CAIRO, August 7, 2018 (MENA) - Egyptian Minister of Planning Hala Saeed on Tuesday said that the industrial sector is playing an important role in the national economy. At a meeting with head of the Egyptian Federation for Investors Associations Mohamed Farid Khamis, she added that the government depends on this sector to achieve marked progress in the development process. She pointed out that the government seeks achieving a growth rate ranging between 7.5-8 per cent. For his part, Khamis said that the industrial sector is capable to provide hard currency through exports and is also able to create more jobs for young people. He underlined on this score the importance of upgrading technical education for providing skilled labor in different industrial sectors. … [Read more...] about Industrial sector important for Egyptian economy
The dismissal of Mohamed Boussaid, Economy and Finance Minister, by King Mohammed VI came as Morocco is elaborating key economic and financial projects that will leave the upcoming minister with heavy responsibilities. Boussaid was sacked by King Mohammed VI in line with Article 47 of the constitution and in implementation of the principle of linking responsibility to accountability. Some analysts say he had to be dismissed because of his ill-management of the Economy and Finance ministry after dysfunctions that has marred a set of key projects in the country. Starting with the appropriation bill, the successor of Boussaid will have to lead discussions for a 2019 budget that is elaborated in difficult conditions marked by a potential rise in oil prices and unfavorable international climate marked by sluggish growth in the EU, Morocco’s main trading partner. The new economy and finance minister will also have to tackle the issue of the gradual dirham liberalization. Although the … [Read more...] about Major Reforms Await Successor of Sacked Economy & Finance Minister
Photo by Shiho Fukada/Bloomberg Shiho Fukada/Bloomberg President Donald Trump framed his decision to revisit fuel-economy regulations enacted by his predecessor as a move to help American auto workers."We're going to work on the CAFE standards so you can make cars in America again," he told auto workers in March 2017 outside of Detroit, referring to the Corporate Average Fuel Economy. "We're going to help the companies, and they're going to help you."But according to some experts — and even the agencies that last week recommended easing Obama-era fuel economy mandates — those workers may be less in-demand if the proposal takes effect.Zoe Lipman, advanced transportation director from BlueGreen Alliance, a partnership between labor unions and environmental advocates, said that U.S. automakers have invested $63.8 billion in U.S. facilities and have promised another $12.4 billion through 2020 — much of it to meet the environmental dictates. At least … [Read more...] about Trump said his fuel economy re-do would help workers. Will it?
By LESLEY WROUGHTON and Parisa Hafezi Reuters August 06. 2018 9:49PM WASHINGTON — President Donald Trump’s top security adviser on Monday urged Iran to take up an offer of talks with the United States or suffer more pain from economic sanctions, but Iran’s president said Washington needed first to prove it can be trusted. Hours before revived U.S. sanctions were due to kick in, White House national security adviser John Bolton said Iran should pay heed to Trump’s willingness to negotiate. “They could take up the president’s offer to negotiate with them, to give up their ballistic missile and nuclear weapons programs fully and really verifiably,” Bolton told Fox News. “If the ayatollahs want to get out from under the squeeze, they should come and sit down. The pressure will not relent while the negotiations go on,” said Bolton, one of the administration’s main hawks on Iran. So-called snapback sanctions, due to come into force … [Read more...] about Renewed U.S. sanctions target Iran’s economy
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