Egypt’s participation in the global customs event

Al-Shahat Ghatouri, Customs Authority chief is representing Egypt at the World Customs Organization (WCO) Policy Commission in Bahrain from 5 to 8 December.

The WCO was initially established in 1952 as the Customs Co-operation Council (CCC); it’s an independent inter-governmental body that aims to enhance the productivity of customs administrations.

It represents 184 customs administrations worldwide that collectively process 98% of world trade.

Acting as the global center of customs expertise, the WCO is the exclusive international organization that is competent in customs matters and can rightly call itself the voice of the international customs community.

The WCO agenda includes the WCO action plan for fragile borders, green transformation and its positive effects on public health, improving customs performance worldwide, and the data strategy of the World Trade Organization.

The organization will additionally discuss the feasibility study on a global platform for customs date exchange, expanding the concept of the Authorized Economic Operator (AEO) to include cross-border e-commerce, facilitating the flow of global trade, illegal trade, and the WCO strategic plan for 2022-2025 and its executive plan for 2022.

In a press release issued last Monday in Cairo, Ghaturi stated that his authority set to join forces with the international community to streamline and digitize procedures, reduce customs release time, facilitate internal and external trade, as well as applying the most efficient international customs practices and exchanging expertise on the transformation to ‘green customs’ are also among the authority’s objectives.

The intention of participating in these meetings is to solidify cooperation, coordination, and expertise exchange, taking the WCO standards into account.

A few days away from the Euromoney Egypt Conference 2022 launch on 7 December in Cairo

The conference will review 2022 as well as the year ahead to get a clear picture of the Egyptian finance and investment narrative

Cairo, Egypt: The 25th edition of the Euromoney Egypt Conference will be held under the auspices of, and opened by, His Excellency Dr. Moustafa Madbouly, Prime Minister of Egypt. His Excellency Dr. Mohamed Maait, Egypt’s Minister of Finance, will also be participating along with other high-profile local and international speakers such as: H.E. Dr. Amr Talaat, Minister of Communications and Information Technology, Government of Egypt; Ayman Soliman, Chief Executive Officer, The Sovereign Fund of Egypt; Dr. Mohamed Farid Saleh, Executive Chairman, Financial Regulatory Authority (FRA); and Ahmed Kouchouk, Vice Minister of Finance for Fiscal Policies, Government of Egypt.

Delegates will have the opportunity to meet with and hear from senior representatives from the Egyptian Government, as well as local and international investors, financiers, and business leaders.

The conference will review 2022 as well as the year ahead to get a clear picture of the Egyptian finance and investment narrative and ask the questions:

  • Is the country still fragile or has the freeing of the Egyptian pound been a lasting turning point? The markets seem to think so. But can this trend continue and what else lies ahead for this pivotal Arab nation?
  • Can Egypt’s shift towards sustainability and low carbon energy be maintained and what opportunities does this present for global capital? All these key questions will be answered and many more. This event provides a significant opportunity to stay ahead of the curve in what is going to be a roller-coaster year in the global economy.

The lead sponsors of the conference are Mashreq Bank and Standard Chartered. The co-sponsor is Citibank. Find out more through the conference website, where you can view the full agenda:  https://events.euromoney.com/egypt2022

Dior’s men fashion shows at the Egypt’s pyramids

Egypt’s most well-known touristic attraction, the ancient pyramids witnessed a spectacular event on December 3rd.  Dior men’s fall fashion show of 2023 was held for the first time by the French fashion house in Egypt’s pyramids.

Dwarfed by the vast Giza necropolis — their imposing ridges illuminated by white light for the show — models showcased the collection titled “Celestial”.

Saturday’s show was the second by a European fashion house to use Ancient Egyptian heritage sites as a backdrop this year.

In October, Italian designer Stefano Ricci showcased his most recent collection at the Temple of Hatshepsut in Luxor.

Egypt’s Giza necropolis, just west of the capital Cairo, has in recent years played host to ever-grander events, including pop concerts and contemporary art exhibitions, as the North African country seeks to project a revitalised image to draw in new tourism and business.

Media entrepreneur Amy Mowafi said events like Dior’s “put Egypt on the map as a new hub for creativity and design” where creators can draw on “seven thousand years of inspiration.”

The Euromoney Egypt Conference 2022 discuss the opportunities the Sovereign Fund of Egypt is exploring

Discuss the plans of Financial Regulatory Authority to attract investors

Cairo, Egypt:

2022 has been a year of extremes for Egypt. From coping with the fallout of the Ukraine crisis, through negotiation of a new IMF facility and the float of the Egyptian Pound to the hosting of a successful COP conference – Egyptian political and financial leaders have been nothing if not busy.  And we’re going to keep them that way as we hold our annual Egypt conference in Cairo on 7th December.

We’ll be reviewing the year past and the years ahead to get a clear picture of the Egyptian investment narrative.  Is the country still fragile or has the freeing of the Egyptian pound been a lasting turning point?  The markets seem to think so – foreign capital is returning, and the EGX-30 is up 1.33% in dollar terms year to date and is up nearly 45% in EGP terms since it’s low point in early July.

But can this trend continue and what else lies ahead for this pivotal Arab nation?  Can Egypt’s shift towards sustainability and low carbon energy be maintained and what opportunities does this present for global capital? Will the privatisation programme be relaunched?  Will the Sovereign Fund of Egypt be bringing internationally attractive deals to market in 2023?

Ayman Soliman, Chief Executive Officer of The Sovereign Fund of Egypt will be talking to us about the SFE’s major challenges and milestones this year, the opportunities the Sovereign Fund of Egypt is actively exploring with international capital partners, and what he views to be the most attractive sectors in the Egyptian economy.

Also, the Executive Chairman of the Financial Regulatory Authority (FRA), Dr Mohamed Farid Saleh will be interviewed live on stage. Dr Mohamed Farid Saleh will be discussing his priorities in the short and medium terms, the strengths of the Egyptian capital markets, and plans to attract both domestic and regional institutional investors to the country.

For over 25 years, the Euromoney Egypt Conference has been the autumn focal point for the banking and finance industry. Join us on 7 December in Cairo for insightful discussion on Egypt’s outlook, hear from high level speakers, and network with colleagues and clients.

The lead sponsors of the conference are Mashreq Bank and Standard Chartered. The co-sponsor is Citibank.

Egypt’s NCW launches 16-day campaign to combat violence against women

Egypt’s NCW launches 16-day campaign to combat violence against women

According to Ahram Online, on the occasion of the International Day for the Elimination of Violence against Women, Egypt’s National Council for Women (NCW) launched a 16-day campaign to combat violence against women.

The National Council for Women (NCW) of Egypt began a 16-day campaign to end violence on Friday in honor of the International Day for the Elimination of Violence Against Women.

In Egypt, the 16-day campaign spotlights the health and psychological risks caused by violence against women by coordinating activities with other national bodies, said Maya Morsy, the president of the council.

Among the events are the opening of two women’s clinics at Azhar University and Suez Canal University, a sports event called “Yes Yoga Day,” and seminars on violence against women, women’s empowerment, and workplace safety.

The campaign also includes symposiums on other issues such as cyber-blackmail against women as well as the relationship between overpopulation and violence against women, added Morsy.

Additionally, the Egyptian National Committee for the Elimination of Female Genital Mutilation will launch its door-to-door “Protect Her from Circumcision” campaign in ten governorates.

According to the Egyptian Central Agency for Public Mobilization and Statistics, 31 percent of Egyptian women who are or were previously married and are between the ages of 15 and 49 reported experiencing “physical, sexual, or psychological violence” at the hands of their spouses in 2021.

Egypt has enacted several pieces of legislation over the past eight years to guarantee women’s protection against all forms of violence, Morsy said, pointing to the inclusion of an article in the country’s constitution to protect women against violence.

The NCW has also established 26 units at Egyptian universities nationwide to combat violence against women.

According to the World Health Organization, up to 736 million women worldwide experience physical and/or sexual abuse at the hands of their husbands or other people.

Globally, up to 736 million women experience physical and/or sexual violence in their lives at the hands of their husbands or others, according to the World Health Organisation (WHO).

Ivanka Trump explores “beauty of Egypt” by sharing family photos at Giza Pyramids

Ivanka Trump, the daughter of former U.S. President Donald Trump, took to Instagram to show off her trip with husband Jared Kushner, 41, and their three children —Arabella, Joseph, and Theodore.

This is their first trip to Egypt together. Ahead of the Thanksgiving holiday, this family vacation comes less than a week after Ivanka announced that she is done with politics and will be prioritising her private life instead of joining her father’s presidential campaign.

The former White House senior adviser, 41, took to Instagram on Monday, and shared photos of herself touring the pyramids and riding camels with Jared and their three children.

‘A day at the Pyramids! So special to explore the beauty of Egypt for the first time with my family!’ Ivanka captioned the carousel of images, which starts with a picture of her on a camel.