Category Archives: Egypt News

Egypt News

African Travel Spend expected to rise 24 Percent with Introduction of African Union Passport Introduction in 2018

New research released by global travel technology provider, Sabre Corporation, has revealed that African air travel spend is expected to rise 24% with the introduction of the pan-African passport in 2018. The new passport will enable African travellers to visit other countries on the continent without a visa.

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Statement by IMF Managing Director Christine Lagarde on Egypt

The IMF Executive Board will meet on Friday, November 11 to discuss Egypt’s request for financial assistance under an Extended Fund Facility (EFF) for the amount of $12 billion

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Eyes of The World Focus on Egypt’s Oil And Gas Sector Next February

executive-committee-______-_________

‘The Egypt Petroleum Show’ held under the high patronage of the President, His Excellency Abdel Fattah El Sisi, and support of the Ministry of Petroleum and Mineral Resources promises to be the largest oil & gas industry gathering North Africa has ever seen taking place in Cairo from the 14-16 February at the Cairo International Convention Centre.

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Luxor hosts UNWTO 5th UNWTO Global Summit on City Tourism: Cities: Local Culture for Global Travellers

The World Tourism Organization (UNWTO) and the Government of the Arab Republic of Egypt are organizing the 5th Global Summit on City Tourism: “Cities: Local Culture for Global Travellers” on 1-2 November 2016 in Luxor. During the summit, UNWTO will launch the Mayors for Tourism Initiative.

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New GSMA Report Sees Rise in Mobile Broadband and Smartphone Adoption across Middle East and North Africa

Mobile Helping to Grow Innovative New Services, Connect the Unconnected and Create Employment Across Diverse Region

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5dVR, setting pace in Virtual Reality in Africa – GITEX 2016

Virtual reality is gradually moving from just the social aspect to businesses and model presentation. The technology which allows its users to live in an artificial world, move about in it and interact with features or items that are depicted in the artificial word is about to boost businesses and bring ideas into reality.

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Bright Creations of Egypt Will Appear at GITEX 2016 Technology Week

Egypt’s Bright Creations will be exhibiting at GITEX at the Dubai World Trade Centre at the Sheikh Saeed Hall S-E1. The company which offers wide range of services include CRM Solutions, Digital Marketing, E-Commerce Solutions, Enterprise Solutions, HR Solutions, Recruitment & Training, Mobile Content/Apps, Mobile Solutions, Smart Health, Software, and Startups was founded by Mahamad El Tanahy in 2008, and is one of the fastest growing digital agencies and app developers in the region.

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Africa: More Oil Refineries Needed to Satisfy Local Oil Production

Increasing demand for petroleum products has led to refineries in Africa not to be able to satisfy the level of demand while much rely on imports to meet the deficit. This existing challenge has led the Centurion Law Group to examine the immediate status of the Africa Refinery sector and how private investors can benefit while solving the challenge of rising demands.

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GE reinforces Commitment to Africa at 2016 U.S.-Africa Business Forum

Construction is booming in Angola’s capital Luanda. The city is already home to more than 6 million people. (Photo: Arne Hoel)

Construction is booming in Angola’s capital Luanda. The city is already home to more than 6 million people. (Photo: Arne Hoel)

GE, which has operated in Africa for over 100 years, committed at the 2014 event to invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018

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The 2nd Annual Solar Projects Egypt successfully launched

Solar Projects Egypt

Under the patronage of the New and Renewable Energy Authority, Advanced Conferences & Meetings has successfully launched Solar Projects Egypt in its 2nd consecutive edition. Held at the Fairmont Heliopolis & Towers, Cairo, this event addresses the progress updates on the successful financing, designing and construction of solar plants under Egypt’s Solar round one FIT scheme.

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Multiple Investment Opportunities for Investors as GCC Waste Management Sector Experience Dynamic Change

Waste is becoming a major issue in the GCC region, as well as in many developing countries globally. In the past, many countries have been dealing with Waste through a simple mechanism of landfills, this was workable in the past, but is not workable in the future, based on specific trends relating to: increasing population and urbanization, resulting in a need to do more with land, and avoid losing the opportunity by dumping waste, increasing social awareness & increasing concerns globally and in the region relating to the environment damage, and the emanating potential of waste as a source of energy/ recycled materials, owing to more advancements in technology which has led to a need to do things differently.

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Opportune Time for Africa Oil & Gas Industry to consider Change

The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue. Despite the bleak landscape, the African continent still offers significant opportunities in the oil & gas sector. “It is an opportune time for local governments that want to attract oil & gas investors to reform their regulatory, fiscal and licensing systems,” says Chris Bredenhann, PwC Africa Oil & Gas Advisory Leader (PwC.com).

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IMF Reaches Staff-Level Agreement with Egypt on a Three-Year US$12 Billion Extended Fund Facility

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

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The Ministry of Trade and Industry, UNIDO to launch Youth Employment Project in Luxor

The Egyptian Ministry of Trade and Industry and the Luxor Governorate plan to announce on Thursday the launch of their joint project “Youth Employment for Socio-Economic Stability in Upper Egypt” which will be implemented jointly with the United Nations Industrial Development Organization (UNIDO) in cooperation with the Japanese government.

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Private Sector is Key Driver for Growth in the Middle East and North Africa

The private sector can be an important driver for growth and rising prosperity in the Middle East and North Africa (MENA) if effective policies are put in place to address key challenges across the region, according to a report from three leading international development and financial institutions.

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British RESTRATA to Provide Aviation Security for Egypt

Restrata, a British-owned training company operating in UAE (Qatar and Iraq) where it has its headquarters have been contracted to offer security training services for airports of Egypt’s National Falcon. The National Falcon of Egypt which is responsible for providing aviation security services for all international airports and airports at tourist sites, has selected and approved Restrata to provide aviation security training for the National Falcon.

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Africa’s TFTA: An Exercise in Economic Integration

Introduction

The Tripartite Free Trade Area (TFTA) was launched on 10 June 2015 in Egypt when the representatives of 26 governments accepted the tenets of the free trade area. This created the largest free-trade zone in Africa, reaching from Egypt to South Africa (BBC, 2015). This article will investigate the TFTA, its challenges and benefits to Africa, and how it will manifest in the larger global context.

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