Egypt joins Geneva negotiations on Global Plastics Treaty, calls for urgent agreement    Egypt delivers over 30 million health services through public hospitals in H1 2025    Madinet Masr in talks for three land plots in Riyadh as part of Saudi expansion    Egypt's PM tells Palestinian PM that Rafah crossing is working 24/7 for aid    Egypt, Japan discuss economic ties, preparations for TICAD conference    Real Estate Developers urge flexible land pricing, streamlined licensing, and dollar-based transactions    Egypt's Sisi pledges full state support for telecoms, tech investment    EGP inches down vs. USD at Sunday's trading close    EGX launches 1st phone app    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    After Putin summit, Trump says peace deal is best way to end Ukraine war    Egypt, Namibia explore closer pharmaceutical cooperation    Jordan condemns Israeli PM remarks on 'Greater Israel'    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    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, 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    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.



Egypt, France 2014 Trade Exchange Valued At $2.6m
Published in Amwal Al Ghad on 17 - 06 - 2015

Egypt and France's trade exchange was equivalent to approximately $2.6m in 2014, according to a Ministry of International Cooperation statement.
The volume of France's investments in Egypt on the other hand stands at about €7bn.
These statistics were reviewed during a meeting held in Cairo between Minister of International Cooperation Nagla Al-Ahwani, and a delegation of about 30 French companies' representatives. Also in attendance was MEDEF International, a French organisation that helps French companies succeed as they expand globally.
During the meeting, Al-Ahwani reviewed the economic and community reforms being undertaken by the Egyptian government, and the plan for attracting foreign investments into the country. Priority was also given to the current required projects, in the fields of energy, transportation, petroleum, and communications, amongst others.
In May 2015, Prime Minister Ibrahim Mehleb visited France at the head of a high-level ministerial delegation upon the invitation of French President Francois Hollande. The purpose of Mehleb's visit to France was to discuss cooperation between Egypt and France.
The visit included meetings with major French companies and investors, scheduled to tackle economic issues. The Egyptian ministers also held joint sessions of bilateral talks with their French counterparts.
During the visit, a joint declaration for the development of the Alexandria tram was signed. An executive agreement was also signed for the development of the third phase of the industrial pollution control project.
Egypt has strong economic ties with the French government and the French Agency for Development (AFD), as they have aided Egypt in a number of projects.
AFD has supported projects in Egypt with approximately €800m, €796 of which were in the form of loans, while €4.7m were in grants.
Furthermore, in December 2014, Al-Ahwani signed a €7.15m agreement with the French Ambassador to Egypt Andre Baran to fund replacing navigation systems at Taba International Airport.
The €7.15m is a loan from the French treasury, and is scheduled to be repaid in 20 years, with a six year grace period and 0.17% interest.

Source: Daily News Egypt


Clic here to read the story from its source.