www.meobserver.org 9 December 2015 8 MEO Report 2015: A Year of Success By Yasmine Fouda and Rania Imam- It has been ing the economy to rally among successful opments, beside heartening major public and dent Abdel Fattah Al-Sisi achieved remarkable clear how President Abdel El-Fattah Al-Sisi real- emerging markets. Regulations thereby executed private industries, and facilitating procedural developments, ones that are unprecedented in Kingdom of Saudi izes the significance of economic development, targeted short and long term solutions where business startups and investments -local and Egyptian economic history - the following report efforts being put are directed mostly for enrich- the average witnesses and benefits from devel- foreign. Throughout his first year in office, Presi- presents a look on the president’s reforms... Countering Terrorism, Reviving Security and Alerting the World of Terrorism Dangers Arabia succeeds Reclamation Economic The New Zone of 40m Feddan in Suez Suez Canal Canal D The president has launched this map to be executed during the course of the coming 4 An ambitious national project that aims to breathe years, aiming to amplify Egypt’s agriculture fields. in maintaining its new life into Egypt’s critical financial artery, one Boosting that hitches the east and west sides of the world. The New Education The new canal’s output sustained the country’s Gross Domestic Product (GDP) - over the current Knowledge world recession- to become a historical achievement Capital Bank Project E that brings Egypt back to its normal regional position. - During the Sharm EL-Sheikhs World Economic Conference to support Egypt, both Al-Sisi and Sheikh Mohammed Bin Rashed Al-Maktoum annual targetted Expanding -UAE’s Vice President- announced the new administrative capital in The Golden Egypt. In efforts to double Egypt’s industrialized lands to reach from Governorates 6 per cent currently to 12 per cent in 40 years, as well as absorbing Borders for Triangle the country’s tormenting population growth rates. The New Capi- tal extends above an area of 270 square miles -700 kilometers- Development C to the east of Cairo, that lies between Cairo-Suez, Cairo-Ain el- Egypt’s National Sukhna and east of the regional ring-road, to cover a land area equivalent to Singapore’s. growth rate at Authority for Remote Developing Sensing (NARS), had prepared the Developing Green Irrigation Golden Triangle to Energy Resources Systems contain areas be- R tween Safaga, Al- - New power plants came as one of the most essential Qoseir and Qena. projects to solve the power shortage setbacks, it was pri- 5.2% for the ninth Where giant oritized on the government’s agenda during the World industrial, min- Economic Conference; execution of a new power plant Ras Sedr project is currently implemented by a joint-venture ing, agriculture, Air-port on between Siemens and the Egyptian government. 4 touristic and Memorandums of Understanding(MOE) with a value of 4733 Feddan trade projects $10bn to construct power plant generators, the MEO E in upper Egypt includes building combined cycle power systems in are imple- stations like Bani Sweif with 4.4 gigawatt (gw) capac- consecutive year. ity, besides other places like Nubaria, Sidi Kerir, south mented, and Cairo, Qena, and Kafr el-Dawar with a total capacity of $500m for Gas the govern- 6600 megawatts, in addition to building a national fac- Pipelines ment seems to tory for manufacturing wind tribune components which devote lots of will provide one thousand job opportunities. to Reach Homes E efforts to em- ploy such pro- Universal gress, due to Forming the vital this Commerce City project plays King Salman bin Abdulaziz Al Saud the Central ESTABLISHED 1945 in enlivening - Considered as one of the projects that is to be near Bank's Board the country. the Suez Canal axis, on a space of 4.2mn square meter, S costing EGP 40bn and provides 500 thousand job op- portunities. Your Law to The International Organize www.meobserver.org Project D Cotton Trade Airport 'Mashru'ak' - An estimated plan to build a huge International - The national project Law to Manage Airport- bigger than Heathrew of London- in of social, human and addition to solar power plants, and around 40 domestic development Business thousand Hotel guest rooms. Estimated costs was set up by Al-Sisi of this project stands at $45bn, according to Companies with objectives to elimi- E Egypt’s Minister of Housing. New talks have nate any been suggesting the construction of local and obstacles in international network of airports to connect ‘the 3 4 5 citizens’ financ- whole new world’ Egypt is setting to put up. ing process, through the Raising Developing cooperation of Pension Battering Economic the citizen, the government and the bank. C Indicators Egypt's Villages this came to encourage young entrepreneurs direct them to- Growth rate went up from - The president has initiated program is also con- wards building their dream pro- Khalifa Funds Egyptian stock Al Sadiq Al Mahdi, Clear energy this restructuring campaign for cerned with dealing with 1.25 per cent - during the jects and make use out of their Egypt’s villages to enhance it solid waste and its effects previous financial year- to 5.6 wasted energy. A higher committee for small per cent in this year’s first- with high quality services and on climate disruption, focuses primarily on the areas building road networks has been put together in every governo- Enterprises half. The monetary policies rate to follow-up on all the details regard- aim to achieve a GDP growth where its most needed. Facili- to hook villages up, ser- ties like irrigational, sewage and vices for youth and sports. ing Your Project -basically fixated to raise R Loans to 7 per cent -in the coming 5 years- as well as sustaining a electricity are being upgraded, Other aspects the govern- small and medium industries in sectors of $5 thousand annual individual also the development of medi- ment tends to look after is to agriculture, industry, business and trade. income. The government is in cal, education and labor sec- house Egyptian families that Kuwaiti Fund fact aiming to reduce budg- tors appears to be starting up are most in need for homes, Agreements et deficit to 8 per cent from its way. Moreover, the expan- executing strategic housing GDP, also a reduction of inter- sion of social services/security and construction plans. A re- for Railroads nal and foreign debt from 97 shelters, and providing job op- corded 30 per cent of projects Battling Corruption portunities for the youth through planned to restructure and de- Developments per cent last year -of GDP- to E equipping them with loans to velop 78 most deprived villages market on the Sudan’s former funds worth 85 per cent. start-up their businesses. The is already achieved. The president’s aims to fight any phenomena of corruption are on no accounts hesitated or distracted, he wages this war against the cor- Marina Alamein Touristic Center rupt through legislative, executive and judicial Monetary authorities. Sophisticated electronic data-base Marina Alamein Touris- job opportunities for the throughout the whole year recorders are being implanted to decrease rates Policy tic Center- 2800 feddan, purpose of make use of -not just the summer’s 3 of inebriated acts of fraud and bribery. Al-Sisi providing 14 thousand the north coast province months. has pointed a personal consultant -specialized E Reforms to fight corruption- which shows how serious the president is in eliminating the long-inhabited Ain el-Sukhna Liquid Pouring Station corrupted attitude, not just in government insti- tutions... Al-Sisi called on the Civil The government and Dubai Ports building reservoirs and tanks on public needs to coordinate with the government in the name of Service billions International signed investment 4 sq/km to store petrochemi- road to recovery prime minister contracts worth EGP 4bn, which cal materials’ circulations -to battling corruption and alerting authorities of any such acts. Law incorporates an extension to the maintain the Egyptian’s market S already existing station beside requirements and supply ships. 62 nd YEAR No. 49 Wednesday, 9 December 2015 L.E 2.85

The Devil's Coin Al-Sisi arrives to Greece Ignorance & Terrorism MENA: Presidential Spokesman A spokesman for the Greek Alaa Yousef said that the visit aims government said the summit will If you flip a coin it will end up on one ofits to promote relations between the address demarcation of the naval Sides. On one side Ignorance that defines two countries at all levels. Presi- borders among the three countries your knowledge and understanding. Read- dent Sisi will meet with Greek as agreed on during the last sum- ing and writing is a big part of it as you have President Prokopis Pavlopoulos mit which was held in Cairo Last the ability and choice and Prime Minister Alexis Tsipras April. The spokesman referred to to read by your own eyes and understand to review various areas of bilateral a suggestion to extend two natural by your own sense of logic, Terrorism on the cooperation and ways of enhanc- gas pipelines from Cyprus to Egypt other side, flourished within poor societies ing joint coordination over region- and another from Egypt to Greece where ignorance came out of poverty and al and international issues, the and Europe. inability to read & comprehend by your self, spokesman added. President Sisi will be accompa- left you astray for those who can manipu- President Sisi will also meet nied by a delegation including For- late your thoughts and financial needs, and the Greek parliament speaker to eign Minister Sameh Shoukry, Min- as a follower you gave up your God given emphasize the importance of the ister of Investment Ashraf Salman, right to decide on what is right & wrong and in parliamentary dimension in boost- and Minister of Petroleum Tareq EI giving Up your common Senses you gave up to ing bilateral relations along with Molla. the Devil's coin. popular and cultural communica- Sources said a number of mem- On the other hand, Some people who tion between the two countries, os of understanding and agree- are educated decide not to read and under- especially after completing Egypt’s ments will be signed by the three stand, they decide to be ignorant. As well parliamentary elections. countries in the field of maritime as, others manipulated through Social Media The president will also hold a transport, air services, tourism, Young people have been lead by ignorance to meeting with Greek Defense Min- and cooperation protocols among a World of Daesh, which although named as ister Panos Kammenos to promote the Egyptian, Cypriot and Egyptian an Islamic State, day by day, we are real- military and security cooperation harbors. ising that there nature and actions are far between the two countries. Meantime, experts said demar- from Islam. The presidential spokesman They decided to slay there Senses and cation of Borders with Cyprus will give up willingly to the Devil's coin. Donald said that a tripartite summit would enhance Egypt’s place as a pivotal be held between Sisi, Greek Prime J. Trump has called on Monday for the United centre of energy. States to bar all Muslims from entering the Minister Alexis Tsipras and Cypriot Dr Gamal AI Qalyouby, the pro- President Nicos Anastasiades. country for the time being as reported by New fessor of Petroleum engineer- York Times. As a US presidency candidate, The summit will deal with ways Greece-Cyprus-Egypt trilateral summit concluded in Cairo earlier this year ing at the American University in his comment reflects the current state of to support security and stability in Cairo said Egypt is now seeking to the region, regional developments ignorance that is infesting the world today. Greek Prime Minister Alexis ings of Egyptian-Greek Business corridor and tourism sector. restore its rights to gas fields de- The World's Chaos and inefficient ad- of common concern, strengthening Tsipras said the three way coop- Council The Greek embassy in Cairo said pending on the strong Egyptian di- coordination within the internation- ministration or involvement lead to a So- eration initiative aims at enhancing Meetings of the third session of days ago that President Sisi’s visit plomacy and international respect ciety named Islamic State that has de- al forums, terrorism in the Middle cooperation among the three coun- the joint Egyptian-Greek business of Athens has special importance. for the Egyptian leadership. veloped into a terrorist mentor and that is East and the refugee crisis. tries in all fields mainly in the sec- council kicked off on Tuesday in The meeting involving Egypt, He said the role played by Presi- calling for war, hatred and distruction guid- The summit will address regional tors of energy, trade, and transport Athens under Businessman Hany Greece and Cyprus will be held in dent Sisi will enhance Egypt’s en- ed by the Devil's agenda for the Human race. developments of common interest adding this block is not directed Berzy. the wake of the Cypriot summit and ergy status adding cooperation God calls on Human race to know right to the three countries, coordination against anybody but rather aims at The Egyptian-Greek business- meetings of the three foreign min- with Cyprus will enhance gas ex- from wrong and calls for World peace & in the international forums in the serving interests of the three coun- men association said in a state- ploration in the Mediterranean. building for the future generations while light of the escalation of conflicts isters on the sidelines of the United tries. ment last Sunday that some 30 He said Cyprus is in need of co- maintaining purity of the Soul and actions and tensions in many countries, Nations General Assembly meet- He called for intensifying coop- Egyptian businessmen will take ings, the embassy said in a press operation with Egypt to confront that are governed by mercy, forgiveness the widening scope of terrorism and tolerance. For those who doubt my and its implications to the Mediter- eration at the diplomatic and tech- part in the meetings which will release. Turkey’s efforts to explore gas in nical levels President Sisi will also tackle economic issues including The tripartite summit will address the Mediterranean. He said the words, Read - Understand and compre- ranean region together with the cri- hend that Islam is a moderate Religion that sis of refugees. hold a tete a tete meeting with his food industry, construction, new regional issues, the Cypriot cause, agreement between Egypt and Cy- Cypriot counterpart, the spokes- and renewable energy, oil, gas and means to counter terrorism and the prus can not be joined by Turkey or defines the above & far more values.. Tsipras:Three Way Block Is man concluded. agriculture, in addition to the pro- developments in the Middle East, Israel or any other country without Not Directed Against anybody President Sisi to Attend Meet- ject of developing the Suez Canal it said. Egypt’s agreement. By Mahmud Fouda

China Egypt Russia News of the week

CAIRO: Egypt’s foreign debt dropped by about $2 billion, or 0.4%, to reach about $46.1 billion last September, against $48.1 billion last June. MUSCAT: Oman Oil’s exploration and produc- tion division plans to invest up to $4 billion over the next five years to boost output despite low oil prices, the state-owned company’s chief operat- England India ing officer said last Monday. MANAMA: Eagle Hills to start work on Bahrain community project over an area of 864,000-sq- m project in partnership with Diyar Al Muharraq, one of the leading urban developers in Bahrain. BERLIN: International Monetary Fund chief Christine Lagarde has called for tax reforms to be included in a global climate deal to raise in- Among London and Beijing: centives for consumers to reduce their energy consumption and to boost demand for cleaner fuels. BEIJING: China’s foreign exchange reserves, Cairo hits Forbes’ top 10 innovative markets list the world’s largest, fell by $87.2 billion in Novem- ber to $3.44 trillion, central bank data showed In an astonishing occasion, Egypt After the 2011 uprising, many doors company registration fee for foreigners ranking encourages the huge population on Monday, the lowest level since February 2013 came among the 10 finest places for got opened in the Egyptian market -es- comes at $200, value-added tax (VAT) of young educated minds, youth who act startup businesses around the world, pecially Cairo and Alexandria- for young at 10 per cent and corporate income tax as a turbine of local economic cycles, and the third largest monthly drop on record. an infographic study -conducted by intellectual business ideas. In a contrib- at 25 per cent. and play vital roles in implementing TEHRAN: Iran in talks to build oil refinery in Si- Brighton School of Business- conclud- uted article by Forbes’ Amy Guttman, a The startling list also included cities smart businesses that lift-up the coun- ed Cairo’s market has been emerging brief analysis showed Egypt’s startup like Beijing, Kuala Lumpur, Warsaw, try’s economy. The government’s efforts erra Leone: “based on the negotiations, in the for the past 10 years, where entrepre- business standards where it stated: Moscow, Sydney, Tunis and London, to refresh markets and facilitate busi- first stage, Iran will construct oil storage depots neurial opportunities are best served “Cairo and Alexandria’s Internet speed setting Egypt among some of the world’s nesses are being prioritized, and signs in Sierra Leone.” This will be followed by the con- to flourish. at 2.8m megabytes per second (Mbps), most active economies. The astounding of stability appear to be looming. struction of the refinery in the next stage. France invests in Saudi Arabia SMEs Currencies Code Buy price Sell price Code Buy price Sell price

PRNewswire: Riyadh, Kingdom Holding a later step, third party investors will be in- US DOLLAR USD 7.78 7.8301 AUSTRALIAN DOLLARS AUD 5.6213 5.7461 Company (“KHC”), chaired by HRH Prince vited to invest a total amount of SAR 1,125 8.3993 8.5193 25.4293 25.7544 Subscribe In print and online Alwaleed Bin Talal Bin Abdulaziz Alsaud, million (USD 300 million) and CDCIC has al- EURO EUR Kuwait DINAR KWD announces the signing of a memorandum ready committed to contribute SAR 375 mil- POUND STERLING GBP 11.7128 11.8278 SAUDI RIALS SAR 2.0734 2.0877 Subscription rates inside Arab Republic of Egypt of understanding with Caisse des Depots lion (USD 100 million) for such second round. CANADIAN DOLLAR CAD 5.7297 5.8541 U.A.E DIRHAM AED 2.1182 2.1293 1 Year 2 Years 3 Years International Capital (“CDCIC”) of France After both rounds the total value of the fund on Friday 26/6/2015. The memorandum of will be SAR 1,500 million (USD 400 million). 1.1187 1.142 20.4877 20.7684 LE 275 LE 520 LE 725 understanding intends to commence discus- The investment strategy of the investment DANISH Krone DKK BAHRAIN DINAR BAD Subscription rates in the rest of the World sions on the establishment of an investment fund will be to seek attractive investment op- NORWEGIAN KRONE NOK 0.893 0.9185 OMANI RIAL OMR 20.0779 20.3379 1 Year 2 Years 3 Years fund by KHC and CDCIC which will be jointly portunities in small and medium size enter- managed by both parties. prises in the Kingdom of Saudi Arabia with SWISS FRANC CHF 7.7092 7.8519 QATAR RIAL QTR 2.1225 2.1504 US $420 US $795 US $1200 After establishment of the investment fund, the participation of large French corporates, [email protected] | Tel: 00223926919 | Fax: 00223939732 | Mob: 01011868892 each of KHC and CDCIC will contribute SAR in addition to diversifying KHC’s investment YENS(100) JPY 6.2606 6.3537 JORDAN DINAR JOD 10.8935 11.8935 375 million (USD 100 million) to the Fund. As portfolio. Data are latest for edition, as per Monday 07/12/2015; GMT 8:00PM طبع مبطابع دار لل�صحافة توزيع جريدة www.meobserver.org 9 December 2015 2 Home Will bank interests push for more investments?

decision that was already taken, re- banks have diversified saving account By Amira Elhamy leasing the 12.5 certificates supports with different rates, for example, the in- the national currency because it en- terest rate of saving accounts in state courages the customer to buy cer- banks ranges around 6 per cent , and After Egypt’s two biggest state bank- tificates with the Egyptian pound.” He this diversity keeps a balance within sreleased the platinum certificates... added the market as it do not have a nega- some forecasts have been circulating On the other hand, a Cairo based tive effect on investment opportunities regarding yet another rise in bank in- banker stated that a raise of bank inter- . Furthermore, this raise of interest for terests. est might happen again: “The interest with the Egyptian pound supports the Last month the Egyptian market rate could exceed the 12.5,” he added. currency and might encourage more witnessed the release of new saving Concerned with the rise in bank cer- national projects to be implemented. certificates for the Egyptian pound with an interest rate of 12.5 percent; tificates interest rates, he argues that He also added that Egypt needs the certificates were released by Bank this raise indicates that the Egyptian more national projects, particularly Misr and the National Bank of Egypt. government is in need of cash liquidity. within the manufacturing field, and The return of the three years certifi- He added that the Egyptian economy if this step was accomplished it will cates is granted consistently through- is facing a crisis and needs projects consequently limit Egyptian imports out the entire period of certificates. Its with immediate cash revenues, actual- and increase local markets exports, categories start from EGP 1,000 and ly many of the projects being held are to support the national currency. “An- its multiples are issued to individuals. projects with long term cash revenues, other important point, is that the econ- The certificates can be used as guar- such as the New Suez Canal project. omy in Egypt has been circulating in antees in case customers want to ob- He also pointed out that raising the in- certain hands for almost 50 years, so tain a loan through easy terms. terest rate of banks certificates will lim- encouraging national projects by sup- An Egyptian state bank official it investment opportunities; because porting the pound will help in diversify- claimed:”Another rise in bank interest consequently banks will lend loans to ing investors who enter the Egyptian rates might happen again.” investors at higher interest rates which market”. He concluded “We are keen to maximize the ben- may discourage potential clients to put Latest reports indicate that the 12.5 efits delivered to our customersand cash in investments. certificates collected around EGP we are working for the benefit of the Concerning the issue of investment 40bn, expected to increase if interest Egyptian citizen; we believe that the the state bank official argued that rates witness another raise. After banning Turkish goods: Egypt could be Turkey’s successor to Russian markets

Turkish organizations, and certain goods includ- native suppliers.” He also added that the ban- investors that contracts signed before 31st of Russian-Turkish trade is worth about $30bn an- By Doaa Hussein ing fruits and vegetables. ning of Turkish goods would not be detrimental Dec. 2015 valid. Yet, contracts signed after- nually. On the 30th of November, the Izvestia daily- a to Russians. wards “would require government approval”, With Turkey quickly emerging as a great re- Russian newspaper - published a list received Economic embargos are thought to be diplo- said Igor Shuvalov, Russian Deputy Prime Min- gional power, its role as a third world economy The Egyptian Minister of Trade and Industry, from a source at the Russian Ministry of Agri- matic means to show discontent or preliminary ister. in exporting basic agriculture goods seems to Tarek Kabil, said in a statement earlier Monday, culture that included banned Turkish products. of a a series of actions intended to weaken dip- Russian Economy Minister, Alexei Ulyukayev, be over, or at least that’s what Russian econom- 30 November, that Egypt is ready to substitute Products like meat, dairy products, seafood, lomatic ties. added that the only real sustainable loss Turkey ic officials think. Turkey in exporting the banned goods to Rus- nuts, herbs, fruits and vegetables. “We are truly saddened by this incident,” Er- will endure is the sudden halt of talks on two ma- This embargo would require Russia to import sia. In his meeting with his counterpart, Denis Yasser Gabr, the Egyptian Ministry of Trade dogan said after the incident adding, “We wish jor energy sector projects, the Turk Stream gas Fruits and Vegetables from somewhere else Manturov, and the UAE Minister of Foreign Af- and Industry Spokesman, declared to El Hayah it hadn’t happened as such, but unfortunately pipeline under the Black Sea and the Akkuyu cheaper, said Russian Agriculture Minister Al- fairs, Abdullah bin Zayed, Kabil said that he had TV channel last week, that he expects the Egyp- such a thing has happened. I hope that some- nuclear power plant. exander Tkachev. offered Russian officials “to replace Turkey”, ac- thing like this doesn’t occur again,” according to cording to Egypt’s Ministry of Trade and Indus- tian- Russian trade exchange to reach $20bn Tourism Turkish Expats in Russia this year, he also noted that he believes in the The Huffington Post. As for the tourism sector, Russian tourists ac- The Russian Government also advised its com- try official statements. Russia is one of Turkey’s biggest business “Egypt is interested in filling in the Russian strength of the Egypt’s ability to sustain Russian count for almost 10% of Turkey’s annual touris- panies to decrease the employment of Turkish partners, it receives 3.8 per cent of the latter’s market needs of merchandise, especially those needs. tic flow, the number will drop considerably due workers and restrict contracts on already exist- exports -about $5.9bn- while Egypt’s exports to that were imported from Turkey, in the wake of Official statistics reveal that the growth rate to banning the cheapest flights from Russia to ing employees. the same Russia amounted to only $354m in Russia’s decision to restrict Turkish imports of of agricultural products in Egypt does not ex- Turkey. They also banned the renewal of their em- 2014, with the agricultural goods representing fruits and vegetables to 66 per cent, as well as ceed 0.03 per cent, leaving deficits in produc- Moreover, Russian tourism companies were ployment contracts, according to The Moscow clothing items.” Egyptian Minister added. tion rates. the biggest chunk, while wheat presents Rus- advised to stop offering packages that include Times. Egypt had asked Russia to provide it with a Egypt witnessed a cutback in its export rates sia’s main exports to Egypt, according to official travel to Turkey, as the Russian government Russian and Turkish Foreign Relations Min- list of Turkish banned products, in order to set from $1695m in Aug. 2015, to $1435m in Sept. statistics. suspended visa-free travels between the two isters are currently in talks, and hope remains a sit-in with Russian importers to overview the same year. The Egyptian government aims to Turkey -in present times of dramatic changes- countries , except for Turkish diplomats and in a diplomatic solution that satisfies both sides offers of Egyptian companies and sign remark- exploit the conflict between Russia and Turkey is in a weak position having to choose between their dependent. Normal commercial air flights, regarding the crisis in Syria and the situation in able deals. to its side and move up its exports this year, its western NATO political ties, and its strategic however, are to resume normal operation with the Middle East. Russian President, Vladmir Putin, imposed especially in witnessed times of scarce foreign economic partnership with Russia in the east. tightening security controls. “We have no intention to go to war with Tur- last week some sanctions on Turkey, following currencies in Egyptian markets. Energy Sector Fruits and Vegetables Trade key,” said Sergei Lavrov, Russia’s foreign minis- the downing of a Russian jet, Su-24 in Syria by Earlier last week, the Russian Agriculture Although no actual embargo was set on any What could affect Turkey’s economy drasti- ter, at a televised briefing, adding,“ Yet we can’t Turkish forces, according to the Russian gov- Minister, Alexander Tkachev said, “Azerbaijan, operating energy contracts between the two cally is the partial embargo that lies now on its but react to what has happened,” according to ernment. The livid president ordered prohibiting Uzbekistan, Morocco and Israel could be alter- countries, Russian officials have notarized their fruits and vegetables sector, giving that the the The Telegraph. contributed by Maram Shalaby ARTOC Auto Economic court compels Efadco Petroleum fines EGP100,000 to pay EGP 46mn to the Arab Bank The Cairo Economic Court Appeals term loans) on the amount of debt Department, presided by Counselor in dollars for the benefit of the Arab for refusing Mohamed Zekri, and the member- Bank. Over 50 years covering Middle ship of counselors Amr Sabri and The Arab Bank had filed earlier a East and Gulf Economic News Hussein Hamdi, and Ibrahim Hanna lawsuit demanding EGP 5mn and to refund as the secretariat, ruled Efadco Pe- $4,885m, and a convention interest troleum Company to pay EGP 6mn of 3 per cent above the credit rate and $5.1mn and the convention yield and a discount for the central bank defected car by 11.5 per cent annually and a con- with a minimum of 11.50 per cent for �أكرث من خم�سون عاماً vention yield of 3.5 per cent annually the Egyptian pound and 3.50 per cent من تغطية �أخبار ال�شرق الأو�سط above the Libor rate (a benchmark above the Libor rate for the dollar. By Alaa Abdel Wanees rate that some of the world’s leading The court issued a verdict dismissing واخلليج االقت�صادية banks charge each other for short- the case. Publisher and Chairman The Cairo Economic Court fined the from a customer who stated that he Yacoub explained that after the car Ahmed Fouda legal representative of Artoc Auto bought a Skoda Octavia A7 car and was referred to the Ain Sham Univer- Company L.E.100,000 and compelled found a fault in it. sity Faculty of Engineering, its report him in his capacity and in person to The Agency investigated the com- revealed that an abnormal sound was [email protected] pay the complainant L.E.10,000 as plaint and the car was referred to the heard at the front and the rear of the an interim civil compensation. He will Technical Committee which directed car at low speed only. Therefore, the also pay the civil and criminal expens- the company to swiftly fix the car and Technical Committee concluded that Vice-Chairman es according to the ruling. The verdict in case it was impossible to do that, as the company failed to repair the car Mahmoud Fouda is also to be published in two widely then it should be replaced by a new or refund its value to the complainant, circulated daily newspapers. one of the same type, model and the Agency’s board issued a resolu- Editor-in-chief Atef Yacoub, Head of the Consumer specifications or pay a refund with tion that the company replaces the H.A.Raouf Protection Agency, said in a statement no additional cost to the complainant car with a new one or refund its value that the ruling was based on complaint within two weeks from the date of re- within twenty days from the date of re- Consultant of ME Affairs no. 112369 received by the Agency ceipt of the resolution. ceipt of the resolution. Yasmine Fouda [email protected] From the trading floor Layout Ahmed Saber The new leadership in the central bank is stir- Agreement constitutes an important step towards segment and the turnkey projects segment, as Qalaa Holding: ring a positive sentiment in the market. The OTMT reaching an agreement to own and oper- each contributed 67.1 per cent and 23.1per cent As a part of the private equity ‘s plan to focus on Address EGX30 gained almost 8 per cent in the first ate an electricity power plant using solar energy respectively. On another front , the company de- its core businesses , its Food industries Subsidi- week of Tarek Amer in office. On Tuesday, within the feed-in Tariff (FIT) program, which will nied news it has signed an agreement with Red- Head office ary Gozour sold the cheese manufacturer al –Mis- The new governor paid foreign portfolio inves- be its gateway into a promising Renewable En- con for Real Estate Development, to develop a raieen in Egypt as well as assets of RIS in Sudan 41Sherif St., Cairo, Egypt tors $547.2 million, clearing the entire backlog ergy sector in Egypt. mall in Fifth settlement-New Cairo, worth LE700 . The latter transaction saw Gozour divesting two Moreover, a statement by the presidency on Abu Dhabi Islamic Bank Egypt (ADIB): million. Halawa and biscuit plants in Sudan to a Sudanese Tel: 00.202.23926919 Wednesday noted that Egypt’s central bank Palm Hills for Development (PHD) investor for an enterprise value of $4.3 million. will inject U.S. dollar liquidity into the market The Egyptian Financial Supervisory Authority Fax: 00.202.23939732 (EFSA) approved to exempt ADIB from sub- The real estate developer launched its newest As for Al Misrieen which stopped production in this month and plans an exceptional foreign ex- projects last week. Capital Gardens is located on 2012, it was sold at an enterprise value of LE50 Mob: 01006670340 change auction. mitting mandatory tender offer to buy Adiles Leasing. EFSA said it exempted the lender from Cairo-Suez road over an area of 103 feddans. million. The buyer, will assume all debt, liabilities Orascom Telecom Media and submitting offer to buy 35.73 per cent stake in The new project comes within PHD’s vision to and obligations of El-Misrieen, including bank [email protected] Technology Holding Adiles, jointly owned by El Kahera El Watania carry out integrated real estate projects in stra- debt of LE16.5 million. tegic areas. (OTMTH) said that, its fully owned subsidiary, O and Alexandria National Co. for Financial Invest- Orascom Development Holding (ODH) ment, in the light of the restructuring of the bank. The project will be carried out over four phases, THE MIDDLE EAST OBSERVER Capital for Energy has signed the Cost Sharing The Company plans to raise its issued capital by Agreement with the Egyptian Electricity Trans- Meanwhile, the bank said it is bidding, as a the first of which will start this month. The MOU of up to approximately 278 million Swiss Francs to IS YOUR LUCKY CARD mission Co. (EETC) related to the solar power part of a consortium, to provide a loan worth LE3 the project was signed between PHD and Madi- support ODH’s real estate development initia- FOR A SUCSSEFUL BUSINESS plant in Benban Aswan. billion for the Egyptian Electricity Transmission net Nasr for Housing and Development (MNHD) tives in order to strengthen its financial resources. The agreement shows the obligations on com- Company. The consortium consists of 4 bank- In February. The land of the project is owned by The company owned by Sameeh Sawiris needs pany the under the feed-in -Tariff (FIT) program ing institutions. The loan will be granted under MNHD which will offer the land in addition to its financing to meet obligations related to real es- Annual subscription rates in the Benban project. Companies involved in the a guarantee from the ministry of finance with a being the project’s master developer. PHD Palm tate developments in Oman and Montenegro for project will share the cost of the construction of duration of 10 -12 years. Hills will be responsible for the project’s design, 2016 and 2017.Meanwhile, Khaled Bichara will Egypt L.E 275 roads and electric substations to transfer energy El Seweedy Electric: reported a jump in third- marketing, implementation and delivery to clients. become the next CEO of the company. The an- Arab Countries US$ 375 produced from the Benban station in Aswan. quarter net profit by about 298.7 per cent com- Moreover, The Company’s shareholders said its nouncement comes as ODH signed a six-year OTMT plans to participate in the FIT Program pared to a year earlier to reach LE298.95 million. extraordinary general meeting gave go-ahead to agreement with Bichara’s Accelero Capital to Rest of The World US$ 420 by designing, procuring, constructing, erect- Revenue rose to LE4.43 billion the same quarter raising the company’s issued capital from LE4.34 “provide advisory services to assist ODH in im- ing, installing, testing, commissioning, financ- from LE4.30 billion in third quarter of 2014. billion to LE 4.39 billion. The increase will be dis- plementing an operational and financial turn- ing, owning, operating and maintaining its So- According to Pharos, The main contributors to tributed across 26.68 million shares at LE 2 par around. Bichars sits on the board of Orascom [email protected] lar Energy power plant Project in Benban .This the quarter’s revenues were the wires and cables value each. Telecom Holding since 2003. www.meobserver.org Home 3 9 December 2015 Customs sets up two lists Acumen launches Real Egyptian stock market Estate funds in 2016 Rana Adawi, Co-founder to identify smuggless and Managing Director of Acumen Holding Ltd, said that the company on the road to recovery Dr. Magdi Abdul Aziz, Head of the activation of the electronic signa- will begin its real-estate Customs Authority, said that the ture system is applied. fund -the first of its kind authority has taken serious steps In his address, Head of the in the Egyptian market- to counter smuggling, whether Egyptian-Belgian Businessmen in March 2016. With a the central bank has injected "confi- capital ranging between By Mahmoud Hammad dence" in the Egyptian market, which of weapons and other prohibited Association Dr Rafiq Attia called commodities or drugs of all kinds on the Customs Authority to con- EGP 250m and $300m. is the most important element. Adawi has singled The Middle East Observ- He added that the decree bestowed as well as military uniform. It is dif- front smuggling operations which er out with her announcements regarding the "A life kiss to the Egyptian stock mar- ficult to control smuggling, he said, have harmed the national indus- security to the foreign investors that main reason the company founded this fund, ket", in this way the money market adding that the Secretary-General try and to find a solution to some which was the crisis Egypt's financial market experts described the announce- they can transfer their profits easily of the World Customs Organiza- importers who forge certificates of abroad; referring that the mechanism has went through during the past 5 years. ment of the central bank of Egypt, tion praised Egypt’s experience origin and also manipulate prices This, according to her statements, pushed last week, concerning repayments of the central bank grants the foreign in controlling such operations dur- stated in the import bills. Acumen to think of "untraditional" products for foreign investors, which they investors to convert their currencies ing a symposium organised by the For his part, Ahmed Hassanein, and investments, ideas like the real estate deem as the first step in attracting into the Egyptian pound from the of- Egyptian-Belgian Businessmen the head of the technical office at investments are the safest place to run your new investors. ficial markets "banks", and then the Association. the Customs Authority, said that assets. she added. Economists pointed out to "The central bank will transfer their money Sherif Samy The authority’s staff, without Egypt did not benefit from the She also added that what drove Acumen to- MEO" that the positive points of this abroad. scanning devices, were able to Agadir Agreement with Jordan, wards new investments was the rise in Saving decision will be reflected by an in- He said as well that the high drop discover substances that are Tunisia and Morocco in creating Certificates, which commercial banks put at crease of money flow in the markets, harmful to the national economy an integrated industry as it was 13.5 per cent - while Acumen puts real-estate of the Egyptian stock market for a funds at a targeted 19 per cent interest-rate. and in pumping new investments as year and a half will attract new in- and the citizens as various meth- prepared at the signing of the ods of smuggling are being used, agreement, adding that it is time to Acumen is doing business carefully, that's why well, however, some people feared vestments again, and when foreign- the fund will start running next March not ear- the expected pressure, represented he said, pointing out that the au- take advantage of this agreement. ers receive their suspended profits, thority will set up two lists, a white Egypt signed the Agadir Agree- lier- to carefully put effective means to imple- by this step, on the country's mon- ment a successful business. new investments will be created. one for committed clients of cus- ment with the three countries af- etary policy due to the shortage of Enaba assured that the central Real-estate investment funds operate dollar in the Egyptian market. toms and a black one for smug- ter three years of signing the Arab through owning real-estate assets, lands and bank will compensate for the loss in The Egyptian central bank said glers who committed more than Trade Agreement so that the Eu- buildings, and use them in investments, rent- that it started repaying all due to the the dues which will be paid in dollars one smuggling operation. He re- ropean goods can enter through ing and reselling; that's according to the Egyp- foreign investors, which amounted to through the loans that Egypt will get ferred to a meeting with the Min- these countries from and to Egypt tian Financial Supervisory Authority's bylaws ister of Finance’s adviser, saying duty-free. However, this has not $ 547,2m. this month ($1.3bn from the Inter- Mohamed Saeed for real-estate funds. Adawi also added that it revealed around 11 reported been achieved yet. The Bank also bestowed the for- national Monetary fund, and $500m overrated taxes on real-estate investments smuggling operations by one per- Meantime, Joseph Hosni, the prevented the establishment of any invest- eign investors the right to participate from the African bank for develop- ment), in addition to the money that son during the current month only, Head of the Central Department ment funds during the past period, but new re- in the governmental debt tools (case forms regarding income taxes laws, documen- will be pumped by the Egyptians liv- which means the situation is seri- for Customs Evasion, said smug- permits and assets). It also allowed ous. This requires taking unprec- gling rates have become so high tation of capital profits and investment funds the investors in the money market to ing abroad, represented in selling the edented measures to control it, he and reached many of the seals distributions. She cleared out that many coun- enter the foreign flow directly. Once lands of "Beet Watan" project. said, adding that around 20 smug- and even government approvals. tries give individuals real-estate investment that happened, there were no delays Mohamed Saied, a member of the gling operations are being report- The authority has succeeded to funds through tax-exemptions, to encourage reported. Egyptian association of technical ed daily, the latest of which, seized seize large quantities of banned young investors to buy and profit. Sherif Samy, the chief of the gen- analysts, he also speculated a posi- at dawn today, was the attempted goods from the first of July 2014 Adawi urges to find real profit for investors eral authority of financial censorship, behind real-estate investment funds, for it to tive performance by the stock market smuggling of two tons of drugs. until the end of June 2015, includ- do what it really does, and attract the most of said that what the central bank has in the short term, if the bank repaid The authority will ask the Eu- ing 48 reported cases of smug- done is neither an initiative nor a fu- investors in the market. Ceo Adawi also said all the owed investors, and this will ropean Union to reduce the time gling Tramadol and steroids worth that those funds will refresh the real-estate Ihab Saeed ture guarantee for what will happen; increase the money flow, values, and taken for investigating European EGP 129 million, 89 cases of sector, because it would simply allow owners however, it is merely a solution to the sizes of circulation in the stock mar- certificates of origin, known as heroin and cocaine worth EGP 2 to buy parts of the property through assets, as foreign investors' dilemma. ket. Euro One because the agreement billion, 22 cases of fireworks worth it will also provide market liquidity and invest- He also noted that the Egyptian with the EU takes a long period On his side, Hossam Heba, a EGP two million pounds, 23 cases ments' opportunities. market has had a guarantee to pro- of time to verify them. He added of pesticides worth EGP 3 million, Acumen Holding ltd. is an investment bank tect foreign money since March member of the Egyptian association that 60% of these certificates are 73 cases of the liquor worth EGP that offers many financial services to companies 2013, and any foreign money that for direct investment, pointed out forged and the EU is delayed in re- 158 million and 234 cases of unli- and individuals, whether by assets brokerage buys money bills, is guaranteed to that investors still worry about the sponding to the Egyptian customs censed drugs worth around d EGP or management, as well as the upcoming real- exit by the central bank, so the prob- hard currency shortage, although, to verify whether or not the certifi- 149 million. estate investment funds. The Acumen funds -to lem was in the deals made before the central bank's new board of di- cates are authentic. Hosni added that forging seals be first of its kind in Egypt- have been previously March. rectors, including DR Farouk Al-Ok- The Ministry of Commerce ex- have reached an unprecedented attempted by many commercial and investment Wael Enaba, the manager of da, and DR Mohamed Al-Erian are pressed reservations as regards level, pointing out to seizing a banks before, yet there were always halts due to Al-Awa'el Company for managing deemed to be good indicators for the to a request by Switzerland and forged stamp of the Urban Com- the volatility of the Egyptian market. portfolios, said that the decree of upcoming period. Waeel Enaba the UAE on the electronic verifica- munities Authority inside the com- By Mahmoud Hammad tion of the certificates until the full puter of a leading importer. Egypt's nuclear era: Al-Dabaa

the need for experts, and high level trained ject’s maintenance, compared to the complicated By Alaa Abdel Wanis workers, in addition to the sophisticated safe- finances of traditional power generating stations. ty and maintenance measures. The project will contribute to the decline in gas emissions, which are typically produced while Egypt’s President Abdel Fattah al–Sisi signed Pros of the project: generating electricity from fossil fuels. a deal -with Russia‘s Rosatom State Nuclear The most salient benefits of the deal with the Regarding the project‘s ability to solve power Energy Corporation- to build Al-Dabaa nuclear Russian company included providing insurance outages in Egypt, some experts confirmed that power plant project in Egypt. and protection of the country from any possible Al-Dabaa project will contribute in solving this The Russian company presented the best threats. problem. They added that the project is one of terms to build the project, beating offers from The Egyptian Minister of Electricity and Re- the pillars of electric power providers in Egypt; other countries like Frane and China. newableRsources, Dr Mohamed Shaker, an- other power sources include natural gas and coal The deal with the Russian company in- nounced earlier that the Russian company‘s power generating stations. cludes building four nuclear reactors to produce offer is unprecedented, and involves protection It is noteworthy that many of the power gen- 4.800MW -of eight reactors in total- which means erating stations are unfortunately expired, they each reactor will have the capacity of 1.200MW against internal and external impacts.”The sta- tion can endure explosions of 30 kilos pascal/sec must be replaced by new highly efficient multi- of electricity. source stations, putting into consideration that -equivalent to the strength of a crashing plane weighing more than 400 tons, with speed of 540 nuclear power stations have a long life span -35 Project's feasibility: km/h,” Shaker added. years- while the traditional power generating sta- Dr MedhatYoussef, an oil expert ssured that According to a source at the Ministry of tions‘ life span limited to only 15 years. Al-Daba is Egypt‘s most significant project and it Electricity,the Al-Dabaa site has been studied Youssef assured to the MEO that Egypt will de- can be considered “the first national project” be- well by Egyptian, Russian and international ex- pend on natural gas during the upcoming period, cause it depends on nuclear energy rather than perts, before starting to throw the project‘s foun- till the launching of the nuclear power stations -9 fossil fuels like petrol, gas and coal. dations. years later- as well as coal stations in 4 years. Youssef added that the only difficulty nuclear It is noteworthy that the Russian company power plants present is their high-cost expenses, also introduced some facilities like paying for the Opportunities and dangers: ranging between $10 to 12bn each. project‘s expenses throughout 35 years from its Al-Dabaa station will provide approximately 1200 He also pointed out that the project‘s outcomes initiative. President Al-Sisi declared earlier that job opportunities in the fields of engineering, me- would be sensed 4 years after its deployment, the costs of the project will be obtained through chanic and administeration. The uses of nuclear as it will only provide 5 to 6 per cent of Egypt’s its profits, and not through the country’s general power extend to medicine, sterilization, diagno- needs. budget. sis, agriculture and industry. On the other hand, Youssef also stated that another advantage of the dangers and risks of this kind of power lie Challenges in implementation: the project was to diversify Egypt’s power sourc- within radiation leakage such as what happened The main challenge of Al-Dabaa project is es. In addition,with such project, Egypt would not with the Chernobyl radiator that killed thousands the amount of time required to build one nu- solely depend on the volatile oil prices. of people, in addition to the difficulty of getting rid clear station (8-9 years). Other obstacles are Another advantage is the low cost of the pro- of the nuclear waste.

The Chinese African summit Egypt lifts 2015-16 Entrepreneurial contest

GDP growth forecast Seedstars World (SSW), is a business contest that en- concluded successfully last Saturday courages young intellectual minds, it supports bright Reuters: Egypt revised its GDP target for the current fis- business ideas that have potential to be smart invest- cal year to 5.5 per cent from 5 per cent on Saturday and ments through offering financial and technical support said its economy grew at 4.2 per cent in the 2014/2015 to executers. SSW is more concerned with small com- fiscal year, up from 2.2 per cent the previous year. panies that holds potential to grow big, the contest will Total GDP for fiscal year 2014/2015, which ended in take place in Cairo this month, Dec. 13th, and will hold June, was 2.4 trillion Egyptian pounds ($307 billion), plan- debates between youngsters on their running startup ning minister Ashraf al-Arabi told a press conference last businesses proposals. The winner will be granted re- Saturday. sourceful support from SSW to expand their business "The economy has responded favourably to reform ideas and make it a legible profitable world-wide invest- processes put in place by the government and economic ment. stimulus measures that have injected huge additional in- Seedstars Innovation Sourcing Program aims to en- vestments into labor-intensive infrastructure projects," a courage entrepreneurs in underdeveloped countries, statement from the ministry said. and concentrate its efforts to prepare brilliant minds, Fourth-quarter growth for 2014/2015 rose to 4.5 per giving them the ability to compete on an international cent from 3.8 per cent a year earlier, the minister said. level. This is not its first time in Egypt, it has visited be- Total investments were 14.2 per cent of GDP for fore, but its fruitfulness seem to be more effective this 2014/2015, up from 13.3 per cent a year earlier, and the year, as Cairo has been active economically for the past country's trade deficit rose to $38.8 billion for 2014/2015 eventful year -giving that Cairo was listed in Forbe›s top from $34.1 billion the year before. 10 markets for startup businesses... Egypt said last Saturday it would increase exports, The event will host the 12 most ingenious pitches, which dropped 17.4 per cent in the first ten months of the ones that is to be presented before local and interna- nouncement is considered a preciates the economic and Egyptian cabinet. year. Egypt's inflation rate for 2014/2015 stood at 10.9 per tional juries, the winner would be granted a flight ticket By Doaa Hussein political document of the prin- social efforts of china in sup- In the meantime, the Chi- cent, Arabi said. to Switzerland to compete for at least $1.5m worth of ciples and objectives of co- porting the African continent nese president Xi Jinping said investments -offered by SSW. operation between china- the countries, especially Egypt. on the opening of the summit, Participants could apply for the event through its web- The china – Africa coopera- second largest economy in Egypt has offered 15 new that his country would provide site and could look forward to enjoy a blend of disruptive tion summit closed late on the world and Africa. It states projects costing $ 10bn. "the $ 60bn for development pro- tech, inspirational keynote and networking sessions. Saturday declaring the Johan- also the shared stances be- Chinese side is interested in jects, cancel some debt and In his words about Seedstars event in Cairo, CEO Ali- nesburg announcement, and tween the two sides consider- the projects, especially those boost agriculture over the next see de Tonnac -of Seedstar World- said, “Our goal is to the working plan of the 2016 ing the world issues. in the Suez Canal zone, in- three years in the continent. A create the network for quality entrepreneurs around the / 2018 Chinese African forum. The Egyptian PM Sherif Is- cluding power generation, stance that was eulogized by world and help entrepreneurs, accelerators, co-working The summit started last week, maiel has made a speech on logistics, transportation, and the south African president, spaces and investors to interact with one another.» and continued for two weeks. the closing day of the confer- infra – structure" said Hossam leading the summit, saying The Johannesburg an- ence saying that Egypt ap- Gawish, the spokesman of the that Xi Jinping is "God sent". www.meobserver.org 9 December 2015 4 Arab & Gulf $100m loan from Al Sadiq Al Mahdi, Sudan’s former prime minister KSA to Egypt Brotherhood's experiment in Sudan is 'a crime against Islam'

Al Sadiq Al Mahdi, the Suda- tees you requested from become a reality because nese former prime minister the African mediator? it occurred away from any and leader of the Umma Party, •• We told him that the African agreement between the up- said Sudan today is under in- mediation mechanism informs stream and downstream ternational guardianship and the African Peace and Security countries but the countries more than 35 thousand foreign Council to issue a resolution concerned should agree on troops are present. President on starting the dialogue based three things. Firstly, the wa- Omar al-Bashir is wanted by on a specific roadmap with the ter storage speed in the lake the International Court of Jus- regime under international aus- should not affect the quota Al-Qattan tice, he said, pointing out that pices abroad and ending with of Egypt and Sudan in the the United Nations Security Nile water; secondly, the The Saudi Ambassador, Ahmed holding a national constitution- Al-Qattan stated that the Board Council under Chapter VII, had al conference in Khartoum; to dam should be managed by issued 62 resolutions against draw up executive mechanisms Egypt, Sudan and Ethiopia; of Directors of the Saudi Fund for Sudan, which means that the and a timetable for democratic and thirdly, an agreement on Development – which is headed Sudanese regime threatens transition of power in a way that neutralising the issue of the by Ibrahim bin Abdul Aziz, Minister world peace and security. meets the legitimate aspira- dam should be reached. This of Finance - agreed to allocate a He added that the Muslim tions of the Sudanese people. agreement should be present- loan of $100 million to help finance Brotherhood's experiment The resolution should include ed to the Security Council so the power plant expansion project in Sudan was a major crime the African mediator’s author- that the Nile water should not in the western district of Cairo against Islam because it raised ity to refer to reports accredited be used as a political weapon to increase its capacity to 650 Islamic slogans to apply a internationally and to evaluate and I find that this is possible, megawatts. Qattan also stressed fascist regime that led to the the responsiveness of each because Ethiopia knows that that Saudi Arabia will continue any kind of political action in backwardness of the state due party with regards to reaching to support Egypt in all fields. to restriction of freedoms, jus- a solution. the Nile River water will bring tice and tightening the rights of about a lot of damage to it Question: Why is this loan provided citizens. The Middle East Ob- Some people accuse and it does not want to create at this time? server met him and following is you of desiring to inter- problems. the interview: nationalise the issue .. Egyptian Minister of Investment, Dr. How do you see that? How do you see the Ashraf Salman, said last month during In your opinion, what is the experiment of the Muslim an interview with the local Channel ‹ON These words are being said Brotherhood in Sudan? correct way for Sudan to to deceive people. Sudan is TV› that Egypt currently does not need join in a serious dialogue? under international guardian- The Brotherhood's experi- a loan from the International Monetary It is well-known that all Sudan’s ship and there are 35 thousand ment in Sudan was a major Fund to support the state’s budget, and 16 agreements were brokered foreign troops in Sudan. Presi- crime against Islam because that the government is aiming to collect through international media- dent Omar al-Bashir is wanted it raised Islamic slogans for $4 billion in proceeds from the sale ter- tion or the mediation of the by the International Court of the sake of applying a fascist ritory of Egyptians abroad. Intergovernmental Authority on Justice and Sudan now has regime that led to creating a Development (IGAD), an eight- 62 resolutions issued against backward state due to restrict- Question: Did the minister change country trade bloc in Africa, it by the United Nations Secu- ing freedoms, justice and de- his mind or is this a pure political deci- Ethiopia or Doha and therefore rity Council under the seventh nying the rights of the people. sion for Saudi Arabia, especially since all the agreements were out- chapter. Some four million The Brotherhood experiment Saudi Arabia produces about 10.5 side Sudan and under interna- Sudanese nationals are living resulted in the division of Su- million barrels of oil a day? tional auspices. The African on foreign relief aid and all this dan, the outbreak of wars and Union has a council named confirms that Sudan is under ill reputation abroad. With re- Saudi Arabia is trying to attract new the African Peace and Secu- foreign guardianship. spect to Egypt, many reasons investments in the field of oil, therefore, rity Council that comprises 15 The Sudanese regime has have led to loss of credibility it is providing Egypt with a loan in the members from the African Un- restricted the state, which had such as the constitutional dec- field of electricity, probably because ion. The Council has chosen never occurred in its history, Al Mahdi laration and control of the judi- power stations in Egypt are fueled by a mechanism to mediate in through international resolu- ciary in the era of Morsi when petroleum products. Does Egypt re- Sudanese affairs, headed by tions, international troops and the current regime. How do you see the they did not benefit from. The the Egyptians discovered that quire such loans, bearing in mind the former South African President international guardianship. Renaissance Dam and how other thing is the increasing the group was directing their What is the role played fact that it possesses the largest gas Thabo Mbeki. This mechanism What we call for is not inter- to resolve this crisis now? population which urged them to president. field in the Middle East, which shall nationalising the case but to by Cairo in settling the take advantage of water in de- initiated contacts with all the In Sudan and Egypt we have • How do you see the issue begin to generate profit after 5 years? have dialogue as part of a neu- political crisis in Sudan? velopment projects. Sudanese parties, commis- to admit that we have created of Halayib and raising it Moreover, the government acknowl- tral mechanism and not to be We believe that there is a great sioned by the African Peace a cold war in the Nile Basin be- What is Sudan's stance internally from time to time? edges the public debt to be $283 bil- and Security Council, and it headed by one of the parties to deal of negligence on Cairo’s cause in 1959 we agreed to di- regarding this dam? Raising the issue of Halayib lion. The consequences of these loans was able to establish contact the conflict. It should be from part regarding Sudan. In 1999 vide the River Nile water without The Renaissance Dam brings more than once by the Su- will be felt in the near future. Their ef- with all the parties. The body, outside Sudan in order to com- when Washington sought to the presence of the upstream benefits to Sudan more than danese regime is for internal fectiveness shall also be tested to find headed by Thabo Mbeki, called plete the image and to have find a solution to the Sudanese countries. We rejected their for a meeting in Addis Ababa to mutual confidence and the final crisis it preferred that the file damage so it is closer to the mobilisation against Egypt and out whether they are indeed efficient or presence and a bloc was es- stance of Ethiopia than Egypt. to drive the Sudanese citizen be held inside the offices of the agreement that will be reached should be handled by former tablished among the upstream fictitious like other loans. in a Council we call the “nation- The most important of these away from the difficult internal African Union in order to reach Kenyan president Daniel Arap countries. There is nothing in al constitutional conference" to benefits is that it blocks water issues in Sudan. In my opinion Saudi Aramco CEO an agreement. However, after and former president Hosni common between the Ethio- take place inside Sudan. Dis- because the evaporation rate this issue can be tackled away the Sudanese government ac- Mubarak and Sudan agreed pian plateau and the Equatorial says he sees oil prices cussions inside is the end of in this area is lower than any from the media. cepted this invitation in March on that. However, we talked plateau except an opposition 2015, it turned it down and did the road and not the beginning. with Egyptian officials and as- other area in the north and adjusting in 2016 stance regarding Sudan and flood of the Blue Nile strongly • What about the Sudanese- not attend. sured them that in the best in- What are the roots Egypt and we have given them rushes during the first three Iranian relations which have Therefore, forces opposing terest of Sudan, Egypt should Reuters: Saudi Arabian Oil Co (Saudi of the Ethiopian- a reason to take this stance months and the construction of witnessed tension recently? the regime went to Addis Aba- Aramco) chief executive officer Amin Sudanese disputes over intervene in this issue but Cairo against us because we neglect- the dam protects Sudan from There is a huge security coop- ba and met with members of Nasser has said he hoped to see pric- Al Fashqa land? refused because at that time ed them. The second mistake the harmful effects of the flood eration between the Sudanese the African mechanism. After there was a self-determination made by Ethiopia and Sudan es adjust beginning in 2016 as non­ the meeting Mbeki met with the Yes, there are large differenc- such as clay which reduces the and Iranian security bodies as and the Sudanese agreed that was that they underestimated conventional oil supplies start to decline. regime and invited them once es, Sudan is excessively estab- life span of our dams. Also, the Iran trains Sudanese security if an agreement was reached the upstream countries as we "This year you see a decline, there again for a meeting with all the lishing relations with all African dam will generate electricity at bodies. The Sudanese and with the southerners, then the believed we could do anything is no additional unconventional oil parties to draw up a roadmap countries not only Ethiopia. Al a lower cost to Sudan, but the Iranian regimes have close self-determination should be as long as the water came from coming to the market, actually there for dialogue. The Sudanese Fashqa land is very fertile in damage to Sudan and Egypt is relations and Iran contributes applied but Cairo refused. We these countries to our countries is a decline," Nasser told an energy authorities refused and told eastern Sudan and there is a that it will strengthen the Ethio- to the military production in told them "you did not agree on conference in Qatar's capital Doha. him they do not have any dia- conflict between Khartoum and as it had in the past. However, pian influence and if political Sudan and therefore Sudan’s the self-determination but say "The supply and demand imbal- logue except inside Sudan and Addis Ababa over it. We have the technological changes cre- differences emerged between participation in the Operation agreed with the Ethiopian gov- that we agree on what the Su- ated two new elements: first the upstream and downstream Decisive Storm, despite the ance in the market will adjust and sta- within the framework of the 7 bilise and the gap will be closing, and +7. Mbeki conveyed the mes- ernment to settle on this topic, danese people agree" but they possibility of transferring water states, Ethiopia will use the fact that it was a media show, they recognise that this land is also refused and this made the to dry areas and the second dam politically. yet it was a surprise. The par- we will be seeing, hopefully, an ad- sage and we refused to hold justment in the prices going forward dialogue inside Sudan. Sudanese but they can invest Egyptian government abandon is the production of electricity. ticipation was an attempt to in it. However, now the issue of the Sudanese file and in my This, created interest in water • What is the solution? activate the economic sector starting from 2016," he said. ­ What were the guaran- Al Fashqa is being given up by opinion this was a big mistake. that was once just sources that The Renaissance Dam has by the Gulf States.

Egypt's Former Ambassador to Qatar Reveals A Story of Success

His Excellency Ali Al-Naimi, Minister of Petroleum 3 Reasons Behind Qatari Economic Collapse and Mineral Resources, Kingdom of Saudi Arabia

is working on new plans for next Egypt's former ambassador By Mahmoud Ali year's budget to avoid a large to Qatar, Mohammed Alme- budget deficit, yet some experts nessi, said the government revealed that Doha is facing a has been rushing in spending In light of the scorching finan- large budget deficit that could over the past twenty years in cial and economic crises, the lead to austerity and spending a way that led to such a deficit, decrease in oil prices and ten- cuts. stressing that there are three sions in the majority of Middle Qatari Minister of Finance, Ali main reasons resulting in the Eastern countries, Qatar is fac- Sherif Al Emadi, said his coun- deteriorating financial situation ing an economic crisis, which try’s general budget for 2016 in Doha recently, which was affected its normal budget in will witness the first deficit in 15 reflected in the announcement the previous years, leading to a years, pointing out that the gov- of some government auster- budget deficit this year that has ernment's options are open in ity measures. He added that not been witnessed by Doha in terms of financing the expected the first reason is the rush in 15 years. deficit through offering local or spending in the wake of the This forces the country to adopt international debt tools without overthrow of Hamad, the father, Al-Naimi some austerity policies in the resorting to the cash reserves pointing out that they relied on coming phase. Observers be- or the state’s sovereign wealth pumping a lot of funds in gas in- Engineer Ali Ibrahim Al-Naimi vice president of petroleum affairs lieve that Qatar’s shrinking and fund. vestments which are very costly was born in 1935 in Ar-Rakah in in 1978. Al Naimi was elected as a its unlimited support to armed The International Mon- without near-term returns. This the Eastern Province. He joined member of the board of directors in groups that are close to its etary Fund previously warned leads to spending without rev- Saudi Aramco in 1947. Al-Naimi 1980 and was promoted to the po- ideology such as the Muslim through its general director, enues, he added. The second studied at the American University sition of executive vice-president Brotherhood, are the reasons Christine Lagarde, the Gulf reason isalso related to natural of Beirut and resumed his educa- of oil and gas affairs in 1980. He behind such deficit, especially states; particularly Qatar, that if gas as new competitors are tion in the United States at Lehigh was named president of Saudi Ar- after Doha has allocated large new policies were not adopted, now exporting gas to the world; University. He obtained a bachelor amco in 1984, being the first Saudi funds to support these fronts. the financial reserves will shrink particularly, Pakistan and Uz- of science degree "Geology" in to hold that position. In 1988, com- It seems that Doha’s support dramatically and may dry up af- bekistan, across the Caspian 1962. He later earned his masters bining the presidency and chief and funding for a large number ter 5 or 6 years. Bankers said Sea. This has led to a lack of of science degree in hydrology executive position, he was named of those groups in several Arab that Qatar is holding talks with demand for Qatari gas. In ad- and economic geology at Stan- president and chief executive of- countries; especially Syria, banks to get a collective loan of dition, Europe depends heavily ford University in 1963, Al-Naimi ficer. Al-Naimi became the Minis- Egypt and Libya, have not real- up to ten billion dollars at a time on Russian gas after Moscow rejoined Aramco as a Geologist ter of Petroleum and Mineral Re- ly realised its objectives. It has when the Gulf state is seeking completed its gas line in the till 1967 and a supervisor for the sources on 2 August 1995. Along been spending billions without to enhance its cash which has past few years. Abqaiq production department in with his responsibilities & Ministry being aware that this would shrunk because of the drop in Menessi, who was Egypt’s 1969. He was then promoted to commitments, Al-Naimi Super- backfire on the security and the first ambassador to Qatar, said oil prices. One banker said that assistant director and then direc- vised the foundation of (KAUST) economy and, therefore, the Qatar is holding talks about a the third reason, which is the tor of production in the Northern King Abdullah University for Sci- signs of economic collapse and five-year loan whose interest most important, is pumping Province (1972-1975). He be- austerity are looming. Despite is expected to be less than 100 billions of dollars to financially ence & Technology. Al-Naimi was the statements of Emir of Qa- points based on the interest support Political Islam groups came vice-president of production awarded on multiple occasions for tar Tamim Bin Hamad to calm rate prevailing in the London and extremist organizations, affairs in 1975. He was appointed his excellence and success. down his people saying that he interbank trading (Libor). he said. Tamim Bin Hamad www.meobserver.org World 5 9 December 2015 ISIS visits America Chinese yuan: ”You ain’t no Muslim bruv“ which challenges the security and intel- a new By khaled Amin ligence’s capability to stop possible up- coming threats. Britain has launched air strikes against ISIS targets in Syria CALIFORNIA: Last week, Wednesday last week, and looks forward to rein- Dec. 2nd, a bloody shooting took place player in the force its contribution to the US coalition in San Bernardino -a city in the deserts in Syria. For that reason, a terror at- of California- killing 14 and leaving tack was attempted by Muhaydin Mire around 20 severely injured . The attack in east London’s Tube station, after was executed by a married couple who he used a knife to stab another citizen IMF basket broke into a holiday party -armed with while shouting “this is for Syria”. The assault rifles, covered in black masks- incident was recorded and shared on and started shooting down coworkers. media and social networks, where the The couple, 28-year-old Syed Rizwan phrase -a citizen shouted to the attack- By Doaa Hussein making sure of the free usability Farook and 27-year-old Tashfeen Ma- er- “You ain’t no Muslim Bruv” went vi- and vast availability of the yuan - lik, attempted to evacuate the scene ral. Leaving the world with unanswered two basic criteria to become a re- but were chased down and killed after questions regarding the causes and The Chinese yuan is to be consid- serve currency. a gun rage by police. effects of the Syrian crisis. “The threat ered from now on a spearheading After the announcement, allega- Syed Farook, born in the US with Pa- from ISIL is real, but we will overcome player in the international econom- tions were largely sparked about kistani origins, he worked as a health it”, said Obama on his speech address- ic league, after being bestowed by inspector for San Bernardino County, the political nature of this decision, ing the California shooting. “We will de- the IMF (International Monetary saying that the IMF is bowing to investigations later concluded that stroy ISIS”, the US president stated. Fund) to be the fifth reserve cur- possible disputes arose between him pressure by China. Germany, on the other hand, fears de- rency in its elite basket last week. Those allegations were re- and one of his coworkers -said to be ploying ops on Syrian grounds against The five yearly review of the IMF nounced by spokesman Gerry Jewish- yet features of an organized radical forces; as it will jeopardize its terror attack started to take shape af- basket of currencies conducted by Rice saying the decision was homeland against possible terror at- Managing Director Christine La- ter investigators revealed a number of tacks. The phenomena has gone be- based solely on “technical” consid- home-made bombs, assault rifles, and yond the regional scene, ISIS seems garde, resulted in giving the yuan, erations. thousands of rounds back in the cou- to be more organized in the west than also known as the renminbi, the known technique Ayman Al-Zawahry that was out there, the high-powered Implications on china: ple’s house. Malik, Farook’s wife was it is back in the east. Which leaves approval stamp to join its reserve had previously implanted in many ar- weapons and explosive devices, we put under inspection for her mysterious many suspicions behind who are the currency basket, alongside with The yuan’s “inclusion is unlikely to suspicious background, raised in Paki- eas across the world. Such cells es- are continuing to go down the path to real suppliers of this organization, it is the US dollar, the British pound, have great impact on short-term stan and lived in Saudi Arabia, it was tablish their own mouth-to-mouth net- insure that we find all the evidence that known that most of ISIS recruiters are the Japanese yen, and the euro. demand” for the currency, said IG confirmed that they had links with ISIS. works - they use dark webs and basic pertains to this matter, we have also western Muslims who traveled to Syria The last change made to the bas- market strategist Bernard Aw in a Reports found evidence of Malik pledg- phones to avoid easy detection- and uncovered evidence that the suspects for “Jihad” and pledge their allegiance ket was in 2000, when the euro report, according to CNBC. ing allegiance to ISIS leader Abu Bakr operate their attacks independently. attempted to destroy their digital finger- to their “Caliph” Abu Bakr AL-Baghdadi. replaced the German mark and He added that what is more Al-Baghdadi on Facebook, in 2014 she Nicholas Thalasinos, 52-year-old prints. For example, we found to near- Other forces were yet Sunni powers that the franc. important is the boost given to arrived in the United States -using a fi- Jewish American, had received many by cell-phones in a trash can, those were marginalized in both Iraq -after US By this approval, the yuan is the Chinese government to go ancé visa- to live with her husband and threats the night before the attack. He cell-phones were actually crushed, we appointed president Nour Al-Malki took granted also to be in the SDR – on with greater liberalization to have retained those cell-phones and was a mother of a 6-month-old daugh- was known to be as a kindly hearted over Baghdad’s office- and Syria after the Chinese financial market. San Bernardino employee who was an we do continue to exploit the data from Special Drawing Right - which is a ter whom they left behind. Neighbors borders became openly unsecured. supplementary reserve asset, cre- It is noteworthy that the actual im- and Farook’s family reported to the outspoken critic of radicalized Muslims those cell-phones. We do hope that Muslims are condemning those vio- and have had prior arguments with the digital finger prints -that were left ated by the IMF to decide on the plementation of the new IMF cur- press, “She acted as a regular mother, lent acts which are typically claimed currency mix that will be given to rency basket is to be in October soft spoken with quite attitude. Tash- Farook witnessed by other coworkers. by these two individuals- will take us under the name of their religion, the countries as financial aid. 2016. feen prayed 5 times a day fasted regu- Nicholas’s wife wrote in a post on her towards their motivation.” In his com- picture became clear that these acts Analysts say that this decision Analysts at the Japanese bank, larly and was relatively religious as she social network accounts -mourning her ments about the San Bernardino mass represent nothing of the teachings Nomura foresaw that the yuan will refused to drive according to her own husband’s death- “I’m sure that he went shooting, republican candidate Donald Islam provides. Muslim communities is much of a symbolic act, proving will, but there were never signs of ex- down fighting and protecting people”. Trump has said, “I want surveillance of in Europe and the United States are that China, transformed from pov- be one of the top three major inter- tremism showing on neither her atti- His son said in an interview with CNN, certain mosques... If that’s okay”, and citizens that have their rights, it is not erty to a great economic power, is national currencies – a peer to the tude nor her husband’s.” “He will be missed everywhere I go...” “Muslims should be banned from enter- proper to discriminate against people now one of the world’s leaders on US dollar and the euro – by 2030. From its side, ISIS had announced FBI Assistant Director David ing the United States.” according to their religion, this is one the trade map. They estimate the yuan will make -earlier this week- it has not planned Bowdich -in his brief to the press- as- Security experts in the United King- of the first lessons the inclusive religion up 10 per cent of the IMF’s SDR the attack, yet the executers were “ISIS sured that authorities announced the dom have announced London was to of Islam teaches -we are all children of China’s efforts: basket, according to The Guardian. supporters”. Sleeping Cells are old terrible attack to be an “act of ter- be ISIS next target, as high alert secu- Adam and Eve. The challenge will re- China has been clinging to this po- China, the second largest econo- school Al-Qaeda strategies -relying on rorism”, and that inquiries revealed rity measures and strict travel regula- main in the international community’s sition since last year, conducting my, is now being watched for fur- recruits that do not need communica- evidence of “extensive planning”. Bod- tions have-effect across the kingdom. will to stand united in their fight against notable economic reforms, which nishing new plans to prove its merit tion to activate terror attacks, it’s a well- wich said: “You know the ammunition Britain has a large Muslim population, religious extremism. were rewarded by the IMF after of the IMF confidence. 2°Celsius NASA Speak up to COP21

In a documentary produced by the countries believe there are many im- that social behaviors have been pro- US space program administration pacts of climate change that they can gressed to be conscious of the re- NASA, a clear message was sent adapt to, they have been seeking a sponsibility our race carries to watch to attendees of the Paris Climate mechanism that would compensate over Earth and avoid possible jeop- Summit-known as COP21. Astro- them for those events that they can- ardy. Most Danish cycle their way nauts and space scientists urged the not cope with. They argue that in the around town -including governmen- Clear energy funds worth billions world to watch over our planet earth, future, the human influence on the cli- tal officials and PMs- Copenhagen›s and deeply cautioned the disastrous mate is likely to lead to more extreme road structures are designed to com- Government officials and businessmen have countries to develop and grow their economies, impact a 2° Celsius warm-up would storms and rising sea levels. As such, fort cyclers as much as car drivers raised billions of dollars to support the rise of the vital key is to put huge efforts in the Research have on human civilization. the developed nations bear a respon- -if not more than- most of its citizens green energy technologies to resist global warm- and Development (R&D)- which will consecutively Leaving the dazzling query -Mother sibility for the losses and damages are highly aware of global warming ing. Billionaires like Facebook’s Mark Zuckerberg, lead to a cut in green energy sources costs. Earth has lived for billions of years, that might be caused.” and its drastic effects. Enough would Microsoft’s Bill Gates and Businessman George The Break Through Energy Coalition (BEC) was survived drastic upheavals and is During the conferences meetings, be said when the fact that 100 per- Soros have dedicated huge chunks of their fortune set by Gates and others to solve energy issues, he prepared to evolve after environmen- PM David Cameron announced in his cent of Copenhagen›s waste is used to promote clean energy and to provide underde- replied to one of the question saying, “The beauty tal catastrophes, the question always take upon the deal COP21 is sched- to generate heat and electricity, is veloped countries with its technological know-how. of the commitment at BEC is that a diverse set of remain if we would be prepared or uled to conclude: “a deal that keeps mentioned... the entire city runs on The global warming challenge always remain in things will be tried. We can try hydrocarbons and not?- behind... the 2° alive, a deal with a binding le- electricity from wind generating and the ability of underdeveloped countries to maintain hydrocarbon sequestration, there is nuclear fusion gal mechanism, a deal that has a 5 other supplementary green sources green energy technologies, as it costs much more and fission. There’s wind energy, but that’s very COP21 Talks year review so that we see what we -like waste and such. than tradition resources, and developed countries high up. Instead of solar energy to make electricity BBC has reported earlier this week are doing, a deal for the poorest and The world needs to look-up to coun- tend to raise the costs of those machineries to we want to look at making gasoline directly, so we that the main concern is presented in most vulnerable countries in terms of tries like Denmark, a real model profit from selling them back in underdeveloped don’t have the storage problem. So I would say we the «Loss and Damage» underdevel- finance, a deal so that we can meas- to abide by, it is not just achieved countries. have about 15 different paths, so we should back oped countries struggle with -which ure and verify what happens a deal through governmental regulations, The passionate billionaires attempt to afford all of them between the various countries.» are impacts of climatic distortions that with the agreement that we make and it has to be planted in the minds of poor countries with green energy apparatus to Mark Zuckerberg on the other hand, had put 99 leave-over lots of harmful waste be- a deal that transfers technology from citizens throughout their educational avoid the mounting rise of the atmosphere’s per cent of shares to promote clean energy tech- hind- claiming that it is the developed the richest countries to the poorest.” stages. People must change their temperature. Bill Gates in his interview with The nologies, a brilliant move by the young billionaire nations› responsibility to support attitudes towards issues like waste Hindu, while asked about the ‘climate justice’, to prevent global warming, support underdevel- them with technological know-how In Action disposal, recycling, carbon emis- commented that he does not know the definition oped countries and save the world. The Face- of recycling and dispensing: «Loss Denmark has been already apply- sions, water pollution and many oth- of such term, claiming that the cost of clean en- book CEO announced to donate around $1bn an- and damage is the idea that compen- ing green policies to reduce carbon ers; manners that if changed, could ergy is too high for underdeveloped countries and nually for charitable causes, in his statement on sation should be paid to vulnerable emissions, the country puts the year maintain security for the human race these must be feasible approaches to empower social network celebrating his daughter›s birth he states for climate-related events that 2050 as its carbon emissions com- and future generations, as it will also such weak economies with such technology. He said that he would outline his goals to focus pre- they cannot adapt to.” They went fur- plete cut-off date. If we look into lead a healthy and green environ- also added that the COP21’s decisions to cut car- cisely on “advancing human potential and promot- ther stating that “While the vulnerable Danish communities, we›ll discover ment for generation to come. bon emissions do not make it any easier for those ing equality.”

Yet... Some critics believe COP21 came-up with inefficient decisions, it in countries like China and India- which clears out ‘the problem has not are consumed for industrial cycles to keep its pace. Relevantly, green had settled on reducing carbon emissions from Europe, but the quandary yet been solved’. The cost of green energy resources might be expensive energy technologies are more pricey to maintain, but they simply produce remains, carbon emission wouldn’t be entirely cut-off as European coun- meantime, but when we put into consideration its effect on the long run... limitless amounts of energy once employed. With a further look into the tries plan to trade it in. Carbon emissions will be cut from Europe, yet in it is more logical and sufficient than other traditional resources. Gas or future, we’ll find that renewable resources appears to be the answer for all return, it would be sold and used back in eastern parts of the world - back oil is bought from oil-producing countries -with relatively high prices- and our worries -whether Egypt in particular, or the world as a whole.

U.S. payroll reductions fell from 39 per cent Yet, this will not put the U.S .economy at last month, November, to 30.9 per cent in De- risk. In fact, the Challenger report mentioned US: cember. Reports have concluded 2015 to be the American economy remains “fairly strong”. “the worst year” in cutting jobs since the 2008 The report came one day before the Labor global economic crisis’ aftermath. Department’s monthly employment data- for The global outplacement firm Challenger, November- which had declared the creation Gray & Christmas Inc. announced that total of more than 195 thousand public sector jobs This year job cuts have reached their 6-year high in while the private sector offered 271 thousand 2015 in its report on employment status. In his opportunities in November. statements to CNBC, the firm›s CEO, John U.S. Federal Reserve concerns are mostly Challenger, claimed “The November decline driven towards the employment situation, could be the quiet before a December storm raising questions like whether it should raise marks worst or it could signal a lower-than-expected down- interest rates or not? If authorities decide to sizing to close out the year,” he said. “If recent raise interest rates, it would be the first time in history is any indication, it could be the latter, 9 years. Federal Chair, Janet Yellen, said -last as December job cuts have been lower than week- the Central Bank’s decision regarding in job cuts the annual average since the end of the re- interest rates could yet be influenced by data cession.” received before its next week meeting. www.meobserver.org 9 December 2015 6 Business opportunities The Middle East Observer does not have any responsibility for any mistakes, errors or changes in the tenders’ information. Such errors are the reponsibility of the companies that publish these tenders.

Egypt agement, PO Box 12, Manama based (Askarel/Sibanol) transformers Tender no.: 114-C84 Mining consultancy Phone: (973) 17285572/ 17285592/ Hardware and operating system main- and 609 PCB capacitors, with a total To The Middle East Cost of tender documents: SR9,000 Description: Provision of consultancy 17285908/ 12285199 tenance estimated weight of 49 tonnes ; and 2) up Observer's Readers Client: Royal Commission for Jubail & services comprising the review of regula- Fax: (973) 17270979 Description: Provision of maintenance to 10 tonnes of PCB contaminated soil If you are interested in Yanbu tory and institutional frameworks and services for hardware, operating systems and debris from PCB leakages at storage obtaining any of the Address: Supply Management Depart- sites. The delivery period is expected to donor initiatives in the mining sector for Floor sheeting and back-up tape systems, including announced tender ment, Directorate-General for Royal be 18-24 months the African Natural Resource Centre – Description: Replacement of floor sheet- local support documents please send us Commission in Jubail, Director, Contracts private sector and investment climate Closing date: 16 December 2015 Closing date: 4 January 2016 ing at various health centres your order along with a letter Section, PO Box 10001, Madinat al- expertise. The services included are Bid bond: 5 per cent of tender price Bid bond: $3,000 Jubail al-Sinaiyah 31961 Closing date: 30 December 2015 authorizing The Middle East to analyse the status quo in the mining Bid bond: BD1,000 Tender no.: 65/2015 Finance: World Bank Phone: (9663) 3414127/63 sector in Egypt; assessing its investment Observer to attain the tender Tender no.: MOH-122/2015 Cost of tender documents: JD25 Tender no.: LB/PCB/PW002 (no. Fax: (9663) 3412201 framework and the investment climate documents on your behalf, Cost of tender documents: BD25 Client: National Electric Power Company P122540) in the sector. In particular, the consultant (Nepco) Client: Environment Ministry and pay upon receiving Building management systems will take stock of existing information on Client: Health Ministry Address: PO Box 2310, Amman 11181 Address: Service of Environmental documents required with the Description: Provision of centralised the mining sector in Egypt, documenting Address: Directorate of Materials Man- Technology, PCB Management in the amount of your invoice. building management systems for Royal available information on mineral endow- agement, PO Box 12, Manama Phone: (9626) 5858615 Power Sector Project, Lama Mghames, Email: Subscription@ Commission buildings. The scope of ment and mineral reserves and providing Phone: (973) 17285572/ 17285592/ Fax: (9626) 5818336 Project Manager, Office-7-43A, Seventh meobserver.net works comprises reading, monitoring an overview of production and explora- 17285908/ 12285199 Email: [email protected] Floor, Lazarieh Centre, Block 3, PO Box and controlling all available equipment, tion activity and ongoing and planned Fax: (973) 17270979 Website: http://www.nepco.com.jo Attn: Tenders Department 11-2727, Beirut systems and facilities under the scope mining projects. He/she will review the Website: http://www.moh.gov.bh ••• Phone: (9611) 976555 ext.479/483 of the Buildings Department. The project إلى قراء جريدة ذى ميدل إيست اوبزرفر institutional and legislative framework of Kuwait will cover the following: existing building the mining sector in order to benchmark Iran Fax: (9611) 976555 ext.483 management systems (BMS), HVAC إذا كنتم ترغبون فى الحصول على Mud products and mud engineering it to international good practice, focussing Email: [email protected] ,equipment/systems, fire alarm systems كراسات شروط المناقصات المنشوره Wastewater consultancy services in particular the regulation of foreign Website: http://www.moe.gov.lb Description: Provision of consultancy Description: Provision of mud products lighting, LV main power supply, eleva- فى هذه الصفحه المرجو ارسال تفويض -investment and determining its com services comprising a sector study for an and mud engineering services – Cat- tors, security system alarms, potable معتمد لجريدة ذى ميدل إيست اوبزرفر petitiveness in attracting private sector Sea outfall institutional assessment and develop- egory A (deep rilling) and Category B water supply, sound systems and energy فى الحصول على كراسة الشروط -investment; and will map private sector Description: Construction of an emer ment plan for a rural areas wastewater (development drilling) consumption. The scope includes system activities in the mining sector. The assign- gency sea outfall in Kesrouane design, supply, installation, testing and باسم سيادتكم والسداد بعد استالم project. The scope of works comprises Closing date: 31 January 2016 ment is expected to last a total of eight /commissioning of all required systems كراسة الشروط والفاتورة المرفقة the following: 1) a baseline sector as- Tender no.: Prequalification (no. Closing date: 21 December 2015 weeks, to be worked a period of around sessment; 2) national framework for PQ15/11) Cost of tender documents: $1,000 sub-systems with all required materials four months. The consultant will work Email: Subscription@ wastewater management; and 3) best Cost of tender documents: KD100 Miscellaneous: Bidders must meet the and associated accessories, hardware from his/her home base, with around practices and implementation strategies. or $350 – to account no. 1001058663, following minimum qualifying criteria in meobserver.net and software. The systems will have log- three weeks in Egypt cumulative. Travel ging (recording) capabilities. The scope عناية إدارة المناقصات Closing date: 26 December 2015 National Bank of Kuwait, Ahmadi branch, order to be qualified for award of the to Abidjan, headquarters of the African Finance: Islamic Development Bank Swift code NBOKKWKW, Iban no. contract: 1) average annual turnover will also cover training and one year’s Development Bank, is also possible. Tender no.: Expressions of interest KW77NBOK-0000000000001001058663 in construction work of not less than technical support Closing date: 5 January 2016 Client: National Water & Wastewater Miscellaneous: Tender documents are $7m over the past five years; 2) general freely convertible currency; • for lot 9: Closing date: 14 December 2015 Finance: African Development Bank Engineering Company available for download from 20 Decem- experience of a minimum of 10 years in Five million five hundred thousand MAD Tender no.: 114-C84 Cost of tender documents: Expressions the construction of sea outfalls or marine Address: Mrs. Ramezani, Bureau for ber (5,500,000.00 MAD) or an equivalent Cost of tender documents: SR9,000 of interest pipelines; 3) particular experience within Procurement of Funds & Development Client: Kuwait Oil Company amount in a freely convertible currency. Client: Royal Commission for Jubail & Client: African Development Bank the past 10 years as a prime contrac- of Non-Governmental Participation, No. Address: Building no. 1, Industrial Area, These same documents can be down- Yanbu Address: Jean-Paull II Avenue 01, Abid- tor who has successfully completed at 6 Shahid Abdollahzadeh, Keshavarz PO Box 9758, Ahmadi 61008 loaded from the website of the onee-Wa- Address: Supply Management Depart- jan BP 1397, Ivory Coast Boulevard, Tehran Phone: (965) 23989111 least two similar projects (construction of ter Branch at: http://achats-eau.onee.ma, sea outfalls or marine pipeline) with the ment, Directorate-General for Royal Email: [email protected] , p.toigo@ Phone: (9821) 89602919 Fax: (965) 23983661 and public procurement portal at: https: // following characteristics: HDPE pipes, Commission in Jubail, Director, Contracts afdb.org Fax: (9821) 88990190 Email: [email protected] www.marchespublics.gov.ma Section, PO Box 10001, Madinat al- Website: http://www.afdb.org diameter 500mm minimum, length 400 Client: Office National de l’Electricité et Email: [email protected] mm minimum each; 4) bank certificate for Jubail al-Sinaiyah 31961 Cementing services de l’Eau Potable – Branche Eau (ONEE- Phone: (9663) 3414127/63 access to liquid assets and/or evidence Branche Eau) Subsurface networks Water supply and sanitation consultancy Description: Provision of cementing Fax: (9663) 3412201 of access to or availability of credit facili- Address: Direction des Approvisionne- Description: Construction of a subsur- Description: Provision of consultancy and associated services – Category A ties of not less than $1.4m or equivalent ments et Marchés, Division Achats face network at the Khaled Ibn el-Walid services comprising training and capacity (unconventional services) and Category sufficient to meet the construction cash Audio visual equipment first zone over 2,200 feddans, and Projets Eau Potable, Bâtiment G, Station building for the national water supply and B (conventional services) flow for the above contract for a period Description: Supply and installation of rehabilitation of the Pico Farm network de traitement Avenue Mohammed Bel- wastewater project. The capacity building Closing date: 31 January 2016 of four months; 5) submission of firms audio visual materials and equipment at serving 220 feddans at the El-Hamami hassan El Ouazzani, Rabat - Maroc programme comprises the following types Tender no.: Prequalification (no. as a joint venture is allowed (maximum an emergency building and private ward zone Phone: (+212) 0 5 37 66 72 56 of activities: 1) training courses with inter- PQ15/12) number of partners is two) at the King Faisal Specialised Hospital & Closing date: 28 December 2015 Fax: (+212) 0 5 37 66 72 22 national and local instructors at appropri- Cost of tender documents: KD100 Client: Council for Development & Research Centre in Riyadh Bid bond: LE100,000 ate training institutes in the sector in Iran; or $350 – to account no. 1001058663, Reconstruction Oman Closing date: 15 December 2015 Finance: Islamic Development Bank 2) workshops in Iran on different topics National Bank of Kuwait, Ahmadi branch, Address: Legal Affairs Division, Tenders Surgical items Tender no.: 87/36 Cost of tender documents: LE1,000 related to the sector using international Swift code NBOKKWKW, Iban no. Department, Tallet el-Serail, PO Box Cost of tender documents: SR1,000 instructors; 3) study tours outside Iran to Description: Supply of surgical items for Miscellaneous: A pre-bid meeting will be KW77NBOK-0000000000001001058663 11/3170, Beirut Central District Client: King Faisal Specialised Hospital allow Iranian decisions makers and sec- a cathlab at the Royal Hospital held on 18 December Miscellaneous: Tender documents are Phone: (9611) 981431/2 & Research Centre tor professionals to acquaint themselves Closing date: 14 December 2015 Client: General Department for Drainage available for download from 20 Decem- Fax: (9611) 9812523 Address: MBC-16, PO Box 3354, Riyadh Projects in West Delta with best practice in areas of planning, ber Tender no.: 51/2015 implementation, technologies, opera- Email: [email protected] 11211 Address: Damanhour Client: Kuwait Oil Company Phone: (9661) 4647272 tions in the water supply and wastewater Waste operations (M1) Phone: (054) 348524 Address: Building no. 1, Industrial Area, Pollution prevention project Fax: (9661) 4427791 sector; 4) translate and print four books in PO Box 9758, Ahmadi 61008 Description: Provision of waste op- the field of water and wastewater; and 5) Description: Provision of project man- Email: [email protected] Phone: (965) 23989111 erations for Muttrah, Muscat, Al-Amrat, Buildings construction prepare/translate two standard criteria re- agement services for a project manage- Description: Construction of five build- Fax: (965) 23983661 Qurayyat and Bausher, Muscat gover- ports in the field of water and wastewater. ment unit to assist in the implementation norate Information centre works ings each comprising a basement, a Email: [email protected] of the Lake Qaraoun pollution prevention Closing date: 22 December 2015 Closing date: 30 January 2016 Description: Carrying out developmental ground floor, and five other floors semi- project Finance: Islamic Development Bank Tender no.: T/16/2015 works for an information centre, stage 1, finished at a residential complex in the Laser equipment Closing date: 22 December 2015 Tender no.: Expressions of interest Cost of tender documents: RO3,000 in Riyadh El-Kawamel area in New Sohag City over Description: Supply, installation and Finance: World Bank a three-feddan area Miscellaneous: Open to Islamic Devel- – account no. 3128-666666-500, Oman Closing date: 16 December 2015 opment Bank member countries operation of laser equipment for derma- Tender no.: Expressions of interest Tender no.: 76467 Closing date: 16 December 2015 tology clinics Arab Bank, Al-Ghubra branch Client: National Water & Wastewater Client: Council for Development & Cost of tender documents: SR5,000 Bid bond: LE200,000 Closing date: 14 December 2015 Miscellaneous: Clarifications must be Engineering Company Reconstruction received by 7 January Miscellaneous: The closing date has Performance bond: 5 per cent of con- Tender no.: 34-2015/2016 Address: Mrs. Ramezani, Bureau for Address: Tallet el-Serail, PO Box Client: Oman Environmental Services been extended tract price Cost of tender documents: KD75 Procurement of Funds & Development 11/3170, Beirut Central District Holding Company (Be’ah) Client: Saudi Ports Authority Cost of tender documents: £E1,000 Miscellaneous: A pre-bid meeting will be of Non-Governmental Participation, No. Phone: (9611) 981431/2 Address: PO Box 1188, Al-Azaiba 130, Address: Al-Dabab Street, PO Box Client: Housing Cooperative Society for held on 9 December 6 Shahid Abdollahzadeh, Keshavarz Fax: (9611) 981255 Muscat 5162, Riyadh 11422 Members of Al-Tatbikeyyen Syndicate Client: National Guard Headquarters Boulevard, Tehran Email: [email protected] Phone: (968) 24228401 Phone: (9661) 4050005 Address: Sohag Address: Preparation & Contracts Phone: (9821) 89602919 Website: http://www.cdr.gov.lb Fax: (968) 24228301 Fax: (9661) 4053508 Phone: mobile: (0100) 6236563/ Fax: (9821) 88990190 Department, Tenders & Contracts Unit, (0122) 1177264 Riqqe Email: [email protected] Email: [email protected] IT services Building management system Description: Provision of IT services Description: Provision of a centralised High-efficiency servers Iraq Advertisement production Waste operations (M2) including servers, storage, network, building management system for Royal Description: Supply, erection, commis- Description: Provision of waste op- Degassing station upgrade (1) Description: Production of television and security and public school connectivity as Commission buildings. The scope of sioning and guarantee of high-efficiency radio advertisements erations for Seeb and Bausher, Muscat Description: Upgrade of a degassing part of a second education development governorate works comprises the reading, monitoring servers to implement parallel treatment Closing date: 15 December 2015 project (EDPII). The project comprises station on an engineering, procurement, Closing date: 30 January 2016 and controlling of all available equipment, operations for a library Tender no.: ZH 56/2015 five lots: 1) provision, installation and up- construction and commissioning basis Tender no.: T/17/2015 systems and facilities under the scope Closing date: 17 December 2015 (pack 1) Cost of tender documents: KD75 grade of servers; 2) provision and instal- of the Buildings Department. The project Cost of tender documents: RO3,000 Bid bond: LE300,000 Client: Zakat House lation of servers and power; 3) provision will cover existing building management Closing date: 17 December 2015 – account no. 3128-666666-500, Oman Cost of tender documents: LE5,000 Portal site maintenance and installation of storage; 4) provision systems, HVAC equipment/systems, fire Tender no.: CMIT-PRT-10.30-150185 Arab Bank, Al-Ghubra branch Client: Alexandria Library Authority 4 DECEMBER, 2015 BY JANE BISHOP and installation of network and security; alarm systems, lighting, low-voltage main Cost of tender documents: $100 Miscellaneous: Clarifications must be Address: 116 El-Horreyya Avenue, El- Client: China National Offshore Oil Cor- and 5) provision and installation of public power supply, elevators, security system Shallalat, Alexandria schools’ connectivity. received by 7 January alarms, potable water supply, sound poration (CNOOC) Maintenance of portal sites Client: Oman Environmental Services Phone: (203) 4839999 Email: [email protected], duanbk@ Description: Maintenance of portal sites Closing date: 18 December 2015 systems and energy consumption. The Fax: (203) 4820453 Bid bond: $3,000, $2,000, $5,000, Holding Company (Be’ah) scope includes system design, supply, cnoociraq.com, AhmedSalihOboud@ Closing date: 15 December 2015 Address: PO Box 1188, Al-Azaiba 130, cmitfod.com $30,000 and $10,000 installation, testing and commissioning Tender no.: ZH 6059/2015 Muscat of all required systems/sub-systems with Metro ticketing machines Website: http://www.cnoociraq.com Finance: World Bank Cost of tender documents: KD75 Phone: (968) 24228401 all required materials and associated Description: Maintenance and raising Client: Zakat House Tender no.: PG007-3-3.2. Project no. the efficiency of ticketing machines P118187 Fax: (968) 24228301 accessories, hardware and software. The Degassing station upgrade (2) Address: Financial Affairs Department, Email: [email protected] systems will have logging (recording) including related parts to serve the Cairo Description: Upgrade of a degassing Second Floor, Al-Shuhadaa, South Surra Client: Education & Higher Education Metro’s first and second lines Ministry capabilities. The project also includes station on an engineering, procurement, Saudi Arabia training and one year of technical support Closing date: 12 December 2015 Lebanon Address: Education Sector Development construction and commissioning basis Closing date: 14 December 2015 Bid bond: LE1.44m Secretariat, Eleventh Floor, Habib Abi Road and hardscaping works (pack 2) Water supply and wastewater project Tender no.: 114-C84 Cost of tender documents: LE2,000 Closing date: 17 December 2015 Chahla Place, Unesco Palace Area, PO Description: Carrying out road and Description: Carrying out lot 1 of a Box 14-5516, Beirut hardscaping works for a Royal Commis- Cost of tender documents: SR9,000 Miscellaneous: The closing date has Tender no.: CMIT-PRT-10.30-150186 water supply and wastewater project in been extended Phone: (9611) 772668 sion headquarters building. The period of Client: Royal Commission for Jubail & Cost of tender documents: $100 Sahel Akkar in the north of the country. performance will be 180 days Yanbu Client: Egyptian Company for the Metro Client: China National Offshore Oil Cor- The project comprises the construction Management & Operation Morocco Closing date: 4 January 2016 Address: Supply Management Depart- poration (CNOOC) of potable water networks, drilling of two ment, Director, Contracts Section, PO Address: Ramses Square, Cairo Water treatment pipelines Tender no.: 6524 Email: [email protected], duanbk@ wells, construction of two pumping sta- Box 10001, Madinat al-Jubail al-Sinaiyah Description: Supply of water tratment Cost of tender documents: SR1,000 Phone: (202) 22670932/ 3 cnoociraq.com, AhmedSalihOboud@ tions, four regional water reservoirs and 31961 pipelines as part of a water supply and Miscellaneous: A pre-bid meeting will be Fax: (202) 25742950 cmitfod.com three ground reservoirs, and five water Phone: (9663) 3414127/63 tank towers. Lot 1 includes the construc- sanitation project in Marrakech, lots 8 held on 10 December Bahrain Client: Royal Commission for Jubail & Fax: (9663) 3412201 OHTL power management systems tion of potable water networks with an and 9 Yanbu Optical multiplexers Description: Installation of 10 reclos- approximate length of 180 kilometres of Closing date: 16 December 2015 Syria Address: Directorate-General for Royal Description: Design and supply of opti- ers and power management systems transmission and distribution pipework of Bid bond: MD4.8m and MD5.5m respec- Commission in Yanbu, Purchasing & Generators, distribution transformers, cal multiplexers for Bahrain International for existing 33kV overhead transmission various diameters ranging from 25 milli- tively Contracting Department, PO Box 30031, panels and cables Airport’s fibre optic infrastructure lines (OHTL) metres up to 500 mm. The project also in- Finance: African Development Bank Madinat al-Yanbu al-Sinaiyah Description: Provision of electrical Closing date: 30 December 2015 Closing date: 13 December 2015 cludes drilling of two wells with necessary Tender no.: 68/DAM/ET/2015 equipment and testing in Darine town, Phone: (212) 537667256 Phone: (9664) 3210222 generators, distribution transformers, Bid bond: BD500 Tender no.: CMIT-PRT-10.30-150235 electrical panels and cables as part of a construction of two pumping stations, one Fax: (212) 537667222 Fax: (9664) 3216092 Tender no.: BAC/159/2015 Cost of tender documents: $100 in Darine town and another in Halba city, project to rehabilitate and restore potable Cost of tender documents: BD15 Client: China National Offshore Oil Cor- construction of four regional water reser- Building management systems water supply networks. The equipment Client: Bahrain Airport Company poration (CNOOC) Water supplies voirs in the Ghzaile area of 2,000 cubic Description: Provision of centralised is to be used in Syria, but delivered DAP Email: AhmedSalihOboud@cmitfod. Description: Provision of water supplies Address: PO Box 24924, Manama metres each, three ground reservoirs of building management systems for Royal Syrian/Turkish border point com, [email protected], in the rural areas of Demnate and Azilal, Phone: (973) 17353333 1,000cm each, and five water tank towers Commission buildings. The scope of Closing date: 4 January 2016 Fax: (973) 17331410 [email protected] of 50 to 300cm capacity. In addition, the second part, lot no. 2.1 Finance: Syria Recovery Trust Fund Closing date: 12 January 2016 works comprises reading, monitoring Email: [email protected] project includes construction of wastewa- and controlling all available equipment, Tender no.: BID-090-GOO-ICB/15 Jordan Bid bond: MD180,000 Website: http://www.bac.bh ter networks with a length of about 67km systems and facilities under the scope Client: Implementing Entity (SRTF Flags of pipework of various diameters up to Finance: European Bank for Reconstruc- of the Buildings Department. The project Yönetim Hizmetleri) tion & Development Painting and lighting works Supply of flags 1000mm, and the supply and installation will cover the following: existing building Address: Budak Mah.Gazi Muhtar Pasa Tender no.: 72 DR3/2015 (8055-IFT- Description: Carrying out internal and Description: Supply of flags of all required materials and equipment. management systems (BMS), HVAC Blv. 10031 Sk. YASEM Is Mrk. No 42/804 43597). Project no. 43597 external painting works and replacement Closing date: 16 December 2015 The estimated duration for the project equipment/systems, fire alarm systems, – Sehitkamil/Gaziantep, Turkey of ceilings and lighting at various health Bid bond: JD325 construction is 30 months. Cost of tender documents: lighting, LV main power supply, eleva- Phone: (90342) 2903692 centres Tender no.: 68/2015 Closing date: 17 December 2015 Miscellaneous: A site visit will take place tors, security system alarms, potable Fax: (90342) 5011659 Closing date: 30 December 2015 Cost of tender documents: JD10 Finance: Islamic Development Bank on 17 December water supply, sound systems and energy Email: [email protected] Bid bond: BD2,500 Client: National Electric Power Company Tender no.: Prequalification Client: Office National de l’Electricite et consumption. The scope includes system Tender no.: MOH-125/2015 (Nepco) Cost of tender documents: $1,000 de l’Eau Potable design, supply, installation, testing and UAE Address: Branche Eau, Direction Re- commissioning of all required systems/ Cost of tender documents: BD50 Address: PO Box 2310, Amman 11181 Client: Council for Development & Re- Website: http://www.srtfund.org construction (CDR) gionale du Centre, Boulevard Mohamed sub-systems with all required materials Client: Health Ministry Phone: (9626) 5858615 Enterprise archiving solutions Address: CDR President, Legal Affairs VI, Quartier Administratif, CP 25000, and associated accessories, hardware Address: Directorate of Materials Man- Fax: (9626) 5818336 Description: Provision of enterprise Division, Tenders Department, Tallet Khouribga and software. The systems will have log- agement, PO Box 12, Manama Email: [email protected] archiving solutions el-Serail, PO Box 11/3170, Beirut Central Phone: (212) 523498907/ 673081563/ ging (recording) capabilities. The scope Website: http://www.nepco.com.jo Phone: (973) 17285572/ 17285592/ District 673081564 will also cover training and one year’s Closing date: 31 December 2015 17285908/ 12285199 Phone: (9611) 980096 Fax: (212) 523498910 technical support Bid bond: 5 per cent of tender price Fax: (973) 17270979 Furniture Fax: (9611) 981252/ 981253/ 981255 Water supply Closing date: 14 December 2015 Tender no.: 2131500073 Website: http://www.moh.gov.bh Description: Supply of furniture Email: [email protected] Description: Water Supply project in the Cost of tender documents: AED500 Closing date: 16 December 2015 Marrakech region Client: Dubai Electricity & Water Author- Cabinets and counters Bid bond: JD680 ity PCB equipment and waste disposal Closing date: 16 December 2015 Description: Supply of counters and Tender no.: 67/2015 For more Address: Office of the Contracts Man- Description: Disposal of PCB equipment Tender no.: AfDB751-10/15 cabinets for various health centres ager, Zabeel East, PO Box 564, Dubai Cost of tender documents: JD10 and waste as part of a PCB manage- Cost of tender documents: Closing date: 30 December 2015 Client: National Electric Power Company ment project in the power sector. The Miscellaneous: Must be accompanied tenders Phone: (9714) 3244444 Bid bond: BD1,000 (Nepco) project aims at the sustainable disposal by bank guarantees bid in the amount Fax: (9714) 3248111 Tender no.: MOH-123/2015 Address: PO Box 2310, Amman 11181 of all high content out-of-service PCB of: • for lot 8: please visit our website Cost of tender documents: BD25 Phone: (9626) 5858615 equipment owned by Electricite du Liban Four billion and eighty million one Client: Health Ministry Fax: (9626) 5818336 (EDL). The specific objective includes the hundred thousand MAD (4,800,000.00 www.meobserver.org Tenders from the correspondents Address: Directorate of Materials Man- Email: [email protected] disposal of the following: 1) 12 PCB- MAD) or an equivalent amount in a in the Middle East www.meobserver.org Snapshots 7 9 December 2015 FB inaugurates Samsung to pay $ 548m live streaming for breaching service apple’s patent

Facebook is making its live video streaming available soon to all its users, the company announced last Thurs- Samsung has finally agreed to pay apple $ 548m over day. The US social network has been trialing the new a technology patent dispute. service since the beginning of this year. The arrangements were sent in files to a California The live video sharing service was released to a small court last Thursday. percentage of people, including celebrities and high pro- The dispute started in 2011 after apple claimed that file people on their iPhones. Samsung was making use of its patented technolo- “Live lets you bring your friends and family right next gies. to you to experience what’s happening together”, Face- Samsung still owes apple $ 382m for allegations book Product Managers -Vadim Lavrusik and Thai Tran- that it copied Apple’s packaging materials also. wrote in a blog post. A US court will decide in 2016 on a second payment Then, if you want to share a real time moment with that Samsung should comply to. your friends, just click on the video streaming icon in the Although having agreed to pay the first part of the update status. You will be able to know how many people payment ($ 548m), Samsung has announced that it are viewing your video on air, as well as their names. You will get its money back if apple’s allegations were in- can also adjust the privacy of your video, whether it is valid. On the other hand, apple has denounced what public or limited to your friends. is said, saying that Samsung has not the right to do The face book has launched this feature after the The US patent and trade mark office (USPTO) is booming Twitter’s Meerkat and Periscope live video streaming applications we viral earlier this year. now reviewing some of the patents addressed by ap- ple in the court.

Due to his ‘tight schedule’... The British sun newspaper Mauritanian president ends This is how you make it questions Ronaldo’s game before time abnormality The Hwaidak path of achievements The British sun newspa- On an unprecedented occa- per published a report on sion in the world of football, the Hwaidak is one of the names that son and daughter -the third genera- Friday about the intimate Mauritanian president, Moham- relationship between the ed Ould Abdel Aziz, rushed the has been glowing within the Egyp- By Amira Elhamy tion- continue what Samy Hwaidak tian tourism industry since the 80s. started, though several companies Portuguese player Cris- Super Cup Final -between tiano Ronaldo and the Mo- the ACS Ksar and Tevragh- The story actually started in 1987 offered to buy the project with very when businessman Saad Hwaidak dustry. In the 90s, the second gen- roccan boxer Badr Harry. Zeina teams- to end 25 minutes attractive prices. decided to build one of the very eration established their second big They proceeded with construc- The British newspaper before its scheduled time, which first resorts on Red Sea shores. He resort, Alaa El Din Beach Resort, tions, including the design of the questioned the weekly vis- led to penalty shootouts chose Hurghada as the main spot to through which they were able to at- main building, as well as beverages its of Ronaldo to Morocco between them resulting in the establish his business and was actu- tract tourists from different nation- and food outlets. They were able to lately for spending a vaca- victory of Tevragh-Zeina team. ally one of the pioneers who estab- alities, French, Italian, British and finalize this big scale project within a tion with his friend. It also claimed that their relation- The president said that he was busy lished a business related to tourism German. The resort offers full enter- few years and now the resort is fully ship is not to be considered a normal friendship. and had bigger responsibilities than watch- round that area. With limited finan- tainment services and has around operating and is considered a main The newspaper made an attachment between ing a game, his odd decision went viral on cial assets, he was able to gradually 450 rooms. Their business expand- attraction for tourists from different the notable decline in Ronaldo’s playing level with social network. Many users criticized the establish the first resort, Jasmine Vil- ed more and more; the millennium nationalities. witnessed the opening of their third the royal club, and his recurring visits to his friend. situation, describing it as a very unique lage. It was a 3 stars resort, which “Persistence and determination It is noteworthy that Harry has published a photo one that has never happened before. had around 60 rooms. Hospitality beach resort, Ali Baba Palace, which are the key to our success”, stated has almost 680 rooms. showing him carrying his eminent friend on his On the other hand, the Mauritanian Football and refined services were the main Nanice Samy Hwaidak, the Manag- Instagram account with a caption “we are married Union tried to justify the president’s deci- concepts he embraced at his work, In 2003, Samy Hwaidak decided er Director of Jasmine Palace. to establish a resort that holds the now; I am always here for carrying you my friend”. sion by claiming “it was not intended”, add- but unfortunately he was not able Indeed Hwaidak Group, was to finalize his project as he passed same name of the resort his father able to maintain a great advanced ing that the president’s time was occupied. had established. He started to build Meantime, the chief of Mauritanian Foot- away before accomplishing it. The standard within the tourism industry second generation, his five sons and foundations for the Jasmine Pal- for almost 20 years. It is worth to ball Union, Ahmed Yehia, noted that the ace Resort, which is located on the game could not be counted as an official one; daughters, were able to successfully mention that Mohamady Huwaidak develop the business after he left. beautiful coast of the Red Sea. He adding that Mauritanian derby has become Square and Saad Huwaidak Street They expanded the resort to make was able to construct 680 rooms and in Hurghada are named in memory a custom that started in 2011, in commemo- capable to receive more guests; the suites, but unfortunately he was not of the pioneers of this success story. ration to the country’s independence. resort now has around 500 rooms. able to continue the project, as he also passed away. Yet, Determina- Wait for more success stories in By Alaa Abd Elwanees Hwaidak Group, chose to amplify their business within the tourism in- tion to success was what made his the coming issues… Latest travel luxuries

Hotel De Crillion- Paris Ritz-Carlton, Miami Beach Edition- Alila Seminyak-Bali Your Royal Highness... Florida, USA Heat up your Holidays! Virtual Reality

The monumental Hotel De Crillion Paris has re-opened its doors to a new No beach beats the ‘hotness’ of Miami’s, and the new Ritz-Carlton Miami The marvelous beachfront resort, Alila Seminyak, is situated on Bali’s fin- era, witnessing centuries of triumphs in its past, the grandeur of the hotel Beach Edition puts you right into the heart of the city’s heat. Merging the flair est beaches, the fittest waves for chilled surfing and the outstanding tropical is reflected in its splendid royal elegance. In De Crillion, you are living the of modern estate designs, freshness of sweet weather and the never ending scenery are accompanied with an extraordinary feel of cheeriness. Exclu- prosperous age of European renaissance, where royalty is served to you! festivity of Miami’s beach and night lives. The hotel is set to offer you an in- sive contemporary designed rooms and suites, along with one thrilling Pent- Sensing the comfort vibes flowing across the place will make you feel like imitable form of luxury resort environment, setting the American dream right house... the hotel is a great location to explore the hotspots of Bali and offers home in the 18th century Royal Palace that you own! within your grasps! everything you dream of in one prefect Balinese experience. www.meobserver.org 9 December 2015 8 MEO Report 2015: A Year of Success By Yasmine Fouda and Rania Imam- It has been ing the economy to rally among successful opments, beside heartening major public and dent Abdel Fattah Al-Sisi achieved remarkable clear how President Abdel El-Fattah Al-Sisi real- emerging markets. Regulations thereby executed private industries, and facilitating procedural developments, ones that are unprecedented in izes the significance of economic development, targeted short and long term solutions where business startups and investments -local and Egyptian economic history - the following report efforts being put are directed mostly for enrich- the average witnesses and benefits from devel- foreign. Throughout his first year in office, Presi- presents a look on the president’s reforms... Countering Terrorism, Reviving Security and Alerting the World of Terrorism Dangers Reclamation Economic The New Zone of 40m Feddan in Suez Suez Canal Canal D The president has launched this map to be executed during the course of the coming 4 An ambitious national project that aims to breathe years, aiming to amplify Egypt’s agriculture fields. new life into Egypt’s critical financial artery, one Boosting that hitches the east and west sides of the world. The New Education The new canal’s output sustained the country’s Gross Domestic Product (GDP) - over the current Knowledge world recession- to become a historical achievement Capital Bank Project E that brings Egypt back to its normal regional position. - During the Sharm EL-Sheikhs World Economic Conference to support Egypt, both Al-Sisi and Sheikh Mohammed Bin Rashed Al-Maktoum Expanding -UAE’s Vice President- announced the new administrative capital in The Golden Egypt. In efforts to double Egypt’s industrialized lands to reach from Governorates 6 per cent currently to 12 per cent in 40 years, as well as absorbing Borders for Triangle the country’s tormenting population growth rates. The New Capi- tal extends above an area of 270 square miles -700 kilometers- Development C to the east of Cairo, that lies between Cairo-Suez, Cairo-Ain el- Egypt’s National Sukhna and east of the regional ring-road, to cover a land area Authority for Remote equivalent to Singapore’s. Developing Sensing (NARS), had prepared the Developing Green Irrigation Golden Triangle to Energy Resources Systems contain areas be- R tween Safaga, Al- - New power plants came as one of the most essential Qoseir and Qena. projects to solve the power shortage setbacks, it was pri- Where giant oritized on the government’s agenda during the World industrial, min- Economic Conference; execution of a new power plant Ras Sedr project is currently implemented by a joint-venture ing, agriculture, Air-port on between Siemens and the Egyptian government. 4 touristic and Memorandums of Understanding(MOE) with a value of 4733 Feddan trade projects $10bn to construct power plant generators, the MEO E in upper Egypt includes building combined cycle power systems in are imple- stations like Bani Sweif with 4.4 gigawatt (gw) capac- ity, besides other places like Nubaria, Sidi Kerir, south mented, and Cairo, Qena, and Kafr el-Dawar with a total capacity of $500m for Gas the govern- 6600 megawatts, in addition to building a national fac- Pipelines ment seems to tory for manufacturing wind tribune components which devote lots of will provide one thousand job opportunities. to Reach Homes E efforts to em- ploy such pro- Universal gress, due to Forming the vital this Commerce City project plays the Central in enlivening - Considered as one of the projects that is to be near Bank's Board the country. the Suez Canal axis, on a space of 4.2mn square meter, S costing EGP 40bn and provides 500 thousand job op- portunities. Your Law to The International Organize Project D Cotton Trade Airport 'Mashru'ak' - An estimated plan to build a huge International - The national project Law to Manage Airport- bigger than Heathrew of London- in of social, human and addition to solar power plants, and around 40 domestic development Business thousand Hotel guest rooms. Estimated costs was set up by Al-Sisi of this project stands at $45bn, according to Companies with objectives to elimi- E Egypt’s Minister of Housing. New talks have nate any been suggesting the construction of local and obstacles in international network of airports to connect ‘the citizens’ financ- whole new world’ Egypt is setting to put up. ing process, through the Raising Developing cooperation of Pension Battering Economic the citizen, the government and the bank. C Indicators Egypt's Villages this came to encourage young entrepreneurs direct them to- Growth rate went up from - The president has initiated program is also con- wards building their dream pro- Khalifa Funds this restructuring campaign for cerned with dealing with 1.25 per cent - during the jects and make use out of their Egypt’s villages to enhance it solid waste and its effects previous financial year- to 5.6 wasted energy. A higher committee for small per cent in this year’s first- with high quality services and on climate disruption, focuses primarily on the areas building road networks has been put together in every governo- Enterprises half. The monetary policies rate to follow-up on all the details regard- aim to achieve a GDP growth where its most needed. Facili- to hook villages up, ser- ties like irrigational, sewage and vices for youth and sports. ing Your Project -basically fixated to raise R Loans to 7 per cent -in the coming 5 years- as well as sustaining a electricity are being upgraded, Other aspects the govern- small and medium industries in sectors of $5 thousand annual individual also the development of medi- ment tends to look after is to agriculture, industry, business and trade. income. The government is in cal, education and labor sec- house Egyptian families that Kuwaiti Fund fact aiming to reduce budg- tors appears to be starting up are most in need for homes, Agreements et deficit to 8 per cent from its way. Moreover, the expan- executing strategic housing GDP, also a reduction of inter- sion of social services/security and construction plans. A re- for Railroads nal and foreign debt from 97 shelters, and providing job op- corded 30 per cent of projects Battling Corruption portunities for the youth through planned to restructure and de- Developments per cent last year -of GDP- to E 85 per cent. equipping them with loans to velop 78 most deprived villages start-up their businesses. The is already achieved. The president’s aims to fight any phenomena of corruption are on no accounts hesitated or distracted, he wages this war against the cor- Marina Alamein Touristic Center rupt through legislative, executive and judicial Monetary authorities. Sophisticated electronic data-base Marina Alamein Touris- job opportunities for the throughout the whole year recorders are being implanted to decrease rates Policy tic Center- 2800 feddan, purpose of make use of -not just the summer’s 3 of inebriated acts of fraud and bribery. Al-Sisi providing 14 thousand the north coast province months. has pointed a personal consultant -specialized E Reforms to fight corruption- which shows how serious the president is in eliminating the long-inhabited Ain el-Sukhna Liquid Pouring Station corrupted attitude, not just in government insti- tutions... Al-Sisi called on the Civil The government and Dubai Ports building reservoirs and tanks on public needs to coordinate with International signed investment 4 sq/km to store petrochemi- the government in the name of Service contracts worth EGP 4bn, which cal materials’ circulations -to battling corruption and alerting authorities of any such acts. Law incorporates an extension to the maintain the Egyptian’s market S already existing station beside requirements and supply ships.