Latest news with #القاهرة
News24
07-07-2025
- General
- News24
Major fire engulfs Cairo telecom hub, crippling phone and internet services across capital
A major fire erupted at a key telecommunications hub in the Egyptian capital on Monday, the Cairo governorate said in a statement, causing significant phone and internet disruption. The health ministry said in a statement that 14 people had been injured in the fire. The blaze began on the seventh floor of the historic telephone exchange in downtown Cairo, while an AFP journalist saw thick black smoke billowing from the area. Videos shared widely on social media showed smoke pouring from the upper floors of the building, visible from several kilometres away. Fire crews were dispatched to the scene, and no injuries have been reported so far. A major fire has been contained in Ramses Central, a Telecom Egypt premises, causing a disruption in internet and telecommunication services in Cairo and Giza. #Egypt #News #Breaking | #مصر #عاجل #رمسيس #سنترال_رمسيس — Egypt Today Magazine (@EgyptTodayMag) July 7, 2025 According to Deputy Governor Ibrahim Saber, the fire caused power outages in the area. State-run newspaper Al-Ahram reported the fire caused significant disruptions to phone and internet services across the capital. The Ramses exchange, a vital telecommunications hub, plays a central role in Egypt's internet and telephone infrastructure.
Zawya
07-07-2025
- Business
- Zawya
Egypt rolls out broader personal accident insurance policy for citizens abroad
Arab Finance: The Ministry of Foreign Affairs and Immigration, in cooperation with the Financial Regulatory Authority (FRA), has developed a more comprehensive personal accident insurance policy for Egyptians abroad and their families, according to a statement. This falls within President Abdel Fattah El-Sisi's directives to provide comprehensive care to Egyptians abroad. The compensation value in cases of death or total disability has been increased to EGP 250,000 from EGP 100,000, effective this July. On his part, Minister of Foreign Affairs and Immigration Badr Abdelatty stated that this move reflects the state's commitment to protecting Egyptians abroad as well as their families. The decision also provides a secure insurance umbrella that strengthens their connection to their homeland, Abdelatty added. He noted that the ministry will coordinate with the FRA to develop further mechanisms to protect the Egyptians' rights. Mohamed Farid, Chairman of the FRA, said the policy represents a successful model of institutional cooperation, emphasizing the expansion of coverage to include all Egyptians working abroad and their families, not just those with work permits. Hence, it promotes insurance fairness and financial inclusion. Egyptians abroad and their families can subscribe through the Egyptian Pool for Travel Insurance's website, app, or WhatsApp. Coverage includes natural or accidental death, as well as total disability. It also covers the cost of transporting the body or its equivalent in the event of burial abroad, up to a maximum of EGP 250,000. The insured must be at least 18 years old and no older than 70 at the time of the accident. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Al Bawaba
19-06-2025
- Politics
- Al Bawaba
Egyptian restaurant angers Israelis with 'Rocket Koshary' dish
ALBAWABA - A photo posted by the famous Egyptian restaurant "Abu Tarek Koshary" on Facebook has rapidly become virally shared. The photo depicts a rocket-shaped plate of koshary, designed using an artificial intelligence (AI) program, and published under the title "Coming Soon to Markets." It caused a huge buzz among social media users. The 'Rocket Koshary' dish has not only become a trend among Arabs online, but many Israelis reacted with anger over the dish. Roi Kais, an Israeli journalist specializing in Arab affairs and an analyst for the Hebrew Channel 11 TV, commented on his official X account earlier, "It seems that Abu Tariq Restaurant, which serves Cairo's beloved koshary, has entered the midst of the war between Israel and Iran." It is worth noting that Koshary Abu Tarek's Facebook page deleted the image of the 'Rocket Koshary'; however, it is still gaining widespread interaction. A number of politicians and Israelis also commented on journalist Roi Kais's X post, and a former Israeli ambassador to Egypt wrote that the Egyptian restaurant is popular and beloved by Egyptians. يتضح أنه بعد التغريدة، قامت صفحة كشري "أبو طارق" في القاهرة على فيسبوك بحذف المنشور الذي كان يروّج لطبق جديد على شكل "صاروخ".وسائل إعلام مصرية ذكرت أن القرار جاء بعد تقارير عن "غضب في إسرائيل" نعم، الأمر حقيقي بالفعل!@kaisos1987
Al Bawaba
19-05-2025
- Science
- Al Bawaba
Egyptian researchers reveal the first day of Eid al-Adha
Published May 19th, 2025 - 08:41 GMT ALBAWABA - As millions of muslims across the globe await the arrival of Eid al-Adha, an Egyptian astronomical research institute revealed that the crescent moon of the month of Dhu al-Hijjah 1446 AH will be sighted on the dawn of Tuesday, May 27. The research institute adds that the moon will be visible in Cairo's skies for a total of 47 minutes after sunset. On the contrary, the moon will be visible in Mecca for 38 minutes, which gives enough time for the researchers to study it. 🔸 مع اقتراب #عيد_الأضحى، كشفت الحسابات الفلكية أن هلال شهر #ذي_الحجة لعام 1446 هـ سيولد بعد الاقتران مباشرة فجر الثلاثاء 27 مايو، وهو يوم الرؤية. 🔸 ووفقًا للمعهد القومي للبحوث الفلكية في مصر، سيبقى الهلال في الأفق بعد غروب الشمس لمدة 47 دقيقة في القاهرة و38 دقيقة في مكة… — Erem News - إرم نيوز (@EremNews) May 18, 2025 Researchers predict that the first day of the month of Dhu al-Hijjah 1446 AH will be on Wednesday, May 28, while Arafat Day is expected to be on Tuesday, June 5. According to astronomical studies by Egyptian researchers, the first day of Eid al-Adha will reportedly be on Friday, June 6. © 2000 - 2025 Al Bawaba (
Zawya
06-05-2025
- Business
- Zawya
Tasaheel concludes Egypt's largest corporate bond issuance worth EGP2.5bln
Cairo - Tasaheel, Egypt's largest and fastest-growing lender for small businesses and entrepreneurs, and part of MNT-Halan, announced the successful conclusion of a landmark EGP 2.5 billion corporate bond issuance, the largest of its kind in the Egyptian market to date. Tasaheel's issuance, which received an investment-grade BBB+ rating from Middle East Ratings and Investor Services (MERIS), comes in two tranches: the first tranche valued at EGP 2 billion with a tenor of 12 months, and the second tranche valued at EGP 500 million with a tenor of 36 months. Mounir Nakhla, Founder and CEO of MNT-Halan, commented: "Issuing Egypt's largest corporate bond marks a major milestone for MNT-Halan. It reflects the ambition of our management team and the strength of our financial and operational performance. More importantly, it opens a strategic new funding channel that will support our next phase of growth. It has been a complex and demanding process, and we are proud to have delivered it successfully." Islam Ayyoub, Managing Director of Tasaheel, added: "This issuance supports our ability to meet growing demand for business loans and reinforces the scale and efficiency of our lending operations. It reflects confidence in our business model and our commitment to serving more small and medium-sized businesses across Egypt." CI Capital acted as the issuance manager and bookrunner, while KPMG – Hazem Hassan served as the financial auditor, and Matouk Bassiouny & Hennawy acted as the legal advisor for the transaction. About MNT-Halan MNT-Halan, Egypt and MENA's first fintech unicorn, was founded in 2018 with a mission to improve lives by revolutionizing access to financial services through technology. MNT-Halan provides business and consumer loans, prepaid cards, e-wallets, savings, and e-commerce services through the Halan app and a nationwide physical presence. Since inception, MNT-Halan has served more than 8 million customers globally by providing financial services for both individuals and businesses. MNT-Halan holds Microfinance, SME finance, Consumer Finance, and Nano Finance licenses from the Egyptian Financial Regulatory Authority (FRA), as well as the first independent Electronic Wallet license from the Central Bank of Egypt (CBE) to disburse, collect, and transfer money digitally through mobile applications. The company has received many accolades, including being named the Most Innovative Fintech Company in the Middle East and Africa by Global Finance Magazine, featured on the Financial Times' list of Africa's Fastest Growing Companies for three consecutive years, and listed in Forbes Middle East's The Middle East's Fintech 50. Its Egyptian subsidiary has also been awarded the Bronze Client Protection Certificate by MFR Global Rating Agency (under the Cerise + SPTF framework) and holds ISO/IEC 27001 certification for meeting the highest international standards in data protection, risk management, and compliance.
