Egypt

Egypt defers payments for wheat imports amid dollar crunch

25 May 2023; MEMO: Egypt has deferred payments for its large wheat purchases, in some cases by months, according to a government official and traders, as the country grapples with a shortage of hard currency, Reuters reports.

Egypt is one of the world's biggest wheat importers and uses the purchases to make heavily subsidised bread, a politically sensitive benefit available to tens of millions of people.

Egyptian authority refloats stranded ship in Suez Canal

CAIRO, May 25 (Xinhua) -- The Suez Canal Authority (SCA) in Egypt on Thursday refloated a ship grounded in the world's busiest artificial waterway, according to an SCA statement.

"Three tugboats refloated a large ship that had been stranded in the Suez Canal," the SCA said.

The SCA rescue team managed to deal with an emergency breakdown in a XIN HAI TONG 23, a 190-meter bulk carrier near the southern end of the canal from Saudi Arabia.

Building collapse kills 4, injures 11 in S. Egypt

CAIRO, May 20 (Xinhua) -- Four people were killed and 11 others wounded on Saturday when a three-storey residential building collapsed in the southern Egyptian province of Qena, local authorities told Xinhua.

Three adults and an infant died in the building in the al-Taramasa village, said Ihab Taha, Qena's security director.

Firefighters and ambulances rushed to the collapsed building to evacuate the injured, said the official, noting the prosecution ordered an immediate investigation into the incident.

Sudan’s top army general formally fires rival paramilitary leader as his deputy in symbolic gesture

CAIRO (AP) — In a symbolic gesture, Sudan’s top army general on Friday fired the paramilitary leader — his former ally turned rival — as the deputy of the country’s governing body, state media reported.

The dismissal by Gen. Abdel Fattah Burhan of Mohammed Hamdan Dagalo, commander of the Rapid Support Forces, from the Sovereignty Council comes as the two fueding generals continue to battle for control over this troubled African country.

The monthlong conflict has killed at least 705 people, the World Health organization said Friday.

Egypt businessmen boycott US dollar

19 May 2023; MEMO: Multiple commercial sectors in Egypt yesterday launched a campaign to boycott the purchase of the US dollar from the black market after the exchange rate recently exceeded 41 Egyptian pounds as opposed to the official price of 30.90 Egyptian pounds in the Central Bank of Egypt to the, the news website Arabi21 reported.

Egypt sells $121.6m stake in state-controlled Telecom Egypt

14 May 2023; MEMO: Egypt's government sold a 9.5% stake in state-controlled Telecom Egypt ETEL.CA for 3.75 billion Egyptian pounds ($121.6 million), the finance ministry said in a statement on Sunday, breathing life into a privatisation programme that had seemingly stalled, Reuters reports.

Telecom Egypt's is the second sale of state assets since Prime Minister Mostafa Madbouly promised on April 29 to press ahead with the sales programme and sell assets worth $2 billion by the end of June.

Egypt: Sudanese fleeing fighting in their homeland face uncertain future, unsure of return

ASWAN, Egypt (AP) — The café outside Aswan station was full of Sudanese families, surrounded by luggage and waiting for the train to Cairo, the next leg in their arduous journey escaping violence that has torn apart their country and overturned their lives.

Chinese Fiberglass Giant Donates Cutting-Edge Research Device To Egypt

CAIRO, May 13 (NNN-MENA) – China’s fiberglass giant, Jushi Group, donated a cutting-edge research device to Egypt’s National Research Centre (NRC), in a bid to strengthen scientific and technological cooperation in the fiberglass industry.

The device, an Inductively Coupled Plasma Spectrometer (ICP), is an important tool that can provide powerful qualitative and quantitative analysis of the mineral composition of glass fiber.

A ceremony was held to mark the donation, at the factory of Jushi Egypt, for Fiberglass Industry S.A.E. in the Suez Governorate, in northern Egypt.

UN envoy: Humanitarian deal between warring sides is a first step toward a cease-fire in Sudan: Egypt

CAIRO (AP) — The U.N. envoy for Sudan on Friday welcomed a deal between the country’s warring generals promising safe passage to civilians fleeing the conflict in the East African nation and protection for humanitarian operations.

The envoy, Volker Perthes, said the agreement was an important first step toward a cease-fire to the fighting which is about to enter its fourth week.

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