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Egypt's unemployment rate jumped to 1...
Cairo, Egypt
By Video Cairo Sat
03 May 2013

Egypt's unemployment rate increased to 12.7% in 2012, up from 12% in 2011, and 9% in 2010, according to a report released by the Central Agency for Public Mobilization and Statistics (CAPMAS).

This brings the total number of unemployed to 3.4 million, up from 3.1 million in 2011, an increase of 242,000 people.

Particularly, the unemployment rate was 42.7 percent among young people between 20 and 24 years old and was 23 percent among those between 25 and 29 in that year.

SOUNDBITE 1 (Arabic) – Ahmed Bahaa El-Din Shaaban, member of both the ‎National Association for Change reform movement and ‎Egypt's Socialist Party:

The number of those employed in 2012 was 23.6 million workers; also there were only about 4.7 million working women in Egypt in 2012, according to the figures.

CAPMAS attributed the increase to the circumstances in Egypt following the 25 January Revolution and the ensuing events “that resulted in a slowdown in economic activities during this period.

These data show the need to embark on an economic reform program that prevents the government from relying on foreign aid, loans and deposits in order to provide the resources.

SOUNDBIDTE 2 (Arabic) – Haytham Mohamadeen, member of the political bureau of the revolutionary socialists:

On the other hand, hundreds of workers marked the Labour Day with marches and protests to voice their discontent with the unfulfilled longstanding demands of workers even after the revolution.

Among these demands are the implementation of minimum wage, independent and representative syndicates for workers, and putting an end to legislation that harms the labour movement.

Local News Agency: Middle East Bureau / VCS
Shooting Dateline: Archive except the soundbites
Shooting Location: Cairo, Egypt
Publishing Time: May 2, 2013
Length: 00:02:11
Video Size: 107 MB
Language: Arabic
Column:
Organized by:
Correspondent:
Camera: VCS

SHOTLIST:

  1. Various shots of youth at the universities (Archive)
  2. Various shots of people seating in cafes downtown Cairo (Archive)
  3. SOUNDBITE 1 (Arabic) – Ahmed Bahaa El-Din Shaaban, member of both the ‎National Association for Change reform
  4. Various shots of workers preparing materials and working women inside the factories (Archive)
  5. SOUNDBIDTE 2 (Arabic) – Haytham Mohamadeen, member of the political bureau of the revolutionary socialists:
  6. Various shots of protestors raising banners and poster of former president Gamal Abdel Nasser during a protest marking the Labour Day, downtown Cairo (Archive May: 1)
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Demonstration in Athens
Athens, Greece
By Nikolas Georgiou
11 Nov 2012

Thousands gather in front of the Greek Parliament responding to a call by left wing parties and workers' unions to protest over the 2013 budget which would bring more cuts in wages and social wellfare.

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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