
IOM, Egypt, Japan Join Forces to Support Infrastructure of Southern Egyptian Border Crossing Points
Ahmed Emam
On Wednesday, the International Organization for Migration (IOM) in Egypt handed over an electricity generator and 12 air conditioners (ACs) to the General Authority for Land and Dry Ports of the Egyptian Ministry of Transport to support operations at Egypt's Southern Border Crossing Points (BCPs) with Sudan.
This initiative is part of the ongoing strategic collaboration between IOM and the Government of Egypt, to facilitate dignified cross-border movements of individuals while ensuring a decent working environment for Egyptian officials, with thanks to the generous funding of the Government of Japan.
Since 2023, Egypt has become a key destination for migrants seeking refuge and stability within the MENA region, particularly those fleeing from conflict in Sudan. As movement through Egypt's southern border crossings with Sudan continues, strengthening border infrastructure remains essential; equipment is critical to ensuring support for vulnerable populations on the move.
'We are delighted to begin this vital partnership with the Ministry of Transport and eager to deepen and further expand it. This initiative complements other joint efforts between IOM and the Government of Egypt, whose commendable efforts in hosting migrants for decades contributes to safe and orderly migration.' said Mr. Carlos Oliver Cruz, Chief of Mission of IOM Egypt.
'I would also like to express IOM's gratitude to the Government of Japan, whose generous support has allowed us to implement several crucial projects spanning different areas of migration governance, in close coordination with our Egyptian counterparts.'
The electricity generator will serve as a reliable power source to sustain efficient cross-border operations the Egyptian Southern Border Crossing Points (BCP) with Sudan, while the ACs will help maintain a safe, hygienic, and decent environment for vulnerable migrants crossing the border as well as appropriate working conditions for the Egyptian officials at Egypt's Southern BCPs.
Provision of these items aligns with objectives of the Global Compact for Safe, Orderly, and Regular Migration (GCM), of which Egypt is a Champion Country. It particularly contributes to objective 11 "Manage borders in an integrated, secure and coordinated manner." It adds to a growing list of commendable actions taken by the Government of Egypt to support migrants and address migration-related challenges in line with the commitment of Egypt to the international law and relevant standards.
read more
Gold prices rise, 21 Karat at EGP 3685
NATO's Role in Israeli-Palestinian Conflict
US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria
Shoukry Meets Director-General of FAO
Lavrov: confrontation bet. nuclear powers must be avoided
News
Iran Summons French Ambassador over Foreign Minister Remarks
News
Aboul Gheit Condemns Israeli Escalation in West Bank
News
Greek PM: Athens Plays Key Role in Improving Energy Security in Region
News
One Person Injured in Explosion at Ukrainian Embassy in Madrid
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Arts & Culture
Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
News
Flights suspended at Port Sudan Airport after Drone Attacks
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
News
Shell Unveils Cost-Cutting, LNG Growth Plan
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
23 minutes ago
- See - Sada Elbalad
North Korea Inaugurates Wonsan Kalma Coastal Resort with National Ceremony
H-Tayea The Democratic People's Republic of Korea (DPRK) inaugurated the Wonsan Kalma Coastal Tourist Area on June 24 with a large-scale ceremony attended by top government and Party officials, including DPRK leader Kim Jong Un. Located on the scenic Kalma Peninsula along North Korea's east coast, the resort features hundreds of newly constructed buildings designed to host up to 20,000 guests. The development includes multiple hotels, a water park, cultural and entertainment venues, and a four-kilometer stretch of beachfront, reflecting the regime's push to boost tourism and present a modernized image. In his inaugural speech, DPRK Premier Pak Thae Song praised the project as a 'monument to the people-first ideology' of the Workers' Party of Korea (WPK) and a symbol of the country's "creative and vigorous executive abilities." He credited Kim Jong Un's vision and direct oversight for the resort's completion, highlighting its significance in the Party's broader policy of cultural and economic revitalization. Kim Jong Un cut the ceremonial ribbon and toured the new facilities, expressing satisfaction at the realization of a long-cherished project aimed at providing leisure and comfort to the North Korean people. He described the resort as a model for future tourism development and emphasized the importance of delivering a high-quality experience to both domestic and, potentially, foreign visitors. Set to open to North Korean tourists on July 1, the Wonsan Kalma resort is positioned as a flagship development in the country's bid to strengthen its tourism sector, with further projects to be announced at the upcoming Ninth Congress of the WPK. Foreign dignitaries, including the Russian ambassador and embassy staff, were in attendance at the event, which concluded with a fireworks display and artistic performances celebrating the opening of what officials described as a 'world-class coastal resort.' read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean


See - Sada Elbalad
23 minutes ago
- See - Sada Elbalad
Gold Prices Steady Locally and Globally Amid Fed Rate Cut Uncertainty and Washington Tensions
Waleed Farouk Gold prices in the local market remained stable during Thursday's trading session, coinciding with a slight uptick in global spot prices. The stability comes as the U.S. dollar index and Treasury yields weakened, amid growing divergence between Federal Reserve Chair Jerome Powell and former President Donald Trump over the timing of interest rate cuts. According to data from the 'iSagha' gold trading platform, the price of 21-karat gold held steady at EGP 4,705 per gram, while the global spot price of gold rose by just $1, reaching $3,332 per ounce. Other domestic price levels included: 24-karat gold: EGP 5,377 per gram 18-karat gold: EGP 4,033 per gram 14-karat gold: EGP 3,137 per gram Gold sovereign: EGP 37,640 Gold had seen a minor increase of EGP 5 on Wednesday, with the 21-karat gram starting at EGP 4,700 and closing at EGP 4,705. Globally, gold gained $14 during that session, rising from $3,317 to $3,331 per ounce. Despite investor interest shifting towards equities, gold prices have remained relatively steady both locally and internationally. This is largely attributed to weakening confidence in the U.S. dollar, driven by mixed and often conflicting signals from U.S. monetary policy. Markets are currently focused on when and how quickly the Federal Reserve may begin cutting interest rates, bringing economic data back into the spotlight as a major influence on monetary policy decisions. On Wednesday, Fed Chair Jerome Powell concluded his semi-annual testimony before Congress, where he was grilled over the central bank's monetary policy report. While several global central banks have already begun easing rates in response to cooling inflation, the Federal Reserve has maintained its benchmark interest rate in the range of 4.25%–4.50% throughout this year. With inflation now approaching the Fed's 2% target, debate has intensified over the timing of the next rate cut. Recent U.S. economic data, including the Consumer Confidence Index released on Tuesday and New Home Sales data released on Wednesday, point to increasing economic strain. However, Powell remains concerned about the inflationary risks of tariffs, which he believes may take time to fully materialize. Durable Goods Orders Jump More Than Expected On Thursday, the U.S. Census Bureau reported that durable goods orders rose by 16.4% in May, equivalent to $48.3 billion, bringing the total to $343.6 billion. This followed a revised 6.6% decline in April, and far exceeded market expectations of an 8.5% increase. The report added: 'Excluding transportation, new orders rose 0.5%. Excluding defense, orders rose 15.5%.' The increase was led by transportation equipment, which rose for the fifth time in six months, surging by 48.3% to $145.4 billion. The U.S. Department of Labor also reported a drop in initial jobless claims, which fell to 236,000 for the week ending June 21, down from a revised 246,000 the previous week. However, continuing claims rose by 37,000, reaching 1.974 million for the week ending June 14. The insured unemployment rate remained unchanged at 1.3%, and the four-week moving average dropped by 750 to 245,000. Trump vs. Powell Former President Donald Trump addressed the media Wednesday at the NATO Summit, touching on several issues, including the state of the U.S. economy. He once again criticized Fed Chair Powell for being 'too slow to cut interest rates,' stating: 'Fortunately, he'll be gone. I think he's been very bad.' Geopolitical Calm Reduces Demand for Safe-Haven Assets Geopolitical risk has also subsided for now, as the ceasefire between Israel and Iran continues for a third consecutive day. While the situation remains fragile, the absence of further escalation has led to weaker safe-haven demand for gold and precious metals. Consequently, market attention has shifted back to macroeconomic indicators and monetary policy, which are likely to drive the next phase of movement in gold prices. A key data point to watch is Friday's release of the U.S. Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation gauge. Any soft reading could revive expectations of near-term rate cuts — and give gold a strong bullish impulse. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean


Al-Ahram Weekly
3 hours ago
- Al-Ahram Weekly
Fertiliser manufacturers stay positive - Economy - Al-Ahram Weekly
Fertiliser companies are considering the use of oxygen in combustion processes to reduce gas consumption, in addition to increasing reliance on carbon dioxide recovery for use in ammonia production, Khaled Abul-Makarem, chairman of the Chemicals and Fertilisers Export Council (CEC), told Al-Ahram Weekly. The move follows the Ministry of Petroleum's announcement that it is activating its emergency supply plan after the suspension of gas imports from the east of the Mediterranean. Natural gas is a raw material in the production of nitrogen fertilisers, accounting for more than 70 per cent of inputs, according to Abul-Makarem. Egypt imports around 800 million to one billion cubic feet of gas daily from Israel's Tamar and Leviathan fields under a 15-year agreement to help cover its gas deficit of 3.5 billion cubic feet. The two Israeli fields suspended production for a few hours after the beginning of the reciprocal attacks between Iran and Israel. Egypt's fertiliser factories are currently operating at partial capacity depending on the amount of gas available to each plant and leading them to schedule production more carefully and minimise waste, Abul-Makarem explained. There is ongoing communication with the Ministry of Petroleum to ensure the delivery of the minimum supply required for production, he added. On Saturday, Prime Minister Mustafa Madbouli said that this year Egypt will host three floating storage regasification units (FSRUs) for liquefied natural gas (LNG). He emphasised that this is not a result of the recent Iranian-Israeli conflict but rather the outcome of efforts that began more than six months ago, according to a cabinet statement. Following last summer's supply crisis, promises were made to develop a comprehensive five-year solution. In June 2024, the country's fertiliser factories faced gas shortages that led companies like Abu Qir Fertilisers to shut down its three plants due to shortages in the natural gas supply. Madbouli confirmed that by July this year Egypt will have three LNG regasification vessels injecting gas into the national grid to meet the country's needs and not only to handle high summer consumption but also to support industrial demand. He added that LNG regasification is a transitional solution. As Egyptian gas production stabilises and increases, the government plans to gradually phase out dependence on regasification vessels, he said. The government had responded to the recent crisis more effectively due to lessons learned over previous months, Abul-Makarem said. Local consumption of fertilisers ranges between five to six million tons annually, he added. Domestic factories meet most of the local demand, especially for nitrogen fertilisers, and there is only minimal reliance on importing certain compound and potash fertilisers that are not produced locally, he added. About 35 per cent of fertiliser production is consumed domestically and the rest is exported, Abul-Makarem said. France, Italy, and Spain are among the main European importers of Egyptian fertilisers. In Africa, the key markets include Kenya, Sudan, and Ethiopia. In Asia, Egypt exports to India, Bangladesh, and Turkey, while Brazil and Mexico are the primary markets in Latin America. If fertiliser prices rise in the local market, this will increase the cost of food production, in addition to directly affecting agricultural and food industries tied to crop production, Abul-Makarem warned. He added that rising prices will also increase the pressure on the government to subsidise fertiliser prices or reallocate export priorities to serve the local market. He said that the current gas crisis has opened the door to a black market for fertilisers, with some traders exploiting the situation by stockpiling them and inflating prices. However, the government is working to counter these illegal practices, he added. He explained that exporters are now negotiating with clients to reschedule delivery dates and reprioritise production for stable, long-term markets, while also negotiating with shipping and insurance companies to reduce the impact of rising costs. He added that if gas supplies return to normal, the factories will work to compensate for the recent shortages by aiming to match or exceed last year's export revenues, which reached about $3 billion. Sherif Al-Gabali, chairman of the Chamber of Chemical Industries at the Federation of Egyptian Industries, told the Weekly that factories will benefit from the current halt by conducting maintenance on their production lines. He explained that the crisis mainly affects nitrogen fertiliser production, which is produced by around six factories. Al-Gabali anticipates that natural gas levels will return to normal next month, which will restore production to its normal levels and positively impact the Egyptian economy. * A version of this article appears in print in the 26 June, 2025 edition of Al-Ahram Weekly Follow us on: Facebook Instagram Whatsapp Short link: