| وزارة التعاون الدولي | |
| Agency overview | |
|---|---|
| Jurisdiction | Government of Egypt |
| Headquarters | New Administrative Capital, Cairo Governorate |
| Agency executive |
|
| Website | moic |
The Ministry of Investment and International Cooperation is the ministry in charge of economic cooperation and development between the Arab Republic of Egypt and the Arab States, foreign countries, and international and regional organizations. It also aids in economic and social development within Egypt. Its headquarters are located in New Administrative Capital.
The Ministry of International Cooperation was merged with the Ministry of Investment in September 2017. [1] It is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. [2] In late 2016, the ministry talked of receiving 120 million euros from the European Union for services to help the economically disadvantaged, for example, to expand the number of children receiving school meals, to aid families running small businesses, and to assist youth with employment skills. [3]
On 2 August 2017, the Minister, Sahar Nasar, reported that foreign investment in Egypt would exceed $10 Billion (US dollars). In 2016 Egyptian president Abdel Fattah el-Sisi had moved to float the Egyptian pound and this resulted in lower costs for doing business in Egypt. [4]
In 2018, the Minister announced that Egypt is working to diversify foreign investment stressing several times that the goal is to create jobs. Nasr stated Egypt is working to attract investments from Europe and the US, and continues improvements in cutting red tape when doing business in Egypt. Nasr talked about the improved social stability and Egypt's focus on developing Sinai as a way of countering extremism. [5] [6]
Nasr announced that as of August 2018, sole proprietors can license their company's thanks to improvements made to Egypt's Company's Law and described the limited tax liability benefits to those Small and Medium-sized Enterprises. [7]
The Cabinet of Egypt is the chief executive body of the Arab Republic of Egypt. It consists of the Prime Minister and the cabinet ministers.
The General Intelligence Service, often referred to as the Mukhabarat is an Egyptian intelligence agency responsible for providing national security intelligence, both domestically and internationally. The GIS is part of the Egyptian intelligence community, together with the Office of Military Intelligence Services and Reconnaissance and National Security Agency.
Cyprus–Egypt relations refer to bilateral relations between Cyprus and Egypt. Due to the strong cultural and historical ties between the two nations, Cyprus and Egypt today enjoy friendly, and strategic relations. Modern diplomatic relations between the two countries were established soon after Cyprus gained its independence in 1960, and are regarded as cordial. Cyprus has an embassy in Cairo and Egypt has an embassy in Nicosia.
The Ministry of Foreign Affairs of the Arab Republic of Egypt is the Egyptian government ministry which oversees the foreign relations of Egypt. On 17 July 2014 Sameh Shoukry was appointed Minister of Foreign Affairs.
After the neighboring countries of Egypt and Libya both gained independence in the early 1950s, Egypt–Libya relations were initially cooperative. Libya assisted Egypt in the 1973 Arab-Israeli War. Later, tensions arose due to Egypt's rapprochement with the west. Following the 1977 Egyptian–Libyan War, relations were suspended for twelve years. However, since 1989 relations have steadily improved. With the progressive lifting of UN and US sanctions on Libya from 2003 to 2008, the two countries have been working together to jointly develop their oil and natural gas industries.
Egypt–Greece relations refer to bilateral relations between Egypt and Greece. Due to the strong cultural and historical ties between the two nations, Egypt and Greece today enjoy friendly relations. Modern diplomatic relations between the two countries were established after Greece gained its independence in 1830, and are today regarded as cordial. Both countries are members and partners in several international organizations such as the UN, IMF, OSCE, and the Union for the Mediterranean.
The Ministry of Finance of Egypt is part of the Cabinet of Egypt. It is responsible for increasing the rate of economic growth and job creation, thus contributing to raising the standard of living of the individual and society as a whole. The current minister is Mohamed Maait. It is located in Ministry of Finance Towers, Nasr City.
Abd el-Fattah Saeed Hussein Khalil el-Sisi is an Egyptian politician and retired military officer who has served as the sixth and current president of Egypt since 2014. Before retiring as a general in the Egyptian military in 2014, Sisi served as Egypt's deputy prime minister from 2013 to 2014, minister of defense from 2012 to 2013, and director of military intelligence from 2010 to 2012. He was promoted to the rank of Field Marshal in January 2014.
The Sinai insurgency was an insurgency in the Sinai Peninsula, Egypt, that was commenced by Islamist militants against Egyptian security forces, which have also included attacks on civilians. The insurgency began during the Egyptian Crisis, during which the longtime Egyptian president Hosni Mubarak was overthrown in the 2011 Egyptian revolution.
Corruption laws exist in Egypt to criminalize extortion, embezzlement and bribery in business, but they are poorly enforced.
Sherif Ismail was an Egyptian engineer and politician who served as the prime minister of Egypt from 2015 to 2018. He was also the minister of petroleum and mineral resources from 2013 to 2015.
The Ministry of Environment is the ministry is responsible for environmental affairs in the Arab Republic of Egypt. The current minister is Yasmine Fouad.
The Egypt Economic Development Conference (EEDC) was a three-day event that took place in the Egyptian Red Sea resort of Sharm El Sheikh, Egypt. On March 13, 2015, over 2,000 delegates from 112 different countries arrived in Egypt to attend the conference.
The October 2016 Sinai attacks was a terrorist attack on an Egyptian army checkpoint in the city of Bir al-Abed, Egypt, on 14 October 2016. A group of militants armed with assault rifles and heavier weapons attacked an Egyptian army checkpoint while mortar rounds and rockets were fired directed to a military checkpoint. In response, the Egyptian military forces killed around 15 militants following the attack. The Islamic State's Wilayat Sinai branch claimed responsibility in a statement released later the same day.
Ahmed Mahmoud Darwish is an Egyptian politician. He served as the first Chairman of the General Authority of Suez canal Economic Zone from 2015 to 2017. He previously served as Minister of State for Administration Development in the Nazif Cabinet between 2004 and 2011.
Mostafa Kamal Madbouly is the Prime Minister of Egypt, serving since 2018. He was appointed by President Abdel Fattah el-Sisi to succeed Sherif Ismail following his government's resignation in the wake of Sisi's re-election. Madbouly also served in Sherif Ismail's cabinet as Minister of Housing, and had also briefly served as acting prime minister.
Egypt–Spain relations are the bilateral and diplomatic relations between these two countries. Egypt has an embassy in Madrid. Spain has an embassy in Cairo. Both countries share a common framework in the context of the Union for the Mediterranean.
Sahar Nasr is an Egyptian politician who served as the Minister of Investment and International Cooperation (2015–2019).
The Rafah terror attack was a terrorist attack conducted by the Islamic State – Sinai Province on an Egyptian Armed Forces checkpoint in Rafah in North Sinai on 7 July 2017 and resulted in the death and injury of 23 Egyptian soldiers, including the high-ranking El-Sa'ka officer, Col. Ahmed Mansi. 46 terrorists were killed and six cars of the militants were destroyed in the attack.
Mahmoud Mostafa Kamal Esmat is an Egyptian politician and the current minister of Public Enterprise since August 2022.
