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Study recommends the conversion of the Suez Canal Authority for a multi-economic activities

Sun, 10 Aug 2008 14:14:19 EST

Study recommends the conversion of the Suez Canal Authority for a multi-economic activities - by yehia

Study recommends the conversion of the Suez Canal Authority for a multi-economic activities

An economic study recommended the conversion of the Suez Canal specialized institution for multi-activities in which to channel investment in other projects in addition to its primary role in the passage of ships, as experts consider the possibility of diversion channel is a source of industrial goods to become a channel source of industrial goods output come out to the surrounding areas .

The proposed study prepared by the Centre for Information and Decision Support Cabinet under the title 'Towards optimal exploitation of the geographical location of Egypt' through Astosmaralfrs available both on land Aualbhari Awajawi dimension - the development of the East Port Said, which is located east of Port Said through the establishment of port Pivotal when deliberating containers Eastern Mediterranean and the Red Sea, and possibly East Africa as well.

He said d. Magid Osman, President IDSC that the study raised a number of proposed development projects around the Suez Canal, including the creation of a huge arsenal of freedom begin the reform and development of ships and then rebuilt, and ending this arsenal establishment of heavy industries.

It can also contribute to the Suez Canal Authority in the establishment of companies to perform services based Maritime vessels crossed the Suez Canal, which could contribute to the provision of additional income, with the establishment of a liner companies to operate vessels tributary of labour between the ports of the region and around the port, As well as owning and operating a fleet of maritime transport which operates in the transfer of international trade between major economic blocs.

The study recommended the establishment of the company to ship a special fuel, and the establishment of companies for road transport and air until you turn in multi-modal transport, pointing out that the implementation of these policies will enable the Suez Canal Authority to play a greater role in the service of international trade and obtaining a greater share of maritime services.

The study suggested the establishment of companies and unloading of freight and container handling and fueling ships, and to develop their arsenals in order to provide service for repairs to ships in transit and hesitant on the region, as well as other activities such as storage vessels to benefit from cheap labour available in Egypt

A joint agreement between the Customs Authority, the Egyptian and Italian

Sat, 09 Aug 2008 14:59:31 EST

A joint agreement between the Customs Authority, the Egyptian and Italian - by yehia

To facilitate trade movement between Egypt and the European Union Financial seeking an agreement made by Egyptian and Italian customs

The Ministry of Finance signed a joint agreement between the Customs Authority, the Egyptian and Italian, for information exchange and joint cooperation in the areas of transit trade and the fight against commercial fraud and intellectual property protection and risk management system of goods and passengers and the establishment factor analyses of the Egyptian customs and training in specialized areas in Customs work and cooperation in the development of a single window system for the release of messages in order to facilitate trade movement between Egypt and the European Union.

This was stated by Jalal Aboafattouh advisor to the Finance Minister for Customs, and added that a delegation of Egyptian Customs visited Italy last month in order to get acquainted with the facilities and procedures applied by Italy for the dissemination and application of the Egyptian customs.

He pointed out that EU member Italy, which is the first commercial partner to Egypt and therefore distinct relations between the Egyptian and Italian customs will be positively reflected on the movement of trade between the two countries and between Egypt and EU countries are Italy, where other southern gate of the Union.

The Italian customs is a good model for the radical change that has occurred in the role of customs in these days, with interest levy customs duties, the Customs play an important role in protecting national security and protect the health and security of citizens and protect intellectual property rights and those roles require the use of additional means To perform the functions of modern customs.

On the modern regulations applied by the Italian Customs and the Ministry of Finance study the possibility of application in Egypt Aboafattouh pointed out that there is a system of integrated automation of customs and taxes, which started in Italy in use in October 2003 and this system will help to reduce trade transaction costs as it depends on the full mechanization of the documents With shared electronically among all parties learned from importers and customs control points with the integration of information technology systems with those customs at airports.

Starting the promotional tour for investment In Malaysia and Singapore today

Sat, 09 Aug 2008 14:30:24 EST

Starting the promotional tour for investment In Malaysia and Singapore today - by yehia

Starting the promotional tour for investment In Malaysia and Singapore today Mohieddin start to the round of investment In Kuala Lumpur and meetings with senior officials

Under the plan of the Ministry of Investment promotional d begins. Mahmoud Mohieddin and Minister of Investment day tour promotional and marketing for the states of Malaysia and Singapore aimed at attracting investments in these two countries to Egypt and to introduce investment opportunities available and open areas for joint cooperation with commercial and investment levels.

The tour starts visit to Malaysia, where A symposium on the investment climate and facilitate business in Egypt and containing the margin to a series of meetings with officials of Malaysia, led a meeting with Minister of Trade and Industry of Malaysia and a meeting with the head of the Malaysian Industrial Development Authority. Symposium also includes a presentation of investment opportunities in Egypt and presentation Some of the success stories of Malaysian companies operating in Egypt.

The symposium discussed areas of cooperation between Malaysia and the COMESA countries in the framework of the Common Market for Southern and East Asia, held by representatives of the Egyptian delegation and the COMESA meetings with Malaysian investors to explore areas of joint cooperation.

The tour includes Malaysia held a series of meetings between the Minister of Investment Mahmoud Mohieddin and the heads of some Malaysian companies operating in Egypt and other companies looking for opportunities to the presence in the Egyptian market over the coming period. The aim of the meetings to publicize the evolution of the investment climate in Egypt and discussed ways to increase investments Malaysian existing in some important areas especially in the field of construction, industry, communications and tourism.

After a tour of Malaysia is heading and Investment Minister Dr.. Mahmoud Mohieddin, and his accompanying delegation, which includes a number of corporate heads and bodies and a number of investors to Singapore where they are holding a symposium on investment and facilitate business in Egypt. This will be the signing of a memorandum of understanding between General Authority for Investment and Free Zones, Egypt, the Singaporean business and introduced to the areas of investment in non-banking financial sectors in Egypt in the sectors of real estate financing and stock exchange and insurance.

Egypt's decision on the selection of Africa at a conference of middle-income countries

Tue, 05 Aug 2008 16:01:45 EST

Egypt's decision on the selection of Africa at a conference of middle-income countries - by yehia

Egypt's decision on the selection of Africa in the Third Ministerial Conference of middle-income countries

Started work yesterday, the International Ministerial Conference for the third middle-income countries, held in the Namibian capital of Windhoek for two days, the conference will discuss the development of middle-income countries and the most important challenges they face in light of the new international changes, as well as the international community's role in supporting these countries to achieve further development and play a role Effectively in the international arena. Chose Egypt conference scheduled for a conference on Africa alongside the State of Indonesia which will be scheduled for Asia.

The conference discussed ways to move the development efforts of middle-income countries and commitments of the international community to support these efforts and the role of international institutions and regional development to finance the construction and infrastructure development in middle-income countries and how to provide concessional financing and ways to support and increase the competitive middle-income countries as well as the role of energy resources to achieve development Sustainable in these countries.

It also discusses the global food crisis and how to overcome their negative impact on development efforts in those countries as well as a vision of middle-income developing countries the post in 2015 and expected to face major challenges in achieving the Millennium Development Goals.

Participants in the conference, foreign ministers of middle-income as well as heads of a number of international development institutions like the World Bank and African Development Bank and Asian Development Bank and FAO. Headed the Egyptian delegation at the conference, Ambassador Fathi Al-Shazli, Minister Counsellor of international cooperation where the floor opening of the meeting to discuss Repercussions of global food crisis and its effects on middle-income countries.

It is expected to pass on the Conference Declaration and the ministerial decision in addition to an action plan to be submitted during the sixty-eighth session of the UN General Assembly next September.

The basic idea of the conference came from the initiative presented by Egypt in 2004 to the World Bank and has already begun holding a workshop resulted in the idea of the Ministerial Conference was held Ministerial Conferences I and II in both Spain and El Salvador in March and October 2007 respectively, A conference in March last hosted by Egypt to discuss ways of supporting middle-income countries and the challenges it faces.

Egyptian Joint Commission - Kuwaiti

Sat, 19 Jul 2008 10:56:00 EST

Egyptian Joint Commission - Kuwaiti - by yehia

Concluded this evening Palace liberation of the seventh session of the Egyptian-Kuwaiti joint committee chaired by Mr. Ahmed Aboul Gheit Minister of Foreign Affairs Sheikh Dr. Mohammad Sabah and Foreign Minister of Kuwait.

Abul Gheit at a joint press conference with his Kuwaiti counterpart at the end of the joint committee, the Committee held its meetings in the first two stages and was the culmination preparatory today the signing of a number of conventions, pointing out that one of the basic features of the Commission in its current session represented in the presence of Egyptian-Kuwaiti agreement to establish a mechanism And to help Tsehel life of the citizens .. and any problems that could arise, the mechanism will be the best way to facilitate their living conditions.

Aboul Gheit stressed that the second important feature was the two sides agreed on a mechanism for investment .. Kuwait brothers and friends have great investment potential and a desire to promote Egyptian-Kuwaiti investments in Egypt, and Egypt is open and available to all interested in this type of investment and therefore Brothers in Kuwait also have a desire to move to build a Kuwaiti investments in Egypt and work on strengthening the capacity of the Egyptian economy. Aboul Gheit pointed out that despite the focus on bilateral topics have focused consultations between the Foreign Ministers of both countries to discuss all political issues and we are in constant contact, We discussed the topic of the next economic summit in Kuwait in January next, as well as the situation in Sudan and the question of directing the Attorney General's accusations of Sudanese President Omar al-Bashir, as well as in general we discussed all issues, such as the recent meeting of the Union for the Mediterranean, where Dr. Mohammad Al-Sabah briefed on the concept of the European Mediterranean.

For his part, Sheikh Mohammad Sabah said that the momentum of the periodic meetings of the joint committee between the two countries, which held seven regular meetings reflect the Kuwaiti-Egyptian relations .. We in Egypt and Kuwait are not talking about slogans, but talking to work and achievement, Kuwait has opened its doors for brothers Egyptians who make up a small in Kuwait who are always welcome and affection of the Kuwaiti brothers to understand and participate with honor and sincerity of the secretariat of the Renaissance in the economic, educational and social advancement of Kuwait .. The Foreign Minister of Kuwait that the meeting of the Joint Commission today will have great importance because it precedes the Arab economic summit to be held in Kuwait .. And this summit is the product of consensus between the wise leadership are the Egyptian leadership and the Kuwaiti leadership by President Hosni Mubarak and Sheikh Sabah Al-Ahmad Al-Sabah, who advanced to draft joint Arab economic summit .. The Joint Commission meeting is important at a time where we have a program for processing of the Arab Economic Summit Kuwait will be held next January and we hope that augur well for the opening of areas of cooperation, investment and economic cooperation among Arab countries.

On the Arab economic summit to be held in Kuwait and whether it can come out something similar to the European Union, Abul Gheit said that the economic summit is aimed to establish something similar to the European Union and the Arab world has .. and the Arab League summit is the summit of economic concepts, meaning that there are two first focuses To agree on a number of giant economic projects to boosting cooperation between Arab countries and focus on specific projects .. and there is talk about seeing the second meaning of the concepts and why the Arab group does not set priorities for the collection among themselves and enhance the capabilities of cooperation and coordination and standardization tendencies sense lines .. Railways, roads, airlines and the ability of ports to the Arab joint action, as well as electricity grids of Arab joint cooperation in peak hours and energies when we chose the Arab group of companies to build nuclear power plants .. and how we cooperate together in the energy field .. There is of course what We call the Third Way any combination of these two trends are all ideas are being discussed around .. Aboul Gheit pointed out that the Foreign Minister of Kuwait will send a delegation to Cairo for coordination with Cairo and the Arab League to determine the safest way to move.

Asked about the volume of trade exchange between Egypt and Kuwait Aboul Gheit said that the trade volume between the two countries and a billion three hundred million and there are four hundred thousand Egyptian residing in Kuwait .. They are not only helping to develop the economy of Kuwait, but a source of income for two and a half million Egyptians.

Replying to a question about the importance of Kuwaiti Minister of Arab and Arab-economic dimension in support of Darfur and to contribute to solving the problem economically Sheikh Mohammad al-Sabah said that the use of economic side to strengthen Arab national security was the thought leaders at the Egyptian and Kuwaiti raise the idea of holding an Arab economic summit, pointing out that, for the Sudan Kuwait has been a historic role in helping particularly in southern Sudan and opened Kuwait since the end of the sixties as a consulate office in Juba .. It was the only Arab officers in southern Sudan to help and assistance to the brothers in southern Sudan to them in the Arab world in general.

He pointed out that helping Sudan economically is the duty required, not only because there is an accusation directed to President al-Bashir, but we feel that there is now a challenge for the cause of poverty .. and Kuwait once again made three hundred million dollars to fight poverty in Africa .. It also monitored the amount of time to face the crisis of rising food prices .. He must employ the capabilities of our nation's economic and political protection of Arab national security. He had been at the outset of the meetings of the joint Egyptian-Kuwaiti signing of a loan agreement to expand gas distribution networks in Cairo and Giza between the Ministry of International cooperation and the Kuwaiti Fund for Economic Development worth twenty million Kuwaiti dinars and an operational programme of technical cooperation in the field of vocational training for the years 2008 and 2009 and the Agreement on mutual assistance and cooperation in customs affairs and the executive agreement for cultural and artistic cooperation in the exchange of publications and experts and information and training between the Bibliotheca Alexandrina The Kuwaiti National Council for Culture, Arts and Letters, and the operational programme for cooperation in the field of youth and the vanguard for the years 2008 and 2010 and operational programme of cooperation in sports between 2010.2008.

Egypt Export of services

Wed, 16 Jul 2008 16:33:03 EST

Egypt Export of services - by yehia

Export of services .. new area of the race between the United to win the largest share of this trade mission, which is no less important than trade in goods. Since the days of the World Trade Organization announced that the order of Egypt in the export of services reached ranked twentieth in the world despite our modest In commodities. But questions remain list Can services exports, which depend on economic system reform in general to compensate the lack of exports of industrial products and achieve economic prosperity and social?

All these questions bear the primary responsibility and the Director of the WTO trade in services sector Egyptian expert Abdel-Hamid Mamdouh, who split the ranks of qualified experts from all over the world and drew up a global convention to liberalize trade in services in the world. From a legal personality has become so second to the WTO in Geneva after its director Pascal Lamy.

Abdel-Hamid Mamdouh defines the features of the transition to liberalization of services or remove restrictions on exports of services between the countries that these services are important qualitative leap after it shifted from the activities provided by governments in the world to the commercial activities undertaken by the private sector has become the primary role there is a need to develop new laws Govern the service providers from the private sector aimed at consumer protection given the nature of those services, which differ from commodity to be invisible and can judge the quality only after the consumer may be consumed by and paid for which Required governments set standards and benchmarks quality of those services through a comprehensive vision includes institutional and Service sectors of professional services, accounting and communications, construction, distribution and educational services, environmental and financial services such as insurance and banking services and capital markets, health services, tourism and transportation services and sports and drama.

Q: How Egypt achieved the rank of developed?
An Egyptian expert of international saying: That comes after it had been considering the EU as a whole and one of 25 states, either as independent if we take the arrangement beyond Egypt is ranked 30 on each event advanced rank Egypt as it made him Important in exports of services .. but the second in charge at the World Trade Organization Abdel-Hamid Mamdouh saying: that this place should not be lulled us because, to insure this result, there is much to be done .. If the outcome of Egypt's exports of services may Achieved a $ 15 billion, this figure supplies half of Egypt's potential and their capacity to export services with its human capacities and comparative advantages. And an example of tourism services, explaining that 8 or No. 9 million tourists a very modest compared to the diverse tourism products owned by Egypt's tourist beaches, and compared the effects of human capacity is also offering service to those tourists!! "The same applies to the maritime transport sector. Here are wondering Abdel-Hamid Mamdouh, saying: How neither Egypt's geographical location, the Suez Canal and human elements such as Rotterdam for example in terms of services provided to the navigational lines and logistics services? There are many possibilities to Egypt must also be exploited in financial services, telecommunications and computer sectors, particularly as Egypt became service centres attract customers. It also needed to amend the legislative structure to achieve these objectives if we wish for example, in that we have 16 million tourists in 2015, There can be achieved when a monopoly EgyptAir internal lines which possess only 38 of the aircraft must provide them with aircraft movement.

Q: But is privatization become a threat to our exports of services because of the entry of foreign institutions which received a large share of the market for various services, such as banks, insurance companies, which convert the proceeds abroad as evidenced by the existence of broad sectors of citizens who have not improved despite their high rates Growth?
Here is an Egyptian official said: that trade liberalization in services is different than in goods. If the State has custody of the goods to compete with foreign products imported for national and impose customs duties so that their national competition is able to develop local services can only be achieved Liberalization of competition here is linked to development .. Here Abdel-Hamid Mamdouh focuses on the large difference between privatization and liberalization, the privatization is the transfer of ownership of the general liberalization is either a special introduction of competition and pluralism of the market. Therefore, the convention services under WTO does not call for privatization, but never Calls for liberalization. In this context it for fear of loss of revenue Egypt's exports of services in the interests of foreign enterprises there is anything that prevents the Egyptian legislature to impose conditions on foreign departments of various financial institutions that wish to enter the Egyptian market to invest their deposits in Egypt and the Governor or to abide by Trained Egyptian labour or engage with foreign partners by 51% and 49%, or elements of national participation in management.

Q: Is the expansion of services that are entertainment consumption patterns to create a negative impact upon the Egyptian street deduction big part of the family resources in financial services as in the case of Mobile, which is spreading widely among the poor class?
The Director of the World Trade Organization's services, saying: we have to differentiate between the development of economic capacity and consumption patterns prevalent among the chatter in the communications equipment is not a criterion for judging the service, but the criterion is success in facilitating communications service transactions in economic activities, linking remote areas As for the effects Side can be addressed through education and awareness. To calculate the value of economic returns must refer to the figures so sure of the direct benefits of these services on the national economy and its implications for the prosperity of citizens. In the absence of a sense of the citizen certificate, these services must be careful consideration to determine the factors that failure. And ended dialogue with the Egyptian official who was during his lightning visit him at the invitation of Egypt Dr. Ahmed Goweili Secretary-General of the Council of Arab Economic Unity, which is on the road Many Egyptians great people who paint the future map of the world such as New Abdel Shakour Shaalan, Mohamed ElBaradei, and others, despite fears that the proceeding is agreement on the liberalization of services trade GATS on the same march sister GATT on Trade in Goods to open the markets of developing countries to developed countries in One-way direction while the developed countries closed their markets to services in developing nations boring repetition of the scenario of the past.

Egyptian economic news ( 3 )

Fri, 27 Jun 2008 14:09:22 EST

Egyptian economic news ( 3 ) - by yehia

200 Million dollars to finance 23 New projects among the Nile Basin countries.

Dr. Mahmoud Abu-Zeid, Minister of Water Resources and is underway between Nile basin countries studying 23 projects in the areas of irrigation, trade, energy, navigation, tourism and other projects that have provided the European countries and international donor institutions like the World Bank 200 million dollars.

This came in a speech delivered by Dr. Hussein curl in the opening meetings of the Nile Basin countries, including 10 African states including Egypt, which began yesterday in Cairo, organized by the National Planning Institute in conjunction with the National Office for the Nile Basin Initiative, Ministry of Water Resources and Irrigation. The Minister of Irrigation that the initiative includes two axes: first, to maximize the utilization of shared water and waste water exploitation for the benefit of the Nile Basin countries, and second to find a legal and institutional framework for cooperation between these countries for sustainable development. He said that for the first time been agreed upon 95% of the framework of cooperation between the Nile Basin countries. He added that Egypt will take part training and transfer of expertise, particularly in the area of water resources and irrigation.

And Dr Othman Mohamed Othman, Minister of Economic Development and the challenges facing African countries is between the two Nile Basin countries, notably poverty and the problems of trade, transport, navigation and communications. Emphasized in his speech delivered on his behalf by Dr. Ahmed Farhat adviser to the Institute of National Planning in Egypt focus Openness to the south African States also focused on the east of Arab States and Egypt can be made by the Nile Basin countries experiences in joint ventures.

Egyptian economic news ( 2 )

Fri, 27 Jun 2008 14:05:07 EST

Egyptian economic news ( 2 ) - by yehia

Mohiuddin: development of investment climate And reduce transaction costs

Dr. discussed. Mahmoud Mohieddin and Minister of Investment Group of actions taken by the Government to reduce transaction cost and shorten the time and facilitation to investors in general and to small and medium enterprises in particular, because they provide jobs and contribute to these projects specifically in the generation entering Gaza Range of youth and low-income people. This came during a meeting held by Dr.. Mahmoud Mohieddin and Minister of Investment with a group working on the development of investment procedures, headed by Dr.. Ziad Bahaa Eddin, head of the Board of Trustees of the General Authority for Investment and the presence of representatives of the Ministry of Finance and Justice The Ministry of Administrative Development and Local Development and the Ministry of Housing and Investment, Ministry of Trade and Industry as well as representatives of the Central Bank.

The minister pointed out that the actions already taken include all its relevant investor in the exercise of its activity from entering the market and the end of the liquidation of the project and get out of it, in the area of activity start discussions on what actions had been taken to reduce the minimum capital required for limited liability companies to 200 Pounds so as to facilitate support small and medium enterprises as well as reduce the cost of incorporation and shortening the number of procedures necessary to set up companies after assembled at the headquarters of one body investment. Discussions also touched funeral done in registering property, where they were shortening the time required for the registration process has been In access to credit after the establishment of a credit inquiry, which started its activity in March last, in the area of cross-border trade, where they were shortening the time required to process imports and exports in the areas of investor protection. The minister pointed to the huge development introduced by each Construction of the common law, which significantly shortened the time and cost of building permits and special economic Courts Act, which would have the greatest impact on investor protection and rescue contracts and litigation procedures.

Egyptian economic news ( 1 )

Fri, 27 Jun 2008 13:59:18 EST

Egyptian economic news ( 1 ) - by yehia

Rashid, Minister of Industry and Foreign Trade: the introduction of the abolition of customs between Egypt and the COMESA and Arab Free Trade

Al-Rashid Mohamed Rashid, Minister of Trade and Industry, during the end of this year and early next year will begin implementation of agreements Agadir, COMESA and Arab Free Trade on cars, where they are allowed to export and import of cars to and from the members of these agreements States without tariffs, provided not less percentage of local components 40% of the selling price of a car factory.

This came during a speech delivered by Al Rashid yesterday evening at the closing meeting of the International Conference for the auto industry strategy, which was held under the slogan of Egypt's industrial base, in which representatives of more than 85 companies from the automobile companies local and global, have been discussed during the meeting Strategy of the auto industry and its feeder industries in Egypt during the coming stage.

The minister added that this development represents a challenge and opportunities for the Egyptian auto industry, which provides new markets for the export of cars produced in Egypt to a large number of Arab and African members of the conventions of Agadir, the Arab Free Trade, and COMESA. He called Rashid companies Production of cars in Egypt to prepare for this stage, use it and develop plans for marketing outside of the car, pointing to the need to focus largely specifications and quality and changed to fit the required specifications in the Arab and European countries.

85 Egyptian and international companies in an international conference in Cairo for auto industry in Egypt

Wed, 25 Jun 2008 16:22:55 EST

85 Egyptian and international companies in an international conference in Cairo for auto industry in Egypt - by yehia

The participation of 85 Egyptian and international companies in an international conference in Cairo A comprehensive strategy for the auto industry in Egypt :

Events began yesterday, the International Conference on cars, held in Cairo and attended by representatives of more than 85 Egyptian and international companies for cars .. looking at the conference to prepare a strategy for the auto industry in Egypt during the coming period, giving the engineer Amr honey head of General Authority for Industrial Development , Stressed that the volume of auto production in Egypt increased from 46 thousand and 422 in a car in 2003 to hit 101 thousand and 319 in a car in 2007 increased by 118%.

The volume of demand for cars in the domestic market of 70 thousand and 834 cars beginning in 2003 has reached 227 thousand and 448 cars at the end in 2007 increased by 200% and explained that the number of Companies that compile cars in Egypt now stands at 17 companies there are 27 production line for the compilation of passenger cars and commercial vehicles and light trucks and buses, said: "The production has risen during the first quarter than in 2008 at 30.4% Compared to the corresponding period of last year, as the volume of production to 35 thousand and 703 cars.

He confirmed Mr. Adham Nadim Executive Director of the Industry Modernization Center participated in the conference that many world countries, including Korea, India, Japan, Germany, Lebanon and said: that there is considerable concessions provided by the State to encourage the auto industry, including tariff and tax cuts for large supplies of Egyptian industry and conventions .. Free trade, which allows duty-free export to Arab countries and Europe. The supplier development program being carried out by the Industry Modernization Center offers to provide substantial concessions to encourage the development of industry components and spare parts needed for growth and encourage the auto industry in addition to expansion in the export of spare parts abroad .

The engineer Amr honey that the conference organized by the General Authority for Industrial Development in cooperation with the Industry Modernization Center had discussed the Government's vision for the auto industry and the basic principles and ways of cooperation between the public sector, government and the private sector to chart a road map, in addition to ways of improving awareness among investors by subtracting The successful experiences and put the growth rates in the auto market expectations and even in 2013, said representatives of some companies that manufacture cars of successful experiences in the automotive industry and plans for future expansions in the framework of these successes.

It was also discuss the results of field research conducted by the Board on the auto industry in Egypt and also make a presentation of a detailed development program for the registration of suppliers worldwide in companies to export products, through the different viewpoints, both the viewpoint of the government through the Industry Modernization Center, or the experience of companies benefiting or the viewpoint of suppliers Themselves.

Has also been reviewing the infrastructure of the auto industry in Egypt by clarifying the problems of stevedoring and logistics, engineering industries, especially in the auto industry, means of resolving decisively.

As discussed last meeting of the Conference of the principles of the strategy through a workshop for all the points are then formulated in the initial report is announced by Engineer Rashid Mohamed Rashid, Minister of Trade and Industry prelude to approve the strategy.

Egyptian-Saudi company to develop projects with capital of 600 million dollars

Thu, 19 Jun 2008 09:56:11 EST

Egyptian-Saudi company to develop projects with capital of 600 million dollars - by yehia

Within the framework of bolstering relations of cooperation and investment between Egypt and Saudi Arabia were to announce the establishment of Egyptian-Saudi company for the development and investment projects with capital paid 600 million dollars, and the company aims to enable investors Saudis and the Egyptians to take advantage of available investment opportunities between the two countries especially in the field of small industries And medium-sized enterprises.

He said. Mahmoud Mohieddin and Minister of Investment, a company that comes confirmation of the economic cooperation between the Egyptian and Saudi investors and the desire to develop these relations in a positive atmosphere and strong relations that bind the two countries and promote political leaderships in both countries for their benefit the two peoples of Egypt and Saudi , The minister pointed out that the demand by Saudi investors to set up a company reflects their confidence in the investment climate in Egypt to help attract more investments especially in labour-intensive projects.

The minister pointed to the government's keenness on promoting investment cooperation between the two countries and seek to attract more Saudi investments in Egypt, especially in light of distinguished Saudi investments in a number of areas most important areas of financial, agricultural, tourism and communications that contribute to the strengthening of trade relations and economic cooperation between investors in the two countries and cooperation With companies and local bodies, regional and global levels to provide and providing technical support for new projects and existing companies which promote them.

The company is the most important of a number of activities to identify investment opportunities in Egypt and Saudi Arabia both in new projects or existing companies and the preparation of studies and research necessary to evaluate those opportunities and to play a sponsoring company projects that demonstrate its usefulness as well as promotion between businessmen and investors to establish new companies and a number of companies that contribute Where the Saudi capital invested in Egypt by 1712 and spread to several sectors of companies of which 33% in industry and 23% in tourism and funding by 18% and construction by 10% and 8% in service sectors And 6% in agriculture and 2% of communication.

World Bank report 8.1% real growth of trade in Egypt

Wed, 18 Jun 2008 09:58:09 EST

World Bank report 8.1% real growth of trade in Egypt - by yehia

A report by the World Bank, 8.1% real growth of trade in Egypt and reduced restrictions on imports compared to the Middle East :

confirmed the report of the World Trade Indicators 2008, issued by the World Bank said that Egypt has achieved real growth rate of trade hit 8.1% in in 2007 and increased Exports amounted to 6.7%, the report pointed out that the past ten years have seen countries that impose barriers to trade lower performance level more consistent and stronger in trade and exports, as it has achieved sustained increase in the volume of trade, the report pointed out that Egypt has achieved a reduction The restrictions on imports since the beginning of the current decade in the Middle East and North Africa, the report pointed out that the areas of the Middle East and North Africa, South Asia and sub-Saharan Africa and is developing regions, which recorded the highest average customs duties, located in Africa, half of which comes Within twenty States that impose higher customs duties.

The report pointed out that the ceiling of customs duties in high-income countries is still much higher than in low-income countries, and the continuous application of customs duties, in particular in areas that pose the greatest importance to the exports of many developing countries.

For trade in services report confirmed that there are many benefits from liberalization of services trade, but still moving slowly in this matter, especially in low-income countries.

He cautioned the report to the problems suffered by exporters, especially in low-income countries, where there are many difficulties facing them to deliver their products to foreign markets. Where it is imposing tariffs on their exports on average up to 9.7% increase Significantly more than the tariff on high-income countries.

The report pointed out that the improvement of local institutions in low-income countries will work to enhance the performance of these countries in the area of exports, especially in the manufacturing industry and services, and will help to support markets and new products, with trade exceeding the cost of the tariff, in many States, to improve trade logistics in developing nations would achieve significant gains in terms of lifting trade performance.

Egyptian President Mubarak's most trusted leader of the Division between the peoples of the world

Tue, 17 Jun 2008 18:20:13 EST

Egyptian President Mubarak's most trusted leader of the Division between the peoples of the world - by yehia

Washington
Egyptian President Mubarak
The global poll conducted by the world public opinion and WorldCom Aopinion Eorganezishn America that President Hosni Mubarak is the most trusted leader of the Division of the leaders of 20 nations surveyed. The poll results were released by the U.S. magazine Newsweek in its last issue, and aired Yesterday Middle East News Agency that the confidence of Egyptian President Hosni Mubarak's ability to manage and dispose of international affairs, and resolving global problems, recorded the highest level of the people expressed confidence in its leader, as this rate reached 94%. The Organization , Which conducted the poll, one of a network of research centers affiliated to the trends of international politics at the University of Maryland's famous American.

The poll was conducted on a sample of 19751 people in 20 countries in the world represents 60% of the world's population, and these countries are: China, India and the United States, Russia , Indonesia, Nigeria, Mexico, Argentina, Britain, France, Spain, Azerbaijan, Ukraine, Egypt, Jordan, Iran, Turkey and the occupied Palestinian territories, South Korea, and Thailand.

One of the most important poll also showed that U.S. President George W. Bush was one of the least accessible presidents in the world trusts people, not superior in only a lack of confidence, Iranian President Ahmadinejad and Pakistani President Pervez Musharraf.

He said the poll: that 23% of the world's people who trust Bush's ability to manage the world, compared with 22% of Ahmadinejad, 18% of Musharraf. It was ironic that the opinion poll , Which was conducted from Jan. 10 to May 6 years showed that the Americans themselves do not trust the President, where Bush did not happen only on the confidence of only 42% of his people, whilst 59% Americans expressed confidence in British Prime Minister Gordon Brown that any Americans have confidence in Brown more than Bush!. The poll found that 47% of Egyptians placed Chinese President Hu Jintao at the top of the list of leaders best able to lead the world to the right path. While the poll indicated that the United Nations Secretary-General Ban Ki-moon was appreciated universally positive, however, the Arab peoples, covered by the poll, did not express confidence in it, which did not happen only on the confidence of only 22% of Egyptians.

The largest economic grouping Islamist presence of ministers from 56 countries

Mon, 02 Jun 2008 14:45:45 EST

The largest economic grouping Islamist presence of ministers from 56 countries - by yehia

Opens today Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz, the third annual session of the Islamic Development Bank Group, which is held in Jeddah and lasts two days, and the presence of the Minister of Finance and Economy and Planning in the Member States the bank's 56 States .

Dr Othman Mohamed Othman, Minister of Economic Development head Egypt's delegation to meetings of the Board of Governors of the IDB, that this event is the most prominent Muslim in the economic arena, as the largest economic grouping international Islamic, where he will meet at such meetings in the decision-makers Bank Group and one on the table to discuss the most important economic issues facing the Islamic world.

The minister said he would address in his address many issues of concern to Egypt and from Member States need to develop mechanisms for the bank to finance projects and develop existing ones in line with the requirements of Member States so that the competitive conditions of the conditions of development finance institutions similar, with the bank to take measures to lift the proportion of funding Provided to the agricultural sector and food security in the Member States contribution to cope with rising global prices of food and its implications on the development plans and programmes in member states, in addition to directing more resources to education and health sectors as well as increased allocations of funding human development and expansion in financing infrastructure projects At the regional level of Member States. The minister pointed out the importance of providing the necessary resources to support the role and participation of women in economic and social affairs, political and economic empowerment through Luxor to reduce poverty. And the importance of the bank to make more efforts to activate and stimulate economic cooperation between Member States relatively advanced The least developed in Africa and Asia to be the focus of this cooperation is directed to human development and poverty alleviation.

It is noteworthy that the Islamic Development Bank is an international financial institution aiming to boost economic development and social progress of the peoples of Member States and Islamic communities in non-Member States collectively and individually, according to the principles of Islamic Shariah, the bank has been established pursuant to the statement of resolve by the Conference of Ministers Financial Muslim countries, held in Jeddah in December 1973 and officially opened on the twentieth of October 1975.

Minister of Investment at the EUROMONEY II REAL ESTATE FINANCE: 2.2 billion pounds

Tue, 27 May 2008 16:36:44 EST

Minister of Investment at the EUROMONEY II REAL ESTATE FINANCE: 2.2 billion pounds - by yehia

He said. Mahmoud Mohieddin and Minister of Investment that the value of real estate finance loans increased from 16 million pounds in June 2005 to reach 2.2 billion pounds in March 2008, an increase of one billion pounds last year. As The number of corporate real estate finance companies to 8 along with the Egyptian Company for refinancing real estate.

He pointed at the conclusion of the EUROMONEY yesterday that the support of the guarantee fund and support the real estate finance in March 2008 reached approximately 36.7 million pounds. He said that the actions being implemented in the field of real estate financing includes participation in building and economic units nationwide, And the opening of new branches of the Fund governorates of Alexandria, Aswan, in addition to activating the regulations on the establishment of investment funds, real estate and the Egyptian Company for refinancing the signing of contracts for re-financing with a number of real estate financing companies and banks.

Regarding the challenges of the real estate sector, the minister pointed out that it is the need to build an estimated 5.3 million housing units in the period from 2005 2017 and the need to 360 thousand units annually and cover the accumulated deficit from previous years and the estimated 2.5 million housing units for middle-and low-income people in addition to that 13% of real estate wealth in need of replacement as challenges include building 500 thousand new housing units for youth in 6 years ending in 2011.

He said that the real estate sector contributed about 8.6% of GDP for the year 2007/2006 and the real estate sector absorbed 11% of the total additional direct employment generated in the national economy for the year 2006/2005.

In reply to a question about the ability of low-income people to benefit from the programmes estate finance minister stressed that there were several programmes implemented by the government and aimed at low-income housing cooperatives and their units included in the electoral program of President Mubarak and access to low-income levels.

As for the possibility of a bourse for real estate in Egypt stressed that this idea is being raised and studied drawing from the experiences of other countries and there is no objection from the application in Egypt. And on the use of insurance funds and insurance as sources of long-term finance minister indicated interest in the search for sources of financing long-term view of growth Gaza securitization, and insurance companies under the current legislative development can employ money in the form of longer range and also develop the role of pension funds in long-term funding.

Michael Paul spoke of civil and economics professor and expert in real estate finance area of the real estate sector is the existence of some reforms, pointing out that the mortgage market can grow only in the light of improved credit conditions. He said that activating the real estate finance market requires reducing the rate of inflation and the presence of A stable rate of growth and stability in the economy in general.

Michael Paul pointed out that the real estate market will witness a boom during the period from 2009 to 2011, where would begin to recover from past crises, including the U.S. mortgage crisis.

He spoke of Osama Saleh, chairman of the real estate finance the development of new insurance policy to secure loans for the units under Finishing, which constitute an obstacle to citizens to obtain loans to finish their units of housing.

He said that the coming period will witness a further bid to citizens dealers real estate finance system through the provision of receptacles lending commensurate with the new owners of different incomes.

The head Fathi SBAI Housing and Development Bank in the third meeting of the Conference of the development of real estate markets in Egypt, pointing out that the volume of work in the real estate finance market in Egypt is still limited but there are signs of good indicators and given the entry of several companies in this area.

Elizondo, speaking now Vice Chairman of the National Committee of Mexico, Mexico's experience in the field of real estate financing and its ability to remove all obstacles hindering the process of financing and providing loans commensurate with the entry of citizens.

It also pointed to Angela Yong, Vice President of Marketing and Management Development in one of real estate companies in Hong Kong need to develop credit and provide an opportunity for all segments benefit from them in addition to streamlining the procedures for obtaining loans for real estate financing. She welcomed many foreign companies investing in the area Real estate financing in Egypt.

The collapse of the dollar against the pound did not benefit the Egyptian economy

Sat, 10 May 2008 15:47:22 EST

The collapse of the dollar against the pound did not benefit the Egyptian economy - by yehia

The rise in the price of the pound against the U.S. dollar trading over the past two months to raise many question marks in the Egyptian economic circles, and more question marks statements, Dr. Youssef Boutros Ghali, Minister of Finance on expectations the dollar down against the pound and 5.30 pounds to reach the end of this year, and increased confusion Ghali retreat from his statement controversial.

The pound rose by 2.8% against the dollar recently, the decline accelerated last very significantly over the past two months, but exports will not be affected because the pound had risen against the euro or the pound sterling since the European countries is considered the largest trading partner of Egypt, the main source of tourists.

At the top reasons for the high rate of the pound against the dollar reduced the U.S. Federal Reserve interest rate by half a percentage point last September, rising interest rates in Egypt and prosperity of the tourism sector and the high price of oil and gas.

The dollar had not fallen before the Egyptian pound only, as also declined against the euro and the pound sterling and Japanese yen, while similar to the collapse of world famous American currency, prompting foreigners residing in Egypt to sell the dollar and buying the pound, which escalates dramatically.

It also increased the collapse of the dollar against the pound, the report showed a surprise drop in U.S. orders of durable goods manufacturing, as the euro rose initially against the U.S. dollar to 1.4310 dollars immediately after the issuance of 1.4305 before the report was issued. The dollar fell against the yen to 114.10 yen from 114.20 yen before the report was issued.

The decline in the dollar rushed to the Central Bank of Egypt for the purchase of huge quantities of it after it reached its price to 5.50 pounds in early dealings among banks on Thursday, October 25, in order to halt the rise in the pound against the dollar so as not to be affected by Egyptian exports abroad, which are in dollars, sources with the bank That foreigners rushed to buy the pound after the recent statements made by Minister for Finance, which expected to arrive during which the dollar against the pound to 5.30 pounds end of this year, central bank intervention immediately returned the American currency to rise slightly.

The central bank bought about $ 500 million, after-Ghali's statements of the magazine "cameraman" weekly that he expected the dollar to decline over 4% against the pound by the end of this year, to stabilize the price at about 530 pounds, but the Finance Minister, retreated from his statement, said the newspaper "World Today "that it had" no evidence of any statements related decline of the dollar or decline because American currency is moving according to the mechanisms of supply and demand.

The data showed room circulation of currency among banks administered by the Central Bank very high levels of the magnitude of the circulation of the dollar against the pound reached in total 1,176 billion dollars on Thursday, Oct. 25, compared with 132 million on Wednesday.

Rise in the pound against the dollar may be an indication of the revival of the Egyptian economy, but the decline in American currency universally confirmed beyond any doubt that the recovery of the pound is not in favour of the Egyptian economy as evidenced rush central bank to buy large quantities of it even rises again and drop the pound and the return of origin so as not to Prices are affected exports.

Businessman Samih Sawiris exit from the Egyptian market is out .. And expansion of external 'logical

Fri, 09 May 2008 11:44:46 EST

Businessman Samih Sawiris exit from the Egyptian market is out .. And expansion of external 'logical - by yehia

The businessman, Samih Sawiris, the Egyptian engineer of the rumors that some reports or deliberately or bad intent, in Egypt outside or inside on the Sawiris Family Working to emerge from the Egyptian market is incorrect or expression is out of the question, said Sawiris, the younger son of businessman forget hung head of Orascom Hotels and Development and a classified list soon, but he and two brothers, Najib and Nassif within the rich world that their goal is to support work in Egypt, and Expanding external logical step and give courage in support work in Egypt, and the expansion abroad is based on the reputation and confidence they had obtained in the Egyptian market, regional and described Samih cooperative housing project that will enter history as the best thing done by the Sawiris in Egypt .

One of the most important questions faced by Samih Sawiris, the rumors from time to time reports originating abroad and always find resonance at home that the family Sawiris Seeking to transfer activity and was liquidated in Egypt, and supported by expansionary trend in overseas markets beginning of Orascom Telecom to buy Italian Lindh transaction via the cement sector in Orascom Construction of the French Lafarge through the inclusion of Orascom Hotels and Tourism, headed by Samih index in Zurich of Switzerland.

Samih Sawiris, an answer came to all these accusations saying that the negative on the contrary, all these moves to support work in the Egyptian market and also offers its presence in global markets amid major global companies, with regard to the inclusion of company stock exchange in Switzerland, has taken this step more good For our part, everything the examine 20 times and been put up to 40 people once before approving it, and we are there to implement a huge real estate project 'in the province of Uri'The inclusion of the company in the Swiss Stock Exchange greater opportunities to finance the expansion plans of regional and international levels, especially Europe and easy road ahead to enter into new projects with international entities without any discrimination, and also allows the company to be among the top 50 companies recorded in the Swiss Stock Exchange index and expressed smi Interest for all global investment funds, confirm that the exit from Egypt is out of the question, has increased this talk is not true also with a deal with Nassif French Lafarge because of a misunderstanding of what happened while others interpreted in the same direction sinner.

But what about that report, which exited by the British Sunday Times about the negotiations for the sale of Orascom Telecom The thrust of the numbers of the nearest health accompanied by a list of companies with their weight .. Does this reflect on the war against Orascom?

Here, Samih Sawiris, shows that that report was immediately denied, and has already stated the report and the fact there has begun to figures and facts are real and well known and not new, but amid all these facts stated what is not true, the fact that Naguib Sawiris, Orascom Telecom has become a source of concern for many people, both from Where business volume or speed of decision-making venture Unlike other global companies compete, and allow him freedom of movement and decision-making quickly and risk may not be present when rivals.

How would you explain the growing trend towards expansion outside?
Let me talk about Orascom Hotels and Development 'ohd' and also the presence of 8 so far in foreign markets, and what is being expanded from the outside is an economic rationale,This explains the advent of foreign investors to the Egyptian market, is known that when a company grows to a certain extent it is necessary to expand in other markets, and we have done this because the expansion guarantee the distribution of risk in terms of its various forms, in addition to the nerve to increase investments in Egypt and therefore This step represents greater support for our presence in Egypt and the income comes at the end of the Egyptian company owned by Egyptians.

How is the selection of foreign markets .. Why the Sultanate of Oman, for example?

We have been working in the Sultanate of Oman under the direction of my father who was always tells me to go there are neglected in this direction, and already ratified by his intuition, is a promising market We began by establishing their capital in the company 500 million dollars with the participation of the state by 30% under the name 'Moriah' with 4 projects with investments exceeding $ 2 billion, and one of these projects the size of John and the second volume of Nile City and the third island, we have succeeded so far in the sale worth 250 million dollars in the draft Salalah and Cebu, and when we went to Amman, went rigid reputation of heart, because confidence is the basis of the starting capital, and when we offered to buy the land and our rejection of our request to be rented for a nominal fee for 50 years and then have your right of purchase, and that was why Laying the base there, and this is our reputation because we have not done ever in Egypt Ptsagie or sell land as happened in Hurghada or other regions.

What about social responsibility Lal hung away from projects and job opportunities that provide?
¬ We have begun the implementation of cooperative housing project, and the land we received from the state at a price of 70 pounds per meter, and when we found the cost of utilities up to 100 pounds, was agreed on a symbolic price of another, and we extend utilities and construction has built a 10 thousand unit went to President Hosni Mubarak a message for the inauguration Project, and I think that the cooperative housing project will go down in history as the best thing he did Sawiris Family .

How to ensure the success of that project?
answer Samih Sawiris Palm: Unfortunately we have noted that there are many people had applied for the project which does not need him, and the reason is the quality of implementation, which pushed them to provide him was thought to reduce the 'Alkiwaliti' after it found that NASA 'Kish' unit price and paid 20 thousand pounds In the bank although this violates the agreement with the government which falls short of these units on the monthly income does not exceed 1500 pounds.

In another question about economic performance in Egypt, and here he responded that the government had unprecedented successes and achievements of major economic level, but inflation was unprecedented in all the states of the world to fly and all that prevents the arrival of these successes to the lower strata of society after they had Started to feel the beginnings of these successes is the new challenge which is currently dealing with the government.

started in Beirut of Arab economy and involving a number of senior officials in Arab countries

Sun, 04 May 2008 18:11:20 EST

started in Beirut of Arab economy and involving a number of senior officials in Arab countries - by yehia

He added Mahmoud Mohieddin and Minister of Investment to the conference that there seriousness of recent global trends in some advenced industrial countries to expand the production of energy from food, pointing out that the more important that the world moves to develop and solar energy and allocate more the necessary resources to develop.

he called for using the surpluses Arab achieved as a result of the high price of oil in acclerating rates of Arab development and financing giant investment projects to support agricultural development and food porduction in line with needs of the Arab world.

Mohieddin criticized by some western countries to impose restrictions on investment funds, sovereign Arab calling for the imposition on hedge funds funds and the west said that Arab funds committed in the area of investment transparency and long term investment away from the bad things and therefore should not take any measures against them.

The address file inflation and high prices should not occupy Arab governments on the continuing economic reforms.

He stressed that Egypt is undergoing rapid economic and investment fields in Egypt and are prepared to facilitate the task of providing capital for Arab and foreign in order to provide attractive investment climate and said that the Egyptian economy achieved a very Growth rates and that there are real opportunities for investment.

He called for integration between public and private sectors in Arab countries in agricultural development projects and said that spending on the infrastructure needed for these projects may become a necessity justified by economic exigencies.

He spoke Raouf Zaki, director Business and Economics Foundation

organization for the conference, he pointed out that the Forum for the sixteenth year in a row in Beirut confirms the confidence of the Arab homeland Lebanon's ability to transcend its problems and overcome obstacles and hinted that he was afraid not to attend some in the light of the difficult conditions experienced by Lebanon but the Arab diligence Lebanon was the greatest of all fears.

He commended President Dr. Nabil Itani government institution to promote investments in Lebanon Ideal Egyptian role in encouraging the Lebanese economy and said that the volume of trade exchange between the two countries amounted to 427 million dollars the value of Egyptian exports, including 379 million dollars and Lebanese exports 48 million dollars, pointing out that Egypt imports 60% of the Lebanese production of apples, one of the most important markets for imported goods and Lebanese agricultural products.

He said at a symposium organized by the commercial representation office in the Egyptian embassy in Beirut in collaboration with the Ministries of Economy and Agriculture of Lebanon to discuss prospects for cooperation in agricultural products between the two countries that the government attaches particular importance the development of exports to various countries around the world which contributed a major role in the founding of the national program to support agricultural exports . On his part, Dr Ayman Othman, head of the Egyptian Commercial Office in Lebanon that the Egyptian government and encourage the movement of trade exchange between the two countries will apply a set of facilities including a mission of experts inspected the Ministry of Agriculture revealed the Lebanese exports before shipment to Egypt to shorten the time in obtaining approvals bodies Competent in agriculture was also inaugurate the navigation line between Beirut and Alexandria, organized by the Egyptian Company for Maritime and shorten the distance and help to ensure the transfer of exports between the two countries in record time and without exposure to the risks of road transport, especially vegetables and fruit.

Egyptian pound and the dollar .. Stops and historical stages

Sat, 26 Apr 2008 15:16:29 EST

Egyptian pound and the dollar .. Stops and historical stages - by yehia

At the beginning of the sixties, Egypt announced agreement with the IMF that the Egyptian pound equivalent of U.S. $ 2.3-taking at that price stability for a long period that began decline of the pound against the dollar has reached 320 U.S. dollars per penny at the beginning in 1991.

The reason for this decline is economic reform in cooperation with the International Monetary Fund has been installing the pound against the dollar at 320 pts.

Although fixing the exchange rate began to increase the value of the dollar against the pound in 98 up to 347 pounds to the dollar and the effects of this concern CBE, which proceeded to intervene rapidly to control the exchange rate by pumping a large amount of foreign exchange.

Marched in the Central Bank the same vein 99 at the beginning of pumping large quantities of foreign currency in an attempt to control the rising prices.
It is noteworthy that the process of pumping by the Central Bank led to a decrease in losses and the reserve price differential between the official exchange rate of $ (430 pts) and sold at market rate (348 pounds).

Although the pumping operations but the dollar continued its rise before the Egyptian pound.
Despite attempts were fruitless to try to control the exchange rate tended to contrast the government is the liberation of the exchange rate in 2003.

the Suez Canal value paid in Egyptian pounds, what would have happened

Sat, 26 Apr 2008 10:22:50 EST

the Suez Canal value paid in Egyptian pounds, what would have happened - by yehia

Question presents itself to anyone who wants to answer

If applicable theory, Dr. Mustafa Al-Saeed in the passage of any foreign ship in the Suez Canal value paid in Egyptian pounds, what would have happened

Was the shares will rise pound in the face of other currencies

Or what would have happened

This is what we will be discussing this subject

Each interested Egypt's economy .

There are several theories that explain this subject:

A view was expressed that if it entered the Suez Canal will activate the Egyptian pound deal in all countries of the world working area of maritime transport and loading and unloading.

Another view expressed that in turn will be no liquidity of foreign exchange cover the value of imports from abroad, especially given that it is less than our exports and, of course, if we can export the local currency but we can not import currency imposed by the importing State and of course this currency would be the first international currency is the U.S. dollar .

This view is precisely the most discussed and deliberated views
After thorough study of all the opinions actually proved that good opinion is healthier views and therefore have been dealing in dollars and in return, the Government has taken a number of the correct procedures heart and mind in the interest of the Egyptian pound to float the pound, including the abolition of the reserve in the Golden Treasury and put them all valued at U.S. $.
But unfortunately the circumstances were not in the public interest of the pound after the U.S. dollar was unable to compete on one of the events of Sept. 11 was eclipsed by the U.S. dollar in the only trauma due to destabilize the U.S. economy and foreign companies operating in the United States and also the wars waged by America against a number of states destabilized Of the value of the dollar value of all I told the world except Egypt.
The reason we also say that the pound offset in the state treasury dollars, not gold.
Say When the dollar throughout the world Say much less than the pound for pound the dollar increased significantly.

Expectations of continued high gold prices result deteriorating U.S. economy and declining dollar

Fri, 25 Apr 2008 15:55:30 EST

Expectations of continued high gold prices result deteriorating U.S. economy and declining dollar - by yehia

Gold hit a historical record and break the barrier of 931 and expectations of his arrival at 1000 dollars per ounce R.

Political and economic conditions experienced by the world are the main drivers of gold rises insane.

The state of anxiety, tension and loss of confidence in international stock markets and rising oil prices the main reasons for the high precious metal.

Despite the high prices but there is a general situation of recession dominated most of the countries of the world.

Many investors resort to the disengagement and liquefying the deposits of cash and investment portfolios to buy gold bullion as the best investment areas.

World Gold Council recorded a decrease of demand in the Gulf markets and Egypt by 34 percent from 2005 and 2006 .

World gold market has seen huge rises in the last period and scored in the dealings last week 931 dollars per ounce to hit a historic high of not informing him earlier and experts attributed the cause of such rises to resort investors to buy the precious metal as a safe haven for value and speculation because of the credit crisis and reduce the interest rate the U.S. to 75 points Supported concerns about the deteriorating U.S. economy, which pushed the dollar to unprecedented declines.
     In addition to the continuing rise of oil to record levels, which makes it a good opportunity for investors to compensate for losses suffered as a result of lower international capital markets after the mortgage crisis in America.
In spite of the fiction of gold rises, but the latest report issued by the World Gold Council showed that demand in the Gulf and Egypt markets retreated about 34 percent to record 26 tons in the first half of this year, down from 165 tons in 2006 and 220 tons in 2005 and considers this decline The largest among the regions of the world but the volume of demand in Saudi Arabia which is considered the largest Arab markets decline to less than 64 tonnes, recording a decrease of almost 29 percent came percentage drop in demand in other Gulf countries lower unit registered 18 percent and the question now is whether this will continue through Rises The coming days? Will gold already become the only alternative to surrounding against inflation experienced by developed countries in the world now? Is the best alternative for investing in currencies and bonds? What is the outlook for these goods is important factors affecting the rising economic factors only, or that it transcends much?
     High and low
      Attached Rafik Abbas, President of the general division of Gold dealers, the Egyptian Chamber of Commerce on the conditions of global and local gold, saying that the Egyptian market, like most countries affected by global markets Any rise or drop in world gold prices offset the rise and decline in domestic markets, but we find that the Egyptian market, although These huge rises in the commodity at the global level, however, sales in Egypt, much lower than in previous years and therefore the impact on the quantity of production and supply of these goods in the Egyptian market
As for the world market prices have been affected by several factors, notably shaken the U.S. economy, which started cast a shadow over many countries it seeks to acquire gold as security for their savings, in addition to the low dollar exchange rate before the rest of currencies that many investors tend to view investment liquefying their pockets buying gold To maximize their profits as such rises have affected the deposits of banks, which are checked by their owners to buy gold So I think that gold is now the best long-term investment areas.
     As for the expectations of the continuation of this wave of rises, I believe it is possible during the coming days, a kind of corrective decline to reach the price to 700 dollars an ounce, but this performance will return to the world economy during the coming period.
     He added Albert Boutros _ trader a gold manufacturers that what is happening in the market now is trying Kalhelm Ktjar absorb price of gold has jumped over the dealings last week, achieving a historic figure has not been achieved is absolutely 931 per ounce, a figure that we did not imagine happening over the past years has been the greatest rise However gold in January 1981 was 850 dollars per ounce.
     And the arrival of the world price to this extent the result of several reasons the inception following the events of Sept. 11, 2001, which record the time the price of gold to $ 255 per ounce and continued to successive rises so far and permeate this period some of the events which have had a great impact, such as mortgage crisis that occurred in U.S. and impacted negatively on the international capital markets was the beginning of the ramifications of tension in the American economy and a decline of the dollar against other currencies in addition to political problems multiplied after the other day, she was such rises shadow on the rest of the world market and Arabic.
      In the Egyptian market, prices have doubled over the past years more than 6 times as the price of one gram of gold to 145 pounds per gram during the past week compared with 25 pounds in 2000 despite the lack of demand for purchase only that the matter was continuing rises with gold completely different from any other commodity It does not rise by consumers today, we trade affected the purchasing power and suffer from a drop in purchasing Unlike past to the degree of price rise has made so much not on our side and led to the deterioration of the industry for lack of quantity of gold produced in addition to that there are many workshops Goldsmiths began absorbing this Is produced in Egypt and the crews of the lightweight gold does not exceed the ¯ 40 grams to fit any man on the verge of marriage so that it can absorb part of the crisis because of stagnant commodity low per capita income in Egypt.

Evolution of the performance of the Egyptian economy ( Part 2 )

Mon, 14 Apr 2008 11:47:12 EST

Evolution of the performance of the Egyptian economy ( Part 2 ) - by yehia

3 - the development of the real estate finance sector and 35% quarterly growth rate:
     1. Real estate finance sector is one of the most vital areas in the building and construction, which is a remarkable growth in Egypt, where the quarterly growth rate of 35%. Accordingly, the Premier stressed in a meeting held in 27-1-2008 funding Real Estate is one of the most significant sectors in the development of the banking sector in Egypt, where the volume of real estate financing of 193 million pounds in September 2005 to two billion pounds at the end of 2007.

   2. The meeting reviewed the evolution of the real estate finance sector and review the growth rates witnessed by the sector since the beginning of revitalization in 2005, explaining that the sector has witnessed during the past two years, a marked improvement according to the statistics of the Ministry of Investment, which made it clear that there is a big development in the activity of companies that provide the real estate finance companies at rates does not exceed the 10 to 15% and the remaining service in excess of 85% by the banks. with the development of the sector firms providing service to more than 25% funded banks by 75%.

   3. On the other hand, there is a big development in the activities of real estate finance and increase in the capacities of human development associated with this activity, as the number of real estate evaluation experts to 110 experts, as well as the proportion of the contribution of the real estate finance companies amounted to five hundred million pounds, while the percentage contribution of the World billion and a half billion pounds in 2007, which means increasing the contribution of these companies, which number five companies from banks total of 14 banks operating in this area.

4 - Egypt Japanese cooperation for the development and modernization of industry:

1. The Minister of Trade and Industry of 1 / 2 / 2008 is being completed technical studies on a project of cooperation between Egypt and Japan to develop and modernize the Egyptian industry and raise productivity and increase the efficiency and skill workers and technicians factories financing of up to 130 million dollars and will begin implementation of this project early April next During the technology center to improve productivity and quality of the Ministry of Development Bank of Japan.

2. The minister said that the project comes within the framework of continued cooperation between the two countries and benefit from the experiences different world for the development of the industry and raise its competitiveness and increase exports An agreement has been reached with the Development Bank of Japan to provide such funding in the form of grants and long-term loans to the Egyptian factories and companies to modernize and purchase of equipment and machinery and the training and employment of Egyptian professionals in Japan and Japanese experts in various fields to contribute to the development and modernization of Egyptian industry, explaining that it will identify mechanisms for the benefit of companies and the Egyptian factories of these grants and loans.

3. The project aims to serve various industrial sectors like Ramadan and the sixth of October and Borg El-Arab and other areas in different parts of Egypt in cooperation with the Japanese experts in addition to cooperation between the two sides to develop many of the promising industries such as electronics and automobile industry, food industries vital. V.: JOINT VENTURES and the Indian industrial specialized:

1. Met with Minister of Trade and Industry of 30/1/2008 Minister of Indian yarn and textiles during his visit to Egypt at the head of a high-level delegation representing the Indian textile industry to support ways of cooperation relations between the two countries in spinning and textiles and clothing.

2. The minister stressed Egypt's keenness to establish a special relationship with the Indian side, particularly in the field of textile where Egypt imports a large part of its requirements of the textile industry for handmade textiles and clothing from India, as India is the largest importer of raw cotton and yarn needed for industry textiles and clothing by pointing to the desire of Egypt to benefit from Indian expertise in the area of chemicals, textiles, special dyes and colors.

3. Addressed the meeting also discussed the establishment of joint companies in the specialized industrial zones and take advantage of free trade agreements to Egypt with the countries of the world, especially the QIZ agreement for the export production joint ventures.

4. Was also reviewed the Indian experience in the field of small and medium projects and specialized industrial groupings and the establishment of industrial zones in Egypt under Indian industrial developer.

5. For his part, the Indian minister pointed out that his visit to Egypt comes in the context of India's desire closer trade relations with Egypt as one of the largest countries of the Middle East and Africa, pointing out that he expects that the visit contribute to a greater cooperation in the development and modernization of industry yarn and textiles, especially after the memorandum of understanding was signed between the Indian Institute of Fashion Technology and the Egyptian Businessmen Association in the fields of textiles and fashion technology.

5 - talks to boost economic cooperation between Egypt and South Africa:

    1. Met with Minister of Trade and Industry yesterday approved 4/2/2008 with the Foreign Minister of South Africa, to discuss ways to deepen economic relations between the two countries through increasing the volume of trade exchange and joint investments.

2. They considered the establishment of Egyptian goods store near one of South Africa's ports, raising dumping fines imposed on exports of carbon black for South Africa, also were discussed a convention of trade freely with the Customs Union of South Africa and SACU, which includes membership of four countries along with South Africa, Botswana, Lesotho, Swaziland and Namibia. Besides, it has been delivered and the South African Minister of the memorandum of understanding prepared by the Egyptian side in the area of investment and technology to be considered a prelude to signing

Evolution of the performance of the Egyptian economy ( Part 1 )

Mon, 14 Apr 2008 11:40:39 EST

Evolution of the performance of the Egyptian economy ( Part 1 ) - by yehia

1 - improved macroeconomic indicators:

The monthly report, released by the Ministry of Finance on the economic performance indicators as follows:

1. Achieved a GDP growth rate of 6.9% during the first quarter of 2008/2007, and that prices of production factors, although the sector contributes the Suez Canal by 4.4% of GDP, it was more economic sectors developed and achieved 17.5%, construction sector and tourism 16.2% 16.1% 15.6% and communications.

2. Percentage of the total local government debt to GDP from 72.8% in 2006/2005 to 53.8% in 2007 / 2006 at a rate of decline of 19%.

3. Achieved a balance of payments surplus was totally $ 1.2 billion during the first quarter of the current fiscal year compared to one billion dollars during the same period in 2007/2006.

4. Achieved a balance of current transactions deficit limited estimated 92 million dollars compared with a surplus of 1.4 billion dollars during the reporting period, with exports rising commodity rate of 10.7% to reach $ 6 billion, including exports of non-oil about 3.5 billion dollars a growth rate of 19.6%, at the same time, commodity imports totaled $ 11 billion a growth rate of 32.3%, and exports of services rose to 6 billion dollars, a growth of 15%, while the proportion of exports of services to import about 201%, the report stressed the high net inflows of private remittances amounted to a substantial 50% to achieve 1.9 billion dollars.

5. Achieved a balance of financial transactions and capital flows within the net value of 1.7 billion dollars due to the marked increase in investments, which increased by 77.8% over the same period in 2007.

6. As for the performance of the economy during the fiscal year 2007/2006, the ratio of total debt to the local government to the local results in June 2007 by about 6.3 percentage point from 72.8% in June 2004 to 66.5% in June 2007 also increased total domestic public debt by 8.2% by the end of September 2007 to reach 513.3 billion pounds, compared with 474.3 billion at the end of September 2006.

7. External debt stock rose by about 1% to the equivalent of $ 29.9 billion at the end of June 2007 the equivalent of 23.3% of GDP, compared to 29.6 billion dollars in June 2006 the equivalent of 27.5% of GDP.

8. Percentage of the overall budget deficit to GDP increased to 54.7 billion, representing 7.5% of gross domestic product compared to about 62.2 billion deficit in 2006/2005 holistic balance represents 8.2% of GDP.

9. Proceeds went up the income tax during the year by 21.3% to reach 58.5 billion pounds, while sales tax revenue rose by 13.7% to 39.4 billion pounds, as well as customs revenues rose by about 7.4% to $ 10.4 billion.

10. The total public spending 222 billion pounds, of which 52.1 billion, wages and salaries growth rate of 11.6% over the previous year.

11. Government investments rose by 20.2% to 25.5 billion pounds achieved.

2 - Egypt jump to the center of the 85 on the list of economic freedoms:

1. Foundation announced Hedytej British in its fourteenth annual Economic Freedom Foundation in cooperation with the newspaper The Wall Street Journal and the assessment of the economics of which 157 state and of the freedoms enjoyed by as a number of criteria, including openness to the world and government restrictions, improving economic indicators and freedom of intellectual property and the rule of law -- that Egypt ranked first at the global level to improve, and economic reform in the economic freedom index. Egypt has jumped in this report from the Centre 127 in its report last year to the Centre 85 in this year's report to be the best economic reformer in the world.

2. The report pointed out that Egypt got a 59.7% rate in the index on freedom of work, which includes the establishment of companies and the rapid exit from the market is the element which impact on the proportion of Egypt in this area, where improved performance for the establishment of companies, which became takes over 9 days, one of the highest rates at the global level. As for the freedom of trade index has Egypt got 66% rate in that area was supposed to get Egypt to the rate of 76%, but still there are some non-tariff obstacles.

3. The report said that the foreign trade sector has witnessed great development and reforms in recent As for the index fiscal reforms Egypt has got to the rate of 90.8% in this area because of the numerous reforms in the tax and reduce tax revenue, public and corporate tax reforms in the area of sales tax. Either in the area of government spending, the report pointed out that a proportion of 30% of the GNP, which is a moderate but support is still pressure on the state budget has obtained Egypt to the rate of 73% in this area. As for the freedom index have cash Egypt got 69.9% and the proportion of those who were supposed to get Egypt to the rate of 84.9%, but he was deducting 15% as a result of the actions of the Government in the area of control in the prices of some food commodities such as energy, transport and medicines. For freedom index investment has Egypt got a rate of 50% in this area.

4. The report noted that Egypt has to allow foreigners to own 100% of the capital in addition to accelerating the procedures for investment in other sectors.

Investment in Egypt, and the advantages of land

Sun, 06 Apr 2008 19:45:16 EST

Investment in Egypt, and the advantages of land - by yehia

Egyptian People :The human wealth is an essential ingredient to Egypt where it is one of the engines that believes in a bright future them, Over the decades defined labour in Egypt Bmhartha severe and training at the highest levels, in addition to the demand for permanent acquisition of science and knowledge in various branches, as defined in the development of high capacity and create areas of the creative .
Education: Increase the level of education in Egypt where he found a variety of educational systems and suitable for all classes of people, in addition to a local university and 16 other foreign, and a number of specialized technical institutes, in order to build a workforce with specialized skills and highly qualified help to promote investment.

Inform the labour force in Egypt, about 21 million workers, as the number of graduates annually about 232 thousand graduates. Is the population structure in Egypt that 58% of the population under the age of 25, and about 41% of the population between 15 - 39 years.
Location: Egypt is the average location between Asia, Africa and Europe and represent a centre of global sea routes. There are airports in Egypt and advanced railway and road network extended to cover all parts of the country.

Egypt enjoys a distinct location in the center of the population of 800 million people. It represents a centre for the global maritime traffic with its commercial ports on the Mediterranean and Red. Egypt interested in the permanent modernization of the airports to meet the growing number of passengers and cargo. There is a modern road network linking parts of Egypt are linked to each other as the Middle East, Africa and Europe via neighboring countries.
Infrastructure:
       Provide electricity, water and natural gas at competitive prices (up natural gas reserves to 66 trillion cubic feet).
Rates of large reserves of raw materials available for many industries. Achieve huge investments in the ICT sector over the past three years, which led to a big increase in land telephone lines provided by Telecom Egypt and mobile phone lines provided by phone companies and Internet service in addition to the 180 companies.
And a diverse industrial sector provides a lot of opportunities in addition to the advanced business services meant to meet the needs of investors including the freight and insurance companies, banks, leasing companies and financial services and international law, accounting and advertising companies.
       Accessible to Egypt through a number of airports and ports on the Mediterranean and the Red Sea.
Sophisticated economic environment: Enjoyed economic performance and reform programme to assess international experts view of the low inflation rate, low budget deficit, and Egypt is a diverse economy, as there is no sector involved more than 21% of GNP.
In this context have been issued the new tax law in June 6, 2005, under the Act has been reduced segments tax to 50% or less benefited from this law everyone from businessmen, employees, dealers, and anyone who works in economic activity has Many details of the most important tax amnesty and reconciliation tax, as a trusted law was funded by dispensing on a comprehensive examination and administrative complexities .. Investigators alleviate the tax burden incurred by citizens and taking into account their abilities funding, was also reform customs included a series of tariff amendments that affect the development of a new tariff based on the simplification of customs procedures, by reducing overall average tariff to be 9%, and reduce the number of definition of categories (27) to the customs category (6) categories only, in order to simplify the structure of the tax and customs of greater transparency and reduce disputes arising from the large number of tariff categories and avoid personal diligence in determining the tariff applied by some workers customs.
Also began banking reform in Egypt three years ago, the issuance of a new law of the Central Bank in 2003 to ensure its independence required, and the amendment of monetary policy that interest rate view to withdrawing funds stashed in the family sector, and increasing foreign exchange banks, and develop a plan for integrating the banks, has The law a maximum of three years for local banks to increase their capital to 500 million pounds, and the branches of foreign banks in Egypt with 50 million dollars at a minimum, and that deadline expired in July 14, 2005 - after only two years - and a continuation of the efforts efforts in this area, it was decided to accelerate the implementation of the restructuring programme of Egyptian banks aim to complete all mergers and takeover within six months, specifically in the first quarter in 2006, reducing the number of banks operating in Egypt from 56 banks to between 35 and 37 banks only.

Types of Information Industries

Thu, 03 Apr 2008 17:00:21 EST

Types of Information Industries - by yehia

First, there are industries which produce and sell information in form of good or service. Media products such as television programs and movies, published books and periodicals would constitute probably among the most accepted part of what information goods can be. Some information is provided not as a tangible commodity but as a service. Consulting is among the least controversial of this kind. However, even for this category, disagreements can occur due to the vagueness of the term "information." Information, for some is knowledge about a subject, something one can use to improve the performance of other activities - it does not include arts and entertainments. For others, information is something that is mentally processed and consumed, either to improve other activities (such as production) or for personal enjoyment. It would include performing artists and architects. For yet others, information include anything that has to do with sensation, and therefore information industries may include even such things as restaurant, amusement parks, and prostitution to the extent food, park ride, and sexual intercourse have to do with senses. In spite of the definitional problems, industries producing information goods and services are called information industries.Second, there are information processing services. Some services, such as legal services, banking, insurance, computer programming, data processing, testing, and market research, require intensive and intellectual processing of information. Although those services do not necessarily provide information, they often offer an expertise in making decisions on behalf of clients. This kind of service industries can be regarded as an information-intensive part of various industries that is externalized and specialized.Third, there are industries that are vital to the dissemination of the information goods mentioned above. For example, telephone, broadcasting and book retail industries do not produce much information, but their core business is to disseminate information others produced. These industries handle predominantly information and can be distinguished from wholesale or retail industries in general. It is just a coincidence, one can argue, that some of those industries are separately existing from the more obvious information-producing industries. For example, in the United States, as well as some other countries, broadcasting stations produce very limited amount of programs they broadcast. But this is not the only possible form of division of labor. If legal, economic, cultural, and historical circumstances were different, the broadcasters would have been the producers of their own programs. Therefore, in order to capture the information related activities of the economy, it might be a good idea to include this type of industry into account. These industries show how much of an economy is about information, as opposed to materials. What matters, however, is producing valuable information or processing information in a sophisticated way, not the unintelligent movement of information.Fourth, there are manufacturers of information-processing devices that require research and sophisticated decision-making. These products are vital to information-processing activities of above mentioned industries. The products include computers of various levels and many other microelectronic devices, as well as software programs. Printing and copying machines, measurement and recording devices of various kinds, electronic or otherwise, are also in this category. The role of these tools are to automate certain information-processing activities. The use of some of these tools may be very simple (as in the case of some printing), and the processing done by the tools may be very simple (as in copying and some calculations) rather than intellectual and sophisticated. In other words, the specialization of these industries in an economy is neither production of information nor sophisticated decision-making. Instead, this segment serves as an infrastructure for those activities, making production of information and decision-making services will be a lot less efficient. In addition, these industries tend to be "high-tech" or research intensive - trying to find more efficient ways to boost efficiency of information production and sophisticated decision-making. For example, the function of a standard calculator is quite simple and it is easy to how to use it. However, manufacturing a well-functioning standard calculator takes a lot of expertise, far more than the task of calculation performed by the users.Fifth, there are very research-intensive industries that do not serve as infrastructure to information-production or sophisticated decision-making. Pharmaceutical, food-processing, some apparel design, and some other "high-tech" industries belong to this type. These products are not exclusively for information production or sophisticated decision-making, although many are helpful. Some services, such as medical examination are in this category as well. One can say these industries involve great deal of sophisticated decision-making, although that part is combined with manufacturing or "non-informational" activities.Finally, there are industries that are not research intensive, but serve as infrastructure for information production and sophisticated decision-making. Manufacturing of office furniture would be a good example, although it sometimes involves research in ergonomics and development of new-materials.

As stated above, this rather long list of candidates for information industries is not a definitive way of organizing differences that researchers may pay attention to when they define the term. Among the difficulties is, for example, the position of advertising industry.

SIIA Issues Rewards to Seven Software Piracy Whistle-Blowers, Nation's Largest Corprate Anti-Piracy Reward Program Pays Out $22.500 in one month .

Washington , DC -March 31, 2008. The Software Information Industry Association (SIIA), the principal trade association for the software and digital information industry , today announced that it paid $22.500 to 10.000.

Since 2003, the SIIA Anti-Piracy Rewards Program has given out the most, and the largest, anty-priacy awards of organization. The rewards, wich from $500 for a settlement of $10.000 to $1 million for cases with settlement amounts over $20 million , are given to eligible individuals who report verifiable instances of corporate piracy . In 2007, SIIA issued 26 rewards to individuals who reported of corporate end-user software piracy.

Corporate software piracy hurts American businesses, damages our economy and undercuts innovation and creativity, said Keith Kupferschmid SIIA's SPV of Intellectual Property Policy and Enforcement "People who help track down corporate pirates play an important role in protecting businesses that play by the rules and ensuring the future competitiveness our software industry."

Kupferschimd continued, " SIIA is committed to rewarding individuals who help stop software piracy in the workplace. Our industry-leading reward program is an effective tool for encouraging individuals to provide accurate and reliable reports of software and content piracy . We value the extensive cooperation our provide us combat corporate software piracy."

Egypt , Minister of Investment Report

Fri, 28 Mar 2008 19:17:25 EST

Egypt , Minister of Investment Report - by yehia

Testimony to the success of a new international investment climate Egypt Africa .. first in attracting foreign investment

Egypt got testimony to the success of a new international investment climate by .. They won first place at the level of the African continent and the second at the Arab level in attracting foreign direct investment .. According to the World Investment Report in 2007, released by the "Alantekad" of the United Nations.

Report praised the ongoing improvement in the investment climate in Egypt. The flows of foreign direct investment to Egypt in 2006 accounted for more than 40% of the total investments flowing to North Africa and about 30% of foreign investment flowing to the entire African continent.

It is noteworthy that the World Investment Report is the main report, which monitors the performance of the overall foreign direct investment in various countries of the world. Covering about 200 economy in addition to the contents of a number of indicators of foreign direct investment, which reflects the significant performance and potential and capabilities of the various countries in attracting foreign direct investment.

Egypt organizes international economic conference in the city of Sharm El-Sheikh in May next month .. Conference focuses on the economic relations between Egypt and North Africa and the European Union.

Engineer Rashid Mohamed Rashid, Minister of Trade and Industry that peace - during his meeting with his British counterpart "John Hutton" - a message from President Hosni Mubarak to Gordon Brown, the British Prime Minister for his invitation to attend the economic conference in Sharm El-Sheikh.

Declaration of the United Nations report on world investment

Institute of Diplomatic Studies of the Ministry of Foreign Affairs held a press conference today on the occasion of the Declaration of the annual report of the United Nations Conference on Trade Development in 2007 World Investment report, which will address an investment by non-national companies in the extractive industries aimed at development rates .

Ambassador Saleh opened the conference Shalabi, Assistant Minister of Foreign Affairs and Director of the Institute of Diplomatic Studies and will be attended by Maher Nasser, director of the United Nations Information Centre in Cairo and Assem Ragab Chairman of the General Authority for Investment, which will deliver a speech on indicators improved Egypt on the map of global investment in addition to the presence of representatives of ministries and departments and companies concerned with investment.

Egyptian aid to African nations (Republic)

Ambassador Neven started Ashmawi Secretary General of the Egyptian Fund for Technical Cooperation with Africa today African tour include Cameroon, Burkina Faso, Zimbabwe will continue until the twenty-eighth of October this
Ashmawi said Nivine such as leaving that this tour comes within the framework of the Egyptian policy keen to identify the needs of African States to Egyptian experts in different development areas and food and medical aid and logistical and work to overcome the problems facing the Egyptian experts in these countries so that the benefit of both sides and the African alike.

Minister of Investment after a series of talks in Mexico task yesterday: Convention to ensure the protection of investment with Mexico

Succeeded Dr. Mahmoud Mohieddin and Minister of Investment in the agreement with Edward Sojo, Minister of Economy and on investment affairs to start the study launch a comprehensive convention to guarantee and protect investment between the two countries .. Agreement was also reached on the steps initiated research and study protocol ensures comprehensive protection of private property and the exchange of experience and technical cooperation between the actors involved in promoting investment in the two countries, through the development of special clause allows the systematic exchange of information and transparency in the exchange of experience and he will immediately form a team of actors Artwork concerned, which includes both the ministries and foreign investment in the two countries for the completion of all procedures for activating the Convention during the period of time not exceeding 18 months .. He stressed that such action comes within the framework of creating an environment conducive to strengthening the flow of investment between the two countries is well known that there are two agreements for the organization of technical and economic relations between the two countries scientific first signed in 1963 1982 has seen a recent amendment of a number of sections own to match and economic developments in the world .. This comes to the new convention to move relations and create flexibility in the movement of capital and investments between Egypt and Mexico.

The minister added that the strategy assumed by the Government and implemented by the Egyptian Ministry of Investment is now aimed at expanding the centre to promote investment to Egypt to the emerging economies experiencing steady growth and there have surpluses devote looking for employment opportunities comfortable and competitive .. He said that the Government was to attract foreign direct investment, which Itkalp the world .. To be developed 70% and the emerging economies of 30% Within this period will witness the coming together with the expansion of traditional markets such as the United States, the European Union and the Gulf states .. Would witness emphasis on exploratory visits to the emerging economies, especially in light of the steady growth.

The minister praised the development experience stressing that the Mexican Government in partnership with the private sector and non-bank financial institutions, banks were able to make the world a model unprecedented in real estate finance, said that the draft city October 6, which is implemented by one of the private sector companies with the Mexican side, which has the share of investment by up to 15% of the housing project Mubarak will submit a model Mexican experience in construction, which is characterized by simple, practical and production unit which takes 28 days only, not to serve the low-income .. He said the Mexican model could be replicated in many of those projects implemented by Mubarak housing project, which aims to 85 thousand housing units each year for a total value of the low-income half million units within five years and stressed that this model will provide immediate solutions and rapid implementation.

Having witnessed the Minister of Investment yesterday agenda and intensive visits in the context of an integrated promotional visit underlines the evolution of the level of performance of the government sector .. And the use of GATT and the World promotion methods that rely on the expertise and professionalism .. The visit included a series of interviews task Montrzi City where he met with the largest glass Investors Mexico, which wants to set up a plant for the giant Flat Glass and Glass auto export.

total investments exceeding 100 million dollars and also met the major cement companies in the Mexican market, which is studying the expansion of the volume of its investments abroad after the experience Investment important.
The minister also visited the housing projects for low-income and middle-income that would start from 46 meters and 130 meters, even in ascending order in terms of the social situation of families.
This testifies minister additional set of important visits with the Mexican Minister of Finance and the Executive Chairman of the security of government support for the real estate finance and the empowerment of low-income and poor to own a house in brief periods and the cost of funds low .. Joining Dr. Mahmoud Mohieddin today to the Egyptian delegation in Washington to participate in the autumn meetings of the World Bank and International Monetary Fund.

Job seeker

Tue, 18 Mar 2008 10:55:51 EST

Job seeker - by yehia

When you looking for work, you will hope to get jobs at investment company Must always be convinced that any company first goal gross profit from the investment in all assets owned including human resources .
And in the view of some international companies are the most important asset for them If you was in charge of the planning of any company would find a way of thinking is to maximize profits and minimize costs in any way either discontinued responsible for human resources business and industrial establishments different point of view on this subject in terms of possibilities and a labour market and supply and demand for labour are also measuring the efficiency of managers of human resources through long-range planning for human resources in terms of requirements before and planned by the company, also through the the ability of the company to raise the efficiency of employees through training and development resulting from the observation and study of the objective conditions of the acts and compared various periods productivity and measure the effectiveness of training programmes in effect on the productivity of the corporation as a whole

Egyptian economy and overview of the fiscal year 2006 - 2007

Tue, 18 Mar 2008 10:19:04 EST

Egyptian economy and overview of the fiscal year 2006 - 2007 - by yehia

Achieved the Egyptian balance of payments during the period from July to December of the fiscal year 2006 - 2007 total surplus was about 9.2 billion dollars against 6.2 billion dollars during the corresponding period of previous fiscal year 2005 - 2006 resulted in the increase of foreign currency reserve assets in the Central Bank of Egypt the same value .

A statement by the Central Bank of Egypt issued on March 7 that this surplus came mostly in the balance of current transactions of $ 9.1 billion dollars for the high surplus of the balance of services and net transfers gratis one hand and the trade balance deficit rose to $ 6.6 billion dollars on the other hand, pointed out that merchandise exports achieved increase by 1.2 billion dollars at 4.24 percent to the tune of about $ 7.10 billion while merchandise imports rose by $ 7.2 billion rate of 2.18 percent to hit 3.17 billion dollars, adding that the increase in exports was due to the increase in non-oil exports at 9.45 percent particular sets of exports of finished goods and goods semis, as well as petroleum exports by 9.6 percent particular exports of natural gas, which rose by 3.15 percent and crude oil by 6.8 percent, while the increase in imports was the result of non-petroleum imports increased by 2.26 percent and the retreat in imports of petroleum at 4.19 percent.

A statement by the Central Bank of Egypt, with regard to the investigator surplus in the balance of the service, amounting to about $ 5.6 billion rate of 3.31 percent came reflection of the high rate of service proceeds 4.14 percent to reach about 10 billion dollars, as well as the retreat service payment rate of only 6.1 percent to 4.4 billion dollars.

With regard to capital and financial transactions with the outside world during the first half of fiscal year 2006 - 2007, it made direct foreign investments in Egypt within the net flow amounted to about 2.7 billion dollars against 3.3 billion dollars during the corresponding period of previous fiscal year 2005 - 2006.

The relationship of Human Resources and Financial Sites

Sun, 16 Mar 2008 18:14:51 EST

The relationship of Human Resources and Financial Sites - by yehia

Getting and keeping good finance talent is a key management issue that is not going to get easier as the workforce shrinks. Indeed, trends predict it is likely to get more challenging. One way to ensure a talent pipeline is to offer employees structured career-planning programs like outsourcing throw the web company can make there work by some freelancers who can working half time to several companies to face seasonal needed