Although strong non-oil activities were achieved in Q2 in the region, recent data suggests that non-oil activities remained robust during that time. Volatility in the oil market, along with the ongoing oil cuts, has restrained MENA’s economic growth in the period. The demote witnessed in August’s MENA’s 2017 economic outlook reflects lower growth prospects for 8 of the 16 economies surveyed, including Qatar and Saudi Arabia. Analysts expect GDP to have expanded 3.5% in FY 2017, and forecast growth of 4.0% in FY 2018. FocusEconomics analysts forecast that total investment to have grown by 4.1% in FY 2017 and expect it to grow by 5.7% in FY 2018.
August 15, 2017 08:03 UTC
A new museum on the Partition of the Indian subcontinent opens this week, as the two South Asian giants mark seven decades as independent nations. “If you look at any other country in the world, they’ve all memorialized the experiences that have defined and shaped them. Yet this event that has so deeply shaped not only our subcontinent but millions of individuals who were impacted has had no museum or memorial 70 years later,” said Mallika Ahluwalia, CEO of the Partition Museum . An antique pocket watch that belonged to someone killed in mob violence in Pakistan. The personal experience led her to believe it was important to set up the museum, “especially as we saw that generation leaving us.”The fact that it will be India’s first Partition museum makes it even more crucial, she said.
August 15, 2017 07:18 UTC
The signing took place between Khaled Sedek, the executive director of the SDF, and Mohamed El Sheikh, the Secretary General of Cairo governorate on behalf of the governor. “The agreement’s extension aims to provide cash compensations to occupants of the Maspero Triangle area. The first portion would be worth EGP 200m, the second worth EGP 150m, and the third worth EGP 93.36m. Cairo governorate is committed to paying the available amount of funding from the fund to fulfill the purpose it was allocated for, while also committing to all financial laws and regulations. The governorate is also committed to settling all available funding installments from the fund based on the records of beneficiaries that are approved by concerned committees.
August 15, 2017 07:07 UTC
Egypt: Chinese firm to complete transmission network expansion in SeptemberIn North Africa, Chinese firm State Grid is gearing up to complete the construction of transmission lines spanning 800km in Egypt next month. According to sources with the Ministry of Electricity, the lines and electric cables implemented by the Chinese company are part of the country's network expansion plan, Daily News Egypt reported. Media noted that the ministry seeks to transfer the generated power without any interruptions or breakdowns and strengthen the national electricity network to accommodate loads. The electricity will later be transmitted across the remaining units next month,” Daily News Egypt reported. "The ministry has contracted on the establishment of 1,210kms of aerial lines of Ultra high voltage with the Chinese State Grid," Daily News Egypt noted.
August 15, 2017 06:45 UTC
OLX Egypt, the classifieds platform in Egypt, revealed the detailed property market trends report for the first half (H1) of 2017 (January to June 2017). The report exposes the opportunities in the real estate market, indicating optimistic insights for rent and purchases based on online user habits. Despite the economic downturn and a hike in inflation, over 5 million Egyptians used OLX Egypt monthly in H1 2017, with an average of 33 million visits recorded in the real estate section alone. According to the report, OLX identified that each user spends an average of 11 minutes browsing OLX Property in each visit and receives the first lead within 48 hours of a published listing. For the property section, the results show an overview of the performance of the property market relative to geographical locations and pricing categories during 2017.
August 15, 2017 06:00 UTC
Imports from #Rwanda only included plant products. He pointed out that the most important Egyptian items exported to #Chad included foodstuffs, engineering and medical goods, furniture, agricultural products, textiles and leather. As for Tanzania, Egyptian exports included foodstuff, chemical products, metals, stone products, cement, plastics, and wood and paper pastes, in addition to shoes, living animals, and visual equipment. Imports included wood, leathers and chemical products. Imports included steel and iron products only.
August 15, 2017 05:26 UTC
However, #Egypt has expressed concerns that the dam could negatively affect Egypt's share of the Nile. Abdel Aty added that cooperation between Egypt, Tanzania, and #Rwanda includes a great regional navigational project. Regarding bilateral cooperation between #Egypt and Tanzania, in 2009, #Egypt dug 30 wells in the Nile Basin country, in addition to the second round of the project, which included 70 wells. #Egypt also received several Rwandan ministers to attend regional and bilateral meetings. In February 2016, Gabonese President Ali Bongo Ondimba visited Egypt, saying that his country is interested in Egyptian investments in all fields.
August 15, 2017 05:26 UTC
The public agency that was responsible for black, smelly water being discharged into water below Niagara Falls says it’s hired an engineering firm to evaluate the discharge. The Niagara Falls Water Board said in a statement released Monday that it’s retained Los Angeles-based AECOM to analyze details leading to the July 29 discharge of black water from the public authority’s wastewater plant. The discharge turned the Niagara River near the base of the falls black on a sunny day when the area was crowded with tourists. Media coverage showed aerial images of the inky discharge clouding the American side of the river bank. State officials are investigating what led to the discharge, while Niagara County lawmakers are seeking a criminal investigation by several agencies.
August 15, 2017 04:07 UTC
One season ticket-holder, Bruce Olson, asked the commissioner whether players were going to continue to protest during the anthem and if anything could be done about it. “It’s one of those things where I think we have to understand that there are people that have different viewpoints,” Goodell said. Oakland Raiders running back Marshawn Lynch sat on a cooler during the anthem Saturday night on the field at University of Phoenix Stadium. Goodell, without mentioning any of the players, said other players are taking the platform they have into local communities to create dialogue toward positive change. “He (Goodell) makes rules and, ‘You do this, you do that,’ why can’t he just say ‘You stand up.
August 15, 2017 00:00 UTC
Britain says it might seek to remain in a customs union with the European Union for a time to avoid border chaos after leaving the bloc. The Department for Exiting the European Union said Tuesday that there could be “a temporary customs union between the UK and the EU.”And it said a future “customs partnership” could eliminate the need for a customs border between Britain and the EU. The question of whether there will be economic barriers with the EU after Brexit in March 2019 has been the subject of mixed signals from UK government ministers. The lack of clarity has created uncertainty for British businesses. The government is trying to rebuff claims before a new round of talks later this month that it is unprepared for Brexit negotiations.
August 14, 2017 23:03 UTC
London, for example, is a hub for food lovers, and the city has a lot to offer. The Internet is a treasure trove of feedback from local food enthusiasts and bloggers about various restaurants. Search for the regional optionsYou can find many best restaurants in London near Westminster serving local cuisine. Avoid the top tourist attractions in the cityIt is not necessary for the restaurants close to the best tourist destinations to have the best food. She used to post reviews and suggestion for the best restaurants in London near Westminster, and she also offers suggestions to the tourists.
August 14, 2017 21:00 UTC
Minister of Investment and International Cooperation Sahar Nasr and the chairperson of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone), General Mohab Mamish, agreed to undertake a tour to Singapore and Vietnam to promote the region’s economic projects in August. In addition to that, the two sides discussed arrangements for a joint tour involving Vietnam and Singapore in August to attract investors. Nevertheless, Nasr stressed that the new investment law includes a number of incentives and guarantees for investors wishing to invest in the SCZone. Moreover, she pointed out that the investment map will include all investment opportunities in this region to attract many investors to set up a number of projects that provide employment opportunities for young people. Mamish reviewed the developments of the projects and investment opportunities available and ways to overcome obstacles for investors.
August 14, 2017 20:26 UTC
Aiming to revive the Nubian language and promote its distinguished heritage and culture, Momen Taloush, a software programmer, released the first Nubian application, Nubi, that was downloaded by thousands of mobile users all over Egypt. As a Nubian programmer, he decided to make use of his expertise and use new technology to preserve the Nubian culture and convey it to Egyptians from different backgrounds. “On this application, you can find an easy way to write and read Nubian language with Arabic translation. Writing the Nubian language was a great revolution that helped protect the Nubian heritage that was on the verge of extinction. “We were surprised that the children loved the Nubian Avatars on the application and interacted with them.
August 14, 2017 18:56 UTC
Minister of Military Production Mohamed El Assar welcomed the chairperson of the Joint Chiefs of Staff of the Jordanian Armed Forces, Mahmoud Farihat, and a high-level delegation accompanying him to discuss aspects of joint cooperation between the two countries in the fields of military and civilian industries and manufacturing technology. According to El Assar, the Ministry of Military Production is interested in cooperating with the Jordanian side in various fields of industrialization, stressing on the importance of this meeting. It is considered an important step that contributes in strengthening the relations between the two countries through joint cooperation in the fields of manufacturing military and civilian products. He pointed out that the surplus productive capacities of these companies are exploited in the production of civilian products. Nevertheless, he stressed on the importance of the role played by Egypt to confront extremism and terrorism in the region.
August 14, 2017 18:45 UTC
We could very easily be inside one of the fantasy novels Suzy lugs around and reads aloud from. Anderson thus does what so many directors and authors shrink away from: he creates a work of art that does not run away from its artifice. He riddles the film with maps and trails, leaning into the fantasy motif. The pair are both troubled children on the verge of adolescence, who run away from homes that are confusing, frustrating, and alienating. Anderson’s film consists of perfectly crafted set-pieces that fit together and set the stage for a whimsical, poignant, curated fantasy for us to experience.
August 14, 2017 18:00 UTC