- — Egypt, Italy’s ENI Sign Agreement to Boost Oil and Gas Production
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at 7/25/24 5:51amEgypt’s Ministry of Petroleum and Mineral Resources has signed an agreement with Ente Nazionale Idrocarburi (ENI SpA), an Italian multinational company, to boost oil and gas production. Petroleum Minister Karim Badawi announced the deal on Wednesday. The agreement was signed during a joint negotiation session in New Alamein City with Martina Opizzi, Head of North Africa and Levant Region at ENI. They agreed to intensify ENI’s exploratory and excavation activities, develop fields in their concession areas in Egypt, and increase the number of excavators. They also agreed to leverage Egypts status as a regional energy trading hub by receiving gas from ENI’s fields in the Eastern Mediterranean and exporting it through Egypt’s existing facilities. The meeting discussed the positive outcomes and implemented the agreements made during Prime Minister Mostafa Madboulys meeting with Opizzi at the recent Egyptian-European Investment Conference. Badawi highlighted ENI’s long history of working in Egypt and its many successes and investment opportunities. He emphasized that the agreement will significantly boost activities, raising investment and production rates. Egypt has been suffering from gas shortages, leading to power cuts across the country. However, governmental efforts have been made to This content is for members only. Visit the site and log in/register to read.The post Egypt, Italy’s ENI Sign Agreement to Boost Oil and Gas Production first appeared on Egyptian Streets.- — Egypt Raises Fuel Prices by up to 15 Percent
- at 7/25/24 5:19amEgypt has raised the prices of various petroleum products, with Octane 80 increasing from EGP 11 to EGP 12.25, Octane 92 from EGP 12.5 to EGP 13.75, Octane 95 from EGP 13.5 to EGP 15.5, and Diesel from EGP 10 to EGP 11.5. The government has also raised the price of Kerosene from EGP 10.0 to EGP 11.5 and Mazut used for industrial purposes at EGP 8,500 per ton. Prime Minister Mostafa Madbouly emphasized that the gradual increase in petroleum product pricing would continue to reduce and end subsidies. Madbouly also announced that the government will provide biannual reports to the parliament on its program, focusing on economic issues and recent crises, such as the electricity and medicine shortages. Addressing the electricity crisis, Madbouly stated that the government has started suspending load shedding and is working to increase electricity generation capacity by four gigawatts next summer. He also announced a plan to settle the financial dues owed to foreign partners in the petroleum sector, including fulfilling commitments to Italian company Eni to enhance exploration activities. The Prime Minister highlighted a USD 14.2 billion (EGP 686 billion) reduction in Egypts This content is for members only. Visit the site and log in/register to read.The post Egypt Raises Fuel Prices by up to 15 Percent first appeared on Egyptian Streets.
- — Egypt Dominates 2024 World Squash Junior Team Championships
- at 7/25/24 3:55amEgypt’s womens and mens teams were crowned champions at the 2024 WSF World Junior Team Championships at Houston, the first in squash history to feature the mens and womens events concurrently. In the womens final, the top seeds were once again lethal as Amina Orfi (the individuals junior champion) and Fayrouz Aboelkheir (runner-up in the individuals tournament) helped them win a staggering ninth consecutive title with victory over second seeds USA. In the mens final, Mohamad Zakaria (the individuals junior champion) and Marwan Asal took down dark horses Republic of Korea as they won the title for the first time since 2016. Egypts womens coach Omneya Abdel Kawy expressed her delight to SquashSite, saying, It feels great to get the titles in consecutive years. Its a record for them and for me as a coach. We had the goal to do that and thanks to God it was mission accomplished. Egypt coach Andrew Shoukry was ecstatic with the victory, stating to SquashSite, Im over the moon. As a coach, or player, its the first time Ive won the trophy. Im thankful for everything and every moment that we had. It This content is for members only. Visit the site and log in/register to read.The post Egypt Dominates 2024 World Squash Junior Team Championships first appeared on Egyptian Streets.
- — Netanyahu’s U.S. Congress Speech Fails to Advance Ceasefire
- at 7/24/24 4:01pmIsraeli Prime Minister Benjamin Netanyahu’s visit to the United States did not bring about a hoped-for breakthrough in negotiations for a ceasefire in Gaza and the release of captives. Instead, Netanyahu vowed to continue the war until “total victory,” disappointing those who anticipated progress toward peace. Addressing U.S. lawmakers, Netanyahu sought to rally support for the Israeli war on Gaza. “America and Israel must stand together. When we stand together something really simple happens: We win, they lose,” he declared, drawing applause from some and stony silence from others. Notably, he wore a yellow pin to express solidarity with the Israeli captives held by Hamas. Netanyahus speech quickly took a darker tone as he criticized war protests on U.S. college campuses and elsewhere, calling the protesters “useful idiots” for Israel’s adversaries. This remark drew shouts of applause from many in Congress but also silence from leading Democrats who did not stand to cheer. The House chamber included freed former captives of Hamas and families of hostages. Security removed protesters from the gallery who displayed T-shirts with slogans demanding an end to the conflict and the release of captives. Netanyahu, frequently This content is for members only. Visit the site and log in/register to read.The post Netanyahu’s U.S. Congress Speech Fails to Advance Ceasefire first appeared on Egyptian Streets.
- — Egypt Settles for a Goalless Draw in First 2024 Olympics Football Match
- at 7/24/24 3:52pmEgypt’s Olympic football campaign began with an underwhelming 0-0 draw against the Dominican Republic at Stade de la Beaujoire in Nantes. Despite having numerous opportunities to secure a win, the Egyptian side failed to find the net during the entire 90 minutes against the Dominican Republic, who were playing in their inaugural Olympic appearance. Egypt, currently sitting in second place in Group C with a single point, trail behind leaders Spain, who secured a 2-1 victory over Uzbekistan earlier in the day. The top two teams in the group will advance to the knockout rounds, putting additional pressure on Egypt’s upcoming matches. Rogério Micale’s men dominated the first 15 minutes of the game, but it was the Dominican Republic who emerged as the more threatening side. A controversial moment occurred in the 13th minute when Peter González appeared to score, only for the goal to be disallowed due to a prior foul on Egypt defender Hossam Abdel-Maguid. Shortly after, Omar Fayed cleared a dangerous ball off the line, denying the Dominican Republic an early lead. Egypt’s best chance in the first half came in the 19th minute when striker Osama This content is for members only. Visit the site and log in/register to read.The post Egypt Settles for a Goalless Draw in First 2024 Olympics Football Match first appeared on Egyptian Streets.
- — Sisi Calls Trump to Check on Health After Assassination Attempt
- at 7/24/24 5:52amFormer US President Donald Trump escaped an assassination attempt on Saturday 13 July while on the campaign trail, prompting Egyptian President Abdel Fatah Al-Sisi to reach out and check on his well-being. The Egyptian presidency reported that Sisi spoke with Trump on the phone to inquire about his health following the shooting incident. I followed up the treacherous attack on former president and presidential nominee Donald Trump with concern, and I reiterate Egypts condemnation of the incident, the Spokesman for the Egyptian Presidency expressed on his Facebook page. Trump had previously expressed strong support for Sisi during his term, calling him a great leader. In response to the attack on Trump, the US House of Representatives is now forming a bipartisan task force to investigate the security failures that allowed the assassination attempt to occur. The panel, composed of seven Republicans and six Democrats, will have authority and the power to make recommendations for reforms to relevant government agencies. The security failures that allowed an assassination attempt on Donald Trumps life are shocking, said Republican House Speaker Mike Johnson, adding that the task force would work quickly to make certain This content is for members only. Visit the site and log in/register to read.The post Sisi Calls Trump to Check on Health After Assassination Attempt first appeared on Egyptian Streets.
- — The Nile Crocodile, an Ancient Egyptian God, Scares the People of Luxor
- at 7/23/24 9:11amA video of a crocodile in the Nile in Luxor circulated on social media on 12 July, sparking widespread panic. Authorities advised residents in the Kalh area of Esna city, particularly those living near the Nile, to keep their children from swimming in the river. The most commonly found crocodile in Egypt is the Nile crocodile. In 2016, a video of a Nile Crocodile on the banks of a tributary in Mostorod, Shubra, spread on Egyptian social media. What is the Nile Crocodile? In the heart of Africa’s fresh waterways, a formidable inhabitant thrives within the sweeping currents of the Nile River. Renowned for its aggressive behavior and powerful jaws, the Nile Crocodile is one of Africa’s diverse wildlife, widespread throughout sub-Saharan Africa, the Nile Basin, and Madagascar. It thrives in rivers, freshwater marshes, and mangrove swamps, showcasing its adaptability and dominance across various habitats. A Nile crocodile at the Kuku Zoo wildlife park in the Khartoum Bahri (North) twin city of the Sudanese capital, Sudan. Photo credit: Ashraf Shazly/AFP via Getty Images. It ranks as the worlds second-largest crocodile and freshwater predator, typically reaching an adult length of 4.5 meters. Supported by four short, sturdy legs and a long, muscular tail, its average weight is 225 kilograms but could weigh up to 748.5 kilograms. In the wild, Nile crocodiles typically live around 45 years, but they have been known to reach the age of 80 in captivity, where they are free from natural predators and environmental stresses. During the breeding season in November and December, female Nile crocodiles nest on sandy shorelines, dry stream beds, or riverbanks, laying between 25 to 100 eggs. Their diet primarily consists of fish, but they are opportunistic hunters, preying on zebras, small hippos, porcupines, birds, and even other crocodiles. Eating dead animals is also common, with the ability to consume up to half their body weight in one feeding. Nile crocodiles, often feared for their reputation, are indispensable to the ecosystem. As apex predators, they are essential in preserving species equilibrium within their habitats. As its habitat is close to human settlements, encounters are common and interactions are marked by tension. With an almost indiscriminate diet, they could eat a human near a riverbank. Reliable figures are hard to come by, but its estimated that up to 200 people may fall victim to these predators each year, according to National Geographic. The Nile Crocodile in Ancient Egypt The Nile crocodile is one of the earliest animals to be portrayed in art, the crocodile appeared in ancient texts, symbolizing the eternal conflict between good and evil, according to a 2021 study by Matrouh University. “Crocodiles were associated with the Nile, its fertility, and with royal and military power,” the study explained. The ancient Egyptians’ reverence for animals was unparalleled, especially the crocodile, extending beyond mere veneration; ancient Egyptians honored the crocodile as a god in the name of ‘Sobek,’ which was depicted as a human with a crocodile head, worshiped in 1991 B.C. A carving of Sobek, the crocodile God of ancient Egypt at the Crocodile Museum, north of Aswan. Photo credit: Cairo24 The Nile crocodile was regarded as a protector and a demon, even bred and sacrificed for mummification. As noted by scholar Michal Molcho, there is a crocodile cemetery in Fayyoums Tebtunis town that is home to thousands of mummified remains. The extensive number of mummies unearthed from this site implies that the young reptiles may have been bred commercially there. Molcho made another discovery in Narmouthis in Fayyoum, where a crocodile nursery and hatchery revealing dozens of eggs in various stages of development was unearthed. Around 90 crocodile eggs were unburied, nestled in deep pits, being incubated. Upon hatching, the hatchlings are initially housed in shallow basins, and later subjected to ritual sacrifice and mummification. As ancient symbols of power and fear, Nile crocodiles continue to make their presence felt in modern Egypt.The post The Nile Crocodile, an Ancient Egyptian God, Scares the People of Luxor first appeared on Egyptian Streets.
- — From Luxor and Aswan to Gouna: Here’s How Egypt Can Cater to Every Taste
- at 7/23/24 6:46amEgypt has a plethora to offer in terms of travel and experiences for all kinds of preferences. From ancient historical sites to serene escapes and lively party scenes, theres something for everyone. Many travelers do not realize how diverse the experiences can be in this one country. If youre planning a trip to Egypt and hesitating due to stereotypes,this guide will help you plan a memorable trip tailored to your special inclinations. Luxor and Aswan: for the History Enthusiast Visiting Luxor and Aswan is a must when in Egypt. These cities are unique, filled with ancient temples, tombs, museums, and fascinating historical sites. There is much much to see and do, justifying their helm on every must-go to traveler’s list. Explore the Valley of the Kings in Luxor and the Temple of Philae in Aswan for a deep dive into ancient Egyptian history. It is best to plan the trip in advance in order to avoid hassles and scams. The best time to visit is during the winter season, particularly December, since most activities involve outdoor walking and visiting sun-exposed historical sites and tombs, which can be unbearably warm in This content is for members only. Visit the site and log in/register to read.The post From Luxor and Aswan to Gouna: Here’s How Egypt Can Cater to Every Taste first appeared on Egyptian Streets.
- — Enchanted by Egypt: How Non-Egyptian Artists Captured the Allure of the Nile Land
- at 7/23/24 6:31amEgypt has long held a magnetic allure for artists across the globe, inspiring them to capture the enchanting landscapes, rich cultural heritage, and ancient wonders that have captivated the human imagination for millennia. While the country has produced countless renowned artists of its own, it is remarkable to observe how non-Egyptian creative talents have also been drawn to the Nile land, interpreting its essence through their distinct styles and perspectives. Across the channel, the British artist John Frederick Lewis immersed himself in the culture and architecture of Egypt, producing a series of photorealistic paintings that showcased his meticulous attention to detail. Lewis specialized in detailed watercolor and oil paintings of Oriental and Mediterranean scenes, often reusing the same compositions in different mediums. For several years, he lived in a traditional mansion in Cairo, and after returning to England in 1851, he focused on highly realistic genre scenes depicting Middle Eastern life as well as more idealized depictions of upper-class Egyptian interiors with minimal Western influence. In works like The Hosh Courtyard of the Coptic Patriarch, Cairo and The Bezestein, Cairo, Lewis masterfully captures the vibrant colors, intricate patterns, and the This content is for members only. Visit the site and log in/register to read.The post Enchanted by Egypt: How Non-Egyptian Artists Captured the Allure of the Nile Land first appeared on Egyptian Streets.
- — Texting: The Death Knell of Meaningful Communication
- at 7/23/24 6:23amAcademic studies have revealed the concerning impact of excessive social media use, particularly texting, on emotional well-being and interpersonal relationships. Research indicates that increased time spent on social media correlates with heightened feelings of frustration, depression, and self-comparison. Additionally, social media use is disrupting real-life relationships, causing distractions, irritation, and reducing the quality of time spent with loved ones. Experts attribute these issues to the stark differences between face-to-face conversations and digital interactions. The anticipated benefits of technology often fail to align with its actual effects, significantly harming emotional health and diminishing meaningful connections. A study by the School of Communications at Brigham Young University found that the more time an individual spends on social media, the more likely they are to experience a negative impact on their emotional well-being and the quality of their relationships. The studys lead author, Spencer Palmer Christensen, explains, The top three responses for negative effects of social media use on emotions were frustration, depression, and social comparison. The top three responses for negative effects on interpersonal relationships were distraction, irritation, and decreased quality time with their significant other in offline settings. To reflect on This content is for members only. Visit the site and log in/register to read.The post Texting: The Death Knell of Meaningful Communication first appeared on Egyptian Streets.
- — Palestinian Factions Reconcile in China, Agree to Form Unified Government
- at 7/23/24 3:42amVarious Palestinian factions, including Hamas and Fatah, met in China to reconcile and agreed to form a national unity government, Chinese state media reported on 23 July. Known as the Beijing Declaration, China hosted 14 Palestinian factions at their capital from 21 to 23 July. “It is the first time that 14 Palestinian factions have gathered in Beijing for a reconciliation dialogue, bringing precious hope to the suffering Palestinian people,” Chinese state media Xinhua wrote. Husam Badran, a senior official from Hamas, highlighted that the key outcome of the Beijing Declaration was the decision to establish a Palestinian national unity government to oversee Palestinian affairs. This declaration comes at a crucial time as our people face a genocidal war, particularly in the Gaza Strip, Badran stated. This creates a significant obstacle to regional and international interventions that aim to impose conditions against our peoples interests in managing Palestinian affairs post-war. The proposed national unity government will manage Palestinian affairs in Gaza and the West Bank, oversee reconstruction efforts, and prepare for elections. Hamas and Fatah first met in Beijing in April to discuss reconciliation, marking the first known public visit This content is for members only. Visit the site and log in/register to read.The post Palestinian Factions Reconcile in China, Agree to Form Unified Government first appeared on Egyptian Streets.
- — Shanghai Attracts Crowds with New Ancient Egypt Exhibit
- at 7/22/24 6:36amThe Shanghai Museum has inaugurated its latest exhibition, themed “On Top of the Pyramid: The Civilization of Ancient Egypt,” attracting 12,000 visitors on the first day. The Secretary-General of the Supreme Council of Antiquities, Mohamed Ismail Khaled inaugurated the exhibition on 19 July. He highlighted that although this is not the first exhibition in China, it is considered the largest since 2003 in terms of the number of artifacts on display. “From the very first hours of the exhibitions opening, it has received unprecedented public interest in China. All tickets for the first day were sold out, and 250,000 tickets have been sold so far,” he stated. The exhibition, which will run until August 2025, aims to boost tourism and foster cultural collaboration between Cairo and Shanghai while introducing Chinese tourists to Egypts rich heritage. With Shanghai being one of China’s most populous and visited cities, often serving as a transit hub for travelers heading to China or other Asian destinations, this initiative is meant to further enhance global awareness of ancient Egyptian civilization. The exhibition is a part of the Ministry of Tourism and Antiquities’ policy, Law No. 117 This content is for members only. Visit the site and log in/register to read.The post Shanghai Attracts Crowds with New Ancient Egypt Exhibit first appeared on Egyptian Streets.
- — Egypt Faces Decline in Natural Gas Production
- at 7/22/24 5:46amAccording to data from the Joint Organizations Data Initiative (JODI), Egypts natural gas output in May fell to its weakest level since February 2018, a stark contrast from its previous position as a net exporter of the fuel. The drop in production has been partially attributed to operational challenges at Egypts largest gas field, Zohr in Port Said, where output has reportedly declined by one-third since 2019 due to issues like water infiltration. This operational setback, combined with financial liabilities owed to foreign oil companies, has hindered exploration and development efforts, further amplifying the production challenges. The countrys energy issues are compounded by a surge in power demand, driven by several back-to-back heatwaves that have increased the demand for electricity to power air-conditioning units across the nation. Prime Minister Mostafa Madbouly recently acknowledged that Egypts daily power consumption has surged by 12 percent compared to the previous year, creating a deficit of 4 gigawatts. In response to these challenges, the Egyptian government has taken several measures. It plans to accelerate renewable energy projects, aiming to increase the share of electricity generated from renewable sources to 58 percent by 2040 This content is for members only. Visit the site and log in/register to read.The post Egypt Faces Decline in Natural Gas Production first appeared on Egyptian Streets.
- — Egyptian Swims Historic 25km for Environmental Awareness in Dahab
- at 7/22/24 3:58amEgyptian swimmer Mohamed Ayman has achieved a historic milestone by swimming over 25 kilometers in Dahab during an event held on 20 July. The event, titled ‘Swims for Life’, began at Dahab’s iconic Blue Hole diving center and ended at the Three Pools beach — marking one of the longest recorded swimming distances in the Red Sea. The event, aimed at raising environmental awareness and preserving marine life, was primarily organized by Egyptian swimming training center Swimaster. The country’s Ministries of Youth and Sports and the Environment, Olympic Committee, and Modern Pentathlon Federation also aided in organizing and sponsoring the event. “‘Swims for Life’ aims to raise awareness around environmental protection, the impact of climate change, and the importance of protecting marine life and coral reefs using sport as a tool for change,” Swimaster explained in an Instagram post. Ayman completed the swim by crossing a finish line gate made of recycled plastic, highlighting the events emphasis on environmental sustainability, and the use of sports as a tool for change. In recognition of his achievement, Ayman was honored by the Ministry of Youth and Sports, Dahab City Council, the Modern This content is for members only. Visit the site and log in/register to read.The post Egyptian Swims Historic 25km for Environmental Awareness in Dahab first appeared on Egyptian Streets.
- — Unveiling the Grandmasters: Egypt’s Rising Chess Pioneers
- at 7/21/24 3:46pmAs the world celebrated International Chess Day on Saturday 20 July, the spotlight shines brightly on Egypts formidable chess talent, a tapestry woven with the stories of remarkable grandmasters who have etched their names in the game. In the heart of Cairo, Bassem Amin stands tall as the countrys chess icon, a medical doctor by profession and a grandmaster by passion. Amins journey is one of unwavering dedication and unparalleled success, having secured the grandmaster title in 2006 and reigning as the highest-rated Egyptian and African player, with a FIDE (International Chess Federation) peak rating of 2700+. His trophy cabinet boasts an impressive seven African chess championship titles, cementing his status as a true regional powerhouse. Chess Championships, claiming titles in the U10, U12, and U14 divisions. His prodigious talent was further showcased when he finished fourth in the 2004 World Youth Chess Championship U-16 in Greece, paving the way for his historic victory at the 2005 African Junior Chess Championship, which qualified him for the World Junior Chess Championship. Amins dominance extends beyond the continental stage, as he etched his name in the Arab Chess Championship, securing his first This content is for members only. Visit the site and log in/register to read.The post Unveiling the Grandmasters: Egypt’s Rising Chess Pioneers first appeared on Egyptian Streets.
- — US President Joe Biden Ends Re-election Bid, Shakes Up 2024 Race
- at 7/21/24 12:18pmUS President Joe Biden has announced he will not seek re-election, a decision that dramatically alters the 2024 presidential race just four months before the November elections. In a statement on X, Biden expressed his intention to focus on his duties for the remainder of his term and endorsed Vice-President Kamala Harris as his preferred successor. This unexpected move leaves the Democratic Party scrambling to nominate a new candidate. The roll-call vote to formally nominate Biden, scheduled for after 1 August, may now be cancelled. The Democratic National Convention, set to take place in Chicago from 19 to 22 August, will see delegates released to vote for a new candidate. Bidens decision follows weeks of pressure from fellow Democrats after a poor debate performance against Republican candidate Donald Trump in late June raised concerns about his mental fitness and ability to secure another victory. Despite his initial resistance, the 81-year-old president ultimately chose to step aside. pic.twitter.com/RMIRvlSOYw — Joe Biden (@JoeBiden) July 21, 2024 Bidens withdrawal from the race paves the way for Vice-President Kamala Harris to potentially become the partys nominee. In his announcement, Biden praised Harris, stating, My This content is for members only. Visit the site and log in/register to read.The post US President Joe Biden Ends Re-election Bid, Shakes Up 2024 Race first appeared on Egyptian Streets.
- — Adidas Drops Bella Hadid from Campaign Amid Israel Criticism
- at 7/21/24 10:47amAdidas has pulled supermodel Palestinian-American Bella Hadid from an advertising campaign for retro shoes referencing the 1972 Munich Olympics, after facing criticism from Israel. The criticism stemmed from referencing the 1972 Munich Games where Palestinian attackers killed 11 Israeli athletes. Israels official account on X accused Hadid of hostility towards Israel, citing her vocal support for Palestinians and recent financial contributions to Gaza relief efforts. Adidas, acknowledging the sensitivity of the historical connections, issued an apology and announced it would revise the campaign. The German sportswear giant had originally chosen Hadid to promote its SL72 trainers, which were first launched in conjunction with the 1972 Olympics and recently relaunched to revive classic designs. However, images of Hadid modeling the shoes sparked controversy on social media, with Israel linking her involvement to the Munich attacks. Adidas confirmed Hadids removal from the campaign and expressed regret for any unintended distress caused by the campaigns historical associations. Bella Hadid, whose father is Palestinian real estate mogul Mohamed Anwar Hadid, has been a prominent advocate for Palestinian rights. In May, she expressed sorrow on Instagram over the plight of Palestinians and criticized the global This content is for members only. Visit the site and log in/register to read.The post Adidas Drops Bella Hadid from Campaign Amid Israel Criticism first appeared on Egyptian Streets.
- — Egypt Ranks High in Arab World’s AI Readiness
- at 7/21/24 8:39amEgypt ranked second in Africa and seventh in the Arab world in terms of its government’s readiness to implement artificial intelligence (AI), according to the Central Agency for Public Mobilization and Statistics (CAPMAS) 2022 study on the Development of Artificial Intelligence in Egypt from 2010 to 2022. By 2022, Egypt had firmly positioned itself in the field of AI, with roughly 246 companies specializing in the field. A 2024 report by Ipsos, a global market research company, on views on AI in Egypt, revealed that only 36 percent of Egyptians are aware of AI. Among those, 21 percent acknowledged that AI-driven products and services have altered their daily lives over the past three to five years. As for the perceived impact of AI, 30 percent of respondents see more benefits than drawbacks in AI-powered products and services, while 25 percent expressed excitement about these advancements. The Minister of Communications and Information Technology, Amr Talaat, explained in July 2023, that Egypt has risen 17 places in the global ranking of skills related to AI, reflecting the governments dedicated efforts to enhance AI usage and integration. Egypt’s efforts towards developing AI and This content is for members only. Visit the site and log in/register to read.The post Egypt Ranks High in Arab World’s AI Readiness first appeared on Egyptian Streets.
- — Egypt’s Mashroak Program Sets to Champion Youth Entrepreneurship
- at 7/20/24 6:04amThe Ministry of Local Development outlined a new action plan for Mashroak (your business) program from 2024/25 to 2026/27 to support youth entrepreneurs and provide them with easy loans to start their own businesses and support the national economy. According to the Minister of Local Development, Manal Awad, the ministry aims to empower the economy and support small and micro enterprises by financing over 6,500 projects. The Mashroak program was launched in 2015 to finance small businesses. Operated in collaboration with the Ministry of Youth and Sports and six banks, the National Bank of Egypt, Banque Misr (Bank of Egypt), Banque du Caire (Bank of Cairo), the Housing and Development Bank (HDB), the Egyptian Agricultural Bank (EAB), and Bank of Alexandria (AlexBank), the project is planned to continue until 2030. Mashroak focuses on financing micro, small, and medium enterprises to create job opportunities for youth through a national initiative for local and community development; it also targets micro-projects, designed to generate employment for both young people and women, via the local development fund administered by the Ministry. The launch of small businesses across Egypt holds the potential to transform local This content is for members only. Visit the site and log in/register to read.The post Egypt’s Mashroak Program Sets to Champion Youth Entrepreneurship first appeared on Egyptian Streets.
- — Egypt to Halt Load-Shedding as Power Consumption Soars Amid Heatwave
- at 7/19/24 9:54amPrime Minister Mostafa Madbouly announced that load-shedding cuts, wherein power was outed throughout specific intervals to lower the load on the power grid, will stop starting Sunday, 21 July, and continue until mid-September. This move signals the end of load-shedding schedules, as revealed during a press conference on Wednesday following the cabinets weekly meeting. Madbouly clarified that while the load-shedding plan will be halted, some areas in the country might still experience outages due to technical issues. He explained that high temperatures could cause transformers to fail, leading to electricity cuts of two to three hours in affected areas. The government, he assured, will promptly address and resolve any such issues. He further stated that the electricity crisis is expected to be fully resolved by the end of the year, with a comprehensive plan in place to prevent power outages next summer. Recent daily consumption rates have exceeded 37.5 gigawatts, a 12 percent increase from the previous year. To address this surge, the government aims to add 4 gigawatts to the electricity grid. In June, power cuts were extended to three hours per day nationwide due to a severe heatwave, This content is for members only. Visit the site and log in/register to read.The post Egypt to Halt Load-Shedding as Power Consumption Soars Amid Heatwave first appeared on Egyptian Streets.
- — Historic: ICJ Declares Israel’s Occupation of Palestinian Territories is Illegal
- at 7/19/24 9:49amIn a landmark decision, the International Court of Justice (ICJ) has declared Israels occupation of Palestinian territories to be against international law. The court, based in The Hague, Netherlands, delivered its advisory opinion stating that Israel must cease settlement activities in the occupied West Bank and East Jerusalem, and urgently end its illegal occupation of these areas along with the Gaza Strip. While the ICJs opinion is not legally binding, it holds substantial political significance. This is the first instance where the ICJ has pronounced on the legality of the 57-year occupation. The court has been scrutinizing the issue since early last year, following a request from the UN General Assembly for its view on Israels policies towards the Palestinians and the legal status of the occupation. ICJ President Nawaf Salam, announcing the findings, stated, Israels continued presence in the Occupied Palestinian Territory is illegal. He further emphasized that The State of Israel is under the obligation to bring an end to its unlawful presence in the Occupied Palestinian Territory as rapidly as possible. The court also ruled that Israel should evacuate all settlers and compensate Palestinians for the damages This content is for members only. Visit the site and log in/register to read.The post Historic: ICJ Declares Israel’s Occupation of Palestinian Territories is Illegal first appeared on Egyptian Streets.
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