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CNN —A major fire ravaged the 80-year-old iconic Al-Ahram Studio in Cairo, causing extensive damage and spreading to adjacent buildings on Saturday morning, according to the Egyptian state news website Al-Ahram. The fire, which took firefighters over five hours to extinguish and prompted an evacuation of nearby residential buildings, erupted just hours after the completion of filming for a Ramadan television series, Al-Ahram added. Videos circulating on Egyptian media sites showed the studio site and the buildings around it fully affected by the fire. The studio had been instrumental in producing countless Egyptian films and television series, marking it as a significant cultural asset. Egypt’s Public Prosecutor has launched an investigation into the cause of the fire at one of the Arab world’s oldest film production houses, state media outlets report.
Persons: Ahram, Momen Samir, , Omar Sharif, Youssef Chahine, Mostafa Madbouly, Nevine, Kilany Organizations: CNN, Ahram, Getty, Hollywood, Egypt’s, Madbouly, State Information Service Locations: Cairo, Ahram, AFP, Egypt, Al
A deal for a temporary cease fire was inching into view in Israel's war against Hamas, but Prime Minister Benjamin Netanyahu tempered expectations by vowing that the war would continue even if a deal is reached. “We are at war, and we will continue the war,” he said. Israel has vowed to continue the war until it destroys Hamas’ military capabilities and returns all hostages. Turkish President Recep Tayyip Erdogan, whose government maintains ties with Hamas officials, said Turkey’s foreign minister and intelligence chief were working with Qatari officials to negotiate releases. Hamas has released four hostages, Israel has rescued one, and the bodies of two were found near Shifa.
Persons: Benjamin Netanyahu, Netanyahu, Israel, Gaza — Israel, NETANYAHU, , , Mostafa Madbouly, ” Madbouly, Israel —, Hadas Kalderon, Kalderon, John Kirby, Kirby, “ We’ve, ” NETANYAHU, , ” Netanhayu, Khalil al, Hayya, Valdis Dombrovskis, ” BIDEN, WASHINGTON, Joe Biden, ” “, ” Biden, Biden's, Recep Tayyip Erdogan, Erdogan, Abdelmadjid Tebboune, Tebboune, ” Tebboune, ” Erdogan, Israel’s, Asad, Assad, Qassim Abdul, Bassem, Tara Copp, Benjamin Netanyahu’s, Sergey Lavrov, Lavrov, ” Lavrov, Ziad Makary, Farah Omar, Rabih Maamari, Kfar Kila, Laiqa Serhan, Reuters videojournalist, Abduallah, Qatar’s Al, Izzat, Ismail Haniyeh, Goren, Tal Chaimi, ” Netanyahu, Mosab Abu Toha, Hamza Abu Toha, Mosab, Hamza, ” Mosab Abu Toha, Abu, Abu Toha Organizations: Hamas, Senior, Palestinian, Troops, Health Ministry, West Bank, WAR, JERUSALEM, CAIRO —, Israel, White, National Security, Israel —, European Union, ” EU, HIT ISRAEL, Algerian, International Criminal, Hezbollah, Cabinet, MUSLIM, Arab League, Organization of Islamic Cooperation, United Nations Security Council, Lebanese, National News Agency, Reuters, Agence France, Jazeera, SEA DUBAI, United Arab Emirates, Galaxy Leader, U.S . Navy, OFFICIAL, PEN, Yorker Locations: Israel, United States, Qatar, Gaza, Gaza City, Gaza —, Iran, Yemen, Egypt, Cyprus, israel, Israeli, EGYPT, CAIRO, TEL AVIV, HAIFA, Beirut, EU, STRASBOURG, France, TURKEY, ALGERIA, GAZA ALGIERS, Algeria, Turkey, Turkish, BAGHDAD, Iraq, U.S, al, Baghdad, Anbar, Syria, Zahra, Bassem Mroue, Washington, JERUSALEM, , Russian, Moscow, Russia, LEBANON, ISRAEL, BEIRUT, Lebanon, Kibbutz Manara, Kfar, IRAN, YEMEN, United Arab, Tehran, American, Red, Persian, Hormuz, Shifa
Yet over the last three weeks of Israel’s war with Hamas in Gaza, Rafah has become the focus of heated negotiations, a place where many people, both powerful and powerless, have pinned their waning hopes. So far, nothing and no one has been able to come out of Gaza. Aid trucks and army tanks lined the dusty road leading to the crossing. On Tuesday, 83 trucks arrived in Gaza, said Wael Abu Omar, a spokesman for the Gaza side of the Rafah crossing. There is still a chance that an agreement could come together for people with foreign passports to leave.
Persons: we’ve, Mostafa Madbouly, Wael Abu Omar, David M, , Israel, , Madbouly, Mustafa Mouftah, Mr, Satterfield, Biden, Hiba, Iyad Abuheweila Organizations: Gaza’s General Authority, , European Union, U.S, United Locations: Cairo, Rafah, Egypt, Gaza, Israel, North, United States, Egyptian, El Arish
Amid rising pressure on Egypt to admit Palestinian refugees, the country's prime minister, Mostafa Madbouly, said it remained committed to protecting its land and sovereignty regardless of the cost. "We are prepared to sacrifice millions of lives to ensure that no one encroaches upon our territory,” Madbouly told a gathering in Sinai of military leaders, local tribal leaders, members of parliament and other politicians. The prime minister said Egypt would never allow any imposed situation or the settlement of regional issues at its expense.
Persons: Mostafa Madbouly, ” Madbouly Locations: Egypt, Sinai
On the far side of the Sinai Peninsula, about a six-hour drive from Cairo through a largely empty Egyptian desert, the Rafah crossing is a dun-colored expanse of sand, concrete and not much else. Yet over the last three weeks of Israel’s war with Hamas in Gaza, Rafah has become the focus of heated negotiations, a place where many people, both powerful and powerless, have pinned their waning hopes. Egypt highlighted that role on Tuesday, when the government took reporters on a tightly controlled trip to Rafah. Aid trucks and army tanks lined the dusty road leading to the crossing. On Tuesday, 83 trucks arrived in Gaza, said Wael Abu Omar, a spokesman for the Gaza side of the Rafah crossing.
Persons: we’ve, Mostafa Madbouly, Wael Abu Omar, David M, , Israel, , Madbouly, Mustafa Mouftah, Mr, Satterfield, Biden, Hiba, Iyad Abuheweila Organizations: Gaza’s General Authority, , European Union, U.S, United Locations: Cairo, Rafah, Egypt, Gaza, Israel, North, United States, Egyptian, El Arish
China seeking quick end to Israel-Hamas conflict - Xi
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Chinese President Xi Jinping makes a speech during a reception dinner at the Great Hall of the People ahead of China's National Day in Beijing, China on September 28, 2023. Xi also said a ceasefire was "imperative" as soon as possible to prevent the conflict from expanding, or spiralling out of control, the state media said. China supports Egypt's efforts to let in humanitarian aid to Gaza, state media quoted Xi as telling Madbouly. Separately, Xi also said China was willing to work with Egypt to strengthen cooperation in infrastructure, agricultural technology, and renewable energy, adding that he will also encourage capable Chinese enterprises to invest there. Reporting by Liz Lee and Beijing newsroom; Editing by Kim Coghill and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: Xi Jinping, Jade Gao, Xi Jingping, Xi, Mostafa Madbouly, Liz Lee, Kim Coghill, Miral Organizations: of, Rights, Hamas, United, Thomson Locations: Beijing, China, Rights BEIJING, Israel, Gaza, Egypt, Egypt's
A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on Wednesday, October 18. Brendan Smialowski/AFP/Getty Images A view shows the aftermath of a deadly blast that struck Al-Ahli Baptist Hospital in Gaza City on October 18. Abed Khaled/AP Bodies of Palestinians killed in the blast at the Al-Ahli Baptist Hospital lie in front of the Al-Shifa Hospital in Gaza City on October 17. Samar Abu Elouf/The New York Times/Redux Palestinians wait to cross into Egypt at the Rafah border crossing in Gaza on October 16. Yousef Masoud/The New York Times A morgue worker arranges body bags at al-Shifa hospital in Gaza City on October 12.
Persons: Joe Biden, Abdel Fattah el, Sisi, Biden, “ We’re, We’re, Farhan Haq, It’s, Richard Brennan, , Belal Khaled, Abed Rahim Khatib, Leon Neal, Hod, Alexi J . Rosenfeld, Ayal Margolin, Antony Blinken, Benjamin Netanyahu, Brendan Smialowski, Ali Jadallah, Netanyahu, Kenny Holston, Abed Khaled, Ariel Schalit, Mohammed Abed, Kfar Aza, Ilia Yefimovich, Khan, Mustafa Hassona, Mahmoud Khaled, Samar Abu, Fatima Shbair, Dor Reder, Violeta Santos Moura, Shir Torem, Wahaj Bani Moufleh, Antonio Macías, Macías, Francisco Seco, Mohammed Saber, Eli Albag, Liri, Mohammed Talatene, Sergey Ponomarev, Hatem Ali, Dor Kedmi, Mahmud Hams, Saher, Hatem Moussa, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Yousef Masoud, Ibrahim Hams, Bashar Taleb, Baz Ratner, Jack Guez, Yahya Hassouna, Mapal Adam, Abed Zagout, Tamir Kalifa, Agha, Ibraheem Abu Mustafa, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, Mohammed Salem, CNN Sergey Ponomarev, Eden Guez, Atef Safadi, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Amir Cohen, Ilai Bar Sade, Erik Marmor, Oren Ziv, Ronen Zvulun, Majdi, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, , , Israel, Egypt’s, wouldn’t, Jonathan Conricus, ” Conricus, Xi Jinping, Mostafa Madbouly, ” Xi, Madbouly Organizations: CNN, UN, World Health Organization, WHO, , Al, Aqsa Martyrs Hospital, Getty, Israel's, Ahli Baptist Hospital, Israel Defense Forces, Israeli, Ben Gurion International, New York Times, Shifa, Palestinian, AP, Reuters, West Bank, Aris Messinis, Haim, Mount, Mount Herzl Military, Nova, Anadolu Agency, Nova Festival, Ben Gurion, Rockets, United Nations, Reuters Police, Reuters Rockets, Hamas, Israel, Islamic Jihad, National Security Council, White House, Egyptian Locations: Egypt, Gaza, Israel, United States, Aqsa, Gaza City, Rafah, Tel Aviv, Hod HaSharon, Kiryat Shmona, AFP, Al, Ahli, Anadolu, Sderot, Gan, Kfar, Khan Younis, North Sinai, Samar, Samar Abu Elouf, Beit Kama, Haifa, Cyprus, Nablus, West, Lebanon, Kfar Saba, Israeli, Be'eri, Rehovot, Mount Herzl, Jerusalem, Kibbutz Be'eri, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Yassin, Palestinian, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, Iraq, Jordan, Kuwait, Tunisia, United, Iran, Beijing
China is ramping up its diplomatic efforts in the Israel-Hamas conflict, with President Xi Jinping issuing his first public comments on the war and calling for a cease-fire. These increased diplomatic efforts show that China is seeking a quick end to the conflict, which started Oct. 7 after Hamas launched a brutal surprise attack on Israel, killing more than 1,400 people. Cartoons on Ukraine and Russia View All 104 Images"It's a very cost-effective strategy in the Middle East. China has vested economic interests in the Middle East given its oil imports from the region. The efforts also highlights ongoing attempts from China to be seen more broadly as a peacemaker and a prominent influence among international groups and developing countries.
Persons: Xi Jinping, Mostafa Madbouly, Xi “, Xi, Zhai Jun, it’s, Mor, Axios, Sobol, Antonio Guterres, Organizations: Egyptian, Chinese Foreign, Chinese Foreign Ministry, Hamas, Tamkang University, U.S, United Nations Locations: China, Israel, Beijing, State, Palestine, Egypt, Gaza, Taiwan, Ukraine, Russia
CNN —A two-state solution to establish an independent Palestine is the “fundamental way out” of the Israel-Hamas conflict, Xi Jinping said Thursday in the Chinese leader’s first public comments on the war since it broke out nearly two weeks ago. Xi also praised Egypt for playing an “important role” in cooling tensions, adding that China supports its efforts to let in humanitarian aid to Gaza, CCTV reported. Israel’s subsequent bombardment and siege of Gaza has killed some 3,500 Palestinians, including hundreds of children, according to local health authorities. Hours before Biden landed in Israel, Russia’s Vladimir Putin arrived in Beijing for the Belt and Road Forum. During their meeting, the two leaders discussed the conflict in the Middle East, which Putin said was a “common threat” that brought Russia and China closer together.
Persons: Xi Jinping, ” Xi, Mostafa Madbouly, Xi, Joe Biden, Abdel Fattah el, Biden, Russia’s Vladimir Putin, Putin, Israel –, Wang Yi, Zhai Jun Organizations: CNN, Egyptian, US, Israel, World Health Organization, Hamas, Biden, Chinese Foreign Ministry, Middle East Locations: Palestine, Israel, Beijing, China, Egypt, Gaza, Rafah, American, Russia, Europe, Ukraine
One of the world’s oldest synagogues reopens in Egypt
  + stars: | 2023-09-04 | by ( Aimee Look | ) edition.cnn.com   time to read: +3 min
CNN —Egypt has reopened one of the world’s oldest synagogues and home to the most significant single trove of Jewish manuscripts. A copy of the "Torah scrolls" at the newly restored Ben Ezra Synagogue, Egypt's oldest Jewish temple, after decade-long restoration, in old Cairo, Egypt. It awarded Drops of Milk a grant in 2017 to fund their restoration efforts of the remaining synagogues in Egypt, including Ben Ezra, Bertini said. The Ark and "Menorah" at the newly restored Ben Ezra Synagogue, in old Cairo, Egypt. The "Bimah," also known in Arabic as al-minbar, is pictured at the newly restored Ben Ezra Synagogue, in old Cairo, Egypt.
Persons: Ben Ezra, Mostafa Madbouly, Abraham ibn Ezra, Moses Maimonides, Maimonides, Moses, Amr Abdallah Dalsh, Egypt’s MOTA, Louise Bertini, ARCE, Bertini, “ There’s, Abel Fattah al, Sisi, Khaled Fahmy Organizations: CNN, Ministry of Tourism and Antiquities, Cambridge University Library, Milk Association, American Research Centre, UNESCO, Heritage Locations: Egypt, Egypt's, Cairo
The sale will reduce Chemical Industries' stake to 20.95%, giving impetus to Egypt's floundering privatisation programme. Global Investment will provide $150 million to buy the tobacco necessary for production as part of the agreement. The deal "is an affirmation of the government's determination to ... encourage direct private investment in various sectors," the cabinet statement said. Egypt's government sold 4.5% of Eastern Co. on the stock exchange in 2019, leaving the holding company with a majority stake. Egypt desperately needs foreign currency after the COVID pandemic and Ukraine crisis exposed vulnerabilities in its economy.
Persons: Mostafa Madbouly, Momen Saeed Atallah, Adam Makary, Hatem Maher, Patrick Werr, Ros Russell Organizations: Global Investment Holding, Eastern Co, Holding Company, Chemical Industries, Global Investment, International Monetary, Thomson Locations: CAIRO, Eastern, Egypt, Ukraine
The bloc, which includes Brazil, Russia, India, China and South Africa, on Thursday invited Egypt and five other countries to join, and Egypt immediately welcomed the offer. "The group's aim of reducing dollar transactions will lower the foreign currency pressure in Egypt," the cabinet said in s statement on Thursday. Monica Malik of ADCB said BRICS membership may eventually help Egypt attract more investment. "Egypt has two deep needs - FDI and a cheaper debt burden - and BRICS membership can help with both," Robertson said. The BRICS group on Thursday also invited Saudi Arabia, Iran, Ethiopia, Argentina and the United Arab Emirates to join.
Persons: Egypt Mostafa Madbouly, MARCO LONGARI, Abdel, Fattah, Sisi, Monica Malik, ADCB, Charles Robertson, " Robertson, Robertson, James Swanston, Patrick Werr, Nafisa Eltaher, Sarah El Safty, Giles Elgood Organizations: Rights, New Development Bank, FIM Partners, United, Capital Economics, Thomson Locations: Egypt, Sandton, Johannesburg, South Africa, Rights CAIRO, Brazil, Russia, India, China, Ukraine, Saudi Arabia, Iran, Ethiopia, Argentina, United Arab Emirates, Saudi, UAE
Egypt sells $121.6 mln stake in state-controlled Telecom Egypt
  + stars: | 2023-05-14 | by ( ) www.reuters.com   time to read: +2 min
CAIRO, May 14 (Reuters) - Egypt's government sold a 9.5% stake in state-controlled Telecom Egypt (ETEL.CA) for 3.75 billion Egyptian pounds ($121.6 million), the finance ministry said in a statement on Sunday, breathing life into a privatisation programme that had seemingly stalled. The stock exchange said on Sunday the sale of 162.2 million shares of Telecom Egypt had been executed for a total 3.75 billion pounds. Another 0.5% of the shares are now being offered to Telecom Egypt employees until May 25. The two-part sale will reduce the government's stake in Telecom Egypt to 70% from the previous 80%, with the other 20% floating on the Egyptian Exchange. The ministry statement did not say what portion of the shares were sold to local buyers as opposed to non-Egyptians.
Russia's illegal invasion of Ukraine has led to spiraling food prices worldwide, including in Egypt. Egyptians are paying a heavy price for Russia's war in Ukraine. Before the war, Ukraine and Russia typically supplied 85% of Egypt's wheat imports. These are not the only actions taken to mitigate the economic impact of Russia's invasion of Ukraine. Russia's war in Ukraine has triggered one of the country's most severe domestic crises.
Egypt has pledged to reduce the role of state and military-owned companies in favor of private businesses in the economy. CAIRO—Egypt is set to sell stakes in 32 state-run companies in everything from electricity and banking to hotels, in a bid to attract more private investment as the cash-strapped country grapples with the economic fallout from the Ukraine war. The country plans to sell shares in at least 32 state companies in the coming year either directly to investors or via the Egyptian Stock Exchange, Egyptian Prime Minister Mostafa Madbouly said Wednesday. The list includes stakes in locally prominent firms such as Banque du Caire and Egypt’s largest insurance company, Misr Life Insurance Co.
The loan, along with billions of dollars in cash inflows from Abu Dhabi and Riyadh, are Band-Aids, experts say, designed to keep the Arab world’s most populous country afloat. Without proper reforms, however, Egypt may never be able to shake off its chronic financial woes and break its growing debt addiction. Billions of dollars from Abu Dhabi and Riyadh have poured into the Egyptian economy in recent years. Saudi Arabia’s Public Investment Fund (PIF) also launched the Saudi Egyptian Investment Company (SEIC) in August, a company dedicated to investments in several vital sectors of the Egyptian economy. Still, the Egyptian economy has struggled to shake off its economic woes.
Saudi Shares fall on weak earnings, volatile oil
  + stars: | 2022-10-30 | by ( Md Manzer Hussain | ) www.reuters.com   time to read: +3 min
Most Gulf currencies are pegged to the dollar and Qatar, Saudi Arabia and the United Arab Emirates usually copy any monetary policy change in the United States. The benchmark index (<.TASI>) in Saudi Arabia declined 0.7%, pulled down by a 2% drop in SABIC Industries (<2010.SE>) shares after the company reported a lower quarterly profit. The petrochemical maker posted a quarterly net profit after zakat and tax payments of 1.84 billion riyals ($489.62 million), down from 5.6 billion riyals year ago. Another petrochemical maker Nama Chemicals (<2210.SE>) posted a quarterly loss of 5.4 million riyals compared to a profit of 4.9 million riyals year ago. Earlier, the company recorded 669.20 million Egyptian pounds ($28.12 million) during the first-quarter of fiscal year, an yearly increase of 98.97% from 336.33 million Egyptian pounds.
Factbox: World leaders to attend Queen Elizabeth's funeral
  + stars: | 2022-09-12 | by ( ) www.reuters.com   time to read: +6 min
Canadian Prime minister Justin Trudeau and Sophie Gregoire Trudeau attend the funeral of Her Majesty Queen Elizabeth II in Westminster Abbey. Jack Hill/Pool via REUTERSRegister now for FREE unlimited access to Reuters.com RegisterLONDON, Sept 19 (Reuters) - Queen Elizabeth's state funeral will take place in London on Monday and a host of world leaders, royalty and other dignitaries will attend. Countries that have not been invited include Syria and Venezuela because London does not have normal diplomatic relations with those states. Britain has also not invited representatives from Russia, Belarus or Myanmar after it imposed economic sanctions on those countries. Related ContentFactbox: Plans for Queen Elizabeth's state funeral on MondayFactbox: Comments from crowds in London on Queen ElizabethFactbox: World leaders to attend Queen Elizabeth's funeralFactbox: Order of service for Queen Elizabeth's state funeralWindsor Castle, Queen Elizabeth's home and now final resting placeWestminster Abbey - traditional church for royals in life and death(This story was refiled to correct spelling of first name of Belize governor general)Register now for FREE unlimited access to Reuters.com RegisterCompiled by Farouq Suleiman and Kate Holton Editing by Deepa Babington and Frances KerryOur Standards: The Thomson Reuters Trust Principles.
Decizia a fost luată în urma unei reuniuni la care au participat premierul egiptean Mostafa Madbouly şi preşedintele Federaţiei internaţionale de handbal (IHF), egipteanul Hassan Moustafa. Egiptul va găzdui pentru a doua oară Campionatul Mondial de handbal, după ediţia din 1999, şi acesta se va derula în contextul pandemiei de coronavirus, cele 32 de echipe participante fiind concentrate într-o bulă sanitară strictă. Este prima ediţie a unui Mondial la care participă 32 de echipe, repartizate în opt grupe de câte patru echipe. Competiţia, programată între 13 ianuarie şi 31 ianuarie, se va disputa în patru săli din Cairo, Noul Cairo, oraşul 6 Octombrie şi Alexandria. Meciul de deschidere, dintre Egipt şi Chile, este prevăzut miercuri la Cairo Stadium Hall, care va găzdui şi finala din 31 ianuarie.
Persons: egipteanul Hassan, Alexandria . Organizations: Cairo Stadium Hall Locations: Cairo, Noul Cairo, Octombrie, Alexandria, Egipt, Chile, Danemarca
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