Monday, January 12, 2026
EconomyHighlights

Egypt, UAE Sign $500 Million Wheat Deal to Finance Wheat Imports

News Agencies
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Egypt has successfully secured a significant deal worth USD 500 million (EGP 15.4 bln) with the esteemed Abu Dhabi Exports Office (ADEX) to support its vital wheat imports over the course of five years. This agreement will provide a much-needed boost to Egypt’s agricultural sector and ensure that the nation can continue to meet the demands of its populace for this vital staple food.

The deal was secured, in attendance of Minister of International Cooperation, Dr. Rania Al Mashat, following talks with the UAE in July. The funds will be used to pay for imports from both Abu-Dhabi-based agricultural company Al Dahra and ADEX.

The full amount will be dispersed in five installments of USD 100 million (EGP 3 bln) each over five years.
The financing package offered to Egypt by ADEX provides high-quality products at a low price and with a reasonable payment plan, according to Minister of Supply and Internal Trade Ali Al-Moselhy.

Egypt is expected to benefit from the five-year $500 million financing offered by the UAE to supply the country with wheat in January 2024, Asharq Business reported, citing Minister of Supply and Internal Trade Ali Moselhy.

Moselhy further noted that the deal is pending the parliament’s approval, expecting it to be endorsed in November.

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EconomyHighlights

President Sisi Reappoints Hassan Abdullah as Acting Central Bank Head

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President Abdel Fattah El-Sisi extended Hassan Abdullah’s term as acting governor of the Central Bank of Egypt (CBE) for another year. This was announced in a presidential decree published in the official gazette. Abdullah’s new term will commence on 18 August 2023.

Abdullah was appointed as governor in August 2022 after Tarek Amer resigned due to the economic situation in Egypt, which was worsened by the war in Ukraine. During his tenure, Egypt’s net international reserves increased by approximately US$1.735 billion, or 5.2%, reaching US$34.878 billion by the end of July 2023. This is compared to US$33.143 billion at the end of July 2022.

Abdullah’s leadership has led to a stable and resilient banking system. He has also launched a crackdown on the black market, fixed the exchange rate system, and supported tourism and manufacturing. He has also helped national companies in default to rise again.

Before his appointment at the CBE, Abdullah served in various positions such as Vice Chairman and Managing Director of the Arab African International Bank (AAIB), Chairperson of the Union Des Banques Arabes Et Francaises (UBAF) in Hong Kong, and Chairperson of the Board of Trustees of We Owe It to Egypt Foundation (WOTE).

He started his career in 1982 at AAIB and was promoted several times before being named Vice Chairman and Managing Director in 2000. Abdullah also served on the Boards of Union Des Banques Arabes Et Francaises (UBAF) in Paris, the German-Arab Chamber of Industry and Commerce, the Emerging Markets Advisory Council (EMAC) of the Institute of International Finance, and the Central Bank of Egypt (CBE).

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HighlightsLifestyle

Soha Gendi: Egypt Aims to Increase Egyptian Expatriates’ Participation in Elections

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Egypt’s Minister of Emigration and Egyptian Expatriates Affairs, Soha Gendi, confirmed that efforts are underway to increase the ratio of Egyptian expatriates’ participation in casting their ballots in elections and all constitutional rights.

Gendi’s remarks came during her meeting with Ahmed Khattab, a researcher at Georgetown University in Washington and one of the participants in the 4th edition of the Egyptian Expats Conference held in July.

The meeting came upon his request to focus on the Egyptian state in research for his Ph.D. that discussed the Ministry’s success in handling the file of emigration and contacts with the Egyptian expats abroad.

During the meeting, the minister welcomed the Egyptian researcher and considered his research a unique experiment in focusing on the Egyptian state and contacts with its expatriates, in addition to the policies embraced by the Emigration Ministry to extend the links of communication between Egyptians and their homeland.

In turn, Khattab expressed his happiness over meeting with Minister Gendi and reviewed the most prominent developments in the policies of the Egyptian state and its dealing with Egyptians abroad through different initiatives.

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Arts & CultureHighlights

Egyptian Minister of Culture, UNESCO Director Inaugurate “House of Heritage”

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The inauguration of the “House of Heritage” at the Traditional Crafts Center in Fustat coincided with the 20th anniversary of Egypt signing the “Convention for the Safeguarding of Intangible Cultural Heritage” with UNESCO.

Dr. Nevin Al-Kilani, Egypt’s Minister of Culture, and Nuria Sanz, Regional Director of UNESCO in Cairo, inaugurated the ceremony.

Soha Gendi, Minister of Immigration; Major General Khaled Abdel-Al, Governor of Cairo; Dr. Abdel Aziz Al-Musallam, President of the Sharjah Heritage Institute; as well as several ambassadors, UNESCO representatives, officials from the Ministry of Culture, and representatives from civil society organizations involved in heritage preservation all attended the inauguration ceremony.

During the event, they examined the exhibition “The Journey of the Holy Family” by the late artist Ikram Ammar, which featured a number of her most significant plastic creations and detailed the various stages of the Holy Family’s journey.

In addition, they also inspected an exhibition of Arabic calligraphy created by the Khudair Al-Borsaidi School of Arabic Calligraphy and Decoration.

Dr. Nevin Al-Kilani stated in her speech: Today, as Egypt celebrates, in partnership with UNESCO, the twentieth anniversary of the Convention for the Safeguarding of Intangible Cultural Heritage, the Ministry of Culture inaugurates the “Heritage House” to complete a series of heritage preservation sessions and carry out its assigned mission.

For her part, UNESCO Regional Director Nuria Sanz stated: Egypt is known as the birthplace of the World Heritage Convention, as Egyptian authorities and experts played a pivotal role in the preparatory phase for the adoption of the Intangible Cultural Heritage Convention, and Egyptian officials and academics actively participated in international expert meetings and intergovernmental meetings.

Sanz further noted that the “House of Heritage” will act as a hub for the national archive of intangible cultural heritage as well as for activities that showcase its richness.

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HighlightsLifestyle

Study Shows Social Media Platforms Improved Egyptian Females’ Responses To Domestic Violence

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During the COVID-19 lockdown in Egypt, many women who were experiencing domestic violence had access to social media platforms. This enabled them to learn about resources and support that could help them deal with the abuse. In 2015, 36% of married Egyptian women aged between 15 and 49 reported experiencing domestic violence.

A new study published in “Nature Human Behavior” found that receiving videos and reminders during the pandemic increased media consumption about domestic violence against women, thereby increasing women’s knowledge of available resources and their willingness to seek help.

The study was conducted in collaboration with the Egyptian Center for Women’s Rights in Cairo, and researchers surveyed 10,000 women via Facebook, with 5,618 women enrolled in the trial from July to September 2020. Participants were aged between 18 and 55, and the study was conducted to evaluate the effects of the “You Are Not Alone” media campaign’s publication.

The study’s authors sent video clips and reminders to watch TV programs by an Egyptian human rights lawyer that focused on her work on gender stereotypes and violence to a sample of Egyptian women recruited via Facebook and WhatsApp. Over the course of eight weeks, participants in three groups were sent thirteen messages via Facebook or WhatsApp that contained links to a website that posted YouTube videos. Personalized WhatsApp messages had the most significant effect on how many people watched shows.

The targeted intervention’s content was the information offered by the Egyptian lawyer in the films that addressed issues of domestic abuse and gender-based violence. The study showed that only 28% of women who had been polled before the trial were aware of any internet resources, and only 22% of them were aware of any groups that helped women who were victims of gender-based violence.

The study’s co-author emphasized that the experiment only included women for two reasons. The first was that the Egyptian Center’s content mainly focused on women, and the second was to protect women from being subjected to online harassment if they were included in mixed-sex groups. However, participating in the trial, learning about available resources, and viewing encouraging information did not alter the participants’ underlying attitudes regarding women’s place in society.

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Highlights

Egypt Urges African Efforts to be United Ahead of COP 28

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Egyptian Environment Minister Yasmine Fouad has urged for African efforts and voices to be united at the next UN Climate Conference (COP 28) in Dubai this November.

Recently, Yasmine Fouad, the African Minister of Environment, attended the nineteenth session of the African Ministerial Conference on the Environment (AMCEN) in Addis Ababa.

During the conference, Fouad encouraged African nations to collaborate and unite in preparation for the upcoming UN Climate Conference (COP 28) in Dubai this November.

Fouad discussed Egypt’s initiatives launched during the COP27 Climate Summit in 2022, which aimed to address climate change through science, solutions, and financing. She also highlighted Egypt’s efforts to integrate the environmental dimension into national plans and projects, including allocating a day for biodiversity during the COP27 climate conference.

The conference’s theme was “Seizing opportunities and enhancing collaboration to address environmental challenges in Africa,” and it aimed to enhance cooperation between institutions and improve the implementation of regional and global environmental frameworks. Fouad participated in the ministerial session on “green investment,” where she shared Egypt’s goal of making all state projects green by 2030 and accelerating investments in technology and capacity development in Africa. Participating as a main speaker in the “Climate Financing and Biodiversity Financing” session, Fouad highlighted the importance of the upcoming event of COP 28 in ensuring the mobilization of $20 billion in financing for the Biodiversity Fund and not just focusing on obtaining $100 billion dollars in climate finance.

Additionally, Fouad held a number of bilateral meetings with her Kenyan counterpart, Hon. Soipan Tuya, and the President-designate of COP 28 Sultan bin Ahmed Al Jaber.

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Highlights

Egypt’s Court Upholds Eight-Year Sentence in Ahmed Bassam Zaki’s Sexual Assault Case

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Egypt’s Court of Cassation affirmed an eight-year jail term for Ahmed Bassam Zaki, often known as “ABZ” on social media, who was charged with sexually abusing three females.

In 2021, Zaki was convicted to eight years in jail by a Criminal Court in Cairo’s Fifth Settlement. The former student was 21 years old at the time of his arrest in 2020, and he had been found guilty of sexually abusing and blackmailing three young females.

The circumstances that led to the now-famous ABZ case began in July 2020, when social media posts accused Zaki of rape, sexual assault, extortion, and harassment. Within hours, Zaki had been implicated by over fifty women online.

Egypt’s Court of Cassation has upheld a sentence of eight years in prison for Ahmed Bassam Zaki, known on social media as “ABZ”, who was charged with sexually assaulting three girls. The ruling, which was issued on 17 August, is final and cannot be overturned.

Zaki had initially been sentenced to eight years in prison by a Criminal Court in Cairo’s Fifth Settlement in 2021. At the time of his arrest, in 2020, the former student was 21 years old and had been found guilty of sexually assaulting and blackmailing three underage girls.

The events leading up to the now-infamous ABZ case began in July 2020, when posts appeared on social media accusing Zaki of rape, sexual assault, blackmail, and harassment. Within hours, Zaki had been accused online by more than fifty women and a couple of underage boys.

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Arts & CultureHighlights

Women’s Cinema Club Screens 5 Movies in Hanager Theatre Today

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The Women’s Cinema Club, organized by the National Cinema Center, will hold its cinematic screenings today, Monday, August 21, at the Hanager Cinema at the Cairo Opera House at 5:00 pm.

The club will present 5 films at the event, namely “Qanat El Swess Awasef Wa Ensan” by Anan Nadim, “Zafah” by Ahmed Samir, “Be Mit Ragel”, “Kamasha” by Samir Abdel Atti, and “Oudten We Salah” by Mina Maher.

Following the screening of the films, Film Critics Shahenda Mohamed Ali and Islam Ahmed Ali will hold a symposium to discuss the movies with their makers and the audience.

Notably, the Women’s Cinema Club in Cairo is organized on the third Monday of every month by the National Cinema Center in cooperation with the Cultural Development Fund Sector, headed by Dr. Walid Qanoush, and under the technical management of Film Critic Shahenda Muhammad Ali.

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HighlightsLifestylePoliticsSports

FIFA Celebrates Roll-Out of Innovative Digital &Television Features at FIFA Women’s World Cup 2023

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In line with its commitment to improving the fan experience by harnessing technology and innovating in the digital and TV space, FIFA has invested in remote live production, cutting-edge data-driven insights, and captivating behind-the-scenes content at the FIFA Women’s World Cup Australia & New Zealand 2023.

“Innovation and sustainable technology are to the fore when it comes to our broadcast delivery at the FIFA Women’s World Cup 2023,” said FIFA President Gianni Infantino during a tour of the International Broadcast Centre (IBC) in Sydney.

“The IBC is the center for video content from all venues in Australia and New Zealand, and for all 64 matches, we have been setting new standards in sports broadcasting thanks to our fully remote live match and non-live production,” the FIFA President added. “This innovation is a step forward from the men’s FIFA World Cup in Qatar, and something new to sports on such a scale. This is also a new, more sustainable technological approach which has helped deliver the FIFA Women’s World Cup to a global audience.”

In order to bridge the gap between analytics and entertainment and to improve the viewing experience for fans, FIFA has also engaged the concept of “datatainment”, which seamlessly integrates advanced analytics with real-time graphics based on the official optical tracking data at each FIFA Women’s World Cup stadium. As an overlay on live feeds, “datatainment” provides fans with unparalleled insight and enjoyment, with several Media Rights Licensees having taken advantage of the technology during the tournament.

“Football is more than just a game; it’s a passion that connects millions of fans worldwide. Together with our partners, we are redefining the fan experience by leveraging the power of data and technology to integrate analytics into an entertainment package, as well as offering fans new ways of consuming football through social media,” said FIFA’s Chief Business Officer, Romy Gai.

Responding to the growing trend in consuming candid, backstage moments, the tournament in Australia and Aotearoa New Zealand has also seen digital-first coverage of every game. Captured in vertical video formats and from a unique perspective, the content allows fans following FIFA’s pages on social media to experience the raw emotion of players and fans filter‑free. Such clips have also been distributed to broadcasters and tailored for their social media accounts, thereby providing unique coverage of the competition globally.

“Thanks to the collaboration with the participating teams we have access to exclusive content behind the scenes – on the pitch or in the locker room after the match, players have shown their willingness to produce unique content at the peak of their emotions in cooperation with our media rights licensees. We are thrilled to have used this ground‑breaking tournament to bring these concepts to life and allow fans all over the world to further experience and share their excitement for the FIFA Women’s World Cup,” added Mr. Gai.

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Highlights

EGYPTAIR Training Academy Renews ‘ISO’ Certification

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After clearing the audits conducted by the ISO certification organization “SGS” with no remarks, EgyptAir Training Academy successfully renewed the ISO9001: 2015- ISO14001: 2015- ISO45001: 2018 certification in Quality, Environment, and Occupational Health & Safety on Sunday, August 20, 2023.

The “SGS” delegation emphasized EgyptAir Training Academy’s adherence to the most recent national and international quality standards and praised its keenness to consistently improve the quality of all the training services they offer.


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