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Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE

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To: Yarek Szolomicki who wrote (733)	2/15/2000 3:00:00 PM
From: Yarek Szolomicki	Read Replies (1) of 864

Egypt's gates, wide open for world investments Egypt, Economics, 2/9/2000 Prime Minister Atef Ebeid held a meeting yesterday with the UK Investment and Trade delegation, currently in Cairo. The UK delegation, headed by Sir Jeremy Hanley and Sir David Blatherwick, comprises 20 businessmen and bankers. The meeting was held to discuss means of activating the Egyptian-British trade exchange and boosting British investments in Egypt. On his part, Sir Hanley said that Premier Ebeid voiced deep interest in widening scale of trade exchange between the two countries to go in line with the deep-rotted ties binding Cairo and London. Sir Hanley expected British companies to invest more in Egypt particularly as an apt climate for investment is very much here in Egypt. He ascribed the economic stability Egypt enjoys to the political stability maintained in the country. He hoped that the Egyptian-British trade exchange would increase in the near future. He said that there are promising opportunities to increase British investments in Egypt, expounding that UK is deemed to be the biggest investor in Egypt. He expressed hope to increase trade exchange between the two countries. He called on British businessmen to make use of incentives granted to investors, expounding that the volume of UK investments in Egypt hit $3 billion, a matter that reflects the British confidence in Egypt's strong economy. Previous Stories: Commencing Egyptian - British commercial talks 2/8/2000 UK tops non-Arab investors in Egypt 2/1/2000 Egyptian economy, competent to attract more foreign investments 1/17/2000

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