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Daily Archives: March 19, 2017

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Kuwait fund inks 2 loan agreements with Egypt

Cairo – A grant agreement was signed today in Cairo between the government of the Arab Republic of Egypt and the Kuwait Fund for Arab Economic Development, whereby the Kuwait fund provide a grant in the amount of one hundred thousand Kuwaiti Dinars (KD 100,000), (equivalent to five million Egyptian Pounds) to begin the implementation of the pilot Project Utilizing Organic & Bio Farming Technology in Oil-Crops in Northern Sinai Governorate.

The agreement was signed on behalf of the government of Egypt by Her Excellency Dr Sahar Ahmed Mohammed Abdul- Moniem Nasr, the Minister of Investment and International Cooperation, and on behalf of Kuwait Fund for Arab Economic Development by Abdulwahab Ahmed Al- Bader, Director-General of the Fund. The project aims to improve farmers’ income level, and finding new marketing outlets, and increase the country’s revenue from the agricultural national income, by increasing exports of oil crops, so as to contribute to the North Sinai development.

The project will be implemented in East Qantara Research Station (188 hectares) and Research Station Baloza (200 hectares) on a tributary of the Al-Salam Canal in northern Sinai, a subsidiary of the Egyptian Desert Research Center.

It is worth mentioning that the number of development finance extended by the fund to Egypt are 43 loans with a total amount of about KD 815 million equivalent to about $2.77 billion to finance projects in various sectors.

Also, a loan agreements was signed today in Cairo between the government of Egypt and Kuwait fund for Arab Economic Development whereby, the Fund will make a second loan of Kuwaiti Dinars 18.5 million (equivalent to about $55 Million) to assist in financing the Construction of a Sea Water Desalination Plant Project for Eastern Port Said City.

Furthermore, it is worth mentioning that in extending its loans and developmental assistance, Kuwait Fund depends exclusively on its own resources. The agreement was signed on behalf of the government of Egypt by Her Excellency Dr Sahar Ahmed Mohammed Abdul- Moniem Nasr, the Minister of Investment and International Cooperation, and on behalf of Kuwait Fund for Arab Economic Development by Abdulwahab Ahmed Al- Bader, Director-General of the Fund.

Demand
The project aims at meeting the expected demand for potable water, whether for drinking or commercial and industrial uses, in the new Eastern Port Said City which is currently under construction. The project involves the construction of a sea water desalination plant with a production capacity of 150,000 cubic meters per day, using the technology of reverse osmosis, together with structures for the intake of sea water and disposal of used water designed for a plant of a capacity of 250,000 cubic meters per day to take account of future expansion in the production capacity of the desalination plant.

The project includes all civil works required for the desalination plant and the construction of the networks for transmission and distribution of water, with a total length of about 700 kms, as well as the storage tanks required for the said networks, fittings, measurement and control equipment, all electrical and mechanical works required for the operation of the desalination plant.

The project is expected to be completed by the end of 2019. The loan represents the 44th loan made by Kuwait fund for the financing of projects in Egypt, as the fund has previously made 43 loans to the government of Egypt or to entities which are subordinate to it, to finance projects in various sectors, with a total amount of about Kuwaiti Dinars 815 million (equivalent to about $2.77 billion).

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CPM issues statement slamming BJP on making Yogi Adityanath UP CM – Yahoo News


Firstpost

CPM issues statement slamming BJP on making Yogi Adityanath UP CM
Yahoo News
New Delhi [India], Mar. 19 (ANI): The Communist Party of India (Marxist) (CPM) on Sunday issued a notice stating the appointment of firebrand leader Yogi Adityanath as the Chief Minister of Uttar Pradesh was a shocking decision by the Bharatiya Janata …
Yogi Adityanath is Uttar Pradesh CM: All you need to know about the fiery priest-turned-politicianFirstpost
Adityanath Selection Exposes Limits Of Modi's PowerNDTV
Yogi Adityanath takes oath as Uttar Pradesh Chief MinisterThe Hindu
India Today –Financial Express –News18 –Times of India
all 864 news articles »

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Indian engineer named Saddam Hussain cannot get a job

The marine engineer has been turned down more than 40 times and went to court to change his name.

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Kieron Pollard, Sunil Narine, Lendl Simmons, Samuel Badree included in Windies T20I squad for Pakistan

Pakistan have already announced their touring contingent for the limited-overs series following a week-long training camp at the National Cricket Academy in Lahore.

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Egypt strategic ally of Iraq: Al-Hakim

Baghdad – Leader of the National Iraqi Alliance Ammar al-Hakim has called Egypt a strategic ally of Iraq.
Baghdad is keen on building economic partnership with Cairo, Hakim said in an interview with Extra News Channel.
He made it clear that terrorism is a combined phenomenon and cannot possibly be narrowed down to just one element. Extremism is yet another big threat to Islam in particular, Hakim said.
Talking about the conflict in his country, he said it has to some extent taken a sectarian turn, noting that terrorists have been acting to foment this tension. 
According to Hakim, a national settlement is the optimal solution to a post-Daesh stage. Iraq is against any foreign interference in its domestic affairs, he stressed.

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Egypt, Poland seek boosting economic, cultural cooperation

Warsaw – Trade Minister Tarek Qabil had talks with Polish Deputy Premier and Minister of Culture Piotr Glinski on means of promoting cooperation in the economic and cultural domains.
In a statement issued by the Trade and Industry Ministry on Saturday 18/03/2017, Qabil said the talks tackled means of re-operating a direct Cairo-Warsaw air route, a step that would boost trade and economic cooperation and increase tourism.
Glinski said Egypt is a key state in the Middle East and Africa and it plays a vital role in realizing regional stability. He underlined the importance of enhancing economic ties with Egypt.
As for cultural ties, Glinski said this year marked the 80th anniversary of the Polish archaeological mission in Egypt. He noted that the Egyptian-Polish cultural ties would be given momentum in the coming period.

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Vatican Pope to visit Egypt by the end of April

Cairo – Vatican Pope Francis will embark on an official visit to Egypt by the end of April at an invitation from President Abdel Fattah El Sisi.

The pope will visit the Azhar Sheikhdom for talks with Grand Imam Sheikh Ahmed Tayyeb, Presidential Spokesman Alaa Youssef said.
The Vatican pope will also visit Saint Mark’s Cathedral for talks with Pope Tawadros II of Alexandria and Patriarch of Saint Mark Diocese, the spokesman said.
Youssef said Egypt welcomes the Vatican pope’s visit which will send a message of peace, entrench the values of forgiveness and dialogue and renounce terror and fanaticism.

The spokesman said the president highly appreciates the pope and his courageous stances vis-à-vis international issues.
He added that the president welcomes the pope’s visit to Egypt on the 70th anniversary of establishing the Egyptian-Vatican diplomatic ties.

Last month, the Vatican’s point man on Muslim relations, Cardinal Jean-Louis Tauran, participated in a conference at Al-Azhar focused on how Muslim and Catholic leaders can work to counter fanaticism, extremism and violence in the name of religion.

Al-Azhar’s grand imam has a reputation as a moderate who seeks better relations and understanding with the Roman Catholic Church. He frequently meets with Tawadros and leaders of the smaller Egyptian church denominations.

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Police say man shot wife to death in grocery store parking lot

Police are investigating a fatal shooting outside a grocery store in a suburb northeast of Atlanta. WSB-TV reports Barrow County Sheriff Jud Smith says the shooting happened Saturday around 5:20 p.m. in the parking lot of an Ingles grocery store in Auburn. According to the Georgia Bureau of Investigation, a 911 call came from the […]

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Ex-‘Most Interesting Man’ helped judge beard contest

MONTPELIER, Vt. –  The man who once helped pitch Dos Equis beer as the “most interesting man in the world” turned his attention from his favorite beer to his favorite beard by judging a Saturday competition called Vermont Beardies. Actor Jonathan Goldsmith, who lives in Manchester and sports a closely cropped white beard that he […]

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‘FUTURE RELATIONSHIP’ Tillerson: Trump places ‘high value’ on China talks

Secretary of State Rex Tillerson ended his first trip to Asia Sunday by saying that the United States is looking forward to the first meeting between President Donald Trump and Chinese President Xi Jinping. Tillerson said in talks with Xi in Beijing that Trump places a “very high value” on communications with the Chinese president. […]