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Tag Archives: Development

EBRD provides $25m loan to Elsewedy unit

The European Bank for Reconstruction and Development (EBRD) said that it will provide a $25 million loan to the Egyptian copper rods manufacturer United Metals Company (UMC), a subsidiary of Elsewedy Electric. The EBRD loan will finance the working capital of UMC, including purchases of copper on international markets, according …

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6 reasons to invest in Africa

The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity. That’s not news to companies that have paid close attention to the continent and invested there. The fast growing youth population, the urbanization expected to drive over 50% of Africans …

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Moody’s Sees Egypt’s Economy Growing but Reforms Slipping

By: Ahmad Abu el-Hamd March 29, 2017  CAIRO — The economic picture for Egypt is improving, ratings agency Moody’s said on Wednesday, but a public backlash will likely lead the Mideast country to slow reforms undertaken to secure a bailout from the international Monetary Fund. The group forecasts that the Arab …

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Egyptian-Spanish bilateral trade up 17%

Trade exchange between Egypt and Spain grew 17% year-on-year between January and November 2016, the Egyptian minister of trade and industry, Tarek Kabil, said in a statement on Monday. During the eleven-month period, bilateral trade with Spain reached EUR 1.9 billion, compared to EUR 1.6 billion in the same period …

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Crystal Lagoons eyes projects in Qatar

CAP: Carlos Salas (above) says that many of Crystal Lagoons’ patented technologies are ideally suited to developments within Qatar’s tourism sector. Crystal Lagoons, the multinational water innovation company and developer of man-made crystal clear lagoons, has held a series of meetings with prominent Qatari real estate developers as the country …

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A start-up ‘Qabess’ developed a smart plug-in for power saving

By: Ahmad Ouf  Scientific Research Academy’s ‘Intilac’ initiative is important support to the technological start-ups ‘Qabess’ hopes for more integration between the State institutions to achieve the maximum benefit from the support   A group of Egyptian youth, who studied Engineering and believed in their own dream, embarked on building …

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“Egypt Can” Convention announces its recommendations

Egyptian Scientists living abroad convened last Wednesday for a 2 day conference organized by the Ministry of Immigration in Hurghada. The “Egypt Can” Convention announced last Thursday its final recommendations as follows: Developing an extension to the current Aswan Heart Hospital into a medical city, with a high level care …

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