Egypt Promotes New 100-Pound Banknote at COP27

View of a COP27 sign on the road leading to the conference area in Egypt's Red Sea resort of Sharm el-Sheikh town, Egypt October 20, 2022. REUTERS/Sayed Sheasha
View of a COP27 sign on the road leading to the conference area in Egypt's Red Sea resort of Sharm el-Sheikh town, Egypt October 20, 2022. REUTERS/Sayed Sheasha
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Egypt Promotes New 100-Pound Banknote at COP27

View of a COP27 sign on the road leading to the conference area in Egypt's Red Sea resort of Sharm el-Sheikh town, Egypt October 20, 2022. REUTERS/Sayed Sheasha
View of a COP27 sign on the road leading to the conference area in Egypt's Red Sea resort of Sharm el-Sheikh town, Egypt October 20, 2022. REUTERS/Sayed Sheasha

Egypt promoted a new 100-pound banknote during the 2022 United Nations Climate Change Conference (COP27). The banknote displays the logo of the COP27 and its name in both English and Arabic on one side, and the form of the 100 pounds on the other.

The banknote was launched by the Egyptian finance ministry, represented by the Public Treasury and Mint Authority, to mark the launching of COP27 in Sharm El Sheikh.

The Public Treasury and Mint Authority is partaking in an exhibition held at the ministry of finance’s pavilion, in the COP27’s Green Zone, to promote the Egyptian heritage, and to ensure taking part in such a high-level event, as an official body responsible for a wide collection of releases including medals, coins, and copper motifs that depict historic events, figures, and occasions.

Egyptian finance minister Mohamed Maait said releasing a 100-pound commemorative banknote highlights the importance of the climate conference.

The Public Treasury and Mint Authority has made all efforts to produce auxiliary coins, and commemorative banknotes that document historic occasions and national projects, he added.

For his part, Hossam Khodr, head of the Public Treasury and Mint Authority, said the authority offers various creative works for Egypt’s visitors from around the world, including the “Tutankhamun Medals Collection” celebrating the 100th anniversary of the discovery of his cemetery, featuring six medals depicting the most known possession of Tutankhamun and old Pharaonic treasures; 11 medals of Muhammad Ali dynasty; the Collection of Historic Cairo, which was released to commemorate the 1050th anniversary of the establishment of historic Cairo, consisting of six medals featuring the capital’s most known landmarks such as Al-Azhar Mosque, the Aqmar Mosque, the Mausoleum of Imam al-Shafi’i, the Mosque of Sultan Hasan, and the Muhammad Ali Mosque.

It also displays commemorative coins depicting former presidents Gamal Abdel Nasser, and Muhammad Anwar el-Sadat, both released to celebrate the presidents’ 100th anniversary.

The Egyptian government has given the green light to issue uncirculated commemorative silver coins to celebrate 200 years on deciphering the ancient Egyptian language, and the emergence of Egyptology, as well as 100 years on the discovery of the Tutankhamun cemetery in Luxor Valley.



Saudi Space Agency Launches 'Space Future Center' to Strengthen Innovation in Space Sector

The initiative is part of the Kingdom’s ongoing efforts to solidify its leadership in the global space sector and foster growth in economic development, research, and innovation in this vital field. (SPA)
The initiative is part of the Kingdom’s ongoing efforts to solidify its leadership in the global space sector and foster growth in economic development, research, and innovation in this vital field. (SPA)
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Saudi Space Agency Launches 'Space Future Center' to Strengthen Innovation in Space Sector

The initiative is part of the Kingdom’s ongoing efforts to solidify its leadership in the global space sector and foster growth in economic development, research, and innovation in this vital field. (SPA)
The initiative is part of the Kingdom’s ongoing efforts to solidify its leadership in the global space sector and foster growth in economic development, research, and innovation in this vital field. (SPA)

The Saudi Space Agency (SSA) announced on Sunday the launch of the Space Future Center, the first of its kind within the network of Fourth Industrial Revolution Centers affiliated with the World Economic Forum.

The initiative is part of the Kingdom’s ongoing efforts to solidify its leadership in the global space sector and foster growth in economic development, research, and innovation in this vital field.

The center introduced its board of directors, comprising a distinguished group of international experts. Leading the board is Chairman of the Space Future Center and Deputy Minister of Economy and Planning Dr. Mohammed Al-Tamimi. Other prominent members include Managing Director of the World Economic Forum Eng. Ammar Nagadi, CEO of the World Economic Forum Jeremy Jurgens, CEO of the Neo Space Group Martijn Blanken, Co-Founder and CEO of Axiom Space Kam Ghaffarian, and Founder of Spaceport Sarabahi Susmita Mohanty. The board’s membership reflects the expertise and strategic vision necessary to achieve the center's ambitious goals.

Al-Tamimi emphasized that the center represents a significant addition to the global space sector. He highlighted the Kingdom’s commitment to strengthening a sustainable space economy, advancing knowledge, and fostering international partnerships.

The launch of the center will boost Saudi Arabia’s role both regionally and globally, enabling humanity to responsibly explore and capitalize on the opportunities offered by space, he stressed.

This initiative aligns with Saudi Arabia's broader ambition to become a leader in space exploration and innovation, positioning the Kingdom at the forefront of the rapidly evolving space industry.