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Qandil arrives in Doha

An Egyptian delegation led by Prime Minister Hesham Qandil arrives in Qatar on Tuesday evening to discuss eight new investment projects

Emily Crane

Morsy drops farmers’ debts

Addressing his audience of fellaheen (farmers), President Mohamed Morsy echoed former President Gamal Abdel Nasser, saying “I’m one of you in terms of roots and upbringing.” In his speech on Tuesday commemorating farmers’ day, Morsy praised Egypt’s fellaheen, stating that “Egypt’s farmers were the first to rebel against tyranny 4,000 years ago.” Presidential spokesman, Yasser …

Islam Serour

Presidential decision to drop debts of 41,000farmers

By Islam Serour The legal consultant to President Morsy, Mohamed Fouad Gadallah, announced that the president would issue a decision to drop agricultural debts owed by 41,000 farmers. “After meeting Dr Mohsen Al-Batran, Chairman of the Development and Agricultural Credit Bank (DACB) and head of Farmers Syndicate, an agreement to drop EGP 93 million, representing …

Daily News Egypt

Presidential spokesperson denies dropping farmers’ debts

By Islam Serour The President’s spokesman, Dr Yasser Ali denied rumours about dropping the debts of 62,000 farmers, indicating that the decision is still undergoing study and research. The rumour originated on the ‘Kolena Wael Ghonem’ (“We are all Wael Ghonem”) Facebook page which stated, “Morsy drops EGP 109 million of debts to the agricultural …

Daily News Egypt

Fresh strategy for developing food and agricultural industries

By NihalMounir Mahmoud Eissa, Minister of Industry and Foreign Trade, said that a comprehensive strategy to develop food and agricultural industries is currently being finalised. The strategy is in a similar vein to a group of Ministry of Industry and Foreign Trade strategies to develop the Egyptian engineering and textiles sectors, which included mechanisms for …

Daily News Egypt

UN, EBRD to boost Mediterranean agribusiness

By Reem Abdellatif CAIRO: The region’s high-potential but underutilized agribusiness sector is about to get a boost, with a close eye on promoting private sector investment. The European Bank for Reconstruction and Development (EBRD) and the United Nations’ Food and Agriculture Organization (FAO) signed Wednesday an agreement worth $2.2 million, with the aim of promoting agribusiness …

DNE

Egypt’s Citadel to grow staple crops in South Sudan

By Ulf Laessing / Reuters JUBA: A unit of Egyptian private equity firm Citadel Capital plans to cultivate up to 40,000 acres of farmland in South Sudan to sell staple foods such as maize in the newly-independent nation, an executive said on Tuesday. South Sudan seceded from Sudan in July under a peace agreement that ended …

DNE

When technophobia becomes toxic

By Henry I. Miller STANFORD: During the late 1990s, a singular phenomenon appeared in countries around the world. One after another, food and beverage companies capitulated to activists opposed to a promising new technology: the genetic engineering of plants to produce ingredients. They are still capitulating to this day. The Japanese brewer Kirin and the Danish …

DNE

Japan, World Bank to help Egypt modernize irrigation

CAIRO: Japan, through a $3 million grant, and the World Bank are partnering with Egypt to support the country’s efforts in modernizing irrigation. The Japan Social Development Fund (JSDF) will provide the grant “to pilot participatory approaches in farm-level irrigation modernization,” according to a World Bank statement. “The grant includes a new approach to the …

DNE

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