“The stock market is a device of transferring money from the impatient to the patient” / Themeobserver.com Warren Buffet The most successful investor in the world / Themeobserver.com L.E 2.85 1930-present ESTABLISHED 1945 Political conflicts fall in oil prices threat $835bn is the cost of Arab'Spring' of terrorism a triangle of danger in Kurdistan Economiesof Syria 3 Tunisia Yemen Experts: Libya It the government's duty 5 4 to attract new cash to EGX Riskrd Triangle need intensive care 63 Year No. 4 www.meobserver.org Wednesday, 27 January 2016 7 Anti-cctimsA more turbulent Egypt 2016: A promising year for investors period in store The 25th of January 2016 marks the 5th are in intensive progress; the Power to bypass fatigue, bureaucracy, and anniversary for the 2011 Egyptian Rev- sector has strongly grown, which is frustration generated over the past sev- olution when people called for bread, expected to yield major input to the eral years... along with decision mak- Prime Minister Haider Freedom & Social justice. Since then, country’s economy within 4 years. On ers who need to make stronger and firm Egypt’s resources were drained and the other hand, major infrastructure decisions needed to achieve targets set. in-security due to terrorism & criminal projects have been launched and are in Investment in Technology in Egypt al-Abadi says Iraq hopes activities caused panic and frustration. progress with variable short and long- is a great market that needs smart in- On the 30th of June 2014, the current term economic returns. The current ad- vestors, Egypt’s labor is characterized to secure IMF loans administration took over, and with a ministration is also focusing its invest- by its innovative mind that is the real determined political will to deliver ments on develop Small and Medium wealth, some smart investors are cur- what the people called for on the 25th Enterprises (SMEs) through diverse rently studying projects to incubate and of January 2011. programs, various other projects in sec- utilize this wealth. European Over 2015, Unemployment rates tors of Agriculture and Industry charac- Despite harsh economic attacks on started dropping, growth rate stands at terize 2015 as a leap towards the future. most of the successful Arab countries Central Bank’s 5 4.5 per cent to 5 per cent, compared The Suez Canal remains the high- during the so-called “Arab Spring”, to less than 2 per cent that we went light of achievements reflecting the Egypt was able to maintain stability Mario Draghi through over the past years. The gen- ability of raising $8.0bn in a week, 50 and regain its natural economic statue eral level of security has currently im- per cent of which was outside the Fi- within the global market. The new ad- hints at additional proved to a great extent compared to nancial Sector - the project’s delivery ministration under President Abdel Fat- daily criminal & terrorist attacks, trans- came right on schedule, both (collec- tah Al-Sisi’s sophisticated agenda has stimulus 6 parency levels of the government with tion and delivery) reflect that Egypt is helped Egypt secure its interests in both the international community are at a a market that has upbeat potential for the region and the globe. 2016 looks much higher level, major achievements growth, power to achieve, and hidden like a launching year for the Egyptian & projects have been developed spe- abilities that can directly lead us to a economy and a lucky year for investors 30 cially in the field of Energy, as well as brighter future. In 2016, we need to looking for opportunities. PA prosecutes 6 TV channels infrastructure and development. Vari- unleash our Capital, abilities, and po- 25 ous projects in the pipeline and others tential towards development, we need By Mahmoud Fouda 2 KHALED KHAMIS Lawyer For Legal advice, start-up companies, foreigners work permit, helping in visa extracting procedures, residence, Al-Sisi and Putin international arbitrator and trademark registration. (+20) 01223764091 Egypt, Russia to sign MoU to establish [email protected] industrial zone in Suez Gulf area Ahram Online - A Russian The meeting marks the 10th ses- delegation headed by minis- sion of the Egypt-Russia intergov- ter of trade and industry is ernmental economic committee. scheduled to meet Egyptian The Russian Direct Invest- counterparts next week to ment Fund (RDIF) is also ex- sign number of Mous be- pected to agree with Egyptian tween both countries, includ- banks to finance future pro- ing a deal to build a Russian jects to be carried out by pri- industrial zone in Egypt’s vate sector in the two states. Suez Gulf area, Egyptian President Abdel Fattah El- ministry of trade and indus- Sisi has stressed that he try stated on Sunday. "looks forward to taking the The Russian delegation will first steps towards a Russian include representatives of 60 industrial zone in the Suez major companies. Canal area." King Salman and President Xi open petroleum research & study center 4 Subscribe In print and online Subscription rates inside Arab Republic of Egypt 1 Year 2 Years 3 Years LE 275 LE 520 LE 725 Subscription rates in the rest of the World 1 Year 2 Years 3 Years US $420 US $795 US $1200 [email protected] | Tel: 00223926919 | Fax: 00223939732 | Mob: 01011868892 MEO Russian GDP fell 3.7 per cent in 2015: State statistics agency OPEC, Russia talk of oil teamwork, but Saudi talks of investment طبع مبطابع دار لل�صحافة توزيع جريدة www.meobserver.org 2 MEO Home 27 January 2016 Chinese - Egyptian agreements to develop 25 CTIHC subsidiary companies Tripartite MOU on the new expansions with $188m investments Establishment of the first insulin factory in Egypt, and $100bn pharmaceutical investments Under the endeavors of the Ministry of investment to develop public implement its expansionism policy, and optimize its assets; the Min- companies, and enhance their contribution to the national econo- istry signed an agreement on restructuring and developing some my; and out of its keenness to support and boost national industries, government companies for spinning and weaving. Under this agreement, the development of 25 sector, within 301 days and according to a spe- manufacturer, and the China Development Bank subsidiary companies of the Cotton and Textiles cific schedule. (CDB), on the new expansions of the company Industries Holding Company (CTIHC), out of In the meantime, Salman announced that a with $188m investments and an annual produc- 32, is due to begin early February 2016, for a pe- public tender was issued for national and interna- tion capacity of 80,000 tonnes. The Chinese glass riod of 43 weeks only. tional consulting offices specialized in textile and fabrics manufacturer in Egypt operates a factory Minister of Investment, Ashraf Salman, wit- cotton to assess the state of CTIHC subsidiary for producing all kinds of glass fabrics (woven- President Al-Sisi and Chinese president Xi Jinping sign vital agreements nessed the signing of this agreement between companies, set development plans, conduct stud- strands-threads) on three phases to reach a total CTIHC and the US Warner International Co., for ies on their marketing activities, offer modern production capacity of 220,000 tonnes per year tory will be established in Egypt which will pro- E-education, training, infrastructure, anti-deser- consulting services and technical and analytical methods to attract clients and open new markets, by 2017, and total investments of $520m. duce, in addition to insulin, another 30 types of tification, and space science. China's President studies, in the presence of Chairman of CTIHC and finally to provide suggestions for increasing The tripartite MOU provides for increas- the most expensive and top imported raw mate- was accompanied by a huge delegation of major Dr Ahmed Mustafa. the technical skills of the labour force through ing production, labour force, and training pro- rials. Moreover, negotiations are being currently Chinese corporations interested in the Egyptian Mustafa declared in a speech that textile facto- transformational training programs. grammes of the Chinese glass fabrics manufac- held with the Chinese insulin company on the market to get to know the available opportuni- ries need a full restructuring due to their outdated Salman also confirmed that the great competi- turer; in addition to transferring expertise in the implementation of a number of strategic phar- ties to invest in Egypt and boost the economic machinery; pointing out that CTIHC is carrying tive potentials of Egypt concerning the cotton and field of glass fabric manufacturing, and develop- maceutical projects with $100bn direct foreign relations between both countries. out financial, technical, analytical, and marketing textile industry, in addition to its being a labour- ing products to cope with the international devel- investments. Finally, Salman welcomed the enhancement studies; and a full assessment on its factories and intensive one, render it significant importance. opments in this industry. Salman welcomed the visit of China›s Presi- of the Chinese investments in Egypt, and joint all of their machinery, equipment, facilities, and He stressed the need to develop this industry, and Salman also signed an MOU between HoldiP- dent to Egypt, which is within the framework cooperation in other fields; pointing out that the movable and immovable assets. It will also ex- to use in all manufacturing phases using the most harma and a Chinese insulin and pharmaceutical of boosting the Chinese-Egyptian relations; MOUs signed in the pharmaceutical, insulin, and amine the methods and capacity of production, advanced technologies in the world. raw biomaterials company for the purpose of especially the economic and investing rela- glass fabric manufacturing fields are part of the and will compare them to the average levels; in On the sidelines of China President’s visit establishing joint Chinese-Egyptian cooperation tions.