Latest news with #EconomicDevelopment
Cision Canada
14 hours ago
- Business
- Cision Canada
/R E P E A T -- Media advisory - Minister Joly to participate in a site visit at Algoma Steel/ Français
SAULT STE. MARIE, ON, July 25, 2025 /CNW/ - The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, will be participating in a site visit at Algoma Steel. Date: Monday, July 28, 2025 Time: 9:00 a.m. (ET) tour Location: Sault Ste. Marie, Ontario Members of the media are asked to contact ISED Media Relations at [email protected] to receive event location details and confirm their attendance. Stay connected Find more services and information on the Innovation, Science and Economic Development Canada website. Follow Innovation, Science and Economic Development Canada on social media. SOURCE Innovation, Science and Economic Development Canada
Daily News Egypt
a day ago
- Business
- Daily News Egypt
Egypt, UK deepen economic, development ties ahead of Madbouly's visit to London
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, held talks with UK Minister of State for International Development, Baroness Jenny Chapman, on the sidelines of the G20 Development Ministers' Meeting in South Africa. The meeting focused on advancing bilateral cooperation in trade, investment, and global development reform ahead of the upcoming visit by Egyptian Prime Minister Mostafa Madbouly to the UK. Both officials underscored the strategic significance of the visit, describing it as a pivotal step toward transforming Egyptian-British relations into a deeper partnership. The visit also aligns with Egypt's broader push to strengthen ties with the European Union. Discussions centered on reforming global financial systems to make them more inclusive and accessible for developing countries. The ministers stressed the urgency of implementing international recommendations for greater transparency in financing and called for reforms to the UN's development frameworks to ensure stronger national ownership and coordination. Al-Mashat highlighted Egypt's expanding collaboration with the UK in key areas such as food security, entrepreneurship, and SME development. She noted that the UK remains one of Egypt's top foreign investors, with significant engagement in energy, telecommunications, pharmaceuticals, and consumer goods. The meeting also reviewed the role of key British financial institutions—including the World Bank, UK Export Finance (UKEF), and British International Investment (BII)—in supporting Egypt's development priorities. BII, which considers Egypt a key market, is actively investing in areas like renewable energy and infrastructure. The ministers acknowledged the contribution of the British-Egyptian Business Association (BEBA) and the Egyptian-British Chamber of Commerce (EBCC) in fostering stronger commercial links. Al-Mashat outlined the forthcoming launch of Egypt's 'National Narrative for Economic Development,' a strategic initiative aimed at accelerating structural reforms, boosting industrial output, and attracting foreign direct investment. She emphasized that economic measures introduced since March 2024 have stabilized the macroeconomic environment and improved investor confidence. Climate cooperation was also a major theme, with discussions on Egypt's NWFE (Nexus of Water, Food, and Energy) platform and BII's role in financing green hydrogen and clean energy projects. The UK's support for global climate funds—including the Climate Investment Funds (CIF) and the Green Climate Fund (GCF)—was noted, along with the joint 'Green Growth: Egypt–UK' initiative, which continues through COP30. Baroness Chapman reaffirmed the UK's commitment to its partnership with Egypt, praising Cairo's historical and humanitarian leadership—particularly its role in supporting Gaza. She also reiterated the UK's call for a sustainable ceasefire to ensure unimpeded humanitarian aid. The meeting concluded with a shared commitment to deepening economic and development cooperation and advocating for global financial reforms that empower developing countries.
Cision Canada
3 days ago
- Business
- Cision Canada
Media advisory - Minister Joly to participate in a site visit at Algoma Steel Français
SAULT STE. MARIE, ON, July 25, 2025 /CNW/ - The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, will be participating in a site visit at Algoma Steel. Date: Monday, July 28, 2025 Time: 9:00 a.m. (ET) tour Location: Sault Ste. Marie, Ontario Members of the media are asked to contact ISED Media Relations at [email protected] to receive event location details and confirm their attendance. Stay connected Find more services and information on the Innovation, Science and Economic Development Canada website. Follow Innovation, Science and Economic Development Canada on social media. SOURCE Innovation, Science and Economic Development Canada
Scoop
5 days ago
- Business
- Scoop
Have Your Say On The Patents Amendment Bill
The Economic Development, Science and Innovation Committee is calling for submissions on the Patents Amendment Bill. The bill would amend the Patents Act 2013 by applying stricter criteria for the grant of divisional applications filed under the Patents Act 1953. Currently, applications filed before the 2013 Act came into force (and any applications relating to them, known as divisional applications) are considered under the 1953 Act. However, the 1953 Act's criteria for examining patent applications are of a lower standard than those of the 2013 Act. The objective of the bill is to adjust the 2013 Act so that applications currently considered under the 1953 Act would be examined in broadly the same way as 2013 Act applications. Tell the Economic Development, Science and Innovation Committee what you think Make a submission on the bill by 11.59pm on 4 September 2025. For more details about the bill:
CairoScene
6 days ago
- Business
- CairoScene
EUR 100 Million Debt Swap With Germany to Fund Projects in Egypt
The total volume of German debt allocated for conversion now exceeds EUR 340 million, with key focus areas including healthcare, vocational education, and climate-oriented initiatives. Jul 23, 2025 Egypt is moving forward with the second phase of its debt swap agreement with Germany, converting EUR 100 million into development investments. Half of the amount is set to be channelled into projects by the end of this year, with the remainder to follow by June 2026. The update was shared by Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat, who noted that the total volume of German debt allocated for conversion now exceeds EUR 340 million, with key focus areas including healthcare, vocational education, and climate-oriented initiatives. The debt swap programme is structured so that project ownership remains entirely with Egypt, and each initiative is selected to match national development priorities. German-Egyptian cooperation spans beyond this programme, with Germany maintaining investment and trade links that include more than 1,400 German companies active in the country and bilateral trade exceeding EUR 7 billion. Debt swaps, used globally, allow countries to redirect foreign debt payments into domestic investments, often in partnership with donor governments. Egypt and Germany have maintained similar agreements since the early 2000s.
