Kenya to cut budget deficit to 4.5%    Taiwan GDP surges on tech demand    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Egypt's El-Khatib: Govt. keen on boosting exports    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    Cabinet approves establishment of national medical tourism council to boost healthcare sector    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    49th Hassan II Trophy and 28th Lalla Meryem Cup Officially Launched in Morocco    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.



Egypt, WB review FDI, industrial development strategies
Published in Amwal Al Ghad on 03 - 09 - 2024

div class="content user-select-text" tabindex="0" aria-description="" aria-label="Sent by Copilot: **EU Allocates €1.3 Million to WHO Europe for Nurse Retention** The European Union has signed a €1.3 million agreement with the WHO Regional Office for Europe (WHO Europe) to help retain nurses and make the profession more attractive. Funded by the EU4Health programme, this 36-month initiative will focus on countries with significant nurse shortages. Stella Kyriakides, Commissioner for Health and Food Safety, highlighted the importance of nurses, stating, "Nurses are the backbone of our health systems and are critical in ensuring that patients receive high-quality, professional care when they need it." The funding will support recruitment action plans, mentoring programmes, workforce impact assessments, and training opportunities. These efforts aim to address structural shortages, improve nurse wellbeing, and leverage digital transformation in healthcare. The initiative will be tailored to national and sub-national needs through cooperation with Member States, nurses' organisations, and social partners. --- Would you like more details on any specific aspect of this initiative?"
div class="content user-select-text" tabindex="0" aria-description="" aria-label="Sent by Copilot: **Turkey Seeks BRICS Membership to Expand Global Influence** Turkey has formally applied to join the BRICS group of emerging-market nations, aiming to enhance its global influence and establish new ties beyond its traditional Western allies. President Recep Tayyip Erdogan's administration views the geopolitical center of gravity as shifting away from developed economies. This diplomatic push reflects Turkey's aspirations to cultivate relationships in a multipolar world while maintaining its commitments as a key NATO member. Frustrated by the lack of progress in its bid to join the European Union, Turkey submitted its BRICS application months ago. The move also stems from rifts with NATO members after Turkey maintained close ties with Russia following its 2022 invasion of Ukraine. Erdogan emphasized the importance of balancing relations with both the East and the West, stating, "Turkey can become a strong, prosperous, prestigious, and effective country if it improves its relations with the East and the West simultaneously." The BRICS group, which includes Brazil, Russia, India, China, and South Africa, recently expanded to include Iran, the UAE, Ethiopia, and Egypt. Further enlargement, potentially including Turkey, may be discussed at a summit in Kazan, Russia, from October 22-24. BRICS positions itself as an alternative to Western-dominated institutions like the World Bank and IMF, offering new members access to financing and broader political and trading relationships. Turkey believes BRICS membership could enhance economic cooperation with Russia and China and position it as a trade conduit between the EU and Asia. Despite this, Turkey continues efforts to rejuvenate EU membership talks, which remain a strategic target. Foreign Minister Hakan Fidan highlighted the importance of BRICS in diversifying global economic approaches and identities. --- Would you like more details on any specific aspect of Turkey's BRICS application or its broader diplomatic efforts?"
Egypt's Minister of Planning and Economic Development, Rania Al-Mashat, met on Monday with Stephen Jimbart, the World Bank's Regional Director for Egypt, Yemen, and Djibouti, and his team.
The meeting focused on advancing Egypt's strategy for foreign direct investment (FDI), industrial development, and trade enhancement.
Al-Mashat emphasised the government's commitment to boosting both domestic and foreign investments, with a particular focus on creating a clear vision for FDI and improving the investment environment in Egypt.
The discussion also covered the preparation of Egypt's industrial development strategy and trade enhancement in collaboration with international partners, including the UN Industrial Development Organisation and the German Development Cooperation Agency.
Additionally, the meeting addressed efforts to strengthen human capital investment through the "Bidaya" initiative, aimed at enhancing skills and building Egyptian human resources.
Furthermore, the Minister and World Bank officials discussed preparations for the COP29 climate conference and the implementation of recommendations from the Climate and Development Report (CCDR).
They reviewed ongoing projects such as InfraSAP, which supports green infrastructure investments, and the development of Sharm El-Sheikh Guide to Fair Finance.
The meeting concluded with a focus on policy financing to support structural reforms, enhance economic competitiveness, and advance green transformation.
Attribution: The Egyptian Cabinet
Subediting: M. S. Salama


Clic here to read the story from its source.