ILEA001860769: EGYPT-ALEXANDRIA-GRAECO-ROMAN MUSEUM-REOPENING

Egyptian PM commends IMF loans

STORY: Egyptian PM commends IMF loans SHOOTING TIME: April 28, 2024 DATELINE: April 29, 2024 LENGTH: 00:00:35 LOCATION: Riyadh CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Prime Minister Mostafa Madbouly attending a special meeting of the World Economic Forum in Riyadh (Courtesy of the Egyptian Cabinet) STORYLINE: During a meeting with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva in the Saudi capital of Riyadh on Sunday, Egyptian Prime Minister Mostafa Madbouly expressed gratitude for the collaboration between the Egyptian government and the IMF. The two leaders were in Riyadh to attend a special meeting of the World Economic Forum (WEF). Madbouly emphasized that the IMF's approval to increase the value of the financing program provided to Egypt reflects the high level of confidence the international financial institution has in the Egyptian economy. Egypt has met seven commitments out of 15 pledges under its ongoing eight-billion-dollar Extended Fund Facility (EFF)

XINHUA PHOTOS OF THE DAY

(240419) -- BEIJING, April 19, 2024 (Xinhua) -- This photo taken on Feb. 26, 2024 shows a visitor looking at oracle bones with inscriptions displayed at the new building of Yinxu Museum in Anyang, central China's Henan Province. Luxor, the ancient city of Thebes in southern Egypt, was the pharaohs' capital at the height of their power during the New Kingdom from the 16th century BC to the 11th century BC. Seen by many as the world's largest open-air museum, it is home to famous Tutankhamen's tomb in the Valley of the Kings and the ruins of the huge Karnak Temple Complex and Luxor Temple. The Yin Ruins, which is located in Anyang of central China's Henan Province, is the first documented late Shang Dynasty (1600-1046 B.C.) capital site in China, as confirmed by archaeological excavations and oracle bone inscriptions. Luxor and the Yin Ruins have, respectively, witnessed the historic highlights of the development of Egypt and China, the two ancient civilizations. April 18 marks the International Day

Egypt launches poultry, egg price reduction initiative

STORY: Egypt launches poultry, egg price reduction initiative SHOOTING TIME: file DATELINE: April 2, 2024 LENGTH: 00:00:59 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of a chicken farm in Egypt STORYLINE: Egyptian Prime Minister Mostafa Madbouly on Monday reviewed an initiative to reduce the prices of poultry and eggs by a rate ranging from 10 percent to 15 percent. Egyptian minister of agriculture and land reclamation explained that this initiative comes in response to the directives of the political leadership, as well as the government's initiatives and efforts to reduce commodity prices. As a result of this initiative starting Tuesday, the price of a kilogram of chickens on the farm is set to be 85 Egyptian pounds, and the price of a carton of table eggs to be 135 pounds. The minister confirmed that, in light of these announced prices, the price to the consumer will be a maximum of 95 pounds for poultry, and 145 pounds for eggs. Xinhua News Agency correspondents reporting from C

Egypt to receive 1st tranche of IMF loan next week: PM

STORY: Egypt to receive 1st tranche of IMF loan next week: PM SHOOTING TIME: March 30, 2024 DATELINE: March 31, 2024 LENGTH: 00:01:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Prime Minister inspecting the factory (Courtesy of the Egyptian Cabinet) 2. shots of the Egyptian Prime Minister delivering a speech in the industrial zone (Courtesy of the Egyptian Cabinet) 3. various of the Egyptian Prime Minister inspecting the factory (Courtesy of the Egyptian Cabinet) STORYLINE: Egyptian Prime Minister Mostafa Madbouly announced on Saturday that Egypt is set to receive the inaugural installment of an 8-billion-dollar expanded loan program from the International Monetary Fund (IMF) next week. Speaking at an industrial zone near Cairo, Madbouly added that Egypt is working on increasing dollar resources by supporting industry and export. The IMF had previously approved a 3-billion-dollar, 46-month Extended Fund Facility (EFF) arrangement for Egypt in late 2022, aimed at supporting it

Chinese ductile iron pipes firm to establish new factory in Egypt

STORY: Chinese ductile iron pipes firm to establish new factory in Egypt SHOOTING TIME: March 27, 2024 DATELINE: March 30, 2024 LENGTH: 00:00:32 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of signing ceremony (Courtesy of the Egyptian Cabinet) STORYLINE: China's Xinxing Ductile Iron Pipes Co., Ltd. has signed a land lease contract with Egypt-TEDA SEZone Development Company to build a new factory in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone. The signing ceremony held on Wednesday was attended by Egyptian Prime Minister Mostafa Madbouly, Suez Canal Economic Zone Chairman Waleid Gamaleldien, and other senior Egyptian officials. The project is planned to cover an area of about 270,000 square meters and produce 250,000 tons of ductile iron pipes per year, said Ma Ye, head of the Egypt project of Xinxing Ductile Iron Pipes Co., Ltd. With an investment of approximately 145 million U.S. dollars, the project is expected to generate nearly 200 million dollars in foreign exc

Egypt signs agreement with IMF to increase loan from 3 to 8 bln USD

STORY: Egypt signs agreement with IMF to increase loan from 3 to 8 bln USD SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:00:38 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference (Courtesy of the Egyptian Cabinet) STORYLINE: Egypt signed a financing agreement on Wednesday with the International Monetary Fund (IMF) to increase an initial 3 billion U.S. dollars loan deal to 8 billion dollars, Egyptian Prime Minister Mostafa Madbouly announced at a press conference. As part of the agreement, Egypt will also receive a loan of about 1.2 billion U.S. dollars from a separate facility that promotes environmental sustainability, Madbouly said. Besides the IMF, the prime minister added that other "international partners," including the World Bank, will also provide Egypt with soft loans to support the state in achieving monetary stability through an integrated program. "Our goal during the first period of Egypt's reform program following the IMF agreement is to rationa

Egypt's PM orders faster release of goods at ports to lower prices

STORY: Egypt's PM orders faster release of goods at ports to lower prices SHOOTING TIME: File DATELINE: March 5, 2024 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of ports in Egypt STORYLINE: Egypt's Prime Minister Mostafa Madbouly said on Monday that he had reviewed the movement of goods and freight in the country's ports and ordered the swift and immediate release of essential items amid a rise in U.S. dollar resources. Madbouly said in a statement that the presidential directives aimed to ease the flow of goods at various ports, especially food, medicine, fodder and production inputs, which would help balance and lower prices. He also said that the government was pursuing its reform measures to support the industrial sector and boost exports, as well as the agriculture, tourism and communications sectors, adding that these are part of the state's plan for structural reform. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

Egypt delivers most humanitarian aid to Gaza: PM

STORY: Egypt delivers most humanitarian aid to Gaza: PM SHOOTING TIME: March 2, 2024 DATELINE: March 3, 2024 LENGTH: 00:00:44 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of the meeting (taken by the cabinet) STORYLINE: Egyptian Prime Minister Mostafa Madbouly said on Saturday that Egypt contributes to the delivery of more than 80 percent of humanitarian aid to Gazans. Madbouly made the remarks during his meeting with a visiting delegation from the FAO led by Director-General Qu Dongyu, during which they discussed further cooperation in agriculture and food security. The Egyptian prime minister noted that although Egypt is among the affected countries neighboring the conflict zone, it delivers most of the aid for the Gaza Strip which is under Israeli siege and bombardment. During the ongoing Israeli attacks in Gaza, the Rafah border crossing between Egypt and Gaza has been a key lifeline to provide the enclave with relief supplies, donated by Egypt and other countries as well as local and int

Egypt signs renewable energy agreements worth 40 bln USD

STORY: Egypt signs renewable energy agreements worth 40 bln USD SHOOTING TIME: Feb. 28, 2024 DATELINE: Feb. 29, 2024 LENGTH: 00:01:28 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the signing ceremony (courtesy of the Egyptian cabinet) STORYLINE: Egypt signed on Wednesday seven cooperation agreements with international developers in the fields of green hydrogen and renewable energy in the Suez Canal Economic Zone. The total investments for these projects are expected to exceed 40 billion U.S. dollars over a span of 10 years, the Egyptian cabinet said in a statement. Egyptian Minister of Planning and Economic Development Hala Al-Saeed said that the pilot phase of the agreements involves investments of approximately 12 billion dollars, followed by an additional 29 billion dollars for the first phase. The Egyptian government has been working to transform the country into a regional center for the production and export of green energy. Xinhua News Agency correspondents reporting from Cairo. (XH

Egypt, UAE sign deal to develop new city on Egypt's northern coast

STORY: Egypt, UAE sign deal to develop new city on Egypt's northern coast SHOOTING TIME: Feb. 23, 2024 DATELINE: Feb. 24, 2024 LENGTH: 00:02:59 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of the signing ceremony 2. various of Egyptian Prime Minister Mostafa Madbouly speaking 3. various of the signing ceremony STORYLINE: Egypt and the United Arab Emirates (UAE) signed a deal on Friday to build a new city on Egypt's northern coast, with the aim of boosting tourism, investment and foreign currency reserves. The agreement, signed by Egypt's Housing Minister Assem El-Gazzar and UAE's Investment Minister Mohamed Al Suwaidi at Egypt's New Administrative Capital, will develop Ras Al-Hekma, a 170-square-kilometer area west of Alexandria. Egyptian Prime Minister Mostafa Madbouly, who attended the signing, said the project would be carried out by Egypt's New Urban Communities Authority and Abu Dhabi Development Holding Company, and would inject 35 billion U.S. dollars of foreign direct investment into t

EGYPT-ALEXANDRIA-GRAECO-ROMAN MUSEUM-REOPENING

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