Egypt's SCZone posts record EGP 11.6b revenue in FY24/25    Egypt to begin second phase of universal health insurance in Minya    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt hosts 4th African Trade Ministers' Retreat to accelerate AfCFTA implementation    Egypt's Investment Minister, World Bank discuss strengthening partnership    El Hamra Port emerges as regional energy hub attracting foreign investment: Petroleum Minister    Power of Proximity: How Egyptian University Students Fall in Love with Their Schools Via Social Media Influencers    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Newsreel
Published in Al-Ahram Weekly on 11 - 11 - 2015


Al-Sisi in Saudi Arabia
PRESIDENT Abdel-Fattah Al-Sisi arrived in Saudi Arabia on Tuesday to take part in the Fourth Summit of Arab-South American Countries from 10-11 November.
In a statement from the Egyptian presidential office, spokesman Alaa Youssef said Al-Sisi is due to meet Saudi Arabia's King Salman bin Abdul-Aziz to discuss “fraternal bilateral relations” between Egypt and Saudi Arabia, as well as other regional developments.
Youssef added that the Egyptian president's participation in the summit presents “a good opportunity to promote relations with Arab and South American countries, as well as to discuss regional and international areas of common interest.”
Representatives from all Arab countries, excluding war-hit Syria, are expected to attend the two-day summit. Youssef also said that Al-Sisi is keen to take part in the forum in order to stimulate cooperation between Egypt and South American countries in all fields, especially in light of the economic growth these countries have achieved in recent years “and which Egypt can benefit from on its path to development.”
The South American countries participating in the summit include Argentina, Brazil, Colombia, Venezuela, Uruguay and Paraguay. A Riyadh declaration is expected to be issued during the summit and include a summary of the most pivotal political issues concerning the parties, including the Palestinian issue and developments in Syria, Yemen and Libya.
The declaration will refer to important issues concerning South American countries, including cooperation in economic, social, cultural and scientific fields.
No dam results
THE LONG-AWAITED ninth round of talks at the ministerial level in Cairo between Egypt, Ethiopia and Sudan ended on Monday without any tangible decisions taken.
At the talks, held in Cairo on Sunday and Monday, Egypt voiced anew its concerns that the speed of construction of Ethiopia's Renaissance Dam was too quick to carry out any future recommendations of the tripartite committee, which includes representatives from Egypt, Sudan and Ethiopia.
In March, the countries signed a declaration of principles on the dam, agreeing to safeguard the interests of all three. Two foreign consultancy firms, from The Netherlands and France, were chosen to study reports assessing the dam's negative effects on Egypt and Sudan, if any.
Talks have been at a stalemate since September when the Dutch consultancy firm Deltares withdrew from the assessment of the dam, saying that the conditions imposed by the tripartite national committee, as well as the French consultancy firm BRL, did not provide sufficient guarantees to Deltares that an independent, high-quality study could be carried out.
Egypt wants both consulting firms to assess the dam to guarantee objectivity and integrity, and also to adhere to professional standards.
A tenth round of talks is scheduled from 21-23 November in Khartoum. The dam is set for completion in 2017. Egypt fears that the dam will affect its water share of the Nile. No studies up until now have dispelled those concerns.
The dam will be Africa's largest hydroelectric power plant with a storage capacity of 74 billion cubic metres of water.
Ashour again
NASSERIST lawyer Sameh Ashour has been re-elected chairman of the Bar Association. This is Ashour's fourth term since 2001. According to a statement on Tuesday by the judicial committee supervising the elections, Ashour won 22,987 votes while his rival, Islamist lawyer Montasser Al-Zayyat, came in second with 17,120 votes.
Elections kicked off on Sunday with 26 candidates competing for the chair seat and 304 candidates for the 56 board council seats. The committee said it would announce the names of the winners of the board council membership late on Tuesday.
Lawyers who are members of the Muslim Brotherhood were absent from the voting. The turnout was relatively small since most of the lawyers were preoccupied with the ongoing parliamentary polls, the second stage of which is due to start on 22 November.
French-funded metro line
EGYPT has signed preliminary deals with French consortiums to build the third phase of Cairo's third metro line, according to a statement by the French Embassy in Egypt.
The Thales/Alstom consortium will develop the signalling and communication systems at a cost of LE522 million. The Colas Rail Lead French-Egyptian consortium will take on the electronic installations and electromechanics works for LE1.6 billion.
The third phase of the new metro line is funded by the French Development Agency (FDA), European Investment Bank (EIB) and European Union. The FDA is contributing 300 million euros ($322.7 million), which will be repayable over 20 years with a seven-year grace period.
The EIB will contribute 600 million euros ($645.4 million), to be repaid over 25 years with the same grace period. The EU contributed a grant of 40 million euro ($43 million). The third line will run from Cairo Airport to Cairo University, passing through downtown Cairo and the densely populated, working-class district of Imbaba.


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