Latest in Day: January 20, 2021 Highlight
Latest in Day: January 20, 2021

Biden sworn in as 46th US president, declaring ‘democracy has prevailed’
As Biden assumes power, a new chapter of Egyptian-American relations will start. Egyptian-US coordination has always been standing in all regional issues

UK aspires to be ‘Africa’s investor of choice’: Boris Johnson
UK hosts its first investment summit as independent trading nation following Brexit

EIB Group increases lending to Africa by 50% to €4.7bn
Group increases financing to €77bn to combat COVID-19, climate crisis in 2020

First Abu Dhabi Bank fully acquires Bank Audi’s Egypt operations
Transaction is expected to be completed within next few months

Egypt’s economic reforms contribute in handling COVID-19 crisis flexibly: Al-Sisi
Al-Sisi expresses Egypt’s deep appreciation for OECD’s role in formulating economic policies that contribute to achieving international development

Egypt, Qatar agree to resume diplomatic relations after 3-year rift
Egypt aims to build on this step to strengthen Arab actions, and support relations between region’s countries

Egypt’s manufacturing, extractive industries index up 0.84% in November 2020
Pharmaceutical, chemical industries index increases 7% due to higher demand for medicines, disinfectants

Egypt, Spain agree to update 2001 cooperation agreement in tourism
Spanish Prime Minister confirms his country’s willingness to strengthen cooperation with Egypt in tourism

Abu Qir Fertilizers negotiates with 11 financial institutions to get $80m-$100m fund
Company enters agreement to export urea in February at average price of $317/tonne

Egyptian economy can recover quickly from COVID-19 repercussions: Finance Minister
Standard Chartered Bank’s latest expectations consistent with pre-pandemic estimates putting Egypt among top 10 world economies in 2030, says Mohamed Maait

UK Export Finance offers £1.7bn guarantee for Egypt’s 2 monorails manufacturing
Bombardier consortium was named as preferred bidder for Egyptian monorails project at 2020 UK-Africa Investment Summit

Communications Ministry holds workshop for institutional development, digital transformation
Workshop aimed at judges working with State Lawsuits Authority

Opinion| Egypt seeks no halt to Ethiopian prosperity and development
Ethiopia may be one of the examples that require the use of Egypt’s military force to deter this system

Opinion| The illusion of American democracy
The development of the situation in the wake of the recent attack on the US Congress, the continuing violent demonstrations, the declaration of a state of emergency in Washington, D.C. until the inauguration of Joe Biden, and the deployment of security forces on the streets prove to the whole world the fragility of the democratic …

Opinion| 5 factors that form how security awareness training programmes are developing
Among the wide range of reasons that cause cybersecurity incidents, inappropriate use of IT resources by employees remains a challenge for businesses. In 2019, half (52% enterprise, 50% SMBs) of companies faced a data breach because of this, as revealed in a Kaspersky survey of IT decision makers. Quite surprisingly, companies experienced this almost as …

Anode-free zinc battery prototype produced that could someday store renewable energy
Battery showed high efficiency, retaining 62.8% of its storage capacity after 80 charging and discharging cycles

Amber-encased fossil sheds light on evolution of bioluminescent insects
Preserved in ‘life-like’ condition, Cretaceous-era beetle is fireflies’ missing fossil link

Prime Minister asserts importance of Egypt’s Green Recovery projects
EBRD is willing to support Egypt’s Green Recovery strategy, says bank President Odile Renaud-Basso

Tourism Minister attends opening of UNWTO Executive Council session in Madrid
Egypt’s Minister of Tourism and Antiquitites Khaled Al-Anani has attended the opening session for the 113th United Nations World Tourism Organization’s (UNWTO) Executive Council.