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2016-11-09 18:55:00

WBG WANTS MORE EGYPT

WBG WANTS MORE EGYPT

According to WBG, the World Bank welcomes Egypt's recent economic and social reform measures including the floatation of the currency, measures to boost investment especially in Upper Egypt, adjusting energy prices to reflect market conditions, and strengthening the social safety net.

The package of reforms announced by the government would help create jobs and revitalize the economy. They would boost the competitiveness of Egyptian businesses, support export growth, attract new foreign investment, free public resources for priority growth and social programs, and support incomes for the poor and the vulnerable.

"This is an ambitious program of reforms with a strong focus on job creation and on social measures to support the incomes of the poor and the vulnerable," said Dr. Asad Alam, World Bank Country Director for Egypt. "In particular, we are pleased to support the government's social protection efforts especially in the expansion of the Takaful program which already reaches about 4.5 million people in extreme poverty, new investments for job creation in Upper Egypt, as well as through labor intensive works for the youth and for women."

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Earlier:

EGYPT: 

WBG BUYS EGYPT 

SAIPEM CONTRACT: $1.5 BLN 

ROSNEFT LNG FOR EGYPT 

EGYPT & SAUDI INVESTMENT FUND 

EGYPT SEEKS MONEY

 

WBG: 

WBG BOUGHT UKRAINE 

PAKISTAN IS BETTER FOR WBG 

WBG BUYS BELARUS 

WBG BUYS EGYPT 

WBG WANTS CENTRAL ASIA

 

Tags: WBG, EGYPT, GAS, PRICES

Chronicle:

WBG WANTS MORE EGYPT
2018, April, 18, 13:04:00

U.S. INDUSTRIAL PRODUCTION UP 0.5%

FRB - Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and gas extraction and in support activities for mining. The index for utilities jumped 3.0 percent after being suppressed in February by warmer-than-normal temperatures. At 107.2 percent of its 2012 average, total industrial production was 4.3 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector moved up 0.3 percentage point in March to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972–2017) average.

WBG WANTS MORE EGYPT
2018, April, 18, 13:02:00

KUWAIT'S INVESTMENT $113 BLN

AOG - Kuwait plans to invest $113bn over the next five years to enhance oil exploration and production activities both inside and outside the country

WBG WANTS MORE EGYPT
2018, April, 18, 13:00:00

ЦЕНА URALS: $ 65,80125

МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 марта по 14 апреля 2018 года составила $ 65,80125 за баррель, или $ 480,3 за тонну.

WBG WANTS MORE EGYPT
2018, April, 16, 09:50:00

OIL PRICE: NOT ABOVE $72

REUTERS - Oil prices slipped with Brent crude futures LCOc1 off 66 cents at $71.92 a barrel, while U.S. crude CLc1 fell 56 cents to $66.83 a barrel.

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