Egypt lands Coral Bridge submarine cable, establishing first direct digital link with Jordan in 25 years    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year    Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    After Putin summit, Trump says peace deal is best way to end Ukraine war    China's Jiangsu Zhengyong to build $85m factory in Egypt's Ain Sokhna: SCZONE    Egypt condemns Israeli plan to build 3,400 settler homes in West Bank    Egyptian pound ticks up vs. US dollar at Thursday's close    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Egypt, Namibia explore closer pharmaceutical cooperation    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    27 Western countries issue joint call for unimpeded aid access to Gaza    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Korean Cultural Centre in Cairo launches folk painting workshop    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    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    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.



EU Pledges More Investments in Egypt After Transitional Period
Published in Amwal Al Ghad on 12 - 11 - 2013

James Moran, Ambassador of the European Union to Cairo said the EU is awaiting the end of Egypt's transitional period to offer more economic support.
Speaking during his keynote speech at Euromoney's 19th Annual Conference held in Cairo on Monday, Moran added the EU is monitoring developments as regards Egypt's democratic process so as to offer an economic aid package for the ailing economy.
The EU had suspended its aid program to Egypt following the military-led ouster of Islamist president Mohamed Morsi last July.
According to Moran, a new government will be elected over the coming months and a vote on the constitution will be made in Egypt, which will likely revive the country's economy.
Legal certainty is required for investment, Moran said, adding "get politics right and business will follow".
Moran had also praised the efforts exerted by Dr. Hazem el-Beblawi's interim government to restore the investors' confidence in the Egyptian market, stressing the necessity to adopt clear vision and solutions to the pending investments disputes.
The ambassador expected an increase in the number of European investors in Egypt next year. He stressed the EU's keenness on Egypt's stability and progress, as it sees Egypt as a long term partner. Moran also said the EU is working with Egypt's energy ministry on new energy strategies.


Clic here to read the story from its source.