80 countries participate in Ministerial Roundtable

FMF strengthens the Kingdom’s leadership in enabling the Super Region to contribute to the metals industries of the future

RIYADH, Saudi Arabia, Jan. 02, 2024 (GLOBE NEWSWIRE) — The Future Minerals Forum (FMF) announced today that its Ministerial Roundtable, due to be held on 9 January 2024, ahead of the third edition of the Forum, is set to break attendance records. Of the eighty countries so far confirmed to attend, more than forty-five will be sending ministers to take part in discussions with stakeholders in this one meeting, in addition to 20 official international organizations, 30 non-governmental organizations and 13 business associations.

As the highest level gathering on minerals in the world, the Roundtable represents a historic turning point for the global mining and metals sector, the contribution of the Super Region extending from Africa to West and Central Asia, and the Kingdom’s leadership role in this sector and region.

The Ministerial Roundtable is a government-led multi-stakeholder initiative created by Saudi Arabia to enhance international cooperation on producing critical minerals involved in transforming the energy sector. The meeting comes when the mineral sector faces unprecedented challenges driven by the increasing demand for energy transition minerals and metals, where all countries are racing to secure stable supply chains.

Furthermore, the Ministerial Roundtable promotes the importance of collaboration to address this anticipated global challenge.

H.E. Vice-Minister for Mining Affairs, Khalid Al-Mudaifer, highlighted that the number of ministers who had confirmed their attendance at the Roundtable reflects the political and economic weight of the Kingdom and the increasing importance of minerals in recent years, this level of attendance demonstrates that FMF has established itself as a leading global platform for shaping the future of minerals. H.E. stated, “High-level government representation, from countries producing and consuming minerals, means that governments from across the world are now aware of minerals’ importance, as they seek to secure reliable supply chains for them. This is especially relevant to the strategic minerals that are essential to energy transformation programs and projects, and related industries.”

The Roundtable will include discussion of the competition that the metals market is witnessing at international level and how to create room for countries, in the midst of this competition, to reach agreement between themselves.

Media Contact:
Omar Shereen
Omar.shereen@fleishman.com
+966 50 663 0489

GlobeNewswire Distribution ID 1000906717

‫ينعقد في الرياض في 9 يناير القادم بحضور 80 دولة: رقم قياسي للوزراء المشاركين في الاجتماع الوزاري الثالث للوزراء المعنيين بشؤون التعدين

مؤتمر التعدين الدولي يعزز قيادة المملكة لتمكين منطقة التعدين الكبرى من المساهمة في صناعة معادن المستقبل

الرياض، المملكة العربية السعودية،, Jan. 02, 2024 (GLOBE NEWSWIRE) —

أكد بيان صحفي لوزارة الصناعة والثروة المعدنية أن الاجتماع الوزاري الدولي الثالث للوزراء المعنيين بشؤون التعدين سوف يشهد تمثيلًا غير مسبوق من حيث عدد الوزراء المشاركين فيه؛ حيث من المنتظر مشاركة أكثر من 80 دولة أكدت مشاركتها في هذا الاجتماع حتى الآن، منها 45 دولة ممثلة برتبة وزير، بالإضافة إلى 20 منظمة دولية رسمية، و30 منظمة غير حكومية و13 اتحادا للأعمال.

وتعد هذه المشاركة قياسية بالنظر إلى التقاء الوزراء المعنيين بشؤون التعدين مع أصحاب المصلحة في اجتماع واحد، ما يمثل، بحسب بيان الوزارة، منعطفاً تاريخياً لقطاع التعدين والمعادن العالمي ومساهمة منطقة التعدين الكبرى الممتدة من أفريقيا إلى غرب ووسط آسيا، والتأكيد على دور المملكة القيادي في هذا القطاع وهذه المنطقة.

ويهدف الاجتماع الوزاري الدولي الثالث، الذي ينعقد في 9يناير2024 في الرياض، ويتفرد مؤتمر التعدين الدولي بانعقاده، إلى تعزيز التعاون الدولي حول إنتاج المعادن الاستراتيجية التي تدخل في تحول قطاع الطاقة القطاعات التقنية الحديثة، وتسليط الضوء على إمكانات المنطقة التعدينية الكبرى، من خلال النقاش وتبادل الأفكار والخبرات بين ممثلي الحكومات من الوزراء والمسؤولين رفيعي المستوى والمنظمات الدولية في الأمم المتحدة والاتحادات التجارية والأعمال لمنتجي المعادن وكذلك المنظمات غير الحكومية المهتمة بالاستدامة والتنمية المجتمعية، لوضع أسس التنمية المستدامة لصناعة المعادن في العالم، واستغلال إمكانات المنطقة الهائلة، بالإضافة إلى بناء القدرات وجعل صناعة المعادن محركًا رئيسًا لتحقيق التطور الاقتصادي والاجتماعي عالميًا.

وفي تصريح لمعالي نائب الوزير لشؤون التعدين، المهندس خالد المديفر، أكد على أن عدد الوزراء الذين أكدوا حضورهم للاجتماع يعبر عن الثقل السياسي والاقتصادي للمملكة وينم عن الأهمية المتزايدة للمعادن في السنوات الأخيرة، ويدل هذا الحضور الكبير على أن مؤتمر التعدين الدولي رسخ مكانته باعتباره منصة عالمية رائدة لتشكيل مستقبل المعادن، كما أن وجود تمثيل حكومي رفيع المستوى، من الدول المنتجة والمستهلكة للمعادن، يعني أن جميع الحكومات من مختلف دول العالم باتت تدرك ما تكتسبه المعادن من أهمية في الوقت الحاضر، حيث تسعى الدول إلى تأمين سلاسل توريد موثوقة للمعادن، لاسيما المعادن الاستراتيجية التي تدخل في برامج ومشاريع تحول الطاقة والصناعات المرتبطة“.

وأضاف معاليه أن منطقة التعدين الكبرى لديها القدرة بأن تمد العالم بالمعادن اللازمة لازدهاره ونموه، حيث من المنتظر أن تلعب دوراً رئيساً في توفير ما يقدر بنحو 3 مليارات طن من المعادن الاستراتيجية اللازمة لإنشاء البنية اللازمة التي يحتاجها العالم لتحقيق أهداف الحياد الصفري من الانبعاثات.

ومن ضمن ما سيناقشه الاجتماع القادم المنافسة التي يشهدها سوق المعادن على المستوى الدولي وإفساح المجال بين الدول، في خضم هذه المنافسة، للتعاون فيما بينها باعتبار أن ذلك هو السبيل الوحيد لتوفير ما تحتاجه كافة دول العالم من المعادن، في الوقت الذي يمكن للبلدان المنتجة، من خلال هذا التعاون، خلق قيمة محلية عالية من مواردها المعدنية تدفع بمجتمعاتها إلى مزيد من التطور والازدهار.

وفي هذا السياق سيتم النظر، خلال الاجتماع، في الخطوات التي تم اتخاذها لتحويل المناقشات إلى منطلقات عملية على أرض الواقع عبر المبادرات الأربع الرئيسة التي تم تحديدها في الدورة السابقة من الاجتماع الوزاري، والتي اشتملت على وضع مبادئ لإنشاء إطار تعاون دولي للمعادن الاستراتيجية، وتطوير مراكز إقليمية للتميز للمساعدة في بناء القدرات، وبناء أطر بيئية ومجتمعية ومقاييس شفافة للتأكد من الاستفادة الكبرى للمنطقة من النمو المتوقع في استخراج وإنتاج المعادن، وإنشاء مراكز لتصنيع المعادن الخضراء في المملكة وفي المنطقة تقوم في أعمالها على تسخير تقنيات الطاقة النظيفة.

يذكر أن مؤتمر التعدين الدولي الذي تبدأ جلساته وفعالياته خلال الفترة من 10-11 يناير المقبل، هو تجمع عالمي لمناقشة مستقبل المعادن ومستقبل التعدين في العالم وكيفية زيادة مساهمة المنطقة الكبرى، التي تمتد من أفريقيا إلى غرب ووسط آسيا. وسيشارك في جلساته، هذا العام، 220 متحدث من بينهم كبار الرؤساء التنفيذيين لأكبر شركات التعدين والشركات ذات العلاقة بقطاع المعادن والتمويل. ومن المتوقع حضور ما يقارب 13 ألف مشارك في المؤتمر.

للتواصل:

عمر شيرين

Omar.shereen@fleishman.com

+966 50 663 0489

GlobeNewswire Distribution ID 1000906717

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages National Instruments Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – NATI

NEW YORK, Jan. 01, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of common stock of National Instruments Corporation (NASDAQ: NATI) between May 25, 2022 and January 17, 2023, both dates inclusive (the “Class Period”), of the important January 29, 2024 lead plaintiff deadline.

SO WHAT: If you sold National Instruments common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the National Instruments class action, go to https://rosenlegal.com/submit-form/?case_id=20784 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 29, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false statements and/or omitted material information that artificially deflated the price of National Instruments common stock. The lawsuit alleges that at the time that National Instruments was repurchasing National Instruments stock, defendants knew that National Instruments had received a formal acquisition offer from Emerson Electric Co. Accordingly, National Instruments had an obligation to disclose that it had received a formal acquisition offer from Emerson or abstain from purchasing National Instruments stock from unsuspecting investors.

To join the National Instruments class action, go to https://rosenlegal.com/submit-form/?case_id=20784 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9010696

ROSEN, A LEADING LAW FIRM, Encourages Li-Cycle Holdings Corp. Investors with Losses to Secure Counsel Before Important January 8 Deadline in Securities Class Action – LICY

NEW YORK, Jan. 01, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Li-Cycle Holdings Corp. (NYSE: LICY) between June 14, 2022 and October 23, 2023, both dates inclusive (the “Class Period”), of the important January 8, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Li-Cycle securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Li-Cycle class action, go to https://rosenlegal.com/submit-form/?case_id=20300 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 8, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Li-Cycle’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) Li-Cycle’s Rochester Hub was experiencing escalating construction costs; (2) these “escalating construction costs” exceeded the expected aggregate cost of the project; (3) as a result, Li-Cycle would be forced to temporarily halt construction and reevaluate the construction strategy for the Rochester Hub; and (4) as a result of the foregoing, defendants’ positive statements about Li-Cycle’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Li-Cycle class action, go to https://rosenlegal.com/submit-form/?case_id=20300 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9010715

BCLI FINAL DEADLINE TOMORROW: ROSEN, A TOP RANKED LAW FIRM, Encourages Brainstorm Cell Therapeutics Inc. Investors with Losses in Excess of $500K to Secure Counsel Before Important January 2 Deadline in Securities Class Action Filed by the Firm – BCLI

NEW YORK, Jan. 01, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) between August 15, 2022 and September 27, 2023, both dates inclusive (the “Class Period”), of the important January 2, 2024 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Brainstorm Cell securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Brainstorm Cell class action, go to https://rosenlegal.com/submit-form/?case_id=19375 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 2, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Brainstorm Cell downplayed the severity of the U.S. Food and Drug Administration’s (“FDA”) refusal to file letter; (2) Brainstorm Cell continued to conceal the risks associated with the submission of the biologics license application (“BLA”); and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Brainstorm Cell class action, go to https://rosenlegal.com/submit-form/?case_id=19375 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9010751

TOP RANKED ROSEN LAW FIRM Encourages ChargePoint Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CHPT

NEW YORK, Jan. 01, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of ChargePoint Holdings, Inc. (NYSE: CHPT) between June 1, 2023 and November 16, 2023, both dates inclusive (the “Class Period”), of the important January 29, 2024 lead plaintiff deadline.

SO WHAT: If you purchased ChargePoint securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the ChargePoint class action, go to https://rosenlegal.com/submit-form/?case_id=20727 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 29, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) ChargePoint was experiencing higher component costs and supply overruns for first generation direct current (“DC”) charging products; (2) as a result, ChargePoint was likely to incur impairment charges; (3) as a result of the foregoing, ChargePoint’s profitability would be adversely impacted; and (4) as a result of the foregoing, defendants’ positive statements about ChargePoint’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the ChargePoint class action, go to https://rosenlegal.com/submit-form/?case_id=20727 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9010756

PM stresses importance of implementing decisions on controlling markets


Prime minister Mostafa Madbouli met, 2-12-2024, with Minister of Supply and Internal Trade Ali Al-Moselhi to follow up on the mechanisms for implementing market control decisions.

Madbouli underlined the importance of securing various commodities and following up the implementation of recent decisions on controlling markets and pinpointing seven.

Source: State Information Service Egypt

Egypt’s membership in BRICS to contribute to taking important decisions in future


Russian Ambassador to Egypt Georgy Borisenko asserted the importance of Egypt’s membership in BRICS which started in 2024.

Egypt will contribute to taking important decisions on developing the world in the future especially in the field of economy and coordination on its foreign policy, Borisenko said in statements on Tuesday 2/1/2024.

The member states of the bloc want to establish a multipole system to be more just instead of the single-pole system, he said, pointing out that the BRICS started using local currencies in trading and implementing economic development projects.

Using the local currencies will be useful to all the countries that joined BRICS recently including Egypt to solve the problem of hard currency, he said.

The BRICS member states are working on creating suitable circumstances for mutual investments with the countries, he said, adding that Egypt would get more investments and capitals from China, India and Russia.

He said that 2023 witnessed an intensified political dialogue between
Egypt and Russia, adding that there is continuous dialogue between the foreign ministers of both countries.

The Russian investments in Egypt are estimated at 4.5 billion dollars in addition to 7 billion dollars expected to flow into the industrial zone investments, he said.

The trade exchange between both countries reached 6.1 billion dollars in 2022, he said, adding that it would reach 7.2 billion dollars by the end of 2023.

On tourism, he said that the number of Russian tourists who spent their vacations in Egypt reached 1.5 million tourists by the end of 2023, adding that 18 daily flights between the Russian cities and the resorts in Egypt.

Source: State Information Service Egypt

Parl’t approves green hydrogen draft law


House of Representatives Speaker Hanafy el Gebaly on Tuesday 2/1/2024 praised President Abdel Fattah El Sisi’s directives during the UN Climate Change Conference (COP27), which took place in Egypt’s Sharm El Sheikh city, towards localising the projects of green hydrogen and its derivatives.

The move seeks optimisation of energy alongside luring both direct and indirect foreign investments in this vitals domain.

The development of green hydrogen projects aims to promote the participation of the private sector in serving the society and national economy, the speaker said while addressing a parliamentary session held ahead of debating a draft law submitted by the government on incentives of green hydrogen projects and its derivatives.

The bill falls within the framework of state’s continued encouragement of investments and supporting competitiveness as well as its commitment to Article (32) of the constitution which stipulates utilization of renewable energy resources and stimulating investing in them, Gebal
y said.

Source: State Information Service Egypt

El Arish Airport receives Pakistani aircraft carrying 20 tonnes of aid for Gazans


El Arish International Airport received on Tuesday 2/1/2024 a Pakistani aid aircraft sent to the Palestinians in the Gaza Strip.

The aircraft is loaded with 20 tonnes of food and medical supplies, said Khaled Zayed, the head of the North Sinai branch of the Egyptian Red Crescent.

He added that Pakistan provided over 200 tonnes of humanitarian and medical assistance to the Palestinians in the Gaza Strip

Source: State Information Service Egypt

Dollar Price Stable at Start of Tuesday’s Transactions


The dollar exchange rate was stable at the start of Tuesday’s transactions, the 2nd of January 2024, at Egypt’s major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buying and EGP 30.85 for selling.

At the Commercial International Bank (CIB), the dollar exchange rate recorded EGP 30.85 for buying and 30.95 for selling.

Source: State Information Service Egypt

Ministry of Labour: Applying Minimum Wage Rate in Private Sector at Directives of President El-Sisi


Spokesman for the Ministry of Labour Abdel Wahab Khedr asserted that a decision to apply the minimum wage rate in the private sector to become 3,500 per month instead of 3,000 is in line with directives of President Abdel Fattah El Sisi.

The decision is meant to offer care and support for workers, Khedr said in a phone-in with Egypt’s Channel One Tuesday.

Source: State Information Service Egypt