2015 Program the Shafik Gabr Foundation 2 the Shafik Gabr Foundation 3 Front Cover Image ‘The Smoker’ - Ludwig Deutsch Table of Contents
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Egypt Nets Billions in Investment
www.amcham.org.eg/bmonthly NOT FOR SALE APRIL 2015 ALSO INSIDE L L AFFORDABLE HOUSING HEATS UP L L WHAT THE VAT MEANS FOR YOU L L WEARABLE ART Landslide Egypt nets billions in investment APRIL 2015 VOLUME 32 | ISSUE 4 36 Cleaning up The March economic summit in Sharm el-Sheikh netted Egypt around $38.2 billion in deals as well as another $12.5 billion in aid from the Gulf. Officials successfully marketed the country to the international media as a business-friendly destination on the rise, despite ongoing economic challenges. Cover Design: Nessim N. Hanna Inside 28 20 Editor’s Note 22 Viewpoint The Newsroom 24 In Brief The news in a nutshell 28 Region Notes News from around the region © Copyright Business Monthly 2015. All rights reserved. No part of this magazine may be reproduced without the prior written consent of the editor. The opinions expressed in Business Monthly do not necessarily reflect the views of the American Chamber of Commerce in Egypt. Business Monthly – 16 I April 2015 APRIL 2015 VOLUME 32 | ISSUE 4 33 52 56 Market Watch Executive Life 44 52 Stock Analysis Dining Out Market pulls back in run-up to Genghis Khan serves up authentic economic summit Chinese food 45 Capital Markets 54 A glance at stocks & bonds Fashion Art & Sole 47 Money & Banking Forex and deposits 48 Key Indicators The economy at a glance The Chamber In Depth 49 Egypt-U.S. Trade Imports and exports 30 58 Affordable housing megaprojects Corporate Clinic Events may not be affordable for most Developers eye “middle-income” 50 62 Six degrees Member News market Cairo tech map shows that success 66 33 depends on connections Announcements Mulling the pros and cons of the VAT 67 How the tax switch could affect SMEs Classifieds 68 Media Lite An irreverent glance at the press Business Monthly – 18 I April 2015 Editor’s Note Director of Publications & Research Khaled F. -
Arab Republic of Egypt
Egypt Country Profile ARAB REPUBLIC OF EGYPT OFFICE OF COMMERCIAL AFFAIRS, ROYAL THAI EMBASSY, CAIRO THAI TRADE CENTER 1 Thai Trade Center, Cairo ٍ Sherif Yehya Egypt Country Profile Background: The regularity and richness of the annual Nile River flood, coupled with semi-isolation provided by deserts to the east and west, allowed for the development of one of the world's great civilizations. A unified kingdom arose circa 3200 B.C., and a series of dynasties ruled in Egypt for the next three millennia. The last native dynasty fell to the Persians in 341 B.C., who in turn were replaced by the Greeks, Romans, and Byzantines. It was the Arabs who introduced Islam and the Arabic language in the 7th century and who ruled for the next six centuries. A local military caste, the Mamluks took control about 1250 and continued to govern after the conquest of Egypt by the Ottoman Turks in 1517. Following the completion of the Suez Canal in 1869, Egypt became an important world transportation hub, but also fell heavily into debt. Ostensibly to protect its investments, Britain seized control of Egypt's government in 1882, but nominal allegiance to the Ottoman Empire continued until 1914. Partially independent from the UK in 1922, Egypt acquired full sovereignty with the overthrow of the British- backed monarchy in 1952. The completion of the Aswan High Dam in 1971 and the resultant Lake Nasser have altered the time-honored place of the Nile River in the agriculture and ecology of Egypt. A rapidly growing population (the largest in the Arab world), limited arable land, and dependence on the Nile all continue to overtax resources and stress society. -
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6 REAL SOCIEDAD MUNDO DEPORTIVO Martes 17 de agosto de 2004 Las bajas de los internacionales marcarán el partido ante el Zamalek (20.30, ETB) ႧAmorrortu podría probar a Jauregi en el lugar de Xabi Una presentación condicionada Eneko de la Cuesta DONOSTIA sea un problema para él, ya que, LA PLANTILLA DEL ZAMALEK así, aprovechará para seguir pro- a Real afronta hoy su pre- bando a diversos jugadores en di- PORTEROS sentación ante la afición versas posiciones que le interesa Abdel Wahed El–Sayed len Anoeta ante el Zama- verles. Puede ser el caso de Igor Mohamed Abdel Monsef lek, campeón egipcio que Jauregi. El tolosarra, que arrastra Wael Ismail 'Zenga' dirige Dragoslav Stepanovic. A una amigdalitis desde hace unos Attout Abdel Halim partir de las 20.30 horas –Euskal días, parece estar recuperado y DEFENSAS Telebista lo retransmite en direc- puede que se ubique en la zona de Medhat Abdel Hady to–, los seguidores que se acer- pivote retrasado, lugar que, en Hossam Abdel Monaem quen a Anoeta podrán presenciar principio, estaba reservado para Ahmed Saleh las primeras evoluciones de los ju- Xabi Alonso. Es una opción que Besheer El–Tabei gadores, entre ellos a Mikel Arteta maneja Amorrortu y no extraña- Amir Azmy Megahed y a Jeremie Brechet, que debutan ría que aprovechara el encuentro Tarek El–Sayed con la elástica realista en el esta- de hoy para situarle como sostén. Wael El–Quabbany dio donostiarra. Para el antiguota- Ibrahim Hassan rra –nunca ha jugado en Anoeta– Westerveld, ni convocado Mohamed Seddek será, sin duda, un día especial, y lo A pesar de la ausencia de Riesgo, Ahmed Samir Aboul Amayem afronta con muchas ganas. -
U.S.-Egyptian Relations Since the 2011 Revolution: the Limits of Leverage
U.S.-Egyptian Relations Since the 2011 Revolution: The Limits of Leverage An Honors Thesis Submitted to the Department of Politics in partial fulfillment of the Honors Program by Benjamin Wolkov April 29, 2015 Table of Contents Introduction 1 Chapter 1. A History of U.S.-Egyptian Relations 7 Chapter 2. Foreign Policy Framework 33 Chapter 3. The Fall of Mubarak, the Rise of the SCAF 53 Chapter 4. Morsi’s Presidency 82 Chapter 5. Relations Under Sisi 115 Conclusion 145 Bibliography 160 1 Introduction Over the past several decades, the United States and Egypt have had a special relationship built around military cooperation and the pursuit of mutual interests in the Middle East. At one point, Egypt was the primary nemesis of American interests in the region as it sought to spread its own form of Arab socialism in cooperation with the Soviet Union. However, since President Anwar Sadat’s decision to sign the Egyptian-Israeli peace treaty in 1979, Egypt has proven a bulwark of the United States interests it once opposed. Specifically, those interests are peace with Israel, the continued flow of oil, American control of the region, and stability within the Middle East. In addition to ensuring these interests, the special friendship has given the United States privileges with Egypt, including the use of Egyptian airspace, expedited transit through the Suez Canal for American warships, and the basing of an extraordinary rendition program on Egyptian territory. Noticeably, the United States has developed its relationship with Egypt on military grounds, concentrating on national security rather than issues such as the economy or human rights. -
Ict Policy Review: National E-Commerce Strategy for Egypt United Nations Conference on Trade and Development
UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT ICT POLICY REVIEW: NATIONAL E-COMMERCE STRATEGY FOR EGYPT UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT ICT POLICY REVIEW: NATIONAL E-COMMERCE STRATEGY FOR EGYPT New York and Geneva 2017 ii ICT POLICY REVIEW: NATIONAL E-COMMERCE STRATEGY FOR EGYPT © 2017, United Nations This work is available open access by complying with the Creative Commons licence created for intergovernmental organizations, available at http://creativecommons.org/licenses/by/3.0/igo/. The findings, interpretations and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the United Nations or its officials or Member States. The designation employed and the presentation of material on any map in this work do not imply the expression of any opinion whatsoever on the part of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Mention of any firm or licensed process does not imply the endorsement of the United Nations. Photocopies and reproductions of excerpts are allowed with proper credits. This publication has been edited externally. United Nations publication issued by the United Nations Conference on Trade and Development. UNCTAD/DTL/STICT/2017/3 NOTE iii NOTE Within the Division on Technology and Logistics of UNCTAD, the ICT Policy Section carries out policy-oriented analytical work on the development implications of information and communications technologies (ICTs) and the digital economy, and is responsible for the biennial production of the Information Economy Report. The ICT Policy Section, among other things, promotes international dialogue on issues related to ICTs for development, such as e-commerce and entrepreneurship in the technology sector, and contributes to building developing countries’ capacities to design and implement relevant policies and programmes in these areas. -
Mr. Mahmoud Mohamed Ali 4 El Tayaran St., Nasr City, Cairo Tel: (20-2) 401-2692/21/22/23/24 Fax: (20-2) 401-6681
1 of 143 U.S. Department of State FY 2001 Country Commercial Guide: Egypt The Country Commercial Guide for Egypt was prepared by U.S. Embassy Cairo released by the Bureau of Economic and Business in July 2000 for Fiscal Year 2001. International Copyright, U.S. & Foreign Commercial Service and the U.S. Department of State, 2000. All rights reserved outside the United States. TABLE OF CONTENTS CHAPTER I. EXECUTIVE SUMMARY 5 CHAPTER II. ECONOMIC TRENDS AND OUTLOOK 8 -Major Trends and Outlook -Principal Growth Sectors -Key Economic Trends and Issues -Economic Cooperation -Nature of Political Relationship with the U.S. -Major Political Issues Affecting Business Climate CHAPTER III. MARKETING U.S. PRODUCTS & SERVICES 17 -Distribution and Sales Channels -Use of Agents and Distributors - Finding a Partner -Franchising -Direct Marketing -Foreign Sales Corporation (FSC) -Joint Ventures/Licensing -Organization Structure and Management in Egypt -Steps to Establishing an Office -Selling Factors/Techniques -Advertising and Trade Promotion (and Selected Media List) -Pricing Products -Sales Service/Customer Support 2 of 143 -Selling to the Government -Tenders Law -Defense Trade -Protecting your Product from IPR Infringement (see Chapter VII) -Financing U.S. Agricultural Sales -Selling Through USAID Program CHAPTER IV. LEADING SECTORS FOR U.S. EXPORTS & INVESTMENT 41 -Best Prospects For Non-Agricultural Goods And Services -Best Prospects for Agricultural Products -Significant Investment Opportunities CHAPTER V. TRADE REGULATIONS, CUSTOMS, AND STANDARDS 55 -Trade Barriers (Including Tariff And Non-Tariff Barriers) and Tariff Rates -Import Taxes -Representative Listing of Commercial Legislation In Egypt -Customs Regulations -Import Licenses Requirements -Temporary Goods Entry Requirements -Special Import/Export Requirements And Certifications -Ministerial Decree 619 of 1998 - Certificate of Origin -Labeling Requirements -Prohibited Imports -Export Controls -Standards -Free Trade Zones/Warehouses -Membership in Free Trade Arrangements -Customs Contact Information CHAPTER VI. -
Conversations on Rethinking Human Development
Conversations on Rethinking Human Development A global dialogue on human development in today’s world Conversations on Rethinking Human Development is produced by the International Science Council, as part of a joint initiative by the International Science Council and the United Nations Development Programme. The designations employed and the presentation of material throughout this publication do not imply the expression of any opinion whatsoever on the part of the ISC or the UNDP concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The Conversations on Rethinking Human Development project team is responsible for the overall presentation. Each author is responsible for the facts contained in his/her article or interview, and the opinions expressed therein, which are not necessarily those of the ISC or the UNDP and do not commit these organizations. Suggested citation: International Science Council. 2020. Conversations on Rethinking Human Development, International Science Council, Paris. DOI: 10.24948/2020.09 ISBN: 978-92-9027-800-9 Work with the ISC to advance science as a global public good. Connect with us at: www.council.science [email protected] International Science Council 5 rue Auguste Vacquerie 75116 Paris France www.twitter.com/ISC www.facebook.com/InternationalScience www.instagram.com/council.science www.linkedin.com/company/international-science-council Graphic design: Mr. Clinton Conversations on Rethinking Human Development A global dialogue on human development in today’s world FOREWORD ISC The human development approach that Article 27 of the Universal Declaration of changed the way decision-makers around Human Rights includes the right of everyone the world think about human progress was to share in scientific advancement and its developed through the work of prominent benefits. -
National Bank of Egypt New York Branch
National Bank of Egypt New York Branch National Bank of Egypt Resolution Plan Section 1: Public Section December 2013 National Bank of Egypt New York Branch National Bank of Egypt Resolution Plan December 2013 Table of contents 1. Section 1 : Public section 1 Introduction 1 2. Summary of resolution plan The names of material entities 2 Description of core business lines 3 Summary of financial information 3 Description of derivatives and hedging activities 5 Membership in material payment, clearing and settlement systems 6 Description of foreign operations 6 Material supervisory authorities 8 Principle officers 9 Corporate governance structure for resolution planning and related processes 9 Description of material management information systems 10 High-level description of resolution strategy 10 National Bank of Egypt Resolution Plan 2013, Public Section National Bank of Egypt (“NBE”) New York Branch Resolution Plan Section 1: Public Section Introduction This is the public section of the plan for resolution (“Resolution Plan”) prepared by the National Bank of Egypt and required pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") and regulations of the Federal Deposit Insurance Corporation ("FDIC") and the Board of Governors of the Federal Reserve System (the "Federal Reserve"). The initial Resolution Plan of the National Bank of Egypt is due on December 31, 2013, with annual updates thereafter. The FDIC and the Federal Reserve have each, by rule and through the supervisory process, prescribed the assumptions, required approach and scope for these resolution plans, and have required that certain information be included in a public section of the resolution plans. -
Egyptian Diving & Lifesaving
Final Result Long Distance Rank Club Country Junior Senior Total 1 Dolphin – Tula Russia 545 482 1027 2 Police Club Egypt 450 294 744 3 Abu Kier Egypt 235 355 590 4 Shooting Alexandria Egypt 380 60 440 5 Shooting Katamia Egypt 167 173 340 6 Semoha Egypt 286 44 330 7 Ismailia Zone Egypt 119 94 213 8 Dossaf Novosibirsk Russia 0 193 193 9 Yaroslavl Russia 93 72 165 10 Victoria College Egypt 70 90 160 11 Suez Canal Egypt 91 69 160 12 Army Club Egypt 0 144 144 13 Team 47 – SKA Russia 116 0 116 14 Bank al-Ahly Egypt 110 0 110 15 CSTK Aqualeasder-1 Kyiv Ukraine 0 93 93 16 Darnitsa-303Kyiv Ukraine 0 82 82 17 FPS Krasnoyarski Region Russia 0 78 78 18 Nevskaya Volna SPB Russia 0 75 75 19 Torunczyk Torun Poland 0 72 72 20 Haras Hodod Egypt 69 0 69 21 SC Sigma – Bogatyr,Kyv Ukraine 0 66 66 22 Swimming School Kaunas Lithuania 60 0 60 23 Acacia Egypt 51 0 51 1 Overall Result Long Distance "Senior" Rank Club Country Senior Point 1 Dolphin - Tula Russia 482 2 Abu Kier Egypt 355 3 Police Club Egypt 294 4 Ismailia Zone Egypt 194 5 Dossaf Novosibirsk Russia 193 6 Shooting Katamia Egypt 173 7 Army Club Egypt 144 8 CSTK Aqualeasder-1 Kyiv Ukraine 93 9 Victoria College Egypt 90 10 Darnitsa-303Kyiv Ukraine 82 11 FPS Krasnoyarski Region Russia 78 12 Nevskaya Volna SPB Russia 75 13 Torunczyk Torun Poland 72 13 Yaroslavl Russia 72 15 Suez Canal Egypt 69 16 SC Sigma – BogatyrKrvyi Rig Ukraine 66 17 Shooting Alexandria Egypt 60 18 Semoha Egypt 44 2 Overall Result Long Distance "Junior" Rank Club Country Junior Point 1 Dolphin – Tula Russia 545 2 Police Club Egypt 450 3 Shooting Alexandria Egypt 380 4 Semoha Egypt 286 5 Abu Kier Egypt 235 6 Shooting Katamia Egypt 167 7 Ismailea Zone Egypt 119 8 Team 47 – SKA Russia 116 9 Bank Ahly Egypt 110 10 Yaroslavl Russia 93 11 Suez Canal Egypt 91 12 Victoria College Egypt 70 13 Haras Hodod Egypt 69 14 Swimming School Kaunas Lithuania 60 15 Acacia Egypt 51 3 Race : 6 K.M Junior Girls Ra NO. -
2013 Collection Number
Descriptive Summary for the M.S. Swaminathan Collection Title M.S. Swaminathan Collection Date 1954 - 2013 Collection Number MS001 Creator M.S. Swaminathan (born 7 August 1925) Extent 100 Cubic Ft. Repository Archives at M.S. Swaminathan Research Foundation, Chennai. Abstract M.S. Swaminathan is an agricultural scientist and plant geneticist, popularly known for his work on the ‘Green Revolution in India’. A collection of his research notes, annotated drafts, correspondences and photographs makes up the M.S. Swaminathan Collection at the Archives at M.S Swaminathan Research Foundation (MSSRF). Physical Location M.S. Swaminathan Research Foundation, Chennai. Language Represented in the Collection English, Hindi, Tamil and Japanese. Access The collection is open to researchers. Publication Rights Copyright is assigned to the M.S. Swaminathan Research Foundation. Permission for reproduction or distribution must be obtained in writing from the Archives at MSSRF. The user must obtain all necessary rights and clearances before use of material and material may only be reproduced for academic and non-commercial use. Preferred Citation Object ID, M.S. Swaminathan Collection, Archives at M.S. Swaminathan Research Foundation. Acquisition Information The material was initially located at three spaces within the Foundation: Dr. Parasuraman’s cabin (Principal Scientist associated with Coastal Systems Research at the foundation and formerly, the personal secretary of M.S. Swaminathan until 2013), the Bhoothalingam library, and office of the Chairperson at the Foundation. As of Nov. 02 2020, the bulk of the material is now in the cabin next to the office of the Executive Director. Biography Monkombu Sambasivan Swaminathan is a plant geneticist, agricultural scientist and scientific administrator. -
TWAS Newsletter Vol. 16 No. 1
1 YEAR 2004 VOL.16 NO.1 TWAS ewslette nTHE NEWSLETTER OF THE THIRD WORLD ACADEMY OF SCIENCESr TWAS 20th Anniversary Conference Beijing, China Published with the support of the Kuwait Foundation for the Advancement of Sciences TWAS AT TWENTY TWAS NEWSLETTER Published quarterly with the support of the Kuwait Foundation AT THE OPENING CEREMONY OF TWAS’S 9TH GENERAL CONFERENCE AND 14TH GENERAL for the Advancement of Sciences (KFAS) by The Third World MEETING IN BEIJING, CHINA, C.N.R. RAO, TWAS PRESIDENT, AND LU YONGXIANG, PRES- Academy of Sciences (TWAS) IDENT OF THE CHINESE ACADEMY OF SCIENCES AND VICE PRESIDENT OF TWAS, SHARED c/o ICTP, Strada Costiera 11 34014 Trieste, Italy THE PODIUM. RAO PRESENTED A ROUND-UP OF THE PAST AND PRESENT OF THE ACADEMY, tel: +39 040 2240327 fax: +39 040 224559 WHILE LU OUTLINED HIS VISION OF THE FUTURE OF TWAS, PROVIDING BACK-TO-BACK email: [email protected] ‘KICKOFF’ VIEWPOINTS TO THE ACADEMY’S 20TH ANNIVERSARY CELEBRATION. website: www.twas.org TWAS COUNCIL C.N.R. RAO President C.N.R. Rao (India) Immediate Past President n 15 October 2004, just one day before the opening of the TWAS 9th General Con- José I. Vargas (Brazil) ference and 14th General Meeting held in Beijing, China successfully launched the Vice-Presidents Jorge E. Allende (Chile) manned spacecraft, Shenzhou-V. Lu Yongxiang (China) O Lydia P. Makhubu (Swaziland) This event – and the launch several days later of a second Earth resources satellite as Ismail Serageldin (Egypt) part of a collaborative initiative between China and Brazil – is evidence of the great strides Abdul Hamid Zakri (Malaysia) that the Chinese scientific community has made in recent years. -
Recipient Country Status for Egypt: Political and Economic Assessments
PUBLIC DOCUMENT OF THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT RECIPIENT COUNTRY STATUS FOR EGYPT: POLITICAL AND ECONOMIC ASSESSMENTS PUBLIC PUBLIC Explanatory Note: Egypt is a founding Member of the EBRD and in 2010 during the Annual Meeting of the EBRD Board of Governors in Zagreb indicated its interest to become a recipient country of the EBRD. For Egypt to become a recipient country it was first necessary to amend Article 1 of the Agreement Establishing the Bank to allow for the geographical extension of the Bank’s operations to the member countries of the Southern and Eastern Mediterranean (SEMED). The report of the Board of Directors to the Board of Governors on the process of extension (BDS11-187 (Final)) and the related Resolutions Nos. 137, 138 and 139 of the Board of Governors, envisioned a three-phased approach to the geographical extension of the Bank’s operations to the member countries of SEMED. • Phase I : In the initial phase of engagement the Bank was authorised to carry out technical cooperation and other similar non-investment activities with the use of cooperation funds. The EBRD Board of Directors approved the commencement of the first phase of activities in Egypt on 11 October 2011. • Phase II : In the second phase of engagement the Bank was authorised to carry out investment activities in Egypt drawing on the Investment Special Fund for SEMED countries. This required first the entry into force of the amended Article 18 of the Agreement Establishing the EBRD (on 22 August 2012) and adoption by the Board of Governors of a Resolution granting Potential Recipient Country status to Egypt (on 26 November 2012, extended on 11 November 2014).