{"id":637107,"date":"2017-11-08T04:04:20","date_gmt":"2017-11-08T04:04:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/investments-at-the-world-youth-forum-and-econ-friendly-topics\/"},"modified":"2017-11-08T04:04:20","modified_gmt":"2017-11-08T04:04:20","slug":"investments-at-the-world-youth-forum-and-econ-friendly-topics","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/investments-at-the-world-youth-forum-and-econ-friendly-topics\/","title":{"rendered":"Investments at the World Youth Forum and econ friendly topics"},"content":{"rendered":"

The airwaves served up continued coverage of the World Youth Forum<\/strong> in Sharm El Sheikh and the investment agreements that were signed on the forum\u2019s sidelines yesterday on an economics-heavy night.<\/p>\n

Investment Minister Sahar Nasr told Al Hayah Al Youm\u2019s Tamer Amin that the government has raised its foreign direct investment target for FY2017-18 to USD 12 bn<\/strong> from USD 10 bn after seeing significant inflows during the first quarter alone. The Suez Canal Economic Zone has signed some 30 agreements over the past three months; seven of those agreements could benefit from perks and incentives outlined in the newly-enacted Investment Act. Nasr also pointed to a basket of legislation the government has pushed out over the past several months to improve the investment climate, including the Bankruptcy Act, which is currently before committee in the House (watch, runtime 6:36<\/a>).<\/p>\n

Agreements signed yesterday on the sidelines of the World Youth Forum are ready for implementation<\/strong> and are not preliminary MoUs, SCZone Chairman Mohab Mamish told Amin (we have a full list of these agreements in Speed Round, below). The agreements are expected to create as many as 1 mn new jobs, Mamish said (watch, runtime 5:10<\/a>).<\/p>\n

Amin also hosted the Arab Investors Union\u2019s secretary general Gamal Bayoumi, who urged the country to focus on attracting more investments from Egyptians expats<\/strong>, whom he says invest as much as USD 180 bn in other markets that would be better off in Egypt (watch, runtime 4:40<\/a>).<\/p>\n

Apparently, we\u2019re not paying enough taxes: <\/strong>Amin also discussed Egypt\u2019s tax systems with Cairo University economics professor Aliaa El Mahdy, who said the government is mismanaging its resources through an unbalanced tax system that allows businessmen to pay lower-than-average taxes (watch, runtime 3:27<\/a>). Please, God, don\u2019t get us started.<\/p>\n

Over on Kol Youm, Amr Adib lambasted Banque Misr\u2019s decision to launch savings certificates carrying an 18% interest rate <\/strong>as a deterrent to investment, saying that people will be more likely to leave their money in the bank than take the risk of investing (watch, runtime 2:54<\/a>).<\/p>\n

His better half on Hona Al Asema discussed the National Council for Human Rights\u2019 latest report, which earned the ire of House MPs <\/strong>for its opinions on enforced disappearances and the contentious NGOs law. Council member Hafez Abu Seda maintained that the council adheres to international laws in its assessments (watch, runtime 5:02<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

The airwaves served up continued coverage of the World Youth Forum in Sharm El Sheikh and the investment agreements that were signed on the forum\u2019s sidelines yesterday on an economics-heavy night. Investment Minister Sahar Nasr told Al Hayah Al Youm\u2019s Tamer Amin that the government has raised its foreign direct investment target for FY2017-18 to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637107","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6e2252ca-32d8-41e5-8f8e-38f89e9bc282","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637100],"teaser":"","voice_url":""},"yoast_head":"\nInvestments at the World Youth Forum and econ friendly topics - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/investments-at-the-world-youth-forum-and-econ-friendly-topics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investments at the World Youth Forum and econ friendly topics\" \/>\n<meta property=\"og:description\" content=\"The airwaves served up continued coverage of the World Youth Forum in Sharm El Sheikh and the investment agreements that were signed on the forum\u2019s sidelines yesterday on an economics-heavy night. 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The forum is meant to send a message of strength from Egypt despite its\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604619,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/africa-forum-2018-kicks-off-egypt-inks-agreements\/","url_meta":{"origin":637107,"position":1},"title":"Africa Forum 2018 kicks off, Egypt inks agreements","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"The Africa Forum 2018 in Sharm kicked off yesterday. Among the takeaways from the many announcements of the past 24 hours: EBRD is backing accelerators Falak, EFG-EV Fintech and Misr El Kheir, offering advisory support to each of them and their portfolio companies, the institution said in a statement (pdf).Falak\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649325,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/el-garhy-talks-imf-visit-eurobonds-nasr-on-the-investment-act-delays\/","url_meta":{"origin":637107,"position":2},"title":"El Garhy talks IMF visit, Eurobonds; Nasr on the Investment Act delays","author":"enterpriseam admin","date":"30 April 2017","format":false,"excerpt":"Finance Minister Amr El Garhy and Investment and International Cooperation Minister Sahar Nasr\u2019s interviews were the main highlights in the airwaves which largely focused on the Pope\u2019s visit.The IMF delegation arrived yesterday and will be here for two weeks to review progress on the economic reforms before disbursing the second\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597490,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/29\/investment-zones-youth-forum-egypts-green-card-luck-get-attention-on-airwaves\/","url_meta":{"origin":637107,"position":3},"title":"Investment zones, youth forum, Egypt\u2019s green card luck get attention on airwaves","author":"enterpriseam admin","date":"29 July 2019","format":false,"excerpt":"The nation\u2019s talking heads had plenty to chatter about, albeit mostly non-business news. The Let it Rust campaign has pushed car prices down some 30% or EGP 50-150k since the campaign began, campaign spokesperson Mohamed Shetta told El Hekaya\u2019s Amr Adib on Saturday. The boycott campaign, coupled with the strengthening\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605568,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/03\/the-world-youth-forum-gerd-the-presidential-election-get-airtime\/","url_meta":{"origin":637107,"position":4},"title":"The World Youth Forum, GERD + the presidential election get airtime","author":"enterpriseam admin","date":"3 September 2023","format":false,"excerpt":"Business news took a back seat on the talk shows last night, with the bulk of the coverage being taken by the World Youth Forum, the upcoming presidential election, and the GERD dispute. 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El Hekaya\u2019s Amr Adib also gave his two cents on Africa being a great\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=637107"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637107\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637100"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637107"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637107"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}