Latest news with #PlanningandInternationalCooperation
See - Sada Elbalad
4 days ago
- Business
- See - Sada Elbalad
Palestinian PM, UNDP Discuss Emergency Relief Efforts in Gaza and West Bank
By Ahmad El-Assasy Palestinian Prime Minister Mohammad Mustafa met with the newly appointed UNDP Special Representative in Palestine, Jaco Cilliers, to discuss ongoing relief efforts and emergency response coordination in Gaza, amid worsening humanitarian conditions. The meeting was also attended by Minister of Planning and International Cooperation, Stephane Salameh, and Minister of Social Development, Samah Hamad. According to WAFA News Agency, the discussions focused on strengthening joint work with international relief organizations operating in Gaza, and improving coordination through the government's central operations room overseeing emergency response. Prime Minister Mustafa emphasized the critical role of the United Nations Development Programme (UNDP) in supporting the Palestinian people, contributing to national development, and enhancing the capacity of state institutions through institutional reform and infrastructure support. Urgent Appeal to Open Crossings into Gaza Mustafa stressed the urgent need to intensify international pressure to fully open Gaza's crossings to allow the entry of life-saving aid, warning of a deepening famine affecting hundreds of thousands of Palestinians in the besieged enclave. He called for coordinated relief and emergency interventions, not only in Gaza but also in response to escalating violence in the West Bank, particularly the northern areas where Israeli forces and settlers have launched repeated raids, demolished refugee camps, and destroyed critical infrastructure. The Prime Minister also emphasized the importance of supporting families affected by ongoing settler attacks and military operations, especially in Jerusalem and other vulnerable parts of the West Bank. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Arts & Culture "Jurassic World Rebirth" Gets Streaming Date Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Sports Get to Know 2025 WWE Evolution Results News Flights suspended at Port Sudan Airport after Drone Attacks
Daily News Egypt
7 days ago
- Business
- Daily News Egypt
Egypt considers launching national platform to mobilise green financing for private-sector industrial transformation
Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has met with Minister of Planning and International Cooperation, Rania Al-Mashat, to coordinate efforts to prepare Egypt's industrial sector for the European Union's Carbon Border Adjustment Mechanism (CBAM) and advance green transformation. The meeting focused on ongoing cooperation for low-emission industry programmes, particularly the Green Sustainable Industries (GSI) initiative, and collaboration with the European Bank for Reconstruction and Development (EBRD) under the NWFE platform. Discussions also explored a proposal to establish a new national platform—modelled after NWFE—to mobilise concessional financing and international grants to support private-sector green industrial projects centred on decarbonisation, energy efficiency, and clean technologies. In addition, the ministers discussed opportunities for Egypt to benefit from the Green Climate Fund's (GCF) High Impact Programme for the Private Sector, a flagship initiative managed by the EBRD. The programme aims to help private-sector projects in developing countries reduce industrial emissions and accelerate the transition to a green economy through a mix of grants, concessional loans, and innovative financing instruments. The initiative aligns closely with Egypt's National Climate Change Strategy 2050 and its Nationally Determined Contributions (NDCs), while placing no direct financial burden on the state budget. It represents a key potential route to finance the decarbonisation of Egyptian factories and help them meet emerging global environmental standards. To advance these efforts, Al-Wazir directed the formation of a joint technical committee—including representatives from the Ministries of Industry and Transport—to coordinate directly with the Ministry of Planning and International Cooperation. This committee will oversee the implementation of priority projects, ensure alignment with international financing platforms, and enhance the readiness of Egypt's industrial sector for new environmental requirements. Al-Wazir also stressed the importance of coordinating with the Egyptian Ministry of Foreign Affairs and other national institutions to engage in voluntary carbon credit systems, supporting Egypt's shift to low-emission industry ahead of CBAM enforcement. He reaffirmed the government's commitment to helping factories transition to green production through partnerships with development partners and other ministries. For her part, Minister of Planning and Economic Development Rania Al-Mashat reviewed recent progress in Egypt's international partnerships supporting industrial development. She highlighted that the non-oil manufacturing sector has led GDP growth since the March 2024 economic reforms, posting growth rates of 7.1%, 17.7%, and 16.3% across the first three quarters of FY 2024/2025 and contributing 1.9% to GDP growth in Q3 alone. Al-Mashat emphasised the government's focus on strengthening the manufacturing sector to boost exports and expand tradable industries. The ministry is working closely with international development partners to secure technical support, grants, and concessional financing to reduce carbon emissions and accelerate industrial transformation. She noted the GSI programme, which provides approximately €271m (around EGP 16bn)—including EGP 1.2bn in grants—to promote pollution reduction, renewable energy use, and sustainable industrial practices. She also pointed to ongoing cooperation with the Green Climate Fund to access concessional finance for private-sector projects, reinforcing Egypt's role as a strategic green energy partner to the EU. Additionally, Al-Mashat highlighted Egypt's selection among seven countries to participate in the Climate Investment Funds' (CIF) Industrial Decarbonization Program, which offers nearly $1bn in concessional finance for the private industrial sector. Egypt is currently in discussions to determine the size of its share. Al-Mashat reaffirmed continued coordination with the Ministry of Industry to leverage international partnerships that empower private industry, cut carbon emissions, and boost export competitiveness—particularly in accessing European and global markets.
Mid East Info
12-07-2025
- Business
- Mid East Info
UAE and Chad Discuss Ways to Strengthen Cooperation in Financial Sector - Middle East Business News and Information
His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has received H.E Tahir Hamid Nguilin, Chad's Minister of Finance, Budget, Economy, Planning and International Cooperation, to discuss ways to strengthen cooperation in financial sector. Held at the Ministry of Finance offices in Dubai, the meeting brought together several senior Chadian officials, including H.E. Guibolo Fanga Mathieu, Minister of Trade and Industry; H.E. Fatima Goukouni Weddey, Minister of Transport, Civil Aviation, and National Meteorology; H.E. Fatime Aldjineh Garfa, Minister Delegate to the Ministry of Foreign Affairs; and Oumar Teguen Idibei Berde, Ambassador of the Republic of Chad to the UAE. The two sides explored ways to enhance institutional partnerships and activate financial cooperation mechanisms. H.E Al Hussaini reaffirmed that the UAE is committed to strengthening financial collaboration with friendly nations. 'Exchanging technical knowledge and investing in capacity building are essential to raising the efficiency of government financial systems and achieving long-term fiscal sustainability,' he said. The meeting concluded with a mutual agreement on the importance of sustained coordination and communication between the two countries. Both sides underscored their shared interest in deepening bilateral cooperation and exchanging best practices to support national development priorities.
Al Etihad
10-07-2025
- Business
- Al Etihad
UAE, Chad discuss ways to strengthen cooperation in financial sector
10 July 2025 18:48 DUBAI (WAM)Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has received Tahir Hamid Nguilin, Chad's Minister of Finance, Budget, Economy, Planning and International Cooperation, to discuss ways to strengthen cooperation in financial at the Ministry of Finance offices in Dubai, the meeting brought together several senior Chadian officials, including Guibolo Fanga Mathieu, Minister of Trade and Industry; Fatima Goukouni Weddey, Minister of Transport, Civil Aviation, and National Meteorology; Fatime Aldjineh Garfa, Minister Delegate to the Ministry of Foreign Affairs; and Oumar Teguen Idibei Berde, Ambassador of the Republic of Chad to the two sides explored ways to enhance institutional partnerships and activate financial cooperation Hussaini reaffirmed that the UAE is committed to strengthening financial collaboration with friendly nations. 'Exchanging technical knowledge and investing in capacity building are essential to raising the efficiency of government financial systems and achieving long-term fiscal sustainability,' he meeting concluded with a mutual agreement on the importance of sustained coordination and communication between the two countries. Both sides underscored their shared interest in deepening bilateral cooperation and exchanging best practices to support national development priorities.
Daily News Egypt
28-06-2025
- Business
- Daily News Egypt
OECD report provides roadmap for Egypt's SME and startup sector
The Organisation for Economic Co-operation and Development (OECD) and the Egyptian government have launched a report on small and medium-sized enterprise (SME) policy, which Cairo will use to update its national strategy for the vital sector, the government said on Saturday. The report, part of a cooperation programme between Egypt and the OECD, provides an analysis of the opportunities and challenges facing SMEs and entrepreneurs. It highlights the sector's significant potential but points to a need to encourage innovation and transition businesses from the informal to the formal sector, according to a government statement. SMEs represent more than 90% of economic activity in Egypt. Minister of Planning and International Cooperation Rania Al-Mashat said the report reflects the government's efforts to transform Egypt into a competitive, innovation- and knowledge-based economy. She noted the role of a ministerial group for entrepreneurship in coordinating efforts to support startups and said a 'Startup Charter' would be launched soon. Bassel Rahmy, head of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), stated that the agency would work to activate the report's recommendations in coordination with local and international partners. The report noted that Egypt, with a population of over 110 million, possesses a vast market and significant entrepreneurial potential. It also acknowledged that despite a boom in venture capital and investment in research, challenges remain in improving the business climate and enhancing competition. Among its key recommendations, the report called for developing a comprehensive annual database on small business performance and adopting an 'SME impact test' before approving new legislation, while also simplifying existing laws. It suggested establishing an independent mechanism to monitor SME law implementation. The report also recommended providing tax incentives for venture capital, increasing the capital of the Credit Guarantee Company (CGC), and creating a national strategy for digitising small businesses, which would include a tiered licensing system for fintech companies. Further proposals included developing a strategy for women's entrepreneurship and boosting the efficiency of business incubators through national accreditation standards. The cooperation between Egypt and the OECD falls under a Country Programme that has been extended until 2025. The programme includes 35 projects across five main axes, designed to integrate international expertise into Egypt's national development strategy, 'Egypt Vision 2030.' Egypt recently assumed the co-chairmanship of the OECD's Middle East and North Africa (MENA) Initiative on Governance and Competitiveness for the period 2026-2030, alongside Italy and Turkey.
