The International Monetary Fund (IMF) and the Egyptian government remain in discussions over the fourth review of Egypt’s Extended Fund Facility (EFF) loan program, IMF Communications Director Julie Kozack said Thursday. Both sides are working to finalize agreements and reforms necessary to complete the review. The announcement came after the IMF concluded two weeks of in-person discussions in Cairo, led by Ivanna Vladkova Hollar, with Egyptian authorities. The talks focused on Egypt’s USD 8 billion (EGP 397.36 billion) EFF program, which has been in place since 2016. “Kristalina Georgieva, the managing director of the IMF, had a very constructive visit to Egypt that underscored the fund’s support for Egypt’s resilience and efforts to maintain its economic stability,” Kozack said during a press briefing.  The visit occurred amid heightened regional tensions that have impacted Egypt’s economic growth opportunities, she added. Earlier this year, the IMF increased its financial support for Egypt under the EFF, raising the loan amount from USD 3 billion (EGP 149.01 billion) to USD 8 billion (EGP 397.36 billion). The fund also restructured its policy strategy, a move Kozack said would save Egypt USD 800 million (EGP 39.74Continue reading "Egypt and IMF to Finalize Details on EFF Loan Review" The post Egypt and IMF to Finalize Details on EFF Loan Review first appeared on Egyptian Streets.

NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Elanco Animal Health Incorporated (NYSE: ELAN) between November 7, 2023 and June 26, 2024, both dates inclusive (the “Class Period”), of the important December 6, 2024 lead plaintiff deadline. SO WHAT: If you purchased Elanco

NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Terran Orbital Corporation (NYSE: LLAP) between August 15, 2023 and August 14, 2024, both dates inclusive (the “Class Period”), of the important November 26, 2024 lead plaintiff deadline. SO WHAT: If you purchased Terran securities during

NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AMMO, Inc. (NASDAQ: POWW) between August 19, 2020 and September 24, 2024, both dates inclusive (the “Class Period”), of the important November 29, 2024 lead plaintiff deadline. SO WHAT: If you purchased AMMO securities during

NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of stock of Metagenomi, Inc. (NASDAQ: MGX) pursuant and/or traceable to the Company’s initial public offering conducted between February 9 and 13, 2024 (the “IPO”), of the important November 25, 2024 lead plaintiff deadline. SO WHAT: If you

ISELIN, N.J., Nov. 22, 2024 (GLOBE NEWSWIRE) — A team of BASF Environmental Catalyst and Metal Solutions (ECMS) and Heesung Catalysts Corporation (HCC) scientists was recently awarded a 2024 Edison Patent Award by the Research & Development Council of New Jersey for an innovative Three-Way Conversion Nitrogen Oxide (NOx) Trap technology for fuel-cut NOx control

London CNN  —  Donald Trump is poised to enter the White House for the second time. His agenda will include overseeing the development of artificial intelligence, potentially the most powerful technology of our time. The president-elect has promised to “slash excess regulations” and tapped tech billionaire Elon Musk, another critic of government rules, to help … The post With Musk in tow, Trump eyes changes to government policies on AI and its dangers appeared first on Egypt Independent.

CNN  —  Pope Francis has said that allegations of a genocide in Gaza should be “carefully investigated” marking some of his strongest criticism yet of Israel’s war with Hamas. “According to some experts… what is happening in Gaza has the characteristics of a genocide,” Vatican News, the Holy See’s official news outlet, cited the pontiff … The post Pope Francis calls for investigation into Gaza genocide allegations appeared first on Egypt Independent.

Peshawar, Pakistan AP  —  Gunmen opened fire on vehicles carrying Shiite Muslims in Pakistan’s restive northwest on Thursday, killing at least 42 people, including six women, and wounding 20 others in one of the region’s deadliest such attacks in recent years, police said. The attack happened in Kurram, a district in Khyber Pakhtunkhwa province where … The post At least 42 killed as gunmen open fire on vehicles carrying Shiites in northwest Pakistan appeared first on Egypt Independent.

CNN  —  Israeli strikes on northern and central Gaza killed at least 87 Palestinians in 24 hours, local health authorities said, as the death toll in the enclave surpassed 44,000. At least 65 people were killed in Israeli strikes on northern Gaza overnight, a medical official in the enclave told CNN on Thursday, adding that … The post Israeli airstrikes kill at least 87 in northern and central Gaza as war death toll surpasses 44,000 appeared first on Egypt Independent.

Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty received a telephone contact from Foreign Minister of Azerbaijan Jeyhun Bayramov on Thursday. In the contact, Abdelatty said Egypt is looking forward to boosting economic cooperation and scaling up the volume of trade exchange and investments. He also added that Egypt seeks to enhance economic … The post FM says Egypt seeks to boost economic cooperation with Azerbaijan appeared first on Egypt Independent.

Minister of Social Solidarity Maya Morsi received on Thursday the First Lady of Colombia Verónica Alcocer García in the ministry’s premises in the New Administrative Capital (NAC) on Thursday 21/11/2024. The post Social Solidarity Minister receives First Lady of Colombia appeared first on Egypt Independent.

Electricity Minister Mahmoud Esmat discussed on Thursday with UAE Investment Minister Mohamed Alsuwaidi ways of enhancing partnership and investments in the electricity and renewable energy domains. In a statement, the Electricity Ministry said Esmat lauded deeply-rooted relations binding Egypt with the UAE, saying there is fruitful cooperation and successful partnerships with the UAE companies operating … The post Egypt, UAE discuss cooperation in energy domain appeared first on Egypt Independent.

يفتح جهاز التوجيه المدعوم بشبكة الجيل الخامس والواي فاي 7 الأكثر ذكاءً وإرضاءً من الناحية الجمالية في الصناعة فرصًا جديدة لمقدمي الخدمة على مستوى العالم  جوهانسبرج، جنوب أفريقيا – 22 نوفمبر 2024 – أطلقت شركة راينكس، الشركة الرائدة في حلول الوصول اللاسلكي الثابت (FWA) المدعوم بشبكة الجيل الخامس، مجموعة 101 (https://apo-opa.co/40UwYYE)، وهي منظومة متقدمة من

Prime Minister Mostafa Madbouly Thursday inaugurated the new International Camel and Equestrian Club in Kharga Oasis, New Valley governorate. The opening ceremony was attended by Minister of Youth and Sports Ashraf Sobhi, Minister of Water Resources and Irrigation Hani Seweillam and Minister of Agriculture and Land Reclamation Alaa Eddin Farouk. Also, Minister of Education and … The post PM attends opening of Int’l Camel, Equestrian Club in New Valley appeared first on Egypt Independent.

CNN  —  Russia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war. It also marks a decisive, and potentially dangerous moment in Moscow’s conflict with the West. The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure … The post Russia’s use of a nuclear-capable missile is a clear departure from Cold War doctrine of deterrence appeared first on Egypt Independent.

CNN  —  President-elect Donald Trump is considering shaking up the leadership at the FBI by firing the director and installing an experienced former agent and MAGA loyalist in the top two roles. Trump has planned for months to fire Christopher Wray if he was elected, but in recent days has struggled to find a compromise … The post Inside Trump’s dramatic potential plan to shake up the FBI appeared first on Egypt Independent.

World-renowned golfer Joaquín Niemann has praised Madinaty Golf Club, declaring its courses capable of hosting top-tier international tournaments. Niemann’s assessment follows a recent visit to the club, where he was accompanied by Omar Hisham Talaat Moustafa, Chief Business Development Officer at Talaat Moustafa Group. The club subsequently shared photographs of the tour on its official The post Niemann Praises Madinaty Golf Club; Omar Hisham Talaat Poised for Egyptian Golf Federation Presidency appeared first on Dailynewsegypt.

The much-anticipated second season of the Maven Jr. NBA League is now open for registration, offering boys and girls aged 12-15 the opportunity to develop their basketball skills in a dynamic and exciting environment. This season, the league will take place in West Cairo, providing a vibrant setting for young athletes to hone their abilities, The post Registration is Now Open for Season 2 of Maven Jr. NBA League in West Cairo appeared first on Dailynewsegypt.

Egyptian singer and actor Mohamed Ramadan is set to make history as the first Egyptian artist to perform at the 2025 Coachella Valley Music and Arts Festival. This announcement comes ahead of schedule, with Coachella revealing its full lineup on Wednesday, November 20, nearly two months earlier than usual. The festival will be headlined by Lady Gaga, Green Day, Post Malone, and Travis Scott. Coachella will return to the Empire Polo Club in Indio, California, for two weekends this spring: April 11-13 and April 18-20. The diverse lineup also includes Charli XCX, FKA twigs, Missy Elliott, Megan Thee Stallion, Tyla, Japanese Breakfast, and many others. Mohamed Ramadan took to Instagram to share his excitement about being the first Egyptian artist to perform at the iconic Coachella Valley Music and Arts Festival, stating, “Before this step, I had achieved 4.6 percent of my ambition, and now I can say I’ve reached 4.7 percent.” Arabic music has gained increasing global recognition in recent years. Artists like Cairokee and TUL8TE have received international acclaim, including coverage from the Grammys and Billboard. In 2023, Palestinian-Chilean singer Elyanna made history by performing a full setContinue reading "Mohamed Ramadan Becomes First Egyptian to Perform at Coachella 2025" The post Mohamed Ramadan Becomes First Egyptian to Perform at Coachella 2025 first appeared on Egyptian Streets.

The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, former Defense Minister Yoav Gallant, and Hamas’s military commander, the mastermind behind the 7 October attack, Mohammed Deif. The ICC’s pre-trial chamber announced its decision after rejecting Israel’s challenges to the court’s jurisdiction. The judges found “reasonable grounds” to assert that the three men “bear criminal responsibility” for alleged war crimes, including “the war crime of starvation as a method of warfare; and the crimes against humanity of murder, persecution, and other inhumane acts”, during the ongoing conflict between Israel and Hamas. Both Israel and Hamas have categorically denied the allegations. The ICC has accused Netanyahu and Gallant of authorizing actions that allegedly violated international humanitarian law during the war, though specific charges have not yet been disclosed in detail. “Taken in bad faith, the outrageous decision at the ICC has turned universal justice into a universal laughing stock,” Israel’s President Isaac Herzog criticized the decision on X. “The decision has chosen the side of terror and evil over democracy and freedom, and turned the very system of justice into a human shield for Hamas’Continue reading "Arrest Warrants Issued for Netanyahu by International Criminal Court" The post Arrest Warrants Issued for Netanyahu by International Criminal Court first appeared on Egyptian Streets.

Palm Hills has announced a partnership with Marriott International, Inc. to bring The Ritz-Carlton Residences to West Cairo. This exclusive development, located within the Palm Hills community, promises a blend of architectural elegance, high quality amenities, views of the Great Pyramids of Giza and easy access to Sphinx International Airport The Ritz-Carlton Residences, Cairo, Palm Hills will feature 150 branded residences, designed by OBMI International in collaboration with leading local and international consultants. According to a statement released by Palm Hills, the residences are planned to be set amidst lush greenery and offer a blend of urban sophistication and natural tranquility. Designed with luxury in mind, the residences will feature a host of premium amenities, including a lavish lobby, a private resident lounge, a swimming pool, and a state-of-the-art fitness center. Residents will also have access to 24-hour concierge services and enjoy Elite status in Marriott’s Bonvoy program. The residences are part of a larger development that includes The Ritz-Carlton Palm Hills hotel, which is expected to become a landmark in 6th of October City. The hotel will offer various facilities, including all-day dining options, specialty restaurants, swimming pools, aContinue reading "The Ritz-Carlton Residences Set to Debut in Cairo with Palm Hills" The post The Ritz-Carlton Residences Set to Debut in Cairo with Palm Hills first appeared on Egyptian Streets.

In a celebratory moment for Egyptian representation on the global stage, 34-year-old model, makeup artist, and TV presenter Logina Salah made history at the Miss Universe 2024 pageant held in Mexico City.  For the first time in the event’s 73-year history, an Egyptian contestant secured a place in the top 30.  A Historic Night The glitzy finale took place on  Sunday 17 November, culminating with Miss Denmark, Victoria Kjaer Theilvig, beingcrowned as the winner – a first for Denmark.  Egypt’s Salah competed against over 120 contestants.  The event featured performances by singer Robin Thicke and was hosted by Mario Lopez and former Miss Universe Olivia Culpo.  Reflecting on her achievement reaching the top 30, Salah expressed to Arab News her gratitude for the recent changes in the pageant’s rules, which now allow for greater inclusivity. “I feel like the world is getting closer to including everybody.”  This shift enabled her to pursue a long-held dream of participating in a pageant – a dream she had once set aside for her daughter. A Journey of Resilience Logina Salah’s story goes beyond beauty; it is a message of resilience. Living with vitiligoContinue reading "Logina Salah is Breaking Barriers: Egyptian Women Shine in Miss Universe Pageant History" The post Logina Salah is Breaking Barriers: Egyptian Women Shine in Miss Universe Pageant History first appeared on Egyptian Streets.

Savills Egypt has been named as “Egypt’s Best Real Estate Agency” at the Euromoney Real Estate Awards 2024. This award highlights Savills Egypt’s exceptional performance, innovation, and continued growth within the Egyptian real estate market, affirming the firm’s commitment to providing world-class advisory, and consultancy services across diverse projects. During the award review period from The post Savills Egypt wins ‘Best Real Estate Agency’ at 2024 Euromoney Real Estate Awards appeared first on Dailynewsegypt.

The Financial Regulatgory Authority (FRA), chaired by Mohamed Farid, issued Resolution No. 174 and 175 of 2024 regarding the development of quality and behavioral rules for the work of auditors registered in the Authority’s records. This is within the framework of the Authority’s vision to develop and raising the efficiency of professionals working in the The post FRA establishes quality, qehavioral standards for registered auditors appeared first on Dailynewsegypt.

The Ministry of Health and Population has issued about 3.2 million treatment decisions at a total cost of over EGP 19.2bn in the first 10 months of the year. Hossam Abdel Ghaffar, the official spokesperson for the Ministry of Health and Population, explained that the number of beneficiaries of the treatment decisions issued at the The post Health Ministry issues over 3 million treatment decisions worth EGP 19bn within 10 months appeared first on Dailynewsegypt.

The Ministry of Health in Gaza said that the Israeli occupation forces committed two massacres during the past 24 hours, leaving 13 dead and 84 injured, bringing the toll from the Israeli aggression to 43,985 deaths and 104,092 injuries. On Wednesday, the director of Kamal Adwan Hospital in northern Gaza, Hussam Abu Safiya, said that The post Israel continues bombing Gaza, Lebanon, despite ceasefire efforts appeared first on Dailynewsegypt.

A banking alliance, led by Banque Misr, provided syndicated financing worth EGP 2.8bn to Landmark Developments Company, with the participation of EG Bank and Suez Canal Bank as lenders.   the initial lead arranger, financing marketer, financing agent, security agent, account bank and lender.   The loan aims to fund part of the investment cost The post Banque Misr arranges EGP 2.8bn worth of syndicated funding to Landmark Development appeared first on Dailynewsegypt.

Prime Minister Mostafa Madbouly reiterated Egypt’s interest in nuclear energy and its peaceful applications as key part of its diversified energy strategy. He highlighted the ongoing implementation of the El Dabaa Nuclear Power Plant project as part of achieving the state’s broader sustainable development goals. Madbouly chaired the weekly Cabinet meeting on Wednesday, during which The post Nuclear power key to Egypt’s diversified energy strategy: Madbouly appeared first on Dailynewsegypt.

Egypt’s Prime Minister Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with President of the Korea International Cooperation Agency (KOICA), Chang Won-Sam, and his accompanying delegation.   The Prime Minister noted that Chang is the first KOICA President to visit Egypt since 2009, reflecting the mutual desire The post Madbouly meets KOICA president to strengthen Egypt-Korea partnership appeared first on Dailynewsegypt.

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is expected to hold its penultimate meeting of the year on Thursday to decide on key interest rates, which are critical indicators of the Egyptian pound’s short-term trends. This meeting comes amid a consensus among investment banks and analysts that the MPC will The post Strong expectations for fifth consecutive EGP interest rate hold appeared first on Dailynewsegypt.

The Central Bank of Egypt (CBE) is set to introduce a card tokenization system in the first quarter of 2025, as announced by Ehab Nasr, Assistant Sub-Governor for Payment Systems and Services, during the 11th Digital Payments, Financial Inclusion, and Digital Banking (PAFIX) Conference. The conference, part of the Cairo ICT exhibition held from 17 to 20 November held the Egypt International Exhibition Center in New Cairo, highlighted Egypt’s advancements in digital payment systems. Card tokenization replaces traditional card numbers with temporary tokens stored on digital devices or platforms. This method enhances transaction security by ensuring merchants never access the actual card details, reducing fraud risks and enabling smoother digital payments. Nasr detailed Egypt’s accelerating progress in digital payments, projecting the total value of electronic transactions to surpass EGP 22 trillion by the end of 2024—a significant increase from EGP 7 trillion in 2021. Similarly, the number of transactions is anticipated to reach six billion by year-end, up from one billion just three years earlier. Egypt’s banking sector has also seen notable expansion. By September 2024, the number of banking cards issued exceeded 67 million, marking a 30 percent growthContinue reading " Egypt’s Digital Leap: CBE to Launch Card Tokenization by 2025" The post  Egypt’s Digital Leap: CBE to Launch Card Tokenization by 2025 first appeared on Egyptian Streets.

Three years ago, in search of better opportunities, 30-year-old Egyptian scientific project manager, Mariam Mahdy, moved to France. While she found a suitable job in her field, the growing anti-immigrant sentiment in Europe made her feel unwelcome and scared. “Some people treat me as if I am a burden, taking someone else’s place,” she said. “I will never be at home in France.” Mahdy moved to Lyon, France to pursue a better education in her field, neuroscience, which has limited prospects in Egypt, according to her. She is among nine million Egyptians who live abroad and one of the 12.8 percent who live in Europe, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) 2019 report. Egyptians who migrate abroad are often motivated by economic factors and the pursuit of employment opportunities, according to the European Union Migration Drivers Report of 2022. With the core inflation rate in Egypt averaging 11.97 percent from 2005 to 2024, and the Egyptian Pound sharply depreciating this year and for the fourth time since March 2022, some Egyptians living in Egypt face economic instability and aspire to move abroad for better opportunities.Continue reading "Egyptians in Europe Live in Fear as Immigrant Policies Tighten" The post Egyptians in Europe Live in Fear as Immigrant Policies Tighten first appeared on Egyptian Streets.

As a vegetarian visiting Le Petit Chef, I was eager to see how this renowned dining establishment would accommodate my dietary preferences, especially since I had heard so much about it from friends, and was exposed to many of its ads on social media. Le Petit Chef reportedly has over 82 locations worldwide, spanning countries from Canada in the west to Germany, England, France, the UAE, and China in the east. This extensive reach is why I was so eager to try Egypt’s branch.  Located on the Four Seasons First Nile Boat along El Nile Street in Giza, the restaurant promised not just a meal, but an immersive culinary journey that combines fine dining with captivating storytelling. Upon entering, the luxurious ambiance and the beautiful Nile view set a welcoming tone. The interactive 3D display on the table immediately caught my attention, as it takes guests into a quirky world where animated chefs would guide us through each course of our meal.  This unique approach added a layer of excitement that made the dining experience feel special from the very start.  For vegetarians, Le Petit Chef offers a thoughtfully curatedContinue reading "A Vegetarian’s Delight at Le Petit Chef in Cairo: An Engaging Culinary Experience" The post A Vegetarian’s Delight at Le Petit Chef in Cairo: An Engaging Culinary Experience first appeared on Egyptian Streets.

Beltone Holding, one of the fastest growing financial institutions, has reported a groundbreaking financial performance for the first nine months of 2024, with consolidated operating revenues soaring by 405 percent year-on-year to EGP 4.8 billion and net profits skyrocketing 1,218 percent to surpass EGP 1.13 billion. The company’s net profit margin reached an impressive 23.4 percent, signaling the success of its transformation strategy. The results, announced on Monday 18 November, underscore Beltone’s exceptional financial and operational achievements, marking a significant milestone as the group crossed the EGP 1 billion profit threshold for the first time. “Achieving record net profit and crossing the EGP1 billion for the first time, is a testament to the group’s ability in delivering on its transformation strategy and to generate growth while delivering sustainable profitability,” said Dalia Khorshid, Group CEO and Managing Director of Beltone Holding, in a statement.  “This solid financial and operational performance across all business lines is a direct result of the group’s swift and adaptable data-driven business model, its fully-fledged product offering, and its extraordinary talent.” Record Growth Across All Platforms Beltone’s Non-Banking Financial Institutions (NBFIs) platform was a standout performer, withContinue reading "Beltone Holding Shatters Records with 405% Revenue Growth and 1218% Profit Surge in 2024" The post Beltone Holding Shatters Records with 405% Revenue Growth and 1218% Profit Surge in 2024 first appeared on Egyptian Streets.