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PM Kandil: Budget Deficit Unexpectedl...
Cairo, Egypt
By U.S. Editor
11 Sep 2012

Egypt’s budget deficit for this fiscal year unexpectedly rose up to USD 28.71 billion as it was previously estimated to reach USD 21.98 billion, Egyptian Premier Hesham Kandil said in a press conference following a Cabinet meeting on Wednesday, September 12, at the Cabinet headquarters in Cairo.
Kandil added that such a large burden of deficit would force government to resort to borrowing.
Egypt has already requested a USD 4.8 billion loan from the International Monetary Fund (IMF).
SOUNDBITE 1 (Arabic) – Egypt’s PM Hesham Kandil:
“The EGP 175 billion (USD 28.71 billion) deficit is more than expected. Last year, the budget deficit was expected to reach EGP 134 billion (USD 21.98 billion) but it has become EGP 175 billion. This increase in budget deficit burdens us to have to make up for it through borrowing.” Kandil told reporters that borrowing has to be side by side with increasing national and foreign investments, noting that the government targets 4.5% growth rate this year, which requires investments of about USD 45.28 billion.
SOUNDBITE 2 (Arabic) – Egypt’s PM Hesham Kandil:
“We are working on settling the budget deficit as one of the courses. The other course, which is relevant, is to increase investments, whether they are national or foreign investments. The targeted growth rate is from 4% to 4.5% by the end of this year, which, according to the government’s plan, requires investments of EGP 276 billion (USD 45.28 billion).” The Egyptian Prime Minister noted that the IMF loan to Egypt would reassure the world economic institutions about the Egyptian economy and its ability to pay off debt, stressing that the economic reform program is 100% national regardless of the IMF loan.
Kandil finally called on the Egyptian people to work with the government to avoid any further burdens to the country’s budget by refraining from workers’ protests that lead to closing companies and factories.

Local News Agency: Middle East Bureau / VCS
Shooting Dateline: September 12, 2012
Shooting Location: Cairo, Egypt
Publishing Time: September 12, 2012
Length: 0:01:51
Video Size: 91.3 MB
Language: Arabic
Column:
Organized by:
Correspondent:
Camera: VCS

SHOTLIST:
1. Wide external shot of the Cabinet headquarters in Cairo
2. Various shots of the press conference of Egypt’s PM Hesham Kandil
3. Medium shot of Egypt’s PM Hesham Kandil speaking during a press conference held at the Cabinet headquarters
4. Various shots of reporters listening and taking notes at the press conference
5. SOUNDBITE 1 (Arabic) – Egypt’s PM Hesham Kandil:
“The EGP 175 billion (USD 28.71 billion) deficit is more than expected. Last year, the budget deficit was expected to reach EGP 134 billion (USD 21.98 billion) but it has become EGP 175 billion. This increase in budget deficit burdens us to have to make up for it through borrowing.” 6. Various shots of the press conference and the attendees taking notes
7. Medium shot, cameramen shooting
8. Various shots of Kandil speaking during a press conference
9. SOUNDBITE 2 (Arabic) – Egypt’s PM Hesham Kandil:
“We are working on settling the budget deficit as one of the courses. The other course, which is relevant, is to increase investments, whether they are national or foreign investments. The targeted growth rate is from 4% to 4.5% by the end of this year, which, according to the government’s plan, requires investments of EGP 276 billion (USD 45.28 billion).” 10. Medium shot, cameramen shooting
11. Various shots of the press conference and the attendees
12. Wide shot of the press conference and Kandil speaking

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Engineers Present Their Inventions on...
Cairo, Egypt
By U.S. Editor
02 Sep 2012

Egyptian engineers and engineering students presented their inventions in the 11th session of the Egyptian Engineering Day, held by the IEEE GOLD Egypt (Institute of Electrical & Electronics Engineers) on September 2nd and 3rd at a large exhibition hall in Cairo, under the auspices of Egypt’s Prime Minister Hesham Kandil.

The annual two-day exhibition is a chance for creative young Egyptian engineers to introduce their innovations to the field of industry and make use of their creative graduation projects to be utilized.

The EDD is held this year under the slogan “Egypt Moves Forward.”

SOUNDBITE 1 (Arabic) – Eng. Mohamed Yousri, member of the EDD Executive Committee:
“The Egyptian Engineering Day is an exhibition for projects. Through competitions, students present their projects and we bring in the industrial sector. We make a link between the engineering and the industrial sectors so that these projects and great innovations can be used in the field of industry.”

The creativity of the young engineers impressed the visitors.

Some engineers presented a project of water-fuelled vehicles as an alternative for gas-fuelled cars, avoiding the pollution of gasoline and finding a renewable source of fuel.

Others manufactured their own racing cars, although Egypt doesn’t manufacture cars.

SOUNDBITE 2 (Arabic) – Eng. Michael Sidney, fresh graduate, Ain Shams University:
“Our graduation project is to manufacture a formula racing car and use it by participating in a race in England called ‘Formula Students’. We travelled this year and we scored the 11th place worldwide. We faced many issues as Egypt doesn’t manufacture cars and we had to design and manufacture our racing car. Some parts were difficult to get, as they are not manufactured in Egypt such as the engine, which we got from a racing motorbike. Apart from this, we designed and manufactured all the car components here in Egypt.”

SOUNDBITE 3 (Arabic) – Ahmed Mahmoud, Engineering student, Tanta University:
“Our graduation project is the water fuelled car. It is a car operating by water instead of gas due to the issues in the gas such as the pollution. We started searching for an alternative for the gasoline, and we find that the hydrogen is the best, which supplies three times the energy we get from gasoline. We started making electrical analysis in the water using a battery with water and applying 12 volts. It results in HHO gas that goes through the combustion engine through a flash arrestor to protect from backfire in the system so that the system is safe and secure.”

There are many other inventions such as the ROV or the Remotely Operated Vehicle which can be used as a spying robot under the far depth of water, lamps turning on and off by moving hands above, smart electric meters, etc, all designed and created by young Egyptian engineers.

The IEEE says that the EED is a symbol for the transitional stage of engineering and technology in Egypt.

Local News Agency: Middle East Bureau / VCS
Shooting Dateline: September 3, 2012
Shooting Location: Cairo, Egypt
Publishing Time: September 3, 2012
Length: 0:03:08
Video Size: 155 MB
Language: Arabic
Column:
Organized by:
Correspondent:
Camera: VCS
SHOTLIST:
1. Wide shot, the hall in Cairo where the inventions are displayed
2. Close up, an engineer wearing a T shirt written on it “EDD, Egyptian Engineering Day 2012”
3. Close up, an engineer wearing a T shirt written on it the slogan “Egypt Moves Forward”
4. Medium shot, crowds of visitors watching the innovations of the fresh engineers
5. Medium shot, a sign reading “IEEE” (The Institute of Electrical & Electronics Engineers)
6. Pan left, a miniature model for the Future City designed by an Egyptian fresh graduate engineer
7. Medium shot, an engineer showing visitors turning a lamp on and off remotely by moving his hands above it
8. Wide shot, crowds of visitors
9. SOUNDBITE 1 (Arabic) – Eng. Mohamed Yousri, member of the EDD Executive Committee:
“The Egyptian Engineering Day is an exhibition for projects. Through competitions, students present their projects and we bring the industrial sector. We make a link between the engineering and the industrial sectors so that these project and great innovations could be used in the field of industry.” 10. Pan right, visitors and engineers at the hall
11. Medium shot, a sign reading “Hydrogen-Car Fuel Injection Control”
12. Tilt down, a diagram and a monitor showing how a water fuelled car works
13. Various shots of a racing car designed by an Egyptian engineer
14. SOUNDBITE 2 (Arabic) – Eng. Michael Sidney, fresh graduate, Ain Shams University:
“Our graduation project is to manufacture a formula racing car and use it in participating in a race in England called ‘Formula Students’. We travelled this year and we scored the 11th place worldwide. We faced many issues as Egypt doesn’t manufacture cars and we had to design and manufacture our racing car. Some parts were difficult to get as they are not manufactured in Egypt such as the engine, which we got from a racing motorbike. Apart from this, we designed and manufactured all the car components here in Egypt.” 15. SOUNDBITE 3 (Arabic) – Ahmed Mahmoud, Engineering student, Tanta University:
“Our graduation project is the water fuelled car. It is a car operating by water instead of gas due to the issues in the gas such as the pollution. We started searching for an alternative for the gasoline, and we find that the hydrogen is the best, which emerges three times the energy we get from gasoline. We started making electrical analysis to the water using a battery with water and applying 12 volts. It results in HHO gas that goes through the combustion engine through a flash arrestor to protect from backfire in the system so that the system is safe and secure.” 16. Medium shot, a sign reading “ROV – Remotely Operated Vehicle”
17. Medium shot, crowds of visitors and a group of young women at the hall
18. Various shots of the inventions presented by Egyptian fresh engineers
19. Pan right, crowds of visitors at the exhibition hall

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Editor's Picks 23 August 2012
Tripoli, Lebanon
By Editor's Picks
22 Aug 2012

Egypt’s PM Hesham Kandil held a joint press conference on Wednesday, August 22, with head of the International Monetary Fund (IMF) Christine Lagarde where he said that the loan which is set to be received from the IMF, would be USD 4.8 billion, with a five year term at 1.1% interest and a grace period of 39 months.

Security officials, senior figures and Islamic personalities of the northern city of Tripoli announced on Tuesday that an agreement was reached between the residents of Bab al-Tabbaneh to implement an immediate ceasefire after the clashes that had been raging within the Jabal Mohsen neighborhood since Monday.

Waiting For Rain: Beijing's Water Crisis
A multimedia documentary about the water problems facing Beijing. The Chinese capital is presently confronted with dropping water levels, limited precipitation and a steadily growing population.
This video examines the causes of the water problem, their resultant effects and some of the solutions which are being implemented to combat the looming crisis.

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Editor's Picks 15 Aug 2012
Cairo, Egypt
By Editor's Picks
14 Aug 2012

Since the attacks, clashes, and ongoing raids in search of suspected gunmen in the Sinai, Egypt closed off the smuggling tunnels and opened up the Rafah border to Gaza on Tuesday, August 14. Many Palestinians from Gaza cross into Egypt seeking medical attention, while pilgrims returning from Mecca are headed home. At the same time, the Egyptian military continues with their campaign to secure the North Sinai region, unearthing "suspected terrorists."

A separate incident near the Al Arish airport occurred when an oil truck exploded, killing the driver and injuring two others.

Upon signing a $200 million USD loan from the World Bank to Egypt, Prime Minister Kandil also revealed that World Bank representatives will arrive the following week to discuss further loans in the amount of $3.2 billion USD. The loans will be directed at economic recovery in Egypt, creating jobs and infrastructure.

Meanwhile, President Morsi is seeing mixed reactions to the dissolution of the Complementary Constitutional Declaration as well as his unexpected decision to replace Tantawi as head of Egypt's Supreme Council of the Armed Forces. Several who support the decision remain skeptical to the long-term impact while some fear the decisions could be a step toward handing the Muslim Brotherhood more power.