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Uganda's NSSF hits 2billion dollar ma...
Kampala
By Colllins Hinamundi
28 Jan 2015

Uganda's is Eastafrica's gateway into central africa, it is at the centre of trade between more than 7 countries in the region, it has also got Eastafrica's only dollar billionaire Sudhir Ruparelia, and with the country's National social security fund portfolio hittting the 2billion dollar mark,it now has the regions largest fund. The fund is run by the ugandan government as a way of forcing workers in the private sector to save for their future and is mandated by law to collect savings from these companies on behalf of workers NSSF then INVESTS this money and pays it back with interest when the workers reach retirement age, or to their next of kin incase of death. over the last one year, the funds total assets have grown from 1.2 billion dollars to 2 billion dollars, compare to Kenya's NSSF which has an asset portfolio of 1.7Billion dollars and Tanzania that stands at 1.3 billion dollars.

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Living along Nicaragua’s Grand Canal
Rivas, Nicaragua
By Charlotte Bruneau
22 Jan 2015

A Chinese firm started construction on the Nicaragua Canal in late 2014 in the city of Rivas.  It is considered the world’s latest mega project and one of the largest engineering projects in history, expected to take five years to complete and to cost around 50 billion dollars, raising controversy and environmental concerns.

To win the Nicaraguan people’s support for the planned canal, the government of President Daniel Ortega launched an impressive propaganda campaign claiming that the canal would bring wealth and power to the nation. However, to make way for the canal, as many as 30,000 people will have to be displaced and dozens of villages erased from the map. Environmentalists worry about the ecological costs as well.

Kenny has finished his design degree a couple of months ago. During his studies, he built a model of the canal because he did not really know what it would look like: the most widespread criticism of the canal project is the lack of information provided by the government.

“The model’s design comes out of my imagination,"  explains Kenny while proudly opening and closing his model canal’s locks. "I tried to make sense of the scarce official information we receive. I invited the village’s children to participate in building the model to help them better understand the canal.”

While he is trying to find a job, he works in a car repair workshop. The workers there explain that, although they would like the canal to create employment opportunities for them, the Chinese are importing machines they don’t have the skills to handle. The government’s promise of employment is empty, they say.

“We have to learn how to better organize and protect ourselves," says one of Kenny's co-workers. "Some of us are already being followed by the government and I am sometimes scared to sleep at home. The government tries to scare families into keeping quiet while a number of foreign journalists were already expelled.”

The idea of having a trans-oceanic canal cutting through Nicaragua is hardly revolutionary. More than 150 years ago, the American businessman Cornelius Vanderbilt had already started digging but later stopped the project for lack of enough investors. Others, like the New Spain colonial administration or France’s Napoleon III considered, and later on abandoned, the idea of a Nicaraguan canal.

Now it is the Chinese’s turn to take on the Grand Canal’s challenge: 278 km long and at times 520 meters wide, the canal will allow for bulk carriers to navigate from the Pacific coast to the Caribbean. President Ortega, the former Marxist guerrilla revolutionary, granted the Chinese businessman Wang Jing’s HK Nicaragua Canal Development Investment Co. Ltd (HKND Group) a 50-year concession.  HKND says that the canal would create an estimated 50,000 jobs, but thousands of them would go to Chinese workers.

At the same time, the local population fears that Rivas might become a Chinese town when the Chinese workers arrive, bringing prostitution and high prices as Chinese goods flood the local markets. Indeed, the canal’s project is accompanied by a number of other projects. For instance, the HKND Group will be allowed to establish a number of so-called zonas francas, or tax free zones.

Such agreements between HKND and the Ortega government led a number of critics to assume that Wang Jing secretly acts on behalf of the Chinese government. While Nicaragua and Taiwan have good diplomatic relations, Beijing and Managua do not. Having private investors coming from the Chinese mainland to Nicaragua seems to be an alternative to diplomatic ties as far as business is concerned.

Worried about their future, people from Rivas have started to voice their discontent. Kenny takes us to his cousin’s uncle, Octavio Ortega, who says that the canal’s project has already been triggering opposition among the region’s campesinos (peasants) for two years.

After the opening ceremony for the construction was held on December 22, 2014, Ortega saw his fears materialize. He has since begun organizing a network of protest leaders throughout the country. For having participated in demonstrations, however, Octavio was violently beaten and jailed for over a week. A growing number of peasants who fought for the Sandinistas during the war have distanced themselves from Daniel Ortega’s government, saying he has betrayed them and accusing him of not being a “real Sandinista” anymore.

“We have to learn how to better organize and protect ourselves," says Octavio. "Some of us are already being followed by the government and I am sometimes scared to sleep at home. The government tries to scare families into keeping quiet while a number of foreign journalists were already expelled.”

Octavio explains how land property functions in Nicaragua, how many properties were redistributed during the Sandinista’s era in the 80’s. But now, the government passed a law that legalizes expropriation without compensating the occupants of a piece of land.

People living in the countryside around Rivas have no other choice than self-sustainability. On his patch of land, Ronal has pigs, cows, chicken, sugar cane and a number of vegetables. Although the canal does not pass through his land directly, he will be expropriated to make room for another “side project.” The vicinity of Lake Nicaragua and its pristine shores will be turned into tourist complexes.

Ronal’s family lives in Tolesmaida, close to Lake Nicaragua. Their village will be erased from the map as well. Villagers there show us the scars of the beatings they suffered in jail. On every house’s wall, they have painted Chinese characters reading “Chinese, get out!” The villagers do not only worry about the impact of mass tourism, but about the lake’s ecosystem as well. More pollution, traffic, noise and salinity will gravely endanger the largest freshwater resource in Latin America. Ronal thinks a lot about the social impact of the Chineses’ arrival. For many villagers, the pending arrival of the Chinese often feels like a modern conquistadora.

“I have heard that they worship dragons and animals,” he says. “The Chinese have a religion and customs so different from our that I wonder  whtether a coexistence will be possible Will they remain among themselves without talking to locals? Will they be violent? Will they try to influence our youths?”

“We are like a battalion,” shouts Ronal’s mother. “The whole family has been in jail and we are not scared to go again.”

We met Don Alejandro’s family in El Palmar, where a four-lane highway will replace the main local road. He has been the region’s guitar manufacturer for decades, and his grandchildren are now taking on the trade. We learned more about the family’s rhythm of life, their farming techniques and the way they see life as campesinos. The family is considering resettling in neighboring Costa Rica in order to remain farmers, should the construction of the road lead to their eviction.

“We barely have the necessary tools and ressources to survive as farmers here," says Don Alejandro. "As you see, everything is done with the machete and we have no tractors and machines to help us. On the other hand, we get to live a quiet life. What will happen to our lifestyle should the road nearby become a highway for trucks?"

The eastern city of Nueva Guinea is located in the eastern side on the Caribbean coast, seven hours by bus from the capital. The canal will be forty kilometers away from their city, and people do not feel directly concerned. Rodriguez is a journalist at Radio Luz, the local Christian radio. He is eager to see the beginning for the construction of the canal. He and his colleagues are tired of their country’s stagnation and they do want to see things change, especially economically.  

“Since the end of the war in Nicaragua, the whole region has stagnated," he says. "People did move back from larger cities to the more isolated regions because it was safe again. But the government didn’t extend regional opportunities as promised. Maybe the canal will change all this."

It takes a three hours hazardous bus ride to reach Puerto Principe from Nueva Guinea. And another six hours on a lancha, a small motorised boat, to arrive at Pollo de Desarollo, a village close to the Caribbean. The village lies on the banks of the Punta Gorda river, that will eventually be enlarged to become the canal. Dina lives with her two sons and daughter in the village’s center, which consists of a baseball field and a few dozen houses. She holds the local “comedor,” a canteen that offers hot meals.

”We didn’t know yet that our village was endangered by the canals construction, this is why I welcomed the Chinese," she says. "They were very polite and paid really well. To be honest, if they come back tomorrow and pay the same amount again, I would still cook for them, despite the canal.”

She always talks with caution, as dozens of policemen currently stay in the village to “protect” a group of doctors carrying out medical surveys in the region. The main Nicaraguan opposition paper, Confidencial, claims that those doctors work hand in hand with the government to find out how much land families own along the canal’s route.

We met one of the doctors at Dina’s place. She tells us that many households refuse the medical visit. Asked about whether the government will have access to their survey, she refused to reply.

Dina also tells us about the visit Chinese engineers paid them some time ago. Around 20 Chinese stayed in her house for two months. They were carrying out ecological and scientific surveys to see whether the canal could pass through the Punta Gorda river. Back then, the Chinese were received quite well.

Aidak, Dina’s oldest son, explains that he doesn’t want to be a campesino in the future: with the canal, tourism will increase and he wishes to become a tourist guide. Dina hopes for good compensation. She is tired of living in an isolated village, and would love to start her life again elsewhere.

Travelling along the canal’s road has definitely raised an important question: Will the canal be built at all? Chamorro, of the Confidencial newspaper, believes that the whole project is a scam. The canal will never be built, but land will be seized at low prices from farmers who will barely benefit from business opportunities reserved for the Nicaraguan economic elite.

This Chinese mega project represents the 74th attempt to built a canal in Nicaragua. It may also be the 74th failure to do so.

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Suez Canal Development Conference in ...
Cairo, Egypt
By Video Cairo Sat
14 May 2013

Story: Suez Canal Development Conference in Cairo

Local News Agency: Middle East Bureau / VCS
Shooting Dateline: May 13, 2013
Shooting Location: Cairo, Egypt
Publishing Time: May 13, 2013
Length: 00:02:23
Video Size: 117 MB
Language: Arabic
Column:
Organized by:
Correspondent:
Camera: VCS

SHOTLIST:

  1. Pan left shot of the banner of the conference
  2. Various shots of the conference held at Cairo International Conference Centre
  3. Various shots of attendees at the inauguration of the conference
  4. Medium shot a display showing details about the project
  5. SOUNDBITE 1 (Arabic) – Egypt’s PM Dr. Hesham Qandil:
    “This project took into account all the criteria of the national security and all the demands and the remarks of the armed forces. I would like to affirm that the security of this country and the safety of its territories take precedence over any other issue and of course this position include the government, opposition and the Egyptian people as well. We all agree upon this issue (Egypt’s security) and there is no difference among us about that.”
  6. Various shots of attendees during the conference
  7. SOUNDBITE 2 (Arabic) – head of International Business & Investment Association (IBIA), Ahmad Galal El-Deen:
    “This conference is not an ordinary event. We are currently in the process of historic event and we hope it would be the development engine in Egypt. We are in the process of international project that will contribute in transferring Egypt to the ranks of the major countries and it will represent a focal point in the international trade.”
  8. SOUNDBITE 3 (Arabic) – Housing Minister Tarek Wafiq:
    “The law of the project is now in the process of developing some amendments and then sending it from the office of the prime minister to the Shura Council to discuss it.”
  9. Various shots of attendees during the conference

STORYLINE:

International Business & Investment Association (IBIA) in cooperation with the technical secretariat of the Suez Canal axis development project organized on Monday, May 13, the first international conference on the development of the Suez Canal.

The conference held under the auspices of Egyptian Prime Minister Dr. Hisham Qandil. He said the draft law of the Suez Canal development took into account all the criteria of the national security and the armed forces.

The Premier also witnessed the signing of a number of contracts of new projects.

SOUNDBITE 1 (Arabic) – Egypt’s PM Dr. Hesham Qandil:
“This project took into account all the criteria of the national security and all the demands and the remarks of the armed forces. I would like to affirm that the security of this country and the safety of its territories take precedence over any other issue and of course this position include the government, opposition and the Egyptian people as well. We all agree upon this issue (Egypt’s security) and there is no difference among us about that.”

The conference was attended by a number of army leaders, Chairman of Suez Canal authority, experts, Minister of Planning and International Cooperation, Minister of Housing and Urban Communities and a large number of Egyptian businessmen and Arab investors.

For his part, Housing Minister Tarek Wafiq confirmed that Suez Canal development authority had stressed in its establishment draft law that neither Egyptian nor foreign investors will have the right of possession in Suez Canal Development Corridor projects, noting that this will happen through usufruct right only.

He added that the Suez Canal axis project is the dreaming of Egypt and all Egyptians, it is the future project for new Egypt thus it won’t be accounted by other party or it won’t be monopolized by any opinion.

SOUNDBITE 2 (Arabic) – head of International Business & Investment Association (IBIA), Ahmad Galal El-Deen:
“This conference is not an ordinary event. We are currently in the process of historic event and we hope it would be the development engine in Egypt. We are in the process of international project that will contribute in transferring Egypt to the ranks of the major countries and it will represent a focal point in the international trade.”

SOUNDBITE 3 (Arabic) – Housing Minister Tarek Wafiq:
“The law of the project is now in the process of developing some amendments and then sending it from the office of the prime minister to the Shura Council to discuss it.”

The Minister added that Suez Canal region is a part of the sustainable development strategy that will make Egypt an international trade point.

Moreover, the Minster has asserted that the draft law which has finalized is currently exist by Cabinet, it will be sent to Shura Council, many various ministries and sovereign authorities and a number of experts law have participated in the project.

President Mohamed Morsi has called for expediting the implementation steps for the Suez Canal Corridor project in view of its positive effect in supporting the Egyptian economy, luring foreign investments, providing thousands of job opportunities for Egyptians in general and Sinai citizens and the Canal region in particular.

End VCS Item

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Saving the Egyptian economy conferenc...
Cairo, Egypt
By Video Cairo Sat
24 Feb 2013

Story: Saving the Egyptian economy conference in Cairo

Local News Agency: Middle East Bureau / VCS
Shooting Dateline: February 23, 2013
Shooting Location: Cairo, Egypt
Publishing Time: February 23, 2013
Length: 0:01:45
Video Size: 86.8 MB
Language: Arabic
Column:
Organized by:
Correspondent:
Camera: VCS

SHOTLIST:

  1. Pan left shot of the banner of the conference of saving the Egyptian economy
  2. Medium of the speakers heading to start the conference
  3. Wide shot of the conference
  4. Medium shot of head of Egypt’s Ghad Al-Thawra Party, Ayman Nour
  5. Medium shot of Hassan Rateb, Egyptian businessman speaking during the conference `
  6. Medium shot of attendees during the conference
  7. Medium shot of Ex-presidential Adviser Salafi Dr. Khaled Alam El-Din speaking during the conference
  8. Medium shot of attendees during the conference
  9. SOUNDBITE 1 (Arabic) - Ex-presidential Adviser Salafi Dr. Khaled Alam El-Din:
    “All our people hold us a great responsibility that requires from us to unite, cooperate and leave all our political disputes in order to save the Egyptian economy which we all recognize its deteriorating state.”
  10. Various shots of the conference
  11. SOUNDBITE 2 (Arabic) - head of Egypt’s Ghad Al-Thawra Party, Ayman Nour:
    “We have to think in the interests of Egypt away from all political disputes. We have to think in how to save Egypt and its revolution which some people believe that it is the reason behind their deteriorating state. Egypt still has wise and honorable people who are able to direct their efforts to save the Egyptian economy.”
  12. Various shots of the conference

STORYLINE:

Egypt’s liberal opposition Ghad Al-Thawra Party in cooperation with Salafist Nour Party and Faculty of Commerce held a meeting on Saturday, February 23 dubbed “Saving the Egyptian economy”.

Ex-presidential Adviser Salafi Dr. Khaled Alam El-Din said during his opening speech that the Egyptian economy crisis affects every child, woman, family breadwinner and even unemployed youth, adding that the deteriorating state of the economy is obvious to everyone.

Alam El-Din added that Nour Party seeks to bring future economic vision based on the green economy and investment in the fields of waste recycling, the creation of biofuels, protectorates protection projects, and the use of wastewater in agriculture forest wood.

SOUNDBITE 1 (Arabic) - Ex-presidential Adviser Salafi Dr. Khaled Alam El-Din:
“All our people hold us a great responsibility that requires from us to unite, cooperate and leave all our political disputes in order to save the Egyptian economy which we all recognize its deteriorating state.”

They also aim to offer a forward looking strategy towards securing a better future for the Egyptian economy.

He stressed that all Egypt’s political forces should unite, collaborate and leave the political disputes in order to save the Egyptian economy, which is on a danger state.

For his part, head of Egypt’s Ghad Al-Thawra Party, Ayman Nour said that burning the party's headquarters yesterday evening is a clear message that there are people who do not want such a conference to be held, because it discusses the challenges and prospects for the future of the Egyptian economy.

SOUNDBITE 2 (Arabic) - head of Egypt’s Ghad Al-Thawra Party, Ayman Nour:
“We have to think in the interests of Egypt away from all political disputes. We have to think in how to save Egypt and its revolution which some people believe that it is the reason behind their deteriorating state. Egypt still has wise and honorable people who are able to direct their efforts to save the Egyptian economy.”

Earlier on Friday, headquarters of Ghad Al-Thawra Party was torched by masked men, shortly after party founder Ayman Nour had said he wouldn't mind taking up a leadership position if invited by Egypt President Mohamed Morsi.

Egypt’s former PM Dr. Ali Lutfi, stressed the importance of solidarity among all people and government to save the Egyptian economy, proposing a voluntary initiative that rich people and businessmen in Egypt to donate 1600 LE, through a fund called "Recovery of support" to be established by the Ministry of Finance.
The conference was held at Ain Shames University in Cairo with the participation of at least 15 political parties.

End VCS item

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Egypt’s Economy grew only 2.2% in 2nd...
Cairo, Egypt
By Video Cairo Sat
22 Feb 2013

Story: Egypt’s Economy grew only 2.2% in 2nd quarter of 2012/13

Local News Agency: Middle East Bureau / VCS
Shooting Dateline: February 21, 2013
Shooting Location: Cairo, Egypt
Publishing Time: February 21, 2013
Length: 0:02:03
Video Size: 101 MB
Language: Arabic
Column:
Organized by:
Correspondent:
Camera: VCS

SHOTLIST:
1- Various shots of attendees during the press conference of Egypt’s Planning Minister and International Cooperation held at the headquarters of the ministry
2- SOUNDBITE 1 (Arabic) - Egypt’s Planning and International Cooperation Minister Ashraf al-Araby:
“We are targeting at the end of the current fiscal year 2012/13 an economical growth of no less than 3 percent. We need to meet this target to achieve economic growth rate that exceeds 3 percent in the second half of the year.” 3- Various shots of attendees during the conference
4- SOUNDBITE 2 (Arabic) - Egypt’s Planning and International Cooperation Minister Ashraf al-Araby:
“Actually, the current economic situation is much more difficult even than it was after the revolution hence, we need to put all our political disputes aside. We need to reach a political consensus to overcome this difficult phase that the Egyptian economy is facing and to move forward.” 5- Various shots of the press conference
6- SOUNDBITE 3 (Arabic) - Egypt’s Planning and International Cooperation Minister Ashraf al-Araby:
“God willing, we expect to invite the IMF technical delegation within days and we will show you in details of the axes which the national program include that we will present to the IMF.” 7- Various shots of the press conference

STORYLINE:

Egypt’s Planning and International Cooperation Minister Ashraf al-Araby said on Thursday, February 21, in a press conference that the Egyptian economy grew only 2.2 percent in 2nd quarter of 2012/13, representing a 15.3 percent decrease on the previous quarter.

Al-Araby said that the first half of fiscal year 2012/13 (July-December) saw economic growth of 2.4 percent, which had been 0.1 percent lower than expected.

He said that the government is targeting economic growth of no less than 3 percent in the current fiscal year.

SOUNDBITE 1 (Arabic) - Egypt’s Planning and International Cooperation Minister Ashraf al-Araby:
“We are targeting at the end of the current fiscal year 2012/13 an economical growth of no less than 3 percent. We need to meet this target to achieve economic growth rate that exceeds 3 percent in the second half of the year.”

He said that foreign investment in Egypt was almost non-existent in the six months to the end of December, illustrating the depth of the economic crisis that Egypt is facing.

He added that the country needed strong investment to reach the 7 percent annual economic growth rate commonly cited by economists as the level needed to lower unemployment and soak up new entrants to the labour market.

SOUNDBITE 2 (Arabic) - Egypt’s Planning and International Cooperation Minister Ashraf al-Araby:
“Actually, the current economic situation is much more difficult even than it was after the revolution hence, we need to put all our political disputes aside. We need to reach a political consensus to overcome this difficult phase that the Egyptian economy is facing and to move forward.”

The Egyptian government plans within one week to invite an International Monetary Fund mission for talks, al-Araby said on Thursday.

SOUNDBITE 3 (Arabic) - Egypt’s Planning and International Cooperation Minister Ashraf al-Araby:
“God willing, we expect to invite the IMF technical delegation within days and we will show you in details of the axes which the national program include that we will present to the IMF.”

Egypt reached an initial agreement with the IMF on the loan agreement in November but postponed final ratification in December because of political unrest at the time.

End VCS item

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Egypt Targets Foreign Investment To R...
The Fairmont Towers Hotel, Heliopolis, Cairo, Egypt
By U.S. Editor
09 Oct 2012

Egyptian Prime Minister Hesham Kandil said on Tuesday, October 9, at the Euromoney Conference Egypt 2012, held in Cairo, that the government set a strategy targeting more involvement of the private sector to reach a goal of USD 28 billion of foreign investments.
Kandil added in the conference, attended by Euromoney Regional Director Richard Banks, that the government economic reform plan also targets a growth rate of 4.3% in FY 2012/2013 in order to provide about 700,000 job opportunities, noting that the government focuses on small and medium enterprises to achieve a growth rate of more than 7% in the coming five years.
SOUNDBITE 1 (English) - Egypt' PM Hesham Kandil:
“The Egyptian government is committed to economic reform and to a free market economy; an economy that is committed to all its contracts and agreements with local and foreign investors and acknowledges the importance of private sector economic growth. The private sector investments within the last seven years average around 60% to 65% of our investments. This year, we target total investment of 276 billion Egyptian pounds with the private sector expected to play another major role worth 170 billion Egyptian pounds, which is equivalent to 28 billion US dollars.” The two-day conference comes under the title "The Return of the Investments to Egypt and the Distribution of the Fruits of Economic Growth".
The huge annual economic event, attended by Egypt’s ministers of finance, investment and communications, urged foreign investors to overcome concerns regarding Egypt’s stability and to invest in the fast-growing fields of banking and software industry.
SOUNDBITE 2 (Arabic)- Egypt’s Minister of communications and IT Minister Eng Hani Mahmoud:
“We have a large number of graduates who are qualified to work in the software industry. We also have more than one opportunity for companies to establish centers for software development in Egypt. At the same time, we are also offering to investors the new Technology Park in Maadi.”

SOUNBDITE 3 (Arabic) – Tarek Amer, Chairman of Egypt’s National Bank:
“We, the National Bank, pumped loans worth 22 billion over the past year and a half since the revolution. We continued our work regularly; we weren’t afraid of the circumstances. Yes, of course we had more bank allocations because some customers had problems. However, we still made profits worth much more than these allocations. If you are bold with a good understanding of the market, you can still work and make profit. If we all were afraid, we wouldn’t achieve anything. I can see that our government and the country’s leadership are bold, and the decisions are there to prove it. In the past, we used to lack boldness and decision making. I can see that this has changed today, and that’s why we will move forward.”

For his part, Finance Minister Momtaz Al-Saeed emphasized that investment is the only solution to restore growth and that there is a need to restore investors' confidence in Egypt.
Other officials noted that the country has been trying to attract foreign investors after many left throughout the past year and a half of unrest.
The Euro money conference is the first major economic, financial and business event that takes place in Egypt after the January 25 Revolution.
Euro money is a global financial media company specializing in encouraging, covering and analyzing cross-border flows of investment capital.

Local News Agency: Middle East Bureau / VCSS
Shooting Dateline: October 9, 2012
Shooting Location: Cairo, Egypt
Publishing Time: October 9, 2012
Length: 0:03:00
Video Size: 148 MB Language: English and Arabic
Column:
Organized by:
Correspondent:
Camera: VCS

SHOTLIST:

  1. Pan right shot of the Euromoney conference in Cairo
  2. Medium shot of the Director of the Euromoney conference, Richard Banks speaking during the conference
  3. Wide shot of the attendees during the conference
  4. Medium shot of Egypt’s PM Hesham Kandil speaking during the conference
  5. Various shots of the conference, attendees
  6. SOUNDBITE 1 (English) - Egypt' PM Hesham Kandil:
    “The Egyptian government is committed to economic reform and to a free market economy; an economy that is committed to all its contracts and agreements with local and foreign investors and acknowledges the importance of private sector economic growth. The private sector investments within the last seven years average around 60% to 65% of our investments. This year, we target total investment of 276 billion Egyptian pounds with the private sector expected to play another major role worth 170 billion Egyptian pounds, which is equivalent to 28 billion US dollars.”
  7. Various shots of the conference, attendees
  8. SOUNDBITE 2 (Arabic)- Egypt’s Minister of communications and IT Minister Eng Hani Mahmoud:
    “We have a large number of graduates who are qualified to work in the software industry. We also have more than one opportunity for companies to establish centers for software development in Egypt. At the same time, we are also offering to investors the new Technology Park in Maadi.”
  9. SOUNBDITE 3 (Arabic) – Tarek Amer, Chairman of Egypt’s National Bank:
    “We, the National Bank, pumped loans worth 22 billion over the past year and a half since the revolution. We continued our work regularly; we weren’t afraid of the circumstances. Yes, of course we had more bank allocations because some customers had problems. However, we still made profits worth much more than these allocations. If you are bold with a good understanding of the market, you can still work and make profit. If we all were afraid, we wouldn’t achieve anything. I can see that our government and the country’s leadership are bold, and the decisions are there to prove it. In the past, we used to lack boldness and decision making. I can see that this has changed today, and that’s why we will move forward.”
  10. Various shots of the conference, attendees and speakers
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COMMEMORATING MASPERO; EGYPT'S FINANC...
Cairo, Egypt
By Editor's Picks
09 Oct 2012

Egyptians demonstrated in front of the state TV and radio building in Maspero, central Cairo Tuesday, October 9, to commemorate the first anniversary of the military's aggressive attempt to clear a predominantly christian protest that resulted in several deaths, including Egyptian revolutionary Mina Daniel.

Egyptian Prime Minister Hesham Kandil attended the Euromoney Conference Egypt 2012, Tuesday, October 9, where he discussed economic strategy and Egypt's financial goal to reach $28 billion in foreign investments.

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President Morsi Meets with FMs of Oma...
Cairo, Egypt
By U.S. Editor
29 Jul 2012

Egyptian President Mohamed Morsi held talks on Sunday, July 29, with Omani Foreign Minister Youssef Ben Allawi in Cairo, where they discussed restoring relations between Egypt and Oman.

During the meeting, which was attended by Egyptian Foreign Minister Mohamed Kamel Amr, Ben Allawi conveyed a message from Sultan Qaboos Ben Saeed of Oman congratulating him on coming to office.

Ben Allawi told reporters after the meeting that the two countries intended huge investment projects and strong bilateral ties.

SOUNDBITE 1 (Arabic) – Omani Foreign Minister Youssef Ben Allawi:
“Mr. President talked about some of the new aspects of the projects intended by Egypt to resolve some issues, including leading projects with strategic dimension and huge economic and investment dimensions.”

On the other hand, Morsi held met with the Foreign Ministers of Tunisia and Libya, Ashour Ben Khayal and Rafiq Abdul Salam, where they discussed common issues related to post-revolution Egypt, Tunisia and Libya.

The meeting aimed at coordinating situations between the three countries in various issues and enhancing economic cooperation between them.

SOUNDBITE 2 (Arabic) – Egyptian Foreign Minister Mohamed Kamel Amr:
“We have of course common concerns and issues, including border control, the security situation at the coast and desert areas between our countries, which is an unusual situation, in addition to the economic cooperation and integration and the financial aids intended by Western countries to the countries of the region, particularly those that have gone through revolutions.”

SOUNDBITE 3 (Arabic) – Tunisian Foreign Minister Rafiq Abdul Salam:
“The Foreign Ministers of the three countries, Egypt, Libya and Tunisia, met together. Our conditions are similar and interrelated. There are geographic, cultural, historical and linguistic connections between us; they are deep-rooted connections. Based on these strong connections, we want to establish strong ties also, to exchange interests between our people in a way that serves the interests of the three countries as well as the interests of our Arab nations.”

They also discussed cancelling entry visas among the three countries and extend the experience, if successful, to include all Arab states.

For his part, Libyan Foreign Minister Ashour Ben Khayal said that the meeting gathered leaders representing countries after the three Arab revolutions, wishing that Syria would join the three countries.

Local News Agency: Middle East Bureau / VCS
Shooting Dateline: July 29, 2012
Shooting Location: Cairo, Egypt
Publishing Time: July 29, 2012
Length: 0:03:03
Video Size: 150 MB
Language: Arabic
Column:
Organized by:
Correspondent:
Camera: VCS

SHOTLIST:
1. Pan left, Egyptian Presidency headquarters in Cairo
2. Various shots of the meeting of Egyptian President Mohamed Morsi and Omani Foreign Minister Youssef Ben Allawi, attended by Egyptian Foreign Minister Mohamed Kamel Amr
3. SOUNDBITE 1 (Arabic) – Omani Foreign Minister Youssef Ben Allawi:
“Mr. President talked about some of the new aspects of the projects intended by Egypt to resolve some issues, including very leading projects with strategic dimension and huge economic and investment dimensions.”
4. Various shots of the meeting of President Morsi and the Foreign Ministers of Tunisia and Libya
5. Pan left, FMs of Egypt, Tunisia and Libya heading to a press conference
6. SOUNDBITE 2 (Arabic) – Egyptian Foreign Minister Mohamed Kamel Amr:
“We have of course common concerns and issues, including the border control, the security situation at the coast and desert areas between our countries, which is an unusual situation, in addition to the economic cooperation and integration and the financial aids intended by Western countries to the countries of the region, particularly those that have gone through revolutions.” 7. SOUNDBITE 3 (Arabic) – Tunisian Foreign Minister Rafiq Abdul Salam:
“The Foreign Ministers of the three countries, Egypt, Libya and Tunisia, met together. Our conditions are similar and interrelated. There are geographic, cultural, historical and lingual connections between us; they are deep-rooted connections. Based on these strong connections, we want to establish strong ties also, to exchange interests between our peoples in a way that serves the interests three countries as well as the interests of our Arab nation.”
8. Zoom in, Libyan FM Ashour Ben Khayal speaking during the press conference
9. Various shots of the press conference
10. Pan right, the FMs leaving after the press conference
11. Wide shot, Egyptian Presidency headquarters in Cairo

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Aerial Photo of Erbil
Erbil, Iraq
By Mariwan Salihi
06 Jun 2012

Aerial views of the outskirts of Erbil, capital of northern Iraq's Kurdistan Region.

The city of nearly two million inhabitants is seeing massive developments, thanks to its relative safety , foreign investments and a growing energy sector. In this photo: Royal City, English Village, parts of the Italian City, Erbil Divan Hotel, Erbil Rotana Hotel, Sami Abdulrahman Park and the Erbil International Fairground.