Ο Πατρ.Αλεξ/αςκαι Πάσης Αφρικής Θεόδωρος υποδέχεται τον Πατριάρχη των Κ...Patriarch Theodoros II receives Coptic Orthodox Pope Tawadros II

On 25 December 2023,His Beatitude Patriarch Theodoros II of Alexandria and All Africa received His Holiness Pope Tawadros II of the Coptic Orthodox Church,his namesake,at their traditional Christmas encounter in Cairo,Egypt.After cordial statements were made,gifts were exchanged,followed by a kiss of peace.Pope Tawadros gave out Coptic Orthodox calendars as a souvenir to the Greek Orthodox attendees.The Egyptian press covered the occasion.

Panorthodox Synod : INTERNATIONAL THEOLOGICAL DIALOGUE BETWEEN THE CATHOLIC CHURCH AND THE ORTHODOX CHURCH

Panorthodox Synod : INTERNATIONAL THEOLOGICAL DIALOGUE BETWEEN THE CAT...: The  J...

Patriarch Theodoros II of Alexandria Visits GOARCH, Meets With Local Religious Leaders - From the Archdiocese - Greek Orthodox Archdiocese of America

Patriarch Theodoros II of Alexandria Visits GOARCH, Meets With Local Religious Leaders - From the Archdiocese - Greek Orthodox Archdiocese of America

Patriarch of Alexandria:'Greece is Great'

From 23-24 April 2020, His Beatitude Patriarch Theodoros II of Alexandria and All Africa presided at ceremonies emphasising Hellenism at the Monastery Church of St.George in Old Cairo, Egypt.Following Great Vespers on 23 April, His Beatitude presided the Divine Liturgy the next day.Immediately afterwards,he bestowed the Cross of the Apostle St.Markos on Captain Angelos Kiousis of the Hellenic Coast Guard,who has served in Port Said, Egypt for two years.Patriarch Theodoros pointed out that His Eminence Metropolitan Niphon of Plousios,who was also present,and Captain Kiousis were the spiritual pillars of Port Said.
Patriarch Theodoros also stated that:
Greece is great in these days of dark fear, beyond the pandemic; beyond the suffering and passion, she is great among the choirs of the blessed.*
Then the Pope and Patriarch of Alexandria and All Africa proceeded to unveil the bust of the late Igoumenos (Abbot) of the Monastery, Agathangelos,on his fiftieth death anniversary.Father Agathangelos,a native of Thrace, Greece, had served in the Monastery for 45 years.*
Following the unveiling, Patriarch Theodoros rededicated the renovated Monastery cemetery Chapel of St.Katherine.The project was spearheaded by the current proistomenos of the Monastery, the Very Reverend Archimandrite Damaskinos.Patriarch Theodoros thanked Father Damaskinos:
You have served the Church by restoring the Chapel of St. Katherine, herself an Alexandrian.*
The Chapel was renovated in memory of Father Damaskinos' late mother.*

Will the Fed Raise Rates This Month?

I think the volatility is going to sideline the Fed in September,said Mohamed El-Erian,Chief Economic Advisor at Allianz.The second and the third facts have turned violently against the Fed.If they make a mistake,it could spill over into the economy.There isn't much the Fed can do.The market doesn't have the circuit-breakers that it needs.That is a major paradigm change for the marketplace.The market has to find its own equilibrium and level,and that's going to take some time.*
China helped create a market bubble in their stock market,and now they're finding it very hard to control.I think they will be able to soft-land the economy at around 6%,but we are going to observe the financial instability.
I pay a lot of attention to the currency markets.It started flashing red early on and started contaminating other markets.Central banks are having tremendous difficulty because the currency markets are coming unhooked regardless of what the fundamentals are,and the fundamentals are stronger relative to the rest of the world,noted Mr.El-Erian,who is a native of Cairo,Egypt.

Risk Management:Carlyle Group Mothballs Egypt Plans

Private equity firm The Carlyle Group has deferred plans to invest in Egypt.They have concerns over the recent change in leadership there.In Egypt,you need an official sign-off to make an investment.They feel that what's going on in Egypt isn't going to end anytime soon,and are concerned over getting local partners to exit a project.
Carlyle has an office in Egypt and will continue to work in Saudi Arabia and Turkey.As of 2009,they had 500 million dollars in their Middle East and North Africa fund.The group has a 40% stake in a Turkish hospital company,as well as a stake in a Saudi lighting fixture firm.
The Carlyle Group is a global alternative asset manager with more than 97.7 billion dollars under management.It combines global vision with local insight from its 19 offices that span the continents from North America to Asia.
Those who are interested in private equity may want to consider the PowerShares Global Listed Private Equity Portfolio(PSP).This exchange traded fund buys shares of 40-60 companies whose principal business is to invest in,and lend capital to,privately held companies.

Egypt Crisis Management:The Business Implications of Uprising

Businessmen with interests in the Middle East have been assessing what the Egypt revolt means to them.Mac McClelland of Center House Limited says we need to watch the Egyptian uprising very carefully,and be cognisant of the power plays.The strong Islamic tilt could affect how the new government takes effect in Egypt.There's a leadership vacuum.
The people were concerned about food,peace,prosperity,security and stability.Businesses are also concerned with that security and stability aspect.Our clients are concerned about protecting their brands and business continuity,Mr.McClelland noted.
Ken Moelis of Moelis&Company,which has an office in Dubai that advises the Dubai government on restructuring debt,observes that the rest of the region is acting as if this is an Egypt-specific event.For now,you're gonna see them stay pretty aggressive.The region is still doing business as usual.
A corporation can't see Egypt as a stock trade.You have to wait for more information,Mr.Moelis explained.

Cruise Ship Vulnerability:Remembering The Achille Lauro

In October 1985,four Palestinian terrorists hijacked the Italian cruise liner Achille Lauro in the Mediterranean Sea off the coast of Egypt,riveting the world's attention.They demanded that Israel release 50 Palestinian prisoners.
Among the liner's 400 passengers and crew was a disabled American,Leon Klinghoffer,69.The terrorists killed him and dumped his body and wheelchair overboard in one of the most brazen atrocities in the history of the Middle East.To this day,the event is recalled with considerable emotion.
After a two-day ordeal,the terrorists agreed to surrender to Egypt in exchange for safe passage.An Egyptian jet took off with the terrorists,but U.S. Navy F-14 Tomcat fighters forced the escape plane to land in Sicily,where Italian troops arrested the hijackers.
In August 1997,the Palestine Liberation Organisation reached a settlement with the Klinghoffer family.
The Achille Lauro memory came back when the cruise liner Carnival Splendor became stranded off of a Mexico terrorized by drug gangs this week.
Carnival Corp(CCL)