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.
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.
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.
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.
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.”
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.
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.
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.
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.