UK parliament suspension not a matter for judges, PM Johnson's lawyer tells Supreme Court    Fire in Liberia school kills at least 27 children    BREAKING: Saudi says Iranian sponsorship of attack undeniable, displays arms    Neuer considering Germany retirement after Euro 2020    Spain braces for its fourth election in four years    Danone Nations, DECATHLON launch series of initiatives, creating change    Fed expected to cut rates again, second time in a decade    Live score: Paris Saint-Germain v Real Madrid (UEFA Champions League)    Russia, China conduct massive military drills, sending a message to the West    Huawei will invest $1.5 billion in its developer program    I deserve more Ballon d'Or awards than Messi, says Ronaldo    World at risk of pandemics that could kill millions    Mint, menthol e-cigarette liquids high in cancer-causing compound    Perils of gender and geography hamper global development    Saudi markets rise as oil supply disruption eases    Gold climbs as investors await Fed policy decision    Saudi Arabia says full production restored within the month    'Egypt will not allow any country to impose its will on another in Ethiopian dam issue,' FM says    Egypt's new listing amendments mandate more women on boards    Egypt, Ethiopia at odds as talks over Blue Nile dam resume    5 plant-based soup recipes to warm your body and soul    Egypt's Ahly to train for Super Cup game against Zamalek immediately    US waiting and watching on oil reserve, market well supplied: Perry    FTSE 100 steadies after Saudi attacks; Sirius Minerals plummets    Egypt says GERD talks with Ethiopia 'stumbled', next round in Khartoum in October    Tutankhamun Opera to debut with inauguration of Grand Egyptian Museum: Zahi Hawass    Egyptian transport start-up Swvl plans IPO in 5-10 years    Egypt court sentence 6 to death for joining terrorist group, manufacturing explosives; 8 acquitted    'Al-Daheeh' host Ahmed El-Ghandour shortlisted for IBC's first 'Young Pioneer' award    Egypt's Zamalek suffer surprise 2-1 defeat at Senegal's Generation Foot    Egypt's Sisi discusses education, terrorism at national youth conference    Sisi to open 8th edition of the National Youth Conference Saturday    Spotify buys music production marketplace SoundBetter    Egypt's PM discusses details of Al-Hussein Mosque renovation    Egypt's Baron Empain Palace to be reopen after renovation    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Cairo's historic Tahrir square to be renovated – PM    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

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

Economic agenda dominates Al-Sisi's first day in Washington
Egyptian ministers praise the meetings as successful
Published in Daily News Egypt on 03 - 04 - 2017

Economic meetings were at the top of the list of activities on President Abdel Fattah Al-Sisi's first day in Washington. He met with the president of the World Bank, Jim Yong Kim, and executive directors of the General Electric (GE) conglomerate.
The economic meetings preceded Al-Sisi's meetings with US president Donald Trump, congress members, and US secretaries.
Al-Sisi's and Kim's meeting included reviews and discussions on Egypt's top economic issues. Egypt is currently facing a number of economic challenges due to the implementation of its national reform programme.
Al-Sisi said that the country's national economic reform programme resulted in an increase in foreign exchange reserves and in more Egyptian exports, along with the rationalisation of imports. Kim praised these results, expressing his confidence in the reform plan as well as development projects in Egypt.
Kim also asserted that the results included improvements for the business climate in Egypt.
He confirmed the World Bank's keenness to continue the implementation of cooperation programmes with Egypt and to develop frameworks of consultation and coordination between the two sides.
Regarding the World Bank's role, Al-Sisi expressed his appreciation for the efforts in supporting Egypt at various levels, explaining that the World Bank has supported the implementation of development projects and supported and provided technical assistance to the private sector.
Egypt views the World Bank as a strategic development partner, Al-Sisi asserted.
Al-Sisi affirmed that "Egypt is resolved to continue the implementation of its reform programme and to achieve the targeted growth rates, in tandem with the expansion of social safety nets."
In addition to that, he spoke about the adoption of more administrative and legislative reforms in order to improve the business and investment climate and enhance Egypt's rating in reports issues by the bank for these fields.
Kim mentioned that he believes Egypt will continue to implement the economic reform programme, stressing that the World Bank, through its various institutions, hopes to help Egypt realise the economic growth to which it aspires.
The meeting also addressed ways to strengthen cooperation between Egypt and the World Bank.
Concerning Al-Sisi's meeting with directors of GE, the president emphasised Egypt's keenness to work and cooperate with US companies in various fields, pointing out that GE has much experience and a good reputation in the Egyptian market.
The president reviewed the legislative and administrative measures taken by the government in order to provide an attractive environment for investment, stressing the government is working to remove all obstacles for investors and attract more investments in various sectors.
From his side, CEO of GE Jeffrey Immelt expressed the company's aspiration to increase its activity in Egypt, especially in light of the promising opportunities in a number of sectors. He praised the economic reform measures taken by Egypt and its contribution to enhancing the business environment and improving the outlook of the Egyptian economy.
Minister of Industry and Trade Tarek Kabil praised the meeting with the World Bank during a televised interview, saying the bank and the government are looking forward to more cooperation to help Egypt.
He added that the US policies related to trade and imports are more closed, explaining that negotiating about signing free trade agreements would currently be difficult. On the other hand, both governments are likely to discuss the Trade Investment Facilitation Agreement (TIFA), which could lead to a free trade agreement in the future.
Minister of Finance Amr El-Garhy also praised Al-Sisi's meeting during a televised interview.
Furthermore, Minister of Investment and International Cooperation Sahar Nasr stated that the government wants to benefit from American investors who are willing to enter the market.

Clic here to read the story from its source.