Egyptian government discusses procedures to grant residence to foreigners

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Egypt’s Prime Minister Mostafa Madbouli held a meeting on Friday with officials of the Housing and Interior ministries to discuss executive procedures to grant non-tourist temporary residence to foreigners who own one or more properties in Egypt.

Madbouli entrusted officials with facilitating procedures for granting temporary residence to foreigners in case of ownership of a property, as stipulated in the decision of the Interior Minister.

He added that the decision of the Interior Minister stipulates that foreigners may be allowed temporary non-tourist residence for a period of five years, which is renewable for those who own one or more properties in Egypt for an amount not less than $400,000, and for those who own properties in Egypt worth at least $200,000.

Madbouli said that the decision will contribute to encouraging the export industry of Egyptian real estate abroad, which will generate a large income in foreign currency and will revive the real estate development sector. As such, procedures for the issuance of residence permits should be facilitated as soon as possible, along with a way to enforce this decision.

Interior officials confirmed that the procedures should not take more than a week, and will be coordinated between the concerned parties to overcome any obstacles and facilitate access to any foreigners who buy property to stay.

Previously on July 15 Egypt’s House of Representatives approved a bill amending a law on the entry and residence of foreigners in Egypt, granting Egyptian nationality to foreign residents in return for a bank deposit of 7 million pounds or an equivalent in foreign currency over 5 years.

Edited translation from Al-Masry Al-Youm

 

Source :  Egypt Independent

Redressement économique de la CEMAC: la poursuite des réformes prescrite

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C’est ce qui ressort de la session du Comité de politique monétaire de la BEAC tenue mercredi dernier à N’Djamena.

C’était la deuxième de l’année en cours. Une rencontre pour évaluer la situation économique de la zone CEMAC pendant le premier semestre 2018. C’est la ville de N’Djamena au Tchad qui a finalement accueilli avant-hier les assises initialement prévues à Yaoundé.

La deuxième session ordinaire de l’année du Comité de politique monétaire (CPM) de la Banque des Etats de l’Afrique centrale (BEAC) s’est tenue sous la présidence de son président statutaire, par ailleurs gouverneur de la BEAC, Abbas Mahamat Tolli.

Comme c’était déjà le cas à l’issue de l’évaluation faite au cours du Conseil de mars dernier, les perspectives sont encourageantes. Après avoir passé en revue la situation économique mondiale et de la sous-région, les participants ont relevé que l’activité est dynamique.

Le CPM a ainsi tablé sur quelques données. Du fait de la remontée des cours et de la production du pétrole brut, de l’accélération de la mise en œuvre des réformes économiques, monétaires et financières prévues et compte tenu des programmes conclus avec le FMI, les prévisions  pour l’année 2018 tablent entre autres sur : un taux de croissance du PIB réel de 2,5% contre 2,1% initialement projeté, sachant que la croissance a été nulle en 2017 ; un taux d’inflation sous le seuil communautaire à 1,6 % contre 0,9 % un an plutôt ; une réduction du déficit budgétaire (hors don) à 0,3 % du PIB, contre 4 % en 2017.

Au terme de la réunion, le CPM a décidé de maintenir inchangé  le taux d’intérêt des appels d’offres à 2,95 % ; le taux de pénalité aux banques à 7% ; le taux de rémunération des réserves obligatoires à 0,05 %. Il a aussi décidé de la suppression des taux des avances aux Trésors nationaux en cohérence avec les nouvelles dispositions statutaires.

Enfin, le CPM  a pris acte de l’état de réalisation des mesures de redressement de la position extérieure des Etats de la CEMAC telles qu’adoptées au cours de sa session du 22 mars 2017 à Yaoundé et encourage le gouvernement de la Banque centrale à poursuivre, sans délai, la finalisation des mesures restantes.

Avec la reprise de l’activité économique mondiale, la légère remontée des principaux cours des produits de base exportés par la CEMAC, le repli des investissements publics, les réformes structurelles engagées par les différents Etats, on peut espérer que l’embellie de l’activité économique en zone CEMAC va se poursuivre.

 

Source :  Cameroon-Tribune

Brisbane Broncos and Oil Search PNG Orchids announce Strategic partnership

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The Papua New Guinea Rugby Football League (PNGRFL) Chairman Sandis Tsaka and Brisbane Broncos Chief Executive Officer Paul White today proudly announced a new strategic partnership between the NRL Women’s Premiership team and the Oil Search PNG Orchids, promoting female participation in rugby league in Papua New Guinea.

This partnership creates a Player Pathway between the Brisbane Broncos NRL Women’s team and the Oil Search PNG Orchids, as well as providing a platform for the immersion of Oil Search Orchids players with the Brisbane Broncos during the 2019 season. The Player Pathway will be supported by Oil Search Limited and the Oil Search Foundation alongside it’s initiatives to champion women’s rights and empowerment throughout PNG. The Brisbane Broncos NRL Women’s team will also participate in community visits throughout PNG and support PNGRFL and Oil Search in promoting key anti-domestic violence and women’s empowerment.

As part of this partnership, the Oil Search PNG Orchids will play the Broncos NRL Women’s team in their inaugural game at Brisbane’s Suncorp Stadium a week before the NRL Women’s Premiership season commences. This match will be played prior to the Brisbane Broncos versus Manly Sea Eagles NRL Premiership match, on Sunday, 2 September 2018. A crowd of more than 40,000 is anticipated on the day which is also likely to be the final home game of Broncos Club stalwart, Sam Thaiday.

“I am excited by the opportunity to partner with the PNGRFL and the Oil Search PNG Orchids,’’ Broncos CEO Paul White explained. “We saw the passion that PNG fans bring to the sport of Rugby League when we visited in February and it will be great for our NRL Women’s team to experience this too.

“The day is shaping as a historic occasion for the Broncos. Not only will this be the first ever game for our NRL Women’s team, we will also be farewelling one of our Club greats, Sam Thaiday who will play his last ever home match at Suncorp Stadium. I would urge all the Club’s fans to come out and attend both matches on Sunday 2 September, as it will be a day we fondly remember as a Club for a long time to come.’’

Brisbane Broncos NRL Women’s CEO Tain Drinkwater attended the announcement in Port Moresby today and was joined by Oil Search Orchid, Amelia Kuk, who was unveiled as a Brisbane Broncos NRL Women’s player.

Kuk, who represented the Oil Search PNG Orchids in the 2017 Rugby League World Cup will become the first participant of the pathway program.

“I am thrilled to be able to wear the Brisbane Broncos colours and run out on Suncorp Stadium,” Kuk said.

The Oil Search Player Pathway program will enable Oil Search PNG Orchids players to experience life as an NRL Women’s footballer, accessing Brisbane Broncos NRL Women’s coaches, strength and conditioning programs and nutrition.

“We have created a pathway for a select group of PNG Orchids to come and visit the Broncos and train with our NRL Women’s team, with the view to one day playing in the NRLW competition”, Drinkwater said.

The pathway program was made possible by PNG company Oil Search, the major partner of the PNG Orchids, who have made a commitment to promoting women’s empowerment through rugby league in PNG. We would like to sincerely thank Oil Search for their involvement. “Without their commitment to the PNG Orchids, this would not have been possible,” Drinkwater added.

“I see this historic partnership between one of the largest NRL Clubs and PNGRFL as a major opportunity for PNG Rugby League. This strategic alignment will not just add capability but also see the Orchids develop from not just an international side but to a Club side. This partnership announcement isn’t just a rugby league announcement it also encapsulates the PNGRFL’s position on women’s rights and empowerment in PNG PNGRFL”, Chairman Sandis Tsaka said.

“For far too long our women have been in the shadows of our society but this is one time that they can step forward”.

“Rugby League is the national sport in PNG and it’s important that proud PNG companies, such as Oil Search, continue to support, not just the men’s game but in the development of the PNG national women’s rugby league whilst championing the cause of women’s empowerment in this country,’’ said Oil Search Managing Director Mr Peter Botten.

“We are particularly passionate in providing real support of programmes that address family and sexual violence in PNG and also providing a pathway for all women to reach their full potential in whatever they wish to do.

“As demonstrated by the Oil Search PNG Orchids in the World Cup last year, these athletes play with all their hearts every time they take to the field and are an absolute inspiration for the PNG nation. It is a real privilege to support them in a pathway to excellence through the association with the world-class rugby league franchise at the Broncos. We really want to see our talented Orchid players have the opportunity to reach their full potential and inspire all Papua New Guineans through this programme.’’

The Broncos NRL Women’s team will also play a trial match against the Oil Search Orchids at the Oil Search National Football Stadium in 2019.

Source: http://news.pngfacts.com/

One dead following bus crash in Tongariro National Park

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28 Jul, 2018 10:26pm

 2 minutes to read
Emergency services attend the scene of the crash.
Emergency services attend the scene of the crash.