GDP is an outdated way of measuring the health of the economy

The Conversation —Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world. People feel left behind, impoverished and unvoiced. They are looking to ethno-nationalist strongmen to help them. Right-wing movements and governments are on the…

Egypt, UAE discuss cooperation in water resources development

Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met Mariam Khalifa Al Kaabi, UAE Ambassador to Cairo, to discuss ways to enhance cooperation in water resources development, on Tuesday.   During the meeting, Sweilem stressed the importance of concerted efforts in the Arab region, which is one of the…

SODIC achieves record EGP 31bn in gross sales for Q3 2024

Sixth of October Development and Investment Company (SODIC) has released its consolidated financial results for the first nine months of 2024.   SODIC reported robust financials with gross contracted sales reaching EGP 39.8bn, marking a 101% year-over-year increase and a low cancellation rate of 1.2%. Net cash collections amounted to…

Think Big to expand into Middle East, Arab Gulf

Think Big for Shipping and Logistics plans an ambitious expansion into the Middle East and Arab Gulf regions, building on its previous successes in the United States, Germany, South Africa, and Senegal. Mohamed Kamal, Chairperson of Think Big, stated that the upcoming expansion plans are grounded in the company’s achievements…

Local Development Minister, UNDP review progress of cooperation initiatives

Manal Awad, Egypt’s Minister of Local Development, welcomed Alessandro Fracassetti, the UNDP Resident Representative in Egypt, at the ministry’s headquarters in the New Administrative Capital. The meeting focused on updates regarding cooperative initiatives between the Ministry of Local Development and UNDP, particularly the EU-funded Technical Support Project for Decentralization and…

SulleX Launches Initiative to Support Small Industrial Enterprises with Financial Facilities for Manufacturers

SulleX, a company specializing in the establishment of logistics hubs, has launched an ambitious new initiative aimed at supporting small industrial projects. The company has allocated a number of factory spaces, starting from 570 square meters, within the SulleX-TRC Industrial City, to encourage small-scale manufacturers looking to invest and expand their industrial…
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