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Burlier KAMAL MOKHTAR Street, Cairo, Egypt Head Office 41, Sherif SI., Cairo Visit our Pavilion at CAIRO INE'L. BOOK THE MIDDLE EAST FAIR OBSERVER Foreign Books Hall Jan. 23 - Feb. S, 2013 ( LE. 3 ) THE PUBLISHER: AHMED FODA Nasr City -. Cairo, Egypt CHIEF EDITOR: H.A. RAOUF Latest Intl publications MIDDLE EAST COUNSELORS: of 2012 - 2013 YASMIN FODA AHMED SHAFIR The Middle East MdJIMOUD FODA Observer - Libraries N.M.M. RASHED Head Office and Din of Public Relations: Advertisements 41, Sherif burlier KAMAL MOKHTAR Street, Cairo, Egypt Head Office 41, Sherif SI., Cairo. Egypt Tel.: 23939732 - 23926919 r L.a."11 I Tel.: 23939732 23926919 E-mints Address.: [email protected] Fax : 23939732 - 27485844 "al /49/ wiroisill JAar* ea as [email protected] E-mails Address: , 1 114 11 612 1 1 [email protected] Economic covering the Middle E¢ISi , Arab Gull anal mean Markets 3.4".s...,,.mh&Amv_0 ,:i.4 aMMe.Ae+M• :;.0 ::3AAmntial.&i' periodicals@meobservenorg Web. wvvw.rneobserver.org [email protected] Web site : www.meobservenorg Please ask for our list 60th YEAR No. 3 CAIRO WEDNESDAY, JANUARY 23, 2013 ESTABLISHED 1954 Printed at Societe Orientate de Publicite of publications IS.O.P.) - Calm, Egypt O PEACE AGREEMENT LE8B. OF HEALTH WITH ISRAEL IS Flash RESPECTED MINISTRY'S BUDGET USED JOHN KERRY, THE President Mohamed Morsi has TO PAY OFF ITS DEBTS NEW OFFICIAL renewed respect for the peace The Shura Council's Health Affairs agreement signed with Israel say- Committee, under Dr Abdul-Ghafar Salhain, MAIN ing he will not seek to turn Egypt said LE8 billion of the Health Ministry's LE into a religious state. In an inter- REPRESENTATIVE 15-billion budget go to paying off the min- view with German Newspaper OF THE US Frankfurter Allgemeine, istry's debts. President Morsi said Egypt is At its meeting last Wednesday, members of FOREIGN POLICY seeking through its Foreign Policy the committee stressed the necessity of secur- From Ahmed Foda to establish balanced relations ing hospitals and encouraging doctors to work Senator John Kerry, the with all countries expressing sup- at the emergency departments that operate 24 head of the Senate's Foreign port for Germany to play a bigger hours a day. Relations Committee, is the role in the Middle East. He said Egypt will not turn into a STATE REVENUES RISE TO coming star at the, interna- religious state adding he has a strong tional arena and is the main belief in the state in which power LE108.5B. BETWEEN representative of the US for- circulation in is taking place JULY-NOVEMBER 2012 eign pOlicy for years to come. smoothly, democracy and freedoms Unlike Clinton, Kerry is State budget indexes showed that the state are prevailing, opposition is respect- excellent at forging alliances ed and social justice is observed. revenues rose to LEI08,5 billion with a 40,3 and drafting settlements and He said his campaign against the per cent growth rise at the period between July compromises. He will do his remnants of the former regime is and November 2012 against the same period of best to preserve the United restricted to legal means adding he 2011. States' leading role in the world will combat dictatorship and The State expenditure went up to LE187,9 in accordance with plans draft- bureaucracy, which prevailed for a billion with a 38,8 per cent rise as well as the ed by the Obama administra- long time, within the framework of state budget deficit was up from LE58,4 billion tion. law and judiciary. He said he is keen to LE80,7 billion, according to the finance Being head of the Senate to protect the interest of all Foreign relations committee, Egyptians adding demonstrations Saudi Emir Mohammad Bin Saad Bin Abdultrzig, acting deputy Emir of the Riyadh region (R) talks to Egypt's President Muhammad ministry's monthly report. Kerry has been a reliable part- which broke out in protest against Mursi (C) as they review the honour guard upon the latter's arrival at Riyadh airport to attend the third Arab Economic, Social and TAX REVENUES HIT LE104B. ner to many White House lead- the constitution are normal and fol- Development Summit, on January 21, 2013 in Riyadh. low long time of dictatorship. He IN SIX MONTHS erships when asked about his said all Egyptians are equal before The volume of tax revenues reached LEI04 opinions in main challenges law regardless of their beliefs and FULL GUARANTEES FOR ARAB AND billion between July 2012 and January 2013 besetting the US foreign policy. religions. He said the constitution with a LE20 billion rise against the same peri- He helped ending the war in guarantees equal rights for Copts FOREIGN INVESTMENT : MORSY od of 2011/2012, said Head of Egyptian Tax Iraq, pushing forward transi- and women. tional stage in Afghanistan, Authority MamdmihOmar. Addressing the third Arab economic summit, President President Mohamed Morsy held several meetings in Riyadh Monday enacting many laws to assist IMF MAKING FINAL Omar pointed out the rise is due enforcing Mohamed Morsy called for launching an Arab initiative to follow with a host of presidents and senior delegates taking part in the third Pakistan, ratifying new START the anti tax evasion law as well as increasing REVISION AHEAD up negotiations on the issue of sustainable development. Arab Economic and Social Development Summit, due to kick off treaties with Russia and helping OF RESUMING President Morsy stressed that Egypt is looking forward to work- later in the. day. tax payers, adding the authority has laid down the US understand the Mideast ing with the Arab countries. President Mohamed Moray held talks on.Monday with Jordan's King a plan to obtain almost LE10 billion arrears till riddles. EGYPT LOAN TALKS Morsy stressed that this summit should draw up blueprints and Abdullah II, hours before the opening third Arab Economic and June 20,2013. As of January, Kerry will The International Monetary economic policies to unify Arab efforts "in a manner that could Social Development Summit. He noted that the authority has received start addressing main files, Fund is revising budget measures lead Arab countries within an acceptable timefranie to attain The two sides discussed bilateral ties as ' ell as a host of regional LE1,2 billion only in December 2012. including challenges in in Egypt before resuming talks on more integration and co-operation". issues, including the Palestinian cause and the Syrian crisis. Afghanistan, the ban on spread billion loan, said Masood WHEAT-CULTIVATED AREA a $4.8 Morsy called on all Arab countries to provide the necessary financial of nuclear weapons, climate Ahmed, IMF director for the OIL FALLS, TRADING MUTED ON US support for the Palestinian government to meet the demands of its HITS 3.3M. FEDDANS changes and other issues related Middle East and North Africa. people. As for the Syrian crisis, Morsy called on all arab and inter- PUBLIC HOLIDAY A report released by the Ministry of to buttressing US interests in Cairo is keen on finalizing the national states to stop the bloodshed of the Syrian people and put end Crude prices fell as energy investors kept to the sidelines Asia and Pacific, defending deal to get the IMF loan, Ahmed Monday ahead of a public holiday in the 0S. Agriculture has shown that the area culti- to the 22-month crisis. vated with wheat has made a record this women's rights and placing said, noting that the Egyptian gov- The Ingest Egyptian community abroad is in Saudi Arabia, Morsy Benchmark oil for February delivery was down 41 cents to $95.08 per barrel at late afternoon Bangkok time in electronic trading on the year hitting 3.275 million at an increase of economy issue at the core of the ernment told the fund earlier this said during his meeting Monday with the Saudi-Egyptian Business New York Mercantile Exchange. The contract rose 7 cents to finish 125.000 more than the area which was earli- US foreign policy. month it is willing to go ahead. The Council, adding that the saudi investments top the list of investments at $95.56 per barrel on the Nynex on Friday, AP said. IMF should be convinced Egypt will in Egypt. er set by the ministry. Ken Hasegawa, energy analyst at Newedge brokerage in Tokyo, be able to implement the loan pro- Morsy also citied the mega progects Egypt intends to make, like the The report also disclosed that the majority of gram before a fmal approval is said trading was muted ahead of the US holiday and in the absence these areas exists in six governorates. East Port Said peoject in the Suez Canal area. of major news that might have the potential to move markets. made, Ahmed said He added that Minister Salah Abd EI Moamen has said that President Mohamed Morsy has stressed that the macroeconomic Lingering concerns about the US economy also weighed on crude the IMF supported Egypfs measures, indicators of Egyptian economy are strong. The Egyptian economy prices, with lawmakers wrangling over spending cuts and the a ministerial committee was assigned with lay- to maintain international reserves Akpasmoilfpr weak and can not be collapse as frequently reported" debt, ceiling. which Jimits,ritAmnount of debt that U.S. gov44 „Ang out a plan to lecsgp tug w and have a well-performing totelgtr Morsy sad`Stiring a meeting with Egyptian community in ernment can take on. whnthy s exchange market. therein. HIGH VOLTAGE SUBSTATION President Obama's second-term challenges 14,000 TONNES OF 11111111111161111111IN IgNaEE PROCUREMENT NOTICE • 'NM LIQUEFIED BUTANE GAS Penaleit Mama has Oppegunlly10 rye. e ARRIVE AT EL-ZAYTIAT Inoue whew with Ministry of Electricity & Energy some teronnedve aata,bpansam PORT IN SUEZ lexcees •011100115 .
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