Business news wrap-up
Sat, Oct. 7, 2017
Egypt’s Finance Ministry has allocated some LE 129.6 billion for the education sector, of which LE 81 billion will go to the Education Ministry, and its affiliates, a statement from the Finance Ministry said Saturday. Some LE 12.1 billion will go to Al-Azhar education system, LE 25.5 billion for university and higher education as well as LE 11 billion to university-affiliated hospitals.
Egypt and the UAE inked three memorandums of understanding in the fields of producing, manufacturing and storing dates in a number of Egyptian governorates.
Minister of Investment and International Cooperation Sahar Nasr said on Saturday that her ministry will finish development works of the investor services center “within days”. She said that some windows will be designed for women and Egyptian expatriates.
Chairman of the Egyptian General Authority for Investment (GAFI) Mona Zobaa met Saturday with an Indonesian high-level delegation, chaired by the Asian country’s presidential adviser on boosting the bilateral cooperation.
Women need five main principles to achieve equality: self appreciation, freedom of choice, opportunity assessment, self-decision of destiny and social empowerment, Sweden’s ambassador to Algeria Marie-Claire Sward Capra said during the opening ceremony of a forum in Cairo Saturday.
Minister of Investment and International Cooperation Sahar Nasr said that achieving gender equality requires changing the way of business management so as women would be treated based on merit, performance and results.
La Caixa Banking Foundation, which manages the holding company which controls Caixabank said on Saturday it will move its headquarters to Palma de Mallorca for as long as political upheaval in Catalonia continues.
The U.S. Chamber of Commerce warned on Friday that the Trump administration was making “highly dangerous demands” in the North American Free Trade Agreement modernization talks that could erode U.S. business support and torpedo the negotiations.