Daily News Egypt Egypt’s Only Daily Independent Newspaper In English 2017-06-23T13:32:56Z https://dailynewsegypt.com/feed/atom/ Deutsche Welle <![CDATA['A horror story:' German clubs react to plan for Chinese U20 team to play in regional league]]> https://dailynewsegypt.com/?p=630012 2017-06-23T13:23:43Z 2017-06-23T12:47:00Z The post 'A horror story:' German clubs react to plan for Chinese U20 team to play in regional league appeared first on Daily News Egypt.

The chairman of FK Pirmasens has expressed anger over plans to include a Chinese under-20 national team in the south-western regional football league. Pirmasens were relegated from the league despite finishing 14th.An amateur football club relegated from the Germany's fourth-tier Regionalliga Südwest has expressed anger over a plan to include a Chinese under-20 national team in one of Germany's five regional fourth-tier divisions next season.

FK Pirmasens, an amateur club based in Rhineland-Palatinate, finished 14th in the south-western regional league, making them the last of six clubs to be relegated. Now, plans have emerged to stock up the 19-team division with a Chinese under-20 XI as part of an ongoing cooperation agreement between the German and Chinese football associations.

Speaking to DW, league chairman Felix Wiedemann said all 19 Regionalliga clubs were "excited" at the prospect of playing games against the Chinese selection but Christoph Radtke, chairman of relegated Pirmasens, sees it differently.

"Pure capitalism"

"I have no words any more, the whole club is in disbelief," he told German weekly "Die Zeit." "The phrase 'regional league' contains the word 'region.' We are a club from the south-west who are economically sound but have been relegated. Six teams have gone down and now the DFB (German football association) is bringing the Chinese national team in. We have to accept it but it is pure capitalism."

FK Pirmasens, who just missed out on promotion to the Bundesliga in 1975 and who are one of the few German teams to use the more traditional German spelling of "Fussball-Klub" instead of the usual "Fussball-Club" in their name, had appealed to the league to keep the divison at an even number by allowing them to remain.

"But instead of letting us stay in the league, they've chosen – and there's no other way of putting this – money from China," Radtke said. "It's a horror story."

Despite finishing 14th with 42 points, Pirmasens were relegated because, due to the regional leagues' controversial playoff system, league champions Elversberg were not promoted to the national third division, meaning an extra team had to go down.

"Obviously it's bitter for us," continued Radkte. "We are amateurs; our players also have jobs. Nobody here earns a living from football."

Money is tight in the fourth tier, where amateur outfits mix with professional clubs relegated from the third division, and Radkte believes the carrot of a 15,000-euro ($16.8,000) payment to Regionalliga Südwest clubs from the Chinese FA has convinced them to support the idea.

"I know all about the situations of teams in our league," he explained. "I can well imagine that 15,000 euros are a nice little bonus for the clubs. Plus more spectators and income from catering – it's worth it for the clubs."

Right from the very top

"But nevertheless, it's just not on. The Regionalliga is still the fourth-highest football league in Germany on the brink of professional football. Such decisions have absolutely no place in our sport. It's all about money. And it unfortunately it comes right from the top."

Indeed, following discussions with experts familiar with the deal, DW learned that the plan is very much in keeping with the vision of Chinese President Xi Jinping's government.

"President XI wants the Chinese domestic sporting economy to be worth 830 billion dollars by 2025," said Simon Chadwick, Professor of Sports Enterprise at the University of Salford, an expert on Chinese football business. "And football is to be the focal point."

DW has also learned that the Chinese are highly interested in football-based analytics, making Germany's south-west particularly attractive.

Criticism mounts

And contrary to league chairman Wiedemann's claim that the plan has the support of all 19 Regionalliga Südwest clubs, critcism has emerged from those still in the league. Markus Kompp, CEO of SV Waldhof Mannheim, who finished second, told DPA on Friday: "SV Waldhof Mannheim has not given its approval. As it stands, the necessary details have not been comprehensively laid out."

Criticism was also forthcoming from clubs in other regional leagues which make up the fourth tier, including former Bundesliga sides Rot-Weiss Essen and Rot-Weiss Oberhausen, who compete in the Regionalliga West.

On their Facebook page, Essen addressed an open letter to the DFB, sarcastically requesting admittance to the Bundesliga for for 2018-19 season, suggesting they too would only play friendly matches.

Ruhr neighbors Oberhausen announced some new tongue-in-cheek changes for their home matches, including replacing their traditional sausages and beer with various Chinese dishes, replacing all club mascots with dragons and requesting visitors to leave their car engines running to increase air pollution.

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Deutsche Welle <![CDATA[Berlin environment blog: removing the nettle’s sting]]> https://dailynewsegypt.com/?p=630018 2017-06-23T13:31:31Z 2017-06-23T11:26:00Z The post Berlin environment blog: removing the nettle’s sting appeared first on Daily News Egypt.

Malicious and maligned, nettles are a pain. Quite literally. But they’re also brilliantly designed and kind of tasty. Maybe it’s time to give them another chance. Maybe?Having grown up in the English countryside, stinging nettles were as much a feature in my life as the grass in which they loved to hide. They were everywhere and they acquainted themselves with my ankles, arms and legs from an early age. But I, like most children of rural British origin, was imbued with the popular wisdom that where there are nettles, there are docks – as in the plants – also known as Rumex L. And that they, being somehow magical, would be a salve to the misery of being stung.

Whether they really did or not, indeed do or not, is the subject of ongoing debate. It’s obviously an important issue of our times. I’m not going to get hung up on the science of it. Too sweet are my post-sting memories of spotting red-tinged leaves growing beside their less benign bedfellows. Too delicious, the green goodness that, if rubbed hard enough on the affected spot, left an equally green stain. And removed the pain.

If, in my blithe acceptance of the relationship between good plant-bad plant, I had ever stopped to think about whether they would be bedfellows in other parts of the world, I would likely have seen no reason for that not to be the case. Foolish me.

It came as something of a shock then, when having had my first brush with the unforgiving plants here in Berlin, to find no dock leaves in sight. Nichts. Not a one. And not for want of my looking. In the ensuing years, I relived that same painful reality time and again, until I was forced to conclude as a point of fact that Rumex L. and Urtica dioica are estranged.

More point than fact, I discovered recently on a jaunt to Brandenburg, the state that surrounds the capital. Having been stung, (and yes, it does happen to me a lot) I was as stunned as excited as delighted to see clumps of leathery docks growing within physical reach of their caustic counterparts. I helped myself. Thank you, Mother Nature.

That has all the trappings of a happy ending, but this story is actually very much in its infancy. Because that encounter with the nature of nettles made me realize how much I like their smell, how the sight of their familiar form is somehow comforting, and how, perhaps because they have been a part of my life since it began, I feel a kind of kinship with them. And I admire the brilliance of their engineering, the glass-like hairs that cover each leaf and snap off when gently touched thereby releasing the disputed stinging substance.

So I’ve decided to eat them. From now on in, it will be Urtica dioica soups, smoothies and sides. The list is as long as the plants’ stalks, which incidentally – and this is a real fact – can be made into textiles. It might be a while before I actually start wearing them, but I have started to drink them. Large pots of nettle tea. Followed by nettle and dandelion tea. But that, is a whole other tale.

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Deutsche Welle <![CDATA[Our Beautiful Planet]]> https://dailynewsegypt.com/?p=630022 2017-06-23T13:32:02Z 2017-06-23T11:09:00Z The post Our Beautiful Planet appeared first on Daily News Egypt.

This vast expanse of shimmering white may look like snow or ice. It’s actually salt – and lots of it.Bolivia’s Salar de Uyuni is 3,659 meters (12,000 feet) above sea level. The world’s largest salt flat, it’s home to 70 percent of the world’s lithium reserves, according to the country’s government.

Stretching out for more than 8,000 square kilometers (3,100 square miles), Salar was formed after several lakes that had occupied the area over 12,000 years ago, dried up. Salt deposits leached from the surrounding mountains and deposited there.

A visit to Bolivia’s salt flats usually involves snapping a picture that plays with the perspective. Think a big person in the foreground about to squish a tiny person in the background with their giant foot – or a tiny person drinking out of a huge bottle of wine. But there’s more to the place than that.

Perhaps surprisingly, this otherworldly and harsh terrain is home to some flora and fauna, such as giant cacti, the Andean fox and horned coot. In early November, Salar becomes the breeding ground for the Chilean, Andean and James’s pink flamingos. The animals derive their color from feeding on pink algae in the lakes of the salt flats.

As demand for lithium – used in pharmaceutical products, smartphone and electric car batteries – grows, some environmentalists worry the area could become a target for mining, damaging the fragile ecosystem and affecting tourism.

Do you have a picture of a beautiful landscape that you want to share with readers? If so, you can send it to us using the upload tool on our page, or by emailing us at ecoafrica@dw.com.

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Deutsche Welle <![CDATA[France to stop granting oil exploration licenses]]> https://dailynewsegypt.com/?p=630023 2017-06-23T13:32:03Z 2017-06-23T10:32:00Z The post France to stop granting oil exploration licenses appeared first on Daily News Egypt.

The French government says it is going to stop granting new licenses for oil and gas exploration in France and its overseas territories, in a bid to fulfill one of President Emmanuel Macron’s campaign pledges.France is to stop granting new licences for oil and gas exploration on the mainland and in overseas territories, Environment Minister Nicolas Hulot said Friday.

“There will be no new exploration licenses for hydrocarbons, we will pass the law this autumn,” Hulot said on French news channel BFMTV.

President Emmanuel Macron said during his election campaign in February that he was opposed to exploration for gas and shale gas in mainland France.

Read: Emmanuel Macron, Europe’s climate hero?

Macron even said he would like to see the exploitation of oil and gas halted altogether in France’s overseas territories, especially in French Guiana on the northeastern coast of South America.

But Hulot, an environmental campaigner and former TV star before he joined the cabinet last month, said it would currently be impossible to take such a move without triggering lawsuits from energy companies.

Hulot also added that diesel and petrol taxation would remain unchanged in the near future.

sri/rd (AFP, Reuters)

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Deutsche Welle <![CDATA[Curtain opens in Verona’s Arena]]> https://dailynewsegypt.com/?p=630024 2017-06-23T13:32:03Z 2017-06-23T10:26:00Z The post Curtain opens in Verona’s Arena appeared first on Daily News Egypt.

The 2017 Arena di Verona Opera Festival will be staged from June 23rd to August 27th. The program consists in 48 evenings with 5 operas and 3 special events.On Friday June 23rd at 9.00 pm Opening night of the 2017 Arena di Verona Opera Festival with the first performance of Nabucco by Giuseppe Verdi, in a new stage design directed by Arnaud Bernard, with sets by Alessandro Camera.

Another opera on the program is Aida, the opera that is a symbol of the Opera Festival, having been performed 650 times from 1913 to the present day.

One of the three special events will be on 15 August with the performance of Beethoven’s Symphony No. 9: a truly emotional gala evening, during which the absolute masterpiece by the genius from Bonn – the first musical composition to become part of UNESCO’s official cultural heritage treasures (in 2001), with the inclusion of its original manuscript in the “Memory of the World Register” – will resound round the amphitheatre, embracing it with the enthusiasm of the renowned Ode to Joy.

At the 95th Arena di Verona Opera Festival, performances will begin as follows: 9:00 pm in June and July and at 8:45 pm in August. The three special evenings will begin at 10:00 pm.

is/ks (dpa, www.arena.it)

Cultural highlights on Germany’s unique stages

Summer is the time for festivals even in Germany. There are more than 500 festivals in all – many of them open air shows in spectacular settings.

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Deutsche Welle <![CDATA[Pittsburgh Penguins sign Germany’s Frederick Tiffels]]> https://dailynewsegypt.com/?p=630027 2017-06-23T13:32:29Z 2017-06-23T09:57:00Z The post Pittsburgh Penguins sign Germany’s Frederick Tiffels appeared first on Daily News Egypt.

The Stanley Cup champion Pittsburgh Penguins have given German forward Frederick Tiffels his first professional contract. The move follows a strong showing at the world ice hockey championship in Germany last month.The Pittsburgh Penguins executive vice president and general manager, Jim Rutherford announced on Thursday that the reigning Stanley Cup champions have signed Frederick Tiffels,22, on a two-year, entry level contract.

The 6-foot, 192-pound (183 cm., 87 kg.) Tiffels, who the Penguins selected 167th overall in the 2015 NHL entry draft, spent his past three seasons with the Western Michigan Broncos, scoring a total of 27 goals and 32 assists in 105 career games.

Tiffels, who had been virtually unknown in Germany prior to last month’s Ice Hockey World Championship in Cologneand Paris, played his way into coach Marco Sturm’s squad through his performances in the training camp and pre-tournament friendlies. During the world championship, Tiffels took a regular shift for Germany, scoring two goals.

Tiffels is expected to start the coming season with Pittsburgh’s American Hockey League affiliate, the Wilkes-Barre/Scranton Penguins. He is the second German player to join the Penguins organization, after Tom Kühnhackl, who was part of the NHL team that won the Stanley Cup the last two seasons running.

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Deutsche Welle <![CDATA[Germany’s Isaiah Hartenstein taken 43rd in NBA draft]]> https://dailynewsegypt.com/?p=630029 2017-06-23T13:32:29Z 2017-06-23T08:31:00Z The post Germany’s Isaiah Hartenstein taken 43rd in NBA draft appeared first on Daily News Egypt.

The Houston Rockets have drafted Isaiah Hartenstein in the second round of the NBA draft. However, the German center will not be part of the Western Conference semifinalists’ plans for the coming season.Houston used their only pick of this year’s National Basketball League (NBA) draft – the 43rd overall – to select the 19-year-old German national team player Isaiah Hartenstein on Thursday night. Rockets general manager Daryl Morey said Hartenstein would be on his way to North America shortly, but at first would only stay a few weeks.

“He’s going to play with us this summer and then develop overseas next year,” Morey said of Hartenstein, who spent last season with the Lithuanian champions, Zalgiris Kaunas.

In 27 games in the Lithuanian league, he averaged 4.9 points and 3.7 rebounds a game. He also helped the German national team to a fourth place finish at the FIBA under-18 Euro championship in December.

“I can do a lot of things on the court,” Hartenstein said. “Just being very versatile and just whatever the team needs me to do I can do and just being very mobile for my height. I’m 7-foot (2.12 cm.), I can put the ball on the floor and defend a lot of different positions and I think just me being very versatile helps me a lot.”

Houston GM ‘surprised’ that Hartenstein didn’t go earlier

Morey said the Rockets had been scouting Hartenstein for some time and were surprised that he was still available when their pick rolled around, more than five hours into the draft.

“He’s already playing at a good level professionally and guys that play overseas, 7-footers like that, they’re very skilled and fit well with coach (Mike) D’Antoni’s system,” Morey said.

In Houston, Hartenstein is joining a team that finished third in the regular season in 2016-17 and in the playoffs reached the Western Conference semifinals before eliminated by the San Antonio Spurs in six games.

There are currently three Germans in the NBA: Dirk Nowitzki (Dallas Mavericks),Paul Zipser (Chicago Bulls) and Dennis Schröder (Atlanta Hawks).

The Philadelphia 76ers had the first overall pick in Thursday’s draft which they used to take 19-year-old Markelle Fultz, an American guard who spent last season at the University of Washington in Seattle.

pfd/mf (AP, SID, dpa)

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Deutsche Welle <![CDATA[Munich Film Festival kicks off with Juliette Binoche]]> https://dailynewsegypt.com/?p=630030 2017-06-23T13:32:34Z 2017-06-23T07:53:00Z The post Munich Film Festival kicks off with Juliette Binoche appeared first on Daily News Egypt.

The 35th edition of the Munich film festival has opened with Claire Denis’s “Let the Sunshine In.” An epic new Hitler documentary and Sofia Coppola’s “The Beguiled” also await.Some French celebrity cinema isn’t a bad start for the festival on the Isar river, which always seeks to combine glamour with artistic aspiration. Director Claire Denis, one of France’s most renowned filmmakers, helms the story of Isabelle (Juliette Binoche), a woman who makes several male acquaintances, including a macho, power-hungry banker, a late-puberty actor, a sensitive philosopher, and finally her ex-husband. Isabelle gives herself to them all, both physically and intellectually, and yet she knows perfectly well that the right one is not among them.

“Critical Resistance”

It’s uncertain whether the opening film of the 35th Munich Film Festival lives up to “Youth on the Move” and “Creative Resistance,” the central themes of this year’s cinema celebration.

“No moral cowardice, but youthful Sturm und Drang will rule on the screen and fuel many of the films we have invited to Munich from around the world in 2017,” said festival director Diana Iljine of the sub-themes driving the 2017 festival.

“Resistance is useless, you might think, in our crisis-torn world. And yet there’s a political will to resist in society, spreading upheaval, especially among the young,” Iljine added about “politically aware Millennials rebelling against the norms and conformities of the adult world.”

New German Cinema

This year’s festival program includes 45 world premieres, most of them German feature and documentary films – including 15 in the New German Cinema section. Unlike film festivals in Berlin and Saarbrücken, a lot of entertaining genre films are coming to the screen in Munich.

“German cinema in 2017 renegotiates the will to get along in happy single/couple/family constellations in exceptional dramas, comedies, tragicomedies [that explore] bizarre dream worlds … pathologies and personality disorders,” states the festival website.

Hard-hitting socio-political cinema is also on show. In the film “Fremde Tochter” (“Foreign Daughter”), for example, a volatile theme is explored: the love between a young non-religious German woman and a slightly older Muslim man. Can it go well? Director Stephan Lacant tackles the difficult subject – especially in an age where terrorism is often linked with Islamic extremism – cautiously and with many nuances.

Monumental Hitler documentary debuts

Among the most anticipated events is the world premiere of the seven-a-half-hour TV documentary “Who Was Hitler.” Director Hermann Pölking has deliberately opted for a cinematic feel – and monumental length – on a subject that has been the focus of many television series in recent years. The film deliberately confines itself to original quotes, speeches and writings by Hitler and his contemporaries – and largely dispenses with commentary of its own.

“Pölking conducted some of the most exhaustive research ever for a documentary film, cataloguing 120 archives in 14 countries, reviewing 850 hours of footage, restoring and digitally scanning more than 100 hours of material,” said the festival.

The world premiere of “Who was Hitler” on June 24 is sure to generate a lot of interest from abroad, where the subject of Nazism remains a staple of the big and small screens.

Honors for Coppola, Cranston and Hauff

Some of the great names of cinema will be specially honored this year in Munich, including the American director Sofia Coppola, whose films are the focus of this year’s festival retrospective. Beyond early works like “The Virgin Suicides” (1999) and “Lost in Translation” (2002), Coppola will also present the German premiere of her latest film, “The Beguiled.” Starring Nicole Kidman and Colin Farrel, the film is in competition.

Meanwhile, Canadian actor Bryan Cranston, star of the worldwide smash series “Breaking Bad,” will receive the prestigious “CineMerit Award” this year.

The festival is also dedicating an homage to leading New German Cinema director Reinhard Hauff. In the 1970s and ’80s, Hauff was one of several politically-minded German directors – among them Rainer Werner Fassbinder, Alexander Kluge, Volker Schlöndorff, Werner Herzog and Wim Wenders – who changed the face of German film, especially with “Stammheim” (1986), which detailed the trial of the Baader-Meinhof terrorist group.

“Hauff was a seismograph of his times and practiced a radical [film style] with people at the margins of society,” said Diana Iljine. “It’s especially intriguing to see how our perspectives were changing back then, and how our perspective on those days have changed.”

Now 78, Hauff was once one of the young and wild directors to whom this year’s festival motto, “Youth on the Move,” is dedicated.

The Munich Film Festival runs from June 22 to July 1.

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Deutsche Welle <![CDATA[The world in pictures: How photography revolutionized the press]]> https://dailynewsegypt.com/?p=630031 2017-06-23T13:32:34Z 2017-06-23T07:29:00Z The post The world in pictures: How photography revolutionized the press appeared first on Daily News Egypt.

Barely a century ago, the invention of photojournalism turned the press landscape upside down. A new exhibition at Berlin’s German Historical Museum reimagines a photographic revolution.A new exhibition at Berlin’s German Historical Museum titled “The Invention of Press Photography: From the Ullstein Collection 1894-1945,” shows how photography first appeared in newspapers and magazines at the turn of the 20th century – and rapidly boosted circulation.

Featuring defining examples of an emerging art form that are held in the image archives of the Ullstein publishing house, the exhibition particularly draws on the weekly news magazine, “Berliner Illustrirte Zeitung,” published by Ullstein from 1894 to 1945.

With a circulation of nearly two million copies at one time, it was Germany’s most successful magazine. This was largely due to the images it displayed from renowned press photographers and picture agencies, photos that drew in readers from across the social spectrum.

More generally, the exhibition shows how press photography represented a historical turning point in the development of the press in Germany and beyond – and was also front and center of documenting the coming turbulent times.

“Photography changed the press landscape and thus our perception of reality,” wrote the German Historical Museum of the exhibition.

The “Berliner Illustrirte Zeitung,” in particular, “stood for the birth of a new medium, the illustrated magazine, and the way it dealt with photography, which influenced people’s viewing habits and engaged the visual longings of its readers.”

Featuring works by noted photographers such as Georg and Otto Haeckel, Philipp Kester, Martin Munkacsi, Yva, Max Ehlert and Regina Relang, “The Invention of Press Photography” runs from June 23 through October 31 in Berlin.

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Deutsche Welle <![CDATA[Qatar Airways seeks stake in American Airlines]]> https://dailynewsegypt.com/?p=630032 2017-06-23T13:32:55Z 2017-06-23T07:20:00Z The post Qatar Airways seeks stake in American Airlines appeared first on Daily News Egypt.

The breakdown in relations in the Middle East hasn’t deterred Qatar Airways, as it is looking to expand its portfolio by buying a stake in American Airlines. But the attempt drew a frosty response from the US airline.Qatar Airways is willing to shell out about $808 million (724 million euros) to secure a 10 percent stake in the American Airlines Group, despite the ongoing regional crisis in the Middle East.

The surprise investment push by Qatar Airways was disclosed by American Airlines in a securities filing Thursday. But the outreach drew a frosty response from the US carrier.

“The proposed investment by Qatar Airways was not solicited by American Airlines and would in no way change the Company’s Board composition, governance, management or strategic direction,” said American Airlines in the filing.

American also noted potential obstacles to Qatar’s plan, as its rules prohibit “anyone from acquiring 4.75 percent or more of the company’s outstanding stock without advance approval from the board.” It said it had received no request from Qatar for such approval.

Further, American said, “there are foreign ownership laws that limit the total percentage of foreign voting interest to 24.9 percent.”

Qatar Airways said it would not exceed the 4.75 percent level without board approval and would “make all necessary regulatory filings” when required. “Qatar Airways sees a strong investment opportunity in American Airlines,” the company said in a statement.

Qatar Airways already owns substantial stakes in the parent company of British Airways and Aer Lingus.

Crisis time

The airline’s move comes as Qatar faces conflict with neighboring countries after Saudi Arabia, Bahrain, Egypt and the United Arab Emirates severed ties over Doha’s alleged support for extremist groups and Iran. The countries have suspended all flights to and from Qatar.

Qatar’s government denies all the allegations.

Read: Gulf crisis: Qatar’s neighbors issue ultimatum, call for Al-Jazeera shutdown

Qatar Airways has downplayed the impact of the dispute on its business, saying on June 14 that the “vast majority” of its network was unaffected. But analysts have warned the profitable carrier could take a hit should the diplomatic crisis drag out.

Akbar Al Baker, the CEO of Qatar’s national airline, warned of a lasting wound in the region at the Paris Air Show and called on the United States to act as a mediator in the diplomatic tussle.

American also has had its differences with Qatar Airways, among other Middle Eastern carriers, over state subsidies the US air travel industry says violate international agreements.

rd/sri (AFP, Reuters)

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Deutsche Welle <![CDATA[The mysterious wildbeest migration]]> https://dailynewsegypt.com/?p=630034 2017-06-23T13:32:55Z 2017-06-22T15:01:00Z The post The mysterious wildbeest migration appeared first on Daily News Egypt.

Every year, wildebeest undertake the same epic odyssey through the sprawling Serengeti. But why? Good question. We have the answer.An old African legend has it that when God created the wildebeest, he used body parts left over from five other species. He took a buffalo’s horns, a locust’s head, a cow’s body and a lion’s tail. And because he had some goat legs left over, he used them too. This Einsteinesque body makes the wildebeest, also known as the gnu, a special creature, and a tenacious long-distance runner.

And that tenacity is vital to these eternally peripatetic creatures, who spend their entire lives traversing the sweeping plains of the Serengeti. From Tanzania to Kenya they go, forever taking part in what is known as the Great Migration. Their motivation is the endless search for fresh grazing ground. Once they’ve eaten their way through one area, they move onto the next. And so it goes on, in a huge circle that sees the 1.3 million animals cover a monumental 600 kilometers annually.

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Deutsche Welle <![CDATA[France, Germany to divide EU regulation after UK exits: report]]> https://dailynewsegypt.com/?p=630035 2017-06-23T13:32:56Z 2017-06-22T13:39:00Z The post France, Germany to divide EU regulation after UK exits: report appeared first on Daily News Egypt.

A magazine report claims France and Germany will share responsibility for EU regulations on banking and drugs after Britain leaves the European Union. A decision is expected in October.Under the agreement reached between the two countries, the European Banking Authority (EBA), which employs 159 people, would be relocated from London to Frankfurt, the German magazine WirtschaftsWoche reported on Thursday, citing anonymous EU sources.

The EBA is perhaps best known for conducting regular stress tests on the EU’s financial sector, which became a vital focus following the collapse of large parts of the banking sector.

Frankfurt’s candidacy to become the new home of the EBA was set out by German Chancellor Angela Merkel at the end of May.

The European Medicines Agency (EMA), meanwhile, would move to Lille in France, the magazine said.

The EMA is one of the EU’s biggest institutions with more than 900 employees, who supervise and monitor medicines developed for use in the EU and coordinates with around 1,600 companies. The agency has an annual budget of more than 300 million euros.

Germany, which applied to host both the EBA and the EMA, is among the nations looking to profit from the UK’s departure from the EU.

EU states earlier this week tussled over moving EBA and EMA after Brexit, as most of them have expressed interest in hosting them.

Germany and Ireland are among the states that have said they will apply to host both bodies, though diplomats say no country will get both.

A final decision is expected in October after the EU states vote, first on the medical, then on the banking authority.

rd/sri (Reuters, dpa, AP)

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Nayera Yasser <![CDATA[Faissal El-Malak reincarnates Middle Eastern craftsmanship ]]> https://dailynewsegypt.com/?p=629921 2017-06-21T15:03:31Z 2017-06-22T11:00:48Z I am very passionate about our Arab heritage as a whole and all the crafts that are unfortunately dying today, says El-Malak

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Sitting in an isolated workshop hidden in the heart of Akhmim, a man directs his attention to the hands moving relentlessly in front of his eyes. Every night, he dedicates his days to absorbing a legacy that many generations have translated into patterns and weaves.

Faissal El-Malak is a Palestinian designer on a journey to follow his passion through the unbeaten tracks, in order to revive the region’s oldest crafts. Like an ardent lover, one day he can wander all the way to Yemen to get his hands on traditional fabrics. Meanwhile, a few months later, his feet can march in the other direction towards Upper Egypt’s most-traditional weaving.

While ancestral motifs and textures are at the heart of his label, El-Malak still manages to keep avant-garde experimenting a cornerstone of his aesthetic. The Middle Eastern designer is not only aiming to lend a helping hand to the region’s forgotten crafts, but he is also quite determined to push conservative gender roles.

For his latest collection, Morphology, El-Malak borrows folkloric feminine embroidery and vibrant colour pallets to dress his male models. On the other hand, he tailours masculinity to suit his female heroines.

This unorthodox fashion leap depends on duality and gender fluidity. Each garment is designed to equally appeal to both genders. The collection brings polar opposites face to face and mixes time-honoured materials with unprecedented silhouettes to shatter stereotypes obscuring the road to visionary wardrobe.

Photo Handout to DNE

The Dubai-based designer was recognised by various specialised foreign enterprises, including the “Vogue Italia Fashion Dubai Experience 2015” as he was named one of the finalists for the “Who Is On Next Dubai” competition.

Daily News Egypt talked with the patron of Arab craftsmanship to discuss Morphology, his infatuation with Akhmim’s hand-woven fabrics, and dominating international trend charts with Middle Eastern artistry.

How does your Palestinian nationality reflect in your aesthetic as a designer?

My identity is closely linked to my work as a designer. I always start with a lot of research, in particular on the traditional motifs and clothing of the region. It is through this research that I source most of my inspiration.

My aesthetic is very much influenced by my infatuation with my identity as an Arab—whether through contemporary art, music, tarab, or dance.

How can fashion be a useful tool to raise awareness regarding Palestinian and Arab heritage internationally?

I am very passionate about our Arab heritage as a whole and all the crafts that are unfortunately dying today. It is through research as well as finding and working with artisans that I myself discover new crafts, which I am amazed by and I am always eager to use them out of their traditional context and in turn share them with my clients.

I do things out of pure passion for the craft and not with the intention of raising awareness. I think that this approach is something that clients can relate to more easily because, ultimately, they are after a unique and beautiful product.

What was the main inspiration behind Morphology? 

When I first started using the fabric from Yemen, the general Yemeni feedback was “look as these women wearing our traditional men’s fabric.” The fabric I use from there is exclusively made for men; it is part of their daily attire.

They wrap it around their waist and pair it with a shirt and jacket. This made me think about gender and how something that I perceived as genderless, if not leaning towards femininity for its use of colour and motif, would strongly be associated with masculinity where it originated.

I wanted to explore that idea, push it further, and see how it could translate to shapes and use of colour in this collection. For example, taking the idea of the fabric being traditionally wrapped and applying it on trousers, dresses, and skirts both for men and women.

Photo Handout to DNE

How would you describe your first experiment with menswear?

I decided to work on a collection that incorporates men’s and women’s wear for the first time this season. It is through that first exercise that I wanted to explore the idea of making masculine and feminine clothes that would work for both genders, such as the full-red look for men and the strong-shouldered men’s coat for women.

No gender means both genders. It means that things do not need to be exclusive. In fact, it could be the other way around.

I would like to dress men and women that have a strong sense of self and that are bold. They are interested in telling a story through their life, particularly their clothes. Furthermore, geography does not limit them as they are constantly on the go.

This constant stream of influence and diverse information that they receive make their eyes receptive and in demand of that kind of product.

Tell us more about the artisanal craftsmanship incorporated in Morphology?

This collection is one step closer to achieving my vision of a Middle Eastern luxury-fashion line sourcing from different countries around the region. This season took me from handwoven fabrics in Yemen to one of the last hand-weaving workshops in Egypt that specialises in cotton jacquards, cordonnés, and hand embroidery.

How did you find out about each one, and how did you manage to source them?

I find things by being very curious, continuously travelling, and not being afraid to ask everyone and anyone about where to find things. Sourcing is sometimes quite challenging because a lot of these artisans only have very basic forms of communication and accessibility; however, it all becomes worthy when I see the finished product.

Why did you choose the hand-woven fabrics of Akhmim?

There was something very contemporary yet nostalgic about their motifs and colour combinations. The owner of the factory was a kind man. I used to enjoy paying him visits and learning about the craft that has been passed on within his family from one generation to another.

The fabrics tell a beautiful story; meanwhile, they are optimum for making structured tailoured pieces.

If you can name a certain craft from each Arab country that you aim to incorporate in your designs, what would you choose?

Even long before I started, I have wanted to use Palestinian embroidery in my designs. I have met with several associations in Palestine, Jordan, and Lebanon working with Palestinian women, and I have been waiting until the right moment comes along to integrate it with my work.

I believe that this step will take a lot of effort and time in order to be implemented correctly, and I want to do it justice. With that in mind, I have recently developed some contemporary motifs in collaboration with a Beirut-based design studio and cannot wait to start using them in the coming collection.

How can those crafts become more known and receive international fashion recognition?

It is about creating a beautiful product with an interesting story that people will want to buy and most importantly want to return for more. There is a lot of work beyond the craft. I am lucky to have studied fashion design in Paris, interned there for a few fashion houses, and worked as a stylist for a short period of time.

This taught me the importance of visual language as well as attention to details that has to be put into each garment and the way it is presented. I also loved the storytelling aspect of working as a stylist, which is something I use a lot in my work.

What can you tell us about your upcoming collection and near-future plans?

I am very excited to be part of a pop-up this summer in London with other UAE-based designers. The pop-up is organised by the Irthi Contemporary Crafts Council of Sharjah and will take place at Fenwick’s of Bond Street from the 10 July until 10 September.

It will be my first time selling my designs in the UK. I am certainly looking forward to this experience and cannot wait to test the response of that market.

As for the collection I wish to continue exploring the region as well as keep finding new artisans and crafts I can work with to grow the collection step by step.

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Deutsche Welle <![CDATA[Knowledge is power: Humboldt’s educational vision resonates on 250th birthday]]> https://dailynewsegypt.com/?p=629984 2017-06-23T13:26:13Z 2017-06-22T10:36:00Z The post Knowledge is power: Humboldt’s educational vision resonates on 250th birthday appeared first on Daily News Egypt.

Considered the father of the modern university, Wilhelm von Humboldt revolutionized public education in Germany. But on his 250th birthday, how does Humboldt’s legacy live on?A cosmopolitan linguist, philosopher, statesman and writer in one, Wilhelm von Humboldt would today make a good German education minister.

He was fluent in the principal languages ​​of the old and new world, and lived through long periods of his busy life in the most important European cultural centers such as Paris, Rome, London, Vienna and Berlin. Even though he was sometimes in the shadow of his well-traveled brother Alexander, he was equally significant, especially for his pioneering work as an education reformer.

The road to enlightenment

Wilhelm von Humboldt’s whole life was essentially an educational journey. After the early death of his father – who served as chamberlain to Frederick the Great – Humboldt had already received excellent education from private tutors that continued into his youth. His mother, born to prosperous Huguenot merchants, sought the best philosophers, reformist educators and polymaths to not only teach her sons the basics, but explain the world to them.

The boys were quickly instilled with a fascination with research, intellectual curiosity and Prussian discipline – and would go on to achieve excellence in their professions.

Like his brother, Wilhelm had intensive contact with the great minds of his time, among them Schiller, Goethe, Fichte and Schleiermacher. They also closely studied the modern philosophy of Kant. Thanks to his family’s wealth, the Humboldt brothers werefinancially independent and could freely pursue their personal interests.

Read: Berlin’s Humboldt University plans to open Islamic theology institute

Wilhelm von Humboldt entered the Prussian state service in 1790 at the age of 23, but was bored and quickly resigned. He then married Karoline von Dacheröden, who regularly ran salons for poets, philosophers and politicians in the family home as they traveled Europe when Wilhelm later worked as a diplomat.

A highly educated art historian, Karoline was also an emancipated young woman who dared to to wear men’s dress when horse riding because it was more practical. Wilhelm, on the other hand, spent time looking after his children at home, which went against the Prussian military ideal of masculinity at the time.

Early in the marriage, the couple undertook extensive journeys through France and Spain, some of them into inaccessible areas high in the Pyrenees where travelers at the time rarely strayed. They also journeyed with three children – together with their tutors, of course.

From diplomat to education reformer

In 1802, Wilhelm von Humboldt entered the Prussian civil service for the second time. On this occasion he was lucky enough to be sent to Rome as a diplomat. Together with Karoline, then a close friend of Schiller’s wife Charlotte von Lengsfeld, he led a lavish social life in Rome among the liberal intelligentsia. Writers, scholars and famous artists such as the painter Angelika Kauffmann visited the Humboldt home, as did Wilhelm’s brother Alexander.

But after Prussia was invaded by France in 1806, and the country was left bankrupt and its people starving, Wilhelm was summoned to Berlin in 1808 and appointed to the post of director of education.

School education in Prussia was rigid and anachronistic, with no separation between church and state. Curriculum was strict and women were denied access to education. But Humboldt soon ushered in a new age of education. Born of his humanistic educational ideals, in 1810 Humboldt introduced a uniform three-level school system in Prussia from elementary through to high school. He abolished the “disastrous training pedagogy,” as he called it.

Humboldt also invented the modern research university when, in 1811, he founded Berlin University (now Humboldt University). Promoting the latest teaching methodology, the university sees Prussia develop the most advanced educational system in Europe.

Utopian ideals

As he reformed an antiquated curriculum, Humboldt insisted that teachers and university professors should be an “advocate for the education of young people.” Systematic learning and holistic education through art and music were just as important as mathematics to the training of the mind, according to Humboldt.

The ability to think critically would be more important than strict vocational training. “Knowledge is power and education is liberty,” was Humboldt’s credo.

When Wilhelm von Humboldt died in Berlin-Tegel on April 8, 1835, he left behind a powerful new school of thought. His ideal was to nurture educated, confident citizens, independent of their class or family background.

These educational ideals could serve as a model for present-day school and education policy in Germany. But regional political interests and packed curricula – which still have their origin in the strict Prussian administration – stand in the way. Humboldt’s cosmopolitan, liberal-minded educational philosophy remains a utopian ideal in Germany.

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Deutsche Welle <![CDATA[Reports: Chinese U20 team set to play in Germany’s fourth tier]]> https://dailynewsegypt.com/?p=629986 2017-06-23T13:28:59Z 2017-06-22T10:21:00Z The post Reports: Chinese U20 team set to play in Germany’s fourth tier appeared first on Daily News Egypt.

According to media reports, a Chinese U20 could play in one of Germany’s regional fourth-tier leagues next season. The plans follow a deal aimed at enhancing cooperation between Germany and China in football.China’s under-20 national team could play in Germany’s fourth tier next season, according to plans set to be announced by the German football association (DFB).

The fourth tier of the German football pyramid is split into five regional divisions and, with the south-western division, the Regionalliga Südwest, having only 19 teams, there a proposal has emerged to round the league off with an extra side – from China.

“[The clubs] have reacted very positively to the idea,” Ronny Zimmermann, vice-president of the DFB and chairman of the Regionalliga Südwest board of partners, told German football magazine “Kicker.”

The plan follows an agreement signed in 2016 between the German FA and the Chinese government to help boost the sport in the Asian country, where the Bundesliga enjoys growing popularity. Chinese football expects to benefit from German expertise in coaching and development in return for Chinese investment in German football.

“An outstanding idea”

“The planned cooperation with China is well known but that needs to be translated into actions as well,” continued Zimmermann. “We’ll have to see if anything comes of the idea. A decision will have to have been made by the time the league managers meet, since that’s when the fixture list will be confirmed.”

As with every regular opponent, each German club in the south-western division would face the Chinese selection twice during the season, although the results of these games would not count in the league standings. Since the Chinese team would have no “home” ground, the German clubs would host them twice and receive a total fee of around 15,000 euros ($16,700) from the Chinese FA. For the young Chinese team, the matches would serve as preparation for the 2020 Olympics which are due to be held in Tokyo.

“It’s an outstanding idea. We look forward to the two home games and we’ll be sure to roll out the carpet for China’s Olympic XI,” Stuttgarter Kickers commercial director Marc-Nicolai Pfeifer told the mass-circulation daily “Bild.”

Kickers Offenbach CEO Christopher Fiori said he envisaged “great marketing opportunities from a match against a Chinese team.”

Criticism from fans

While the plans have been welcomed by commercial directors, some fans are less enthused, taking to social media to express their displeasure at what they consider yet another step in the perceived over-commercialization of the sport.

Links between China and German football are already on the rise. Bayern Munich and Borussia Dortmund already organize off-season tours of the Far East to capitalize on the booming football market, while, according to media reports, Cologne striker scorer Anthony Modeste is set to follow in the footsteps of a number of big European names by completing an estimated 35-million-euro transfer to Chinese Super League side Tianjin Quanjian. Earlier this month, former Bayern Leverkusen coach Roger Schmidt took over at Beijing Guoan.

A recent investigation by German magazine “Spiegel” uncovered evidence suggesting Chinese betting circles could be involved in match-fixing in European football.

According to “Bild,” the involvement of the Chinese XI in the south-western regional league could be officially announced during Chinese President Xi Jinping’s visit to Berlin on July 5.

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Deutsche Welle <![CDATA[Hard Brexit to cost German car industry jobs: study]]> https://dailynewsegypt.com/?p=629990 2017-06-23T13:27:13Z 2017-06-22T10:02:00Z The post Hard Brexit to cost German car industry jobs: study appeared first on Daily News Egypt.

A “hard Brexit,” meaning the UK’s departure from the European Union’s single market as well as customs union, would result in thousands of job losses in the German automotive industry, says a new study.German and European carmakers could see their revenues decline by as much as 20 percent in the event of the UK leaving the EU’s single market and customs union entirely, concluded a new study released Thursday by the consulting firm Deloitte.

The UK is an extremely important market for German automakers. About a fifth of Germany’s automotive exports are shipped to Great Britain. In 2016, around 950,000 newly registered vehicles in the UK were made in Germany.

It is estimated that as many as 60,000 automotive jobs in Germany are dependent on exports to the UK. Deloitte’s researchers projected that about 18,000 of them would be threatened by a hard Brexit.

A weakened British pound, they said, would increase the price of German-made cars while decreasing the purchasing power of the British buyer, leading to a drop in demand. Customs duties would raise the car price even higher, with the study estimating that vehicles made in Germany could cost as much as 21 percent more than they do now in the UK.

Big losses

The report noted that car manufacturers based in continental Europe would be the biggest losers from such a scenario.

It said that although firms based in the UK and those from other non-EU countries would be able to gain some market share in the short term, they would not be able to benefit from the situation in the long run. That’s because their production costs would increase as they rely on suppliers based in the EU, whose parts would become pricier, the authors argued.

Formal talksabout the British departure from the European Union began this week, with the UK’s Brexit Minister David Davis stressing that Britain would have to quit the bloc’s common market and customs union to ensure the return of full sovereignty.

Read: German firms warn Brexit will ‘seriously damage’ UK business

The clock is ticking for Britain’s exit from the bloc as Article 50 sets out a strict two year timetable. That means a deal will have to be agreed by March 2019, failing which Britain would fall back on World Trade Organization rules, which could result in higher export tariffs and other barriers.

Britain’s Society of Motor Manufacturers and Traders, an automotive industry body, this week urged the government to agree on an interim Brexit trade deal, calling for Britain to keep membership of the European single market and customs union until a final Brexit deal has been inked.

sri/bea (dpa, AFP)

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Deutsche Welle <![CDATA[‘We need better training for women in tourism’]]> https://dailynewsegypt.com/?p=629991 2017-06-23T13:27:17Z 2017-06-22T09:54:00Z The post ‘We need better training for women in tourism’ appeared first on Daily News Egypt.

One in ten jobs on the planet is linked to tourism, according to an industry body. Can tourism improve the living standards of women, or the environment? DW spoke to Jane Ashton, Director of Sustainability at TUI Group.DW: According to the World Travel and Tourism Council (WTTC), tourism accounts for 10 percent of global Gross Domestic Product (GDP), and 1 in 10 jobs globally. At the Global Media Forum here in Bonn, you said that tourism can also be a way to empower women. How?

Jane Ashton: In tourism, there is a disproportionately large number of women and youth employed. That is because the barriers to entry are relatively low in this industry. Tourism has sustained growth over a very long period of time, and is forecast to grow further right until 2050. So it’s a huge driver of economic development and particularly of female empowerment.

We need improved training and education for women in tourism, so they can develop and take on more management roles within the industry. Together with our partners, we run training schemes in several countries. In one of our hotels in Morocco, for example, 90 apprentices receive vocational training and go to school each year, in a program modeled after Germany’s dual education system.

You are Director of Sustainability at TUI Group, the world’s biggest tourism operator. But how eco-friendly can this industry be when it flies millions of tourists around the globe each year?

If you look at the total impact of tourism in a destination, you find that the economic and social benefits are high. There is also an adverse environmental impact, and we are working very hard to minimize that. There are many studies which analyzed the total impact – economic, social and environmental – of tourism. By far the biggest drivers of development are the employment and the supply chain. So we are trying to improve employability and ensure that fewer goods and services are imported. When they are purchased locally instead, local communities benefit more from tourism.

Could you give us an example?

In Mexico, Mayan women living in the jungle traditionally have had very little economic empowerment. We have worked with them to develop their jam-making and their honey products, giving them support for health and safety, and advice on accountancy and how to run a small business. Now, these women are producing honeys and jams for a number of hotels up and down the coast of Mexico. They are supplying the tourism industry with authentic and attractive goods, and they also run very successul businesses.

During a panel discussion at the Global Media Forum, it was said that in some Islamic countries, women are discouraged by their families from working in tourism, because the potential contact with foreigners gives these jobs a bad reputation. Is this also your experience?

In some of these countries, for example Morocco or Tunisia, there are fewer women than men working in hotels – and that is a cultural reflection. We develop programs to educate and empower women. Often, they are mainly or exclusively for women, and if not, we make sure there is a 50-50 balance of boys and girls who join those educational programs.

We also have a very detailed code of conduct for all our suppliers, for example hotels. We require them to undergo sustainability certification by third parties. A lot of these criteria relate to fair working practices, non-discrimination and fair contracts, to ensure that women are not discriminated against in tourism. I think that is an important way for tourism companies to drive improvements in the wider industry.

Jane Ashton is Director of Sustainability at TUI Group, the world’s biggest tourism operator. The company owns travel agencies, hotels, airlines, planes, cruise ships, and retail stores. It employs 67,000 people globally and generated 17.18 billion euros in revenues in its most recent fiscal year.

The interview was conducted at DW’s Global Media Forum 2017, held in Bonn from June 19-21.

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Mohamed Samir <![CDATA[Egypt ranks 105 in Global Innovation Index 2017, Switzerland in top spot]]> https://dailynewsegypt.com/?p=629909 2017-06-21T14:45:18Z 2017-06-22T08:00:43Z UAE secures the top rank in the North Africa and West Asia region

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Egypt ranked 105 in the 2017 “Global Innovation Index”(GII) moving two places from its 2016 ranking, while Switzerland still ranks as the top innovative country for the seventh year in a row. The Global Innovation Index ranks the economies of 127 countries or territories using an innovation performance score out of 100 points, based on the country’s institutions, human capital and research, infrastructure, market sophistication, business sophistication, knowledge and technology outputs, and finally creative outputs.

The results of the index, co-authored by Cornell University, French business school Insead and the World Intellectual Property Organization (WIPO), were officially announced during a press conference held on 15 June at the UN headquarters in Geneva.

In regards to Innovation Output Sub-Index and in the Knowledge and technology outputs, Switzerland performs best in comparison to other countries. Its lead seems largely uncontested. For the first time it ranks among the top 10 in all pillars and is the 3rd economy in the world in innovation quality.

The report indicates that Switzerland position withing the ranks, is due to their improvements in the areas of Institutions (where they ranked 8 globally), Infrastructure (with the 6 rank), and Creative outputs (ranking 3), while its Innovation Efficiency Ratio has improved from 5th to 2. Switzerland presents a few areas of weakness on the input side. Such as: ease of starting a business, graduates in science and engineering, gross capital formation, ease of getting credit, and growth rate of GDP per worker.

According to the report, the six key findings in 2017 are: the importance of creating new sources of innovation-driven growth, the need to overcome serious food challenges by smart agricultural innovation in developing countries, that more innovation convergence is required globally, leveraging the rise of new East Asia Innovation Tigers, to foster deeper regional innovation networks, prioritising the need to preserve the momentum of innovation in Sub-Saharan Africa, in addition to the fact that Regional clusters of inventive activity – such as Tokyo, Yokohama, Shenzhen, Hong Kong, San Jose- are essential to national innovation performance.

Moreover, in regards to regional rankings, in this year’s edition, Europe still dominates the top rankings, with 8 countries in the top 10 economies, and 15 in the top 25 global economies. The report concludes that these results are due to Europe’s strong stance in human capital and research, infrastructure, and business sophistication.

While for North America, the United States of America secured the 4 rank, and Canada was in the 18th spot. Which is an indicator to the particularly in market sophistication index, and intensity of venture capital activity, which acts as a driver to stimulate private-sector economic activity.

In the United States case, various factors have contributed to their rank, such as the existing high-quality universities and firms, which conduct global R&D, quality of scientific publications, software spending, and the state of its innovation clusters. While for Canada, they ranked high in the ease of starting a business and quality of scientific publications, and their exceptional political, regulatory and business environment draw top marks. However they lagged behind in improvement in its education system.

South East Asia, East Asian, and Oceania region, Singapore maintained it’s position as the region’s innovation leader despite dropping by 1 rank globally in 2017 index. While South Korea secured the second place regionally, and the 11 spot globally, followed by Japan which ranked 3 regionally and 14 globally.

Furthermore, according to the report, China sustained its progress in the overall ranking, by securing the 22 spot, which make it the first ever middle income country in the top 25 ranking. China’s position came as a result to their high scores in business sophistication and knowledge and technology outputs, as well as their strong performance in the presence of global R&D companies, research talent in business enterprise, patent applications and other IP‐related variables.

Moving on to Central and Southern Asia region, Central and Southern Asia, India, moving six ranks from 2016 index, secured the top rank in the region, and the 60 spot globally, outperforming on the innovation relative to its GDP per capita for the seventh consecutive year.  The report indicates that India ranks 14 globally in the presence of global R&D companies, performing better than the rest of lower- and upper-middle-income economies. India’s positive performance is due to its success in maintaining its 2nd position in both university rankings and citable documents among middle-income economies.

On the other hand the Islamic Republic of Iran ranked 2 in the region and 75 globally, with an exceptional performance in tertiary education, as well as ranking second in the world in number of graduates in science and engineering.

While in the Northern Africa and Western Asia region (NAWA), Israel and Cyprus achieved the top two spots in the region for the fifth consecutive year, with a global ranking for 17, and 30 consecutively. The report indicates that Israel has improved in various indexes such as: gross expenditure on R&D, as well as ICT services exports, in addition to maintaining its top ranks globally in researchers, venture capital deals, and research talent in business enterprise.

The United Arab Emirates came in the third place regionally, and jumped 6 ranks to reach 35 globally, which benefits from increased data availability and shows strengths in tertiary inbound mobility, innovation clusters and ICT-driven business model innovation.

On the other hand, sixteen out of the 19 economies in the NAWA region are in the top 100 globally, including Turkey (43), Qatar (49), Saudi Arabia (55), Kuwait (56), Armenia (59), Bahrain (66), Georgia (68), Morocco (72), Tunisia (74), Oman (77), Lebanon (81), Azerbaijan (82), and Jordan (83). While Egypt came in the 17 spot regionally followed by Algeria.

Egypt, which moved 2 ranked in 2017 index, has shown slight improvements in institution index ranking 121 compared to 123 in 2016, and 107 in market sophistication versus 110 in 2016, 120 in business sophistication compared to 122 in 2016. However two factors has taken their toll on Egypt’s global average score, the country’s infrastructure score which has fallen from 82 in 2016 to 93 in 2017.

The report cites that, the largest economies in Latin America and the Caribbean region Chile, Mexico, Brazil, and Argentina show particular strengths in institutions, infrastructure, and business sophistication. Chile, which secures the region’s top rank for another year,  have shown good performance in areas of infrastructure, market sophistication, and knowledge and technology outputs.

However, the report indicates that the region’s GII rankings have not significantly improved relative to other regions in recent years, and no country in Latin America and the Caribbean currently shows any innovation out-performance relative to its level of development.

The Sub-Saharan Africa region, which draws its highest scores in institutions and market sophistication. As a result to the fact that economies such as Mauritius, Botswana, South Africa, Namibia, Rwanda, and Burkina Faso perform on par or better than some of their counterpart peers in Europe and South East Asia, East Asia and Oceania.

According to the report, Sub-Saharan Africa has counted more “innovation achiever” countries than any other region, since 2012. With Kenya, Rwanda, Mozambique, Uganda, Malawi, Madagascar and Senegal standing out for being the top innovation achievers this year, and several times in the previous years. While Burundi and the United Republic of Tanzania have also became innovation achievers in 2017. The report emphasizes that preserving and building upon this innovation momentum in Sub-Saharan Africa is now essential.

According to the report, closing the innovation divide between high-income and developing economies was the initial purpose of the index. The 2017 rankings singled out specific ‘innovation achievers’ that have grown relative to 2016 and contribute to the continual effort of overcoming developmental differences. In total, nine come from the Sub-Saharan Africa region, including Kenya and Rwanda, and three economies come from Eastern Europe.

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Aisha Zidane <![CDATA[Eid increases occupancy in hotels of Red Sea, Sharm El Sheikh, Alexandria, North Coast: tourism workers]]> https://dailynewsegypt.com/?p=629907 2017-06-21T14:51:29Z 2017-06-22T07:30:26Z Eid Al-Fitr holiday next week is expected to increase hotel occupancy in many resorts in Egypt, thanks to increased bookings from individuals and families

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The bookings of Alexandria hotels for next week during the celebrations of Eid Al-Fitr have reached 100%. Many citizens tend to spend the Eid holiday in Alexandria, as an escape from the high temperature in Cairo and other governorates.

Antonio Ghazal, the former head of the Egypt Hotels Association (EHA) in Alexandria, said that summer is considered an important season in Alexandria, where occupancies go up to 100%, which increases prices by 50%.

He explained that the prices of rooms start at EGP 2,500 per person and increase based on the number of stars, the location, and the demand of citizens—where the hotels overlooking the sea are usually more expensive.

He stressed that the Eid Al-Fitr holiday coinciding with the summer greatly increases hotel occupancy by Egyptians, where foreigners and Arabs represent only 5% of occupants.

Ghazal pointed out that occupancies will see a rise starting next week in Alexandria, the North Coast, and Marsa Matrouh, adding that a slight decline will take place after Eid before recovering.

He demanded the government of Alexandria to make more efforts to take the governorate out of the frame of seasonal tourism and turn it into one with tourism all year long, allowing investors to invest in it throughout the year.

He said that the means of reaching Alexandria, Matrouh, and the North Coast are easily available, whether by air, sea, or land, which helps the government pay more attention to them.

Hisham El Abd, vice head of the EHA, said that some Alexandria hotels have closed booking until the end of the season because of a shortage in vacant rooms. He explained that the week of Eid will see the highest occupancy.

He said that the flotation of the pound has resulted in a 100% increase of prices for local products used by hotels and offered to customers, so compared to previous years, this year will witness a noticeable increase.

He added that citizens resort to renting chalets when they do not find empty rooms in hotels, and their prices are usually less than hotels.

He revealed that the summer season increases employment in hotels by no less than 50% compared to winter, which witnesses the closing of many hotels.

The director of bookings at the Steigenberger Cecil hotel said that the prices in his hotels start at EGP 1,800 per person.

He explained that there is a 50% increase in prices compared to last year due to the devaluation of the Egyptian pound.

The bookings director at Four Seasons Hotel in Alexandria said that the price of a room in the hotel starts at EGP 5,000, excluding meals, with an unspecified increase over last year’s price.

He added that there are no vacant rooms over next week, while bookings during the week after will range between 50% and 60%. The hotel also seeks to attract guests by providing shows and concerts.

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Aisha Zidane <![CDATA[Go Bus raises ticket price EGP 10 on Eid holiday trips]]> https://dailynewsegypt.com/?p=629897 2017-06-21T12:56:20Z 2017-06-22T07:00:28Z Company will raise ticket prices by EGP 10 from next week across all trips

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The Go Bus tourist transport company is set to increase its prices by EGP 10 on all trips starting from the Eid holiday, before raising the prices again to offset the losses it incurred following the flotation of the pound that hiked prices of spare parts and maintenance costs.

Maher Nassif, chairperson of the company, said his company had given up 50% of its profits this current year following the flotation, as it could not raise the prices with the same value of the flotation in order to keep its clients.

He added that the company will raise ticket prices by EGP 10 for all trips starting next week.

Nassif said that the price per ticket from Cairo to Hurghada or Sharm El Sheikh start from EGP 95 to EGP 280, while the price from Cairo to Marina ranges between EGP 130 and EGP 160. The price from Cairo to Marsa Matrouh is set at EGP 120.

Ticket prices from Cairo to Alexandria begin at EGP 55 to EGP 70, and EGP 115 to EGP 185 from Cairo to Dahab.

Nassif pointed out that the company will have 20 additional trips on Eid days to Marsa Matouh, the North Coast, Hurghada, and Sharm El-Sheikh due to the high demand for reservations, especially to the Marsa Matrouh governorate, which alone, will see the addition of six more trips.

He noted that the company has launched its Cairo-Dahab line and plans on opening new lines to other tourist destinations, especially as the seasonal lines are only active for specific times, such as the North Coast and Marsa Matouh.

Nassif also said that the company has added 25 new MCV buses with investments of EGP 100m last week.

He added that the company is negotiating with Saudi Arabia to transport pilgrims into the country next season and is currently expecting a reply from the kingdom after the end of the current season.

Nassif stressed that the tourism transport industry is currently suffering from the high cost of buses, including imported models and locally assembled ones, next to the surge in prices of spare parts, which hinders renewing the fleets of the companies.

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Aisha Zidane <![CDATA[The North Coast’s hotels are the most expensive: hotel managers]]> https://dailynewsegypt.com/?p=629893 2017-06-21T12:47:11Z 2017-06-22T06:30:45Z Single rooms EGP 3,400, while chalets cost EGP 12,000

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The occupancy rate of the North Coast’s hotels reached 100% during the holiday week, and room prices have seen a 40% increase compared to last year, following the flotation of the pound.

The reservation agent at Marassi resort said that the occupancy rate exceeded 99% during the Eid al-Fitr holiday, and only a few chalets and apartments are available.

He added that the resort’s occupancy throughout the summer season is not less than 90% because of its competitive services compared to other places in the North Coast.

The agent said that they increased their employment by 50% since the beginning of the summer to serve the guests, noting that this kind of employment is temporary.

The booking agent at El Alamein Hotel in Marassi said that all the hotel rooms are booked during the week of the holiday.

She explained that the hotel will not hold musical concerts during Eid al-Fitr. The single and double room prices start at EGP 5,000.

She stressed that the hotel is in demand throughout the summer and the occupancy is not less than 90%, while there are no guests during the winter.

The booking agent at Hacienda said that the room prices start at EGP 4,800 per night, while chalets start at EGP 12,000.

She expected that the occupancy rate will reach 95% after the Eid holiday.

The occupancy rates during the summer will stay high, she predicted.

The reservation agent at the Iberotel hotel in the North Coast said that all the hotel’s rooms are reserved during Eid week and the week after, adding that the second week in July will witness a decline of 30% in the occupancy rate.

He said that the single superior room costs EGP 3,820 for 3 days, while the superior double room costs EGP 3,040. He added that the double family room costs EGP 4,115, while the triple family room costs EGP 3,820 per person.

He stressed that the prices increased by 40% compared to last year, and the prices of some services were tripled.

The booking rates among Egyptians reached 40%, compared to 60% by Arabs and foreigners, while the number of Egyptian visitors is expected to decline after the end of the holiday week. He revealed that his hotel will not hold any large parties during Eid al-Fitr because the reservations have already exceeded the number of rooms, so there is no need to hold parties.

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Aisha Zidane <![CDATA[Egyptian individuals, families increase hotel occupancy rate in Hurghada, Sharm El Sheikh: tourist workers]]> https://dailynewsegypt.com/?p=629889 2017-06-21T12:32:18Z 2017-06-22T06:00:36Z Egypt's promotional campaigns abroad remain unsatisfactory, fail to bring significant numbers of tourists from Arab world or other countries

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For hotels and tourist facilities in Sharm El-Sheikh and Hurghada, Eid Al-Fitr will bring celebrations and a 60% increase in bookings.

Nagy Erian, former vice head of the Egyptian Hotel Association (EHA), said that there is a 60% increase in bookings in cities, which coincides with the Eid Al-Fitr celebrations.

He explained that the increase only takes place during the week of Eid and goes back to declining to normal levels, so they race to offer services that attract guests, such as concerts and shows.

He revealed that the increase in prices start at 30% as a result of the Egyptian pound’s flotation.

Kamel Abo Ali, chairperson of a group of Sharm El-Sheikh and Hurghada hotels, said that there is a great recovery in the bookings of hotels during Eid.

He pointed out that 30% of Hurghada and Sharm El-Sheikh visitors are Arabs, while domestic tourism represents 70%.

A number of hotels and tourist facilities in the two cities have been developed in the last period and will be reopened in Eid Al-Fitr to attract the largest number of customers.

He stressed that Egypt’s promotional campaigns abroad are still unsatisfactory and could not bring the targeted numbers of visitors, whether from the Arab world or other countries.

He asked to delay any support programmes of domestic tourism until the end of the year, as citizens travel during the summer months to various tourist areas, especially resort cities.

Ahmed Balbaa, chairperson of Balbaa Group for Hotels, said he has reopened a number of hotels to benefit from the time of holidays and the expected tourist flow coming from abroad.

He pointed out that the high occupancy rates will not exceed the Eid Al-Fitr week, where all Egyptians will return to work again and all the occupancy rates will decline again.

He explained that prices should increase because of the increase in input prices after the flotation of the Egyptian pound, which caused prices to increase by 100%.

He stressed that there are a number of demands to revive the tourism movement, mainly allocating the management of airports in tourist cities to specialised international companies and exempting the sector from financial commitments for two years. Balbaa demanded to drop any legal actions against the sector regarding its dues in order to give hotels and tourist facilities the chance to train new staff and pay salaries from the Emergency and Crisis Fund for a year and then announcing it to reassure the employees.

The hotel booking agent at Viking Sharm El-Sheikh said that there is a boom in booking rate during the Eid Al-Fitr holiday, up to 70% by Egyptians, Arabs, and foreigners.

He pointed out that room prices reached EGP 3,000 because of the flotation.

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Deutsche Welle <![CDATA[German U21s put three peaches past Denmark]]> https://dailynewsegypt.com/?p=630004 2017-06-23T13:28:09Z 2017-06-21T21:25:00Z The post German U21s put three peaches past Denmark appeared first on Daily News Egypt.

Germany’s youngsters scored three spectacular goals to earn three valuable points in their European Championships group. Davie Selke, Marc-Oliver Kempf and Nadiem Amiri all netted with panache.Germany 3 – 0 Denmark
(Selke 53′, Kempf 73′, Amiri 79′)
Marshal Jozef Pilsudski Stadium, Krakow

Germany sealed all three points against Denmark on Wednesday while group rivals Italy could only draw against the Czech Republic. The results guarantee the German team nothing, however. It’s still possible that a defeat against Italy in the third and final group game results in the team’s elimination from the competition.

Denmark struggled to assert themselves in the game but defended stoutly, holding on for more than 50 minutes before the opening goal.

Davie Selke, who’d been all-but invisible until his goal, uncorked the game with a precision first-time shot to the top corner from the edge of the area.

Germany’s second stylish strike hailed from a corner, with Marc-Oliver Kempf unleashing a thunderous volley to double the lead. Kempf, stood dead in the center of the penalty area, must have been astonished at the space he was left.

Hoffenheim’s Nadiem Amiri sealed the win with a snaky dribble and a left-footed finish with a little over 10 minutes remaining.

Altough nothing’s certain yet, coach Stefan Kuntz’s side would be guaranteed a spot in the semifinals with just a draw against Italy.

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Abdel Razek Al-Shuwekhi <![CDATA[PepsiCo’s investments in Egypt worth $1bn past two years]]> https://dailynewsegypt.com/?p=629972 2017-06-22T11:30:22Z 2017-06-21T17:59:42Z Cultivating potatoes has saved EGP 80m, we are betting on investments in Egypt, says Shelbaya

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The investments that PepsiCo has injected in the last two fiscal years have reached $1bn, according to the company’s general manager, Mohamed Shelbaya, who stressed that the company is betting on investing in Egypt in the coming period.

Shelbaya told Daily News Egypt on the sidelines of a press conference that PepsiCo denominates 55% of the fizzy drinks market in Egypt, while ChipsyCo accounts for 60% of the salted potato products market.

He also pointed out that the company is working on reducing its expenses by looking for alternative fuel sources rather than the traditional fossil fuel currently being used in the company’s factories. He added that the company will also rely on marketing through social media, especially in light of the high cost of products in Egypt during the last period.

Shelbaya praised the company’s recent promotional campaign, saying that it will reach almost all 36 million Internet users in Egypt.

“We are working on focusing currently on marketing for the youth, in addition to supporting them in projects to increase entrepreneurship projects that the company has sponsored in the last two years,” he added.

Shelbaya pointed out that the company’s sales have drawn back by 10-12% because of the high inflation rate in Egypt during the recent period, but will soon return again to balance and stability.

The company expanded the number of distribution centres in the governorates of the republic to 75 and added 1,600 cars in all regions to boost sales.

He also stated that PepsiCo is one of the largest companies in the Egyptian market and that there are talks with the Ministry of Industry and Trade to help the company enter new markets in East Africa during the coming period.

Shelbaya highlighted the company’s strategy to deepen the industry in Egypt by increasing the local component in its products, noting that the company has obtained lands of about 10,000 feddans to grow potato crops to feed the plants.

He said that the strategy of obtaining lands has saved the company some EGP 80m in the recent period, noting that most of the company’s profits are recycled through investments in Egypt.

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Daily News Egypt http://dailynewsegypt.com <![CDATA[AUC Press donates Egyptology sets to local, international institutions ]]> https://dailynewsegypt.com/?p=629967 2017-06-21T17:54:40Z 2017-06-21T17:54:40Z 25 sets to be distributed in local schools across Egypt, 17 for Ministry of Antiquities’ instructors

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Aiming to support and enrich the national and international archaeological community, American University in Egypt (AUC) Press has donated some of its Egyptology books to local institutions, according to a press release.

The university distributed 25 volumes to national schools across Egypt and 17 sets for the Ministry of Antiquities.

“We were particularly pleased, in this round of donations, to be able to send 25 full sets of selected books to the Shafik Gabr Foundation for distribution to schools around Cairo,” said Nigel Fletcher-Jones, director of the AUC Press. “We hope that this may help, in some small way, to inspire students to join the next generation of Egyptian archaeologists,”

“The donations to international archaeological institutions are part of a wider outreach effort by the AUC Press based on our commitment to enhance global communication in Egyptology and Egyptian archaeology,” Fletcher added.

The 17 sets are for the use of libraries of the Ministry of Antiquities and for the use of staff and instructors. These are an addition to two sets: one was sent to the library of the Theban Mapping Project in Luxor and the other to the Amarna Project library in Tell el-Amarna.

The donations to the international institutions aim to maintain good connections with them and provide them with trusted sources for the history of Egypt.

The institutions are Institut Français d’Archéologie Orientale (IFAO), Deutsche Archäologische Institut Kairo, Nederlands-Vlaams Instituut Cairo, Egypt Exploration Society, and the Österreichisches Archäologisches Institut Kairo, as Fletcher explained.

The donations also open a door for further collaboration between the AUC and international institutes. “We are working with the IFAO, planning new co-publication and production opportunities, and we hope to expand this approach to more international institutions in the near future,” he concluded.

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Farah Bahgat <![CDATA[Saudi king’s son announced next in line to rule]]> https://dailynewsegypt.com/?p=629964 2017-06-21T17:51:19Z 2017-06-21T17:51:19Z The new crown prince has been influential in Saudi politics since his father became king

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Saudi Arabia’s King Salman bin Abdul Aziz elevated his son Mohammed bin Salman as the Kingdom of Saudi Arabia’s (KSA) crown prince on Wednesday, replacing former crown prince and the King’s nephew Mohamed Bin Nayef.

The decision entitles Bin Salman as the first in line to become the Saudi Arabia’s next king.

A royal decree indicated that the 31-year-old Mohammed bin Salman was also named deputy prime minister and will maintain his position as minister of defence, according to a KSA-owned news agency.

The ousted crown prince Mohammed bin Nayef has been stripped of all his offices, including that of the country’s interior minister, the state news agency said.

Bin Salman is the Saudi defence minister; chairperson of the Council for Economic and Development Affairs (CEDA), which oversees economic policies in the KSA; and the chairperson of the supreme board of Aramco.

Bin Salman has been influential in Saudi politics since his father became king of the KSA in 2015. Many of the decisions that the king has made indicated that he was paving the way for his son to be seated during his lifetime, according to political science professor Hassan Nafaa.

He orchestrated the recent decisions to cut diplomatic ties with Qatar, Nafaa explained to Daily News Egypt, as Saudi Arabia announced that it decided to cut ties and all transportation means through land, sea, and air with Qatar because of reasons related to Saudi national security and to protect it from terrorism and extremism, according to an official statement.

Saudi Arabia accused Doha of supporting Shiite rebels in the eastern Saudi state of Al-Qatif and in Bahrain, in addition to supporting the Houthi group in Yemen, according to the statement, which added that all these groups are backed by Iran.

Bin Salman was also the man responsible for the war in Yemen, a decision which reflected one of the very few times the KSA chose the military intervention option, Nafaa said, explaining that the new crown prince represented “bold” direction of KSA policies.

In March 2015, Saudi Arabia conducted air-strikes within Yemen, targeting areas controlled by the Houthis, including the capital Sana’a, to re-establish the “legitimacy” of the government of president Abd Rabbuh Mansour Hadi, who was the Saudi-recognized ruler of Yemen.

The prince made some controversial statements during a recent televised interview, in which he said, “We won’t wait for the battle to be in Saudi Arabia; instead, we will work so that the battle is for them in Iran, not in Saudi Arabia.”

Furthermore, Nafaa explained the US-approval of elevating Bin Salman as crown prince, saying “it was obvious that Obama’s administration trusted Nayef’s experience in combating terrorism, but now the case has changed, and it is clear that Trump approved Salman’s promotion during his recent visit to Riyadh.”

Bin Salman met with United States president Donald J. Trump in March 2017, a meeting which Saudi officials described as “a historical turning point in relations between both countries,” according to Reuters.

Although Trump expressed his support of the decision by Gulf countries to cut ties with Qatar, the US state department said that the KSA “may have provoked a crisis and drawn in the United States on false pretenses,” The Washington Post reported.

Nevertheless, cutting diplomatic ties with Qatar was a decision that several countries in the region made earlier in June, including the United Arab Emirates (UAE) and Egypt. Nafaa predicted that KSA’s bilateral relations will grow even closer with the former.

Meanwhile, Egypt’s president Abdel Fattah Al-Sisi asserted the strength of relations between his country and the KSA in different fields on Wednesday, during a congratulatory telephone conversation with the new crown prince Bin Salman.

Although ties between the two countries are now stable, Egypt and Saudi Arabia have suffered a phase of apathy. Observers of the region attributed the stressed ties to the countries’ different views on the conflicts in Syria, as well as the legal and judicial obstacles impeding the transfer of ownership of the Tiran and Sanafir islands to the kingdom.

In April 2016, President Abdel Fattah Al-Sisi and Saudi King Salman bin Abdelaziz Al-Saud attended the signing ceremony of several cooperation agreements in various fields, according to the State Information Services (SIS). “Prime Minister Sherif Ismail and Saudi Deputy Crown Prince Mohamed bin Salman bin Abdelaziz signed an agreement on maritime border demarcation between Egypt and Saudi Arabia,” read the statement.

“This was a gift presented to Mohamed Bin Salman. It was noticeable that he was the one who signed the agreement, although Nayef should have been the one to sign it… so it was planned to express his power,” Nafaa explained.

In an interview with Saudi channel Al-Arabiya, Bin Salman asserted that the two islands of Tiran and Sanafir belong to Saudi Arabia. “Tiran and Sanafir are recorded as Saudi islands in the Egyptian, Saudi, and international records,” he said.

The islands of Tiran and Sanafir are located in a strategic location at the southern tip of the Gulf of Aqaba, controlling the movement through the Gulf.

“All of these decisions are part of a framework to justify his promotion to crown prince of Saudia Arabia,” Nafaa said about the 31-year-old prince, who is described as “making a more powerful case for KSA than any Saudi official had done before,” by Foreign Affairs magazine, and “shattering decades of tradition in the royal family,” by the New York Times for the power he had even before rising to crown prince of the KSA.


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Daily News Egypt http://dailynewsegypt.com <![CDATA[MCDR spends EGP 72m for its general assembly in May]]> https://dailynewsegypt.com/?p=629932 2017-06-21T17:46:59Z 2017-06-21T17:46:59Z Member of the board of directors of Misr for Central Clearing, Depository and Registry company (MCDR), Awny Abdel Aziz,  told Daily News Egypt that his company spent EGP 72m in the form of profit distribution for the members of the general assembly in the last few months, as the profits of 2016. He said that …

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Member of the board of directors of Misr for Central Clearing, Depository and Registry company (MCDR), Awny Abdel Aziz,  told Daily News Egypt that his company spent EGP 72m in the form of profit distribution for the members of the general assembly in the last few months, as the profits of 2016.

He said that the profit distribution came after the approval of the assembly to distribute EGP 40 per share for 201

He added that the company’s capital is estimated at EGP 184.8m, distributed on 1.8 million shares with nominal value of EGP 100 per share. The distributed coupon is EGP 40, in addition to 15% bonus for employees, and 8% for the directors’ board.

Banks, which are members of central depository, own 50% of the shares of the company’s capital, in addition to 45% for companies working in the field of securities, and 5% for the Egyptian stock exchange.

The revenues achieved by the company reached EGP 136.6m, compared to EGP 104.49m, with a 20% increase. Last year the company collected payable revenues worth EGP 91.7m compared to EGP 68m, in addition to EGP 145.45m investment revenues, and other revenues estimated at EGP 32.6m.

The company’s net profit grew by 599% to reach EGP 173.92m compared to EGP 108.9m in 2015. The two activities of depositing and central registry represented 76% of the company’s net profits, worth EGP 133.42m. The settlements guaranteed that funds would achieve an increase of EGP 40.4m compared to the previous year where the guarantees reached EGP 24.6m.

MCDR seeks to signs two new agreements with the capital markets of Dubai and Oman this year after increasing its capacity to 17 terra.

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Elsayed Solyman <![CDATA[Naftogaz reportedly failed to sell its Egyptian assets]]> https://dailynewsegypt.com/?p=629961 2017-06-21T17:42:54Z 2017-06-21T17:42:54Z The Ukrainian company couldn’t find an investment bank to advise on finding potential buyers

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Ukrainian oil and petrol company Naftogaz has reportedly failed to find an investment bank to advise on selling its Egyptian assets, Russian Interfax news agency reported.

The company has annulled the second round of bidding, as less than two bids were submitted.

According to a report in the ProZorro e-procurement system, only E&Y LLC took part in the bidding.

The expected cost of the deal is around $1.5 million. The services were to be delivered before 31 December, 2018.

The company planned to select the winner of the bids, taking into account the price and the number of finalized M&A deals in the oil and petrol sector in European countries, the Middle East, and North Africa in the past five years.

Naftogaz board chairperson Andriy Kobolev said at the end of 2016 that the holding is mulling how to sell its assets in Egypt, as this business does not bring a large profit due to oil price drops.

Naftogaz, through its subsidiary Zakordonnaftogaz, explores and operates two oil and petrol blocks in the southeastern desert of Egypt: Wadi El Mahareeth and Wadi El Mahareeth.

Work on these deposits, the projected resources of which exceed 360 million tonnes of oil, is carried out on the basis of concession agreements signed on 7 February 2012 between Zakordonnaftogaz on behalf of Naftogaz and the government of the Arab Republic of Egypt and the GANOPE state oil company.

In 2015, the company increased production of oil and condensed it in Egypt by 20.7% compared to 2014, to 318,000 tonnes (2.33 million barrels).

Commercial petrol production was 192 million cubic metres, which is 4.8 times more than in 2014.

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Deutsche Welle <![CDATA[Ronaldo goal puts Portugal past hosts Russia]]> https://dailynewsegypt.com/?p=630008 2017-06-23T13:28:31Z 2017-06-21T17:41:00Z The post Ronaldo goal puts Portugal past hosts Russia appeared first on Daily News Egypt.

Tax allegations or no, Cristiano Ronaldo delivered the goods early as Portugal bested Russia in their Confederations Cup game. With their first win, Portugal leapfrog Russia in Group A.Russia 0 – 1 Portugal
(Ronaldo 8′)
Spartak Stadium, Moscow

Portugal took the lead in Group A on Wednesday evening in Moscow thanks to a goal from 32-year-old Cristiano Ronaldo. The match may have proved a welcome distraction for the four-time world player of the year, who’s being investigated in Spain for possible tax fraud.

Ronaldo rose to meet a cross from the left from Borussia Dortmund’s Raphael Guerreiro, heading the ball back across veteran Russian keeper Igor Akinfeev. For Akinfeev, his 100th international appearance would not end in a win.

Akinfeev did come to Russia’s rescue soon after the break, denying Adrien Silva’s short-range header. Ronaldo had other chances in the second period, including a header stopped by Akinfeev and a shot he blasted over the Russian bar.

Portugal move in front of Russia in the group, with 4 points from their pair of group games.

In a potential blow for Dortmund, Guerreiro was stretchered off in the second period.

“Raphael was just taken to the hospital,” Portugal coach Fernando Santos said after the game. “We suspect a possible ankle fracture.”

Mexico 2 – 1 New Zealand
(Jimenez 54′, Peralta 72′ – Wood 42′)
Fisht Stadium, Sochi

Mexico launched a second-half comeback to survive a serious scare against New Zealand. Tensions frayed in the game, which ended in an on-pitch brawl requiring a 5-minute review by the video assistant referee, but resulting only in yellow cards for three of the ringleaders.

The root of the animosity lay in the first half. Chris Wood took a shot at goal while Mexican defender Carlos Salcedo was on the ground injured, following a tangle with Wood. Mexico’s coach Juan Carlos Osorio took particular exception to this, berating Wood himself from the dugout.

The New Zealand and Leeds United striker proceeded to put his side in front shortly before the break, and could have doubled his tally before half time.

With Javier Hernandez on the bench, Raul Jimenez, Oribe Peralta and Juergen Damm led the line for El Tri.

Jimenez and Peralta both found the net as Mexico turned the tie and held their narrow lead.

Wednesday’s games put Mexico and Portugal in the driver’s seat in the Group A battle to reach the semifinals. Both sides have 4 points after two games, and both would be guaranteed to progress with just a draw in their final group stage match. Mexico will face hosts Russia (on 3 points), while Portugal are yet to take on New Zealand,who are mathematically eliminated after the defeat to Mexico.

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Mohamed Samir <![CDATA[Nasr, Indian ambassador discuss increasing India’s investments in Egypt]]> https://dailynewsegypt.com/?p=629933 2017-06-21T17:35:51Z 2017-06-21T17:35:51Z Egypt can benefit from Indian expertise to build the capacity of government cadres

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Minister of Investment and International Cooperation Sahar Nasr held a meeting at the headquarters of the ministry with Sanjay Bhattacharyya, India’s ambassador to Egypt, in order to strengthen both countries’ ties and increase cooperation with Egypt’s development partners, according to a press statement on Wednesday.

Nasr expressed hope that the coming period would witness a strengthening and deepening of relations between the two countries and open new horizons for cooperation.

The two sides discussed increasing Indian investments in Egypt and expansion in the Egyptian market. Nasr explained the incentives included in the New Investment Law, as well as the ministry’s plan to complete the comprehensive investment map. The map will include investment opportunities in various parts of the country that Indian investors can invest in, including major national projects, such as the axis of the development of the Suez Canal and the New Administrative Capital.

The two sides discussed how Egypt can benefit from Indian expertise to build the capacity of government cadres in the field of investment in order to develop the necessary services and facilities for investors.

Moreover, the Indian ambassador reviewed the developments of the technological excellence centre project, which is expected to start with Al-Azhar University next August, using Indian technological equipment.

The two sides discussed scholarships and training courses provided by the Indian government through the Technical Cooperation Program (ITEC), where 160 Egyptian workers in the governmental system are scheduled to receive short-term training programmes in India in the areas of the governmental administration, public policy, and information technology.

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