World Bank Group approves new financing for Egypt

STORY: World Bank Group approves new financing for Egypt SHOOTING TIME: File DATELINE: June 25, 2024 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Egypt STORYLINE: The World Bank approved on Monday the provision of 700 million U.S. dollars in financing the Egyptian government, within the framework of the Development Policy Financing (DPF) program, to enhance macroeconomic stability. The DPF program is designed to support the government's efforts to address short-term economic challenges, contribute to strengthening structural reforms, increase the competitiveness of the economy, and improve the business environment in Egypt. Egyptian Minister of International Cooperation Rania Al-Mashat said the Egyptian government pledges to implement ambitious economic and structural reforms, aiming at creating a more competitive economy. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

U.S. provides 130 mln USD for Egypt's development

STORY: U.S. provides 130 mln USD for Egypt's development SHOOTING TIME: File DATELINE: June 14, 2024 LENGTH: 00:00:43 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the post of USAID Egypt on Facebook 2. various of the U.S. Embassy in Cairo 3. Egypt's Minister of International Cooperation Rania Al-Mashat speaking STORYLINE: The U.S. and Egypt on Thursday signed eight funding agreements under which the U.S. Agency for International Development (USAID) will provide Egypt with grants worth 130 million U.S. dollars to support Egypt's development. The agreements were signed by Egypt's Minister of International Cooperation Rania Al-Mashat and the U.S. Ambassador to Egypt Herro Mustafa Garg in the Egyptian capital Cairo. Al-Mashat said the "non-refundable" development grants will be directed to several priority sectors, including inclusive economic governance, education, health, agribusiness development, climate action, and water management solutions, according to a statement by the Egyptian Ministr

Egypt, Italy agree to begin negotiations on 4th phase of debt swap program

STORY: Egypt, Italy agree to begin negotiations on 4th phase of debt swap program SHOOTING TIME: May 26, 2024 and file DATELINE: May 27, 2024 LENGTH: 00:00:42 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various photos of the meeting 2. various of the Nile River 3. Egyptian Minister of International Cooperation Rania Al-Mashat STORYLINE: In a meeting held on Sunday, Egypt and Italy reviewed progress in the third phase of their debt swap program and initiated discussions for the fourth phase. Egyptian Minister of International Cooperation Rania Al-Mashat highlighted Italy's commitment to supporting sectors aligned with Egypt's Nexus of Water, Food, and Energy Program in the upcoming phase. Italian Ambassador in Cairo Michele Quaroni stated that, for the fourth phase, Italy is exploring projects in the agro-food sector, investment in Egypt's human capital, and aid for communities affected by climate change and food shortages. The debt swap program between the two countries allows Egypt to reduc

Egypt signs 500-mln-USD financing deal with UAE to import wheat

STORY: Egypt signs 500-mln-USD financing deal with UAE to import wheat DATELINE: Aug. 16, 2023 LENGTH: 00:00:51 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of shots of wheat at an Egyptian port STORYLINE: The Egyptian Ministry of Finance on Tuesday signed a 500-mln-U.S. dollar five-year financing agreement with the Abu Dhabi Exports Office (ADEX) of the United Arab Emirates (UAE) to finance wheat imports, the ministry said in a statement. "This is the first deal signed with ADEX, a financial arm of the Abu Dhabi Fund for Development (ADFD), in light of the two countries' strong relations and the joint cooperation for promoting development and boosting food security," the statement quoted Egyptian Minister of International Cooperation Rania Al-Mashat as saying. The funds will be disbursed in five tranches, each valued at 100 million dollars, she added. Noting that food security is a vital issue and a matter of national security, Al-Mashat said Egypt has enough wheat reserves for five months' c

China-funded prototype satellites delivered to Egypt

STORY: China-funded prototype satellites delivered to Egypt DATELINE: June 27, 2023 LENGTH: 0:03:05 LOCATION: Cairo CATEGORY: TECHNOLOGY SHOTLIST: 1. various of the packaged flight model and two prototype satellites of the MisrSat II satellite project 2. various of the delivery ceremony 3. SOUNDBITE 1 (Arabic): RANIA AL-MASHAT, Egyptian Minister of International Cooperation 4. SOUNDBITE 2 (Chinese): LIAO LIQIANG, Chinese Ambassador to Egypt 5. various of the AIT center 6. SOUNDBITE 3 (Arabic): SHERIF SEDKY, Chief executive officer of the Egyptian Space Agency STORYLINE: Two China-funded prototype satellites of the MisrSat II satellite project were delivered to the Egyptian side on Sunday, making Egypt the first African country with the capacity to assemble, integrate and test satellites. During the delivery ceremony held at the Egyptian Space Agency near the country's New Administrative Capital, Egyptian Minister of International Cooperation Rania Al-Mashat thanked China for supporting and cooperating

EGYPT-NEW ADMINISTRATIVE CAPITAL-CHINA-PROTOTYPE SATELLITES-DELIVERY

EGYPT-NEW ADMINISTRATIVE CAPITAL-CHINA-PROTOTYPE SATELLITES-DELIVERY

(230626) -- NEW ADMINISTRATIVE CAPITAL (EGYPT), June 26, 2023 (Xinhua) -- Egyptian Minister of International Cooperation Rania Al-Mashat (R) shakes hands with Chinese Ambassador to Egypt Liao Liqiang after a delivery ceremony of two prototype satellites of the MisrSat II satellite project at the Egyptian Space Agency near New Administrative Capital, Egypt, on June 25, 2023. Two China-funded prototype satellites of the MisrSat II satellite project were delivered to the Egyptian side on Sunday, making Egypt the first African country with the capacity to assemble, integrate and test satellites. (Xinhua/Wang Dongzhen)

Saudi delegation arrives in Yemen to hold ceasefire talks with Houthi rebels: Houthi TV

STORY: Saudi delegation arrives in Yemen to hold ceasefire talks with Houthi rebels: Houthi TV DATELINE: April 10, 2023 LENGTH: 00:01:47 LOCATION: Sanaa CATEGORY: POLITICS SHOTLIST: 1. various of Mahdi al-Mashat, chairman of the Houthi's political council, meeting with Saudi and Omani officials in Sanaa STORYLINE: A Saudi delegation arrived in the Yemeni capital of Sanaa on Saturday evening to hold ceasefire talks with the Iran-backed Houthi militia, the Houthi-run al-Masirah TV reported on Sunday. The Saudi delegation arrived along with Omani officials to meet with Mahdi al-Mashat, chairman of the Houthi's political council, for discussion of arrangements to renew the ceasefire deal that ended in October 2022, said the report. "The move came as part of Oman's mediation efforts to bring peace to Yemen," it said. Oman, which borders both Yemen and Saudi Arabia, has actively engaged in brokering a truce in Yemen in coordination with the United Nations peace efforts. Muhammad al-Bukhaiti, a member of the

Egypt aims to open up more to world based on balanced foreign policy: official

STORY: Egypt aims to open up more to world based on balanced foreign policy: official DATELINE: Sept. 18, 2022 LENGTH: 00:01:35 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of the River Nile, the Presidential palace and the Foreign Ministry 2. SOUNDBITE (Arabic): RANIA AL-MASHAT, Egypt's Minister of International Cooperation 3. various of a construction site in Greater Cairo STORYLINE: Egypt aims to open up more to the world through relations based upon balance and mutual interests, the country's officials have said. On the sidelines of a press conference held on Saturday on the National Strategy of Intellectual Property, Al-Mashat stressed Egypt's balanced foreign policy. SOUNDBITE 1 (Arabic): RANIA AL-MASHAT, Egypt's Minister of International Cooperation "Egypt's foreign policy is very balanced and open up to all world states. Through the global changes that we witness nowadays, I think that Egyptian diplomacy is characterized by its very long history and it can strike a balance among all th

Egypt seeks international support to deal with food shortage caused by Ukraine crisis

STORY: Egypt seeks international support to deal with food shortage caused by Ukraine crisis DATELINE: July 21, 2022 LENGTH: 0:01:04 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of factories, shopping malls and markets in Egypt STORYLINE: Egypt's minister of international cooperation Rania Al-Mashat said Wednesday that Egypt is discussing a contractual framework for wheat tenders with a World Bank delegation. It is the country's effort to deal with the repercussions of the Russian-Ukrainian crisis. During the discussion, Al-Mashat reviewed the amount of funding directed to the purchase of wheat, the completion of the system for building and modernizing silos, and achieving sustainability for the food system. She also touched on the program of supporting the state's general budget towards economic resilience and food security requirements in cooperation with the African Development Bank. A few days ago, the Board of Directors of the African Development Bank has approved a loan of 271 million U