Egypt to prepare investment package for U.S. companies, says PM
The directive came during a meeting on Sunday to follow up on efforts to enhance Egypt-U.S. economic ties, according to a cabinet statement.
Madbouly stressed the government's interest in bolstering the strategic and historical ties between the two nations and its keenness to overcome any obstacles to joint cooperation. He noted that there are many promising opportunities available for American companies, given the significant incentives the Egyptian government offers to foreign investors.
The meeting was attended by the ministers of planning, foreign affairs, and investment, while the minister of industry and transport participated via video conference.
Minister of Industry and Transport, Kamel al-Wazir, reviewed investment opportunities that have been presented to U.S. companies in sectors including ports, maritime transport, and industrial zones.
Minister of Planning and Economic Cooperation, Rania Al-Mashat, discussed development cooperation with the United States, including projects funded through the U.S. Agency for International Development (USAID).
Foreign Minister Badr Abdel-Aty and Minister of Investment and Foreign Trade Hassan El-Khatib also reviewed their respective ministries' efforts to support bilateral ties, trade, and U.S. investment in Egypt.
At the conclusion of the meeting, Madbouly instructed all relevant authorities to coordinate on preparing the set of promising investment opportunities and to follow up on presenting them to American companies to enhance U.S. investments in Egypt.
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Egypt Independent
an hour ago
- Egypt Independent
Gabbard releases more Russia documents to accuse Obama of ‘manufacturing' intelligence
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The GOP report criticizes the assessment's inclusion of the infamous and discredited dossier written by British intelligence official Christopher Steele, which was paid for by the Clinton campaign and alleged coordination between Russia and the Trump campaign. A summary of the dossier was included as an annex in the January 2017 assessment, after CIA officials objected to including it in the report itself. The intelligence analysts who prepared the report told the Senate Intelligence Committee the dossier played no role in the analysis of Russia's interference. Special counsel John Durham, who was appointed by then-Attorney General Bill Barr during Trump's first term, spent four years investigating a wide range of topics, including potential wrongdoing by the FBI and intelligence community during the 2016 post-election period. He never accused any US officials of any crimes related to the 2017 intelligence assessment. This story has been updated with additional details. CNN's Piper Hudspeth Blackburn contributed to this report.
Egypt Independent
an hour ago
- Egypt Independent
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See - Sada Elbalad
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US Allows Chevron to Resume Oil Operations in Venezuela
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