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Greece to hurry reform proposals for EU loans

Athens - Arab Today

Greece will speed up its reform proposals to its international creditors to unlock vital loans, its finance minister said Tuesday. "(On March 9) I will submit a folder of six proposals and discuss with our peers which ones can be implemented immediately," Finance Minister Yanis Varoufakis told Star TV in an interview. Greece's new radical government has until April to

Financial dealings inside Egypt shall be in EGP

Cairo - Arab Today

Prime Minister Ibrahim Mahlab on Monday said that dealings inside Egypt whether purchase or sale of goods and the services are in Egyptian pounds, unless otherwise stipulated in an international convention, according to article 111 of Egypt's Banking Law No. 88. Any violation will be faced firmly, the premier added during a meeting of the economic ministerial committee. The ministerial

Qatar committed to supporting sustainable water resources

Doha - Arab Today

Under the wise leadership of HH the Emir Sheikh Tamim Bin Hamad Al -Thani, the State of Qatar is committed to support sustainable water sources, its conservation in consistent with the Arab Water Day under the theme of 'Rationalizing use of water to achieve sustainable development", HE Minister of Energy and Industry Dr. Mohammed Bin Saleh Al-Sada said today. Speaking

60 nations to take part in economic conference

Cairo - Arab Today

Prime Minister Ibrahim Mahlab said 60 countries will take part in the economic conference to be held in the Red Sea resort of Sharm el Sheikh last this month. He told El Aosboa daily more than 2,000 foreign and Arab investors will attend the conference. He said the government will present 22 major projects and seven joint projects with the

Improving peasants' conditions 'crucial' part of government programme

Cairo - Arab Today

Prime Minister Ibrahim Mahlab affirmed that improving peasants' conditions are crucial part of the government's program for social justice. Upper Egypt is among the top priority of the government's economic and development plans, Mahlab added during his meeting Sunday with a number of board members of the general assembly of sugar cane's producers. The farmers' representatives submitted a memo which

No time for increase in petroleum products prices

Cairo - Arab Today

Finance Minister Hany Qadri on Sunday denied reports that a time for an increase in prices of petroleum products was set. In statements Sunday, Qadri said that the reports are totally false and groundless, as the ministry has issued no statements regarding the issue. Media reports said that an increase in the prices of petroleum products would be applied soon.

15 new investment projects in Sharm conference

Aswan - Arab Today

Minister of Housing, Utilities and new urban communities Mostafa Madbouly revealed the new agenda of his ministry which will be forwarded to the economic conference which will be held in Sharm el Sheikh in March. During a tour of housing projects in the new Aswan city, the minister said the agenda covered between 12 and 15 projects nation-wide. On the

Industries Qatar grows despite challenge

Doha - Arab Today

HE Minister of Energy and Industry Mohammed bin Saleh Al Sada said Sunday that Qatar Industries recorded profits of QR6.3 billion for the year of 2014, with an increase of 12%. His Excellency added that the profits were made despite of many challenges facing the industry, particularly the sharp decline in oil prices in the final quarter of the year.

Greece needs time

Berlin - Arab Today

German Finance Minister Wolfgang Schaeuble said Sunday Greece's new hard-left government needs "a bit of time" but is committed to implementing necessary reforms to resolve its debt crisis. "The new Greek government has strong public support," Schaeuble said in an interview with German newspaper Bild am Sonntag. "I am confident that it will put in place the necessary measures, set

SMEs playing dominant role in global economy

Dubai - Arab Today

Investments in small and medium-sized enterprises (SMEs) will be a key topic of discussion at the Annual Investment Meeting (AIM) 2015, to be held from 30 March to 1 April at the Dubai International Convention and Exhibition Centre under the patronage of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum. AIM

Ministry to step up crackdown on child labour

Amman - Arab Today

The Ministry of Labour on Tuesday announced it will take stricter measures to curb child labour, and minister Nidal Qatamin said firms or installations proven to have recruited children or workers under 16 years of age will be subject to penalties. "Child labour negatively affects children's physical and mental health and social safety and interferes with their ability to attend

Kuwait honours vows against money laundering

Kuwait - Arab Today

Minister of Finance Anas Al-Saleh said here on Saturday the State of Kuwait has fulfilled its earlier undertakings to promote the mechanisms of fighting money laundering and terrorist financing, citing a recent international report in this regard. The minister said in a statement that the Financial Action Task Force (FATF), which is charged with fighting money laundering and terrorist financing,

Green economy is best way to achieve development in Egypt

Cairo - Arab Today

Environment Minister Khaled Fahmi underlined that the green economy is the best way to achieve aspired development in Egypt. "We spoke about the green economy and now it is time to implement it, relate it to the poor and establish mechanisms to finance the African countries, especially in new projects," the minister said. He further underscored that the green economy

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