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☆ Bulldozers tear into Cairo's historic Islamic cemeteries
▼ + stars: | 2023-06-19 | by ( Hatem Maher | ) www.reuters.com time to read: +3 min

[1/5] A view shows the City of the Dead, where tombs and historic cemeteries have been demolished due to a new construction project underway on the Salah Salem road, in the capital city of Cairo, Egypt, June 13, 2023. Known as the City of the Dead, the cemeteries along the eastern edge of Historic Cairo have been a resting place for Egypt's deceased since the arrival of Islam in the seventh century A.D. Some tomb owners who want to transfer the bodies of their family members say they are given little time beforehand. But only 102 sites among more than 2.5 million tombs in the area have received this designation, conservationists say. "I imagine that in five years' time, we won't find anything except maybe 20% of the current City of the Dead," Lafi said.

Persons: Salah, Hadeer Mahmoud, Sisi, Egypt's, Hisham Kassem, Abdel Fattah al, Ahmed Urabi, Hossam Abdel Azeem, Amr ibn, Moaaz, Lafi, Patrick Werr, Aidan Lewis, Emma Rumney Organizations: REUTERS, UNESCO, Thomson Locations: Salah Salem, Cairo, Egypt, CAIRO, Historic Cairo, el

☆ Trump lacked power to declassify secret nuclear arms document, experts say
▼ + stars: | 2023-06-18 | by ( Jonathan Landay | ) www.reuters.com time to read: +5 min

[1/2] Former U.S. President Donald Trump delivers remarks following his arraignment on classified document charges, at Trump National Golf Club, in Bedminster, New Jersey, U.S., June 13, 2023. REUTERS/Amr Alfiky/File PhotoWASHINGTON, June 18 (Reuters) - Even when he was president, Donald Trump lacked the legal authority to declassify a U.S. nuclear weapons-related document that he is charged with illegally possessing, security experts said, contrary to the former U.S. president’s claim. The special status of nuclear-related information further erodes what many legal experts say is a weak defense centered around declassification. “The president is the executive branch and so he can declassify anything that is nuclear information,” he said. And it takes forever,” said Thomas Blanton, director of the National Security Archive.

Persons: Donald Trump, Amr Alfiky, Trump, ”, Steven Aftergood, David Jonas, Elizabeth Goitein, it’s, Thomas Blanton, Jonathan Landay, Don Durfee, Amy Stevens, Cynthia Osterman Organizations: U.S, Trump National Golf Club, REUTERS, WASHINGTON, Atomic Energy, Department of Energy, Department of Defense, Federation of Atomic Scientists, Prosecutors, Trump, Republican, Atomic Energy Act, DOE, Pentagon, AEA, U.S . National Nuclear Security Administration, Brennan Center for Justice, Constitution, DOD, National Security, Thomson Locations: Bedminster , New Jersey, U.S, declassify, declassification, United States, Florida

☆ Israeli army mounts rare raid into Palestinian city of Ramallah, clashes ensue
▼ + stars: | 2023-06-07 | by ( Ali Sawafta | ) www.reuters.com time to read: +2 min

[1/3] A Palestinians throws stones as the Israeli army raids Ramallah, in the Israeli-occupied West Bank, June 8, 2023. REUTERS/Mohammed TorokmanRAMALLAH, West Bank, June 8 (Reuters) - Clashes erupted after Israeli forces mounted a rare raid into the Palestinian city of Ramallah in the occupied West Bank early on Thursday, in what the military said was an operation to demolish the house of an assailant. Some Palestinian youth hurled stones at the Israeli forces, who fired live bullets, stun grenades and tear gas at the crowd, the witness said. Violence in the West Bank, among territories where Palestinians seek statehood, has risen during the past year. Israel's foreign ministry said 20 Israelis and two foreign nationals have been killed in Palestinian attacks in the same period.

Persons: Mohammed Torokman, Abdel Fattah Dola, Mahmoud Abbas's Fatah, Hady Amr, Hussein Al, Ali Sawafta, Henriette Chacar, Grant McCool Organizations: West Bank, REUTERS, Reuters, Palestinian, Thomson Locations: Ramallah, Mohammed Torokman RAMALLAH, West, Palestinian, Jerusalem, Israel, U.S

☆ Ancient tombs and large mummification workshops unearthed in Egypt
▼ + stars: | 2023-05-29 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +3 min

CNN —Egypt has announced the discovery of two of the largest workshops ever used to mummify human and animal corpses in ancient times. “Today, we announce the discovery of the two biggest mummification workshops for humans and animals at the Saqqara Necropolis. Amr Abdallah Dalsh/ReutersArchaeologists unearthed tools used by ancient Egyptians to dissect bodies to remove internal organs alongside the canopic jars used to preserve internal organs, Waziri said. ‘Beautiful tombs’Alongside the two workshops, archaeologists also came across “one of the most beautiful tombs” in the necropolis, according to Waziri. In January 2021, archaeologists uncovered a plethora of ancient treasures in Saqqara, including ancient coffins, burial sites and a funeral temple.

☆ Egypt unearths tombs and workshops where humans and sacred animals were mummified in the age of the pharaohs
▼ + stars: | 2023-05-28 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Archaeologists found ancient mummification workshops and tombs in the Saqqara necropolis. The workshops were used to embalm humans and sacred animals to prepare them for the afterlife. The tombs of two priests dating back to the 24th and 14th centuries BC were also found. Amr Nabil/AP PhotoThe excavations also uncovered the tombs of two priests dating back to the 24th and 14th centuries BC. The new discoveries were unveiled by Egypt's Ministry of Tourism and Antiquities in a high-profile press conference on Saturday.

☆ Egypt unearths mummification workshops, tombs in ancient burial ground
▼ + stars: | 2023-05-27 | by ( Hatem Maher | ) www.reuters.com time to read: +3 min

REUTERS/Amr Abdallah DalshSAQQARA, Egypt, May 27 (Reuters) - Egypt unearthed human and animal mummification workshops as well as two tombs in the ancient burial ground of Saqqara, officials said on Saturday, marking the latest in a string of discoveries that the country hopes can help revive its vital tourism industry. Mostafa Waziri, the head of Egypt's Supreme Council of Antiquities, told reporters that the two large "embalming workshops" date back to the 30th dynasty (380-343 BC) and the Ptolemaic (305-30 BC) eras. "We found embalming workshops, one for humans and one for animals. We found all the tools that they used (in mummification) in ancient times," Waziri said. Both workshops featured stone beds, clay pots, ritual vessels, natron salt, which is one of the main ingredients for mummification, and linens among other mummification instruments.

☆ The top large-cap fund manager from the past 12 months shares the simple change he made that completely turned around his performance — and 13 stocks he loves now
▼ + stars: | 2023-05-12 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

That realization led portfolio manager David Miller to launch the Catalyst Insider Buying Fund (INSIX) nearly 12 years ago. While many funds factor in insider transactions when selecting stocks, few use it as their main prerequisite when screening investments. But in the last 12 months, it's the best-performing large-cap fund on the market through April 30, according to Kiplinger. All of these companies have benefitted from insider buying to some extent, but some have been lifted even more by company buybacks. "They've just been gobbling up their own stock," Miller said of O'Reilly Automotive.

[1/6] A general view shows the opening session of the meeting of Arab foreign ministers at the Arab League Headquarters, to discuss the Sudan and Syrian situations, in Cairo, Egypt May 7, 2023. It was taken at a closed meeting of foreign ministers at the Arab League's headquarters in Cairo, said Gamal Roshdy, spokesman for the Arab League's secretary general. While Arab states including the United Arab Emirates have pushed for Syria and Assad's rehabilitation, others, including Qatar, have remained opposed to full normalisation without a political solution to the Syrian conflict. Syria's membership of the Arab League was suspended in 2011 after a crackdown on street protests against Assad that led to a devastating civil war, and many Arab states pulled their envoys out of Damascus. Recently, Arab states have been trying to reach consensus on whether to invite Assad to an Arab League summit on May 19 in Riyadh to discuss the pace of normalising ties and on what terms Syria could be allowed back.

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

[1/4] Head of the Houthi Supreme Political Council, Mahdi al-Mashat, meets with Saudi and Omani delegations at the Republican Palace in Sanaa, Yemen April 9, 2023. Another Houthi official, Abdulmalik Alejri, said on Twitter that "with determination and honest intentions remaining difficulties can be resolved". STICKING POINTSTwo Yemeni sources, also speaking on condition of anonymity, said the parties could agree on an extended truce deal as they work out remaining differences. The United Nations and the PLC are not directly part of the Saudi-Houthi talks. The PLC was created to solidify the anti-Houthi bloc but has been beset by differences among Yemeni factions.

Egypt desperately needs the proceeds from privatisation after a series of economic shocks. STAKE SALE DRIVEEgypt set a target in 2022 of raising $10 billion annually over four years through private investment in state assets. Egypt has established its own sovereign fund to bring in private investors to develop state assets, but the move appears designed to attract capital without relinquishing control, said Sayigh. "They want others to help the state with its financial burden, but it's still the state that determines priorities and investments," he said. MILITARY TAX BREAKSFuture asset sales will be complicated by an expansion under Sisi of the military's often opaque economic role, analysts say.

☆ Factbox: Iraq War: quotes from the conflict and its aftermath
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +9 min

BAGHDAD, March 15 (Reuters) - Here are some notable quotes from before, during and after the U.S.-led invasion of Iraq in March 2003 that toppled Saddam Hussein. - U.S. President George W. Bush referring to Iraq, Iran and North Korea in his State of the Union Address. - Saddam Hussein in message to U.N. General Assembly. - Saddam Hussein on first day of invasion. A lot of people put their reputations on the line and said the weapons of mass destruction is a reason to remove Saddam Hussein," - Bush.

☆ Worm Moon lights up night sky
▼ + stars: | 2023-03-08 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

The full Worm Moon rises above village Island of Sehel at the west bank of the Nile river in the southern Egyptian city of Aswan, Egypt, March 7, 2023. REUTERS/Amr Abdallah Dalsh

☆ Djokovic happy with injury recovery despite semi-final exit in Dubai
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

World number one Djokovic suffered a three-centimetre hamstring tear en route to winning the Adelaide Open before claiming his 22nd Grand Slam title at the Australian Open to go level with Rafa Nadal. The 35-year-old Serbian had a solid run at the ATP 500 event in Dubai before he lost 6-4 6-4 to Medvedev. I know that I didn't play well in some decisive moments, but it was also due to his quality of tennis," Djokovic told reporters. If that's the case, I'll take some time off, I'll prepare," he said. Reporting by Manasi Pathak in Bengaluru; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ Djokovic powers past Griekspoor into Dubai quarter-finals
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +3 min

[1/3] ATP 500 - Dubai Tennis Championships - The Dubai Duty Free Tennis Centre, Dubai, United Arab Emirates - March 1, 2023 Serbia's Novak Djokovic in action during his round of 16 match against Netherlands' Tallon Griekspoor REUTERS/Amr AlfikyMarch 1 (Reuters) - Novak Djokovic stormed into the quarter-finals of the Dubai Tennis Championships on Wednesday with a 6-2 6-3 thrashing of Tallon Griekspoor, swiftly returning to his best form at a tournament he has won five times. A day after being taken to three sets by Czech qualifier Tomas Machac, Djokovic was back to his ruthless best and blasted past a shell-shocked Griekspoor to take the first set with two breaks of serve. Griekspoor managed to win a game and world number one Djokovic dropped serve with a double fault before sealing victory in style. Yesterday, I really had to work hard to get a win," Djokovic said. I have no words to describe it," Rublev, who has saved match points en route to victory three times this season, said.

☆ Egypt reopens newly restored historic mosque
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: 1 min

CAIRO, Feb 28 (Reuters) - Egypt's historic mosque of al-Hakim bi-Amr Allah, named after the sixth Fatimid caliph and located in old Cairo, was reopened for visitors on Monday, Feb. 27 after renovations. The renovation project for Egypt's fourth oldest mosque and its second largest began in 2017 with a budget of 85 million Egyptian pounds ($2.8 million). The renovation, done in collaboration between Egypt’s antiquities authority and Bohra Shia sect, included architectural restoration as well as maintenance to protect the walls of the mosque from the effects of moisture and salts. Reporting by Amr Abdallah Dalsh, Writing by Farah Saafan, Editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Egypt unveils renovations of venerable Tahrir Square Museum
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Egyptian Minister of Tourism and Antiquities Ahmed Issa talks to the media at the Egyptian Museum during a news conference by Egypt's ministry of tourism and antiquities that unveiled a renovated wing at the museum, in Cairo, Egypt February 20, 2023. REUTERS/Amr Abdallah DalshCAIRO, Feb 21 (Reuters) - Egypt has inaugurated the first phase of renovations on the venerable Egyptian Museum in central Cairo, giving the collection a facelift after many of its objects were relocated to other museums around the country. Egypt hopes to grow its tourism industry by 25% to 30% a year, Tourism Minister Ahmed Issa said at the inauguration ceremony on Monday. The renovation, financed by the European Union and assisted by five major European museums including the Louvre and British Museum, was designed to modernise the presentation of the objects. "The Egyptian Museum continues to develop itself, allowing it to compete with the other major modern museums," Issa said.

☆ WFP boss criticises northwestern Syrian authorities for slowing quake aid
▼ + stars: | 2023-02-18 | by ( John Irish | ) www.reuters.com time to read: +2 min

[1/5] Emirates Red Crescent and Syrian Arab Red Crescent distribute boxes of humanitarian aid in response to a deadly earthquake in Jableh, Syria, February 17, 2023. REUTERS/Amr AlfikyMUNICH, Feb 18 (Reuters) - The head of the World Food Programme (WFP) on Saturday pressured authorities in northwestern Syria to stop blocking access to the area as it seeks to help hundreds of thousands of people ravaged by earthquakes. "The problems we are running into is the cross-line operations into northwest Syria where the northwestern Syrian authorities are not giving us the access we need," Beasley told Reuters. Our operation is about $50 million a month for our earthquake response alone so unless Europe wants a new wave of refugees, we need get the support we need," Beasley said. I will call them out and will not be silent about this," Beasley said, referring to the authorities in northwestern Syria.

GAZA, Feb 2 (Reuters) - Israeli aircraft struck in Gaza on Thursday in response to Palestinian rocket fire, days after the United States called for calm, but there was no immediate sign of a wider escalation in violence following days of tension. The Democratic Front for the Liberation of Palestine (DFLP) said it had fired some of the rockets in response to the air strikes and the "systematic aggression" against Palestinian prisoners in Israeli jails. In Gaza, activists rallied in support of women prisoners held by Israel after far-right National Security Minister Itamar Ben-Gvir, who oversees prisons, said he would push ahead with plans to toughen conditions for Palestinian prisoners. Ben-Gvir has vowed a crackdown on "benefits and indulgences" offered to Palestinian prisoners and ordered amenities including prisoner-operated bread ovens in some prisons to be curtailed. Cairo has also invited Hamas chief, Ismail Haniyeh, who currently resides between Qatar and Turkey, for separate talks next week, said a Palestinian official familiar with Egyptian mediation.

☆ In West Bank, Blinken presses for two-state solution
▼ + stars: | 2023-01-31 | by ( Simon Lewis | ) www.reuters.com time to read: +5 min

Summary U.S. Secretary of State in West Bank after IsraelBlinken restates U.S. support for two-state solutionViolence surges in decades-old conflictRAMALLAH, West Bank Jan 31 (Reuters) - U.S. Secretary of State Antony Blinken shuttled from Israel to the Palestinians' West Bank on Tuesday, appealing for an end to resurgent violence and reaffirming Washington's backing for a two-state solution to the decades-long conflict. He took that message into a meeting with Palestinian President Mahmoud Abbas in Ramallah, warning all parties against any action that could threaten a two-state solution, with an independent Palestinian state alongside Israel. Netanyahu has reinforced troops in the West Bank and promised measures to strengthen settlements there, but has said Israel was not looking to escalate the situation. On Tuesday, Blinken met Israeli Defence Minister Yoav Gallant and discussed cooperation to stop Iran developing a nuclear weapon as well the situation in the West Bank. Hopes of achieving a two-state solution, with a Palestinian state based largely in the West Bank, have all but disappeared since the last round of U.S.-sponsored talks stalled in 2014.

DHEISHEH, West Bank ⁠— Palestinian tradition dictates that only men transport the dead to their graves. For a few moments, she led the funerary procession for Amr, 14, who Palestinians say was killed by an Israeli bullet during a raid in the Dheisheh refugee camp. Around her, mourners packed the street inside the camp in the Israeli-occupied West Bank just south of Bethlehem. Around Khamour, posters large and small from a variety of Palestinian organizations and institutions declared Amr a martyr. In 2022, 29 people were killed by Palestinians in Israel, east Jerusalem and the West Bank, according Israel’s Ministry of Foreign Affairs.

☆ Traffic in Suez Canal normal after ship breakdown dealt with- SCA
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] An aerial view of the Gulf of Suez and the Suez Canal are pictured through the window of an airplane on a flight between Cairo and Doha, Egypt, November 27, 2021. REUTERS/Amr Abdallah DalshCAIRO, Jan 9 (Reuters) - Shipping traffic in the Suez Canal was proceeding normally on Monday after tugs towed a cargo vessel that broke down during its passage through the waterway, the Canal Authority said. The M/V Glory, which was sailing to China, suffered a technical fault when it was 38km into its passage southward through the canal, before being towed by four tugs to a repair area, the Suez Canal Authority (SCA) said in a statement. The Suez Canal is one of the world's busiest waterways and the shortest shipping route between Europe and Asia. In 2021, a huge container ship, the Ever Given, became stuck in high winds across a southern section of the canal, blocking traffic for six days before it could be dislodged.

☆ Egypt's currency weakens to 26.49 to the dollar
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] Coins of a one Egyptian pound are seen at the Mint Museum, in Cairo, Egypt January 25, 2021. REUTERS/Amr Abdallah Dalsh/File PhotoCAIRO, Jan 4 (Reuters) - The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5% on Oct. 27, according Refinitiv Data. Currency flexibility has been a key demand by the International Monetary Fund, which approved a 46-month, $3 billion financial rescue package in October. read moreThe currency has weakened from 19.7 to the dollar in March. Black market currency dealers continued to buy dollars for 29 pounds each on the black market on Wednesday, even after the devaluation.

☆ Stocks are headed for their worst year since 2008, but some names doubled or more in 2022
▼ + stars: | 2022-12-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks may be careening toward their worst year since 2008, but some names are completing a remarkable run after doubling or more in 2022. In 2022, the Dow Jones Industrial Average has lost 8.4%, while the S & P 500 shed 19.2%. These stocks are up more than 100% this year, and include tankers for petroleum products, energy companies such as coal firms, and biotech and pharmaceutical names, according to CNBC. Ardmore Shipping and Scorpio Tankers were the top tanker stocks, both up about 316% for the year. Energy companies came out on top in 2022 following a surge in oil and gas prices — which market participants say will remain elevated given expectations of tight supply ahead.

☆ Bankers not expecting quick recovery as IPO volumes plunge to lowest level since 2008
▼ + stars: | 2022-12-20 | by ( Pablo Mayo Cerqueiro | Echo Wang | ) www.reuters.com time to read: +5 min

With questions swirling around monetary policy and the prospect of a looming recession, IPO advisers are not holding their breath on a near-term recovery in the equity capital markets. Global share sales plunged this year as the IPO market froze and hundreds of companies postponed stock market debuts, as Russia's invasion of Ukraine and interest rate hikes from central banks weighed on the broader economy. “It’s all about rates - the price of money changed and it has affected everything," said James Palmer, head of EMEA equity capital markets (ECM) at Bank of America. A return by long-only investors to capital markets deals is seen as key for any recovery, after a year in which hedge funds have taken a lead role as buyers of new issuance. "When the stock market is going like this, people typically don't buy new issuance," said Joshua Bonnie, co-head of Simpson Thacher & Bartlett's global capital markets practice.

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