Latest news with #TaarekRefaat
See - Sada Elbalad
a day ago
- Politics
- See - Sada Elbalad
Palestine Calls for Effective Int'l Mechanisms to Stop Israeli Annexation Plans
Taarek Refaat The Palestinian Ministry of Foreign Affairs and Expatriates said on Friday that settlement expansion and incursions into the West Bank by Israeli occupation leaders require effective international mechanisms to halt annexation plans. In a statement reported by the Palestinian News Agency (WAFA), the Palestinian Ministry of Foreign Affairs stressed that the incursions into the occupied West Bank by ministers of the occupation government, the settlers' encroachment on its land, streets, and citizens' property, and the boasting about building 22 new settlements constitute an Israeli attempt to destroy the two-state solution and a blatant disregard for United Nations resolutions and international law, as well as for the international consensus rejecting settlements, which violate international law and directly threaten the establishment of a Palestinian state. The Ministry called for effective international mechanisms to halt annexation and expansion plans, stressing that the recognition of the State of Palestine by European countries, the success of the UN conference and its practical outcomes, and support for the State of Palestine's attainment of full membership in the United Nations contribute significantly to strengthening and protecting the two-state solution. 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 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
See - Sada Elbalad
a day ago
- Business
- See - Sada Elbalad
Uzbek Gov't Delegation Tours Agricultural Projects, Research Centers in Egypt
Taarek Refaat An Uzbek government delegation headed by the Director of the Cabinet Secretariat for Investment, Export, Trade, Agriculture and Water Resources visited several agricultural projects and research centers during a four-day visit to Egypt. The Uzbek delegation began its field trip with a visit to the Agricultural Research Center, where they were briefed on the center's research activities and its efforts to achieve food security and improve crop productivity. They also visited the Excellence and Innovation Exhibition. The Uzbek delegation also visited the Desert Research Center, where they learned about the center's efforts to address the challenges of desertification and climate change. The Uzbek group expressed their great admiration for Egypt's experience in establishing integrated agricultural communities aimed at achieving social stability and sustainable development, commending the role of the Desert Research Center in providing pioneering models and practical solutions to environmental and agricultural challenges in desert regions. They also inspected the "Future of Egypt" sustainable agriculture project, the first project aimed at achieving self-sufficiency and exporting surpluses. The targeted area for reclamation is 1.5 million feddans, out of the total area of the New Delta project, which amounts to 2.2 million feddans. They affirmed Uzbekistan's keenness to exchange successful experiences with Egypt in land reclamation, natural resource management, and modern agriculture, especially in light of the environmental and climate challenges facing both countries. 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
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
Syria to Develop New Currency, Says Minister
Taarek Refaat Syrian Economy Minister Mohammad Nidal al-Shaar revealed that the new government is currently working on developing a new currency, which is planned to replace the old currency depicting former Syrian President Bashar al-Assad. He explained that the new Syrian government will not make any hasty decisions in this regard, and that the issue is being dealt with calmly and patiently. He pointed out that liquidity is the main challenge facing the Syrian economy. The new Syrian government seeks to solve the liquidity crisis by printing the new Syrian currency. It intends to partner with companies in the UAE and Germany instead of Russia. Even after Bashar al-Assad fled, the new Syrian government maintained relations with Russia and received several shipments of banknotes in recent months along with fuel and wheat shipments. The new government is in advanced talks regarding a deal to print the new Syrian currency with the Emirati company "Ammalat Security Printing", which the Governor of the Central Bank of Syria and the Minister of Finance recently visited. It is also in talks with the German companies "Bundesdruckerei" and "Giesecke Plus Devrient" to print the new Syrian currency. The Shape of the New Syrian Currency According to Syrian sources, the shape of the new Syrian currency will include a redesign to remove the image of former Syrian President Bashar al-Assad from one of the purple Syrian pound denominations still in circulation. The government will print large quantities of the new Syrian currency to solve the country's liquidity crisis and pay employee salaries. 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
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
US Economy Revised Down to 0.2% Contraction in Q1
Taarek Refaat The United States raised its estimates for the economy's performance in the first quarter of this year in the second reading, but it remains contracting. According to official data released, Thursday, the US gross domestic product (GDP) declined by about 0.2% in the first quarter of 2025, higher than the initial reading, which indicated a contraction of 0.3%. Meanwhile, consumer spending slowed during the period but remained in positive territory, with personal consumption expenditures (PCE) rising by 1.2%, the slowest quarterly growth rate since the second quarter of 2023, compared to a 4% increase in the previous quarter. Conversely, private domestic investment jumped by about 24.4%, compared to a 5.6% decline in the fourth quarter of 2024. Government consumption expenditures and total investment declined by about 0.7%, after a 3.1% increase in the fourth quarter of last year. The data indicated that the personal consumption expenditures price index grew by 3.6%, the same as the first reading, while the index excluding food and energy grew by 3.5%, about 0.1% higher than the first reading. 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
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
NVIDIA Shares Jump about 6% after better-than-expected Quarterly Earnings
Taarek Refaat NVIDIA shares jumped about 6% after the company reported better-than-expected quarterly earnings, boosted by a 73% year-over-year increase in data center revenue. "NVIDIA's results on Wednesday are pivotal not just for NVIDIA, but for the broader market, as they can reignite investor optimism and shift attention away from political headlines to the power of artificial intelligence," said James Demert, chief investment officer at Main Street Research. Despite Wednesday's weak market performance, major US indices are on track to end the week—and month—with strong gains. The S&P 500 is up 2.2% since the start of the week, the Dow is up 1.3%, and the Nasdaq is up 3%. The tech sector is up more than 10% in May, driven by AI announcements from major companies like Alphabet. During May, the S&P 500 rose 6%, the Dow Jones rose 3.6%, and the Nasdaq jumped 11%. These gains come after President Trump on Sunday backed down from his threat to impose 50% tariffs on the EU on June 1, postponing the implementation until July 9. Although markets welcomed the news, criticism of the tariffs' impact on markets continues, according to a report published by CNBC. US stock indices posted significant gains on Thursday after a federal court ruled to invalidate the "reciprocal" tariffs imposed by US President Donald Trump. Nvidia's strong quarterly results also pushed technology stocks higher, boosting market performance. The S&P 500 rose 0.8%, while the Nasdaq Composite jumped 1.5%, returning to positive territory for the year to date. The Dow Jones Industrial Average rose 46 points, or 0.1%. This rise came after the U.S. Court of International Trade ruled Wednesday evening that President Trump exceeded his authority by imposing tariffs under the name "reciprocal duties," and ordered the reversal of those decisions. 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
