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Economy
- Service : English
- Category : Economy
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AFESD approves providing 2 soft loans to fund Egypt-Saudi power grids
Date: 2013-12-23 14:31:01 GMT - Egypt - Economy - SN:62 - ID:457411
The board of directors of the Arab Fund for Economic and Social Development (AFESD) has approved providing two soft loans, worth 32 million dollars, to contribute to funding the agreement between Egypt and Saudi Arabia to link their electricity ....
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AfDB says Egypt made progress in good governance, investment climate
Date: 2013-12-23 11:35:05 GMT - Egypt - Economy - SN:42 - ID:456953
Egypt has made progress in terms of good governance and investment climate, says Ali Abu-Sabaa, Vice President of the African Development Bank (AfDB). He still stressed that more efforts and reforms are needed. Egypt has been contributing to ....
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Russia seeks role in Suez's development projects - diplomat
Date: 2013-12-23 11:29:34 GMT - Egypt - Economy - SN:41 - ID:456938
Russian Ambassador here Sergei Kerbachenko said Russia should play an important role in boosting development projects in Suez given its strategic location. Suez can be a link between Egypt and Russia, he said at an Egyptian-Russian forum ....
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Gov't reviews investment laws
Date: 2013-12-23 11:17:51 GMT - Egypt - Economy - SN:36 - ID:456911
Deputy Prime Minister for Economic Affairs Ziyyad Bahaa Eddine has said that a package of laws on investment are under reconsideration. Some of these laws are related to bids, Bahaa Eddine told a symposium last night. After this review, the ....
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Power linkage project agreement signed
Date: 2013-12-23 10:58:09 GMT - Egypt - Economy - SN:31 - ID:456854
Electricity Minister Ahmed Imam witnessed on Monday the signing of an agreement with an international company to carry out a power linkage project between the from the Gulf of Suez and Samalout. The project is meant to link power generated from ....
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Minister launches new initiative to revive hard-hit tourism sector
Date: 2013-12-23 10:35:12 GMT - Egypt - Economy - SN:23 - ID:456776
With Egypt's most vital economic sector, tourism, still at record lows since January 25 revolution, the tourism minister launches a new initiative aiming at encouraging Egyptians abroad to spend Christmas and the mid year vacations in their ....
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China eyes implementing development projects in Egypt -- FM
Date: 2013-12-23 08:16:43 GMT - China - Economy - SN:8 - ID:456443
Foreign Minister Nabil Fahmy said on Sunday that China welcomes partaking in the implementation of development projects in Egypt. "We are in urgent need of revising investment laws in Egypt to achieve real development projects," Fahmy told a ....
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Investment minister orders EGP 100mln bonus for steel workers
Date: 2013-12-22 17:44:56 GMT - Egypt - Economy - SN:54 - ID:455975
Investment Minister Osama Saleh approved an EGP 100 million bonus for workers at the Egyptian Iron and Steel Company on Sunday. The minister also ordered completing a study for the development of the company to resume operation at full swing, a ....
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New oil agreements approved
Date: 2013-12-22 17:19:41 GMT - Egypt - Economy - SN:51 - ID:455943
The Cabinet approved seven new agreements for the exploration of oil and natural gas, said Petroleum Minister Sherif Ismail. The Cabinet also agreed to amend an agreement for the Egyptian General Petroleum Company to be submitted to the president ....
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Minister says bolstering industrial, commercial relations with India necessary
Date: 2013-12-22 17:00:25 GMT - Egypt - Economy - SN:45 - ID:455907
Minister of Industry and Trade Mounir Fakhry Abdel Nour stressed on Sunday the importance of bolstering relations with India in the industrial and commercial fields. "We seek to benefit from Indian industrial experiences, especially in the ....
