Spinneys Ninth Annual Celebration Honoring Egypt's Brightest Graduates    Egypt, Japan in talks to boost joint manufacturing, technology transfer    Egypt exports 170K tons of food in one week: NFSA    Egyptian pound starts week steady vs. US dollar    Al-Sisi, Türkiye's FM discuss boosting ties, regional issues    Russia warns of efforts to disrupt Trump-Putin summit on Ukraine    Rift between Netanyahu and military deepens over Gaza strategy    MIDBANK extends EGP 1bn credit facilities to Raya Information Technology    United Bank contributes EGP 600m to syndicated loan worth EGP 6.2bn for Mountain View project    Madbouly says Egypt, Sudan 'one body,' vows continued support    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt signs vaccine production agreement with UAE's Al Qalaa, China's Red Flag    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt to open Grand Egyptian Museum on Nov. 1: PM    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt, Philippines explore deeper pharmaceutical cooperation    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Egypt, Malawi explore pharmaceutical cooperation, export opportunities    Egypt's Foreign Minister discusses Nile water security with Ugandan president    Egypt, Cuba explore expanded cooperation in pharmaceuticals, vaccine technology    Egyptians vote in two-day Senate election with key list unopposed    Korean Cultural Centre in Cairo launches folk painting workshop    Egyptian Journalist Mohamed Abdel Galil Joins Golden Globe Voting Committee    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sharm El-Sheikh to host 2012 IMF/World Bank meetings
In an official government statement on Tuesday, the ministry of finance announced that the 2012 IMF/World Bank Annual Meetings would be hosted in Sharm El-Sheikh
Ahram Online Published in Ahram Online on 14 - 12 - 2010

The Egyptian government officially announced the selection of the city of Sharm El-Sheikh as hosts of the 2012 International Monetary Fund (IMF)/World Bank Annual Meetings, according to a press release by the Ministry of Finance.
The conference will take place at the Sharm El-Sheikh International Convention Centre from 12-14 October 2012.
"The 2012 IMF/World Bank Meetings in Sharm El-Sheikh are held in partnership with the Government of Egypt and are considered the biggest and most important official gathering of economic decision-makers worldwide: including finance ministers, central bank governors and other senior policymakers", said Youssef Boutros-Ghali, the Minister of Finance.
"With more than 15,000 participants attending these meetings, it is an excellent opportunity to highlight the capability of an international conference city like Sharm El-Sheikh to host such an event", added Ghali.
The "City of Peace" has played host to a number of important conferences before, such as the 1996 Peace Making Summit and more recently the World Economic Forum in 2008 which was attended by thousands of delegates and many heads of state.
The seaside resort-city has the indispensable ability to accommodate both conference delegates and tourists, having built and developed an international airport to serve both purposes. Sharm El-Sheikh International Airport has been expanded to receive big aircraft and the steady increase flights; it now has facilities which can handle traffic of more than 1,200 passengers per hour. Additionally, the port of Sharm El-Sheikh can, at present, harbour various types of vessels.
At the annual meetings, the Board of Governors of the IMF and World Bank Group meet to discuss the work of their respective institutions. Some important ministerial meetings are held on the margins of these annual gatherings, including the G-20, which comprises the major industrial countries and emerging market economies in the world and the G-24, which encompasses emerging markets including Egypt and some developing countries. A number of seminars and forums are held during the annual meetings on topical economic and financial issues within the public and private sectors.

Clic here to read the story from its source.