25 October 2017:
The cabinet approved during a meeting under Prime Minister Sherif Ismail on Wednesday the executive regulation of the investment law
The individual’s share of Egypt’s foreign debt increased seven percent in the fourth quarter (Q4) of fiscal year 2016/2017 to reach $812.3, compared with $759.4 in Q3 of the same year, the Central Bank of Egypt (CBE) revealed on Wednesday.
Trade exchange between Egypt and France reached €1.546 billion ($1.82 billion) in the first eight months of 2017, marking an increase of 12 percent from the €1.38 achieved during the same period last year, Trade Minister Tarek Kabil said on Wednesday.
On Monday morning, President Abdel Fatah al-Sisi arrived in Paris for a three-day visit to France. On Tuesday, Sisi and his French counterpart Emmanuel Macron held a press conference, where a number of memoranda of understanding (MoUs) and agreements, worth €400 million, were signed in a bid to boost bilateral cooperation between both countries.
Transport Minister Hisham Arafat said that the Cabinet’s approval of the executive regulations of the investment law will facilitate the implementation of the agreements signed with the French side in the fields of railways and underground service.
Egypt and France signed Wednesday a joint cooperation deal to encourage and develop entrepreneurship through providing vehicles for youth. The deal, signed by Egyptian Minister of Industry and Trade Tareq Qabil and Deputy French Minister of Treasury Thomas Corp, aims to provide youth with tricycles to help them establish mobile projects.
Egyptian Trade Ministry Tareq Qabil signed Wednesday with Deputy French Minister of Treasury Thomas Corp an agreement on a project for youth employment through mobile vehicles, on the third day of the Egyptian delegation’s visit to Paris.
Supply and Internal Trade Minister Ali Moselhi said that the storage capacity for wheat in Egypt reached 4.1 million tons via the Egyptian Holding Company for Silos and Storage and the silos firms.