In support of the steadfast Palestinian people in the Gaza Strip and in solidarity with their brave and honorable resistance, the Islamic Resistance carried out a number of operations against sites and positions of the “Israeli” enemy army along the Lebanese-Palestinian borders on Saturday, January 27, 2024, as follows:
– Eastern Sector:
1- At 10:15, Islamic Resistance fighters targeted a gathering of “Israeli” enemy soldiers south of Al-Abbad site with missile weapons, resulting in direct hits.
2- At 14:35, Islamic Resistance fighters targeted the command headquarters in Zibdeen Barracks in the occupied Lebanese Shebaa Farms with a Falaq-1 rocket, achieving a direct hits.
– Western Sector:
1- At 9:30, Islamic Resistance fighters targeted the deployment of “Israeli” enemy soldiers in the vicinity of Jal Al-Allam site with Burkan rockets, resulting in direct hits.
2- At 11:05, Islamic Resistance fighters targeted a gathering of “Israeli” enemy soldiers in the vicinity of Doviv Barracks with missile weap
ons, causing a direct hit.
3- At 11:50, Islamic Resistance fighters targeted Khirbet Ma’ar base with missile weapons, causing a direct hit.
4- At 14:45, Islamic Resistance fighters targeted the espionage equipment at Ras Al-Naqoura maritime site with appropriate weapons, achieving direct hits.
5- At 15:45, Islamic Resistance fighters targeted a gathering of “Israeli” enemy soldiers in the vicinity of Shomera Barracks with missile weapons, resulting in direct hits.
Source: National News Agency – Lebanon
?Egypt is poised to issue bonds denominated in the local currency (Hong Kong dollar) on the Hong Kong Stock Exchange, Minister of Finance Mohamed Maait said on Saturday 27/1/2024.
In addition to the bond issuance, the two parties have also agreed to sign an agreement to eliminate double taxation in 2024, Maait added during a meeting with Christopher Hui, Hong Kong’s minister of financial services and treasury, on the sidelines of the Asian Financial Forum in Hong Kong.
The meeting aimed at fostering stronger bilateral relations between the two sides and sharing valuable insights on navigating the challenges posed by global economic crises and geopolitical tensions.
Furthermore, Maait emphasized Egypt’s intention to leverage Hong Kong’s expertise in boosting investment inflows and attracting more Chinese investments.
This step forms part of Egypt’s broader plan to secure $100 billion in direct foreign investments between 2024 and 2030, besides increasing the private sector’s contribution to the economy fr
om 60 percent to 90 percent during this period.
Maait also highlighted the government’s pursuit of a diversified financing strategy, encompassing multiple markets, investors, and financing tools to address inflationary pressures and bridge the country’s financing gap.
According to the International Monetary Fund (IMF), Egypt is projected to face a financing gap of $17 billion by 2026, with an estimated range of $6 to $8 billion during the current fiscal year, which concludes in June 2024.
Egypt and China share a longstanding history of bilateral relations, dating back to the 1950s; the partnership between the two countries has seen a significant boost, particularly since Egypt’s invitation to join the BRICS in August 2023.
In October 2023, both countries signed a memorandum of understanding (MoU) for a debt swap to support development projects. Additionally, Chinese companies have expressed their intent to invest over $15 billion in renewable energy projects in Egypt.
Furthermore, Egypt issued in October
the first sustainable Chinese Panda bonds in the Middle East and North Africa, with a total value of ¥3.5 billion ($500 million) and a three-year yield of 3.5 percent.
Source: State Information Service Egypt
