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Daily News Egypt
7 hours ago
- Business
- Daily News Egypt
MSMEDA signs EGP 30m financing agreement with ‘Flind' to support SMEs
The Medium, Small and Micro Enterprises Development Agency (MSMEDA) has signed a new EGP 30m financing agreement with Flind, a licensed digital non-bank financial institution, to expand support for small and medium-sized enterprises (SMEs) across Egypt. The agreement is funded by the World Bank through its Entrepreneurship Support for Job Creation project. The signing was witnessed by MSMEDA CEO Bassel Rahmy, and formalized by Osama Bakry, Head of the Central SME Financing Sector at MSMEDA, and Ahmed Zaky, Managing Director of Flind. Also in attendance were Mohamed Medhat, Deputy CEO of MSMEDA, along with senior representatives from both organizations. Rahmy emphasized that MSMEDA remains committed to increasing access to finance for SMEs in all governorates, particularly in industrial and production sectors. He noted that the agency is working to diversify financing channels—either through direct lending or via partnerships with intermediaries—to facilitate easier, broader access for business owners across the country. 'The agreement with Flind aims to support the development and expansion of existing SMEs by providing funding for growth, asset renewal, and productivity enhancement. It also helps create sustainable job opportunities, particularly for youth, women, and recent graduates,' Rahmy said. The financing package will offer loans starting at EGP 100,000 and reaching up to EGP 5m, tailored to project requirements. Flind's Managing Director Ahmed Zaky expressed his enthusiasm for partnering with MSMEDA, highlighting the importance of using advanced digital tools to deliver fast, fair, and flexible financing to SMEs. He added that Flind is the first licensed digital non-bank financial institution by the Financial Regulatory Authority (FRA) dedicated to SME financing. Zaky stated that Flind aims to inject EGP 1bn into the SME sector during its first year of operations, focusing primarily on short-term loans. 'Through simplified digital procedures and an inclusive financing model, we're working to close the funding gap that still limits SME growth in Egypt,' he said. This partnership marks a significant step toward digitalizing SME finance and promoting economic development through targeted support for small businesses—key drivers of employment and production in Egypt.
Daily Mirror
6 days ago
- Science
- Daily Mirror
'Horrifying' 5,000-year-old manuscript found in Egyptian tomb predicts future
The 5,000-year-old manuscript was discovered in an Egyptian tomb and is believed to hold knowledge about the origins of humanity and potentially serve as a prophecy A 5000 year old manuscript discovered in an Egyptian tomb is filled with enigmatic messages, leading scholars to believe the ancient civilisation was predicting catastrophic events that could end civilisation and speculating about the cosmic significance of the universe. The book, which is allegedly connected to the mythical Book of Enoch, contains supposed knowledge about the origins of humanity and information that could serve as a prophecy, according to Medium. Archaeologists found the manuscript sealed within a deep Egyptian tomb, with workers coming across the manuscript near the historic burial grounds in Saqqara during an archaeological excavation. However, experts regard it as a significant breakthrough in archaeology containing a deeply disturbing message. The artefact predates major Egyptian dynasties and features both hieratic and early hieroglyphic writing, puzzling experts in the field. The specialised symbols in this ancient document are proving difficult for modern-day scientists to decipher. However, researchers are confident the writings contain at least one terrifying truth. This is the assertion that humans are at the mercy of hidden cosmic powers guiding them through an inevitable cycle of fate, reports the Mirror US. The text warns that dishonourable people may face a grim fate beyond death and their eternal rest could be anything but peaceful. It also claims that every human action plays a role in determining our destiny. The sensational find, complete with ancient Egyptian artefacts like the haunting skulls of mummified corpses and enigmatic energy patterns, has left modern-day scholars transfixed – especially by the "screaming mummy" with its terrifying visage. This revelation could unlock secrets of how Ancient Egyptian societies functioned and crucial human survival tactics. Full of cautionary tales about bygone calamities, the book bristles with hidden symbology and secret missives warning of impending doom should historical trends continue unchecked. As per the manuscript, we're on course to emulate dictating cycles foretold by the Ancient Egyptians, experts in cosmic understanding – a stark alert against neglecting such wisdom. These ancestral admonitions resonate through the ages, imploring us to break free from our self-destructive ways or face dire consequences. Our species seems doomed to replicate errors that could spell our undoing, all flagged within this ancient script. By turning a blind eye, history may well repeat itself to devastating effect. Meanwhile, research into this groundbreaking find forges ahead, with advanced technology like state-of-the-art imaging and AI translation unveiling fresh clues that could offer unprecedented glimpses into this enigmatic document. The discovery of new data could completely change our understanding of prehistoric human societies, including their religious and philosophical beliefs. Any discovered manuscripts related to this subject could reveal hidden knowledge, potentially leading to significant changes in our understanding of history.
The Hill
15-06-2025
- Politics
- The Hill
Some free commonsense advice for Democrats about winning back men
You don't need a Ph.D. in sociology to know that there is one group in America you can mock, smear and stereotype with impunity — without facing cancelation, outrage or any serious blowback. That group? Men. For years now, we've been told that men suffer from 'toxic masculinity.' We are accused of 'mansplaining,' assumed to be 'racists,' 'sexists' and God knows what else. At some point, 'man' became a four-letter word. I bring this up because Democrats are now planning to spend $20 million trying to win back male voters they lost in 2024. The initiative is called 'SAM' — short for 'Speaking with American Men: A Strategic Plan.' Here's a free tip for the strategists: If you want to win back men, maybe start by telling your cultural allies to stop calling them bigots. Case in point: On 'The View,' host Joy Behar suggested that instead of spending $20 million to win back male voters, Democrats should use the money to teach 'men not to be such sexists.' Imagine if a man had said something like that about women? You can't even tell a lame joke about women drivers anymore without risking cancelation. But label men 'sexists' on national television? That's comedy gold. Then there's the DNC's own website, with its long list of 'Who We Serve.' It includes: African Americans, Asian Americans and Pacific Islanders, Latinos, gay, lesbian and transgender folks, seniors, veterans, union members and women. You get the picture, right? There's a group for everyone — except, curiously, men. Let's get this straight: Democrats want to win back men, but won't even acknowledge them on a list of who they serve? Brilliant strategy. Do men hold power in this country? Sure, some do. But what kind of power does a white, working-class coal miner in West Virginia have — just because he's a man? Or the blue-collar guy living paycheck to paycheck. How is he powerful? Memo to the cultural elite: Not all men are running Fortune 500 companies. A lot of them are just trying to keep the lights on. If Democrats truly want men back in the fold, they might want to stop treating them like a nasty virus nobody wants to get close to. Because right now, it sure doesn't look like men are welcome. Aaron Solis, writing on Medium, nailed it. 'Society — and feminists in particular — have decided it's perfectly acceptable to generalize men, but not women,' he wrote. 'If the roles were reversed, and men created equally negative, subjective terms to generalize women, the backlash would be overwhelming.' That's the kind of insight Democrats could have gotten for free — no need to spend $20 million. Post-elect surveys show that more than half of male voters under 30 backed Trump over Harris. That includes about 60 percent of white male voters, roughly one-third of Black male voters and about half of young Latino men. That's not a fluke. That's a warning sign. Yes, there are many reasons voters switch parties. It's never just one thing. But the way Democratic elites talk about men — the sneering, the stereotyping — definitely plays a role. And until they face up to that, no slick $20 million campaign is going to change the outcome. And if that sounds like 'mansplaining' — too bad! Bernard Goldberg is an Emmy and an Alfred I. duPont-Columbia University award-winning writer and journalist. He is the author of five books and publishes exclusive weekly columns, audio commentaries and Q&As on his Substack page. Follow him @BernardGoldberg.
Hi Dubai
12-06-2025
- Business
- Hi Dubai
ICBC Lists USD 1.72 Billion in Green Bonds on Nasdaq Dubai
Industrial and Commercial Bank of China (ICBC) has listed three green bond issuances worth a combined USD 1.72 billion on Nasdaq Dubai, reinforcing its leadership in sustainable finance and its commitment to the UAE capital market. The listings were made under ICBC's USD 20 billion Global Medium Term Note Programme through its branches in Dubai (DIFC), Hong Kong, and Singapore. The issuances include USD 1 billion floating rate notes by the Hong Kong branch, USD 300 million fixed-rate notes by the Singapore branch, and CNH 3 billion notes by the Dubai (DIFC) branch — all due in 2028. To mark the milestone, His Excellency Zhang Yiming, Ambassador of China to the UAE, rang the market-opening bell at Nasdaq Dubai, joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), and Liu Hua, General Manager of ICBC Dubai (DIFC). Liu emphasized the significance of the multi-currency, carbon-neutrality-themed bonds as a reflection of ICBC's strategic focus on sustainable development, particularly under the Belt and Road Initiative. With USD 5.6 billion in total outstanding bonds in the UAE, ICBC continues to expand its green finance footprint globally. Hamed Ali noted that the listings highlight Dubai's growing role as a global hub for sustainable finance, adding that Nasdaq Dubai remains committed to supporting responsible investment and innovation in capital markets. With this addition, Nasdaq Dubai's total debt listings have reached USD 136 billion, including USD 29 billion in ESG-related instruments — further cementing its position as a key platform for sustainable investment in the region. News Source: Dubai Media Office
India.com
12-06-2025
- Business
- India.com
India is not imposing a trade ban on Pakistan supporter Turkey due to..., even Erdogan will be unaware of this reason
India is not imposing a trade ban on Pakistan supporter Turkey due to..., even Erdogan will be unaware of this reason Even after Turkey openly supported Pakistan during Operation Sindoor, India has not taken any drastic step against the foe country. In fact, the government has adopted a very soft stance regarding trade. The reason for this is that India sells more goods to Turkey than it buys from it. In this way, India earns a profit of 2.73 billion dollars every year. When Turkish President Recep Tayyip Erdogan not only made statements in favour of Pakistan but also sent drones, every Indian was so angry that demands started rising to stop everything from tourism to trade with Turkey. Why is India not banning trade with Turkey? According to the report of The Indian Express, an official said that the government has received many applications demanding a ban on the import of goods from Turkey. He said that apple producers of Himachal Pradesh and marble traders of Udaipur have demanded a ban on importing goods from Turkey, but India has a trade surplus with Turkey, that is, India sells more goods to Turkey than it buys from there. The official said that if trade with Turkey was banned, it would be a strong geopolitical message, but it would depend on how far you want to take it. What does India-Turkey trade in? Another reason for continuing trade with Turkey is that the trade surplus includes industrial exports. Such as engineering goods, electronics, organic-inorganic chemicals, whose export has increased significantly in the last five years. On the other hand, if we talk about Turkey, India mainly imports fruits, dry fruits, gold and marble from it. However, apple traders and marble traders of Udaipur, angry with Turkey for supporting Pakistan during Operation Sindoor , had demanded a ban on imports from Turkey. In this regard, he had also written a letter to the Prime Minister's Office. In the last few years, Turkey had also increased the import of petroleum products, but in the financial year 2025, it saw a decline. How much did India and Turkey trade last year? According to official figures, Turkey imported goods worth $2.99 billion to India last year, out of which fruits and dry fruits worth $107.12 million were purchased. At the same time, gold worth $270.83 million was purchased in the financial year 2025, which was more than in 2024. In 2024, gold worth $104.56 million came from Turkey to India. Talking about India, exports worth $5.72 billion were made to Turkey in the financial year 2025, out of which 50 percent i.e. $3 billion was engineering exports. Micro, Small Medium Enterprises (MSME) exports accounted for 35-40 percent. According to this, India has sold more goods worth $2.73 billion than Turkey.
