Search

 

Cablegate: Egypt's Economy: Semptember 30 Press Round-Up

VZCZCXYZ0006
RR RUEHWEB

DE RUEHEG #1874 2731433
ZNR UUUUU ZZH
R 301433Z SEP 09
FM AMEMBASSY CAIRO
TO RUEHC/SECSTATE WASHDC 3731
INFO RUCPDOC/DEPT OF COMMERCE WASHDC
RUEATRS/DEPT OF TREASURY WASHDC
RUEHRC/DEPT OF AGRICULTURE WASHINGTON DC

UNCLAS CAIRO 001874

SIPDIS

STATE FOR NEA/ELA

E.O. 12958: N/A
TAGS: ECON ETRD EAGR EPET PGOV EG
SUBJECT: EGYPT'S ECONOMY: SEMPTEMBER 30 PRESS ROUND-UP

1.(U) The following are notable economic news stories that appeared over the past week in the Egyptian press: -------------------------------------- Exports to Agadir Member States up 22% --------------------------------------

2.(U) The Ministry of Trade and Industry reported that Egypt's exports to its trading partners under the Arab Mediterranean Free Trade Agreement (Agadir Agreement)were US$586 million from January to May 2009, a 22% rise compared to the same period in 2008. Egypt signed the Agadir Agreement in 2004 along with Jordan, Tunisia and Morocco. (Al Ahram, 9/20/2009). ------------------------------------- Egypt Has 50 Million Cell Phone Users -------------------------------------

3.(U) According to a report published by the Ministry of Telecommunication and Information Technology (MCIT), the number of Egyptian mobile phone subscribers reached 50 million. This represents an increase of more than 14 million over last year. The number of internet users was reported at 13.7 million, though only a fraction, 900,000 users, had broadband internet service. (Al Ahram, 9/23/2009). ------------------------- Egypt's Oil Production Up -------------------------

4.(U) Minister of Petroleum, Sameh Fahmi, released new figures on Egypt's crude oil production. According to Fahmi, Egypt now produces 700,000 barrels per day (up from 620,000 barrels in 2008) and that Egypt's oil reserves amount to 4.4 billion barrels (Al Ahram, 9/22/2009). ----------------------- Liberalizing Irrigation -----------------------

5.(U) The Ministry of Irrigation has prepared a draft law that would allow the participation of private organizations in the management of underground water and river water. The new law will allow for and regulate the participation of users in decisions on water use and maintenance of canals-- an area which has been the exclusive purview of the Ministry. (Al Shorouk, Al Masry Al Youm, 9/23/2009) ------------------------------- H1N1 Cases in Egyptian Prisons -------------------------------

6.(U) Egyptian state security has raised its state of alert because of cases of the H1N1 virus detected in prisons and detention cells. (Al-Arabiya Net 9/27/09). SCOBEY

© Scoop Media

 
 
 
World Headlines

 


Sudan: 15 Attacks On Health Facilities And Workers In Two Months

With the crisis escalating in Sudan, there have been 15 reports of attacks on healthcare workers and health facilities since last November, the World Health Organization (WHO) said on Wednesday... More>>

Kazakhstan: Bachelet Urges Peaceful Resolution Of Grievances
Amid alarming reports of deadly violence in Kazakhstan, UN High Commissioner for Human Rights Michelle Bachelet on Thursday urged all, including security forces, protesters and others, to refrain from violence and to seek a peaceful resolution of grievances... More>>


Pitcairn Island’s Christmas Present: Two-year Covid-19 Lockdown Lifted
The 50 inhabitants of remote Pitcairn Island, a tiny one-by-two-mile volcanic outcropping in the far reaches of the South Pacific Ocean, have just received the best Christmas present they could hope for...
More>>


Tigray: Agencies Suspend Aid As ‘Scores’ Are Killed Due To Airstrikes
Recent airstrikes on camps for internally displaced persons and refugees in Tigray, northern Ethiopia, have reportedly killed scores of civilians, including children, and left many more injured... More>>


UN News: For 25th Year In A Row, Greenland Ice Sheet Shrinks

2021 marked the 25th year in a row in which the key Greenland ice sheet lost more mass during the melting season, than it gained during the winter, according to a new UN-endorsed report issued on Friday... More>>


Afghanistan: Economy In ‘Freefall’, Threatening To Take Entire Population With It

Afghanistan’s economy is in “free fall”, the UN Emergency Relief Coordinator told a special meeting on Sunday, warning that if decisive and compassionate action is not taken immediately, it may “pull the entire population with it”... More>>