Middle East

Minister: Trade volume between Egypt, France hits USD 1.459 billion in 8 months – Egypt

The volume of trade exchange between Egypt and France hit 1.4 billion dollars during the first eight months of 2018, including 460-million-dollar exports and 999-million-dollar imports, Trade and Industry Minister Amr Nassar said on Saturday 13/10/2018.

This came at a meeting that Nassar held with French Ambassador in Cairo Stéphane Romatet to discuss future economic relations between both countries and current French investments in Egypt.


Israel received bids to build world’s biggest desalination plant – Soreq – Israel

Israel on Sunday said it had received bids from seven groups to build the world’s largest desalination plant, which will be able to produce about 200 million cubic meters of water a year.

The tender, still in its early stages, is for a new desalination plant in the area of Soreq in central Israel, the Finance Ministry said in a statement. There is another desalination facility that already operates at the site.


EGP 3.4bn revenues of SCZone form settlements with investors – Egypt

The Suez Canal Economic Zone (SCZone) has achieved revenues worth EGP 3.4bn since early April 2017 through settling problems with investors who are in the region since 1998 by 99.8%.

Mohab Mamish, the chairperson of the Suez Canal Authority and SCZone, said that the region has increased a number of assets that have not existed before, contributing to improving its credit and financial rating.


Finding a solution for Egypt’s water crisis – Egypt

Early in January this year, a sudden decrease in the level of the Nile River water in the waterway made controversy over the country and among Egyptians who were stunned and felt worried about the future of the country amid the construction of the Ethiopian Renaissance Dam (GERD), which is believed to threaten Egypt’s water security.

The decrease in the amount of water was described at that time as normal and happens since about 100 years since the beginning of December until the end of January every year, according to Minister of Transportation Hesham Arafat.


Israel Looks to Rainy Winter to Alleviate Ravages of Drought – Tel Aviv – Israel

A series of drought years have so ravaged northern Israel’s water supply that even a winter of plentiful rain will not suffice to reverse the situation, according The Times of Israel.

In fact, the Israel Water Authority forecasts better-than-average rainfall this coming winter; but after five years of severe drought, it won’t be enough to bring reservoir levels back to anywhere near normal.

“The aggregate shortage over the past five years of drought is enormous,” it said in a statement. “The natural water sources lack some 2.5 billion cubic meters (660 billion gallons) of water. We need an unusually powerful winter to make up these shortages.”


NAB takes notice of dysfunctional desalination plants – Pakistan

Taking cognisance of three dysfunctional desalination plants in Pasni, Jewani and Gadani, National Accountability Bureau (NAB) Balochistan Director General Mirza Muhammad Irfan Baig has issued notices to the Balochistan Development Authority (BDA) and others responsible.

BDA had initiated three different projects in Pasni, Jiwani and Dam Jati at a cost of Rs1 billion to address water shortage in the areas, but despite a passage of 12 years the desalination plants are not operational.


World Bank to provide $1B grants for Sinai development – Sinai – Egypt

The World Bank commission in charge of following up with the Sinai Integrated Development Programme headed by Ashish Khanna and Minister of Investment and International Cooperation Sahar Nasr discussed on Sunday finalizing the measures necessary for $1B grants.

The ministry also secured financing in the value of $2.5 billion from the Saudi Development Fund, the Kuwait Fund for the Arab Economic Development, and the Arab Fund for Economic and Social Development.


Sisi inspects development projects in Galala plateau – Suez – Egypt

President Abdel Fatah al-Sisi embarked an inspection tour of a number of urban and service projects being carried out at the City of Galala Mountain in the Red Sea area between Ain Sokhna and Zafarana on Friday, according to a statement issued by presidential spokesperson Bassam Radi.

Sisi reviewed the latest developments of this integrated project, hailing the efforts exerted in implementing this great project according to the set timetable.


Egypt’s govt investment plans in South Sinai worth EGP 1.363 bn in FY 2018-19: Minister – South Sinai – Egypt

Egypt’s Planning Minister Hala El-Saeed discussed on Tuesday with South Sinai Governor Khaled Fouda investment plans and projects due to be implemented in the governorate in the 2018-2019 fiscal year.

The total planned investments in South Sinai development are worth EGP 1.363 billion, she said.


Israel Endures Sixth Year of Drought – Israel

The Sea of Galilee is 214.2 meters (703 feet) below sea level, perilously close to its black line.

Nevertheless, the average Israeli has not felt the drought as in the past, mostly due to the fact that the state has invested heavily in building five enormous desalination plants in recent years.

providing some 70% of the country’s drinking water directly from the sea and is building two more. Furthermore, Israel recycles some 86% of its waste water for agricultural purposes.