Egypt's central bank raises interest rates by 600 bps

STORY: Egypt's central bank raises interest rates by 600 bps SHOOTING TIME: earlier footage DATELINE: March 7, 2024 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting banknotes 3. various of the National Bank of Egypt 4. various of Banque Misr STORYLINE: The Central Bank of Egypt (CBE) raised its interest rates by 600 basis points (bps) on Wednesday and said it would allow the exchange rate to be determined by the market in a bid to ensure a smooth transition to a flexible inflation targeting regime. In a statement, the central bank raised the overnight lending rate to 28.25 percent, its overnight deposit rate to 27.25 percent, and the rate of the main operation to 27.75 percent. The CBE decided to accelerate the monetary tightening process in order to fast-track the disinflation path and ensure a decline in underlying inflation. Egypt's annual inflation figures, despite recent declines, are expected to remai

Egypt sends 190 truckloads of aid supplies to war-ravaged Gaza

STORY: Egypt sends 190 truckloads of aid supplies to war-ravaged Gaza SHOOTING TIME: Nov. 18, 2023 DATELINE: Nov. 19, 2023 LENGTH: 00:02:16 LOCATION: Cairo CATEGORY: POLITICS/SOCIETY SHOTLIST: 1. various of the convoy 2. SOUNDBITE (Arabic): NEVINE EL-QABBAJ, Egypt's Minister of Social Solidarity 3. various of the convoy leaving for Gaza Strip STORYLINE: Egypt on Saturday sent a convoy of more than 190 aid-laden trucks to the war-torn Palestinian enclave of Gaza Strip. The convoy, carrying 2,500 tons of aid package provided by Egypt's Tahya Misr Fund, would enter Gaza through the Rafah border crossing. At the launching ceremony held in the Egyptian capital of Cairo, Egyptian Prime Minister Mostafa Madbouly said that so far more than two-thirds of the aid delivered to Gaza came from Egypt. Madbouly noted that Egypt will continue to send aid to the people of the Gaza Strip, adding that Egypt also receives "on a regular basis and as many as possible" wounded Palestinians who need medical interventions.

Egypt, UAE sign currency swap agreement

STORY: Egypt, UAE sign currency swap agreement DATELINE: Sept. 29, 2023 LENGTH: 00:00:47 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various shots of the Central Bank of Egypt 2. various shots of an accountant counting banknotes 3. various exterior shots of Misr Banque 4. various exterior shots of the National Bank of Egypt STORYLINE: The central banks of Egypt and the United Arab Emirates (UAE) signed on Thursday a currency swap deal, agreeing to exchange up to 42 billion Egyptian pounds (about 1.36 billion U.S. dollars) and 5 billion UAE dirhams at nominal value. The agreement comes within the framework of strengthening relations between Egypt and the UAE at all levels and contributes to increasing their trade volume, a statement from the Central Bank of Egypt (CBE) quoted the bank's governor Hassan Abdallah as saying. He noted that the deal also serves as a cornerstone for joint financial cooperation between the two sides. UAE Central Bank Governor Khaled Mohamed Balama said the agreement

Egypt's central bank keeps interest rates unchanged

STORY: Egypt's central bank keeps interest rates unchanged DATELINE: Sept. 22, 2023 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting banknotes 3. various of the National Bank of Egypt 4. various of Banque Misr STORYLINE: The Central Bank of Egypt (CBE) decided Thursday to maintain interest rates at current levels. During its meeting, the CBE's Monetary Policy Committee (MPC) kept the overnight deposit rate, overnight lending rate and the rate of the main operation at 19.25 percent, 20.25 percent and 19.75 percent, respectively. The discount rate remained at 19.75 percent. According to Egypt's Central Agency for Public Mobilization and Statistics, the country's year-on-year headline inflation hit a record high of 39.7 percent in August, compared to 38.2 percent in July and 15.3 percent in August 2022. In early August, the CBE raised the interest rates by 100 basis points, or 1 percent, in a bid to contain high inflat

Egypt's president vows to bolster industrial production amid economic woes

STORY: Egypt's president vows to bolster industrial production amid economic woes DATELINE: Aug. 20, 2023 LENGTH: 0:01:09 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of President Sisi's inspection tour at the Egyptian Military Academy 2. various of the Central Bank of Egypt 3. various of an accountant counting banknotes 4. various of the National Bank of Egypt 5. various of Banque Misr STORYLINE: Egyptian President Abdel-Fattah al-Sisi said on Saturday that the government is formulating a plan to enhance domestic industrial production and reduce imports, with the goal of addressing the ongoing economic challenges in the nation. Sisi, also Egypt's top military leader, made these remarks during his inspection tour of the Egyptian Military Academy, which was broadcast on Egyptian state TV. "Despite these difficult conditions, we are keen on working hard in all fields, and we are persistent in finding permanent solutions to this economic crisis," the Egyptian president said. He noted that

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(230820) -- NEW ALAMEIN, Aug. 20, 2023 (Xinhua) -- A competitor performs during the drift challenge of Misr International Motorsport Championship in New Alamein City, Egypt, Aug. 19, 2023. (Xinhua/Ahmed Gomaa)

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(230820) -- NEW ALAMEIN, Aug. 20, 2023 (Xinhua) -- A competitor performs during the drift challenge of Misr International Motorsport Championship in New Alamein City, Egypt, Aug. 19, 2023. (Xinhua/Ahmed Gomaa)

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(230820) -- NEW ALAMEIN, Aug. 20, 2023 (Xinhua) -- A competitor performs during the drift challenge of Misr International Motorsport Championship in New Alamein City, Egypt, Aug. 19, 2023. (Xinhua/Ahmed Gomaa)

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(230820) -- NEW ALAMEIN, Aug. 20, 2023 (Xinhua) -- A competitor performs during the drift challenge of Misr International Motorsport Championship in New Alamein City, Egypt, Aug. 19, 2023. (Xinhua/Ahmed Gomaa)

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(SP)EGYPT-NEW ALAMEIN-MOTORSPORT

(230820) -- NEW ALAMEIN, Aug. 20, 2023 (Xinhua) -- A competitor performs during the drift challenge of Misr International Motorsport Championship in New Alamein City, Egypt, Aug. 19, 2023. (Xinhua/Ahmed Gomaa)

Home-based library brings joy of reading to Egyptian village kids

STORY: Home-based library brings joy of reading to Egyptian village kids DATELINE: Aug. 7, 2023 LENGTH: 00:02:12 LOCATION: Cairo CATEGORY: SOCIETY SHOTLIST: 1. various of the home-based library 2. SOUNDBITE 1 (Arabic): MOHAMED ABEL-AZIZ, Librarian 3. various of librarians working and children reading 4. SOUNDBITE 2 (Arabic): MAGDA SAEED, Reader 5. SOUNDBITE 3 (Arabic): ZIYAD REDA, Reader 6. various of librarians working and children reading 7. SOUNDBITE 4 (Arabic): EL-SAYYID EL-SHAHHAT, Parent STORYLINE: In Bishat Amer village in northeast Egypt's Sharqia Province, 34-year-old librarian Mohamed Abel-Aziz often sees dozens of children filling the entrance and hallway stairs of his house, where they read, draw, or practice handwriting. Working at Misr Public Library in Zagazig City of Sharqia, Abel-Aziz has turned most part of the ground floor of his two-storey family house into a public library for the village kids, as he was driven by the sense of mission to help them read and learn. SOUNDBITE 1 (Arabic)

Egypt raises interest rates by 1 pct to curb inflation

STORY: Egypt raises interest rates by 1 pct to curb inflation DATELINE: Aug. 4, 2023 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. File footage of the Central Bank of Egypt 2. File footage of an accountant counting banknotes 3. File footage of the National Bank of Egypt 4. File footage of Banque Misr STORYLINE: Egypt decided to raise the interest rates by 100 basis points in a bid to contain high inflation, the Central Bank of Egypt (CBE) announced on Thursday. The deposit and lending rates were raised to 19.25 percent and 20.25 percent, respectively, while the rate of the main operation and the discount rate were increased to 19.75 percent, the CBE said in a statement after a meeting of the Monetary Policy Committee. Egypt's annual urban headline inflation increased to 35.7 percent in June, up from 32.7 percent in May, and the annual core inflation climbed to 41 percent in June from 40.3 percent in May, the CBE noted. The CBE said a rate hike of 100 bps is warranted for easin

Egypt's state banks offer dollar-deposit certificates to ease hard currency shortage

STORY: Egypt's state banks offer dollar-deposit certificates to ease hard currency shortage DATELINE: July 26, 2023 LENGTH: 00:00:48 LOCATION: Cairo CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. various of U.S. dollars 2. various of the National Bank of Egypt (NBE) and Banque Misr STORYLINE: Egypt's two state-owned banks issued Tuesday high-interest U.S. dollar-deposit certificates to lure hard currency back into the country's financial system. On their Facebook pages, Banque Misr and the National Bank of Egypt said they are offering a three-year dollar-denominated deposit certificate with 9 percent annual interest to be paid upfront in Egyptian pounds. Both banks also offer another three-year dollar deposit certificate with 7 percent interest paid quarterly in dollars. It will allow depositors to receive a loan equal to half its value with a maximum of 10 million pounds (about 324 dollars). A deposit of 1,000 dollars is the minimum sum for buying a certificate, the two banks added. The Egyptian local curren

Egyptian president inaugurates new maritime terminal in Alexandria

STORY: Egyptian president inaugurates new maritime terminal in Alexandria DATELINE: June 16, 2023 LENGTH: 00:00:42 LOCATION: Cairo CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of Alexandria 2. various of the Tahya Misr multipurpose maritime terminal STORYLINE: Egyptian President Abdel-Fattah al-Sisi inaugurated a new multipurpose maritime terminal in Alexandria on Thursday, as part of a broader plan to develop the country's ports. The Tahya Misr multipurpose maritime terminal, which is located at Alexandria Port, is designed to handle a wide range of cargo, including containers, general cargo, and automobiles. It has an annual capacity of 12 to 15 million tonnes of goods. The development of the new terminal is part of Egypt's efforts to position itself as a regional and international trade and logistics hub. The country has a strategic location on the Mediterranean Sea and is well-connected to major markets in Europe, Asia, and Africa. In a sideline meeting, al-Sisi said that he is confident

Egypt hikes interest rates by 2 pct to contain inflation

STORY: Egypt hikes interest rates by 2 pct to contain inflation DATELINE: March 31, 2023 LENGTH: 0:00:57 LOCATION: CAIRO CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting banknotes 3. various of the National Bank of Egypt 4. various of Banque Misr STORYLINE: Egypt's Monetary Policy Committee (MPC) decided to raise the interest rates of the Central Bank of Egypt (CBE) by 200 basis points in a new bid to contain high inflation, the CBE said on Thursday. The deposit and lending rates were raised to 18.25 percent and 19.25 percent, respectively, while the rate of the main operation and the discount rate were increased to 18.75 percent, the CBE said in a statement. Egypt has been struggling to contain rising inflation over the past years, amid a shortage of foreign currency caused by the global economic repercussions of the COVID-19 pandemic and the Russia-Ukraine conflict. Egypt's annual urban headline inflation increased to a record high of 25.8 p

Chinese, Saudi companies open bus assembly plant in Egypt

STORY: Chinese, Saudi companies open bus assembly plant in Egypt DATELINE: March 3, 2023 LENGTH: 00:01:17 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the inauguration ceremony of a new bus assembly plant 2. various of employees working at the bus assembly plant 3. various of buses at the bus assembly plant STORYLINE: A new bus assembly plant co-built by Chinese and Saudi firms has started production in New Suez City, Egypt, with the first batch of transport buses expected to roll off the assembly line soon. Speaking at a belated inauguration ceremony held in the city on Tuesday, Hamed Al Mutabagani, chairman of Saudi company ATM Misr, said the factory was designed with an annual production capacity of 500 buses. The plant covers an area of 164,000 square meters and is equipped with advanced production lines, warehouses, and quality-control facilities, added Al Mutabagani, whose company co-built the factory with Chinese bus maker King Long. ATM Misr invested one billion Egyptian pounds (abo

Saudi investment fund subsidiary invests 1.3 bln USD in Egyptian firms

STORY: Saudi investment fund subsidiary invests 1.3 bln USD in Egyptian firms DATELINE: Aug. 11, 2022 LENGTH: 00:00:53 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: various of cargo handling at port and vesselsvarious of people working in fields STORYLINE: A subsidiary of the Saudi Public Investment Fund (PIF) has acquired minority stakes in four Egyptian companies for 1.3 billion U.S. dollars, Egypt's Ministry of Planning and Economic Development said on Wednesday. This comes as Egypt ramps up its effort to entice foreign investors, the ministry said in a statement. The Saudi-Egyptian Investment Company (SEIC) has obtained minority holdings of Abu Qir Fertilizers and Chemical Industries Company, Misr Fertilizers Production Company, Alexandria Container and Cargo Handling Company, and E-Finance for Digital and Financial Investments, all of which are listed on the Egyptian Exchange. "The deal is a part of the country's plan to encourage foreign direct investments and lure Arab and foreign investor

Egyptian students enjoy broader chances to learn Chinese

STORY: Egyptian students enjoy broader chances to learn Chinese DATELINE: April 23, 2022 LENGTH: 00:02:42 LOCATION: Cairo CATEGORY: SOCIETY SHOTLIST: 1. Egyptian students performing Chinese martial arts during an event to mark the International Chinese Language Day 2. SOUNDBITE 1 (Arabic): JAWNAA ESSAM, Student of Egyptian Chinese Friendship School 3. Deputy director of the China Cultural Center in Cairo Shao Bin handing over books to Riad Taher Radwan, director of Misr Public Library (MLP) 4. SOUNDBITE 2 (Arabic): RIAD TAHER RADWAN, Director of Misr Public Library 5. Egyptian students performing Chinese song 6. SOUNDBITE 3 (English): GIANNA XU, Head of the Chinese Bridge Club in Cairo STORYLINE: In Egypt, the ways to learn Chinese have become increasingly diverse and considerate towards local youngsters who are willing to challenge themselves with the language famed for profoundness and splendid culture. During an event held in Cairo on Thursday marking the UN Chinese Language Day, which falls on April 2

EGYPT-CAIRO-CHINESE LANGUAGE DAY

EGYPT-CAIRO-CHINESE LANGUAGE DAY

(220423) -- CAIRO, April 23, 2022 (Xinhua) -- Shao Bin (1st R), deputy director of the China Cultural Center and Riad Taher Radwan (2nd R), director of Misr Public Library, attend a book handover ceremony during an event marking the UN Chinese Language Day in Cairo, Egypt, April 21, 2022. TO GO WITH "Roundup: Egyptian students enjoy broader chances to learn Chinese" (Xinhua/Ahmed Gomaa)

ABDULLAH THE GREAT (UK/EGYPT 1955) MISR UNIVERSAL CAIRO/SPHI

ABDULLAH THE GREAT (UK/EGYPT 1955) MISR UNIVERSAL CAIRO/SPHI

ABDULLAH THE GREAT MISR UNIVERSAL CAIRO/SPHINX FILMS KAY KENDALL, GREGORY RATOFF sex disinterested Date: 1955

al-Massir

al-Massir

al-Massir English title: Destiny French title: La Destin Khaled El Nabaoui France 2 Cinema/MISR Interantional/Ognon Pictures Date: 1997

al-Massir

al-Massir

al-Massir English title: Destiny French title: Le Destin actors unidentified France 2 Cinema/MISR Internatonal/Ognon Pictures Date: 1997

al-Massir

al-Massir

al-Massir English title: Destiny French title: La Destin Nour El Sherif as Averroes with unidentified actress France 2 Cinema/MISR International/Ognon Pictures Date: 1997

al-Massir

al-Massir

al-Massir English title: destiny French title: Le Destin Khaled El Nabaou and Mahmoud Hemida(?) Picture form the Ronald Grant Archive France 2 Cinema/MISR International/Ognon Pictures Date: 1997