logo
Renewed Fire at Ramses Central in Cairo Quickly Contained, Officials Say

Renewed Fire at Ramses Central in Cairo Quickly Contained, Officials Say

Taarek Refaat
A limited fire broke out Friday at the Ramses Central exchange building in downtown Cairo, reigniting concerns just days after a major blaze paralyzed one of Egypt's primary telecommunications hubs. Authorities confirmed the renewed fire was quickly extinguished and was a residual effect of Monday's catastrophic incident.
Firefighters responded promptly to the scene and brought the situation under control before the flames could cause further structural damage or disrupt newly restored services. No injuries have been reported.
According to officials, the fresh flare-up was sparked by smoldering debris left behind from the earlier fire, which burned for nearly 18 hours earlier this week. That initial blaze knocked the Ramses Central completely offline, disrupting fixed-line internet, landline, and mobile services, as well as financial transactions including ATMs and e-payments. Air travel and banking services also experienced temporary interruptions.
Following the shutdown, authorities redirected some telecom operations to the nearby Rod El Farag Central. While several services have resumed, the government said full network normalization is expected within hours.
The Ramses Central remains one of Egypt's most vital telecom infrastructures, and the recurrence of fire—however limited—has triggered fresh calls for comprehensive inspections and improved safety protocols.
A formal investigation into the cause of the initial fire and the delayed extinguishment is ongoing.
read more
CBE: Deposits in Local Currency Hit EGP 5.25 Trillion
Morocco Plans to Spend $1 Billion to Mitigate Drought Effect
Gov't Approves Final Version of State Ownership Policy Document
Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister
Qatar Agrees to Supply Germany with LNG for 15 Years
Business
Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves
Business
Suez Canal Records $704 Million, Historically Highest Monthly Revenue
Business
Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday
Business
Wheat delivery season commences on April 15
News
Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
News
"Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
News
Flights suspended at Port Sudan Airport after Drone Attacks
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
Arts & Culture
Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt gold exports surge by 194% to $3.93 bln in H1 2025
Egypt gold exports surge by 194% to $3.93 bln in H1 2025

Al-Ahram Weekly

time4 hours ago

  • Al-Ahram Weekly

Egypt gold exports surge by 194% to $3.93 bln in H1 2025

Egypt's gold and precious metals exports surged by 194 percent year-on-year in the first half (H1) of 2025 to a record $3.93 billion, compared to $1.34 billion in the same period of 2024, according to a statement by Ehab Wassef, head of the Gold and Precious Metals Division at the Federation of Egyptian Industries. Wassef, citing a report by the Gold and Precious Metals Division, stated that the UAE remained Egypt's top export destination, accounting for $3.2 billion in jewellery, gemstones, and gold imports during the first six months of 2025. Switzerland followed with $705 million, trailed by Canada ($6.3 million) and Turkey ($5.3 million), and then Lebanon, Italy, and Saudi Arabia. 'This historic jump reflects a major shift in the local gold industry and its fast adaptation to global dynamics,' Wassef added. He attributed the unprecedented growth to three key drivers. First, the soaring global demand for gold, amid rising geopolitical instability and trade tensions, has prompted global markets to view gold as a haven. Second, improved design and manufacturing standards helped Egyptian products compete with international luxury brands in key markets. Third, the division participates in proactive global marketing efforts, with a focus on major trade fairs and exhibitions worldwide. Egypt targets top 10 global gold exporters' list by 2027 Wassef also noted that Egypt's ranking in global gold jewellery exports jumped from 94th in 2022 to 54th in 2023, with ambitions to break into the top 10 by 2027. He credited strong government support, particularly from the Ministries of Supply, Industry, Investment, and the Central Bank of Egypt (CBE), for enabling the industry's breakout performance. The CBE's decision to extend the repatriation period for export proceeds to 75 days also helped exporters by easing liquidity pressures and allowing greater flexibility in fulfilling foreign orders, he explained. Global and regional geopolitical tensions and Trump's new tariffs have driven gold prices to significant surges, which caused a local increase of gold prices by about 24 percent since the beginning of the year until mid-May 2025. Experts suggest that the upward trajectory in gold prices is likely to persist throughout 2025, as the precious metal continues to solidify its status as a safe-haven asset. With ongoing geopolitical unrest, trade tensions, and mounting economic pressures, global investors are turning to gold as a reliable store of value. This trend continues to fuel Egypt's record-breaking export performance. Follow us on: Facebook Instagram Whatsapp Short link:

Egypt launches ‘Maaki' initiative to train 1 million women in tech, entrepreneurship - Society
Egypt launches ‘Maaki' initiative to train 1 million women in tech, entrepreneurship - Society

Al-Ahram Weekly

time4 hours ago

  • Al-Ahram Weekly

Egypt launches ‘Maaki' initiative to train 1 million women in tech, entrepreneurship - Society

The initiative aims to economically and socially empower women, enhancing their ability to launch projects and pursue entrepreneurship, according to a statement issued by MSMEDA. Basel Rahmy, CEO of MSMEDA, affirmed the agency's commitment to expanding financial and technical services for women, especially in underserved rural areas, Upper Egypt, and border governorates. He noted that the initiative aligns with Prime Minister Mostafa Madbouly's directives to advance digital transformation and women's empowerment. According to MSMEDA, Maaki will enhance women's access to education and technology training, enabling them to benefit from the agency's services and start small enterprises, thereby contributing to economic development and community participation. Since July 2014, MSMEDA has invested EGP 17.9 billion in women-led projects, financing more than 918,000 small and micro-enterprises and creating over 1.2 million jobs nationwide, Rahmy added. Mohamed Abdallah, CEO of Vodafone Egypt and Regional CEO at Vodacom Group, described Maaki as a public-private partnership aimed at bridging the digital divide and empowering rural women—an essential step toward modernizing Egypt's countryside and integrating women into the digital economy. CARE Egypt, a key partner in the initiative, is part of a global movement to end poverty. Known for its focus on placing women and girls at the centre of its development work, the organization promotes equality, economic opportunity, and social justice. The launch of Maaki forms part of Egypt's broader national strategy to expand digital inclusion, foster innovation, and build a tech-skilled society. According to the Central Agency for Public Mobilization and Statistics (CAPMAS), women account for 52.2 million of Egypt's 107.3 million citizens, representing 48.6 percent of the total population.

Al-Mashat Discusses Efforts to Drive Green Transformation with Africa Finance Corporation and Infinity Power
Al-Mashat Discusses Efforts to Drive Green Transformation with Africa Finance Corporation and Infinity Power

See - Sada Elbalad

time6 hours ago

  • See - Sada Elbalad

Al-Mashat Discusses Efforts to Drive Green Transformation with Africa Finance Corporation and Infinity Power

Yara Sameh H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, held a meeting with Mr. Mokhtar Abul Ata, Head of Business Development for North Africa at Infinity Power, and Mr. Eli Aluko, Investment Director at AFC Asset Management, Affiliated with the Africa Finance Corporation, to discuss enhancing joint cooperation efforts to promote green transformation and develop sustainable infrastructure in Egypt. The meeting witnessed discussions on the Climate Resilient Infrastructure Fund launched by the Africa Finance Corporation (AFC) in collaboration with the Green Climate Fund (GCF), with the aim of implementing sustainable infrastructure projects and supporting development and climate action priorities, especially in the energy and transportation sectors. Africa Finance Corporation and Infinity Power officials presented the fund's financing structure and the efforts made in recent period to mobilize concessional financing and technical support for various beneficiary countries, as well as its role in providing funding for private sector companies to strengthen their role in developing climate-resilient infrastructure projects. For her part, H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, affirmed Egypt's keenness to maximize partnerships with international institutions and climate investment funds to provide more financing for sustainable infrastructure projects, in addition to expanding private sector participation in development. Dr. Al-Mashat highlighted the coordination carried out by the Ministry of Planning, Economic Development, and International Cooperation with various national entities and development partners to put these efforts into practice, explaining that Egypt was selected among seven countries to benefit from the Climate Investment Fund (CIF) program to reduce emissions in the industrial sector under the Climate Investment Fund (CIF), which is the first global concessional financing initiative dedicated to reducing harmful emissions in the industrial sector of developing countries, with a value of $1 billion. H.E. added that selection of Egypt as one of seven countries to benefit from the Climate Investment Fund (CIF) program for emission reduction in the industrial sector confirms the international community's confidence in national strategies and efforts to enhance climate action, noting that the selection represents an important step toward enhancing the competitiveness of the Egyptian economy and attracting more climate investments. H.E. Dr. Rania Al-Mashat directed the technical sectors to strengthen communication with AFC and Infiniti officials in order to identify the details of the new fund and study the necessary steps to enhance the Egyptian private sector's benefit from the financing available through the fund. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store