Latest in Tag: development Highlight
Latest in Tag: development

EU-Africa: What’s in the relationship?
The EU also carried out eight civilian missions – to Guinea Bissau, South Sudan and Niger among others.
After popular protests, Oman starts to pursue graft
Reuters – Young Omanis who took to the streets in 2011 to demand jobs and better economic prospects failed to trigger the mass protests that transformed other parts of the Arab world in their own Gulf state. But they may have had an impact all the same, as authorities are making a start on a …

SCCT to invest $300m more in Egypt – Laursen
There has been an increase of 15% in the number of vessels received by SCCT
Government studies benefits of UNDP aid programme
Head of foreign trade ministry’s trade agreement division says partnering with United Nations Development Programme will boost trade movement between Egypt and other Arab countries

South Sudan backs Egypt bid for African Union reinstatement
Prime Minster discusses ways to strengthen relations with South Sudan
Chinese company to develop 6 square km in Ain Sokhna
By Hassan Ghonema General Mohamed Refaat, acting head of the General Authority for the Northwest Suez Gulf Economic Zone signed a contract with the Chinese developer TEDA to develop 6 square kilometers in Ain Sokhna. The project is the first phase in a larger development deal between Egypt and China, with the Chinese government having …

EU-Africa envoy visits ahead of summit
Summit in April looks to strengthen cooperation towards “strategic partnership of equals”
IFAD workshop to discuss food insecurity and political crises in the Arab region
Fund will hold workshop for Arab policymakers and development agencies for research collaboration on relationship between food insecurity and conflict

World Bank project in Egypt provides loans for micro and small businesses
While stimulating growth and generating employment opportunities, the project has also been successful in reaching people and communities that lack access to finance.

New Hepatitis C cure: Should Egyptians breathe a sigh of relief just yet?
Egyptian scientist Tarek Hassanein has been working on the development of one of the new drugs that promise a better future for patients suffering from Hepatitis C

Strategic partnership between Saudi Dar Al-Ma’ali and Al-Ahly for Real Estate Development
The two companies are looking at a number of new investment opportunities in real estate and tourism in Cairo and satellite cities.

EGP 1.5bn for infrastructure developments in industrial zones
Industrial zones to have road infrastructure, water and electricity to attract foreign investments

African Development Bank unintimidated by turmoil in Egypt
The country was suffering from a breakdown in the security sector which discouraged foreign investors from doing business in the Egyptian market, in spite of the large investment opportunities.

Egypt to emphasise development cooperation at Africa-Arab Summit
Interim President heads delegation to Kuwait for high-level summit titled “Partners in Investment and Development”
France to launch development projects worth €110m
Development projects aim at supporting agriculture and microfinance projects in Egypt

Eight things the interim government can do
The Egyptian interim government’s performance has been rather disappointing to the population. The current Prime Minister, Hazem El-Beblawi, seems to be only focused on getting more money from Gulf nations to sustain the current dysfunctional government, rather than actually lead on, well, anything. His government has operated so far to serve one objective: spend money …
Nile water issue is not a ‘zero-sum game’: Fahmy
Interim foreign minister says Egypt respects the aspirations of the Nile Basin countries and their people
Foreign ministry discusses development
A foreign ministry representative met with representatives of UN and international agencies in Egypt

Jump in bank profits in the last six months
The Faisal Islamic Bank of Egypt stated that its profits for the first half of the current fiscal year totalled EGP 370.8m (nearly $53m), compared to EGP 283.6m during the first half of 2012.

Mona Makram Ebeid: IMF representatives reinforce the need to build a new strong economy within Egypt
IMF officials reinforced the need to encourage the growth of a strong new Egyptian economy rooted in the private sector, and build on competition instead of favouritism.

PM announces plans to develop Sinai
President Morsi approves EGP 4.4bn worth of investments in Sinai

Tahrir Development Project seeks partners
The Holding Company for Tourism, Hotels and Cinema asks the National Bank of Egypt, Banque Misr and NSGB to contribute to Tahrir Development Project

Arab Spring unrest was ignited by entrepreneurs facing constraints: Economist
Revolutions in Middle East and North Africa are chance to correct restrained markets, says de Soto

EU delegation head visits South Sinai
The European Union representative will visit development projects in South Sinai and meet with governor

Hyde Park, New Urban Communities Authority forms strategic partnership
New venture pledges commitment to Deliver Units on Schedule According to Highest Standards

Politicians call for securing and developing Sinai
Brotherhood Supreme Guide calls on government to bring kidnappers to justice as groups stress importance of Sinai development

Cairo governorate launches ‘Cairo 2030’ conference
Governor: There’s a need to establish a law specific to the city

Information Technology growth goal
Minister of Communications Atif Halmi says government seeks 10% growth in IT sector by end of fiscal year
New real estate construction in 6th of October City
Wadi El Nile Company for Agricultural Development to begin real estate project on 922 acres of land

Finance minister requests aid from Saudi Arabia
Egypt asks for $500m in aid from Saudi Arabia to support its national budget