Latest in Tag: development Highlight
Latest in Tag: development
Presidential spokesperson: Morsi pledges for Egypt to join BRICS
Morsi is still keen on Egypt joining BRICS, according to the president’s spokesperson
Egypt ready to provide support to rebuild Mali
Foreign Minister says Egypt can draw on experience to help reconstruction and development efforts in Mali
Protests in Cairo over Suez Canal development
Popular Front for Suez Canal Axis protests outside Press Syndicate, Port Said criticises law in popular conference
Kamel Amr addresses UN General Assembly
Foreign minister calls for increased African representation in UN Security Council
Egyptian-Swiss cooperation to boost textiles sector
Shura Council requests Egypt’s ‘textiles sector receive increased subsidies for use in funding state infrastructure and small development projects’
Thales Group wins Cairo-Alexandria railway upgrade
French company granted rights to install electric signals at an estimated cost of $270m
NSF round table postponed
Al-Nour refuses to participate, says National Salvation Front leaders incited violence in Moqattam
The IDRC in Egypt: an interview with David Malone
Canada’s International Development Research Centre retiring head speaks to DNE
World Bank invests $250m, creates 250,000 jobs in Egypt
The project targets those who are incapable of finding a job, and labourers
Egypt to reopen Somalia embassy
Decision made after Egyptian foreign minister went to Somalia for ‘historic trip’
Tourism in the news: Giza signs tourist development protocols for Bahariya oasis
The governorate of Giza recently signed a cooperation protocol with the Public Authority for Tourist Development to study and review strategic plans for tourist development services in the Bahariya oasis region. The protocol aims to identify ways to promote the region as a promising development area to private sector investors. Ali Abd al-Rahman, the governor …
Changing homes changes lives
Nebny aims to use the sense of enthusiasm and patriotism that was an integral part of the 25 January uprising and turn it into tangible acts of development and growth
Ghorab: Egypt has yet to tap into its wealth of natural resources
Former Minister of Petroleum, Abdallah Ghorab, talks to Daily News Egypt about the country’s energy problems and the crippling bureaucracy hampering development
Germany postpones €240 million in debt relief for Egypt
German development minister compares current Egyptian government to former Mubarak regime
Saudi Fund for Development allocates EGP 1.4 billion to finance 3 projects in Egypt
The Saudi Fund for Development (SFD) signed three concessional loan agreements with the Egyptian Government. The agreements were signed on Monday 3rd 2012, in Cairo, by the Egyptian Minster of Planning and International Cooperation, Ashraf Al-Araby, and SFD Vice President and Managing Director, Yousef Al-Bassam. As per the first agreement, SFD grants Egypt EGP 547 million, in a concessional development …
Rebel Economy Wrap
The oil curse explained
Sukuk law remains under deliberation
Islamic political parties push for the Sukuk law
Turkish loan signals strengthening ties
President Mohamed Morsy signed a $1 billion loan agreement as the first step in a financing deal that comes amid high-level cooperation between the two countries.
Morsy’s Turkey meeting could signal new partnership
AKP party a potential role model for development
Scratching the surface of the financial crisis
For several weeks now, state-run media has been depicting a somewhat rosy outlook on the economy. Government officials are downplaying the gravity of issues; prominent figures such as Hassan Malek spew comforting statements,citing the pending influx of foreign investment and loans from international financial lenders and governments. The IMF loan , which would shore-up the …
Morsy at the UN
Egyptian president meets heads of state and addresses the UN General Assembly
SODIC: no litigation against us
The Sixth of October for Development and Investment Company (SODIC), Egypt’s third largest real estate developer, reported to the Egyptian Stock Exchange that no lawsuits were filed against them by the Lebanese multinational real estate developer Solidere. According to AhramOnline’s report on Tuesday; Beltone, a Cairo-based investment bank, stated that Solidere announced Sunday its plans …
Saudi delegation to visit Egypt for investment talks
A Saudi business-delegation is scheduled to visit Cairo this Monday, with the legal impediments to Saudi investment leading the visit’s agenda. Reportedly, Dr Tawfik Al-Rabea, Saudi Minister of Industry and Trade, will head the delegation that encompasses up to 35 Saudi businessmen, in addition to the Saudi Ambassador to Egypt, Ahmed Al-Katan. The Egyptian delegation …
Islamic Sukuk forecast to exponentially increase
The demand for Islamic Sukuk is expected to reach to $900 billion by 2017, according to Ernst & Young’s Global Islamic Banking of Excellence (GIBE) estimates. Ernst & Young’s GIBE reports that the forecasted exponential increase in demand for Sukuk stems from the growth of Islamic banking industry, and the increasing demand for financial tools …
El-Arabi meets with EBRD’s Hildegard Gacek to discuss economic co-operation
Ashraf el-Arabi, minister of development and international cooperation discussed economic support to Egypt with Hildegard Gacek, managing director of the European Bank for Reconstruction and Development (EBRD) for the southern and eastern Mediterranean region on Wednesday. It was reported that the Egyptian government seeks to attract the EBRD to carry out operations in Egypt beside …
Government studies new law to regulate foreign capital
By Ibrahim El-Masry Minister of Planning and International Cooperation Ashraf Al-Arabi said the government is considering drafting a new law to regulate the flow of foreign capital to Egypt whether in investments or funding for non-governmental organisations (NGOs). Speaking during a public session of the Shura Council that tackled the issue of foreign grants and …
PM orders formation of technical committee to resolve electricity crisis
The efforts to solve the electricity crisis continue
German tourist bookings expected to burgeon
Minister of Tourism Hisham Zaazou met German travel agents to promote Egypt as a tourist destination at a workshop in Al-Gouna resort on Saturday. Zaazou told attendees that tourism is one of the country’s top priorities and a vital source of foreign currency and employment opportunities. Up to 25 German tourism companies participated in the …
The Supreme Council for Customs Tariffs to be restructured
Minister of Finance pushed to restructure SCCT, establish new customs tariffs
Government takes measures to rescue ailing textile industry
HCSW holding a meeting, discussing developing its subsidiary companies