Luxor Governor Receives US Senator Tim Sheehy to Discuss Strengthening Cooperation
Taarek Refaat
Abdel Motaleb Amara, Governor of Luxor received Senator Tim Sheehy, a member of the US Congress, as part of his visit to Egypt and the accompanying high-level delegation.
The meeting witnessed an open dialogue between the two sides, addressing ways to strengthen bilateral relations between the two countries. The Senator began his speech by expressing his happiness at being in Luxor for the second time after 22 years.
He expressed his admiration for the positive changes taking place in the city and his amazement at ancient Egyptian civilization, emphasizing that Egypt is a country with a rich civilization dating back thousands of years.
Sheehy added that Egypt is an important and ally in the Middle East region, and that it has a promising economic future over the next five years. He expressed his hope for strengthening American partnerships in Egypt and praised the country's ongoing comprehensive development efforts, particularly in infrastructure modernization and the renewable energy sector.
On his part, the Governor of Luxor welcomed the US Senator and explained the governorate's economy, which is based on the cultural tourism sector, followed by agriculture and industry. He emphasized that tourist bookings have increased this year compared to last year, and that the booking rate for the upcoming tourist season is very promising and exceeds previous years, despite global events.
The governor added that despite the hot June weather approaching, the continued growth of tourism in Luxor has not been affected. He attributed this to the stability and security Egypt enjoys thanks to the wisdom of President Abdel Fattah El-Sisi, who assumed the presidency 10 years ago. He also praised US support for the country.
The US Ambassador to Cairo attended the inauguration of the new drinking water station in the village of El-Hanady, east of Esna, south of Luxor. This station will serve approximately 10 villages by 2024. The station was funded by the US Agency for International Development.
At the end of the meeting, the US Senator wished Egypt continued prosperity and promised to visit Luxor again with his family.
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
Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia
News
Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content
Arts & Culture
Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Sports
Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
News
Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies
Arts & Culture
New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
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
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Egypt Today
an hour ago
- Egypt Today
Madinet Masr Begins the Process of Establishing a Subsidiary in the UAE Under the Name "Cities of the World" to Support Its Regional Expansion
Madinet Masr (EGX: one of Egypt's leading real estate development companies, announced that it has begun the process of establishing a wholly owned subsidiary in the Emirate of Dubai under the name "Cities of the World." Once finalized, the new entity will be responsible for managing and overseeing all Madinet Masr's projects outside the Arab Republic of Egypt. This initiative is a key part of Madinet Masr's strategic expansion plan, which aims to strengthen the company's regional and international presence and unlock new opportunities across a range of real estate development sectors. The move reflects the company's long-term vision of developing sustainable and modern communities across the on the announcement, Eng. Abdallah Sallam, President & CEO of Madinet Masr, stated 'Initiating the process to establish 'Cities of the World' marks a significant milestone in executing our strategic goal of regional expansion. This step reflects our dedication to extending Madinet Masr's legacy beyond national borders and positioning ourselves at the forefront of regional real estate development. We are confident this direction will enable us to enter promising markets while exporting our successful development model.' Madinet Masr also announced its intention to appoint Eng. Mohamed Lashien, the company's Senior Vice President of Product Development, as Managing Director of "Cities of the World" upon the company's official establishment. This decision reflects his extensive experience in the real estate sector and his leadership of several landmark projects in Egypt. This milestone underscores Madinet Masr's ambition to grow its regional footprint while maintaining the company's core values and legacy built over more than sixty years in the Egyptian real estate market.
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
Ministerial Group for Entrepreneurship: Egyptian Startups Attract $228M in Funding from January to May 2025
Ahmed Emam The Ministerial Group for Entrepreneurship announced that Egypt's startup structure witnessed significant development in attracting venture capital investments and debt financing during the first five months of this year, reaching $228 million, based on deals monitored since the beginning of the year. A statement issued by the Ministerial Group for Entrepreneurship clarified that 16 deals were executed from January to May 2025, including 11 deals with announced investment volumes totaling $156 million. These investments represent a 130% increase compared to the investment volume during the same period last year (2024). Moreover, "Nawy" and "MNT-Halan" successfully secured debt financing of $23 million and $49 million, respectively. In this context, Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, and head of the Ministerial Group for Entrepreneurship, affirmed that these indicators reflect the continuous activity in Egypt's startup market, particularly with the measures taken by the state to improve the investment climate and business environment, making it more conducive and attractive for companies of all types. This is in addition to ongoing endeavors to implement structural reforms to ensure sustainable macroeconomic stability. Al-Mashat pointed out that startups and the investment climate, in general, receive paramount attention from the Egyptian state, led by H.E. President Abdel Fattah El-Sisi, President of the Republic of Egypt, and various relevant authorities. She highlighted that the Ministerial Group for Entrepreneurship is working on finalizing the Startup Charter, as well as funding initiatives and facilities that stimulate efforts to attract venture capital investments. Al-Mashat also reiterated that the Egyptian government has taken significant steps to empower startups and enhance their ability to attract larger investments, notably including tax incentives for companies with revenues less than EGP 20 million. Minister Al-Mashat noted that the Ministerial Group for Entrepreneurship adopts a comprehensive and integrated approach to support Egyptian youth in the field of entrepreneurship. The Ministerial Group's main objective is to strengthen the ability of startups and the entrepreneurial environment to achieve sustainable and accelerated economic growth based on competitiveness and knowledge, as part of the state's plan to put Egypt on the global map of entrepreneurship. In a related context, Egypt's startup market underwent a series of exit and acquisition deals, most notably Dubizzle's acquisition of the online car trading platform "Hatla2ee," and MaxAB-Wasoko's acquisition of "Fatora." The PropTech (property technology) sector led in terms of venture capital investment volume, accounting for 33% of total investments, while the FinTech (financial technology) sector led in the number of deals with 5 transactions, representing 32% of the total investment volume during the same period. It is worth noting that the government launched the Ministerial Group for Entrepreneurship with the aim of fostering the entrepreneurial environment and promoting startups through launching new initiatives and proposals, aiding startups, coordinating efforts among government entities, and formulating supportive policies for entrepreneurship. 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 Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple 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 News Shell Unveils Cost-Cutting, LNG Growth Plan
Egypt Independent
2 hours ago
- Egypt Independent
Marine ambulance service inauguration among PM's key activities this week
CAIRO, May 30 (MENA) – The cabinet's media center published Friday infographics on social media, highlighting the key activities of Prime Minister Mostafa Madbouly during the current week. The premier's busy agenda included meetings, visits, tours, and inaugurations of national projects. The infographics showcased the prime minister's participation in the celebration of the 123rd anniversary of the launch of ambulance service in Egypt, during which he announced the inauguration of maritime ambulance service for the first time. It was noted that there has been significant recent attention given to the ambulance system, culminating in the signing of the largest deal for ambulance vehicles with 1,000 units in a single batch. He also conducted an inspection tour to follow up on the implementation status of several housing and utilities projects in the cities of 6th of October, Sheikh Zayed, and New October and handed over housing contracts as part of the presidential initiative 'Housing for All Egyptians' in New October. The prime minister participated in the opening session of the 2025 US-Egypt Policy Leaders Forum, noting that more than 1,800 American companies operate in Egypt, with total investments exceeding $47 billion over the past two decades. Madbouly also met with the Vice President of ExxonMobil for Exploration Affairs to review the status of the 'Cairo' and 'Masry' natural gas concession areas in the Mediterranean, directing that procedures be facilitated to accelerate drilling operations. In a meeting with the Awqaf minister, several work files were reviewed. The premier directed a comprehensive, digitized inventory of the Awqaf Authority's properties. The meeting also addressed the results of the 'Return of the Kuttab' initiative, the launch of the 'Electronic Endowments Platform,' and the progress of the 'Correct Your Concepts' initiative. The prime minister also reviewed the progress of the subsidy system and its governance measures, including the issuance of a unified card to around 42,000 beneficiaries out of 171,000 subsidy cardholders in Port Said. He met with the head of the Suez Canal Economic Zone (SCZone) to review recently contracted projects. These included a $17 million investment by China's Hightex Company and a $60 million investment by China's Kinlead Innovative Materials Company, in addition to the signing of four commercial contracts to export ductile pipes for major international projects in several Arab countries, totaling $47 million. The prime minister also received a delegation from Samsung, headed by the CFO of the company's Middle East regional headquarters. It was noted that Samsung's factory in Beni Suef is its first in the Middle East and Africa, with an annual production capacity of 6 million units and $700 million in investments. He attended the 120th anniversary celebration of the founding of the Heliopolis Company for Housing and Development and inaugurated the renovation and development works at the Granada Palace. He also witnessed the signing of a partnership between the Holding Company for Pharmaceuticals and the American company 'Dawah Pharma' to manufacture and export pharmaceuticals and dietary supplements to global markets. The partnership includes plans to expand the holding company's exports and enter the US market for the first time. The infographics also included a meeting to review proposals aimed at reducing debt as a percentage of the gross domestic product. The premier emphasized continued efforts to boost the country's foreign currency reserves from various sources. Finally, the prime minister inaugurated the new headquarters of the Consumer Protection Agency in New Cairo. His activities also included an inspection tour of several ongoing projects in the Capital Gardens City. (MENA)
