nor do they entail the withdrawal of the Israeli army from the Gaza Strip or the return of displaced persons,» the official, a member of Hamas's political bureau, told on condition of anonymity as he was not authorised to speak publicly on the issue. A senior Hamas leader, Taher al-Nunu, had already warned on Thursday that the group would reject any proposal for a temporary halt to the fighting.

Boo!!! Did I scare you? If not, sit back, take a sip of your favourite beverage and get ready for some spooky tax stories for Halloween.

Subscribe to enjoy similar stories. TEL AVIV—Israel’s parliament passed legislation to sever ties with the United Nations agency for Palestinian refugees, curtailing its ability to work in Gaza and the West Bank at a time when it is leading the humanitarian response to the war in Gaza. The laws passed late Monday effectively ban Unrwa—known formally as the United Nations Relief and Works Agency for Palestine Refugees in the Near East—from operating in Israeli territory and forbid Israeli state authorities from having contact with it.

Benjamin Netanyahu said he's open to a short truce in the country's war with Hamas that would lead to the release of a small number of the around 100 hostages still held by the militant group in Gaza. Netanyahu's remarks followed a meeting between his top negotiator and senior Qatari and US officials in Doha on Monday, aimed at reviving stalled cease-fire talks following Israel's killing of Hamas leader Yahya Sinwar this month. Discussions centered on a plan proposed by Egypt, one of the mediators between the warring sides. Egyptian President Abdel-Fattah El-Sisi on Sunday proposed a two-day suspension of hostilities and the freeing of four hostages in exchange for a number of Palestinians held in Israeli prisons.

Subscribe to enjoy similar stories. With every restaurant opening, there seems to be a renewed focus on aesthetics, signifying they’re catering to diners who eat with their camera first. This month, one of the pioneers of the Instagram café phenomenon unveiled its first outlet in India.

Israeli hostages for some Palestinian prisoners, the Times of Israel reported. This proposal, which includes an additional 10 days of negotiations following the release of the hostages, was presented to Israel's national security cabinet last week by Israeli Security Agency Shin Bet chief Ronen Bar, Times of Israel reported citing Channel 12. While most ministers and security officials supported the idea, Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir opposed it.

Microsoft has fired two employees who organized an unauthorized vigil at the company’s headquarters for Palestinians killed in Gaza during Israel’s yearlong war with Hamas

Subscribe to enjoy similar stories. U.S., Arab and Israeli officials are planning to meet this weekend in Qatar to renew talks over a cease-fire in the war in Gaza, with mediators proposing a short-term pause in fighting that could build toward a permanent agreement. Negotiators are skeptical of a breakthrough in the talks, which are scheduled for Sunday in Doha.

The Israeli army has accused six Al Jazeera journalists covering the war in Gaza of also being current or former paid fighters for Palestinian militant groups

Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to challenge Western global clout

Xi Jinping said Wednesday that the ongoing BRICS summit here has decided to invite a number of nations to become partner countries and called on the grouping to actively respond to the requests of countries of the Global South to join the bloc. BRICS consisting of Brazil, Russia, India, China and South Africa has now expanded with five additional members — Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. In his speech addressing the 16th BRICS Summit, Xi said the summit has decided to invite a number of nations to become partner countries, China's state-run Xinhua news agency reported. He hailed the decision as another important development in the course of BRICS development.

United Nations agencies have long warned that it could take decades to rebuild Gaza after Israel's offensive against Hamas, one of the deadliest and most destructive military campaigns since World War II. Now, more than a year into the war, a new report speaks in terms of centuries. The U.N. Conference on Trade and Development said in a report released Monday that if the war ends tomorrow and Gaza returns to the status quo before Hamas' Oct. 7, 2023, attack on Israel, it could take 350 years for its battered economy to return to its precarious prewar level.

BRICS Summit 2024 at Kazan in Russia will be watched keenly by the United States. The BRIC grouping, including Brazil, Russia, India, and China, was formally started in 2006. In 2009, the first BRIC Summit was held in Russia.

China’s Xi Jinping, India’s Narendra Modi and other global leaders have arrived in the Russian city of Kazan for a summit of the BRICS bloc of developing economies that the Kremlin hopes to turn into a rallying point for defying the Western liberal order

Subscribe to enjoy similar stories. Modern China is a superpower with its roots in a guerrilla army. This helps explain its self-interested responses to crises, including the turmoil now raging in the Middle East.

Xi Jinping on Tuesday left for Russia to attend the BRICS summit where he is expected to meet leaders of the member countries, including Prime Minister Narendra Modi on the sidelines. Xi will articulate China's vision for «greater cooperation» of the BRICS bloc, which has now expanded to 10 members, and «open a new era for the Global South to seek strength through solidarity» at the three day summit. The summit of Brazil, Russia, India, China and South Africa (BRICS), which now has expanded with five additional members Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, is being held in the Russian city of Kazan, about 900 km east of Moscow, from October 22 to 24. Xi left Beijing for the 16th BRICS Summit in Kazan at the invitation of Russian President Vladimir Putin, state-run Xinhua news agency reported.