Minister of Egypt's Finance Hani Qadri Stock Market Climbs On ENI's 'Supergiant' Gas Discovery, rose by EGP7 billion

ESTABLISHED 1945 www.meobserver.org 62 nd YEAR No. 35 Wednesday, 2 September 2015 L.E 2.85 IN THIS ISSUE Banks Fruits of President Sisi’s Asian tour to raise ter of Industry and Foreign Trade Mounir By Maye Kabil Fakhry Abdel Nour. retail portfolio The agreements include one regard- products in 2016 n a seven-day Asian tour, Egyp- ing a light train, which will link Cairo to 10th of Ramadan City and Belbais, and tian President Abdel Fattah Al- By Amal Nabil 2 Sisi started Sunday a visit to another that aims to raise the efficiency OSingapore, a first-of-its-kind visit that of Egypt’s electricity network. coincides with the south-east Asian Abdel Nour added that the delegation Final touches country’s 50th anniversary of inde- will sign an agreement with the Chinese pendence. side regarding the development of Ata- to hand over Al-Sisi’s visit to Singapore, which is ka electricity station. the first by an Egyptian leader since mu- He also said that China Development technical offer on tual ties were established in 1966, aims Bank (CDB) would provide a loan of to enhance relations and benefits from $100m to the National Bank of Egypt Renaissance Dam Singapore’s wide experience in a num- (NBE) to finance small and medium- ber of areas, including port development sized enterprises (SMEs). A further 3 By Hamdi Kamel and management, improving the quality grant of $30m will also be provided by of public and technical education, and China’s Ministry of Commerce for re- management of water resources and mote satellite sensing equipment. Economic Vision water desalination, according to a presi- The total volume of trade exchange 3 dency statement. between Egypt and China reached By Mahmoud Fouda Singapore ranks high on key meas- $11.16bn in 2014, an increase of 13.8 ures of social progress. It leads Asia, President Sisi signs a guestbook during a ceremony at Singapore's natioal orchid garden per cent compared to 2013. Egyptian to name an orchid in his honour and is 9th globally on the Human Devel- exports to China represent 10 per cent opment Index in education, healthcare, and Chinese exports to Egypt represent Joint the CEO of Hyflux Olivia Lum, in the at- Singapore, especially the opportunities life expectancy, quality of life, personal 90 per cent of these figures, according tendance of Al-Sisi. for investment in the Suez Canal Axis. safety, and housing. Although income to China’s embassy in Egypt. training for inequality is high, 90 per cent of citizens Hyflux is a leading provider of integrat- In a speech at a business event, he said There is also cooperation between own their homes and the nation has the ed water management and environmen- that his visit “opens the door for bilat- Egypt and China in the sectors of elec- nuclear power one of the highest per capita incomes. tal solutions. The company operates in eral cooperation and mutual benefits for tricity, petroleum, natural gas, railways, Al-Sisi is accompanied on the trip several places, including in Singapore, both countries”. highways, ports, metallurgical industry, plant in Egypt 5 by Egypt’s Minister of Foreign Affairs Southeast Asia, China, India, the Middle The trade exchange between the two building materials, chemical industries, Sameh Shoukry, Minister of Water Re- East and North Africa. countries amounted to $671m in 2014, lighting supplies, textiles, and house- sources and Irrigation Hossam Eldin Bilateral talks took place on Monday according to Singapore’s ambassador hold appliances. Business Opportunities 6 Moghazy, Minister of Investment Ashraf between Al-Sisi and Singaporean Presi- in Cairo, S. Premjith. This visit is Al-Sisi’s second to Beijing Salman, and Suez Canal Authority dent Tony Tan, followed by an expanded During his Asian tour, which is still in nine months. During his first visit, he Subscribe In print and online Chairman Mohab Mamish. session of talks attended by delegations taking place, the Egyptian president met Chinese President Xi Jinping and The president started his tour by vis- from the two countries. visited China to meet President Xi Jin- a number of Chinese officials. The visit Subscription rates inside Arab Republic of Egypt iting Singapore’s largest desalination The delegations from the two sides ping and Prime Minister Li Keqiang. resulted in the raising of the relationship 1 Year 2 Years 3 Years power plant. The Suez Canal Authority discussed cooperation in a number of He will also attend China’s Victory Day between the two countries to a compre- LE 275 LE 520 LE 725 signed during the visit an MOU (memo- sectors, including ports management, celebrations tomorrow at Tiananmen hensive strategic partnership. Subscription rates in the rest of the World randum of understanding) with Singa- water desalination, capacity-building Square, marking 70 years since the Al-Sisi will end his tour by visiting In- 1 Year 2 Years 3 Years pore’s Hyflux Ltd for water desalination and training of employees, SMEs, and end of World War II. donesia for the first time by an Egyptian US $420 US $795 US $1200 and the generation of electricity, state- vocational education and training. An Egyptian delegation is signing sev- president since 1983. His visit will in- Al-Sisi explained during his visit for- eral business agreements with China, clude the signature of MOUs in differ- [email protected] | Tel: 00223926919 | Fax: 00223939732 | Mob: 01011868892 owned news agency MENA reported. www.meobserver.org The MOU was signed by Mamish and eign investment policies to investors in according to announcements by Minis- ent fields.

GOVERNMENT OF ARAB REPUBLIC OF EGYPT MINISTRY OF ELECTRICITY AND RENEWABLE ENERGY EGYPTIAN ELECTRICITY HOLDING COMPANY CAIRO ELECTRICITY PRODUCTION COMPANY CAIRO WEST POWER STATION 1x650 MW General Procurement Notice (GPN) The National Organization for Military Production The Government of Egypt has secured loans from the following International Financing Institutions (IFIs): a loan from the Arab Fund for Economic and Social Development (AFESD) in Kuwaiti Dinar the HELWAN ENGINEERING INDUSTRIES CO. amount of KWD 60 million, a loan from the Kuwait Fund for Arab Economic Development (KFAED) in Kuwaiti Dinar in the amount of KWD 30 million, a loan from the Saudi Fund for Development in equivalent to the amount of USD 100 million, and a financing from the Islamic Development Bank Inviting Local and International Tenders (IDB) in equivalent to the amount of USD 222 million in accordance with financing mode towards the cost of Cairo West Power Station 1x650 MW, and it intends to apply proceeds of these loans and to submit Tenders as follows: financing to eligible payments for goods and works to be procured project. The principal objective of the project is to provide energy with a reasonable price for the invest- ment sector (Industrial, agricultural or commercial) as well as the household sector. This objective is in line with the Ministry of Electricity and Renewable Energy policy of providing the electrical energy Ser. Tender No. Type Due date Booklet to all consumers in Arab Republic of Egypt. The Project consists of One Steam Generator, and One 650 MW Steam Turbine Generator and Condenser. Bidding for contracts financed by the IFIs will 1 7/2015 Tools steel material 4/10/2015 LE 1000 be through international competitive bidding and will be governed by the Rules of Procedure for Procurement of Goods and Works of the IFIs including but not limited to the IDB’s Procurement Guidelines. 140 tons steel bars C60 Ø120mm The project will include the following goods and works: I. Packages financed by IFIs and by Cairo Electricity Production Company, and procured under 30 tons aluminum bars alloy 7075 Ø78mm International Competitive Bidding (ICB) procedures: 2 8/2015 5/10/2015 LE 1000 • Supply and Installation/Construction of Civil Works (financed by KFAED). 65 tons disks brass 70/30 • Supply and Installation/Construction of Switchyard (financed by KFESD/CEPC). • Supply and Installation of Steam Generator and Auxiliaries (financed by IDB). 2 tons brass 10/11mm • Supply and Installation of Steam Turbine Generator and Condenser (financed by AFESD/CEPC). • Supply and Installation of Water and Waste Water Treatment System (financed by IDB). • Supply and Installation of Electrical Equipment and Instruments (financed by SFD). 10 tons aluminum bars alloy Ø105mm • Supply and Installation of Mechanical Equipment and Piping (financed by SFD). 3 9/2015 7/10/2015 LE 1000 • Supply of Pumps and Drives (financed by IDB). 50 tons disks brass 70/30 • Supply of Feed Water Heaters (financed by SFD/CEPC). • Supply of Critical Piping and Valves (financed by SFD/CEPC). • Supply of Power Transformers (financed by AFESD/CEPC). • Supply of Instruments and Control (financed by SFD/CEPC). • Consultancy and Project Management Services (Engineering, Procurement and Construction The request for prequalification document will be Supervision Services) (financed by CEPC). • Supply and Installation of Environmental Monitoring (financed by CEPC). available and can be obtained from the company at II. Packages financed by Cairo Electricity Production Company (CEPC), a wholly owned ofthe Ein Helwan - Helwan Egyptian Electricity Holding Company (EEHC) and procured under local procurement procedures: • Supply and Installation of Yard Tanks. • Wrap-up Insurance. by submitting a stamped application to: • Supply of Switchgears. Eng./ Head of Commercial Sector Specific Procurement Notices for all packages will be announced, as they become available. Interested bidders may obtain further information by contacting the executing agency directly at the address below: Ein Helwan - Helwan Tel. 25552380 - 25552389 - 25552390 - 25552393 Cairo Electricity Production Company (CEPC) Fax: 25552394 - 25552383 - Factories: Postal Code 11726 22 Shannan Street, Sabttia, Cairo, Egypt email: [email protected] Attention: Head of Procurement Sector Website http://factf99.momp.gov.eg Tel No.: 20 2 574 0550 Fax No.: 20 2 576 6665

طبع مبطابع دار لل�صحافة توزيع جريدة 2 Egypt 2 September 2015 Largest Flash ever natural gas field in Egypt

“This historic discovery will be ploration deal with Egypt’s petroleum ministry By Angy Essam able to transform the energy sce- worth $2bn (£1.5bn) allowing the company to nario of Egypt, which we have explore in Sinai, the Gulf of Suez, the Mediter- been welcomed for over 60 years” ranean and areas in the Nile Delta. he Italian energy company Eni SpA an- said Claudio Descalzi, chief exec- Eni’s find follows other significant gas dis- nounced Sunday 30th of August that it utive of Eni. coveries in the Mediterranean in recent years. has discovered a “supergiant” natural gas “Eni will immediately appraise the Eni will complete the digging activities the be- Tfield off Egypt, describing it as the “largest-ev- field with the aim of accelerating a ginning of the first year by digging three wells. er” found in the Mediterranean Sea. The news fast-track development of the dis- It is expected that the exploration operations came a day after Eni CEO Claudio Descalzi met covery,” the energy company said. will last for four years to participate in satis- in Cairo with Egyptian President Abdel-Fattah Descalzi was quoted by Eni as say- fying the local needs of natural gas. Eni an- Al-Sissi and Prime Minister Ibrahim Mahlab, the ing that the discovery reconfirms nounced that it will exert its greatest efforts Egyptian leader’s office said. Eni presented a that Egypt still has great potential to finish its operation before the announced The sun report with all the discovery details to the minis- energy-wise. He said “important timeline. The Petroleum minister Sherif Ismail try of petroleum Shereef Ismail. Eni said the dis- synergies with the existing infra- announced that this discovery comes as result determined to covery made in its Zohr prospect “in the deep structures can be exploited, allowing of petroleum agreements that were signed waters of Egypt” could hold a potential 30 trillion us a fast production startup. in the last two years and a half, that reached shine on the land cubic feet of gas over an area of 100 square Said. “Zohr is the largest gas discovery ever “Eni has been in Egypt since 56 agreements with minimum investments of kilometers (38.6 square miles). made in Egypt and in the Mediterranean Sea 1954 through its subsidiary IEOC. It is the US$13 billion, in addition to digging minimum of the Pharaohs The discovery well is 190 kilometers (about and could become one of the world’s largest main hydrocarbon producer in Egypt, with a 254 wells, as well as 21 new agreements. 120 miles) from the Egyptian coast, and is at natural gas finds,” Eni said in a statement. The daily equity production of 200,000 barrels of This Discovery as recounted by Ismail will a depth of 1,450 meters ( 4,757 feet) in the t has become quite normal discovery, after its full development, will be oil equivalent. Eni, which has full concession attract more investments, and increase the that ambitions of Petroleum Shorouk Block, the company said. The block rights to the area, is the biggest foreign energy production the matter that will achieve the min- able to ensure satisfying Egypt’s natural gas and natural gas multina- is about 107 kilometres (66 miles) from Port demand for decades. firm in Africa. In June, it signed an energy ex- istry strategy. Itional firms drift, and now will drift even more towards the land of the pharaohs. Around ers jobless, he said, adding that ly stands at EGP1,700-1,800, 20 here in our precious Egypt we By Ahmed El-Mahdi only 10 per cent of mills are oper- per cent less than last year. are used to major investments ating and 90 per cent have been He voiced surprise over the by multi-national companies, closed due to the state of stagna- government’s decision despite Gov’t bans he Ministry of Industry, who approach the region with tion prevailing in the market. the council’s presentation of all Trade and Small and Medi- huge investments whether in The capacity of mills reaches information that reveals the inad- um Enterprises said that the search of petroleum, gas or 20 million tons, but the produced equate mechanisms that led to Tdecision to halt the export of all other mineral wealth, espe- barley rice hits seven million exporting only 32,000 tons out of types of rice late last week aims cially that our deserts, moun- Rice-exports, sets tons and yields four million tons a total surplus of one million tons to meet the needs of the local tains, and offshores do have of white rice, three million tons during the last season. market and the General Authority of which reach the local market The committee chairman called a wealth of such treasures, for Supply Commodities. annually, which leaves a surplus on the government to swiftly in- or for other multiple forms of The Rice Export Committee of one million tons of white rice, tervene to purchase half a mil- investments that range from fire to sector at the Agriculture Export Council Shehata said. lion tons of the crop to avoid the touristic projects to banks, said that what is being exported Allowing the export of the sur- expected deterioration of barley and commercial investments. is the surplus which is not less plus would maintain the price rice this season, pointing out that However, we have to ad- than one million tons. of white rice, one ton of which there is no export with the weak mit that the recent news an- The decision, as stated by the is worth EGP300,000, he said, consumption of supply which nounced by Italian Eni had a Rice Section of the Chamber of adding that the state obtains makes it difficult to continue with totally different flavor of joy. Cereals Industry at the Federa- fees for exports amounting to the current conditions as the loss- tion of Egyptian Industries, will The Italian Eni discovered $280. “However, we asked that es will be grave. eliminate investments worth a “super giant” natural gas the fees be lowered to $200 so Based on article no. 29 of the EGP40 billion and lead to laying that there would be competition constitution, the state has to pur- field in the Shorouk Block in off half a million workers. on the foreign markets,” he said, chase agricultural crops, but ac- Egypt in what the Italian oil Head of the Rice Section Ra- adding that prices are expected tually it only bought 100,000 tons company said is the largest gab Shehata said the sector ad- to reach less than EGP2,500 from a total of 8.6 million tons last find in the Mediterranean Sea. dressed the Ministry of Industry per ton if the surplus was not ex- year. The decision on halting ex- The deep-water deposit in the to allow the export of rice with ported. ports is not applicable to export Zohr Prospect in the Shorouk the modification of mechanisms Meanwhile, head of the Rice licenses issued in conformity with block may hold 30 trillion cu- used last season, which did not Committee at the Agriculture decision no. 776, which expired bic feet of gas, equivalent to bear fruit, so that the local mar- Export Council Mostafa al-Nag- on 31 August. 5.5 billion barrels of oil, Eni ket prices would not collapse in a gari said the government has al-Naggari called for the need way that could lead to the closure said in an e-mailed statement shocked the sector with decision to reconsider the decision and of a total of 2,000 mills. on Sunday. Eni, which wholly no. 606, published in the official to carry out a thorough study of The decision threatens invest- owns the license for Shorouk, Gazette, on halting rice exports the entire situation. The surplus ments amounting to EGP40bn, said the discovery validates except for broken rice. The deci- this year is expected to reach 1.2 which is the total investment val- its strategy of exploring ma- sion drops barley rice processing million tons, representing the sur- ue of mills, which would lead to ture areas. Egypt’s petroleum over the coming three months to plus of last season and this year rendering around 500,000 work- ministry confirmed the discov- EGP1,650 per ton, which current- together. ery in a separate statement. “Egypt has still great po- tential,” Claudio Descalzi, the company’s chief executive officer, said in the statement. “This historic discovery” will to raise retail portfolio products in 2016 transform the energy indus- Banks try in Egypt, he said. Eni will start drilling more wells and Over 50 years covering Middle prominent banks in the Egypt, stated installing pipelines next year By Amal Nabil to the Egyptian exchange that the and may see the first “fruits” East and Gulf Economic News Central Bank of Egypt agreed to a of the project in about 2018, deal regarding the CIB acquisition of Descalzi said in an interview etail banking in Egypt is one of the Citibank retail portfolio. -the sectors attracting the most with Italian daily La Repub �أكرث من خم�سون عاماً The Industrial Development and blica Monday. customers as difficult financial Workers Bank of Egypt also offers من تغطية �أخبار ال�شرق الأو�سط Rconditions prevent many from ac- its customers the mortgage finance quiring products they need or capital Now we can confirm that واخلليج االقت�صادية for starting small businesses. The service within the initiative of the Cen- Egypt achieved a reputation Middle East Observer discussed this tral Bank, with the mortgage portfolio of being trustworthy, and re- Publisher and Chairman issue with some retail experts from equaling EGP12 million, currently fi- cently major financial institu- Ahmed Fouda different banks. nancing 125 housing units, with anoth- tions do approach it for invest- “We recently started to focus on er 100 units under study, Azzam said. ment opportunities, especially Vice-Chairman retail products to attract clients from The bank has various retail prod- with the new Suez Canal and Mahmoud Fouda different categories,” said Hamdy ucts, such as car loans, but it is lim- ited, and it is studying offering the the upcoming projects sur- Azzam, a board member in the In- June, which the bank aims to raise The National Bank of Egypt aims rounding it, plus, the newly General Manager dustrial Development and Workers Master Card to its clients during the to EGP38 billion by the end of June to increase the car loans portfo- coming period. discovered super giant gas Ahmed El-Fouly Bank of Egypt. 2016, according to Alaa Farouk, the lio to EGP2.2 billion by the end of Azzam said that his bank offers «In the SMES field, we provide field. At this point I do believe loans for importing tools and ma- head of the marketing and product June 2016, the value for which was that Egyptians feel optimistic, Editor-in-chief personal loans to workers from both sector at National Bank of Egypt. EGP826 million on 30 June 2014, H.A.Raouf the public and private sectors, start- chines, for which the bank signed and they are definitely looking ing with EGP5,000 to EGP150,000, a cooperation protocol with a social Alaa added the bank plans to save Farouk said. forward for more positive joy- Consultant of ME Affairs targeting customers who want mon- fund for development with EGP50 EGP1 billion in the car loans portfolio The deposits portfolio of the bank ful news. Yasmine Fouda ey for education, marriage costs, or million,» Azzam continued. by the end of the new financial year. was estimated at EGP455 billion in holidays purposes, with repayment The National Bank of Egypt also «We could raise the car loans port- June 2015, compared to EGP393 periods reaching 84 months. seeks to expand in retail sector activ- folio to EGP1.2 billion in June com- billion in June 2014, with an increase Ahmed Fouda [email protected] This week, the Commercial Inter- ity, where the retail portfolio reached pared to EGP900 million at the end of 10 per cent, with the retail at 21 national Bank (CIB), one of the most EGP31.5 billion by the end of last of last January,» he said. per cent of the total credit portfolio. Editor Angy Essam [email protected] From the Trading Floor Layout Abd El-Aziz Mohamed gypt's stock market regained some of received approval from the central bank to ergy market. Eastern is currently considering The event will also present the Rift Valley Ahmed Saber the losses it incurred earlier last week on acquire Citibank Egypt's retail portfolio.A CIB establishing 2 solar plants generating 1 mega- Railways (RVR). the national rail operator of Thursday and Sunday trading sessions. statement, sent to the local stock exchange, watts of electricity in the industrial complex en Kenya and Uganda and a unit of Qalaa Hold- Address EThe stock exchange's benchmark index noted that CIB is in the process of taking ex- 6th of October City. ings in the East African transportation and lo- EGX30 rose by 2.99 percent on Thursday,while ecutive procedures for the merger. The company said, in a statement to EGX gistics sector, as a cost-effective and environ- Head office ending only 0.3 per cent lower on Sunday. this The merger came after Citigroup, the parent that the estimated cost of each plant will be mentally friendly mode of transporting goods 41Sherif St., Cairo, Egypt is compared to almost 8 per cent loss on the company of Citibank, sapid in October 2014, it LE 12 million. in East Africa. RVR is expected to help local Tel: 00.202.23926919 previous Sunday and Monday. is exiting its consumer businesses in 11 mar- exporters from Egypt, Kenya, Uganda and The improvement echo better performance kets including the Egyptian market. Arabian Cement: the cement company South Sudan tap into new markets and grow Fax: 00.202.23939732 in regional and international markets. as U.S. CIB's Chairman Hisham Ezz Al-Arab said in owned by Al Bouriny family posted a 16 the volume of intra-regional trade. Mob: 01011868892 / 01120187240 stocks recorded their biggest profit in one day June that the two banks have a "very similar" per cent increase in its net profits during since 2011 on Wednesday,ending a six day culture, adding "we anticipate that the integra- the first half of 2015 compared to the same Pioneers Holding: the company posted a net [email protected] loss streak. tion of Citi's staff into the CIB family will be period in 2014 to reach LE125 million. in a profit of LE321.9 million in the second quarter Moreover with the second-quarter growth seamless and add significant value to our cli- research note, Prime Securities stated that of 2015 compared toLE96 million a year ear- THE MIDDLE EAST OBSERVER in the U.S. exceeding economist forecasts, a ents and shareholders". there are several factors that are in favor of lier, on strong revenue growth in its subsidiar- IS YOUR LUCKY CARD better sentiment prevailed among investors the company. The expected decline in coal ies. The company›s sales came at LE1.61 bil- about the global economic outlook sending Orascom Construction Industries: the engi- prices, on the back of the slow growth in lion, up from LE444.11 million during the same FOR A SUCSSEFUL BUSINESS Brent crude prices up to $50 per barrel. neering and building company posted net in- china which is the largest consumer of coal, period last year."The main reason for the leap This has fueled a rally in Gulf countries, come of LE267million in the second quarter of would reduce the company's costs as coal in profits was the strong performance of the Annual subscription rates especially Saudi Arabia which ended Sunday 2015.OCI, listed in both Cairo and Dubai and estimated to account for 29 per c of total op- real estate and industrial companies that are Egypt L.E 275 transactions 9 per cent higher than its level 98.88% owned by Dutch firm OCI NV, posted erating costs. part of Pioneers," chief executive Walid Zaki on Tuesday. Among them, the six gulf nations LE 4.6 billion net profit in 2014, against LE1.4 told Reuters. Arab Countries US$ 375 have 30 per cent of the world›s oil reserves. billion net loss in 2013. Qalaa Holdings: the investment company will The comapny also bought around 1.480 Rest of The World US$ 420 hold a one day conference on September 9 million shares of Electro Cable Co. at an av- Commercial International Bank(CIB): Eastern company: The state›s cigarette pro- to shed light on its investment plans for East erage price of LE0.88 each, totaling EGP1.3 [email protected] Egypt›s largest listed private sector bank, ducing monopoly is tapping the renewable en- African Countries. million. 2 September 2015 Features 3 EGP79bn Economic to develop Vision oreign investments are one of the key economic elements on which countries rely on when Fsolving their economic problems. Egypt currently faces problems railways and large challenges whose nega- tive and positive effects fluctuated through crises in foreign investments before and after the revolution. Foreign investments are con- sidered the main branches that in five years contribute a great deal to solving Ahmed Hamed inspecting new train at Alexandria station economic problems, but need an attractive, guaranteed and encour- he first Egyptian air conditioned the coaches are manufactured by Each train has three first class air con- finance corporations were allocated use of intensive labor power and to aging environment in light of other VIP train was launched to Al- the Arab Authority for Industrialisa- ditioned coaches, a buffet coach and five for railways during the current fiscal, provide necessary spare parts. More competitors in the region. There- exandria a few days ago from tion (SIMAF factory) using more than second class air conditioned coaches, he added. than 1400 coaches have been reno- fore, bureaucracy and red tape TMisr Station in Cairo in the presence 50 per cent local materials. Each he said, stressing that smoking is prohib- The Railways have been suffering vated, he added. have been eliminated, the current of Prime Minister Ibrahim Mahlab, train offers distinguished services, ited by the law in all coaches. from accumulative problems over the An agreement with SIMAF Com- legislations amended and neces- Minister of Transport Hani Dahi and including Wi Fi, emergency medical He pointed out to a comprehen- past years, mainly the old coaches pany and Kader Factory has been sary energy for projects provided Head of the Arab Organisation for services and surveillance cameras to sive plan to develop the railway sys- and locomotives, the delay in reno- activated to purchase six new in- along with political and social sta- Industrialization Lt. Gen. Abdel-Aziz monitor the level of services offered tem over ten years on two phases vating the railways and workshops tegral trains, he said, adding that bility, which is considered most at- Seifeddin, and Head of the Railway to the passengers, he said. at a cost of EGP79 billion, including and the deliberate sabotaging of the negotiations are underway with a tracting to investments. Authority Major Gen. Ahmed Hamed. More than 20 structures of railway EGP40 billion during the first five utility, he said. Hungarian and Spanish consortium Therefore, Egypt has become a The train is the first Egyptian air coaches arrived from China to imple- years. The plans includes develop- Head of the Railways Authority to provide 700 regular passenger regional and international hub of conditioned train as part of a contract ment the second and third trains to ing the trains, workshops, signal Ahmed Hamed said all lines in the coaches and 50 new locomotives giant projects which are being re- to provide 212 air conditioned coach- be operated on the Upper Egypt line, system, safety and security elements Upper and Lower Egypt have been funded by the Hungarian Commer- vealed daily, creating resonance es of 23 trains at a cost amounting to he said, adding that the first class and renovating and maintaining rails, re-operated after increasing produc- cial Bank with easy terms and in worldwide. These ventures are an EGP2.2 billion to be introduced upon ticket is to be sold at EGP100 and the he said. Some EGP3.8 billion from tion rates of workshops for locomo- cooperation with the Arab Organi- economic opportunity for diversify- a timetable, Dahi said, adding that second class at EGP70. the state budget and international tives through shifts to make best sation for Industrialisation. ing sources of income. It is only natural that Egypt has become an enormous attracting force of many giant international projects following the amendments of laws on the ground. The econom- Final touches ic repercussion of these projects is undoubtedly large economically and developmentally. Such projects can provide good job opportunities for youth and are considered a source to hand over technical offer on Renaissance Dam of attraction of important foreign in- vestments for the economy. These international projects promote the ext Saturday, September 5, is the deadline set by the state’s reputation as an important technical committee of the Ethiopian Renaissance Dam finance and business hub. during its 8th meeting, held in Addis Ababa to receive the However, the question is how can Nmodified technical offer by the French and Dutch consultancy the society benefit from these pro- offices to be reviewed by experts of the three countries, Egypt, jects in providing job opportunities Sudan and Ethiopia during the 9th meeting to take place in Cai- for youth and training and rehabili- ro on a date to be agreed upon after discussions of the offer are tating opportunities for young peo- finished. ple so that they would become of The three nations, Egypt, Sudan and Ethiopia, decided dur- social benefit? ing the national committee meetings, which wound up in Addis Many of these giant projects have Ababa on Friday, to offer the two offices a final deadline, to end specific timetable during which their early in September, to submit the joint technical offers of the infrastructure and readiness for op- studies on the impact of the dam on the two downstream na- eration are completed. This means tions, Egypt and Sudan, and the others on the size and number that time is gold and, therefore, of years to fill up the reservoir. many bodies and large companies The experts agreed on the items stated in the joint letter ad- bring about their laborers so that dressed to the main consultancy office assigned with carrying they would not waste time in train- out studies on the Renaissance Dam which includes a final ing a local labor force. This means decision by the three nations including asking both offices, the that making use of local workers is main and the assistant, to send the new technical offer swiftly limited and there is no time for help- for technical studies of the dam in coordination with the assis- ing the region to develop. tant office during a set period that does not exceed September ferences that may emerge in the future, he said. An agreement The companies of these projects, 5 for revision by the experts of the three nations. This should be By Hamdi Kamel was reached on the details of cooperation between the two whether international or local, un- done without any delay for any reason. The letter stressed that offices so that the French office performs 70% of the studies, doubtedly make best use of these both offices should abide by the decision of the latest meeting The committee decided to send some explanations and in- while the Dutch implements 30%. The ministers agreed on the giant projects as being their launch- of the ministers of the three nations held in Khartoum on organ- structions to the main French company and the Dutch subsidi- participation of a representative of the Dutch Office in the pro- ing pad. In addition to the large izing relations between the two offices. The meeting defined all ary company in order to complete the joint technical proposal ject’s board and a mechanism has been set up to resolve any facilities offered by Egypt to these technical and organizational points in a way that maintains a until the updated proposals of the tripartite committee are pre- problems that may arise in the future between the two compa- projects, the state has many ben- balance in relations between the two offices during the imple- sented without delay for any reason outside the agreement, he nies during their cooperation in the implementation of studies. efits that make it an important cent- mentation of the required studies. said, explaining that he had been sent letters to the offices to An agreement was also reached on the method and approach er for the launching of any project. Dr Hossam Maghazi, the Minister of Water Resources and Ir- stress the need for their abidance by the decision of the latest to work of the two offices and the style and timing of the amend- However, as the owners of these rigation, said that the committee decided to send some explana- meeting of the Ministers of the three countries, held in Khar- ments to be made to the modified technical proposal before projects gain numerous facilities tions and instructions for the main company and its subsidiary toum, in terms of regulating relations between the two offices starting the implementation of studies. and benefits offered by the state company in order to complete their joint work until the submis- and defines all the technical points so as to maintain the bal- Yassin noted that following the submission of the modified the youth should also benefit from sion of revised technical offer by the tripartite committee. ance in relations between the two offices during the implemen- technical offer on September 5, the national experts of the three them, not only in terms of eliminat- He added that the role of the consulting office, agreed upon tation of the required studies. countries will be given the opportunity to study the joint techni- ing joblessness, but also through by the tripartite committee, is not concerned with studying the President Abdel Fattah El Sisi, during his meeting on Saturday cal offer and then a meeting will be held in Cairo, whose date gaining experience and training. body of the Renaissance Dam, but its role is related to what›s with the ministers of foreign affairs and irrigation, reviewed the has not been set yet as being linked with the results of revising These companies should work on behind the dam and its impact on the movement of water and outcome of the meeting of the tripartite technical committee on the joint technical offer, to discuss the response of the compa- local and human development and, the damage that may cause to the downstream countries. The the Renaissance Dam, which was held in Addis Ababa, he said. nies to the proposals made by the Ministers and technicians therefore, realise balance in what is construction works are going on even during the negotiations The president confirmed during the meeting the importance of of the three countries. A agreement has to be reached on any offered and what is gained in return. periods, he said, pointing out that the initial agreement signed continuing negotiations on the Renaissance Dam in accordance modifications to the technical offer in preparation for signing the This requires that each foreign by the tripartite committee does not force Ethiopia to stop the with the terms of reference approved in the Declaration of Prin- contracts with the French and the Dutch companies, he said, expert hires a number of youth to construction of the dam. ciples signed in Khartoum in March 2015 and understandings pointing out that the delay is due to the different visions and the gain experience to enable them to He said the Renaissance Dam’s capacity and the years of which took place between the president and Ethiopian Prime keenness of each of the three countries on its own interests and work in similar projects in the future. filling up the reservoir will be one of the missions of the interna- Minister President Helamaream Dessalines during their various at the same time the keenness of the Egyptian negotiator on the Egypt is now proud of what it has tional consultancy office, which will be hired to do that job and meetings the first of which on the sidelines of the African Union Egyptian historical rights to the River Nile water and not to pass realised at the domestic and inter- will be among the missions of the two consultancy offices that summit in Malabo in June 2014. any decision against the right of the Egyptians to the Nile water. national levels by the hands of its will play an important role in providing advice, opinions and pro- During these meetings the two sides agreed on the impor- According to well-informed sources at the Renaissance Dam people and president and, in fact, posals to be implemented by the three countries. Among these tance of reaching mutual gains and not harm the interests of negotiations file that the main reason for the delay of the con- these achievements would not have tasks will be the designs of the dam, the water it will withhold any party. The President emphasized the importance of working sultancy offices concerned is competition in showing off their been reached if there was lack of and the period of storage, he explained, adding that the consul- to achieve the interests of the peoples of the three countries, technical potentials before experts. This has nothing to do with confidence between the leadership tancy office will answer these questions. as the River Nile is a source of understanding and cooperation differences among the ministers or experts of the three coun- and the people. The youth have The national tripartite committee of the Renaissance Dam of among the sisterly basin states, he added. tries, the sources said. One of the objectives of technical ex- proven their ability to adapt with all Ethiopia agreed during meetings in Addis Ababa on Friday to For his part, Dr. Alaa Yassin, the spokesman for the Renais- perts meeting in Addis Ababa is to hold consultations and reach circumstances and to work under give the two offices, the French and the Dutch, a deadline until sance Dam file, said the meeting included reviewing and dis- an agreement with representatives of the two offices, the main all kinds of pressure. Giant projects September 5 to send the new technical proposal for technical cussing the current situation regarding the work of the interna- and the assistant, on the deadline for receiving the revised tech- that are being carried out on the studies on the dam after its final modification in coordination tional consulting firms to complete the studies recommended nical proposal by the consultancy company and to study the ground are a pride to Egypt and its with the assistant Dutch office to be reviewed by members of by the international experts committee to determine the effects reasons for the delay of the French and the Dutch companies in people and will offer great econom- the committee during their next meeting to be held in Cairo in of the dam on Egypt and Sudan. The discussions ended with delivering their joint technical proposals, which were scheduled ic and social benefits. the presence of the ministers at a date to be agreed upon by the setting up a detailed road map on the work of the two offices to reach the national committee of the three countries around Minister after the completion of reviewing the studies and the together during the 11-month duration of the studies. The road- two weeks ago and to agreed during the meeting on the dead- revised technical proposal, he said. map included six main points that guarantee avoiding any dif- line for receiving the offers. Mahmoud Fouda Health Ministry deprives pharmaceuticals exports of EGP2bn

he Medical Supplies Section at the Chamber of Pharmaceutical Indus- The difference in the exchange rate of the dollar greatly affects the movement tries has expressed resentment over the Health Ministry’s hampering of By Ahmed El-Mahdi of production due to the difference in the cost of production, he said, adding that exports without real justification, preventing the increase in exports by 40 exports suffer from the percentage taken by the documentation office which Tper cent of the total exports of the section at a time when the state needs more Exports from the sector suffer from the stranding of raw materials at customs for sets a condition of receiving a large amount of money in return for document- exports in the various sectors. a long time, which leads to the financial burdens of paying fines up to $300 a day ing export contracts, which are requested by foreign importers as well as the Hisham al-Fatie, the head of the Medical Supplies Section, has criticised the for each container ship, as well as dealing with the policies of the Central Bank of Health Ministry. ministry’s move, saying that what it is doing is not logical, referring to linking the Egypt on defining the amount of monthly deposits and transfers, he added. The Health Ministry laws hamper pumping investments into the sector, which registration of products to local registration. Container ships are not released before 10 days, which results in financial needs $50 million in annual investments for operating facto- There are products that are not used on the local market, but demanded losses due to the Health Ministry’s procedures which intervene in the import and ries so that the local industry could meet the market by various international importers, he said, stressing that it should give up export operations, he said, pointing to the allowed monthly transfer of $50,000 needs over the coming five years. control of factories and inspect markets where imported commodities have which impedes the import of raw materials. The value of the credit for a single Registration is one of the obstacles that reached 60 per cent. piece of raw material amounts to $100,000, he added. paralyze production for up to nine months and The products are the responsibility of the exporter, unlike the importer The sector depends on importing raw materials by around 50-80 per cent this is reflected in the inability of the factory to who registers these products in a country that is keen on its national interest based on the type of product, he said, calling on the ministry to draw up a uni- sell the product, while importers bring neces- more than that of the exporting country, he said, stressing that the Medical fied list of imported materials for each factory, including their specifications to sary papers from Supplies Section and the Export Council of Pharmaceutical Industries will be presented once for the whole year to obtain collective approval and that the abroad to register discuss this with the Ministry of Health over the coming 10 days to iron out quantity is deducted after checking the specifications of each imported ship- the product and obstacles facing exports. Last year, exports registered at least EGP1.3 billion ment. The cycle for the entrance of raw materials takes 20 days because of the this takes only and reached EGP2 billion. Health Ministry’s Pharmaceutical Policies, he said. three days. 4 Arab & Gulf 2 September 2015

audi investments in Egypt will not be affected by Business Council, noted that he is worried about the cri- Other experts argue that this should not be a concern increasing oil prices as confirmed by, investors but sis in the gulf countries as it may delay aid to Egypt. for investors targeting long-term profits. at the same time they expressed fears of declining Officials from Saudi Arabia, Kuwait, the United Arab Saudi Arabia is the largest Arab investor in Egypt, Said to Egypt. Emirates and Oman pledged a staggering $12.5 billion and the second-largest foreign investor, responsible for Oil prices Saudi Arabia, which supported the Egyptian economy to Egypt at the summit of Sharm El Sheikh last march. projects valued at EGP71bn, according to Egypt’s State significantly during the post-revolutionary period, provid- “I don’t think that the Saudi companies and individuals Information Service (SIS). ed $6.5 billion to Egypt as financial aid during the period will be affected by the oil price crisis, but the problem According to the website, trade between the two from January 2011 to April 2014, according to a report mainly impacts the two countries’ governments,” Ge- neighbours reached $4.4bn in 2008, with Egypt import- issued by the International Monetary Fund (IMF). nedy said. ing mostly petroleum products, and Saudi Arabia im- may affect potential “Low oil prices will not affect the volume of Saudi Mohamed Deshnawy, an economic expert, stated that porting iron and steel products, furniture, foodstuffs and investments in Egypt, especially that there are 3,300 falling oil prices would affect the remittances of Egyp- electrical and medical materials. companies in Egypt,” said Ahmed Darwish, secretary- tians working in Saudi Arabia and Gulf states, which is A number of Saudi investors in Egypt faced hurdles as general of the Egyptian-Saudi Business Association. the second largest source of income in Egypt after the projects stalled following the 2011 revolt. Saudi investments in Egypt are estimated at $23 bil- Suez Canal. After ongoing promises by the government that timely Saudi aid to Egypt lion, as most Arab countries are investing in Egypt as The declining value of the Egyptian pound will impact solutions will be offered and settlements will be reached, well as companies in different sectors, such as agricul- Saudi investors in Egypt, according to the chairman Mahfouz expressed the council’s intention to increase ture and industry, service and tourism. of the Saudi-Egyptian Business Council, Abdullah bin investments in the Suez Canal, which are mostly in stor- By Amal Nabil Mohamed Genedy, a member of the Egyptian Saudi Mahfouz. age, packing and re-export. Emaar to implement various projects in Dubai Beirut hosts Iraq maar properties PJSC, Dubai's largest developer, is tendering several pro- jects in Dubai, which includes Vida Residence Downtown Dubai and Opera Grand, according to the second quarter construction update on the com- Banking Forum Epany website. The 66-storey Opera Grand, housed in the Opera District, is in the detailed design stage with the tender process underway for the enabling pack- age. The project is slated for completion in January 2019. The 118-townhouses eirut, starting from the 15th of September, Maple project, at Dubai Hills Estate in Mohammed Bin Rashid (MBR) City, is in will host the activities of the Iraq Banking Fo- the schematic design stage with expected completion in May 2019. The update rum, which takes place at the Hotel Phoeni- also disclosed that the main construction contract is currently being tendered Bcia Lebanese capital with the participation of Iraqi for Dubai Creek Residences in the mega Dubai Creek Harbour development. and Lebanese banks in three sessions on banking The six-residential tower project is scheduled for completion in March 2018. The and electronic payment as “mobile” in the area of developer is also tendering the main construction contract for the 58-storey Vida e-banking. Residence Downtown Dubai project, which links by a glass bridge with the Vida Also participating in the forum is the monetary Downtown Dubai hotel. The project is slated for completion in May 2018. BLVD authority in the two countries, represented by the Heights, the twin-tower residential development comprising 492 apartments, is Governor of the Central Bank of Iraq Ali Ismail Al- in the detailed design phase, the company said. The planned completion is June laq, the Governor of the Central Bank of Lebanon 2018. Shoring works were due to commence and the construction contract has Riad Salameh and the participation of regulatory been tendered for BLVD Crescent twin towers project. The expected completion agencies and officials involved in all of the Iraqi time is July 2018. The Company is also tendering the main construction contract Central Bank and the Bank of Lebanon. for Mulberry at Park Heights, a mid-rise tower project in Dubai Hills Estate. Early The forum is organised by the Central Bank works have commenced in June 2015 with completion scheduled for Septem- of Iraq and a group of Economics and Business ber 2018. Similarly, Acacia at Park Heights in Dubai Hills Estate, part of MBR experts in cooperation with the Central Bank of City, is in the detailed design stage. The mid-rise tower project will feature 477 Lebanon, both from the banking sector and in par- apartments and is scheduled for completion in October 2018. Emaar is also is- ticular the Lebanese banks operating in Iraq, and suing the main construction contract for Samara, the Spanish coastal-influenced businessmen and investors who deal frequently 177-villa project in Arabian Ranches. The completion is expected in October with the Iraqi market in various sectors. The 2017. It is also tendering the main construction contract for Aseel, a 55-villa agenda includes a discussion forum on banking project in Arabian Ranches. Demolition of the existing site facilities and infra- in intensive working sessions, which will provide structure works are in progress. The expected completion date is April 2017. Earlier this month, Emaar said second-quarter net profit jumped 16 per cent to a presentation of the latest developments in the AED1.18 billion ($321.3 million), up from AED1.02 billion ($273 million) on the Iraqi economy as well as macro scale banking de- prior-year period. It generated AED6.12 billion ($1.67 billion) in Dubai property velopments and plans of the Iraqi Central Bank to sales in the first half of 2015. The developer achieved its latest increase despite promote financial reality. relatively sluggish revenue growth and with analysts noting a marked slowdown There will be private Lebanese banks experi- in Dubai's recently resurgent property sector. enced in operating in Iraq, trading in the views of these banks and the challenges they face, as well as opportunities in light of the orientations of the Iraqi government through the session banking sys- tem adoption. In addition to closed bilateral meet- ings between the governor of the Central Bank Vertix towers project in UAE $10 billion of Iraq and the executive heads of the Lebanese banks operating in Iraq. The second day is devoted to three Iraqi banking sessions dealing with mobile banking and electronic payment, particularly after infrastructure projects in Kuwait the approval of the banking system and the law of electronic signature by the Iraqi government, which uwait has approved the construc- 2017, Oil Minister Ali Saleh Al-Omair provides ample opportunities for cooperation in the tion of a series of power plants, said in June. A pilot 70 megawatt pro- Iraqi-Lebanese field of electronic banking and the desalination facilities and other ject in the Shagaya desert zone west opportunities for IT companies which are active in Kinfrastructure projects worth a total of of Kuwait City was expected to be com- the field of software solutions. around 3 billion Kuwaiti dinars ($9.9 pleted by next year. The minister also billion), the Finance Ministry said few said that preparatory works of partner- days ago. ship projects between Public and pri- Like neighboring Gulf countries, Ku- vate sectors have borne fruit - “thanks wait is struggling to meet soaring de- to the legislative and executive authori- mand for electricity and the planned ties that enacted a law to set up a body projects will add around 3,580 mega- to run these projects.” watts of capacity, as well as waste The body has formed its structure in treatment and developments for the accordance with international stand- Education Ministry. The ministry did not ards to help Kuwait implement pro- set a timescale for most of the initia- jects in a competitive and professional tives, except for a sewage plant which manner, the deputy prime minister and will start by 2020. It also did not say minister of finance said. The body’s how they will be funded beyond saying higher committee has approved six ubai-based devel- design stage, he said. in early 2018. The Motor 50 per cent of the finance will be raised projects and their tenders were offered oper Union Proper- Designed by Agostine & City is an automobile and through stock market offerings. Among at the beginning of this month, he add- ties (UP) is planning Raphael Group, The Vertex motor sport theme park by the projects, Kuwait plans a second ed. He affirmed that these projects will Dto tender the construction will consist of five high-rise the developer comprising phase of the gas-fired Az-Zour North be co-implemented by both public and works for its AED1.2 bil- towers ranging 20 and 45 five components: Dubai Au- power and desalinated water plant that private sectors as the State of Kuwait lion ($326.7 million) Vertex storeys located at the en- todrome, F1-X, Business has an initial capacity of 1,800 mega- seeks to boost the participation of the Towers project in January trance of the Motor City, Park Motor City, Uptown watts. It will also build the first phase private sector in sustainable develop- 2016. “Next month, we are UP’s master development Motor City and Green Com- of the Khairan power plant with 1500 ment. Kuwait also plans to create a going to launch the ena- on Sheikh Mohammad Bin munity Motor City.In Febru- MW of capacity, which will use different quantum leap in terms of technologies bling tender for the project. Zayed Road. ary 2015, UP had sold its types of fuel, and the Al Abdaliyah pow- used in these projects and services We will be floating the The freehold buildings AED200 million ($54.5 mil- er plant with a capacity of 280 MW, of provided to citizens; transfer knowl- main construction works will house 700 units and lion) Auto Mall, Motor City which 60 MW will be from solar energy edge; create jobs for nationals; attract tender, most probably, in 66,000 square feet of re- project, which it was plan- while the rest will be fed by gas. Kuwait investment opportunities in the country January next year,” said tail space. The project is ning to convert into a shop- plans to generate 15 per cent of its en- and support local economy to alleviate Ahmad Khalaf Al Marri, scheduled for completion in ping mall, to Texture Global ergy needs via renewable sources by burdens on the budget, he noted. This 2030, with the first of up to 100 solar- move will be in favor of the local econ- general manager of UP. 2019, with the first two tow- Investment for AED525 mil- powered fuelling stations operating by omy, he expected. The project is in its final ers likely to be delivered lion ($142.9 million). Palm trees A crude oil pipeline linking Saudi Arabia and Bahrain sprouting

ahrain Petroleum Co (Bapco) will next year tender the construction contract for the Bahrain section of a Wi-Fi $350-million crude oil pipeline between Saudi Arabia new species of palm tree has started sprout- Band Bahrain. The construction tender for the Bahrain section ing around Dubai. But instead of producing will be released next year. The new AB pipeline will replace dates, the fronds of the Smart Palm harness the ageing AB-1 pipeline, opened in 1945, which runs from Athe sun’s energy to allow people to look up city in- Saudi Aramco's Abqaiq plant to Sitra Refinery in Bahrain. The new 30-inch diameter 115-km pipeline, of which 42 km is sub- formation, access wi-fi, and charge their phones, sea and 73 km on land, will raise the transport capacity from all for free. the current 230,000 barrels per day (bpd) to 350,000 bpd, with Topped with nine leaf-shaped photovoltaic mod- the flexibility to increase to 400,000 bpd. The project is jointly ules, a six-meter-tall Smart Palm can generate managed by Bapco and Aramco. around 7.2 kilowatt hours per day, enough to oper- “Worleyparsons completed the front-end engineering de- ate without ever drawing off the grid. The two proto- sign in 2014,” Bapco said in a statement that the request for type palms that have already been installed – one proposals for the first engineering, procurement and construc- at a beach near the Burj Al Arab hotel and the other tion contracts for the pipeline were issued on 5 January 2015 at centrally located Zabeel Park – each carry a wi- with the award scheduled for the second quarter of 2015. fi hotspot, eight charging stations for phones and “The evaluation of the first phase construction contracts for tablets, and a touch-screen panel giving local de- the Saudi section is in an advanced stage and will be awarded tails on things like weather and transportation. The soon,” an official source said without disclosing the number company behind the device, Dubai-based D Idea, of bidders or a possible award date. Bapco has also started says connectivity is just the start of the Smart Palm’s the prequalification process for mechanical contracts for the potential. “Subsequent Smart Palms will have ATM onshore section of the pipeline in Bahrain. Local mechanical machines and utility bill payment services,” said contractors are invited to submit applications by 26 August CEO Viktor Nelepa. “Our team has also started to 2015, according to a tender board announcement. The pro- find new ways in which the Smart Palm can sup- ject is a key element of Bapco’s plan to expand Sitra refinery’s port other forms of sustainable generation, specifi- capacity to 5000,000 bpd at a cost of $6 billion, and is part of cally through air and water purification modules.” the country's development plans for the oil and gas sector. Over the next 12 months, D Idea plans to install 103 The new pipeline is expected to open in the first quarter of Smart Palms across the city of Dubai. The next gen- 2018 and dismantling of the existing pipeline is expected to eration of the device, due to be launched in Septem- begin in the second half of 2018, according to local media ber, will be created by 3D printer and have a differ- reports. ent design. 2 September 2015 World 5 Joint training for nuclear power plant in Egypt omsk Polytechnic University (TPU) and the Egyptian-Russian Uni- versity signed a cooperation agreement making provisions for the joint training of specialists for the nuclear industry in Egypt, said TPU Tpresident Peter Chubik. The Egyptian delegation in Tomsk for a two-day visit includes Egypt’s Minister of Higher Education and Science Al Sayed Ahmed Abdel-Khaleq and representatives of local universities. On Monday, the delegation paid a working visit to the TPU. “Essentially, Egypt is creating a new industry - nuclear power. And it’s going to need various specialists as well as scientific know-how. And we are ready to help you in this,” said Chubik. According to Chubik, the university has already had experience in similar projects with Chinese universities. “Here we have a certain edge over the programs that we are conducting with our Chinese partners because our partner is the Egyptian-Russian University, where the studying of Russian is a must,” he added. Chubik added that under the terms of the agreement, the Egyptian uni- versity will be training specialists for three years, including teaching them Russian. They will then continue their studies for two-and-a-half years at the TPU, which has a serious scientific base and the only training nuclear reactor in Russia. In addition, the possibility of academic exchange be- tween the universities is being considered. “It’s no secret that Rosatom is constructing an NPP in Egypt, and Egypt needs qualified specialists for when the construction is finished. I know that the TPU is one of the best universities in the field of nucle- ar power,” said the president of the Egyptian-Russian University Sheriff From left, Minister Al-Sayed Ahmed Abdel-Khaleq and President of the Egyptian-Russian University, Sherif Helmy Helmy Soliman. Deepening Cancer does not wait Suzuki The economic collapse of Venezuela has ledAbdelmessih to a severe Indian-Egyptian shortage of medicine supplies, putting more lives at risk to buy back VW’s stake of death; writes Ameera Fouad fter four years of disputes, the International Chamber of Com- merce upheld Suzuki’s request that VW sell its 19.9 per cent economic relations stake in Suzuki, ending a 2009 agreement between the two Acompanies. The four-year deal did not yield a single joint agreement between Japanese automotive company Suzuki and its German counterpart Volkswagen, and consequently the 19.9 stake to be sold by VW is valued at about 463 billion yen ($3.8 billion). In 2011 Suzuki requested the sale of VW’s share but VW refused to collaborate on a new technology. However, VW welcomed the fact that all these disputes had come to an end. The agreement between the two companies was mainly based upon the fact that VW, which had bought Suzuki stake, wanted to find a way through the Indian market for small cars where the Japanese firm had a pioneering position. However, after a short period of time, discord erupted as Suzuki accused VW of withholding information that it had promised to share, while VW objected to a Suzuki deal to buy diesel engines from Fiat. Suzuki said that VW has to sell the stake back to them or a party of the Japanese company’s choosing, while VW said that the buyer of the stake hasn’t been decided yet. VW, which has hired a bank for the sale, said it’s still analyzing the ruling and will determine later who the buyer will be. Cancer does not wait” is a slogan that harm if they do not undergo treatments Suzuki also faces the prospect of having to pay damages after ar- Venezuelans have raised in Caracas as including chemotherapy and taking drugs bitrators ruled the Japanese company breached the agreement. The a means to receive treatment at a state- that prevent transplanted organs from be- amount of any penalties would be addressed in a further stage of the “run children’s hospital there. ing rejected. arbitration proceedings, Suzuki said. In a country battered by political tension Moreover, 250 persons with cerebral- The company has “turned misfortunes into opportunities” before and will take time to review its strategic options, said Osamu Suzuki. and a sputtering economy, the Venezue- vascular accident (CVA) and 500 with Swaraj lan healthcare crisis has reached severe blocked coronary arteries are at a high risk heights where patients can no longer wait due to the lack of medical equipment and for treatment. spare parts for surgeries. The healthcare system in Venezuela Around 750 persons with heart deficien- has been affected by the black market for cies need pacemakers every year, which By Ahmed Kamal pharmaceutical drugs and the smuggling of are currently unavailable, while 500 per- drugs out of the country. sons who need to save their lower limbs ast week, Indian Minister of External Affairs Sushma Swaraj vis- The healthcare situation in Venezuela are at risk of amputation because of the ited Egypt for two days to boost trade and investment relations had seen a boom in the era of the former lack of instruments. Five hundred and sixty between the two nations, as well as to play a greater role in president Hugo Chavez, marking one of people with lymphoma face a lack of medi- Lregional security. the hallmark achievements of his presiden- cine prescribed in chemotherapy protocols “The Indian Minister was keen to make use of economic and logis- cy. This year, however, the situation dete- in at least eight states, and 4,242 people tical opportunities in Egypt and enhance cooperation in information riorated with the country’s economic crisis, with hemophilia and other blood problems technology and pharmaceuticals,” the Egyptian president’s spokes- medicine storages, aging equipment, and do not have a regular supply of clotting fac- person stated to the media. an exodus of medical professionals who left tors in the blood, which need to be applied “We are waiting for the issuing of the master plan of the Suez Ca- the public health sector. once or twice a week. nal region to start Indian projects in different sectors, especially since According to Code Via, a non profit um- The country could face a serious hu- most of our company is in Port Said, Ismailia, and Suez,” former In- brella health group, around 13,000 people manitarian crisis if the situation continues dian Ambassador Navdeep Suri told the Middle East Observer. with chronic ailments are at risk of severe unchecked. Suri added that Indian investment in Egypt is estimated at $3 bil- lion, affecting 35,000 Egyptian workers. “Our investors have a special interest in the Egyptian market, but there are some challenges that face us here, such as obtaining land, energy, and permits, and we have a problem with continuous pro- Businesses in scope: by: Amal Mohy tests by the workers in the Indian factories.” Egypt’s Ambassador to India Hatem Tageldin told Indian news ser- vice IANS that “there are over 50 Indian companies in the pharma- ceutical, IT, infrastructure, energy and auto component sectors that How does China are exploring the Egyptian market with the intention of either export- ing from India or producing in Egypt.” Tageldin added that India is considered Egypt’s sixth largest trad- ing partner, with trade in the last financial year valued at $4.76 billion. “A lot of Indian companies currently invest in the Suez Canal re- affect world industries and economies? gion, like the Sanmar Group specialised in chemicals with $1 billion fter three weeks of China’s devaluation of energy, soy and agricultural goods, ores, chemicals demand for African goods in general since they are investments, while the Nile Egypt company is investing $6 million, the Yuan, the Chinese economy continues and wood pulp. India lost about $3.76bn, accounting paid for in dollars and consequently Chinese traders and the Galaxy Surfactants Ltd company investing $45 million,” Suri to shrink. Last week on Black Monday, the for only 0.2 per cent of its GDP. India’s exports to withdraw such expensive goods. said. AShanghai Composite Index of Stocks dropped 16 China are mostly cottons, precious metals, copper, As for Europe, it has been less affected, with the Indian interest in the Suez Canal region is due to the canal signifi- per cent, and in the past three months, the Index ores and organic chemicals. Singapore’s sales have exception of Germany and Russia, which benefit cantly reducing the travel distance for ships travelling from the Indian had fallen about 40 per cent. Although the Chinese slumped by $2.16bn (about 0.7 per cent of its GDP); from the world’s biggest car market and the world’s Ocean to Europe. stock market is not a real indicator of the Chinese affecting the oil and gas, plastics and machinery largest oil consumer. Germany’s export sales have Egypt’s planned developments for the area surrounding the canal economy -- since only one in 30 Chinese citizens sectors. Malaysian export sales to China have de- declined by $14.17bn, representing only about 0.4 also pose opportunities for foreign investors, and the government own stocks -- the plunge of Shanghai Composite In- clined by $2.1bn, accounting for about 0.6 per cent per cent of its GDP. Germany’s main exports to Chi- has promised to provide incentives to countries with intentions of dex has a broader impact across global stock mar- of its GDP and having a significant impact on the na are cars, machinery, and precision machinery. establishing industrial zones in the region. kets. However, what concerns global economies energy and machinery sectors. Meanwhile, exports from Russia have contracted Last may, a delegation of 27 Indian car manufacturers and mer- more is China’s slow growth. African countries have also suffered from the by $8.66bn (about 0.5 per cent of its GDP); par- chants visited Egypt to study establishing industrial and commercial With China representing roughly 17 per cent of the shrinking Chinese imports. Angola has lost about ticularly oil and gas as well as wood. Less affected partnerships with Egyptian manufacturing companies. world’s overall GDP in 2014, such a severe slow- $4.54bn, accounting for more than 3 per cent of its countries include the UK, which lost about $3.17bn; In a statement, ACMA, the organisation leading the delegation, down in its giant economy affects every country in GDP. The oil and gas sectors have been the largest France with a $2.45bn fall in exports; and Italy with said that in 2013 Egypt was Africa’s third largest car producer, follow- the world. According to The Guardian, China’s over- losers in Angola. The currency of South Africa has a $1.98bn decrease in exports. Each of these coun- ing South Africa and Morocco. The numbers indicate that car sales all imports have declined this year by 14.6 per cent. been plunging sharply, and fell by 8 per cent last tries has lost about 0.1 per cent of their GDP. in Egypt have achieved an annual increase of 56 per cent by the end The impact has been sharp on Australia, which lost week. The devaluation of the yaun has decreased Losses were more painful for Latin America. Bra- of June 2014. about $25.20bn, representing about 1.7 per cent zil’s exports to China have dropped by about The Egyptian automotive industry imported 60 per cent of its com- of its GDP. In other words, China’s imports from $12.2bn, accounting for 0.5 per cent of its GDP, ponents or the equivalent of $900m worth of spare parts and feeder Australia have fallen by 25.8 per cent. Austral- with a shrink in its economy of 1.9 per cent. industries in 2013. Imports from India have accounted for about 8 ia’s main exports to China include raw materials The Brazilian currency has tumbled as result. per cent of these imports, or approximately $70m. The Egyptian au- like ores and iron as well as oil. Similarly, New Brazilian leading exports include agricultural tomotive market is expected to grow by another 50 per cent by the Zealand has lost about $3.54bn, accounting for products, ores, iron as well as gas and oil. Chile, year 2020. about 1.9 per cent of its GDP. Its main exports Peru and Columbia are also struggling with the ACMA also pointed out that Indian companies seek to work in co- to China include dairy products, wood and meat. same economic woes. operation with Egyptian companies to target more trade and invest- The emerging Asian economies have been Although the US export sales have decreased ment opportunities not only in the Egyptian market, but also in east- also hurt by the Chinese slowdown. Japanese by $11.99bn, the loss is not really felt as it is just ern and northern Africa, making Egypt India’s gateway into these sales decreased by $18.08bn (0.4 per cent of its about 0.1 per cent of its GDP. Canada, mean- markets. GDP). Japan’s huge manufacturing sector was while, has lost about $3.68bn. Indian companies believe that the Egyptian market represents particularly affected; namely machinery, preci- All in all, world economies need to adjust to great cooperation opportunities in light of the elements of power en- sion machinery and cars among others. South what Xi Jinping, China’s president, has called joyed by the Egyptian automotive industry, as well as the expected Korean export sales fell by $13.88bn (1.0 per “a new normal”. industry growth over the next five years. cent of its GDP). Like Japan, machinery, preci- The bright side of China’s economy is that its Egypt’s main exports to India include crude oil and petroleum sion machinery and organic chemicals are the pillars are still resilient. The slowdown of China products, raw cotton and other raw materials and chemicals. India’s most affected industries. Indonesia has lost and the emerging countries may nonetheless main exports to Egypt include meat, fabrics, machinery, pharmaceu- about $6.64bn, representing about 0.7 per cent put more pressure on developed countries as ticals and traditional exports including tea and tobacco. of its GDP. Its most affected industries include the current drive for economic growth. 6 Business Opportunities 2 September 2015

The Middle East Observer doesn’t Transfers 2075, Baghdad Website: http://www.ctc.gov.kw treated water tank; 4) treated water Cost of tender documents: RO75 have any responsibility for any Address: Regulation & Contentious Phone: (9641) 7750300/ 7750911 pumping station; and 5) 500-cubic- Miscellaneous: Tender documents mistakes, errors or changes in the Affairs Department, Contracts Office, Fax: (9641) 7751096 TV and radio system equipment metre load up tank are available until 27 August tenders’ information. Such errors 3 Mohamed Allilet Street, PO Box Email: [email protected] Supply of equipment for TV and radio Closing date: 21 October 2015 Client: Health Ministry 235, Kouba, Algiers Website: http://www.oil.gov.iq systems Bid bond: MD1.8m Address: Building no. 105, opposite are the reponsibility of the compa- Fax: (21) 290600 Description: Supply, installation, Finance: European Bank for Khoula Hospital, PO Box 393, Muscat nies that publish these tenders. training, and operation and Reconstruction & Development 113 Library project consultancy Jordan maintenance (O&M) of equipment for Tender no.: 46/DAM/ET/2015 (project Phone: (96824) 602177 Provision of consultancy services for a the upgrade of receiving equipment no. 43597) Fax: (96824) 602647 Aerial lift library project and appliances, measurement, Cost of tender documents: Website: http://www.moh.gov.om Egypt Provision of an aerial lift Description: Provision of consultancy analysis, display, recording, storage Miscellaneous: A site visit will take Residential towers Description: Provision of an aerial lift services comprising the conclusion of and monitoring of broadcasting place on 17 September Vending machine and card reader Implementation of two residential Closing date: 16 September 2015 a deal on the benefits of a study and signals of TV and radio systems for a Client: Office National de l’Electricité system towers Bid bond: JD3,500 follow-up works for a national library monitoring and measurements centre et de l’Eau Potable – Branche Eau Supply of an automatic vending Description: Implementation of two Tender no.: 43/2015 in Algiers at Shuwaikh Address: Direction des machine and card reader system residential towers, related fire fighting Cost of tender documents: JD25 Closing date: 9 October 2015 Closing date: 4 October 2015 Approvisionnements et Marchés, Description: Supply and installation network and electricity distributor at Client: National Electric Power Tender no.: 05/ARPC/MC/2015 Bid bond: KD10,000 Division Achats Projets Eau Potable, of an automatic vending machine and the El-Nasr extension project in Nasr Company (Nepco) Cost of tender Tender no.: MI/226/2015/2016 Bâtiment G, Station de Traitement, card reader system City for completion within 30 months Address: Purchasing Department, documents: AD20,000 Cost of tender documents: KD300 Avenue Mohammed Belhassan, El- Closing date: 15 September 2015 Closing date: 19 September 2015 PO Box 2310, Amman 11181 Client: Agence Nationale de Gestion Miscellaneous: A pre-bid meeting Ouazzani, Rabat Tender no.: PRS/14/054 Bid bond: LE450,000 Phone: (9626) 5858615 des Realisations des Grands Projets will be held on 30 August. The client Phone: (2125) 37667256 Cost of tender documents: RO25 Cost of tender documents: £E5,000 Fax: (9626) 5818336 de la Culture is the Information Ministry. Tender Fax: (2125) 37667222 Miscellaneous: The closing date has Miscellaneous: Inquiries must be Email: [email protected] Address: Ministere de la Culture, documents must be collected from the been extended submitted by 12 September; bidders Website: http://www.nepco.com.jo Villa Brossette-19, Avenue Souidani Central Tenders Committee. Enquiries Water project consultancy Client: Sohar Municipality must be classified by the Contractors’ Boudjemaa, Algiers must be submitted by 9 September Provision of consultancy services Address: PO Box 140, Sohar 311 Federation in at least grade 2 for School construction Phone: (21321) 481866 Client: Information Ministry comprising technical assistance to Phone: (968) 26840840 integrated works Construction of two basic co-ed Fax: (21321) 481801 Address: PO Box 1070, Safat 13011 support the development of irrigation Client: Real Estate Projects Agency schools Website: http://www.arpc.dz Phone: (965) 2401200 water Housing construction Address: Interior Ministry, 11 Description: Construction of Al-Safeh Fax: (965) 2416574 Description: Provision of Construction of social housing Sayyeda Zeinab Square, Cairo basic co-ed school in Salt and the Email: [email protected] consultancy services comprising Description: Construction of three Um Qsair basic co-ed school in Website: http://www.ctc.gov.kw technical assistance to support the social housing units Cairo Oil Refinery Company (CORC) Iran Amman for the Education Ministry. development of irrigation water and Closing date: 15 September 2015 Description: Supply of seamless linepipe The Al-Safeh school in Salt, covering Scientific equipment maintenance strengthening management capacity Bid bond: 2 per cent of tender price Supply of sheet iron and stainless Description: Supply of 10,000 6-inch a total area of 4,665 square metres, Maintenance of scientific equipment in irrigation sectors in R’Mel, in the Tender no.: PRS/15/017 steel bars lengths of seamless linepipe, suitable will consist of four storeys, 24 Description: Maintenance of perimeter of Loukkos Cost of tender documents: RO35 Closing Date: 13 Septembre 2015 for sour conditions classrooms, a general laboratory, scientific equipment for Kuwait Closing date: 11 September 2015 Miscellaneous: Tender documents Bid Bond: LE7000 Bid bond: IR6, 210m or €388,124 administration unit, workshop, as University’s research department, Finance: African Development Bank are available until 3 September Tender no.: 3/2015 Tender no.: Prequalification (no. 31- well as supplementary components project no. 3833/07/01 GE Tender no.: Expressions of interest Client: Sohar Municipality Cost of Tender Documents: LE300 88217-53-010) such as sanitary facilities, boundary (no. 01/2015/DDA/SVOP) Address: PO Box 140, Sohar 311 Supply of girders, angles, wicker, iron Miscellaneous: Tender documents walls and external works; the Um Closing date: 15 September 2015 Cost of tender documents: Phone: (968) 26840840 sheets, bars and wire netting are available for 14 days after the Qsair school in Amman, covering a Bid bond: KD2,000 Client: Agriculture & Maritime Fishing Closing Date: 15 Septembre 2015 second announcement total area of 2,622 square metres, Tender no.: 141/2015/2016 Ministry Condensate recovery unit Bid Bond: LE12000 Client: National Iranian South Oil will consist of three storiey, eight Cost of tender documents: KD75 Address: Office Regional de Mise en Supply of a condensate recovery unit Tender no.: 4/2015 Fields Company (Nisoc) classrooms, a chemistry laboratory, Miscellaneous: The client is Kuwait Valeur Agricole du Loukkos, Monsieur Description: Supply and installation Cost of Tender Documents: LE400 Address: Foreign Purchasing physics laboratory, administration unit, University. Tender documents must Le directeur, Ville de Ksar el Kebir 48 of a condensate recovery unit at the Supply of an Electrical Distributor Department, National Iranian Oil workshop, again with supplementary be collected from the Central Tenders Phone: (2125) 39918676 Royal Hospital (Medium Voltage) Company, Building no 104, Kooy-e components such as sanitary Committee. Enquiries must be Fax: (2125) 39918203 Closing date: 22 September 2015 Closing Date: 17 Septembre 2015 Fadaian Islam (New Site), Ahwaz facilities, boundary walls and external submitted by 31 August Email: [email protected] Bid bond: 1 per cent of tender price Bid Bond: LE20000 Phone no.: (98613) 4457437/ works Client: Kuwait University Tender no.: 176/2015 Tender no.: 5/2015 2263256 Closing date: 13 September 2015 Address: PO Box 1070, Safat 13011 Procurement agent services Cost of tender documents: RO30 Cost of Tender Documents: LE500 Fax: (98613) 4457437/ 2263256 Bid bond: JD80,000 Phone: (965) 2401200 Provision of procurement agent Miscellaneous: Tender documents Supply of laboratory equipment Website: http://www.nisoc.com, http:// Finance: Government of Jordan Fax: (965) 2416574 services are available until 27 August Closing Date: 29 Septembre 2015 www.shana.ir,http://iets.mporg.ir and Germany’s Kreditanstalt fuer Email: [email protected] Description: Provision of Client: Health Ministry Bid Bond: LE15000 Wiederaufbau Website: http://www.ctc.gov.kw procurement agent services for the Address: Building no. 105, opposite Tender no.: 6/2015 Water project investment Tender no.: 80/2015 Millennium Challenge Account – Khoula Hospital, PO Box 393, Muscat Cost of Tender Documents: LE500 Provision of finance and investors Cost of tender documents: JD250 Water facilities cleaning Morocco. The Morocco Compact 113 Supply of 1850mᵌ high purity helium for the implementation, on a build, Miscellaneous: Tender documents Cleaning of water facilities and is comprised of the following two Phone: (96824) 602177 gas operate, transfer (BOT) basis, of a are available until 16 August; a site annexes projects: 1) Education and Training Fax: (96824) 602647 Closing Date: 17 Septembre 2015 non-revenue water reduction project visit will take place on 17 August; and Description: Cleaning of water for Employability Project; and 2) Land Website: http://www.moh.gov.om Bid Bond: LE5500 Description: the last date for inquiries is 19 August facilities and annexes at water Provision of finance and Productivity Project Tender no.: 7/2015 investors for the implementation, on a Client: Education Ministry operation and maintenance Closing date: 10 September 2015 Building maintenance Cost of Tender Documents: LE250 build, operate, transfer (BOT) basis, Address: Public Works & Housing (O&M) departments and computer Tender no.: RFP/SCG/GoM/QCBS/01 Maintenance of a stores building Supply of 120 tonnes of Aluminum of the Bushehr and Borazjan non- Ministry, Government Tenders departments Client: Millennium Challenge Account Description: Maintenance of a stores sulfate revenue water reduction project. The Directorate, King Abdullah II Street, Closing date: 18 October 2015 Address: Abdelghni Lakhdar, building Closing Date: 1 Octobre 2015 periods for construction and operation Jabal Amman Eighth Circle, PO Box Bid bond: KD50,000 National Coordinator, Bureau no. Closing date: 15 September 2015 Bid Bond: LE3000 are limited. 1220, Amman 11118 Tender no.: MEW/16/2015/2016 321, Annexe de la Presidence du Bid bond: 2 per cent of tender price Tender no.: 8/2015 Closing date: 14 October 2015 Phone: (9626) Cost of tender documents: KD1,000 Gouvernement, Avenue, Allal el-Fassi, Tender no.: PRS/14/054 Cost of Tender Documents: LE200 Tender no.: Invitation for Fax: (9626) 5857583/ 5857639 Miscellaneous: A pre-bid meeting will Madinat al-Irfan, Hay Riad, Rabat Miscellaneous: The closing date has Supply of tires prequalification (no. 94/17) Email: [email protected] be held on 7 September. The client Phone: (2125) 37213838 been extended Closing Date: 20 Septembre 2015 Miscellaneous: Prequalification is the Electricity & Water Ministry. Fax: (2125) 37778826 Client: Sohar Municipality Bid Bond: LE12000 documents for qualified investors Tender documents must be collected Email: [email protected]. Address: PO Box 140, Sohar 311 Tender no.: 9/2015 are available for 14 days after the from the Central Tenders Committee. Lebanon ma, [email protected] Phone: (968) 26840840 Cost of Tender Documents: LE400 first announcement. The investor Enquiries must be submitted by 20 Wastewater networks Supply of safety footwear may participate in either one or both September. Open to prequalified Carrying out complementary Closing Date: 28 Septembre 2015 projects contractors only wastewater network works Bid Bond: LE15000 Client: Bushehr Province Water & Client: Electricity & Water Ministry Tunisia Sauid Arabia Description: Carrying out Tender no.: 10/2015 Wastewater Company Address: PO Box 1070, Safat 13011 Water treatment plant equipment Cultural and social centre operation complementary wastewater networks Cost of Tender Documents: LE500 Address: Raees-Ali Delvari Street, Phone: (965) 2401200 Supply of sanitation equipment for Operation of a cultural and social in the Upper Chouf area Supply of copper pipes Bushehr Fax: (965) 2416574 water treatment plants centre Closing date: 21 September 2015 Closing Date: 27 Septembre 2015 Email: [email protected] Description: Supply and installation Description: Provision of operational Cost of tender documents: $5,000 Bid Bond: LE12000 Centrifugal pump Website: http://www.ctc.gov.kw of sanitation equipment for water assistance services for the Knowledge Client: Council for Development & Tender no.: 11/2015 Supply of centrifugal pumps treatment plants in Sousse Nord and & Innovation Centre, Community Reconstruction Cost of Tender Documents: LE500 Description: Supply of three variable Police hospital M’Saken Service Centre, Beach Social Centre, Address: Tenders Department, Tallet Supply of laboratory equipment speed, electric motor-hydro, coupling Finalising the design, construction, Closing date: 29 September 2015 social hall and Alsadafah Women el-Serail, PO Box 11/3170, Beirut Closing Date: 28 Septembre 2015 oil transfer centrifugal pumps, model completion, medical furniture supply Bid bond: TD80,000 Centre. The works include the Central District Bid Bond: LE7000 BB3, API 610 and operational maintenance of a Finance: African Development Bank provision of staff for cultural and social Phone: (9611) 981431/2 Tender no.: 12/2015 Closing date: 12 September 2015 police hospital Tender no.: 44/ 2015 activities for the residents of the city Fax: (9611) 981255 Cost of Tender Documents: LE300 Bid bond: IR100m or €3,100 Description: Finalising the design, Cost of tender documents: TD100 of Jubail, checking the quality of the Email: [email protected] Client: Cairo Oil Refinery Company Tender no.: Prequalification (no. 31- construction, completion, medical Client: l’Office National de level of service that is compatible (CORC) 80234-44-003) furniture supply and operational l’Assainissement with the requirements of the Royal Wastewater project consultancy Address: General Administration of Client: National Iranian South Oil maintenance of a police hospital (DB) Address: Avenue Hédi Nouira 1001 Commission, provision of studies and Provision of consultancy services for a Missions- Mustorod Fields Company Closing date: 24 November 2015 Tunis future prospects for the development wastewater project Address: Foreign Purchasing Bid bond: KD5m Phone: (216) 73219001 of activities and cultural programmes, Description: Provision of consultancy Procuring Graphic Calculators and Department, National Iranian Oil Tender no.: HMK/202 Fax: (216) 73229300 and coordination and communication services for a wastewater project in Charging Docking Stations Company, Building No. 104, Kooy-e Cost of tender with the relevant authorities the Al-Arkoub area of south Lebanon Description: The USAID Funded Fadaian Islam (New Site), Ahwaz documents: KD20,000 Power project Closing date: 10 September 2015 Closing date: 8 October 2015 Project ECASE is interested in Phone: (9861) 34457437/32263256 Miscellaneous: The client is the Carrying out a power distribution Tender no.: Request for proposals Finance: Arab Fund for Economic & procuring a total of 360 Graphic Fax: (9861) 34457437/32263256 Ministry of Public Works. Tender network project in Bizerte (no. 671-S02) Social Development calculators and 9 charging docking Website: http://www.nisoc.ir, http:// documents must be collected from the Description: Carrying out a power Cost of tender documents: SR3,000 Cost of tender documents: $1,000 stations for three. The calculators www.shana.ir,http://iets.mporg.ir Central Tenders Committee. Enquiries distribution network project in Bizerte Miscellaneous: A pre-bid meeting will Client: Council for Development & must be multifunctional, provide multi- must be submitted by 8 October. comprising the study, design, supply, be held on 24 August Reconstruction replay abilities, display an icon menu, Sandy calcined alumina Open to prequalified contractors only transport to site, installation, testing Client: Royal Commission for Jubail Address: Tenders Department, Tallet able to connect to laptops and have Supply of sandy calcined metallurgical Client: Ministry of Public Works and commissioning of 24/36kV & Yanbu el-Serail, PO Box 11/3170, Beirut preinstalled software appropriate for alumina Address: PO Box 1070, Safat 13011 substations Address: Supply Management Central District STEM secondary education. Description: Supply of 30,000 tonnes Phone: (+965) 2 401 200 Closing date: 16 September 2015 Department, Directorate-General for Phone: (9611) 981431/2 Closing Date: 13 Septembre 2015 of sandy calcined metallurgical grade Fax: (+965) 2 416 574 Bid bond: TD22,000 Royal Commission in Jubail, Director, Fax: (9611) 981255 Email: nesreen.hussein@ alumina (AL203) Email: [email protected] Finance: African Development Bank Contracts Section, PO Box 10001, Email: [email protected] worldlearning.org Closing date: 20 September 2015 Tender no.: 2015 D/ 3139 Madinat al-Jubail al-Sinaiyah 31961 [email protected] Bid bond: €600,000 Nursing services Cost of tender documents: TD70 Phone: (9663) 3414127/63 Tender no.: 87/15/AAC Provision of nursing and technical – to account no. 10 40 41 00- Fax: (9663) 3412201 Mediastinoscope and Thoracoscope Client: Almahdi Aluminium Kuwait services 009280378859, Société Tunisienne Description: Supply of Corporation Multi-storey car park Description: Three years’ provision de Banque Archiving and storage services Mediastinoscope and Thoracoscope Address: Iran Mines & Minerals Design, construction and maintenance of nursing and technical manpower for Client: Société Tunisienne de Archiving and storage of records Closing Date: 13 Septembre 2015 Industries Development & Renovation of a multi-storey car park a Faculty of Dentistry l’Electricité et de Gaz (STEG) Description: Archiving and storage Bid Bond: LE16000 Organisation, Trade Commission Description: Design, construction Closing date: 4 October 2015 Address: Direction Logistique of records Tender no.: 16/2015 Office, 18 Kilometre, Shaheed Rajaei and maintenance of a multi-storey car Bid bond: KD50,000 de Distribution, Département Closing date: 8 September 2015 Cost of Tender Documents: LE500 Port Road, Bandar Abbas 79171- park project at Kaifan Tender no.: 17/2015/2016 Approvisionnement, Troisieme Etage, Bid bond: KD25,000 Client: Dar Al-Fouad hospital- 76385 Closing date: 4 October 2015 Cost of tender documents: KD1,000 Bâtiment G, 38 Rue Kémal Ataturk, Tender no.: RFP-2025531 Procurement Administration Phone no.: (98763) 2612631 Bid bond: KD150,000 Miscellaneous: A pre-bid meeting will 1080 Tunis Cost of tender documents: KD200 Address: 26th of July Corridor, 6th of Fax: (98763) 3595029 Tender no.: 22/2015/2016 be held on 8 September. The client is Phone: (21671) 341311 Miscellaneous: A pre-bid meeting October- Giza Website: http://www.almahdi.ir Cost of tender documents: KD3,500 Kuwait University. Tender documents Fax: (21671) 349981/ 330174/ will be held on 18 August. The client Miscellaneous: A pre-bid meeting must be collected from the Central 341401 is Kuwait Oil Company. Tender Invitation for Prequalification will be held on 14 September. The Tenders Committee. Enquiries must documents must be collected from the Description: Development of 50MW Iraq client is the Kuwait University. Tender be submitted by 9 September Central Tenders Committee. Enquiries BOO CSP Power Project in West documents must be collected from the Client: Kuwait University must be submitted by 23 August. Pipe fittings Oman Nile area with participation of private Central Tenders Committee. Enquiries Address: PO Box 1070, Safat 13011 Open to prequalified contractors only Supply of pipe fittings Sewage treatment plant consultancy sector must be submitted by 16 September Phone: (965) 2401200 Client: Kuwait Oil Company Description: Supply of pipe fittings Provision of consultancy services for Closing Date: 19 Octobre 2015 Client : Kuwait University Fax: (965) 2416574 Address: PO Box 1070, Safat 13011 Closing date: 29 September 2015 the upgrading and expansion of a Tender no.: 15/2015/2016 Address: PO Box 1070, Safat 13011 Email: [email protected] Phone: (965) 2401200 Bid bond: $600 sewage treatment plant Request for Prequalification Phone: (965) 2401200 Fax: (965) 2416574 Performance bond: 5 per cent of Description: Provision of consultancy Documents: Euro2000 Fax: (965) 2416574 Control camera system Email: [email protected] contract price services for the upgrading and Client: Egyptian Electricity Email: [email protected] Replacement of an old control camera Transmission Company (EETC)- Tender no.: 1354/2015 system to a new system expansion of a sewage treatment Cost of tender plant in Mawailah EETC Head of Purchases Sector Electrical group condenser Description: Replacement of an documents: ID250,000 Closing date: 15 September 2015 UAE Supply, installation and maintenance old control camera system to a new Client: Midland Refineries Company Bid bond: 2 per cent of tender price Electricity meters Kraft Paper of a group condenser to improve system Address: Oil Ministry, Daura, PO Box Tender no.: PRS/15/051 Supply and installation of smart Description: Supply of 6 million sacs power capacity in electrical Closing date: 4 October 2015 2075, Baghdad Cost of tender documents: RO150 electricity meters of Kraft paper distribution networks Bid bond: KD20,000 Phone: (9641) 7750300/ 7750911 Miscellaneous: Tender documents Description: Supply, installation, Closing Date: 8 Septembre 2015 Description: Supply, installation and Tender no.: 10/2013/2014 Fax: (9641) 7751096 are available until 3 September testing and commissioning of smart Tender no.: 5/2015/2016 maintenance of a group condenser Cost of tender documents: KD1,000 Email: [email protected] Client: Sohar Municipality electricity meters with head-end Cost of Tender Documents: LE1100 for external installations to improve Miscellaneous: A pre-bid meeting will Address: PO Box 140, Sohar 311 systems for high load consumers Client: Sinai Manganese Company- the power capacity factor in electrical be held on 30 August. The client is the Building materials Phone: (968) 26840840 Closing date: 9 September 2015 General Administration of Purchases distribution networks General Directorate of Civil Aviation. Supply of building materials Tender no.: 75E/2015 Address: - 3rd floor- 1 Kasr El Nile Str. Closing date: 4 October 2015 Tender documents must be collected Description: Supply of building Generator Cost of tender - Cairo- Egypt Bid bond: KD150,000 from the Central Tenders Committee. materials Supply of a generator and carrying out documents: AED6,000 Tender no.: MEW/86/2014/2015 Enquiries must be submitted by 9 Closing date: 29 September 2015 civil works Client: Federal Electricity & Water Cost of tender documents: KD3,500 September Bid bond: $1,800 Description: Supply and installation Authority Miscellaneous: A pre-bid meeting will Client: General Directorate of Civil Algeria Performance bond: 5 per cent of of a generator and carrying out related Address: Purchase Section, be held on 13 September. The client Aviation Aquarium contract price civil works at the Khasab polyclinic in Directorate of Planning, Deira, PO is the Electricity & Water Ministry. Address: PO Box 1070, Safat 13011 Design, provision of equipment and Tender no.: 1286/2015 Musandam governorate Box 1672, Dubai Tender documents must be collected Phone: (965) 2401200 management of an aquarium Cost of tender Closing date: 22 September 2015 Phone: (9714) 2626262 from the Central Tenders Committee. Fax: (965) 2416574 Description: Design, provision of documents: ID250,000 Bid bond: 1 per cent of tender price Fax: (9714) 2690064/ 2696534 Enquiries must be submitted by 13 Email: [email protected] equipment and management of the Client: Midland Refineries Company Tender no.: 178/2015 September. Open to prequalified aquarium of Algiers Address: Oil Ministry, Daura, PO Box Cost of tender documents: RO25 Earthing transformers contractors only Closing date: 14 September 2015 2075, Baghdad Miscellaneous: Tender documents Supply of earthing transformers Client: Electricity & Water Ministry Tender no.: 01 Phone: (9641) 7750300/ 7750911 Morocco are available until 27 August Description: Supply of earthing Address: PO Box 1070, Safat 13011 Cost of tender documents: AD1,500 Fax: (9641) 7751096 Water treatment plant Client: Health Ministry transformers Phone: (965) 2401200 – to account no. Email: [email protected] Provision of a water treatment plant Address: Building no. 105, opposite Closing date: 14 September 2015 Fax: (965) 2416574 Client: Department of Planning & Description: Strengthening of Khoula Hospital, PO Box 393, Muscat Bid bond: 5 per cent of tender price Email: [email protected] Restructuring Districts Laboratory equipment the supply of water in the city of 113 Tender no.: 2051500046 Address: 2 Boulevard Amara Rachid, Supply of laboratory equipment Ouarzazate from the Tiouine dam – lot Phone: (96824) 602177 Cost of tender documents: AED200 Marine areas, Kasbah, Algiers Description: Supply of laboratory 1, water treatment plant. The project Fax: (96824) 602647 Client: Dubai Electricity & Water equipment comprises the following: 1) water Authority Dam consultancy Closing date: 29 September 2015 treatment plant designed to produce Building works Address: Office of the Contracts Provision of consultancy services for Bid bond: $7,500 For more potable water at a flow rate of 250 Carrying out civil works for the Manager, Zabeel East, PO Box 564, dams Performance bond: 5 per cent of litres a second from raw water; 2) conversion of a building Dubai Description: Provision of consultancy contract price works and ancillary equipment for the Description: Carrying out civil Phone: (9714) 3244444 services for three dams in the wilaya Tender no.: 3514/2015 tenders water treatment plant – chlorination works for the conversion of an Fax: (9714) 3248111 of Mascara Cost of tender please visit our website buildings and reagents, wash water accommodation building Email: [email protected] Tender no.: 10 /2015 documents: ID250,000 recovery plant filters and sludge Closing date: 22 September 2015 Cost of tender documents: AD5,000 Client: Midland Refineries Company www.meobserver.org collection, electrical equipment and Bid bond: 1 per cent of tender price Tenders from our correspondents Client: National Agency of Dams & Address: Oil Ministry, Daura, PO Box automation; 3) 2,000-cubic-metre Tender no.: 174/2015 in the Middle East 2 September 2015 Travel 7 Hilton Luxor: Achieving the highest Attempting to improve standard in Egypt Egypt’s image abroad

he 2015 Certificate of Excel- leave as a true ambassador for our lence is another remarkable resort. This includes maintaining our achievement bestowed by re- reputation for all hotel operations, Tnowned travel website Tripadvisor, particularly in terms of food safety where the Hilton Luxor Resort and and cleanliness. Spa leaped to occupy the fourth spot Congratulations to the Hilton in the list of top 25 hotels in Egypt. Luxor Resort and Spa, which was It also ranked number 10 in ‘Excep- granted the regional Winner 2015 tional Service’ in the list of top 25 certificate from the E-Cristal Com- hotels in the Middle East and Africa. pany for achieving and maintaining This is the fifth year for the resort to the highest standard of health and receive the Certificate of Excellence. safety in the region and having ex- At the Hilton Luxor Resort and celled among all establishments that Spa, we believe each guest should incorporate the Cristal program. New rules for traveling to Sudan

Hawass with tourists in Giza Passport Authorities at Cairo International Airport have started implementing new security procedures on Egyptian nationals traveling to Sudan .Passengers between 18 and 45 years of age should obtain the approval of the liaison officer ourism expert and head of the agreed to lead some trips heading by Hawass to make use of his in- by top comedic actors such as Adel which is a procedure applied for those traveling to some other countries includ- Egyptian Federation of Cham- for the US and Latin America. ternational fame. These sympo- Emam, Saeed Saleh and others. ing Turkey and Syria. bers of Tourism Elhami Al Zay- Hawass will give a number of lec- siums will be covered by various Therefore, Egypt’s cultural as- The decision has been enforced inside the airport’s passenger halls ,according Tat said that cultural tourism in Egypt tures in Latin American countries Western media, a step which is pect should be given attention as it to security sources at the airport. is going through a real crisis, urging and a number of other countries considered a calculated attempt serves the interests of Arab tourists. Sports teams ,nationals married to Sudanese women ,those traveling to attend an improvement of the image of the through a tour of convoys in coop- to promote cultural tourism, espe- Egypt’s marketing field in general is official conferences ,holders of diplomatic or special passports ,students of Su- country in states that have the high- eration with the Ministry of Tourism cially as fewer tourists visit Egypt’s currently weak, especially since the danese universities and residents of Sudan are exempted from the decision. est spending tourists, particularly on Egyptian tourist destinations, cultural cities such as Cairo, Luxor events of the January Revolution, According to the sources ,the reason behind these security measures is to since some major companies have particularly cultural tourism in which and Aswan. which was followed by a severe cri- tighten the security grip and prevent the infiltration of other countries via Sudan. already started printing brochures 75 per cent of tourists are interest- The Egyptian Federation has sis in the tourism sector. Travel rules applied to Egyptians ,particularly youth ,are meant to protect their on visiting Egypt. ed, he said. recently formed a committee for A problem currently lies with the lives and save them from involvement in illegitimate activities ,particularly that This should be met with concern “We should invest the percentage communication with the aim of at- Egyptian State Information Ser- there is no entry visa to Sudan required for Egyptian nationals. by the State, especially the tourism of allocation approved by engineer tracting and reviving Arab tourism, vice, which mainly targets Egyp- The countries requiring travel permits for Egyptians are ;Lebanon ,Syria ,Jordan, sector, in terms of supporting tour- Khaled Ramy, which amounts to 25 stressing that Arab tourists are tians rather than potential tourists. Iraq ,Israel ,Albania ,South Africa ,Malta ,Turkey ,Indonesia ,South Korea ,Ma- ism programs through explaining per cent of the budget of the new highly interested in cultural tourism Therefore, the Tourism Promotion laysia ,Thailand ,Libya ,Guinea ,and Sudan. the achievements reached by the fiscal year,” he said. and, therefore, they should be of- Authority is carrying the burden of country and to improve the image This will be invested through fered additional entertainment. marketing alone, though it is suffer- of Egypt by giving lectures at mu- several methods; in America, spe- Before the revolution, Arab tour- ing from a lack of resourcefulness seums by Dr Zahi Hawass, who has cial symposiums will be organised ists came to Egypt to watch plays and an undefined mission. The ‘secret New director of positive joins energy’ Gezira Palace Cairo Marriott at Hilton Ramses Pyramids Hilton nder the motto ‘Secret of positive aitham Nassar, Ramses Hilton Gen- energy’, Ahmed Salama, Gen- eral Manager, has recently appoint- Ueral Manager of the Hilton Pyramids Hed Rogier Van Zanten to the position of Golf Resort, recently held a training director of operations at the Ramses workshop for all department heads Hilton. and assistants with the objective of Originally from the Netherlands, highlighting the importance of posi- Rogier Van Zanten joins the Ramses tive energy and the power of setting Hilton with 16 years of international goals, which will reflect positively on experience, seven of which were with their careers and daily lives. As an Hilton hotels worldwide. He has held incentive, prizes were presented to several managerial positions in the the winning teams. fields of front office, sales, marketing, The management of the Hilton and food and beverage. His most re- Pyramids Golf Resort always strives cent position was that of director of to achieve the best results and pro- operations at the Hilton Warsaw Ho- vide the highest levels of service tel and Convention Centre in Poland. to customers through continuously “This is my first placement in this re- holding different trainings and work- gion and I am looking forward to lead- shops for its employees to develop ing the team at the Ramses Hilton and and enhance their skills through an continuing down the road of excellence integrated team. that the hotel is known for,” Rogier said. The Cairo Marriott celebrates the New Suez Canal...

he Gezira Palace, what is now the Cairo activities were put together. Every corner of the Upon entering the Palace, guests were greet- Marriot Hotel, was initially built as a palace hotel, be it outdoor or indoor, was meant to re- ed by a specially designed photo booth depict- to host royalty for the opening of the origi- flect its historical significance and celebrate its ing the old Palace, the original canal digging, Tnal Suez Canal in 1869. The Palace was built achievement. Driving through Cairo streets, you the current Palace, and the New Suez Canal. by Khedive Ismail to host Empress Eugenie, the would not miss the two banners on the twin tow- Guests all stopped by the booth to capture and wife of Napoleon III and the guest of honour in ers celebrating the New Suez Canal. Each 50m document their participation in such a glorious the original Suez Canal celebrations. x 5m banner was a token of celebration to invite and special occasion. All was done in a festive Today, almost 150 years later, the celebra- guests to step in and join the festivities within atmosphere with national music playing and re- tions at the Cairo Marriott were all inspired by the hotel. The Marriott International initiative was freshing drinks served. the glory and the connection the Palace has with launched to emphasise its commitment to reviv- Proud of their heritage and their national pro- the original Canal tale. To mark this special mo- ing tourism in Egypt. What a better occasion to ject, associates of the Cairo Marriott were pre- New Semiramis ment in Egyptian history, and in tribute to the highlight than the national pride project of the sent in caps with both the New Suez Canal and Suez Canal, a series of engaging promotional New Suez Canal opening. the Cairo Marriott logos. InterContinental graduates

emiramis InterContinental Cairo started the IHG Academy program three Syears ago in collaboration with the Faculty of Tourism and Hospitality at Tenth World Health Tourism Congress returns to Dubai Helwan University in Cairo. This year we engaged 70 young students with the IHG brand, trained them for practical job experience at the front office, kitchen and food and beverage departments. he 10th World Health Tourism Congress is returning to Dubai for the The ceremony was held at the Cleopatra Ballroom attended by the head of second consecutive year under the patronage of the Dubai Health the Faculty of Tourism and Hospitality as well as the general manager of the Authority (DHA) and Dubai’s Department of Tourism and Commerce hotel and executives and the heads of departments. The ceremony started T(DTCM). with a presentation of the program, the 70 graduates› training steps as well The annual event, which has gained the support of the Arab Tourism Or- as some practical cuisine sessions: sushi, main dishes and desserts and a ganisation (ATO) and GCC Council of Health Ministers, will see the partici- lunch tasting and service session, ending with certificate distribution. pation of GCC states and over 80 countries from Africa, Asia and Europe. Originally launched in China nine years ago, IHG Academy demonstrates To be held at Mohammad Bin Rashid Academic Medical Centre in Dubai how IHG is innovating within the industry by pioneering global collaboration HealthCare City (DHCC), the congress will host the ministers of health and between hotels and local education providers and community organisations. tourism from a majority of the Arab countries, in addition to those from Asia, IHG Academy gives participants real-world experience of the hospitality in- Africa and Europe, namely Italy, Switzerland, India, Thailand, Czech Re- dustry and allows us the opportunity to develop talented people to work in public, Germany, the United Kingdom, Spain, Egypt, Lebanon, and others. our hotels. The program has continued to grow year on year and now spans Commenting on the upcoming event, his Excellency Dr. Bandar Bin Fahd 60 countries worldwide. al-Fehaid, president of the ATO, noted that the concept of Health Tourism Sameh Sobhy, general manager at the Semiramis InterContinental Cairo, is perpetuating and becoming one of the fastest growing industries in the commented: “The IHG Academy gives participants the invaluable experience world; adding that over $100 billion are being spent yearly, among which of working in a hotel and allows them to see first-hand what it takes to deliver $27 billion spent by Arabs. Due to the increasing attention paid by govern- great hotel guests love. We are extremely proud of our 70 graduates who ments and key tourism stakeholders, health tourism has been witnessing a have done a great job and exerted great effort to learn and develop their skills dramatic transformation in recent years. in a practical manner.” Travel page by Naglaa Ghonaim 8 Snapshots 2 September 2015 The explosions that shook us

n 2009, as part of completing my Masters Degree in Eco- nomics, I was assigned to Iwork on a development project for the Jabaliya tribe in Sinai’s ABBA’s piano up Saint Catherine. My role was to explore the economic con- ditions of the tribe and identify projects for women in order to for auction raise their incomes. These projects were to be financed he piano that featured on many of ABBA’s greatest hits is through a donor agency. I was going under the hammer next month in London, auctioneers expecting to simply work dili- TSotheby's said on Thursday (Aug 27).The piano is estimated to gently and conduct the field- fetch between £600,000 and £800,000 (US$925,000-US$1.24 work, coming up with suitable million, €820,000-€1.1 million) when it goes on sale on Sep 29. projects. I did not expect to go Swedish pop foursome ABBA dominated the 1970s disco on a journey that would break scene with their catchy, finely-crafted songs.“The opening piano my heart. glissando from Dancing Queen is one of the most distinctive The project involved a process of interviewing 100 women, sounds of the 1970s and we are delighted to offer the actual in- men and sheikhs from the tribe to envision what can be done strument used by the legendary ABBA in their major recordings,” to raise the standard of living for women. The results were said Sotheby’s expert Philip W Errington. shocking. “The piano itself is an instrument of real importance and with Russia reviving Soviet-era armoured trains The economic conditions of the tribe were extremely poor. the added ABBA provenance we expect it will have worldwide The majority of the tribe was poverty-stricken, and the tribe appeal.”It was built by the inventive Swedish musical instrument he Russian military has begun reviving its old Anatoly Serdyukov, decided that the trains could was suffering from drought. designer Georg Bolin for the US jazz pianist Bill Evans. The New Soviet-era armoured trains, a Czech Repub- be decommissioned. On the orders of Serdyu- Agriculture and traditional activities performed by tribes- women, such as gathering herbs or herding sheep, were York Times described it in 1964 as a “space-age piano”. Tlic newspaper reported Friday. The revelation, kov, the arms on the train were dismantled, and abandoned. It was bought by Stockholm's Metronome Studios in 1967 and which was hinted at earlier this month when the the cars were sent off to depots. Given that 80 per cent of the tribe’s men work in tourism, appeared on nearly all of ABBA's recordings between 1973 and Russian minister of defense said that four of the However, the current defense minister, Sergei the tribe’s economic situation has worsened due to the drop armoured trains could be recommissioned, is Shiogu, has reversed that decision. 1977. It featured on hits including Dancing Queen, Waterloo, in tourism. part of Russia›s $400 billion project to modernise Armoured trains are generally an old military SOS, Knowing Me, Knowing You, Mamma Mia, and Ring Ring. In these miserable economic conditions, many of the tribes- “The Bolin Grand, one of a kind and a great source of inspira- and expand its military. concept that peaked in use during World War II, men have become responsible for financially supporting their tion while working in the recording studio during the ABBA ses- “Russian intentions indicate that in addition to but are still useful in very specific military envi- parents in addition to their nuclear family. sions!”, said the group's pianist Benny Andersson. introducing a number of revolutionary new tech- ronments.They are typically used to transport Tribeswomen are attempting to face the problem by sell- The foursome - Andersson, Bjoern Ulvaeus, Anni-Frid nologies, now comes something of a ‘Renais- precious cargo and troops into the heart of con- ing handicrafts at LE25-50 a piece, with 4-5 pieces sold each Lyngstad and Agnetha Faeltskog - went their separate ways in sance’ of some (supposedly) obsolete catego- flict zones, enabling the fortification of strategic month. Other women work on collecting herbs. One woman, 1983 and have never performed together since. ries of military equipment,” the Czech website cities and towns. Securing or destroying trans- named Salha, goes on a 7-hour weekly mountain trip to gather The piano is being sold by Atlantis Grammofon, formerly the Echo24.cz wrote. The four trains — the Baikal, port links is often the first thing an invading force herbs, which she sells for LE30-40. Metronome Studios.Famous pianos have earned huge sums Terek, Amur, and Don — were used in troop-sup- does during a war.The recommissioning of the The majority of families buy food by borrowing, which they at previous auctions.In 2000, John Lennon’s Steinway upright port missions in the North Caucasus from 2002 to trains comes as the Russian military prepares cannot pay back for three or four months. All the women I met piano, on which he composed Imagine, was bought for £1.67 2009 as part of a specially formed division of the to introduce the T-14 Armata tank, which it will stated that prices in Saint Catherine are so high that they bare- million by the singer George Michael.The upright piano which Russian Railway Troops. transport into conflict zones. ly manage to buy food. A family may owe the food shop from featured in Rick’s Cafe Americain in the 1942 film Casablanca After the end of the war in Chechnya, the Min- Russia’s military modernisation is expected to LE500 to LE2,000. The tribe is suffering not from poverty, but was sold in 2014 for US$3.4 million (€3 million). istry of Defense, under the previous leadership of be complete by 2020. from extreme poverty. They are lacking the sufficient money to eat, and live from hand to mouth. They also suffer from drought, the effects of inflation, and the lack of medical treatment and services. Out of 100 women interviewed, 78 were found to be illiter- ate. The Jabaliya tribe is a sample of a poor and needy area in Arab leaders convene for the Egypt, of which we unfortunately have many. Considering all this, one can see that Sinai’s frequent ter- rorist attacks are not only politically motivating, but may also ‘Second Arab Conference’ have an economic factor. Zainab Nawar By Amal Saeed Economist and Assistant Lecturer at the British University in Egypt

he Second Arab Conference began last Sunday in Cairo, organised by the aspirations and needs of the Arab citizen. the Arab Federation for Human Resources Development in coopera- Al Noaim also praised the cooperation of government agencies in the Arab tion with the Arab Urban Development Institute, with the participation countries, especially Saudi Arabia deposit municipalities and countries to par- GOVERNMENT OF ARAB REPUBLIC OF EGYPT Tof 70 Arab countries. ticipate in this conference. MINISTRY OF ELECTRICITY AND RENEWABLE ENERGY Ayman El Gendy, director-general of the Union, said: “The conference aims Amina Dhararo, minister of state for human development in Sudan, con- to overcome the challenges facing the major countries in the Arab region, such firmed that the conference comes up to date with the development of large EGYPTIAN ELECTRICITY HOLDING COMPANY as the lack of architectural and aesthetic character, the spread of slums, im- countries and technology of urban planning in the modern world. Therefore, proper buildings and limited urban planning.” she states, we need to study the current situation in Arab countries and the UPPER EGYPT ELECTRICITY He also marked that major countries need workers, money and, most impor- challenges facing them, particularly the ongoing rural migration, overpopu- tantly, knowledge and planning institutions, as the basic societal problem is the lation, and the spread of substandard housing for low-income peoples. PRODUCTION COMPANY poor management and planning in the construction of countries. The conference also witnessed the signing of a contract with the Greek ASSIUT POWER PLANT 1x650 MW Abdullah Al Noaim, the institute’s president, said that the conference company Air Sun to provide many Arab countries, including the new capital to represents a pause before the strong challenges of planning and urban be established in Egypt, with an “energy tree”, a new invention for the utilisa- STEAM POWER STATION growth and to provide municipal services and facility management to meet tion of renewable energy in the Arab countries. General Procurement Notice (GPN) The Government of Egypt has secured loans from the following International Financing Institutions (IFIs) a loan from the OPEC Fund for International Development (OFID) in the amount of USD 55 million, a loan from the Arab Fund for Economic and Social Development (AFESD) in Kuwaiti Dinar in the amount of KWD 55 million, a loan from the Kuwait Fund for Arab Economic Development Sekhemka... (KFAED) in Kuwaiti Dinar in the amount of KWD 30 million and a financing from the Islamic Development Bank (IDB) in equivalent to the amount of USD 220 million in accordance with ‘sharia’ah’ financing mode towards the cost of Assiut Power Plant 1x650 MW, Steam Power Station and it intends to apply the the Egyptians proceeds of these loans and financing to eligible payments for goods and works to be procured under this project. The principal objective of the project is to provide energy with a reasonable did lose price for the investment sector (Industrial, agricultural or commercial) as well as the household sector. This objective is in line with the Ministry of Electricity and Renewable Energy policy of providing the electrical energy to all consumers in Arab Republic of Egypt. The Project consists of One Steam Generator, and One 650 MW Steam Turbine Generator and Condenser. Bidding for contracts financed by the IFIs will be through international competitive bidding and will be governed by the Rules of Procedure for Procurement of Goods and Works of the IFIs including but not limited to the IDB’s Procurement Guidelines. The project will include the following goods and works: By Amal Nabil I. Packages financed by IFIs and by Upper Egypt Electricity Production Company, and procured under International Competitive Bidding (ICB) procedures: • Supply and Installation/Construction of Civil Works (financed by KFAED/UEEPC). f you are fond of history, and love the old Pharaonic • Supply and Installation of Environmental Monitoring (financed by UEEPC). antiquities, Egypt is no longer the only destination • Supply and Installation/Construction of Switchyard (financed by IDB). to realize your dream, as you can reserve a plane • Supply and Installation of Steam Generator and Auxiliaries (financed by AFESD/ Iticket and travel to America, Britain, France, Germany, UEEPC) or Italy to enjoy watching the fabulous statues and ob- • Supply and Installation of Steam Turbine Generator and Condenser (financed elisks. by IDB) Let me ask you, if you are from one of said countries, • Supply and Installation of Water and Waste Water Treatment System (financed what will your impression be when watching your histori- by IDB). cal artefacts shown in another country? Last week, global • Supply and Installation of Electrical Equipment and Instruments (financed by media reported on the sale of a 4,000-year-old Egyp- KFAED/UEEPC). tian statue, controversially sold by a local UK council for • Supply and Installation of Mechanical Equipment and Piping (financed by OPEC). £15.76m, which has been blocked from export by the gov- • Supply of Pumps and Drives (financed by AFESD/UEEPC). ernment in the hope it can be kept in the UK. The statue • Supply of Feed Water Heaters (financed by IDB). of Sekhemka, a limestone figure which is just 75cm high, • Supply of Critical Piping and Valves (financed by KAFAED/UEEPC). • Supply of Power Transformers (financed by IDB). was given to Northampton Museum by the Marquess of • Supply of Instruments and Control (financed by AFESD). Northampton in the late 19th century. • Consultancy and Project Management Services (Engineering, Procurement The decision to sell the Sekhemka statue mocks the and Construction Supervision Services) (financed by UEEPC). Egyptian government, especially after the announce- II. Packages financed by Upper Egypt Electricity Production Company ment of a campaign of donation issued by the Ministry (UEEPC), a wholly owned subsidiary of the Egyptian Electricity Holding Company of Antiquities to restore the statue, but it seems that (EEHC) and procured under local procurement procedures: the ministry forgot to announce what bank account • Supply and Installation of Yard Tanks. people should send money to. • Wrap-up Insurance. “We sent the file of the statue to the Ministry of For- • Supply of Switchgears. eign Affairs, and we don’t know what will happen next,” Specific Procurement Notices for all packages will be announced, as they said Mamdouh Al-Damaty, the Egyptian minister of become available. antiquities.Mohamed Afifi, director of the history study Interested bidders may obtain further information by contacting the executing centre at Cairo University, questioned the reason be- agency directly at the address below: hind the sale. “I hope that will be a motive for the State to interest our heritage.” Former Antiquities Minister Zahi Hawass said at a news conference in Los Ange- Upper Egypt Electricity Production Company les last week that selling the statue of Sekhemka is a 6A Mohamed El Dora Street, Giza, Egypt crime and requested that David Kennedy, the chief ex- ecutive of the British Museum, be penalised. He also Attention: Head of Procurement Sector asked intellectuals from the international community to Fax No.: +2 082-92-10752 sign a document condemning the selling of the statue.