3 killed, 11 injured in 2 New Valley road accidents

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Three people were killed on Friday and 11 others injured in two road accidents in the New Valley governorate.

The first was a microbus that rolled over at the kilometer 200 on Dakhla-Shark al-Owainat highway, killing three people. The driver lost control of the steering wheel causing the accident.

The second was another microbus rolling over on Cairo-Assiut western desert highway, injuring 11 people.
Legal claims were filed due to the two accidents and prosecutors were notified for investigation.

Edited translation from Al-Masry Al-Youm


Source  :  Egypt Independent

Magdy Yacoub to announce ‘breakthrough’ drug for heart failure Friday

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Doctor Magdy Yacoub will hold a press conference on Friday to announce the details of a new drug to treat heart failure, a cardiovascular disease that causes the death of about 17.5 million people worldwide each year.

The drug is produced by a Swiss company. The active material (sacubitril/valsartan) in the drug reduces the mortality rate of cardiovascular disease, and raises the cure rate for diseases related to heart failure.

The drug, called Entresto, was approved by the Food and Drug Administration in 2015 upon a study that included 8,000 clinical cases.

The results of the study indicated a reduction in mortality rates among drug users compared to other drugs.

The new drug, which will be introduced Saturday on the Egyptian market after it has been approved by the Ministry of Health, is prescribed to reduce the risk of dying from a cardiovascular disease. Patients suffering from myocardial infarction will not need to stay in hospitals for a long time and will rather take the new drug, which reduces the cost of their treatment by more than 60 percent.

The drug acts as an inhibitor of the angiotensin-converting enzyme, which increases arterial blood pressure and stimulates muscle contraction. The drug causes blood vessel relaxation, leading to lower blood pressure and treatment of congestive heart failure.

According to a statement by the Food and Drug Administration, the recommended dosage of the drug daily is two tablets. The price of the drug has not been yet announced on the Egyptian market.

Its price in the United States approaches the ceiling of US$460 – equivalent to about LE8000 – for a single package containing 60 tablets, enough for only one month.

Side effects of the drug include allergic reactions that may cause swelling of the face, lips, tongue, and throat and difficulty in breathing, as well as low blood pressure, which is one of the most common side effects of the drug. There’s a possibility of changes in kidney function as as result as well.

The conference will be held Friday at a Cairo hotel under the Magdi Yacoub Heart Foundation and the Egyptian Association for Care of Heart Failure Patients. Some of the world’s leading cardiologists and a delegation from the Swiss drug manufacturer will attend the event.

Edited translation from Al-Masry Al-Youm


Source  :  Egypt Independent

Egypt loses in UNESCO runoff vote to French candidate

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Egypt’s candidate for the post of Director-General of UNESCO, Moushira Khattab, lost the runoff vote to her French rival, who will run the final round against the Qatari candidate on Friday.

The French candidate, Audrey Azoulay, garnered 31 votes while Khattab gained 25 votes.

Egypt’s Permanent Mission to the UNESCO submitted an official complaint to UNESCO Director-General Irina Bokova on Friday over alleged violations during the election of the new director general, which began Monday, said Foreign Ministry spokesperson Ahmed Abu Zeid after Khattab’s loss.

The results of the fourth round of the UNESCO election were 22 votes for Qatar, 18 for Egypt and 18 for France, which required a runoff.

China and Lebanon withdrew earlier from the race after the third round.

Egypt’s candidate passed on Thursday the third round of the organization’s election held in Paris, France.

The Qatari and French candidates, Hamad bin Abd elaziz alKawari and Audrey Azoulay garnered 18 votes each, Khattab garnered 13 votes, China’s candidate Qian Tang 5 votes, and Lebanon’s Vera El Khoury Lacoeuilhe 4 votes.

The fifth round of voting is likely to be held for selecting the new director-general without the condition of obtaining an absolute majority. If votes are equal for both, the director general will be chosen through a lot.

Edited translation from Al-Masry Al-Youm


Source  :  Egypt Independent

Sisi inaugurates first phase of new Administrative Capital

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President Abdel Fattah al-Sisi along with the Prime Minister Sherif Ismail, Defense Minister Sidqi Sobhy, Housing Minister Mostafa Madbouly and Chief of Staff of the Egyptian Armed Forces Mahmoud Hegazy inaugurated the first phase of the new Administrative Capital on Wednesday morning.

The new Administrative Capital project and other projects will be recorded in history, Sisi said in a speech. He added that his aim is sustainable growth that is in line with the size of population growth.

Sisi criticized those criticizing the regime without being fully aware of Egypt’s budget, pointing out thar those who criticize should be “thoroughly informed and knowledgeable”.

“I am happy with criticism but from an informed, aware and knowledgeable people,” he said. “We are establishing a significant state,” he continued.

Sisi spoke about the new Administrative Capital saying the government is creating a new generation of cities that will meet all demands. He added that, “The green spaces in the new capital will take advantage of waste water”.

“Everything is a priority for us,” he said responding to criticism about the new capital, “Nothing that we have will be postponed,” he added.

“Although all indicators show great progress, I am telling you it is too early yet to say that we have made an achievement,” Sisi clarified.

“We just took the first step to build a modern state that respects itself and is respected by the world. Gaining the respect of others is not achieved through force but by planning,” he added.

Madbouly, meanwhile, said that for the first time in Egypt, infrastructure networks will be implemented in to the same standard as other global cities.

There will be no need to dig up the streets to establish infrastructure, as it will be built in tunnels, he added.

He specified that 25,000 housing units and villas are currently under construction in the new Administrative Capital that will suit different social classes.

According to Madbouly, the new Administrative Capital will include a city for arts and culture that will be completed in record time, in coordination with the Defense Ministry.

Edited Translation from Al-Masry Al-Youm


Source  : Egypt Independent

IMF expects Egypt’s growth to reach 5.3% in 2019

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The International Monetary Fund (IMF) expects Egypt’s growth rate to reach 5.3 percent with inflation falling to 13.5 percent by the end of 2019.

Inflation in Cairo is expected to fall to 23.5 percent by the end of this year and fall to 21.3 percent in 2018, and to 7.1 percent in 2022, the IMF said in its World Economic Outlook on Tuesday.

GDP growth is expected to record 6 percent.

The report was issued on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, which started today and continues until October 15, and in which Egypt participates with a high-level delegation including Sahar Nasr, Minister of Investment, Amr al-Garhy, Minister of Finance and Tariq Amer, the CBE Governor.

The recent global economic recovery may not last for long, despite the growth of economic activity in all Western countries except Britain, said Maurice Obstfeld, Chief Economist at the International Monetary Fund.

There is a danger that governments will be fooled by a false sense of security as markets thrive, he warned.

Rising asset prices, rapid credit growth in China, political unrest in Catalonia, and Britain’s exit from the EU pose a threat to improved prospects for global economy, Obstfeld said.

In its report, the International Monetary Fund predicted Canada would be the fastest growing economy in the G-7 this year, with a growth rate of 3 percent.

Edited translation from Al-Masry Al-Youm


Source  :  Egypt Independent

Khattab competes for UNESCO director-general position in second round elections

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Seven candidates competing for the post of director-general of UNESCO failed to obtain an absolute majority of votes during the first round of elections on Tuesday in Paris, France.

The Qatari Candidate, Hamad bin Abd elaziz alKawari, ranked first obtaining 19 votes before the French candidate, Audrey Azoulay, and the Egyptian candidate, Ambassador Moushera Khattab, who ranked second and third with 13 and 11 votes, respectively.

The fifth round of voting is likely to be held for selecting the new director-general without the condition of obtaining an absolute majority in case none of the candidates succeed in winning at least 30 votes.

Weekly French magazine, Jeune Afrique, wrote that 10 out of the 85 members of the UNESCO Executive Board visited Qatar after receiving a “princely” invitation. The magazine speculated that the Qatari candidate alKawari tried to gain support from the voting committee members by inviting them to Qatar.

The new director-general of UNESCO will be named on October 13. Then, 195 members in the General Conference will be appointed in view of recommendations from UNESCO’s Executive Board.


Source  :  Egypt Independent