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[l] at 2/5/23 4:43am
Due to the global economic changes and crises, the World Youth Forum (WYF) announced on Saturday, 4 January that this year’s 5th edition will not be held in its usual annual format at Sharm El Sheikh. Instead, the WYF’s budget will be directed to the implementation of five important development initiatives. The WYF launched in 2017 under the auspices of President Abdel Fattah Al-Sisi as a chance for youth to engage with policymakers and for participants from all over the world to network and to discuss a variety of issues, including climate changes, social security, entrepreneurship, among others. Previous editions of the WYF have seen a range of government leaders, academic experts, innovators, international young leaders, and inspiring youth fly to Sharm El-Sheikh to participate in discussions and panels. The packages and initiatives that will be implemented include five important projects. The first initiatives will be launched to support entrepreneurship and small medium enterprise (SME)s, with a focus on assisting entrepreneurs in starting their businesses or increasing the volume of their activities through business incubators and training programs. This initiative will be carried out in cooperation with the Ebda initiative for the development of Egyptian industry, the Haya Karima Foundation, the Federation of Egyptian Industries, Entlaq company, the United Nations Industrial Development Organization, the United Nations Development Program, and the International Labor Organization. The second initiative will be the ‘Learning to Earning’ initiative, which aims to qualify Egyptian, Arab, African, and expirate youth to the labor market and empower their employability skills. The initiative will be implemented in cooperation with the United Nations Children’s Fund and the National Training Academy. The third initiative will address food security challenges by offering support programs to food industries in Egypt and Africa. Ebda, the National Alliance for Civil Development Work, Haya Karima Foundation, and the Food and Agriculture Organization are participating in the implementation of this program. The WYF is also instigating a mental health support program, which aims to provide psychological support, health, and community care, especially to refugees, migrants, and those arriving to Egypt from conflict zones, wars. The initiative will be implemented in cooperation with the newly-established “Fahim” Foundation and the World Health Organization (WHO). The fifth initiative is the Empower Refugees and Migrants initiative which aims to enhance their [migrants and refugees] integration into the educational system, accessible health care services, and social protection programs. This will be implemented in conjunction with the United Nations High Commissioner for Refugees in Egypt, the International Organization for Migration, Save the Children, and the Red Cross Foundation. The WYF will also be launching the World Youth Platform for Volunteers, which will serve to promote volunteering culture as well as support volunteers to participate in humanitarian and development work, targeting poor and countries affected by wars, conflicts, or climate change. This will be implemented in cooperation with Haya Karima Foundation, the National Alliance for Civil Development Work, the Arab Voluntary Union, and the United Nations Volunteers program.The post World Youth Forum Redirects 5th Edition Budget to Development Initiatives first appeared on Egyptian Streets.

[Category: News, african, Al-Sisi, arab, budget, Cairo, diplomacy, egypt, fathom foundation, featured, haya karma, initiatives, international, middle east, projects, russia ukraine, strategic partnership, unhcr, united nations, wfp, who, world youth forum, WYF]

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[l] at 2/5/23 4:15am
Photo credit: Al-Monitor In the first article in the series Egyconomy by Egyptian Streets, Marina Makary explores current trends and debunks popular misconceptions surrounding the Egyptian economy. Since March 2021, Egypt has been struggling with a shortage of hard currency. With multiple devaluations, in March 2022, October 2022, and January 2023, the country has been forced to impose restrictions on imports and banks have repeatedly implemented regulations to spending abroad. Today, the Egyptian pound currently stands at 30.2 against the US dollar. While the value of the Egyptian pound continues to plummet, the exchange rate of the US dollar continues to rise — especially in the ‘black market’. According to Investopedia, the world’s leading source of financial content, the black market is economic activity that takes place outside government-supervised channels to avoid taxes and price controls. A term that emerged after World War I, the black market describes trade that happens in secret, unrecorded. Whether money, weapons, drugs, or even essential commodities, the black market consists of any products or services that are difficult to attain through conventional channels. The question is: how is this negatively affecting Egypts economy? Most people buy from the black market because the product or service that they want is difficult to attain legally — in Egypt’s case, US dollars. Whether for investment purposes or to save up some money, Egyptians approach the black market to buy US dollars since their value keeps increasing, in contrast with the ailing Egyptian pound. An illegal form of trade, Egypt’s black market has been flourishing because exchanges for foreign currency have been taking place at an unofficial rate, usually higher due to demand exceeding supply. Instead of giving US dollars to Egyptian banks, those who have foreign currency would be inclined to sell it in the black market for a higher exchange rate. Hence, the banks’ source of foreign currency decreases, making it difficult and almost impossible for them to utilize this money for imports. These transactions have a direct effect on Egypt’s foreign currency reserves, which would usually be used to import essential commodities such as food and medicine. Photo credit: Forbes The Central Bank of Egypt (CBE) has repeatedly issued warnings against fake currency exchange to control US dollar reserves in Egypt. Abusive use of Egyptian credit and debit cards abroad have recently been outlawed due to the CBE’s latest regulations. Despite being punishable by law, trade in Egypt’s black market continues to flourish. In Egypt, foreign currency exchange is only legal through exchange companies and banks. The punishment ranges between six months to three years imprisonment, and a EGP 1 million to EGP 5 million fine. With three devaluations in less than one year, Egypt continues to struggle to narrow the gap between the Egyptian pound’s value in the black market and official exchange rates. Subscribe to the Egyptian Streets’ weekly newsletter! Catch up on the latest news, arts & culture headlines, exclusive features and more stories that matter, delivered straight to your inbox by clicking here.The post Explainer: What is the Black Market and How Does it Affect Egypt’s Economy? first appeared on Egyptian Streets.

[Category: Business & Technology, Buzz, black market, CBE, central bank of egypt, EGP, egypt, egyptian black market, egyptian consumers, egyptian economy, egyptian pound, egyptians, exchange, featured, foreign currency, foreign currency exchange, foreign currency reserves, us dollar, usd]

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[l] at 2/4/23 12:46pm
Photo credit: Mohamed Khairat As 2022 was coming to a close, social media platforms suddenly became flooded with ‘art’ generated by artificial intelligence (AI), realistic photographs of people fully fabricated through AI, and – one of the most impressive and controversial developments yet: ChatGPT. The field of AI experienced exponential development in recent years. Whether in the building of data models for more tailored e-commerce marketing, or the image processing self-driving cars rely on to move through the roads, the tech industry has been leaning heavily on what this particular branch of technology has to offer. But what has caused this most recent stir, is the rise in complex AI tools accessible to the layperson. While Siri, Alexa, and similar AI-powered companions have been around for nearly a decade and a half, their ability to set a reminder or Google a question pales in comparison to the new, uncannily human-like abilities that have more recently come to the fore. Developed by the company OpenAI, ChatGPT describes itself as “an AI-powered language model developed by OpenAI that has been trained on a massive dataset to generate human-like text. It can answer questions, generate creative writing, summarize long text, and perform various other language-related tasks.” Open AI explains that it is designed to “answer followup questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests.” It can be asked anything and it will formulate a response; from “What time is it?” to “Write me a research paper on the rise of short-form video media.” So far, ChatGPT has been unavailable in Egypt, but users have been accessing it through virtual private networks (VPNs) to discover its extraordinary potential. Egyptian Streets had a chat with the tool, asking it questions to try to understand whether there are applications for its abilities that could be useful in Egypt. Here is what it said. What should Egyptians know about you? Egyptians should know the following about me: I am an AI-powered language model developed by OpenAI. I am trained on a massive dataset to generate human-like text and respond to questions in a variety of languages, including English and Arabic. I can be used for a wide range of language-related tasks, such as answering questions, generating creative writing, summarizing text, and more. While I can generate high-quality text, its important to be aware of my limitations and the fact that I do not have personal experiences or emotions. The responses I generate are not always accurate or complete, and users should always verify information before relying on it. Overall, I am a tool designed to assist and enhance human communication, but I should not be relied on as a substitute for human judgment and expertise How could ChatGPT benefit Egypt? ChatGPT could benefit Egypt in a number of ways, including: Customer Service: ChatGPT could be used to automate customer service tasks, reducing wait times and improving the overall customer experience. Education: ChatGPT could be used to provide educational support, answering questions and providing explanations in real-time. Business Process Automation: ChatGPT could help automate repetitive tasks in various industries, freeing up employees to focus on more value-added tasks. Language Translation: ChatGPT could assist with real-time translation, facilitating communication between people who speak different languages. Healthcare: ChatGPT could help provide basic medical information and support to patients, assisting healthcare professionals and reducing wait times in clinics and hospitals. These are just a few examples of how ChatGPT could be used to benefit Egypt, but the possibilities are virtually endless. Does ChatGPT access and process information that is in Arabic? Or is it currently limited to English? Yes, ChatGPT can process information in Arabic. OpenAI has trained the model on a variety of languages, including English and Arabic, and the model can generate and respond to text in these languages. However, the quality of the models output in a particular language may vary based on the amount of training data it has seen for that language. Many people in Egypt work in customer service. Will the increased use of ChatGPT result in job loss in Egypt? It is possible that the increased use of ChatGPT could result in job loss in the customer service sector in Egypt. AI-powered language models like ChatGPT have the potential to automate many tasks that were previously performed by humans, including some customer service tasks. This could lead to a reduction in the demand for customer service workers and result in job loss. However, its important to note that the impact of AI and chatbots on employment will likely be complex and vary depending on the specific circumstances. While some jobs may be automated, others may be created as a result of the increased use of these technologies. Additionally, the increased efficiency and cost savings resulting from the use of ChatGPT could drive economic growth, leading to the creation of new jobs in other areas. Its also worth noting that the impact of AI and chatbots on employment will not be limited to Egypt, but will be a global issue. It will be important for governments, businesses, and individuals to work together to ensure that the benefits of these technologies are shared widely and that those who are impacted by job loss are supported through this transition. Can ChatGPT help to tackle social and cultural issues in Egypt? If so, how? ChatGPT can potentially help address social and cultural issues in Egypt in a number of ways, including: Raising Awareness: ChatGPT can be used to generate educational content and spread awareness about important social and cultural issues in Egypt. Providing Information: ChatGPT can be used as a source of information for people seeking answers to questions about social and cultural issues. Encouraging Dialogue: ChatGPT can be used to facilitate online discussions and debates about social and cultural issues, helping to promote understanding and encourage positive change. Improving Access to Services: ChatGPT can be used to automate certain tasks and improve access to services related to social and cultural issues, such as mental health support. However, its important to note that the effectiveness of ChatGPT in addressing social and cultural issues will depend on how it is used and the quality of the data it was trained on. In addition, it will require the involvement of a wider range of stakeholders, including governments, NGOs, and communities, to address social and cultural issues effectively. What does ChatGPT think are the most pressing issues facing Egyptians today? As an AI language model, I do not have personal opinions or emotions. I do not think in the same way that humans do. However, I can provide information on some of the most pressing issues facing Egyptians today based on data and information that I was trained on. Some of the most pressing issues facing Egyptians today include: Unemployment: High levels of unemployment and underemployment are a major concern for many Egyptians, particularly among young people. Economic Inequality: There is a growing income gap between rich and poor Egyptians, which is contributing to increased social and economic insecurity. Corruption: Corruption is a widespread issue in Egypt and is seen by many as a major obstacle to economic and social progress. Healthcare: Access to quality healthcare remains a challenge for many Egyptians, particularly those living in rural and remote areas. These are just a few examples of the pressing issues facing Egyptians today, but there are many others that are also important. Its important for Egyptians and their leaders to work together to address these challenges and create a brighter future for the country. How can ChatGPT be used by the Egyptian government to address these issues? The Egyptian government can use ChatGPT in several ways to address pressing issues facing the country, including: Providing Information: ChatGPT can be used by the government to provide citizens with accurate, up-to-date information on social and economic policies, as well as to respond to questions and concerns from the public. Improving Service Delivery: ChatGPT can be used to automate certain tasks, such as processing requests for government services, reducing wait times, and improving access to services. Monitoring and Analyzing Public Opinion: ChatGPT can be used to analyze and understand public opinion on a variety of issues, helping the government to identify key concerns and tailor its policies and programs accordingly. Encouraging Citizen Participation: ChatGPT can be used to engage citizens in online discussions and debates on important issues, encouraging them to participate in the democratic process and have their voices heard. Facilitating Communication: ChatGPT can be used to facilitate communication between the government and citizens, helping to bridge the gap between the two and build trust. While ChatGPT has the potential to be a valuable tool for the Egyptian government in addressing pressing issues, it is important to remember that it is just one part of a larger solution and should be used in conjunction with other strategies and approaches. What does ChatGPT mean for entrepreneurs and startups in Egypt? ChatGPT can be a valuable tool for entrepreneurs and startups in Egypt by helping them automate customer support, generating creative ideas, and enhancing their natural language processing abilities. Entrepreneurs and startups can use ChatGPT to answer common customer queries, reduce response time and improve overall customer satisfaction. Additionally, startups can leverage ChatGPTs language generation capabilities for content creation, social media management, and email outreach. This can free up time for entrepreneurs to focus on other critical aspects of their businesses. However, it is important to note that while ChatGPT can be a useful tool, it should not replace human interaction and decision-making completely. How about for the Egyptian news media industry and journalism? ChatGPT can potentially benefit the Egyptian news media industry and journalism in a number of ways. For instance, it can assist in news gathering and verification by automatically generating summaries of articles or reports. This can save time for journalists and allow them to cover more stories. Additionally, ChatGPT can assist in content creation by generating articles, news summaries or even entire stories based on specific topics or prompts. This can be particularly useful in breaking news situations where time is of the essence. ChatGPT can also be used for sentiment analysis, which can provide insights into public opinion on specific issues. This information can be used by journalists and news organizations to better understand their audience and create content that is relevant and impactful. However, it is important to note that the use of ChatGPT should be approached with caution in the field of journalism. The accuracy and reliability of generated content should be thoroughly verified before publication to ensure the integrity of journalism and prevent the spread of false information. Can ChatGPT be used for nefarious means too? Yes, ChatGPT can be used for nefarious purposes, just like any other technology. For example, it could be used to generate fake news, impersonate individuals online, or spread misinformation. Additionally, the use of AI-powered language models such as ChatGPT can also perpetuate existing biases and discriminatory attitudes, particularly if the model has been trained on biased data. Its important for individuals, organizations, and governments to be aware of these risks and to take steps to mitigate them. This can include using trusted sources of data for training language models, applying ethical guidelines for their development and use, and educating the public about how to critically evaluate the information generated by AI systems. Overall, its important to approach the use of ChatGPT and other AI language models with caution, while also recognizing the potential benefits they can offer. Will ChatGPT lead to an increase of plagiarism? It is possible that ChatGPT could contribute to an increase in plagiarism if people misuse it. The ability of the model to generate high-quality, human-like text can make it easier for individuals to produce written work that is not original. However, its important to note that plagiarism is unethical and can have serious consequences. Its up to individuals and organizations to use language models like ChatGPT responsibly and to ensure that they are not misusing them to produce work that is not their own. In addition, its important to educate people on the dangers of plagiarism and the importance of original work. How can we tell if information provided by ChatGPT is real or fake? As an AI language model, I can generate a wide range of responses to questions, including false information. Here are some ways to help determine the accuracy of information provided by ChatGPT or other AI systems: Check multiple sources: Its always a good idea to cross-check information with other sources to get a more complete and accurate picture. Look for evidence: When evaluating information, its important to look for sources that provide evidence to support their claims. Be skeptical of sensational headlines: AI systems can generate headlines that are intended to grab attention, but may not accurately reflect the content of the information. Fact-check: Use fact-checking websites or tools to verify the accuracy of information. Verify the source: Be wary of information from unknown or unreliable sources. Use common sense: If something seems too good to be true or contradicts what you already know, its a good idea to approach it with skepticism. These are just a few examples of how to evaluate the accuracy of information provided by AI systems like ChatGPT, but the best approach is to use a combination of these strategies to ensure the highest level of accuracy. What are Egyptians today best known for? Egyptians today are best known for their rich cultural heritage and history, their contributions to the fields of science, medicine, and mathematics, as well as their contributions to the arts, including literature, music, and dance. Egyptians are also known for their hospitality and warmth towards visitors, their strong sense of community, and their love of food, including traditional dishes such as koshari, ful medames, and shawarma. Egypt is also known for its strategic location, being a key crossroads between Africa, Asia, and Europe, as well as its important role in the Arab world and the larger international community. Egyptians are also known for their resilience and determination in the face of political, economic, and social challenges, as well as their deep commitment to their faith and their families. Whats one fun fact about Egypt not many people know? One fun fact about Egypt that not many people know is that the ancient Egyptians were known for their love of board games. Some of the most popular games played in ancient Egypt included senet, mehen, and hounds and jackals. These games were played by people of all ages and social classes and were often depicted in Egyptian art. In fact, archaeological excavations have uncovered game boards and pieces in tombs and other ancient sites, providing a glimpse into the leisure activities of the ancient Egyptians. So the next time you play a board game, you can thank the ancient Egyptians for their love of the game!The post We Asked ChatGPT What it Means for Egypt first appeared on Egyptian Streets.

[Category: Business & Technology, academia, academic integrity, academics, AI, Alexa, artificial intelligence, autonomous driving, chatgpt, customer service sector, data model, disinformation, e-commerce, e-commerce marketing, education, egypt, Egyptian government, entrepreneurship, fact-checking, fake news, featured, government, language model, marketing, microsoft, misinformation, OpenAI, plagiarism, self-driving cars, siri, social change, social issues]

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[l] at 2/3/23 5:56am
The Head of the Sovereignty Council, General Abdel Fattah Al-Burhan, with the Israeli Foreign Minister Eli Cohen. | Photo Credit: Al Ahram Online Israel’s foreign minister, Eli Cohen, held talks in Sudan on 2 February with the Sudanese Head of Sovereignty Council, seeking to revive plans for full diplomatic ties between both states.The Sovereignty Council stated that it intended to pursue “fruitful relations with Israel,” which included cooperation in various sectors such as security and military. The BBC noted that this “historic peace agreement” will be signed in Washington DC, in a few months’ time. Sudanese officials also highlighted the importance of maintaining “stability between Israel and the Palestinian people.” However, their statements made no mention of opening embassies in either state. Cohen is the first Israeli foreign minister to have officially visited Sudan, meeting with his counterpart Ali al-Sadiq on Thursday. “It has been agreed to move towards the normalisation of relations,” the Sudanese foreign ministry stated, following Cohen and al-Sadiq’s meeting. Israel and Sudan are now motioning towards a “peace agreement,” according to Cohen. “I’m happy to announce that during the visit, we have agreed to sign a peace agreement between Sudan and Israel,” Cohen said. Normalisation agreements with Israel have increased across the Middle East and North Africa (MENA), starting in 2020 when Sudan agreed to such an agreement alongside Morocco, Bahrain, and the United Arab Emirates (UAE). This was part of the United States-brokered ‘Abraham Accords’ which seeks to establish full diplomatic ties across the region. While there is no immediate comment from Israel, Prime Minister Benjamin Netanyahu noted that Israel will “continu[e] to expand the circle of peace with additional countries both near and far.” According to Al Ahram, a breakthrough in Sudan could potentially aid Netanyahu in deflecting attention from the recent surge of Israeli-Palestinian violence. Although Sudan does not possess the wealth or influence of fellow Arab countries, such as the UAE and Bahrain, an agreement with an African country, aside from Egypt, would be a significant achievement. For years, Sudan was a fierce and outspoken critic of Israel and as such, the United States deemed Sudan a state sponsor of terrorism in 1993. It was the Trump cabinet who removed Sudan from the list in 2020, in an attempt to aid the country’s worsening economy and pariah status, providing an incentive to normalise relations with Israel.The post Sudan and Israel to Revive “Full Diplomatic Ties” in Normalisation Agreement first appeared on Egyptian Streets.

[Category: News, Politics and Society, Benjamin Netanyahu, diplomacy, diplomatic ties, Eli Cohen, featured, General Abdel Fattah Al-Burhan, international affairs, israel, MENA, middle eastern affairs, peace agreement, sudan]

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[l] at 2/3/23 2:19am
Source: Daily News Egypt Egypt’s visual culture is distinctively multidimensional, though what remains relatively unknown to the public is the fact that Egyptian women are the brain behind many of the visual designs that encapsulate Egypt’s identity. Many villages in Egypt are home to unique crafts that are nearly going extinct due to negligence and lack of support; one example is Akhmim village, located in Sohag governorate, which is famous for its high-quality wool and linen textiles. These textiles and crafts were manufactured  with the intron of of developing a certain aesthetic, as they symbolized more than just a means to earn income, but to transfer legacies of creative expression of women. According to Noha Ali Radwan, lecturer at Beni Suef university in the department of textile printing, Egyptian women, who brought about the creation of these visual designs, did not receive adequate attention or recognition for their work, nor enough research on how their aesthetic prints can serve as a source of contemporary design. Akhmim’s creative expression   Women in Akhmim. Source: Daily News Egypt Unlike Cairo, Egypt’s villages are only partially and slowly unaffected by modern changes and influences, such as urbanization. Carrying the power to extend us across the boundaries of time, Upper Egypt’s villages hold the seeds of Egypt’s civilization and many industries, as it is one of the only remaining tangible evidence of Egypt’s past. From traditional crafts to cultivating crops, such as the Egyptian cotton, Egyptian villages have gained widespread fame for their textiles, agriculture and embroidery, which also featured many symbols and scenes from rural life, saints and martyrs. During the ancient Egyptian, periods, Akhmim was an ancient city that was often regarded as the centre for hand woven textiles. Throughout the Roman, Coptic, and Islamic periods, Akhmims renowned reputation for hand-loomed cotton and linen persisted. Women artists in Akhmim use the spontaneity technique to reflect objects or landscapes from their environment in a manner that is not too rigid or susceptible to templates, and is instead guided solely by simplicity, personal daily life, and traditions. Surrounded by ancient Egyptian monuments and inscriptions in the village, Egyptian women were also largely influenced by their heritage, which impacted their imagination and artistic spirit. These women artists visual experiences have been greatly enriched by the paintings that capture the distinctiveness of the rural environment through its language of trees, rivers, flowers, palm trees, animals, and birds in all their forms, as well as landscapes of fields and farms. From left to right: Ayda Kamal, Cotton harvesting (1997), and Amal Elia, On the river Nile (2010). For instance, in one hanging textile artwork , Egyptian artist Ayda Kamal beautifully depicts cotton harvesting in Egypt by women in the Akhmim village. Distinguished by its simplistic and spontaneous style, the painting uses softer colours and shapes, while focusing instead on the connection between the women farmers and their rural environment. Another embroidery by Egyptian artist Amal Elia illustrates more strongly the connection between rural inhabitants and their natural environment, bringing to life the vibrancy of rural Egypt through a distinctive aesthetic that highlights the greenery of Egypt. In her research, Radwan points out that Egypt can continue to benefit and honor the artistic heritage of Egyptian women artists, who have played an important role in influencing Egypt’s visual culture and identity through their embroidery and design. Rather than simply document these artistic works, Radwan goes even further by proposing to to blend traditional visual art with modern textile printing designs, which still preserve Egypt’s distinctive visual identity. Through this blend, Egypt’s visual culture defines an artistic process that forges connections with nature, women, heritage and identity.The post How Women Shaped the Visual Culture in Egypt first appeared on Egyptian Streets.

[Category: Buzz, art, egypt, egypt textile, fashion, featured, hand embroidery, textiles]

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[l] at 2/2/23 6:28am
Source: Pixabay For millions of families, many of them low-income, remittances are a crucial source of financial security. Global migration continues to increase everyday, with over 258 million individuals today residing outside of their country of birth. With the devaluation of the Egyptian pound (reaching 30 EGP against the US dollar in January), there is an increasing likelihood that the difficult circumstances in Egypt will trigger more migration. Desperate and vulnerable are the only correct terms to describe the situation of many low-income Egyptians today. Numbers, graphs, and media headlines alone do not show the full picture of the struggles that have intensified over the past year, with the Egyptian pound now devalued by more than 70 percent since March 2022. Everything, down to Egypt’s most affordable meal, koshary, is now also becoming more expensive. Against these circumstances, Egyptians abroad cannot afford to pay high transfer fees or spend days waiting for remittances to be sent back home to their families. For low-wage labourers, the money they send back home is a lifeline for their communities back home, helping them pay school or university fees and buy homes. Big money transfer companies like Western Union have dominated the market, yet these companies alone do not respond to the needs of migrants or students living abroad. But there are new technologies that can not only help reduce the cost, but also the convenience of sending money abroad. So, can countries begin to capitalise on digital remittances? Global slowdown  The daunting economic landscape I mention is not found in Egypt alone. The world is currently in a state of deep polycrisis: several economic shocks – from food insecurity, to climate change and conflict – are deeply entangled together, meaning that one crisis in one sector will, inevitably, create a ripple effect across all sectors. This is most evidently seen in the financial crisis currently unfolding. According to the World Bank’s most recent 2023 report, as a result of the rise of interest rates by central banks around the world, emerging market and developing economy policymakers will have to be prepared to handle any potential spillovers from a tightening of global policies. Even if policymakers manage to cushion the impact of inflation, they will still have to face the looming forces of climate change. Starving for innovation? At times, one feels as if we are losing track of time. Events that may have seemed too far-fetched to happen soon are already happening before anyone can be prepared for it. Yet it is not just the economy that is slowing down, but also innovation. According to Simon Kuper’s insightful Financial Times 2023 column, innovation has largely enriched big tech giants rather than solved any real social and economic challenges. The world is ‘starving’ for innovation – for transformative solutions that are deeply concerned with people’s problems and needs. But in this time of concurrent crises, there is no other opportune time for innovation. From artificial intelligence, to Web3, and new climate technologies, there are tremendous opportunities for policymakers to use and benefit from, particularly when it comes to enhancing government services. South Korea, for example, is already making significant strides by launching the Digital Platform Government, which aims to innovate in government operations, moving towards a “people-centred government”, where services are highly personalised and tailored to citizens’ specific needs. The one-stop government breaks down the barriers among ministries, and provides integrated services through open and transparent data sharing among ministers. Though not all countries can apply similar policies, due to their different socioeconomic circumstances, emerging economies such as Egypt will need to keep pace with the rapidly evolving trends occurring today. As per the graph below by the World Bank, the number of internet users in Egypt has been steadily increasing, with 70 percent of the population using the internet in 2020. This implies that the demand for digital solutions will not only rise, as more people become accustomed to digital behaviour, but also that there are opportunities for financial inclusion that can be enhanced through digitalization. In Egypt, remittances from Egyptians expatriates increased by about 6.4 percent or USD 1.9 billionbn (EGP 56 billionbn) in 2021. In 2020, Egypt was among the top five remittance recipient countries, receiving USD 29.60 billion (EGP 729 billion); it had the largest number of people living abroad from the Africa region, followed by Morocco, South Sudan, Sudan, Somalia and Algeria. Digital remittances can help reduce the cost of remittance services. This trend kicked off in the late 2000s, when the World Bank and Bank for International Settlements released the General Principles for International Remittance Services. Afterwards, the UN Sustainable Development Goals (SDGs) set a target for cost reduction to be lower than 3 percent by 2030. Currently, it stands at around 6.94 percent, which is far from the target that should be achieved. As a result of these developments, mobile technology was seen as an innovative solution to reduce remittance expenses by half, according to a study on mobile money transfers conducted by the GSMA (the trade group of mobile operators). The average cost of sending a digital remittance is just 3.93 percent, which is less than half the cost of traditional remittances, according to research from PayPal and Xoom. Moreover, the changing nature of work and the rise of cost of living implies that there is a greater likelihood that people will not stay in one workplace for a long time, and will most likely pursue multiple opportunities. The World Economic Forum’s Global Risks Report 2023 cites large-scale involuntary migration as one of the top risks that will last in the next 10 years. With the rise of migration, policymakers will need to find innovative ways to close the gap between families that are separated across borders. Remittances are expected to continue to outpace foreign direct investment flows to low and middle-income nations, according to the United Nations Capital Development Fund. The majority of formal remittances are carried out through cash in/cash out infrastructure, such as ATMs and bank branches, which means that it can often be a lengthy and expensive process, as family members need to first go to a money transfer outlet to pay a fee to send money to their families back home. Remittance transaction fees around the world average seven percent, more than double the three percent aim set forth in the UN’s Sustainable Development Goals (target 10.c). For instance, many migrants or students are unable to open a bank account, as they cannot provide sufficient documentation to open a bank account in their new country, which makes it difficult for them to directly transfer money. Another issue is that some countries impose limits on foreign currency withdrawals, and with the extra fees that have to be paid, it can be a very lengthy and costly process. According to the World Banks senior economist for remittances and migration, Dilip Ratha, people are reducing their own expenditure in order to continue sending money to their families. They do this by reducing their consumption, skipping meals, splitting the cost of housing with others, taking on more jobs, and sleeping less. To avoid these costly and lengthy cash-based methods, remittances can turn towards digital channels in order to reduce costs, improve accessibility and ease, and encourage transparency. The United Nations Capital Development Fund recommends that remittances must be fully digitised from beginning to end. Migrants can get paid digitally from their employers and transfer money to their family back home, who can then keep and use that money digitally. Digitisation is the key to offering other essential financial services, such as insurance, credit, savings, and investments, in addition to making remittances safer, more convenient, faster, and less expensive. As remittances largely contribute to the GDP (8.4 percent of Egypts GDP by the end of 2021), and is one of the most important sources of foreign currency, Egypt’s policymakers and entrepreneurs can capitalise on digital channels and open platforms that can better connect citizens living abroad with their families, and thereby, improve livelihoods. This is a chance for rising entrepreneurs to innovatively create new platforms that will facilitate remittance flows and, more importantly, help people feel more financially secure through the help of technology and digitization.The post Can Digital Remittances Improve Financial Security in Egypt? first appeared on Egyptian Streets.

[Category: Feature, economic egypt, economy, egypt, Egypt economy, feature, featured, financial security, living abroad, migrants, news, refugees, remittances]

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[l] at 2/2/23 3:13am
Source: AFP On 1 February, a fire took hold of the Noor Mohammadi charity hospital in Cairo’s Matariya neighbourhood, killing at least three people and injuring 32. The Ministry of Health states that the fire’s source was pinpointed to the hospital’s radiology department, although no cause was identified in the statement. Firefighters were, however, able to put out the blaze, according to provincial authorities. Egypt’s Health Minister, Khaled Abdel Ghaffar, noted that injured victims suffered from burns, fractures, and smoke inhalation. They were admitted to hospitals across Cairo, though Ghaffar also insisted that the casualty number was preliminary and was liable to increase. Fire safety regulations in Egypt have been brought into question in recent years, both for community lots and private entities. Earlier in August 2022, a fire broke out in the Abu Sefein Church located in Imbaba, Giza, reportedly resulting in 41 deaths and 14 injured. Similarly, in April 2022, another fire broke out at the Al-Ahly Sporting Club in Nasr City, with authorities struggling to contain the flames.The post Cairo Charity Hospital Catches Fire, Kills 3 and Injures 32 first appeared on Egyptian Streets.

[Category: News, ambulance, Cairo, egypt, featured, fire, fires, khaled abdel-ghaffar, ministry of health egypt]

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[l] at 2/1/23 6:55am
Photo credit: Worlds 50 Best Restaurants The World’s 50 Best has released a 2023 list of the Middle East and North Africa’s (MENA) most appreciated restaurants, with four Egyptian restaurants making the cut: Zööba, Kazoku, Sachi Cairo, and Reif Kushiyaki Cairo.   View this post on Instagram   A post shared by The Worlds 50 Best Restaurants (@theworlds50best) The World’s 50 Best has celebrated restaurants from across the globe, seeking to explore culinary innovation and diversity since 2002. Curated by over a thousand experts, with a thorough auditing structure, their lists are annual snapshots into some of the finest gastronomical experiences worldwide. At #9: Zööba Zooba is rooted in showcasing the best, most authentic version of Egyptian cuisine. With fresh and clean ingredients, Zooba is a direct window into the simplest forms of the Egyptian experience: street food. Today, Zooba is a global chain, with branches in the United States, the Kingdom of Saudi Arabia, and locally in Egypt. Zooba’s main branch is located in Zamalek, Cairo. At #12: Kazoku Kazoku, denoting the concept of ‘family’ in Japanese culture, seeks to serve up authentic dishes inspired by Japanese culinary history. Founded by Ayman Baky and team-led by chef Mostafa Gabr, Kazoku’s menu offers several delectables, from Thai curry, to pyramid uramaki rolls and shrimp tempura. As only one piece of Baky’s gastronomic ventures, Kazoku sits alongside both Sachi and Reif Kushiyaki under Baky Hospitality. Kazoku is located in Second New Cairo. At #30: Sachi Cairo Different from Zööba and Kazoku, Sachi samples flavours from a variety of Mediterranean and African locales. From the well-loved, and much-sought South African Chateaubriand steak, to appetisers such as tuna tartare with avocado and orange ponzu, and octopus carpaccio: Sachi presents an experience in and of itself. Sachi Cairo is located in Heliopolis. At #45: Reif Kushiyaki Cairo Although “Dubai-born, Japanese-inspired”, Reif Kushiyaki has found a welcome home in Egypt. The name comes from the Japanese word kushi meaning skewers, and is a nod to the restaurant’s specialty of skewered grills. In the same vein, the name is also an allusion to robatayaki, a century-old cooking technique most commonly used by fishermen in the north of Japan. With ramen bowls and several seafood options, there is room for experimentation. Though, unsurprisingly, Reif’s signature dish is the kushiyaki, which comes in three portions. Reif Kushiyaki Cairo is located in Waterway, New Cairo.The post 4 Egyptian Restaurants Make it to MENA’s Top 50 first appeared on Egyptian Streets.

[Category: Listicle, News, egypt, featured, food, gastronomy, Kazoku, list, news, Reif Kushiyaki, restaurants, Sachi, top 50, world's top 50 restaurants, zooba]

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[l] at 2/1/23 5:22am
Lately, the fast fashion industry has been reeling. As the cost of living rises and awareness of sustainable behavior spreads, more and more people are steering away from trends and leaning towards enduring investments. Despite years of fast fashion ingraining ever-changing trends into consumers’ minds, many are tired of the overflowing wardrobes, decision fatigue, and unnecessary spending. ‘Capsule wardrobes’ have become more common on social media because they are centered around the idea of sustainability and minimalism. But what is a capsule wardrobe? The idea of a capsule wardrobe has existed in the fashion industry for a long time, but now more than ever, the concept is timely, because consumers have become more inclined to maximize their outfits with minimal items in their closet. Crafting a capsule wardrobe essentially means filling consumers wardrobes with timeless pieces that stand the test of time—and trends. The notion has become more common because a capsule wardrobe has many benefits, including sustainability, lessening decision fatigue, and saving money. The practice of keeping a capsule wardrobe can be simplified in four ways: understanding one’s personal style, decluttering closets regularly, remixing and alternating items, and shopping intentionally. “First and foremost, I believe every woman should own the perfect white button-down,” explains British designer Misha Nono, who famously created the ultimate closet with just eight items. “Then, find your perfect silhouettes of skirts and tailored trousers that fit and flatter. Stick with neutral colors such as black, white, and navy. Theyre professional and are always in style. For casual looks, find the perfect tee and buy it in a few colors to pair with your favorite denim.” Egyptian designers have been making strides in Egypt’s fashion frontier, with numerous brands dominating the fashion scene—both locally and internationally. For those seeking to move to the capsule approach, these Egyptian fashion brands offer classic tops, expertly tailored pants, blazers, and classic jeans. With warm hues, basic and versatile items, anyone can build a locally-sourced capsule wardrobe that offers a wide array of combinations with a minimum of items. COATS BLAZERS TAILORED PANTS CLASSIC JEANS BASIC TOPS SHIRTS KNITWEAR SWEATSHIRTS BAGS The post How to Build a Capsule Wardrobe with Local Egyptian Brands first appeared on Egyptian Streets.

[Category: Buzz, blazer, Cairo, capsule wardrobe, coat, culture, egypt, fashion, fashion industry, fast fashion trends, featured, jeans, middle east, minimal, shirts, social media, sustaianble, tiktok, trench coat, wardrobe, white tshirt]

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[l] at 2/1/23 3:09am
Photo credit: Ahram Online Street vendors selling red roses, clothing shops flashing red, and gift shops promoting stuffed hearts and teddy bears: we are approaching the month of love. Yet, with rising prices and financial uncertainty looming over the Egyptian public, few Egyptians actually have the mental space to look up their Valentine’s day plans. Nevertheless, instead of resorting to fancy dining and expensive gifts, there are many budget-friendly ways to celebrate love in your own way, and still make it special. DIY gift There are numerous tutorials on YouTube on ways to make a special homemade gift box, heart shaped cookies, a unique Valentine’s day card, a creative romantic movie basket, among others. This gift will be both special and personalized according to the preferences of your partner. Granted, it will probably cost as much as needed to procure the equipment, materials or ingredients, but a home-made gift is almost always guaranteed to be more memorable and appreciated over a store bought one. We particularly recommend these two. Picnic Since this winter has not been as cold as previous ones, and the weather is ideal for spending the day out, there are many green outdoor areas that can be perfect for a customized picnic. Whether in Zamalek’s Al Horreya Garden, Wadi Degla Protectorate, or Helwan’s Japanese Botanical Garden, preparing mini sandwiches, drinks, and a board game can make for a memorable (and romantic) picnic day. Movie night One can never get bored of movie nights, but a Valentine’s Day movie night, with your favorite romantic movie, pizza, and some snacks will make this Valentine’s day extra special even with a very low budget. Bonus points if you make some warm hot chocolate to stay warm. A special mention goes to the numerous romance and comedy movies, in Egyptian cinema, that can be watched on the occasion: the Blazing Sun (1954), She Lived for Love (1958), Cairo Station (1959), Snakes and Ladders (2001), Girls’ love (2004), and Love Story (2019). Love Story movie posterPhoto credit: Behance Framing a special picture Most of us rarely have time to frame our pictures or hang them on the wall, and it can take years for us to make that move simply due to laziness. Before Valentine’s day, pick one of your favorite pictures with your significant other, or a few for a collage, print them, and put them in a beautiful frame. You will only need to pay for the printing and the frame, but the memories that frame will bring will be worth it. Make a meal from scratch together It can be tempting to go out and splurge in fancy restaurants, but we live in the DIY age where a meticulously homemade meal can go a long way. One way to make the occasion special is to get together and cook a fancy meal from scratch: recipes of gnocchi (and all kinds of pasta) as well as step-by-step guides for making your own sushi are abundant on the internet and, bar for a few special ingredients, rely on kitchen staples. Pair with wine, or any beverage of your choice, some candles, music and much gusto for a pleasant evening in. Subscribe to the Egyptian Streets’ weekly newsletter! Catch up on the latest news, arts & culture headlines, exclusive features and more stories that matter, delivered straight to your inbox by clicking here.The post Celebrating Valentine’s Day on a Budget: Egypt Edition first appeared on Egyptian Streets.

[Category: Business & Technology, Listicle, egypt, egyptians, featured, love, movie night, picnic, romance, romantic egyptian movies, romantic movies, valentine, valentine gifts, valentine's day]

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[l] at 2/1/23 2:24am
A scene from OVO (Source: Cirque du Soleil press kit) The world-renowned Cirque du Soleil’s OVO is coming to Cairo for its Egyptian premiere in March 2023, announced Egyptian creative agency Dino Activations. OVO is a colorful ode to the beauty of nature and biodiversity, featuring some of the circus’ most popular flagship tricks. Its diversity extends to the vibrant ensemble bringing the show to life: with a cast comprising 100 performers from 25 countries, the performance is the largest of the company’s shows to be performed in Egypt. Founded in 1984 as a group of 20 street performers in Montreal, Canada, Cirque du Soleil has since grown into the world’s largest contemporary circus show producer, employing 1300 artists from nearly fifty countries. To date, the company’s shows have been performed in over sixty countries, attracting more than 200 million spectators worldwide. OVO is Cirque du Soleil’s 25th production. Created in celebration of the company’s 25th anniversary in 2009, it now counts among its most beloved and has been performed over 2000 times to the delight of audiences in twenty six countries. Founder and Chairman of Dino Activations, Mohamed Amer, expressed the agency’s commitment to “bringing the world’s most popular and largest circus performances to Egyptians, providing them with spectacular productions full of joy and buzzing experiences.” Dino Activations is an Egyptian brand activation agency. Established in 2010, the agency works to bring international entertainment experiences to Egypt, including a recent production of Disney on Ice. OVO will be performed twice a day at the Cairo International Stadium in Nasr City, from 8 to 11 March, and again from 14 to 19 March. Tickets can be purchased through Tazkarti. Prices range from EGP 800 to 4500, and early bird registration has been extended to Sunday, 5 February for a 20 percent discount on all tickets.The post Cirque du Soleil’s OVO is Coming to Egypt for the First Time first appeared on Egyptian Streets.

[Category: Arts & Culture, News, Cairo, Cairo International Stadium, circus, cirque du soleil, events, featured, OVO]

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[l] at 1/31/23 8:10am
Photo credit: Asharq Al-awsat The Chairman of the Federation of Egyptian Banks and Banque Misr, Mohamed El-Etreby, revealed on Monday 31 January that the 25 percent and 22.5 percent saving certificates of deposit (CDs) offered by Banque Misr and the National Bank of Egypt (NBE), collected a total of EGP 460 billion. With an annual interest of 25 percent spent at the end of the period, or 22.5 percent spent monthly for a period of one year, these certificates offered the highest yield on record for both banks. Issued on 4 January, the certificates garnered this amount in less than one month. However, Egypt’s two biggest state-owned banks announced that they will stop issuing these certificates by the end of January. Since March 2021, Egyptian banks have been releasing saving certificates with all-time high-interest rates to cope with rising inflation and a shortage in foreign currency, with the US dollar currently standing at EGP 30. According to the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt’s annual urban consumer inflation rate jumped to a five-year high of 18.7 percent in November 2022, the highest rate since December 2017, when inflation reached 21.9 percent. Subscribe to the Egyptian Streets’ weekly newsletter! Catch up on the latest news, arts & culture headlines, exclusive features and more stories that matter, delivered straight to your inbox by clicking here.The post NBE and Banque Misr Collect EGP 460 Billion From Recently Introduced Saving Certificates first appeared on Egyptian Streets.

[Category: News, Politics and Society, banks, banque misr, certificate of deposit, EGP, egypt, egyptian banks, egyptian pound, egyptians, featured, foreign currency, inflation, nbe, saving certificate]

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[l] at 1/30/23 11:47am
US Secretary of State Antony Blinken with Egyptian President Abdel Fattah Al-Sisi. Photo credit: Official Twitter account of Antony Blinken. U.S. Secretary of State Antony Blinken arrived in Egypt on January 29th, 2023, for a two-day visit aimed at strengthening the strategic partnership between Egypt and the United States and advancing shared interests in the region. During his visit, Blinken held extensive discussions with President Abdel Fattah Al-Sisi and Foreign Minister Sameh Shoukry. The talks covered a wide range of bilateral and regional issues, including security, economic, and political developments. One of the key topics discussed was the recent killing of Palestinians by Israeli security forces and the gun attack in Jerusalem on Israeli, and the need for a peaceful resolution. Amid the horrifying escalation in violence, I discussed with President El-Sisi and FM Shoukry how we can work together to reduce tensions and restore calm, Blinken said. Shoukry echoed Secretary Blinkens commitment to finding a peaceful solution to the conflict in Palestine, stressing the importance of achieving stability and preventing escalation to find the right political framework to reach a permanent, comprehensive, and just solution for the Palestinian issue on the basis of the two-state solution. These comments come in light of a series of violent incidents in Palestine. Nine Palestinians were killed by Israeli forces in the West Bank city of Jenin on 26 January. A day after the raid, a Palestinian shooter near a synagogue outside of Jerusalem killed seven people and injured three more. In addition to discussing the situation in Palestine, Blinken and his Egyptian counterparts also touched upon regional security and economic cooperation. The two sides emphasized their commitment to working together to tackle regional challenges and promoting stability and prosperity in the region. As part of his visit, Blinken also met with members of the Egyptian community, such as civil society groups, stressing centrality of human rights to U.S. foreign policy. He also students from the American University in Cairo, emphasizing the importance of including young Egyptians in conversations ar0und the two countries relations. As we’re looking at the partnership between the United States and Egypt, the strategic partnership that is of great consequence to the United States, we know that going forward that partnership ultimately is going to be built and sustained and strengthened by the people here today and the people that you represent, said Blinken. Blinkens visit to Egypt is part of a wider regional tour that includes stops in Israel, the West Bank, Jordan, and Saudi Arabia. The tour reflects the Biden administrations commitment to re-engaging with key partners in the Middle East and working towards stability and security in the region.The post Blinken in Egypt: Discussing Stability, Cooperation, and Palestine first appeared on Egyptian Streets.

[Category: News, Politics and Society, abdel fattah al-sisi, antony blinken, Cairo, Civil Society, egypt, egyptians, featured, human rights, joe biden, middle-east, news, palestine, sameh shoukry, secretary of state, sisi, society, The American University in Cairo, United States, us secretary of state, youth]

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[l] at 1/29/23 7:18am
Car immersed in a pool of water on New Cairos Road 90 (Source: Ahram Online) Year after year, heavy rain causes severe damage to Cairo’s infrastructure. Among the most impacted are residents of New Cairo — a fairly new area of the capital and one of its most luxurious, based on real estate prices. In April 2018, heavy rains resulted in the flooding of homes, garages, and cars, and caused electricity outages in the area. In March 2020, unprecedented damage arose from Egypt’s “dragon storm,” which caused 21 casualties across the country. Despite government efforts to optimize Egypt’s preparedness for extreme rainfall events and to prevent human injury, New Cairo’s infrastructure remains vulnerable. Last October, rain and hail storms hit large parts of the area, flooding several streets and causing traffic disruptions. On 9 January, pictures widely circulated, on social media, showing a car immersed in a pool of water on New Cairo’s Road 90 following heavy rainfall, an accident caused by repairs to the sewage network. According to some experts, climate change, coupled with population growth, may continue to increase the frequency and severity of urban flash floods. These repeated incidents beg the question: what makes this new and upscale development so vulnerable to weather instabilities? Climate Change and its Two-Fold Impact on Rain Egypt has been facing threats of water scarcity for decades, owing to population growth, drought, and the Grand Ethiopian Renaissance Dam (GERD), among various other factors. It is widely understood that global warming decreases the frequency of rainfall and increases the odds of drought. Less obvious is its relationship with incidents of extreme precipitation, explained as follows: warmer temperatures cause more sea and ocean water to evaporate into the air, which becomes filled with an unusually high amount of moisture. When this moist air moves over land or converges into a storm system, it can produce intense precipitation — such as that seen in recent years in Cairo. Like most metropolises in the Middle East and North Africa (MENA) region, Cairo relies on its sewer and wastewater systems for drainage, owing to the infrequency of rainfall in the city and the hefty cost of building a separate rainwater drainage system. The frequency of extreme rainfall in Cairo, however, has increased by 17 percent from 2000 to 2020, thereby overwhelming the city’s existing sewage infrastructure. New Cairo’s sewer system is able to accommodate its annual mean rainfall of 13 millimeters with a maximum one-day rainfall of 25 millimeters, but was not built for the kind of weather it has seen in recent years. In 2018, rainfall reached over 40 millimeters across the neighborhoods surface. In 2020, this number rose further to 56.5 millimeters, a downpour New Cairo’s infrastructure was unequipped to handle – as evidenced by the ensuing ravages. Flood street in New Cairo following Egypts dragon storm in March 2020. (Source: AFP) Geography, Urban Expansion, and New Cairo’s Particular Vulnerability New Cairo is built on arid desert land, which is characterized by lower absorbance, and therefore, greater propensity for flooding. Population growth in the area, exacerbated by internal migration, places excessive pressure on sewage infrastructure. This results in more frequent overflows and surface runoffs — instances in which there is more water than the soil can absorb. Additionally, rapid urbanization has contributed to the blocking of several natural streamlines previously found in the area, further increasing surface runoff. Moreover, rapid urban expansion such as that witnessed by the area has been shown to contribute to more extreme rainfall, and to a rise in air temperature and vapor pressure, impacting the frequency and severity of extreme weather events. The above factors exacerbate each other, simultaneously increasing the intensity of extreme weather events and the area’s propensity for severe infrastructural damage. Sustainable Solutions for More Resilient Infrastructure Following the events of 2020, one solution put forward by several members of parliament was rainwater harvesting, a means to simultaneously mitigate flooding and respond to water scarcity. The potential benefits of rainwater harvesting were also reiterated at COP27 in the broader context of water scarcity. Another proposed solution is the adoption of ‘green infrastructure’ (GI) which takes the form of porous paving in car parking, pedestrian walkways, and service streets; gardens and soak-wells to infiltrate and drain water; and humps built to redirect water to designated catchment areas. One study reported the positive impact of a GI pilot project implemented in parts of New Cairo, demonstrating that the target areas were more resilient to the 2020 storm as a result. New Cairo is one example of how urban expansion into the desert can help reduce overcrowding in the Nile Delta. Nonetheless, this geography contributes to making its infrastructure deeply vulnerable to climate change and the ensuing weather instability which it was not built to handle. In the past years, experts have proposed various sustainable solutions to mitigate extreme rainfall’s impact on the area’s infrastructure. For the time being, however, neither rainwater harvesting nor green infrastructure have been implemented to full scale in the area, creating concern as to the impact of future extreme rainfall events. The post Explainer: Why is New Cairo so Vulnerable to Rain? first appeared on Egyptian Streets.

[Category: Buzz, Politics and Society, built environment, climate change, featured, infrastruture, new cairo, rain, Urban Expansion]

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[l] at 1/29/23 6:49am
Photo Credit: Official Facebook Page for the Spokesman of the Egyptian Presidency Egyptian President Abdel Fattah Al-Sisi arrived in Armenia on Saturday, 28 January, in a historic visit — the first-ever by an Egyptian head of state to Armenia since its independence. The visit is part of an ongoing tour that also saw him visit India on Wednesday, 24 January to attend celebrations of its Republic Day and Azerbaijan on Friday, 27 January. Al-Sisi met with Armenian president Vahagn Khachaturyan and prime minister Nikol Pashinyan. According to official statements, president Khachaturyan stressed Armenian’s keenness to support Egypt’s developmental efforts through exchanging technical expertise and collaborating in the implementation of projects in Armenia. Both presidents also expressed their willingness to join forces to confront the global repercussions of the Russian-Ukrainian war. During his talk, Al-Sisi also expressed his appreciation for the Armenian president’s participation in COP27, which was held in Sharm El Sheikh in November 2021. Al-Sisi stressed the importance of establishing economic and trade relations with Armenia “in light of the role of the joint committee on economic, scientific and technical cooperation and the businessmen forum, which helps introduce the areas for investment and trade between the two countries,” the statement said. Presidential Spokesman Bassem Rady explained that a number of agreements and joint memoranda of understanding have been signed by the governments of Egypt and Armenia. The visit also included discussions on enhancing economic relations and outlining the bilateral interests between the two countries. Egypt became home to one of the largest com munities of the Armenian Diaspora in the beginning of the 20th century after the Armenian genocide in 1915. Migrations to Egypt increased in the 1940s, numbering to almost 40,000. The visit is particularly important as Egypt has been home to an Armenian population since ancient times that has impacted a variety of spheres in Egypt.The post Sisi Arrives in Armenia in First Ever Visit by an Egyptian President first appeared on Egyptian Streets.

[Category: News, abdel fattah al-sisi, Al-Sisi, armenia, armenia visit, Armenian diaspora, armenian genocide, azrebijian, Cairo, diplomatic, economic, egypt, egypt president, featured, india, January 2023, middle east, MOMu, Nikol Pashinyan, official, relations, turkey, Vahagn Khachaturyan]

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[l] at 1/29/23 5:24am
Photo credit e3lam.com By Amina Abdel-Halim and Marina Makary Although mental health issues affect an estimated one in four people in Egypt, mental illness remains a highly stigmatized topic across the country. Patients and their families often find themselves on the receiving end of judgment and social exclusion, hindering recovery and rehabilitation. The newly launched Fahim Foundation for Mental Health Support aims to lift this stigma by raising awareness through lectures, workshops, media campaigns, and other outreach initiatives under the slogan ‘understand, listen, and speak’. The foundation, headed by former Minister of Emigration and Egyptian Expatriate Affairs Ambassador Nabila Makram, places special emphasis on the role of family in early detection, treatment, and recovery; as well as working to provide families of people living with mental health issues with adequate support structures. At a launch event held on Friday 27 January at Almasa hotel in Nasr City, attendees were greeted with a pamphlet introducing the foundation’s mission, along with brief definitions of various mental illnesses. The examples spanned conditions ranging from social anxiety, to attention deficit hyperactivity disorder (ADHD), and schizophrenia, pointing to the foundation’s inclusive ethos: no illness, however debilitating, is too taboo to talk about. In her opening speech, Makram brought words of hope and acceptance to people with a mental illness, their families – and in particular, the mothers of children with mental illnesses, saying: “Please, do not feel guilty or ashamed. As for everything you will hear people say [about your child’s mental illness], don’t listen to them.” During a panel discussion held on the launch day, Egypt’s Minister of Health and Population, Khaled Abdelghaffar, stressed that the mental health field in Egypt suffers a number of issues, mainly the stigma surrounding mental illnesses. To combat this stigma, Abdelghaffar called for the creation of a comprehensive city dedicated to mental health. Photo credit: Yalla Business “The number of psychiatrists in Egypt is relatively low and this is partially a result of the stigma surrounding mental illnesses,” said Abdelghaffar. Among the issues addressed during the event were the stereotypes that have been promoted in Egyptian films, such as the labels attached to people with a mental health issue and doctors alike. “Lack of research into mental health by the media leads to the misrepresentation of patients and doctors,” said Medhat el Adl, Egyptian screenwriter and producer. The foundations launch day also witnessed the signing of protocols with the Ministry of Health and Population, the Ministry of Youth and Sports, and the National Council for Women. The protocols aim to develop mental health clinics and hospitals, raise awareness among youth and families, and prepare graduates of Arts Faculty’s Psychology Department to work in the Health Ministry. “Fahim Foundation aims to remove the band-aid from the wound,” added Makram during the event. “So that we can understand, instead of ignore; so that we can listen, instead of refuse; so that we can speak, instead of staying silent.” Subscribe to the Egyptian Streets’ weekly newsletter! Catch up on the latest news, arts & culture headlines, exclusive features and more stories that matter, delivered straight to your inbox by clicking here.The post New Egyptian ‘Fahim Foundation’ Emphasizes Role of Family in Mental Health Treatment first appeared on Egyptian Streets.

[Category: Buzz, Politics and Society, egypt, egyptian ambassador, egyptian families, egyptians, fahim foundation, fahim foundation for mental heal support, featured, mental health, mental health support, Mental Illness, Ministry of Health and Population, ministry of youth and sports, nabila makram, National Council for Women, ncw]

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[l] at 1/28/23 12:28pm
Zain Jaafar/AFP/Getty Images Renewed violence has flared up between Palestine and Israel over the past few days, which has been regarded as the deadliest in years by the UN, causing multiple deaths and injuries. Though the United Nations has previously marked 2022 as one of the deadliest years in Israel-Palestine conflict in recent history, violence has intensified once again after a cascade of events. Nine Palestinians were killed by Israeli forces in the West Bank city of Jenin on Thursday, 26 January, the Palestinian Ministry of Health said, causing the Palestinian Authority to stop coordinating with Israel on security matters. According to data from the Palestinian Ministry of Health, this puts the total number of Palestinians killed by Israeli troops in the first month of 2023 to 30. A day after the raid, a Palestinian shooter near a synagogue outside of Jerusalem killed seven people and injured three more. These events come against the backdrop of the visit by Itamar Ben-Gvir, Israels new Minister of National Security, to the holy sites in Jerusalem on 3 January. The visit has been criticised by Egypt, Jordan, Saudi Arabia, Qatar, Turkey, and Bahrain, with the majority of them labelling it provocative. CIA director Bill Burns, arrived in Tel Aviv on Thursday, 26 January, to meet with with his counterparts from both sides — Israeli and Palestinian — as well as other officials. Analysts have noted that these visits have intensified the conflict, coupled with heightened tensions since an extreme-right Israeli government took power earlier this month. But what do we know about the conflict so far? What sparked the increase in violence? Last Monday, 23 January, leading Israeli officials threatened to forcibly evict at least 180 Palestinians living in the Bedouin town of Khan al-Ahmar on the eastern outskirts of Jerusalem. In response, dozens of Palestinians protested against these threats. Palestinian activists such as Khairy Hanoun, who was at the protest at Khan al-Ahmar, told Al Jazeera: “We came here to challenge Ben-Gvir’s decision and the decisions of all of the right-wing government.” Ben-Gvir declared that the forcible removal of the community would proceed, and plans for a visit to the location by far-right ministers like Ben-Gvir and Finance Minister Bezalel Smotrich emerged. The Israeli government claims that the town was constructed without a permit, but officials make building permits difficult to obtain for Palestinians in the lands referred to as Area C, which make up more than 60 percent of the occupied West Bank and include East Jerusalem. Why are Jenin and Nablus targeted in particular?  In September of 2021, a rebel resistance group formed, naming itself the Jenin Brigades, in response to Israel’s plan for forced displacement of Palestinian families. Other resistance groups also emerged since then, including the Nablus Brigades, the Lions’ Den, the Balata Brigades and, most recently in Jenin, the Yabad Brigades. By late 2021, these resistance groups declared the Palestinian Authoritys security forces unwelcome in the Jenin refugee camp and the Old City of Nablus. The Palestinian Authority’s security forces have been losing control over these areas over time due to its security coordination with Israel. Israeli forces carried out a raid in the Jenin Refugee Camp in the north of the occupied West Bank on the morning of Thursday, 26 January. At least nine Palestinians, including one elderly woman and two children, were killed by Israeli forces. The raids are a part of a campaign Israel calls Break the Wave in which it targets fighters associated with armed organisations by conducting mass arrests and executions in locations like the two northern occupied West Bank cities. The campaign aims to quell the shift towards a Palestinian armed resistance that has formed in Jenin and Nablus following a large-scale popular outburst of Palestinian resistance in May 2021. Jerusalem Synagogue Shooting  On Friday, 27 January – a day following the raid in Jenin, the deadliest Israeli raid in years on the West Bank – a Palestinian gunman killed seven people and wounded three others near a synagogue on the outskirts of Jerusalem. According to a statement from Israeli police, the shooter was a 21-year-old Palestinian living in East Jerusalem who appears to have carried out the shooting alone. The action was lauded as a response to the crime performed by the occupation in Jenin and a natural response to the occupations criminal deeds, by  a spokesman for the Islamist movement Hamas. The Egyptian Foreign Ministry underlined its rejection of any attacks that harm civilians in a statement and emphasised its denunciation of the attack. After the synagogue shooting attack, U.S. President Joe Biden told his national security team to help their Israeli counterparts, according to the White House. Prime Minister Benjamin Netanyahu also announced that the cabinet would meet on Saturday following the attack. What Now? The new far-right Israeli government of Prime Minister Benjamin Netanyahu has given important roles to Israeli members of the far-right, including Finance Minister Bezalel Smotrich, who is now in charge of administrating the West Bank. Smotrich has previously openly encouraged violence against Palestinians and supports the full annexation of the West Bank. Experts have expressed that the new government will move Israel’s policies farther to the right, leading to policies of Jewish supremacy and anti-Palestinian. In early January, for example, Ben Gvir issued a new directive directing police to strictly enforce the ban on flying Palestinian flags in public places. There seems to be no signs of resolution or descalation of the conflict, as armed Palestinian resistance groups have been expanding in Palestinian territories. There are already fears by experts that these tensions may boil over into a third Intifada, as Israeli officials have stepped up their operations.The post What Is Happening Between Palestine and Israel So Far in 2023 first appeared on Egyptian Streets.

[Category: Uncategorized, egypt, featured, hamas, israel, news, palestine, west bank]

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[l] at 1/28/23 7:26am
Photo Credit: Netflix Netflix’s new series ‘Kaleidoscope’ can be watched in over 40,000 ways. Yes, you read that correctly. This new intriguing miniseries attempted to introduce a never-before-seen, revolutionary approach to interactive storytelling. But did it actually work? We tried to get to the bottom of that. ‘Kaleidoscope’ is an enthralling and intricate series that follows a crew of skillful crooks attempting to rob one of the world’s most powerful security firms in a heist secretly motivated by revenge. Each of the eight episodes is named after a color in the rainbow, and takes place at a certain time before or after the heist—from 24 years before to six months after. According to the creators, they can be watched in absolutely any order. Whichever order they choose, viewers are immersed in the story as it barrels down towards the final showdown and the one episode that should always be seen last: the heist itself. I came up with a bunch of different orders to watch Kaleidoscope in so you don’t have to pic.twitter.com/FE6IiwjzM9 — Netflix (@netflix) January 2, 2023 Created by American writer Eric Garcia, the series—which premiered on New Year’s Day—features a compelling cast of characters. The heist is conducted by a group of masterful thieves, led by Ray Vernon (Giancarlo Eposito). The group of misfits he assembles include Ava Mercer (Paz Vega), Judy Goodiwn (Rosaline Elbay), Bob Goodwin (Jai Courtney), Stan Loomis (Peter Mark Kendall), and RJ Acosta Jr (Jordan Mendoza). Upon clicking the show on their Netflix account, every user is given a distinct viewing order as a default. While some viewers may get the episodes listed in chronological order, others might be plunged into the action three weeks before the heist, and others still may start at the chronological beginning, set 24 years before the heist. Whatever the order is, ‘Kaleidoscope’ offers viewers the chance to link, connect, and combine the parts that make the story. In short, ‘Kaleidoscope’ does not offer the audience the clues on a silver platter—for better or for worse. To bring our readers a proper review that takes into account Garcia’s unconventional storytelling decision, we—that is to say two members of the Egyptian Streets team—decided to watch it each in a different order from a list of combinations suggested by the official Netflix Twitter account. And for good measure, we consulted a friend who watched it in the default order presented to him automatically on Netflix. Note: Stop reading here if you want to avoid spoilers. The below discusses key plot points of the series. The story Where to begin? To give a synopsis of a story, one has to have at least some grip of its chronology, and the chronology was different for each of us. The ‘Usual Suspects’ order starts with the ‘Pink’ episode which picks up six months after the heist. This opening episode shows the audience the events that transpire after the heist; they only get to see the aftermath of an unknown story. The fate of the entire group is shown: they end up without the money, most are ultimately killed, and some run away. From there on out, the audience is left to piece together the story backwards. Meanwhile the ‘Classic Detective Story’ order starts with the ‘Orange’ episode, which is set three weeks before the heist. An FBI agent is newly back at her job after recovering from addiction, when she discovers a connection between an armed robbery and the sketchy attorney who once informed her superiors of her drug problem. She decides to dig deeper, fearing a larger criminal operation may be underway. Finally, the default order we encountered began with the episode ‘Yellow,’ set six weeks before the heist. In it, a group of misfits with a criminal history gather for the first time, to plan a robbery intended to fund a major heist that should ultimately yield billions of dollars. Cracks in the dynamic of the crew are quick to form, but having secured an ‘inside man’ (in this story a woman) for the big heist, they are not discouraged. Crucially, two of these opening episodes fail to reveal one of the key elements of the story: the motivation for such a dangerous operation. Though undoubtedly the money may be considered motivation enough, for an audience to be captured by a heist story, there needs to be more. And later it is revealed that the ringleader, Ray, who is terminally ill and the only one with access to the inside woman, has a 24-year-long grudge against Roger Salas, the owner of the security firm, who once left Ray’s wife to perish in a fire. Intent on revenge, Ray is the fuel for the operation. The absence of this hook certainly took away from the story. Call us old-fashioned, but sometimes a predetermined chronology has a purpose in a story, and without it, it may not have as much punch. Ultimately, the heist fails and the crew ends up with nothing, but with the help of the inside woman, Ray at least gets his revenge on Roger, who is revealed as a fraud and is framed for the attempted robbery. The watching experience Photo Credit: Netflix For the claim that Kaleidoscope can be watched in any order to check out, it seemed to us that the screenwriters had to oscillate dramatically between overly explicit expositions to make up for the possibility that a viewer was only just coming into the story, and episodes where there was so little context that the viewer had no way of knowing what was happening and what to pay attention to. In the ‘Usual Suspects’ viewing order, the story begins at the chronological ending, leaving the viewer truly lost and unable to understand the events that transpire or the reasons for the fate of the characters. Meanwhile in the ‘Classic Detective Story’ viewing order, there is excessive exposition of the FBI agent, a character whose backstory barely comes into the core of the story at all. We wonder why these structural mishaps can be found in the story–and if perhaps they would not be there if the structure was predetermined by the creators. Not only that, but the storytelling technique resulted in the series being made up of a series of major plot points without buffers between them, leaving little space to give depth to the individual characters. As a result, we found little reason or motivation to feel strongly about many of them. What, for example, makes Ava (Paz Vega), a successful, rich attorney with an undocumented loved one, take the risk of being a serial criminal? Or why does Judy (Rosaline Elbay), a brilliant, independent, and beautiful chemist, opt to marry Bob (Jai Courtney), a violent and macho man who knows little more than how to crack safes? There is not enough satisfying backstory to justify it. Photo Credit: Netflix The story was also riddled with small easter eggs for the attentive viewer. But we struggled to find the purpose in those of them we were able to find. One essential example of those is hidden in the episodes ‘White,’ (the heist) and ‘Pink,’ (six months after the heist). At the very end of ‘Pink’, ringleader Ray Vernon, at this point attempting to live out the final days of his terminal illness free from his past, is shot dead by a hooded figure, whose only discernible and unique feature is a printed t-shirt. That same t-shirt is seen in the episode ‘White’, worn by the son of Roger Salas, who after the heist ends up with a hefty prison sentence. While this little tidbit had the potential to be incredibly interesting, the extreme lack of background on Salas’ son made it almost meaningless once discovered. It almost felt as though it was an easter egg simply for the sake of an easter egg. All of this is not to say that we did not enjoy the series at all. Our favorite parts of the watching experience were certainly the acting and the music. For us, there were two standout acting performances. The first was Jai Courtney as Bob Goodwin, who–while an absolutely insufferable character–is portrayed with great skill. Courtney succeeds in combining a repulsive macho personality with an almost laughable air of satire, which appears to its best advantage in the episode ‘Pink’, where a throat injury renders him unable to speak, so he uses a mobile app to deliver his menacing threats–only to be interrupted by comical audio ads. To our delight, Egyptian actress Rosaline Elbay also shone–and we are not only saying this out of bias. She has a compelling presence in every scene she appears in, even the ones in which her role is small. Her acting combines authenticity, humor, and charisma, and through every aspect of her acting, down to her facial expressions and body language, she became the character we all empathized with the most. As for the music, the mild, jazzy, and bass-heavy score was well-suited for the heist theme, and the songs that played at significant plot points always fit like a glove. Our takeaways It is clear that the show is trying to combine the classic and beloved heist theme seen in modern classics such as ‘Oceans Eleven’ or the Spanish hit series ‘Money Heist’ (2017), with the newly emerging trend of giving the viewer some control over the storytelling, as can be seen in Netflixs film Black Mirror: Bandersnatch (2018). But while ‘Money Heist’ focuses on telling an airtight story, and ‘Bandersnatch’ created a complete choose-your-own-adventure story, we found that ‘Kaleidoscope’ fell somewhere in between, and as a result got neither aspect well enough. At the end of our viewing, the three of us seemed to be in agreement that in deciding on such an unconventional form of storytelling, Garcia got so caught up in the gimmick, that the story itself ended up taking a backseat. The theme of a heist is timeless, but to succeed it needs an edge, something that sets it apart from other heist films and series. And to us, a shuffled order was not enough to achieve that. And while there was such a hype around the show and its unconventional and interactive style, it was unclear to us what purpose this style served, as ultimately we all got the same gist and felt similarly about the story. If nothing else, the time jumps are distracting. There is a reason storytellers set their works in specific chronologies; it is a technique that helps their ideas come across and evokes emotional responses in viewers. We do give the show the benefit of the doubt, though. It may be that we were so distracted by the back and forth of the story, trying to understand the purpose of the order in which events and plot points are revealed, that we were unable to fully enjoy the story or capture its essence or message. But this in itself, we saw as a flaw, because the chronology of a story is not meant to confuse or distract, but rather to let the story unfold in a way that gives it a particular meaning. The shuffled nature of the show made its chronology at times feel arbitrary and accidental. And so, we are left with a rather futile story: A heist motivated by revenge is foiled by the inside woman in a bid to protect the heist crew’s ringleader. The crew ends up with nothing, and four of its members end up dead. While the target of the heist is indeed destroyed to the pleasure of the vengeful ringleader, the ringleader himself is ultimately also murdered – presumably as revenge for the fate of the heist’s target. So our question is: what was the point? What did any of the characters get out of this, and what are we, as viewers, meant to get out of it? There was no satisfying ending, no one to root for, and the ultimate foiling of the heist struck none of us as a clever twist. As we sat in discussion, trying to comprehend the point this story was trying to make, the message it was trying to convey, we found ourselves coming up empty. Perhaps it is simply that crime doesn’t pay, and that a life spent hell-bent on revenge would amount to nothing. If this really is the message, then the unconventional storytelling style of Kaleidoscope is a rather contrived way to convey it.The post Egyptian Actress Shines in Netflix’s New Unconventional Series ‘Kaleidoscope’: Review first appeared on Egyptian Streets.

[Category: Arts & Culture, art, bank, black mirror, Cairo, culture, egypt, featured, heist, interactive, international, Kaleidoscope, MENA, middle east, money, movie, netflix, Netflix usa, review, rosaline el bay, series, Show, TV, usual suspects]

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[l] at 1/26/23 2:14pm
REUTERS/Mohamed Abd El Ghany Renowned Egyptian archaeologist, Dr. Zahi Hawass, announced on Thursday, 26 January, that Egypt had possibly discovered the oldest and most complete mummy to date ever found. The mummy was found in the Saqqara Necropolis. The excavation was led by Hawass and the Supreme Council of Antiquities. Though many statues were unearthed at Saqqara, this is considered to be the largest one uncovered recently, according to the Supreme Council of Antiquities. The mummy was covered with gold leaves. The owners name was revealed to be Hekashepes in carvings on the top of the sarcophagus. The excavation also discovered other statues dating back to the era of the Fifth and Sixth Dynasties of the Old Kingdom (4,300 year-old). A huge cemetery was discovered, which consisted of several tombs belonging to high-profile individuals at the time, including statues of Egyptian priests, officials and servants. The tomb of Khnumdjedef  — a priest for the Egyptian pharaoh Unas, the ninth and final king of the Fifth Dynasty, an inspector of employees, and a  supervisor of nobles — was among those discovered. The second largest tomb discovered belonged to Meri, who was regarded as a “keeper of the secrets” and “assistant of the great leader of the palace”, according to Hawass. Amr Nabil/AP The excavation did not find any inscriptions that might have revealed the owner of these statues, Hawass noted. However, the team discovered a door close to the location where the statues were recovered that was owned by an individual named “Messi”, who may have also owned the nine statues. The team also discovered a collection of rare stone figures belonging to the Old Kingdom, according to Mostafa Waziry, secretary-general of the Supreme Council of Antiquities.The post Egypt Discovers ‘Oldest Mummy Ever Found’: Zahi Hawass first appeared on Egyptian Streets.

[Category: News, ancient egypt, archaeology, egypt, featured, mummy, news]

[*] [+] [-] [x] [A+] [a-]  
[l] at 1/26/23 2:14pm
REUTERS/Mohamed Abd El Ghany Renowned Egyptian archaeologist, Dr. Zahi Hawass, announced on Thursday, 26 January, that Egypt had discovered the “oldest and most complete” mummy to date in Saqqara Necropolis. The excavation was led by Hawass and the Supreme Council of Antiquities. Though many statues were unearthed at Saqqara, this is considered to be the largest one uncovered recently, according to the Supreme Council of Antiquities. The mummy was covered with gold leaves. The owners name was revealed to be Hekashepes in carvings on the top of the sarcophagus. The excavation also discovered other statues dating back to the era of the Fifth and Sixth Dynasties of the Old Kingdom (4,300 year-old). A huge cemetery was discovered, which consisted of several tombs belonging to high-profile individuals at the time, including statues of Egyptian priests, officials and servants. The tomb of Khnumdjedef  — a priest for the Egyptian pharaoh Unas, the ninth and final king of the Fifth Dynasty, an inspector of employees, and a  supervisor of nobles — was among those discovered. The second largest tomb discovered belonged to Meri, who was regarded as a “keeper of the secrets” and “assistant of the great leader of the palace”, according to Hawass. Amr Nabil/AP The excavation did not find any inscriptions that might have revealed the owner of these statues, Hawass noted. However, the team discovered a door close to the location where the statues were recovered that was owned by an individual named “Messi”, who may have also owned the nine statues. The team also discovered a collection of rare stone figures belonging to the Old Kingdom, according to Mostafa Waziry, secretary-general of the Supreme Council of Antiquities.The post Egypt Discovers Oldest Mummy Ever Found first appeared on Egyptian Streets.

[Category: News, ancient egypt, archaeology, egypt, featured, mummy, news]

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[l] at 1/25/23 9:40am
Photo credit: Dreamstime In a surprise move from the Russian Central Bank on Wednesday January 18, the Egyptian pound was added to the Russian exchange rate list, the Russian Embassy in Egypt announced. Egyptian economists praised this decision, describing it as a “positive step” for the ailing Egyptian pound. Prior to this decision, Egyptian imports from Russia traded using the US dollar. This move increases reliance on both local currencies and reduces demand for the US dollar in both countries. Not only will this decision allow Egypt to import from Russia in Egyptian pounds, it will also allow Egyptians who travel to Russia to be able to exchange their money from Egyptian pounds to Russian rubles. This reduces dependence on US dollar reserves since Egypt has been struggling with a shortage in the foreign currency for the past few months. According to Egyptian economist Tarek Metwally, this step can also contribute to boosting tourism in Egypt. Since potential Russian tourists have been struggling to acquire US dollars, fewer of them have been visiting Egyptian resorts, where the US dollar is usually the currency used by tourists. Now that this decision has been made, Russian tourists will not need to depend on the US dollar as they can switch to EGP before traveling. Aside from the Egyptian pound, Russia also added the Thai baht, the Vietnamese dong, the Serbian dinar, the New Zealand dollar, the Georgian lari, the Indonesian rupiah, the UAE dirham, and the Qatari riyal, to its exchange rate list. According to the United Nations Comtrade database on international trade, Egyptian imports from Russia totalled nearly USD 2.48 in 2021. Egypt and Russia have a long history of strategic ties and mutual cooperation in multiple fields. Egypt is Russia’s biggest wheat buyer, and in 2022, it was the second most popular holiday destination for Russians. Subscribe to the Egyptian Streets’ weekly newsletter! Catch up on the latest news, arts & culture headlines, exclusive features and more stories that matter, delivered straight to your inbox by clicking here.The post Russia Adds the Egyptian Pound to its Exchange Rate List: What Does This Mean? first appeared on Egyptian Streets.

[Category: Business & Technology, Buzz, Currency, devaluation, EGP, egypt, egyptian economy, egyptian imports, egyptian pound, egyptians, exchange rate, exchange rate list, exports, featured, imports, rub, rubles, Russia, russian central bank, russian embassy in egypt, russian ruble, russian tourists, Russians, tarek metwally, us dollar, USA, usd]

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