Latest in Tag: Ibrahim Mehleb Highlight
Latest in Tag: Ibrahim Mehleb

Al-Sisi to issue governorate demarcation decree, cabinet approves final draft: Local development minister
An invitation to all banks for national plan fund for governorate developments, youth job opportunities
FEDCOC, EU representative discuss reinforcing cooperation
FEDCOC presents economic and political roadmap, procedural and legislative reforms, investment opportunities

World Bank offers $400m to Egypt
International institution will work on increasing investments in infrastructure, projects that provide employment opportunities for youth

Russia, Egypt to cooperate in Dabaa nuclear power plant, Russian tourists return in force: Russian Economy Minister
Ulyukayev said cooperation with Egypt will not be limited to the power plant, but also in delivering technology and staff training.
1.5 million Algerian tourists to visit Egypt annually, starting 2015: Algerian PM
The number of Algerian tourists who will visit Egypt will be approximately 1.5 million, starting this year, Algerian Prime Minister Abdelmalek Al-Sallal has told Daily News Egypt. “We asked Prime Minister Mehleb to facilitate procedures of Algerian tourists’ arrival in Egypt during this year,” Al-Sallal said. On the sidelines of the Economic Summit’s second day …

Egypt implements sustainable growth policies through investment law reforms: PM
Investment, tax laws issued in last few days, which increase country’s attractiveness to foreign capital

Domestic demand volume makes Egypt largest regional economy: Mehleb
Egypt has the potential to improve investment climate

Saudi Arabia, UAE, Kuwait strong backers of Egypt’s economy
Overview of Gulf aid to Egypt in the new era

Public entities debts to EGPC amount to EGP 195bn by end of January: El Molla
Prime Minister Ibrahim Mehleb formed a committee to fix the current financial issues between the Ministers of Petroleum, Finance, and Electricity.

European delegations analyse projects during Economic Summit: Akram Tinawi
Dollar crisis will soon end during the next period, funding economic activities will be priority, says Director of Arab Banking Corporation
Government approves draft investment law improving business environment: Cabinet
The Cabinet agreed during its weekly meeting Wednesday, on the draft presidential decree regarding the draft investment law, according to a Cabinet statement. The statement added that the draft law includes a bundle of legislative amendments to stimulate investment in Egypt. “During the preparation of the law, there were communications with the civil society, the …
Government limits collection of value of commodities, services to EGP: Cabinet
Prohibition does not apply to tourists in Egypt, said Cabinet spokesperson

‘Egypt is Close’ campaign to support inter-Arab tourism
Campaign will be launched by specialised company, expected to continue for three months, says Tourism Minister

Mehleb calls for new Port Safaga completion timetable in June: Cabinet
Total area of port after development reaches 825,000 sqm with total circulation of 8.5m tonnes, marine energy accommodating 1.3 million passengers annually
Kaki demands Egyptian government refund EGP 1bn
Kaki Group would not terminate its Egypt investments despite smear campaigns led by former employees of the company, says Kaki Group owner

Libya executions spark condemnations, aggressive rhetoric
Organisations, governments demand unified response as Libyan ambassador warns of further attacks on Copts
Egyptian-Kuwaiti partner in several sectors with investments worth $6.8bn: Cabinet
Projects are being studied and funded within the partnership, some might be established in Suez Canal, says ECHEM head
Kuwait fund studies 2 electricity sector projects applications in Egypt: Cabinet
Kuwait visit to agree on investment cooperation and consultation speeding up dispute settlement disputes regarding Kuwaiti investors, said Al-Qaweesh
Conference supporting Egyptian economy to be held in Kuwait
Preliminary conference to be held in last week of February for two days in Kuwait to discuss and present investment opportunities in Egypt
Chambers of Commerce flies to Russia for Economic Summit promotion
Egypt’s ambassador in Moscow says summit is “once in a life time” opportunity to enter Egyptian market

Unemployment plan to provide training to over 1 million workers: Mehleb
Hope is to build accurate labour market database including unemployment rates and distribution according to age, qualification, and gender

Cabinet extends North Sinai curfew by further 3 months
Curfew was scheduled to end on 25 January

Japan to provide Egypt $360m in energy, infrastructure and technology aid
$200m as Japanese financial support for countries fighting ISIS, says Shinzo Abe

Government to address obstacles facing entrepreneurship, SMEs: Mehleb
Bank branches in Upper Egypt and Nile Delta to facilitate funding for small and medium-sized companies, says CBE governor

Egypt reforms to gain confidence of international business community: PM
Egyptian delegation to visit Britain in June to follow-up on investment coordination between two countries, says El-Yazal
GE shows willingness to participate in renewable energy plants: Cabinet
Ongoing consultations with international energy partners in the US and China to take advantage of expertise in power generation, says electricity minister

Government to launch 4-year investment, development programme at Economic Summit: Mehleb
New investment law gives legal authority to GAFI to approve and facilitate project implementation, bankruptcy law ensures a safe exit for investors, says prime minister

Government begins accelerating implementation of National Roads Project: Cabinet
National Roads Project requires EGP 6bn to be finished next September, banks must participate in financing, says Contractors Union

Government decides on support for textile workers, adopts industry as national project
Prime minister appoints ministers of industry and agriculture and Egyptian Chamber of Textile Industries to agree on cotton cultivation policy

Mehleb witnesses signing of pollution control funding agreement worth €70m: Cabinet
Project to provide technical and financial support to industrial facilities in line with environmental laws for pollution reduction