G-15 News: Egypt

Egypt-Sudan Electricity Linkage Step Towards African Power Grid

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The Egyptian-Sudanese electricity linkage is a serious step towards similar linkages with other African nations, said the political adviser of the African Parliament's head.<br />
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Mostafa al-Guindy, an Egyptian lawmaker and head of the parliamentary block of North Africa, said such linkages will turn Egypt into a regional hub for the exchange of power, especially that the country succeeded in creating a surplus of electricity.<br />
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Several African countries urgently need electricity, hence the paramount importance of a power network that connects the states in the continent, Guindy said, adding that such a project would sustain electrical power for all participating countries.<br />
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He called on African governments to facilitate the requirements of the hopeful project, as well as Egypt's other direction to establish a network of roads and railways connecting African countries to achieve economic and commercial integration and investment projects in different fields.<br />
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Minister of Electricity and Renewable Energy announced that electricity linkage with Sudan started experimental operation on Sunday, planning to official launch the project in a ceremony by the end of this week.<br />
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The capacity of the first phase being operated is 50 megawatts. The Egyptian Electricity Transmission Company has completed the construction of the 300-megawatt electrical connection line with Sudan. The extension of Toshky transmission plant, which is a double circuit transmission line stretching over 170 kilometers with a capacity of 220/66 kV, has been established and linked with Sudan’s Wadi Halfa in collaboration with Siemens. The first phase of the linkage was due to enter service in March but has been delayed.<br />
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Chairperson of the Egyptian Electricity Transmission Co. (EETC) Sabah Mashaly indicated in a press release in February that the cost of the project is LE32, 550, 000 and €562500. The statement explained that the network consists of air-insulated substations (AIS) to inhibit power loss. The amount of electricity to be transmitted is estimated to be 400 megawatts.<br />
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An official from the Ministry of Electricity pointed out that the Egyptian Electricity Transmission Co. finished the overhead power lines in a record time of less than six months, revealing that experts from both countries are exchanging visits to accelerate the final works in the project.<br />
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The following phases will enter service gradually in tandem with the rate of accomplishment on the Sudanese side, a source at the Ministry of Electricity and Renewable Energy told Egypt Today.</div>

Egypt-Sudan Electricity Linkage Step Towards African Power Grid

illustration The Egyptian-Sudanese electricity linkage is a serious step towards similar linkages with other African nations, said the ...

Egypt Hosts 1st International Arms Expo

Admin 0 Egypt, english, galeri, oki 21:31

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In a bid to boost image, Egypt hosts 1st international arms expo<br />
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Egypt opened its first international weapons fair on Monday, an event that organizers hope will project a message to the world that the country is secure and stable.<br />
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The three-day Egypt Defence Expo features the world's top arms companies and hundreds of military and civilian participants from dozens of countries.<br />
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The United States, Egypt's largest arms supplier, had over 40 companies present, alongside major firms from Britain, France and Germany, as well as Russia, China, India and Gulf monarchies.<br />
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"We are seeing a shift in paradigm away from some of the heavy machinery that characterize our assistance in past years toward a more nimble kind of approach to countering terrorism," U.S. Embassy Deputy Chief of Mission Dorothy Shea said.<br />
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"We are trying to share our hard-won lessons from the battlefield and help our Egyptian colleagues take advantage of that and make sure that their acquisitions of equipment are appropriate and really benefit them to the maximum." (<b><a href="https://economictimes.indiatimes.com/news/international/world-news/in-a-bid-to-boost-image-egypt-hosts-1st-international-arms-expo/a-message-to-the-world/slideshow/66935466.cms">source</a></b>)<br />
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Egypt Hosts 1st International Arms Expo

Source In a bid to boost image, Egypt hosts 1st international arms expo Egypt opened its first international weapons fair on Monday, ...

Saudi-Egypt Red Sea Bridge

Admin 0 budaya, Egypt, english 20:00

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King Salman of Saudi Arabia has said that an agreement has been reached with Egypt to build a bridge over the Red Sea connecting the two countries.<br />
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The monarch made the announcement in televised comments on Friday - the second day of his visit to Cairo - after meeting Egyptian President Abdel Fattah el-Sisi, and before representatives of the two countries began signing investment deals.<br />
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"I agreed with my brother, his Excellency President Abdel Fattah el-Sisi, to build a bridge connecting the two countries," Salman said.<br />
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"This historic step to connect the two continents, Africa and Asia, is a qualitative transformation that will increase trade between the two continents to unprecedented levels."<br />
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It was not mentioned where the bridge would be built, but at the closest point - Nabq, just north of Sharm el-Sheikh, in Egypt, and Ras Alsheikh Hamid, in Saudi Arabia - the two countries are 16km apart. (<b><a href="http://www.aljazeera.com/news/2016/04/saudi-arabia-egypt-announce-bridge-red-sea-160409032158790.html">source</a></b>)</div>

Saudi-Egypt Red Sea Bridge

King Salman of Saudi Arabia has said that an agreement has been reached with Egypt to build a bridge over the Red Sea connecting the two ...

The Purpose of The Group of 15 Summit

Admin 0 Algeria, Argentina, Brazil, Chile, Egypt, galeri, India, Indonesia, Iran, Jamaica, Kenya, Malaysia, Mexico, Nigeria, Peru, politik, Senegal, Sri Lanka, Venezuela, Zimbabwe 14:24

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The G15, a group of 17 developing countries from Asia, Africa and Latin America, was set up to foster cooperation and provide input for other international groups, such as the World Trade Organization and the Group of Seven rich industrialized nations.<br />
Current Composition<br />
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The G15 is comprised of Algeria, Argentina, Brazil, Chile, Egypt, India, Indonesia, Iran, Nigeria, Jamaica, Kenya, Nigeria, Malaysia, Mexico, Peru, Senegal, Sri Lanka, Venezuela and Zimbabwe<br />
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Latest News<br />
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MONTEGO BAY, Jamaica (Reuters) - Leaders from developing countries moved to an exclusive Jamaican country club Thursday to put the finishing touches on proposals to ease the world's financial crisis.<br />
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The one-day retreat, modeled on the closed-door leaders' meetings held at some other international events, will give heads of delegations to the Group of 15 summit the chance to talk without ministers or aides present.<br />
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Officials said they would debate a few proposed changes to a draft communique, including a suggestion from Malaysia's outspoken leader, Mahathir Mohamad, to ``emphasize the need for both the developed and the developing world to have a voice in the process of reforming the international financial system.''<br />
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Officials said the document also will include proposals to reform the International Monetary Fund, which many delegates have criticized for proposing inappropriate recipes to the troubled economies of Asia and Latin America.<br />
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``We want to look at the multilateral institutions,'' Nigerian Planning Minister Rasheed Gbadamosi told Reuters. ''Maybe there are not enough resources available to the IMF.''<br />
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The G15, a group of 17 developing countries from Asia, Africa and Latin America, was set up to foster cooperation and provide input for other international groups, such as the World Trade Organization and the Group of Seven rich industrialized nations.<br />
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The G15 is comprised of Algeria, Argentina, Brazil, Chile, Egypt, India, Indonesia, Jamaica, Kenya, Nigeria, Malaysia, Mexico, Peru, Senegal, Sri Lanka, Venezuela and Zimbabwe.<br />
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Delegates admit the countries do not see eye to eye on all trade, development and finance issues, but they say the leaders want to step up cooperation and speak with a single voice at other international gatherings.<br />
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But all but one of the G15 Latin American heads of state stayed away from the Jamaica summit, some of them for the third or fourth successive time, and officials from the host country could barely hide their disappointment.<br />
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``Within the Asian and African representations, there is sometimes a feeling that within our region there is less than full, unqualified commitment,'' said Anthony Hill, the Jamaican prime minister's representative at the talks.<br />
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The G15 countries include both open economies such as Mexico and Argentina and those which, like Malaysia, are seeking to control capital flows.<br />
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Mahathir said Wednesday that the unbridled movement of money across borders had impoverished Asia's once-proud tiger economies and put their very independence at risk.<br />
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``The great Asian tigers are now no more,'' he said. ''Reduced to whimpering and begging, they are but a shadow of their former selves.''</div>

The Purpose of The Group of 15 Summit

The G15, a group of 17 developing countries from Asia, Africa and Latin America, was set up to foster cooperation and provide input for o...

Tehran to host G15 summit

Admin 0 Algeria, Argentina, Brazil, Chile, Egypt, galeri, India, Indonesia, Iran, Jamaica, Kenya, Malaysia, Mexico, Nigeria, Peru, politik, Senegal, Sri Lanka, Venezuela, Zimbabwe 14:20

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Iran's Foreign Ministry spokesman says an upcoming meeting of the Group of 15 (G15) will present a good opportunity for cooperation to member states.<br />
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Ramin Mehmanparast said the 14th Summit of the G15 will be held in Tehran on May 17.<br />
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"The summit, which will bring together representatives from important countries, will provide a great capacity for expansion of economic [ties] and political cooperation (among member states,)", the Fars news agency quoted Mehmanparast as saying on Monday.<br />
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He noted that Brazilian President Luiz Inacio Lula da Silva and Sri Lankan President Mahinda Rajapaksa are among the senior guests attending the summit.<br />
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The Group of 15 was established at the 9th Non-Aligned Movement Summit Meeting in Belgrade, Yugoslavia, in September 1989, with a common goal of enhanced growth and prosperity in its member states.<br />
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The number of the G15 members has expanded to 18 countries from North America, South America, Asia and Africa, but the name has remained unchanged.</div>