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17/01/2025

Ex- PM sentenced to 14 years in jail in case
Pakistan's former prime minister Imran Khan has been given a 14-year jail sentence in a land corruption case, Sky news quoted his defense lawyer as saying.

The verdict in the case followed allegations of possible bribery involving land, which was exchanged for favors by real estate developer Malik Riaz Hussain.

It is linked to the "Al Qadir Trust" that Khan and his wife Bushra Bibi established while he was in office.

Prosecutors said this was a front for the former prime minister.

It is the largest case of alleged financial wrongdoing against Khan and was delivered by an anti-graft court in a prison in Rawalpindi, where the former prime minister has been jailed since August 2023.

17/01/2025

Port closed due to severe weather
Hurghada Port was closed on Friday due to bad weather conditions, the Ports Authority said.

The closure was prompted by high 3-4 meter waves and strong 20-25 mph winds, the Authority said in a statement.

The port will be reopened once the weather gets better to ensure the safety of navigation.

17/01/2025

min. to discuss addressing challenges facing investors
Transport and Industry Minister Kamel El Wazir is set to hold a meeting on Saturday with Obour City investors to discuss ways for handling challenges that may counter them.

The meeting, which will be attended by the governor of Qalubia governorate, is part of weekly meetings held by the minister under the directives of President Abdel Fattah El Sisi for solving problems and challenges facing the investors.

17/01/2025

's office says 'Deal to release hostages' reached
The office of Israeli Prime Minister Benjamin Netanyahu said Friday that a deal to release the hostages had been reached.

"Prime Minister Benjamin Netanyahu was informed by the negotiating team that agreements have been reached on a deal to release the hostages," Al Qahara news channel quoted his office as saying in a statement.

It added that the families of the hostages had been informed and that preparations were being made to receive them upon their return.

17/01/2025

, sign cooperation agreement
The Organization of Islamic Cooperation ( )'s Radio and Television Union (OSBU), represented by , has signed a cooperation agreement with the African Union of Broadcasting (AUB), represented by Grégoire Ndjaka.

The agreement is a vital step to boost mass media cooperation between the two unions as it aims at enhancing news and program exchange between the member states of both unions.

It will also substantially contribute to ensuring better media coordination and information sharing.

The deal also aims to develop unique media content to be exchanged between radio and TV networks in the African continent and the Islamic world.

Under the agreement, the two sides will jointly organize workshops and training courses with the view to developing the practical skills of media workers.

17/01/2025

Egyptian, discuss conditions in
Minister of Foreign Affairs, Emigration, and Egyptian Expatriates received on Friday a phone call from Iranian Foreign Minister Abbas Araghchi to discuss the conditions in the Gaza Strip.

During the telephone conversation, the Iranian minister lauded Egypt's genuine efforts and its key role to reach the Gaza ceasefire agreement.

They also discussed the development of conditions in the region, including the Red Sea region and the impacts of last year's unrest on navigation security.

In this regard, Abdelatty hoped that the ceasefire deal will help de-escalate and restore calm and stability in the Red Sea region with the view to maintaining the freedom of international navigation in the most important artery and maritime chokepoints in the world.

Abdelatty also stressed the vital necessity of implementing the terms of the agreement, including all its stages as per the specified dates and without any delay.

17/01/2025

's special representative Han Zheng to attend 's
At the invitation of the US side, President Xi Jinping's special representative, Vice President Han Zheng will attend the inauguration ceremony of US President Donald Trump on January 20 in Washington, Xinhua quoted a Chinese Foreign Ministry spokesperson as announcing on Friday.

China follows the principles of mutual respect, peaceful coexistence and win-win cooperation in viewing and growing its relationship with the United States, the spokesperson said.

"We stand ready to work with the new US government to enhance dialogue and communication, properly manage differences, expand mutually beneficial cooperation, jointly pursue a stable, healthy and sustainable China-US relationship and find the right way for the two countries to get along with each other," the spokesperson added.

17/01/2025

arrives in on official visit
French President Emmanuel and French Foreign Minister Jean-Noël Barrot arrived in Beirut on Friday for a one-day official visit, LBCI Lebanon reported.

Lebanese Prime Minister Najib Mikati and the French ambassador welcomed them at the airport.

The visit comes as Lebanon navigates significant political developments, including the recent appointment of Nawaf Salam as Prime Minister-designate and intensified discussions surrounding the country’s economic and political reforms.

17/01/2025

Egyptian, Italian discuss over phone hostage-ceasefire deal in Gaza
Minister of , Emigration, and Egyptian Expatriates received on Friday a phone call from Italian Foreign Minister Antonio Tajani to discuss the ceasefire deal in the Gaza Strip and the release of hostages and prisoners.

During the phone call, Abdelatty posted Tajani on efforts made by Egypt, in coordination with Qatar and the United States, to clinch the ceasefire agreement in Gaza and ensure the exchange of hostages for prisoners.

Abdelatty also stressed the necessity of implementing the terms of the agreement, including all its stages as per the specified dates.

He also underlining the importance of mobilizing international efforts to reconstruct and rehabilitate the infrastructure there to restore conditions to normal.

For his part, the Italian foreign minister lauded Egypt's crucial role and its genuine efforts to reach the ceasefire deal in Gaza.

17/01/2025

Major headlines in Friday's local press:

- Two-state solution only way to realize permanent peace in ME
* , Bin Zayed hold summit in Abu Dhabi to discuss conditions in region, restoring stability in ,
- Sisi, Bin Zayed welcome Gaza ceasefire deal
* Abu Dhabi summit asserts importance of engaging in overall political process in Syria
* UAE president lauds Cairo's efforts to protect Palestinians in Gaza
- PM Madbouli: We are ready to offer all support, aid for Gaza
- Foreign Ministry: We are ready to host int'l conf. on Gaza reconstruction
* Egypt, , stress necessity of implementing Gaza deal without delay

17/01/2025

praises ’s pivotal role in reaching ceasefire deal
US Secretary of State Antony Blinken praised the pivotal role played by President Abdel Fattah El Sisi in reaching the agreement for the exchange of hostages and prisoners, as well as a ceasefire in the Gaza Strip, expressing appreciation for Egypt's relentless efforts in supporting mediation talks, which contributed to hammering out the deal.

This came during a phone call he had Thursday with Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty, during which they discussed the agreement.

For his part, Abdelatty emphasized the critical importance of immediately starting the implementation of the ceasefire deal and the exchange of prisoners and detainees in Gaza. He stressed the need for all parties to respect the terms of the agreement and work towards implementing its stages on the scheduled timelines.

He also highlighted the importance of intensifying humanitarian aid access across the Gaza Strip in the coming period, and the need for international efforts to rebuild the war-devastated Gaza Strip and rehabilitate its infrastructure and healthcare systems.

16/01/2025

Bourse indexes up at close of Thursday trading

Egyptian Exchange (EGX) indexes went up at the close of Thursday's trading driven by purchases by Arab and foreign investment institutions and funds as well as foreign, Arab and local investors.

Profits hit EGP 19 billion, with the market capital registering EGP 2.196 trillion amid total transactions amounting to EGP 39.5 billion.

16/01/2025

Culture min. discuss cooperation with his Moroccan counterpart

Minister of Culture Ahmed Fouad Hanno met with Mohamed Mehdi Bensaid, Morocco's Minister of Youth, Culture and Communication and head of the current session of the Arab Ministers of Culture Conference, to discuss prospects for joint cooperation and ways to enhance the partnership between the two countries.

This took place on the sidelines of the 24th session of the Conference of Ministers Responsible for Cultural Affairs in the Arab World.

During the meeting, Hanno praised the string historical and cultural ties between Egypt and Morocco, noting that these ties embody the fraternal bonds between their two brotherly peoples.

16/01/2025

Petroleum min. probes Chevron’s expansion plans in Egypt

Minister of Petroleum and Mineral Resources Karim Badawi emphasized that Egypt possesses promising investment opportunities in the oil and gas sector, thanks to the availability of comprehensive geological data and the necessary capabilities and expertise to implement large-scale projects, stressing the importance of accelerating the development of existing discoveries and placing them on the production map as soon as possible.

16/01/2025

urges for prompt implementation of ceasefire deal

Egypt emphasized the critical importance of starting without delay the implementation of the ceasefire agreement in the Gaza Strip and the exchange of hostages and prisoners, urging all parties to adhere to the terms of the agreement and work towards its implementation within the specified timelines.

In a statement issued Thursday, the Ministry of Foreign Affairs, Emigration and Egyptian Expatriates highlighted the importance of the agreement leading to an increased pace of safe and effective delivery and distribution of humanitarian aid on a wide scale across the war-torn Gaza Strip.

16/01/2025

Cabinet convenes routine meeting to address political, economic, social files

Prime Minister Mostafa chaired Thursday a Cabinet meeting in the New Administrative Capital that will take up several political, economic, social, and other issues on the government's agenda and review ways to implement presidential instructions to the government in the most optimal manner and within appropriate timelines.

The Cabinet is scheduled to discuss a number of topics during the meeting, including the prime minister’s inauguration of the Geely car assembly plant in Egypt, and following up on President Abdel Fattah El ’s instructions to the government to keep up intensified efforts to curb inflation, as well as continuing to increase spending on the health, education, and social protection services.

16/01/2025

heads for Abu Dhabi

President Abdel Fattah El Sisi heads for the UAE capital Abu Dhabi on Thursday for talks with President Sheikh Mohamed ben Zayed.

According to the spokesman for the presidency, the two leaders will tackle a number of issues of top priority to the two sisterly countries, including the current regional developments and ways of restoring regional security and stability.

15/01/2025

EGX indexes up at close of Wednesday’s trading

Egyptian Exchange (EGX) indexes went up at the close of Wednesday’s trading driven by purchases by Arab and foreign investment institutions and funds and foreign individuals, while local institutions and investors and Arab and local individuals tended to sale.

Profits hit EGP 33 billion, with the market capital registering EGP 2.177 trillion amid total transactions amounting to EGP 79.1 billion.

The EGX 30 benchmark index was up 1.46% to reach 29,389.93 points.

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