Latest news with #Ghoneim
Newsweek
28-05-2025
- Business
- Newsweek
U.S. Ally Looks to Buy Chinese J-35 Stealth Jets
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Egypt, traditionally a U.S. ally, could be seeking to acquire Chinese J-35 fighter jets, according to aviation and defense outlets. Newsweek has contacted the Egyptian Foreign Ministry and China's State Council Information Office (SCIO) for comment. Why It Matters The J-35 fighter jet, modeled after the American F-35, is gaining more appeal as China, competing with the U.S., seeks to expand its influence in South Asia, the Middle East and the broader Arab region. A Chinese-made Shenyang J-35A fighter jet flies during the 15th China International Aviation and Aerospace Exhibition in Zhuhai on November 15, 2024. A Chinese-made Shenyang J-35A fighter jet flies during the 15th China International Aviation and Aerospace Exhibition in Zhuhai on November 15, 2024. HECTOR RETAMAL/AFP/Getty Images What To Know Egyptian Air Force Commander Lt. Gen. Mahmoud Abdel Gawad has reportedly shown interest in China's J-35 stealth fighter, according to the Belgian-based Army Recognition Group, which specializes in military analysis. Reports have not been confirmed by the Egyptian or Chinese authorities. Retired Egyptian Army Major General Sayed Ghoneim, Chairman of the Abu Dhabi-based Institute for Global Security and Defense Affairs (IGSDA), was seen inspecting a model of a J-35 during an event earlier this month marking 45 years of military ties with China. 📸 Chinese delegation in Cairo promoting 5th generation J-35 fighter jet to the Egyptian Air Force. J-10C also visible at the back. — Clash Report (@clashreport) May 11, 2025 According to Ghoneim, Egypt may be pushing against the United States, which has hindered the upgrade and upkeep of Egypt's fighter jet fleet. "This move could also be aimed at pressuring the U.S. to be more flexible with Egypt's requests for advanced fighter jets—especially given Washington's disregard for Egypt's security concerns during Israel's recent war on Gaza, and its insistence that its weapons not be used by any country against U.S. allies," Ghoneim told Newsweek. Egypt's push to modernize its aging F-16 fleet is constrained by financial hurdles and further complicated by restrictive terms attached to Western weapon systems. Pakistan, which faces similar restrictions on its F-16 fleet, and has turned to China, its close partner to counter Indian threats. In recent clashes, it reportedly deployed Chinese J-10C jets against Indian aircraft. J-10s were also recently deployed during China-Egypt's first joint air force exercise. What People Are Saying Retired Egyptian army officer Sayed Ghoneim said of possible moves to acquire J-35s: "This could reduce the share of American weaponry in the Egyptian military—a shift that might ripple across other markets in the region and beyond, as Egypt is considered a key reference point for countries assessing the quality of global weapons systems. This was evident with Egypt's acquisition of the French Rafale, and especially in light of its openness to importing arms from other countries such as South Korea and Germany, as well as purchasing components from various other sources." Army Recognition Group said: "Still, a key question remains: Would China be willing to export such a sensitive asset as the J-35 to a country like Egypt? While the aircraft is officially intended for foreign markets, delivering a fifth-generation stealth fighter to a military historically aligned with the U.S. would mark a significant strategic shift. For Beijing, it could represent a way to break into a region traditionally dominated by Western influence. However, it also entails political and technological risks, especially given Egypt's interoperability with NATO systems." What Happens Next According to state media, Egypt's prime minister said China's President Xi Jinping is expected to visit his country, describing this as "a turning point" for stronger cooperation amid global and regional instability—though no dates were officially announced.
Arab News
29-04-2025
- Business
- Arab News
Grand Egyptian Museum CEO thanks Japan for its cooperation
TOKYO: Dr. Ahmed Ghoneim, CEO of the Grand Egyptian Museum in Cairo, paid a courtesy call on Parliamentary Vice-Minister for Foreign Affairs Matsumoto Hisashi on Friday to thank the Japanese government for its cooperation in financing the museum and to look forward to its opening in July, Japan's Foreign Ministry reported. Japan is providing financial cooperation in the form of yen loans totaling 84.247 billion yen ($585 million) for the construction of the museum, as well as technical cooperation aimed at preserving and restoring artifacts at the adjacent conservation and restoration center. Cultural assets such as Tutankhamun's golden mask are scheduled to be transferred to and exhibited at the museum, and it is expected that the museum will contribute to strengthening the preservation, restoration and research of Egypt's historical and cultural heritage, as well as promoting tourism. Matsumoto welcomed Ghoneim and looked forward to the upcoming opening of the museum, which is seen as a symbol of development cooperation between Japan and Egypt. Director Ghoneim expressed his gratitude for the cooperation that the Japanese government has extended and also hoped that high-level Japanese officials would be able to attend the official opening ceremony in July. The Grand Egyptian Museum is set to be the world's largest museum and is located in the Giza region near the three Great Pyramids.
Daily Tribune
01-03-2025
- Business
- Daily Tribune
Court Rules No Proof Against Worker in Employment Case
A court has acquitted an office worker accused of unlawfully employing a foreigner, ruling that there was no concrete evidence linking him to the hiring process. The Lower Criminal Court found the case lacked proof that he had any authority over staff employment. Lawyer Yousef Ghoneim stated that his client was charged with using a worker outside the terms of his work permit in 2024, in violation of Labour Market Regulation Law No. 19 of 2006, as amended by Law No. 40 of 2014. A BD 1,000 penalty order was issued against him, but he contested the ruling. The charge stemmed from a Labour Market Regulatory Authority (LMRA) inspection, where an official saw the worker using a computer at a desk. Though his permit was valid for the same company, his job title did not match LMRA records, leading to the alleged breach. During hearings, the defence argued that the penalty was wrongly imposed, as the defendant had no role in hiring or assigning duties. Ghoneim emphasized that his client was neither an owner, a partner, nor authorized to sign on behalf of the firm, but merely an administrative employee. The defence also clarified that the worker was still on probation and had been temporarily moved from operations to accounting for assessment before a formal job title change, which had since been completed. The Lower Criminal Court overturned the penalty order, ruling it void, and fully acquitted the defendant.
See - Sada Elbalad
20-02-2025
- Business
- See - Sada Elbalad
Egypt leads Africa in fixed internet speed through digital transformation
H-Tayea Egypt has emerged as the top African country in fixed internet speed, a milestone attributed to the government's ongoing digital transformation and infrastructure development, according to Abdel Wahab Ghoneim, Vice Chairman of the Arab Federation for Digital Economy, according to Kazinform International News Agency. Ghoneim highlighted the growing impact of digitalisation on the global economy, noting that the worldwide digital economy has now reached a value of US$55 trillion. According to Elbalad TV, he emphasised that Egypt's rapid digital expansion has significantly improved internet connectivity, solidifying its position as a leader in Africa. He also pointed out that Egypt is witnessing continuous growth in outsourcing and digital service exports, having attracted around 55 digital service companies. This expansion aligns with global trends influenced by the Fourth Industrial Revolution, which is reshaping industries worldwide. Ghoneim further noted that Egypt is investing in human capital development, with 200,000 young professionals trained in artificial intelligence and digital technologies. He stressed that the country remains committed to equipping its workforce with the necessary skills to accelerate digital transformation and enhance economic competitiveness.
Economic Key
17-02-2025
- Business
- Economic Key
Namaa EXP Introduces M STREET brand for the first time in Egypt and the Arab World
Namaa EXP for Mall Management has announced the launch of its new brand, M STREET, aimed at delivering a unique shopping and entertainment experience by attracting top local and international brands under the concept of shopping indulgence. The brand will make its debut with the M STREET Heliopolis project. Karim Ghoneim CEO of Namaa EXP said that Namaa EXP is responsible for managment & leasing process for retail spaces at M Street Heliopolis, the premium commercial section of Valore El-Thawraa project. With a substantial investment of EGP 4bn, it is set to become one of the leading shopping destinations in the area. The prime retail sqm features approximately 17,000 sqm of leasable area and expansive outdoor areas, stretching 450 meters along El-Thawra Street—one of the most vibrant streets in Heliopolis, he added. Ghoneim pointed out that 'M Street' specializes in creating an attractive environment for top brands, facilitating their presence in malls. This marks the beginning of a series of commercial projects under the M STREET brand, set to launch in various developments both within Egypt and internationally. He disclosed that the company aims to offer a unique and fully integrated shopping and entertainment experience across Egypt and the Arab world. He further explained that the launch of M STREET aligns with Namaa EXP's strategy to develop and manage premium commercial destinations that combine modern shopping concepts with contemporary entertainment elements. This approach caters to both visitors and investors, with M Heliopolis being the first step in this ambitious plan. تم نسخ الرابط
