Nervana

This Week in Egypt: Week 5-2023 ( Jan 30- Feb 5)

Posted on February 6, 2023 by nervana111

Top Headlines

Egyptian pound slides past EGP 30 against USD
Egypt’s central bank leaves key interest rates unchanged
US Blinken says U.S. will keep pressing Egypt on human rights
Egyptian FM holds talks with Lavrov in Russia, a day after meeting Blinken
Egypt is poised to announce detailed plan for state stake sales
In a first, Egypt’s Orthodox Church holds mass for Christians in Saudi Arabia

Main Headlines

Monday

Egyptian pound slides past EGP 30 against USD on Monday
US Blinken says U.S. will keep pressing Egypt on human rights

Tuesday

Egyptian FM holds talks with Lavrov in Russia, a day after meeting Blinken
Collective decline in Egypt’s stock market indexes at closing on Tuesday
In a first, Egypt’s Orthodox Church holds mass for Christians in Saudi Arabia

Wednesday

Egypt is poised to announce detailed plan for state stake sales
Egypt calls for political solution to Ukraine Russia conflict: Shoukry
Egypt, Jordan intelligence chiefs convey message of support for Palestinian cause in a meeting with Abbas

Thursday

Egyptian pound slips further against US dollar to 30.3 on Thursday
Suez Canal achieves highest monthly revenue in its history in January at $802 million

Friday

Egypt’s central bank leaves key interest rates unchanged
Egypt hosts new edition of Arab world’s largest book fair amid economic crisis
Air Arabia Egypt launches new route between Cairo and Jazan in Saudi Arabia

Saturday

Egypt invites Hamas, Islamic Jihad leaders to ease tension with Israel
Egypt denies agreement with Israeli company for Suez Canal
Egypt’s intelligence chief discussed Wagner’s presence in Sudan: Report

Sunday

Egyptian non-oil private sector declines to 2-year low
Egypt and Romania discuss enhancing cooperation in several areas
Egypt’s blue-chip index (.EGX30) inched up 0.1%, bouncing back from four sessions of losses
Cairo and Doha hold first meeting for teams in charge of regional affairs

Reports

Blinken seeks detainee progress, but releases are Egypt’s ‘prerogative’. Elizabeth Hagedorn
Saudi writers’ criticism of Sisi’s economic model prompts Egyptian backlash. Middle East Eye
LGBT people are hunted by gangs and police in Egypt. BBC

From Twitter

#Breaking: Russian FM Lavrov says he has received a "specific message" from his #US counterpart through Egyptian Foreign Minister Sameh Shoukry.

Lavrov added that #Egypt has conveyed a message from the US Secretary of State urging Russia to end the war and leave #Ukraine. https://t.co/0LVQnhfrpC
— Mahmoud Gamal (@mahmouedgamal44) January 31, 2023

Asked why Cairo hasn’t listened to US calls for their release, Blinken tells me: “I can’t answer for you why the government does or does not do certain things. Those are its prerogatives.”
— Elizabeth Hagedorn (@ElizHagedorn) January 30, 2023

Egypt's Foreign Minister will pay an official visit to Moscow, where he will meet with his Russian counterpart Sergey Lavrov, Russuan Minister of Industry and Trade, in addition to the Secretary General of the Russian National Security Council. pic.twitter.com/NaG0fkcpGx
— Mahmoud Gamal (@mahmouedgamal44) January 30, 2023

The relations between #SaudiArabia🇸🇦 and #Egypt🇪🇬 is the strongest bilateral relationship between any two nations.

President @AlsisiOfficial has said it right:
"#Cairo & #Riyadh are the two wings of the national Arab Security" pic.twitter.com/Pqh8YQhiOI
— Salman Al-Ansari (@Salansar1) February 4, 2023

And you say that now because? Did you see Sisi begging MBS for money or dreamt about it? so you decided to sing with the Islamists to flame more fires between the two countries?
Because let me tell you: The black hole is ours, and we don’t want your kind bail out! Thanks
— Nervana Mahmoud (@Nervana_1) February 5, 2023

Palestinian official denies rumors that Mohammed Dahlan visited Ramallah last week together with the heads of the Egyptian and Jordanian intelligence agencies. pic.twitter.com/pmKVfKdizS
— Khaled Abu Toameh (@KhaledAbuToameh) February 4, 2023

#Egypt 👇👇 https://t.co/aH4L6zDmJA
— Nervana Mahmoud (@Nervana_1) January 31, 2023

Egypt devalued the Pound 40% in recent months (blue). This removes one of the bigger overvaluations in EM we've been flagging. We still see big overvaluations in Turkey (pink) and Ukraine (purple). All of these are highly idiosyncratic and NOT systemic for the rest of EM… pic.twitter.com/oYaJQV6XN4
— Robin Brooks (@RobinBrooksIIF) February 1, 2023

Posted in Diary of Aak, Egypt | Tagged Egypt, Egyptian pound, lavrov, Russia, Saudi Arabia | Leave a comment

This Week in Egypt: Week 4-2023 ( Jan 23-29)

Posted on January 29, 2023 by nervana111

Top Headlines

US Secretary of State Antony Blinken arrived in Egypt at the start of a Middle East trip
CIA director visited Egypt, met with President Sisi
Egypt expresses its strong rejection and condemnation of East Jerusalem attack, warns of risks of escalation
Egypt’s Sisi, India’s Modi oversee Indian Republic Day parade featuring Egypt’s Armed Forces
Egypt’s oldest mummy found ‘covered in layers of gold’ following year-long excavation

Sec Blinken in Cairo– photo vis US State Dept

Main Headlines

Monday

Egypt’s Sisi defends mega-projects with economy under strain
Italian FM meets with Egyptian officials on migration, Libya

Egyptian lawyers end strike after colleagues are released
Egypt extends route of Giza-Aswan high-speed electric train to Abu-Simbel

Tuesday

CIA director visited Egypt after Libya and Ukraine, meets Sisi
Egyptian zoo overhaul renovation plan raises animal welfare fears

Wednesday

Former referee Mark Clattenburg FLEES Egypt over safety concerns
Egyptians are offered loans to buy books as inflation soars

Thursday

Egypt’s Sisi and India’s Modi oversee Indian Republic Day parade featuring Egypt’s Armed Forces
Cairo and New Delhi to elevate bilateral relations to strategic relationship
Egypt’s religious body calls for boycott over Quran burnings

Friday

Complete Roman city is uncovered in Egypt’s Luxor
Egypt receives 63,000 tons of Russian wheat at Safaga port
Indian firms express ‘huge interest’ in investing in Egypt clean energy & infrastructure projects
Egypt expresses ‘full solidarity’ with Azerbaijan after attack on its embassy in Tehran

Saturday

Egypt expresses its strong rejection and condemnation of East Jerusalem attack, warns of risks of escalation, but called for maximum restraint
Egypt’s oldest mummy found ‘covered in layers of gold’ following year-long excavation
Egypt Inaugurates Bio-Generic Pharma factory to produce mRNA vaccines, biologics

Sunday

US Secretary of State Antony Blinken arrived in Egypt at the start of a Middle East trip
US stands with Egypt, its people in their pursuit of prosperous future: State department
President Sisi underscores special Egypt-Armenia ties in historic first visit to the country
Egypt, Azerbaijan leaders discuss boosting bilateral relations in Baku

Report/ Read

A crisis of confidence in Egypt: : After a decade of deficits, the government is running out of options. The Economist
To save Egypt’s economy, get the army out of it. The Economist.
In Egypt, economic heat of Russia’s war in Ukraine is only getting worse. Amr Emam
Laughing the pain away: How Egyptians talk about the economic crisis in memes. Zeinab El-Gundy
US State Department statement on US-Egypt relationship
Faiyum Oasis: The heart-shaped hidden garden of Egypt. Robbie Mitchell

From Twitter

Thank you @USEmbassyCairo for your dedication and service to the American people and the U.S.-Egypt relationship. Wonderful to see the team and see their hard work first-hand. pic.twitter.com/2DoFHdYSqW
— Secretary Antony Blinken (@SecBlinken) January 29, 2023

Enjoyed hearing from these young Egyptian leaders who are promoting our shared values and strengthening our important bilateral relationship—this makes me optimistic about our future. pic.twitter.com/oP8sBx6pzu
— Secretary Antony Blinken (@SecBlinken) January 29, 2023

Egypt looks like it is returning to be a key partner of the US and as it plays a role in Israel’s ties with the Gulf, these will potentially add up to more stability in the region.

Analysis by @sfrantzman | #Egypt | #Israel | #MiddleEast https://t.co/j5yLPxex4a
— The Jerusalem Post (@Jerusalem_Post) January 29, 2023

Delighted to welcome President Abdel Fattah el-Sisi and hold talks with him to boost cooperation between India and Egypt. @AlsisiOfficial pic.twitter.com/BG9AnVWSuO
— Narendra Modi (@narendramodi) January 25, 2023

Egypt's President Al-Sisi, General Intelligence Chief Abbas Kamel meet the CIA Director William J. Burns. pic.twitter.com/Wfp3vwgw3H
— Mahmoud Gamal (@mahmouedgamal44) January 23, 2023

An Egyptian army contingent particpating in India's Republic day military parade for the first time ever, in presence of Egypt's President al-Sisi. pic.twitter.com/oSC0d9DN1a
— Mahmoud Gamal (@mahmouedgamal44) January 26, 2023

Watch: #Egypt’s President Abdel Fattah el-Sisi joins #India’s President Droupadi Murmu and Prime Minister Narendra Modi as the guest of honor to mark India's 74th Republic Day with a colorful parade and military show.#RepublicDay2023 https://t.co/ZzmcQFQy0O pic.twitter.com/aiYFfrLBsc
— Al Arabiya English (@AlArabiya_Eng) January 26, 2023

Egypt's Giza Zoo was a symbol of modernity when it was founded in 1851.

It's now in desperate need of an update, with experts saying its practices are rooted in the 1950s.

But plans to overhaul it have raised concerns among animal welfare groups.

More: https://t.co/2SBPoHtvGP pic.twitter.com/QgVuiv4kdj
— BBC News Africa (@BBCAfrica) January 24, 2023

Video for #Egyptian🇪🇬 military contingent practicing for #India🇮🇳 Republic Day parade.
Egypt participation in 🇮🇳Republic Day are receiving wide interest from 🇮🇳, due to the agreements that will result in various fields, which will deepen the 🇪🇬-🇮🇳 relations & mutual interests. pic.twitter.com/gADwXKI5eq
— Waleed Sami (@Willy_Egy) January 24, 2023

Egypt can learn a lot from Greece.

Populism (and Islamism) will hamper Egypt’s economic reforms. @AlsisiOfficial https://t.co/w5txqHIgvU
— Nervana Mahmoud (@Nervana_1) January 23, 2023

One added, 'because of the religion', but it's not clear to me whether Christian Egyptians could enter or not. The police guards were quite friendly and apologetic about it. "Orders from high up," they excused themselves #Egypt #Alexandria
— Eduard Cousin (@EduardCousin) January 25, 2023

So much for tolerance for Egyptians themselves to visit, admire and connect with their Jewish heritage. "Second class citizen in your own country," my Egyptian friend remarked #Egypt
— Eduard Cousin (@EduardCousin) January 25, 2023

So, after all the money spent on renovation, in the end it's just a show for tourists, not a celebration of Egyptian Jewish heritage, as it is carefully shielded from the Egyptians population, and the Egyptian reality if I may
— Eduard Cousin (@EduardCousin) January 25, 2023

Why #Taliban banned girl education?
The answer is in the poem of legendary Egyptian poet Ahmed Shawqi

“If women grew-up in illiteracy, they will feed men ignorance and apathy”

That’s what Taliban wants— a nation of ignorants they can rule.#Afghanistan @BBCYaldaHakim pic.twitter.com/a8RmwyjYVh
— Nervana Mahmoud (@Nervana_1) January 23, 2023

Sami Sharaf— the ugly face of #Nasser era has died.

Hard to find anything good about his legacy!#Egypt https://t.co/pYCQ9FuAkh
— Nervana Mahmoud (@Nervana_1) January 24, 2023

Siwa Oasis, Egypt. The 95% salt concentration increases the density of water and buoyancy, making it so you can't sink.pic.twitter.com/9f6M3vhi4P
— Fascinating (@fasc1nate) January 29, 2023

Posted in Diary of Aak, Egypt | Tagged Armenia, Egypt, Egypt's economy, India, Sec Blinken, Sisi | Leave a comment

This Week in Egypt: Week 3-2023 ( Jan 16-22)

Posted on January 22, 2023 by nervana111

Top Headlines

Egypt vows to cut military’s outsized role in economy under IMF bailout
Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation, Fitch Ratings says
Businessman Safwan Thabet, who faced accusations of funding “terrorist entities”, was released from prison
UAE hosted Gulf leaders including Qatar’s along with Egypt and Jordan
Leaders of Egypt, Jordan and the Palestinians deliver a warning to Israel
Egypt’s Sisi instructs building large inclusive mosques across Egypt to spread ‘true religion’

Safwan Thabet, right, is the founder of Juhayna Food Industries. His son Seif el-Din Thabet, left, is the company’s chief executive © Image supplied by friends of the family via FT

My weekly Egypt’s podcast

Main Headlines

Monday

Foreign investors pour $925 million into Egypt since last week’s devaluation
Leaders of Egypt, Jordan and the Palestinians deliver a warning to Israel

Tuesday

Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation, Fitch Rating says
Egypt to roll out program for cheaper bread price as inflation worsens

Wednesday

Sisi arrives in UAE for Abu-Dhabi summit
- UAE hosts Gulf leaders including Qatar’s along with Egypt and Jordan
Sisi pardons inmates on occasion of January 25 Revolution and Police Day

Thursday

Egypt’s Sisi promotes three army commanders to Lieutenant General
President Sisi: Egypt will overcome hard circumstances
Egypt cabinet grants train catering management rights to private company owned by business tycoon Naguib Sawiris
Sudan’s main pro-democracy group declines Egypt’s mediation offer

Friday

Emerging-market investors are preparing to creep back into Egypt’s local debt market, enticed by a cheaper pound and record yields when compared with peers
Egyptian lawyers strike to protest the imprisonment of six colleagues
Egypt court reduces sentences against businessman, former MP for antiquity trafficking

Saturday

Founder of Egypt’s Juhayna Food Industries and his son, who faced accusations of financing terrorist entities , are released from prison
Egypt’s Sisi instructs building large inclusive mosques across Egypt to spread ‘true religion’

Sunday

Egypt responds to Hassan Nasrallah’s remarks on economic situation
Egypt is drafting legislation to regulate social media platforms
Cairo court sentences six to death over terror charges
Chief diplomats boycott Libya-hosted Arab League meeting

Reports/ Read

How Cairo cracked down on one of Egypt’s leading businessmen. Andrew England
Egypt’s soaring prices drive home economic pain. Mariam Rizk
Egypt’s deepening economic crisis. FT
Egypt vows to cut military’s outsized role in economy under IMF bailout. Andrew England
Is Egypt the “new Lebanon”? Cathrin Schaer

From Twitter

"It is often assumed that #Egypt is too important to fail [..]. But the reality is with an estimated 60mn people living below or just above the poverty line and getting poorer, the state is already failing its citizens" @FT editorial board writeshttps://t.co/XlAnRBwTgv
— Eduard Cousin (@EduardCousin) January 17, 2023

A transaction I heard of:

USD from the black market: 33.5 EGP

Official: 29.7-30 EGP

Gap narrowing. #Egypt
— The Big Pharaoh (@TheBigPharaoh) January 16, 2023

In this week's Hanke's #CurrencyWatchlist, #Egypt takes the 6th spot. Contrary to IMF speak, countries can't devalue their way to prosperity. The Egyptian pound has depreciated against the USD by 46.6% since Jan 2022. pic.twitter.com/CEcmD0hzJt
— Steve Hanke (@steve_hanke) January 20, 2023

President Abdel Fatah al-Sisi holds meeting with Palestinian counterpart Mahmoud Abbas and King Abdullah of Jordan in Cairo’s Al Itihadiyah Presidential Palace#Egypt #Palestine #Jordan | #مصر #فلسطين #الاردن pic.twitter.com/c0mvR7kKni
— Egypt Today Magazine (@EgyptTodayMag) January 17, 2023

I was pleased to host my brothers, leaders of the GCC, Jordan and Egypt, in their second home, the UAE. We remain committed to strengthening and deepening our bonds of cooperation across all fields, to achieve further development, prosperity and stability for our region. pic.twitter.com/iUiv1xG1xE
— محمد بن زايد (@MohamedBinZayed) January 18, 2023

President HH Sheikh Mohamed bin Zayed Al Nahyan receives HE President Abdel Fattah El Sisi of Egypt at Presidential Flight in Abu Dhabi #UAE #Egypt #AbuDhabi @MohamedBinZayed @AlsisiOfficial @UAEembCairo pic.twitter.com/NJWajQkFh1
— UAE Forsan (@UAE_Forsan) January 18, 2023

In Abu Dhabi 🇦🇪 … the capital of diplomatic power. pic.twitter.com/5v6LqB59Qm
— حسن سجواني 🇦🇪 Hassan Sajwani (@HSajwanization) January 18, 2023

Egypt's President al-Sisi will pay an official visit to New Delhi next week, as India invited him to be a chief guest at the Indian Republic Day Celebrations.

Egypt will also dispatch a 180-member military contingent to take part in the R-day celebrations in New Delhi. 🇪🇬🇮🇳 pic.twitter.com/75csODTEmX
— Mahmoud Gamal (@mahmouedgamal44) January 20, 2023

Libyan FM Fathi Bashagha: We thank brotherly Arab & Islamic countries, headed by Egypt, Saudi Arabia, UAE, General Secretariat of Arab League, for refusal to participate in "the play" that outgoing Government tried to market to claim it is internationally recognized government. pic.twitter.com/LJ9H6sAaGk
— The Libya Update (@TheLibyaUpdate) January 22, 2023

How Cairo Stadium looks like during the most important derby in Egypt. The security establishment allows only very few fans to go the stadiums, the regime is still afraid of any congregation. https://t.co/mE4WC1Mn4c
— The Big Pharaoh (@TheBigPharaoh) January 21, 2023

FM Qin visited the Egyptian Museum to appreciate the splendor of ancient Egyptian civilization. China and Egypt are two great civilizations and closer #China–#Egypt relations will surely make greater contributions to the world's peace and development. pic.twitter.com/yEtrF8Is0d
— Hua Chunying 华春莹 (@SpokespersonCHN) January 16, 2023

Egypt's largest train station is to open later this year in Giza. Check out the construction progress! #Egypt 🇪🇬 pic.twitter.com/TvYZjfqMdt
— Nigel J.Hetherington CEO (@Pastpreservers) January 21, 2023

The cost of an entry visa to Egypt is just $25 and hasn't changed in years. Surely a simple way to help increase the country's foreign currency reserves would be to raise this cost? $25 is nothing compared to what other countries charge.
— Mohamed Khairat (@khairatmk) January 19, 2023

Just can’t get enough of these Spur-winged plovers at the moment! They live and breed along the #Nile delta, but seem to prefer spending most of their time chilling by the pool! With a backdrop of the Valley of the Kings, #Egypt certainly is unique. What beautiful birds 🇪🇬 pic.twitter.com/UxenhLOquP
— Joel Ashton (@_JoelAshton) January 20, 2023

Nuweiba’s Hidden Gem .. Wadi al-Weshwashy – South Sinai Egypt #Egypt #Sinai #تصويري pic.twitter.com/Trtk8EuFcQ
— Sam Ibrahim (@SamIbrahim0) January 21, 2023

Nervana Mahmoud

Posted in Diary of Aak, Egypt | Tagged AbuDhabi summit, Egypt, Egyptian Economy, Fitch, Safwan Thabet, Sisi | Leave a comment

This week in Egypt: Week 2-2023 ( Jan 9-15)

Posted on January 15, 2023 by nervana111

Top Headlines

Eni, Chevron announce new gas discovery in Egyptian East Med field
Egyptian pound hits new low against US dollar
IMF: Egypt aims to bridge financing gap by selling state-owned assets
Negev Forum convenes in UAE with Jordan absent from Arab-Israeli meeting
Egypt says ancient royal tomb unearthed in Luxor
Rounding off Africa tour, China’s top diplomat visits Egypt

Podcast summery

Main Headlines

Monday

Cargo ship went aground was refloated in Egypt’s Suez Canal
Egyptian pound hits new low against US dollar
Cairo sees Israel as being led by ‘2 governments,’ Egypt official reportedly says
Negev Forum convenes in UAE with Jordan absent from Arab-Israeli meeting

Tuesday

Egypt to receive the second tranche of IMF’s $3 bln loan by end of March, says Mission head
Inflation in Egypt continues to skyrocket, leaving citizens struggling to buy basics

Wednesday

Egyptian pound‘s losses against USD reach 100% since March
Three men try to steal 10-ton ancient statue of Ramesses II in Egypt with crane
Egypt released $1.5 billion worth of stranded imports since 1 Jan

Thursday

Saudi Arabia urges Ethiopia to act responsibly to reach GERD deal with Egypt, Sudan
Sharm El-Sheikh is hosting Indian destination wedding this month
Egyptian Centre for Women’s Rights files complaint against TV anchor for promoting violence against women

Friday

Dollars flow into Egypt currency market after depreciation -bankers
Saudi Arabia, Egypt urge Tehran to avoid interference in the affairs of regional countries
Pharaoh Ramses II’s sarcophagus is in Paris for a rare loan

Saturday

Egypt invites Elon Musk to visit after tweet
Royal tomb from Thutmosid period discovered on Luxor’s West Bank
Egypt’s exports rise by 23% year-on-year in first 10 months of 2022: CAPMAS

Sunday

Eni and Chevron announce new gas discovery in Egyptian East Med field
Egypt sentences 38 people to life in prison over 2019 protests
Rounding off Africa tour, China’s top diplomat visits Egypt
Egypt aims to bridge financing gap by by selling state-owned assets: IMF
Egypt to launch initiative to support industry, agriculture with 11% interest rate loans

Reports

Egypt’s currency drop barely closes gap with black market rate. Netty Idayu Ismail
Factbox: All you need to know about Egypt’s commitments, targets under new IMF programme. Doaa Moneim
IMF’s press release and staff report on Egypt
Egypt, facing economic crunch, restricts non-essential travel for government. Al-Monitor
In Egypt, massive funding for new mosques is questioned amid economic crisis. Al-Monitor
How Britons can swap miserable weather for a month-long sunshine holiday in Egypt for (almost) the same cost as living at home Daily Mail

Read

Egypt: Integrating the informal economy Gamal Essam El-Din

From Twitter

#Breaking: Eni announces a new natural gas discovery at Narges exploration well in Eastern Mediterranean offshore Egypt, with an estimated gas reserves of 3.5 trillion cubic feet. pic.twitter.com/ThVMJj0C4S
— Mahmoud Gamal (@mahmouedgamal44) January 15, 2023

Egypt has discovered a royal tomb dating back some 3,400 years. This means it could belong to the same dynasty as the boy king Tutankhamun.
https://t.co/Oo88YBIMqn
— DW News (@dwnews) January 14, 2023

Ancient Egypt was 🔥🔥
— Elon Musk (@elonmusk) January 12, 2023

.@elonmusk you bet! Come join us unravel more untold stories about #AncientEgypt at the Grand Egyptian Museum #GEM with the full & never-before-seen collection of king Tutankhamun…It’s an unparalleled experience & #Egypt welcomes you 🇪🇬. https://t.co/sFYLs2CMrE
— Rania A. Al Mashat (@RaniaAlMashat) January 13, 2023

After a few months, the rate of inflation will fall and interest rates can follow suit, helping govt finances. It’s a very tough lesson, not least for decision-makers, and very painful for most people & business. Twitter not best forum for views. Email for commentary & context.
— Angus Blair (@AngusBlair1) January 11, 2023

Egypt’s Gulf allies need to deliver on billions of dollars of investment pledges on schedule to ensure the North African country covers its external funding gap, the IMF says https://t.co/PuWujJklxc
— Bloomberg Middle East (@middleeast) January 11, 2023

Inflation in Egypt is more than Ukraine, a country in war. https://t.co/cQxNgaILjg
— The Big Pharaoh (@TheBigPharaoh) January 15, 2023

Last December, the IMF said that Egypt's IMF program included policies aimed at reducing inflation in Egypt. How is that working? Like many IMF programs: NOT WELL. Today, I measure inflation in Egypt at a punishing 88%/yr. pic.twitter.com/6l9ZH2LFTH
— Steve Hanke (@steve_hanke) January 11, 2023

In a Reaction Shot for Diwan, @SayighYezid examines the recent IMF deal with #Egypt, in which, for the first time, Egypt's government agreed to include the country's military companies in the mix. That said, Sayigh wonders if it is all too good to be true: https://t.co/sid1tR9qkP
— Michael Young (@BeirutCalling) January 12, 2023

BREAKING: Suez Canal Authority says cargo ship that went aground in Egyptian waterway has been refloated.https://t.co/rHDdbNZSjS
— The Associated Press (@AP) January 9, 2023

#IMF expects #Egypt's GDP to reach 5.3% in FY2024, 5.7% in FY2025, 5.9% in FYs 2026 and 2027, and 6% in FY2028 pic.twitter.com/v54X5qHFor
— Daily News Egypt (@DailyNewsEgypt) January 10, 2023

Italy submits a proposal to Egypt to work on a joint $2.8 billion direct electricity interconnection project between the two countries with a capacity of 2.5-3 GW.

Worth noting that Egypt & Greece are working on a joint 2GW power grid linkage project worth more than $3 billion. pic.twitter.com/xKVUVIaovo
— Mahmoud Gamal (@mahmouedgamal44) January 9, 2023

Egypt has already an electricity surplus of 25GW, most of it were added to the national grid via three 14GW combined-cycle power plants. However, due to Egypt's current need to export more natural gas, it has shifted to add new electricity generation capacity of renewable energy. pic.twitter.com/8UY9pnjSOw
— Mahmoud Gamal (@mahmouedgamal44) January 9, 2023

MENA military rankings by Global Firepower
1. Turkey
2. Egypt
3. Iran
4. Israel
5. Saudi Arabia
6. Algeria
7. Iraq
8. UAE
9. Morocco
10. Syria
11. Qatar
12. Tunisia
13. Yemen
14. Sudan
15. Oman
16. Kuwait
17. Bahrain
18. Libya
19. Jordan
20. Lebanonhttps://t.co/S20qwYLDMv
— Joyce Karam (@Joyce_Karam) January 12, 2023

Abdi welcomes Egypt, Saudi Arabia stances regarding Turkish threats https://t.co/qf90c4Aqne
— Mutlu Civiroglu (@mutludc) January 15, 2023

Ancient Egypt was 🔥🔥
— Elon Musk (@elonmusk) January 12, 2023

Watch: An Egyptian man, who beheaded his wife then sent a selfie he took with her severed head to her parents, refuses to turn himself in before speaking to journalists to explain "his situation."#Egypt https://t.co/JQYrkiWBhP pic.twitter.com/89hTnMs6Wq
— Al Arabiya English (@AlArabiya_Eng) January 10, 2023

#Egypt before Islamism…when rural dress code was sexy pic.twitter.com/ysdS93a1rF
— Nervana Mahmoud (@Nervana_1) January 9, 2023

Visiting the Grand Egyptian Museum today. I couldn’t take pics on the left; several huge staircases full of ancient statues, but the whole building is stunning. It will be a must-visit for every visitor to Egypt and a global attraction. #tourism #ancientEgypt #Egypt pic.twitter.com/vy7GPKfEfQ
— Angus Blair (@AngusBlair1) January 13, 2023

Cairo by night pic.twitter.com/ocv1uJi9u1
— Georges Fahmi (@GeorgesFahmi) January 11, 2023

Maimonides passed away on this day in 1204 in Cairo, Egypt 🇪🇬. His monumental works have had a lasting impact on Jewish thought and practice. He continues to inspire us, especially at our Jewish communities here in the region 🇦🇪 🇸🇦 🇮🇱 🇧🇭 🇲🇦. https://t.co/rGOWH9gcxI
— Avi Kaner ابراهيم אבי (@AviKaner) January 14, 2023

14 January is the traditional date for the informal medieval French Catholic feast known as the "Fête de l'âne" (Feast of the Ass or Festum Asinorum) celebrating the Holy Family's Flight into Egypt. pic.twitter.com/Wxz2fj4uWH
— Alberto Miguel Fernandez (@AlbertoMiguelF5) January 14, 2023

Nervana Mahmoud

Posted in Diary of Aak, Egypt | Tagged Egypt, Egyptian pound, Eni, Gas, IMF | Leave a comment

This Week in Egypt: Week 1-2023 ( Jan 2-8)

Posted on January 8, 2023 by nervana111

Top Headlines

Egyptian pound sinks to new low in biggest fall since October devaluation
Egypt’s Sisi wished Egyptians merry Christmas, attended Christmas mass
Israel ties with Egypt is strained by recent Israeli moves, hindering prisoner swap talks
Egypt presented a new platform for dialogue between parties in Sudan
A looted ancient Egyptian sarcophagus, Green Coffin, that was on display at a US museum has been returned to Egypt
Egypt buys 12 Chinook helos from Boeing

Main Headlines

Monday

Looted ancient sarcophagus, “Green Coffin” is returned to Egypt from United States
Egypt’s Suez Canal sings MoU with the American Bureau of Shipping to boost green transformation
Egyptian court sentences cart driver to 1 year in jail for brutally beating his horse

Tuesday

Egypt buys 12 Chinook helos from Boeing
Egypt’s international reserves inches up to the highest level in 7 months

Wednesday

Egyptian pound crashes to record low against US dollar
Egyptian business reduce output and cut jobs as they grapple with the impact of a dramatic currency devaluation that helped authorities secure an IMF deal
Egyptian stock market sees record trading despite 25% bank certificates
Attracting foreign investment is Egypt’s top priority, says PM

Thursday

Egypt’s oil and gas sector is growing despite economic crisis
Egypt presented a new platform for dialogue between parties in Sudan
Egypt needs EGP70 trillion to achieve aspirations of Egyptians for development: Egypt’s Sisi
Two Libyan leaders hold talks in Egypt; affirm to announce peace road map soon

Friday

Egypt’s Sisi greeted the Egyptian people on Christmas
Report: Hamas rejects Egypt-brokered prisoner exchange deal

Saturday

Egypt ‘s Sisi attended Christmas mass at the Cathedral of the Nativity of Christ in the New Administrative Capital
Egypt welcomes outcomes of Libyan leaders’ Cairo meeting as important step toward elections
Egypt arrests a man who urged couples to wed soon to avoid marriage fees
Egypt-EU cooperation on migration worth 111 million euros: Berger

Sunday

Egypt and Greece mull naming international consultant for joint power linkage project
Report says Netanyahu promised Egypt’s Sisi he’d stop Ben Gvir’s Temple Mount visit, then reneged
Record-high number of doctors resign from Egypt’s public health sector in 2022: Syndicate

Reports

Archaeologists didn’t dig up a mythological tomb of Osiris. Ali Swenson
How Egyptians face a food crisis: With creativity … and half a loaf. Taylor luck
Arabs celebrate Umm Kulthum pick on Rolling Stone’s 200 greatest singers Adam Lucente
Good vibes in Sharm e-Sheikh for Israelis touring Egypt. Brian Blum

From Twitter

Head of #Egypt’s General Intelligence Service (GIS) Abbas Kamel arrives in Khartoum and meets with General Abdel Fattah Al Burhan, Chairperson of the Transitional Sovereignty Council of #Sudan pic.twitter.com/luK8zsBnq4
— Daily News Egypt (@DailyNewsEgypt) January 2, 2023

There is currently a gold rush in Egypt as its currency collapses

Gold is at record highs

The local gold market is now disorientated, with some merchants suspending buying and selling operations until the market stabilizes

This is what happens when you have a currency crisis
— Gold Telegraph ⚡ (@GoldTelegraph_) January 5, 2023

After a dip last week due to the state’s efforts to secure supplies for the market, prices for wheat & other commodities rose again this week, as the ongoing dollar shortage hampers the release of backlogged goods from ports and the market braces for further currency devaluation
— Mada Masr مدى مصر (@MadaMasr) January 5, 2023

Yesterday, the Taliban's Siraj al-Din al-Haqqani met with a delegation of religious scholars from Egypt, Sudan, and Palestine. In the meeting, the scholars "praised the triumph of the jihadi struggle and called it an amazing victory." pic.twitter.com/dYsOsCTc46
— Aaron Y. Zelin (@azelin) January 7, 2023

The #Cairo meeting between Agilah Saleh & Khalid al-Mishri failed to produce tangible progress or results. This was just another maneuver by the two men in an attempt to appear to be doing something with aim of circumventing any tracks/initiatives that could sideline them. #Libya
— Mohamed Eljarh (@Eljarh) January 5, 2023

#Egypt, #Greece mull naming international consultancy firm that will conduct the technical and economic feasibility study of the electricity interconnection between the two countries.https://t.co/NxuE7Pk7DH
— Emerson (@EEmerson14) January 8, 2023

ICYMI: Egypt’s first international birdwatching festival attracted nearly 200 wildlife enthusiasts and photographers pic.twitter.com/IpsAsbwGVt
— Reuters (@Reuters) January 2, 2023

Egypt is the only African country on Pornhub's Top 20 Countries by Traffic list for 2022. The country is ranked no. 18. pic.twitter.com/l8HXT3k2wd
— Africa Facts Zone (@AfricaFactsZone) January 2, 2023

I don’t know whether I should be proud of the progressiveness of ancient #Egypt, or be sad by the current creeping regressiveness in my native country? pic.twitter.com/hF9AbwlEWg
— Nervana Mahmoud (@Nervana_1) January 8, 2023

Wow…#Egypt’s legendary Umm Kulthum ranked 61 on the @RollingStone’s 200 greatest singers EVER
💃💃❤️❤️🎵🎵

She is an acquired taste to non-Arabic listeners, but she is worth it.
Listen to her on vinyl record for an authentic experience!https://t.co/aoOpHKcF5k via @AlMonitor
— Nervana Mahmoud (@Nervana_1) January 5, 2023

Egyptian bread is truly wonderful. After all, there is a reason why it is called aish "life".

If you want to read more about Egyptian bread, you can do so here:https://t.co/emMNk0N3GJ #Egypt https://t.co/keV9LzDYAR
— Manon Y. Schutz (@ManonYSchutz) January 5, 2023

Posted in Diary of Aak, Egypt | Tagged Christmas, Copts, Egypt, Egyptian pound, Green Coffin, Israel, Libya, Sudan | Leave a comment

This Week in Egypt: Week 52-2022 ( Dec 26- Jan 1- 2023)

Posted on January 2, 2023 by nervana111

Top Headlines

At least three people have been killed in an attack on a police checkpoint in the Suez Canal city of Ismailia
The Egyptian branch of ISIS claimed responsibility for the attack
Egypt’s Sisi calls to congratulate Netanyahu, cautions against inflammatory measures
Egypt launches new bid round for Mediterranean, Nile Delta oil and gas exploration

Main Headlines

Monday

Egypt’s biggest children’s cancer hospital is plagued by financial crisis
Egypt eases rules for tax-free car import programme
President Sisi: Egypt is keen on producing strategic commodities to reduce demand for dollars
Egypt launches new bid round for Mediterranean, Nile Delta oil and gas exploration

Tuesday

Gold price soars in Egypt as local currency weakens
Grand Imam of Al-Azhar faces backlash for wishing Christians a Merry Christmas Grand Imam of Al-Azhar

Wednesday

Egypt launches new bid round for Mediterranean, Nile Delta oil and gas exploration
Egyptian Armed Forces eliminates 160 cannabis farms

Thursday

Egypt’s currency crisis is creating a massive port backlog
Egypt achieves 53 oil & gas discoveries in 2022
Egypt raises debt-to-income ratios for home-buyers mortgage finance to 50%

Friday

Three Egypt policemen killed in a terror attack in Suez Canal
Egypt lifts import curbs, backs bigger private sector role to meet IMF demands

Saturday

Egyptian authorities release new batch of 27 pretrial detainees

Sunday

ISIS claims responsibility for attack in Egypt that killed three policemen
Egypt’s Sisi calls to congratulate Netanyahu, cautions against inflammatory measures

Reports

‘There are no dollars’: foreign currency crunch hits Egypt’s economy. Heba Saleh
Second-hand cloths offer Egyptians respite as inflation skyrockets. Amr Emam

Read

Muslim Brotherhood at the crossroads: Where now for Egypt’s once-powerful group following leader’s death in exile, repression at home? Ioana Emy Matesan

From Twitter

The biggest declared buyers of gold this year are from nations facing serious problems:

🇹🇷Turkey
🇪🇬Egypt
🇮🇳India
🇮🇶Iraq https://t.co/kQDoGE4Aad
— Bloomberg Opinion (@opinion) December 29, 2022

The deadly ISIS attack in Egypt on Friday is a message. ISIS may be down but they aren't out.#ISIS | #Egypt | #Terrorism https://t.co/YohiGjyOiH
— The Jerusalem Post (@Jerusalem_Post) January 2, 2023

Another tweet from this person who lives in USA celebrating the terrorist attack that happened in Egypt today also threatening for more to come .
I hope you pay attention to such potential terrorists in your country @DHSgov @CIA @FBI https://t.co/ANM3vT7paI pic.twitter.com/9pckrFFQQa
— 🌜🇪🇬MooN🇪🇬🌛 (@MooN26072013) December 31, 2022

Unbelievable work is currently underway in Egypt's Sinai peninsula to install the main infrastructure of a MEGA agricultural project that aims at reclaiming and cultivating over 500,000 feddans of desert lands in North and Central Sinai. pic.twitter.com/6RxghQlYlZ
— Mahmoud Gamal (@mahmouedgamal44) December 29, 2022

Some commenters are attacking the Grand Imam of Al-Azhar over this message. This is what Wahabism did to Islam for the past 40 years. Glad there is a u-turn now. https://t.co/YobynVj3D3
— The Big Pharaoh (@TheBigPharaoh) December 25, 2022

Egypt is digging a man-made river in the desert to reclaim 2.8 million acres of land, and turn it into agricultural land at a cost of $58 billion. pic.twitter.com/UBbxUKpiHt
— Africa Facts Zone (@AfricaFactsZone) December 31, 2022

The Holy Innocents are the children of Bethlehem, put to death by order of King Herod, as part of his efforts to eliminate the child Jesus, whom prophecies announced as the Messiah. Mary and Joseph were warned to flee to Egypt after the birth of Jesus. pic.twitter.com/vCR2nqsNIU
— Vatican News (@VaticanNews) December 28, 2022

A Muslim Brotherhood terrorist assassinated the Prime Minister of Egypt 🇪🇬, Mahmud Fahmi Nokrashi, on this day in 1948. While the terror group has been outlawed in many Arab nations, Hamas Muslim Brotherhood today rules over the Gaza Strip. pic.twitter.com/sxaXJW1L0N
— Avi Kaner ابراهيم אבי (@AviKaner) December 28, 2022

Egypt is building the world's fifth longest high-speed rail network at a cost of $38 billion. pic.twitter.com/sgFXxDlg6e
— Africa Facts Zone (@AfricaFactsZone) January 2, 2023

Shabbat Shalom from Egypt! pic.twitter.com/Cz3sT6Jywy
— Ambassador Tom Nides (@USAmbIsrael) December 30, 2022

As if they were still alive….

📸 me #VisitEgypt #ThisIsEgypt pic.twitter.com/zzbkmCyKcs
— 🇪🇬 Ahmed Sameh (@EgyptWithAhmed) January 1, 2023

Happy New Year 2023

Nervana Mahmoud

Posted in Diary of Aak, Egypt | Tagged Egypt, gas exploration, Gold, ISIS, Sisi, Suez Canal | Leave a comment

This Week in Egypt: Week 51-2022 ( Dec 19-25)

Posted on December 25, 2022 by nervana111

Top Headlines

Egypt’s Central Bank hikes interest rates to limit inflation
Egypt is reportedly holding up the transfer of a pair of Red Sea islands to Saudi Arabia
The chairman of Egypt’s Suez Canal affirmed the waterway is “not for sale”, in a bid to allay fears over a draft law
Libyan Parliament rejects Egypt’s demarcation of maritime borders
Al-Azhar grand imam calls on Taliban to reconsider university ban for Afghan women
Egypt participates in Tanzania’s Julius Nyerere dam inauguration

Main Headlines

Monday

Over 153,000 ration-cards were revoked in 2022 in Egypt
Egypt’s strategic reserve of wheat, commodities sufficient for 4-6 months

Tuesday

Egypt’s Sisi meets with French president Macron on sidelines of Baghdad Conference hosted by Jordan
Egypt, Jordan, and Iraq agree to intensify coordination amid current regional challenges
Hundreds flock to Egypt’s Luxor to witness annual Karnak Temple solar alignment

Wednesday

Egypt is re-elected for membership of UN Peacebuilding Commission
UAE to deport Egyptian-American activist who called for Cop27 protests
World Bank approves $500 million to expand social security in Egypt

Thursday

The chairman of Egypt’s Suez Canal affirmed the waterway is “not for sale”, in a bid to allay fears over a draft law
Egypt FM attends the inauguration of Tanzania’s Tanzania’s Julius Nyerere Dam inauguration ceremony
Egyptian drug authority and UK ambassador discuss promoting ties in drug monitoring

Friday

Egypt is reportedly holding up the transfer of a pair of Red Sea islands to Saudi Arabia
Egypt’s central bank raises key interest rates by 300 base points
Libyan Parliament rejects Egypt’s demarcation of maritime borders
Al-Azhar grand imam calls on Taliban to reconsider university ban for Afghan women

Saturday

A basketball stands partly collapsed, injuring 27 in Egypt
Egypt targets 5.5% GDP growth in 2023-2024 fiscal year
Recession hits mobile market due to high prices, supply shortage
Egypt’s Catholics and Anglicans celebrates Christmas

Sunday

Central Bank of Egypt to combat fake US dollar currency exchange
Egypt to charge tourists in dollars and euros for train tickets
Saudi Arabia is the second largest investor in Egypt: Trade minister
Egypt’s first luxury Talgo train ride between Cairo and Alexandria

Reports

Large gas field discovery brings Egypt closer to energy hub goal. Salim Essaid

Read

Preventive Measure: Egypt’s unilateral demarcation of maritime border with Libya. Ahmed Eleiba
Sidelining the GERD. Doaa El-Bey
The austere beauty of Egypt’s long-distance hiking trails. The New York Times

From Twitter

#Egypt’s President Abdel Fattah Al Sisi Meets with #French president Emmanuel Macron on sidelines of the second session of Baghdad Conference for Cooperation and Partnership pic.twitter.com/d2eFHegDu6
— Daily News Egypt (@DailyNewsEgypt) December 20, 2022

In 1956, Egypt nationalised Suez Canal, triggering war with 🇬🇧🇫🇷🇮🇱
(Britain was the largest single shareholder)https://t.co/fazjxdYWkH

Now #Egypt may embark on U-Turn, proposing Canal sovereign fund that can welcome foreign investors; “without control over waterway”
— Nervana Mahmoud (@Nervana_1) December 22, 2022

Egypt is holding up Red Sea island deal with the U.S., Israel and Saudi Arabia, due to U.S.-Egypt bilateral issues, including military assistance, in addition to some technical reservations.
https://t.co/eAHgcXYoEd
— Mahmoud Gamal (@mahmouedgamal44) December 23, 2022

.@skynewsarabia reported that the White House has approved the sale/transfer of U.S.-made Littoral Combat Ships (LCS) To the Egyptian Navy, without providing further details, whether those LCSs will be from Fredoom-class or Independence-class.https://t.co/06Fr3YOQY3 pic.twitter.com/RnOnOUHyt5
— Mahmoud Gamal (@mahmouedgamal44) December 24, 2022

Shipping business is booming! Egypt's Suez Canal saw a record revenue of $8 billion in 2022.

'This is like taking gas or oil out of the ground. You can have to do all that much, just maintain the Canal and ships pay for the traffic. You can't beat geography,' says @owenalterman pic.twitter.com/Uo4L3mOtYh
— i24NEWS English (@i24NEWS_EN) December 19, 2022

Family photo of the Egyptian delegation visiting Tanzania to celebrate the water impoundment in the Julius Nyrere Hydropower dam reservoir. With 🇪🇬&🇹🇿 hands, African determination & unique private/public partnerships, we reap together the fruits of cooperation for African People pic.twitter.com/Mi3gXJPmag
— Egypt MFA Spokesperson (@MfaEgypt) December 22, 2022

Dbeibah: We reject unilateral demarcation of maritime borders by Egypt https://t.co/PQRAkJSWAg
— The Libya Observer (@Lyobserver) December 25, 2022

Almost all the security checkpoints inside El-Arish city have been removed as life begins to return back to normal in Egypt's North Sinai, after terrorism threat there was eradicated. pic.twitter.com/SnFYjMbGsn
— Mahmoud Gamal (@mahmouedgamal44) December 25, 2022

Season greetings from Egypt’s former King, Fouad II. Not in exile since President Sadat gave him back his passport in the early 70s. He has been visiting Egypt ever since. His eldest, Prince Mohamed Ali (back left) was born in Cairo. pic.twitter.com/0Iog5DP6rH
— The Big Pharaoh (@TheBigPharaoh) December 25, 2022

In Egypt we don’t have snowman but we have a sandman! Merry Christmas: Pic by and from Basata eco lodge , South Sinai Red Sea.
Egypt pic.twitter.com/OBrxNKm2gM
— Hany Ragy (@Hragy) December 24, 2022

Merry Christmas and Happy Hannukah

Nervana Mahmoud

Posted in Uncategorized | Leave a comment

This Week in Egypt: Week 49-2022 (Dec 12-18)

Posted on December 18, 2022 by nervana111

Top headlines

IMF executive board approves $3 billion Egypt extended arrangement
Egypt’s Sisi visits Washington to participate in the US-Africa summit
Egypt’s Sisi met with US President Biden and US Secretary of State Blinken
Egypt’s Sisi met with US defense chief Lloyd Austin as Cairo assumes naval role in the Red Sea
Egypt issued a presidential decree unilaterally determines the maritime borders between Egypt and Libya
Libyan GNU government refuses Egypt’s move on maritime borders’ demarcation
Türkiye calls on Libya, Egypt to initiate maritime border dialogue
British Conservatives make billionaire ex-Mubarak minister senior treasurer

Main Headlines

Monday

Egyptian law to legalise unlicensed shops comes into force
Egypt detects fourth case of monkey pox

Tuesday

Egypt’s Sisi arrives in Washington to participate in the US-Africa Leaders Summit
Egyptian Navy takes command of Combined Task Force 153 in Red Sea and Gulf of Aden
Negotiations are underway to export 3,000 megawatts of Egyptian Electricity to Europe: Minister

Wednesday

Cairo issued a presidential decree unilaterally determines the maritime borders between Egypt and Libya
US-Africa Summit: Sisi to hold high-level meetings in Washington
British Conservatives make billionaire ex-Mubarak minister as senior treasurer

Thursday

President Sisi attends White House dinner hosted by Biden for African leaders
President Sisi reiterates call for GERD binding deal in meeting US Secretary Blinken
Egypt and US sign deal to manufacture insulin for lower income countries

Friday

Libyan GNU government refuses Egypt’s move on maritime borders’ demarcation
Egypt’s Sisi urges US to invest in alleviating debt burdens on most afflicted nations
US business representatives express interest in expanding projects in Egypt to President Sisi

Saturday

IMF executive board approves $3 billion Egypt extended arrangement
Türkiye calls on Libya and Egypt to initiate maritime border dialogue

Sunday

Egypt confirms discovery large gas field in Mediterranean, minister says
US dollar exchange rate is stable at Egypt’s banks in first working day following IMF deal
Egypt is tackling migrants issue with comprehensive approach: Foreign ministry

Reports

Egypt’s Sisi gets warm welcome at Pentagon as Cairo assumes naval role. Jared Szuba
Sisi’s maritime declaration shields Crete. Vassilis Nedos
Egypt’s trade with Nile-Basin countries jumps amid Ethiopia dam crisis. Marc Espanol
Egypt’s fresh $3 billion IMF-backed economic reform programme. Doaa Moneim
‘Life is ebbing away’: Egyptians face peril at sea in dangerous new exodus to Europe. Ruth Michaelson

Read

Sisi said ‘stop’ to “Blue homeland” in the eastern Mediterranean. Fatih Yurutsever

From Twitter

A side meeting between #Egypt's President al-Sisi and @POTUS on the sidelines of U.S.-Africa Leaders Summit. pic.twitter.com/A7Kwhxperb
— Mahmoud Gamal (@mahmouedgamal44) December 16, 2022

Productive meeting with President @AlsisiOfficial on the U.S.-Egypt strategic partnership. We discussed Egypt’s successful hosting of #COP27, its important role in promoting regional stability, and the importance of progress on human rights. pic.twitter.com/Zfqtyh17mi
— Secretary Antony Blinken (@SecBlinken) December 14, 2022

Pleased to host @PresidentAlSis at the Pentagon. The U.S. commitment to Egypt’s security and regional leadership is firm. https://t.co/BtLGJk0x6F pic.twitter.com/aQgRdmF2PX
— Secretary of Defense Lloyd J. Austin III (@SecDef) December 15, 2022

Ι held a phone conversation with #Egypt FM S. #Shoukry, in the context of continuous 🇬🇷🇪🇬 coordination. Discussion focused among others on security & stability in the SE #Mediterranean, including yesterday’s decree issued by President El-Sisi. pic.twitter.com/hnEKKgnp3O
— Nikos Dendias (@NikosDendias) December 14, 2022

Egypt’s President al-Sisi has issued a decree regarding the determination of the country’s western maritime boundary and Egyptian-Libyan EEZ in the Mediterranean.

A geopolitical move that would represent a new brake for the illegal maritime agreement between Turkey & Tripoli. pic.twitter.com/lsQdYwksBZ
— Mahmoud Gamal (@mahmouedgamal44) December 14, 2022

EGYPT — Exclusive Economic Zone (EEZ)

🇪🇬🇨🇾 Feb. 17, 2003 — Egypt signed an EEZ agreement with Cyprus.

🇪🇬🇬🇷 Aug. 6, 2020 — Egypt and Greece signed EEZ Agreement at Cairo, (UNCLOS).

🇪🇬🇱🇾 Dec. 13, 2022 — Egypt’s (EEZ) Decree no. 595/2022 demarcates Egypt-Libya maritime border. pic.twitter.com/RAsoFAgajJ
— e-Αmyna (@e_amyna) December 16, 2022

🇹🇷 may suddenly arrive 1 night 🇪🇬suddenly came 1 night https://t.co/vkt7tBWCPF pic.twitter.com/reNAfzKbPs
— sherif ahmed 🇪🇬 (@SherifT78060270) December 14, 2022

Ankara is calling on Libya and Egypt to start dialogue and negotiations “as soon as possible” to resolve the differences between the two countries over the demarcation of maritime borders – Turkish diplomatic sources pic.twitter.com/CQLaNrjjNH
— TRT World (@trtworld) December 18, 2022

Sisi’s maritime declaration shields Crete#Egypt’s presidential decree outlines border with #Libya in blow to Tripoli-Ankara illegal memorandum for maritime borders

by @NedosVassilis @ekathimerini #EastMed #Greece

Map ⤵️ via @ManGiannarakis https://t.co/Fwb8vN7FjC pic.twitter.com/YtGIad7vKn
— East Med Pulse (@EastMedPulse) December 15, 2022

Egypt discovers large gas field in Mediterranean, minister says https://t.co/3orvRJlZqN pic.twitter.com/j9VCfVIPW0
— Reuters (@Reuters) December 18, 2022

The IMF approves a $3 billion loan for Egypt that will offer some relief to an economy grappling with the fallout of Russia’s invasion of Ukraine https://t.co/nMKACnKgem
— Bloomberg Africa (@BloombergAfrica) December 16, 2022

#Greece and #Egypt, 2 great civilisations, 2 great countries, standing together for peace and prosperity in the #EastMed pic.twitter.com/8dAdzkmsEm
— Georg von Karajan (@GeorgVKarajan) December 13, 2022

The Council of Ministers of #Bulgaria approved a draft letter of support for the construction of an electricity interconnection between #Egypt and #Greece (GREGY). https://t.co/cMMgrLNhtq pic.twitter.com/IVM2NjTn7M
— Emerson (@EEmerson14) December 14, 2022

A growing number of Syrian Kurds are heading to Europe by car and plane across Lebanon, Egypt, Libya, Algeria, then finally by boat to Spain. Crossing Turkey, the most direct path to Europe, is too dangerous, they say. https://t.co/yTucv3GU5l
— The Associated Press (@AP) December 18, 2022

My piece: #SaudiArabia has gained much from #FIFAWorldCup2022 in #Qatar and is now flirting with the prospect of bidding to host the #2030FIFA tournament along with Egypt and Greece. https://t.co/dP2SCgpD0U
— AP Muhammed Afsal (@MuhammedAfsal) December 18, 2022

The newly re-erected upper part of the second obelisk of Queen Hatshepsut (c. 1473-1458 BCE) at #Karnak with 'restoration' texts of King Seti I (c. 1290-1279 BCE) 🤩🇪🇬 pic.twitter.com/58jO3420D5
— Dr Campbell Price (@EgyptMcr) December 18, 2022

Nervana Mahmoud

Posted in Diary of Aak, Egypt | Tagged Biden, Egypt, Gas, Greece, IMF, Libya, Sisi, US-Africa summit | Leave a comment

This Week in Egypt: Week 48-2022 ( Dec 5-11)

Posted on December 11, 2022 by nervana111

Top Headlines

Chevron has discovered a new natural gas well off the Mediterranean coast in Egypt
bp to explore potential for green hydrogen production in Egypt
Egypt’s core inflation rises to 21.5% yr/yr in November
Egypt’s pound keeps falling on black market ahead of IMF meeting
China’s President Xi Jinping meets with Egyptian President El-Sisi in Riyadh
Kuwait introduces new regulations to restrict inflow of Egyptian nationals seeking work
Tomb with Greek mummy is unearthed in Aswan, Egypt

Main Headlines

Monday

Egypt has voiced its full support for the initial political framework deal in Sudan
Egypt hopes to receive 1st tranche of new IMF loan in December
Egyptian journalist Ismail Eskandrani is released after serving 7-year prison sentence
Egypt’s blue-chip index outperformed regional peers
Tomb with Greek mummy is unearthed in Aswan, Egypt

Tuesday

Egypt’s non-oil private sector shrank in November after devaluation
Egypt’s government has granted usufruct rights to investors to expand ecotourism in nature
Divorce rate soars to 25 divorces per 100 new marriages in Egypt

Wednesday

Chevron has discovered a new natural gas well, which has been dubbed Narges-1X, off the Mediterranean coast in Egypt
After U.N. climate deal, “loss and damage” funding will likely take two years
Egypt, Jordan, and Iraq FMs to meet in Amman

Thursday

bp to explore potential for green hydrogen production in Egypt
Ireland to return mummified remains and sarcophagus to Egypt
Archaeologists have unearthed the first full-colour portraits of Egyptian mummies in more than a century

Friday

Egyptian pound keeps falling on black market ahead of IMF meeting
Egypt’s core inflation rises to 21.5% yr/yr in November
China’s President Xi Jinping meets with Egyptian President El-Sisi in Riyadh
Egypt Joins the BRICS New Development Bank

Saturday

Gold-buying mania grips Egypt as currency loses value
Egypt urges Israel to refrain from violence against Palestinians

Sunday

Record number of mosques opened in Egypt this year
Kuwait introduces new regulations to restrict inflow of Egyptian nationals seeking work
Egypt targets EGP 7.4 billion in investments in tourism sector in FY 2022/23
Egypt launches massive 4-day polio vaccination campaign nationwide

Reports

Egypt embarks on new plans to develop river transport on Nile River. Marc Español
China and Egypt establish civil body to promote mutual investments. Muhammed Magdy
Egyptian-British surgeon Magdi Yacoub flies ‘like a butterfly’ but is still busy as can be. Nada El-Sawy
Egyptian cafes see higher revenues during World Cup. Ahmed Gomaa

Read

Muslim Brotherhood succession crisis deepens. Hany Ghoraba

From Twitter

Indigenous women pass traditional knowledge from generation to generation, playing a crucial role in preserving nature and their environment.

This is the testimony of four of them from the COP27 climate conference in Egypt. pic.twitter.com/YpCZS0a3Ta
— The Associated Press (@AP) December 7, 2022

Inspired by ancient Egypt, the company TUTERA debuted METATUT, the first Egyptian virtual city in the Metaverse pic.twitter.com/UrOPgGQ9xl
— Reuters (@Reuters) December 11, 2022

“According to the sources, Erdoğan even made an official request before the World Cup to come to Cairo and hold a summit with Sisi to announce the resolution of outstanding issues” https://t.co/3DX4KtDUSO
— The Big Pharaoh (@TheBigPharaoh) December 4, 2022

Korea's Ambassador in Cairo said in press statements that his country aims at expanding joint military cooperation with Egypt in the coming period through several joint programs, including the joint production of FA-50 Light Combat Aircraft (LCA). https://t.co/AoesPHCEtd
— Mahmoud Gamal (@mahmouedgamal44) December 8, 2022

Egypt embarks on new plans to develop river transport on Nile River

By @mespanolescofet

Via @AlMonitor

Read more: https://t.co/BLUbIGmBMH
— Ibrahim Ayyad (@IAyad) December 11, 2022

Egypt's New Administrative Capital, with Chinese technologies. pic.twitter.com/Pww59HaMfK
— XIE Yongjun 解勇军 (@XIEYongjun_CHN) December 10, 2022

ICYMI: ⚽ Egyptian Mostafa Mahmoud Mostafa has been repairing soccer balls for over 50 years. He has worked with several Egyptian soccer clubs, including Al Ahly and Zamalek pic.twitter.com/W5C09w01Np
— Reuters (@Reuters) December 10, 2022

#Happybirthday Mr. Mahfouz! #NaguibMahfouz was born on Dec 11, 1911, in Cairo, the youngest of 7 children. He began writing in primary school, a fan of detective, historical, and adventure novels. In 1988 he was awarded the @NobelPrize for Literature.https://t.co/JBdddpLcOs pic.twitter.com/M0O4iHv89C
— AUC Press (@AUCPress) December 11, 2022

The 3,200-year-old tomb of Queen Nefertari also called the Sistine Chapel of Ancient Egypt. The paintings, which are found on almost every available surface in the tomb, are considered to be the best-preserved and most eloquent decorations of any Egyptian burial site pic.twitter.com/0mTXaM6fRY
— History Defined (@historydefined) December 9, 2022

Nervana Mahmoud

Posted in Diary of Aak, Egypt | Tagged Chevron, China, Egypt, Egypt's inflation, Egyptian pound | Leave a comment

Podcast: A New Start of Egypt-Turkey Relations?

Posted on December 4, 2022 by nervana111

It was a pleasure to join Thanos Davelis, the director of public affairs at the Hellenic Leader, in a new episode of the Greek Current podcast series. to to discuss the relations between Turkey and Egypt following the Turkish President Erdogan’s handshake with his Egyptian counterpart at the World Cup. We discussed what steps Cairo still expects to see from Ankara, and where Greek-Egyptian relations fit in.

You can listen to the podcast here:

https://player.simplecast.com/d575a187-b190-4f3e-abe5-106c9a704d15?dark=false

Posted in Podcasts, Turkey | Tagged Egypt, Erdogan, Greece, Turkey | Leave a comment

Nervana

This Week in Egypt: Week 5-2023 ( Jan 30- Feb 5)

This Week in Egypt: Week 4-2023 ( Jan 23-29)

This Week in Egypt: Week 3-2023 ( Jan 16-22)

This week in Egypt: Week 2-2023 ( Jan 9-15)

This Week in Egypt: Week 1-2023 ( Jan 2-8)

This Week in Egypt: Week 52-2022 ( Dec 26- Jan 1- 2023)

This Week in Egypt: Week 51-2022 ( Dec 19-25)

This Week in Egypt: Week 49-2022 (Dec 12-18)

This Week in Egypt: Week 48-2022 ( Dec 5-11)

Podcast: A New Start of Egypt-Turkey Relations?

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