These changes in the global agency's view of the Egyptian economy come after Cairo secured a $35 billion investment from the United Arab Emirates (UAE), adding to a string of international commitments and financing exceeding $50 billion.
“Rafah is on the border with Egypt, which has voiced its deep alarm of a major military of operation there and even raises question on its future relationship with Israel if any impending military operation,” said the US White House National Security Adviser Jake Sullivan in a brief to reporters.
In the meantime, Alexandria Governorate experienced heavy rainfall across several areas, accompanied by a decrease in temperature and brisk winds. This occurrence coincided with what is referred to as "The Sun’s Great Gale," which has affected Egypt’s Mediterranean cities since Saturday and is expected to persist until the upcoming weekend.
This support includes $3 billion for financial backing to Government’s programs and $3 billion for the private sector (including mobilization) – subject to Board approval.
The benchmark EGX30 decreased 6.34 percent, or 1,970.59 points, to end at 29,091.29 points.
Minister Shokry stressed the necessity of eliminating the obstructions set by Israel to cripple the delivery of aid to Palestinians.
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These decisions included the exemption of customs duties on goods and the floating of the Egyptian pound.
Ambassador of Bosnia and Herzegovina to Egypt Thabet Subasic affirmed his country's support for Egypt's efforts to reach a political solution to the Palestinian-Israeli conflict based on a two-state solution, emphasizing that Chairman of the Presidency of Bosnia and Herzegovina Denis Bećirović, stressed the importance of reaching a ceasefire, protecting civilians, and providing humanitarian aid to the people of Gaza.
The ministry pointed out that 20 of those had been established over the past few years to serve 100,000 South Sudanese citizens.
The Anti-Cybercrime Law promulgated by Law No. 175 of 2018 stipulates punishment for the person responsible for managing a website, private account, email, or information system if he conceals or tampers with digital evidence of a crime.
Commander-in-Chief of the Armed Forces and Minister of Defense and Military Production Gen. Mohamed Zaki on Monday sent a cable of greetings to President Abdel Fattah al Sisi, on the 10th of Ramadan victory anniversary.
The value of Egyptian exports to EU members declined by 31.8 percent year-on-year, amounting to $11.8 billion and the value of imports from EU members witnessed a drop of 9 percent and were valued at $19.4 billion
Egypt’s Foreign Minister Sameh Shoukry said on Monday that any future political process in Sudan should include all effective national parties.
Chinese Ambassador to Egypt Liao Liqiang hailed on Sunday Egypt's role to solve the current conflict in the Gaza Strip and efforts to reach a ceasefire.
The purpose of this request is to strengthen Egypt's economy and ensure a sustainable infusion of foreign currency liquidity.
The governor instructed the Aswan Traffic Department to alert drivers of vehicles and cars on highways to reduce their speed, exercise caution to prevent traffic accidents, and prioritize the safety of citizens and tourist groups. This directive particularly emphasizes the "Aswan-Abu Simbel" tourist road and the western desert road "Aswan-Cairo."
Also, a joint press conference between Shoukry and the UNRWA Under-Secretary-General will be held afterwards, the statement continued.
Egypt’s President Abdel Fattah El-Sisi and European Commission President Ursula von der Leyen have signed a joint declaration on strategic and comprehensive partnership between Egypt and the European Union.
Egyptian President Abdel Fattah El-Sisi and Belgium's Prime Minister Alexander De Croo have underscored the severe consequences of any potential operation in the Palestinian city of Rafah in Gaza.